The US Securities and Exchange Commission (SEC) has approved the launch of the Bitcoin Strategy ETF. The exchange-traded fund (ETF) buys cryptocurrency (in this case, bitcoin), and sells shares to stock exchange investors. The first U.S. exchange-traded bitcoin fund has been listed on the New York Stock Exchange since October 19. Investors now have access…
There are two big questions considered “uncouth” in financial circles. For fiat currencies, it is: “What backs the central bank-issued money?” For cryptocurrencies: “How much should 1 BTC actually be worth?” Recently in the United States, Republican Senator Cynthia Lummis from Wyoming told CNBC that bitcoin is the standard, so, unlike other cryptocurrencies, it’s not…
We continue to describe the cryptocurrency industry through the eyes of “traditional” financiers, primarily bankers. As it turned out, they are not as blinkered as we used to think. Moreover, they can reasonably assess the prospects of a decentralized financial world. Crypto is turning corporate As the digital asset ecosystem grows and more people get…
Sometimes I catch myself thinking that for a long time, I have been analyzing the cryptocurrency industry from the “inside”. Yes, it is very convenient: you know and understand everything; you are immersed in the processes and see their internal dynamics. But it also leads to certain distortions of perception. We shouldn’t forget that people…
What cryptocurrencies are doing to the investment industry you could almost call mockery. This new asset class shows returns on investment many times superior to any traditional assets. Thirteen years ago, Bitcoin was created as a completely independent form of money, i.e., a means of payment. However, over time, it suffered the same fate as…
Gulf Crypto Insight exclusive BitOasis is a Dubai-based cryptocurrency exchange platform. Created back in 2015, it is perhaps the oldest crypto company in the region. Today it allows traders and investors to buy and sell digital currencies such as bitcoin, ethereum, and others against fiat currencies and other virtual assets. Earlier this year, BitOasis’s ADGM…