VHCEx Newsflash

Bitcoin was close to setting the new record for the longest $100-range flat since June 2018. For good 6 days, the price didn't drop lower or increase higher than $3500-3600, but then, the Bloody Monday befell upon us. Hopefully, VHCEx traders were able to fix their funds before this happened.

Andreas Antonopoulos: Bitcoin is something you Build Economies on Top of, Not Companies

Recently, in the latest Let’s Talk Bitcoin Podcast, Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan, and Adam B. Levine discussed “Code is Law vs. Political decision-making”. Talking about the Bitcoin blockchain and its development, Bitcoin advocate Antonopoulos said:"The reason Bitcoin is, and has been, and continues to be conservatively developed is because its area of specialization is super robust, super secure, super deterministic, sound money, and operating in highly adversarial environments where you can’t expect the goodwill and cooperation of anyone.”

He continues: "Bitcoin is not something you build companies on top of. Bitcoin is something you build economies on top of.”

Bitcoin is not created for companies but the whole world. With Bitcoin, we can decentralise the banking system, the government and can help people sending money seamlessly.

You can now store data on blockchain using BSV

Recently, BSV is developing data storage service allowing user to upload their data including image, IP, documents, etc to their blockchain. With the upcoming implementation, you might want to take a peek at BSV before too late. We wonder who is going to monetize most onit in the future? It's about time to dethrone the omnipresent Google.

New Hampshire is planning to legalize Bitcoin payment

On January 5th, New Hampshire released a draft for the upcoming bills to legalize Bitcoin payment. The introduction states: “This bill requires the state treasurer to develop an implementation plan for the state to accept cryptocurrencies as payment for taxes and fees and allows state agencies to accept payment in cryptocurrencies after July 1, 2020.” Additionally, the Executive Departments and Administration was appointed to examine and will have to submit a decision on March, 14th.

Switzerland and Liechtenstein’s Crypto Valley saw a 20% growth in the number of companies

According to the report by Crypto Valley Venture Capital (CVVC), the market valuation of various companies have seen a massive drop due to the “crypto winter”. However, the total number of blockchain companies haven’t stopped. In Q4 2018, CVVC reported a 20% growth of the total number of companies, from 629 to 750. Additionally, the report also points out the number of blockchain companies operating in Swiss: 42 in Geneva, 39 in Ticino and 38 in Liechtenstein. However, there are no records of blockchain companies in Appenzell, Innerrhoden, Glarus, Jura, and Obwalden.

Enjoy your fee-free trading on VHCEx.
Thank you, your VHCEx team.