The Chicago Board Options Exchange (CBOE) and VanEck refiled their Bitcoin exchange-traded fund (ETF) application. But, there likely won’t be a Bitcoin ETF by the end of the year and possibly by the year’s end. On January 31, as CCN reported, VanEck announced that it submitted its newly drafted Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC). The VanEck SolidX Bitcoin ETF proposed rule-change has been submitted by CBOE. Hard work by all teams involved. Public document: https://t.co/X25lOPjiFS pic.twitter.com/C9FP4adDE8 — Gabor Gurbacs (@gaborgurbacs) January 31, 2019 Why There Will be No Bitcoin ETF Until the Year’s End
Crypto attorney Jake Chervinsky doesn’t believe that a bill to exempt cryptocurrencies and ICOs from US securities law will be approved anytime soon. He cited the bureaucratic inefficiency of Washington as a key reason for his pessimistic outlook. “I don’t know if there’s any validity to the rumor that the Token Taxonomy Act will be reintroduced
The post Bill to Exempt Crypto From Securities Laws Will Be Delayed, Says Attorney: ‘Don’t Hold Your Breath’ appeared first on CCN
Ellcrys is an up and coming blockchain network that aims to revolutionize the way developers work together. In addition to trying to revitalize collaborative efforts, the company has an ICO that promises to make the mining and distribution of its native cryptocurrency fairer and more accessible.
A Growing Problem
Technology has infiltrated every part of our everyday lives leading to a surge of products and services and, along with it, the demand for people to develop these projects. Unfortunately, current web service providers limit organization accounts to only one admin or owner. This structure, present on services like Github, Stripe, and Heroku, gives a single person the power to add or remove people at will and manage the account resources. A framework such as this is incompatible with future decentralization, where there is no single owner, no leader, no trust, and no headquarters.