Ontology to Build Ecosystem with International Partners

Ontology is going to build its ecosystem in partnership with such companies as Tembusu Partners, Accomplice, Hashed, and Onchain
13 April 2018   470

Ontology is a high-performance public blockchain project and a distributed trust collaboration platform, which provides public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. 

On April 11 Ontology has announced that it is going to build its ecosystem in partnership with such companies as Tembusu Partners, Accomplice, Hashed, and Onchain. Tembusu Partners is a Singapore-based private equity firm which invests in technology start-up companies, while Accomplice is a venture capital firm headquartered in Cambridge, Massachusetts that invests in technology startup companies, with specialties in cybersecurity, eSports, data analytics, S&B class software, emerging hardware platforms, and marketplaces.

Ontology partnershipsOntology partnerships

Hashed Industries provides product management, product development, regulatory guidance, and technology support services for blockchain solutions and blockchain networks in the healthcare market. Onchain develops blockchain distributed ledger systems, and provides comprehensive enterprise level platform, open platform, continuous services, limitless application potentials, and compound services for businesses.

Tembusu Partners is delighted to cooperate with Ontology to develop the blockchain market in the South East Asian region. This blockchain technology will disrupt many industries and create significant growth just as the internet did twenty years ago.

Andy Lim

Chairman, Tembusu Partners

As it was stated in the Ontology announcement, Onchain is the initiator and core technical supporter of the Ontology project. Tembusu Partners and Ontology will develop Southeast Asian market partners to provide government service support for the local markets, and Ontology and Accomplice will work together to expand influence of Ontology in the United States and Israel. Hashed will help Ontology to develop in South Korea and Northeast Asia, creating a local technical community. 

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.