| Deloitte will launch a "big project" on Ethereum at the end of the year; Japan's bitFlyer's revenue in 2018 was 14 billion yen, and its net profit exceeded 2.1 billion yen

Organize | Qin Xiaofeng

Editor | Liang Chen

Produced by Odaily

headlines

Deloitte to launch 'big project' on Ethereum by year's end

Antonio Senatore, global chief technology officer of Deloitte blockchain project, revealed in an interview with CCN that Deloitte will launch a very large project on the Ethereum platform by the end of the year. Senatore said Deloitte is a firm believer in multi-platform development, with 50 percent of its projects built on Ethereum. A member of the Deloitte team praised Ethereum, pointing out that Ethereum is a tested, open source, and transparent robust network. (CCN)

Organize | Qin Xiaofeng

Produced by Odaily

digital currency

headlines

Deloitte to launch 'big project' on Ethereum by year's end

Antonio Senatore, global chief technology officer of Deloitte blockchain project, revealed in an interview with CCN that Deloitte will launch a very large project on the Ethereum platform by the end of the year. Senatore said Deloitte is a firm believer in multi-platform development, with 50 percent of its projects built on Ethereum. A member of the Deloitte team praised Ethereum, pointing out that Ethereum is a tested, open source, and transparent robust network. (CCN)

Japan's bitFlyer's revenue in 2018 was 14 billion yen, and its net profit exceeded 2.1 billion yen

Japanese cryptocurrency exchange bitFlyer has announced its 2018 financial results. From January 1 to December 31, 2018, bitFlyer achieved operating income of 14.085 billion yen (approximately 128.5 million U.S. dollars), operating profit of 5.335 billion yen (approximately 48.67 million U.S. dollars), and ordinary profit of 4.894 billion yen (approximately 44.65 million U.S. dollars). US dollars), the net profit for the period was 2.146 billion yen (approximately 19.58 million US dollars). As bitFlyer is a non-listed company, considering its growth potential, taking the TSE Mazaz market as a reference, if calculated at a price-earnings ratio of 15-30 times, its valuation is approximately 32 billion to 64 billion yen (approximately 290 million-5.8 One hundred million U.S. dollars). (Coinpost)

digital currency

Coin.dance data shows that the BCH network upgrade has been completed, and 2 blocks have been mined according to the new consensus rules. This upgrade has two key points: enabling Schnorr signatures and allowing Segregated Witness recovery.

Zcash operator released the 2019 Q2 Transparency Report: The company suffered serious losses and currently holds assets worth about $5 million

On May 14, Zcash operator Electric Coin Company released the 2019 Q2 Transparency Report. The company’s operating costs in the second half of 2018 averaged $700,000 per month, and the company has been in a serious loss; the company’s current USD and ZEC total Worth around $5 million. (Zcash)

eBay has confirmed that it did post some promotional images related to cryptocurrencies at this year's Consensus New York conference. However, eBay spokesperson Candace said that the eBay platform does not accept cryptocurrencies as a payment method, nor is it part of eBay's payment strategy. (Trustnodes)

Investment and Financing

Coinbase CEO: 60% of Coinbase's trading volume comes from institutions

Coinbase CEO Brian Armstrong said at the 2019 New York Consensus Conference: 60% of Coinbase's trading volume comes from institutions; Coinbase is discussing with companies such as StarkWare (focusing on the development of zero-knowledge proof technology), hoping that people can use the Coinbase wallet to conduct self-disclosure. Escrow while still being able to participate in transactions.

Blockchain application

Huobi Global will trade BTC through Huobi Prime on May 22

Huobi Global issued an announcement: Bitcoin will be traded through Huobi Prime on May 22.

Investment and Financing

Upbit operator: Invested approximately KRW 55 billion in 26 blockchain start-ups with its venture capital firm

Blockchain application

Luxury Fashion Brand Alyx to Use IOTA's Distributed Ledger Technology for Supply Chain Tracking

global policy

Chuncheon, Gangwon-do, South Korea will invest 11 billion won in building a smart energy manufacturing industry based on the blockchain

Chuncheon, Gangwon-do, South Korea will invest 11 billion won (approximately 63 million yuan) in the blockchain-based smart energy manufacturing industry, and will provide virtual currency that can be used like cash to residential households that set up new renewable energy generation facilities . (Yonhap News Agency)

World Bank and Commonwealth Bank of Australia team up to enable secondary market bond transactions recorded on blockchain

World Bank and Commonwealth Bank of Australia team up to enable secondary market bond transactions recorded on blockchain

global policy

The French Financial Markets Authority will discuss the regulation of blockchain, encrypted assets, etc. with the Israeli Securities Authority

Character·Voice

European Commission Draft Document: Will Study Possible Laws for Crypto Assets

A draft European Commission document will examine possible laws for crypto-assets. (Golden Ten)

Japanese Finance Minister Taro Aso: Blockchain has a great possibility in the field of financial technology, and it is temporarily difficult to deal with the taxation of encrypted assets in a similar way to stocks

On May 14, Japanese Finance Minister Taro Aso stated on the issue of blockchain and encrypted asset taxation at the Senate Finance Committee: Blockchain technology in encrypted assets has great possibilities in the field of financial technology. With regard to tax treatment, the classification of income categories is based on the nature of the income, not determined by specific policy judgments. At this stage, it is difficult to treat encrypted assets (and stock investments) in the same way. (Coinpost)

Coinbase CEO: Encryption First 'Takes' Emerging Markets, and Will Eventually Gain Big Companies' Favor

Coinbase CEO: Encryption First 'Takes' Emerging Markets, and Will Eventually Gain Big Companies' Favor

Brian Armstrong, CEO of Coinbase, said: The first area to be "captured" by encryption is emerging markets, where people send large or small amounts of funds across borders in real time. In the end crypto managed to gain favor with big corporations who didn't want to pay (high) transaction fees.

Co-founder of Ethereum: Everything that the Internet has achieved can also be achieved by the blockchain

Joseph Lubin, co-founder of Ethereum, said: The Internet started with a dream of decentralization, and we ended up with these powerful entities. Why can't all this happen on the blockchain? We can tokenize web business models or platforms that people can own and participate in.

Bank of America CTO: No blockchain use case for financial services yet