📌 CBOE Tries Bitcoin ETF (Again), GRIN Frowns, and Perished Passwords

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Abra’s Blockchain App to Let Users Invest in Stocks, ETFs

Big news, folks. Abra, the popular digital wallet provider, just announced early registration for a neat offering that will allow investors across 155 countries the ability to invest in traditional US stocks, bonds and ETFs using BTC.

During this beta phase so to speak, the new exchange will offer access to assets like Facebook (FB), Amazon (AMZN), and Apple (AAPL)… alongside commodities, ETF’s, and indexes. Additionally, users will be able to invest in up to 30 different crypto assets.

The service is also directly aimed at crypto users who are located in regions where it may difficult to invest in stocks due to unaccessible brokerage accounts.

Oh, and did we mention there were no fees, as well?

 

Crypto Exchange Says it Can’t Repay $145 Million to Clients After Founder Dies With Only Password

The CEO of a Canadian exchange (allegedly?) croaked a couple months ago WITHOUT telling anyone the private keys to, wait for it, $145M worth of crypto assets. Making matters worse, he was the only individual who had access to these “cold wallet reserves.”

Currently these funds are considered completely lost, leaving room for crypto Twitter, investigators, and enthusiasts alike to start making assumptions.

The popular narrative circling around is that this could be nothing but a well-orchestrated exit scam.

TL;DR: This story is still being dissected from all directions. There’s lots of drama. Tons of money. And a whole lotta conspiracy.

The latest update comes from Bloomberg, reporting that the founder filed a will 12 days before he passed.

 

🏛️ CBOE Resubmits the VanEck/SolidX Bitcoin ETF Proposal for SEC Approval

The race is back on to launch the first U.S. Bitcoin ETF, after CBOE resubmitted its joint proposal with VanEck and SolidX late last week.

Two weeks ago, we talked about how the original proposal was pulled because it likely faced rejection after ongoing talks with regulators (not to mention the government shutdown that wasn’t helping anyone on the matter).

When will the final decision be made now? Well, it’s hard to tell. The first proposal deadline was February 27th. Now that it’s been resubmitted, this new deadline date will likely be around early October – giving regulators plenty of time (roughly 8 more months) to dwell over BTC market manipulation, ethics, and all that jazz. This is probably a good thing.

 

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Bull Market Becoming Dangerous?

Is this bull market REALLY almost over?

Some investors certainly think so, after pulling $46 billion out of stocks in just one week – an all-time record high.

Other experts advise: “This is a buying opportunity.”

Who are you to believe?

I’ve asked some of the smartest investment minds to join me for a 2019 Bull vs. Bear Summit… to share their take on recent market events, and what you can expect from stocks this year.

You’ll hear former hedge fund managers tell you what they are personally doing with their own money right now… along with a unique technique that could have a huge impact on your investment gains in 2019.

This event is 100% free to attend. To sign up right now, simply click here.

 

DEEP DIVE


😔 GRIN: Early Disappointments?

The widely talked about Grin community was faced with an alarming discernment from one of its lead developers last week. The issue lies behind members not wanting to donate to the development team to work on the project full-time (Grin is a community funded model).

Our friend Nathaniel Whittemore kindly broke down the challenge from multiple perspectives. (For the record, this specific campaign ended up getting fully funded, but the long-term issue is still clearly at hand).

 

Why Blockchain Differs From Traditional Technology Life Cycles

As Mark Twain famously said, “History doesn’t repeat itself, but it does rhyme.”

We’ve all heard the 2001 internet bubble/ crypto bear market comparison before. A quick visit back to that theme would leave one to assume that last year’s bubble exactly mirrors what happened in 2001, with a “turning point” just on the horizon. But as Daniel Heyman of Consensys contrarily points out, this thought process would be a mistake.

Here’s a wonderfully written essay that covers some interesting differences between the two market-craze corrections… explaining why another bubble is likely and what the blockchain space should now focus on instead.

 

DApp Survey Results 2019

Fluence just published a research report that takes a deep dive into the decentralized application (dApp) ecosystem.

Two things stick out:

  1. About half of the dApp developers are using a centralized cloud backend or centralized tools like Infura
  2. While dApps have certainly improved, the number of users are evidently lacking and the user experience is still pretty rough

 

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War on Marijuana is Ending… Penny Pot Stocks Surge

The $100 billion marijuana industry is dominated by penny stocks…

With legalization sweeping the country, these penny stocks have already begun skyrocketing in price…

Take action and you have a once-in-a-generation opportunity to turn a tiny into life changing returns.

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REGULATORY FRONT


🇮🇳 The Indian Government is Worried that Cryptocurrencies May Destabilize the Rupee

From money laundering to terror financing, the risks associated with cryptocurrencies are well known. But a high-level panel tasked with drafting rules for India’s virtual currency ecosystem is now obsessed with its impact on this less-explored area.

 

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