Roundup – 01/02/2019 – NEM Foundation Bankrupt – Layoff & Community Funding? & more

NEM Foundation Bankrupt – Layoff & Community Funding?

According to, the NEM foundation is bankrupt and has to lay off a part of its staff (about 150 persons). The foundation has just gotten a newly elected president, Alex Tinsman, who has to deal with the mismanagement of the previous governance council. Tinsman proposes to the community to start a community funding round in order to rescue the foundation. However, the community funding needs approval of the 202 members of the foundation that pay an annual fee of $50. Tinsman stated that the goal of the funding round would be to collect 160 million XEM tokens ($7.5 million).

The US SEC Receives Cboe Application For Bitcoin ETF, Again

Cboe along with SolidX and VanEck have filed for a license to launch a Bitcoin ETF with the US Securities and Exchange Commission (SEC). This means that the US may still be set to get a Bitcoin ETF despite the dashing of hopes when the US SEC declined to grant the same license in many past instances. The announcement was made by the Digital Asset strategy leader of VanEc, Gabor Gurbacs.

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SWIFT Set To Adopt Blockchain-Based Transactions

The Society for Worldwide Interbank Financial Telecommunication (SWIFT)has entered into a partnership with R3. The deal will see the global banking network adopt Blockchain technology. SWIFT is aiming to shift its operations to Distributed Ledger Technology to keep up with the changing market needs. In the modern world, global commerce requires real-time solutions and Blockchain has proven to be the key to actualizing the idea.

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Binance Now Allows Clients to Buy Cryptocurrencies Using Credit Cards

Binance is one of the largest cryptocurrency exchange platforms in the world. In a bid to give existing and potential customers convenient ways of getting their hands on preferred digital currencies, the company has introduced a system that allows you to use your credit card to buy Bitcoin or any other cryptocurrency.

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