Fake News. Bitcoins News. Will crypto get an ETF?
Is this genius marketing?
The BitA Bitcoin Wallet company called Copay announced on their blog they were partnering with Samsung, but it was fake news.
The Bigger PictureWithin 24 hours, the blog post was taken down. Samsung’s official response is that the rumors are for sure false. According to Copay’s article, the plan was that the company would install its cryptocurrency merchant platforms in 31 Samsung stores throughout several Baltic Nations. This isn’t to say Samsung has shown they are averse to the technology. They have implemented it throughout their product supply chain, as well as a digital finance platform using blockchain. Bitcoin has mood swings
The BitAfter dropping to year low again last week, Bitcoin has now bounced back up to $8,300. How volatile will this run get?
The Bigger PictureThe overall cryptocurrency market cap has been rising with Bitcoin, however, Bitcoin’s market dominance has been rising as well. The way this is playing out is that many of the top 100 market cap coins are rising higher, while others are holding steady or even dropping in market cap. There has been sweeping changes in cryptocurrency law reform lately, with many investing platforms opening up easier avenues for investors to get into cryptocurrencies, such as Coinbase institutional Suite or Robinhood’s cryptocurrency additions. If you’re not first you’re last
The BitBitwise Investments was the world’s first cryptocurrency index fund, but that doesn’t always translate into what is a lasting product.
The Bigger PictureThe Bitwise index fund “HOLD 10” is a blend of BTC, ETH, XRP, BCH, LTC, DASH, NEO, ZEC, XMR (Monero) and ETC, weighted by a 5-year-diluted market cap. It was started in October of 2017, Coinbase now has a very similar index fund as of March 2018. However, Bitwise is taking it one step further by applying to the SEC to register “HOLD 10” as an ETF. The very first Bitcoin related ETF was shot down by the SEC back in March of 2017, applied for by Gemini exchange of the Winklevoss twins. We’ll see if times have changed. “What things will look like five or ten years from now is pretty unclear. The HOLD 10 index offers broad exposure, it updates monthly and changes to adapt to the market.” - Hunter Horsley Bitwise co-founder and CEO