ProBit: Professional Digital Currency Exchange Holding Something in Store for Everyone

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ProBit: Professional Digital Currency Exchange Holding Something in Store for Everyone
The ProBit team aims to ensure the future of the new technologies and they are going to achieve their goal by introducing a product that is user-focused. In fact, the ProBit team did not raise funds until their product was ready – which took a year to complete on their own. new, highly professional and secure marketplace for digital currencies that will unite users from all over the world.
The resulting matching engine has a massive processing capacity of 1,500,000 transactions per second, one of the world’s fastest. ProBit users no longer have to wait precious seconds, or even minutes, for their trades to be executed. Their trades will be executed fast and at the prices they wanted.
Security is considered to be a top priority for the platform. Over 95% of all assets are to be stored in a cold wallet which guarantees a much higher level of safety in comparison with online storage. This is in stark contrast to a number of other new exchanges who often purchase white label solutions and stick their logos on the exchange platform, which opens up a space for hacking risks.
Security is Paramount for Cryptocurrency Exchanges
In accordance with an enhanced encryption algorithm, all data is encrypted more than once. Support of FIDO U2F hardware security keys will also significantly increase the level of security. This is a physical key that can be used as a 2 Factor Authentication method. The key looks super cool too, which is great for boasting at bars.
ProBit will offer an opportunity to work with over 150 cryptocurrencies among which 5 coins will be supported as base currencies. These 5 coins are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), EOS (EOS) and ProBit Token (PROB).
ProBit Token
The native platform’s currency PROB is a utility token. Though the main aim of this token is to be used to pay the platform’s fees, its holders will have a wide range of benefits. For example, they will enjoy trading fee discounts and have the right to vote for listing new tokens. Moreover, they will get access to new features earlier than other users and their referral bonuses will be increased.
What is Unique about PROB Token?
PROB tokens have never been used for bounty programs or other marketing services. The result is that there will be no bounty hunters or marketers dumping the token when the PROB token is being traded. Smart move from the ProBit team in ensuring that the tokens will have more upward momentum and limited downside risks from dumpers.
Abundant Liquidity
As its primary income source, ProBit charges a 0.1% trading fee to takers & 0.05% trading fee to makers. Charging a low fee to makers (i.e. base rate of 0.050%) proves ProBit’s commitment to creating abundant liquidity by giving advantages to market making. This pricing as well as mining of PROB tokens designed to encourage liquidity in exchange and provide benefits for makers.
Upon utilization, the price of the ProBit token is expected to rise, leading to long-term sustainability and profitability for both the exchange & investors.
ProBit Token Sale Details
ProBit is holding the Main Sale of ProBit Tokens (PROB) from November 30 to December 30, 2018. PROB tokens are never used for bounty and marketing services. 20% of ProBit Exchange profits will be used to buyback PROB tokens. See project’s official website for more details.
ProBit: Professional Digital Currency Exchange Holding Something in Store for Everyone

Sirin Labs’ Blockchain Phone Can Only Be Bought With SRN Tokens

Blockchain phones are all the rage right now. These mobile devices will offer exposure to distributed applications and various cryptocurrencies. Sirin Labs is one of the main companies people are keeping an eye on. Unfortunately, buying their blockchain phone, the FINNEY, is not as straightforward as assumed.

The Sirin Labs Marketing Stunt
Developing a blockchain phone and pricing it at $1,000 is a pretty big gamble. However, not letting customers buy the device with traditional payment methods is something else entirely. Anyone who is interested in this device will need to obtain SRN tokens to buy the item. For early pre-orders, the SRN token is the only option. Additional payment methods may be added in the months to follow.
The blockchain phone by Sirin Labs offers some interesting features. Users can benefit from the built-in hardware wallet which supports different cryptocurrencies. Additionally, the company aims to let users convert crypto assets to other assets on the fly. That latter features will be explored further in the future. In its current state, the device only supports the native SRN token, as well as Bitcoin and Ethereum. Starting with two of the major cryptocurrencies is a promising approach.
This limited number of payment channels can hold adoption of the FINNEY blockchain phone back significantly. Obtaining the SRN token can be done through numerous online exchanges. Even so, users will still need to obtain either Bitcoin or Ethereum first. Other upcoming payment channels include credit and debit card payments. It is expected these options will become available come January 2019.

A Questionable Approach
Purposefully not accepting Bitcoin or Ethereum payments is an odd move. While Sirin Labs created its native token specifically for such purposes, it is not the highest-valued project. The current market cap of under $38 million shows the SRN token is not a hot commodity at this time. Even this news regarding an actual use case for the token seemingly does not convince investors.
Additionally, company co-founder Moshe Hogeg is in the eye of the storm. While he denies all allegations, sources claim he misappropriated investor funds. Despite a successful initial coin offering for the Sirin Labs Token, its co-CEO is currently under a lot of scrutiny. That can harm the release of their blockchain phone as well. Even so, the company has developed a working product which can be tested at an exclusive event in Barcelona.
The big question remains whether or not people want a blockchain phone. One can set up any mobile device to act as cold storage. Additionally, there are hardware wallet solutions which cost less than 20% of the FINNEY. Those can be paid for with different payment methods that are far more common than SRN. As such, it will be interesting to see how the company fares. The concept of “blockchain phones” is intriguing, although their price tag is on par with more popular high-end phones.
What do you think about needing SRN to buy the FINNEY? Let us know in the comments below.

Images courtesy of Shutterstock and Sirin Labs.
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German Private Equity Firm Xolaris Doubles Down on Bitcoin Mining Efforts

Bitcoin’s terrible price performance forces companies to make tough calls. Especially in the mining department, breaking even has become a lot more difficult. German private equity fund Xolaris sees things differently. The company will invest $50m in Bitcoin mining for the Asian market.

The Current State of Bitcoin Mining
The topic of Bitcoin mining has gotten a lot of attention throughout 2018. In most cases, this pertains to the electricity consumption associated with this process. There is also the falling Bitcoin price to keep in mind. A lower price makes it more difficult, if not impossible, for miners to break even. So far, the year 2018 has not been too positive in that department.
Last week, Bitcoin briefly became the least profitable version to mine. Both Bitcoin Cash and Bitcoin SV surpassed its profitability. While things are returning to normal, there are still a lot of unanswered questions. Mining Bitcoin usually revolves around hoarding BTC and hoping it appreciates in value. The year 2018 has not shown any glimpse of such a trend coming together. This makes it difficult for new players to enter this market at this time.
One company bucking this trend is Xolaris. The German private equity firm has a bold plan. They are in the process of entering the Asian market. As such, they aim to set up a Bitcoin mining farm over the coming months. A somewhat unusual decision, as Bitcoin’s value struggles to remain near the $4,000 mark. cryptocurrency mining is still popular in Asia. As such, it makes sense for Xolaris to target that market first and foremost.

Xolaris has Previous Experience
It is not the first time Xolaris tries its hand at Bitcoin mining. The company is already active in the European market. Their main Bitcoin mining operation is set up in Sweden. That country has been rather popular due to its access to renewable energy. Every Bitcoin mining farm is looking for ways to reduce overhead costs in different ways.
Xolaris also plans to raise up to 50 billion euro with its new European fund. They aim to achieve an annual return of up to 21% over the coming years. All proceeds will be used to expand the Swedish Bitcoin farm in the future. Both of the company’s mining ventures come at a crucial time for the cryptocurrency industry. Rather than looking at the negative, the company sees this price decline as a positive.
For the Bitcoin community, this news is more than welcome. The Bitcoin network has seen a decline in overall mining power. As prices continue to fall, miners are shutting down their operations accordingly. With Xolaris doubling down on mining efforts, that situation can be partially negated. Overcoming this near 50% drop in hashrate will not happen overnight, though. Xolaris has not commented on how much hashpower they will bring online.
Do you think Xolaris is making a mistake or can Bitcoin mining become profitable again? Let us know in the comments below.

Images courtesy of Shutterstock
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Cryptocurrency Scam: Texas Securities Board Issues Another Cease and Desist Order

Regulators in Texas have once again issued a cease and desist order against a promoter of an allegedly fraudulent cryptocurrency investment scheme. Meanwhile, the indicted party insists that the accusations are false; citing the many beneficiaries of the virtual currency investment vehicle.

Alleged Fraudulent Cryptocurrency Investment Scheme
The Texas State Securities Board issued a press release announcing the order on Wednesday (November 28, 2018). According to the statement, Travis J. Iles entered an emergency cease and desist order against one Mark Steven Royer for offering a fraudulent cryptocurrency investment scheme.
Details of the order show that Royer allegedly failed to disclose critical information about the scheme being promoted – a cryptocurrency trading and mining program offered by My Crypto Mine. The California-based Royer is also a principal officer of the firm which is reportedly targeting Texas-based investors.
According to the order, Royer assured investors of between 10 to 20 percent ROI on a weekly basis. However, there is no information about company personnel or trading strategies utilized.
Texas regulators also say that Royer failed to disclose his affiliation with a company called BitQyck. Between 1996 and 1997 its two chief officers suffered disbarment and criminal convictions for fraud and siphoning client funds respectively.

The Accusations are Ludicrous
Responding to the allegations, Royer described them as ludicrous. Speaking to The Dallas Morning News, Royer said:
It’s pretty laughable to be honest. We’re a tiny little investment club. There’s multiple inaccuracies in their document that I’ll let my attorney take care of. They don’t even have our website domain right.
According to Royer, the investment scheme has helped lots of people earn money to pay off college debts and increase their retirement savings. As for his involvement with BitQyck, Royer said he had no relationship with the company.
Royer has about a month to respond to the order before the window of appeal expires. Failure to comply with the order could see him face up to 10 years in prison with a fine of about $10,000.
In another development, the FBI recently arrested Jared Rice Sr., the chief executive of Dallas-based AriseBank, on charges of wire fraud and securities fraud. The FBI says Rice swindled investors numbering over a hundred to the tune of $4 million.
Prosecutors allege that the AriseBank CEO touted false claims of offering Visa-brand debit/credit cards, cryptocurrency services, as well as, being FDIC insured. Rice also allegedly misappropriated investors for his personal use.
In the United States, regulators at both the state and federal level are ramping up efforts to combat fraudulent cryptocurrency businesses. In the last few months, states like Colorado, North Dakota, and Texas have issued cease and desist orders against numerous suspected fraudulent virtual currency investment schemes.
Do you think that Royer is running a fraudulent cryptocurrency investment scheme? Let us know your thoughts in the comments below.

Images courtesy of Shutterstock

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Stellar Lumens (XLM) Edges Past Bitcoin Cash (BCH) into #4 Spot

The cryptocurrency market’s wild November roller coaster ride has resulted in multiple changes in the top crypto roster. The latest upset? Stellar Lumens (XLM) has unseated Bitcoin Cash as the #4 cryptocurrency by market cap.

Stellar Overtakes Bitcoin Cash
While beleaguered Bitcoin Cash and Bitcoin SV continue to duke it out behind the scenes, Stellar Lumens (XLM) has managed to slip past BCH to claim the #4 cryptocurrency spot. According to CoinMarketCap, XLM’s current market cap sits at around $3.01 billion – surpassing that of Bitcoin Cash by a margin of just $20 million.

Bitcoin Cash has seen its market cap slashed by more than 60% since the November 15 hard fork – from $7.78 billion down to $2.99 billion. This is no doubt due to the one-two punch of the community split between Bitcoin ABC (Bitcoin Cash) and Bitcoin SV (BSV) and the market crash that resulted in a total crypto market cap loss of more than $40 billion in less than 24 hours.

Despite Stellar’s tenuous hold on the #4 spot, XLM – like nearly all cryptocurrencies – remains in the red at press time. Coming off of a 3-day gain of more than 23% – from $0.138 to $0.170 – between November 27th and 20th, XLM price has since dropped to $0.158 – a loss of roughly 7%.
Other Cryptos Jockeying for Position
Stellar isn’t the only cryptocurrency to have ousted top position holders in November. Earlier this month, Ripple’s XRP surprised everyone by leapfrogging past the previously-entrenched Ethereum (ETH) to claim the #3 spot. While XRP has temporarily topped Ethereum in the past, the lead has always been shortlived. This time may prove different, however, as XRP has maintained a fairly stable $2 – $3 billion lead over Ethereum for more than ten days. With so many ICOs liquidating their ETH holdings right now, that doesn’t look to change anytime soon.
If the crypto community was surprised by the respective coups of Stellar and XRP, they were positively flabbergasted by Bitcoin SV’s (BSV) debut on CoinMarketCap. Not only did Bitcoin SV get listed on CoinMarketCap within two weeks of the hard fork, but it debuted in the #8 spot – and climbed to #7 in less than two hours! Since then, it has fallen off a bit but is still holding steady as the #9 cryptocurrency by market cap.
Do you think that Stellar will be able to hold on to the #4 spot? Let us know in the comments below.

Images courtesy of Shutterstock, CoinMarketCap
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Dan Larimer’s New Project “MonerEOS” Fails To Sway Crypto Investors

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Dan Larimer’s New Project “MonerEOS” Fails To Sway Crypto Investors
Dan Larimer, founder of the EOS blockchain network and CTO of Block. One, has recently failed in his new project dubbed MonerEOS. On Wednesday, November 28, Larimer made an announcement about his non-EOS project through his Telegram handle. There he affirmed that he is working on a completely new cryptocurrency project.
Popularly known as BM in the developer circle, Larimer gave little information about the project and plans further for a “hypothetical token”. He said that the token would be “immutable, non-programmable, and limited to a currency role.”
Larimer is also the co-founder of popular projects like DAO BitShares and Steemit. However, he had his own reasons to leave both these project. He left BitShares because the community didn’t want to proceed further with his vision. He left Steemit because there intractable problems there. Larimer said: “… starting over with new blockchains is not something I do lightly. I do it only when there are intractable problems with the underlying foundation.”
Stumbling on the MonerEOS Project
Larimer says that this idea of MonerEOS token clicked him while working on EOS’ scalability and security solutions.
“In the process of working on EOSIO security and scalability I stumbled upon a new set of tradoffs for a potential crypto token and I have merely been exploring whether there is a market for those tradeoffs. EOSIO is the future of blockchain and each day our team at block one is making it faster, more secure, more scalable, and more flexible,” Larimer wrote on his Telegram channel.
In another message, Larimer further wrote that this new hypothetical token would be non-programmable and immutable. Moreover, it would also limit itself to the role of cryptocurrency. He added that the token in no way would compromise larger use cases for the EOS applications.
In another Telegram message on Thursday, Larmer gives the list of attributes for the MonerEOS token. Below are the 13 attributes which he mentions.
1. Complete privacy. No risk of future disclosure
2. User-created tokens
3. Potential for gambling apps
4. 2 trx per second per account
5. No staking or voting
6. 200ms confirmation and irreversible
7. Unknowable exact supply, estimates only.
8. Generally deflationary.
9. Require initial trusted setup
10. Not possible to detect breach in security until new supply enters market
11. Security would likely take nation state level resources to crack
12. No new crypto math
13. Tech foundation already used by governments for most secure infrastructure
He also wrote that “Crypto people will hate it”.
Recent Controversies Surrounding EOS
EOS has recently received a huge criticism over its governance model. Moreover, the network fueled further controversy recently when reversed previously-confirmed transactions. Last month in October, Larimer also noted that EOS was not properly focused on providing decentralization.
Earlier this month, a report questioned whether EOS was really a blockchain or just a distributed database? The report authors revealed several aspects of the EOS protocol, and comes to the conclusion that it suffers from serious security breaches as well as network performance that is significantly lower than what was claimed.
It further notes:
“EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated.”
Dan Larimer’s New Project “MonerEOS” Fails To Sway Crypto Investors

North Korea Blockchain Conference: Even North Korea wants Blockchain

North Korea has always liked showing off its technological advancements. Now, at a rather strange time, the country is showing support for Blockchain technology. The country has announced its plans to host a North Korea Blockchain and Crypto conference, much like the one which was hosted earlier in August. North Korea already shared the announcement that preparations are undergoing.
The country aims to host some of the most renown Crypto operations and Blockchain Technology experts from all over the world. The experts will share knowledge and address issues, which the technology currently faces in the Pyongyang North Korea Blockchain Conference. With the conference lasting an entire week, guests will also be allowed to tour the country.
North Korea Blockchain Conference aims to spread the word
The promotional website for the event says blockchain and cryptocurrency experts will gather for the first time in Pyongyang to share their vision and knowledge. The goal is to establish new connections and discuss possible future business opportunities for projects or a North Korea Blockchain.
Despite predictions, American citizens are welcomed to attend the conference. Israel, South Korea and Japan are strictly banned from any form of attendance. Journalists and any form of mass media, which produces materials which harm the dignity of the Republic will also be banned.
North Korea’s growing interest in decentralized currencies and blockchain tech has been apparent in the past months. Last year, the cybersecurity company Alienvault came upon a software, which was mining Monero and send all the digital currency to a server in a North Korean university in Pyongyang. Additionally, there were multiple reports of North Korean hacker groups being behind attacks on South Korean companies.
Experts believe that North Korea is heavily investigating the opportunity to use cryptocurrencies to evade the imposed sanctions from the United States. North Korea is not the first country looking to evade sanctions via digital currencies. Russia, Iran and Venezuela are currently exploring or trying the possibilities of digital currencies and blockchain technology.
Read more:

FAANG Stocks down 1$ Trillion since this year’s highs
Zero-knowledge Proof and the differences between private and public Blockchains
North Korea is using digital currencies to evade sanctions
Top 5 worst Initial Coin Offerings of 2018

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Floyd Mayweather, DJ Khaled Face Music from the SEC

The pro boxer and the music producer have been charged by the regulator for promoting ICOs without disclosing payments received.

Professional boxer Floyd Mayweather and American DJ and music producer Khaled Mohamed Khaled had used their influence to pump up initial coin offerings (ICOs) without revealing to investors that they had been paid a promotional fee.
The U.S. Securities and Exchange Commission (SEC) accused both celebrities of violating a federal law that requires individuals who are advertising investments to disclose that they are being paid to do so.
Both men will have to shell out hundreds of thousands of dollars in penalties and interest to settle the charges. The information was released earlier by the SEC on its website.

Stephanie Avakian, Enforcement Division Director, said:
These cases highlight the importance of full disclosure to investors. With no disclosure about the payments, Mayweather and Khaled’s ICO promotions may have appeared to be unbiased, rather than paid endorsements.
The ICOs Promoted
Mayweather and DJ Khaled are accused of advancing the token sale of Centra, a Miami-based firm which raised $32 million through an ICO last year.
According to the SEC, Floyd Mayweather, while touting Centra’s ICO, tweeted, “It starts in a few hours. Get yours before they sell out, I got mine.” DJ Khaled reportedly called it a “game changer” on his social media accounts.
Mayweather, it is reported, was paid a $100,000 promotional fee by Centra Tech Inc., while Khaled was paid $50,000. Both did not disclose it while publicizing the ICOs.
The SEC said that it was the first time that the regulator had cracked down on individuals found to be in violation of the norms.  The regulator has repeatedly been warning that tokens sold in ICOs may be securities and that those offering them need to comply with federal securities laws.
Mayweather, according to the article, also did not disclose a $200,000 fee that he received to promote two other ICOs.

Settlement Details
Mayweather will shell out $300,000 in disgorgement, $300,000 in penalties, and $14,775 in interest. Khaled will pay $50,000 in disgorgement, a $100,000 penalty, and $2,725 in interest. Both settled the charges without admitting or refuting them.
Under the settlement, Mayweather will not promote securities for three years and Khaled for two years. Both have also agreed to cooperate with the ongoing investigations.
The founders of Centra were also slapped with civil charges by the SEC earlier this year. They are accused of running a fraudulent ICO. The Justice Department also filed criminal charges against Centra.
The action against both public figures should act as a deterrent against this practice by ICOs of leveraging celebrities to fleece gullible investors.
What are your thoughts about the action against Mayweather and DJ Khaled? Let us know in the comments below.

Images courtesy of Shutterstock and LBN archives.
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Canaan Creative Putting Up Huge Flash Sale for All Miners

A great initiative was undertaken by Canaan Creative. The bitcoin mining firm decided to temporary reduce prices for all of its mining devices.
This is referred to as a “flash sale” and it began on November 29th. The flash sale will affect every single one of company’s miners. Both the Avalaon 921 and 851 models, which mine at (20 TH/s and14.5 TH/s respectfully) are currently available for $200.
There is no limit on the flash sale and according to the company, all the miners can be bought until depletion. The only exception is the Avalon 911 which is currently sold out.
Canaan Creative is willing to take a few hits in order to help miners
Steven Mosher is a representative of Canaan Creative and he wants people to have real reasons to enjoy the 11% bitcoin growth in the last few days. Miners should have something to look forward to after the last few weeks.
Mosher said:
“Miner profits were suffering in the last few weeks. There were shared concerns by many firms that miners were simply turning off machines are quickly selling everything. The emphasis was placed on the small guys, which were rumored to be leaving the market at a never-before-seen pace. That’s why when I saw Bitcoin up to around $4300, I wanted to celebrate. With bitcoin price rising however, mining gear was expected to rise as well. That’s why I wanted to try another approach.”
It’s no secret that the recent “bitcoin hash war” left the community and the market in a bad spot. Mosher explained that when it comes to mining preferences, the company is agnostic. He hopes people mine coins of their choosing and big miners remain committed and hopeful.
The firm is well aware that the flash sale comes in a tough period for miners. Last week was especially troublesome after the mass bitcoin miner exodus. The world’s 3rd-largest pool, F2Pool announced that more than half a million bitcoin miners have shut down since 15th of November.
Canaan hopes that the flash sale will have a revitalizing effect on miners. While the markets may not be anywhere near last year’s levels, a little investment can go a long way. If more mining companies were willing ot take hits such as Canaan, miners would have an easier time dealing with the current situation.
You can also check out:

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eToro CEO: Selling your crypto now, is like selling Apple stocks in 2002
Coincheck is Back on the Market After January’s $533 Million Hack
Sanctions Can be Ignored with Blockchain Technology: Russia’s Stance

 

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A Look Into Whether VanEck Bitcoin ETF Addresses Manipulation Concerns of SEC Chairman

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A Look Into Whether VanEck Bitcoin ETF Addresses Manipulation Concerns of SEC Chairman
Bitcoin investors are eagerly waiting for the arrival of derivative products like Bitcoin ETF. The arrival of Bitcoin ETF is likely to flood the crypto market with institutional money, as claimed by some experts. However, the U.S. Securities and Exchange Commission has remained reluctant to approving ETF products. The agency explains it denial citing several cases of market manipulations and the exchanges’ inability to deal with it.
Speaking at the Consensus: Invest conference earlier this week, SEC chairman Jay Clayton said that crypto exchanges have the lack of proper market surveillance tools. Clayton also referred to stock exchange like Nasdaq and NYSE having proper surveillance tools preventing manipulative activities.
“When you see an asset trade on [the] Nasdaq or NYSE, there’s a great deal of surveillance preventing you and me from teaming up and pretending we’re decentralized. Those sort of safeguards do not exist in a lot of markets where digital currencies trade,” he said.
Will VanEck Bitcoin ETF Address Clayton’s Concerns?
In July 2018, CBOE filed for Bitcoin ETF proposal pitched by the VanEck Solidx Bitcoin Trust (“the Trust”). The CBOE Bitcoin ETF is physically-backed by Bitcoins which will be held by the Trust. However, the  VanEck Bitcoin ETF is facing repetitive delays and the final decision is likely to arrive by February 2019.
While the SEC has turned-down several Bitcoin ETF proposals this year, the VanEck Bitcoin ETF is different. The VanEck ETF filing shows that it will allow over-the-counter (OTC) trades for accredited investors in the traditional financial market. This can certainly fall in the advantage of VanEck.
Gabor Gurbacs, a digital asset director at VanEck says that the OTC trading desks are liquid, robust, and better regulated as compared to traditional crypto exchanges. Gurbacs believes that this could probably help to address SEC’s concerns.
“The OTC trading desks are more robust, efficient and liquid, as well as better regulated, than most of the crypto trading platforms. They are an important and often unsung heroes in institutional crypto space,” Gurbacs said.
Gurbacs notes that these are his personal views and not of VanEck.
“I believe that the comments raised on pricing, surveillance and custody all have appropriate answers. Digital asset market structure is developing rapidly and towards the right direction,” he further added.
Last week itself, VanEck subsidiary MV Index Solutions (MVIS) announced the launch of Bitcoin OTC Index. This will further help to strengthen VanEck probability of the Bitcoin ETF approval by the SEC. VanEck hopes that deriving price data from OTC desks will help to alleviate market manipulation concerns.
“We are excited to be the first provider to launch a bitcoin index based on the pricing feed of OTC trading desks,” said Thomas Kettner, Managing Director at MV Index Solutions. “This enables clients who trade over the counter to use this index as a reliable benchmark for their trades or potential investment products.”
A Look Into Whether VanEck Bitcoin ETF Addresses Manipulation Concerns of SEC Chairman