Fusang to Launch Custody Service for Cryptocurrency

Fusang Investment Office specializes in capital management
23 July 2018   652

The Fusang Investment Office, based in Asia, will launch a custody platform for cryptocurrency. It is reported by South China Morning Post.

In addition to asset storage services, a service called Fusang Vault will also conduct an audit of the digital capital of customers.

CEO Henry Chong compared Fusang Vault with custody services of banks in traditional markets. According to him, the company already cooperates with insurance companies to ensure the security of digital assets.

The launch of the new service is scheduled for October-December 2018.

Fusang Investment Office specializes in capital management, as well as has a license from the Securities and Exchange Commission of Hong Kong and is registered with the Monetary Authority of Singapore.

Bitcoin Cash Hardfork Implemented

Hardfork of a hardfork... just don't get confused in this crazy world of cryptocurrency
16 November 2018   81

Today, on November 15, a hardfork was implemented in the Bitcoin Cash (BCH) network. The first block in the Bitcoin ABC blockchain has mined a pool of Bitcoin.com.

The last “common block” was # 556,766, mined by SVPool. on which the protocol update was activated.

Bitcoin SV got its first block. Now we can definitely talk about the division of Bitcoin Cash into two competing blockchains. Roger Ver, right before the hardfork, said that his pool had sent a significant amount of power to mining Bitcoin ABC.

Bitfinex exchange announced the transfer of BAB and BSV coins to the accounts of BCH holders.

Poloniex converted all BCH balances into assets BCHABC and BCHSV. At the same time, the BCH market became unavailable. Instead, the BCHABC / BTC, BCHSV / BTC, BCHABC / USDC and BCHSV / USDC trading pairs appeared. I / O of BCHABC and BCHSV is not yet available, but will open when the network stabilizes.