BitcoinZeroX: Bitcoin Blockchain Merged with Zero Protocol

Hexx coin plans to merge Bitcoin blockchain with Zero protocol, creating completely new coin BitcoinZeroX (BTCZ) in the third quarter of 2018
04 April 2018   4356

Hexx coin is a privacy focused digital currency with stable client and ongoing development. Hexxcoin implements Zerocoin protocol to ensure anonymity for coin users. Hexxcoin users may convert non-anonymous coins into anonymous ones, which can be sent to other users of the Hexxcoin network, and these transactions cannot be traced by any third party.

According to the white paper of Hexx coin, it will be used to "extend" the functionality of other cryptocurrencies with a low markup - this type of solution is also called merging or co-forking. Reportedly Hexx coin plans to merge Bitcoin blockchain with Zero protocol, creating completely new coin BitcoinZeroX (BTCZ) in the third quarter of 2018.

Every Hexx coin and Bitcoin holder will receive BitcoinZeroX at 1:1 ratio. BitcoinZeroX will not have developer fund and will be completely independent from Hexx coin, while the development of Hexx coin will continue. The BitcoinZeroX project will be an independent initiative from Hexx coin and will require its own dedicated whitepaper which will reportedly be released shortly.

The team of Hexx coin stated that future announcements regarding the fork will be made soon, and we will do our best to inform the readers of any upcoming news.

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   135

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.