CoinShares Group Launched Two Flagship Funds

CoinShares Group, the group provider Bitcoin and Ether exchange traded notes has announced two new flagship crypto investment funds, Active and Large Cap Funds, on January 23
23 January 2018   490

CoinShares group is focused on delivering the most fit-for-purpose crypto investment vehicles to market, having the aim to continue the track record of ‘firsts’ and build structures which allow for yet un-tapped pools of investment capital to access the emerging market of crypto-assets.

On January 23 CoinShares announced two new flagship crypto investment funds.

  • Active Fund - a multi-coin, alpha-generating, active strategy
  • Large Cap Fund - a passive, large-cap, basket fund, which represents a natural evolution of market approaches based on the current trajectory of the crypto-asset economy

As a group, we have developed a deep expertise in bringing new, fit-for-purpose crypto-investment products to market; products which offer traditional investors proper, familiar channels to access the crypto-asset ecosystem. We are particularly excited for these two new funds as they represent the latest evolution of our expertise and are built on key learnings from the last three years of managing crypto-asset investments.

Daniel Masters
Chairman, CoinShares

Moreover, CoinShares Group announced the appointed representative relationship with Sapia Partners LLP, part of the Lawson Conner Group, stating that the crypto-finance community should seek more regulation, and the London office was a proper step in following that belief. 

Bank of China Filed a Patent to Scale Blockchain Systems

Bank of China has filed a patent application for a process able to scale blockchain systems  
23 February 2018   95

According to a document released by China's State Intellectual Property Office (SIPO) on February 23, the application was invented by Zhao Shuxiang and first submitted on September 28 last year.

The application states that instead of letting a new block store transactions from its previous one, a data compressing system could be used to pack transactions from multiple blocks into what the patent calls a "data block."

For example, when the system receives a request to compress transactions from block 1 to 1,000, it causes a new data block to be formed and temporarily hosted on a different storage system. Then, the system will run the packed data through a hash function with a hash value. After that, the compression system will attach labels in order to identify blocks on the blockchain.

With the use of the described method, the patent claims a reduction in the amount of the data stored in new blocks as transactions mount in a blockchain while ensuring that data from all previous transactions will still be tamper-proof and traceable.

At the moment, the patent in the review process.