Weekly | One article grasps the national day seven days of industry news


The US Securities Regulatory Commission continued to issue fines, and Block.one and other projects paid fines for settlement; German Finance Minister: will introduce a central bank digital currency called "e-euro" to deal with Libra's competition; German police raids on former NATO military bunkers to combat cryptocurrency Darknet criminal group; PayPal announced that it has withdrawn from Facebook's Libra Association, and Visa and MasterCard have also considered it; the report said that this year's ICO financing fell more than 95% or will disappear completely in 2020.

According to PANews statistics, there were 7 blocks in the blockchain sector announced last week, with a total amount of over US$37 million (excluding projects that have not disclosed specific investment and financing amounts), involving derivatives trading, wallets and other fields.

O1 Liechtenstein Parliament passed a new blockchain bill

According to Cointelegraph, on October 5th, the Liechtenstein-based ministry of the Central European Parliament unanimously passed the Trusted Technology-Based Token and Entity Services Act (TVTG), also known as the Blockchain Act. The bill aims to strengthen investor protection, combat money laundering and establish transparency. The new law will enter into force on January 1, 2020. The parliament’s statement said the bill would make Liechtenstein the first country to fully supervise the token economy.

O2 European Central Bank Senior Official: Calls on Malta to Implement Strict Supervision of Blockchain and Other Finance

According to Reuters, Andrea Enria, chairman of the European Central Bank's supervisory board, called in an interview to impose stricter regulations on Malta, which is trying to create a financial technology center such as the blockchain, and called on the Maltese government to monitor the bank more severely. Enria believes that non-financial risks, such as compliance, regulatory and IT risks, need to be managed in a more rigorous and coherent manner, given Malta's leading role in blockchain and encryption technologies. He also expressed confidence in the successful outcome of the Maltese government.

Related reading: PANews has introduced Malta's blockchain regulatory environment and policies in the article "Compliance, Endorsement: Inventory of Trusted Currency Exchange Registered Holy Land".

O3 The Hong Kong Securities and Futures Commission issues regulatory provisions for licensed virtual asset management companies

The Hong Kong Securities and Futures Commission officially published the terms and conditions for the supervision of licensed companies investing in virtual assets on the official website. This is the management company and fund distributor for the virtual asset portfolio published by the Hong Kong Securities and Futures Commission in November last year. After the statement of the regulatory framework of the trading platform operator, a more specific regulatory clause for the licensed virtual asset manager was officially released. The Hong Kong Securities and Futures Commission said that these terms and conditions will apply to all fund managers who manage virtual assets in Hong Kong. These regulated virtual asset managers may have plans to invest in virtual assets or intend to invest more than 10% of their portfolio in virtual assets.

Related reading: PANews has reviewed the history and rules of digital currency supervision in Hong Kong in the article "Reading the Road to Hong Kong's Digital Money Supervision".

O4 The US Securities Regulatory Commission continues to issue tickets, and Block.one and other projects pay fines and settlements.

On September 30, the US Securities and Exchange Commission (SEC) announced the settlement of blockchain technology company Block.one. The SEC has previously accused it of making an unregistered digital token (ICO) for the first time, raising approximately $1 billion in funding in about a year. Block.one agreed to settle the allegations by paying a $24 million civil penalty. The fine is for ERC-20 token sales, the token is no longer in circulation or traded, and the token is not required to be registered as a security at the SEC. The fine is not for the actual EOS token currently in circulation.

On October 1, according to Cryptonews, Nebulous, another blockchain project, also announced a settlement with the SEC and agreed to pay $225,000 without acknowledging or denying responsibility. The SEC previously accused it of raising $120,000 by issuing or selling securities without registration or exemption.

According to AMBCrypto on October 3rd, the US Securities and Exchange Commission (SEC) has made a final ruling on the ICO project PlexCoin. PlexCoin was required to pay nearly $7 million on October 2 for violation of federal securities laws.

Some commentators believe that with this fine, it is equivalent to the US Securities and Exchange Commission (SEC) issuing a green light to the encryption company in the form of such a fine.

O5 Venezuelan President Maduro: The government will use encrypted assets as a free means of payment

According to the news of the Prmnts, Venezuelan President Nicolas Maduro said at a television news conference that the government will use encrypted assets as a free domestic and international payment method. Maduro said that the Finance Minister and the Central Bank of Venezuela have new tools, and we will soon activate these tools so that everyone can make bank transactions through central bank accounts, as well as national and international payments. It is reported that the Central Bank of Venezuela has been conducting internal tests to ensure that it can hold encrypted assets in foreign exchange reserves. The country has been trying to find ways to bypass US sanctions, including creating its own cryptocurrency (Petro). It has been previously reported that the Venezuelan state-owned oil and gas company (PDVSA) has a large amount of secret bitcoin reserves, and at the request of PDVSA, the Central Bank of Venezuela is conducting internal tests to determine whether it is possible to add cryptocurrency to its international reserves, in particular It is Bitcoin and Ethereum.

O6 German Finance Minister: Will introduce a central bank digital currency called “e-euro” to deal with Libra competition

According to German media wiwo, German Finance Minister Olaf Scholz said in a recent talk about Facebook's Libra that one of the country's core sovereignty is issuing currency, and we will not leave it to private companies. In the face of the Internet giant's plan (Facebook issued Libra), it said it will introduce a central bank digital currency called "e-euro", which believes that such a payment system for European financial centers and their integration with the world financial system are Beneficially, this area should not be left to China, Russia, the United States or any private institution. Previously, Scholz has long been a skeptic of cryptocurrency.

O7 German police raids on former NATO military bunkers to combat dark-net criminal groups that rely on cryptocurrencies

According to CryptoGlobe on October 5th, German police raided a data processing center in the former NATO bunker, which is operating an illegal criminal gang relying on cryptocurrency. It is reported that the German police have seized more than 41 million US dollars of funds, which are related to the sale of dark-net drugs and other illegal activities. Criminals in the raid were accused of operating these illegal markets through their data centers in the former NATO military bunkers in western Germany. Investigators said that in addition to the illegal drug portal "Cannabis Road" and "Orange Chemicals", criminals also hosted the "Wall Street Market", one of the world's largest online crime markets for the sale of drugs and hackers. tool. "These illegal platforms use cryptocurrencies to keep transactions anonymous.

O8 Yi Gang issued a text on the 70 years of financial achievements of the founding of the People's Republic of China: important progress in the development of legal digital currency

Yi Gang, the governor of the central bank, published an article in "China Finance", "Golden Achievements in the 70th Anniversary of the Founding of New China". The article pointed out that since the 18th National Congress of the Communist Party of China, it has responded to the needs of the development of financial technology and actively promoted the development of legal digital currency (DC/EP) and made important progress. Basically established a financial supervision system to effectively maintain financial stability: prevent and resolve major financial risks and achieve a staged achievement. Since 2018, the financial system has resolutely implemented the central government's decision-making arrangements to prevent and resolve major financial risks. At present, financial risks are generally convergent and generally controllable, and market expectations are positively changing.

O1 Pioneer Group founder died in the UK, layout blockchain but blood loss

On the evening of October 5, Pioneer Group officially released an obituary confirming the news that Zhang Zhenxin, the chairman of the Vanguard Group and the actual controller of the Netcom Group, died in the UK. According to the report of "Peeping Hope", the Pioneer Department invested heavily in the blockchain in Hong Kong, but it was bloody. Insiders of the Pioneer Group did not fully calculate that Zhang Zhenxin’s money lost in the blockchain business needs to be used in billions. meter.

In the blockchain sector, rapid deployment includes mining machines, mines, exchanges, Tokenfund and so on. In terms of staffing, he brought in Chen Qing, CEO of UBS China, Xie Sha, who has fund management background, Yang Cheng, who has blockchain experience in Japan, and Deng Ke, who has a technical background, and hopes to be in the block. Find a breakthrough in the chain and financial sector.

O2 PayPal announced its withdrawal from Facebook's Libra Association, which was also considered by Visa and MasterCard

According to CNBC, PayPal announced on October 4 that it is withdrawing from Facebook's Libra Association. The company said in a statement that PayPal has decided not to join the Libra Association at this time and remains committed to advancing the company's existing mission and business priorities. But PayPal said it still "supports Libra's wishes" and will continue to work with Facebook in the future. According to the Financial Times, PayPal is concerned that Facebook has not done enough to deal with the disputes over the project, especially in eliminating money-laundering concerns. On October 2, the Wall Street Journal reported that the payment giants such as Visa and MasterCard had reconsidered to join the Libra Association.

After PayPal announced its withdrawal from the Libra Association, Libra officially posted a number of tweets, saying that each participant needs to assess risk and return, and has received information on 1,500 entities interested in participating in the alliance.

1. Building a modern, low-friction, highly secure payment network that empowers billions of people without financial services is a journey, not an end. The journey to build an intergenerational payment network like the Libra project is not easy.

2. We recognize that change is difficult, and every organization that begins this journey must make its own risk and reward assessments of the changes Libra has promised.

3. We look forward to the first Libra committee to be held within 10 days (note: the Libra Council is here, not the official Libra Association of Libra Association) meeting, and will share the latest developments after the meeting, including 1500 interested Details of the entities involved.

O3 Libra detailed road map announced for the first time: the main network will have hundreds of nodes

According to official Libra news, the Libra Association released its first project roadmap on October 2, detailing the development plan of the team before the launch of Libra's main network. In the first phase, the Libra Association is expected to invite five partners to deploy a full node on the network, and the Libra wallet development team Calibra will play an important role in node operations. The Libra main network will be launched at the end of the fourth phase of the roadmap. It is expected that 100 partners will run the entire node and Calibra will withdraw from the dominant position as a common node. All nodes will use a hybrid architecture of local servers and cloud hosting to provide Libra with greater resiliency.

O4 Report: Institutional investors' investment and interest in cryptocurrencies is rising

According to AMBCrypto, a recent report by digital currency lending company BlockFi shows that institutional investors' investment and interest in cryptocurrency is rising. According to the report, there are 40,000 registered investment advisers in the United States. Among them, hedge funds, private equity funds and venture funds, a total of 60,000, there are 10,500 managed private equity funds, of which, of the 60,000 funds, exactly 201 have cryptocurrencies, and 51 traditional funds also have cryptocurrency . Private equity funds with cryptocurrencies account for only 1.3%, although this is not a large percentage. But it needs to be reminded that until 2018, institutional investors will pay attention to encryption investment. Therefore, for relatively new asset classes, even a small percentage of only 1.3% is considerable.

At the same time, the report also highlighted that of the 201 private fund managers, 18 of them directly invested in cryptocurrencies totaling more than $1 billion in wealth. The 18 billionaire hedge fund managers manage a total of $286 billion. Assuming that even 1% of these funds are invested in cryptocurrencies, $3 billion to $5 billion in traditional funds have entered the cryptocurrency market.

O5 Report: ICO financing falls by more than 95% or will disappear completely in 2020

Longhash said in a recent report that the ICO model will disappear completely in 2020. The report said it analyzed all ICOs that ended in 2018 or 2019 (about the end of August) listed on the tracking site ICO Watch. The result is quite bad. In fact, ICO Watch has also been closed, and data collection is due in late August. The data shows that even after the start of the bear market in January 2018, ICO is still taking place at more than 100 per month, but by 2019, the project flow has been reduced to almost zero. In addition, the amount of funds available for contention in the ICO has also declined. According to ICO Watch, ICO raised more than $7.6 billion in 2018. According to the total investment from 2019 to August this year, the total investment this year will fall to 338 million US dollars, a drop of more than 95%.

According to PANews statistics, there were 7 blocks in the blockchain sector announced last week, with a total amount of over US$37 million (excluding projects that have not disclosed specific investment and financing amounts), involving derivatives trading, wallets and other fields.

O1 Vega completes $5 million seed round financing from Pantera Capital to develop a decentralized derivatives market

According to CoinDesk, October 2, Vega, a startup focused on the decentralized derivatives market, announced that it has completed more than $5 million in seed round financing, which was led by Pantera Capital, and other investors include NGC Ventures, Xpring, Hashed, gumi Cryptos Capital, etc. Vega aims to design and implement secure, unmanaged decentralized margin trading agreements.

O2 InstaDApp has raised $2.4 million to build a smart wallet

According to CoinDesk, on October 1st, India-based DeFi project InstaDApp announced that it has raised $2.4 million to build its smart wallet, designed to help users execute transactions through their DeFi portal. It is reported that this round of financing was led by Pantera Capital, Naval Ravikant, Balaji Srinivasan and Coinbase Ventures.

O3 Foreign media: The encryption financial technology company Savedroid was acquired and will enter the stock market

According to Cointelegraph's German division, the Frankfurt-based crypto-financial company Savedroid was acquired by Advanced Bitcoin Technologies AG (ABT). According to the report, the acquisition will bring the financial technology startup to the stock market. It is reported that in 2018, Savedroid founder Yassin Hankir forged the disappearance of entering Egypt and the theft of ICO income, which caused investors to panic and was controversial. According to Etherscan data, Savedroid's token is currently trading at $0.0002, a 90% depreciation over its issue price of $0.001954.

O4 Investment services company Broadridge Financial acquires financial technology company to enter the encryption market

According to CoinDesk, New York state investment services company Broadridge Financial has acquired financial technology company Shadow Financial Systems, and Broadridge Financial will be involved in the field of cryptocurrency for the first time. At present, Broadridge Financial did not disclose the details of the acquisition, nor did it disclose the specific content of Post-Trade Services. However, it said it will conduct a due diligence on Shadow Financial to determine the content of the encrypted post-trade service that its software can provide. It is reported that Shadow Financial is a multi-asset solution provider based in New Jersey, providing post-trade software for exchanges, etc. In August 2018, it announced support for cryptocurrency in its accounting system ShadowSuite.

O5 blockchain art platform Verisart raises $2.5 million to expand art validation services

According to Coinspeaker on October 4th, the blockchain platform Verisart has raised $2.5 million to expand its blockchain-based art validation service. The funds will be used to expand the product and engineering teams, as well as launch a range of quality services for artists, galleries and collectors. It is reported that Verisart is a platform based on blockchain technology, which is designed to certify and verify various types of artworks.

O6 Malta Encryption Bank Founders Bank has raised $10 million and plans to launch service in 2020

According to Finance Magnates today, Malta's Encryption Bank Founders Bank has raised $10 million, including Coin Security, Polychain Capital and Carduus Asset Management. Founders Bank said it plans to raise another $30 million and plans to launch the service in 2020.

O7 Ethereum scalability platform SKALE Network raised $17.1 million for launching the main network

According to CoinDesk today, the Ethereum scalability platform SKALE Network has raised $17.1 million to start the main network. ConsenSys Labs, Winklevoss Capital, etc. are involved in the investment.

Text | Xiao Yan Editor | Bi Yi Tong Source | PANews