New SEC Filings Give the Impression US Regulators Approved a Bitcoin Futures ETF

The price of bitcoin jumped over 8% during the last 24 hours after a number of documents stemming from the U.S. Securities and Exchange Commission’s (SEC) web portal indicated that the Proshares Trust exchange-traded fund (ETF) could be listed as soon as next week. Proshares filed a post-effective amended prospectus on Friday that shows the firm’s intention to launch on Monday, October 18 on NYSE Arca. Bitcoin’s Price Spikes as Strong Signals Suggest Bitcoin Futures ETF Could Launch Next Week The crypto community watched the price of bitcoin (BTC) jump…

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South African Regulator ‘Welcomes’ Binance’s Decision to Terminate Certain Services in the Country

A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans. Productive Consultations In a statement, the FSCA suggested that the move by the cryptocurrency exchange came after it held “productive consultations” with the regulator. As previously reported by Bitcoin.com News, Binance announced it was terminating some of its services in South Africa in order to comply with regulations. In its initial warning that prompted Binance to act, the FSCA alleged that the crypto exchange had…

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The Bitcoin Rorschach Test

Bitcoin as an idea can be thought of, like a Rorschach test, as the interpretation of the particular context it presents. TXID: cdd8014a379a8731fc9e9ba1fef8954ccda9e8300356c6f198144dee11bcdd36 Image source We would like to think of ourselves as masters of technology. We are the craftsmen, practitioners and creators. This assumption underpins many of our accepted models for understanding history. It’s a comforting way to view the world, with humanity and its heroes as the authors of our destiny. What is a far more uncomfortable truth is that technology equally creates and influences us, and molds…

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The American Dream Is Dead And Bitcoin Has Replaced It

The American dream of owning a home and financial freedom has been killed by the inequality in our legacy system. But Bitcoin offers a new dream. For decades, home ownership has been the vehicle through which the middle class prospered. Unfortunately, with institutional and foreign investors bidding up home prices and the money printer going brrr, the “American dream” is now out of reach for many. In fact, as of 2017, there were more U.S. households renting than at any point in the previous five decades. It is for this…

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Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations

Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch. Licensed Crypto Companies Register Millions in Turnover, Estonia Gets Little With only around 1.3 million people, Estonia is one of the least populated member states of the European Union and the Eurozone. However, the small nation has become a magnet for a large number of crypto companies attracted by the friendly…

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Bitcoin Education For Indonesia

The Indonesia Bitcoin Conference is a chance to educate Indonesians about a better savings technology. Bitcoin represents a new and open internet standard for hard money. Nowadays, with the increasing awareness about bitcoin’s superior properties, it is increasingly being adopted by global financial institutions as pristine collateral, a longer-term store of value, and unstoppable money. We believe that bitcoin was not formed in a vacuum. Like any other technology, bitcoin was invented to fix problems; in this case, the global economic problem. Indonesia represents the fourth-largest population in the world,…

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Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value

Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian leader assumed crypto could be used to store value one day, too. U.S. Cutting the Branch It’s Sitting on, Putin Says U.S. dollar-denominated settlements are declining and countries are scaling down their dollar reserves, Russian President Vladimir Putin said in an interview with CNBC…

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Quantifying The Bitcoin Supply Shortage

Bitcoin is at the lowest level of float supply in the last four years, since the price increased 21 times in just 12 months. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. When looking at the bitcoin supply, it’s important to consider the state of the float supply, an estimation of the available bitcoin on the market for sale. One way…

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Four Venture Capitalists Just Over-Subscribed Ertha’s Seed Funding Round in One Day

Ertha’s metaverse, built on Binance smart chain, has just concluded a seed funding round. The project has garnered interest from the venture capitals and ended with an oversubscribed seed round which was considered an excellent achievement for the projects’ fundamentals. Ertha has collected funding from 4 venture capitalists. Investors who backed the project seed funding round: Mars4 Terranova X21 Momentum 6 NFTs have been gaining a lot of attention over the current year and have attracted investments from both individuals and institutions. A Little About Ertha Ertha is a game…

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Senator Cynthia Lummis On US Debt Limit Raise: “Thank God For Bitcoin”

The Wyoming Senator delivered a speech saying we’re lucky to have Bitcoin amid governmental irresponsibilities. “Thank God for Bitcoin…that transcends the irresponsibility of governments,” Senator Cynthia Lummis said. Sen. Lummis’ remarks came in response to the Senate’s approval of a bill to increase the U.S. debt limit by $480 billion. “Time and again…presidents of both parties have run up the debt irresponsibly with no plan to address it.” Bitcoin is a blessing of God amid irresponsible policies at the government level, said Senator Cynthia Lummis in a speech to the…

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