PA Weekly Issue 87.16-12.22
Wen | Editing by Zhou Wenyi | Bi Tongtong Source | PANews
- Blockchain Weekly Report | 12 exchanges within 60 days are affected by strong supervision of virtual currencies; Shenzhen Stock Exchange 50 Index debuts
- Blockchain Weekly | Shanghai Supports Central Bank's Digital Currency Research Institute to Set Up Fintech Company in Shanghai
- Weekly News | Important economies have expressed their stance on digital currency, digital currency rebound resistance
- Weekly | FCoin incident continues to ferment, 12 listed companies disclose blockchain business
- Blockchain Weekly Report | Central Bank steadily advances fiat digital currency R & D in 2020; Zhanke sends open letter against Bitmain layoffs
- Blockchain Industry Weekly Report | Ministry of Industry and Information Technology: Guiding the Platform to Enhance New Technology Support Capabilities
Summary : Proximity regulators said that anyone providing illegal trading channels for domestic consumers will be severely punished no matter where they are registered; Singapore will open applications for crypto exchange licenses, and open application channels on January 28, 2020; Circle resells business, Kraken Acquired its OTC service desk Circle Trade; Hong Kong's first virtual bank, Zhongan Bank, conducted a trial operation, and three will appear in the first quarter of next year.
According to statistics from PANews, a total of 10 projects in the blockchain field announced last week with a total value of more than $ 247.6 million (excluding projects for which specific investment and financing amounts have not been disclosed) involve data analysis, stablecoins, exchanges, and payments. , Infrastructure, digital assets, and media.
o1 Close to regulators: Anyone who provides illegal trading channels for domestic consumers will be severely punished no matter where they are registered
According to the Beijing Business Daily, on December 18, regarding the news that "Shenzhen speeds up the rectification of virtual token transactions and 8 suspected currency issuers were interviewed", the Beijing Business Daily stated that the news was confirmed from various sources, of which, Some companies responded that they had cancelled the main body of domestic companies and moved to overseas, while others claimed that they did not involve the currency issuance business and only provided services.
Regarding this situation, an approaching regulator said that the current rectification of virtual tokens is still under high pressure. Regardless of whether the main body of the company is located at home or abroad, as long as it involves providing illegal trading channels for domestic consumers, it will be severely punished. In addition, not only the main body of the coin issuing enterprise, but also the companies that provide drainage, services and funding channels for overseas virtual token trading platforms should be cracked down.
According to the aforementioned person, "At present, the supervision is aimed at setting up servers overseas, but the provision of virtual token transactions to domestic residents is still being further strengthened, mainly through finding problems in payment settlement, cutting ports, and severely cracking down. Mainly nationwide The central bank takes the lead, and the specific local cleanup and rectification is carried out by the Financial Bureau, which conducts investigations in conjunction with public security and taxation. The overall principle is that any virtual token transaction is not allowed; any subsidiary behavior that cooperates with supporting virtual token transactions is also a Illegal, no matter how deformed, must be severely beaten.
PANews previously reported that on the morning of December 18, Shenzhen Mutual Gold Rectification Office held a special rectification meeting on virtual currency illegal activities. At the meeting, relevant departments jointly interviewed 8 "currency-related" companies. Relevant staff of the Shenzhen Financial Bureau responded by saying: "We conducted online troubleshooting in the early stage, and then conducted offline investigation through some other methods, but the company that has not been interviewed does not mean that it is OK. It does not mean that it must be problematic. This situation is still under further verification. "Later, the currency watch rumors said that the company mentioned in the" Notice of Meeting "looked at the current affiliate company, and the currency watch was cancelled after" 94 ". Domestic companies, currently registered mainly in Japan and Singapore, and operating entities overseas. Shenzhen Maiguoer Network Technology Co., Ltd. issued an announcement response on the same day on the App, and its business scope does not involve the areas of token issuance, sales, private placement, and trading.
o2 Secretary of the Shanghai Municipal Party Committee investigates Wanxiang and other companies' fintech business
On December 16, Li Qiang, Secretary of the Shanghai Municipal Party Committee, went to some fintech companies to conduct in-depth research on accelerating the construction of an international financial center. Li Qiang pointed out that in 2020, Shanghai will basically build an international financial center that is compatible with China's economic strength and the international status of the RMB. Now it has reached the final sprint stage. Take fintech as the key direction, firmly grasp the new trends in technology and industry development, actively seize the commanding heights of fintech development, accelerate the application of blockchain technology, focus on promoting the development of the payment industry, do a good job of risk management, and continuously improve the Shanghai International Financial Center. Global influence, competitiveness and visibility.
o3 Chen Yulu, deputy governor of the central bank: Global stablecoin will bring macroeconomic policy challenges in four aspects
On December 22, according to the Shanghai Securities News, Chen Yulu, deputy governor of the People's Bank of China, said that more and more central banks and monetary authorities began to pay attention to the challenges of public policies such as currency stability, capital control, and payment system supervision. .
The first is the impact on the payment system. The use of stablecoin may bring two challenges. On the one hand, stablecoins have great potential in reducing payment costs, but their transaction and payment information is independent of the existing payment system, and it will also bring challenges to the supervision of central banks and monetary authorities. On the other hand, the stable currency issuance mechanism is different from the central bank's currency issuance mechanism. Under the current balance sheet mechanism, whether it can fully assume the function of payment settlement is uncertain.
The second is the impact on financial stability. The stablecoin may weaken the effect of capital controls and affect domestic financial stability.
The third is the impact on monetary policy. The global stablecoin will impact the currency sovereignty of a country.
The fourth is the impact on the international monetary system. The international use of stablecoins, especially those that are anchored or mainly anchored to the US dollar, may further strengthen the dominant position of the US dollar in the international monetary system and curb the development of the multipolar international currency system, including the internationalization of the RMB.
o4 Shanghai financial supervision legislation: local financial management authorities have the right to enter relevant units to conduct extended investigations
On December 17, according to Shangguan News, the "Shanghai Municipal Financial Supervision Regulations (Draft)" was submitted to the 16th Session of the Standing Committee of the 15th People's Congress for the first time for deliberation. The current legislation nested administrative coercive measures such as "sealing places and facilities" and "sealing and seizing property" into on-site inspections, giving local financial management authorities the right to enter relevant units to conduct extended investigations. The Regulations (Draft) set a market exit mechanism. At the same time, clear behavioral bottom line. "The act of absorbing or depositing public deposits on the fund side" and the "proprietary or fiduciary lending and fiduciary investment on the asset side" are strictly prohibited.
o5 Central Bank Vice President Pan Gongsheng: Public-oriented financial activities must be strictly regulated regardless of whether they are in the name of technology
On December 17, Pan Gongsheng, the deputy governor of the central bank and the director of the foreign exchange bureau, stated in a written speech at the Third China Internet Finance Forum that technology-driven financial innovation has a very significant positive effect on improving the coverage and efficiency of China's financial services. However, in the rapid development, some industry innovations are deviating, the employment agencies are not the same, the industry ecology is deteriorating, and the risks continue to accumulate and expand. To this end, Pan Gongsheng proposed two insistences. We must adhere to the fundamental purpose of serving the real economy and the basic bottom line for preventing financial risks.
In the process of preventing financial risks, when setting up a financial institution and engaging in financial business, it is necessary to accept access management according to law, implement functional supervision, maintain fairness in supervision, and determine the substance of the business in accordance with the principle of substance over form. As long as the business is essentially the same, it is necessary to adopt a consistent policy orientation and regulatory rules. Protect the interests of investors without the ability to identify risks, and keep the people's money bags. Public-facing financial activities, whether under the name of technology or not, must be strictly regulated.
o6 Singapore opens application for crypto exchange licenses, application channels open on January 28, 2020
On December 20, the Monetary Authority of Singapore (MAS) announced that it would officially implement the Payment Service Act from January 28, 2020. All exchanges must submit application filing documents from January 28, 2020 to February 27, 2020. MAS has clearly stated that it will not accept any overdue applications.
At the same time, MAS also published the latest "Payment Service Provider License Application Guide" ("New Guide") on its official website and uploaded a total of 4 sample license application forms. The bill has made Singapore one of the few countries with clear regulation of the digital currency business. Under this new bill: all digital currency exchanges, wallets and OTC platforms are service providers related to payment tokens (including BTC, ETH, etc.), and must meet relevant anti-money laundering regulations and apply for corresponding licenses to operate in compliance .
o7SEC proposes relaxation of assessment criteria for "qualified investors"
On December 18, the SEC issued a statement proposing to allow more investors to enter private companies to ease market access. The current criteria for qualifying investors consider only one person's income and net worth. The newly proposed amendment is intended to add a new category of assessment to investors with professional knowledge, experience or relevant certificates to relax market access. The proposal will undergo a 60-day public comment period. As soon as the news came out, the proposal caught the attention of the cryptocurrency field.
The Block analyzed that the proposed amendment would expand access to certain cryptocurrency-related financial products, which are only available to qualified investors in the United States. Grayscale's Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, and other funds, Bitwise's Private Index Fund, and Galaxy Digital's Bitcoin Fund are all limited to qualified investors. In addition, Morgan Creek Digital co-founder Anthony Pompliano said it was a step in the right direction.
o8 French Financial Markets Authority approves the country's first application for an ICO
According to Finance Magnates, the French financial regulator, the Financial Markets Authority (AMF), approved the country's first application for an initial coin offering (ICO) on December 19. According to the announcement page of the AMF website, a product provided by a company called French-ICO has developed a platform for funding cryptocurrency projects, and the product was whitelisted for the first time. AMF explained that it only approves the ICO proposal, not the issuer of the tokens, and that AMF approvals in no way constitute an assessment of whether to participate in the token sale.
o1Circle resells business, exchange Kraken acquires OTC help desk Circle Trade
On December 18, the crypto exchange Kraken announced the acquisition of Circle Trade, one of the industry's well-known OTC service platforms. According to the announcement, Kraken's OTC OTC business will be led by Wall Street veteran Nelson Minier. After the acquisition, OTC platform operators will be expanded to more than 20.
According to The Block, sources said that Circle has been looking for buyers for its OTC platform since this summer. Circle's OTC platform had a nominal transaction volume of $ 24 billion in 2018. In March of this year, Circle laid off about 30 people in its finance department (about 10% of its total workforce), which Circle attributed to the challenging regulatory environment in the United States. Its off-site business has also been affected by brain drain, including its former OTC director Ryan Salame.
PANews previously reported that Circle has announced the suspension of Circle Research and the application Circle Pay. In early 2018, Circle acquired Poloniex, one of the world's largest digital currency exchanges at the time, for $ 400 million, but in October of this year, the exchange Poloniex was spun off from Circle and taken over by an Asian company named Polo Digital Assets, Ltd. Operations.
o2 Authoritative standards for the first national blockchain job capability requirements officially released
According to the Securities Daily, on December 20, the Ministry of Industry and Information Technology Talent Exchange Center, as a directly-affiliated institution in charge of talent research, talent standards, talent training, talent evaluation, talent services, and international cooperation, was officially released "Blockchain industry talents job capacity requirements" standard, this is the country's first authoritative standard for blockchain job capacity requirements. This standard proposes three types of talents for the core research and development positions, practical technology positions, and industry application positions of the blockchain, with a total of 21 specific job requirements. The deep integration and development with education will help the ecological construction of the blockchain industry. Expert think tanks are also launched simultaneously. The introduction of talent standards and the construction of expert think tanks will definitely accelerate the development of talents in the blockchain industry, promote the establishment of a talent cultivation system for the blockchain industry, and promote the formation of a talented ecosystem of benign interactions among all subjects.
o3 Hong Kong's first virtual bank, Zhongan Bank, will open for trial operation in the first quarter of next year
According to the Hong Kong East Network report, on December 18, ZA Bank announced that it will start a trial operation and will be the first to launch experience services to 2,000 Hong Kong users. The trial will be conducted in a fintech regulatory sandbox overseen by the Hong Kong Monetary Authority. ZhongAn Bank is a wholly-owned subsidiary of ZhongAn Technology (International) Group Co., Ltd. and is one of the first virtual banks to be licensed by the Hong Kong Monetary Authority. Another source revealed that about three will launch their business in the first quarter of next year, and by the first half of next year, the first eight banks to obtain licenses will all open.
According to the trial arrangement, Zhongan will launch its business through a "sandbox" approach, that is, to use the flexible testing ground provided by the HKMA to test new services. In the early days, Zhong Anhui served the first batch of invited retail customers in Hong Kong and prepared opinions for selected customers by preparing for official opening. The initial services provided include online banking services such as remote account opening, multi-currency savings accounts, time deposits, local transfers, and electronic statement services. ZhongAn disclosed that the initial investment scale was about 1.6 billion yuan.
Since March 27, 2019, the Hong Kong Monetary Authority has issued eight virtual banking licenses, including LiviVBLimited, Zhongan Virtual Finance Co., Ltd., a subsidiary of Zhongan Online, SC digital Solutions Limited, Welab Digital Limited (WDL), and Ant Merchant Services. (Hong Kong) Co., Ltd. (owned by Ant Financial Services), Ping An One Account Co., Ltd., Insight Financial Technology Co., Ltd., and Yifeng Co., Ltd.
o4 South Korea's largest telecommunications company KT issues coins, which will be officially launched on December 30
On December 20, according to Cointelegraph, South Korea's largest telecommunications company KT announced that it will launch a local blockchain cryptocurrency, Dongbaekjeon, in Busan, one of the country's largest cities, and it will be officially launched on December 30. Users can apply for and recharge at the Dongbaekjeon mobile app, HANA Bank, and Busan Bank, and use it at any store in Busan that has a credit card terminal, but use is restricted in department stores, large supermarkets, and private businesses. It is reported that KT and Busan will issue Dongbaekjeon worth USD 260 million each year, and users who use Dongbaekjeon will receive 6% cash back of the digital currency each year.
Previously, the Busan government had signed an agreement with KT to develop digital currency and digital payment systems for local stores to encourage the use of blockchain technology. The forthcoming Dongbaekjeon is a card-type local currency issued by the city of Busan to revitalize the local economy of Busan and reduce the management burden on small businesses.
O5 billion was reported by a subsidiary of a listed company, responding that the latter maliciously reported to avoid arrears
On December 20, according to the Science and Technology Board Daily, Zhongying Interconnect announced that Zhejiang Yibang and Yunnan Yibang were suspected of contract fraud in a sales contract dispute with their subsidiary Cailiang Technology, which had been submitted to Beijing Chaoyang Public Security Branch. Criminal report materials have been filed by the police and are currently under investigation.
On the night of the announcement, Yibang responded to reporters that recently, Yunnan Yibang and Zhejiang Yibang reported to the Securities Regulatory Commission, Jiangsu Securities Regulatory Bureau, and Shenzhen Stock Exchange in accordance with the law. Zhongying Internet, as a listed company, has serious misrepresentation of the letter and suspected violations of laws and regulations The report materials have been accepted by the aforementioned departments according to law. At the same time, Zhejiang Yibang and Yunnan Yibang have provided relevant materials for this case in accordance with the requirements of Beijing Chaoyang Public Security Organs. No personnel were taken away by the public security investigation, production operations and personnel stability were not adversely affected by this incident.
It is reported that Cailiang Technology has previously submitted criminal report materials to the Chaoyang Branch of the Beijing Public Security Bureau. The Chaoyang Branch of the Beijing Public Security Bureau issued a "Receipt of Acceptance" on October 18, 2019. Cailiang Technology has received the Beijing Public Security Bureau. “Notice of Initiating a Case” issued by Chaoyang Branch on December 17, 2019. Chaoyang Branch of Beijing Public Security Bureau has initiated investigations into Zhejiang Yibang and Yunnan Yibang for contract fraud. The case is still under investigation. The company will perform its information disclosure obligations in a timely manner based on the progress of the case. Investors are invited to pay attention to the company's subsequent announcements.
Yibang International, which belongs to Zhejiang Yibang, is one of the three major domestic bitcoin miner manufacturers. It was initially engaged in the production and development of communication network access equipment. In 2015, it was listed on the New Third Board with "Zhejiang Yibang". After delisting in March 2018, Seeking the listing of Hong Kong stocks. After attempting, they turned to the US stock market and are currently preparing for listing.
o6 Foreign media: Libra has been enabled within Facebook, other founding companies have not paid membership fees
On December 19, Tencent Technology cited foreign media reports that Facebook had already enabled Libra internally. However, Libra's official operating agency, the Libra Association, is still funded by Facebook, and other founding companies have not paid membership fees.
Sources revealed that founding members of the Libra Association, including Uber, Spotify, and Coinbase, have not yet paid a minimum membership fee of $ 10 million to the association. It is speculated that Libra is concerned about whether it can successfully start as a founding member through supervision.
In addition, Facebook employees have enabled Libra, but due to the lack of fiat currency reserves, Libra has only been recorded in the "test network" for small-scale applications. Calibra is developing Libra digital wallets and other services. In the development team, if employees are late for meetings, Libra will be fined. "I'm often late, so I've been penalizing money," Kevin Weale, vice president of products at Calibra, told the media.
o7 VeChain attacked by hackers: 469 hacker-associated addresses have been blocked and a total of about 727 million VETs have been frozen
On December 22, VeChain Fund disclosed the progress of the theft of 1.1 billion VET tokens in the repurchase address: the theft of the repo address has been effectively controlled. Super-stakeholder nodes have blocked 469 thief-related addresses in the blacklist, thereby freezing a total of about 727 million VET. VeChain said: "At present, the super-stakeholder nodes have blocked 469 thief-related addresses in the blacklist, thereby freezing a total of about 727 million VET.
At the same time, we are continuing to cooperate with the exchange to recover as much of the stolen digital assets that have flowed into the exchange as possible. "In addition, the VeChain Foundation will launch a voting on all relevant stakeholders for this special event in accordance with the latest governance model in effect. This vote is about whether to agree to permanently write the blacklist into VeChainThor Blockchain. After that, 469 addresses on the blacklist will be permanently locked (corresponding to 727 million VETs on the address will be destroyed and permanently subtracted from the total supply and circulation).
On December 13, the VeChain Foundation repurchased wallet suffered a hacker attack and lost 1.1 billion VET tokens. According to the investigation, the reason for the attack was that the internal financial staff of VeChain Foundation did not strictly adhere to the standard financial security procedures established by the foundation when creating the repo address. On December 18, the development team released the VeChainThor Blockchain v1.1.5 version. All super-stakeholder nodes can choose to complete the version upgrade to temporarily block the thief addresses in the blacklist. Affected by this, Zhang Jie, the head of the VeChain Foundation's Operation Committee, will step down as the chief financial officer and be temporarily replaced by the chief financial officer.
o8NULS The stolen 2 million NULS tokens have flowed into the exchange, and the team decided to conduct a hard fork
On December 22, according to the announcement issued by NULS, due to a security vulnerability in the bottom layer of NULS 2.2, the NULS team account was hacked, and the hacker transferred 2,000,000 NULS from the NULS team account. Among them, 54853.34696095NULS has flowed into the trading market and cannot be traced. The security vulnerability has now been fixed.
The NULS team decided to perform a hard fork at a height of 878,000. After the hard fork, 1451645.65303905NULS that has not entered the trading market will be destroyed in a permanent freeze to prevent further inflows into the market. The official said that the team is preparing a hard fork procedure and has contacted the exchange to release a new version as soon as possible.
o9 Alibaba obtains two blockchain patents in the United States
On December 20, according to CoinDesk, Chinese Internet giant Alibaba Group obtained two U.S. patents aimed at making its blockchain network more secure and faster. One of the patents aims to reduce the time required to verify block data, while the other patent aims to help participants set a validity period for transactions in the blockchain network.
In addition, on December 17, the first automatic payment of the Alibaba On-chain Charity Program was successful in the new future high school student project. It is reported that based on the automatic payment system, the foundation introduced the beneficiary list into the system and reviewed it with the financial system. The beneficiary student confirmed his identity through Alipay and his online signature could complete the receipt. The system will automatically retrieve the intelligence stored on the blockchain The contract will send the money directly to the beneficiary's account without the need for multiple rounds of rotation. The relevant information is recorded on the blockchain at the same time and cannot be tampered with.
10Taobao launches blockchain technology product categoryBlockchain hardware wallet vendors have settled
On December 19, Bitcoin wallet hardware wallet "Bitpie Wallet" tweeted that its hardware wallet has been settled in Taobao for sale. According to the screenshots it released, Taobao has now launched the blockchain technology product category.
The Bitpie Wallet team stated that the addition of the "Blockchain Technology Products" category can make it easier for digital currency wallet developers to list hardware wallets, and ordinary users can more easily find and purchase corresponding hardware wallet products on Taobao.
Previously, Taobao once blocked digital products and derivative services based on blockchain technology. In April 2018, Taobao officially issued a notice on the interpretation of changes to virtual currency commodity rules in the "Taobao Banned Goods Management Regulations". The change will take effect on April 17, 2018. It is reported that in this change, the "Specifications" clarified the scope of definition of virtual currency generation, and increased the control of derivative services for digital products generated based on blockchain technology.
According to the announcement, the change in the embargo has changed from “Internet virtual currencies such as Bitcoin and Litecoin and related commodities” to “digital products and derivative services such as virtual currencies generated based on blockchain technology”. In addition, Taobao also clearly pointed out that such digital currencies and similar digital products are extremely prone to user speculation and risk of illegal financing and fundraising, and any institution must not provide them with services such as trading, exchange, pricing, intermediary, and payment.
11Huobi Technology switched from profit to loss in fiscal 2019, and annual operating income fell 9.6% year-on-year
On December 18, according to the Caihua News Agency, Huobi Technology (formerly known as: Tongcheng Holdings) recently released its annual financial report as of September 30, 2019. According to the financial report, as of September 30, 2019, Huobi's full-year operating income fell 9.6% year-on-year to HK $ 312 million; net profit attributable to shareholders was HK $ 6.076 million, compared with a profit of HK $ 6.591 million in the same period last year; Loss of 1.889 HK cents. In addition, Huobi Technology has 672 employees in its fiscal year 2019, which is 139 fewer employees and about 17% lower than last year's 811 employees.
At present, Huobi Technology's main businesses include energy-related and electric and electronic products, and technology solutions. Among them, energy related and electric and electronic products are the main businesses of Tongcheng Holdings, the predecessor of Huobi Technology. In FY 2019, this segment achieved revenue of HK $ 310 million, a year-on-year decrease of 10.3%. Huobi Technology said that the decrease was mainly due to the weak trading environment of the sales regional market and customer base, especially the revenue from the largest customers decreased by 6.4%.
12 Report: Global Energy Utility Blockchain Market Scale Will Exceed $ 1.56 Billion By the End of 2026
On December 17, according to Globenowswire, according to the "Blockchain in Energy Utilities" report released by Fortune Business Insights, due to the increased promotion of green energy, the global energy utility blockchain market size is expected to increase by the end of 2026. Reached $ 1,566.4 million, with a compound annual growth rate of 37.6% from 2018 to 2026.
The report sorts out aspects such as share, industry analysis, products, deployment and regional forecasts (2019-2026). The major companies involved in the blockchain in the energy utility market research report are IBM, Greeneum, Oracle, Microsoft, EnergiMine, Accenture PLC, and Infosys Limited.
The report also pointed out that at present, the Asia-Pacific region is regarded as a hot spot for blockchain energy applications. More and more utility companies are conducting pilot projects, the government is experimenting with blockchain, and the market is opening up. The Asia-Pacific region is expected to become an ideal place for blockchain energy applications. Latin America, the Middle East, and Africa are expected to achieve solid growth over the forecast period.
According to statistics from PANews, a total of 10 projects in the blockchain field announced last week with a total value of more than $ 247.6 million (excluding projects for which specific investment and financing amounts have not been disclosed) involve data analysis, stablecoins, exchanges, payments , Infrastructure, digital assets, and media.
o1ZenLedger secures $ 3.4 million in seed round strategic funding, led by Vestigo Venture
On December 18, according to PRWeb reports, ZenLedger.io, a cryptocurrency tax analysis and blockchain analysis startup, announced that it had secured $ 3.4 million in seed round strategic funding. Vestigo Venture led the investment, with Gumi Cryptos, Castle Island Ventures, Unblock Ventures and Migration Capital participating.
ZenLedger.io is a cryptocurrency tax analysis and blockchain analysis service provider in the United States. It can provide tax tools for cryptocurrency investors and accountants with financial and tax reports, financial reports, donation reports, and settlement reports.
o2MakerDAO Foundation announces completion of $ 27.5 million in financing, with investors Dragonfly Capital and Paradigm
On December 19, MakerDAO issued an announcement, announcing that the MakerDAO Foundation had completed $ 27.5 million in financing, accounting for 5.5% of the total MKR. The investors were Dragonfly Capital Partners and Paradigm. It is reported that the financing will greatly help MakerDAO actively expand the Asian market. Among them, investors Dragonfly and Paradigm will participate in the decentralized governance of the akerDAO agreement and provide MakerDAO with its resources in Asia.
According to Rune Christensen, CEO of the MakerDAO Foundation, MakerDAO will expand to more wallets, platforms and exchanges in China and Asia next. In view of the popularity of USDT in the Chinese market, MakerDAO will provide sufficient liquidity for USDT and Dai transactions in the Chinese market. Exchanges between USDT and Dai can be easily held. Users can exchange USDT to Dai afterwards. Earn DSR gains.
o3 Binance Strategic Investment Derivatives Exchange FTX and listed its tokens, no announced investment amount
On December 20, according to an official announcement, Binance announced that it has completed its strategic investment in FTX. Binance has now launched FTX tokens and opened FTT / BNB, FTT / BTC, FTT / USDT trading pairs. Binance stated that the listing fee for FTT was 0BNB. Binance has obtained a portion of FTT tokens from its investment in FTX. Most of these FTT lock-up periods are two years.
FTX founder and CEO Sam Bankman-Fried said: "This investment will help FTX to grow while FTX will remain independent." In contrast, FTX will help develop Binance products, especially Binance.com. And Binance OTC platform. The FTX exchange was established in spring 2019 and was incubated by digital asset research company Alameda Research. FTX provides over-the-counter trading, futures and other trading services. In August this year, FTX completed a $ 8 million seed round of financing.
o4Ripple secures US $ 200 million in Series C funding, with Japanese financial giant SBI participating
On December 20, Ripple officially announced that it had received $ 200 million in Series C financing. This round of financing was led by Tetragon, followed by SBI Holdings and Route 66 Ventures. Ripple also announced a new plan for its Xpring product to become an open development platform where developers can use platform tools to use XRP services.
Japanese financial giant SBI has participated in Ripple's Series B financing. In October 2018, Ripple completed $ 55 million in Series B financing. Leading investors include Standard Chartered Bank, Accenture Venture Capital, Standard Chartered Digital Ventures, Siam Commercial Bank, and SBI Holdings' venture capital arm. Other investors include Santan. Deutsche Bank InnoVentures, CME Venture, Seagate Technology, and Venture 51.
o5Alchemy completes $ 15 million in Series A financing, and many well-known institutions and individuals such as Samsung participate
On December 18, according to official news, blockchain infrastructure and development tool provider Alchemy completed a $ 15 million Series A financing, led by Pantera Capital. Participating institutions / individuals also include Stanford University, Coinbase, Mayfield, SignalFire, Samsung , StartX, Kenetic, Dreamers, and other well-known individual investors who participated in the investment, including the founder of Schwab Financial Group, Google Chairman John Hennessy, LinkedIn founder Reid Hoffman, former CEO of Thomson Reuters Tom Glocer, Yahoo Yahoo founder Yang Zhiyuan and others. It is reported that this round of financing will be used to expand overseas markets. In addition, Alchemy announced the launch of an infrastructure platform that enables businesses to easily build real-world applications on the blockchain.
Alchemy was founded in 2017 by Nikil Viswanathan and Joe Lau and is a provider of blockchain infrastructure and developer tools. Alchemy currently provides infrastructure for hundreds of companies / projects, including Augur, 0x, Cryptokitties, Kyber, and Opera browsers.
o6 US digital asset finance company Tassat receives investment from Gumi Cryptos and HashKey, the exact amount has not been disclosed
On December 17, according to BuinessWire, digital asset fintech company Tassat in New York, USA announced that it had received investments from Asian strategic investors gumi Cryptos Capital and HashKey Capital, and no specific investment amount has been disclosed. According to reports, the investment will support Tassat's expansion of its Asian market, accelerating banks' adoption of blockchain-based infrastructure solutions, including institutional solutions such as fast interbank payments and real-time treasury asset and liability management.
o7 New Zealand ASB Bank invests $ 1.7 million in blockchain startup TradeWindow
On December 16, according to Theblock news, New Zealand's ASB Bank announced that it would provide 2.67 million New Zealand dollars (about 1.7 million US dollars) in seed financing for the startup TradeWindow on the blockchain trade financing platform. It is reported that this is ASB's second investment in this startup and currently owns a total of 21% of the company.
o8Monspace strategic investment in Bicc currency exchange
On December 22, according to official news, MONSPACE Malaysia announced a strategic investment in the Bicc currency exchange, and will bring 50 million users of the MONSPACE platform to support the development of the Bicc platform. Malaysia's MONSPACE Group's business spans eight major areas of telecommunications, real estate, technology, finance, entertainment, aviation, hotels, and the catering industry. It is a comprehensive business group in Southeast Asia. Registered in Singapore, the Bicc Currency Exchange is a community co-governance digital asset trading platform. At present, the average daily transaction volume is about 400 million US dollars, ranking in the top 50 in the world. This time the two parties will cooperate in many aspects such as private domain traffic, community nodes, digital currency and offline business scenarios, and jointly build an ecosystem of high-quality digital asset trading and offline scenario services in Southeast Asia.
o9 Hong Kong senior investment expert Zhu Gongzi acquires Seoul Street
On December 21, Zhu Gongzi, a senior investment expert in Hong Kong, reached a consensus with Coin Street, acquiring a large amount of Hong Kong cryptocurrency media company, Coin Street, and serving as the company's chief executive. After the revision, the latest news, live broadcasts, newsletters, interviews with celebrities, and expert analysis will be integrated.
10Blockchain Media Hongchain Finance completed a million-level angel round of financing, led by Zhejiang Liuhe Technology
According to the December 23 report from Ostrich Finance, the blockchain media Hongchain Finance has recently completed an angel round of financing of several million yuan, led by Zhejiang Liuhe Technology Group. Hong Mu Finance founder Zi Mu said that the financing will be used for product development and team building. According to official information, Hongchain Finance was established in June 2018, and is an information service platform focusing on the blockchain field.