headlines
headlines
JPMorgan launches new division Onyx for blockchain and digital currency projects
Takis Georgakopoulos, JPMorgan’s global head of wholesale payments, said the firm’s digital currency, JPM Coin, was used for the first time this week by a large technology client to make commercial payments around the world. That development, along with several other behind-the-scenes moves, led JPMorgan to create a new business unit, Onyx, to incorporate its blockchain and digital currency businesses, with more than 100 employees, Georgakopoulos said in an interview.
Don Tapscott, a new economist and known as the "father of the digital economy", said that in the financial services industry, many changes are taking place, and cryptocurrencies are also being used on a wider level, not limited to the use among the cryptocurrency community . At present, the central bank's digital currency competition is also in full swing, and now a huge battlefield is forming around the world to see who will become the first.
digital currency
digital currency
Li Lihui: Digital RMB may develop into a global digital currency
Li Lihui, former president of the Bank of China, said at the 6th Blockchain Global Summit in 2020 that the legal digital currency in my country's pilot program adopts centralized management and indirect issuance mode, and adopts the method of "loose coupling of accounts" and digital wallet, which has the function of being offline. The technical advantages of transactions can provide the public with high security and good liquidity payment tools, making daily life easier, and it is also possible to "overflow" across borders and develop into a global digital currency.
South African Regulators Raid Homes of Bitcoin Ponzi Scheme MTI Key Members
South African regulators and police have seized electronic devices and computers belonging to two key members of Mirror Trading International (MTI), which is accused of being a Bitcoin Ponzi scheme. On October 26, South African Financial Industry Conduct Authority (FSCA) officials conducted a search operation at the home of Clynton and Cheri Marks, who were looking for evidence of transactions and bitcoin balances.
Cryptocurrency Donations to U.S. Bail Funds Are on the Rise
The Giving Block, a U.S. bail fund, says it has accepted thousands of dollars in cryptocurrency donations since the summer, a possible sign of higher adoption in the bail bond space. Several bail funds are reportedly accepting cryptocurrency donations.
CoinEx officially posted on Weibo that after close communication with OKEX, we decided to delist the OKU/USDT trading pair and open the withdrawal of OKU.
Blockchain industry
Blockchain industry
Germany's WEG Bank plans to offer crypto custody solutions to its clients
Germany-based WEG Bank is about to strengthen its crypto-related business, and its fintech arm TEN31 has partnered with Munich-based crypto custody provider Tangany to provide its clients with crypto custody solutions. The bank said this was the "next logical step" in expanding its product portfolio.
Insurance blockchain innovation center established in Shanghai
On October 27, the "Insurance Blockchain Innovation Center" jointly established by the Shanghai Insurance Exchange and the industry was officially established at the 2nd Lujiazui International Reinsurance Conference.
Huobi Exchange Has Supported Visa and MasterCard Direct Payment Services
Huobi exchange announced that customers can now use Visa and Mastercard credit or debit cards to make purchases directly on the exchange platform without going to a third-party payment portal. This service is provided by Huobi Technology (Gibraltar) Co., Ltd (referred to as Huobi Gibraltar).
South Korea's Busan City launches blockchain integrated service "B PASS"
The city of Busan, South Korea announced on the 27th that it has launched a comprehensive blockchain service "B PASS" for citizens. Following the launching ceremony of the Busan Blockchain Free Special Zone in August last year, the city promoted four special zone projects covering logistics, tourism, public safety and digital credentials. It plans to link various services to accelerate digital transformation by developing B PASS, an integration service that can use these services as one interface.
Anheuser-Busch InBev considers further blockchain integration into its beer line
Anheuser-Busch InBev, the parent company of Budweiser, Corona and other beer brands, is considering further integrating blockchain technology into its beer production lines. The company recently began piloting a platform that would allow end users to track beer on the blockchain. A new pilot program will start in 2021. Through the QR code, consumers of French Leffe beer will be able to view the entire supply chain flow of the barley used in the beer. Blockchain firm SettleMint built the initiative’s platform.
Mitsubishi, MUFG Bank and others invest in blockchain-based trade management system
NTT Data, Mitsubishi Corporation and five other Japanese companies are forming a joint venture to use blockchain to manage trade activities online. The remaining five participating investors are MUFG Bank, Toyota Tsusho, Jinsong, Sompo Japan Insurance and Tokio Marine & Nichido Fire Insurance.
Huang Hao, president of Ant Group’s digital finance business group, said during today’s roadshow that the company’s core technical capabilities include artificial intelligence, risk management, security, blockchain, computing and technical infrastructure and other fields. He said that as a technology company that continues to innovate, the company will increase its continuous investment in the above-mentioned core technology fields after listing. "
Investment and Financing
Investment and Financing
global policy
global policy
Jiangsu Province issued the block chain industry development action plan to build a "1+3+N" industrial layout
Jiangsu Province issued the block chain industry development action plan to build a "1+3+N" industrial layout
On October 27, the reporter learned from the Department of Industry and Information Technology of Jiangsu Province that Jiangsu Province issued the "Jiangsu Province Blockchain Industry Development Action Plan". The service system is basically established, the average annual growth rate of the blockchain industry is not less than 15%, more than 10 backbone enterprises with national influence have been cultivated, more than 10 blockchain innovation service platforms have been established, and the province has formed a "1+3+" N" industrial layout. The so-called "1+3+N" industrial layout is to strive to create a national-level blockchain development pilot demonstration area, 3 provincial-level blockchain industry development clusters, and several blockchain technology innovation application test areas.
Recently, the Pudong New Area "Government Blockchain Construction Specifications" district-level standard was officially released, which was jointly issued by the Pudong Market Supervision Bureau and the Pudong E-government Office. This is the country's first blockchain construction standard in the field of government affairs, which fills the gap in blockchain standards in government services and government management.
Character·Voice
Character·Voice
Russian Blockchain Association Chairman: Central Bank of Russia 'Deliberately Slowing Encryption Process'
Yuri Pripachkin, chairman of the Russian Digital Currency and Blockchain Association (RACIB), launched a fierce attack on the Central Bank of Russia, mainly accusing it of deliberately delaying the start of the country's digital economy with anti-business policies and denouncing its plan to launch a digital ruble.
V God: Ethereum has become a truly self-sustaining ecosystem
Vitalik Buterin said in his speech that I think the ecological development and trends of Ethereum, some trends have been shown in the past three years, but there has been a rapid development in the past year. One of the most important performances is in terms of capacity expansion. The expansion method including zk rollup can support the main network, and gitcoin grants are also voting to enable zksync. Optimistics rollup has been launched on the test network. Plasma is also available. Ethereum has become a true ecosystem, a self-sustaining ecosystem where problems arise and we can fix them. Can self-collaborate.
ZB CEO Ouma: Bitcoin's big bull market may appear in 2022 to 2023
ZB CEO Ouma said that although the market is relatively good this year, he does not think it is a big bull market. Improve, the big bull market of Bitcoin may appear from 2022 to 2023; this year, driven by Defi and Polkadot ecology, copycat projects have a good market, he believes that 5% of Defi projects have long-term value.
Zhu Jiawei: CeFi is suitable for complex financial scenarios, while DeFi is suitable for simpler and automated application scenarios
Zhu Jiawei said that both DeFi and CeFi exist to meet the needs of users, but the forms of serving users are different. CeFi is more suitable for complex financial scenarios, making better credit and risk assessments for users through human and empirical judgments, and has many advantages in the flexibility and liquidity of product services. DeFi is suitable for simpler and automated application scenarios, such as mortgage lending of digital assets. In a simple model, DeFi makes the whole process more efficient and lower cost.
Polkadot founder: In the next year or two, more and more applications will appear at the application level
Gavin Wood, the founder of Polkadot, said that I don’t think the applications people will play will change much. I think we may see more enterprise-level systems, such as using the same technology, but it may be more convenient to use and can provide public services, which will become part of the future changes in blockchain technology.
Ant Group Huang Hao: Plans to further expand the application scenarios of AntChain
Huang Hao, President of Ant Group’s Digital Finance Business Group, said that AntChain, an important application product of the company’s blockchain technology, is committed to integrating technologies such as blockchain, artificial intelligence, and the Internet of Things. The company plans to further expand the application scenarios of AntChain and continue to help AntChain The assets of all parties are on the chain to realize digitization, help digital assets to circulate in a wider range, and activate the development of the digital economy.
Central Bank Di Gang: Open ecology and cooperation are the only way for the blockchain to be credible
