[BHEX Founder & CEO James JU: AWS Incident is an alarm for the industry, and the security and stability of the exchange system is crucial]Today, due to problems with Amazon's Amazon Web Services (AWS) caching system, many exchange tradings have abnormal transactions and D/W issues. During the accident, the withdrawal of BHEX platform was affected accordingly. However, the system automatically completes the emergency plan switch at the minute level and immediately restores the normal service.
In response to this incident, BHEX founder and CEO James JU pointed out that "for the financial system, usability is a very core technical indicator. The digital currency industry is still in the early stages of development, and the technical structure of many exchanges is relatively primitive and cannot withstand accidents.
At the beginning of the development of BHEX trading platform, we set a goal: the entire system to achieve 99.99% high availability. The underlying architecture of the BHEX exchange takes into account extremes and introduces high-availability support in infrastructure such as persistence, caching services, and name services to cope with unexpected situations like today.
As the industry accelerates, it is believed that more users will realize the importance of a secure and stable exchange system. BHEX has provided technical service to more than 70+ exchange trading platforms including BHEX exchange itself as well.
[US Treasury has sanctioned three Chinese nationals and their cryptocurrency addresses]The U.S. Treasury Department’s Office of Foreign Assets Control(OFAC) has put bitcoin and litecoin addresses of three Chinese nationals on its blacklist, according to a report by Coindesk on August 21. It’s reported that they violated money laundering and drug smuggling laws. OFAC has frozen their property in U.S., listed a number of email addresses and passport information, and blacklisted a number of bitcoin addresses and one litecoin address.
[Bitcoin miners stop operations because of mudslides in China]Bitcoin miners stop operations in some areas of China’s Sichuan province because of mudslides caused by heavy rainstorm. The mudslides cut off power and communications in the townships of Sanjiang, Shuimo and Yinxing and seven people were killed, according to a report by China Daily on August 21. Some mining facilities in Wenchuan county have been destroyed and covered by mud.
[Austrian mobile provider giant to accept cryptocurrency]A1, one of the largest mobile providers in Austria, plans to accept cryptocurrency for payment at some store locations, according to a report by Coindesk on August 21. It’s reported that dash, ethereum, litecoin, stellar and ripple will be available for payment.
[Kraken OTC trading volume has increased 2000% since 2108]Nelson Minier, head of over-the-counter(OTC) trading at cryptocurrency platform Kraken, said that the trading volume of OTC desk has seen an increase by a factor of 20 since 2018, Cointelegraph reported on August 20. He also noted that BTC, ETH, BCH, XMR, and USDT were the top 5 cryptocurrencies traded by volume.
[LSE-listed crypto mining firm to increase electricity supply by 357%]Argo Blockchain, the London Stock Exchange(LSE)-listed cryptocurrency mining firm, will increase its electricity supply by 357%, according to a report by TheBlock on August 20. Argo has signed a three-year deal with GPU.one to increase its access to clean power supply and its total bitcoin mining capacity will increase to 1.36 EH.
[New York State Supreme Court rules that NYAG has jurisdiction over Bitfinex]The New York State Supreme Court has ruled that the New York Office of the Attorney General(NYAG) has jurisdiction over cryptocurrency exchange Bitfinex, according to a court filing on August 19. NYAG can continue its investigation of Bitfinex over allegations of fraud and misleading investors.
[Circle CEO: People move capital into the area where they can control it]Jeremy Allaire, CEO of Circle, expressed his optimism for bitcoin as a safe haven for investors during the CNBC’s Squawk Box on August 19. He said:”A non-sovereign digital asset like bitcoin is attractive to people who are interested in moving capital into a place where they can control it themselves. That underscores a lot of interest that’s been there over time. It’s the digital gold thesis, and I think a lot of both institutional accumulators of bitcoin, individuals, very specifically individuals in jurisdictions or environments where the intense concern about capital controls are there.”
[Real estate firm to accept bitcoin payment]Grove Resort & Water Park, a luxury condominium complex in Orlando, Florida, has cooperated with BitPay to accept bitcoin payment for real estate transactions, Coindesk reported on August 19. According to the report, the company acts as a payment processor for home buyers with about $1 billion in yearly business and is in line to double its real estate business year over year.
[BHEX has completed the BHT second burnt of 235,000 tokens for VOL 50% subscription campaign]According to BHEX official announcement, BHEX platform token BHT has completed the second burnt for VOL 50% subscription campaign on 19 August 2019. The number of tokens burnt was 235,000 BHT. For all 50% subscription campaign, all participated BHT will be burnt until to 50% of the total issuance. BHEX has announced the “BHT Buyback-to-Burn Incentive Mechanism” on 21 July and will use 80% of its quartely revenue for BHT's buyback-to-burn.
BHT Burning Record:
[BHEX & Volume Network Co-campaign of 50% Discount to Grab 500,000 VOL Has Completed. The highest Lucky Winner shared 6063.8289 VOL]BHEX has successfully held a 50% discount to grab 500,000 VOL campaign from 2 pm to 3 pm on 16 August(UTC+8). The total amount of BHT purchases reached 2,080,500 BHT and the oversubscription reached more than 4 times. At the end of the campaign, the equivalent to 500,000 VOL is 235,000 BHT, all exchanged BHT will be burned accordingly. There are 50 lucky winners and the highest lucky winner can purchase with a full subscription of 6063.8289 VOL.
VOL will be listed on BHEX Exchange at 7 pm, 16 August(UTC+8) and opens VOL/BTC, VOL/USDT trading pair at the same time.
[Cardano to release version 1.6]Cardano founder Charles Hoskinson announced that Cardano will release version 1.6 in a few days, according to a tweet posted by Hoskinson on August 14. He also asked users to send screenshots of the new Daedalus, which is an open source cryptocurrency wallet.
[Samsung incorporates bitcoin functionality to its blockchain phones]Samsung, the South Korean tech giant, has added bitcoin functionality to its blockchain smartphones, CoinDesk reported on August 14. According to the report, Samsung has included bitcoin features to the developer kit(SDK) for several S10 modes and Note10+ devices. The SDK allows Android devices to link blockchain addresses to the Blockchain Keystore, sign transactions and check status, but these features are currently only available in Canada, Germany, South Korea, Spain, Switzerland, the U.S. and U.K.
[Dallas Mavericks are the second NBA team to accept bitcoin]The Dallas Mavericks will accept bitcoin as a method of match tickets purchase, according to a tweet by cryptocurrency payment processor BitPay published on August 13. Dallas Mavericks are the second NBA team to accept bitcoin, with the first being Sacramento Kings.
[Barclays is no longer cooperating with Coinbase]Barclays, the London-based global bank, is no longer cooperating with cryptocurrency exchange Coinbase, CoinDesk reported on August 14. According to the report, Coinbase found ClearBank in U.K. as a replacement and Coinbase’s Faster Payments Scheme(FPS) which enables users to instantly withdraw and deposit British pounds at the exchange will be restored at the end of the third quarter.
[BHEX Cooperates Volume Network to Launch 50% discount to Grab VOL & 30-day Lockup with Annualized 100% Return Campaigns]According to official news, BHEX and Volume Network (VOL) will launch a BHT to subscribe 50% discount for 330,000 VOL campaign from 2pm-3pm on 16 August (UTC+8), and 50 lucky winners will be selected with a full subscription. After the campaign, all successfully participated BHT will be burnt.
In addition, BHEX to launch 30-Day lockup with 100% annualized return campaign at 7 pm, 16 August (UTC+8). All VOL holders can lockup for 30 days to enjoy 100% annualized rate of return.
Volume Network is founded by Lucien Chen, the Former Co-Founder and CTO of TRON.network, together with the top decentralized storage project Lambda which dedicates to build a cryptocurrency with large-scale commercial applications. VOL use PoST consensus mechanism, which adds time parameter to the original proof of space mechanism. Miners must do some calculation with Verifiable Delay Functions(VDF). And combine the verified calculation result and candidate block these two factors to choose the final block producer. Therefore, PoST alleviates the PoC mechanism‘s loopholes, such as selfish dig, rewrite attack and other security problems.
[SEC postpones decisions on 3 bitcoin ETF proposals]The U.S. Securities and Exchange Commission (SEC) postponed making decisions on three bitcoin exchange-traded fund (ETF) proposals by asset managers Bitwise Asset Management, VanEck/SolidX and Wilshire Phoenix, Coindesk reported on August 12. According to the report, final decisions on the Bitwise and VanEck/SolidX proposals are expected to be released by Oct. 13 and Oct. 1, and the decision on the Wilshire Phoenix proposal is to be public by Sept. 29.
[New Zealand workers to be paid in bitcoin]New Zealand is now making it legal for workers to get paid in bitcoin, according to a report by LiveBitcoinnews on August 12. New Zealand is purportedly making it mandatory for all people who receive paychecks in bitcoin to immediately convert the funds into fiat through a government exchange platform. The aim of this act is to prevent speculative purposes.
[BHEX has completed the BHT first burnt of 4.628 million tokens for HT 50% subscription campaign]According to BHEX official announcement, BHEX platform token BHT has completed the first burnt for HT 50% subscription campaign on 12 August 2019. The number of tokens burnt was 4,628,724.18 BHT. BHEX has announced the “BHT Buyback-to-Burn Incentive Mechanism” on 21 July and will use 80% of its revenue for BHT's buyback-to-burn. For all 50% subscription campaign, all participated BHT will be burnt until to 50% of the total issuance.
[China's Central Bank to launch digital currency]Mu Changchun, the deputy director of People's Bank of China(PBoC), claimed that PBoC's digital currency will be ready, according to his announcement at the China Finance 40 Forum. Mu said that the digital currency is going to adopt a two-tier operating system to be in accordance with the nation's complex economy, while it will still remain decentralization which is the natural property of cryptocurrency. Mu also noted that PBoC's digital currency would be a substitute for M0, but not M2 which includes bank deposits.