English
Back
Open Account
拜登萬億基建法案將迎眾議院表決
OSL Group
joined discussion ·

OSL/BC Technology Group (863 HK) Monthly Investor Report - August

Dear investors, As summer comes to an end, BC Tech Group and OSL have performed well over the past month. The Group released interim results. The digital asset business revenue growth was strong, and the DBS Digital Asset Exchange trading time was extended to 7x24 hours a day. Other notable digital asset market news include Bitcoin reaching another $50,000; the Singapore Monetary Authority announced the first issuance of two cryptocurrency licenses in principle (first granted to the Australian Independent Reserve Exchange and the second to DBS Vigao Securities Broker); Ethereum's successful hard fork; the US Congress passed the taxation of digital assets into its widely acclaimed infrastructure bill; and two major hacking incidents, with a total of around $700 million stolen. On August 17, BC Technology Group announced its interim results, with a 54% year-on-year increase in total revenue. The Group's OSL digital asset platform business was driven by strong semi-annual growth, with significant increases in all four major business segments, and the total trading volume of the platform increased 70% year over year. The number of active customers on the OSL digital asset platform increased by 1,261% compared to the same period last year, and the number of certified customers increased by 1,128%. The OSL SaaS business segment is OSL's growth focus for the next few years, with significant progress in the first half of 2021. SaaS transaction volume increased by 3029% year over year to HK$4.9 billion; SaaS revenue increased 32% year over year. book...
Dear investors:
As summer comes to an end, BC Tech Group and OSL have performed well over the past month.The Group announced interim results. The digital asset business revenue growth was strong, and the DBS Digital Asset Exchange trading time was extended to 7x24 hours a day.
Other notable digital asset market news include Bitcoin reaching another $50,000; the Singapore Monetary Authority announced the first issuance of two cryptocurrency licenses in principle (first granted to the Australian Independent Reserve Exchange and the second to DBS Vigao Securities Broker); Ethereum's successful hard fork; the US Congress passed the taxation of digital assets into its widely acclaimed infrastructure bill; and two major hacking incidents, with a total of around $700 million stolen.
On August 17, BC Technology Group announced its interim results, with a 54% year-on-year increase in total revenue.The Group's OSL digital asset platform business was driven by strong semi-annual growth, with significant increases in all four major business segments, and the total trading volume of the platform increased 70% year over year. The number of active customers on the OSL digital asset platform increased by 1,261% compared to the same period last year, and the number of certified customers increased by 1,128%.
The OSL SaaS business segment is OSL's growth focus for the next few years, with significant progress in the first half of 2021.SaaS transaction volume increased by 3029% year over year to HK$4.9 billion; SaaS revenue increased 32% year over year.
Earlier this month,China Tonghai Securities covered BC Technology Group for the first time, with an initial rating of “buy”.For more information on BC Technology Group's securities analysis coverage, please visit the Group Investor Relations websitebc.groupCheck it out.
This month, the digital asset market also experienced price fluctuations. On August 22, the price of Bitcoin hit $50,000 — a new high in the past three months, and continued to rise steadily compared to the low price of less than $30,000 in June and July.
At the same time, the much-anticipated “London” hard fork on the Ethereum blockchain was successfully implemented, reducing miner fees (i.e. gas) and reallocating miner revenue to existing token holders, effectively reducing supply. This change is in preparation for Ethereum 2.0, which has been discussed for a long time but has not yet been implemented, and theoretically shifts the Ethereum ecosystem from a proof of workload mechanism to a more equal proof of equity mechanism.
The market responded positively to this fork. The price of altcoins led by Ethereum soared, the price of Ethereum rose and remained at the level of 3,200 US dollars, and the total market value of digital assets exceeded 2 trillion US dollars this month.
Dear investors, As summer comes to an end, BC Tech Group and OSL have performed well over the past month. The Group released interim results. The digital asset business revenue growth was strong, and the DBS Digital Asset Exchange trading time was extended to 7x24 hours a day. Other notable digital asset market news include Bitcoin reaching another $50,000; the Singapore Monetary Authority announced the first issuance of two cryptocurrency licenses in principle (first granted to the Australian Independent Reserve Exchange and the second to DBS Vigao Securities Broker); Ethereum's successful hard fork; the US Congress passed the taxation of digital assets into its widely acclaimed infrastructure bill; and two major hacking incidents, with a total of around $700 million stolen. On August 17, BC Technology Group announced its interim results, with a 54% year-on-year increase in total revenue. The Group's OSL digital asset platform business was driven by strong semi-annual growth, with significant increases in all four major business segments, and the total trading volume of the platform increased 70% year over year. The number of active customers on the OSL digital asset platform increased by 1,261% compared to the same period last year, and the number of certified customers increased by 1,128%. The OSL SaaS business segment is OSL's growth focus for the next few years, with significant progress in the first half of 2021. SaaS transaction volume increased by 3029% year over year to HK$4.9 billion; SaaS revenue increased 32% year over year. book...
Dear investors, As summer comes to an end, BC Tech Group and OSL have performed well over the past month. The Group released interim results. The digital asset business revenue growth was strong, and the DBS Digital Asset Exchange trading time was extended to 7x24 hours a day. Other notable digital asset market news include Bitcoin reaching another $50,000; the Singapore Monetary Authority announced the first issuance of two cryptocurrency licenses in principle (first granted to the Australian Independent Reserve Exchange and the second to DBS Vigao Securities Broker); Ethereum's successful hard fork; the US Congress passed the taxation of digital assets into its widely acclaimed infrastructure bill; and two major hacking incidents, with a total of around $700 million stolen. On August 17, BC Technology Group announced its interim results, with a 54% year-on-year increase in total revenue. The Group's OSL digital asset platform business was driven by strong semi-annual growth, with significant increases in all four major business segments, and the total trading volume of the platform increased 70% year over year. The number of active customers on the OSL digital asset platform increased by 1,261% compared to the same period last year, and the number of certified customers increased by 1,128%. The OSL SaaS business segment is OSL's growth focus for the next few years, with significant progress in the first half of 2021. SaaS transaction volume increased by 3029% year over year to HK$4.9 billion; SaaS revenue increased 32% year over year. book...
Bitcoin and Ethereum price trends in August 2021 ((Source: CoinGecko)
At the same time, the biggest hacking incident in the history of digital assets also occurred this month. On August 10, nearly $610 million was stolen from the decentralized peer-to-peer platform Poly Network, and the hacker, who can be described as an honest man, strangely returned most of the money to its original owner two days later. In its cryptic and liberal online statement, the hacker said, “I can expose my weaknesses and take responsibility for them... I understand that even if you don't do anything bad, there's a risk of revealing your identity... I prefer to stay in the dark and save the world.” Poly apparently agreed with the hacker, saying it would not prosecute the hacker, reward the hacker $500,000 for finding system bugs, and provide the hacker with the job of the exchange's chief security advisor.
About two weeks later, Japan's Liquid exchange was also hacked, and $90 million was stolen. The initiator of the case was clearly not as selfless as the Poly hacker, and has yet to return the money.
This was a turning point in the history of digital assets. Regulators are issuing licenses, and more comprehensive regulatory frameworks are taking shape in major markets. At the same time, digital asset prices have repeatedly reached new highs. All of the above factors prove the firm belief of OSL and BC Technology Group — global regulation is imperative, and the mainstream financial industry accepts digital assets as an asset class.
Company news
BC Technology Group and OSL published the following unique insights and management analysis in the August media and market review:
- August 4thOSL CEO Wayne Trench attends CNBC livestream to discuss the impact of the US government's intention to tax digital assets。
- August 5th,Singapore Straits Times quoted Wayne as speaking to discuss OSL's growing number of certified users。
- On August 18, the Financial TimesDiscuss Hong Kong's digital asset industryMention OSL.
- August 19,OSL Americas Director Fernando Martinez was interviewed by Mexican Milenio(Spanish video interview)
- On August 12th, OSL Managing Director Kanny Lee attended the Horangi Cyber Security webinar on the topic “”Impact of the Singapore Monetary Authority's new public cloud service guidelines”
- On August 12, Matt Long, Head of Sales and Main Broker of OSL, participated in the event called “”Asia Forum: Panel Session | Getting Started with Cryptocurrency - From Attracting Investments to Establishing Your Fund”, hosted by HFM Global Cryptocurrency Forum.
- On August 12, Fernando Martinez, OSL Managing Director and Head of the Americas, participated in the event called “”US Forum: Panel Session | Understanding Trading and Settlement Risks”, hosted by HFM Global Cryptocurrency Forum.
- On August 18, Forkast News reported BC Technology Group's interim results。
- August 19, Andrew Loong, head of OSL securities token architecture, at the Hong Kong Securities and Futures Workers' Union (HKSFE)Introducing security tokens。
- On August 24, BC Technology Group Executive Director Diao Jiajun participatedAIMA Asia Pacific FMB Webinar: Key Considerations for Establishing a Cryptocurrency Fund
- On August 24, Ma Xingyan, general counsel of BC Technology Group, attended an online seminar at Simmons Law Firm. The theme was”Game Changers: Discussing with DBS Bank, Independent Reserve, and OSL”
- On August 24 and 25, OSL hostedDigital Asset Investment Webinar
OSL Trading Vice President Jiang Lingling and OSL Sales Manager Zhao Hong gave a Mandarin seminar
OSL Trading Vice President Li Sijin and OSL Sales Vice President Wei Baihui gave a Cantonese seminar
Dear investors, As summer comes to an end, BC Tech Group and OSL have performed well over the past month. The Group released interim results. The digital asset business revenue growth was strong, and the DBS Digital Asset Exchange trading time was extended to 7x24 hours a day. Other notable digital asset market news include Bitcoin reaching another $50,000; the Singapore Monetary Authority announced the first issuance of two cryptocurrency licenses in principle (first granted to the Australian Independent Reserve Exchange and the second to DBS Vigao Securities Broker); Ethereum's successful hard fork; the US Congress passed the taxation of digital assets into its widely acclaimed infrastructure bill; and two major hacking incidents, with a total of around $700 million stolen. On August 17, BC Technology Group announced its interim results, with a 54% year-on-year increase in total revenue. The Group's OSL digital asset platform business was driven by strong semi-annual growth, with significant increases in all four major business segments, and the total trading volume of the platform increased 70% year over year. The number of active customers on the OSL digital asset platform increased by 1,261% compared to the same period last year, and the number of certified customers increased by 1,128%. The OSL SaaS business segment is OSL's growth focus for the next few years, with significant progress in the first half of 2021. SaaS transaction volume increased by 3029% year over year to HK$4.9 billion; SaaS revenue increased 32% year over year. book...
 
Other developments in the digital asset market
According to a research report released by KPMG on August 12, investment into the digital asset industry reached US$8.7 billion in the first half of 2021, driven by growing institutional investment and industry maturity. According to the report, since the beginning of the year, the total investment has exceeded twice the total investment amount in 2020.
In the Asia Pacific region, Tencent and Alibaba have all announced the launch of an NFT trading platform. Binance removed derivatives trading services in Hong Kong, apparently to comply with Hong Kong Securities Regulatory Commission regulations. Additionally, the Bank for International Settlements Innovation Center and the Hong Kong Monetary Authority announced that they will work with Allinfra to explore how to tokenize green bonds to improve sustainable investment (the Group invests in Allinfra in the first half of this year).
On the US side, Coinbase announced that it will invest up to 500 million US dollars to buy digital assets, once again making headlines, adding that 10% of its quarterly net revenue will be invested in digital assets, determined by the total amount held by custodian customers.
BitMEX agreed to pay $100 million to resolve allegations from US regulators. Brian Brooks, a well-known figure from a regulatory agency, has abruptly resigned as Binance's US CEO.
BlackRock, a world-class institutional investor and ETF pioneer, announced this month that the company holds nearly $400 million worth of shares in a Bitcoin mining company, which became a topic of conversation. Global investment company Fidelity was also discovered to hold nearly $20 million worth of shares in a Bitcoin mining company.
Despite the severe global macroeconomic situation and slower than expected recovery from the COVID-19 pandemic, growth and investment in the digital asset industry continues to accelerate.
Global growth can be expected in the future, particularly in the US, Europe, and the Asia-Pacific region. Innovation continues to push people to accept digital assets and promote regulatory entry. Regulators must also actively innovate, otherwise they may lose regulatory authority and be unable to control a critical part of the financial services ecosystem.
Thank you for your continued support. If you would like to know more about business developments in August, etc., or if you have any questions, please feel free to contact BC Group and the OSL team.
Good luck, good luck
Dave Chapman
Executive Director
BC Group (HKEx: 863)
 $OSL GROUP (00863.HK)$ 
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
Thumbs Up
2
122K Views
Report
Comments
Write a Comment...
2
2