The Cryptoverse
Published in

The Cryptoverse

SEC Delays Big Bitcoin ETF + Bancor Links EOS and Ethereum

https://youtu.be/fKMav7Py5-E

On Today’s Episode of The Cryptoverse…

It sounds to me like the SEC is pushing back it’s decision to approve or disapprove the big Bitcoin ETF proposal another 3 weeks. Bancor links the ethereum and EOS (eosio) networks.

Watch the podcast episode right here in the article!

Episode Transcript & Notes

In their latest report dated the 20th of September they say they have not yet reached a decision either way.

They call for more written comments from the public and ask what people think about a whole list of issues, mostly relating to market manipulation.

Then on page 18 it says:

“Interested persons are invited to submit written data, views, and arguments regarding whether the proposal should be approved or disapproved by [insert date 21 days from publication in the Federal Register]. Any person who wishes to file a rebuttal to any other person’s submission must file that rebuttal by [insert date 35 days from publication in the Federal Register].”

So I had the 30th of September as the deadline the SEC had imposed on itself for announcing their decision on this SolidX ETF proposal.

Say they published this report on the Federal Register today, that takes us to the 12th of October.

But even then, the SEC are not saying they’ll announce their decision by then.

That’s just the new deadline they are placing on the public for submitting their arguments as to why the proposal should be approved or disapproved.

So now I have no bloody idea when they are going to make a firm decision.

In any case the crypto markets have gone a bit mental today. Ripple is up over 40% as people were getting excited about their xRapid product launching soon.

What we need is less news about ETF proposals and more news about apps and services that offer serious mainstream adoption potential.

If You’d Like To Support The Show

If you hate ads and those sponsor spots you can now remove them by signing up to The Cryptoverse Patreon which is also linked on the website TheCryptoverse.show.

EOS + Bancor For an EOS-ETH Linked Bridge

Big EOS news as Bancor (another one of the biggest ICOs of all time) is close to launching it’s BancorX EOS app.

Bancor created an algorithm that uses a platforms core token to create a pool of liquidity and effectively remove the need for an exchange.

I studied Bancor in-depth during the ICO but I never did quite get my head around the math.

What results though is a ShapeShift.io style application that allows you to convert almost any coin to almost any other coin.

Here is the Ethereum version of Bancor…

And you can see they have all these Ethereum based tokens that you can exchange one for another.

What’s amazing is that it creates liquidity for all the cross pairs.

A cross pair meaning one ERC-20 token to another instead of having to trade into Ethereum and then into another token.

They have like 7,000 trading combinations on here.

So they launched on Ethereum and that’s working.

What they are about to launch next is the EOS version of this.

So that will not only bring this liquidity algorithm to EOS based tokens, buuuuut… Bancor are saying that these two systems will be integrated.

Meaning you would be able to trade straight from say Basic Attention Token (an Ethereum based coin) to Everipedia IQ token (an EOS based token).

That is a major breakthrough in my opinion because it’s a whole new paradigm for token trading.

You trade directly on the blockchain, with no deposits, no central servers storing your tokens and no need to match buyers and sellers.

I know, sounds too good to be true, but you can try it out for yourself on Ethereum. It’s been working there for a while.

All they are doing now is adapting it to EOS and then linking the two systems together.

This looks to be Bancors plan, to systematically integrate the most popular blockchains in the same way.

They started with Ethereum and EOS is their next choice.

●▬ Recent Episodes From The Cryptoverse▬▬▬▬▬●

●▬ Discount Links For My Courses ▬▬▬▬▬●

●▬ Social Networks ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

Patreon: https://www.patreon.com/TheCryptoverse

Steemit: https://steemit.com/@marketingmonk

Twitch: https://www.twitch.tv/thecryptoverse

Twitter: https://twitter.com/ChrisConeyInt

Facebook: https://www.facebook.com/Cryptoversity/

Telegram: https://t.me/TheCryptoverse

Email: http://eepurl.com/dlPc9P

Reddit: https://www.reddit.com/r/TheCryptoverse/

Minds: https://www.minds.com/marketingmonk

Gab: https://gab.ai/chrisconey

●▬ Support The Show ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

Become a patron: https://www.patreon.com/TheCryptoverse

Sign up for Binance: https://www.binance.com/?ref=10890655

Sign up for RoboForm: https://www.roboform.com/?affid=c5489

Sign up for Weiss Cryptocurrency Ratings:https://www.thecryptoverse.show/crypt...

Sign up for Private Internet Access: https://www.thecryptoverse.show/pia

Buy online courses: https://www.cryptoversity.com/courses/

Buy Bitcoin: https://www.coinbase.com/join/56e9586...

Buy a Ledger hardware wallet: https://www.ledgerwallet.com/r/d1da

●▬ Donate Crypto ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

Bitcoin: 3Fo7Uri2R4MLBbZZ3Ja1ryiXnto8BfqFL1

Bitcoin Cash: qqjjyt543y0untmq6w5em6h82u60kcaqpywxm7x75w

Ethereum: 0x0de0E11E0812982652AB68F903643b0cddD4C0a8

Dash: XbrDZbmqUvUUYsPnj8eSLTLqccXe6QvGoz

DigiByte: DBGFU3KLBiLHa6ZfeorxzfeYaA76Joa36B

LiteCoin: LKLvp8owSjqbNRo3iT2fwgzCF6XBZVC4ig

NEO: AYpGCzgWsZvR6f3fvfDKKkbcCKU1KFU8kd

EOS: chrisjsconey

●▬Sources▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

--

--

--

Welcome to The Cryptoverse podcast, your regular dose of news and commentary on Bitcoin, cryptocurrencies & blockchains. Each episode lasts approximately 15 minutes and includes my moral, ethical and philosophical interpretation of current events. https://www.thecryptoverse.show/

Recommended from Medium

Interview: Nikita Samylin of LEXIT

Leading Information Democratization w/ Anthony Di Iorio

Project Update 2: 28.03.2018

Bitcoin Solutions Moves Towards Public Stock Exchange Listing

Sotheby’s Withdraws 104 CryptoPunks Lot Before Auction, Axie Infinity Hits $4 Billion in Sales —…

Analytical review. Weekly 18.10.2021

BTCNEXT Exchange Update #25

Time Magazine To Accept ApeCoin for Payment, FTX Ventures and Animoca Brands Back $500 Million…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
CrowdConscious

CrowdConscious

Focused on: Inequalities, Blockchain/DLT, Tech Innovation, Value Creation, Business Models, Embedded Idealism & Power Balances. Steemit: bit.ly/Crypto_News.

More from Medium

The Metaverse is the Next Sphere for Big Tech Dominance

A Peek into The Graph’s First Arbitration Resulting in Slashing

Premium Blockchain Platforms On-Demand

Web3 Gated Communities