CBOE Re-Applies With US SEC to List Bitcoin Exchange-Traded Fund

The Chicago Board Options Exchange’s has re-submitted an application with the United States and Exchange Commission for a rule change to a ETF


Source: cointelegraph
CBOE Re-Applies With US SEC to List Bitcoin Exchange-Traded Fund

Related posts

New York Financial Regulators Grant BitLicense to Bitcoin ATM Operator

ATM Cottonwood Vending LLC has granted a virtual by the New York Department of Financial Services


Source: cointelegraph
New York Financial Regulators Grant BitLicense to Bitcoin ATM Operator

Related posts

Seoul City Gov’t Launches ‘Blockchain Governance Team’ for State Services

The government of Seoul has launched own blockchain team to explore applications in administrative services


Source: cointelegraph
Seoul City Gov’t Launches ‘Blockchain Governance Team’ for State Services

Related posts

1-Month Left of Funding: Hack and Crypto Winter Deal NEM a Major Blow

The current bear market, or Winter as it is often referred to, has forced many solid projects to lay off employees and a good hard look at their operational expenses and cash flow in order to make necessary changes to survive.

One particular cryptocurrency had an especially bad year, and due to the impact of an extremely high-profile exchange hack and the arduous bear market, the development team supporting the project is down to their final month of funding, and are throwing a Hail Mary in order to survive.

NEM Foundation: “One Month Left in Funding�

In a “message to the community� posted by the NEM Foundation on the project developer’s official forum, the team behind the NEM cryptocurrency revealed they were “facing challenging budget decisions.�

According to the post, the NEM Foundation team has been meeting a few times per since December the bear market reached new lows. The NEM Foundation devised a major restructuring of their C-level executive team, and required individual teams to begin reporting into the new executive structure with an added focus on “reporting metrics and delivering ROI.�

The NEM Foundation further explained that they were faced with the difficult reality of “having one month left in funding,� and would be forced to “put everything on hold,� and wouldn’t be able to “support� the team’s current “headcount,� suggesting that layoffs are looming.

Related Reading | Crypto Exchanges Begin to Shutdown: Bear Market in Full Force

The NEM Foundation has a plan, though. They are proposing a new budget based on a reduced burn rate. The team claims that it allow them to “deliver ambitious results with responsible use of reserves.�

“We are in a tough spot like many others in this . It is our duty to act quickly to ensure the longevity of the NEM Foundation ecosystem and development,� the message revealed.

https://platform.twitter.com/widgets.js

The NEM Foundation remains steadfast in their belief that they “can solve this.�

NEM Begins 2018 in Top Ten Crypto, Falls From Grace After Hack

Like the NEM Foundation, many others have suffered during the bear market. Ethereum-focused blockchain startup incubator ConsenSys and even the billion-dollar Bitmain were forced to lay off staff as a result of revenue streams drying up.

However, NEM was hit especially hard during the 2018 bear market, and extension into 2019 could deal a death blow to the project.

The fall from grace began after Japanese cryptocurrency exchange Coincheck was hacked, losing a record $530 million in NEM tokens. The theft is the largest the industry has ever experienced, and set off a chain reaction of regulatory changes following the country’s Financial Services Agency taking a closer look into exchanges in the region.

Related Reading | Japan’s FSA Raids Coincheck Offices Following $500 Million Hack

According to a historical snapshot from CoinMarketCap from mid-January of last year, NEM ranked #7 in the top 100 cryptocurrencies by market cap, with a price of $1.07. Another snapshot taken just one month later shows the cryptocurrency had fallen of the top ten with a price of $0.39. However, it’s worth noting that most cryptocurrencies fell significantly that February.

Today, NEM has fallen 96% to $0.04 and is at risk of its development team running out of funding. While the percentage decline is typical of most cryptocurrencies, NEM was hit particularly hard due to the Coincheck hack that set the tone for the future of the cryptocurrency.

The post 1-Month Left of Funding: Hack and Crypto Winter Deal NEM a Major Blow appeared first on NewsBTC.


Source: newsbtc
1-Month Left of Funding: Hack and Crypto Winter Deal NEM a Major Blow

Related posts

January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

The first month of 2019 has seen a slight decline in 30-day trading volume across many leading markets. Bucking the trend, however, were , , MKR, , and ZEC, all of which saw a significant spike in trade activity. Stablecoins have continued to see an increase in trade activity, with ckusd and the Gemini dollar posting significant gains in month-over-month volume also.

Also Read: European P2P Trade Posts Strongest Activity Since March 2018

ETH Sees 14% Gain in Monthly Trade Activity

BTC posted a 2% drop in 30-day trade volume, with $154.19 billion worth of bitcoin changing hands during January. USDT trade also fell by approximately 2% this past month, with tether pairings generating $113.17 billion worth of trade during the last 30 days.

January posted the second-strongest month of trade for USDT pairings since the first half of 2018. ETH saw among the highest increase in monthly trade volume of the top cryptocurrency markets.

January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

ETH pairings produced $77.72 billion worth of trade during January, a 14% gain month-over-month. The preceding 30 days comprised the strongest month of ETH trade since May 2018.

LTC Trade Spikes While XRP Volume Slides

January saw post a 15% decline in monthly trade activity, with pairings producing $21.48 billion worth of trade during the last 30 days.

LTC saw its highest ranking in over one year for 30-day trade volume this past month, with more than $16.97 billion worth of LTC changing hands during January. The past 30 days saw a nearly 29% gain in month-over-month volume for LTC pairing, comprising the strongest month of LTC trade since the first half of 2018.

January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

XRP slid to rank sixth with $13.56 million during January. The month saw ripple post its lowest numerical ranking since August 2018, comprising a nearly 22% decline in month-over-month trade.

MKR, TRX, and ZEC Produce Surge in Monthly Trade Activity

MKR comprised the seventh most traded crypto asset during January, owing to an enormous spike in trade activity on Jan. 9 that saw 24-hour volume increase 1,799,900% from approximately $500,000 on Jan. 8 to more than $9 billion the following day.

TRX also saw a dramatic spike in 30-day trade this past month, ranking eighth with $7.62 billion worth of trade. TRX posted a nearly 157% gain in month-over-month trade volume.

January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

BCH posted the weakest 30 days of trade on record during January, ranking ninth with just $6.34 billion worth of bitcoin cash changing hands. January saw BCH post a month-over-month decline in trade activity of nearly 36%.

ZEC produced a significant gain in monthly trade activity, breaking into the top 10 with $5 billion worth of zcash changing hands during the last 30 days. January saw the strongest monthly ZEC volume since the first half of 2018, comprising a 32% rise in month-over-month trade activity.

QTUM and Dash Slip From Top 10

Despite posting slight gains in 30-day trade activity, both QTUM and dash fell from the top 10, ranking 11th and 12th with $4.92 billion and $4.19 billion in volume during January.

Ckusd posted its second strongest monthly volume since the first half of 2018, with the ranking 13th with $4.17 billion in trade over the last 30 days. Ckusd pairings produced a month-over-month spike in trade activity of 48% during January.

Neo slipped one rank during January after a slight drop in monthly trade activity. Neo comprised the 14th most-traded cryptocurrency over the last 30 days, with neo pairings generating $3.6 billion worth of trade.

January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

ETC also dropped from the top 10, ranking 15th with $3.60 billion in 30-day trade. The month saw ETC volume drop by 15% month-over-month, comprising the weakest month of classic trade since 2017.

posted its second strongest month since the first half of 2018, ranking 16th with $3.24 billion worth of trade during the last 30 days.

Stablecoins Continue to Rank Among Top 20-Most Traded Crypto Assets

January saw a continuation of the recent growth in stablecoin volume, with the Gemini dollar ranking among the 20 most-traded crypto assets for the first time with $2.89 billion worth of trade.

Paxos ranked as a top 20 most-traded cryptocurrency for the third consecutive month, gaining nearly 9% in month-over-month trade to ranked 18th with $2.23 billion.

January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

saw a 46% drop in trade activity month-over-month, ranking 19th with $2.01 billion.

Trueusd also ranked among the top 20 cryptocurrency markets by trade volume for the third consecutive month during January, gaining 11% to rank 20th with $1.60 billion in trade over the last 30 days.

Do you think volume will grow or continue to decline for most cryptocurrency markets during 2019? Share thoughts in the comments section below!


Images courtesy of Shutterstock


The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.

The post January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume appeared first on Bitcoin News.


Source: bitcoin.com
January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

Related posts

The Third Web #14 – Dawn of an Ecosystem: Substrate & Polkadot

Care of DFINITY I was privileged to attend the Web 3 in Berlin last year. While there I interviewed Aeron Buchanan, the Executive Vice President of the Web 3 Foundation and Gavin Wood, Founder of Ethereum, Parity, and the Web 3 Foundation. These guys are two of the individuals that launched the programmable blockchain revolution and these interviews plot a course from the founding of Ethereum to their vision of the decentralized web and give us a trajectory beyond.A quick production note. These interviews were filmed in the style of the other filmed interviews on The Third Web, unfortunately the footage was lost to a dead macbook leaving only the audio. As I usually cut myself of the filmed interviews my contribution is less geared for production.

Visit https://web3.foundation/ , https://www.parity.io/ for more information

Aeron BuchananExecutive vice president of Web 3 FoundationMasters in Computer science with a focus on engineering at OxfordWorked in filmThen completed a PHD in computer visionBecame algorytm designer

Tell us your time at EthereumEthereum was initial excitingWent from raising interest to actually delivering and things changed a lotAareon ran most of Eth DevVery stressful

Was Ming Chan hard to work with?Came laterEventually delivery of Ethereum was on course.A CEO or COO type role was needed.Eth foundation was not doing much at the time.The plan was to transition EthDev responsibilities to foundationAfter a worldwide search Vitalik chose Ming ChanAeron transitioned out shortly thereafter

Web 3 FoundationDrives the development and deployment of polkadot.Parity is building the rust implementationThe runtime of polkadot is Parity’s Substrate.

What is Web 3?Web 3 is different things to different people.To The Web 3 foundation Web 3 is the deentralized web.The Web 3 foundation aims to map out and build the technologies needed.

This seems very blockchain focussedYes, and polkadot is blockchain platformThe blockchain platform part is only part.There needs to be a large number of other components to build the decentralized web

How do you build decentralised messaging and storage?We are leaving that to others like IPFS.Proof of replication is something that people who looked at proof of storafge instead of proof of work overlooked.Whisper and Secure scuttlebutt are interesting optionsCoordination can happen on the blockchain but messaging on the blockchain is a non-starter.

When all this stuff come together to make ausable platform?We are not yet at a stage of maturity.The technologists building all of this know we are not at the end yet.We started with scriptingMoved to scalability, reputation, messaging & everything else. We are not yet through the checklist.Polkadot takes us 95% of the way to scalabilityThe next one is reputation. No clear solution yet.

Whats the challenge with reputation?Proposals look at the result rather than the approach.Reputation is different in different contexts.There must not be an originator. Reputation must be decentralized.

Gavin WoodFounded EthereumFounded ParityFounded Web 3 FoundationLead of Polkadot.

You are also working on something called Substrate . . .Parity’s gift to the blockchain building community.Geared to creating new chains easily.A turbocharger for blockchain development.Moduralized toolkit.PoS mechanisms, DAOs, balances, governance & voting mechanisms.It is as if departments of a nation state. Parity are building the templated for those departments.The biggest advancement is the ability to upgrade itselfBased on WebAssemblyRun as a blockchain engineThe blockchain’s code under substrate is compiled into Wasm.

How do you upgrade?There is a state transition function that describes how the ledger changes from one block to another.In the past it only applied to smart contracts and balancesIn Substrate the blockchain stores consensus information and a blob of Wasm code that stores the blockchain protocol.The transition function uses this to determine how transition should occur.The blob can alter everything and the blob itself can be updated.

What is the importance of these kind of systems for defending personal freedom?When the internet began, the user was . – No man born into chains.This is no longer the case. we need to know who, why and how we are being controled or manipulated.We know the who – Corporate interests.The why is more comp;icated – to make more money, but increasingly to capture more for other purposes – learning, prediction, targeted advertising, memetic feedback loops, political manipulation.

How do you prevent that?Think how are they doing this?It comes down to centralizationThe fewer organisations that are used to access data and the less the individual control, the more they are able to control.We avoid this by reducing our exposure to these central points of control.We live in an economic . This is fine on an individual level, but bad on a national scale.We need to restrict nexuses of power and make sure that power is transparent.This is what we are trying to engineer with these components of Web 3


Source: letstalkbitcoin
The Third Web #14 – Dawn of an Ecosystem: Substrate & Polkadot

Related posts

Florida Appeals Court Reinstates Felony Charges for Unregistered Bitcoin Sale

An appellate court in the U.S. of Florida has reinstated felony charges against a man who allegedly sold to an undercover detective


Source: cointelegraph
Florida Appeals Court Reinstates Felony Charges for Unregistered Bitcoin Sale

Related posts

VanEck & Bitcoin ETF Hopefuls Refile Application To U.S. SEC

Although the crypto market’s year-long downturn has yet to reverse, this nascent ecosystem saw a positive announcement on Thursday, as a financial services provider refiled a exchange-traded fund (ETF) application to the U.S. Securities and Exchange Commission ().

Bitcoin ETF Application Refiled

Per previous reports from NewsBTC, one mere week ago, VanEck, CBOE, and SolidX Partners suddenly pulled their collaborative Bitcoin ETF application. While little was known initially, Jan Van Eck, the incumbent chief executive at the firm that shares surname, took to CNBC’s “ETF Edge” segment to touch on partner’s rationale behind the sudden shift.

In the interview, led by Bob Pisani, Van Eck explained that the government shutdown, which finally ended earlier this week, disallowed his firm from discussing pertinent regulatory matters with the SEC, run with a skeleton crew at the time. And as such, the three firms deemed it logical to pull their application, specifically in a bid to disallow an automatic rejection or approval, which could have catalyzed complications.

However, according to Gabor Gurbacs, the head of VanEck’s crypto division, the application has been filed again, this time, with the American government being fully open. On Twitter, the crypto believer wrote:

https://platform.twitter.com/widgets.js

From a preliminary look, the document, filed by the CBOE and released in tandem with Gurbacs’ tweet, is effectively near-identical to its previous, pre-shutdown filing. And as such, it can be assumed that the reopening of the government reassured VanEck that its Bitcoin investment vehicle proposal could be approved in due time.

Crypto Community Roars

As Gurbacs’ tweet propagated, echoing off the walls of the Internet, crypto’s fervent commentators were quick to convey their thoughts on the matter.

Barry Silbert, the founder of the crypto conglomerate Digital Group, quickly tweeted Gurbacs’ message on the matter, conveying the news excitedly to his followers.

This is breaking news, but NewsBTC be sure to keep you in the loop moving forward. Keep on checking in.

Featured Image from Shutterstock

The post VanEck & Bitcoin ETF Hopefuls Refile Application To U.S. SEC appeared on NewsBTC.


Source: newsbtc
VanEck & Bitcoin ETF Hopefuls Refile Application To U.S. SEC

Related posts

Cboe Resubmits the VanEck/SolidX Bitcoin ETF Proposal for SEC Approval

Cboe has re-filed the VanEck/SolidX ETF , which it previously withdrew due to the U.S. shutdown.
Source: worldnewsoffice
Cboe Resubmits the VanEck/SolidX Bitcoin ETF Proposal for SEC Approval

Related posts

Cboe Resubmits the VanEck/SolidX Bitcoin ETF Proposal for SEC Approval

Cboe has re-filed the VanEck/SolidX ETF proposal, which it previously withdrew due to the U.S. shutdown.
Source: coindesk
Cboe Resubmits the VanEck/SolidX Bitcoin ETF Proposal for SEC Approval

Related posts