Market Analysis Report (10 Jul 2018)

Futures Exchange CBOE Files For Bitcoin ETF

Cboe, the world’s largest futures exchange, has filed for a Bitcoin ETF with the US Securities and Exchange Commission (SEC), to enable investors in the public market to trade Bitcoin. The official document filed by CBOE with the SEC emphasized that the Trust, referring to Cboe, will only invest in Bitcoin on behalf of investors.

“According to the Registration Statement, the Trust will invest in bitcoin only. The activities of the Trust are limited to: issuing Baskets in exchange for the cash and/or bitcoin deposited with the Cash Custodian or Trust, respectively, as consideration; purchasing bitcoin from various exchanges and in OTC transactions; delivering cash and/or bitcoin in exchange for Baskets surrendered for redemption; maintaining insurance coverage for the bitcoin held by the Trust; and securing the bitcoin held by the Trust.”

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Crypto Exchange Bancor Hacked, $12M in Ether Stolen

Decentralized exchange Bancor stated that a vulnerability on the platform was exploited to steal 24,984 ETH (approx $12 million), $1 million worth of NPXS and $10 million worth of BNT. In a tweet made yesterday, Bancor stated:

This morning (CEST) Bancor experienced a security breach. No user wallets were compromised. To complete the investigation, we have moved to maintenance and will be releasing a more detailed report shortly. We look forward to being back online as soon as possible.”

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Walmart Turns to Blockchain to Ease Package Delivery Woes

With delivery being one of the most challenging aspects of online retail, Walmart is looking to solve the puzzle one blockchain patent at a time. The company was awarded a patent detailing an invention focusing on the delivery of packages as well as scheduling the delivery of these packages. Titled “Delivery Reservation Apparatus and Method” the patent talks of delivery hubs (locker docking station) which use a public ledger to determine available capacity and make reservations.

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