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Bank of Brazil Offering Exposure to a Crypto ETF for Its Customers

The Bank of Brazil (Banco do Brasil) is going to offer its customers the possibility of buying the crypto ETF of Hashdex, with “HASH11” ticker.

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The Bank of Brazil (Banco do Brasil) is going to offer its customers the possibility of buying the crypto ETF of Hashdex, with the “HASH11” ticker. Hashdex has already acquired the support of two leading Brazilian Banks Itaú and BTG Pactual. With its latest move, Banco do Brasil becomes the first public bank in the world to offer such kind of exposure.

Bank of Brazil’s Customers Could Invest in Hashdex Crypto ETF

The customers of Bank of Brazil could now invest in the Hashdex crypto ETF set to launch on April 26. Following the official launch, HASH11 will be tradable through the Brazil Stock Exchange.

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Subscription orders can be made until April 20, and the only ones who can be able to do it are authorized agents “who can do this on their own behalf or behalf of customers.” says Hashdex.

Coordinated by Itaú, BTG Pactual, and Genial, the Hashdex Nasdaq Crypto Index (HASH11) is composed of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Chainlink (LINK), Bitcoin Cash (BCH), and Stellar (XLM).

The Hashdex 100 fund is limited to Brazilian investors holding over 10 million Brazilian real or $1.79 million in financial markets investments.

Brazilian Investment Bank Launches Bitcoin ETF

Earlier last month, the Brazilian Securities and Exchange Commission (CVM) announced approving two cryptocurrency exchange-traded funds (ETFs) in the country.

The first crypto ETF comprises 100% in Bitcoin (BTC) managed by QR Asset Management. The second ETF will be managed by Hashdex comprising a basket of five cryptocurrencies.

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Meanwhile, the BTG Pactual’s Bitcoin 20 Multi-Market Investment Fund became the first fund to be launched by the Brazilian investment bank to offer exposure to the leading cryptocurrency.

The fund invests 20% of its assets under management into Bitcoin, with Gemini offering custody services for the coins. The fund further allocates 55% of its AUM into treasury bonds, 20% into bank deposit certificates, and 5% into repo operations.

#Banco do Brasil #Bank of Brazil #Crypto ETF #HASH11 #Hashdex

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Source: https://www.cryptoknowmics.com/news/bank-of-brazil-offering-exposure-to-a-crypto-etf-for-its-customers

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The Internet Computer (ICP) Token Hits Top 10

The markets are moving fast these days. Fortunes are being made, and lost, in the blink of an eye.

The post The Internet Computer (ICP) Token Hits Top 10 appeared first on Bitcoin Market Journal.

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Just this morning we got reports that some lucky individual turned $17 into $5.9 million by investing in the Dogecoin-killer known as Shib. The memes intensify.

On the other hand, we have projects that are building real value and utility that are being completely passed over by investors.

It’s a very strange marketplace indeed where social sentiment is often valued over value itself, but here we are.

One project that seemed to find itself on the receiving end of investor adoration is The Internet Computer, or ICP.

Its newly launched token, called The ICP utility token, has seen what has to be the most successful debut in the short history of crypto, quickly climbing to be the fourth-largest cryptocurrency by market capitalization.

The thing is that for all the pundits in this space, nobody seems to be able to concisely explain why.

For my part, after researching it for most of the day, there are a number of contributing factors, but this was no fluke.

The hype

Though it would be easy to pass this off as “successful marketing,” and the team does seem to be good at that, there does seem to be something under the surface instilling confidence in investors of alternative assets.

Messari has put out a 12-page report on the new protocol, and even the Financial Times published an article calling it a rival to Amazon Web Services.

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Near as I can tell, ICP is supposed to be everything Ethereum is, but it works at the speed of the internet. In spite of this, the team has gone to great lengths to clarify that ICP is not an Ethereum killer. I’m not sure exactly how that works.

There’s no doubt that if they live up to even half the hype, the valuation that they have right now would be considered soft.

However, even though they’re extremely well-funded and well-staffed, becoming the primary base layer of Web 3.0 seems extremely ambitious. Similar to the way Cardano has skyrocketed lately without any real-world adoption, the same seems to be happening for ICP, only a lot quicker.

The reason for that is most likely due to the seamless multiplatform launch. It’s rare to see new projects listed so quickly by the top crypto exchanges.

Yet somehow, ICP managed to trade fluidly on Binance, Huobi, OKEx and even Coinbase Pro. Opening this type of access to global investors in such a short space of time does tend to have an outsized impact on the price.

We’ve seen plenty of times when even a single listing can cause a pump. A quadruple listing is pretty rare.

Even with all the above, seeing a brand-new coin anywhere in the top ranked cryptocurrencies is mind-boggling and only speaks to the desire investors have to find the next undervalued investment vehicle.

Inflation print

As you know, we’ve been watching inflation statistics very closely as of late.

With all the money that’s been printed lately, it’s the number one thing to watch for in all markets, including crypto. Even though the Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics doesn’t really tell the whole story, it will be watched enthusiastically by investors and policymakers.

The latest figures, for the month of April, will be released at 8:30 A.M. tomorrow on Wall Street, most likely before the daily newsletter is sent.

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Source: https://www.bitcoinmarketjournal.com/the-internet-computer-icp-token-hits-top-10/

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Survey: 1 in 4 American Investors Believe Dogecoin is the Future

Survey: 1 in 4 American Investors Believe Dogecoin is the FutureThe meme-based crypto asset dogecoin has seen a phenomenal year, capturing a whopping 19,723% against the U.S. dollar during the last 12 months. Dogecoin’s price gains have pushed interest toward the cryptocurrency, quickly making it a recognizable name. A recently published survey from the web portal gamblerspick.com suggests one out of every four Americans “believe […]

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The meme-based crypto asset dogecoin has seen a phenomenal year, capturing a whopping 19,723% against the U.S. dollar during the last 12 months. Dogecoin’s price gains have pushed interest toward the cryptocurrency, quickly making it a recognizable name. A recently published survey from the web portal gamblerspick.com suggests one out of every four Americans “believe dogecoin is the future.”

Dogecoin Survey Shows Meme-Coin Has Been Getting Attention in the US

In mid-April, gamblerspick.com conducted a study with 1,001 American respondents that are “familiar” with cryptocurrencies. The survey team leveraged the Amazon Mechanical Turk survey platform in order to present a series of questions.

59.3% of survey participants identified as men, while 40.7% identified as women. Gamblerspick researchers also detailed that the respondents were Gen Zers (5.9%), millennials (60.8%), Gen Xers (22.6%), and baby boomers (10.7%).

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

According to the poll statistics, social media is where people are hearing about dogecoin (DOGE) the most, with 33.7% saying they heard about the coin via social media platforms. 21.7% of the survey participants said they heard about DOGE via word of mouth and “friends and family.”

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

45% of respondents had heard of Dogecoin, and roughly 27.6% had invested in it. Another standout statistic shows that 30% of the surveyed individuals “believe that dogecoin was the new bitcoin.”

Not all survey participants who invested in dogecoin are pleased with their choices. 40% regretted investing in dogecoin. 48.8% regretted investing in “Reddit-hyped stocks”, like the recent Wallstreetbets’ GME stock hype. 15.2% disapprove dogecoin, while 41.1% are indifferent and 43.6% approve of DOGE.

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

When it came to considering Elon Musk’s part in the dogecoin hype, most respondents liked what he had to say about DOGE or did not care about his dogecoin opinions.

“Most respondents either approved of or didn’t care when it came to Musk’s Doge-related information,” the survey noted.

More Than Half Invested in Dogecoin to ‘Get Rich’

Toward the end of the survey, Gamblerspick researchers highlighted that roughly one out of every four Americans “believe dogecoin is the future.” 23% of survey participants are confident DOGE will reach $1 per unit this year. 46.4% invested in dogecoin “just for fun,” while 53.6% invested because they saw it as an “opportunity to get rich.”

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

As far as the cryptocurrency ecosystem, in general, Gamblerspick survey respondents believe the “financial industry” will be impacted the most. The financial industry is followed by “retail,” “casino/gambling,” and “cannabis” respectively.

“Most people thought it would be a perk for Amazon to accept Dogecoin as payment,” the Gamblerspick survey notes. “While other stores were considered, 41.1% of respondents said they didn’t really want any stores to accept Dogecoin.”

At the time of writing, dogecoin (DOGE) was down over 4% during the last day and down 25% over the last week. Dogecoin is exchanging hands for $0.47 per coin but is still up 590% during the last month.

What do you think about the Gamblerspick survey about dogecoin? Let us know what you think about this subject in the comments section below.

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1001 American respondents, Amazon Mechanical Turk, approve, Crypto asset, Cryptocurrency, disapprove, Doge, dogecoin, Dogecoin Survey, Elon Musk, For Fun, Gamblerspick, gamblerspick.com, Get Rich, indifferent, Poll

Image Credits: Shutterstock, Pixabay, Wiki Commons, gamblerspick.com survey

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Source: https://news.bitcoin.com/survey-1-in-4-american-investors-believe-dogecoin-is-the-future/

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Dogecoin Spinoff SHIB Tanks After Ethereum Founder Vitalik Buterin Dumps Tokens

Shiba Inu is in the doghouse. Vitalik Buterin might be as well.

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In brief

  • Some crypto projects gave Vitalik Buterin a lot of tokens, hoping that it would add to their legitimacy.
  • Maybe that wasn’t a great idea.

So, remember when Vitalik Buterin got a bunch of those Shiba Inu tokens? And then some folks warned that he could rug pull the Dogecoin-wannabe?

Well, it kinda just happened.

A wallet attached to the Ethereum creator today removed over 2 trillion in Shiba Inu tokens ($40+ million) from Uniswap, according to data from block explorer Etherscan, helping propel the token into a nosedive; SHIB has lost 20% of its value in the last hour, per Nomics.

Vitalik removing SHIB liquidity from Uniswap. Source: Etherscan

Shiba Inu, a Dogecoin knockoff, is a meme coin that calls itself an “experiment in decentralized spontaneous community building.” Unlike Dogecoin, it runs on the Ethereum network, where it has helped contribute to a surge this week in the price of transactions. 

SHIB’s developers sent more than half of the total tokens to Buterin. They figured that meant the tokens were practically “burned,” or removed from the market as a means of decreasing supply and upping demand. Buterin instead burned SHIB holders by removing the SHIB from a liquidity pool on Unsiwap.

The autodidactic developer wasn’t done, as he continued dumping Shiba Inu in favor of Ethereum. 

Taking the opportunity to clean out his crypto wallet, Buterin then traded 50 billion Akita Inu tokens for ETH, according to information on Etherscan, causing that dog token to crater by 30% in an hour. Forty trillion Dogelon Mars (ELON) tokens got the same treatment, getting swapped for 619 ETH. That’s down a whopping 90% this hour.

Don’t worry, though, shitcoin speculators. Your loss is a charity’s gain.

Vitalik sent 500 of his just-bought ETH (over $2 million) to a wallet associated with the India Covid-Crypto Relief Fund and another 1,000 ETH to a Coinbase wallet for the Methuselah Foundation, a medical charity for extending human life. GiveWell received $53 million in ETH, while Gitcoin, an Ethereum-based foundation for open-source development, received over half a billion dollars’ worth of AKITA tokens.

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Source: https://decrypt.co/70672/dogecoin-spinoff-shib-tanks-after-ethereum-founder-vitalik-buterin-dumps-tokens

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