Important Bitcoin Dates to Watch in 2019 – 2020

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In the world of cryptocurrency, there are events and news that often have a direct impact on the price of a token. In particular, we are talking about Bitcoin. As profiled by NewsBTC, here are a couple of dates to watch out where news will come out about events that might impact Bitcoin’s price.

Important Bitcoin Dates

August 22, 2019 – New York Attorney General’s Injunction Against Bitfinext to Expire

September 23, 2019 – Bakkt will launch officially

Bakkt has revealed that it has acquired a New York state trust charter, which allows it to begin physically-settled Bitcoin futures contracts. The product launch will be on September 23, 2019.

With the approval, Bakkt will act as the custodian of Bitcoin, which, the company says, will “offer customers unprecedented regulatory clarity and security”. Bakkt will not be relying on spot markets for settlement prices which is a differentiator given that there have been reports of “manipulative spot market tradings”. (Read More)

October 13, 2019 – SEC makes final decision on Bitwise Bitcoin ETFs

The US Securities and Exchange Commission (US SEC) has postponed its decision on the proposal to launch Bitwise’ Bitcoin ETF on October 13, 2019. If this is approved, Bitwise Head of Research Matt Hogan said it will open the door to the financial advisor marketplace. He commented:

“A key aspect to a Bitcoin ETF in the U.S. is that it unlocks the financial advisor marketplace. So far crypto has focused mostly on retail investors […] or institutional investors […] Half the money in the U.S. is managed by financial advisors, and right now it’s very difficult for them to access that market.”

October 18, 2019 – SEC Rules on whether to pass VanEck/SolidX ETFs

Cboe, one of the world’s largest exchange holding companies resubmitted their Bitcoin ETF proposal and the US SEC is on track to make the decision by October 18, 2019. As per NewsBTC, pundits are saying VanEck/SolidX ETF proposal has more chance of succeeding because of its ties with CBOE.

October – Mt. Gox Civil Rehabilitation Case

Early Bitcoin investors will soon learn the fate of their holdings and if they will receive a portion of what was lost in the most notorious hack in the crypto market ever.

May 2020 – Bitcoin Halving

Bitcoin Halving – the event that will cut the reward of mining Bitcoin into half of what it was previously will sometime around May 2020. As with the previous halving events, it is expected for the price to spike sometime after the event. BitPinas will be writing more about the Bitcoin halving soon.

This article is first published on BitPinas: Important Bitcoin Dates to Watch in 2019 – 2020

Photo by Tim Mossholder on Unsplash

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Joseph Donahue

BTC or, bitcoins, are primarily used for purchases on Dark Net Markets(DNM). For this reason alone it will always cost a bit and usually be somewhat of a pain in the ass. I’ve used Localbitcoins in the past and have been using Virwox without incident for the past 6 months. Both of these sites will cost you in fees, that’s just how it is. I’m not aware of any BTC sellers who take less than 15% on orders of under $300. Many won’t even accept under$100, which I normally don’t need to buy. Given that, Virwox let’s you deposit much smaller amounts, but they’re fees end up close to 20%. That’s basically a convenience fee. After 2 deposits are made you get your BTC within 2 hrs, the first 2 are 48 hrs. Also, you must use the same method of purchase ex.(PayPal) each time to get your BTC within 2 hrs. If you suddenly change from PayPal to a CC or something similar, chances are that you’ll have to again wait the 48 hrs. This is due to an automatic security feature of the site. It happened to me. I brought it to their attention, letting them know that it wasn’t in their FAQ or anywhere else on the site. They responded quickly and I had my BTC within 3 hrs. Basically, for convenience both localbitcoins and Virwox are good choices. Just make sure that you read the FAQ and educate yourself or you could end up in a shitty situation. If you want complete anonymity, pay with cash at the seller’s bank or in person(both of which are risky) You’re much more likely to get scammed and/or waiting a while for your BTC when you’re dealing with an individual instead of Virwox. Just make sure to check out the seller’s feedback and hopefully it all works out. There will ALWAYS be fees and other obstacles when dealing with an unregulated currency. If it’s too much to deal with maybe you should just buy your goods IRL instead. In the end, It’s all about convenience.

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