headlines
headlines
Mt. Gox to Return BTC and BCH to Debtors, or Dump BSV and Other Cryptocurrencies
On the eve of the annual meeting of creditors held by the bankrupt bitcoin exchange Mt. Gox (Mentougou), the documents it provided to creditors revealed more information on how to repay debts in the future. The documents show that creditors can choose the form of repayment they receive, either choose to receive fiat currency, or choose to receive compensation in fiat currency mixed with bitcoin and bitcoin cash. However, there are no other options for cryptocurrencies other than Bitcoin and Bitcoin Cash. Statistics show that Mt. Gox once held nearly 202,000 BSV (current market value of 35 million US dollars), and BSV is not included in the option of repaying creditors, which means that these BSV held by Mt. Gox face the risk of selling, or have been sold sell off. (Mt. Gox)
Thailand's Siam Commercial Bank will issue a stablecoin STB anchored to the Thai baht based on Ethereum
Thailand's largest commercial bank, Thailand's Siam Commercial Bank (SCB), publicly stated at the DeFi Bangkok blockchain event that the bank is designing a stable currency (STB, Stable Thai Baht) anchored to the Thai baht. According to relevant reports, the stablecoin will be based on Ethereum and anchored to Thai baht at a 1:1 equivalent, but it needs to go through SCB's KYC and AML audits. An unnamed SCB executive has confirmed the plan without naming specific partners. (Blockspaper)
secondary title
digital currency
Central Bank of the Bahamas (CBOB) Governor John Rolle said the bank expects to make design changes to its central bank digital currency project, the Sand Dollar, to help meet payment needs due to the coronavirus outbreak. The bank has no intention of speeding up the project due to the outbreak, he added. (The Nassau Guardian)
Bitmain releases new Antminer E3 firmware to extend ETC mining cycle
According to ETC official news, recently, Bitmain released a new E3 firmware, which can be downloaded on its official website, so that miners have more time to mine ETC. According to altcoin mining pool 2Miners, the new firmware has been successfully tested by the ETC community and can be used for Ethash mining. This V520 firmware extends the Antminer E3 mining cycle, so the miner will not stop mining this month. (U. Today)
Auditor Least Authority has completed the preliminary audit of Ethereum 2.0. It is reported that the upgrade plan of Ethereum will start in July 2020. Least Authority concluded that the protocol specification is well structured with strong security measures. But they recommend further scrutiny of block proposer mechanisms and P2P networks, as both have been found to have attack vectors. Recommendations to mitigate these dangers are still under active research, meaning there is little clear body of knowledge to draw upon. The research and implementation teams of Ethereum 2.0 have acknowledged these flaws. (Crypto Briefing)
Blockchain industry
Blockchain industry
OneConnect launches blockchain electronic license application platform
OneConnect launched a blockchain electronic license application platform to promote innovation in government services. The platform can be shared among multiple departments according to their functions, and has the functions of timely synchronization of data, privacy protection, tamper-proof, traceability and auditing of certificates, etc. (Northern Network)
Kenyan startup Afya Rekod will launch a blockchain health data platform by the end of July 2020
Kenyan health tech startup Afya Rekod is accelerating the launch of its AI and blockchain-based consumer-driven health data platform to contribute to the fight against the global COVID-19 pandemic. Scheduled to be launched by the end of July 2020, the system is designed to help users store their own health data, access health information, and connect to medical service providers. (Africa-Newsroom)
Wuhan University has developed a material information platform based on blockchain technology, "National Anti-New Coronary Pneumonia Protection Material Information Exchange Platform-Luoying Shanlian", to serve the donation of anti-epidemic medical materials. According to incomplete statistics, the platform has successfully sent more than 150 batches of medical masks, alcohol, disinfectant, gloves and other donated materials to 133 hospitals in various cities in Hubei. (China Economic Weekly)
global policy
global policy
IOSCO: Global Stablecoin Initiatives May Be Regulated by Securities Laws
According to a new report, the International Organization of Securities Commissions (IOSCO) believes that global stablecoin initiatives may be regulated by securities laws. It is reported that IOSCO has studied a hypothetical stablecoin managed by a corporate governance committee, which is backed by a basket of global reserve currencies and based on the company's own private blockchain. It can only be issued to "authorized participants" who buy and sell stablecoins, and can be transferred between users' digital wallets. (CoinDesk)
U.S. District Court agrees with SEC arguments, issues preliminary injunction to Telegram
U.S. District Judge P. Kevin Castel for the Southern District of New York has granted the request of the U.S. Securities and Exchange Commission (SEC), ruling that Telegram cannot launch its cryptocurrency Gram as planned next month. In the preliminary injunction on March 24, the judge said the SEC had proven that Telegram had sold unregistered securities and that the agency had merit. “Given the economic realities of the Howey test, the court held that the resale of Grams to the secondary public market without the requisite registration statement would have been an integral part of the sale of the security.” (CoinDesk)
CFTC Issues Final Interpretive Guidance on Digital Asset "Delivery"
CFTC Issues Final Interpretive Guidance on Digital Asset "Delivery"
The U.S. Commodity Futures Trading Commission (CFTC) announced Tuesday that it has voted unanimously to adopt interpretive guidance for determining what constitutes a “delivery” of digital assets.
According to the CFTC, the final interpretive guidance discusses two main factors explaining the "physical delivery" of retail goods transactions in virtual currencies, as follows:
2. Seller: At the expiration of 28 days from the date of the transaction, the Offeror and the Counterparty Sellers (including their respective affiliates or others acting in concert with the Offeror or Counterparty Sellers on a similar Merchandise sold under any other form of financing does not retain any interest, legal right or control.
Character·Voice
Character·Voice
Former CFTC Chairman: The United States should regard China's central bank digital currency and Libra as sufficient reasons to consider a digital dollar
In a recent interview, Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that initiatives like Libra and China’s central bank digital currency, proposed by financial institutions, highlight the fact that the U.S. should consider these factors as a priority for the U.S. dollar A "good reason" to go digital. The current financial structure is increasingly outdated and the government needs to come up with a structure that can overhaul and improve the current system. The United States needs to look at the structure of fiat currencies, and a lot of what is being developed in the market now is to solve the problem of the lack of digital infrastructure for fiat currencies. (AMBCrypto)
Changpeng Zhao: It is not difficult for Bitcoin to rise to $100,000
