| Bitfine was accused of embezzling Tether funds to make up for $850 million in losses; Mentougou’s claim was postponed for 6 months

headlines

Bitfinex Secretly Covers $850M Loss Using Tether Funds

Bitfinex Secretly Covers $850M Loss Using Tether Funds

digital currency

On April 25, the New York Attorney General's Office stated in a press release that the encryption exchange Bitfinex lost $850 million, and then used Tether's funds to secretly make up for it. It is reported that iFinex Inc. operates both Bitfinex and Tether. (CoinDesk)

According to Mt. Gox official news, Mt. Gox and its trustee Kobayashi Nobuaki issued an announcement stating that due to the fact that most of the claims rejected by the Mt. Gox Civil Rehabilitation Claims Trustee have not yet been determined whether they need to accept the application claim assessment process, the Tokyo District The court decided to change the submission deadline for civil rehabilitation plans to October 28, 2019.

Bloomberg: Encryption industry representatives such as Binance and Coinbase planned to create a new asset class in January

Bloomberg: Encryption industry representatives such as Binance and Coinbase planned to create a new asset class in January

Bloomberg: Encryption industry representatives such as Binance and Coinbase planned to create a new asset class in January

Standard Chartered Bank executive Hoe Lon Leng organized a conference in January this year, bringing together more than 20 top traders in the encryption market, with participants from Galaxy Digital, Coinbase and Binance. The meeting focused on private bilateral derivatives known as over-the-counter contracts, rather than exchange-traded products such as bitcoin futures, with the goal of creating a framework for an orderly crypto derivatives market. (Bloomberg)

Visa’s Q2 2019 conference call transcripts show that a partnership with cryptocurrency service Coinbase was reached during the quarter. The partnership allows users of encrypted Visa debit cards to pay with cryptocurrencies directly from their Coinbase accounts. This is a long-term business contract and I am very satisfied with the current progress. (Yahoo Finance)，Media: The MakerDAO Foundation management is experiencing infighting, and five board members are under pressure from the CEO to resign

DAI may increase the stability fee again

Blockchain application

An April 1 legal filing reveals an ongoing infighting within the MakerDAO Foundation. Five board members of the MakerDAO Ecosystem Growth Foundation (MEGF) stated in the document that at the end of March this year, the company CEO Rune Christensen pressured them to resign. In addition, on April 25th, MakerDAO’s proposal to increase the DAI stability fee by 2% again passed the first round of voting. This time the fee is expected to increase to 16.5%. (CoinDesk)

Blockchain application

Nike applies to register trademark "Cryptokicks", or related to cryptocurrency business

On April 25, Japan's Softbank announced that it will cooperate with East Japan Passenger Railway, JR East Japan Information System and Mizuho Information Research Co., Ltd. to implement experiments using blockchain to build a new test foundation for smart cities. The purpose of this experiment is to prevent the transfer of usage rights and the tampering and leakage of personal data of service users. (Crypto Watch)

Investment and Financing

Investment and Financing

Alt Thirty Six, a digital payments and compliance platform, secures $10 million in Series A funding

global policy

global policy

Approved by the Haikou Municipal People's Government, the Natural Resources and Planning Bureau of Haikou City has decided to transfer the right to use two pieces of state-owned construction land in the southern area of ​​the West Coast New District of Haikou City by listing, including the introduction of mobile Internet, artificial intelligence, Blockchain and other new generation science and technology innovation and cultivation industrial parks. (Hainan Daily)

The U.S. SEC is hiring a cryptocurrency financial analyst with an annual salary of up to $238,700

The U.S. SEC is hiring a cryptocurrency financial analyst with an annual salary of up to $238,700

The U.S. Securities and Exchange Commission (SEC) is hiring a "cryptocurrency financial analyst." According to the job posting, the analyst's responsibilities include coordinating with department personnel to formulate comprehensive solutions to solve problems in encryption and digital asset securities. Annual salary for this position is expected to be between $144,850 and $238,787 and may require completion of a one-year probationary period. (The Block)

Russia may test the use of cryptocurrencies in four regions including Moscow

Japan to hold T20 meeting on eve of G20 summit, agenda includes cryptocurrency-related matters

Japan to hold T20 meeting on eve of G20 summit, agenda includes cryptocurrency-related matters

Character·Voice

Character·Voice

Wanxiang Xiaofeng: If IoT technology is to become an institutional technology, it will inevitably require the cooperation of the blockchain

Wanxiang Xiaofeng: If IoT technology is to become an institutional technology, it will inevitably require the cooperation of the blockchain

On April 24, at the 2019 Shanghai 5G Innovation and Development Summit, Xiao Feng, chairman and general manager of Wanxiang Blockchain, said that the Internet of Things has the characteristics of becoming an institutional technology. To bring about changes in the economic structure, economic system and business model, we need the cooperation of other technologies, among which the blockchain is indispensable. Reasons include: 1. Identification of the device. 2. The ledger system of the device. 3. Confirmation of ownership of device data. 4. Accounting and exchange unit for device data.