Cryptocurrency

[scooterscot]

He's domiciled in the Thistle.

Don't you forget that.

[scooterscot]

It’s generally a good idea to think about consequences (especially easily predictable) of ones actions.

So no more stupid posts from here on?

[AtW]

So no more stupid posts from here on?

Would be first for me

[scooterscot]

Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product

London-based investment firm ETC Group plans to list a bitcoin-backed security on the German electronic trading market later this month.

The firm announced Tuesday the exchange-traded product (ETP), called the Bitcoin Exchange Traded Crypto (BTCE), is the world’s first centrally cleared derivative crypto asset, and would be listed on Deutsche Borse’s Xetra market based in Frankfurt, Germany.


Central clearing is a tool used in the European derivatives market to bolster stability by ensuring a financial institution takes on counterparty credit-risk. The crypto security is also backed by bitcoin, with each share giving the holder a claim to a specific amount of the cryptocurrency. According to the company, the physical bitcoin would be stored in a cold vault, meaning one not connected to the internet, operated by Palo Alto, Calif.-based custodian BitGo.


“Investors get the benefit of trading and owning bitcoin through a regulated security, while having the option to redeem bitcoin if they choose,” said Bradley Duke, CEO of ETC Group, in a press statement emailed to CoinDesk.


“It really is a hybrid ETP product that has the same features as an ETF [exchange-traded product]. Because it’s a single asset instrument it doesn’t qualify to be an ETF according to the European fund regime,” explained ETC in an emailed statement.

[AtW]

PayPal, Venmo to Roll Out Crypto Buying and Selling: Sources - CoinDesk

[AtW]

What's the latest from the mugs who bought into the hype and acquired "mining" hardware, how is it going now, status report please.

[_V_]

What's the latest from the mugs who bought into the hype and acquired "mining" hardware, how is it going now, status report please.

My understanding is that apart from some of the very largest bitcoin mining farms, the smaller ones are no longer profitable and the hardware is becoming worthless.

A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless | Mining Bitcoin News

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Many of those non-profitable miners transferred their remaining bitcoin to the exchanges over the weekend, suggesting we're about to see a so called 'miner capitulation'.

Who knows...

[DimPrawn]

Many of those non-profitable miners transferred their remaining bitcoin to the exchanges over the weekend, suggesting we're about to see a so called 'miner capitulation'.

Who knows...

You mean you don't know?

What does the Satoshi value tell you? Lambos are forthcoming?

[AtW]

What does the Satoshi value tell you? Lambos are forthcoming?

Hmmmm, a subliminal hint to anybody with a brain?