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Cryptocurrency Daily Roundup - March.21

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Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

SEC's Review Of VanEck/SolidX Bitcoin ETF Attracts Mostly Negative Comments

The U. S. Securities and Exchange Commission's notice of the filing of proposed rule change to list and trade VanEck/SolidX Bitcoin exchange-traded fund or ETF has attracted mostly negative comments. On the SEC website's comments section, seven people responded so far, in which six strongly urge the SEC to reject the VanEck/SolidX bitcoin ETF proposal. The comments were filed between February 13 and March 12.

CoinMarketCap Launches Two Crypto Benchmark Indices

CoinMarketCap announced the launch of two comprehensive cryptocurrency benchmark indices on Nasdaq GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart. The indices will help users to quickly reference and track the general performance of the cryptocurrency market, it said. In addition, these indices will be prominently displayed on the CoinMarketCap website, which is considered the most-trafficked site in the cryptocurrency space.

Cryptopia Users Urged Not To Deposit, Withdraw

A New Zealand-based crypto trading company that was shut down following a major hacking is now open for trading again, but has advised its customers not to make withdrawals or deposits as it is risky. Cryptopia, based in Christchurch, had lost 9.4 percent of its total holdings after suffering a security breach in January. The company promises that it is rebuilding wallets on Cryptopia, and once that work is complete, new addresses will be issued.

Avnet To Accept Bitcoin Cash Payments

Electronic components and services provider Avnet (Nasdaq: AVT) has announced that it is now working with Bitpay to accept cryptocurrency payments for its products and services. Sunny Trinh, vice president of demand creation, Avnet. said the leading global technology solutions company will accept payments in Bitcoin (BTC) or Bitcoin Cash (BCH).

Ex NATO chief joins blockchain startup Concordium as strategic advisor

Former NATO chief Anders Fogh Rasmussen joined Switzerland-based blockchain identity startup Concordium as its strategic adviser. Anders is expected to play a pivotal role in the start-up company's global expansion plans to move into areas that require a blockchain solution for secure and private communications, as well as liaising with governmental departments that will benefit from its implementation.

Connecticut lawmakers seek to legalize Smart contract use in commerce

Lawmakers from the U.S. state of Connecticut have introduced a bill that calls for authorizing and legalizing the use of blockchain technology's smart contracts in commerce conducted in the state. The bill also says any record or contract and cryptographic signature that is generated and stored through distributed ledger technology shall be considered to be in an electronic form and to be an electronic record or signature.

Current Prices

As of this writing, Bitcoin is trading down 0.77 percent or $30.86 at $3955.83 on Coinbase. Ethereum is declining 2.45 percent or $3.37 at $134.

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