Block Weekly: Binance and TRON are involved in ICO class action lawsuits; Bitcoin halving kicks off

The Cyber ​​Security Division of the Seoul Metropolitan Police Agency in South Korea stated on the 6th that in response to the "Room N" incident, it will sequentially execute seizure and search warrants for 20 cryptocurrency exchanges and trading agencies from 10:30 a.m. It is reported that the targets of the seizure and search are mainly Bithumb, Upbit, CoinOne and Bestcoin, etc. The police tried to find suspicious transaction details, such as obtaining the last 8 months of transaction history at Bestcoin, and comparing it with the cryptocurrency wallet information held by the suspect.

2. The national standard "General Technical Conditions for Anti-counterfeiting and Traceability Verification Based on Mobile Internet" was officially released, and the blockchain entered the national standard for anti-counterfeiting and traceability for the first time

On April 8, according to Baidu Superchain, it was issued by the State Administration for Market Regulation and the National Standardization Management Committee, and proposed by the National Anti-counterfeiting Standardization Technical Committee (SAT/TC 218). The national standard "General Technical Conditions for Anti-counterfeiting and Traceability Verification" was officially released. Baidu Superchain Innovation proposed the combined form of RFID+blockchain, saving the scanning history and results of RFID in the blockchain, and defined the interaction methods related to the blockchain, which was finally adopted. The anti-counterfeiting traceability standard promulgated this time has made clear requirements for the application of blockchain in the field of anti-counterfeiting and traceability. This is also the first time that blockchain has entered the national standard of anti-counterfeiting and traceability, pushing the application of blockchain in the field of anti-counterfeiting into a new milestone. It is reported that the standard will be officially implemented on October 1 this year.

3. Binance was hit with a class action lawsuit in the United States, and the lawyer said that the possibility of dismissing the case is very small

On April 6, according to CoinDesk, on April 3, the U.S. District Court for the Southern District of New York received a series of class action lawsuits accusing Binance and other crypto companies of selling unregistered securities products to U.S. investors. Richard B. Levin, a fintech lawyer, said that this lawsuit is likely to be heard by the courts, because the possibility of recent class actions in the United States being dismissed is very small, and these lawsuits may cause heavy losses to the companies being sued.

4. Chongqing issued policies to promote the application and development of financial technology represented by blockchain technology

According to the Chongqing Daily, on April 7, the Chongqing Municipal Government website issued the "Guiding Opinions of the General Office of the Chongqing Municipal People's Government on Promoting the Application and Development of Financial Technology" (hereinafter referred to as "Opinions"). The "Opinions" aims to promote the wide application of information technology represented by artificial intelligence, big data, cloud computing, and blockchain in Chongqing's financial field, and plans Chongqing's promotion of financial technology around the creation of financial technology industry clusters. A blueprint for technology application and development. Chongqing will attract a group of domestic and foreign big data service providers to set up regional headquarters and big data technology research and development centers in Chongqing. Focus on introducing high-quality financial technology companies, R&D institutions, and talent cultivation institutions at home and abroad, increase research and development efforts around artificial intelligence, big data, cloud computing, blockchain and other underlying key technologies, and form a number of intellectual property rights and patents.

5. Shunyi District, Beijing took the lead in promoting the application of "blockchain + electronic license" in Shenzhen Street

According to news from the official website of the Beijing Municipal People's Government on April 7, the Shunyi District Government Affairs Bureau of Beijing, on the basis of the comprehensive window system that has been built, sorted out high-frequency issues in towns and streets one by one, and selected Niulanshan Town, Liqiao Town, Guangming Town 5 jurisdictions such as sub-districts are used as pilots to promote the application of six types of electronic certificates such as ID cards and marriage certificates to Shenzhen Street. Residents do not need to carry the original and photocopies of the six types of certificates when handling 19 high-frequency matters in towns and streets, such as reissuing social security cards and registering for pension insurance for urban and rural residents. At the same time, it is planned to roll out in all towns and streets in April.

6. The Ministry of Industry and Information Technology issued the "Guidelines for the Construction of Network Data Security Standard System", and standards in key areas focus on blockchain and other technologies

On April 10, the Department of Science and Technology of the Ministry of Industry and Information Technology issued the "Guidelines for the Construction of a Network Data Security Standard System" (draft for comments) and publicly solicited opinions. Security management standards start from the management perspective of network data security protection, including data security specifications, data security assessment, monitoring, early warning and disposal, emergency response and disaster backup, security capability certification, etc.; standards in key areas focus on 5G, mobile Internet, and Internet of Vehicles , Internet of Things, Industrial Internet, Cloud Computing, Big Data, Artificial Intelligence, Blockchain, etc.

1. Binance, EOS, and Tron are involved in a class action lawsuit, and will eventually face the dispute over the nature of securities (click on the picture to go directly)

Since the end of 2017, security tokens (that is, digital securities) and utility tokens were distinguished, and after the establishment of the US regulatory framework, the "securities qualitative debate" of digital currencies has never stopped. And this time, it is the turn of leading platforms and projects such as industry giants Binance, Block.one, and TRON Foundation.

2. Under the macro cycle, how to invest in blockchain infrastructure? (Click on the picture to go directly)

From historical data and deduction, it can be concluded that blockchain infrastructure investment is the epitome of the macro cycle, which is affected by the global credit expansion-contraction cycle. Blockchain projects must be prepared for a long time, and resources can be reasonably optimized from the perspective of cycle and anti-fragility. Investment institutions can also sort out investment strategies from the perspective of final thinking, redundant preparation, and looking for positive black swans.

3. The investment trend of the currency circle in 2020: the downgrading process of the public chain (click on the picture to go directly)

In 2020, we can't help but re-examine those new public chains, the so-called Ethereum killers. What Haseeb said is true: We are already halfway through the war on the public chain, and every new public chain soldier who reaches the front line has been beheaded by Ethereum. We underestimated the network effect of Ethereum. We also finally understand how difficult it is to so-called beat Ethereum.

4. A Brief History of Stablecoins: The Master Key to Open the Encrypted World (Click on the picture to go directly)

Financial institutions hope to thrive with new technology, while the cryptocurrency community works to advance the adoption of digital currencies. Stablecoins will become the "secret key" to open the thick door of the encrypted world, and the secret method for the rapid expansion of the encrypted world. This article tells you about the history of stablecoins and the far-reaching impact that stablecoins may have.

1. The crisis under the iceberg: DeFi financial crisis and challenges(Click on the picture to go directly)

On March 12, the digital asset market suffered a cliff-like plunge, and the DeFi market encountered a thrilling crisis of trust. Run-style withdrawals, flood-like liquidation, congested Ethereum network experience, etc., have also caused many people to rethink the value and significance of DeFi. This article interprets the logic of the outbreak of the DeFi financial crisis, and tells you that the DeFi financial crisis is likely to be the norm in the development of the DeFi market. Moreover, the platform stability problem caused by market volatility is only the tip of the DeFi iceberg. There are still many potential problems and challenges under the iceberg.

2. OKEx investment research: BCH, BSV, BTC halving, what impact will it bring?(Click on the picture to go directly)

This article introduces the birth and history of BTC, BCH, and BSV, the fork dispute, and their respective strategic visions. And from the production reduction time and consensus, computing power, mining cost and other factors of the three, analyze the impact on various stakeholders after the three are halved. Take you to see the complete logic behind halving and mining.

3. Bitcoin and Ethereum are difficult to replace, and forked coins are unlikely to capture value (click on the picture to go directly)

Although the U.S. dollar is still at the top of the "food chain" in the financial world and is also the "number one predator", as the new crown virus epidemic continues to expand and triggers a sustained economic recession, the U.S. dollar may also gradually become depressed. So, for the cryptocurrency industry, why should we care about the U.S. dollar? What does the dollar have to do with cryptocurrencies? In fact, global macroeconomics have long-term effects on both the US dollar and cryptocurrencies, and this article will explore some typical cryptocurrencies.

4. Black swan and encrypted lending, stable currency and DeFi (click the picture to go directly)

The encryption market is full of huge volatility, and at the same time, it breeds black swans that almost no one can expect. The huge volatility of the encryption market not only affects its spot transactions, but also has a profound impact on the development of the cryptocurrency lending market, stablecoins, and DeFi. As a player in the encryption market, you need to have an in-depth understanding of the development of the encryption market.