Bitfinex to support the Onward EOS Mainnet Token Swap

EOS.io, blockchain set to enable vertical and horizontal scaling of decentralized apps, gains support from a full-function trading platform Bitfinex
19 April 2018   2514

The promotion is necessary for major digital assets and cryptocurrencies, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero and many more. Bitfinex suggests margin trading via a peer-to-peer funding market, that lets users to trade safely with up to 3.3x leverage. Bitfinex statement supporting the upcoming EOS MainNet Token is impacted by the psychology of the cryptocurrency- world’s investors and Block.one, the founder of the technology has spoken a great deal about how EOS will change the world.

With the release of EOS.IO, everything will be better, faster and cheaper, everything will be more connected, everything will be more trustworthy, everything will be more secure, everything that exists is no longer going to exist in the way it does today, everything in this world is about to get better.
Brock Pierce, partner, Block.one

Block.one has confirmed this statement by the credibility of their CTO, Daniel Larimer, who has previously established and deployed two of the most used decentralized applications to date. the developer worked on the Bitcoin technology in the initial stages and did not think it would perform adequately. Daniel developed a extensible highly efficient Blockchain architecture, now widely known as Delegated Proof of Stake [DPOS]; today DPOS operates the majority of all blockchain transactions globally.

Bitfinex aid for the EOS MainNet token would promote the following advantages to the exchange – As EOS transitions from Ethereum to its MainNet chain, it will let  them to manage all technical demands related to the swap to guarantee a smooth token registration process for all users storing EOS on Bitfinex.

Bitfinex EOS MainNet Token Swap is stated to take place in June (more details will be  accessible at the start of June).

Bitwise to Withdraw Bitcoin ETF Application

The application was filled a year ago, company met with regulator 8 times and prepared more than 500 pages of documents
15 January 2020   154

Bitwise Asset Management, a digital asset management company, has withdrawn an application to launch a Bitcoin-linked exchange-traded fund (ETF).

On Tuesday, Bitwise sent a notice to the US Securities and Exchange Commission (SEC), where it announced that it had made such a decision "in the public interest and investor protection."

We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.

 

Matt Hougan

Global head of research at Bitwise

He also noted that his firm is currently “working hard” to answer the SEC questions in the 112-page commentary on the initial application.

We remain fully committed to the development of a bitcoin ETF.

 

Matt Hougan

Global head of research at Bitwise

Bitwise has applied for the launch of the Bitcoin ETF in January 2019. Since then, the company met with the regulator eight times and prepared 500 pages of documentation with arguments in favor of approving its proposal.