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Tron launches Sun Network, Roubini and Buterin face off and more

Ketaki Dixit



Crypto News – 04 April

China’s ‘Google’ Baidu registers ‘bitcoin’ as most trending topic: The reason why ‘Bitcoin’ trending is of utmost importance is because of the regulations imposed by the Xi Jinping led country, a rigid framework that is aimed to only propagate the Chinese Yuan.


Ripple-backed InstaReM’s CEO on advancing financial inclusion: Prajit Nanu spoke about the 7-8% fees on remittances worldwide and how it was higher in some Southeast Asian markets where the need for affordable money was the greatest.


Cryptopia to secure private keys for 457 coins: Cryptopia mentioned that the hacker had moved the stolen funds to a new wallet. A total of 30,789 ETH was transferred to an unknown wallet.


Bitpanda gains Payment Service Provider license: Bitpanda will be one of the few platforms in the cryptocurrency space to receive the payment service provider license, issued by the Australian financial market authority [FMA].


Andreessen Horowitz projected to invest into cryptocurrency: Andreessen Horowitz has claimed that the company is planning to invest as much $1 billion into the cryptocurrency industry, which will entail dealing with not just digital assets but also blockchain technology and distributed ledger technology.


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Ketaki Dixit is a Journalism major from Jain University. She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.

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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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