Mosaic Network to Reward Researchers with Cryptocurrency

The new platform aims to provide research by the first quarter of this year to an industry struggling with misinformation and lack of quality analysis
15 February 2018   612

A group of academics and technology experts will soon launch a blockchain-powered network that will reward quality research with its own cryptocurrency called Mosaic. Mosaic, the decentralized network, aims to provide research by the first quarter of this year to an industry struggling with misinformation and lack of quality analysis, Garrick Hileman, the project’s co-founder and the chief executive officer told Reuters on Tuesday.

I’ve been involved in the blockchain research community since its genesis and the dearth of quality research available at a time of such explosive industry growth is alarming. We’re basically producers of high-quality research, information, and data and we come together in that marketplace with the consumers of that data. And for a variety of reasons, the token will help facilitate the interactions within the community on this network. 

 

Garrick Hileman

Co-founder and CEO, Mosaic project

The platform will reward researchers with native tokens when they contribute to the network, Mosaic said in a statement. The reward will depend on the quality of work submitted and the sentiment of network members to it. Accessing the research will cost Mosaic tokens.

For researchers or analysts to contribute to the Mosaic platform, they will have to disclose their personal and professional affiliations with crypto asset holdings so that research is not fueled by personal gain.

The group is selling its own digital currency privately before launching the platform. Hileman said the Mosaic team has not decided on the amount to be raised from the token offering.

Aside from Hileman who is also a cryptocurrency researcher at the University of Cambridge in the United Kingdom, Mosaic was co-founded by Alex Bradford, a graduate of Harvard Business School and former analyst for both Goldman Sachs and McKinsey & Co.

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   134

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.