| China Banking and Insurance Regulatory Commission issued an investigation of illegal fund-raising, involving virtual currency; Litecoin computing power hit a record high
Dave
2019-04-15 00:05
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According to CoinMarketCap, mainstream currencies generally rose, among which LTC rose significantly, with a 24-hour increase of 5.75%.

headlines

headlines

The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission said in an interview a few days ago that in order to actively respond to the severe situation of illegal fund-raising, find out the bottom line of risks, move forward the disposal barrier, and curb the high incidence of cases, the Inter-Ministerial Joint Meeting on Illegal Fund-raising has been officially launched for three days. The national illegal fund-raising risk investigation and rectification campaign for the next month (April 1 to June 30, 2019) focused on the investigation objects with the following characteristics: the promotion contains or involves "consumer rebates", "financial mutual aid" and "virtual currency" "Poverty Alleviation for the Elderly" and "Military-civilian Integration" etc. (Economic Information Daily)

digital currency

digital currency

Mainstream currencies generally rose, LTC rose by nearly 6% in 24 hours

At 7 a.m. on April 15th, the CoinMarketCap market showed that mainstream currencies generally rose, among which LTC had a significant increase, and it is now reported at $82.58, a 24-hour increase of 5.75%. BTC is now at $5181.25, a 24-hour increase of 1.72%. BCH, EOS, and BNB all rose by more than 3% in 24 hours.

According to data from BitInfoCharts, the computing power of Litecoin has reached a record high, close to 360TH/s. Litecoin computing power bottomed out in December last year, and at the same time, the price of Litecoin rose from $23 in December last year to $97 a few days ago, an increase of 321%. According to Litecoin.com, if the price of Litecoin is around $100 and the performance of the mining equipment available on the market remains the same, Litecoin's computing power may eventually reach 500TH/s. (Bitcoin Exchange Guide)

Blockchain application

Blockchain application

Four 5G smart parking lots based on blockchain technology have been put into use in Huangpu District, Guangzhou

Guangzhou High-tech Zone, Guangzhou Development Zone, and Huangpu District are actively exploring ways to integrate 5G technology with the transformation of the real economy and smart city management. "Smart Whampoa" has been extended to the field of daily life. Four 5G smart parking lots based on blockchain technology have been put into use in the Science City Headquarters Economic Zone, Civic Park, Xiangxue Talent Apartment, and Science City Plaza Future Space. (People's Daily Online)

JD Blockchain helps Guangzhou Internet Court to build "Netcom Law Chain"

Recently, JD.com and the Guangzhou Internet Court signed a cooperation agreement in two aspects: "credible electronic evidence platform" and "judicial credit co-governance platform". It is understood that this cooperation with JD.com provided the core technical capabilities of the blockchain, and became an integral part of the construction of the smart credit ecosystem of the Guangzhou Internet Court "Netcom Legal Chain". (China-Singapore Jingwei)

According to the latest trademark list announced by the Benelux Office of Intellectual Property (BOIP) on April 10, Samsung has applied for a trademark for its container blockchain pilot project, and the trademark is Samsung Deliver. The trademark is classified in class 9/38/39/42, which contains a broad Dutch description: computer software for logistics management; providing access to an internet platform for blockchain transactions; providing a communication platform enabling users to connect with each other, conduct Interactively share, post and answer questions to view statistical and graphical representations of results; software available online through the platform for logistical purposes. (Lets Go Digital)

global policy

global policy

China Blockchain Special Committee: "Interim Measures for Blockchain Talent Filing" and "Interim Measures for Blockchain Expert Certification" are being drafted

News On April 13, the China Communications Industry Association Blockchain Professional Committee held the fifth secretary-general team office meeting to discuss the "Interim Measures for Blockchain Talent Filing (System)" and "Interim Measures for Blockchain Expert Certification (System)". 》Discuss and exchange, determine the relevant framework, and discuss the relevant personnel arrangements at the same time.

Seoul, South Korea will launch 6 blockchain-based administrative services in phases

By the end of the year, Seoul, South Korea will gradually launch six blockchain-based administrative services. This is based on the decision made in the "Urban Convergence District Promotion Plan" announced by Seoul City last October. Seoul City plans to develop 14 blockchain-based administrative services by 2022. The Seoul Citizen Card will introduce a unified certification system based on regions. The goal of the labor rights protection service is to sign electronic labor contracts, join the four major social insurances, manage work experience, etc., and improve the credibility of information through blockchain management. The city government said it will actively take input from an advisory group of citizens during the development process. (Yonhap News Agency)

Taiwan's "Financial Supervisory Commission" held a public hearing in the afternoon of today (April 12) in order to formulate regulatory norms for security tokens (STO). Gu Lixiong, chairman of the "Financial Management Commission", said that a balanced standard will be formulated based on external opinions, and it is expected to be officially announced in June. (Taiwan Economic Daily)

Investment and Financing

Investment and Financing

Recently, NISUS, a global entertainment complex based on blockchain technology, received tens of millions of strategic investment from Jidou Capital and Dragon Capital, and reached a strategic partnership. It is understood that NISUS is a blockchain entertainment complex that builds on-chain infrastructure for games, quiz, competition, social and other entertainment modes.

Character·Voice

Character·Voice

Researcher Justin Drake: The Ethereum Foundation spends $20 million a year and employs about 100 people

Eric Conner, the founder of EthHub, raised the community's concerns about the transparency of the Ethereum Foundation, and believed that the Ethereum Foundation should disclose information such as the overall number of employees, organizational structure, average income of employees, and annual expenditures of the institution. Justin Drake, a researcher at the Ethereum Foundation, responded on Twitter that the foundation has about 100 employees, including employee salaries, operating expenses, and project funding expenditures, and the annual expenditure is about 20 million US dollars. It is reported that the foundation currently holds 645,000 ETH, currently worth $107 million. (chain news)

Analysis: In 2018, the global personal cross-border remittance fee was as high as 48 billion US dollars, 17.8 times the energy consumption of the Bitcoin network


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