Sirin Labs to release the blockchain phone design

Sirin Labs will be presenting the design of the first blockchain phone FINNEY on June 12
05 June 2018   668

Recently, Sirin Labs has shared an image of the front glass for FINNEY blockchain smartphone. Now, the project is preparing to reveal the whole design of the phone on June 12. In the long run FINNEY smart devices will create a blockchain network of their own using a distributed ledger consensus mechanism.

Fast payments between the peers will be fee-less, and each device will feature a cold storage crypto wallet that is compatible with the most common cryptocurrencies. The platform will provide a UI/UX friendly for making secure payments.

FINNEY look in profile

The phone will feature a quick-charge function (50% within 30 minutes) and a secure P2P battery trading within SIRIN OS (strangers can ask to charge their phone in exchange for a reward of SRN tokens). At the moment of publication, Sirin Labs market characteristics are as follows:

Average price 0.313037 USD
Market cap 71,766,246 USD
Volume (24H) 7,172,880 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.