Day: January 23, 2019

Cboe Pulls Its Proposal for SolidX/VanEck Bitcoin ETF

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The Chicago Board of Exchange (Cboe) is pulling the plug on the SolidX and VanEck bitcoin exchange traded fund (ETF) proposal, adding another twist to a regulatory saga that can’t seem to find an ending. According to a January 23, 2019, statement from the U.S. Securities and Exchange Commission (SEC), the exchange operator sent the agency a petition to withdraw its application for a proposed rule change from the SEC’s consideration. If accepted, the rule change would have given the Cboe clearance to list the world’s first bitcoin ETF, an…

John McAfee Will Run His Presidential Campaign Overseas

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US entrepreneur and crypto enthusiast John McAfee has fled the United States to conduct his 2020 presidential campaign. The McAfee 2020 Campaign is, as of this day, in exile. I am being charged with using Crypto Cuttencies in criminal acts against the U. S. Government. More videos coming shortly. Stay tuned. pic.twitter.com/C75zcbnKTD — John McAfee (@officialmcafee) January 22, 2019 John McAfee Runs for President John McAfee is the founder of the famous McAfee antivirus software. Back in June of 2018, the cryptocurrency enthusiast announced his plans to run for the US…

Elections Canada Consults With Political Parties on Crypto Donations

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According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act. Election season is just beginning in Canada. There are three federal by-elections called for February 25, 2019; these will fill vacant…

Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont

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Enterprise blockchain startup Symbiont has closed a $20 million Series-B funding round led by Nasdaq Ventures with participation from Galaxy Digital, Citi, Raptor Group and others. The firm, which has kept a fairly low profile the last two years as the cryptocurrency market’s gyrations overshadowed the enterprise sector, previously raised a combined $15.4 million from a seed round in 2014 and Series A in 2017. Symbiont CEO Mark Smith told CoinDesk that the firm doubled its staff last year, and now has more than 60 employees. “We have been very…

Bitcoin Price Will Tank to ‘Zero’, Claims Investment Firm Chief at Davos

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Image: Shutterstock By CCN.com: Heated debates are warming up the icy snow-capped city of Davos during this year’s World Economic Forum. BOE senior adviser yesterday said that cryptocurrencies were worthless. Today, BCG Digital Ventures founder Jeff Schumacher said Bitcoin price will fall to zero. Schumacher is a top investor and relative veteran in the space. He told an open-mouthed CNBC panel that he believed bitcoin has no value and that it was useless as a currency. Instead, he’s far more interested in blockchain technology. ‘Bitcoin will go to zero’: Davos…

Crypto Exchange Bithumb Seeks US Listing via Reverse IPO

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Bithumb, one of the largest cryptocurrency exchanges by trading volume, is looking to go public in the U.S. through a reverse merger. Blockchain Industries, an investment firm focusing on the crypto and blockchain industry and traded on the U.S over-the-counter markets, announced Tuesday that it had signed a binding letter of intent agreement with Singapore-based BTHMB Holdings, the holding company of Bithumb, for the reverse merger deal. A reverse merger is also known as a reverse initial public offering (IPO), wherein a private company acquires a publicly listed company to bypass the lengthy…