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On Tuesday, “Grayscale Investments” (company behind the Bitcoin Investment Trust) announced that four new investment products had been opened by it, through which investors will be provided with exposure to cryptocurrencies in a more acquainted wrapper.

Four New Crypto-Funds

So, let’s enlighten you about the new funds!

After Bitcoin Investment Trust, four latest crypto-funds have been also launched which are; Litecoin Investment Trust, Ripple Investment Trust, Ethereum Investment Trust, and Bitcoin Cash Investment Trust, as each of them will hold positions in single cryptocurrency.

bitcoin investment trust

Managing director of Grayscale Investments, Michael Sonnenshein stated;

“We are thrilled to expand Grayscale’s offerings to meet rising investor demand. Our team is committed to bridging the gap between the global investment community and the digital currency asset class. We remain focused on product creation and will continue to launch more single-asset and diversified products to provide exposure where investors are looking for it.”

Just like other products of Grayscale investments, new trusts like these will be offered in a private placement to the investors, who buy at least $10,000 worth of shares and succumb to a one-year conferring period. Ultimately, it’s expected that the trust sponsor will possibly seek to list these shares on OTC (over-the-counter) platform. If these shares are publicly-quoted, they’ll definitely have a lot more liquidity and through retail brokerage accounts they could be purchased.

Due to its heavy premium on the secondary market, it’s an anathema to many financial analysts, however, the Bitcoin Investment Trust has turned out to be very popular among buyers, and especially among those, who are worried to hold crypto-assets directly and want to gain exposure to the top-cryptocurrency through tax-fortunate retirement accounts.

Preceding to recent stock split of GBTC, it was a move that made the trust even more tempting to retail investors and left the trust among the most-purchased assets on investing app Stockpile, allowing investors to buy small shares of expensive stocks.

Grayscale Trust Offers Eight Investment Products

Overall, different eight cryptocurrency investment products are being offered by Grayscale, including;

  • Ethereum Classic Investment Trust
  • Zcash Investment Trust

Digital Large Cap Fund was launched by Grayscale last month, which is a cryptocurrency index fund, holding market cap-weighted positions in the top five cryptocurrencies. All of these cryptocurrencies are now available in separate funds, which means that when they’d be publicly-quoted, and investors could easily invest in the huge cap fund but, short any of the individual-assets on which they were bearish. Apart from GBTC, these products are available exclusively now, through private placement.

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Bitcoin’s Price Surge and Mining Hobby

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Roque Solis, president of the SoliSYSTEMS corp, never fictionalized that bitcoin mining equipment he credited in February would have already paid for itself and made money as well. SoliSYSTEMS Corp is a company which developed an EMV smart cards for electronic advantage transfer for the federal backing program.

Solis was powerless to ignore bitcoin by attending a number of conferences. So, he decided to do experiment new technology via mining. He wants to get the better handle on the technology, whether this technology has the ability to use in this company or not?

Then, Solis bought a Bitmain Antminer S9 for $2,400.

As a result, he mined 1.01BTC worth $2,584 in Bitcoin wallet, on this weekend. Solis said, “When I bought the miner, the price per bitcoin was around $1,200. I thought I’d break even in one year, but actually, it’s been about five months.”

This gain indicates that individual hobby mining is not profitable anymore. Distinct miners don’t have the capacity to compete with the companies in mining bitcoins. with the $600 below price, electricity and pool fees, a person needs 500 days to break even on miner investment.

Furthermore, the rise in awareness about the mining pool, the price is also getting higher. Solis’s experience shows that hobby miner can break even within few months.

According to the Solis, money’s amount is increased on daily basis with miner’s jump from $7 to $16 freshly.

Price Substances:

According to the Sean Walsh, rising price of the bitcoins motivates the investing behavior of the miners. It is a key process which supports the whole network by safeguarding its ledger. Walsh said, “There are a lot of metrics that actually matter, like the number of people that own at least one bitcoin, but nobody cares about that. It’s just price. It’s the one score that wakes people up, and when The Wall Street Journal and other financial publications write about bitcoin.”

While Google trend shows the similar stories of bitcoin and bitcoin mining. Price factor of the bitcoin is not only the reason of increasing interest hobby mining. According to the Walsh experience, bitcoin transaction fees were stable from last few years, those fees have seen an uptick.

Walsh said, “This has to do with the block size debate, because the network is a bit congested, and people are having to pay more to get their transactions confirmed.”

In past, 100 bitcoins were per day transaction fees. Then this fee reaches to 350 bitcoins a day.

And, by 1,800 bitcoins shaped daily, 350 bitcoins are near to 20% of that. This is a blunt difference, a year ago when 60 bitcoins were paid in fees and 3600 produced on daily basis.

Walsh said. “that’s a huge boot.”

He added, “I don’t know that [increasing transaction fees] are affecting people’s interest in getting into mining. People may not realize why it’s more lucrative to mine bitcoins now, but when they run the numbers, the payback period looks better than it used to.”

New Blood:

He added, “It’s very important for people entering bitcoin mining that they really understand how to calculate their revenue and expenses. They need to make sure their cost basis and operating costs are very low.”

Like, if a junior miner overspends on accommodating servers, then there’s a modification, they are over-leverage.

Bitcoin’s value was down about 20% over the last weeks of June. Walsh said, “normal respiration of an asset class.” So far, others are not experienced in investing process and might be unaware of these fluctuations in bitcoin’s price.

According to the Solis, “it’s all about learning through experience”.  The Antminer S9 is running in Solis’s company’s server room and in the presence of the groups of servers, he is unable to identify how much electricity is used by the miners. Solis says, “It is noisy, though,” and “Compared to the other servers, it’s very noisy.”

It is a machine with two particular boards with fans that rotate at 54,00 – 7000 per minute revolution.  Solis is not the only one person who interesting in bitcoin hobby mining.

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Bitcoin Struggles as Ripple Price Drops Once Again!

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Within the past 24 hours, the price of most of the cryptocurrencies has declined significantly in the global market.

Possible Aspects:

Ripple has once again dropped below the $49 billion region and has achieved a monthly low at $1.28. For many bitcoin investors, $10,000 mark was a psychological threshold, but the $1 mark of Ripple is also considered as a significant threshold that has led the price of Ripple to upsurge by 33-fold within few weeks. The market valuation of Ripple could possibly decrease further if the price of XRP or Ripple couldn’t withstand itself above $1. Also, Bitcoin struggles to maintain the gains that it recorded on January 25, although it has shown a 3% decrease in the price and is currently trading at $11,153.

Ripple has a huge following in the South Korean market and the extensive day by day exchanging volumes of XRP on UpBit and Bithumb, two of the country’s major cryptocurrency money exchanging platforms, it is almost impossible that the market valuation of Ripple would fall beneath $40 billion.

bitcoin struggles

Currently, the market cap of Ripple is not as much as half of Ethereum’s. Also, it is not expected that the market cap of Ripple would fall below the current levels unless something unexpected happens within a short period of time.

Ethereum’s native cryptocurrency Ether (with EOS) has recorded the lowest losses from the major cryptocurrencies, demonstrating a minor 2% decrease in market valuation.

The tenth most important and valuable cryptocurrency in the market NEM has experienced a startling 16% decrease in its price. The unexpected drop in the value of NEM was said to be set off by a possible security breach which occurred on a leading Japanese cryptocurrency exchange, CoinCheck.

Local Japanese media released reports on January 26, that all Japanese yen withdrawal and cash outs have been disabled by CoinCheck due to suspicious transactions. Also, some unverified reports as well claimed that $500 million worth of NEM was withdrawn from CoinCheck and it’s still unclear whether it was a group of users or a hacker that stole NEM from the exchange.

The cryptocurrency community is eagerly predicting an official statement from CoinCheck, however, it has not been confirmed yet if the exchange was hacked or not.

An abrupt flow of $500 million from a Japanese cryptocurrency exchange could have caused the market to fall. Many investors have suggested that another reason could be the closing of bitcoin upcoming contracts on CME Group, and institutional investors selling huge amounts of bitcoin to deliberately bring down the currency’s price to cash out short contracts.

Shorting of bitcoin and whales selling the digital currency to cash out short contracts could have persuasively contributed to the decrease in the market cap of bitcoin, and because bitcoin is considered as the reserve currency of the market, it looks clear that the rest of the cryptocurrency market fell with it as well.

Trend:

US-based residents are looking for tax returns and South Korean investors are anticipating the January 31 cryptocurrency exchange recommencement date; the global cryptocurrency market would probably improve instantly within the month February.

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Bitcoin Returns Tim Draper Over $110 Million From A 2014 Investment

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Bitcoin news today: In an interview in 2014, financial specialist Tim Draper anticipated the bitcoin cost to surpass $10,000 in three years. At the time of writing, the bitcoin cost is at $9839.22 and is in transit of achieving $10,000 before the finish of 2017.

Since 2014, Draper has been a standout amongst the most dynamic investors in the cryptographic money. During the previous three years, Draper has supported both local and global bitcoin organizations, including a $1.6 billion bitcoin brokerage and wallet platform CoinBase, and $160 million South Korean crypto exchange Korbit.

Three years ago, after taking part in different auctions to buy groups of a huge number of bitcoin, Tim Draper Bitcoin concentrated on building the important framework for the bitcoin market to thrive and develop at an exponential rate. His interest in organizations like CoinBase and Korbit played a key factor in the quick development of the US and South Korean bitcoin markets, the second and third biggest bitcoin markets behind Japan.

Apart from the $120 million benefit which he secured from his bitcoin investment of 30,000 BTC in 2014, Draper has been a standout amongst the investors in the bitcoin and digital money division in the course of recent years, finding monstrous success in both direct bitcoin investment and venture capital funding of bitcoin startups.

Draper firmly believes in bitcoin becoming the global currency by replacing the fiat in next few years. As he said in 2014:

“I’m extremely excited for bitcoin and what it can do to improve the world. Bitcoin is similar to traditional currency what internet was for information and communication. Everyone should go out and purchase a bitcoin. Everyone should at least be partially involved in bitcoin because of the fact that it’s a support against the various monetary standards. There’s an entire system being assembled that will make business significantly less demanding with considerably less friction and more secure.”

Bitcoin In 2018:

All through 2017, the market valuation of bitcoin expanded from $10 billion to $160 billion only through the general buyers and easygoing investors. Billions of dollars in institutional cash from flexible investments like Man Group and Fidelity will trigger another surge in the cost of bitcoin for the time being.

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CapitalWave, Inc. Announces Launch of The Blockchain Academy – Blockchain Programs for Corporation’s & Developers.

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NEW YORK – April 25, 2017 – CapitalWave, Inc., a leading global provider designed to deliver highly engaging training for the financial markets, announced the official launch of The Blockchain Academy, a new institution offering online video training courses to professionals seeking to have a greater understanding of the impact of blockchain and its most famous use-case Bitcoin.

The Blockchain Academy offers progressive courses to increase the understanding of someone fresh to the blockchain network. It includes everything, from foundation to immersive courses that provide a thorough understanding of each aspect of the technology. Blockchain Academy prepares businesses to reach their internal targets and better serve their employees and customers.

Blockchain Academy courses prepare students to:

  • Understand the disruptive impact of blockchain
  • Learn how Bitcoin, mining, and cryptocurrencies work
  • Get a deep and thorough understanding of the concepts that underpin how blockchain works.
  • Discover where this technology is headed and the changes this will mean.
  • Understand the basics of virtual currencies, with a focus on adoption and use within the financial sector.

Current Blockchain Academy Courses

  • The Blockchain Foundations
  • Blockchain Intensive I: Bitcoin and Blockchain
  • Blockchain Intensive II: The Financial Sector

 

“We anticipated the need for alternative eLearning solutions to serve both large and small businesses with an easier, more efficient process,” said Bryant Nielson, the Executive Director of both CapitalWave and The Blockchain Academy. “The needs of companies are constantly evolving and we have successfully expanded our training course offerings to meet and exceed these demands.”

 

Each course is designed to provide companies the edge in understanding FinTech by learning online with engaging, self-paced e-Learning modules. Being one of the first learning organizations to provide a truly dynamic educational simulation training platforms.  Their goal is to be the preeminent provider of training platforms, financial simulation and competitions for the Corporate and University markets.

 

About CapitalWave Inc.

With offices in New York and London, CapitalWave is a leading global provider of financial training solutions in the capital & wealth markets. In addition to delivering courses in Equity Fundamentals, Fixed Income programs, Investment Management, Investment Banking, Forex, Commodities & Energy, Wealth Management, Risk Management, Asset & Liability Management, CFA programs and more.  The company’s headquarters in New York.

 

For more information, please visit: http://www.capitalwave.com or www.TheBlockchainAcademy.com

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ICO Promotion by John McAfee – How much will it cost?

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Do you know how much it cost to get a crypto influencer for your ICO promotion on social media platforms? Here’s the surprising answer!

ICO (Initial Coin Offering) operators don’t really like to disclose the amount they are spending on marketing, although promoters usually prefer to delay discussions related to prices ’til after they’ve had the chance to make a sales pitch as précised figures are hardly discussed in public. However, John McAfee (cybersecurity pioneer) has spent all his life resisting convention, and now he is operating an ICO marketing service, McAfee Crypto Team.

ico marketing service

Company’s Official Statement

According to the official site of the company, McAfee Crypto team is a full-service ICO promoter as it offers:

  • Whitepaper support
  • Web optimization
  • Marketing
  • Strategic advice

The cost for many of the services is not listed; however, clients will have to pay $105,000 to get McAfee tweet about their ICO, which will be sent to its 811,000 followers, at least few of them will be probably bots.

According to the website:

“John McAfee’s tweets are by far the most influential in the field of cryptocurrency. Few leaders in the Crypto community can come close to Mr McAfee’s reach into the heart of the cryptocurrency investor community.”

Dubious Claims by McAfee Crypto Team

Furthermore, the website makes suspicious claim that this is one of the most inexpensive ways of marketing a cryptocurrency project. The site also claims:

“Given Mr McAfee’s price of $105,000 per tweet, the cost per investor reached is the least costly of any marketing avenue in the Crypto world. Considering only his own followers, the cost per investor reached is $0.13. Considering his reach beyond his own followers, the cost per investor reached is frequently less than a penny. This is orders of magnitude less than any other approach.”

Even with the heavy price tag, the company still claims that so many projects are showing their interest that now the company has to establish a $750 registration fee to stop staff from being dazed with applications. While responding to opponents, McAfee refused to accept that he has sold out and stated:

“They say I sold out ’cause I use my tweets to promote, but the last 200 ICOs that lined up, we rejected 195 and chose 5.”

He added, he promotes only those projects that he believes in as he tweeted:

“I only promote what I believe.”

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