CRYPTO NEWS WEEKLY ROUNDUP
First European Bitcoin ETF Goes Live for
Institutional Investors Across 10 Countries
The first European Bitcoin ETF is now available for institutional investors in ten countries, including the UK, Germany, Switzerland, Austria, Denmark, Finland, Ireland, Luxembourg, the Netherlands, and Sweden, offering increased access to Bitcoin exposure for domestic institutions.
The launch of the first European Bitcoin ETF marks a significant milestone for the region's cryptocurrency market. Institutional investors from ten European countries, including the UK, Germany, Switzerland, Austria, Denmark, Finland, Ireland, Luxembourg, the Netherlands, and Sweden, now have access to this new investment vehicle.
The Bitcoin ETF provides institutional investors with a way to gain exposure to the leading cryptocurrency in a regulated and secure manner. As a transparent and cost-effective solution, it enables these institutions to partake in the growth of the digital asset industry without directly holding or managing the cryptocurrencies themselves.
The availability of this ETF to institutional investors underscores the growing acceptance and adoption of cryptocurrencies across Europe and highlights the increasing demand for regulated, compliant, and transparent ways to invest in the rapidly expanding asset class.*This article has been republished with permission
Bitcoin: Delicate Balance Between Bulls and
BTC | BITCOIN $28930.00 +0.35%
Bitcoin has been trading within a tight range for the past few days. This pattern suggests that investors are holding onto their assets, anticipating a potential upward swing. Interestingly, BTC's market dominance has seen a slight dip from over 50% on June 30 to 48%, indicating a gradual shift of investor focus towards select altcoins.
However, this altcoin recovery is contingent on Bitcoin's performance. If BTC experiences a sharp downturn, altcoins could face a significant sell-off.
Bitcoin has managed to stay above the 50DMA ($29,400) for the past few days. However, the bulls have struggled to push the price above the 20-day EMA ($29,700), indicating a potential resistance. If the price drops below the immediate support at $28,850, it could suggest that Bitcoin might remain range-bound between $31,000 and $24,800 for a while.
The 20-day EMA's gradual downward slope suggests a bearish trend. This bearish view will be invalidated if the bulls can push the price above the 20-day EMA, potentially leading to a rise to the resistance zone between $31,000 and $32,400. Overcoming this barrier could signal the start of a new uptrend to $40,000. As such, the current market dynamics present a delicate balance between bullish and bearish forces.
US House Committee Approves Crypto and
Blockchain Regulatory Bills
In a significant move towards regulatory clarity for cryptocurrencies, the US House Financial Services Committee has approved two critical bills the Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act.
The Financial Innovation and Technology for the 21st Century Act provides a process for firms to certify their projects as adequately decentralized, enabling them to register digital assets as digital commodities with the CFTC.
Meanwhile, the Blockchain Regulatory Certainty Act seeks to remove regulatory hurdles for blockchain developers and service providers, including miners and decentralized finance platforms. The bills are now set to be introduced in the House of Representatives.
The SEC Accepts BlackRock's Spot Bitcoin ETF
The SEC has taken a significant step towards embracing cryptocurrency by accepting BlackRock's application for a spot Bitcoin ETF. This move marks the beginning of an official review process which could be a lengthy one.
The SEC's acceptance of BlackRock's application is part of a broader review of various funds, including those from Wise Origin Bitcoin Trust, WisdomTree, VanEck, and Invesco Galaxy. This development is seen as a positive sign for the crypto industry, increasing the likelihood of a Bitcoin ETF launch in the U.S. and offering the SEC a range of strategies and concerns to evaluate.
Working from home is great
for making a second income
In recent years, the rise of remote work has made it easier than ever to earn a second income from the comfort of your own home. With the ongoing pandemic forcing many businesses to embrace remote work, this trend has only accelerated. Here are some of the ways that working from home can help you earn a second income.
One of the biggest advantages of working from home is the flexibility it offers. Whether you're looking to supplement your full-time income or simply need a side hustle to help make ends meet, remote work can be tailored to fit your schedule. Many remote jobs offer part-time or project-based work, allowing you to take on as much or as little work as you can handle. This means you can work around your primary job or other commitments, giving you the freedom to earn a second income without sacrificing your personal life.
Working from home can also save you money in several ways. First, you'll save on transportation costs, including gas, parking, and public transit. You'll also save on meals, as you won't need to eat out as often. Additionally, you won't need to spend money on work clothes, as you can work in your pajamas if you choose. These savings can add up quickly, allowing you to earn a second income without needing to work as many hours.
Working from home can also open up new income streams that may not have been available to you otherwise. For example, you could start your own online business, offering products or services that can be delivered digitally. Alternatively, you could take on freelance work, such as writing, graphic design, or web development. The internet has made it easier than ever to connect with clients and customers from around the world, giving you access to a vast marketplace for your skills.
Improved Work-Life Balance
Another advantage of working from home is that it can improve your work-life balance. By eliminating the need for a daily commute, you'll have more time to spend with family and friends or pursue hobbies and interests. This can help reduce stress and improve your overall quality of life. Additionally, working from home can reduce distractions, allowing you to be more productive during your working hours. This means you can earn a second income without sacrificing your personal life or feeling burnt out.
In conclusion, working from home can be a great way to earn a second income. With its flexibility, reduced expenses, increased opportunities, and improved work-life balance, remote work offers many advantages for those looking to supplement their income. Whether you're looking for part-time work or a new business venture, working from home can provide the freedom and flexibility you need to achieve your goals. So why not explore the many opportunities available to you and start earning a second income today?
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