Block Weekly: Demystifying the real logic of bitcoin halving and rising; clarifying the five major misunderstandings of EHT2.0
2020.2.24 Issue 9
On February 17, the General Office of the Ministry of Agriculture and Rural Affairs issued the "Key Points of Rural Industry Work in 2020", which mentioned that efforts should be made to promote the integrated development of industries and improve the level of rural industries. Use information technology to drive the integration of business forms, and promote the integration of new-generation information technologies such as the Internet, Internet of Things, blockchain, artificial intelligence, 5G, and biotechnology with agriculture.
2. Chairman of the Financial Stability Board (FSB): Regulators need to speed up the formulation of digital currency rules
On February 20, Randal Quarles, chairman of the Financial Stability Board (FSB), said that global financial regulators are likely to fall behind due to rapid innovation in the digital payment industry, so they need to develop digital currency or "stable currency" rules more quickly. Quarles, who also sits on the Fed’s board of governors, said a task force is looking at policies to address the risks and benefits of stablecoins. Additionally, a possible regulatory response will be open for public consultation in April.
3. Deputy Director of the Propaganda Department of the Beijing Municipal Party Committee: Accelerate the launch of the Beijing digital copyright certificate blockchain system
According to China News Network, Zhao Lei, deputy director of the Propaganda Department of the Beijing Municipal Party Committee, pointed out at the press conference on the 19th that the digital transformation of traditional publishing companies should be accelerated, the "Internet +" business should be actively developed, and online education and publishing services should be vigorously developed; The Beijing digital copyright certificate blockchain system is launched, and the Beijing Music Copyright Protection Assistance Center is planned to be established to promote trustworthy copyright transactions, orderly transfers, monitoring and rights protection, and create a good environment for the development of emerging formats.
4. Spain approves fintech sandbox plan, allowing crypto-related companies to use controlled testing platforms
On Feb. 21, the Spanish government has approved a fintech sandbox program that will allow blockchain and cryptocurrency-related companies to use controlled testing platforms before launching their products on the market. According to Criptonoticias, the sandbox could open sometime this year and will be jointly overseen by the Ministry of Finance, the Central Bank of Spain and the two financial regulators. The government began deliberations on the sandbox as early as 2017 and initially hoped to open up the testbed last October.
On February 17, Copper, a London-based cryptocurrency custodian, announced it had raised $8 million in Series A funding from investors including Target Global, MMC Ventures and LocalGlobe.
Launched in 2018, Copper offers its clients crypto trading services without the need for clients to move their digital assets out of its custody. Copper previously raised $1.3 million in seed funding in 2018 to build out its custody and prime brokerage solutions to accept institutional and high-net-worth clients.
2. The blockchain and artificial intelligence company "Light Tree Technology" received tens of millions of RMB in Series A financing, and the investor is Xianfeng Qiyun
On February 20, the blockchain and artificial intelligence company Guangzhishu Technology announced that it has completed tens of millions of RMB in Series A financing, and the investor is Xianfeng Cowin. Previously, Tree of Light received tens of millions of angel round investments from Xinyuan Capital, Ceyuan Ventures and Chaosheng Capital in 2017. Afterwards, in May 2018, it obtained tens of millions of strategic investment from China Chengxin Credit Information Co., Ltd. and reached a strategic cooperation.
Founded in 2017, Light Tree Technology is a blockchain plus artificial intelligence company. The company's self-developed trusted data collaboration framework based on blockchain can help governments, finance and Internet companies , for trusted federated learning and federated computing.
3. The financial giant Fidelity has increased its investment in the encryption field, investing US$14 million in the OSL operator of the Hong Kong Stock Exchange
Global asset manager Fidelity International has invested $14 million in Hong Kong-based BC Group, operator of cryptocurrency exchange OSL, on Feb. 22.
OSL is an institution-focused cryptocurrency exchange and provides a brokerage, custody and software-as-a-service platform for digital assets. It also recently applied for a license under Hong Kong’s Securities and Futures Commission’s digital asset framework.
1. Five biggest misunderstandings about ETH2.0
There are many misunderstandings about ETH2.0, and it will take more information and longer time to truly understand ETH2.0, because it is new. Many stages of it are still being studied, and there is no final specification. This article tells you what the public's biggest misunderstandings about ETH2.0 are.
2. Destruction and halving, revealing the real logic behind the rise
Many people rushed in when they saw the popularity of "burning" platform coins recently, and asked the reason for rushing in. They will tell you that the supply of platform coins has decreased, so the price will rise. Is such a statement really reasonable? Where is the real value support of the platform currency? Where is the biggest black swan risk? The halving hype is another hot topic in early 2020. Is there any inherent logical connection between "platform currency destruction" and "mainstream currency halving (production)"?
3. Is there any real content behind Enjin, the "news pull coin"?
Enjin regards Trusted Cloud as a middleware for developers to interact with smart contracts. Developers do not need to care about how games interact with Ethereum or how to build NFT asset contracts. Developers can use APIs to complete the interaction between games and Trusted Clouds. Use a graphical interface to manage and create assets, and all interactions around the blockchain are handled by Enjin's trusted cloud.
Enjin is suitable for games that only issue blockchain assets in the game and support blockchain asset transactions. It can provide a complete set of fast "blockchain asset +" solutions with low operating costs and low learning costs for such games .
4. Decentralization, Governance and EOS: A Case of Failure?
The EOS issue appears to be caused and exacerbated by a number of issues such as low voter turnout, poor resistance to Sybil attacks, poor consistency transparency, mechanism where 1 EOS can vote 30, and changed block rewards. There are various approaches to how to coordinate and unify the state of the network. This paper chooses EOS governance as a research case. After a brief introduction to EOS, the concept of decentralization is introduced and then tested against the governance of EOS.
As the price of Bitcoin soars all the way, many views believe that the so-called "halving dividend" is just a weight for market makers to manipulate the market, and the sharp price surge and short-term fall are the result of man-made manipulation. However, according to the data research on the chain, it is found that there is no evidence for the "big whales" to manipulate the currency price. On the contrary, according to the data, most of these "big whales" are currently in a wait-and-see attitude towards the market, while the "little whales" are busy Hoard coins.
2. The analysis report takes stock of the latest chip distribution of major mainstream currencies
The latest report of Coin Metrics analyzes the currency holding addresses of mainstream currencies such as Bitcoin, Ethereum, and Litecoin, and gives a recent chip distribution map.
3. Exchange risk, capital reserve, platform currency valuation analysis
"BLOCKER WEEKLY" is a cutting-edge reading of the blockchain industry carefully crafted by the Blockchain Research Institute. It selects a week's hot spots and cutting-edge views for blockchain enthusiasts. If you have good comments and suggestions, please leave a message in the comments below. You can also scan the code to join the WeChat group and participate in learning/activities/contributions/discussions.
"BLOCKER WEEKLY" is a cutting-edge reading of the blockchain industry carefully crafted by the Blockchain Research Institute. It selects a week's hot spots and cutting-edge views for blockchain enthusiasts. If you have good comments and suggestions, please leave a message in the comments below. You can also scan the code to join the WeChat group and participate in learning/activities/contributions/discussions.
