| The latest version of the US Congress’s new coronavirus stimulus bill cancels the “digital dollar” proposal; Hong Kong’s first virtual bank officially provides services
headlines
The latest version of the US Congress's new crown virus stimulus bill cancels the "digital dollar" proposal
On March 24, Hong Kong's first virtual bank, ZhongAn Bank, officially provided services to all citizens in Hong Kong and launched its flagship current deposit product "ZA Current Go". ZA Bank was licensed by the Hong Kong Monetary Authority on March 27, 2019, and is the first batch of licensed virtual banks in Hong Kong. ZhongAn Bank stated that the zero-threshold current deposit product "ZA Current Go" launched by the official opening this time is intended to allow citizens to increase their wealth through considerable deposit interest rates in a low-interest environment. (Shanghai Stock Exchange)
Hong Kong's first virtual bank officially provides services
On March 24, Hong Kong's first virtual bank, ZhongAn Bank, officially provided services to all citizens in Hong Kong and launched its flagship current deposit product "ZA Current Go". ZA Bank was licensed by the Hong Kong Monetary Authority on March 27, 2019, and is the first batch of licensed virtual banks in Hong Kong. ZhongAn Bank stated that the zero-threshold current deposit product "ZA Current Go" launched by the official opening this time is intended to allow citizens to increase their wealth through considerable deposit interest rates in a low-interest environment. (Shanghai Stock Exchange)
digital currency
MtGox's latest announcement: creditors can upload relevant materials for creditors' meetings
MtGox's latest announcement: creditors can upload relevant materials for creditors' meetings
Crypto analytics firm Santiment tweeted: “Ethereum’s daily active addresses have been increasing steadily. This important metric reflects the level of daily user interaction (or speculation) with a particular token. As we see Yes, in the past week and a half, the transaction volume of the ETH network has increased greatly, and the same is true for the daily active addresses.”
On March 21, daily active addresses on the Ethereum network surged to 395,000. This hasn’t happened since June 2019, when ETH’s price hit a yearly high of around $336. In this regard, Santiment stated that approaching 400,000 is a promising development for Ethereum’s mid- to long-term prospects. (AMBCrypto)
According to official news, Coinin Mining Pool launched CKB yesterday. CKB adopts the Eaglesong algorithm and supports ASIC mining machines, FPGA mining machines, and graphics card mining machines for mining. (Binin Pool)
Blockchain industry
China Academy of Information and Communications Technology Establishes Agricultural and Rural Trusted Blockchain Project Team
The China Academy of Information and Communications Technology's "Trusted Blockchain Promotion Plan" recently established an agricultural and rural trusted blockchain project team. The technical characteristics and mechanism concepts of blockchain, and actively explore the organic integration of blockchain technology and agricultural and rural industrial chains, supply chains, and value chains. (Trusted Blockchain Promotion Plan)
The integrated logistics information platform of Busan Port in South Korea based on blockchain will be opened on April 6
secondary title
Investment and Financing
CoinDCX completes USD 3 million in Series A financing, led by Polychain Capital and others
Indian cryptocurrency exchange CoinDCX completed a US$3 million Series A round of financing led by Polychain Capital, BitMEX operator HDR Group and Bain Capital Ventures, and other participants were unnamed. CoinDCX plans to use the funds to expand its products and services and hire more staff. (The Block)
global policy
Character·Voice
Character·Voice
National Distinguished Professor Cai Weide, PhD supervisor of Beihang University, said in an interview recently that many blockchain systems are designed to evade supervision, and these must be changed or replaced. Regulatory blockchains are the direction China should develop. Supervision is also protected by the government to avoid risks. Cai Weide suggested that blockchain and applications should be regulated by technology. In addition to regulation, China also needs to pass laws to regulate the blockchain. He suggested that legislative work should be started immediately on blockchain-related applications and industries. The point is that technology needs to be used to regulate technology, not just laws. (China Information Industry)
National Distinguished Professor Cai Weide, PhD supervisor of Beihang University, said in an interview recently that many blockchain systems are designed to evade supervision, and these must be changed or replaced. Regulatory blockchains are the direction China should develop. Supervision is also protected by the government to avoid risks. Cai Weide suggested that blockchain and applications should be regulated by technology. In addition to regulation, China also needs to pass laws to regulate the blockchain. He suggested that legislative work should be started immediately on blockchain-related applications and industries. The point is that technology needs to be used to regulate technology, not just laws. (China Information Industry)
Huobi University Fang Jun: In the next ten years, countless entrepreneurial opportunities can be found through the blockchain
Opinion: Hedging assets such as gold and BTC will rise strongly after the stock market bottoms for months
