BlackRock Files Bitcoin ETF Application, Leveraging Coinbase Custody
By Nik Hoffman          

BlackRock, the worlds largest asset manager, has filed an application for a spot Bitcoin ETF (exchange-traded fund). 

In their pursuit of a Bitcoin ETF, BlackRock has chosen Coinbase Custody as their trusted custodial solution. The proposed ETF will be benchmarked against indices provided by CF Benchmarks. The indices will be comprised of price data from six exchanges: Coinbase, Kraken, Gemini, Bitstamp, itBit, and LMAX Digital.

BlackRock's filing for a spot Bitcoin ETF signals a turning point in the industry, as a prominent player in the traditional financial space acknowledges the potential of Bitcoin. If approved, the Bitcoin ETF would open doors to a new wave of adoption and provide investors with an unprecedented opportunity to participate in the Bitcoin market through a regulated and accessible investment vehicle.

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🔥💵 What Is Hyperinflation And How Does It Happen?

What Is Hyperinflation And How Does It Happen?
By Joakim Book

Hyperinflation is a general increase in prices by 50% or more in a single month. Alternatively, sometimes economists and journalists use a lower rate of monthly inflation sustained over a year (but that still amounts to 100%, 500% or 1,000%). The imprecision leads to some confusion in what does or does not constitute a hyperinflation.

A hyperinflating currency is often accompanied by collapsing economies, lawlessness and widespread poverty; and is usually preceded by extremely large money printing in service of covering equally vast government deficits.

Hyperinflation is a truly fiat phenomenon. Learn about what causes it, how it’s solved and the lasting effects that it has on the world. Discover how you can prepare and protect yourself when inflation gets out of hand.

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By @TheBitcoinConf

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