SEC expected to launch consideration of VanEck-SolidX bitcoin-ETF on Wednesday

Posted 20 February, 2019

The US Securities and Exchange Commission (SEC) may launch consideration of the bitcoin-ETF application filed by VanEck, SolidX and Cboe BZX this week.

The bitcoin-ETF application is reportedly expected to be published in the Federal Register on Wednesday, and this date is likely to become the starting point for its consideration. Under the effective rules, the public will have 3 weeks to submit their comments while the Commission will have to make a decision on this request ( to approve, reject, or require more time for consideration) within a 45-day period.

For reference, Bitwise Investment Management and NYSE Arca whose application also waited for the publishing in the US Federal Register was eventually registered on February 15, so the Commission has time until early April to approve, decline or postpone it.

Notably, the VanEck/SolidX ETF application is currently placed in the Public Inspection section of the Federal Register, and it yet to be officially included in it. The publication is said to be slated for February 20.

VanEck and SolidX Bitcoin-ETF initially submitted their Bitcoin ETF last year. The market participant considered it as one of the most promising. However, it was reported earlier the companies decided to withdraw it amid the longest shutdown of the US government, while the new application was filed in late January 2019.

In case of a positive determination, it may improve the liquidity of the bitcoin market amid signs of its recovery. Nevertheless, there is also another possible scenario suggesting an extension of the deadline for the consideration (up to three times), so in fact, the process can take months. 

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20 February, 2019 13:17

← QuadrigaCX customers get legal representatives

After a week of deliberations, Judge Michael Wood of the Nova Scotia Supreme Court has eventually made a final determination on the issue of the QuadrigaCX customers’ legal representatives. It was ruled that Miller Thomson and Cox & Palmer were selected to act on behalf of some 115,000 victims next weeks. Wood favoured Miller Thomson and Cox & Palmer taking into account their deep experience with the cases of "extensive insolvency and CCAA".

QuadrigaCX customers get legal representatives

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20 February, 2019 10:49

Public testing of Binance DEX goes live →

One of the major cryptocurrency trading platforms – Binance – reportedly launched trials of its decentralized exchange Binance DEX. The platform is now available to the public and supports test tokens. DEX exchange is very similar to the main platform Binance. The exchange supports BNB, BTC, ETH and USDT. Notably, the BNB price is rising now hitting new highs against bitcoin. Along with the test launch of the DEX platform, Binance has lately got in the wrong box after it made undesigned airdrop of BitTorrent. As a result, some users received BTT tokens.

Public testing of Binance DEX goes live
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