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New SEC Commissioner Supports Bitcoin ETF



Bitcoin ETF

The US Senate confirms a new addition to Securities and Exchange Commission — Elad Roisman, a known Republican lawyer. He is a Bitcoin ETF supporter.

Elad Roisman becomes the SEC commissioner

An important new development in Washington has seen the lawyer Elad Roisman join the US SEC, as confirmed by the Senate. This means that the SEC is once again at full strength, with the addition of the fifth member.

Elad Roisman has spent the last several years working on the Senate Banking Committee. During this period, he rose to a position of the chief counsel of the panel. Now, he will take his place on the US SEC, succeeding Michael Piwowar, after he decided to step down in July of this year.

The US SEC is a large agency. numbering over 4,600 individuals, and is mostly run by Jay Clayton, its chairman. Clayton was appointed by the US President Donald Trump. The SEC’s four commissioners are in charge of voting for any new regulations, and they are the ones who decide whether a new proposal gets approved or not. While they do not manage the staff of the SEC, they can negotiate regulations with the chairmen.

Roisman’s role

Ever since Clayton took over as a chairman, the SEC had only six months of being at full strength, with all four seats taken. This ended with the departure of Piwowar. Now, however, with Roisman joining the team, the SEC is at full strength once again. Additionally, Roisman will join when the need for the majority of commissioners to approve new rules and regulations.

Imposing new constraints on those stockbrokers dealing with investors in retail are one of the best examples of this. According to the proposal by SEC, brokers would have to act in a way that will benefit their clients. The Democratic commissioners were not exactly thrilled with this plan, and they did not try to hide that fact. This is why Clayton will likely need Roisman’s vote quite soon.

Additionally, Roisman might also assist in various deregulatory proposals that will allow firms to raise additional capital through stock and debt sale. Clayton’s goal seems to be to allow additional individual investors to private markets. At the same time, he would scale back the necessary requirements on smaller firms. He recently said so in front of an audience, calling for exempting small firms from the need to audit their inner control.

Finally, Roisman will be the newest commissioner that will join the SEC after previously working in the Senate. Another commissioner, Ms. Peirce, used to be a banking panel stagger. While working at the Senate, Roisman assisted at drafting a legislation that brought new financial regulations after the financial crisis 10 years ago.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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My Crypto Heroes Announces Issuance of MCH Governance Token



Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving



Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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