Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
US SEC Rejects Winklevoss Twins ETF, Again, While Commissioner Dissents
The U.S. Securities and Exchange Commission (SEC) has again rejected[1] Tyler and Cameron Winklevoss’ application for a Bitcoin exchange-traded fund (ETF). The first rejection came in February 2017, with the SEC citing the largely unregulated nature of the BTC markets. This time, the SEC noted in its rejection that the Winklevoss’ application did not demonstrate that their exchange would be able to prevent fraudulent and manipulative acts. However, the SEC Commissioner officially dissented[2] to the rejection, arguing that the SEC’s decision erred on three grounds: it focused on the underlying Bitcoin market, not the derivatives, it will inhibit institutionalization of the Bitcoin market, and it shows a “skeptical view of innovation.”
Iran Plans To Create State-Issued Cryptocurrency To Circumvent US Sanctions
According to local media, the Iranian deputy for management and investment at the Directorate for Scientific and Technological Affairs has said[3] that a plan for a working digital currency is already on the agenda. Although the technical details about the national cryptocurrency remain unknown, the deputy noted that the currency could “help us at the time of sanctions.”
Former JPMorgan Executive Believes Blockchain Could Prevent “Global Financial Crisis”
The former vice president of North American investment banking at JPMorgan Chase said[4] this week that blockchain “may be the key to
