Blockchain Weekly | Shanghai Supports Central Bank's Digital Currency Research Institute to Set Up Fintech Company in Shanghai

PA Weekly 91 Issue 1.13-1.19

Text | Edited by Zhou Wenyi | Produced by Bi Tongtong | PANews Public Account Backstage Reply "Draw" to Send Bitcoin Benefits

Overview: SEC Announcement: IEO may violate federal securities laws, and participation in IEO is at risk; Shanghai: Supports the establishment of a fintech company in Shanghai by the Digital Currency Research Institute of the People's Bank of China; the first day trading volume of CME Group's bitcoin options products is USD 2.19 million, exceeding Bakkt First day; report: In 2019, the number of addresses on the Bitcoin chain increased by 24.72% throughout the year, and the total transaction fee on the chain reached $ 156 million.

According to PANews statistics, 10 blockchain project financings and 5 mergers and acquisitions were announced last week, involving a total amount of more than US $ 5,315 million (excluding projects that have not disclosed specific investment and financing amounts), involving password management, Crypto asset services, exchanges, technical services, infrastructure, and cyber security.

o1SEC Announcement: IEO may violate federal securities laws, participation in IEO is risky

On January 14, the United States Securities and Exchange Commission (SEC) issued an announcement alerting the risks involved in participating in the IEO. The announcement emphasizes: "Investors must be cautious when considering investing in IEO." The SEC states that IEO may violate federal securities laws and lack investor protection for registration and tax-exempt securities issuance.

Public warnings indicate that IEO is touted as an innovation of ICO, with online trading platforms directly providing companies with instant trading opportunities for digital assets. But these online trading platforms are usually not registered with the SEC and may be inappropriately referred to as "exchanges." Investors should pay particular attention to whether the sponsors of the IEO have indicated that they have obtained regulatory approval, because such products may be enticed to investors by misleading statements and promising false high returns.

The SEC states that, as with ICOs, IEO offerings may involve the issuance and sale of securities based on the facts and circumstances of the offering. This means that IEO may have to comply with the registration requirements applicable to issuance under federal securities laws. Among other things, registration means that companies that provide digital assets must provide investors with important information about themselves, their business, the digital assets provided, and the terms of issue.

o2 revive petroleum coins? Venezuelan President says 50,000 barrels of oil will be paid in petroleum coins daily

According to Bloomberg, Venezuelan President Nicolas Maduro pledged at a constitutional conference on the 14th to revive Petro Coin. Maduro said that Venezuela ’s state-owned company Venezuela Petroleum will conduct “tentative sales” of 50,000 barrels of oil per day through petroleum coins, and will then consider expanding the application of petroleum coins to national oil transactions. In addition, in the future, taxes and utilities will be paid by petroleum coins.

Nicolas Maduro said: "We are opening the way to the new economy, which will stereotype and stubborn bureaucracy. This crisis has stimulated our innovation momentum, taking the path we have not gone through, and seeking rebirth in the unknown. . "

It is reported that the petroleum coin is a cryptocurrency launched to restore Venezuela's national economy. It was issued by the government in 2017 at a high profile. Petroleum coins can bypass US economic sanctions and allow Venezuela to reconnect with international capital markets. Although the Central Bank of Venezuela routinely publishes the exchange rate of petroleum currency to RMB and other currencies, and the country's commodity market is also priced by petroleum currency, since the issue of petroleum currency, the market response has been flat, and most people don't even know where to buy petroleum currency .

o3 Shanghai: Support the establishment of the fintech company in Shanghai by the Digital Currency Research Institute of the People's Bank of China

According to a report by Sina Finance on the 15th, Shanghai issued the "Implementation Plan for Accelerating the Construction of Shanghai Fintech Center", which will be implemented on February 1, 2020. The "Implementation Plan" proposes 25 innovative measures from the aspects of emerging technology research and development, fintech application, regulatory innovation pilots, and introduction of scientific and technological talents, and strives to build Shanghai into a globally competitive fintech center within 5 years. Among them, it was mentioned in the “Key Tasks” of the plan to actively support the establishment of a fintech company in Shanghai by the Digital Currency Research Institute of the People's Bank of China.

The plan states that it promotes the research on the bottom and frontier technology of blockchain with independent intellectual property rights and performance testing, and promotes the innovation of key blockchain technologies suitable for the financial field. Actively support the establishment of a fintech company in Shanghai by the Digital Currency Research Institute of the People's Bank of China. Encourage the development of technologies such as smart contracts, distributed storage, and biometrics that serve asset management, credit financing, and supply chain finance.

In terms of blockchain technology, the plan also proposes specific directions, for example, using blockchain technology to accelerate the digital construction of the entire process of bill transactions; encouraging the exploration of innovative applications of blockchain technology in the insurance industry, and promoting underwriting, underwriting, and Service process and model innovation in the areas of damages and claims.

It is reported that in October 2019, the Shanghai Headquarters of the People's Bank of China issued the Guiding Opinions on Promoting the Development of Fintech and Supporting the Construction of Shanghai's Fintech Center, and proposed 40 guidance opinions from eight aspects to promote the joint development of Shanghai International Financial Center and Science and Technology Innovation Center .

o4 Uzbekistan announces the establishment of a "national mining pool" and will launch the first approved cryptocurrency exchange next week

On January 16, according to Bitcoin.com, in order to consolidate the cryptocurrency mining capacity in Uzbekistan, the Uzbekistan government agency National Projects Administration (NAPM) disclosed a number of measures in its 2020 plan. The establishment of the national mining pool is One of NAPM's measures. NAPM believes that the establishment of a national mining pool can ensure economic efficiency, increase the transparency and security of cryptocurrency mining in the country, and improve the efficiency of cryptocurrency mining and attract foreign investors. In addition to establishing a national mining pool, Uzbekistan will launch the first approved cryptocurrency exchange next week so that mining companies can circulate cryptocurrency to the market.

According to local media reports, Uzbekistan authorities have previously introduced related measures that have made the country's crypto mining costs too high. Among them, the order issued by NAPM in early December only allowed citizens of Uzbekistan to conduct cryptocurrency transactions on the country's licensed exchanges and restricted other trading channels. Another government decree requires miners to pay three times the normal price of the energy they consume, but in fact any price increase that exceeds the normal tariff by 1.7 times will make miners unprofitable.

With the establishment of the national mining pool, this market environment may change. In addition, NAPM plans to allow members of national mining pools to pay standard rates and charge high prices to non-participating companies. "I think this will be one of the main measures to encourage people to participate in the conference," said NAPM Deputy Director Vyacheslav Pak. Currently, NAPM is working with other agencies in the country to prepare a draft decree on new mining pools, which will be announced shortly in the future. .

o5 Securities Regulatory Commission: Further enhance the effectiveness of supervision and actively explore the application of innovative financial technologies such as blockchain

From January 16th to 17th, the 2020 SFC System Working Conference was held in Beijing. The meeting proposed that science and technology supervision be used as the support to further enhance the effectiveness of supervision. Promote the construction of basic scientific and technological capabilities for supervision and accelerate the establishment of a new supervision model. Strengthen the supervision of the technology of the securities and futures industry, and promote the promotion of the level of technological development of the industry. Actively explore the application of innovative financial technologies such as blockchain. In addition, the reform of the registration system with information disclosure as the core was steadily advanced. Efforts will be made to run the science and technology board well, and support and encourage more "hard technology" companies to go public.

o6 Malaysia Stock Exchange authorized to raise funds through the IEO platform, with a limit of US $ 24.5 million

The Malaysian Securities Commission (SC) announced detailed guidelines for the digital asset industry on January 15, authorizing the sale of tokens through IEO. According to the regulator, an ICO is an innovative business proposal aimed at raising capital without selling equity or borrowing money before it can be raised through venture capitalists or lenders. According to Finance Magnates, the Malaysian Securities Commission (SC) released detailed guidelines for the digital asset industry on Wednesday, authorizing the sale of tokens through IEO. According to the regulator, an ICO is an innovative business proposal aimed at raising capital without selling equity or borrowing money before it can be raised through venture capitalists or lenders.

In addition to the mandatory sale of tokens on the IEO platform, SC also set a cap on the maximum funds that IEO can raise: the maximum ICO limit is RM100 million (about 24.5 million US dollars), but there is no Restrictions, which means that blockchain companies can get funds from retail, professional and angel investors. After the token issuance, SC will also supervise the use of funds obtained after the issuance.

o7 Japan ’s Financial Services Agency: Registration must be made in advance for cryptocurrency derivative transactions

According to JP. Cointelegraph, on January 14, the Financial Services Agency of Japan (FSA) announced a series of amendments to the "Fund Closing Algorithm". Among them, the adjustment of the system related to virtual currencies is the core of this amendment. According to reports, the bill changes a series of notifications before the registration of crypto asset exchanges, and lowers the transaction threshold that needs to be confirmed when trading. In addition, the bill adds relevant regulations on cryptocurrency derivative transactions and financing transactions. It stipulates that in order to conduct such financial instrument business, an application for registration must be made in advance, and relevant business content and methods must be reported in time.

o1 degree Xiaoman, JD, UnionPay and other institutional projects enter the Beijing Financial Bureau supervision sandbox

On January 14, according to the Science and Technology Board Daily, the Beijing Financial Bureau will release a regulatory sandbox report recently. Among them, China UnionPay, Bank of China, China Everbright Bank, and Du Xiaoman Financial, Meituan, JD.com, Suning Projects such as its payment platform were selected as the "Account Information Protection Based on Token2.0 Standard" project.

It is understood that this project has nothing to do with the blockchain. It is a term before bank card payment, which is called payment tokenization technology. In order to pay without using a bank card number directly.

o2Bitwise: Bitcoin ETF application has been withdrawn and the proposal will be resubmitted in due course

SEC public documents show that Bitwise has withdrawn from the SEC its registration statement based on Form S-1 originally filed with the SEC on January 10, 2019. Bitwise's head of global research, Matt Hougan, confirmed the news and said that although Bitwise withdrew the Bitcoin ETF application, it will resubmit the application in due course.

It is reported that previously Bitwise intends to apply to allow Bitwise to list and trade the Bitwise Bitcoin ETF Trust, which will be based on price indices from large cryptocurrency exchanges. According to the proposal, the regulated ETF that Bitwise intends to apply for can track its Bitcoin Total Return Index, which is designed to track the total return available to the world's largest crypto asset investor. Earlier, Bitwise claimed that this ETF application is different from similar proposals submitted previously, in that it will guarantee the holding of cryptocurrency in 100% cold storage through institutions, regulated third party custodians, and that the index is encrypted from a large amount of crypto Withdraw prices from currency exchanges.

In October 2019, after the SEC rejected its ETF application for the first time, Bitwise has repeatedly negotiated with the SEC and submitted more than 500 pages of project information in an attempt to dispel SEC concerns. But even though the SEC said in November that it was reviewing the ETF, Bitwise's proposal did not seem to meet the requirements of regulators. This time, in order to completely dispel the SEC's concerns, in a letter to the SEC, the New York Stock Exchange senior adviser David De Gregorio asked the New York Stock Exchange to withdraw the Bitcoin ETF application jointly submitted by Bitwise and him.

o3 data: 2019 total of 2.8 billion US dollars of illegal funds flow into crypto exchanges

On January 16, according to data from data analysis company Chainalysis, criminals injected $ 2.8 billion in bitcoin into the exchange in 2019. Among them, Binance and Huobi handled more than half of the total funds of illegal transactions.

Chainalysis pointed out that the exchange has been a popular export of illegal cryptocurrency transactions. In 2019, the share of illegal transactions continued to grow, and $ 2.8 billion worth of cryptocurrencies flowed from criminals to the trading market throughout the year. Of these, 27.5% went to Binance, and another 24.7% went to Huobi. In addition, about 300,000 accounts in the two exchanges originated from criminals and are illegal funds. A small number of these two exchanges have absorbed a large amount of illegal funds-BTC worth more than $ 100 billion.

According to Chainalysis, these large accounts may belong to OTC brokers. Although both Binance and Huobi have established KYC procedures, the OTC platform has lower requirements, so there may be some OTC counters in both exchanges dedicated to illegal funds Money laundering services. Currently, 100 major OTC brokers make up 1% of Bitcoin transactions, and 70% of them are from Huobi.

o4BitMEX research report: Bitcoin's use of Lightning Network exceeds expectations, more than 60,000 non-cooperative channels are closed

On January 14, the trading platform BitMEX released a research report showing that the use of Lightning Network on Bitcoin has exceeded expectations. Currently more than 60,000 Lightning Network non-cooperative channels have been closed, and about 6,000 Bitcoins are used to close transactions.

According to the research report, the growth of the Lightning Network is significant for the Bitcoin network. Lightning Network is simple to use and users can enable multiple transactions and close channels at the same time. For most blockchain networks, especially those using a proof-of-work consensus algorithm, the ability to trade on the chain is limited. The most important blockchains such as Bitcoin and Ethereum can process 6 to 50 transactions per second on average. Exceeding this number usually results in higher fees. Therefore, the successful implementation and enhancement of the use of layer 2 solutions is essential for any large-scale blockchain.

The findings may suggest that experiments with mobile lightning wallets, which typically generate private channels, may be more widespread than expected. The data may also indicate that non-cooperative closure types are more prevalent than cooperative closure types than communities believe.

o5 CME Group's bitcoin options product trading volume on the first day of $ 2.19 million, exceeding Bakkt's first day

On January 14, according to the official website of the CME Group, the CME Group bitcoin options contract has been officially opened for trading, which means that CME Group, after Bakkt and FTX, has become the third global company to launch bitcoin futures options trading. Derivatives exchange.

According to an article written by The Block on the 13th, the trading volume of CME Group's bitcoin options on the first day was US $ 2.19 million, while the first-day trading volume of the option contract Bakkt launched last year was US $ 1.15 million.

It is reported that the value of the CME Group Bitcoin option contract is based on the regulated CME CF Bitcoin reference exchange rate (BRR) and is settled with the actual bitcoin futures traded. Each option contract is equivalent to 5 bitcoins. In fact, as early as 2017, CME Group and the Chicago Board Options Exchange jointly announced that they plan to launch Bitcoin futures options on November 12, 2019 to meet market demand. The launch of the Bitcoin option contract this time is basically in line with its plan.

o6 report: The number of addresses on the Bitcoin chain in 2019 increased by 24.72% throughout the year, and the total transaction fee on the chain reached $ 156 million

From January 14th to 15th, PAData released the "Annual Review of Data on the Bitcoin Chain in 2019" (upper and lower). According to statistics, in 2019, the number of addresses on the Bitcoin chain is generally on a mild upward trend, increasing 24.72% throughout the year. The number of on-chain addresses exceeded 62 million in the second quarter, including active addresses (referring to addresses that occurred on the day of the transaction, but excluding addresses for the first transaction) 35.398 million and new addresses (addresses for the first transaction) ) 27,815,400, which is the most active period for users throughout the year. During the same period, the bitcoin price is in a rapid climbing phase.

In 2019, the total transaction fee of the Bitcoin chain reached US $ 156 million, of which US $ 35.172 million in June and US $ 33.179 million in May. The total two-month transaction fee accounted for 43.84% of the annual transaction fee. However, the lowest annual fee in January was only 2.372 million US dollars. Therefore, from the perspective of the total monthly fee, the monthly difference is large. Looking at the median, which is closer to the average, the total monthly transaction fee for on-chain transactions for the whole year is about $ 8.53 million.

In addition, as of January 14, the largest BTC balance on the exchange's medium chain was Coinbase, with a total of about 98,131,000 bitcoins, followed by Huobi and Binance, which had on-chain balances of 336,700 bitcoins and 247,400 bitcoins . Bitfinex, Bitstamp, Kraken, Bittrex, Bitflyer, OKEx and Coincheck are ranked 4-10, and the balance on the chain is more than 30,000 Bitcoins.

o7Bitmain canceled IPO plan in the US due to Ponzi scheme involved? Response said the news was not true

On January 14, a tweet was issued against Twitter user BTCKING555, and Bitmain officials responded to PANews that the news was not true.

The Twitter said that Bitmain will cancel its IPO plan in the United States. A source revealed that the US Department of Justice is investigating Bitmain's sale of a large number of mining equipment to BitClub, which is suspected of encrypting the Ponzi scheme. Bitmain's Yoshi Goto appears to be playing a leading role.

It is worth mentioning that the Twitter account "BTCKING555" has repeatedly disclosed the negative news related to Bitmain, including: "Bitmain's second quarter financial report is imminent", "Singapore may take legal action against Wu Jihan and its partners" And "Bitmain lost $ 740 million in the third quarter." Some people claim that the Twitter may be under the control of Blockstream's CSO Miao Yongquan, who had accumulated grudges with Bitmain before the Bitcoin fork.

o8Gemini Exchange Establishes Nakamoto Insurance Company to Provide Up to $ 200 Million in Insurance for Its Custody Business

On January 17, according to The Block, the Gemini Exchange established Nakamoto Insurance Company, which has now obtained permission from the Bermuda Monetary Authority.

According to the announcement, Nakamoto will pay up to $ 200 million in compensation for Gemini's escrow business, covering assets in offline or cold wallets. This is the largest insurance amount available to any cryptocurrency custodian in the world. Gemini hosting customers will also be able to purchase additional insurance from Nakamoto. In addition, Nakamoto provided $ 255 million in insurance for Coinbase's online or hot wallet assets.

According to the announcement, Nakamoto was launched publicly by Gemini with insurance economics companies Aon and Marsh. Among them, Aon helped Gemini set up a Bermuda self-insurance company, and Marsh represented over-insurance through its digital asset risk transfer team. Gemini President Cameron Winklevoss said that the insurance issue is one of the main obstacles to the large-scale application of cryptocurrencies, and the company is working to solve this problem and push the industry forward.

o9 report: The blockchain market will raise 4.7 billion U.S. dollars in 2019. Blockchain financing in China and the United States far exceeds other countries.

On January 16, PAData released the "2019 Annual Blockchain Project Financing Analysis Report." The report shows that there were 653 blockchain-related financing events in 2019, and the investment market generally recovered. The financing activities in the second half of the year increased by more than 50% from the first half. In 2019, the inflow of funds related to the blockchain-related financing market reached nearly 4.7 billion U.S. dollars, with an average monthly financing fund of 391 million U.S. dollars and an average project financing of more than 8.66 million U.S. dollars. At the same time, digital asset projects have received the most attention from investors. Exchanges are the key track in this category, with financing events accounting for 60%. In addition, China and the United States far surpass other countries in the density and breadth of blockchain-related investment and financing, and the total investment and financing event accounts for 60% of the world. In 2019, the regional distribution of domestic blockchain-related investment and financing activities has a strong correlation with the domestic blockchain industry distribution, and the industrial clustering effect is significant.

10Japanese payment giant JCB partners with Fujitsu to launch virtual currency trading platform

On January 17, according to Jp.cointelegraph, Japanese payment giant JCB and Fujitsu jointly announced that they will cooperate to create a new payment platform that will use Fujitsu's blockchain technology and can flexibly apply a variety of digital currencies, payment methods based on payment methods, Payment scenarios between digital assets such as points.

It is reported that the new platform will be built on Fujitsu's Blockchain-based ConnectionChain payment technology. This payment system provides a means for different cryptocurrency networks to interoperate. It was launched by Fujitsu in September 2019.

According to the introduction, there are currently more and more activities around digital currency exchange and initial issuance (ICO), but there is still a lack of reliable and transparent applications to handle exchanges between different blockchains. ConnectionChain technology withdrawal can solve problems such as "transactions that connect multiple blockchains" and "automate the execution of a single transaction process".

In addition, at the end of December last year, JCB also announced a strategic cooperation with Keychain, which will apply Keychain's blockchain application development framework, Keychain Core, in the settlement fields such as JCB credit cards to strengthen network security and improve operational integration in the new generation of settlement fields. .

11LV president became the new richest man in the world and launched the first luxury blockchain traceability platform

On January 19, the Forbes official website ’s world richest real-time ranking showed that Bernard Arnault, president of French luxury goods giant LVMH Group, now has a net wealth of US $ 116.5 billion and has become the new richest man. Bezos, the founder and CEO of Amazon, Bill Gates, the founder of Microsoft, Warren Buffett, who was regarded as the "share god" by the people, and Mark Zuckerberg, the founder of Facebook.

Arnold's LVMH Group (French Louis Vuitton-Moët Hennessy Group) owns more than 50 luxury-related brands, including Dior, Givenchy, Fendi, Tag Heuer, etc. In May 2019, the LVMH Group announced on May 17 the launch of the first luxury blockchain platform Aura, which was jointly developed by LVMH and Microsoft and the New York blockchain software technology company ConsenSys. Aura is built using Quorum, a licensed version of the Ethereum blockchain, which was developed by JP Morgan Chase based on the Ethereum distributed ledger agreement to provide the Ethereum permission chain solution for the financial services industry in order to support the privacy of transactions and contracts.

It is reported that the platform will provide proof of the authenticity of luxury goods, and trace back from the raw materials to the point of sale to the second-hand goods market. The next phase of the platform will explore the protection of creative intellectual property, exclusive offers and activities for brands' customers, and anti-advertising fraud. At the same time, Aura is open to all luxury brands, does not require intermediaries, and promises confidential data.

According to PANews statistics, 10 blockchain project financings and 5 mergers and acquisitions were announced last week, involving a total amount of more than US $ 5,315 million (excluding projects that have not disclosed specific investment and financing amounts), involving password management, Crypto asset services, exchanges, technical services, infrastructure, and cyber security.

ostar key management developer Ystar completes $ 2 million angel round investment, led by consensus lab, geek community, etc.

On January 16, Ystar (YottaChain Ecological Incubation) announced the completion of a USD 2 million angel round financing. This round of financing was led by Consensus Labs, China's largest geek community CSDN, and the Yotta Ecological Fund. Mountain Angel Club, Geek Capital, the founder of IT listed companies, some YottaChain super nodes, investors who have participated in the private placement of Yottachian, etc.

It is reported that Ystar is based on a secure and easy-to-use key infrastructure (Kaas). Users can manage the keys of decentralized wallets and digital trading platforms without knowing the existence of keys, and they can also manage websites. , App, Enterprise system account password.

o2 Crypto Asset Service Provider Keystore Receives 10 Million USD Investment from Jianyuan Fund and Distributed Capital

On January 17, Keystore, an enterprise-grade crypto asset service provider, has received a pre-A round of financing of US $ 10 million. This round of financing was led by Jianyuan Fund, a subsidiary of Tunnels, with distributed capital following. Keyang founder and CEO Ouyang Meng said that this round of financing was mainly used for the company's talent development and technology update.

Keystore is Jianyuan Fund's first investment in the blockchain field. Keystore was established in August 2018, and is positioned as a global enterprise-level encrypted asset service provider. With the core business of secure storage of private keys, it provides enterprise users with information security protection and encrypted data processing technology.

o3PlasmaGroup former researchers raise $ 3.5 million to set up new company

On January 16, a new company Optimism, formed by former Ethereum PlasmaGroup researchers at the end of 2019, has raised $ 3.5 million in seed round funding from crypto risk fund Paradigm and design company IDEO. The company focuses on implementing OptimisticRollup, an Ethereum expansion solution.

o4 Global fiat currency channel provider Banxa receives US $ 2 million in Series A investment, led by NGC Ventures

On January 15, Banxa, a global fiat currency channel provider, announced that it has received a $ 2 million Series A investment led by blockchain investment company NGC Ventures. Other investors include the Australian Securities Exchange (ASX) listed company Thorney Investment Group Australia. It is reported that Banxa is seeking to enter new markets in Europe, Asia and Africa, and this round of financing will also be used to support Banxa's expansion into the global market.

It is reported that Banxa provides fully compliant fiat currency payment processing services, including multiple payment methods, including global credit card providers, bank transfers in the EU, Australia and the UK, and cash payments. Banxa's B2B service was launched at the end of 2019 and has already cooperated with companies such as Binance, OKEx, KuCoin and EDGE Wallet.

o5NEO announces investment in Switcheo, a decentralized exchange

On January 14, NEO announced that it had invested in the decentralized exchange Switcheo. The investment was made through the NEOEcoBoost program. Although NEO has not disclosed the size of the investment, it has reserved $ 100 million for EcoBoost.

o6 Israeli blockchain startup Atomic raises $ 2.5 million

On January 13, Atomic, an Israeli blockchain startup and decentralized collateral management platform, announced that it had raised $ 2.5 million in a round of seed financing led by HexaGroup. The company is developing a multi-chain decentralized collateral management solution that serves as the foundation layer for other digital financial solutions such as P2P transactions, password-based payments, and password-based loans.

o7 Chengdu Chainanxin has received several investments from Lenovo, Fosun, etc., and has cumulatively raised tens of millions of yuan

On January 13, a number of industrial and commercial changes took place in Chengdu Chainan Technology Co., Ltd. Beijing Pangu Chuangfu Growth No. 3 Investment Center (Limited Partnership) withdrew from its shareholders. Limited companies including 6 companies were added as shareholders. After the shareholding, Lenovo and Shanghai Fosun each held 5.35% of Lianan Technology, making them the fourth largest shareholders.

o8XBTOGroup Announces Leading Investment in Distributed Clearing House X-Margin Seed Round Financing

On January 13, XBTOGroup, a crypto financial group, announced on Twitter that it would lead the seed round financing of the distributed clearing house X-Margin. The specific investment amount was not disclosed.

o9 Smart Contract as a Service Platform SimbaChain Completes $ 1.5 Million Seed Round Financing

On January 13, SimbaChain, a cloud-based smart contract as a service (SCaaS) platform, announced that it had completed $ 1.5 million in seed funding. The investment institutions participating in this round of financing include the University of Notre Dame's PitRoad Fund, ElevateVentures, FirstSource Capital, and several angel investors.

10 Geek Star GCOXIN Receives Multi-Million Dollar Strategic Investment from ANZ Capital

On January 13, the digital asset trading platform geek star GCOXIN recently received a multi-million-dollar strategic investment from Singapore Axin Capital. Geekstar GCOXIN is a global-oriented digital asset trading platform. At present, the platform has incubated tokens such as Boxing King Coin (PAC) and LaLiga tokens, covering Asia, Australia, Europe and other regions. It has reached millions and holds overseas compliant digital currency trading licenses such as Dubai DMCC. The GCOXIN team stated that GCOXIN will advance the blockchain incubation orderly and build a world-leading one-stop service digital transaction platform based on the principles of security and compliance.

11crypto asset broker Voyager completes acquisition of VYGR Digital Securities

On January 13, Voyager, a crypto asset broker, completed the acquisition of VYGR Digital Securities, raising Voyager's previous minority stake (24.9%) in the broker-dealer, which is currently a wholly-owned subsidiary of Voyager.

12Cryptocurrency custodian Anchorage completes acquisition of data analysis company MerkleData

On January 15th, Anchorage, a founding member of the Libra Association and a cryptocurrency custodian, has completed the company's first acquisition, the acquisition of data analysis company MerkleData. The exact amount of the acquisition was not disclosed. At the same time, Anchorage also announced that it will launch a brokerage service called AnchorageTrading for institutional clients, a new service that allows investors to deposit cryptocurrencies in Anchorage for trading directly on its platform. Anchorage will charge a flat fee of 10 basis points (0.1%) for each transaction.

MerkleData was founded in 2018.Its main business is to help customers discover manipulation and other risks in the cryptocurrency market. Anchorage said the company has now integrated MerkleData's products into new trading capabilities.

13Kraken has acquired Australian crypto exchange BitTrade

On January 15, Kraken acquired the Australian-based cryptocurrency exchange BitTrade, one of Australia's longest-running cryptocurrency companies. The transaction was completed prior to Kraken's acquisition of CircleTrade, which was completed at the end of 2019. The two acquisitions will enable Kraken to expand its presence in the Asia Pacific region.

14Visa buys financial services startup Plaid for $ 5.3 billion

On January 14, Visa announced the acquisition of financial services API startup Plaid for $ 5.3 billion. The company obtained strategic investment from Visa and Mastercard in September last year. In December 2018, the company raised $ 250 million from investors such as Mary Meeker, Andreessen Horowitz, Index Ventures, Norwest Venture Partners and others at a valuation of $ 2.65 .

Plaid develops financial services APIs specifically to help developers more easily share banking and other financial information. Through its platform, users can enable applications to connect with bank accounts, enabling online checks, balances, payments, loans, investments and more. Currently, the company's customers include customers including payment application Venmo, mobile investment application software Robinhood, and cryptocurrency exchanges Coinbase and Gemini.

15BBX Exchange and Tiger Contract Cloud have both been acquired by OKEx in 2019

On January 17, according to the official disclosure of BBX, in June 2019, the introduction of OKEx capital injection, BBX was acquired by OKEx. In addition, its technology provider Tiger Contract Cloud also confirmed to PANews that it was also acquired by OKEx.

It is reported that BBX is a multi-cryptocurrency index contract trading platform for investors, with technical support provided by Tiger Contract Cloud. In 2019, BBX launched a total of 12 new contract trading varieties, and up to 20 contract varieties are available for trading, and the cumulative transaction volume for the year exceeded 160 billion US dollars.

BBX's system is provided by Tiger Contract Cloud, which is a technology company that provides spot and derivatives trading modules for trading platforms, digital cryptocurrency wallets, and quantitative funds. Cloud system, loan cloud system and other tools. Tiger Contract Cloud was founded by Link VC founder Lin Jiapeng, and its official website shows that it has obtained OKEx strategic investment.

In addition, BBX clarified that the exchange only provides pure trading services and does not participate in issuing coins. In addition, the BBX trading platform version 2.0 has begun to iterate at the end of 2019, and the new version of the homepage and OTC module are now online.