VHCEx newsflash (Mar 13)
Fidelity Digital Assets Custody is now live
On March 7th, Fidelity announced the operation of their Bitcoin Custody Service. At the moment, they are serving a select group of eligible
clients.
German Federal Ministry of Finance has published a paper focusing on treatment and regulation for blockchain-based securities
On March 7th, the document was released stating that the issuance of crypto tokens will not be subjected to existing market regulations since it does not represent securities. Nevertheless, ICO still need to be discussed further as it poses risk to investors.
Thailand Petroleum Co. to test commercial micro-grid with ETH-based platform
According to MicrogridKnowledge, Bangchak Corporation Public Co. Limited (BCP), a petroleum refinery is testing and demonstrating a commercial micro-grid and blockchain energy trading platform. The platform is called Green Community Energy Management System (GEMS) incorporates with an ETH-based platform. The project serves as an experiment for a micro-grid system which the company may deploy it on a commercial scale. However, the source hasn’t stated what this ETH-based platform is.
The world biggest blockchain-focused ETF will begin trading on the London Stock Exchange on Monday
According to the Financial Times, Invesco Elwood Global Blockchain ETF will start trading on London Stock Exchange on Monday. The ETF will invest in various pro-crypto companies such as Taiwan Semiconductor Manufacturing, the supplier of crypto mining chips and CME group.
Bitcoin miners are recovering their mining cost
According to DIAR, the gross margin of Bitcoin mining is gradually rising compared to that of December 2018 and January 2019. Additionally, DIAR also states that in December 2018, gross margin was pushed down from 94% to 32%. However, that percentage is seeing a gradual shift since January. At the moment, the BTC miner gross margin has reached 39% which is 7% higher compared to Jan. Nevertheless, as the hash rate is growing substantially, the current mining equipment can soon become obsolete.
ICON adds a token to support tokenized securities
ICON has released a special token specialized in developing and commercializing blockchain-based assets and tokenized securities. The token will focus on regulatory compliance, featuring 4 functions: check for token transfer, token control by the operator, document management and partition. On a side note, the progress of IRC token can be tracked in the STO section on their website.
Monero successfully hard-forked
On March, 9th, 2019, XMR underwent a scheduled hardfork. In this hard fork (CN4vfork), various improvements such as ASIC mining resistant, big bang attacks resistant and foolproof resistant have been implemented.
Enjoy your fee-free trading at VHCEx.
Thank you, your VHCEx team!
LSE is a huge step for the industry. Now, we're waiting for the Bitcoin ETF
according to the news it won't come out any time soon
I've been saying for a long time that the future stands behind the tokenization of securitities and bringing liquidity to them
VHCEx really needs to add more major cryptocurrencies for trading. Has it indeed become harder now with all those new blockchain protocols popping up
just run through this "new" German legislation and failed to grasp what's so new about it
Now is the perfect time to buy some mining rigs or online hash power