Chinese Universities to Launch DAO

According to the idea of ​​the creators, the project will become the opposite of the American Ivy League and is designed to make education more affordable
29 May 2018   389

A group of leading Chinese universities are planning to create a decentralized autonomous organization (DAO) in order to make educational resources more accessible. This is reported by Coindesk.

The initiative called the Youth Education Chain League (YEC League) will be attended by the Beijing and Zhejiang universities, as well as the Tsinghua University. Educational institutions and research institutes will act as nodes in the DAO.

According to the idea of ​​the creators, the project will become the opposite of the American Ivy League, in which educational resources are for the most part only accessible to the elite.

Ultimately, participants will be able to vote for future developments and applications on the platform, while students will have access to educational resources from different institutions located on the common blockchain.

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   158

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.