Acutality and bitcoin : the same world of crypto

On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing the crypto asset. There’s a new  bitcoin (BTC) exchange-traded note  available on the exchange Deutsche Böerse Xetra, a marketplace for the trading of shares and other securities. The novel ETN is issued by the asset manager  Vaneck , an investment management firm with an estimated U.S. $49 billion assets under management (AUM). On Twitter, the digital asset strategist and director at Vaneck/MVIS, Gabor Gurbacs announced the new bitcoin ETN on Wednesday. “Today Vaneck launched a bitcoin ETN,” Gurbacs  tweeted . “The ETN is physically-back...

  A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed exchange rate of $1:380 is robbing recipients 20-30% of their remittance value each time they retrieve funds. At the time of writing, the parallel exchange rate of one dollar to the Naira is 1:480, according to Abokifx. Similarly, importers that are hamstrung by the country’s rigid foreign exchange regulations, are now resorting to bitcoin when making payments online or across borders. Speaking in an  interview , Lasebikan says bitcoin has also given Nigerian residents an opportunity to pay for services or utilities that the CBN usually deems unnecessary. He says: Another thing would be for people who want to have access to resources outside the country…You want to pay for Nexflix, Apple Music...

  The price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday morning. Cryptocurrency markets have shed enormous value on Thursday, November 26, 2020. The  entire market cap  of all 7,700+ digital assets has lost over 5% in value and rests just below the $500 billion mark. ($498B) BTC  prices touched a high on Wednesday evening at $19,319 per unit and slid to a $16,870 low during the early morning trading sessions on Thursday. The price has increased since the bottom on Thursday and so far,  BTC  has shed 10.9% in USD value. The price of  BTC  is currently swapping for $17,277 per unit. Out of precisely 7,784 cryptocurrencies worldwide across 33,471 markets, there’s roughly $291 billion in global trade volume. Out of the e...