Investors in the United States who wish to trade Bitcoin without having to buy the cryptocurrency have been given another route to the top-ranked virtual currency via Bitcoin Exchange Traded Notes (ETN).
Details of the Bitcoin ETN
According to Bloomberg, starting Wednesday American investors will now have access to Bitcoin Tracker One, and BTC ETN and Crypto Gambling. The product which runs under the CXBTF ticker will be quoted in U.S. dollars. However, the clearing and settlement of the trade will be in Krona and Euro since the product is listed and regulated in Sweden.
The ETN is issued by XBT Provider, a subsidiary of CoinShares. The company developed the product in 2015. In July 2018, Amsterdam-based EU speed trading behemoth, Flow Traders became the first company to participate in the BTC ETN market.
For Americans, trading is this particular Bitcoin ETN is like purchasing a U.S. depository receipt in that a foreign-listed asset is denominated in U.S. dollars. Commenting on the ETN, CEO of Coinshares, Ryan Radloff said:
Everyone that’s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona. Given the current climate on the regulatory front in the U.S., this is a big win for Bitcoin.
ETN Might Represent a Soft Opening for Bitcoin ETF
The introduction of BTC ETN trading capability in the United States could be seen as a soft opening for the much sought after Bitcoin exchange-traded fund (ETF). The SEC has far remained unmoved in its reticence concerning issuing approval for any BTC ETF.
Recently, the Commission denied the Winklevoss twins’ ETF application while postponing its decision on the VanEck/SolidX, as well as the Direxion filings. According to the SEC, issues relating to liquidity, custodial tools, and price manipulation haven’t been sufficiently addressed.
ETNs and ETFs are similar in some respects as they provide an opportunity to invest in an asset without actually owning the asset. Such a trading avenue seems perfect for cryptocurrencies given their price volatility. However, a few subtle differences exist between the two. Rather than being an asset pool, ETN is more like a debt instrument that is backed by a bank or any other recognized issuing institution.
Do you think the Bitcoin ETN will gain traction in the American market? Keep the conversation going in the comment section below.
Ethereum Price Falls Below $300 as Cryptocurrency Market Tumbles – Crypto ICO Report NEWS13 Total viewsNo comments
The price of Ethereum has fallen below $300 as the cryptocurrency market enters a more intense bearish pullback. Except for Tether, all other top ten coins have experienced significant negative price movements within the last 24-hour trading period.
Ethereum Tumbles 17 Percent
Ethereum, the second-ranked cryptocurrency according to market capitalization sunk to its lowest 2018 valuation on Monday afternoon UTC. ETH has not traded below $300 since the start of November 2017. At press time, ETH has dipped more than 17 percent to take its 2018 decline to 60 percent.
The decline in the price of ETH is being attributed to the disillusionment of ICO investors. The sheer number of ICO exit scams and the amounts being siphoned by these pump and dump schemes has created negative sentiments in the ETH market.
Ethereum, the preferred platform for most ICO projects benefited from this fact reaching above $1,000 in February 2018. At the time, BTC was declining below $6,000. However, the tide seems to have turned as many of the ICO projects that generated interest in ETH, driving up its price have begun to cash out to cover expenses. Thus, the ETH is is starting to slide. Commenting on the issue, BloomWater Capital chief, Biswas Das said:
These startups are raising a lot of funds, but they don’t have treasury management or enough cash management experience, so they’re selling too early and causing a lot of pressure in the market. It was fine last year, but right now, the market is so fragile that it causes a lot of pressure.
The general bearishness perhaps exacerbates the ETH decline in the market occasioned by stricter regulations and the slow pace of institutional adoption. Experts believe that projects aren’t done cashing out and thus predict even more pain for ETH investors as prices sink even lower.
Bitcoin Dips More than 20 Percent in August as Altcoins Continue to Bleed
Bitcoin briefly slipped below the $6,000 mark in the early morning on Tuesday (August 14, 2018). The top-ranked cryptocurrency is now back above $6,000 at the time of writing this article. BTC has dropped more than 20 percent in August eroding most of the gains accrued in July. Bitcoin’s year-to-date decline now stands at 57 percent.
Positive sentiments leading up to the SEC’s decision on numerous ETFs drove prices up to $8,400 in late July. However, the Commission has either rejected or delayed approving the various filings brought before it. The consensus is that an SEC-approved Bitcoin ETF in 2018 is highly unlikely.
The altcoin market, in general, appears bleak as well with prices depreciating significantly. Cardano leads the decline in the top ten, falling more almost 20 percent within the last 24 hours. Outside the top ten, Ethereum Classic has been unable to maintain its upward price trajectory after a raft of platform adoptions. The 13th-ranked cryptocurrency is currently down by more than 19 percent in the last 24 hours.
How low do you expect the price of Ethereum to reach in this current decline? Keep the conversation going in the comment section below.…
As debuts go, Fabio Capello’s as England manager was reassuring but ultimately meaningless.
After the misery of the Croatia defeat at the same venue in November, Wembley’s sell-out crowd was happy to witness a victory instead, but the contest will pass quickly into memory.
As if it needs repeating, Steve McClaren and Qiu Qiu Online Graham Taylor both won their first games in charge but ended their reigns in humiliation, while Alf Ramsey lost his but ended up winning the World Cup.
England’s 2-1 win on Wednesday was unremarkable. Capello’s men dominated the first half hour territorially, although Switzerland looked the more incisive in the final third.
Jermaine Jenas finished off a smart passing move five minutes before half time to give his Italian boss the first goal of his reign, and when Capello replaced the goalscorer and Joe Cole on 57 minutes, it seemed the game would wind down for the remainder into the slumber England friendlies often serve up.
Plaudits, therefore, to Switzerland’s Eren Derdiyok for making a match of the occasion when he lashed a snapshot past David James a minute later – the goal of the evening.
England responded confidently and were ahead again in the 62nd when Steven Gerrard, the Man of the Match, powered through the Swiss backline before laying the ball off to Shaun Wright-Phillips for an easy tap-in.
Wayne Rooney and Joe Cole underlined why they should be next on the teamsheet after Gerrard; Rooney with some deft flicks and impromptu shooting and Cole with some dogged foraging down the left wing, including the incursion which lead to Jenas’ goal.
If David Bentley is David Beckham’s natural replacement on the right, he must improve his crossing to finally dislodge Goldenballs from the running. After one especially overhit centre, the fans in the adjacent corner serenaded the Blackburn midfielder with ‘there’s only one David Beckham’.
Capello’s England has only just begun the metamorphosis from also-rans to contenders, but there were still some interesting hints of things to come. England might have kicked off with some misplaced passes and nervy indecision in defence, but did not resort to aimless long balls like they did against the Croats and showed some rare understanding of the phases of the game as it went on.
Instead of just attacking stubbornly for 90 minutes, for a spell in the first half the Three Lions played keep-ball Latin-style, although their failure to advance out of their own half soon had the crowd jeering, perhaps provoking them to respond with a goal.
For much of the opening 45, Capello’s men showed the importance of playing in the opponents’ half and when leading in the second, they did well by taking the game to the Swiss instead of sitting on their advantage and counting down the clock.
While England never looked like losing to Switzerland – the Euro 2008 joint-hosts lost at home to the USA in October and are ranked 44th in the world (England are 12th), they also did nothing to dazzle the spectators or stake a claim to be up there with Europe’s best.
Still, I think we would settle for humdrum 2-1 wins all the way to the World Cup final in 2010.
If there was anything revolutionary in the air, it was the disciplined regime initiated by the much-travelled Italian, which may have had a knock-on effect on the fans, too.
No one can reasonably complain if he opts to call his captain ‘Gerrard’ instead of ‘Stevie G’, orders the players to keep to rigid meal times like friars in a monastery, and, at long last, has sent the WAGs, agents and assorted hangers-on packing from the team hotel.
The much-trumpeted minute’s silence to commemorate the 1958 Munich air disaster was barely 30 seconds, and was interrupted by two or three morons, but only two or three, which amid 86,857 at Wembley is not a bad ratio.
For the first time in my Wembley memory, I heard nobody in my section boo the visitors’ national anthem. I also failed to spot any flags emblazoned with the names of banned Ulster terror groups, and heard no bone-headed renditions of ‘No Surrender to the IRA’.
Looking around the gleaming new arena with its magnificent architecture, I wondered if at long last the boorishness that has dogged England’s fanbase for years was finally withering away in the face of a new era.
What surprised me most, though, was glancing to my left and finding my eyes fixed upon the familiar form of one of the world’s greatest coaches, looking unfamiliar in an England tracksuit, but brooding over his troops with his reknowned intensity.
Sterner tests will come, beginning with the trip to Zagreb to face Croatia on the 10th of September for a World Cup qualifier.
So far, so good: Capello has a 100% record. And for a non-English speaker picking up a team strangled by player egoes, and a nation demoralized by their failure to perform, he has showed an encouraging desire to do things his own way.
Assessments will change when the meaningful games arrive in the autumn, but for now, Fabio’s road looks the right one for England.
ENG – Jenas 40′
SWI – Derdiyok – 58′
ENG – Wright-Phillips 62′
England: James, Brown, Ferdinand, Upson, Ashley Cole (Bridge 73′), Bentley, Jenas (Wright-Phillips 57′), Gerrard, Barry (Hargreaves 73′), Joe Cole (Crouch 57′), Rooney (Young 87′).
Switzerland: Benaglio, Lichtsteiner (Behrami 46′), Senderos (Grichting 55′), Eggiman, Spycher, Inler, Gelson (Huggel 84′), Barnetta, Yakin (Margairaz 63′), Gygax (Vonlanthen 46′), Nkufo (Derdiyok 46′).
For nations like Japan, Saudi Arabia, Iran, Korea and now Australia, the Asian Cup is second only to the World Cup in importance and not only that, it is the one major competition that is, at present, winnable for such teams.
The Taeguk Warriors haven’t done so for 47 years – and, ten months after taking his place in the hotseat in Seoul, South Korean coach Pim Verbeek is determined to end that drought. However, the Dutchman feels that the people involved in Korean football are not all pulling in the same direction.
With less than four weeks until the agen slot Asian Cup begins, the K-League is still going at full pelt. Korea’s 14 clubs will play their last games before the summer break on June 23 and the midweek Hauzen Cup will come to an end four days later – just nine days before the national team leaves for Indonesia and Group D matches with the co-hosts, Saudi Arabia and Bahrain.
Verbeek believes the late finish as well as the hectic domestic schedule with games every weekend and Wednesday since the season began in March will harm Korea’s chances in Indonesia.
“As far as I can see, in less than three months time there have been 22 games – which is impossible. Players are tired, the coaches can’t train and have no time to improve the team and because of that. I have no preparation,” Verbeek told Soccerphile.
A congested fixture list is not unique to Korea. England is well-known for the amount of games played – the English season has already accounted for Park Ji-sung, Lee Young-pyo and Seol Ki-hyeon, all three of which are likely to miss the Asian Cup through injury but according to Verbeek, the situation is not the same.
“In England most of the players are a very high standard and in Korea we have so many young players. To improve young players you have to train. You have to do tactical training, you have to let them rest and let them develop. I see here 20 year-old players play 20 games in less than three months. What can we expect? You have to learn from your mistakes but if there’s no training…”
Occasionally there can be too much training. When asked if it would be possible to contact the K-league coaches to request that one or two players be rested occasionally, Verbeek smiled, shook his head and gave an example regarding Jeolla Province club Chunnam Dragons.
“When we went to Yemen recently for the Olympic game, we flew from Korea on Sunday evening. Most of the players played at the weekend for their K-League clubs. One of the teams lost on Saturday and the coach thought it was a good idea to give the players extra training at 6.30 on Sunday morning.
“I think that’s disrespectful for the players. Whether the Olympic team players play well or not, at least they need some rest before they go on a 20-hour trip.
“So, after those players played a game on Saturday, they had to train at 6.30 on Sunday morning, then travel to Incheon and then fly on Sunday evening to Yemen and then they are expected to perform on Wednesday.
“I have never heard of a coach who is training at 6.30 on Sunday morning after losing a game. I think if you do that in Europe then nobody will believe it. Physically and football-wise that is not the way we treat our players in Europe even if they lost a game.
“But it’s a different culture. It’s his (Chunnam coach and ex-PSV player Huh Jung-moo) idea to punish his players like this but the point is I needed those players for a qualification game for the Olympic team. At least I would have expected that those players be given a rest because the next evening they have to sleep on the airplane which is not the best preparation.”
Preparation. That is what Verbeek is at pains to emphasize as he looks to the team’s first game in the Asian Cup.
“Preparation for the Asian Cup is only two weeks; less than four weeks for the last World Cup and five months for 2002 but it is a challenge. The good part is that the players know what to do because we always play the same system. They know exactly what position they have to play.”
That will come in useful on July 11 when South Korea kicks off its campaign against Asian powerhouse Saudi Arabia.
“Saudi Arabia is one of the favourites,” said Verbeek, “so it’s good that we have them in the first round and as long as we progress then we can’t meet again before the final.”
According to the coach, there are a number of other rivals that Korea must watch out for in south-east Asia.
“Iran is always a difficult opponent, China I have no idea how far they are but they probably have good preparation. Japan always has a good selection of players to choose from.
“Australia? Most of their players play in England and I am very curious to know how they will handle that. The English season has finished so they also have to find a solution for players not playing from May 13 to July 8 or 9 – that’s a big challenge.
Korea are in the opposite situation.
“The good part of our preparations is that our players are match-fit,” says Verbeek and then laughs, “too much so!”
A sense of humour could come in handy over the next few weeks.
BLACKJACK GLOSSARY. Part 1.
Anchor – Last taken seat to the dealer’s right
Black Chip – A $100 blackjack chip
Blackjack – Total of 21 on your opening two-card hand
Break (Bust) – Exceeding a hand total of 21 pointsand lose the hand
Burn Cards – Take away cards from the top of the deck and place them in the discard tray after shuffling and cutting
Double Down (Doubling Down) – The option of doubling your initial bet after the initial two-card deal, but you can hit only one card, turn over your first two cards
Double Exposure – Blackjack game in which both dealer cards are shown to the player before they play their hand, some house rules may be changed
Early Surrender – Surrender allowed before the dealer checks for blackjack, a player may give up after their first two cards but before the dealer checks for an Ace in the hole
Face Cards – Jacks, Queens and Kings, all with a value of 10
Face Down Game – Your first card is placed face up while the second one is placed face down
Face Up Game – Both your cards are placed face up
First Base – First taken seat to dealer’s left, where the first card is dealt, the first blackjack player to receive cards when the dealer deals the cards
Hard Hand (Hard Total) – A hand without an Ace, or with an Ace valued at 1, it can only be given one value
Heads Up or Heads On – A head to head play with the blackjack dealer only, with no other blackjack players
Hi-Lo Count – One-level blackjack card counting system where cards 2 – 6 cards get a value of plus one and the 10s and face cards get a value of minus one
Hi-Opt – One-level blackjack card counting system, it assigns the value of plus one to 3’s, 4’s, 5’s and 6’s; minus one to 10s cards
Hole Card – This is the facedown card that the blackjack dealer gets
Hot Deck – To take another card from the blackjack deck.
Public Transportation in Argentina can now be paid with BTC | Shelter Crypto | Shelter Humanity | Charity Token Homeless | Charity Coin
BTC can be used to load the national contactless smartcard that is used for paying public transport throughout Argentina. According to the Argentine government’s website, these cards can be used for travel on buses, trains and subways in 37 cities including Buenos Aires.
BTC can be used to top up sube cards
According to local news outlet, cripto247, users of Sube (Sistema Unico de Boleto Electronico), can fund their rechargeable contactless smartcard with Bitcoin. They will be able to use it in 37 cities across Argentina from Thursday.
Public Transportation in Argentina can now be paid with BTC in Shelter Humanity
These cards are promoted and used by the Argentine Secretary for Transportation to pay for public transport services in Argentina. The government website explains that they are valid for “buses (trains, subways, and motorboats” The Buenos Aires tourism site notes that to travel by bus (or subte) in Buenos Aires you will need a rechargeable Sube card.
These cards can be top-up with Bitcoins thanks to the integration of Alto Viaje, an online card financing platform, and Bitex, a fintech startup. Alto Viaje can be found on the Sube government website as one vendor that cardholders may use to fund their accounts. Alto Viaje has more information on its website.
Alto Viaje & Bitex
Alto Viaje offers two methods of funding Sube cards now: Paypal and BTC. According to the website, Rapipago will soon be added funding via the platform. “Alto Viaje chose to use Bitex for the technology and liquidity that it has, which is a necessity to face a project this size.”
The Bitex CMO Manuel Beaudroit was quoted as saying that he believed that this project was of great importance because it brought technology as disruptive like bitcoin to the common man. He also stated that the minimum amount of funding in BTC is 50 Argentine Pesos ($1.32), according to the publication.…
The 2007 K-League season is slowly starting to get into its stride. The first three rounds have contained a reasonable amount of goals and excitement as the Korean media and coaches have been telling everybody who will listen. It is early days. Encouragingly perhaps, most of the good stuff has been shown by the bigger Togel Online clubs in the league. What is definitely promising is that those clubs have also been getting good results too. Seoul, Ulsan, Seongnam, Pohang and Suwon make up the top five and it will be no surprise at all if that same quintet is doesn’t change much from now until November.
Seoul are the pacesetters and are the only perfect pick from the bunch. Even more ominous for the others is the fact that new coach Senol Gunes has yet to see his team concede a goal in 270 minutes of league football. The Turk, like many other coaches pre-season, has promised entertaining football and the team are trying – though at the moment they can only do so in fits and starts.
Seoul have yet to meet any of the big boys however – in fact none of the top five have played each other yet. Hopefully the best is yet to come. The biggest news of the past week was not the K-League or Park Ji-sung scoring two goals for Manchester United but Ahn Jung-hwan’s hat-trick in the Hauzen Cup.
The first round of the competition saw Suwon’s traditional bogey team Daejeon Citizen visit the ‘Big Bird’ Stadium. Ahn took the purple hearts apart with a display of clinical offensive play not often seen in the K-League since, well, since he left in 2000.
Two calm finishes in one-on-one situations sandwiched a sweet half-volley from a narrow angle. Instead of kissing his wedding ring as in days of yore, Ahn celebrated his goals by kissing his index finger – the nation does not yet know the reason for this change!
It was inevitable then that calls for national team coach Pim Verbeek to include
the striker in his squad to face Uruguay on March 24 increased. “As soon as
he comes back to Korea, everybody wants him back in the national team,” Verbeek
told me earlier in the month.
“So do I, but not immediately. I wanted to take
some pressure from him. We have time to find out if he is the same as in 2006
and before that.” As it turned out, it was too soon for the “Lord of the Ring”
but if he continues to perform domestically, few would bet against him playing
some part in the Asian Cup this summer.
He will have to watch from the sidelines on Saturday as will experienced midfielder Kim Nam-il. Ahn’s Suwon team-mate was stretchered off the pitch in last Saturday’s 1-0 win over K-League with a neck injury.
His place will be taken by new boy Son Dae-ho of Seongnam – a
midfielder that was impressive form in the second half of last season and the
beginning of this. The Seongnam new boy will be finding his way around Paju
National Football Center along with Kim Chang-soo of Daejeon Citizen, Kang Min-soo
of Chunnam Dragons and Ki Sung-young of FC Seoul.
South Korea Squad:
GK: Kim Yong-dae (Seongnam), Kim Young-kwang (Ulsan), Jung Sung-ryeong
DF: Kim Chi-kon (Seoul) Kim Chi-woo, Kim Jin-kyu and
Kang Min-su (all Chunnam), Lee Young-pyo (Tottenham, England) Oh Beom-seok (Pohang)
Kim Dong-jin (Zenit, Russia) Kim Chang-soo (Daejeon)
Doo-hyun, Kim Sang-shik, Son Dae-ho (All Seongna) Baek Ji-hoon (Suwon) Kim Jung-woo
(Nagoya, Japan) Ki Sung-young (Seoul) Oh Jang-eun (Ulsan) Lee Ho (Zenit, Russia)
FW: Cho Jae-jin (Shimizu, Japan) Jung Jo-gook (Seoul) Lee Chun-soo
(Ulsan) Park Ji-sung (Manchester United, England) Seol Ki-hyeon (Reading, England)
Yeom Ki-hoon (Jeonbuk) Choi Sung-kuk (Seongnam)
It’s ‘snow’ joke
The Asian Champions League started on March 7 with two of South Korea’s three
representatives in action – champions Jeonbuk Hyundai Motors have a bye to the
quarter-finals. Chunnam Dragons made their debut in the competition by failing
to defeat Bangkok University.
The hosts were the happier of the two with the
goalless draw as they made the Korean FA Cup holders look very average on a
sultry Thai night. Conditions were a little different back home where Seongnam
Ilwha Chunam started their campaign with a easy-looking game with Vietnamese
outfit Dong Tam Long An.
It was a cold day just to the south of Seoul and the seven-time champions were confident of handing their opponents a sound beating.
About 30 minutes before kick-off however, it started to snow and the white stuff
just kept on coming. By kick-off the pitch was just about playable but ten minutes
into the game it was impossible to see any markings as the white carpet got
thicker and thicker.
Nobody thought to use a coloured ball and instead we were
treated to players gingerly walking around in a blizzard trying to find a white
sphere on a white background.
“Obviously it was very difficult for Dong Tam coming from Vietnam,” said Seongnam coach Kim Hak-beom with just a little understatement.
“These were the worst conditions I have ever seen.” Most of the visiting players
had never even seen snow before and it was a heavy fall even by Korean and other
Seongnam striker Kim Dong-hyun spent last season in Russia but
said: “I never saw anything like this.” The seven-time champions won 4-1 but
the Vietnamese coaching staff, the ones not tucked beneath blankets on the bench
that is., were obviously unhappy at the start of the second half and it looked
as if the game would be abandoned. AFC and perhaps other officials intervened
and the ‘game’ restarted. “It was a mistake to continue in these conditions,”
said Portuguese coach Henrique Calisto. “My players have never experienced anything
like this before. “When Seongnam come to Vietnam we will show them some nice
and warm weather and hopefully a good game”…