SEC Sets New Deadline for Decision on VanEck-SolidX Bitcoin ETF
Yesterday, the U.S. Securities and Exchange Commission (SEC) announced that it needed more time to make a decision regarding the VanEck-SolidX Bitcoin ETF, and it set 29 December 2018 as the new deadline. According to the Section 19(b)(2)(B) of the Exchange Act, the new deadline is 180 days after the date of publication of the proposal in the Federal Register, which means 180 days after 2 July 2018 or 29 December 2018. SEC stated:
"This order institutes proceedings under Section 19(b)(2)(B) of the Act to determine whether to approve or disapprove the proposed rule change."
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Coinbase Claims It Doesn’t Engage in Proprietary Trading
Recently, cryptocurrency exchange Coinbase has denied engaging in proprietary trading. Reports claiming Coinbase engaged in proprietary trading started appearing after the New York state’s Attorney General (NYAG) published a report, that claimed the firm accounted for nearly 20% of the transactions on its own platform. Through a Medium post, Mike Lempres, Coinbase chief policy advisor, noted the report’s findings were based on information Coinbase voluntarily provided in the Virtual Markets Integrity Initiative Questionnaire but denied engaging in proprietary trading. Lempres stated:
"Coinbase does not trade for the benefit of the company on a proprietary basis. In order to provide an easy-to-use customer experience, Coinbase Consumer quotes a price and then quickly fills the order from our exchange platform (Coinbase Markets)."
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Europol Report Warns Against Growing Criminal Abuse of Cryptocurrencies
Europol has recently warned against cryptocurrency-related threats like hacks and cryptocurrency mining malware, and the use of privacy coins to launder money or finance terrorism. In its “Internet Organized Crime Assessment 2018 (IOCTA) report, the EU-focused law enforcement agency warned those in the cryptocurrency space they’re becoming a target for cybercriminals, over the semi-anonymous nature of most cryptocurrencies like bitcoin. Europol stated:
"They remain the primary payment mechanism for the payment of criminal services, a plethora of goods on Darknet markets and for extortion demands, whether as a result of ransomware, DDoS attacks, or other methods."
Read more here
MJAC Conference
Dear users, it’s with great pleasure that we invite you to attend the MJAC blockchain conference.
Hosting the biggest and brightest blockchain leaders, the MJAC conference will be the perfect place to learn, network and discuss the future of the crypto industry.
The event counts with a long list of sponsors and media partners. You can count on a great variety of exhibitions booths and many prominent speakers. The list of speakers includes the founder of Atlas Neue and former CCO of Ethereum Stephan Tual, Circle’s European Legal & Business Director Claire Wells, Global CMO and EMEA Managing Director at Circle Marieke Flament, Ripple’s Head of European Regulatory Relations Dan Morgan, founder of Atlas Neue Cassius Kiani, Head of ICO Advisory at NKB Group Marina Titova, CEO and Co-founder of Coinfloor Ltd Obi Nwosu, and European Marketing Lead at Coinbase Joseph-Daniel Millwood, among many others.
The event will take place November 30th on Old Billingsgate, a historical event venue located in the heart of London.
Get your tickets here (use the CC30 discount code to get 30% off)