| ETH postponed the difficulty bomb again; a number of chain companies entered the Hainan International Offshore Innovation and Innovation Pilot Zone

headlines

headlines

On December 1, Li Xiaofeng, former director of the Central Bank’s Financial Informatization Research Institute, said: “Digital currency originated from Bitcoin, and what digital currency brings is different from the original bank account system. It is based on public key and private key signatures, bringing decentralized Li Xiaofeng thinks, "Combined with practice, the digital currency issued on the first digital currency market is a commodity at best, so now many of them are not even up to Bitcoin, they are air coins, and what is really meaningful is Libra. It has an impact on the status of the RMB. Digital currency will bring about the construction of financial infrastructure, as well as how laws and regulations should be done. These issues need to be resolved. Our country is still cleaning up the door, and we have to clean up all kinds of exchanges and currency issuing institutions. , the central bank will make an official appearance, and the issuance of currency will require the state to monopolize the issuance.”

digital currency

digital currency

Ethereum Devs Unanimously Agree to Delay Difficulty Bomb

On Dec. 1, ethereum developers agreed to an emergency hard fork, weeks after the Istanbul upgrade. In public discussions among Ethereum developers and other non-development actors such as marketers or miners, all participants agreed that the difficulty bomb should be delayed. On November 21, Ethereum launched a "difficulty bomb" data showing that miners' block rewards dropped from about 13,500 ETH per day to 12,500 ETH, and the block generation time was extended by 1 second. (TrustNodes)

Parity developer: ETC hard fork Aztlan did not apply EIP-1884, may be attacked

Wei Tang, a Rust developer at Parity, said that some community members are working on the Ethereum Classic ETC hard fork Aztlan, which I think is not a very good hard fork. Because not applying EIP-1884 actually leaves an attack vector wide open. What is really concerning is that the paper describing the attack is actually public as well. It's only a matter of time before an attacker finds it, and for as little as a few thousand dollars, could disrupt the throughput of the network.

Galaxy Digital's net income surges 133% year-on-year in the first three quarters of 2019

The financial report released by the cryptocurrency investment bank Galaxy Digital on November 30 showed that it achieved a net profit of US$58.4 million in the first three quarters of 2019, an increase of 133% over the same period last year. The company disclosed a net loss of $68.2 million in the third quarter despite an overall profitable first nine months of 2019. Over-the-counter (OTC), one of Galaxy Digital's three major businesses, was the main cause of the loss, which amounted to $43.3 million. Nonetheless, in the third quarter, the total number of counterparties in the trading desk increased by 47% compared to the second quarter. As of September 2019, Galaxy Digital's asset management division managed a total of $336 million in assets, of which $325 million was for the EOS Fund. The fund made several venture investments in the third quarter, including venture investments in Loopland Group Holding, Versiart, Immutable, Predictive Pop and FinCo Services. (The Block)

On December 1, the Hainan International Offshore Innovation and Entrepreneurship (Sanya) Pilot Zone was unveiled. Auke Group, Tianya Community, Deding Innovation signed a strategic cooperation agreement with Sanya City, becoming the first batch of enterprises to settle in the pilot zone. Ouke Group announced that it will set up a blockchain offshore digital asset trading laboratory in the Sanya test zone, and will follow up with the construction of blockchain big data research institutes, blockchain innovative application research and development centers and other sections, and at the same time set up an Asia-Pacific headquarters to accelerate the promotion of regional Blockchain technology and industrial innovation and development; Tianya Community will set up a "Tianya Digital Content Copyright Transaction Blockchain Laboratory" in Sanya; Deding Innovation Fund will set up a blockchain industry investment fund in Sanya. (Xinhua News Agency)

Blockchain industry

Blockchain industry

Fan Yifei, Deputy Governor of the Central Bank: The business volume of the trade finance blockchain platform in the Guangdong-Hong Kong-Macao Greater Bay Area exceeded 70 billion yuan

On November 29th, Fan Yifei, deputy governor of the People's Bank of China, said that the People's Bank of China has built a blockchain platform for trade finance in the Guangdong-Hong Kong-Macao Greater Bay Area, and the current business volume has exceeded 70 billion yuan; the Foreign Exchange Administration has built a cross-border financial blockchain service platform. There are 1590 service enterprises. Note: The cross-border financial blockchain service platform of the State Administration of Foreign Exchange is a financial technology application pilot project led by six ministries and commissions led by the People's Bank of China. (Sina Finance)

At the China Digital Health Medical Conference held on November 30, the Hainan Provincial Health and Health Commission officially launched the Internet medical service supervision platform in Hainan Province, which will use blockchain, big data and other technologies to realize medical authenticity, medical behavior, medication Automated intelligent supervision and early warning of rationality, diagnosis and treatment level, medical expenses, etc. (Xinhuanet)

global policy

global policyFan Yifei, deputy governor of the central bank

: Strengthen the standard supply of blockchain applications, data security, and distributed databases in the financial field

Fan Yifei, deputy governor of the People's Bank of China, wrote an article "Standard Construction Improves the Modernization of Financial Governance" in the 23rd issue of "China Finance" in 2019. The article mentioned that at present, the lack of financial standards and some outdated financial standards are still prominent. To improve the quality of financial standard supply, on the one hand, it is necessary to make up for the shortcomings of standards in key areas, conform to the development trend of artificial intelligence, big data, cloud computing, blockchain, etc. in the financial industry, and strengthen the application of blockchain in the financial field, data Security, distributed database and other standard supply, and speed up the formulation of standards for inclusive finance and consumer rights protection such as targeted poverty alleviation and convenient financial applications. (China Finance Magazine)

On December 1, Wang Lu, the deputy governor of the Hainan Provincial People's Government, said: We have a vision. We hope that Hainan will become the center of the offshore innovation and entrepreneurship demonstration zone, and we also hope that Hainan will become the center of national blockchain research and application demonstration. We have become a national digital asset trading demonstration zone, so what is our task and how to do it is what this meeting discusses and studies together. Experts, scholars present, experts and entrepreneurs have more say, and I also want to take a joint approach in the future We will jointly promote the model of seeking, sharing wisdom, and sharing, and jointly build a regional center in Hainan for the research and application of blockchain, and for digital asset transactions, and even become an important center in the world in this area.

Character·Voice

Character·Voice

Russia's Central Bank Governor: Don't See Strong Reasons to Launch a Central Bank Digital Currency Like China