Fidelity, a financial institution that oversees over $2 Trillion in assets is rumored to be working on proper custodian services for cryptoassets. This is huge news in my opinion, as a legitimate custodian service for crypto will enable larger investors to gain exposure to the market. Sticking with the big players theme, Van Eck and SolidX are applying for a Bitcoin ETF with a single share worth about $200,000, hoping to comply with SEC feedback.
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Fidelity working on crypto solutions: http://www.businessinsider.com/fidelity-a-household-name-in-american-investing-is-plotting-a-big-move-into-cryptocurrency-trading-2018-6
Bitcoin ETF Dreams Alive: https://www.bloomberg.com/news/articles/2018-06-06/bitcoin-etf-dreams-kept-alive-with-new-solidx-vaneck-sec-filing
Circle in Talks to Become a Registered Bank: https://www.bloomberg.com/news/articles/2018-06-06/circle-in-talks-with-u-s-to-become-licensed-bank-trading-venue
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Great time to be accumulating BTC for a number of reasons. This year we could see an ETF and China legislate crypto assets opening China up again, on top of that there is more miners, more competition from mining equipment manufacturers and the EH rate for BTC is growing significantly. There’s an obvious reason for this and that’s that BTC will rise in value significantly and pull along the better altcoins. I would expect there to be much more critical analysis of shitcoins too and most will get rinsed for what they are.
It seems like we're slowly but surely being funneled into a centralized, regulated market controlled by the very same entities crypto-currencies were created to fight, and almost everyone seems to be calling for it or at least welcoming it with open arms.. All those news are far from being good imho, not for the long run at least.
About a month ago I put some hard earned money in Fidelity Magellan and I'm really, really happy watching my investments go up and quickly in only a month. I knew Fidelity was thinking about getting into crypto so that's great news that they are now. Love Crypto. Life is good.
Ooh, I'm looking forward to Fidelity's developments. If it means I can put my trades in one place...I won't do that cause you should never put all you stuff in one place, but that'll really help with liquidating my crypto assets and moving money between stocks and crypto
No custody service is needed as the whole thing works through contracts being executed so it cuts those regulators out in the first place that's the point. I noticed the good Crypto channels all recently started saying how regulation is a good thing. Sure but not obtrusive expanding Central government or regulation cartels
stephen kost that's what the blockchain is for, it validates all the transactions so there's no fraud with the "money". if the company fails because they hire bad programmers or no one is interested, that wouldn't be a scam just bad business management. Most alts have no value besides the confidence holders place in the future, that's not something that can be regulated because it's basically popularity economy atm. Exchanges already have requirements to get listed and you have to pay a pretty high fee to even get listed at all, that's not something a typical methhead scammer will be doing. If someone formed a company, got the 80k+ for listing and had a quality website with white paper that was publicly reviewed but still intended to scam everyone by cashing out via the public crypto markets, how would that get stopped? beeetcccooonnneecctt was touted as a scam and only tards who didn't have any idea what they were doing bought it with a serious intention, if you buy a coin with a market cap of 100k you are retarded and the only thing that can help you is public regulation for guaranteed 💯% safety is not a market it's a planned economy and that's why Crypto was invented to respond to that problem
ICOs need to be vetted. Period. Too many scammers out there. There has to be a crypto equal to the SEC. Bitcoin and the other Titans have already been vetted. They're already established. Any new players need to be vetted in every way possible.
nope, I can't. Would love to, but forbidden to enter the country of the free and even there airplanes i can not enter. I think it is the only country that doesnt let me in, I have been to 137 different ones. And the only country i know that forbids its tribe to enter certain countries. Not even the russians or the chinese forbid their people to go anywhere, I think. Hell uva free country that is. Soon it wil bewiped out, will enter then to party on the grave ;)
We the creditors do not require institutional money for the success of bitcoin and other decentralized currencies to prosper.. We just build a better club and allow only people who play by the rules into said club.. Government regimes don't play by the rules. So I am more weary of hoping for institutional fiat money into the space. Seems like a when a government does a crime there should be a penalty.. Allowing these corpses into crypto is begging for a 51% attack just my opinion
stephen kost Lol Definitely But I would love to know where McAfee gets those outrageous predictions from because I do a lot of technical analysis and nothing on the charts resemble any of his predictions Lol
What if Crypto is just a clever plot to trick retail investors into crowd funding the next gen global digital monitoring device and at the same time revive the dying tech unicorns by making us think we're voluntarily part of the movement to encourage personal financial sovereignty and overall privacy...all from the drivers seat of an Italian supercar? ADA/Watson for Supreme Overlord 2030 🤖
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