Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Gemini Exchange monitors trading activity in partnership with Nasdaq while the Philippines has begun experimenting with a blockchain economic zone.
Gemini Exchange will deploy Nasdaq's SMARTS market surveillance technology to monitor trading activity on the platform across BTC and ETH pairs. The agreement includes the auction process used to determine the settlement price of CBOE traded futures.
A Sequoia Capital unit has filed suit in Hong Kong against Binance founder Zhao Changpeng over an unsuccessful funding agreement. The talks began in August of last year and fell through when existing shareholders believed the offer undervalued the exchange. Contention arose over whether Binance violated an exclusivity agreement with Sequoia.
EIP 999 did not pass with 330 voting against and 300 in favour. The proposal suggested altering the WalletLibrary to a version that allows owners of the cointo monitor trading activitys access to their assets. The value of the locked assets amounted US$323 million as of writing.
The economic zone has aims of generating employment and will provide tax advantages to the operating companies. Miners, exchanges and initial coin offerings are being targeted contingent on an initial commitment of US$1 million over a two year period and licence fees of US$100,000.
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