Blockchain financing in the first half of the year: the United States overtakes China, Hong Kong dominates Greater China, and Hangzhou presses Beishangguang
1-6 From January to June 2019, there were 216 financing events in the global blockchain industry, with a total financing amount of 16.537 billion yuan.
融资 The financing amount of blockchain projects is generally 10 million, and the project of 100 million yuan only accounts for 11%.
China's blockchain financing exceeds the US, leading the world, but the total amount of financing is less than the United States.
浙江省 Zhejiang Province is the province with the most blockchain financing events in China, and Beijing, Shanghai and Shenzhen are the most active cities in the first half of the year.
- Say that Staking doesn't make money, why do so many people play?
- Buy Starbucks with Bitcoin and hit Uber, this lightning network payment app will do it for you.
- 180 degree turn! The godfather of emerging market investment: If bitcoin goes up again, I will go buy it.
澄 Chengmai is the only county-level city in Top10, the most active city in the blockchain investment and financing.
Global blockchain financing is dominated by the initial round of rounds, and the average round of single round financing is the highest in B round, with an average of 118 million yuan in financing for each round of B rounds.
投资 The top ten investment institutions in the first half of the year are most concerned about the digital currency trading platform, the underlying technology development of blockchain and financial services related scenarios.
Pantera Capital was active in blockchain investment in the first half of 2019; Keybank Capital was the most focused and focused on social scenes.
In the first half of 2019, the blockchain recovery began.
The total amount of investment and financing reached 16.5 billion yuan, and the number of investment and financing rose month by month. China and the United States continued to lead the world; the top ten cryptocurrency gains in the market value generally exceeded 100%, and the price of bitcoin broke through the $10,000 mark again after more than one year; Morgan Chase, Facebook and other institutions continue to enter the market, the SEC issued regulatory guidelines, the first batch of filing projects of the network office cloth…
These are signs of recovery in the blockchain market and are the future of the industry.
I. Financing of blockchain projects from January to June 2019
(I) Overall situation of blockchain project financing
According to the incomplete statistics of Zero Zhi think tank, from January to June 2019, there were 216 financing events in the global blockchain industry, with a total financing amount of 16.537 billion yuan (converted according to the real-time exchange rate on July 1).
Compared with the hottest period of the blockchain in the second half of 2018, the amount of financing in the first half of 2019 fell by 34.15% year-on-year, and the total financing volume also shrank by nearly 73.51%. But compared with the situation in the second half of 2018, we can easily see that the blockchain financing market has undergone some changes in the first half of 2019.
1. The number of financing for blockchain projects has gradually picked up
In the first half of 2019, except for the short-term decline in individual months, the total amount of blockchain project financing showed an upward trend.
Among them, the number of financing projects in the first quarter was 73, accounting for 33.8% of the total financing in the first half of the year; the number of financing projects in the second quarter was 143, accounting for 66.2%, an increase of 95.89% compared with the first quarter.
June was the month with the largest number of blockchain project financing, with 51 projects receiving financing, accounting for 23.6% of the total in the first half of the year. In February, blockchain projects had the least amount of financing, only 18. accounting for 8.3%. Since February, the number of blockchain project financing has shown signs of recovery.
Judging from the situation in the past year, the financing of blockchain projects in the second half of 2018 has deteriorated rapidly. In September, the number of financing for blockchain projects was halved compared with that in October, and basically remained at around 30 per month. However, since the beginning of 2019, especially since March, the number of blockchain project financing has rebounded. In June, the first single-month blockchain financing event broke through 50 since August last year.
Figure 1: Number and growth rate of blockchain project financing in the past year
Source: Zero Think Tank
2. The financing amount in May was nearly 8 billion, accounting for about 50% of the total in the first half of the year.
In the first six months of 2019, the total amount of financing was 16.537 billion yuan (converted according to the exchange rate on July 1).
Among them, the amount of financing in a single month in May was as high as 7.979 billion yuan, accounting for 48.25% of the total financing in the first half of the year. This situation is mainly due to the release of the platform currency LEO by Bitfinex, a well-known cryptocurrency exchange in May, and a $1 billion financing through a private placement in 10 days. Bitfinex's round of financing was mainly due to the freezing of Bitfinex's bitcoin assets by multinational regulators, which put pressure on acceptance, and then again in crisis by stealing Tether's USD 850 million USDT reserve.
Excluding this huge amount of financing, the financing amount in the first half of 2019 was generally stable, with no more than 2 billion yuan except January.
From the perspective of the blockchain investment and financing market in the past year, since August 2018, in addition to the special financing in May 2019, the monthly financing amount has not exceeded 2.5 billion yuan. Therefore, even if the amount of financing rises, the amount of financing is still not optimistic. Investors began to "widely spread the net", but the amount of financing for a single project was relatively low. The blockchain project financing market has not really recovered.
Figure 2: Financing amount and growth rate of blockchain projects in the past year
Source: Zero Think Tank
From the distribution of financing amount interval, most of the blockchain financing projects amount more than 10 million.
Among them, 36% of the blockchain project financing amount (disclosed) falls within the range of 10 million to 100 million yuan; 34 projects with financing amount between 1 million yuan and 10 million yuan, accounting for the disclosed amount of financing 16% of the incident; the number of large-scale financing projects with a value of 100 million and above is relatively small, only 24 cases occur, accounting for 11%.
Figure 3: Distribution of financing amount of blockchain projects
Source: Zero Think Tank
(2) The geographical distribution has a clear trend, and China and the United States lead the world.
This section will calculate the distribution of Top10 countries, Top10 provinces and cities in China from January to June of 2019 from the two dimensions of financing amount and financing finance.
1. Countries, regions and cities with Top10 financing
China and the United States continue to lead the world in the number of blockchain financing
The number of blockchain financing events in China and the United States is far ahead of other countries, with 71 and 64 respectively; Britain and Singapore are ranked second, with 19 and 14 respectively; Switzerland has 6; Japan, France There were 4 cases with Germany and 3 cases and 2 cases for South Africa and Spain respectively.
Overall, among the top ten countries, although there are only three countries in the Asian region, namely China, Singapore and Japan, they accounted for nearly 47% of the blockchain financing events in the top ten countries in the global rankings. In addition, there are relatively many countries involved in blockchain financing events in Europe, and the distribution is relatively scattered; South Africa has become the only country in the southern hemisphere.
Figure 4: Number of blockchain project financing from January to June 2019 Top10 (country)
Source: Zero Think Tank
Top10 provinces and cities, Beijing "one big one"
Beijing has taken the lead in domestic blockchain financing events, becoming the region with the most blockchain financing events in China, reaching 36, accounting for about 50% of the total number of financing in the top ten list of the country (including Hong Kong, Macao and Taiwan);
Shanghai, Guangdong, Hong Kong and Zhejiang ranked second, with 9, 10, 6 and 5 financing events; 2 financing events in Hainan and Jiangsu; 1 in Taiwan, Macau, Tianjin and Hebei .
In terms of geographical distribution, except for Beijing, most of the registered locations of blockchain-related enterprises are located in coastal provinces and cities, and financing events related to blockchain are mostly in coastal areas.
Figure 5: Top 10 (regional) financing of blockchain projects from January to June 2019
Source: Zero Think Tank
Zhejiang 3 cities ranked Top10, Chengmai County became the only county-level city on the list
In addition, Chengmai County in Hainan Province is the only county-level city in China that has generated blockchain financing.
Figure 6: Top 10 (City) of blockchain project financing from January to June 2019
Source: Zero Think Tank
2. Countries, regions and cities with a financing amount of Top10
The amount of financing in the US blockchain has surpassed that of China, and the advantages of the two countries are obvious.
China's blockchain project financing amounted to 2.562 billion yuan, accounting for 16%. Although the total is lower than the United States, it is still more than three times ahead of the third place in the UK;
The United Kingdom and South Korea are in the third and fourth places respectively. The total blockchain financing is 701 million yuan and 615 million yuan, each accounting for about 4% of the global total. It is the third echelon of total blockchain project financing;
Switzerland and Japan are located in the fourth echelon, with 286 million yuan and 171 million yuan respectively, accounting for 2% and 1% of the top 10 global blockchain financing totals;
Israel, France, Singapore and Iceland each suffered 0.68, 0.6, 0.47 and 0.34 billion. It is worth noting that although Singapore is located in the second echelon of the number of events in blockchain financing, it is not so outstanding in the total amount ranking, and the block financing project involves a small amount of single financing.
Figure 7: Blockchain project financing amount from January to June 2019 Top10 (country)
Source: Zero Think Tank
Hong Kong has a large amount of single financing, ranking first in China
Hong Kong's financing amount accounts for about 41% of the national blockchain financing amount list, with a specific amount of 1.062 billion yuan. Although in terms of the number of financing events, Hong Kong's blockchain financing projects are not as good as the North, but due to the larger amount of single financing involved, it ranks first in the nationwide blockchain project financing; followed by Zhejiang Province. Its blockchain financing amount is far more than that of the North-Guangzhou, accounting for 28%;
Although Beijing's blockchain financing projects are the largest, the total amount of financing involved only accounts for 18% of the national total, which is less than that of Hong Kong and Zhejiang. The financing amount of blockchain projects in Shanghai and Guangdong is 449 million yuan and 257 million yuan respectively. Each accounted for 18% and 10%, which is not as good as Zhejiang.
Figure 8: Top 10 (region, unit: 10,000 yuan) of blockchain project financing amount from January to June 2019
Source: Zero Think Tank
Hangzhou blockchain financing total pressure on the North
From the perspective of the amount of financing, the amount of financing for blockchain projects in Hong Kong far exceeds that of other cities in China, accounting for about 41% of the total, and the only city with a financing amount of more than 1 billion yuan; the financing amount of Hangzhou exceeds the three major cities of Beishangguang. , reaching 700 million yuan, accounting for 28% of the country's top 10 total; Beijing ranked third, although there are advantages in the number of financing events, but the specific financing amount is less than Hong Kong and Hangzhou, accounting for about the national blockchain financing 18% of the total; followed by Guangzhou, the financing amount exceeded 200 million yuan, accounting for 8% of the total top 10 financing of the national blockchain project.
Figure 9: Top 10 (city, unit: 10,000 yuan) of blockchain project financing amount from January to June 2019
Source: Zero Think Tank
(3) The round is based on the initial round, and the average round of single round financing is the highest in the B round.
Excluding the financing model such as ICO/STO/IEO, the blockchain project financing from January to June 2019 is still based on the initial financing period (before the B round).
In terms of the amount of financing, in addition to strategic investment, the initial round of project financing has a high proportion of 88.06%. Among them, the number of seed/angel rounds is the largest, accounting for 75, accounting for 55.97%. Only 16 blockchain projects were obtained for round B and subsequent rounds.
Figure 10: Distribution of financing rounds of blockchain projects from January to June 2019 (according to the number of financing, unit: pen)
Source: Zero Think Tank
In terms of the amount, the round A received the largest amount of financing, which was 3.126 billion yuan, accounting for 36.4% of the total. Although the seed/angel round has a large number of financing projects, due to the low single financing amount, the average financing for each project was 14.96 million yuan, totaling 1.122 billion yuan.
Figure 11: Distribution of financing rounds of blockchain projects from January to June 2019 (according to financing amount, unit: 100 million yuan)
Source: Zero Think Tank
As the project obtained by the D round of financing has not disclosed the amount publicly, according to the current statistics, the B round is the project with the highest financing amount for a single project. On average, each B round project can obtain financing of 118 million yuan, followed by the C round. The average single project financing amount is 101.8 million yuan.
2. The number of B rounds and subsequent rounds in the US is significantly ahead of China.
From the overall geographical distribution from January to June 2019, China's 71 projects are slightly ahead of the US's 64 projects. However, from the point of view of the B round and the subsequent rounds, the United States is significantly ahead of the three in China with nine projects. It can be seen that there are many early-stage projects in China's blockchain, which lag behind the United States in the development speed of blockchain projects.
In addition to China and the United States, Europe's overall strength is relatively strong. One blockchain project in the UK, France and Switzerland has received financing in round B and subsequent rounds.
Arch block project from the United States Arch is the only project to receive D round of financing, but the specific financing has not been disclosed.
Table 1: Obtaining Blockchain Projects for Round B and Later Rounds
Source: Zero Think Tank
3. The blockchain technology development projects in the first half of the year are the most vulnerable to high financing.
From January to June 2019, the blockchain project received $1 billion from Bitfinex, the most financing source, followed by Bakkt, which received $182.5 million in Series A financing. In the first half of 2019, Jia Nan Zhizhi, one of the three major mining machine manufacturers, completed a round of financing worth hundreds of millions of dollars. After the completion of the financing, the valuation was several billion dollars.
Table 2: Financing amount of blockchain project from January to June 2019 Top10
Source: Zero Think Tank
In the top 50 financing amount, the blockchain technology development and digital currency trading platform are the two most popular projects in the first half of the year, accounting for 26% and 18% of the top 50 projects. Application projects have also received increasing attention, with seven financial services applications and other application projects each receiving high financing.
Figure 12: Scene distribution of Top 50 financing amount of blockchain project
Source: Zero Think Tank
Pantera Capital was the most active in its investment in the first half of 2019, with a total of nine investment activities. The selected investment objects cover a relatively comprehensive range, specifically involving trading platform, technology development, financial services and payment. This is an investment company that specializes in venture capital, tokens and projects related to blockchain technology, digital currency and cryptographic assets.
The number of investments in the Digital Currency Group followed, with a total of seven investments in the first half of the year. The objects involved include the block network underlying network development category, entertainment social, trading platform, and payment for multiple fields.
In contrast, Kevin Capital's investment direction is relatively focused, mainly for the investment of cultural and social blockchain projects, the number of investments is five times. In addition, for the direction of technology development and venture capital incubation, Branch Bank Capital has also been involved.
In the first half of 2019, SBI investment had the same amount of investment as Keyue Capital, and it favored and invested in the underlying network of blockchain, and also invested in the direction of payment and trading platforms.
Figure 13: Blockchain investment institution Top10 from January to June 2019 (according to the amount of investment, unit: pen)
Source: Zero Think Tank
Figure 14: Distribution of investment scenarios for Topchain investment institutions Top10 (by investment amount, unit: pen)
Source: Zero Think Tank
Second, the secondary market is picking up, and the price of bitcoin has exceeded $10,000.
(1) Bitcoin prices continued to break through, and the currency platform BNB increased the most.
Since March 2019, the secondary market for cryptocurrencies has generally recovered. From the price point of view, in addition to a slight decline in the US dollar stable currency USDT price, the top ten cryptocurrency in the market value achieved price increases in the first half of the year, of which seven currencies rose more than 100%. In the first half of the year, the price of the currency platform BNB increased by 476%, the largest increase.
Among the top ten currencies, the USDT situation is more special: the market value rose by 89%, but the price fell by 3%. For USDT, small price fluctuations are normal. Market sentiment and supply-demand relationship will lead to fluctuations in small-scale prices. The sharp increase in market value is mainly due to Tether's multiple additions of USDT in the first half of the year.
Figure 15: Market capitalization and price fluctuations of the top ten market capitalizations
Source: CoinMarketCap
On April 2, bitcoin prices rose 18% in a single day, and prices broke through $5,000 in one fell swoop. On May 14, bitcoin prices fell back to $8,000 in July 2018, and returned to $8,000 in a year. At 7:00 on June 22, Beijing time, Bitcoin broke through the $10,000 mark. The price continued to break through and it approached $14,000 on June 27. But then bitcoin prices plunged 2,000 dollars in short-term, falling below $12,000.
Although price volatility is still fierce, cryptocurrencies such as Bitcoin have achieved remarkable results in terms of return on investment in the first half of 2019, exceeding all traditional investment assets including oil, gold, Standard & Poor's and A-shares.
The market in the first half of 2019 made many people in the industry think that the market situation has reversed, and another spring of cryptocurrency has arrived.
Figure 16: BTC Market and Price Chart
Source: CoinMarketCap
(2) Multiple factors inside and outside to promote the encryption market to pick up
The value of cryptocurrency represented by bitcoin comes from the "consensus", and the price is greatly affected by the user's psychological expectations and market sentiment. The reason why the encryption market in the first half of the year has seen a sharp recovery is mainly due to the positive news, and the internal and external factors have pushed the price up.
First, from February 14th, JP Morgan Chase announced that it will release the cryptocurrency JPM Coin until June 18th, Facebook-led digital currency project Libra released a white paper, traditional giant companies and institutions are constantly entering, bringing new users to the encryption market. The growth point has kept the market in a state of excitement. In particular, the Libra project is regarded as a landmark event in the mainstream society entering the cryptocurrency market, which has led to endless discussions in the industry.
In addition, the large-scale entry of off-exchange funds has broken the embarrassing situation that the cryptocurrency market has been in the stock market since 2018. In the first half of the year, many well-known companies represented by Fidelity and Citigroup announced that they will launch cryptocurrency business. Bakkt, the cryptocurrency trading platform of Intercontinental Exchange, also announced the opening of the Bitcoin futures contract test, which is expected to allow more people to participate in cryptocurrency transactions. market.
In addition to optimistic about cryptocurrencies, the reason for the presence of off-exchange funds is due to the strong hedging nature of Bitcoin. The Fed’s interest rate cuts and the sluggish global capital markets have made bitcoin and gold more investment options. Bitcoin has a certain effect on the instability of the global market, which is why institutions are willing to choose bitcoin. When investors look for safe-haven investment targets or hedging instruments in the global market environment in the first half of the year, their funds return to more cryptographic assets such as Bitcoin.
In addition, the emotional impact of internal users in the encryption market is also evident. As bitcoin prices continue to break through, and external good news emerges endlessly, the cryptocurrency market users FOMO (Fear of Missing Out) is more and more obvious. FOMO sentiment is not uncommon in the cryptocurrency market, and it is basically the same every time the market rises. This kind of emotion will lead users to blindly optimistic about the future psychological expectations, afraid to miss the next round of growth, and thus chase high positions. Many analysts believe that after the bitcoin price broke through the $10,000 mark, the market's FOMO sentiment began to become apparent.
Another internal factor in users' psychological expectations of cryptocurrency is that according to the design mechanism, the "mainstream" bitcoin of the cryptocurrency market will usher in a new round of halving in the first half of next year (every four years, each block will be generated. Bitcoin rewards will be halved). History has shown that every halving of bitcoin rewards will lead to higher bitcoin prices, triggering a new round of growth.
(3) Bitcoin price fluctuations are highly correlated with Google search popularity
Google Trends can show Internet users a degree of attention to one thing (one thing or one keyword). From the Google search fever from January to June 2019, the search power of the "blockchain" in the first half of the year remained basically stable, while the search for Bitcoin fluctuated drastically.
The "blockchain" search heat is mainly due to the fact that the blockchain technology in the first half of the year has not made a significant breakthrough, and the "killer" blockchain application and landing practice cases have not yet appeared.
The "Bitcoin" search popularity is generally higher than the "blockchain" and the ups and downs are due to the continuous breakthrough in bitcoin prices in the first half of the year, which has driven the entire encryption market to pick up. Comparing the fluctuations in bitcoin prices and Google Trends, it is not difficult to find that every time the "bitcoin" search peak occurs, it is bound to be accompanied by dramatic fluctuations in bitcoin prices.
Figure 17: Google search trend for "Bitcoin" and "Blockchain"
Source: Google search
Third, the top ten events in the blockchain in the first half of 2019 (in chronological order)
January: "Lightning Torch" delivers lightning network development
The event quickly became popular in the Bitcoin community. The participants included not only Twitter co-founder JackDorsey, Blockstream's chief strategy officer, Yong Yongquan, "Master of Bitcoin" by Andreas Antonopoulos, Chan An Zhao Changpeng, and Bo Yisun Yuchen. There are also institutions and organizations such as Fidelity Digital Assets and the Harvard Business School blockchain and cryptocurrency club.
Until April of this year, the Bitcoin Lightning Torch completed its last pass in Venezuela. After nearly three months of lightning torch relay, a total of 0.429 BTC donations were received. This income will be used to help Venezuela's people affected by hyperinflation. At the same time, this payment experiment has attracted more people to pay attention to and participate in the use of Bitcoin lightning network, which promoted the development of lightning network.
On February 14, JPMorgan Chase, the largest commercial bank in the United States, officially announced the launch of JPMCoin (hereinafter referred to as: Morgan Coin). The Morgan Coin will be issued by JP Morgan Chase in its private chain project Quarum, designed to be exchanged with the US dollar 1:1, that is, each Morgan coin corresponds to the bank's $1 deposit, there is no limit on the number of issues.
Morgancoin is mainly for B-end institutional users (large-scale institutional clients such as companies, banks and brokers who have undergone regulatory review, such as companies, banks and brokers), for inter-agency instant payment and clearing settlement scenarios. The user is open.
JP Morgan Chase announced that the currency has opened the prelude to institutional entry in the first half of 2019, and it also represents the changing attitude of financial institutions such as global banks to blockchain and cryptocurrency. Although the Morgan coin may be just a prototype and experiment, it has already seen new hopes in the market.
According to the latest news from Bloomberg, Morgancoin will start trial operation as early as this year.
Since the formal implementation of the Regulations on the Management of Blockchain Information Services on February 15, 2019, the State Internet Information Office has organized and carried out the record review work in accordance with the law. On March 30th, the Internet Information Office officially released the first batch of 197 domestic blockchain information service filing numbers.
According to the requirements of the “Regulations on the Management of Blockchain Information Services”, the blockchain information service provider shall indicate its record number in a prominent position such as the Internet station and application program that it provides external services. As for the role of this filing, the Office of the Internet Information Office stated that the filing is only the registration of the relevant information on the main blockchain information, and does not represent the recognition of its institutions, products and services, and emphasizes that no institution or individual may use it. For any commercial purpose.
The first batch of companies that obtained the record number include Internet giants such as BATJ, and financial institutions such as Zheshang Bank, Weizhong Bank, and Ping An. Blockchain technology companies such as China Chain and Interest Chain are also among them. Geographically, blockchain companies with record numbers have obvious agglomeration effects, with the largest number in Beijing, followed by Zhejiang and Shenzhen, which may be closely related to the blockchain support policies.
On the evening of April 3, Jonathan Ingram, the chief legal counsel of the SEC Corporate Finance Department, issued the first no-objection letter to the letter from the blockchain startup TurnKey Jet.
On the same day, the US Securities and Exchange Commission (SEC) issued its first “Digital Assets” Investment Contract “Attribute Analysis Framework” guidelines to help market participants determine whether the various types of distribution, sale and distribution of digital assets comply with federal securities laws. Provisions. The framework guidelines issued by the SEC only provide guidance on the analysis of the "investment contract" attribute of digital assets, and explain in detail how the token issuer should treat the issued and sold tokens, and how to evaluate whether these tokens should be registered. Whether securities, and digital assets previously sold as securities, should be re-evaluated.
The guidance document issued by the SEC mainly clarifies how the project party evaluates whether the digital assets are classified as securities when the digital assets are issued and sold as investment contracts. At the same time, the document also gives some factors and evaluation criteria to consider when determining that digital assets are not securities. These factors and evaluation criteria are not comprehensive and there is no single decisive factor, but they still have a positive reference for those engaged in the issuance, sale and distribution of digital assets.
On April 26th, Beijing time, the Office of the Attorney General of New York issued a statement on the funding of Bitfinex and Tether, pointing out that the well-known exchange Bitfinex lost $850 million and tried to use Tether's USDT reserve funds to fill the gap and cover up the huge losses.
In the two days from April 24 to 25 before the incident, Tether issued nearly 420 million USDTs on the Omni, Ethereum and Wavefield platforms, equivalent to $420 million. It is reported that Bitfinex needs huge funds because its BTC assets in many countries in the world have been seized by the regulatory authorities, resulting in acceptance pressure.
Earlier on March 14, Tether revised the components of the USDT mortgage assets on the official website, announcing that each USDT no longer has to correspond to $1, but can choose the corresponding asset reserve, including: cryptocurrency, cash equivalents, and Accounts receivable from third parties, etc.
In the early morning of June 4, Sun Yuchen, founder of TRON, officially released an open letter to the community: Warren Buffett Charity Luncheon via social media, confirming that it has already sold for $4.57 million (31.54 million yuan). Take a Buffett charity lunch and set the highest price ever.
In an open letter, Sun Yuchen said in a blockchain evangelist that "this lunch with Buffett will be an opportunity to seek mutual understanding and growth. In order to enhance dialogue and support the entire cryptocurrency and blockchain community, I Will invite digital blockchain industry leaders to go to New York for a luncheon," I have been emphasizing that we can't just build platforms for decentralized applications, finance and other areas, and we must spend as much time as possible Establishing and nurturing communities to support the concept of blockchain "," I also firmly believe that through proper understanding and communication, Buffett will transform his overall position on cryptocurrency and blockchain, and integrate this new investment strategy into his own investment. combination".
On June 18th, social media giant Facebook released a high-profile Libra Stabilization Coin project white paper. According to the white paper, Libra's mission is to create a simple, borderless currency and financial infrastructure that serves billions of people.
Unlike most cryptocurrencies, Libra is fully supported by real asset reserves. For each newly created Libra cryptocurrency, there is a basket of bank deposits and short-term government bonds of relative value in the Libra Reserve to build trust in its intrinsic value.
Libra will be operated by the independent non-profit Libra Association. The Libra Association will be a regulatory entity consisting of 100 independent members. It currently includes 28 founding members including Uber, Paypal, Visa and Coinbase, covering payments, telecommunications, venture capital, blockchain, etc. Many fields.
The high efficiency and security of the Libra blockchain comes from the core of the two technologies, one is the optimized Byzantine fault-tolerant consensus mechanism, and the other is the Move language specifically designed for the trading and management of digital assets.
Although technically, Libra may make substantial progress in promoting the application of digital currency and raising the public's digital currency awareness, but this digital currency transcending national borders may encounter many obstacles in the future promotion process. .
IEO, the full name of "Initial Exchange Offerings", refers to a project in addition to the early private placement is the participation of the organization, the subsequent public offerings and online transactions are completed on the same exchange.
On January 28th, the "Launchapad" platform of the currency security was launched on the first IEO project BTT. In 15 minutes, 60 billion tokens were sold out. By January 31st, BTT was officially opened for trading in the currency, and the opening price was nearly five times higher than before. On February 25th, another IEO project FET opened the public offering at Lunachpad for $0.0867, and was announced 22 seconds after the opening of the purchase. After officially trading in the currency security transaction, the price has also increased nearly three times.
The success of continuous projects has made IEO the focus of attention. Coin founder Zhao Changpeng wrote on social media, "I am very happy that more and more people have joined the IEO club. We believe that the blockchain financing is the killer application." Subsequently, head exchanges such as OKex and Firecoin and many small and medium-sized exchanges also announced the launch of the IEO project.
The root cause of IEO becoming a hotspot is that the bear market exchange needs to retain users and increase user transaction activity, and the project side also needs financing channels. The IEO can open up the first- and second-tier markets, and at the same time use the exchange itself as a guarantee to control the quality of the project and increase the enthusiasm of investors.
DeFi, Decentralized Finance, or Decentralized Finance, is a decentralized agreement used to build an open financial system designed to allow anyone in the world to conduct financial activities anytime, anywhere. This area is one of the fastest growing areas of blockchain applications in 2019 and is considered one of the most exciting development prospects for the blockchain industry in 2019.
DeFi is still in the early stages of an industry's development, but from the stable currency to decentralized exchanges, wallets, payments, lending and wealth management, the entire DeFi ecosystem is gradually improving. According to defipulse and other website data, the current DeFi ecosystem on Ethereum and EOS has a total lock value of about $1.5 billion. Borrowing, derivatives, and trading platforms account for the current market size of DeFi.
In the first half of 2019, the development of Ethereum 2.0 continued to advance and made significant progress.
As early as the beginning of February, Ethereum announced that it had released the first pre-release version of Phase 0 of the evolution to the Ethereum 2.0 network. In early May, Prysmatic Labs, the ETF's build team, announced the release of the prysm client test network. This client was developed by Prysmatic Labs using Go. Subsequently, Preston Van Loon, co-founder of the fragment development company Prysmatic Labs, announced on Meduim that the Beacon (Beacon Chain) test network of Taifang 2.0 was officially launched.
Source: Zero Finance
Disclaimer: This article does not represent Babbitt's position and does not constitute investment advice. Please be cautious.
Viking No. Statement: This article was uploaded and published by the pirate “Zi Cai Finance·Binary”. The content is the independent view of the pirate author. It does not represent the position of Babbitt. Click to view the Viking User Agreement.
- Blockchain financing in the first half of the year: the United States overtakes China, Hong Kong dominates Greater China, and Hangzhou presses Beishangguang
- Zhu Jiaming: The Super Experiment of Currency Internet——Libra Analysis
- Zhu Jiaming: Libra and the holographic monetary economic system of the future world
- From the deployment of five major ecological scenarios, look at the blockchain strategy of Ping An
- Buffett lunch of $4.57 million: Another multi-faceted Sun Yuchen's ghost marketing?
- Low-key Huawei: not only chips and 5G, but also blockchain
-
Posted 9 minutes ago[ My Dash Wallet vulnerability warning: attackers use malicious plugins to steal the online and unlock passwords of online wallets ]According to Chengdu Chain Security, the analysis of recent users broke the news that My Dash Wallet wallet has security holes and caused the loss of user funds: online wallet https://mydashwallet.org When users create HD wallet and unlock HD wallet, the webpage plugin will Send the user's keystore encrypted data and decrypted password to https://api.dashcoinanalytics.com/stats.php. The attacker inserts a malicious plugin into the online wallet in some way. When the user uses the online wallet, the malicious plugin is loaded, and the malicious plugin obtains the value of the seed and the unlocked password, thereby obtaining control of the wallet and directly causing the user's property. loss. Suggestion here: If the user has recently used an online wallet, it is recommended to generate a new wallet by other means and transfer the property to the new wallet.
Source: Chengdu Chain
-
Posted 12 minutes ago[ Data shows: the market value of BTC recorded a new high in the year, and the transaction volume of mainstream exchanges continued to grow ]According to TokenGazer data analysis, as of 17:00 on July 11th, the BTC price was 11,470.94$, the market value was 205,794.10M, and the 24H BTC transaction volume of the mainstream exchange was about $3,197.62M, which was 18.3% higher than yesterday, considering the BTC price down. The element, the increase in trading volume is more due to the market selling reasons; in terms of computing power, the BTC computing power has not continued to rise, there is a certain decline; in terms of the number of active addresses, the number of active addresses in the BTC chain has also been reduced; Nearly 7000BTC sell-off and USDT/RMB premium disappeared in the short term, which has certain negative effects on mainstream currencies, but has little impact on BTC. In terms of market capitalization, BTC market value recorded a new high in the year, currently about 65.41%; During the day, BTC/USD Coinbase exchanged positive and negative premiums on BTC/USD Bitfinex; in futures, BTC long and short open positions have a certain decline, and Bitmex shows that BTC open orders have entered the downtrend channel from 23:00 on the 10th, The BTC price fell at the same time point.
Source: TokenGazer
-
Posted 17 minutes ago[ Feng Lun: Blockchain, artificial intelligence and other technologies may profoundly affect the development of the real estate industry in the next decade ]According to the 36-year-old news, on July 10th, at the "2019WISE Super Evolution" conference, Feng Lun, the director of Yuhao Group and founder of Wantong Group, said, "There has been a lot of new developments in new technology during this period, like labor. Intelligence, blockchain, cloud computing, biological life sciences, etc. These things seem to have little to do with real estate, but in terms of the industry, these may profoundly affect the development of the real estate industry in the next decade. So when it comes to super-evolutionists, There is still a huge space for evolution in the real estate sector.” He also pointed out that “all space-related transactions have changed due to technological advances, and now there is a system in Nasdaq, USA that has developed blockchain technology. Under the trading platform, even if there is a rent of 1 square meter, you can directly put it on the Internet without an approval system, and automatically form a contract, you can realize it. Through digital currency, it becomes a legal currency and exchanges like this. Technology is a new opportunity brought about in the real estate sector, the space sector, and the changing trading formats."
Source: 36氪
-
Posted 28 minutes ago[ Data shows: As of 17 o'clock today, Dapp added 3 new, EOS Dapp active users are 96701 ]According to DappReview data, as of 17:00 today, Dapp added 3 new, EOS Dapp active users 96701, transaction volume 40.82 million yuan; Tron Dapp active users 50206, transaction amount 55.4 million yuan; ETH Dapp active users 20917, transaction volume 170 million yuan. Dapp transaction volume in the past 24 hours: EOS highest is “EOSJacks” (transaction amount is 12.1 million yuan); wave field is highest “TRONbet” (transaction amount 40.15 million yuan); Ethereum highest is “NEST” (transaction amount 2824) Ten thousand yuan).
Source: DappReview
-
Posted 31 minutes ago[The Canadian government has relaxed some new anti-money laundering regulations, and encrypted exchanges only need to report more than $10,000 in transfer transactions ]According to The Block, the Canadian government has relaxed some new anti-money laundering regulations based on feedback from payment service providers and cryptocurrency exchanges. The report states that cryptocurrency exchanges only need to report transfers of more than $10,000 without having to report every transaction. Canadian Treasury officials are currently awaiting guidance from the FATF, so the development of new regulations has not yet been completed.
Source: The Block
-
Posted 53 minutes ago[ Xiong'an New District will build a smart economy pilot zone with technologies such as blockchain ]According to the 21st Century Business Herald, on July 11, Xu Zhenqiang, deputy director of the Digital City Center of the China Urban Science Research Association and head of the high-quality development project of the Smart City of Xiong'an New District of the National Development and Reform Commission, said that relying on the design of the smart economy pilot zone, 5G and Artificial intelligence is fully integrated into the program and based on nine business models of smart cities, narrow-minded smart cities (information infrastructure), big data (information flow applications), artificial intelligence (new economic rules) and blockchains (data) Key factors such as relationship change are realized in space, strengthening the direct pull of artificial intelligence to the economy, accelerating the pace of data aggregation and application efficiency improvement, and steadily realizing data assetization and achieving commercial success.
Source: 21st Century Business Herald
-
Posted 1 hour ago[ Vector Capital Announces Campaign Against Original Chain Bystack Consensus Node ]Today, Vector Capital announced its participation in the election of the node of the original chain Bystack. This is a blockchain venture capital institution facing the world. It focuses on the value investment of the middle and lower reaches of the global blockchain industry, attaches importance to post-investment management, and lays out the blockchain ecology. BTM holders can vote for Vector Capital to participate in the Bystack Ecology and earn Staking benefits. Bystack is a blockchain BaaS platform based on the original chain, helping developers quickly create, manage and maintain enterprise-level blockchain networks and commercial blockchain applications. Since the global recruitment of Consensus Nodes was launched on June 5, 2019, there have been 51 teams from all over the world participating in the campaign, and the recruitment of the festival will be open for a long time.
Source: than the original chain
-
Posted 1 hour ago[ Ethernet client Geth release version 1.9.0 ]According to the Ethereum official blog news, the Ethereum client Geth released version 1.9.0, which improves CPU and disk performance, natively supports new hardware wallets such as Ledger Nano X (via USB) and Status keycard. In the performance improvement feature, if you use the fast synchronization method to synchronize block data, the new version can save 7 hours compared with the old version and reduce the hard disk space of 45GiB. If you use full-node synchronization and archive synchronization, you can save more time and space.
Source: Ethereum Official Blog
-
Posted 1 hour ago[The wave field super community running road funds totaled 650 million TRX inflows from the exchange yesterday ]According to PeckShield Digital Asset Escort System (AML) data, the main wave address of the “wave field super community” has recently transferred funds frequently. Since yesterday, a total of 651,583,193 TRXs have flowed into multiple exchanges, worth RMB 126 million. Among them, there were 525,937,816 TRXs flowing into the currency, 119,157,864 TRXs flowing into the fire, and very few of them flowed into the Bitfinex exchange. PeckShield security personnel further analyzed and found that a total of 675 million TRX funds had been frozen by the fire coins. In order to avoid tracking and freezing, the intensive transfer behavior in the past two days has multiple addresses scattered and interchanged. At present, there are still billions of TRXs in the wave field super community that exist in multiple addresses, and there is a possibility of further flow to the exchange. In view of the frequent incidents of project-side roads, PeckShield reminds users to pay attention to identifying projects, carefully participate in investment, and avoid loss of digital assets. At the same time, it is urged that major exchanges should do address marking to help freeze the inflow in time. Dirty money.
Source: PeckShield
-
Posted 1 hour ago[ "Bitcoin" re-listed on Weibo hot search list, now ranked 23rd ]On the afternoon of July 11, “Bitcoin” once again boarded the Weibo hot search list and is now ranked 23rd. It is understood that Bitcoin once broke through the $13,000 mark yesterday and is now oscillating around $11,600.
Source: Sina Weibo
-
Posted 1 hour ago[ 8BTCCI index components are regularly adjusted (July 2019) ]On July 11, 2019, the Babbitt Composite Index (8BTCCI) completed monthly regular adjustments. Considering factors such as market capitalization and trading volume (weighted average), the adjusted 8BTCCI index in July excludes ICX, HOT, LSK, ZRX, BTS, BCD, REP and increases ATOM. According to QKL123 data, the number of Tokens in the 8BTCCI index was reduced from the original 38 to 31 in July. The sum of the weights of the top ten Tokens of the adjusted 8BTCCI index in July was 93.58%, of which the weights of BTC and ETH were 51.48% and 14.66%, respectively, and the weights of the remaining Tokens were below 7%. 8BTCCI was released on December 7, 2018, with reference to the Nasdaq Composite Index. 8BTCCI comprehensively considers Token's circulation market value and transaction amount to select the most representative Token in the entire market. The index component is reviewed once a month and the index component Token is adjusted based on the audit results.
Source: Babbitt
-
Posted 1 hour ago[ Market change: rising ]The current huobipro-BTC price: $11514.69, the fluctuation within 5 minutes is more than $114.69, the price amplitude is large, please control the risk.
Source: Babbitt
-
Posted 2 hours ago[ Japan Sumitomo Corporation invests in the US venture capital LO3 energy, used to explore the power platform of the application blockchain ]According to Cointelegraph, recently, Sumitomo Corporation of Japan invested in the New York startup LO3 Energy to explore the power platform for the application blockchain.
Source: Cointelegraph
-
Posted 2 hours ago[ LGame ecological core partner Egretia successfully logged into the Firecoin Global Station motherboard ]On July 10th, Beijing time, LGame's core partner Egretia (EGT) won the voting title in the overwhelming advantage of the Firecoin FastTrack and successfully logged into the main board of the Firecoin Global Station. In LGame's first game, "Giant", EGT (Egretia) is a perfect match with "Giant" in the form of game eco-pass, and EGT has become a popular concern in 2019. One of the cards. In the future, LGame will work with Egretia to bring more high-quality blockchain games to players around the world. LGame is formed by a group of blockchain enthusiasts from Taiwan and geeks who are proficient in blockchain technology. It is committed to building a global ecosystem operation system, creating a tens of millions of user ecosystems and providing better games for different platform users. Experience.
Source: LGame
-
Posted 2 hours ago[ Japan's cryptocurrency exchange DeCurret increased its capital by 3.4 billion yen to develop a new settlement system for cryptocurrency ]According to Crypto Watch, on July 11, DeCurret, the Japanese cryptocurrency exchange, announced that it had raised 3.4 billion yen (about RMB 216 million) through third-party capital increase. Investors include 12 companies such as Internet Initiative Japan (IIJ), the company's largest shareholder. The capital increase will be used to strengthen the development system of the new settlement system for cryptocurrency.
Source: Crypto Watch
-
Posted 2 hours ago[ A share blockchain sector market fell by 0.51% overall ]On July 11th, the A-share market closed down. The blockchain sector fell 0.51% overall. Of the 123 concept stocks, 46 rose, 69 fell, net outflows reached 1.711 billion, and the turnover was 16.301 billion. The top three gainers were Royal Bank (+8.00%), Shenzhen Datong (+5.84%) and Stitch (+5.37%), and the top three were Huijin Technology (-9.93%) and Feitian Integrity (-7.64%). ) and Zhejiang University Network New (-7.35%)
Source: Straight Flush
-
Posted 2 hours ago[ Yudi City held a government executive meeting, requiring active exploration of the use of blockchain technology, monitoring, and eliminating violations of public resources transactions ]According to Loudi News Network, on July 10th, deputy secretary of the Loudi Municipal Party Committee and Mayor Yang Yuwen presided over the municipal government executive meeting. The meeting requested that we should further standardize the city's public resource trading activities, strengthen post-standard supervision, actively explore the use of blockchain technology to standardize, monitor, and eliminate violations of public resources transactions, and severely crack down on violations of standards such as stringing and labeling. Up and down, resolutely defend the principle of openness and fairness in public resource transactions and create a good business environment.
Source: Loudi News Net
-
Posted 2 hours ago[ BitMEX: Bitcoin has an invalid empty block at block height 584802, which seems to coincide with the collapse of the currency price ]On July 11, BitMEX Research said on Twitter that Bitcoin had an invalid empty block at block height 584802. The timestamp of this block was UTC time 14:35:27, which seems to be related to the bitcoin price drop. It is a coincidence, but it may just be a coincidence. In addition, BitMEX Research further stated that according to Forkmonitor.info data, eight nodes identified the block as invalid, namely: Bitcoin Core 0.18.0, Bitcoin Core 0.17.1, Bitcoin Core 0.16.2, Bitcoin Core 0.10 .3, bcoin, Bitcoin Knots 0.14.2, btcd, Libbitcoin.
Source: Twitter@BitMEXResearch
-
Posted 3 hours ago[ Shenzhen encourages business enterprises to apply new technologies such as blockchain to develop new retail projects ]According to the Nanfang Daily News, the "Shenzhen Municipal Bureau of Commerce Industrial Development Special Funds Consumption Promotion Support Plan Operating Procedures" was issued a few days ago, which stipulated that the retail sales of commercial enterprises should increase 500,000 yuan for each 100 million yuan increase, and the single enterprise reward limit of 10 million yuan. Shenzhen encourages commercial and trade enterprises to apply new technologies such as the Internet, Internet of Things, big data, and blockchain to develop new retail projects, and provide funding for eligible markets and projects based on 20% of the actual investment.
Source: Nanfang Daily
-
Posted 3 hours ago[ Zhu Junsheng of the Development Research Center of the State Council: Risk management and compliance management based on blockchain can improve the risk control level of insurance companies ]According to the 21st Century Business Herald, Zhu Junsheng, a professor at the Financial Research Institute of the Development Research Center of the State Council, said in an interview that big data technology can accurately identify possible fraud patterns, claimant frauds and possible fraudulent networks in claims. Fraudulent performance reduces the risk of claims. Improve the effectiveness of insurance anti-fraud through insurance anti-fraud based on big data and artificial intelligence and risk management and compliance management based on blockchain, reduce moral hazard and insurance fraud, improve the risk control level of insurance companies, and achieve total customer satisfaction. win.
Source: 21st Century Business Herald
We will continue to update Blocking; if you have any questions or suggestions, please contact us!
Was this article helpful?
93 out of 132 found this helpful
Related articles
- The road to Ethereum 2.0
- STO new regulations, encryption, corporate bank account opening or release | Interview with Taiwan's "legislators" Xu Yuren
- Iran fitting the cryptocurrency mining, the central bank: need to meet these two conditions
- Dry goods | Nick Szabo: The origin of money (Part-6): spoils and infringement compensation
- QKL123 Quotes | BTC Multi-Army Retreat, Concussion Adjusts the Situation (0711)
- Behind the competition currency market flash collapse 25%, the bitcoin bull market is crazy bloodsucking
- How to make the consensus faster than the original chain BBFT – a comparison between BBFT and FBFT/HotStuff
