The US investment company Valkyrie has filed an application for a Bitcoin ETF with the American SEC. This is evident from a registration form dated January 22nd.

The US asset manager Valkyrie Digital Assets wants to usher in the next step in Bitcoin adoption

The mutual fund recently filed an application for a Bitcoin Pro with the US Securities and Exchange Commission (SEC). Valkyrie thus documents the latest case in which an investment company tried to register an ETF based on digital gold. So far, however, all attempts at the SEC have failed.

Valkyrie Digital Assets is a subsidiary of Valkyrie Investments. Specifically, the “Valkyrie Bitcoin Fund” is to be deposited “physically” through Bitcoin. The American crypto exchange Coinbase serves as custodian. The S-1 form states the investment objective:

The investment objective of the trust is that the shares will reflect the performance of a bitcoin as represented by the index, less the liabilities and expenses of the trust.

VanEck also with an application for Bitcoin ETF

But Valkyrie is not alone in this. With VanEck, the competition even comes from within the country. The investment company with headquarters in New York even registered its Bitcoin ETF before the turn of the year . VanEck had previously failed in 2019 with a corresponding application to the SEC. In return, Germany was able to look forward to the introduction of a Bitcoin ETN on the Xetra exchange. BTC-ECHO found out in an interview that the US asset manager likes to compare Bitcoin with gold .

New SEC boss is considered crypto-savvy

The recent rumors about the appointment of the new SEC chief under the Biden administration are likely reasons for cautious optimism. As reported by BTC-ECHO , among others , US President Biden plans to appoint the economist Gary Gensler as the new chairman of the tax authority. Gensler was previously chairman of the Commodity Futures Trading Commission (CFTC). He is considered an expert in the crypto sector and with his expertise could significantly contribute to the introduction of a solid Bitcoin ETF.

Der Krypto-Marktwert hat sich innerhalb von 24 Stunden um 200 Milliarden US-Dollar verringert, da der Preis für Bitcoin und andere Altcoins erheblich gesunken ist.

Nachdem der Kryptomarkt im vergangenen Monat einen deutlichen Anstieg verzeichnet hatte, hat er innerhalb von 24 Stunden rund 200 Milliarden US-Dollar an Marktwert verloren

Insbesondere zeigten CoinMarketCap-Daten, dass der Wert des Kryptomarktes von 1,1 Billionen US-Dollar am 10. Januar auf etwa 900 Milliarden US-Dollar im folgenden Geld fiel.

Der massive Rückgang des Kryptomarktes könnte mit dem jüngsten Preisverfall bei Bitcoin zusammenhängen. Trotz der jüngsten deutlichen Zuwächse ist der Preis für The News Spy gefallen.

Zum Zeitpunkt der Drucklegung war Bitcoin in den letzten 24 Stunden um 15,99% auf 32.880,76 USD gefallen.

Obwohl andere Altcoins bei der jüngsten Rallye zu Bitcoin gestoßen sind, verzeichnen die Vermögenswerte derzeit ebenfalls Verluste. Das zweitgrößte digitale Asset Ethereum (ETH) ist um 22,60% auf 998,18 USD gefallen. Außerdem ist der XRP von Ripple um 11,69% auf 0,2795 USD gefallen. Darüber hinaus ist Litecoin (LTC) um 24,18% auf 127,76 USD gefallen.

Als die Kryptowährungen sinken und der Wert des Kryptomarktverlusts sinkt, warnte die britische Financial Conduct Authority :

„Wenn Verbraucher in diese Art von Produkten investieren, sollten sie bereit sein, ihr gesamtes Geld zu verlieren. Wie bei allen risikoreichen spekulativen Anlagen sollten Verbraucher sicherstellen, dass sie verstehen, in was sie investieren. “

In einem Bericht stellte Forbes fest, dass der Preisverfall am Sonntag begann, nachdem die Sunday Times bekannt gab, dass HSBC damit begonnen hat , Übertragungen von Krypto-Börsen zu verhindern .

Finnland versteigert beschlagnahmte Bitcoins inmitten einer BTC-Preisrallye

Die finnische Zollbehörde plant den Verkauf von 1.981 beschlagnahmten Bitcoins, die mit Drogenermittlungen im Jahr 2016 in Verbindung stehen.

Finnlands Zollbehörde hat ihren Plan enthüllt, 1.981 Bitcoins im Wert von fast 76 Millionen Dollar zu versteigern, die bei der Verhaftung eines finnischen Drogenhändlers im Jahr 2016 beschlagnahmt wurden. Die Beamten der finnischen Zollbehörde planen, die jüngste Preisrallye in BTC auszunutzen.

Laut einem Bericht des finnischen Rundfunksenders Yle plante das Land ursprünglich, die erbeuteten Bitcoins im Jahr 2018 zu verkaufen, ließ den Plan aber aufgrund von Bedenken bezüglich des Geldumlaufs fallen. Dieses Jahr plant die Behörde, die beschlagnahmten Bitcoins so schnell wie möglich zu verkaufen.

Pekka Pylkkänen, ein Beamter der finnischen Zollbehörde, hat den Prozess erklärt, durch den die Beamten planen, die erbeuteten Bitcoins zu verkaufen. “Die Zollbehörde kann die beschlagnahmte Kryptowährung entweder selbst verkaufen oder sie beauftragt einen Vermittler damit. Die Bitcoins werden so schnell wie möglich verkauft, praktisch in den kommenden Monaten. Ich persönlich glaube nicht, dass es Sinn macht, das weiter zu erklären. Das wird sich durch Warten nicht mehr ändern”, sagte Pylkkänen.

Regierungen auf der ganzen Welt ergreifen strenge Maßnahmen gegen die illegale Nutzung von Kryptowährungen. Im November 2020 gaben die US-Behörden bekannt, dass die Regierung Bitcoins im Wert von fast 1 Milliarde Dollar beschlagnahmt hat, die mit dem Darknet-Markt Silk Road in Verbindung stehen.

Bitcoins-Aukion

Pylkkänen skizzierte die Risiken, die mit der Zirkulation von Kryptogeld in den kriminellen Markt verbunden sind, erwähnte aber, dass die Abteilung keine andere Wahl hat, als die Bitcoins zu verkaufen. “Der Zoll ist zu dem Schluss gekommen, dass er auf der Grundlage des Zollgesetzes keine andere Wahl hat, als die Gelder zu verkaufen. Auf der Grundlage des Zollgesetzes hatten wir die Möglichkeit, sie an eine andere Regierungsbehörde oder jemand anderen zu übergeben und sie zu vernichten. Wir kamen zu dem Schluss, dass andere Alternativen als der Verkauf nicht realistisch sind”, so Pylkkänen.

Die jüngste Entscheidung der finnischen Zollbeamten kam, nachdem der Preis von Bitcoin 40.000 Dollar überschritten hatte. Der Gesamtwert der beschlagnahmten Bitcoins liegt nun bei rund 76 Millionen Dollar, ein deutlicher Sprung von einem Wert von nur 800.000 Dollar zum Zeitpunkt der Beschlagnahmung.

Traders in super-advanced positions feel the pain once again as volatility eliminates large amounts of value in minutes.

Bitcoin’s fall in price to $27,000 cost BinanceNOTÍCIAS DO MARCADO traders $190 million

The Bitcoin (BTC) fell to US$27,700 and recovered seconds later it was a shock for some and financial ruin for others, the data show.

According to Glassnode’s on-chain analytical feature, futures traders with long positions lost a total of US$190 million at Binance alone in a single hour – the most in history.

One exchange, 60 minutes, US$190 million
The numbers highlight the current face of Bitcoin, as it Crypto Trader revolves around new historical records and, together with Ether (ETH), becomes the hottest ticket of 2021.

Purchased positions were almost unrestrained throughout much of December 2020 and in the new year, these positions had little resistance.

Despite warnings from several analysts that the bullish run could not last forever, many investors took substantial risks, betting heavily on new continuing highs. In the event, $34,800 marked a definitive high, with the BTC/USD subsequently losing $7,000 in 24 hours, including $4,000 in less than 60 minutes on Monday.

Bitcoin Futures Long Settlement Chart (Binance). Source: Glassnode
The result for those who were overtaken was easy to see.

“US$190,000,000 (in long positions) were settled at #Binance in 10 minutes. The highest figure to date,” Glassnode commented next to a graph showing the #Binance settlements.

Risk vs. Reward
As the Cointelegraph reported last week, it was the short positions that were liquidated en masse when Bitcoin ripped $30,000 for the first time. This episode lost the operators of $100 million in exchanges.

“Get used to drops of 5,000 as we move to $100,000. It comes with the territory,” Samson Mow, strategy director for the Bitcoin Blockstream technology company, summarized on Twitter as the volatility continued.

Derivatives trades linked to Bitcoin and Ether, however, show no signs of losing popularity. CME Group, one of the pioneers in Bitcoin futures, is expected to launch Ether futures in the first quarter of this year.

Cryptomoedas gain prominence in a retrospective of digital banking, which analyzes the trajectory of money between 2011 and 2020.

The year 2020 is coming to an end and marks the end of an entire decade, giving way soon to the year 2021. In a retrospective of the last ten years of the market, fintech Nubank cited the importance of cryptomites such as Bitcoin (BTC), which marked the trajectory of “money”.

According to a publication in Nubank’s blog last Monday (21), Bitcoin Trader platform is pointed out as one of the “7 facts that marked money in the decade”. Like other technologies, the digital bank recognizes the importance of cryptomeda to the financial market in the last decade.

How Pix can help with the adoption of cryptomoeda

Besides Bitcoin being mentioned, the digital bank highlights that the money has been marked by profound transformations throughout the market, such as the rise of fintechs, for example, as is the case of Nubank itself.
The ‘boom’ of fintechs

Although Nubank does not accept crypto, fintech has recognized the importance of Bitcoin for money over the past ten years. In a list of seven facts that have marked the financial market, Bitcoin appears in second place.

Therefore, before cryptomoins, the most important fact for money in the last decade was the ‘boom’ of fintechs, according to Nubank. For digital banking, fintechs now offer more advantageous banking services, with lower service fees and more competitiveness.

“Generally, companies of this type are more efficient and do not have a great cost with physical structures, such as branches and stores, so many offer cheaper or even free services”.

Nubank, Bitcoin and Money

Right after talking about the importance of fintechs for money, Nubank’s blog cites “the ups and downs of cryptomorphs” as an important fact in the last ten years.

According to the list of “7 facts that marked the money in the decade”, cryptomoks left their mark on the financial market. The publication brings a brief history about the creation of Bitcoin, which begins still in 2008 and ends with the record broken in US$ 20 thousand.

Nubank investors bring US$ 62 million in exchange expansion from Bitcoin to Brazil

The publication also talks about the expectation that Bitcoin’s price will continue to rise in the market, after cryptomoeda reached the historical quotation of 2017 recently.

“With the pandemic of the new coronavirus, the value of Bitcoin fell for a while, but then began to appreciate day after day. Until, in December, cryptomoeda exceeded the value of US$ 20 thousand (dollars) for the first time in history – and the expectation is that it will continue to rise”.

A new currency

For Nubank, Bitcoin’s goal was to play the role of a currency that could replace fiduciary money. In addition, fintech mentions that cryptomoeda intended to “get rid of banks”, thanks to its data decentralization.

“Created in 2008 as a response to the world financial crisis, Bitcoin aimed to replace physical money and get rid of banks in the intermediation of financial operations.

Finally, besides fintechs and cryptomoedas, five other facts have marked the trajectory of money in the last ten years, like the famous cashback programs, which return money to users.

Nubank selects clients to use Pix, which will have reduced hours during testing phase

Another fact considered important in Nubank’s retrospective was the use of digital money, especially in 2020, due to the pandemic caused by the new coronavirus. Meanwhile, novelties such as the “payment by approximation”, the lowering of the Selic rate and the launch of Pix also marked the decade of money.

France introduces KYC compulsion for Bitcoin Broker

Justitia holds in her hand the scales of justice, from which two Bitcoin coins are suspended. The French flag is in the background.

In a press release issued by the French Ministry of Finance, the government has revealed stricter KYC rules for crypto-transactions.

On 9 December, French Finance Minister Bruno Le Maire let the crypto-cat out of the Bitcoin Code bag and unveiled a legislative update setting stricter know-your-customer rules for all crypto-companies operating in the country, including for peer-to-peer transactions. The revised law could put an end to the anonymity of the French crypto space.

From now on, crypto providers will be forced to validate the identities of their users. Anonymous accounts will be prohibited. Cooperation with national secret services and the freezing of assets will also be made compulsory. As justification, France mentions, in addition to general security and attractiveness aspects, the fight against money laundering and terrorist financing. In its press release, the Ministry refers to a recent dismantling of a terrorist network in September that allegedly used transactions of digital assets. Crypto vendors have until mid 2021 to make the necessary adjustments.

France a prosperous block chain location

The recently published report of the EU Blockchain Observatory provides a detailed overview of France’s blockchain economy. The country has a significant number of block chain start-ups. They are helped by state subsidies, such as aid funds. A state fund has already invested almost €300 million in infrastructure projects of young companies in the crypto-sector. In addition, there are de-bureaucratising measures, such as the PACTE law, which removes obstacles to the establishment of start-ups. France is thus trying to establish the country as a leading crypto-space hub.

G7 favours crypto regulation

France is therefore now putting in place comprehensive regulations for crypto-space from next year. This follows the recommendations of the Finacial Action Task Force (FATF) and the G7. The finance ministers of the seven most important industrialised nations of the West were already unanimously in favour of regulation on Tuesday. For example, a press release by the US Treasury Department indicated that they wanted to impose regulations on the developing crypto landscape to prevent its use for “malicious purposes and illegal activities”.

5th EU money laundering directive as a basis in Germany

With the legislative adjustment in France, the government is also following the 5th update of the European Union’s money laundering directives, which came into force in January 2020. This directive has also been in force in Germany since the beginning of the year. In the Federal Republic of Germany, crypto providers have since been added to the group of obligated parties under the Money Laundering Act. According to this law, credit institutions, insurance companies and now also providers of crypto-currencies are obliged to keep customers in a transparency register, where proof of identity must be deposited. This means that the anonymity feature characteristic of crypto-currencies is largely omitted here as well, which is now also disappearing in France.

Bitcoin (BTC) is once again talking about it in this time of economic and health crisis. This enthusiasm is largely linked to exceptional performance in a tumultuous market. The emergence of a new digital asset class is a boon for investors seeking diversification. However, this is accompanied by significant volatility, which it is now possible to tame.

This promotional article was produced in collaboration with NapoleonX

Successive economic crises are making traditional financial markets more and more crumbly. A system of communicating vessels that seems to be turning to the advantage of Bitcoin Profit. The latter asserts itself on a daily basis as a logical contender for the future ultimate store of value , but also a diversification tool that is becoming difficult to ignore.

A new ATH for Bitcoin

This new reality greatly appeals to institutional players , little known for their love of risk, but in dire need of diversification. Bitcoin and the attainment of a new ATH in the midst of the Covid 19 crisis has had the gift of whetting the appetite of investment funds, which were once skeptical.

The preconceived ideas are indeed upset and force the institutions to review their positions . The PayPal company recently integrated Bitcoin into its payment solutions. Billionaire and fund manager Ray Dalio even explains on Twitter that he “ may have missed something about Bitcoin .”

The finding is similar for retail investors . Still followers of potentially asymmetric income, their main concern is quite different. Without real trading fundamentals, they are faced with extreme volatility which often leaves room for frustration.

This emotional charge induced by sudden and unexpected market movements profoundly changes the attitude of traders, both confirmed and beginners. In order to approach the markets more calmly, they use trading bot services, of which Napbots is one of the major outsiders.