The Week in Review: ETFs and Expansions of bitcoin Magazine

ETF’s are back in the news this week with all the Winklevoss twins of Gemini becoming rejected again, whilst investment firm Direxion was delayed till September on a final decision. Crypto continues to make inroads to the financially impoverished country of Venezuela, with Dash currently becoming more popular than Bitcoin for black market purchases of fundamental necessities.Qtum is the newest blockchain tech company to become accessible on AWS, which makes the production of, and deployment of Qtum grown dApps that much easier. Only north of Qtum headquarterswe watch the cryptocurrency exchange Binance continue to grow and expand with a new push to South Korea.Featured tales by Jimmy Aki along with Colin HarperStay on top of their best stories from the bitcoin, blockchain along with cryptocurrency industry. After having a proposal rejected last year, they had expected to procure their Winklevoss Bitcoin Trust on BATS Global Market’s BZX stock exchange, however the June filing was curbed at a 3-1 vote. SEC Puts Off Decision on 5 Bitcoin ETFs Till September 2018The SEC has stalled the inspection of five Bitcoin ETFs proposed by investment firm Direxion Asset Management, since it needs additional time to research the proposal before reaching a final decision, which they say may come on September 21, 2018. The statement reads“The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to look at the proposed rule change. Accordinglythe Commission … designates September 21, 2018, since the date by which the Commission shall either approve or disapprove the proposed rule change. ”Still another Cryptocurrency Makes Inroads at VenezuelaThe Dash cryptocurrency is establishing itself among Venezuela’s most popular cryptocurrencies. Bitcoin may nevertheless be king to the worldwide scene, however in South America’s northernmost nation, dashboard is well known for excellence. And, according to Latin American exchange Cryptobuyer, it has all usurped bitcoin from the region.Qtum Platform Now Available Through Amazon Web ServicesQtum is a hybrid platform that employs the Account Attraction Layer, a port layer, to merge the potency of Bitcoin’s blockchain with all the Ethereum Virtual Machine to construct decentralized applications. Produced as a toolkit, the stage employs the proof-of-stake version to reduce the network’s difficulty whilst mitigating and resolving scalability. Qtum has launched its decentralized application (DApp) growth platform available on Amazon Web Services (AWS). With this launch, AWS users and developers will have the ability to develop and launch smart contracts employing an Amazon Machine Image (AMI), made up of Qtum Core, Solidity and Qmix web IDE.Binance Plans to Expand Into South KoreaBinance, the world’s largest cryptocurrency exchange by daily quantity, is expanding from its home base in Hong Kong to South Korea. Even though South Korea is assumed to be the third-largest crypto market following the U.S. and Japan, it hasn’t been a smooth ride for the cryptocurrency exchanges working there. Bithumb and Coinrail were murdered earlier this year, whilst taxation police have raided Coinone on tax evasion allegations. Binance seems to be undeterred with this, since it has been setting the groundwork for its own expansion into South Korea for a while. Last year, the company added Korean language service to its site.


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