Crypto Wallets

In principle, all cryptocurrencies are stored in so-called „wallets“. These can exist on your computer, your phone, a specialized piece of hardware, a piece of paper or simply in your memory – yes, really. In principle, wallets can be compared to traditional wallets or bank accounts: In a sense, they contain the amount of (crypto) currencies that belong to his address, even if these are only virtual.

Wallets with public and private keys

Setting up a wallet and using it to send or receive payments is very simple, but extreme care must always be taken with regard to security. The public-key encryption procedure forms the technical basis for the security of wallets. Each wallet always consists of a secret key („private key„) and a public key („public key„).

The public key can be accessed by anyone and is comparable to an account number or IBAN of the Wallet. It is therefore used to receive cryptocurrencies.

The secret key, however, must always be kept secret and it is technically practically impossible to calculate it from its public key partner. It is therefore used to send cryptocurrencies and signs every transaction you make. This key is therefore ultimately used to verify the Wallet’s ownership: if you lose access to a Wallet, the secret key is the only way to reliably regain access to the coins it contains.

Without the corresponding secret key, a public key and thus the wallet becomes a bottomless pit, since the account balance can be checked and new coins can be deposited, but the coins are not available. The coins of a wallet are simply lost without the appropriate private key. Therefore, both the public and private keys should always be stored/backed up together in a secure place (ideally offline) and protected from unauthorized access (e.g. on a hard disk or USB stick).

Deterministic Wallets (Seeds)

Some wallets also work with „seeds“ – a series of seemingly random words as a kind of memory aid. In reality, however, these seeds are the human-readable form of a root key. An exact sequence of exact words can thus always be converted algorithmically to an identical key. However, the resulting root key does not function as an alternative to the two keys described above, but rather serves much more to generate, derive or restore them.

Wallets using such seeds are commonly referred to as „deterministic“. This makes it theoretically possible to store a wallet only in one’s own memory by memorizing the seed, since the private key of each address that has ever been generated can be calculated from the root key. And this root key can in turn be calculated by the seed.

Advantages Of Cryptocurrencies

Open Systems

The most important advantage of cryptocurrencies like Bitcoin is probably the openness with which the system meets its users: In order to use cryptocurrencies, only an appropriate program (the so-called „client“) is required, which must be installed on your own computer. Read More

Disadvantages Of Cryptocurrencies

Dependence on technical aids

The use of P2P digital currency is not possible without technical tools, as each transaction requires a computer/smartphone with client software and Internet access installed on it. In addition, the software dependency means that security updates for all clients may become necessary due to errors in the software or the cryptographic algorithms behind the cryptocurrencies – these updates from millions of computers would inevitably cause a complete interruption of the system during which no transactions could take place – hard to imagine in a global economic system. Read More

Starting With Cryptocurrencies

Prices are rising, the media is hyping and cryptocurrencies are on everyone’s lips. This is why we offer a crash course introduction and instructions below, with which responsible investments in cryptocurrencies can be made as quickly as possible in five steps, without having to deal with the subject too intensively.
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Bitcoin price rises again

The price of Bitcoin has regained the $10,000 mark and it will most likely stay above it. Meanwhile in the discussion about digital money there are not only warning voices.

The digital currency Bitcoin has risen significantly on Thursday and has crossed the $10,000 mark. In the afternoon, the price on the Bitstamp trading platform climbed to 10,484 dollars. Before the rapid rise it had been traded at 9280 dollars.

„For the sudden price jump, the dissolution of numerous short positions could be detected,“ commented Timo Emden, analyst at Emden Research. Investors speculate on falling prices with short positions. On Tuesday and Wednesday, the American Senate’s scepticism about the planned Facebook currency Libra caused prices to collapse. On Wednesday, the Bitcon reached 9050 dollars, its lowest level since mid-June.

„Bargain hunters could now push the upward rally,“ writes Emden. But it could also only be a technical counter-movement. The danger of larger setbacks remains. It is this volatility that causes skepticism among stability-oriented investors. Because the price of the Bitcoin fluctuates often and strongly, it is not suitable the Cyberdevise as a value store.

Weidmann pleads for cautious handling of digital money

Despite all scepticism, digital currencies such as Bitcoin have benefited from the plans published in June by the social network Facebook, which wants to establish its own currency called Libra by 2020. Following the publication of these plans, the Bitcoin exchange rate rose to more than 12,000 dollars – the highest level of the year.

Politicians, central bankers and financial supervisors have so far expressed skepticism or concern about Libra. Jens Weidmann, President of the Bundesbank, is also in favour of a cautious approach to digital money, but sees potential advantages for consumers in all risks. „There is no reason for alarmism, but for vigilance,“ Weidmann said at the meeting of the finance ministers of the G7 states in Chantilly, France.

  • According to Weidmann, digital currencies such as Libra could in particular facilitate cross-border payments, which are currently often still very expensive for consumers.
  • Facebook wants to protect Libra from extreme fluctuations in value by linking the cyber currency to other major currencies.

Study: CO2 emissions of Bitcoin mining over that of Jordan

The mining of the crypto currency Bitcoin should provide according to a study of three scientists of the TU Munich for an annual output of 22 to 22.9 million tons of carbon dioxide (CO2). The emission lies between that of Jordan and Sri Lanka or for instance a large city in a highly developed industrial country such as Hamburg. This is based on an energy consumption of 45.8 trillion watt hours per year, as determined by the researchers in November 2018.

Bitcoin mining is the mechanism with which the decentralized network of the crypto currency processes transactions. Bitcoin is said to be the future of all currencies. The transactions are entered into checksum-protected blocks of the distributed database Blockchain – and the right to create a new block is distributed through a hash puzzle in which computers worldwide can participate. Anyone who successfully propagates the next block with a valid hash value to the network can currently earn a reward of 12.5 bit coins for doing so. So the creation of new money is done at the same time. The reward is halved at regular intervals until the defined money supply of 21 million Bitcoin is reached.

The armor spiral of mining

In addition, the difficulty of the calculation also adapts to the computing power gathered for mining approximately every 14 days. In recent years, this has been a real arms race for mining hardware – from CPUs and GPUs to FPGAs and currently ASIC-based mining computers, which are rapidly becoming obsolete thanks to ever more efficient generations. Hashing performance, difficulty of the puzzle and therefore the hunger for energy have increased considerably. Mining is only worthwhile on a large scale in a data center or in a computer network called a mining pool.

  1. An overview of the power consumption and environmental impact of the Bitcoin is of course desirable in order to be able to discuss the costs and benefits of crypto money objectively.
  2. This is exactly what the researchers want to contribute with their study published in the journal Joule.
  3. The problem with such studies is however: Where the Miner sit, which devices supply the achievement and from which source they receive river for it, that knows nobody so exactly.

Who mines where and with what?

Only estimation methods remain here: Among other things, the research team consulted documents submitted by hardware manufacturers Bitmain, Ebang and Canaan for IPOs in order to determine market shares and thus draw conclusions about the hardware used. In order to estimate how much mining is done on a large or small scale, the distribution statistics in the large mining pools such as Slushpool were examined. About two thirds of the power probably came from large mining farms, where factors such as cooling were also included in the calculation of energy demand.

For the question in which countries the miners could be located, the research team accessed IP addresses. These came from mining pool servers, active mining computers and nodes in the Bitcoin network, which first propagated new blocks. According to the pool analysis, 68 percent of the mining capacity is likely to come from Asia, especially China. 17 percent came from Europe, 15 percent from North America. The determination of ASIC miners via the IoT search engine Shodan, on the other hand, produced around 2200 Bitmain computers, 19 percent of which were distributed in the USA, 16 percent in Venezuela and only 4 percent in China.

Alternatives to mining

Nevertheless, the researchers finally calculated a CO2 footprint on the basis of the electricity mix in the more or less certain home countries. In China, for example, it was also taken into account that about half of the miners in the hydropower-rich south prospect, the other half in the more coal-fired north. „The CO2 equivalent of Bitcoin is thus between 82 and 83 in the list of global emitters,“ explains Christian Stoll, one of the authors of the study. „Even if there are more important factors for climate change: The CO2 footprint is so large that it provides enough reason to discuss the regulation of crypto-mining at sites with CO2-intensive electricity production,“ Stoll said.

Stoll calls for mining facilities to be relocated, especially in areas where there is sufficient electricity from renewable sources. Another approach would be to replace proof-of-work in mining with another mechanism. The second major crypto currency, Ethereum, has taken up this cause, and the direct use of crypto money is intended to replace the work of the miners (proof-of-stake). But the introduction of the procedure has already been postponed several times. And in the Bitcoin scene this debate does not play a major role, probably also because it is contrary to the economic interests of the miners.

Bitcoin consolidates after jump over $9,000

The Bitcoin share surpassed the $9,000 mark yesterday and reached a new year high of $9,008.31. The joy did not last long, however, because overnight the price briefly returned to the 8,200 dollar range. However, the strong performance since the beginning of the month can hardly dampen this.

In the course of the morning the Bitcoin could limit the losses to around five percent and is currently quoted at around 8,300 dollars. Since May 1, the share price has risen by around 56 percent. This means that the crypto currency is just before the fourth month with rising prices in a row – it would be the longest profit series since mid-2017. Since the beginning of February, the price has risen by more than 140 percent.

In view of this performance, THE SHAREHOLDER had repeatedly pointed out that interim profit-taking is quite normal and no reason for panic. From a chart technical point of view, both the horizontal support in the 8,000 dollar range and the medium-term uptrend line remains unchanged bullish. The short- and medium-term with it – five-digit courses moved according to estimate of the SHAREHOLDER again into seizable proximity.

Seasonal factors could provide additional support, because historically June is a good month for the Bitcoin: In the past seven years the Bitcoin has made five gains in June, only twice the price fell on a monthly basis.

Altcoins also weak

Similar to the leading crypto currency Bitcoin, most of the old coins are also trading clearly negative on Friday. This is to be explained primarily with profit taking and the generally weak total market before the weekend.

In the Top 10 after market capitalization Bitcoin SV loses the most violently with over 15 per cent minus – before the price had increased however above average strongly. New rumours that Craig Wright, the head of Bitcoin SV, hides behind the pseudonym Satoshi Nakamoto, caused the share price to rise by up to 150 percent within a few days. The SHAREHOLDER advises however not to take this statement too seriously.

  1. In the wake of the Bitcoin also the share of the Bitcoin Group loses approximately four per cent, after it had marked at the beginning of the week with 45.40 euro likewise a new yearly high.
  2. The large correlation between the Bitcoin and the share of the operator of the commercial platform is sufficiently well-known – therefore today’s losses are no large surprise.

Controversial SEC meeting

Today, Friday, the crypto scene is looking forward to Washington, D.C., where the US Securities and Exchange Commission (SEC) has for the first time invited to the „FinTech Forum„. The focus of the event will be on the exchange of information on topics related to digital assets and distributed ledger technology.

While many crypto enthusiasts see the meeting of industry experts and representatives of the regulatory authority as an opportunity for regulatory convergence, crypto companies and start-ups in particular criticized the unclear and sometimes contradictory rules of the authority in advance. The fact that there are hardly any representatives of crypto companies among the speakers at the event does not make things any better from their point of view.

How Fibonacci Retracements Work

Fibonacci Retracements William Delbert Gann (1878-1955) was probably the first trader to use the Fibonacci numerical ratios. The Fibonacci number sequence is common in nature. Each Fibonacci number is equal to the sum of the two preceding Fibonacci numbers. This series of numbers becomes immensely large in a short time.

I would like to emphasize at the beginning that this is one of the most controversial analysis tools that technical analysis has to offer. Nevertheless, it is popular with day traders for certain reasons.

Success is not statistically verifiable. Nevertheless, day traders like to count on the Fibonacci numbers 38.20 and 61.80 percent for retracements, which in itself should suffice as a self-fulfilling prophecy.

If many market participants follow a rule, then we don’t care if it can be scientifically fathomed. The main thing is that it can be worked with.

Calculation of the Fibonacci Retracements

Each Fibonacci number is the sum of the two previous Fibonacci numbers. We start with 0, which results in the following series of numbers: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144… It gets exciting when we consider the ratio of all Fibonacci numbers to each other. This is true for all numbers:

The division of a number by the following number results in a result close to 0.618 with increasing values.

The division of a number of this series by the number preceding it results in a value close to 1.618.

Division of a number in the series by the number following by two digits gives a value close to 0.382.

The two ratios of one number to the next higher (0.618) and the number to the respective lower (1.618) are also known as „golden ratio“ or „golden mean“ and can be found not only in mathematics, but also in music, art, architecture and biology.

The higher the numbers, the closer the result is to this ratio. The percentages 38%, 50% and 62% result from the ratios of these numbers to each other. As it turns out, these values almost coincide with the Gann numbers: 3/8 (37.5 %), 4/8 (50 %) and 5/8 (62.5 %). Gann used these numbers constantly for his chart calculations.

These numbers became particularly popular in the 1920s, when the scientist Ralph Nelson Elliott explained the Fibonacci ratios in his work „Nature´s Law“. Elliot made them the basis of his Elliott wave theory. The sequences of numbers can be applied to course distances and angles. Analysis programs draw them in according to the specification of extreme points.

The rule of thumb is: The maximum correction of a market movement should not exceed the 61.80 percent line. If the correction only reaches 38.20 percent, then it is highly probable that the market will not reverse its trend, but return to its overriding trend.

The correction in the market or in the stock is then very likely complete. In addition, support and resistance lines in the form of the moving averages MA38 or MA50 should be used for an investment decision. Stochastics and Moving Average Convergence Divergence can provide other valuable services and help to improve timing.

These methods can be also used for trading bitcoin. In the recent month this cryptocurrency has become very popular amongst traders. Read more about bitcoin at

Determination of the Correction Target

For example, to set the price target for a return of 38.20%, the start and end of a trend is set. Then the distance covered is measured in points. With the help of the Fibonacci tool of a good chart tool, measuring is child’s play and self-explanatory.

Fibonacci tool

The Phenomenon of Fibonacci Retracement occurs frequently

All you have to do is orient yourself to the last significant low and high and then measure the distance between these two points. First calculate 38% of this distance from the last pivot point and then look for a turnaround at this point. If this does not happen, go to 4/8 (50%) and finally to 5/8 (62%).

It should be mentioned that the 50% retracement is the most common. This is followed by the 38% retracement and finally by the 62% retracement. It follows that you should always calculate with a 50% retracement, but should also be prepared for a 38% or 62% retracement.

As a rule of thumb, you should open a position with a 50% retracement and close it again with a 38% retracement. This serves to secure profits at the next retracement point. If we wait until the 50% retracement, it may already be too late.

These methods work particularly well in stocks but also cryptocurrencies. The technique should work well in any reasonably liquid market.

Bitcoin Casinos – Gambling with crypto money

Be it the invention of printing, the introduction of radio and television or the last great revolution, the Internet. This has always changed the form and nature of social interactions. With the creation of the Bitcoins, the next big change is taking place right under the eyes of billions of people and this time it is even about money.

Casinos online are always on the lookout for a secure and, above all, inexpensive payment transaction. Because that lowers the costs and gives us players the degree of freedom to decide what we value.

All this offer these new crypto currencies and still much more and are therefore responsible for it, why so-called Bitcoin Casinos shoot like mushrooms from the soil. What there is, however, for us players to consider, so that out of euphoria at the end no bad awakening follows, you learn here on this side.

Bitcoins is by far the best known representative of crypto currencies. In the meantime, countless online shops and even classic shops in the cities offer these cashless payment transactions. No wonder, then, that more and more virtual arcades are jumping on the bandwagon and declaring themselves Bitcoin Casinos. It is getting bigger and bigger in many spanish speaking countries too, as you can read at this website.

What types of Bitcoin casinos are there?

Bitcoin casinos usually differ in two different ways. One of them is the pure Bitcoin Casino, which does not accept any other means of payment other than the crypto currency. Without appropriate client software and the Bitcoin Wallet connected with it nothing runs here at all. All deposits and withdrawals are only processed via this special system. So here you cannot use some of the most common payment methods from online casinos and are bound to the full extent to the use of Bitcoins. The big advantage of these pure Bitcoin casinos for us players is that there are almost never any fees for transactions, as these are almost always taken over by the Internet casino due to the low prices. Also, no fees are charged on transactions here, for example to subsidize another form of payment, such as credit card. Another advantage is the usually very fast processing of all deposits and withdrawals. These last in the rules, provided that in the Bitcoin Casino no complex examinations delay the whole, only few minutes or maximally a few hours.

In pure Bitcoin casinos all monetary values, from the online casino bonus over the own assets, up to the bets and win at the slot machines only in the crypto currency are indicated. Especially when we as players venture into the world of Bitcoin casinos for the first time, the exact value of the offered casino bonuses should be converted into our own local currency. This will give us a feeling for the real value of the Bitcoins over time.

The Bitcoin Bonus – the still unknown creature in online casinos

The increasing acceptance of Bitcoins in online shops, donation sites and by governments of individual countries has also significantly increased the number of Bitcon casinos in the last two years. This naturally leads to the question of whether we players will find a very special Bitcoin bonus here. And the answer is simple. Of course, this form of online casino is now available in every good virtual arcade that accepts this form of payment. And just as there is the casino bonus in all possible variants, so the Bitcoin bonus is also available in almost all known forms. Most important is the welcome bonus, which works here in the Bitcoin Casino just like the well-known original with any other currency. For us gamblers there are unique or staggered welcome bonuses in Bitcoins, even a mixture with free spins is no longer a rarity. Due to the fact that the crypto currency is treated in the same way as any other form of money in online casinos, players can also expect a lot of realod bonuses. In addition, there are cashbacks, bonus codes and other small gifts, all of which as Bitcoin bonuses should make gambling as pleasant as possible. There are also no stumbling blocks in the bonus terms that will get in our way. However, it is important that all rules are read beforehand so that there is no bad awakening later and any winnings achieved can be paid out without hesitation. The bonus conditions in a Bitcoin casino should also be fair and offer them sufficient opportunity to fulfill the turnover and time window.

The majority are hybrid Bitcoin casinos

While the virtual gambling halls, which only accept the crypto currency as the sole means of payment, are still quite modest in their number, the number of hybrid Bitcoin casinos has increased by leaps and bounds. As the name suggests. These are online casinos that allow Bitcoins for transactions. And so all forms of the welcome bonus can be found here in the usual form as well as in the crypto currency. Due to the offer of both forms, the actual value of the two bonuses can also be compared here excellently.

  • Depending on the exchange rate between the crypto currency and the local currency, which is sometimes subject to strong fluctuations, we players get more or less real value for the Bitcoin bonus.
  • Another big advantage of hybrids is that we can decide for ourselves whether we prefer to gamble with Bitcoins or other funds.
  • This also gives us more flexibility in the choice of payment options when we sign up here.
  • In terms of bonus terms, a hybrid Bitcoin casino does not differentiate between the payment methods you choose, so the same rules apply to everyone.

BitMEX Experience

It is no longer a secret that BTC is a great investment asset, as you can read at for example. On Bitmex crypto currencies are not traded directly but contracts. All contracts are traded against Bitcoin, so you have to send Bitcoins to Bitmex first. The platform is particularly popular with experienced traders, as crypto currencies can be traded with a maximum leverage of 1:100. The prices can also be shortened. So you can also bet on falling rates.

Sometimes more than 40% of Bitcoin trading takes place on Bitmex. At the end of my experience report you’ll also find a video in which I briefly explain the platform and give instructions on how to trade on Bitmex. If you use the link to Bitmex you save 10% of the trading fees in the first 6 months.

Crypto currencies for trading

It is important to understand that crypto currencies are not traded directly on Bitmex. So if you buy on Bitmex Cardano or TRON, you cannot withdraw your credit. Rather you buy contracts from the crypto currencies. These run either for a certain time or expire sometime. On Bitmex, contracts are traded for the following crypto currencies: Bitcoin, Bitcoin Cash, EOS, Ethereum, Litecoin, TRON Ripple.

Login and Registration

Registering with Bitmex is very easy. No KYC (Know-Your-Customer) procedure is required. All you need to do is enter your name, email address and country of origin and then you can trade millions of crypto currencies.

Register with Bitmex

With my link you also save 10% of the trading fees in the first 6 months.

  • Types of contracts (Contracts)
  • When you log in to Bitmex you will see the following dashboard.
  • Bitmex Dashboard

Under the tabs with the different crypto currencies you can see the different contracts that are traded on Bitmex. These contracts are divided up as follows:

Perpetuals: This contract is most comparable to the normal trading of crypto currencies. It is basically a futures contract that has no expiry date. So you can hold this contract indefinitely. However, you pay a fee every 8 hours. This depends on whether you are long or short and what the other traders do. Theoretically you could also get money to hold the contract if the market disagrees. As you can see, with a perpetual you can also bet on a falling price („shorten“).

Future Contracts: These are contracts with a fixed term. The contract can expire either at the end of the month, at the end of the next month or at the end of the year. The decisive factor is the fixed price. You can either buy the contract (long go) or you shorted it, then you are of the opinion that the price will be below the fixed expiration price.

Bitcoin UP or Down Contracts: These are contracts made specifically for a market rally. Investors pay a premium to purchase the contracts. These have a limited duration. Differently than with the Perpetuals there is however no danger to be liquidated, if you act with a too high lever. The investor can therefore participate in a market rally until the contract expires.

Margin Trading

The special thing about Bitmex is that investors can trade with one lever. Bitcoin, for example, can trade with a maximum leverage of 1:100 and Ethereum with a maximum leverage of 1:50. However, this does not mean that you should fully exploit the levers. Because at a leverage of 1:100 you would already be liquidated and lose your entire stake if the price falls by only 1% (assuming you are long).

Personally I trade mostly with a leverage of 1:3 but always depending on the market situation. Margin trading also has the advantage that you don’t have to send your entire balance to the Exchange to trade. Assuming you want to trade 1 bit coin, you only have to send 0.33 BTC to Bitmex and can trade with a leverage of 1:3. So you are holding a position that is worth 1 BTC, but have only a third of it on the Exchange. You borrow the rest from the Exchange. This is especially safe if the Exchange should be hacked once. At Bitmex this hasn’t happened yet.

Trading on Bitmex

  • You can set your order at Bitmex in the dashboard on the left side (marked red here).
  • First you have to choose what kind of order you want to set. The following orders will be offered to you:
  • Limit Order: With the Limit Order you can set how many contracts you want to buy and at what price. The order will only be executed when the price can be reached on the market.

To compare Bitmex with Deribit follow this link:

When’s the first Bitcoin fund coming?

There are already warrants on Bitcoin, but other investment products could follow soon. Before that, however, important questions would have to be clarified.

The mills of financial supervision grind slowly, but they grind: For years, the American financial supervisory authority SEC has been dealing with Bitcoin and financial products based on it, such as funds. Other questions are also being clarified: What is Bitcoin actually and why has it attracted so many traders? Digital currency or a new digital asset class? Only when these questions have been clarified can corresponding investment products be offered. Bitcoin has attracted a lot of people for different reasons, a big industry for BTC is gambling.

Bitcoin is listed in the United States as a kind of commodity. That’s why the CFTC is responsible for Bitcoin, although it usually deals with financial products such as gold or oil. But it was also she who gave the green light for futures on Bitcoin. These warrants are used to bet on future developments, such as rising or falling prices. For example, they are traded on the Chicago Mercantile Exchange (CME) or the Chicago Board Options Exchange (CBOE).

Bank problems in many countries and areas are an accelerator for the adoption of BTC, find out more at

Price formation is too intransparent

And this is exactly where the problem of Bitcoin funds lies. Pricing is too intransparent, which is why funds have repeatedly been rejected. However, these are not approved by the CFTC, but are the responsibility of another supervisory authority, namely the SEC. The best-known victim was recently an exchange-traded index fund (ETF) on Bitcoin, which „Pro Shares“ wanted to offer. Its ETF would have been based on Bitcoin warrants, not real Bitcoin.

The SEC, the Securities and Exchange Commission, justified its refusal by stating that neither CME nor CBOE could provide sufficient information on the identity of the market participants involved in the unregulated spot and derivatives markets. According to the SEC, however, this is precisely where a significant part of trading would take place. In addition, a large part of trading would take place on „unregulated overseas trading venues“ and the Bitcoin option markets would not be of decisive size. The ETF of the active Winklevoss twins was rejected because the CBOE could not prove that its underlying market.

Bitcoin – was safe from manipulation

The argument is therefore always clear: the market must finally become more transparent. Therefore also a fund is calculated very large chances. The provider Vaneck would like to launch a fund, but in contrast to the previous ones he would like to launch a real one.

  1. This means that it is no longer just an index that is mapped, but „Van Eck“ in this case actually physically holds Bitcoin. This would eliminate many of the SEC’s arguments.
  2. Small investors should be protected by the fact that the purchase price in Vaneck’s Bitcoin product is 25 Bitcoin – currently around 200,000 dollars.
  3. Currently, a total of nine funds are awaiting SEC approval.
  4. A deadline to answer open questions was recently met overtime.
  5. At the end of the year or beginning of next year the first Bitcoin fund could then start.
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