NYSE had applied for the opening of two bitcoin-ETF

Intercontinental Exchange plans to include to the listing funds which will track the price of bitcoin through futures contracts
21 December 2017   582

Intercontinental Exchange (ICE) filed an application to the US Securities and Exchange Commission for changing the rules, allowing the launch of two exchange-traded funds (ETF), focused on bitcoin futures. This is reported by CNBC.

As it follows from the application, ICE plans to include to the listing funds ProShares Bitcoin ETF and ProShares Short Bitcoin ETF, which will track the price of bitcoin through futures contracts.

Applications for the launch of ProShares Bitcoin ETF and ProShares Short ETF were filed for the first time in September, but bitcoin futures did not exist yet, and after a while applications were withdrawn. Now, when bitcoin futures appeared on two American exchanges, ProShares expects to receive SEC approval.

By being long Bitcoin Futures Contracts, the Fund seeks to benefit from daily increases in the price of the Bitcoin Futures Contracts. The Fund will not be benchmarked to the current price of bitcoin and will not invest directly in bitcoin. When the price of Bitcoin Futures Contracts held by the Fund declines, the Fund will lose value.
 

SEC Filing

Since the appearance of futures on the Chicago stock exchanges CBOE and CME, the Securities Commission has refrained from commenting officially on bitcoin-ETF. Analysts and market participants, however, are hoping that the SEC will change its attitude to this instrument, given that the Commodity Futures Trading Commission (CFTC) has given permission to launch futures.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   97

Users of HashFlare mining pool can't withdraw their funds, while their contracts are threatened with a temporary ban. Even lower restrictions on withdrawal of funds in the amount of 0.03 BTC caused problems for users, but the service raised the threshold to 0.05 BTC and 0.1 ETH . This is reported by Cryptovest.

In addition, financial pyramids are often promoted under the guise of mining contracts for cloud mining. For last few months, there was a big jump in mining difficulty of many cryptocurrencies, so, old contacts had become unprofitable.

As reported, the reason for the locked funds dates back further - at the beginning of June, so much hashing power was flowing into the Bitcoin network that contracts saw all the mined coins go toward their maintenance fee.

Currently, more and more users who have purchased contracts at earlier stages are facing the fact that they can not withdraw their funds. One of them managed to return the money spent through the bank card operator after filing a corresponding complaint.

To anybody that purchased a Hashflare cloud mining contract with a credit card, it might be possible to get a refund with that credit card as one of my followers tipped me. He bought his contracts at the end of 2017.
 

bccponzi at Twitter

The hash rate of bitcoin increased from 13 EHash / s at the beginning of the year to more than 40 EHash / s in recent months. The difficulty of mining in the present conditions depends on the circumstances of the specific miner. The cost of bitcoin mining for some of them is $ 4,400, while others spend about $ 5,800. However, in 2018, cloudy mining is called an even more dubious occupation than before, especially when it comes to mining bitcoin.