Weekly | Central Bank issues technical specifications for financial distributed ledger, blockchain financial applications are expected to accelerate

Finishing | Xiaoyan

Production | PANews

Abstract: The Central Bank released the Technical Specification for Financial Distributed Ledgers; Bitcoin whale users lost 45 million USD worth of tokens; FCoin thundered, with caves as high as US $ 127 million, and more than 2,000 potential victims. Yang Zuoxing, founder of Shenma Mining Machinery, has been released on bail pending the Spring Festival.

According to PANews statistics, there were 9 projects in the blockchain field announced last week, with a total amount of over 24 million US dollars (excluding projects that have not disclosed the specific amount of investment and financing), involving areas such as corporate services and payment and settlement platforms.

1The central bank issues technical specifications for financial distributed ledger

Recently, the Financial Industry Standards for Financial Distributed Ledger Technical Security Standards (JR / T 0184-2020) was officially issued by the People's Bank of China. The standard specifies the security system of financial distributed ledger technology, including basic hardware, basic software, cryptographic algorithms, node communication, ledger data, consensus protocols, smart contracts, identity management, privacy protection, regulatory support, operation and maintenance requirements, and governance mechanisms, etc. aspect. The standard is applicable to institutions engaged in the construction or service operation of distributed ledger systems in the financial field.

This standard is under the centralized management of the National Financial Standardization Technical Committee, and was proposed and drafted by the Digital Currency Research Institute of the People's Bank of China. Participate in drafting together. The standard has been extensively solicited for opinions and demonstrations, and has passed the review of the National Financial Standardization Technical Committee.

The latest research report by Guosheng Securities pointed out that with the release of the "Technical Specifications for Financial Distributed Ledger Security" by the central bank, the development of digital currency and blockchain supply chain finance is expected to accelerate, and block links are expected to be applied to the DCEP circulation system and application market.

2Central Bank: Thoroughly resolve Internet financial risks and establish and improve a long-term mechanism for mutual financial supervision

The People's Bank of China held a teleconference on financial market work in 2020 and requested that in 2020, the financial market business line should focus on several tasks, including promoting the stable and healthy development of the financial market. Reform the bond issuance management system, improve the bond default risk prevention and disposal mechanism, promote the high-level opening of the bond market, strengthen the overall supervision of financial infrastructure, improve the stability of the currency market, strengthen the standardized governance and risk prevention of the bill market, and regulate the development of the gold market; Take multiple measures to thoroughly resolve Internet financial risks and establish and improve a long-term mechanism for Internet financial supervision.

3Russia's two major agencies reach agreement to ban cryptocurrencies as a means of payment

According to Bitcoinist, the two major branches of the Russian Central Bank and the Russian Federal Security Agency (FSB) have recently reached agreement on how to regulate digital currencies.

It is reported that the Russian Central Bank has previously firmly advocated that all cryptocurrency-related activities should be banned, while the Russian Federal Security Agency (FSB) is open and friendly to the legalization of cryptocurrencies and recognizes the driving framework that is beneficial to Bitcoin miners. . But a letter from Russian Deputy Prime Minister Dmitry Chernyshenko to President Putin stated that Russia will ban the issuance and use of cryptocurrencies as a means of payment, which also means that Russia's two major sectoral goals have been agreed.

Previously, the Russian Federal Security Service (FSB) wanted to identify all cryptocurrency holders. The department requires all holders to conduct an identity verification process (KYC) at a dedicated operator. For non-compliant citizens, the FSB hopes Impose criminal responsibility.

4U.S. presidential candidate and Bloomberg founder wants to legalize cryptocurrency

According to bitcoinist, in 2020 U.S. presidential candidate Michael Bloomberg is proposing rules to clarify the status of crypto assets in the financial system. Michael Bloomberg hopes these measures will provide strong government oversight and more consumer protection.

It is reported that Michael Bloomberg expressed these views in his just published "Financial Reform Policy." Although not the first candidate to support cryptocurrency regulation, given his background in finance, Michael Bloomberg is by far the most credible. Andrew Yang, another presidential candidate who supports cryptocurrencies, recently withdrew from the election.

Michael Bloomberg said: "The total market value of various asset classes in cryptocurrencies has reached hundreds of billions of dollars, but regulatory policies are still incomplete, and there is still a lot of hype, fraud or other criminal activities such as blockchain, bitcoin or ICO. Working with regulators can provide clearer regulatory rules. "

The document calls for the establishment of consumer protection mechanisms, clarification of tax issues, and the creation of a framework for initial token issuance by identifying which tokens are legitimate securities. It also requires the definition of regulatory rules and related regulatory measures for banks and financial institutions.

Michael Bloomberg was born on February 14, 1942 in Boston, Massachusetts, USA. He is the founder of the Bloomberg Limited Partnership, the Bloomberg Charitable Foundation, and the United Nations Special Envoy for Climate Action. He has been the mayor of New York for three times. In addition, in March 2019, Michael Bloomberg ranked 9th on the Forbes Global Billionaires List 2019 with a US $ 55.5 billion fortune. In October 2019, it ranked No. 8 on the Forbes 400 list of the richest people in the United States.

5The central bank's patent for the entire process of issuing digital currency has been applied for

According to the mutual chain pulse news, as of February 20, in terms of digital currency, the Central Bank Digital Currency Research Institute has applied for 65 patents, and the Central Bank Printing Science and Technology Research Institute has applied for 22 patents. The latest publicly available patent name is "A Method and System for Generating Digital Currency" (filed on August 29, 2019, and published on February 4, 2020). At this point, the central bank's patent for the entire process of issuing digital currencies has been applied for, including generation, circulation, and recovery. It is worth noting that the applicants for these three patents are the Digital Currency Research Institute of the People's Bank of China. The applicants include "Mu Changchun and Di Gang". They are currently the director and deputy director of the Central Bank Currency Research Institute.

1 MT.GOX's second largest creditor loses coins again, losing about $ 45 million in tokens

A bitcoin whale user (zhoujianfu) asked for help on the Reddit forum, claiming that he was attacked by a SIM card and lost about 1547 BTC (worth about 15 million US dollars) and 60,000 BCH (about 30 million US dollars).

According to its early post on Reddit, it can be confirmed that the whale user zhoujianfu who lost Bitcoin is the founder of Bitcoinbuilder Jash Johns and the second largest creditor in the MT.GOX coin loss event. Chengdu Lian'an analyzed the stolen address and said that the hacker may have identified the target and carried out a persistent social engineering attack in 19 years. After the attack succeeded, the attacker immediately started mixing coins and transferring funds.

2 Upbit is still unable to recover withdrawals for foreign users, saying it cannot independently determine tax standards and rates

South Korean digital currency exchange Upbit issued an announcement on the 21st, stating that due to the inability to independently determine tax standards and tax rates, it is still not possible to resume the withdrawal service for foreign users.

In mid-December 2019, Upbit made changes to the KYC policy to fully comply with the Korean "Report and Use of Specific Financial Transaction Information Act" and "Financial Action Task Force (FATF) Recommendations on Virtual Assets", December 2019 Later in the year, the Korean Taxation Office announced the withholding tax on cryptocurrencies that were collected from users of digital currency transactions outside of South Korea. Upbit began implementing additional procedures at that time to verify the status of "foreign citizens" as defined in the Korean tax law and restrict user withdrawals.

3The founder of Shenma Mining Machine Yang Zuoxing has been released on bail pending trial before the Spring Festival.

According to a media article written by Wu said on the blockchain, the founder of Shenma Mining Machine, Yang Zuoxing, has been released on bail before the Spring Festival and is expected to enter the court review phase.

The article also stated that Yang Zuoxing was involved in two cases this time, including the crime of embezzlement arrested by Shenzhen Nanshan Procuratorate and the crime of infringing trade secrets being investigated in Haidian District of Beijing, which has made the case extremely complicated.

Earlier, PANews reported that Yang Zuoxing had been arrested by the People's Procuratorate of Nanshan District, Shenzhen, Guangdong Province for the crime of embezzlement.

4 FCoin potential victims or more than 2000 people, per capita loss or more than 25 BTC

According to the statistics of the historical total recharge amount of 21574 deposit addresses, the average recharge amount of each investor [1] is 10 BTC. Among them, 33 investors recharged more than 1,000 BTC, and the one with the highest recharge amount totaled 15,525 BTC. If the first recharge time occurred after December 2018 of the dangerous emergence of FCoin, and the investor who has been active in the last six months (with recharge history) is designated as the potential victim of this FCoin thunderstorm, then The scale is about 2553 people. By 2020, there are still 206 new investors entering FCoin transactions.

On February 17, Fcoin issued an announcement entitled "The Truth of FCoin." Founder Zhang Jian said: The biggest problem facing FCoin at present is not the problem that the system cannot be restored, but the problem that the capital reserve cannot be paid by users. The internal problems and technical difficulties faced are the result of financial difficulties. It is expected that the scale of non-payment is between 7000-13000 BTC (valued at about 68.6 million-127 million US dollars). The reason is not external hacking or internal money running, but data error + decision error.

1 Aideer: Signed a strategic cooperation agreement with Shuqin Technology to establish a jewelry and diamond industry blockchain alliance

Aildir announced on February 20 that the company recently signed a "strategic cooperation agreement" with Zhejiang Shuqin Technology Co., Ltd. The two parties reached a strategic partnership with the goal of establishing a blockchain alliance in the jewellery and diamond industry, realizing the development of technology-enabled industries and the true application of blockchain technology.

2 Zhidu Shares: Will work with Guoguang to promote the application of supply chain financial blockchain

On February 17th, Zhidu Co., Ltd. replied on the platform of asking the secretary that the company's blockchain business will use the high-quality industrial foundation of Guoguang Optoelectronics to promote the application of both sides in the supply chain financial blockchain. Wisdom Chain Technology Co., Ltd. and GD Optoelectronics have established Shenzhen Wisdom Supply Chain Technology Co., Ltd. in Shenzhen.

3Zhongzhuang Construction: The company will become a blockchain platform in the decoration industry in the long run, and there is no conceptual hype

On February 19, Shenzhen China Decoration Construction Group Co., Ltd. issued an announcement on the reply to the inquiry letter from the Shenzhen Stock Exchange. According to the announcement, the company's blockchain technology platform is currently based on supply chain transactions within the company's existing business system, and will be a blockchain platform in the vertical segment of the decoration industry in the long run. At present, there are no clear direct competitors in the decoration industry. With the development of the company's blockchain technology platform, the company expects higher and higher requirements for computing power and data storage. IDC and cloud computing will provide basic capabilities for the platform development of the company's blockchain business and are important infrastructures. The company is optimistic about the IDC and cloud computing market for a long time, and enters the IDC and cloud computing market through its stake in Anxun Group. On the one hand, it is the basic needs for the development of the company's blockchain business. The company is actually investing in and carrying out related businesses. There is no such thing as using cloud computing, blockchain and other concepts to speculate on stock prices, and there is no situation to cooperate with shareholders to reduce their holdings.

4 Digital Government Communication: Has been researching the combination of blockchain technology and city management

In response to investors' questions on the interactive platform, Digital Government Communication said that grid management is one of the company's application modes in urban management, and the company has been studying the combination of blockchain technology and urban management.

According to PANews statistics, there were 9 projects in the blockchain field announced last week, with a total amount of over 24 million US dollars (excluding projects that have not disclosed the specific amount of investment and financing), involving areas such as corporate services and payment and settlement platforms.

1Cryptocurrency custodian Copper receives $ 8 million in Series A funding

According to official news, Copper, a London-based cryptocurrency custodian, announced that it has received $ 8 million in Series A funding from investors including Target Global, MMC Ventures and LocalGlobe. Copper will use these funds to expand operations in key global regions such as North America and Asia. Copper announced before the announcement that it would provide a prime brokerage service for Nickel Digital Asset Management, a compliant institutional digital asset manager in the UK, and Fidelity Digital Assets, a Fidelity subsidiary, was selected as its second release. The main fund custodian of the fund Digital Gold Institutional.

2 Blockchain company Scalar A round of financing investors add J Power and TIS

According to Crypto.Watch, the blockchain company Scalar recently announced that it will raise a new round of financing to its Power A Development Co., Ltd. (J Power) and TIS to implement a third-party private placement to raise funds. Four investors have previously participated in the investment. Scalar has been advancing the development of its core product, the distributed ledger software "Scalar DLT". With this round of fundraising, in addition to expanding the functions of Scalar DLT, Scalar is also committed to building a system for the company to expand sales.

3Blockchain and artificial intelligence company "Light Tree Technology" received tens of millions of RMB A round of financing

Recently, Blockchain and artificial intelligence company Lighttree Technology announced the completion of tens of millions of RMB in Series A financing. The investor is Yanfeng Qiyun. Previously, the Tree of Light had received 10 million-level angel round investments from Xinyuan Capital, Ceyuan Venture Capital, and Chaosheng Capital in 2017. After that, in May 2018, he obtained a tens of millions of strategic investment from Zhongxin Credit and reached strategic cooperation. Established in 2017, Light Tree Technology is a blockchain plus artificial intelligence company. The company's self-developed blockchain-based trusted data collaboration framework can help governments, financial and Internet companies without exposing raw data. For credible joint learning and joint computing.

4 AvalonMeta completes $ 420,000 financing, led by blockchain game company Peerplays

Education and gaming startup AvalonMeta Ventures Pv announced on Tuesday that it has completed a $ 420,000 round of financing, led by blockchain game company Peerplays and Chicago-based Purvi Capital and former design director of Unacademy Abhinav Chhikara. (VC Circle)

5 Fidelity International invests $ 14 million in BC Group, a Hong Kong crypto exchange OSL operator

Fidelity International bought 17 million shares of OSL owner BC Group for HK $ 6.50 (approximately US $ 0.83) per share, holding 5.6% of the company. The investment is part of a $ 36 million rights issue announced by BC Group, which was listed on the Hong Kong Stock Exchange last month. Another major investor involved in this round of financing is Eternal Strategy Investment Co., Ltd., a Hong Kong-based investment holding company that focuses on jewelry products. OSL is a cryptocurrency exchange that serves institutional and individual investors with trading, brokering and escrow services.

6cryptocurrency custody service provider BitGo acquires securities token platform Harbor

According to CoinDesk news on February 18, cryptocurrency custody service BitGo announced the acquisition of securities token platform Harbor. This move allowed BitGo to expand its hosting services and become a "full stack" service provider in this space. Terms of the transaction were not disclosed.

7 Cryptocurrency derivatives exchange FTX plans to raise $ 15 million to $ 30 million at a $ 1 billion valuation

Cryptocurrency derivative exchange FTX founder and CEO Sam Bankman confirms to Blockchain media The Block that the exchange is in the B round of financing, plans to sell 1.5% to 3% equity, financing at a valuation of 1 billion US dollars From $ 15 million to $ 30 million, the financing will be used to expand the business and increase the number of employees. Derivatives exchange FTX was founded in early 2019 and currently operates for about 9 months. It has completed a seed round of financing in August 2019 and raised $ 8 million. Blockchain investment funds Proof of Capital, Consensus Lab, FBG, Galois Capita After participating in the investment, in December 2019, he obtained Binance's 10 million US dollars strategic investment.

8 Citibank invests and joins blockchain financial network Contour

Citi recently announced its investment and joining Contour, a blockchain financial network. Contour is headquartered in Singapore and is made up of more than 50 banks and companies such as HSBC, ABN AMRO, Bangkok Bank, BNP Paribas, and R3. Last month, Contour announced pilots in 14 countries and regions, and conducted global trials with more than 50 banks and businesses, demonstrating the platform's ability to execute the entire process of a paper letter of credit from 5-10 The number of days was reduced to less than 24 hours, and it entered commercial production in January.