OpenBazaar reached $5 mln mark in a series A round

Bitcoin marketplace has gained support from Bitmain along already participating Union Square Ventures, BlueYard Capital, Digital Currency Group
14 March 2018   630

OpenBazaar managing company, OB1 has announced it successfully secured $5 mln of a series A round. The round was headed by the venture capital arm of OMERS pension fund - OMERS Ventures. Among the backers Andreessen Horowitz, William Mougayar, Union Square Ventures, BlueYard Capital, Digital Currency Group there was a new investor - Bitmain.

OB1 allows individuals, living anywhere, to buy and sell as part of a truly global marketplace. We are excited about the potential represented by OpenBazaar’s decentralized peer-to-peer protocol, and are thrilled about the various implementation paths that Brian and the rest of his team are pursuing.

 

Jim Orlando

Managing Partner, OMERS Ventures

The official release also explains the key points of the ongoing development: enhancements in terms of user flexibility and control over the means of the sale and purchase of products online. The 2018 plan also includes the launch of both web and mobile applications and new features like trade requests and operations with other cryptocurrencies. In early 2018 the platform already implemented Bitcoin Cash and Zcash services. This week was notable with the release of Verified Moderators program.

Our goal is to see the OpenBazaar protocol and software empower business owners and consumers alike to shift away from the corporate-controlled legacy systems and engage in ecommerce in a free, fair and independent way.

 

Brian Hoffman

CEO, OB1

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   167

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.