Spain invests to create Blockchain center in Barcelona

Spain is intended on the development of the Blockchain based technology in the country
25 May 2018   372

As reported in the local news, Barcelona Tech City will be building a specialized space for Blockchain technology development. The new working area will be situated a second building which will be near the headquarter Pier01. Barcelona Tech City headquarters were presented back in summer 2016, and will mostly be used by Spanish Blockchain network Alastria.

Currently Pier01 hosts over 1,000 local and international specialists from tech launches and undertaking hubs throughout the country. All of the working teams and staff members are the part of the city’s digital ecosystem which is placed in the reconstructed Palau de Mar.

In the nearest future various buildings of Barcelona Tech City are aimed to be connected by electric vehicles. The Tech City will also keep all the necessary services for the “inhabitants” such as centers for health, gaming, and media. In November 2017, a famous software firm, SAP announced about joining Alastria’s Blockchain consortium. According to the report, the consortium presently has more than 150 member organizations that include several major Spanish banks, leading telecommunications networks as well as many large and IT industry based universities.

The Blockchain tech hubs building has been broadly spreading worldwide as a meaningful recent IT industry trend. The announcement from Spain was one of the recent several important initiatives which all interested in the development of Blockchain technology. 

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.