-
The US Securities and Exchange Commission has dismissed Bitwise’s new bitcoin Exchange-Traded Fund proposal.
Global Exchange. Bitwise Asset Management registered the latest ETF program in association with NYSE Arca stock exchange. The SEC stated the proposal did not satisfy legitimate conditions to prevent illegal activities in markets.
Due to illicit undertakings and manipulation by markets, the SEC has turned down all proposals of bitcoin ETF so far.
The order stated, “The Commission is disapproving this proposed rule change because, as discussed below, NYSE Arca has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5), and, in particular, the requirement that the rules of a national securities exchange be ‘designed to prevent fraudulent and manipulative acts and practices.'”
According to cryptonews, Bitwise was the first company to introduce an ETF in the US along with VanEck, an investment management firm. The latter had filed an analogous proposal with the companies Cboe BZX and SolidX. VanEck took out its report in September.
Bitwise attempted to convince the regulatory body that concerns about deceitful activities could be discussed. The firm presented statements on the "real" bitcoin market and how their operations are strongly related to the bitcoin exchange futures.
The SEC has one bitcoin ETF proposal, registered by NYSE Arca and Wilshire Phoenix, after the dismissal on Wednesday
According to the blockchain training institute, Banque de France, the French Central Bank is looking to hire a Blockchain technology analyst.
The job role would be to guide the bank to outline a digital currency implementation program.
Banque de France job post discloses Digital Currency Implementation Program.In the recent job posting, the bank looked to hire an analyst having experience in:Game theoryCryptoeconomicsPublic Blockchain Private BlockchainBanque de France is also looking for the position of a development engineer who would analyze the use of Blockchain technology is crucial banking operations.For the Blockchain analyst role, the banking institution mentioned the following as examples of Private Blockchain:Quorum, HyperledgerCordaIt also mentioned the following examples of Public Blockchain:Bitcoin Blockchain Ethereum BlockchainBanque de France job post discloses Digital Currency Implementation Program.
In the past, the banking institution has mainly focused on Blockchain but not on Bitcoin.
In 2016, it ran a digital identification trial that examined the usage of Blockchain in identity markers management.
The identity markers are used to create the identity of creditors within the SEPA.The governor of the bank declared that it would build a financial technology innovation lab.




Jack Dorsey's Square soon shall be making a business that will entirely focus on Bitcoin.
Dorsey has already outlined plans to create a platform of an open developer that shall be focusing on Bitcoin DeFi services.
On July 15, this news was out by Dorsey via Twitter with an aim to now double down on its Bitcoin bet.
About the New platform: The Tweet that was out by Jack Dorsey states, ‘Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.
Our primary focus is #Bitcoin.
Its name is TBD.’ CEO of Square company Jack Dorsey made an announcement of a new division creation focusing on “building an open developer platform”.





