Learn about the 4 most important Bitcoin (BTC) events of 2019
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Learn about the 4 most important Bitcoin (BTC) events of 2019
With 2018 finally ending, the focus is now on what awaits Bitcoin in 2019 after a year-long bear market.
In this article, we will discuss upcoming events for Bitcoin, so keep an eye on these events that may have a significant impact on the Bitcoin price this year.
2019: ‘Wall Street’ embraces Bitcoin?
During 2018, falling prices for Bitcoin (and other currencies) dominated the news cycle. However, despite the nearly 80% drop for BTC, there have been some positive developments in the industry.
When the CME and CBOE futures contracts for bitcoin were launched in late 2017, much of the expectation for 2018 became on the institutionalization of the market. While the process seemed slow, some progress has been made in this regard.
Read:US regulators seek to recover half a billion dollars in crypto from a fraudster
Regarding the year 2019, there are projects expected to be launched in the current year, as well as other events that should shape the path of the market going forward. Here are at least some of the important bitcoin dates, in the first quarter of the new year.
(Bakkt) – Bitcoin Futures Actual Delivery: “Early 2019”
By the end of Q1 2019, CME and CBOE Bitcoin futures will not be the only ones on the market. The Bakkt platform, founded by the Intercontinental Exchange, has reset the New York Stock Exchange operators’ expected launch date from January 24 to “early 2019”.
The platform plans to be the first to offer a stable bitcoin contract backed by real bitcoin. Recently, we reported that Bakkt has successfully raised $182.5 million from Microsoft and other major investors in its first funding round.
The launch of Bakkt may amount to a dilemma, despite the current US government shutdown. ICE plans to provide an updated timeline for Bakkt’s launch date in early 2019.
Nasdaq Bitcoin BTC Futures: Q1 2019
Nasdaq is also planning to launch its future listings for Bitcoin (BTC) after intense speculation on the matter throughout 2018. However, there are not many details about the proposed launch. What is known is that the company plans to launch the product before the end of the first quarter of 2019.
Read:In a new documentary… “John McAfee” is still alive
Both Bakkt and Nasdaq are awaiting approval from the US Commodity Futures Trading Commission (CFTC). Bakkt has repeatedly announced that it is working closely with the Commodity Futures Trading Commission (CFTC) to get the green light for its BTC future contract.
Bitcoin ETF: Late February to Early March
Whenever there is any talk of institutional adoption of Bitcoin in 2018, the Bitcoin ETF is mentioned. Despite the clamor, the committee did not approve any ETFs in 2018.
VanEck/SolidX’s introduction of a Bitcoin ETF was the only one from 2018 to have a final decision made by the US Securities and Exchange Commission. Back in December, the Securities and Exchange Commission delayed its decision to approve or reject the application until February 27, 2019.
The committee has no option to defer again, as the committee must make a decision on the VanEck/SolidX Bitcoin proposal backed by real Bitcoin. For the crypto and crypto community, there is optimism about the VanEck/SolidX fund.
Read:The rise in the price of the digital currency SOL raises controversy and the question: Is “Solana” the best smart contract platform than Ethereum?
Redistribution of Mt Coins. Gox
Aside from bitcoin futures and bitcoin exchange-traded funds (ETFs), there is also the issue of currencies for the Mt. Gox”.
There is a coin distribution event “Mt. Gox” for users. The approval of the redistribution plan will be issued in February 2019.
After that, the first round of payments to those affected by the hack is scheduled to take place “as soon as possible” although this could actually start between May and June 2019.
The Mt. Gox” has about 166,000 BTC and 168,000 BCH, and is currently worth $665.5 million.
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time