US Government to Grant $800k to Blockchain Researchers

As reported, the U.S. government will help fund a distributed ledger platform being developed by researchers at the University of California-San Diego
21 August 2018   176

The US government will support a distributed registry technology developed by employees of the University of California at San Diego, CoinDesk reports.

The researcher and software developer of the Data Enabled Scientific Computing division at the San Diego Supercomputing Cente, Subhashini Sivagnanam, won a $ 818,433 National Science Foundation (NSF) grant for the development of an open scientific circuit (OSC) - a distributed registry, through which researchers can effectively access data, collected in the course of various scientific experiments, and verify it.

NSF is a scientific organization that helps to distribute federal resources in favor of various research initiatives. In recent years, it has supported several blockchain projects, including those that deal with various aspects of incentive mechanisms in cryptocurrencies and blockchain.

According to the available information, the latter project creates "a web-based cyberinfrastructure platform built using distributed ledger technologies that allows researchers to provide metadata and verification information about their scientific datasets and update this information as the datasets change and evolve over time in an auditable manner" .

In other words, the proposed network will be an up-to-date register of researchers' work, which will grow as new information is added to it. Thanks to this network, researchers will be able to trust the data with which they will have to work more.

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.