DataLight to Share New Bitcoin Research

According to the team, Bitcoin trading volumes increased compared with the peak marks of 2017
02 July 2019   1858

In relation to the 2017 highs, the volume of Bitcoin trading increased one and a half times, DataLight reports.

It is noteworthy that at the end of 2017 there was a culmination of the previous phase of the bull market, while digital gold was trading even higher than the current relatively high levels.

The experts also found that at present the average size of the transaction commission has reached $ 5, which corresponds to the figures for January 2018. This indicates a significant increase in blockchain activity, which is also an important fundamental factor. For example, in May of this year, 452 thousand transactions went through the network of the first cryptocurrency for the day (the second result in the entire history of BTC).

As for the hashrate, after a drop of 35% in November 2018, the aggregate computing power of the Bitcoin network has recently updated a new maximum.

Wilshire Phoenix to Update BTC ETF Application

It's planned that the exchange traded fund will be provided not only by the crypto, but also with treasury bonds
17 October 2019   110

Wilshire Phoenix and NYSE Arca have amended the application for the launch of Bitcoin ETF.

The fund will be provided not only with the first cryptocurrency, but also with treasury bonds.

The custodian of digital assets will be Coinbase Custody. The company will confirm the availability of bitcoins in providing the fund within five working days from the moment of monthly rebalancing.

To determine the value of the bitcoins held, the fund will use the base rate of the Chicago Mercantile Exchange - CME CF Bitcoin Reference Rate (CMR CF BRR).

Wilshire Phoenix recommended that the US Securities and Exchange Commission (SEC) focus on the spot market for bitcoin, which plays a key role in determining its value.

The SEC has already begun to accept public comments on the updated proposal.

Wilshire Phoenix and NYSE Arca filed an initial application in May. At the end of September, the SEC postponed a decision on it.