GMO Coin to be Official Sponsor of Japanese Baseball Team

GMO Coin has declared today that it is the official sponsor of the Japanese baseball team, the Chiba Lotte Marines
26 June 2018   446

Chiba Lotte Marines team is famous in the country, as baseball is one of Japan’s popular sports. The team have won the Japan Series Championship, the top baseball league in the country, 4 times. The most recent victory took place in 2010. Nevertheless, during this season the Chiba Lotte Marines have competed as a team. In the Pacific League, they are coming second last, just in front of the Tohoku Rakuten Golden Eagles.

The statement set that the sponsorship will let GMO Coin to contribute to the baseball team’s development and future. Japan has one of the friendliest areas for cryptocurrencies. The country officially confirmed bitcoin and digital currencies as a “means of payment that is not a legal currency” in 2016. Collaborating with the Marines, GMO Coin is supposed to increase its brand awareness.

Such tentency as sports sponsorships is becoming general for cryptocurrency brokers. This can be explained as sponsorships with sporting teams is a very attractive way to raise brand awareness for the FX, CFDs, binary options, and cryptocurrency industries. In Europe, there has been a determinate growth in cryptocurrency sponsorships. This year earlier, CashBet ran a strategic partnership with Premier League football club Arsenal FC.

The Japanese internet company presented a mobile-based crypto wallet platform on iOS called “GMO Coin Virtual Currency Wallet” on May, 2018. The platform lets the users to store multiple cryptocurrencies along with fiat. GMO Coin is aimed to be the safest virtual currency exchange in the world and will keep on investing in the development of the virtual currency industry.

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   173

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.