We know it is difficult to get up at five in the morning. But the most difficult thing is to understand the Security Exchange Commission regarding the approval of the Exchange Trade Funds (ETFs).
Van Eck, SolidX to Offer Bitcoin ETF to Institutions via SEC Exemption
When we got up, the first news that came to the market was that Van Eck Securities Corp. and SolidX Management LLC plan to start selling shares in a limited version of a crypto exchange-traded fund.
The companies are employing a rule that will exempt the shares from securities registration, but the shares can be sold only to certain institutional buyers. Could this news tell us something about the partial approval of the funds? The truth is that there is still no clear information.
PwC Luxembourg embraces crypto-payments
This announcement from the PwC Luxembourg office is a building block of its strategy that revolves around proprietary global PwC-branded blockchain products, including a crypto-audit tool, smart trace, smart credentials, etc.
It also offers professional support to market players who are considering the application of blockchain and crypto-assets to transform their business or create new ones as says pwc.lu.
South Korean consumer electronics giant Samsung wants to patent a blockchain-enabled SSD system
Local industry news outlet Decenter reported on Sept. 3 that Samsung applied for the “programmable blockchain solid state drive and switch” patent on Jan. 15 and that it has been published on Feb. 2.
Details of the newly designed system are sparse, but it will reportedly be used to improve the speed and lifespan of blockchain-aware storage devices as reported cointelegraph.com.
Jaguar and IOTA Develop PoC to Track Power Distribution Through Blockchain
IOTA has partnered with automaker Jaguar Land Rover to develop a proof of concept (PoC) for energy tracking for charging cars using DLT according to Altcoin Magazine.
IOTA announced this on a blog that the goal of the initiative is to show the public how to use energy to recharge Jaguar I-Pace cars in the Trondheim Powerhouse, which will become the basis for PoC testing.
Burger King Germany enables Bitcoin payments in its mobile app
The German version of world-famous fast-food chain Burger King now accepts Bitcoin (BTC) payments in its delivery website and mobile application, according to cointelegraph.com.
Venezuela Sets New Record in Bitcoin Trading Volume
The latest statistics from Coin Dance regarding LocalBitcoinsexchange volume in Venezuela indicate that Venezuelan’s have hit a new record high of Bitcoin traded in the country as related thedailychain.com.
On the seven days leading to August 31, 2019, Venezuelan P2P platform users exchanged bitcoin for the main currency of Venezuela, 114 billion sovereign bolivars (VES), which was higher than what was set in the previous week at 77 billion VES.
Algorand blockchain accelerator closes Algo VC fund at $200 million
Algo Capital, the financial institution focused on accelerating access, adoption, and liquidity of the Algo, the native digital currency of the Algorand blockchain, today announced the closing of its Algo VC Fund at $200 million, surpassing the firm’s original goal of $100 million as said cryptoninjas.net.
The fund will invest in category-leading businesses that are building on the Algorand technology platform and seeks to accelerate the use and acceptance of the Algo as a means of payment.
Telegram testing an Ethereum-compatible blockchain
Telegram is publicly testing its much-anticipated blockchain project ‘TON” as wrote cryptoslate.com.
The company’s blockchain will be compatible with Ethereum, allowing developers to port their Ethereum smart contracts, revealed a tech startup working on the project alongside Telegram.
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