Investment Research Weekly: RMB 7 breaks, Litecoin halved, Wal-Mart issued coins

Under the multiple benefits, this week Bitcoin once again ushered in a sharp rise of more than 10%, and repeatedly broke through the psychological barrier of $12,000. The motives for this round of upswing may be the risk aversion brought by the RMB “breaking 7”, and the driving effect of the Litecoin halving. In the context of a large increase in the rate of return, there are more and more bitcoin miners starting up, and the difficulty of leading bitcoin mining has risen to an unprecedented height.

The pace of the regular army entering the encryption industry is still accelerating, this time the global retail giant Wal-Mart: the patent shows that the company with annual revenues of more than 500 billion US dollars may be planning to launch a stable currency similar to Libra. In addition, IBM is expanding its presence in the blockchain space. Recently, IBM announced that it has joined forces with Cisco, Nokia, GlaxoSmithKline, etc. to launch the blockchain supply chain platform "Trust your supplier", demonstrating the determination of the Blue Giant transformation.

Cryptographic currency market

According to the trading platform ZB.com market data, as of 17:00 on August 9th, the total market value of the digital money market was 309.4 billion US dollars, and the increase on the 7th was +7.23%. The overall market is dominated by bitcoin, and bitcoin has repeatedly exceeded $12,000, which is approaching the highest price record set in 2019.

In terms of mainstream currency, BTC temporarily reported $11,780, a rise of +12.8% in 7 days; ETH temporarily reported $216, a drop of -1.5% in 7 days; XRP was temporarily reported at $0.30, a drop of -4.4% in 7 days; BCH was 324 The US dollar rose by +0.4% in 7 days; EOS temporarily reported US$4.1, a decrease of -5.2% in 7 days.

This week, Coinmarketcap included 9 new currencies on the major trading platforms, of which 2 were up and 4 were down. The three best performing digital currencies last week were MNX (+167.8%), DXG (+163.0%), and YOU (+123.2%). The worst performing 3 digital currencies were UUU (-57.9%) and EVY (- 56%), KAT (-49.5%).

Primary market financing

UNICORN gains strategic investment in the chain of capital

UNICORN is a non-probable cross-chain hub construction platform, focusing on building a non-probable cross-chain hub, realizing the free flow of assets between different chains, and finally forming a value-interconnect blockchain network. UNICORN has obtained strategic investment in the capital chain, and the two parties will cooperate in promoting the incubation of high-quality cross-chain projects and jointly building a blockchain network of value interoperability.

The global chain travel aggregation and asset trading platform "UU Chain Tour" was informed of the initial capital strategic investment

UU Chain Tour is a global chain travel aggregation and asset trading platform. Based on the cutting-edge blockchain technology and consensus value community concept, UU Chain Tour is committed to let game assets flow freely and help hundreds of millions of players enter the era of "playing games can make money." It is reported that "UU Chain Tour" has been informed of the initial capital strategic investment.

Spider mine pool gets a new round of investment

Spider Mine Pool is an integrated node service provider, focusing on the ecological construction of block chain nodes, providing professional all-round and three-dimensional services such as mining pool, mining machine trading and mining machine hosting. The current business includes ETH, BTC mine pool, EOS, IOST block nodes and so on. Spider Mine Pool announced the completion of a new round of investment from Candy Capital and launched the BTC mine.

Encrypted Derivatives Platform FTX Receives $8 Million Seed Round Financing

FTX is a cryptocurrency derivatives exchange that offers contract trading, leveraged tokens, and automated OTC services. FTX received $8 million in seed round financing, with major investors including Proof of Capital, a blockchain-focused venture capital fund, and Consensus Lab, a blockchain company.

BPRO won the strategic investment of professional blockchain venture capital firm JRR Crypto

Founded in December 2017, BitCloud is committed to creating a user-friendly, user-friendly, one-stop wealth enhancement platform. It is reported that BPRO has been strategically invested by JRR Crypto, a professional blockchain venture capital institution.

Blockchain big news

RMB "breaking 7"

On August 5, both the onshore RMB and the offshore RMB exchange rate “broken 7”, triggering capital market turmoil. This is the RMB “breaking 7” again after 11 years. The relevant person in charge of the People's Bank of China said at a later press conference that the RMB “breaking 7” is a normal exchange rate fluctuation. China's economic development level and macro-control toolbox have the ability to stabilize the RMB exchange rate within a reasonable range. The analysis believes that the active depreciation of the renminbi is in response to the US tax increase policy. In response, the US Treasury Department listed China as a “currency manipulator” on August 6.

Halt currency halved

On August 5th, Litecoe ushered in a second block reward halved, and the mining bonus dropped from 25LTC to 12.5LTC. On that day, the LTC price rose by a maximum of 13.6% in 24 hours, reaching a maximum of $106. On the same day, ZB.com traded more than 500,000 LTCs. According to ZB's innovative think tank observation, after the retracement of the Wright currency network block halved, the net computing power of the next few days showed a one-way downward trend, which is speculated that some of the old model mining machines were not as profitable as the start-up price.

Walmart currency

A US patent office's patent document shows that global retail giant Wal-Mart is exploring "a method of generating a digital currency unit by linking one digital currency unit to another." It is speculated that this is Wal-Mart's plan to launch a stable currency similar to Libra and JM Coin for Wal-Mart's cross-border settlement and supply chain financial management of over $500 billion per year in 27 countries around the world.

The Central Bank Digital Currency Institute has applied for 74 patents

According to the relevant information of the Economic Information Daily, it was learned by consulting the patent system of the State Intellectual Property Office that as of August 4, 2019, the Central Bank Digital Currency Research Institute had applied for 74 patents. At the second half of the work video conference held on August 2, the central bank said it would push the development of China's legal digital currency (DC/EP). The blockchain company wholly-owned by the central bank: Shenzhen Financial Technology Co., Ltd. was established on June 15 last year and has participated in the development of the “Bay Area Trade Finance Blockchain Platform”.

Large-scale leakage of currency KYC data

Since August 6th, a large number of digital currency investors have indicated that they have received calls from unknown sources, claiming to be customer service of a digital currency trading platform, and invited them to join the WeChat group to promote unknown digital currency and other products. According to Coindesk, the matter was related to the leakage of KYC data from users of the digital currency trading platform. Although the trading platform has been vocalized several times, the specific data leakage time, leakage channels and total data leakage are not clear. At present, China National Capital (ZB.com) has not received a report on user data leakage.

Global regulatory trends

Seychelles Stock Exchange MERJ provides securities token trading

According to Coindesk, the Seychelles Stock Exchange has just launched a securities token transaction, becoming the world's first stock exchange to issue tokenized securities. The MERJ exchange is authorized by the Seychelles Financial Services Authority to house a stock exchange, clearing house and securities depository (CSD).

The European Central Bank said it is strengthening cryptocurrency monitoring, including "chain data"

The European Central Bank (ECB) said: "The central bank will improve the regulation of cryptocurrency transactions, whether on the chain or under the chain." In a report entitled "Understanding the phenomenon of crypto assets and its risks and measurement issues" Among them, the European Central Bank promised to continue to analyze "chain and tiered agreement transactions" and focus on coordinating and enriching the metadata of out-of-band transactions, as well as developing cryptographic asset metrics.

The Czech Republic will implement a more stringent cryptocurrency regulation than the EU requires

According to the chain news: According to the Czech newspaper Hospodářské Noviny, the Czech government's cryptocurrency regulation will be more stringent than the EU's Fifth Anti-Money Laundering Directive (AMLD5). The Czech regulator plans to impose a fine of up to 1 million CZK (about US$200,000) on cryptocurrency companies that are not registered in the country. This penalty is much higher than the AMLD5 requirement that came into effect last July.

Bank of Mexico's new financial technology law strictly prohibits cryptocurrency

A new financial technology law enacted by the Bank of Mexico (Banxico) prohibits financial technicians from trading, transmitting and holding cryptographic assets. Former Mexican Finance Minister Josu San Martin said: The legal requirements are too high, especially for cryptocurrencies, so that exchanges cannot operate under Mexican law. It is reported that BITSO, the largest bitcoin exchange in Mexico, became the first exchange to obtain a license to operate in the country, and currently cooperates with nearly 700,000 bitcoin customers.

Korean financial regulators plan to directly regulate cryptocurrency exchanges

Businesskorea reported that the Financial Intelligence Unit (FIU) of the Korea Financial Services Commission (FSC) disclosed a plan to directly regulate cryptocurrency exchanges and incorporate them into the regulatory system. Currently, FIU indirectly controls cryptocurrency exchanges through administrative guidance to banks. A FIU official said on August 6 that the government will increase the transparency of cryptocurrency transactions by introducing the “cryptocurrency trading licensing system” proposed by the Financial Action Task Force (FATF).

ZB Encyclopedia

Onshore renminbi and offshore renminbi: The central bank authorizes the China Foreign Exchange Center to announce the central parity of the exchange rate of the renminbi against the US dollar, the euro, the Japanese yen and the Hong Kong dollar on the morning of each working day as the inter-bank spot foreign exchange market and the exchange rate of the bank counter. Referring to the price, this is called the onshore RMB. The exchange rate of the central bank to open Hong Kong and other countries for RMB transactions is called offshore renminbi. In 2010, China's Hong Kong renminbi offshore trading (CNH) has already referred to overseas offshore renminbi transactions.