Top five stories from the last week
| Don't Miss The Top Five Stories From The Last Week Bill Clinton: 'Permutations and Possibilities of Blockchain are Staggeringly Great'
What is this all about?
Following a keynote address at Ripple's annual Swell conference in San Francisco, Bill Clinton spoke with Gene Sperling, former advisor at the White House, who acknowledged the potential of disruptive technologies like blockchain.
What did he say?
"This whole blockchain deal has the potential it does only because it is applicable across national borders [and] income groups. The permutations and possibilities are staggeringly great", Bill Clinton said. Get more details here.
Winklevoss' Gemini Crypto Exchange Secures Insurance Coverage for Custodied Assets
What happened?
The Winklevoss' Gemini crypto exchange has obtained insurance coverage for custodied digital assets from lending services firm Aon.
What does it mean?
Per the press release, Gemini's digital insurance coverage will complement the already available Federal Deposit Insurance Corporation (FDIC)-insured U.S. dollar deposits. Read more here.
US SEC Gives November 5 Deadline For Bitcoin ETF Review
What happened?
The U.S. Securities and Exchange Commission has given a time frame for reviewing the rule changes proposed in a series of applications to list and trade Bitcoin exchange-traded funds, appointed Oct. 26 as the deadline and then changed it to Nov. 5
How would that work?
The SEC's review period until Nov. 5 will affect nine different ETFs that were proposed by three different applicants: ProShares, Direxion, and GraniteShares. The SEC has solicited "any party or other person" to file a statement in support or rejection of the proposed BTC ETFs in the review period. Read more here.
Wall Street Journal Creates, Then Destroys Own Cryptocurrency
What is this all about?
Major U.S. publication, the Wall Street Journal (WSJ), has created and then halted the issuance of its own cryptocurrency in the pursuit of learning more about the industry.
Why did they do that?
WSJ journalist Steven Russolillo created the "WSJ Coin," in order to both shed light on the crypto economy as well as provide a use case for the journalism industry. However, after the two issued units were spent on two beers, the WSJ ethics head shut the project down, citing "ethical questions." Read more here.
Malta's Prime Minister Tells UN That Crypto Is the 'Inevitable Future of Money'
What is this all about?
The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the "inevitable future of money," and that blockchain can galvanize a more transparent and equitable society.
What is this based on?
Muscat argued that distributed ledger technologies (DLT) – of which blockchain is one type – will transform the gamut of political, civic, and corporate systems. Their potential to solve "decades-old problems" was the impetus for Malta to "launch itself as a 'Blockchain Island,'" he said. Get more info here. | | | | |
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