Bitcoin Magazine’s Week in Review: ETFs and Expansions

cryptocuser 3 min read 287

The Dash cryptocurrency is establishing itself as one of Venezuela’s most popular cryptocurrencies. Bitcoin may nevertheless be king over the global scene, but in South America’s northernmost nation, dash is vying for excellence. And, based on Latin American market Cryptobuyer, it’s all usurped bitcoin from the region.

Published at Sun, 29 Jul 2018 15:41:42 +0000

Winklevoss Bitcoin ETF Proposal Denied by U.S. SEC

Qtum is an hybrid platform which utilizes the Account Attraction Layer, an interface layer, to merge the strength of Bitcoin’s blockchain with all the Ethereum Virtual Machine to construct decentralized software. Designed as a toolkit, the stage utilizes the proof-of-stake model to reduce the network’s computational difficulty when mitigating and resolving scalability. Qtum has now launched its decentralized program (DApp) improvement platform on Amazon Web Services (AWS). With this launch, AWS consumers and developers are going to have the ability to create and launch smart contracts using an Amazon Machine Picture (AMI), made up of Qtum Core, Solidity and Qmix net IDE.
Binance, the world’s largest cryptocurrency market by daily volume, is growing out of its home base in Hong Kong into South Korea. Even though South Korea is presumed to be the third-largest crypto market following the U.S. and Japan, it has not been a smooth ride to the cryptocurrency exchanges operating there. Bithumb and Coinrail were hacked earlier this year, whilst tax police have raided Coinone on tax evasion allegations. Binance appears to be undeterred by all this, since it’s been laying the groundwork for its own expansion into South Korea for a while. Last year, the company additional Korean language service to its site.

SEC Puts Off Decision about 5 Bitcoin ETFs Till September 2018

Featured stories by Jimmy Aki along with Colin Harper

ETF’s are right back in the news this week with all the Winklevoss twins of Gemini getting rejected , whilst investment firm Direxion was delayed till September to a last decision. Crypto continues to make inroads into the financially impoverished country of Venezuela, with Dash currently becoming more popular than Bitcoin for black market purchases of fundamental necessities.
The SEC has stalled the critique of five Bitcoin ETFs suggested by investment firm Direxion Asset Management, since it requires additional time to study the proposal before reaching a last decision, and they say will come on September 21, 2018. The announcement reads, “The Commission finds it appropriate to designate a longer period over which to issue an order approving or disapproving the proposed rule change so it has sufficient time to consider this proposed rule change. ”

Stay on top of their best stories from the bitcoin, blockchain along with cryptocurrency market. Subscribe to our newsletter here.
Qtum is the latest blockchain tech company to become accessible on AWS, making the production of, and deployment of Qtum developed dApps that a lot simpler. Just north of Qtum headquarters, we see the cryptocurrency market Binance continue to grow and expand with a new drive into South Korea.
The United States Securities and Exchange Commission (SEC) has resisted the Winklevosses’ newest effort to list a bitcoin ETF. After a proposition rejected last year, they had hoped to secure their Winklevoss Bitcoin Trust about BATS Global Market’s BZX stock market, but the June filing was suppressed in a 3-1 vote.