Bitcoin Futures ETF News, Polkadot's upcoming Parachains Auctions, JP Morgan's stance on crypto and much more..
Good Morning FinTech, 15 October
📰Hello my inspired community :), this is our 4th newsletter and wohoo, our newsletter community has grown to 1500 subscribers. This has to be one of the best newsletter as i will go over with you what is expected of a massive news in crypto space in the upcoming days, we expect to see a massive bull run that we have been waiting for :)
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1-Bitcoin ETFs may finally make their debut to the trading public next week
Cryptocurrency enthusiasts and the exchange-traded fund industry are bracing for the first bitcoin futures ETF to begin trading Tuesday, when the ProShares Bitcoin Strategy ETF is scheduled to debut at the NYSE.
The anticipation Sends BTC to $60k for the first time since April after reports of imminent ETF approval
Note: The ETF goes active unless the Securities and Exchange Commission objects to the filing, which can happen right up until midnight Monday.
“I would give it a 75% chance of approval,” — ETF Trends director of research Dave Nadig
2-Polkadot Community Approves Proposal for Parachain Auctions
Polkadot, a Layer 1 project promising to make blockchain networks interoperable with one another, took a major step toward that goal by voting to approve a proposal to launch its first parachain auctions.
The first Polkadot parachain auctions will begin in November (November 11th with possibility of minor adjustments)
The move is seen as a major step toward enacting multichain interoperability.
The price of $DOT reacted positively to the news heading up over 20%
Read more about parachains: https://polkadot.network/launch-parachains/
3-Coinbase is launching a marketplace for NFTs
Coinbase plans to take on the NFT market by launching their own NFT Market place.
Coinbase has opened a waitlist for a marketplace that lets users mint, collect and trade nonfungible tokens.
Coinbase’s NFT Waitlist Tops 1 Million Signups on First Day
The NFT market has boomed this year, with sales volume topping $10 billion in the third quarter, according to DappRadar.
The move could be a way for Coinbase to branch out into new revenue streams — it currently relies heavily on exchange fees.
4-JPMorgan Chase chairman and CEO says bitcoin is ‘worthless’ while JPmorgan has investments in blockchain Companies
“I personally think that bitcoin is worthless,” Dimon said during an Institute of International Finance event on Monday
He also mentioned that “regulators are going to regulate the hell out of it.”
This is all said while JPMorgan Chase has over 200M$ invested in blockchain companies
5-Russia’s Putin says crypto has ‘value’ — but maybe not for trading oil
Russia has hinted it could move away from dollar-denominated oil if the U.S. continues to impose targeted sanctions.
Asked whether crypto could be used as an alternative to the greenback, President Vladimir Putin said it was “too early to say.”
“I believe that it has value, But I don’t believe it can be used in the oil trade.” he said.
6-'Squid Game' reaches 111M viewers, becoming Netflix's biggest debut hit — Jeff Bezos praises Netflix
"Squid Game" has officially broken records, becoming Netflix's biggest series launch by reaching more than 111 million viewers.
Jeff Bezos (whose Amazon Prime Video is in direct competition with Netflix) tweeted in praise of Netflix and its internationalization strategy that has turned several obscure, non-English shows into global hits.
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