ETF’s are back in the news this week with the Winklevoss twins of Gemini getting rejected again, while investment firm Direxion was delayed till September on a final decision. Crypto continues to make inroads into the financially impoverished nation of Venezuela, with Dash now becoming more popular than Bitcoin for black market purchases of basic necessities.
Qtum is the latest blockchain technology company to become available on AWS, making the creation of, and deployment of Qtum developed dApps that much easier. Just north of Qtum headquarters, we see the cryptocurrency exchange Binance continue to grow and expand with a new push into South Korea.
Featured stories by Jimmy Aki and Colin Harper
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Winklevoss Bitcoin ETF Proposal Denied by U.S. SEC[2]
The United States Securities and Exchange Commission (SEC) has rejected the Winklevosses’ latest attempt to list a bitcoin ETF. After having a proposal rejected last year[3], they had hoped to secure their Winklevoss Bitcoin Trust on BATS Global Market’s BZX stock exchange, but the June filing was curbed in a 3-1 vote.
SEC Puts Off Decision on 5 Bitcoin ETFs Till September 2018[4]
The SEC has postponed the review of five Bitcoin ETFs proposed by investment firm Direxion Asset Management, as it needs more time to study the proposal before reaching a final decision, which they say will come on September 21, 2018. The statement reads, “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission … designates September 21, 2018, as the date
