Weekly | FCoin incident continues to ferment, 12 listed companies disclose blockchain business

Finishing | Xiaoying Production | PANews

Abstract: The FCoin incident continues to ferment, announcing a cumulative total of 77 million on the chain; Hong Kong intends to consider including virtual currency service providers and other regulatory frameworks; the SEC rejects the Bitcoin ETF applied by Wilshire Phoenix for fear of manipulation; OKEx, Bitfinex, and Coin An has been subject to DDoS attacks and caused downtime; 12 listed companies have disclosed blockchain-related businesses or plans.

According to PANews statistics, a total of 10 projects in the blockchain field announced last week with a total value of more than 560 million US dollars (excluding projects for which specific investment and financing amounts have not been disclosed) involve corporate services, exchanges, payments, security, Games and other fields.

Regulatory developments

U.S. develops cryptocurrency intelligence plan to focus on crypto business

According to News.Bitcoin on February 24th, the US Department of Homeland Security released a budget overview for the fiscal year 2021 last week. In the budget document, the US Department of Homeland Security revealed that the Bulk Cash Smuggling Center (BCSC) has developed a cryptocurrency intelligence plan (CIP), designed to identify unauthorized crypto businesses through P2P websites, online forums, and dark web markets.

U.S. House of Representatives Small Business Committee Holds Hearing to Discuss Blockchain Technology

According to Coindesk, the US House of Representatives Small Business Committee will hold a hearing to discuss the benefits of blockchain technology to entrepreneurs. A hearing on "The Cornerstone of Change: The Benefits of Blockchain Technology for Small Businesses", which will be held at 4:30 pm UTC on March 4 (0:30 pm Beijing time), will discuss how some startups can use the zone Blockchain technology improves productivity and security.

Malta's Minister of Financial Services and Digital Economy clarifies the country's attitude towards the crypto industry has not taken a tougher stance

In an interview with Cointelegraph, Malta Minister of Financial Services and Digital Economy Bartolo Clayton clarified the country's attitude towards the crypto industry and reiterated that Binance Exchange has never been licensed in Malta. He mentioned, "This does not mean that the government has taken a tougher stance on cryptocurrencies in some way, but merely a fact. It is the Malta government's commitment to integrating blockchain with other industries. "An earlier feedback statement from the Malta Financial Services Authority (MFSA) on the STO's consultation document stated that in terms of trading venues, the Authority plans to conduct a case-by-case assessment. The MFSA acknowledges that its efforts to promote regulation, innovation and the growth of the Malta STO market will need to be undertaken within a pre-established European legislative framework.

South Korean tax experts propose to gradually implement crypto tax policy and levy low-level transaction tax first

According to CoinGeek news on February 27, at a recent seminar, experts from the Korean Tax Policy Association (KTPA) argued that the country should first impose a low level of transaction tax on cryptocurrencies before gradually introducing the proposed transfer income tax. Experts said that implementing a progressive tax plan would be best for South Korea and would help South Korea ’s crypto taxation policy achieve a smooth transition.

Hong Kong intends to consider including virtual currency service providers in regulatory framework

According to the Hong Kong Economic Journal, in order to improve supervision, Hong Kong Financial Secretary Chen Maobo stated in a new Budget that he would further strengthen Hong Kong ’s anti-money laundering and terrorist financing system, including considering the integration of virtual currency service providers The jewelry, jade and precious metals industries are included in the regulatory framework. A public consultation on specific recommendations is planned within this year.

New Zealand Internal Revenue Service plans to abolish consumer services tax on cryptocurrencies

According to CoinDesk, the New Zealand Internal Revenue Service (IRD) is considering changing the way it deals with cryptocurrencies by removing the currently controversial Goods and Services Tax (GST). The current system treats Bitcoin and other digital currencies as property, and cryptocurrencies should bear a 15% consumption tax when trading in the country. This may raise the issue of "double taxation" when collecting income tax in the future. The New Zealand Internal Revenue Service called this situation "adverse" and recommended that in most cases the GST on cryptocurrencies be removed and that only income tax be retained.

Industry news

Zhang Jian announced the hot and cold wallet addresses of all FCoin balance assets, with an estimated capital of 77 million

On February 29, Zhang Jian, the founder of Fcoin, issued announcements to announce the addresses of all cold wallets and hot wallets of FCoin's balance assets for inspection. And said that within three working days, the balance sheet and the remaining balance of assets data will be fully released for everyone to check. The announcement announced the first batch of BTC, ETH, EOS, XRP, LTC, TRX addresses, and the wallet balance was about 44 million. After the announcement, the second batch of addresses includes ETC, BCH, BSV, ADA, DASH, TUSD, USDC, XLM, ZEC, ZIP, and the wallet balance is about 33 million.

Zhang Jian appeared in the "Third FT Community Committee Social Committee" telegram group earlier, claiming that he is working hard to promote the restart and has found the fastest solution. It is expected that the website will be restored in the near future.

Hangzhou Local Public Security Bureau Does Not Repeat FCoin Rights Defender Cases, Needs to Return to Beijing

Hangzhou Hubin District Public Security Bureau reported on February 29 that Hangzhou would not re-accept the FCoin rights defender case, because the Beijing Bochen Technology Co., Ltd. illegal operation case was opened for investigation by the Beijing Public Security Bureau Chaoyang Branch in March 2019, and the investment platform The 17 victims concerned have reported their losses and registered in our institute. Our institute will forward the collected relevant materials to the Chaoyang Branch of Beijing Public Security Bureau.

SEC rejects Bitcoin ETF filed by Wilshire Phoenix for fear of manipulation

On February 27, the US Securities and Exchange Commission (SEC) rejected the Wilshire Phoenix Fund's application for trading a Bitcoin ETF on the New York Stock Exchange's High Growth Board Market (NYSE Arca) due to concerns about Bitcoin manipulation.

Earlier news, investment management companies Wilshire Phoenix and NYSE Arca submitted amendments to their proposed Bitcoin ETF in early October last year. Wilshire Phoenix updated the application documents on February 14, and February 26 is the deadline for the SEC to make a decision.

Bloomberg commented that the SEC has long urged issuers to address multiple risks and concerns related to cryptocurrency funds, including market manipulation, liquidity and escrow issues. When the SEC announced the negative result, it was mentioned that Wilshire Phoneix intends to list and trade the bitcoin ETF, NYSE Arca, which has not created a bitcoin-related market that can withstand market manipulation.

OKEx, Bitfinex, and Binance have been downed by DDoS attacks

OKEx suffered multiple DDoS attacks on the 28th and suffered a brief downtime on the same day. Bitfinex also suffered downtime from a DDoS attack. In the early morning of February 29, Binance Futures also went down due to DDoS attacks and interrupted trading. The attacked exchanges repaired the website immediately after the attack.

DeFi trading platform Curve has abnormal transactions, and the attacker may conduct a clamp attack on two types of funds pool

According to the etherscan block browser, a decentralized stablecoin trading platform Curve has made an abnormal transaction. This transaction used USDC worth 89,000 to exchange USD 465,000 BUSD, which occurred 21 hours ago. And 17 hours ago, Curve announced on official Twitter that it would cooperate with iearn.finance to launch a fund pool busd.curve.fi with DAI, USDC, USDT, and BUSD. iearn.finance stated on its official Twitter that the attacker appeared to conduct a clamp attack on Curve's busd.curve.fi and y.curve.fi funds pools.

Bitfinex says it has repaid $ 100 million loan to Tether

According to The Block news on February 28, the cryptocurrency exchange Bitfinex said on Friday that after withdrawing $ 700 million from Tether's reserves last year, it has repaid $ 100 million to Tether. According to a previous announcement by the New York Attorney General's Office, the loan was used to make up Bitfinex's estimated $ 850 million financial loss after Crypto Capital, Bitfinex's payment processor, saw its funds seized by the authorities. The exchange previously stated that it had repaid $ 100 million to Tether through a loan agreement in July 2019.

Hurun releases 2020 Global Rich List, 6 Blockchain Rich Listed, 4 are Founders of Exchange

Hurun released the "Hurun Global Rich List 2020" on February 26. There are 6 billion dollar entrepreneurs in the blockchain industry, mainly from cryptocurrency exchanges and bitcoin miners. The richest person on the blockchain is Zhao Changpeng, the founder of Binance, with a wealth of 18 billion yuan, followed by OKCoin Xu Mingxing, a wealth of 10 billion yuan, Ripple founder Chris Larsen, a wealth of 9 billion yuan, Coinbase founder Brian Armstrong, a wealth of 7 billion yuan. Mining machine manufacturer Bitmain's Zhanke Group has a wealth of 11 billion yuan, and Huobi Li Lin has a wealth of 7.5 billion yuan.

Listed company

Qunxing Toys is actively deploying in blockchain and other fields, laying a foundation for the company's main business revenue growth

According to the Securities Times, Qunxing Toys' 2019 annual performance report released on the evening of February 27 showed that the company achieved operating income of 70.793 million yuan last year, a year-on-year increase of 271.71%. The Express pointed out that Qunxing Toys is actively deploying in the areas of digital economy, artificial intelligence, blockchain, financial technology, 5G, digital agriculture, digital health care, and the Internet of Things in terms of industrial incubation and industrial investment, increasing the company's main business income And industrial mergers and acquisitions have laid a solid foundation.

Santai Holdings plans to invest in the establishment of agro-technical sciences to engage in blockchain traceability and other businesses

According to the Securities Times news on February 28, Chengdu Santai Holding Group Co., Ltd. issued an announcement saying that it plans to invest in the establishment of agricultural technology and digital sciences, and to intervene in the field of modern agricultural services. Chain traceability, new retail of agricultural products, etc. The investment scale is RMB 10 million. After the investment is completed, the company will hold 100% equity of Agrotech Digital.

Tianyin Holdings will launch a blockchain-based lottery system after the epidemic

Sun Hailong, assistant president and secretary of the board of directors of Tianyin Holdings, said in a recent Huobi event that the blockchain-based lottery system will be launched after the epidemic. Sun Hailong said that Tianyin Holdings and Huobi China have launched in-depth cooperation on blockchain technology to enable lottery business, industrial solution consulting, and digital business design. At present, the business has not been affected by the epidemic situation. After the epidemic, the blockchain-based lottery system will be launched.

High light software: the company's blockchain business has already landed projects

According to Sina Finance News, Yuanguang Software released its 2019 annual report. The annual report mentioned that the company's blockchain business has already landed projects. It is optimistic that the company's blockchain business will further land in 2020.

Hailian Jinhui will explore blockchain technology applications from three directions: finance, supervision, and government affairs

In answering investors' questions on the interactive platform, Hailian Jinhui said that the company's blockchain technology is mainly explored in three directions: finance, supervision, and government affairs. 1.Blockchain + Finance: Based on the documented supply chain financial system, combined with the company's account system and payment risk control capabilities, to provide better scene financial services; 2.Blockchain + supervision: On the basis of research, we will further commercialize the blockchain monitoring technology capabilities and explore market opportunities; 3. Blockchain + government affairs: Combine blockchain technology with our company's big data service capabilities in response to "Beijing Municipal Affairs The Blockchain Application Action Plan in the Service Field "explores in the field of government big data.

Nantian Information: The breadth and depth of development of future blockchain application scenarios depends on customer needs

When answering investors' questions on the interactive platform, Nantian Information said that the company is actively paying attention to and studying the development of application scenarios related to blockchain and other technologies, and has the ability to develop related products or provide related solutions according to customer needs. Future blockchain application scenarios The breadth and depth of development depends on customer needs, and there is uncertainty about the scale and scope of the application.

Jinjia Co., Ltd .: Subsidiary and Ant Blockchain Technology Cooperate for Authentication and Traceability

Jinjia Co., Ltd., in answering investor questions on the Shenzhen Stock Exchange, said that it is true that the company and Ant Financial have a blockchain cooperation. The company's subsidiary Hezhi Technology cooperates with Ant Blockchain to create a "Jinjia Blockchain". Through the Internet of Things packaging scanning method, you can jump to the Alipay Ant traceability chain certificate, through the chain, block, and unique code. Information to achieve the purpose of authenticating the source.

Huijin shares: will pay close attention to the development of digital currency related technologies and related industrial policies

Huijin Co., Ltd. (300368.SZ) said on the interactive platform that it answered investors ’questions. According to the current public information, the research on digital currency is mainly led by the central bank and has not yet been applied. The company will pay close attention to the development of digital currency related technologies and related industries. The implementation and implementation of policies and policies, and actively grasp the development opportunities brought by digital currencies. As a new application scenario of digital currency, its development space and corresponding impact are not clear at present.

Jihong shares: an upgraded version 2.0 system will be released on the basis of "one thing, one yard + blockchain 1.0"

Jihong Co., Ltd. (002803.SZ) answered investors' questions on the Shenzhen Stock Exchange-Easy Interactive, stating that the company is mainly oriented to customer needs and establishes a supply chain and anti-counterfeit traceability management system based on the underlying technology of the blockchain. The company's blockchain-related business is gradually progressing, and an upgraded version 2.0 system will be released in the near future based on the self-developed "one thing, one yard + blockchain 1.0".

Xianhe Environmental Protection: Introduce modern technology and management talents such as blockchain to develop new technology products

Xianhe Environmental Protection (300137.SZ) answered investors' questions on the interactive platform, saying that the company has a research and development center in Beijing and will strengthen the construction of the center, introducing modern technologies and management with artificial intelligence, big data, and blockchain High-end talents to develop new technologies and products. In addition, the company's monitoring equipment is also sold in Beijing.

Aerospace Information: Tianjin Vaccine Retrospective Supervision Platform Has Been Built to Apply Big Data and Blockchain Technology

According to the Shanghai Stock Exchange, Aerospace Information (600271.SH) said in response to investors that Aerospace Information has constructed the Tianjin vaccine traceability supervision platform, applying big data and new blockchain technology to serve the public, manufacturing enterprises and regulatory authorities. The first provincial-level vaccine retrospective supervision platform in the country that implements the requirements of the new vaccine law and complies with the new standards. It connects with the drug regulatory bureau and the health and health committee system and interfaces with the national platform. It can realize the entire process from vaccine production to circulation to use Traceable supervision. The company's follow-up operating model will be implemented in accordance with the guidance of relevant government departments. The system is currently under construction and pilot.

Investment and financing progress

According to PANews statistics, a total of 10 projects in the blockchain field announced last week with a total value of more than 560 million US dollars (excluding projects for which specific investment and financing amounts have not been disclosed) involve corporate services, exchanges, payments, security, Games and other fields.

Ku coin completed B round of financing, Japanese and Korean subsidiaries will be launched soon

In the morning, Chen Meiling, the chairman of the National Development Council, the representative of the Japanese SBI investor, and the BitSonic of the Korean exchange, appeared in the new Taipei office of Kubo, which opened on the second floor. Technology (CoolBitX) has completed a new Series B financing with a total of USD 16.75 million in good news. The financing was led by Japanese financial giant SBI Holdings, including the National Development Council of Taiwan, the Korean cryptocurrency exchange BitSonic, and the Japanese Monex Financial Group.

Cryptofintech company Revolut completes $ 500 million Series D funding round, led by TCV

According to CNBC, crypto fintech startup Revolut has completed a $ 500 million Series D round of financing, which has tripled its valuation to $ 5.5 billion. The company said it will use the new financing to enhance its products in existing markets and expand its lending business. The round was led by Silicon Valley-based venture capital firm TCV, an early investor in companies such as Facebook and Netflix. Participants include DST Global, Index Ventures, Balderton Capital and others who have previously invested in the company.

Cryptocurrency trading platform Omniex receives SIX investment

The Swiss stock exchange operator SIX Group has joined a series of investors to buy Omniex shares, which develop technologies and services that make it easier for financial institutions to trade cryptocurrencies. No specific amount was disclosed for this investment, but SIX stated that the transaction involved a partnership that provided SIX and its customers with a gateway to global cryptocurrency exchanges and OTC market makers. The exchange said the cooperation will give SIX customers "standardized and secure access" to trade cryptocurrencies.

Cross-chain lightning trading ecosystem TTChain receives MASEx investment

The cross-chain lightning trading ecosystem TTChain was invested by MASEx and became a subsidiary of MASEx. It is reported that TTChain's innovative technology supports decentralization, lightning cross-chain, high-frequency, and artificial intelligence transactions, with over 8,000 transactions per second. The financing did not disclose the round and specific amount.

Tempo Storm completes $ 3.3 million financing, led by EOS VC

Tempo Storm recently raised $ 3.3 million in funding led by Galaxy Interactive. Tempo Storm is a company specializing in e-sports and gaming entertainment. Its official said that this financing will be used to release its digital card game "The Bazaar". EOS VC provides developers and entrepreneurs with the funds needed to create business with EOSIO. It mainly invests in companies based on EOSIO and focusing on blockchain.

Trading analysis firm Apex: E3 secures seed funding from ConsenSys

The startup launched its first product after receiving seed funding from ConsenSys, but the exact amount of the funding has not been disclosed. APEX: E3 launched a cloud-based multi-asset analysis platform for retail and institutional investors.

Oracle Machine Technology Receives Strategic Investment from Multiple Institutions

Oracle Technology has recently obtained strategic investment. The investors include Chainlink Capital, Consensus Lab, Chain Capital, etc. The specific amount has not been disclosed. Oracle Machine Technology provides comprehensive blockchain project consulting and technical services, such as blockchain technology support, blockchain cloud service platform, and blockchain application solutions, to enterprises with blockchain development needs.

StarkWare secures $ 40 million strategic investment

StarkWare recently received a strategic investment of US $ 40 million. The investors are Intel Capital and Sequoia Capital. StarkWare will vigorously promote the "zk-starks" blockchain privacy solution developed by the Israel Institute of Technology.

Chengdu Chainan secures new round of financing from Qianhai Mother Fund

Chengdu Chainan recently announced that it has obtained a new round of financing from Qianhai Mother Fund to promote the healthy and orderly development of the blockchain security cause, but did not disclose the specific amount. Earlier, Chengdu Lian'an had obtained tens of millions of yuan in financing led by Lenovo Venture Capital, Fosun Hi-Tech, Cheng Venture Capital, and Renzi Bank in December 2019, and a seed round of distributed capital in March 2018. The investment, in September 2018, won the angel round investment of Jieshi Capital and Pangu Chuangfu.

German blockchain startup Agora completes Pre-A round of financing

Agora Innovation GmbH is a German blockchain financial technology service provider, focusing on blockchain, DLT and digital assets. Recently completed a seven-digit Pre-A round of financing, this round of financing led by FinLab EOS VC.