updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Observers disagree on whether or not the SEC adding comments on S-1 forms is a delay tactic, as spot Bitcoin ETF approval deadline approaches.
The United States Securities and Exchange Commission (SEC) has added more comments to pending S-1 forms submitted by ETF applicants as part of the approval process. These comments come as the industry expects approval of at least one spot Bitcoin ETF by the January 10 deadline. However, there is a spreading worry that the additional comments might indicate a delay in ETF approval.
Perianne Boring, the President and Founder of blockchain trade association, The Chamber of Digital Commerce, announced the additional comments in an X post. According to Perianne, the addition is a delay signal. However, Bloomberg ETF analyst James Seyffart disagrees. In a response, Seyffart states that the additional comments are not “necessarily a delay signal”. According to him, it might indicate that the SEC is more willing than not. Seyffart wrote:
“Really this just shows how quickly the SEC is turning these things around. Borderline unheard of to send over a document to the SEC in the morning and get comments back the same day (I think). If they wanted to delay – the issuers wouldn’t have gotten comments back tonight.”
Agreeing with Seyffart, Van Buren Capital General Partner Scott Johnsson noted that the SEC typically would not send back comments on the same day of submission. After using Hashdex’s futures ETFs as an example, Johnsson also suggested the SEC is ready, stating that S-1s may not affect the status of 19b-4s:
“And to remind everyone, S-1S do not need to be complete when 19b-4s are approved. Take futures ETFs in 2022. Hashdex didn’t even get initial comments until after its 19b-4 was approved. More than anything, these quick comments demonstrate SEC working to push everything forward for a quick approval and launch (vs what we saw with futures).”
While Seyffart and Johnsson believe the SEC’s additional comments are not exactly delays, Fox Business journalist and producer Eleanor Terrett seems to disagree. In a post, Terrett explains that each person in the 5-member commission can request a review and full commission vote based on their discretion. This could happen “even if the matter has already been signed and approved via delegated authority.
Terett was responding to Mercury Strategies partner Anne Kelley, who pointed out that this delay is possible under 17 C.F.R. Section 201.431, a part of the Code of Federal Regulations pertaining to the SEC.
Barring any possible delays, the SEC has a January 10 deadline to decide on approving or rejecting the proposal from ARK/21Shares. Subsequent approvals or rejections are to follow for other applicants, including BlackRock, VanEck, WisdomTree, Invesco, and others.
Bitcoin is already rising this year, with more than 11% in year-to-date (YTD) gains. Trading at $46,592 according to data from CoinMarketCap, Bitcoin climbed 14% over the last month, and more than 70% in three months.
More than 2,200 nominations have been submitted for Awards and Speakers so far.
Tickets: https://t.co/6LAQj5EdlH
Award Nominations: https://t.co/Gyt8Dy5I45#Blockchain #CardanoSummit2022 #Cardano #CardanoCommunity #BuildingOnCardano https://t.co/2FYdeQPjlw— Cardano Community (@Cardano) October 5, 2022
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Cardano Blockchain developer Input Output Hong Kong (IOHK) has submitted an updated proposal to hard fork the Cardano testnet, kicking off the countdown for the network’s Vasil mainnet upgrade.
The Vasil upgrade is slated to bring “significant performance and capability upgrades” to the blockchain, with IOHK describing the fork as the “biggest and best upgrade to date,” providing higher throughput, improved script performance for developers and lower costs.
One of the most significant updates pointed out by the team is the implementation of diffusion pipelining aimed at improving the blockchains’ scalability for decentralized applications (DApps).
The update will allow faster block creation as they can be transmitted without full validation.
If everything goes smoothly, the upgrade to the testnet will take place July 3, with the mainnet upgrade scheduled for roughly around the end of July. The Cardano community requested four weeks minimum to allow time to test and upgrade applications on the testnet. IOHK says the hard fork for the mainnet will take place “once everyone is comfortable and ready.”
The Cardano mainnet upgrade was previously supposed to take place on Wednesday but was delayed by a month on June 22, citing several outstanding bugs. IOHK has called the project the “most complex program of work we’ve undertaken.”
IOHK’s “prime concern” is ensuring the upgrade is managed in a “safe and secure” manner. It reports the Vasil node is creating over 75% of the testnet network’s blocks and believes there is “good chain density to proceed safely.”
The last significant upgrade to the blockchain was in September 2021 with the Alonzo hard fork, which brought in long-awaited smart contract functionality for the first time using Plutus scripts, a smart contract development language purpose-built for Cardano
The upgrade was widely considered to be a disappointment, as Cardano still only has 11 DApps, according to DefiLlama. The co-founder of Cardano, Charles Hoskinson, previously predicted there would be “thousands of DApps” on Cardano by 2021 and believes developers are waiting for the Vasil upgrade to launch their projects.
The Vasil node is named in honor of Vasil Stoyanov Dabov, an artist and Cardano community member and ambassador who passed away in December 2021 after a diagnosis of pulmonary embolism.
Related: Can Cardano’s July hard fork prevent ADA price from plunging 60%?
Cardano is a proof-of-stake (PoS) blockchain and is touted as a so-called “Ethereum Killer,” which aims to beat Ethereum by providing better scalability, transactions per second and lower fees.
Currently, its native coin Cardano (ADA) sits in the eighth position with a $15.7 billion market capitalization at a price of around $0.45, down 85% from its all-time high of over $3.00 in September 2021, according to data from CoinGecko.