Coil is a new company founded by the former chief technology officer of Ripple named Stefan Thomas. Now, it has finally entered a closed beta. The project reportedly aims to enable web content creators to better monetize their work.
Cryptocurrency Market Updates
The core developers of the Ethereum network agreed on their regular YouTube meeting that the implementation of the “Difficulty Bomb” would be postponed so that its code could be included in the upcoming hard fork Constantinople.
The owner of the CBOE (Chicago Board Options Exchange), CBOE Global Markets, which is also one of biggest exchange holding companies in the world, is planning to launch its Ethereum futures contracts later this year.
The California State Legislature has passed bill AB 2658, which calls for the setting up of a Blockchain technology working group. The bill has been passed by both Houses of the state and is heading for final approval by the Governor of California.
Hong Kong is looking at attracting Blockchain professionals to the island and has launched a special immigration policy for such workers. On Tuesday, the authorities in Hong Kong released a “talent” list which covers 11 different professions that will now be eligible for special consideration when foreigners apply for the city’s Quality Migrant Admission Scheme (QMAS).
JP Morgan’s Chief Information Officer Lori Beer stated at a press conference in Buenos Aires that Blockchain technology was going to replace existing tech in the next few years.
Last week, the US Securities and Exchange commission shot down not just two proposals for Bitcoin based ETFs by ProShares, but also another 5 by submitted by Direxion and 2 by GraniteShares. Then, the very next day, the SEC announced that it was going to review all petitions once more.
The World Bank has managed to exceed its goal of $73 million, particularly for its blockchain bond which is $8 million. Australia’s very own Commonwealth Bank wants to settle the bond called bond-i. The latter is meant for blockchain operated new debt instrument. This subsequently marks the very first time the World Bank settles a blockchain bond.
The US CFTC (Commodities Futures Trading Commission) won its fight against CabbageTech Corp., a New York based cryptocurrency firm for bold and vicious fraud. Earlier this year, the promoter and operator of CabbageTech Corp., Patrick McDonnell, had been charged with fraud and as well as the misappropriation in relation to the trading of Bitcoin and Litecoin.
The US Securities and Exchange Commission (SEC) is reportedly going to review its decision of rejecting 9 Bitcoin based Exchange Traded Fund (ETF) application. The SEC had rejected the applications on Wednesday this week, a total of 9 applications for BTC ETFs that had been filed by 3 separate companies.