Author: dfmines

submitted by /u/Square-Prior-6453 [link] [comments]

Even though we are still below previous ATHs, a little bit of history just happened. Bitcoin had the highest weekly close at about 61570$. The previous high was at 60016$ back in april. Never before did Bitcoin manage to survive a weekend at this price level! https://preview.redd.it/oa51n6ren3u71.png?width=1178&format=png&auto=webp&s=3d391db712925e406c8f1c9df5fd54ce9cebaeed Despite all euphorism – remember we don't know…
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Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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Just wondering if anyone would mind sharing how they track what they owe via tax from any gains they have made? Do you work it out yourself? Or do you use a website/app? Also is there a date when your annual tax you owe resets? Thanks for any help submitted by /u/wga12345 [link]…
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I have recently thought about having NFTs which can be minted along the way. That is, when I produce a new artwork, I mint that artwork with a new ID on my token contract. So all tokens aren’t predetermined and are minted along the way. I’m deploying my token contract on both Ethereum and Polygon…
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submitted by /u/espand [link] [comments]

Cryptocurrency exchange Coinbase has published its proposal for crypto regulation after “more than 75 meetings with stakeholders in government, industry, and academia,” CEO Brian Armstrong revealed. In its Digital Asset Policy Proposal, the company recommends “four core pillars to inform future U.S. regulation.” Coinbase’s Proposal for Crypto Regulation The Nasdaq-listed cryptocurrency exchange Coinbase published its […]

Around 15 minutes ago, Elon had another one of his special crypto moments and tweeted what appears to be a rabbit/dog/tamagotchi/hybrid/fuck knows what holding a rocket… Of course this caused SHIB to pump instantly and both SHIB and DOGE holders have their own interpretation of this 'sign' to buy and thereby inflate Elon's ego (and…
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Grayscale Investments, known for its Grayscale Bitcoin Trust (GBTC), is planning on filing an application to convert its flagship fund into a spot ETF early next week. Grayscale, which has been the dominant player in the digital asset space, is now looking to revamp its fund due to competition.  First Bitcoin Futures ETF Set to Trade Early Next Week, Adding More Competition for Grayscale Last Friday, the Securities and Exchange Commission (SEC) approved the first ever Bitcoin futures ETF, which is set to trade on the New York Stock Exchange early next week. The move has been hailed as a “watershed moment” by many, where Bitcoin is finally solidifying its legitimacy as an asset class to Wall Street and mainstream investors.  Related Reading | Bitcoin ETF Receives Approval from SEC, Marking Historic Day for Crypto  The ETF, managed by investment firm ProShares, will feature a low management fee of 0.95%, compared to Grayscale’s 2%. Another benefit that the new ETF provides is the lack of redemption periods – something that has plagued GBTC’s investors since its very inception.  Why Grayscale’s Potential Spot Bitcoin ETF May Outperform Futures ETFs The Bitcoin-futures ETF is a step in the right direction in making cryptocurrencies more accessible for the everyday investor; however, many crypto investors have argued that the ETF’s utilization of derivative contracts, which are traded on the Chicago Mercantile Exchange (CME), would prove to be far inferior compared to a spot ETF holding actual Bitcoin.  Related Reading | Grayscale Looks to Bolster Investment Offerings with 13 more Cryptos, Including Polygon, Solana, and ICP  Contango, which is a phenomenon that occurs when futures prices are above expected future spot price, means that investors will lose out potential gains due to the Bitcoin futures contracts expiring higher than the cryptocurrency’s spot price. Joe Orsini, director of research at Eagle Brook Advisors, explained the following disadvantages in his Twitter thread:  Futures-based #bitcoin ETFs? Buyer Beware. A thread on contango, using USO ETF (a futures-based ETF on crude oil) to compare performance of Spot WTI Crude, 1st-month Crude Futures, and a futures-based ETF. 1/n pic.twitter.com/04Rv1m7NKB — Joe Orsini, CFA (@JoeOrsini_) October 15, 2021 If approved, Grayscale’s spot Bitcoin ETF would be backed by actual Bitcoins, rather than derivatives that track the cryptocurrency’s price. Grayscale already has a significant portion of the world’s circulating Bitcoin supply.  Barry Silberts, the founder of Digital Currency Group and Grayscale Investments, took to Twitter to hint at upcoming changes for GBTC. He joked, “[f]riends don’t let friends buy and hold futures-based ETFs.” Though, there may be some truth behind the statement yet.  Featured image from UnSplash