Ark Web x.0 ETF

Gold prices remain under pressure as the demand for alternative investments, including equity stocks and bitcoin, remain strong in the risk-on environment.

Bitcoin (ARKW) has seen its price plunge since the start of 2018 due to news that world leaders are planning to implement regulations on digital currencies.

If you have purchased bitcoin currency, and it’s now in your digital wallet, there will likely be a time that you’ll want to conduct a transaction with it.

Shorting of bitcoins is currently done through unregulated exchanges. However, given bitcoin’s huge volatility, shorting becomes a risky affair.

The top cryptocurrencies have been on a surge. The overall market cap of all cryptocurrencies has increased to $457.7 billion.

The sudden surge in bitcoin and the cryptocurrency market made some market participants worry about the future of gold.

Supply is one feature that bitcoin shares with gold. Gold supply is also seen to be diminishing.

Bitcoin’s extremely volatile nature makes it difficult for it to serve as a store of value asset.

Cryptocurrencies are still on their downtrend and have slumped to start the week. Bitcoin was down 10.8% at 5:00 AM EST on February 5, 2018.

Digital assets based on DLT (distributed ledger technology) allows users to initiate and verify their own transactions without any central authority such as banks.

Investors (SPX-INDEX) around the world looked to gold (GLD) (IAU) for the rescue during the slump in bitcoin prices.

Many analysts assume that the rise in gold’s price last week may have been supported by the tailwinds that caused the cryptocurrency market (ARKW) to slump, with Bitcoin correcting almost 30%.

The price of bitcoin (SOXL) (SOXX) has risen 69,278.6% over the last five years. On the other hand, in the last seven days, it has plummeted 27% to $12,466.

Deutsche Bank is planning to use blockchain technology in currency settlement, trade processing, and derivative contracts.

Despite the higher number of transactions that need to be updated regularly by users, the transaction capacity is intentionally kept very low by the bitcoin founders.

The founders of bitcoin have set a limit of 21 million bitcoins that can be mined over a period of time. Of those, 16.8 million are already in circulation.

Before updating data on a blockchain, users must agree about the veracity of the transaction through a process called consensus.

Blockchain technology holds a lot of promise due to its many advantages such as transparency, faster transactions at lower costs, and a reliable system.

In DLT (distributed ledger technology), details of the transactions are recorded in multiple places called blocks. These blocks are then chained together on a shared network.

Outperforming the market Among top ETFs tracking Bitcoin’s performance is the ARK Web x.0 ETF (ARKW) (ARKK). As shown in the chart below, this fund has steadily seen its price rise. Whereas it was trading at $48.70 on January 9, 2018, it had fallen from a high of ~$50.50 on December 18, 2017. In comparison, the S&P 500 […]

The price of Ripple has increased a whopping 1,385% over the past month. It’s now the number-three cryptocurrency with a market capitalization of more than $100 billion.

Like an IPO (initial public offering), there’s a new buzzword that has grabbed market attention: ICO (initial coin offering), or also known as IPCO (initial public coin offering).

As the world’s first cryptocurrency, bitcoin has risen more than 1,000% in less than a year. Bitcoin breach $19,000 per coin on December 7 before returning to the $17,000 range.

Bitcoin has been rallying for the past year, with some proponents advocating that it could replace fiat currencies in the future.

The most important concern that governments have about cryptocurrencies is anonymity.

In the case of bitcoin, the safety of the system is linked with the bitcoin algorithm, which miners keep solving to generate new coins and maintain the system.