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London’s ETC Group to List Centrally Cleared Bitcoin ETP on Deutsche Börse’s Xetra

[ad_1] A UK-based financial services company will list a centrally cleared bitcoin exchange-traded product (ETP) on Deutsche Börse’s Xetra electronic trading market later this month. In a statement released on June 9, Etc Group said the contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is 100% physically backed by the cryptocurrency. One BTCE is equivalent to 0.001 bitcoin, less fees, it said, allowing the
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MakerDAO Up By 30% After Vote For ‘Real-World’ Loan Collateral

[ad_1] The price of MakerDAO (MKR) has rallied by roughly 30% over the past 24 hours, posting a new year-to-date high above $720 on some exchanges. The rally follows a late May spike of up to roughly 45% on the heels of MKR’s second Coinbase Pro listing. The past day’s high saw the price top 100% gains in two weeks.MKR/USD on Bitfinex: TradingViewWhen measured against Bitcoin (BTC), the rally saw Maker
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UAE Flight Attendant Faces Jail Over $100K Crypto Loan Default

[ad_1] A former Etihad Airlines flight attendant says he faces up to three years in jail in the United Arab Emirates (UAE) for being unable to make installments on a $100,000 loan he took out to invest in crypto around the all time high. Reddit user Crypthomie, identified only as a 34-year-old man who is not an UAE citizen, posted an image to the Bitcoin subreddit on June 9 of his
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One Third of Institutions Have Invested in Crypto Says Fidelity

[ad_1] A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives.While 36% of institutions own crypto globally, multinational financial services company  Fidelity found that only 27% of the 441 U.S. institutions surveyed are exposed to crypto — although that’s up from 22% last year. Close to half of European institutions are long on virtual assets.Bitcoin (BTC) is the
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Data Shows Bitcoin Options Markets Are Maturing Much Faster Than Futures

[ad_1] Data from the crypto analytical firm Skew.com shows that bitcoin options are maturing much faster than the futures markets launched in December 2017. Skew’s data shows that the open interest in bitcoin options has risen significantly in the last few months. Bitcoin options “are starting to play catch up with the more mature futures market,” according to Skew.com stats. “Options open interest [is] growing fast this quarter,” the researchers
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Last 2 Times This On-Chain Signal Appeared, Ethereum Crashed. It’s Back Again

[ad_1] Ethereum has been on an extremely strong rally since the March lows, recovering to a local high of $250 from $88. This nearly 200% performance has allowed the cryptocurrency to strongly outperform any other established and investable asset. On-chain metrics, however, show that the cryptocurrency is primed to correct lower. Related Reading: Bitcoin Is About to See a Crucial Breakout: 3 Factors Show Upside Is Likely  Ethereum Is Primed
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Japanese Firm Unveils New Privacy Feature For Bitcoin Wallets

[ad_1] Japanese crypto firm Freessets has announced a new technology to enhance Bitcoin wallet (BTC) privacy.According to a June 8 announcement, Freessets has created a system that allows wallets to request their addresses’ Bitcoin balances without revealing it to the servers from which they request the balances or transaction history.The statement said that conventional Bitcoin wallets explicitly ask servers for the balance of their addresses, which links the balance, transactions
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German Stock Exchange Will List Bitcoin ETP

[ad_1] London-based ETC Group will list the first crypto exchange-traded product on Germany's Xetra digital stock exchange this month. Traders in the UK, Italy and Austria will also be able to deal in shares of the new product.According to ETF Stream, the ETC Group announced on June 9 that Bitcoin Exchange Traded Crypto (BTCE), an exchange-traded product (ETP), will launch on Deutsche Börse Xetra after it receives approval from German
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Options Traders are Nearly All Long on Bitcoin; What This Means for BTC

[ad_1] Bitcoin’s week-long bout of consolidation appears to be leading options traders to grow increasingly bullish on the cryptocurrency Data shows that options traders are nearly all anticipating BTC to see further upside in the weeks and months ahead There are multiple factors, however, that suggest it is poised to see downside in the near-term These factors include rising funding, a high quantity of underwater long positions, and its multiple
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Not So Private: 99% of Zcash and Dash Transactions Traceable, Says Chainalysis

[ad_1] Chainalysis says it can track 99% of transactions involving Zcash, and almost all of Dash’s – coins that both fancy themselves as private and untraceable. Now, that’s because the majority of users do not utilize the optional privacy-enhancing features available on the two blockchains, it said in a June 8 blog, announcing support for the two cryptocurrencies. By tracking the privacy coins – digital assets whose primary purpose is