Ontology is ready for MainNet launch

Ontology's MainNet is going live on June 30 with a simultaneous swap NEP-5 ONT token to ONT
14 June 2018   577

High-performance public blockchain project Ontology is going to launch the MainNet on June 30. The launch will mark the transition of the project from NEO blockchain onto one of its own. Thus, current NEP-5 ONT token will be swapped for ONT. The swap period will be active for 3 months till October 1.

As of now, exchanges like Binance, Huobi, OKEx, Upbit, KuCoin and Gate.io are supporting the migration. The swap procedure assumes an automatic mapping as well as a manual method.

Ontology is a distributed trust collaboration platform that provides public blockchains that include a series of complete distributed ledgers and smart contract systems. At the moment of publication, Ontology market indicators are as follows:

Average price 6.07 USD
Market cap 918,574,979 USD
Volume (24H) 100,104,000 USD

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.