SEC Approves Petition to Review Bitcoin ETF Rejection
The U.S. Securities and Exchange Commission (SEC) rejected the proposed rule change to list and trade a Bitcoin ETF on Bats BZX Exchange on March 10. The exchange then filed a petition for a review of the Commission’s decision, which was granted on Monday.
Recently, the Bcoin team released the specifications and particulars for launching extension blocks for a blockchain protocol upgrade. They have now nearly completed implementing these extension blocks. Bitpay’s CEO Stephen Pair responded with an article on April 24 saying that Bitpay would be willing to test these “secondary blocks” on a testnet.
South Korea’s Central Bank Report Says ‘Bitcoin and Fiat Currency Can Coexist’
The Bank of Korea joins the growing list of central banks researching virtual currencies like bitcoin. The South Korean bank has just published a research paper that compares cryptocurrencies to traditional fiat currencies issued by governments.