Jump to content
The World News Media

Canadian Bitcoin ETF Approved


Recommended Posts


  • Views 28
  • Replies 2
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

  • Member

“With an etf you don’t have to worry about premium fluctuations and share price should move in tandem with actual btc price moves. I’m a long holder of qbtc.u as well but this is worth looking into” - some Twitter dude

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Similar Content

    • By LNN
      Bitcoin took just 12 years from its creation to reach a trillion-dollar market cap. It took Microsoft 45 years and Google 22 years to reach the $1,000,000,000,000 mark!!!
      When Bitcoin is at $80.6K, it will have passed the Market cap of Silver. How long do you think til that happens?
       
    • By LNN
      Cash is being diluted by a few % per year. Since they have many billions in cash this small % comes in the form of millions and even tens of millions of dollars worth of dilution for them.
      This cash dilution has been going on for decades and typically in these cases large corps would look to treasury bonds. They essentially purchase these “same as cash” US Treasury bonds and keep those which increase a few % per year. And the growth on those bonds offsets the loss on their pure cash and all is well with the world.
      This year however there was a change. The interest rate in treasury bonds is near 0% so they don’t have anything to offset their cash dilution. Compounding on this the worlds central banks are “printing” more money. This is INCREASING the rate of dilution. Where before they were losing 1-2% now they fear they could be losing 7-10% due to this.
      The result is a strong demand for an alternative high liquidity (same as cash) asset. And Bitcoin is being seen as an option for some more progressive companies.
      This might seem like no big deal just a few companies buying some BTC. But these corps have GIANT cash reserves and huge pressure to plug the holes of dilution. They must act in the best interest of the shareholders and ignoring the problem could be seen as mismanagement. In the most bullish cases (microstrategy) they are putting 100% of their cash into Bitcoin ($BILLIONS). More conservative companies (square, Tesla) are putting 1-10%.
      But there’s thousands upon thousands of corporations that still do not have a cash dilution mitigation strategy that includes Bitcoin. And they are starting to adopt. Black rock, the world largest hedge fund with $7TRILLION of assets under management has made public they have an interest. So have major banks and payment processors (JPMorgan, visa mc)
       
    • By LNN
      Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter. Moving ahead with investments would require approval by the firm and regulators.
      https://www.bloomberg.com/news/articles/2021-02-13/morgan-stanley-may-bet-on-bitcoin-in-150-billion-investment-arm
      https://www.coindesk.com/morgan-stanley-unit-considers-150-billion-bitcoin-investment-bloomberg
      I think this is a better article. Actually tells you in the headline that Morgan Stanley is:
      considering a 150 million dollar investment into Bitcoin
      not 150 billion And it has a nice quote at the end by Janet Yellen, US Treasury Secretary, reminding everyone that government regulation can still bring volatility to the crypto market:
      https://www.businessinsider.com/bitcoin-morgan-stanley-arm-eyeing-150-million-bitcoin-buy-bloomberg-2021-2
       

    • By LNN
      Twitter CEO Jack Dorsey has announced a $23.56 million endowment to a trust that will fund the development of Bitcoin in Africa and India. The fund will be set up as a blind irrevocable trust and take zero directions from the board members. Dorsey also called for three board members to start the trust, whose stated mission is to "make bitcoin the internet's currency."
    • By LNN
      Bitcoin's market cap has surpassed $900 billion for the first time. Earlier today, the cryptocurrency hit a new all-time high of $49,000 on the Bitstamp exchange before retracing below $47,000. The flagship coin has soared over 26% this week alone.

    • By LNN
      US Securities and Exchange Commissioner Hester Peirce has said the US capital markets are ready for a bitcoin exchange-traded product. She said people are already eager to trade a bitcoin ETP. She also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.
      For people who are not aware - ETP is the umbrella term for the collection of financial products traded on a stock exchange that include ETFs.
      Yes, she's always been pro Bitcoin. But her language is very telling. She said the US capital markets "are ready" for an ETF.
      There needed to be a lot of infrastructure in place before they can approve an ETF and the environment is improving for btc so much that all of those requirements are finally in place.
      This is very, very positive for Bitcoin. We might see an ETF this year!

    • By LNN
      Year of Bull = Year of BITCOIN
      Happy New Year Folks.
    • By LNN
      Although won't Bitcoin make his dream of Universal Basic Income impossible since he can't print more of it and hand it out to the citizens?
      Hmmm
    • By LNN
      https://finance.yahoo.com/news/ark-cathie-wood-bitcoin-400000-000053537.html

    • By LNN
      While experts were arguing about Apple and would it buy Bitcoin or not, Twitter announced its desire to participate. The Chief Financial Officer of Twitter Ned Segal said on Wednesday that Twitter is looking for options to pay employees in cryptocurrency. It was also said that Twitter wants to put a part of its funds into Bitcoin.

    • By LNN
      Bank of New York Mellon, the nation's oldest bank, is making the leap into the market for cryptocurrencies. The custody bank said Thursday it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients. In time, BNY Mellon will allow those digital assets to pass through the same plumbing used by managers' other, more traditional holdings.
    • By LNN
      https://digitalik.net/btc/cycle_repeat
      This graph is showing how it would be if from today price change would repeat it's pattern from previous cycle. It goes 1458 days ahead (full cycle).
       
    • By TheWorldNewsOrg
      https://decrypt.co/56058/visa-could-add-crypto-payments-network-says-ceo
      In Visa’s fiscal Q1 2021 earnings call yesterday (via The Motley Fool), Kelly took a moment out of his introductory statement to specifically touch on crypto and the opportunity he sees in the space. He detailed Visa’s case for being the largest financial services brand in the industry via its partnerships with 35 platforms and wallets
      “In this space, we see ways that we can add differentiated value to the ecosystem,” said Kelly. “And we believe that we are uniquely positioned to help make cryptocurrencies more safe, useful and applicable for payments through our global presence, our partnership approach and our trusted brand.”
      If you thought the Paypal news had an impact, wait until Visa jumps in the pool.

    • By Money & Finance
      “You know what, if you won the lottery – Yes, I’m gonna say it: 5% in Bitcoin,” Cramer said Thursday night on his Mad Money program. His advice came with a few caveats: Don’t buy it all at once, don’t buy it on the weekend. “Crypto could be incredibly volatile,” he said on a day when BTC tanked 13%.

    • By Money & Finance
      According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange rate by almost 20 percent in just less than 24 hours.

      CryptoQuant deduced the mining pool’s act as the main catalyst that slumped its price from $35,498 to $28,732 in just 24 hours.
      Meanwhile, New York-based cryptocurrency investment firm Grayscale Investments purchased more than $600 million worth of BTC this week, especially as the price was heading lower. 
    • By Money & Finance
      I like his point about one being available to the entire world while the other to those with a brokerage account. Nailed it!
    • By LNN
      https://www.cnn.com/2020/11/22/americas/canada-warns-moose-lick-cars-trnd/index.html

       
      And yes.... you did read that headline correctly.
      I would still like to know what "Salt licks" are. 😉
    • Guest Nicole
      By Guest Nicole
      Un grupo de testigos de Jehová realizó lo que podría considerarse como uno de los secuestros más extraños hasta el momento, y es que privaron de la libertad a sus vecinos asegurando que se encontraban huyendo del fin del mundo, de acuerdo con reportes policiales de Alberta, en Canadá.
      Jacqueline Schaffter, juez de la corte provincial argumento que los tres detenidos, dos mujeres y un hombre que hasta el momento no han sido identificados, sufren de un extraño trastorno psicótico el cual hasta el momento no ha sido revelado y por el que deberán llevar un tratamiento para evitar hacerse daño a si mismos o a terceros.
      El extraño secuestro ocurrió en el mes de noviembre del año 2017 cuando cinco personas entre ellas dos menores de edad, fueron obligados a abandonar su hogar y abordar una camioneta junto a los testigos de Jehová, cuatro de los cuales se encontraban completamente desnudos.
      El hombre y su familia lograron escapar y ayudaron a las autoridades a dar con los sospechosos quienes de inmediato fueron arrestados.
      Al declararse culpables por los delitos de secuestro y confinamiento ilegal, los detenidos recibieron como sentencia un año de servicio comunitario y dos de libertad condicional, además de tener que someterse a un tratamiento de consejería.

      Hello guest! Please register or sign in (it's free) to view the hidden content.  

    • Guest Nicole
      By Guest Nicole
      Paramedics say one person is dead after two small planes collided in mid-air over Ottawa‘s west end just after 10 a.m. on Sunday morning.
      Ottawa police said that one of the aircraft crashed into a field near McGee Side Road just east of the 417 in Carp in rural west Ottawa. A spokesperson for Ottawa paramedics said an occupant of that plane was pronounced dead on the scene.
      The other aircraft was redirected to Ottawa International Airport and landed safely, sustaining only minor damage. No injuries were reported aboard that plane.
      It’s not known how many people were aboard each aircraft, or how exactly the collision occurred.
      The Transportation Safety Board of Canada is investigating
      Read more: https://globalnews.ca/news/4628657/ottawa-aircraft-collision-midair/
    • Guest Nicole
    • Guest Nicole
      By Guest Nicole
      The Supreme Court of Canada Thursday heard arguments in a fight over a church’s “shunning” practice, and said it would release a ruling later, but the congregation involved and several other groups argued that the justices had no right to even take part in the fight.
      The fight is between Randy Wall, a real estate agent, and the Highwood congregation of the Jehovah’s Witnesses organization in Calgary.
      Wall was expelled from the congregation for getting drunk and not be properly repentant, court records said. He pursued a church appeals process, unsuccessfully, then went to court because he said the church’s “shunning,” that is, practice of not associating with him in any way, hurt his business.
      He explained his two occasions of drunkenness related to “the previous expulsion by the congregation of his 15-year-old daughter.”
      A lower court opinion explained, “Even though the daughter was a dependent child living at home, it was a mandatory church edict that the entire family shun aspects of their relationship with her. The respondent said the edicts of the church pressured the family to evict their daughter from the family home. This led to … much distress in the family.”
      The “much distress” eventually resulted in his drunkenness, Wall said.
      See the WND Superstore’s collection of Bibles, including the stunning 1599 Geneva Bible.
      Wall submitted to the court arguments that about half his client base, members of various Jehovah’s Witnesses congregations, then refused to conduct business with him. He alleged the “disfellowship had an economic impact on the respondent.”
      During high court arguments Thursday, the congregation asked the justices to say that congregations are immune to such claims in the judicial system.
      The lower courts had ruled that the courts could play a role in determining if, and when, such circumstances rise to the level of violating civil rights or injuring a “disfellowshipped” party.
      The rulings from the Court of Queen’s Bench and the Alberta Court of Appeals said Wall’s case was subject to secular court jurisdiction.
      A multitude of religious and political organizations joined with the congregation in arguing that the Canada’s courts should not be involved.
      The Justice Center for Constitutional Freedoms said in a filing, “The wish or desire of one person to associate with an unwilling person (or an unwilling group) is not a legal right of any kind. For a court, or the government, to support such a ‘right’ violates the right of self-determination of the unwilling parties.”
      Previous case law has confirmed the ability of religious or private voluntary groups to govern themselves and dictate who can be a member.
      But previously rulings also reveal there is room for the court system to intervene when the question is one of property or civil rights.
      The Association for Reformed Political Action, described the case as having “profound implications for the separation of church and state.”
      Its position is that the court should keep hands off the argument.
      “Secular judges have no authority and no expertise to review a church membership decision,” said a statement from Andre Schutten, a spokesman for the group. “Church discipline is a spiritual matter falling within spiritual jurisdiction, not a legal matter falling within the courts’ civil jurisdiction. The courts should not interfere.”
      John Sikkema, staff lawyer for ARPA, said, “The issue in this appeal is jurisdiction. A state actor, including a court, must never go beyond its jurisdiction. The Supreme Court must consider what kind of authority the courts can or cannot legitimately claim. We argue that the civil government and churches each have limited and distinct spheres of authority. This basic distinction between civil and spiritual jurisdiction is a source of freedom and religious pluralism and a guard against civic totalism.”
      He continued, “Should the judiciary have the authority to decide who gets to become or remain a church member? Does the judiciary have the authority to decide who does or does not get to participate in the sacraments? Church discipline is a spiritual matter falling within spiritual jurisdiction, not a legal matter falling within the courts’ civil jurisdiction. The courts should not interfere. Here we need separation of church and state.”
      The Alberta Court of Appeal, however, suggested the fight was about more than ecclesiastical rules.
      “Because Jehovah’s Witnesses shun disfellowshipped members, his wife, other children and other Jehovah’s Witnesses were compelled to shun him,” that lower court decision said. “The respondent asked the appeal committee to consider the mental and emotional distress he and his family were under as a result of his duaghter’s disfellowship.”
      The church committee concluded he was “not sufficiently repentant.”
      The ruling said “the only basis for establishing jurisdiction over a decision of the church is when the complaint involves property and civil rights,” and that is what Wall alleged.
      “Accordingly, a court has jurisdiction to review the decision of a religious organization when a breach of the rules of natural justice is alleged.”
       
       
    • By Bible Speaks
      RARE VIDEO OF STEVE: Last night in parts of Canada, dogs started barking at the midnight sky. The canines were responding to a bright purple ribbon of light--also known as "STEVE." The apparition, which occurred during a G1-class geomagnetic storm, was so long-lasting that at least one onlooker had time to capture rare video of the phenomenon. This is a still frame from a video of STEVE captured on April 10th by Matthew Wheeler of Robson Valley BC Canada. .
      .
      Hello guest! Please register or sign in (it's free) to view the hidden content. Romans 1:20. #OurCreatorJehovahGod?

    • Guest Nicole
      By Guest Nicole
      Christian es el demandante representativo en una demanda colectiva de $66 millones que se ha entablado contra los Testigos de Jehová en Canadá. Es en nombre de él y de otros sobrevivientes de abuso sexual infantil, quienes acusan a la secta de proteger a los depredadores sexuales de la justicia.
      La demanda, que aún no ha sido certificada por el tribunal, es simplemente la última en lo que se ha convertido en una creciente presión internacional sobre la secta religiosa para cambiar la doctrina que los críticos dicen que protege a los pedófilos.
      Se llama la Regla de los Dos Testigos. Al citar las Escrituras, los testigos de Jehová requieren que haya al menos dos testigos de actos de abuso sexual infantil antes de que se pueda tomar alguna medida contra presuntos abusadores sexuales, a menos que haya una confesión.
      A través de una investigación que se extiende desde Canadá, EE. UU., Inglaterra y Australia, el programa W5 expone cómo la organización desalentó las acusaciones de agresión sexual de ser denunciadas a la policía.
      También revela que los Testigos de Jehová mantienen una base de datos secreta, documentando cada alegato de abuso sexual contra miembros que alguna vez se haya realizado.

      Hello guest! Please register or sign in (it's free) to view the hidden content.  





×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.