Crypto News: September 16, 2019 - September 22, 2019

1. Abra adds cash-to-crypto at 7/11s

Abra announced on September 18th, 2019, a new new partnership with ECPay allowing more ways for Abra users in the Philippines to conveniently add money to their Abra wallet through any of ECPAY’s 6,000 retail outlets across the Philippines, including all 7-Eleven stores.

Said partnership will make converting fiat currency to bitcoin and other cryptocurrencies a whole lot easier. Now from any 7-Eleven store in the Philippines anyone with an Abra wallet can convert cash to crypto in a few easy steps.

2. Square Crypto announces 3 new hires

Square Crypto, a division of fintech start-up Square founded by Jack Dorsey, focused exclusively on bitcoin development, recently announced the hiring of 3 additional team members: Arik Sosman, a Facebook and BitGo alum, Lightning Labs alum Valentine Wallace and Google alum Jeffrey Czyz.

According to Square Crypto: "This completes our inaugural developer team, as well as step 1 of our plan to grow the FOSS bitcoin developer base with gifted new contributors."

Next up will be deciding what Square Crypto's first project will be. If you have a good idea on which Square Crypto should focus, feel free to share this on their Twitter page here.

3. VanEck withdraws bitcoin ETF filing

VanEck has withdrawn its proposal for a bitcoin ETF, according to an SEC filing issued on 21 September 2019.

The VanEck bitcoin ETF proposal has been met with numerous delays by the SEC. Its latest bitcoin ETF proposal was headed for a final deadline of October 18th, 2019, which in all likelihood, would have been rejected.

The SEC has yet to approve any bitcoin ETF in the United States, and has so far either deferred making any decisions or outright rejected proposals over the past few years.

By withdrawing its proposal, VanEck hopes to be able to re-file their bitcoin ETF proposal at a later, more appropriate, point in time and, in effect, reset the clock of the entire approval process.


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