Grayscale Wins Approval for First Public Digital Currency Index Fund

Grayscale Investments has received regulatory approval to list what it calls the first publicly-traded digital currency index fund. Following assent from the Financial Industry Regulatory Authority (FINRA), the Digital Large Cap Fund (DLC) will be listed on over-the-counter markets and trade under the initials GDLCF.  The DLC is Grayscale’s fourth publicly-quoted investment product, after Bitcoin Trust (OTCQX: GBTC), Ethereum Trust (OTCQX: ETHE), and Ethereum Classic Trust (OTCQX: ETCG). Eventually, Grayscale aims to list on the public market all ten of its investment products that are currently open to accredited investors.…

CME Says Bitcoin Futures Gaining Interest From Big Investors

CME Group, the Chicago-based exchange operator, said its bitcoin futures contracts grew in popularity last quarter, with the number of open contracts up 61 percent from a year earlier because of growing demand from institutional investors. Open interest, or the number of outstanding positions, rose to 4,629 contracts, up from 2,873 in the third quarter of 2018, CME said Monday in a statement. And despite the quarter’s 25 percent drop in bitcoin price, according to CoinDesk, the open interest in the CME’s contracts was down just 1 percent from second-quarter…

5 Top Car Makers Enter Field Trials for Automatic Blockchain Payments

A group of major automakers are about to hit the road with the first field testing of a blockchain-based vehicle identification network next month in the U.S. As reported by Nikkei Asian Review, BMW, General Motors, Honda, Ford and Renault are working with the Mobility Open Blockchain Initiative (MOBI) on integrating the system to automatically make payments on typical commuting runs without the need for cash or credit and debit cards. By assigning vehicles unique identities that store data such as ownership and histories on a blockchain, the industry initiative aims to…

Bitcoin Eyes Gains as Pound Drops on Brexit Uncertainty

Bitcoin was inching higher on Monday in the UK markets as Pound gave up some part of its last week’s sharp gains. Bitcoin shows upside sentiment as the Pound drops to 1-month low | Image credits: TradingView.com The cryptocurrency surged by 0.76 percent against the sterling as of 1005 UTC to trade at £6,627.90. The minor surge came after the pound dropped by 0.68 percent against the US dollar. The sum of all negativities lied with the statements issued by the European Union on Brexit. Michel Barnier, EU’s chief Brexit…

Litecoin Turns 8 — Charlie Lee Says Foundation Not Near Bankruptcy

As Litecoin (LTC) celebrated its eighth birthday on Oct. 13, its founder Charlie Lee had to fend off crypto Twitter’s FUD — fear, uncertainty and doubt — about the altcoin. Lee’s original post was the exuberant announcement that: “Litecoin network has been up and running continuously for the past 8 years with zero downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted. Looking forward to the next 8 years and more! ” “We have enough money to last 2 years” The first response to…

Coinbase Eyes European Growth After Winning Irish E-Money License

Cryptocurrency exchange Coinbase has been granted an e-money license by the Central Bank of Ireland. Writing in a company blog Saturday, Coinbase UK CEO Zeeshan Feroz said the exchange is one of the very first firms to receive the license from the central bank, following a Dublin office opening a year ago. The license will also help open up EU and European Economic Area (EEA) markets for Coinbase customers, Feroz said. Speaking on the announcement, state-sponsored business development agency IDA Ireland – which was set up to attract foreign investment to…

Crypto ‘Sextortionists’ Turn to Litecoin to Avoid Detection: Report

Litecoin (LTC) and other alts are becoming increasingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says. According to cybersecurity firm Cofense’s new report published on Oct. 8, malicious actors are gradually starting to shift their focus from Bitcoin (BTC) to specifically avoid detection by specialized email filters. The report states: “As enterprises began writing detection rules to block those emails, threat actors modified the text by replacing it with an image, which prevented key words from being identified by Secure Email Gateways…

Bitcoin (BTC) Price Trend Remains Negative Below $8,400

Bitcoin price is struggling to correct above the $8,350 and $8,400 resistances against the US Dollar. The price is currently correcting higher after trading as low as $8,146. Recently, there was a break below a key ascending channel with support near $8,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face a strong resistance near $8,350 and $8,400. Bitcoin price is trading in a negative zone below $8,400 against the US Dollar. BTC must climb above…

Crypto Market Cap And Bitcoin Holding Support: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is currently holding the key $210.0B support area. Bitcoin price is also trading just above the $8,250 and $8,200 support levels. EOS price is showing positive signs above the $3.050 and $3.000 support levels. Binance Coin (BNB) is up more than 2% and it is trading nicely above the $18.00 resistance. BCH price is holding the $220 support and it could rise above the $235 resistance area. Tron (TRX) price is up around 4% and it is gaining pace above the $0.0162 resistance. The crypto…