Top five stories from the last week
| Don't Miss The Top Five Stories From The Last Week SEC Rejects — Then Will Review — Nine Bitcoin ETF Application
What happened?
The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin exchange-traded funds (ETFs) from ProShares, Direxion and GraniteShares.
What does it mean?
The SEC noted that it will be reviewing its decision, which was based on the claim that the products did not comply with the requirements by the "Exchange Act Section 6(b)(5) in particular the requirement that a national securities exchange's rules be designed to prevent fraudulent and manipulative acts and practices." Get more details here.
China Imposes Localized Ban on Crypto-Related Promotions
What happened?
China is prohibiting all commercial venues from hosting any cryptocurrency-related events in Beijing's Chaoyang district.
What is this for?
The restrictions in the Chaoyang district intersect with a sweep of wider measures targeting communication channels or 'loopholes' through which Chinese investors can gain access to Initial Coin Offerings (ICO) or crypto-related activities. Read more.
Apple's Steve Wozniak Plans to Get 'Involved' in Blockchain Project for First Time
What happened?
Apple co-founder Steve Wozniak has announced that he plans to get "involved" in a blockchain project, in what is a "first" for him.
What did he say?
"I'm involved with, very soon, my first time being involved in a blockchain company [...] Our approach is not like a new currency, or something phony where an event will make it go up in value. It's a share of stock, in a company." Read more here.
World Bank, Commonwealth Bank of Australia Issue Public Bond On Blockchain
What is this all about?
The World Bank and the Commonwealth Bank of Australia — the country's largest bank — have issued a public bond exclusively using blockchain technology.
How does it work?
According to the CBA, the $73.16 million deal entails two-year bonds that will settle on Aug. 28 and have been priced to yield a 2.251 percent return. Details here.
Pornhub and Startup PumaPay Partner for Crypto Payments
What is this all about?
Adult entertainment streaming website Pornhub has partnered with crypto payment and billing startup PumaPay in order to allow its users to pay in cryptocurrencies.
How does it work?
Pornhub is now accepting PumaPay, with its "unique" pull-payment protocol, which will allow users to automatically pay for their subscriptions, including PornHub Premium. Read more here. | | | | |
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