Bitcoin Private Merchant Platform Beta to be Launched

The current ETA for phase 1 roll-out is Friday, April 13, 2018
31 March 2018   1763

Bitcoin Private uses the same privacy technology as ZClassic, and the payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable. Just like Bitcoin, Bitcoin Private supports peer-to-peer transactions without an intermediary. Unlike Bitcoin, Bitcoin Private supports a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.

Quite recently Bitcoin Private has published the merchant platform roadmap, and you have a chance to have a look at it  below.

Bitcoin Private Merchant Platform Phase 1 BetaBitcoin Private Merchant Platform Phase 1 Beta

Bitcoin Private team reported that it didn’t initially expect to deliver a payment solution this soon, however, given how quickly business vendors across the world are beginning to accept BTCP as payment, they decided to expedite the internal planning and development process so that these vendors would have something safe and user friendly to use for now. The current ETA for phase 1 roll-out is Friday, April 13.

Further on, Bitcoin Private plans to signup a base of merchant vendors who will serve as beta users of their phase 1 merchant platform. Moreover, Bitcoin Private has assembled a partnerships team that works on signing up merchant vendors, onboarding them with the first version of our payment solution, and supporting them on any questions they may have. 

VanEck & SolidX to Withdraw BTC ETF Application

Bitwise and Wilshire Phoenix' Bitcoin applications are still pending
18 September 2019   181

The bid for Bitcoin ETF launch by VanEck and SolidX, considered the most likely candidate for approval, was withdrawn amid continuing uncertainty from the US Securities and Exchange Commission (SEC).

VanEck and SolidX planned to place their Bitcoin ETFs on the Chicago Options Exchange (Cboe). However, as follows from the notification published on Tuesday, on September 13, the latter withdrew the application for a change in the rules, which, if approved, would allow launching the corresponding tool.

Previously, SEC postponed the solution several times at the request of VanEck and SolidX. The last time this happened in August was when the decision on Bitcoin ETFs from Bitwise Asset Management and Wilshire Phoenix was also postponed.

The final deadlines for decision making on Bitwise and VanEck / SolidX applications were on October 13 and 18, respectively. Wilshire Phoenix's decision is due on September 29th.

It should be noted that over the past few years, various companies have sought approval from the SEC to launch exchange-traded funds, but each time the regulator refused. Most often, the reasons for the negative decision were explained by the risks of market manipulations and insufficiently developed market control tools.