Hearing about the benefits of the blockchain organized by the US Congress

Wilshire-Phoenix publishes views on rejecting Bitcoin ETF. On February 26, the SEC rejected the Wilshire-Phoenix Bitcoin ETF proposal. This is the tenth application on this subject rejected by the US supervisory authority.

Wilshire-Phoenix expressed disappointment over the SEC’s decision, reiterating some of the comments made by Commissioner Hester Peirce.

They believe that the SEC did not pay full attention to the ETF, as Wilshire-Phoenix offered to provide key data and additional information to help facilitate ETF listing.

Both institutional and retail investors believe that an ETF is essential for mass adoption of Bitcoin. Wilshire-Phoenix claims that US financial markets desperately need an ETF or ETP to keep up with Europeans, which have already listed more such investment vehicles.

Another SEC Commissioner, Robert Jackson Jr., said that a Bitcoin ETF is inevitable, but it must meet the agency’s framework and guidelines. Wilshire-Phoenix believes they have complied with SEC guidelines and yet their proposal has been rejected.

Jack Dorsey could lose his position as CEO of Twitter

Bloomberg magazine reported that Jack Dorsey could step down as CEO of Twitter. Apparently, one of the company’s main shareholders, the investment fund Elliot Mangement Corp, wants to replace him.

So far, Elliot has nominated four directors on Twitter’s board of directors and three more positions will be released soon. Jack Dorsey has been criticized for his approach to managing the messaging platform. Investors are unhappy that the share price has declined 6.2% since 2015, when Dorsey became CEO. In the same period, the value of Facebook shares, for example, increased by 121%.

Dorsey is one of Bitcoin’s best-known lawyers and has been involved in estimating the adoption of cryptocurrency including through his other company, Square.

The US Congress organizes hearings on the benefits of blockchain for small businesses

The Financial Services Committee of the US House of Representatives will hold a hearing on the benefits of blockchain on March 4. The topics addressed will be the benefits that this technology can bring to entrepreneurs.

The hearing is focused on “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses.” Participants will look at how some startups use blockchain technology to boost productivity and increase security.

“Blockchain has many other uses, including tracking goods across global supply chains or enabling peer-to-peer transactions through connected devices,”

said the chairman of the committee Nydia M. Velazquez.

Several representatives of the business community will attend the hearing. These include Ownum CEO Shane McRann Bigelow, Popcom CEO Dawn Dickson, Protocol Labs General Counsel Marvin Ammori and Jim Harper of the American Enterprise Institute.

Former employee of the Digitex exchange publishes the personal data of 8000 users

The crypto derivative exchange Digitex has announced that a former employee has stolen private information from over 8,000 users. Digitex spokesman Christina Comben said it was not a hack, but a breach of internal security.

“The incident was orchestrated by a former employee with a conflict of interest against the company.”

The person in charge was not nominated, but apparently it hijacked Digitex’s Facebook account and posted the e-mail addresses and other confidential information of over 8,000 users.

Apparently, the breach of security took place in early February. At present, Digitex is evaluating the legal action option against the former employee. Affected users have been warned that they may be victims of phishing attempts, but no further action has been taken.