SEC-approved securities token offering seeks inclusion in Coinbase’s list

Shortly after sealing an approval from the U.S. Securities and Exchange Commission for its stock token offering, Singapore’s BitcoinHD (BHD) blockchain project is seeking a listing on the large Coinbase exchange.

On March 30, the SEC had approved BHD’s STO based on a blockchain under what is known as a Form D exemption.

Form D is a short registration form in which a company discloses essential information about its securities issue to prospective investors. The form is noticeably much shorter than the lengthy reports that are required for the sale of a non-exempt security to U.S. investors. Approved projects may only sell their securities to reputable investors.

JPMorgan began working with the Coinbase and Gemini cryptomoney exchanges

These are defined in the U.S. as individuals with a net worth of more than $1 million, or who consistently earn more than $200,000 per year in income, or as companies with more than $5 million in assets.

In its May 11 announcement, BHD claimed to be the first STO approved to seek inclusion in Coinbase.

What does BHD offer?

BHD is seeking to issue exempt securities in its blockchain-based cryptomoney, BHD, which uses a CpoC consensus and mining mechanism, or Conditional Capacity Test.

Coinbase ensures that Bitcoin is superior to gold
The consensus mechanism algorithms within the Bitcoin Code / Bitcoin Trader / Bitcoin Evolution / Immediate Edge / Bitcoin Era / The News Spy / Bitcoin Profit / Bitcoin Circuit / Bitcoin Revolution / Bitcoin Billionaire Test framework allow the nodes in the blockchain network to use the available hard disk space for their mining rights, rather than the computing power of their device.

BHD argues that the use of a hard disk as a consensus participant reduces power consumption and therefore lowers entry barriers to network members, which can lead to higher levels of decentralization.

It also argues that the CPoC consensus mechanism is ASIC-resistant, i.e. it does not confer advantages on mining equipment using application-specific IC chips, which are adapted to efficiently mine cryptosystems based on a specific hashing algorithm.

Coinbase emerges as a major competitor to DeFi with the launch of price oracle

As noted by BHD, Coinbase is evaluating the possibility of including new crypto assets in its list according to the terms of its Digital Assets Framework, which covers broad criteria such as security and code, compliance requirements, equipment review, scalability, market demand and governance.

While enjoying a strong reputation as one of the most prominent players in the centralized cryptoexchange space, Coinbase and Coinbase Pro, the professional trading platform, recently collapsed in the midst of a hectic day of pumping out Bitcoin (BTC) in late April.

Bahnbrechender BTC-ETH-Swap-Vorschlag des Ethereum-Gründers Vitalik Buterin

Der dezentrale Austausch bleibt trotz zahlreicher Projekte, die versuchen, ihn zum Mainstream zu machen, eine Utopie.

Die Tatsache, dass es keine Möglichkeit gibt, Bitcoin gegen Ethereum (und umgekehrt) zu tauschen, ohne sich auf Dritte zu verlassen, ist „peinlich“ für Ethereum-Gründer Vitalik Buterin, der kürzlich die Idee eines „vertrauenswürdigen“ und „serverlosen“ DEX verbreitet hat.

Er will den Austausch von BTC gegen die ETH ebenso einfach machen wie den Handel mit ERC-20-Token mit Hilfe des Uniswap-Protokolls.

Der Verkauf von Bitcoin

Warum dezentralisierte Austauschmaßnahmen schwierig sind

Ihr Vermögen einem Dritten anzuvertrauen, verstößt gegen das Ethos der Kryptographie. Zentralisierte Börsen wurden von Hacks, Manipulationsvorwürfen und regulatorischen Hürden geplagt. Dennoch stellt der Marktanteil von DEXs wie IDEX und EtherDelta kaum einen Rückgang dar.

Das Problem ist, dass DEXs eine Reihe von Mängeln haben, die den Reiz der Dezentralisierung überfordern. Mit extrem geringer Liquidität, keinem Kundensupport und einer sehr begrenzten Anzahl von Handelsoptionen sind diese Börsen zu langsam, unbequem und umständlich für die Händler.

Brücken bauen

Buterins Vorschlag geht weit über Bitcoin hinaus. Das kanadische Wunderkind will auch DEX-Brücken zwischen Ethereum und anderen Ökosystemen bauen.

Er hat bereits ein Gespräch darüber mit Zooko Wilcox, dem CEO Electric Coin Company (ECC), geführt, um einen Tausch zwischen Ether und Zcash durchzuführen. Jetzt will er den Weg gehen.