Canada to Launch its First Blockchain ETF on Stock Exchange

Ontario Securities Commission approved Canada’s first blockchain Exchange Traded Fund provided by Harvest Portfolios Group
02 February 2018   3031

Harvest Portfolios Group Inc., founded in 2009 with the vision of providing Canadian investors with access to investment products that generate steady long term income, has reported on January 1 of 2018 that Ontario Securities Commission had approved its exchange traded fund managed with the blockchain technology.

Blockchain Technologies ETF (HBLK) will be Canada's first blockchain exchange traded fund. As it is reported by Harvest Portfolios Group, this ETF is designed to provide Canadian investors access to the developing blockchain technology sector. Moreover, HBLK will be listed on the Toronto Stock Exchange next week.

HBLK seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Harvest Blockchain Technologies Index. HBLK invests in equity securities of issuers exposed, directly or indirectly, to the development and implementation of blockchain and distributed ledger technologies.
 

Harvest Portfolios Group Statement

What is more, Harvest stated that it will act as promoter, trustee, manager and portfolio manager of HBLK and will be responsible for the administration of the Blockchain Technologies ETF.

Miners Arrested in 2 Chinese Cities For Power Theft

Six people were detained in Tianjin and two in Wuhan
25 April 2018   58

Bitcoin miners were arrested in two Chinese cities on charges of stealing electricity. This is reported by CoinDesk.

In the first case, 6 people were detained in Tianjin. The suspects used 600 devices for mining bitcoins that were connected to a local substation. The police claim that the connection was made bypassing the counters.

The investigation was initiated after one of the electric power companies discovered a discrepancy between the actual and claimed consumption of electricity.

The police seized all equipment for mining, as well as 8 powerful fans.

Events are taking place while China continues to play a dominant role in the mining of bitcoin, despite the pressure on the cryptocurrencies. As Xinhua notes, this case of electricity theft turned out to be the largest in recent years.

According to another report, which appeared today on the website of the Supreme Prosecutor of China, two more suspects were detained in Wuhan. They also stole electricity.

The detainees used empty stores since March 2017 to house miners and did not pay for electricity, as did the defendants from Tianjin.