headlines
Huobi China announced its business structure on September 28, but the core digital currency exchange business is not included in the structure. A number of people close to Huobi’s senior executives said: “Huobi’s adjustment this time is intended to go public through the back door, and the next move of Huobi’s founder and chairman Li Lin is very likely to be to use Tongcheng Holdings, a Hong Kong-listed company controlled by him, to acquire Huobi China, so that part of Huobis business other than the exchange can be successfully listed. The attitude of Huobi executives to this news is: neither admitting nor denying it.
digital currency
digital currency
Criminals Laundered Nearly $90 Million Through 46 Cryptocurrency Exchanges
According to the Wall Street Journal, its reporters tracked funds from more than 2,500 crypto wallet addresses linked to criminal activity and found that a total of $88.6 million was laundered through exchanges. By investigating transactions and wallet addresses on Ethereum, the reporter found that $517,000 in ether was transferred on ShapeShift and then converted to Monero. ShapeShift is the largest collection of funds in the United States and is registered in Switzerland, but operates in the US state of Colorado.
Erik Voorhees, CEO of digital currency exchange ShapeShift, commented on Twitter that a Wall Street Journal article reporting criminals laundering nearly $90 million through digital currency exchanges was suggestive and misleading, citing data cited in the article. Contrary to the facts. He also pointed out that 2%-5% of the total amount of global money laundering is done through banks. Forbes analyst Joseph Young retweeted Erik Voorhees’ tweet and commented that a Danish bank laundered $230 billion in money. Why should we discuss the situation of digital currency exchanges? The Wall Street Journal article is not talking about money laundering at all, but implies Digital currency is the currency of criminals.
London-based cryptocurrency exchange LBX plans to launch a stablecoin pegged to the pound
Indian cryptocurrency exchange Bitbns said that users of Zebpay can join its exchange and will refund the withdrawal fees charged by Zebpay for specific tokens. Additionally, Bitbns stated that it was a “bad day” for the entire Indian cryptocurrency industry and traders due to Zebpay’s shutdown announcement yesterday.
Blockchain industry
Blockchain industry
Recently, according to Caijing.com, the white paper released by Baidu Blockchain Lab introduced that there is a token-like mechanism design in Baidu Super Chain - Super Fuel. This product may expose Baidu Super Chain to regulatory risks. In addition, Baidu internal employees said that Baidu has set up a new company dedicated to the blockchain business, but whether the company is responsible for the specific operation of fuel is unclear. In this regard, Odaily asked Baidu officials for confirmation, and Baidu responded that super fuel is a term in the blockchain field, and in Baidu Super Chain it is a cloud computing service fee, and Baidu will operate its business in accordance with national regulatory requirements. Apart from Duchain, Baidu has not established any other independent company to operate the blockchain business. Regarding the question of whether the super chain is a public chain or a consortium chain, Baidu said that the super chain is a super consortium chain, that is, a consortium chain network.
Recently, Gome Finance released the White Paper on the Application of Blockchain Extended Warranty Service. In the white paper, it is introduced in detail that the use of blockchain distributed bookkeeping, non-tamperable and other features can greatly improve the extended warranty service from product customization, business acceptance to after-sales maintenance, etc. service efficiency. At present, Gome Finance has applied blockchain technology to extended warranty service scenarios.
Shanxi Blockchain Application Landing Summit Forum was held today
Today, the Blockchain Application Landing Summit Forum hosted by Shanxi Blockchain Research Association was held in Pingyao County Industrial New Zone. This forum is the first application-oriented forum since the establishment of the Shanxi Provincial Blockchain Research Association.
Japanese company MINDOL will launch a battle-type blockchain online game
Zhongchao Blockchain Technology Research Institute signed a framework cooperation agreement with Zheshu Culture. The two parties will focus on promoting the construction of digital government chain products based on blockchain technology to create a leading government chain brand in the country. In the future, the two parties will also cooperate on the application of blockchain in the cultural industry, and jointly create a combination model of alliance chain + professional chain such as cultural chain and sports chain.
global policy
global policy
North Dakota ICO Task Force Investigates 10 Suspicious ICO Companies
The North Dakota State Securities Commission has ordered the closure of projects belonging to BitConnect, Magma Foundation and Pension Rewards Platform, all three companies focused on ICO investments but not registered with the state. Additionally, the North Dakota ICO Task Force, created by North Dakota Securities Commissioner Karen Taylor in August 2018, is investigating seven more companies, bringing the total number of suspicious ICOs in North Dakota to ten, according to officials.
Russian lawmaker calls for blockchain development in Russian Far East
California Governor Jerry Brown has signed two blockchain bills into law: AB 2658 by Assemblyman Ian Calderon and SB 838 by Assemblyman Robert Hertzberg. It is reported that the AB 2658 bill defines blockchain technology, updates the Uniform Electronic Transactions Act, and establishes a working group to create the best regulatory framework for California blockchain projects. SB 838 proposes that companies can use blockchain technology to record stock offerings and transactions.
Character · Voice
Character · Voice
On September 27, the Hurun Research Institute released the 2018 Hurun 30×30 Entrepreneurial Leaders list, aiming to find Chinese entrepreneurial leaders under the age of 30. Among blockchain companies, Jing Tianwei, chief marketing officer of Ruff, Jimmy Hu, founder and CEO of APEX Network and APEX Technology, and Shuai Chu, founder and CEO of Quantum Chain, were selected.
Min Dong, director of the Smart Health Department of the Yunda Institute of the China Academy of Information and Communications Technology, revealed that the China Academy of Information and Communications Technology will actively promote the work of Internet + medical and health under the guidance of relevant national ministries and commissions. Among them, blockchain technology can be applied to fields such as encryption of medical sensitive information, drug traceability and anti-counterfeiting, identity authentication of medical practitioners, etc., greatly improving the security and reliability of medical and health-related data.
Yuan Yuming, CEO of Huobi China: Blockchain infrastructure will be mature before 2020
Yesterday, Yuan Yuming, CEO of Huobi China, said in an exclusive interview that Huobi is currently in the blockchain 2.0 stage, that is, the stage of launching various applications. Huobi has a large ecosystem and is also a platform for various services. Before 2020, the infrastructure of the blockchain industry has matured, and from 2020 to 2023, applications will continue to be pushed to the ground. Yuan Yuming said that the number of global blockchain users is now on the order of tens of millions, and the scale is still small, so it is relatively difficult for a large-scale application to appear. Only when the user penetration rate increases can we improve many applications and further promote the application.
Block.one CEO: Blockchain can be used as a revolutionary communication tool
Block.one CEO Brendan Blumer tweeted that blockchain can be used as a revolutionary communication tool to bridge the gap between regulatory intentions and public action.
