Hong Kong exchange delists securities tokens

Gatecoin, a Hong Kong cryptocurrency exchange, is to delist tokens with security properties
10 October

Gatecoin, a Hong Kong cryptocurrency exchange, has announced the plans to delist all tokens that double as securities.

Thus, according to the company, the exchange is "currently awaiting the results of a regulatory compliance review by the legal advisors on the legal status of specific tokens" that the company have listed on the exchange. "The review will determine whether a token that we have listed fits the category of a security under the Hong Kong Securities and Futures Ordinance, and if so whether the token founders have taken steps to structure their token in accordance with the SFC’s framework", - Gatecoin team details. 

As reported, the tokens categorized as securities will be delisted from Gatecoin. Once the company has confirmed which of these tokens are to be delisted, clients will have one week to trade their tokens for Bitcoin (BTC) or Ether (ETH). After this period, both trading and deposits of that token will no longer be available through Gatecoin exchange.

Yet, Gatecoin will still be able to store the delisted tokens in the wallets on behalf of clients that maintain balances after trading and deposits have been disabled. Clients continuing to hold balances in these delisted tokens will be provided with a one-month period to withdraw these funds from their Gatecoin accounts.

Intel to Apply Blockchain Mining to Genetic Sequencing

Intel intends to utilize the energy expended during cryptocurrency mining for the sequencing of genetic data
15 December

Yesterday the U.S. Patent released a patent application called "Blockchain System with Nucleobase Sequencing as Proof of Work". In the application Intel’s inventors describe a type of computer called a sequence mining platform (SMP) which would identify the order or nucleobases in a deoxyribonucleic acid (DNA) or ribonucleic acid (RNA).

Nucleobases are the molecules that make up DNA and RNA, which contain the genetic information within every living organism on the planet. The order of these bases determines what physical traits a person, plant or animal features.

The patent application states that the SMP would use a nucleobase sequencing unit to actually establish the order of nucleobases in a given sample, which would then be verified by the blockchain before being permanently recorded on it.

The POW algorithm will be used to both identify the sequence and subsequently verify it, according to the application, and the sequence recorded on one block would be used as a base for the POW problems in the next block.