Australian High School to Hold a Presentation on Crypto

One high school in Australia is going to host a presentation on cryptocurrencies due to the increasing schoolers' interest
13 February 2018   515

According to the email sent to students’ parents, St. Laurence’s College intends to hold an “educational presentation” on cryptocurrencies. This happened after aware of senior students purchasing and adopting cryptocurrencies.

However, this presentation will be non-compulsory for the schools’ staff and students from Year 11 and 12, as well as parents who express interest in understanding the new technology. The presentation is going to be about cryptocurrencies, the technology underpinning them. It will also give basic information about risks and how to keep investments safe.

The presentation was scheduled to be held on February 2 but has been reportedly postponed.

According to a business and accounting professor from the Queensland University of Technology Chrisann Lee, to educate students on cryptocurrencies and the blockchain technology at an institutional level is a healthy development. She also underlined the importance of educating on investing in cryptocurrencies.

At the moment, Australian four big banks are not going to prohibit crypto purchases, unlike counterparts in the US and the UK. Also, Australian authorities have confirmed the regulation of cryptocurrency exchanges in the country. This action will ensure consumer safety.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   134

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.