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France Warns of Several Unauthorized Cryptocurrency Platforms

June 20, 2018 |

France Warns of Several Unauthorized Cryptocurrency Platforms

France’s financial markets regulator has issued a new warning against unauthorized platforms offering cryptocurrency investments. The regulator has added four websites to its list of blacklisted domains offering crypto investments without authorization.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

French Regulator’s Warning

France Warns of Several Unauthorized Cryptocurrency PlatformsThe French financial markets regulator, the Autorité des Marchés Financiers (AMF), on Monday warned “the public against several companies proposing atypical investments without being authorized to do so.”

The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected. According to Law no. 2016-1691 on transparency, no investment offer can be directly marketed in France without a registration number or prior approval by the AMF.

France Warns of Several Unauthorized Cryptocurrency PlatformsAlongside Monday’s warning, the regulator also published a list of four “new unauthorized websites offering atypical investments.” The four websites are bitoraxe.com, solutioncrypto.com, solution-crypto.com, and connect-coin.fr. At the time of this writing, connect-coin.fr is already offline. The other three are still live but solution-crypto.com redirects all traffic to solutioncrypto.com.

The AMF previously published a list of 15 websites offering crypto investments without authorization. The regulator maintains three lists of unauthorized websites – one for forex products, one for binary options, and one for other goods including diamonds, wines, and cryptocurrencies. The agency started keeping track of blacklisted sites in July last year and began including crypto sites in December.

AMF Concerned About Crypto

The AMF has been tracking losses in cryptocurrencies through its Epargne Info-services center, which receives investment complaints and claims. During the AMF’s annual report presentation last month, Chairman Robert Ophèle said:

During the first four months of the year, out of the more than 4,000 requests processed by our Epargne Info-services center, 700 concerned crypto-assets with nearly 250 claims or reports reporting more than € 9 million (~US$ 10.43 million) in losses.

He added that cryptocurrencies have taken over binary options and highly leveraged contracts for difference (CFDs) as the most pressing problem.

France is currently creating a legal framework for initial coin offerings (ICOs), which is expected to be finalized next year. The agency started clamping down on bitcoin derivatives in February. In April, the country slashed the tax rate on crypto capital gains from 45% to 19%.

What do you think of the AMF warning investors of these unauthorized platforms? Let us know in the comments section below.


Images courtesy of Shutterstock and AMF.


Need to calculate your bitcoin holdings? Check our tools section.

The post France Warns of Several Unauthorized Cryptocurrency Platforms appeared first on Bitcoin News.

Bitcoin News

Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018

June 18, 2018 |

Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018

No need to beat yourself up if your cryptocurrency portfolio exhibited less than stellar performance in May. Even the professional traders employed by the big hedge funds active in the space have suffered double digit declines during the previous month. 

Also Read: Bitcoin in Brief Monday: From New York to Historic Istanbul Market

Crypto Hedge Funds Show Weak Performance in May

Data provided by three different industry trackers reveals that crypto hedge funds achieved considerable negative growth in the bear market of May 2018.

The Eurekahedge Crypto-Currency Hedge Fund Index estimates the losses made by crypto funds to have been 11.66% during May, and 2018’s year to date (YTD) performance to be -22.71%. Market analysis firm, Hedge Fund Research Inc. (HFR), estimates crypto funds to have suffered a decline of 15.48% during May, bringing the YTD performance to -33.3% per the company’s HFR Blockchain Index. And the Cryptocurrency Traders Index of hedge fund data specialist Barclay Hedge shows that the performance of those it is tracking dropped by 19.09% in May, and down 34.57% YTD. The differences between the three benchmarks are due to each following a different number of funds.

The weak May figures are in sharp contrast to the strong rebound performance seen the previous month, as Eurekahedge reported an increase of in 52.83% and Barclay Hedge a similar 44.86% in April 2018.

Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018
Barclay Cryptocurrency Traders Index May 2018

Reasons to Remain Positive in the Long Term

Despite the setbacks in May and high volatility from month to month analysts believe there are reasons to remain optimistic such as the recent SEC statement and new institutional money coming in. “I expect the crypto markets to remain volatile for the foreseeable future,” said Henri Arslanian, cryptocurrency lead for Asia at PwC. “Whilst retail investors may see volatility in the crypto markets as a downside, many crypto funds see it as an opportunity.” He added that the “long term positive impact of the number of institutional players entering” is more important than short-term price changes.

And interest among Asian investors is surging, according to Josh Gu, director of quantitative research at the HFR index division. “Cryptocurrencies have been very volatile, the topic is still hot in China and Japan.” He explained to the FT that cryptocurrencies appealed to individual investors with a large risk appetite. “However, the [Chinese] regulator has banned some of the crypto trading platforms because of risk, so some investors might have panicked.”

Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018

Is such a performance justifies paying for portfolio management? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018 appeared first on Bitcoin News.

Bitcoin News

New Platform Ranks Cryptocurrency Exchanges by Liquidity, Security, and Reliability

June 16, 2018 |

Hacken has launched a new website that provides an all-in-one tool for rating cryptocurrency exchanges. Crypto Exchange Ranks (CER) allows for side by side comparisons of well over a dozen exchanges, including real-time arbitrage data and ratings for liquidity, compliance, reliability, and security.

Also read: Hollywood Stars in Movie About Crypto Money Laundering

CER Aims to Accurately Rank Cryptocurrency Exchanges

Crypto Exchange Ranks by Ukraine’s Hacken officially launches on Monday, June 18. The service allows users to access a wide range of metrics for major exchanges within the cryptocurrency ecosystem. News.Bitcoin.com was granted access to the beta version of the platform, which comprises a scoring dashboard for exchange comparison together with tabs for viewing liquidity and arbitrage.

While not every feature has been activated in the beta version, the ones that are in operation appear to work well and provide useful tools for traders seeking arbitrage opportunities, or trying to determine the withdrawal limits of various platforms. Anton Kaminsky, Business Development Director of Crypto Exchange Ranks, told news.Bitcoin.com that the goal was “to create a sophisticated tool for crypto exchange rankings, to save time and effort for all market participants”.

New Platform Ranks Cryptocurrency Exchanges by Liquidity, Security, and Reliability

CER Is to Exchanges What CMC Is to Cryptocurrencies

While platforms such as Coinmarketcap provide certain data on exchanges, such as 24-hour volume and most traded pairs, CER has taken a different approach. The site, which will be free at launch before later introducing a subscription model, scans the order book of each exchange in real time to calculate its size. It also enables users to compare prices for any coin on up to five exchanges, to view aggregated volumes for up to five exchanges, and to check the balances of the platforms’ hot and cold wallets.

New Platform Ranks Cryptocurrency Exchanges by Liquidity, Security, and Reliability

While most traders are unlikely to be concerned with cybersecurity ratings, the existence of such tools may incentivize exchanges to improve their service, knowing that their every action is being monitored. Dmitriy Budorin, CEO of Hacken who created the platform, said: “Cryptocurrency exchanges are the backbone of the whole emerging crypto economy. CER will contribute to its healthier development. We hope that with CER, the exchanges will start taking their cybersecurity more seriously and refuse any bad practices, while users will receive comprehensive tools for smart decision making”.

Version 1.0 of CER launches on Monday, before future updates will add the ability to track aggregated portfolios, and to access TA and FA tools within the platform’s dashboard.

Would you use a platform like Crypto Exchange Rankings? Let us know in the comments section below.


Images courtesy of CER.


Disclaimer: Bitcoin.com does not endorse nor support this product/service.

Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

The post New Platform Ranks Cryptocurrency Exchanges by Liquidity, Security, and Reliability appeared first on Bitcoin News.

Bitcoin News

Freedom Fest 2018: Cryptocurrency Speakers, Debates, & Growing Interest Among Attendees

June 16, 2018 |

Freedom Fest 2018: Cryptocurrency Speakers, Debates, & Growing Interest Among Attendees

For more than a decade, Freedom Fest has been a top attraction on the conference circuit for those leaning toward freer markets. Through the years, it has grown to include speakers and topics well beyond economics. In doing so, it has attracted some of the most interesting minds in the world. 

Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite Get It

Freedom Fest Founder Talks Crypto

Freedom Fest 2018: Cryptocurrency Speakers, Debates, & Growing Interest Among Attendees

This year’s gathering in Las Vegas, July 11th through 14th, is continuing to branch out. Cryptocurrency and its underlying technology are taking up more intellectual space this July, with a host of debates, lectures, and presentations sure to interest news.Bitcoin.com readers. We caught up with its founder, legendary economist Mark Skousen, to gain insight into the popular conference.

Freedom Fest 2018: Cryptocurrency Speakers, Debates, & Growing Interest Among Attendees
Dr. Skousen

News.Bitcoin.com: Freedom Fest is one of the biggest, best attended libertarian/freedom movement soirees. Why do you think it’s so popular while other conferences struggle to sell tickets?

Founder Mark Skousen: We do several things unique — first of all, Freedom Fest is a Renaissance gathering, where we talk more than just politics. We also discuss and debate philosophy, history, science & technology, healthy living, music & dance, law & religion, etc. We even have a film festival. There’s something for everyone. We also have lots of breakout sessions, so there’s plenty to choose from, and nobody is bored. We also have a “financial freedom” investment conference, my area of expertise. I think if we were strictly a libertarian conference, we wouldn’t be so successful. I also like to think that because we are a “for profit” business, we focus more on what the attendee wants, rather than what the donors want. Also, we aren’t competing with non profits and engaged in fundraising. 

I do think we could be a lot bigger and more influential — as “the greatest libertarian show in earth,” as the Washington Post calls us — if everyone in the freedom movement, including think tanks, would join together instead of each one starting their own conference, which is what they are all doing. As Ben Franklin says, “We just all hang together, or we shall surely all hang separately.” (So let’s hang out in Vegas!) We are relatively small in the world, and spreading ourselves too thin these days. So we offer every major freedom organization a chance to create their own mini-conference at Freedom Fest.

Every year Freedom Fest seems to incorporate more cryptocurrency themes into the program. I’ve counted at least four events centered around them, including what looks to be a pretty great debate. Is it just my bias showing? Or, have you seen a growth in interest by Freedom Fest participants as well?

Yes, I think so.  We’ve been covering digital currencies for several years now, which I regard as a legitimate currency, although not especially utilitarian given its volatility. That’s why we invited Patrick Byrne, CEO of Overstock, to address us this year — he thinks bitcoin and blockchain are revolutionary. I agree.

This year’s Freedom Fest boasts Naomi Brockwell, Bitcoin Girl, as the gathering’s mistress of ceremonies. We’re, of course, big fans of her, but why did you choose her as MC?

Not because she’s the Bitcoin Girl, but because she’s young, attractive, and intelligent — and a great voice. She’s also well known in the freedom community.

Just about every year, there’s a surprise guest or someone thought to be controversial. Two years ago, for example, no less than candidate Donald Trump made a pitch to participants. Any hints as to what might happen this year?

We have invited a surprise guest, and if he shows up, it will be standing room only. But it’s a long shot.

Freedom Fest 2018: Cryptocurrency Speakers, Debates, & Growing Interest Among Attendees
Naomi Brockwell

I printed out the agenda, itinerary, for this year’s Freedom Fest. Wow. It’s something like 20 pages. Is having a wide arrange of topics, from religion to education, to anarchy, done on purpose? Or has it just evolved that way?

We’ve had wide diversity of topics, debates, panels, etc. from the very beginning. We also work hard to make the topics provocative. It’s essential to get a good turnout, since each session competes with nine others.

We also have a different theme every year…In the past, it’s been “Are We Rome?”…”Are We Headed for Another French Revolution?”…”Is the American Dream Lost?”…and this year “Where is the Voice of Reason?”

Your seminal textbook, Economic Logic, now in its 5th edition, has a brief mention of bitcoin. Do you think that’s bound to change, say, for the 6th edition? In other words, do you think economists such as yourself will be compelled to grapple with it to a greater degree?

I do plan to include a major section of digital currencies in the 6th edition. I wished I had put in more in the 5th edition.

Freedom Fest 2018: Cryptocurrency Speakers, Debates, & Growing Interest Among AttendeesAt least one of your quotes about bitcoin went viral a while back. You basically contend it won’t ever replace gold due to the fact computers can be effectively shut off, shutting off access to bitcoin. Do you still maintain your contention about it never replacing gold?

I’m of the opinion that the upward trend in gold seems to have been affected by the increasing interest in bitcoin and other cryptocurrencies as a legitimate alternative. But because it’s digital and non-physical, it can never replace the benefits of actual gold ownership.

You were one of the few well-known economists to express a bullishness towards cryptocurrency. Do you still think well of crypto? Has the price drop changed your mind?

Volatility is still a problem, and that’s keeping back its use by everyman. Most investors hold it as a speculation rather than a medium of exchange.

Do you, or have you, actually used cryptocurrency to purchase goods and services? Just curious.

Not yet.  Like everybody, I wished I had gotten in early and become a millionaire!

Freedom Fest 2018: Cryptocurrency Speakers, Debates, & Growing Interest Among AttendeesThis year Freedom Fest is throwing a 50th Anniversary celebration for Reason. How important is Reason to the liberty movement in your view?

Reason Foundation has grown tremendously in the past 50 years and now competes with the Cato Institute as the most influential libertarian freedom organization. I’m a big supporter, and they are equally supportive of what we are trying to do. We are delighted to have them co-sponsor many of our events this year. For the first time, they are holding their Reason Media Awards at Freedom Fest at the Saturday night banquet on July 14 rather than in New York.

We are honored to celebrate special years with all the freedom organizations.

Next year we have a theme that will draw a big crowd (I predict): “The Wild West.” July 17-20, 2019, Paris Resort, in Las Vegas. And yes, we are planning a square dance!

What do you think about Freedom Fest? Let us know in the comments. 


Images via the Pixabay.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post Freedom Fest 2018: Cryptocurrency Speakers, Debates, & Growing Interest Among Attendees appeared first on Bitcoin News.

Bitcoin News

Cryptocurrency Games Have Invaded the Most Popular App Stores

June 15, 2018 |

Cryptocurrency Games Have Invaded the Most Popular App Stores

Bitcoin and the vast array of cryptocurrencies within the digital asset economy have become extremely popular these days, and one reflection of this metric is how many games can be found trending on the most popular app stores. There are many games available that allow gamers to create their own virtual mining farms, simulate trading cryptocurrencies, and games that even reward people in micropayments.

Also read: Get Them While You Can Gamers, Graphics Cards Prices Have Crashed

Cryptocurrency Games: Your Chance to Be a Virtual Mining Tycoon and Bitcoin Billionaire

Have you ever wanted to try testing your luck in the cryptocurrency markets, but don’t want to lose real money? Or maybe you’ve contemplated creating a mining empire, but only have enough coin in the bank for a couple measly machines. Well, now people with some imagination and a love for games can find a wide array of gaming apps at Apple’s App Store and Google Play. Not too long ago, there were only one or two cryptocurrency related games like Bitcoin Millionaire on the app stores, but nowadays there’s a ton of different recreational apps where you can do various bitcoin-related things, and some of them even pay out a few cents in crypto if you play them long enough.

Bitcoin Mining Simulator

One fun game called Bitcoin Mining Simulator (BMS) allows you to become a bitcoin mining tycoon. Basically, the mining simulator allows you to purchase virtual rigs in order to mine bitcoins and profit from selling them at market value. The game starts with a few simple machines until you can get enough coins to purchase your own mega farm. Essentially the game created by the developer Aliaksandr Prakarym allows the player to continuously improve the farm in order to get a return on the investment (ROI). The BMS app is also available on both iOS and Google Play.

Cryptocurrency Games Have Invaded the Most Popular App StoresBitcoin Evolution

Bitcoin Evolution is very much like the classic app Bitcoin Millionaire as it allows a person to become filthy rich by earning bitcoins by tapping — And who doesn’t like incessantly tapping their phone? Again, like the many other games that yearn to be original, Bitcoin Evolution starts you off by running your own virtual bitcoin business where you mine coins from your own farm and gather profit by selling them.     

“Invest your virtual mined income thoughtfully and grow your virtual bitcoin firm — Soon you will be the most popular virtual bitcoin capitalist and earn billions with your smart business,” explains the developer, Romit Dodhia.

But be aware that you will face all the problems that a successful merchant needs to go through. And don’t forget to launder your money!

Cryptocurrency Games Have Invaded the Most Popular App Stores

Bitcoin Miner: Clicker Game

The recreational Bitcoin Miner: Clicker Game (BM) is an iOS mining simulator that allows you to earn bitcoins, obtain more computers and luxury automobiles. The game is very much like the aforementioned bitcoin mining simulators above, but with different graphics. BM allows the person to create their own farm and develop it more to profit. “Interested in mining but afraid to try in real life?” asks the development team ‘99 Drones B.V.’ “ Don’t worry — Mine in this game to get a taste for free — It’s time for you to start mining.”

Cryptocurrency Games Have Invaded the Most Popular App Stores

Crypto Rider

Now the game Crypto Rider is funny and original as it’s a two-dimensional racing game where the tracks are the real-life historical price “charts” of popular cryptocurrencies. The racing app featured on Google Play and created by Superfly Games allows racers to collect blocks to unlock nine crypto-themed vehicles. “Fed up of watching all the price dips? Well, now you can ride them,” the developers’ detail.

Compete for the top spot on global leaderboards! Shill your high score to your friends with the sharing feature.

Cryptocurrency Games Have Invaded the Most Popular App Stores

Bitcoin Flip

The iOS trading simulator Bitcoin Flip teaches gamers how to trade cryptocurrencies. The game is good for investors just learning how to trade digital assets. Bitcoin Flip instructs users on how to trade Bitcoin Cash, Nano, Tron, Vechain, Steem, Ethereum, Litecoin, and Dashcoin. The simulation follows real-time cryptocurrency spot prices with a 0.0005-second accuracy. Further, the platform starts players off with $ 5,000 USD to invest in and collect or lose virtual gains. Essentially, Bitcoin Flip gives people a chance to learn how to trade but can also be used for pure amusement.

Cryptocurrency Games Have Invaded the Most Popular App StoresBitcoin Bricks

The Android game Bitcoin Bricks created by Joy Soft is a Tetris-like puzzle game that pays BTC micropayments for every game field filled. Joy Soft says instead of rewarding people with “useless points”, Bitcoin Bricks players get 0,00000001 BTC for every filled row and withdrawals are allowed after a certain threshold. After filling rows and collecting a micropayment, the BTC balance is shown above the game board so people can view how many coins they have earned.

Cryptocurrency Games Have Invaded the Most Popular App Stores

The Blockchain Game

The Blockchain Game is another iOS strategy tournament that involves players building the longest blockchain and winning BTC. Just like Bitcoin Bricks, users add their BTC wallet address and they can begin trying to earn micropayments. The basic concept of the game is stacking blocks in order to create the longest chain. Just like in the real world, the virtual blockchain with the longest concession of blocks gives players a higher reward payout.

Cryptocurrency Games Have Invaded the Most Popular App Stores

Games Can Be Fun and Addictive but Remember Time Is Money

There are so many cryptocurrency and blockchain games these days that this post could go on forever. However, lots of them lack originality and are mere copy-cats of games that simulate mining, or allow players to become a virtual bitcoin billionaire tycoon. The games are definitely amusing if you are a crypto-enthusiast, and some of them are educational, and even payout small amounts of cryptocurrency. Even though some games advertise the rewards as ‘free BTC,’ the incentives are not really ‘free.’ 

One reviewer explains how he spent a whole week playing a ‘free bitcoin game’ app for hours and earned a whopping $ 0.35 cents in BTC. So unless you consider your time as ‘free,’ that description is a bit misleading, but the games can be fun and addicting. So if you want to burn some time, head over to Google Play or Apple’s App Store and search “bitcoin” or “cryptocurrency games,” and you may find yourself losing hours of your life just to earn a 25 cents in crypto. 

What do you think about all the cryptocurrency games in the app stores these days? Have you played any of these games? Are there any fun games we didn’t mention that you like to play? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, the App Store, Google Play, Bitcoin Miner Clicker Game, The Blockchain Game, Bitcoin Bricks, Bitcoin Flip, Crypto Rider, Bitcoin Evolution, and Bitcoin Mining Simulator. 


Need to calculate your bitcoin holdings? Check our tools section. 

The post Cryptocurrency Games Have Invaded the Most Popular App Stores appeared first on Bitcoin News.

Bitcoin News

Censorship of Cryptocurrency Discussions on Reddit Gets Kafkaesque

June 14, 2018 |

Censorship of Cryptocurrency Discussions on Reddit Gets Kafkaesque

The continued censorship of cryptocurrency discussions on some of the larger sub-forums of Reddit has gotten to new levels recently. People are not only getting banned for any comment that might challenge the moderators’ enforced opinions in one forum, but complaints are also silenced in competing forums as well.

Also Read: Company Asks Israeli Authorities Permission to Pay Salaries in Bitcoin

Bans and Censorship

Censorship of Cryptocurrency Discussions on Reddit Gets KafkaesqueAnother redditor was banned from r/bitcoin for no real reason, that’s nothing new. But this case was so ridicules that it caused a massive backlash and exposed the censorship of another subreddit as well. After writing about getting banned from r/bitcoin on r/cryptocurrency, the post got over 3000 upvotes and more than 1000 comments but eventually was censored itself.

And the reason he was banned from r/bitcoin to begin with? Here is what he had to say: “I’m a BTC holder and believer. recently there was a Post in the Bitcoin subreddit about the extremely low fees in the current lightning Network. OP claimed that Bitcoin with lightning has the lowest fees compared to all other alts. While I’m a strong believer in Bitcoin I also dislike the spreading of false claims about the projects I follow either good or bad. So I stated that while Lightning works amazing so far, to claim it has the lowest fees compared to all other alts is factually incorrect.”

What Can Be Done?

Censorship of Cryptocurrency Discussions on Reddit Gets KafkaesqueIf you think that the censorship in any forum is overbearing and will not be changed regardless of how many people will complain, the best thing you can do is vote with your feet and leave for a place that respects your right for free speech. For talking candidly about anything related to bitcoin on Reddit this apparently means joining /r/btc, the subreddit which was created to uphold free speech and now has over 200,000 members.

And beyond just switching subreddits, this might be a good time to start thinking about migrating to other censorship-resistant platforms altogether. After all, the company itself recently shut down Darknet forums, and one can never know what topics will be included in its next crackdown. If you want to check out some on-chain social media solutions, we recently reviewed Memo and Blockpress.

What should social media users do to avoid censorship in discussing bitcoin? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Censorship of Cryptocurrency Discussions on Reddit Gets Kafkaesque appeared first on Bitcoin News.

Bitcoin News

Coinbase Cryptocurrency Index Fund Now Open For Investment

June 13, 2018 |

Coinbase Cryptocurrency Index Fund Now Open For Investment

Coinbase has opened up its index fund for accredited US investors, giving them exposure to all cryptocurrencies listed on its exchange GDAX. The company is now working on “launching more funds which are accessible to all investors and cover a broader range of digital assets.”

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Coinbase Index Fund Launched

Coinbase Cryptocurrency Index Fund Now Open For InvestmentCoinbase, one of the largest cryptocurrency companies, announced on Tuesday, June 12, that Coinbase Index Fund is now open for investment. The San Francisco-based company first unveiled this fund on March 6.

“We’ve seen overwhelming interest from investors since we announced the fund earlier this year,” Reuben Bramanathan, Product Lead of Coinbase Asset Management, wrote. He elaborated:

Coinbase Index Fund gives investors exposure to all assets listed on our exchange, weighted by market capitalization…At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which are accessible to all investors and cover a broader range of digital assets.

The company’s website states that “Our vision is to make index investing in digital assets available to everyone.” Further, the company emphasized that they are “beginning the work required to offer index funds to all US investors,” not just accredited ones, adding that “In the future, we hope to be able to offer index investing to customers in the US and internationally.”

About the Fund

Coinbase Index Fund “is a private fund that seeks to track Coinbase Index (Fixed Supply),” which is a measure of the overall performance of the cryptocurrencies listed on Coinbase’s exchange, GDAX, the company describes.

Coinbase Cryptocurrency Index Fund Now Open For Investment
Coinbase Index composition, which will be rebalanced to add ETC.

The minimum investment amount for the fund is $ 250,000 and the maximum is $ 20 million. The fund’s annual management fee is 2%.

“The assets are weighted by market capitalization. The index level takes into account the ongoing increases in supply of each asset, not just changes in price,” the company noted, adding that the index is “reconstituted each time that a new asset is listed on GDAX,” such as the recent addition of ETC.

The current composition is 61.47% BTC, 27.17% ETH, 8.22% BCH, and 3.14% LTC. The fund will soon be rebalanced to include ETC.

Moreover, Coinbase explained that “Unlike actively managed investment funds,” the fund manager of its index fund “does not actively trade assets, or target a specific allocation for any asset.”

What do you think of Coinbase Index Fund? Let us know in the comments section below.


Images courtesy of Shutterstock and Coinbase.


Need to calculate your bitcoin holdings? Check our tools section.

The post Coinbase Cryptocurrency Index Fund Now Open For Investment appeared first on Bitcoin News.

Bitcoin News

Bitcoin’s price has been manipulated with another cryptocurrency: tether, professor says

June 13, 2018 |

Tether, one of the most-traded cryptocurrencies, shows a pattern of being spent on bitcoin at pivotal moments, helping to drive the world’s first digital asset to a record price in December, according to research by a University of Texas professor known for flagging suspicious activity in the VIX…


L.A. Times – Business

A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9

June 12, 2018 |

A New Cryptocurrency Radio Broadcast Launches on Boston's FM 104.9

Over the past six months, cryptocurrencies have been steadily entering the mainstream world more and more by being featured on billboards, newspapers, radio broadcasts and television shows. Now, this July residents from the New England region will be able to hear a weekly radio broadcast called Cryptomania which aims to educate the masses about the benefits of cryptocurrencies and broadcasts every Saturday on Boston’s FM radio signal 104.9.

Also Read: Canadian Exchanges to Report Transactions Over $ 10k per Proposed Regulations

New England Blockchain Group Launches Cryptomania Radio Broadcast on Boston’s FM 104.9   

Residents from Boston, New Hampshire, and the North Shore will soon be able to tune in to an FM radio broadcast every Saturday that will feature discussions about bitcoin and cryptocurrency solutions. Listeners can set their dials to the FM radio signal 104.9 this July as the Massachusetts-headquartered organization New England Blockchain LLC (NEB) will launch its first show “Cryptomania – Bitcoin & Beyond.”

The show was created by the NEB founder Dana McIntyre who will also host the show with his sidekick Jameson Rust. The two say that the broadcast will feature a “simple and humorist explanation of Bitcoin and Blockchain technology.” The show aims to educate the public and show them how cryptocurrencies operate and detail how easy it is for anyone to purchase a small fraction of bitcoin.

“Hosting the first weekly FM radio show on Cryptos in America is a real honor for us and highlights our commitment to bring relevant, cutting-edge content to our listening audience and the mainstream public,” McIntyre stated this week.

A New Cryptocurrency Radio Broadcast Launches on Boston's FM 104.9
Cryptomania will air every Saturday at 9:30 EDT starting this July on Boston’s FM 104.9.

Every Saturday Two Million North Shore Residents Can Tune In

The show will air every Saturday at 9:30 Eastern Standard and can be listened to in other areas in the world by tuning into Northshore1049.com. The show will have a large audience to entice as the FM radio signal 104.9 reaches areas in southern New Hampshire and North of Boston and Merrimack Valley regions of Massachusetts which accounts for a population of over 2 million residents.

The announcement for the new radio show in Boston follows other mainstream broadcasts announced over the past few months. For instance, news.Bitcoin.com reported on the Youtuber Jason Appleton planning to launch his Crypto Crow Show on “CBS, the CW and Roku to over 47 million homes.” Another example is when the post-cable network Cheddar announced this past March it would be broadcasting a thirty-minute show about cryptocurrencies called Crypto Craze.

Bitcoiners are sure to welcome the new radio broadcast Cryptomania that’s dedicated to teaching people about bitcoin and cryptocurrencies in the Boston region. However, the NEB organization’s upcoming broadcast this July is not the first weekly FM cryptocurrency radio show in the U.S. as the Austin based Crypto Show has been airing on 89.1 FM for years now.

What do you think about a radio broadcast about bitcoin and other cryptocurrencies airing throughout New England’s North Shore region? Let us know what you think about this subject in the comment section below.


Images via Shutterstock and 104.9 FM  


Want a comprehensive list of the top 500 cryptocurrencies and see their prices and overall market valuation? Check out Satoshi Pulse for all that hot market action!

The post A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9 appeared first on Bitcoin News.

Bitcoin News

Cryptocurrency selloff deepens; bitcoin is down more than 50% this year

June 12, 2018 |

The 2018 selloff in cryptocurrencies deepened over the weekend, wiping out about $ 42 billion of market value and extending this year’s slump in bitcoin to more than 50%.

Some observers pinned the latest retreat on an exchange hack in South Korea, while others pointed to lingering concern over a…


L.A. Times – Business