⏺️The SEC published an "order instituting proceedings to determine whether to approve or disapprove a proposed rule change" filed by Cboe BZX Exchange, Inc. If approved, Cboe would have the green light to list a bitcoin ETF pitched earlier this year by money management firm VanEck and crypto startup SolidX.
As part of that process, the SEC wants more input from the public – to date, according to the agency, more than 1,400 comments have been submitted. "Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change." Wrote SEC secretary Brent Fields.
Under the terms of the proposal, VanEck and SolidX would create a bitcoin trust, in which SolidX would list shares. The SEC has already delayed making a decision on the matter once, and can potentially delay making a final decision through February under existing regulations.
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SparkLabs Group, a network of accelerators and venture capital funds, is unveiling a new global accelerator program in Washington D.C. Most noteworthy, the accelerator’s primary focus is on cybersecurity and blockchain-related startups.
SparkLabs is Asia’s largest accelerator group with accelerators in Taiwan, Korea, Australia, Hong Kong, and China. Not long ago, they launched an accelerator focused on energy in Oman. Even more, for the very first time, they are expanding into the United States.
The spearheads of the accelerator will be two seasoned entrepreneurs, Mike Bott and Brian Park. Bott is the former Managing Director of The Brandery. Most noteworthy, The Brandery was acknowledged as among the top 20 accelerators under the leadership of Bott. Park, on the other hand, is a three-time entrepreneur and Startup Grind’s COO. Significantly, Startup Grind is among the most established entrepreneurial communities worldwide.
MIKE BOTT’S SENTIMENTS REGARDING THE SPARKLABS ACCELERATOR IN WASHINGTON D.C.
Mike Bott, co-founder and Managing Partner at SparkLabs Cyber + Blockchain, said, “We’re excited to bring the SparkLabs brand, connections and expertise to D.C. Immediately, within weeks of our agreement, the SparkLabs team brought in an incredible network of advisers and partners that would support this new accelerator and the startups that we will be investing in.
As advisers, they brought on board Ray Ozzie, former Chief Software Architect at Microsoft and Creator of Lotus Notes; Charlie Lee, the Creator of Litecoin; Michael Crow, Chairman of In-Q-Tel and President of Arizona State University; Eric Ly, Co-founder of LinkedIn; and Rich DeMillo, HP’s first CTO and Executive Director at the Center for 21st Century Universities at Georgia Tech.
If you are building the next big thing in cybersecurity or blockchain anywhere in the world, any founder should certainly look at this exciting new accelerator we are launching.” #cryptotrade#blockchain#cryptolife#altcoins#income#cryptomining#eth#btc#crypto#cryptonews#ripple#litecoin#coinbase#cryptomeme#cryptomemes#cryptotrading#ethtrader#investing#tokens#coins#hodl
EOS Price Rises Despite Claims of its Core Protocol Development Being Outsourced - NullTX
Not much is happening across the cryptocurrency industry as of right now. Most currencies are seemingly stuck in a bit of sideways trading momentum, which can mean one of two things. In the case of the EOS price, it seems things are heading in the right direction, courtesy of a small gain over the past 24hrs.
EOS Price Surpasses $5.2
It is interesting to see how the EOS price is evolving over these past few hours. Although there does not appear to be much momentum to push the value much higher, its trading volume is increasing rapidly.
Thanks to $625m in volume, the EOS price has surpassed $5.2 once again. This is an interesting trend, albeit it remains to be seen how long this will last.
With the EOS value noting this 2.23% increase, it is also the only top currency to note any real gains in the past few hours. It will be interesting to see if other coins follow this example prior to or during the weekend. If this trend remains in place, the EOS price will very well make its way to $5.5 over the next few days, albeit that will primarily depend on how the Bitcoin price evolves in the coming days.
Even though the EOS price momentum appears to be turning a bit bullish, there are some doubts among cryptocurrency enthusiasts. A recent Hacker Noon articleclaims the EOS core protocol development may have been outsourced. Although that in itself would not necessarily be a big problem, it would certainly put a different spin on how the project is perceived as a whole.
In more positive news, it would appear a new smart contract security auditing platform for EOS has gone live. The project is known as EOSpark SEC, and will offer a lot of expertise when it comes to smart contracts and applications making use of EOS’ native technology.🤔