Blockchain Weekly | American Chinese Presidential Candidate Issues Campaign Token 6 Libra Founding Members Withdrew

Overview: Both Visa and MasterCard have withdrawn, and six institutions have officially announced their withdrawal from the Libra Association; the SEC has temporarily suspended the Telegram currency program; the Bitwise Bitcoin ETF proposal has been rejected; Alipay and WeChat Payments have reaffirmed the ban on trading in virtual currency; Yu Zhi will be listed in the US on November 8.

According to PANews statistics, a total of 10 blockchain financings were announced last week, with a total amount of over US$7.025 million (excluding projects that have not disclosed specific investment and financing amounts), involving communities, lending platforms, software, communications, public chains, and wallets. And so on.

SEC urgently suspends Telegram currency program

The instant messaging software Telegram raised more than $1.7 billion last year through the currency, making it one of the largest cryptocurrency projects in the world. On October 11th, on the occasion of the main online line, Telegram and its subsidiary TON Issuer were urgently suspended by the US regulatory agency SEC. The SEC claims that the Gram tokens are in compliance with the definition of securities, which are issued as unregistered securities and that the SEC has received a temporary injunction against two offshore companies.
In the face of SEC lawsuits, on October 14, Telegram said in a letter to investors that he was surprised and disappointed that the US Securities and Exchange Commission (SEC) chose to file a lawsuit against its token transactions and claimed that it was "in the past." In 18 months, he has been trying to contact the SEC and seek feedback on his TON blockchain project. Telegram told investors that it would “take a little rest” to get a clearer picture of the legal status of the TON project and its Gram tokens. The company is evaluating whether it is necessary to postpone the TON that was scheduled to be launched on October 31.
The three major regulators in the United States have jointly stated that participation in digital asset transactions requires compliance with anti-money laundering regulations.
The US Commodity Futures Trading Commission CFTC, the US Securities and Exchange Commission SEC and the US financial crime enforcement network FinCEN are the three major agencies in the United States that regulate cryptocurrencies. They issued a joint statement on October 11 stating that according to the Bank Secrecy Act, participation in the figures Asset trading related activities must be subject to anti-money laundering and counter-terrorism financing supervision.
UK financial regulators increase investigation of encryption companies
On October 8, The Block quoted the Financial Times as saying that the Financial Regulatory Authority (FCA) of the UK financial regulator had conducted 87 investigations of cryptocurrency companies this year. Compared to January-October last year, the number of FCA queries increased by 74%.
According to the Financial Times, the FCA's investigations include “early review” and “full law enforcement investigations”. David Heffron, a partner at Pinsent Masons, told the Financial Times that more and more reviews "reflected that FCA has more and more actions in the cryptocurrency market."
The Swiss National Bank will work with the Bank for International Settlements to study the central bank's digital currency. One of the first innovation centers will be located in Hong Kong.
On October 9, according to Cointelegraph, the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) signed an agreement to cooperate with the BIS Innovation Center in Switzerland. The first three innovation centers of the Bank for International Settlements will be located in Switzerland, Hong Kong and Singapore. The Swiss Innovation Center will initially focus on two research projects: the integration of central bank digital currency (CBDC) into the blockchain technology infrastructure and the central bank's tracking analysis of fast-growing electronic markets.
The Ukrainian government plans to establish cryptocurrency tax rules and plans to legalize mining in two to three years.
The Ukrainian Ministry of Digital Transformation plans to legalize the country’s cryptocurrency mining within two to three years. According to a statement issued by the news department on October 7, after meeting with the blockchain community in the country, the government hopes to develop tax rules to deal with cryptocurrencies and approve international proposals to combat money laundering by the summer of 2020. To minimize the negative impact of legalization of cryptocurrencies. The Ministry also plans to introduce blockchain technology into national registries during the above period, encourage international cryptocurrency exchanges to enter Ukraine, and welcome foreign companies and investors to enhance Ukraine's competitiveness in the global virtual asset market.
Japanese Minister of General Affairs: Encrypted currency assets are not prohibited by the Political Funds Control Act
According to Reuters news, on October 8, Japanese Minister of General Affairs Takashi Miao Miao said at a news conference today that cryptocurrency assets are not regulated by the Political Capital Control Act and are banned by individual politicians. Money is money and securities, which states that “encrypted assets do not fall into any of the above and are not subject to donation restrictions. If crypto assets are donated to a single politician, they will be considered “legitimate” and not politically The object of the record in the report.
The Supreme Court of India will hear cases related to cryptocurrency bans on October 15
According to, the Supreme Court of India has decided to hear trials of cryptocurrency bans on October 15. This is the new date for the Supreme Court of India to reconfirm the trial of cryptocurrency bans after repeated delays. At the last hearing (August 21), the court asked the Reserve Bank of India (RBI) to respond to the statement of the crypto exchange within two weeks. Earlier in August, the Supreme Court of India received some arguments challenging the Indian Central Bank (RBI) to consider jurisdiction over cryptographic activities based on ambiguous principles. Based on this, the Supreme Court of India asked the central bank to reconsider its position on the bank ban and postponed the case for two weeks.
For the issue of cryptocurrency, the IRS issued the first guiding principle in five years.
On October 9, the US Internal Revenue Service (IRS) has issued its first five-year guidelines for calculating the tax payable on cryptocurrencies. The tax guidelines issued this time relate to tax liabilities arising from cryptocurrency forks, an acceptable method of assessing cryptocurrencies received as income, and how taxable income is calculated when cryptocurrencies are sold.
In addition, the US Internal Revenue Service (IRS) has released its new draft 1040 form on additional income and income adjustments, which will first ask US taxpayers about their encryption activities. The first line of the form asks: “In 2019, whether you received, sold, sent, traded or otherwise obtained the proceeds of any currency related to cryptocurrency.” and set the yes or no option.
The document released this time solves a long-standing problem that the new cryptocurrency created by the fork of the existing blockchain should be treated as an "ordinary income", equivalent to receiving a new encryption. The fair market value in the currency (the price determined by the buyer and the seller on a voluntary basis, under the condition that the relevant knowledge and information of the two parties are basically symmetrical, in the public transaction according to their own interests).

President of the Russian Central Bank: The Russian Central Bank does not need to issue a national digital currency
The Tass news agency reported on October 10 that the Russian central bank governor Elvira Nabiullina said that "the Russian central bank does not need to issue national digital currency. As the central bank of Russia, we have been studying this topic, for us to issue national digital currency. The demand is not obvious, because it is difficult to really estimate the advantages of the national digital currency. There are still many risks compared to existing non-cash electronic payments."
The Macao Stock Exchange program has been submitted to the central government and will create the RMB “offshore Nasdaq”
According to the China Securities Journal, the party secretary and director of the Guangdong Provincial Local Financial Supervision Administration, He Xiaojun, said at the "8th Lingnan Forum" that the Macao stock exchange plan has been reported to the central government, hoping to make the Macao stock exchange "off the renminbi offshore." Nasdaq of the market." He also revealed that the establishment of the Guangzhou Futures Exchange has been consulted by the department and is expected to be approved before the end of this year. It is understood that the first variety of the exchange will be carbon emissions futures. Since the beginning of this year, the favorable policies of Guangdong, Hong Kong and Macao Dawan District have been successively launched. The “Guangdong, Hong Kong and Macao Dawan District Development Plan” issued earlier, “Researching to establish a securities market with RMB denominated in Macao”, the construction of the Macao securities market will be Has received much attention.

Both Visa and MasterCard have withdrawn, and six institutions have officially announced their withdrawal from the Libra Association.

On October 11, the Financial Times reported that after PayPal, eBay and payment company Stripe had become the second and third official members to officially withdraw from Libra. MasterCard, which has been slammed out of the matter, has also officially issued a statement saying that it has decided not to join the Libra Association for the time being. In addition, Latin American payment company Mercado Pago also announced its withdrawal from the Libra Association, and Visa also announced its temporary withdrawal. So far, five founding members have withdrawn.

A spokesperson for eBay said eBay highly respected the vision of the Libra Association; but eBay decided not to continue as a founding member. Currently, eBay is committed to providing eBay's managed payment experience to its customers.

After several companies announced their withdrawal from Libra's management association, Libra project leader David Marcus issued a statement that respected Visa and MasterCard until the regulatory decision was made to advance Libra's decision. He is cautious about interpreting Libra's fate based on news that several companies have withdrawn from the Libra project.

Marcus said that in the short term, exiting the Libra project is not good news. There will be more news soon, so stay tuned. "This kind of change in scale is very difficult. When such a large amount of pressure is accumulating, you know that this is a good thing."

Morgan Stanson founder Anthony Pompliano said on Twitter that Visa and MasterCard have just withdrawn from the Libra Association. Political pressure is too great for companies to cope with. The decentralized, non-leadership model of Bitcoin is the only way to succeed in a non-sovereign global digital currency.

UNICEF launches UNICEF cryptocurrency fund
On October 9, according to Forbes, UNICEF launched the UNICEF cryptocurrency fund today (October 9) by Chris Fabian, head of its innovation office, and Christina Lomazzo, co-founder of the former Deloitte government blockchain business. It is reported that the fund can manage 1,000 Bitcoins and 10,000 Ethereum, and the fund will not convert crypto assets into US dollars or any legal currency.
US presidential candidate announces the release of token Math
On October 10, according to the official news of Yang Dividend, the US 2020 presidential Chinese candidate Yang Anze announced that he will issue the token Math, which means that MATH will become the first presidential campaign token. It is reported that his campaign organization has issued a smart contract address, and the contract shows that 3,141,592,653 MATHs have been issued. Yang Anze is a cryptocurrency enthusiast. In July 2018, Yang Anze announced the acceptance of Bitcoin, Ethereum and all ERC20 standard cryptocurrency donations for presidential campaigns.
Alipay and WeChat Pay reiterated ban on trading in cryptocurrencies

On October 10th, in response to the “Chong'an will support WeChat and Alipay as a channel for French currency recharge”, Alipay and WeChat issued a statement on the afternoon of the 10th and the evening respectively prohibiting the use of their payment instruments for virtual currency transactions.
The Alipay Security Center released a message in its official microblog, reaffirming its attitude towards virtual currency over-the-counter trading and prohibiting the use of Alipay for cryptocurrency transactions. Alipay said that if the transaction is found to involve bitcoin or other virtual currency transactions, Alipay will immediately stop the relevant payment service. For merchants involved in virtual currency transactions, they will be resolutely retired; for personal accounts suspected of virtual currency transactions, the account collection function will be restricted according to the circumstances, and even the payment measures will be permanently restricted. Followed by, WeChat payment said: "WeChat payment does not support virtual currency transactions, and has never opened virtual currency category business access. If any behavior that uses WeChat payment for virtual currency transactions is found, it will be cleared.
CME Group will push the bitcoin option business, and the Asia-Europe market will account for more than half of the trading volume.
On October 10, according to The Block, CME Group expects its upcoming bitcoin options business to be welcomed by Asian cryptocurrency dealers and miners.
Tim McCourt, global head of CME equity products and alternative investment products, said in an interview that the exchange hopes that bitcoin options will be as popular as bitcoin futures, and that Asian and European traders are expected to account for a large demand (50% of trading volume) the above).
Tim McCourt believes that with Bitcoin options, traders will be better able to manage their own risks. Bitcoin options can also benefit Bitcoin miners, who can use derivatives contracts to hedge production costs.
Jia Nan Zhi Zhi will be listed in the US on November 8 and will be valued at 2 billion to 3 billion US dollars.
On October 10, according to a screenshot from the network, the world's head mining machine manufacturer Jia Nan Zhizhi will be listed in the US in mid-November, with plans to issue new shares of 126 million and a valuation of 1.5 billion US dollars. It has been confirmed by relevant practitioners that Jianan Zhizhi will disclose the prospectus near the middle and late October, and will publicize the roadshow and subscription at the end of October. The specific time to market will be on November 8th (no later than November 25th).
This means that Jianan Zhizhi has become the first “mineral giant” to officially go to the US IPO among the three major domestic mineral machine manufacturers (the other two are Bitland and Yibang International), and Bitumen is also Prepare for the US IPO.
Related reading: Jia Nan Zhizhi's public secret: per capita annual salary of 660,000 sales mad earned 1.3 billion
Source : Bakkt is considering launching Bitcoin options
On October 11, several sources familiar with the Intercontinental Exchange product roadmap revealed that the exchange's cryptocurrency joint venture Bakkt is considering launching a derivative related to the bitcoin market. Bakkt hopes to enter the Bitcoin options business, which hopes to beat rival Chicago Mercantile Exchange. CME previously announced that it will launch Bitcoin options in the first quarter of 2020 and is currently awaiting review by regulators.
EOS announced version 2.0: performance increased 16 times, currency price rebounded to 3 dollars
EOS officially released the EOSIO 2.0 version on October 8. According to the official article, the new version of EOSIO will have more powerful performance, higher security and more developer tools. BM also released Twitter at the same time: The rc1 version of EOSIO 2.0 has been released, and if there are no major issues, this will be the final version.
The EOS team believes that the biggest bottleneck in the current blockchain development is the speed of execution of smart contracts. As the first blockchain software to use the WebAssembly (WASM) engine to improve performance, EOSIO has surpassed existing WASM technology, and EOS VM is its "built specifically for blockchain" solution. In EOSIO 2.0, the benchmark speed for running the EOS Mechanics WASM CPU will be 16 times faster than Binaryen in the EOSIO 1.0 release.
Ethereum Enterprise Alliance Announces Alliance Enterprise Token Incentive System
On October 9, the Ethereum Enterprise Alliance (EEA) recently announced new standards for companies based on the Ethereum business, as well as a token-based incentive system designed to inspire Ethereum member companies to work together.
It is reported that in this system, affiliates can earn, share and redeem token-based rewards. There are three types of corporate tokens: reputation, rewards, and punishment. Specifically, companies can be rewarded for activities such as specification editing and development, development, and code addition, while companies that lack contributions, do not complete work on time, and do not review are penalized. The new system uses Hyperleger Besu, an EEA-based enterprise to the Ethereum client. Hyperleger Besu is the first public-chain project in the Hyperleger family that supports the deployment of private environments in the Ethereum public network.
Bitwise Bitcoin ETF proposal rejected, official response
On October 10, the US Securities and Exchange Commission (SEC) rejected Bitwise's latest Bitcoin ETF proposal on Wednesday. In response, Bitwise officially responded: 1. Although we are unable to resolve SEC concerns within 240 days of review, we still provide more data and background information they need to illustrate our main results; 2. We are for this The progress of the industry is very happy, and I believe that as the encryption field continues to make more new research progress, the current concerns will be resolved.
The SEC announced that it rejected the ETF proposal submitted by Bitwise and NYSE Arca on the grounds that the proposal did not meet the legal requirements to prevent market manipulation or other illegal activities. To date, the US Securities and Exchange Commission has rejected all Bitcoin ETF applications on the grounds of market manipulation and fraudulent activity. Last month, VanEck took the initiative to withdraw the BTC ETF application. The US Securities and Exchange Commission stated that NYSE Arca has not met the requirements of the Exchange Act and the Commission's Working Rules and cannot prove that its proposal meets the requirements of Section 6(b)(5) of the Exchange Act, especially as A national stock exchange must have measures to prevent fraud and manipulation. Therefore, the SEC does not approve of this proposed rule change.

According to PANews statistics, a total of 10 blockchain financings were announced last week, with a total amount of over US$7.025 million (excluding projects that have not disclosed specific investment and financing amounts), involving communities, lending platforms, software, communications, public chains, and wallets. And so on.
DoraHacks Compliance STO completes the minimum financing target, and the fundraising amount has reached 150,000 US dollars
On October 12th, the Republic platform showed that the crowdfunding of the decentralized geek community DoraHacks complied with the US SEC's Reg CF (crowd funding) rule and became the first STO project to complete crowdfunding compliance. Currently, DoraHacks has completed a minimum financing target of $100,000 to $150,000. In the over-raising, most of the investors are American investors.
Nuo founder's new lending platform Juno completes $3 million seed round financing
According to TheBlock, the Ethereum lending platform Juno completed a $3 million seed round of financing aimed at using cryptocurrency and the Ethereum agreement to create a "digital banking" service platform, such as high-yield savings and debit cards. The round of financing includes participation by Polychain Capital, Sequoia Capital and Dragonfly Capital.
Blockchain company Iconloop completes $8 million Series A financing
According to official sources, blockchain company Iconloop has completed A round of 10 billion won ($8 million) in financing from seven investment institutions. It is reported that this is the first venture investment of Iconloop since its establishment in 2016. Companies such as Korea Technology Finance Corporation (KOTEC) and TS Investment participated in the investment. Iconloop plans to use the funds raised to launch its blockchain-based digital identity authentication service "my-ID."
Venture capital company Consensys provides $175,000 to seven open source software projects on the Ethereum network
According to Coindesk, venture capital firm Consensys provided $175,000 to seven open source software projects on the Ethereum network, including Ethereum software client Lighthouse, mobile decentralized application builder Alice, and Oracle network for offline data. Tellor et al. Daniela Osorio, global marketing director at Consensys, said the grant program aims to support under-resourced development areas that are indispensable for the Ethereum ecosystem, but not necessarily profitable.
Decentralized communications startup New Vector raises $8.5 million
On October 11, according to Cointelegraph, decentralized communications startup New Vector has raised $8.5 million to promote the application of the mainstream alternative messaging protocol Matrix. The Matrix protocol enables secure communication through end-to-end encrypted messaging applications such as Riot.IM, a replacement for WhatsApp, Telegram or Slack. The company will continue to expand its network with newly raised funds.
Lightning network development company ACINQ completed $8 million Series A financing, French investment bank Bpifrance
Lightning network development startup ACINQ completed a $8 million Series A round of financing, led by Idinvest Partners, including Senena and French investment bank Bpifrance. Nicholas Debok, managing director of Idinvest Partners, revealed that this is the venture capital's first investment in the bitcoin sector.
ACINQ is one of the three major lightning network development companies, and a new round of financing will be used to expand its Lightning Node operations and liquidity offerings. As of now, ACINQ has raised a total of $10 million in venture capital. ACINQ currently runs the largest lightning node on the network and supports more than 1000 channels.
NuCypher received $10.7 million in financing from Polychain, Bitcoin, etc.

On October 8th, the privacy public chain NuCypher issued a message on Twitter that it raised $10.7 million through the Future Token Simple Agreement (SAFT), led by Polychain Capital, Bitcoin, Bitfury, Y Combinator Continuity Fund, CoinFund, Continue Capital Hashed and several other institutions have voted.
NuCypher said that this round of investors bought its original value of NU$10.67 million, which is 8% of the initial supply. The investor also agreed to lock the token for two years, which means investors will be involved in pledge within two years. And operate the node. NuCypher co-founder and CEO MacLane Wilkison said that after the round of financing, NuCypher's total capital is about 15.825 million US dollars, and the network valuation has reached about 133 million US dollars.
Ripple Investment Division Xpring injects $750,000 into BDR Encryption Wallet
On October 12th, BDR Encrypted Wallet announced a strategic partnership with Rpple's investment division, Xpring, which will provide $750,000 in investments to support BDR's implementation of XRP ledgers. BDR Encryption Wallet is a digital asset wallet application that supports XRP ledgers.
Bread receives $750,000 in strategic investment, Xpring Investment
On October 12th, Bread received a strategic investment of $750,000 and Xpring invested. Bread is a wallet app that helps users store, send and receive bitcoin.
OKGold receives $30 million in angel round financing
Recently, OKGold ( received $30 million in Pre-A investment from well-known funds and investors such as Viking Capital, Schroders, FBG Capital, Franklin Templeton, and Hyperchain Capital. OKGold is a full-network, full-currency digital asset appreciation ecosystem developer, which includes a full-network full-currency spread trading system, intelligent strategy trading, digital value-added funds, a global smart electronic money gateway system, and a value distribution platform.
PA Weekly Seventy-seventh 10.7-10.13
Text | Zhou Wenyi Editor | Tong Source | PANews