ICO Race to be held with a prize pool of 1 mln

A new event for crypto startups with the largest ever pitching prize of 1 million is taking place on June 7
04 June 2018   541

Eidoo is organizing The ICO Race on June 7 to allow ICOs to pitch and compete for $1 million. The winner will be awarded the prize in exchange for tokens. Palazzo Dei Congressi will play host to the event. Each ICO will have a 10-minute pitch in front of a panel. Evaluation will be based on the following key points:

  • solution of the problem;
  • business & token sale model;
  • token sale terms;
  • the pitching team;
  • the quality of the pitch

The panel will consist of Kellerhals-Carrard partner Lars Schlichting, Eidoo CEO Thomas Bertani, Bitfinex CRO Paolo Ardoino, Adm Ventures founder Federico Tosato, d10e CEO Mike Costache and others. Some of the notable speakers at the event are as follows:

Bitfinex will act as the main speaker at the contest. Among the sponsors there will be KPMG, Santiment, CryptoCompare, ParkinGo, Sgame and others.

More event details can be found here.

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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.