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From the very beginning, observers speculated BITO and other futures-based ETFs would significantly underperform bitcoin due to costs associated with rolling over, or selling expiring futures contracts and buying the next set. Usually, longer-dated futures contracts trade at a premium to those closer to expiry, a condition known as contango.
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Changpeng 'CZ' Zhao, the CEO of Binance, expressed his happiness and sense of relief as the prolonged dispute with the United States Securities and Exchange Commission (SEC) has been successfully resolved. The SEC's ongoing scrutiny had created a tense and uncertain period for the company, making the resolution a significant
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Summary: Michaël van de Poppe opined that Mt.Gox’s Bitcoin repayment process wouldn’t tank the market.The defunct exchange was scheduled to reimburse creditors over 100,000 BTC tokens starting this August but further delays emergedNorth of 750,000 Bitcoin tokens was stolen from the Tokyo-based platform in a massive hack in February 2014.News of
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