headlines

headlines

The 2020 People's Bank of China Work Conference was held in Beijing. The meeting emphasized that the research and development of legal digital currency will continue to be steadily promoted in 2020. Further expand the application field of the global legal entity identifier (LEI) in our country.

digital currency

Bitmain Appoints Wang Jun, the New CEO of AI Business, and Continues to Invest in AI Chips

Bitmain Appoints Wang Jun, the New CEO of AI Business, and Continues to Invest in AI Chips

Ripple's C round of financing is valued more than 93% of the stocks in the Nasdaq Composite Index

Ripple's C round of financing is valued more than 93% of the stocks in the Nasdaq Composite Index

Yeastplume, developer of privacy coin Grin and the MimbleWimble protocol, has announced the release of Grin and Grin Wallet 3.0.0. The developer’s official announcement on the Grin forums revealed that Grin and Grin Wallet 3.0.0 are ready for use ahead of the hard fork at block 524160 around January 15, 2020. Additionally, the announcement revealed that the previous version of the wallet will be shutting down soon, adding that the v3.0.0 wallet will only be compatible with Grin nodes running v3.0.0 or later. Therefore, users are advised to upgrade as soon as possible.

Yeastplume, developer of privacy coin Grin and the MimbleWimble protocol, has announced the release of Grin and Grin Wallet 3.0.0. The developer’s official announcement on the Grin forums revealed that Grin and Grin Wallet 3.0.0 are ready for use ahead of the hard fork at block 524160 around January 15, 2020. Additionally, the announcement revealed that the previous version of the wallet will be shutting down soon, adding that the v3.0.0 wallet will only be compatible with Grin nodes running v3.0.0 or later. Therefore, users are advised to upgrade as soon as possible.

Blockchain industry

"Blockchain" was selected as one of the top ten keywords of the cultural industry in 2019

"Blockchain" was selected as one of the top ten keywords of the cultural industry in 2019

Central Bank of Venezuela is running a node for BolivarCoin

Members of the BolivarCoin Telegram community discovered that a node with an IP address of 200.35.132.80 is suspected to be connected to the Central Bank of Venezuela (BCV). After verification, it was found that the node is indeed operated by the Central Bank of Venezuela. Since BolivarCoin is one of the cryptocurrencies with the smallest circulation, the community member speculated that it is unlikely that the Central Bank of Venezuela will adopt BolivarCoin as a backing project and simply become familiar with the maintenance and operation of the blockchain. At present, the Central Bank of Venezuela has not made an announcement on the matter, nor has there been any indication that it is developing its own blockchain.

global policy

Turkish Regulator Plans to Speed ​​Up Its Bitcoin and Crypto Supervision Efforts

Turkish Regulator Plans to Speed ​​Up Its Bitcoin and Crypto Supervision Efforts

The China Banking and Insurance Regulatory Commission issued guidance on the development of the banking and insurance industry, mentioning the encouragement of the use of blockchain and other technologies

The China Banking and Insurance Regulatory Commission issued guidance on promoting the high-quality development of the banking and insurance industries. The opinions pointed out that banking and insurance institutions should consolidate the foundation of information technology, establish an organizational structure, incentive mechanism, and operating model that adapt to the development of financial technology, and do a good job Relevant technology, data and talent pool. Make full use of emerging technologies such as artificial intelligence, big data, cloud computing, blockchain, and biometrics to improve service quality, reduce service costs, and strengthen business management.

Character·Voice

Chairman of Japan JCBA: Japanese exchanges are in a state of loss as a whole, and some exchanges may close in the new year

Chairman of Japan JCBA: Japanese exchanges are in a state of loss as a whole, and some exchanges may close in the new year
The president of the Japan Cryptocurrency Business Association (JCBA) Norioyuki Hirosue talked about the status quo of Japanese cryptocurrency exchanges in an interview. It said that at present, Japanese virtual currency exchanges are in a state of loss as a whole. In the next six months, there may be exchange closures or mergers. Among the first batch of exchanges registered in September 2017, about half can persist, but the rest of the exchanges have suffered serious losses. According to statistics from another industry organization, Japan Cryptocurrency Exchange Association (JVCEA), as of 2019, the total number of customers of 21 registered exchanges is only about 350,000 (including double counting).

Norioyuki Hirosue explained why this happened. After the theft of Coincheck in January 2018, the Japanese Financial Services Agency issued business improvement orders to exchanges, and the compliance costs of exchanges increased by three times. Amid rising costs, the volume of transactions decreased in 2018 and further decreased in 2019 to about half of the previous year. Rising compliance costs and falling transaction volumes lead to lower revenues, resulting in a loss-making industry as a whole.

V God: The biggest possibility at present is to directly merge Eth 1 and Eth 2

Recently, when answering questions in the Ethereum 2.0 Chinese community about the additional issuance of ETH and BETH Token in the new and old chains of Eth 1 and Eth 2, and whether the two-way transfer of assets in the old and new chains will be realized as soon as possible through a two-way bridge V God said that both Eth 1 chain and Eth 2 chain will issue additional Tokens, Eth 2 is a PoS reward, and the PoW chain is a mining reward. After the two chains are merged, ETH and BETH will become a Token. At the same time, V God replied that the most likely plan now is not to do a two-way bridge between the old and new chains, but to merge directly as soon as possible.

Huang Qifan: The combination of finance and blockchain, and the creation of digital financial platforms or companies should be approved by government regulators