by BlockEx 1. SEC Postpones Ruling On Bitcoin ETFs To September The U.S. Securities and Exchange Commission (SEC) has decided to September. The independent agency announced the decision in its . The approval requests were filed by Direxion Investments. One is based on Bitcoin price, while the other four on its price movements. SEC justified the decision by explaining that “the Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change”. to postpone its decision regarding the approval or not of five exchange-traded funds (ETFs) Federal Register 2. Singapore Airlines Launches Digital Blockchain Wallet Leading airline operator called KrisPay. This will allow frequent fliers to convert air miles into digital currencies and use them in everyday spend with partner merchants. As of now, the retailers taking part in the initiative are 18 and operate in different industries. Many more will be added in the future. “KrisPay is the world’s first blockchain-based airline loyalty digital wallet”. During the launch period, discounts will also be made available. We first about this in February, when Singapore Airline announced its project, which came following a proof-of-concept trial conducted in collaboration with KPMG and Microsoft. Singapore Airlines has launched a digital blockchain wallet reported 3. Bitcoin Surpasses $8,300 (£6,313) earlier today. This has been the highest level in the past two months. Many believe that the surge was due to, at least in part, an impending approval by the US government for a cryptocurrency exchange-traded fund. The last figure comes from the Luxembourg-based Bitstamp exchange. Bitcoin was at $8,198.04, a rise of 6.33%. Even the second biggest cryptocurrency, Ethereum, rose by 4.79% to $470.66 on Bitstamp. Bitcoin has peaked at over $8,300 4. TRON’s Purchase Of BitTorrent Confirmed For some time there have been rumours about a possible acquisition of B2B platform operator BitTorrent by TRON. , adding that this makes TRON the largest decentralized Internet ecosystem in the world. BitTorrent is a “file sharing communications protocol based on a peer-to-peer network”. Many consider this the origin of decentralisation online. TRON explained that one of the reasons which led to the acquisition is a common desire of a decentralised WEB. TRON also hopes to integrate BitTorrent’s tech talent and experience in its company. Founder Justin Sun has now confirmed the news This news roundup was brought to you by . BlockEx To receive our daily news roundup in your mailbox, sign up here: http://bit.ly/BlockExNewsAndUpdates
