VanEck-SolidX ETF, put on sale in “limited version”
VanEck Securities Corp. Investment Management Companies and SolidX Management announced that they will sell a “limited version” of Bitcoin ETF to institutional investors. In accordance with US regulations, the ETF can be sold to qualified investors such as hedge funds, brokers and banks.
According to a report by the Wall Street Journal, the decision was made to demonstrate to the SEC that there is market demand for such a product. The regulatory authority has repeatedly postponed the decision on VanEck-SolidX’s bitcoin ETF proposal.
Bitcoin.com launches its own crypto exchange
Bitcoin.com has announced the official launch of its own cryptocurrency exchange, which it has been working on for the past year. According to statements by Danish director Chaudhry, they hope the platform will compete with established exchanges such as Coinbase and Binance.
“Bitcoin.com is one of the most trusted brands in the industry,”
he said.
For a three-month promotional period, traders will benefit from negative fees of 0.3 percent. According to Chaudhry, the promotion encourages newcomers
“To be paid to trade. The negative tax promotion is valid for cumulative transactions of up to $ 1 million ”.
The new exchange will offer trading pairs for Bitcoin (BTC), Ethereum (ETH), Bitcoin cash (BCH), Tether (USDT), XRP, Dash, Litecoin and EOS.
The Bitcoin.com site has been the center of much controversy, being accused of misleading newcomers by promoting Bitcoin Cash (BCH) instead of Bitcoin (BTC).
Bitcoin dominance in the market exceeds 70%
Over the past 24 hours, the price of Bitcoin has remained around $ 10,400, while BTC’s market dominance has exceeded 70%. However, weak trading volumes indicate that the recovery could be short-lived.
Bitcoin bulls have failed four times in the last 10 weeks to secure a weekly closing over $ 12,000. In the meantime, sellers have failed to keep prices below $ 9,500.
Weekly graphs show that a return to $ 9,750 is possible later this week.
Bitcoin accepted as payment method at Burger King in Germany
Burger King customers in Germany have reported that the Burger King mobile payment app now supports Bitcoin, in addition to traditional methods of Visa and PayPal.
BREAKING: Burger King in Germany now accepts Bitcoin in their app!
Every day more than 11 million guests visit Burger King restaurants around the world. Also the second largest fast food burger place in the world.
BTC accepted here, BTC accepted there, BTC accepted everywhere! pic.twitter.com/CiWXh7B6dB
– Crypto Sara (@AltcoinSara) September 1, 2019
Currently, Burger King has over 720 locations in Germany and over 18,000 restaurants worldwide. Mobile app for quick payments was developed in partnership with Tillster, a mobile payment solution company in San Diego. The company said the growing customer base required a fast and scalable payment system. The integration of Bitcoin as a payment method is proof of the fact that Burger King is looking to adopt modern shopping solutions.
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