SolidX NYSE Bitcoin Shares Disapproved by SEC

Blockchain DLT, Cryptocurrency

NYSE Arca Inc Request to the SEC for trading of SolidX Bitcoin Shares SEC File No. SR-NYSEArca-2016-101 SolidX Bitcoin Trust Shares Disapproved Note: No further filings or extensions of time for this proposal were found in the SEC database or the Federal Register within the time limits imposed by the SEC Rules of Practice. The proposal was therefore abandoned. SolidX Bitcoin products next appear in SEC filings by Cboe BZX Exchange Inc., on June 26, 2018. See the post re file SR-CboeBZX-2018-040, VanEck... Read More

Blockchain – the basic definition and function

Blockchain DLT, Smart Contract

WHAT IS BLOCKCHAIN? This article is provided by Action Cyber Times to give the reader a basic understanding of the blockchain distributed ledger technology. Definition: A computer generated “blockchain” is a term used to describe a data set comprising data transactions grouped into individual timestamped data ‘blocks’, mathematically linking these 'blocks' seriatim to form an unbroken set of data blocks, and then encoding the set of data blocks cryptographically for integrity and security, producing in computer speak, a “blockchain”. The concept is... Read More

SMART CONTRACT on a blockchain – a basic explanation

Blockchain DLT, Smart Contract

What is a blockchain 'SMART CONTRACT'? Action Cyber Times™ simple definition: A blockchain ‘smart contract’ is computer code, or 'depcode', that is dependent upon the original distributed ledger blockchain code protocol to activate its instructions autonomously and thereby perform some additional function required by the original blockchain programming. Basics of a Smart Contract The blockchain and smart contracts have been previously reviewed. To start, not only is use of the term ‘smart contract’ confusing in this business context with the blockchain... Read More

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