United Arab Emirates is hosting smart economy conference

Dubai is organizing ArabNet Digital Summit on April 30 - May 1 to discuss the perspectives of smart economy and the future of financial services
13 April 2018   527

ArabNet Digital Summit is coming to Dubai on April 30 - May 1 with the help of NextMoney. The event is organized by ArabNet at Madinat Jumeirah Conference Center. The summit will explore the trends and opportunities in financial technology, banking, and transactional businesses. In addition to that, topics like artificial intelligence, big data, blockchain and the potential they have in the bank and financial services sectors. Among the partners of the forum of money are ConsenSys and Bloomberg Businessweek.

Another forum that will be part of the summit is smart economy forum. It will feature topics like applications of blockchain technology, driving progress through big data, and the evolving role of digital enterprises. A vision of the cities of the future is on the agenda as well. Partners of the forum include Xische&Co and Smart Cities New York.

To see more details you can visit the official website of the event.

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   145

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.