Crypto News 

Money Management Firm Calls Bitcoin a ‘Fad’ then Files for Bitcoin ETF

“Over the weekend, the digital currency jumped to over $4,000 for the first time, quadrupling its value since the beginning of 2017” writes unknown author for cryptocoinsnews.com. Most notable was the Winklevoss twins bitcoin ETF, which was rejected by the SEC in early March.Money management firm VanEck has filed for a bitcoin ETF despite claiming that the digital currency was a ‘fad.’ Regardless of the recent user activated hard fork (UAHF), which saw the creation of bitcoin cash, bitcoin’s value has soared. Foster concluded by saying that while the blockchain…

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Crypto News 

Russian cryptocurrency legislation faces delays amid Bitcoin price fluctuation

“The latest news concerning the coming cryptocurrency legislation in Russia are in tune with the more sceptic stance on the matter” reports financefeeds.com. Ms Sidorenko concluded that there is a chance that the cryptocurrency legislation will be passed into a law in 2018, but added that the timing depends on market developments.In July this year, Russia’s Internet ombudsman Dmitry Marinichev also commented on the coming cryptocurrency legislation in Russia, saying that it will partially resemble that of Japan, and will also have elements of the New York DFS licensing system. Source: financefeeds.com…

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Crypto News 

Investment firm VanEck calls bitcoin a ‘fad,’ then files for bitcoin ETF

“Bitcoin and other digital currencies are a fad that has attracted the attention of programmers, speculators, and early adaptors,” Foster said” writes Evelyn Cheng for cnbc.com. “At best, digital currencies may eventually occupy some middle ground as a niche product,” he said.Many digital currency enthusiasts have called bitcoin “digital gold” and predict that a small percentage of gold’s roughly $7.5 trillion market value will flow into bitcoin, sending the digital currency’s price many multiples higher.”It is my opinion that governments will not allow digital currencies to reach the critical mass…

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Crypto News 

Fidelity Clients Can Now See Their Digital Currency Holdings through the Company’s Website

“Now, as Reuters reports, Fidelity Investments rolled out the new service, as clients can now see their Coinbase holdings on their website” writes unknown author for cryptocoinsnews.com. Back in May, as reported by CCN, Fidelity Investments announced that it would allow its clients to see their bitcoin and ethereum holdings held on cryptocurrency exchange Coinbase. In 2015, CCN reported that Fidelity filed an application with the U.S. Patent and Trademark Office to trademark FIDELITYCOIN, which according to the application covers financial exchange services for digital currencies and digital wallets.The goal,…

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JPY News 

How to trade currencies amid rising North Korea tensions

“The Swiss franc, the U.S. dollar and even the euro might be the best options for investors trading currencies in the face of rising threats from North Korea, analysts told CNBC. “The CHF (Swiss franc) along with the JPY (Japanese Yen) are widely considered the usual safe-haven currencies” writes Silvia Amaro for cnbc.com. However, given geographical proximately I would expect the JPY to be most sensitive to issues regarding North Korea,” Jane Foley, head of forex strategy at Rabobank, told CNBC Wednesday.In fact, the Swiss franc rose 1 percent against…

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Crypto News 

Fidelity allows clients to see bitcoin and other digital currencies on its website

“Fidelity Investments Inc has started allowing clients to use its website to view their holdings of bitcoin and other cryptocurrencies held through digital wallet provider Coinbase, the company said on Wednesday” writes unknown author for cnbc.com. The initiative, previously tested with the Boston-based money manager’s employees, is a rare example of an established financial services company warming up to cryptocurrencies.Through the experiment, the company said it aims to learn more about digital currencies, which have been proliferating since the creation of Bitcoin, the oldest and most valuable of these assets….

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Crypto News Platforms 

A Coinbase investor says the platform might reverse its bitcoin cash ban in the next few days

“Coinbase has spent much of this week in the weeds over its decision not to accept the newly minted digital currency bitcoin cash” writes Finanzen Net Gmbh for businessinsider.com. Read more about Coinbase and its initial decision not to accept bitcoin cash.Bitcoin cash started out with zero value when it was first established on Tuesday, but has quickly shot up to a high of $691.94 on Wednesday.But the company could reverse that decision in the next few days, an investor told Business Insider.Liquidity — the ability to convert an asset…

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Crypto News 

NYU Prof: Bitcoin May Be “Dangerous Pricing Game”

“The bitcoin price has soared to record levels, and initial coin offerings have raised more than $1 billion in funding” writes unknown author for cryptocoinsnews.com. Critics compare bitcoin to the 17th-century Dutch tulip bubble and say that its value is derived entirely from speculation.He says that price swings make bitcoin popular among traders but hamper its ability to gain acceptance as a unit of exchange.One reason he doubts bitcoin will succeed is that it is too committed to privacy and decentralization. Source: cryptocoinsnews.com Share This:

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Crypto News 

Indian Finance Ministry Panel Suggests Discouraging People from Using Bitcoin

“Now, though, the panel has suggested that the government take steps to stop the use of digital currencies to protect people” writes unknown author for cryptocoinsnews.com. An official said: These latest comments from India’s finance ministry comes at a time when the use of bitcoin trading is experiencing a surge in popularity.In June, the finance minister Arun Jaitley held an inter-ministerial meeting to discuss the risks associated with the digital currency.In May, digital currency exchange Zebpay hit a notable milestone when it saw more than 500,000 installs of its app-only…

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