CBOE to File New Bitcoin ETF License Application

The proposal only will trade with SolidX Bitcoin Shares, and each share will be worth 25 Bitcoin
09 July 2018   1825

The CBOE Global Markets sent an application to the US Securities and Exchange Commission (SEC) for the opening of another bitcoin ETF, which intends to trade in SolidX shares. This is reported by BitcoinExchangeGuide.

The SEC requested comments on the application on June 26. It is assumed that the price of one share of SolidX will be 25 BTC. Nevertheless, even if the CBOE receives a positive response, the bitcoin-ETF will not be launched before the first quarter of 2019.

As reported, in the past, the SEC has repeatedly rejected applications for the launch of Bitcoin ETF, but this time the application was filed after several recent statements by the Commission that it does not plan to classify Bitcoin and Ethereum as securities.

In this regard, and in the light of more liberal legislation on crypto-currencies in countries like Malta, the Commission may reflect on making the US market more competitive.

In July 2016, SolidX Partners Inc filed its own application for the launch of ETF based on bitcoin. It was assumed that the fund will be traded on the New York Stock Exchange (NYSE), but in March 2017, the SEC finally rejected it.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1079

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.