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Ethereum’s Vitalik Buterin could have been ‘Non-giver of XRP’ in an alternate universe

Namrata Shukla



Ethereum's Vitalik Buterin could have been 'Non-giver of XRP' in an alternate universe
Source: Pixabay

The cryptocurrency market has been pitching Ethereum [ETH] against XRP constantly, as the two rest at the second and the third positions on CoinMarketCap list, respectively. Vitalik Buterin, Ethereum’s co-founder on a Twitter thread spoke about his plan of interning at Ripple way back in 2013.

Vitalik’s tweet was a response to Brian Armstrong’s, CEO of Coinbase, tweet on Zoom CEO being denied visa eight times. While talking about his experience Vitalik tweeted:

“Fun fact: I tried to be an intern at Ripple back in the day (mid 2013), but US visa complications having to do with the fact that the company had only existed for 9 months and the minimum was 1 year stopped me.”

This was all the crypto enthusiasts needed to remind Buterin of the success he has achieved as the ‘Non-giver of Ether.’ The Twitter users took a dig at Ripple and XRP and said:

“Lucky you didn’t get Rippled. Congratulations on the future development of Blockchain.”

One of the XRP enthusiasts, @Am1R007 told the co-founder of Ethereum to join Ripple as an intern now, tagging David Schwartz, Ripple’s CTO in the comment. Meanwhile, most of the Ethereum community took comfort in the fact that Buterin did not land an internship at Ripple and co-founded Ethereum.

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SEC delays VanEck Bitcoin ETF decision days after delaying Bitwise proposed rule change





SEC delays VanEck Bitcoin ETF decision days after delaying the Bitwise proposed rule change
Source: Unsplash

The Securities and Commission Exchange [SEC] has yet again delayed another Bitcoin ETF. This time around, the commission has decided to delay the VanEck Soldix Bitcoin ETF, one of the most awaited exchange-traded funds in the cryptocurrency community.

In the document released today, the exchange has asked for more comments on the proposed rule change and has also asked for further information on queries related to the exchange-traded fund. The commission stated that it has received 25 comments on the proposed rule change so far.  It stated,

“On January 30, 2019, Cboe BZX Exchange, Inc. […] filed with the Securities and Exchange Commission, […] a proposed rule change to list and trade shares of SolidX Bitcoin Shares issued by the VanEck SolidX Bitcoin Trust […] The proposed rule change was published for comment in the Federal Register on February 20, 2019.”

It further stated

“On March 29, 2019, pursuant to Section 19(b)(2) of the Act, the commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.”

Notably, the main concerns of the commission continue to be market manipulation and the measure taken by the platform to protect its investors. The commission is currently seeking comments on 14 queries pertaining to the VanEck Bitcoin ETF.

This includes the views of the ‘commenters’ on whether the exchange has entered “into a surveillance-sharing agreement with a regulated market of significant size related to bitcoin?”, the relationship between the Bitcoin futures markets and the Bitcoin spot market, with the focus being price formation, the relationship between the Bitcoin futures market and the proposed Bitcoin ETF, and the commenters’ views “of the Exchange’s assertions that bitcoin is arguably less susceptible to manipulation than other commodities that underlie ETPs”.

Gabor Gurbacs, Director of Digital Assets Strategy with VanEck said on Twitter,

“The VanEck SolidX #Bitcoin #ETF decision has been postponed by the SEC. We continue the hard work towards better-regulated, safer and more liquid digital assets markets. Bitcoin is too big to ignore. Vires in numeris!”

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