| China will promptly study and propose the policy and institutional system for Hainan to build a free trade port; TSMC responds to the rumor that Bitmain owes 300 million US dollars in accounts

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2018-11-05 09:34

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"China will promptly study and propose Hainan's step-by-step and phase-by-phase construction of a free trade port policy and institutional system, and accelerate the process of exploring the construction of a free trade port with Chinese charact

headlines

The first China International Import Expo opened in Shanghai on the morning of the 5th. President Xi Jinping attended the opening ceremony and delivered a keynote speech. Xi Jinping emphasized that China will support the deepening of reform and innovation in the pilot free trade zones, continue to deepen the exploration of differentiation, increase stress testing, and play the role of experimental fields for reform and opening up in the pilot free trade zones. China will promptly study and propose Hainan's step-by-step and phase-by-phase construction of a free trade port policy and institutional system, and accelerate the process of exploring the construction of a free trade port with Chinese characteristics. This is a major move for China to expand its opening up to the outside world, and will lead to the formation of a new pattern of reform and opening up at a higher level. It is reported that the Hainan Free Trade Zone (Hong Kong) Blockchain Pilot Zone was officially established in the Hainan Ecological Software Park on October 8, which means that Hainan is set to seize the commanding heights of the blockchain industry, promote the application of blockchain technology, and foster development new industry.

digital currency

Bloomberg: The amount of funds raised by ICOs in 2018 may be difficult to calculate accurately

Funds raised by ICOs in 2018 may be difficult to calculate due to lack of regulation and transparency. The ICO boom is also shrinking as the cryptocurrency market plummets nearly 80% from its peak. In the case of ICOs, when no one submits any regulated documents, or even reveals their identity, it remains difficult to ascertain whether the amount of funds that the issuer claims to have raised is accurate. Nuria Gutierrez Prunera, co-founder of Elementus, said: “Because of being able to track actual transactions, on-chain data is more reliable and comprehensive, which is why they raised funds. The downside is that on-chain data does not determine the amount invested in fiat currency.”

Japan's Toyama Daiichi Bank launches pilot program for yen-pegged stablecoin

Japanese Listed Company Remixpoint Allows Passengers to Pay for Rides Using Digital Currency

Japanese listed company Remixpoint is partnering with limousine company Hinomaru Limousine to allow passengers to use digital currency to pay for rides between Tokyo and Tokyo's two major airports.

Blockchain industry

TSMC responds to rumors of $300 million in arrears from Bitmain: payments between customers and suppliers are normal

The report shows that the blockchain market will achieve substantial growth between 2018 and 2026

BMW Partners with Singapore Blockchain SUC to Launch Loan Experience to Streamline Car Dealership Process

BMW has partnered with Singaporean blockchain project SUC to simplify the car buying experience, including streamlining the car buying process. Jason, the founder of SUC, said that the SUC blockchain mobile application software will help BMW customers protect their personal data and apply for loans on local devices.

Ant Blockchain participated in the Tmall Double 11 event for the first time, and more than 150 million commodities in more than 100 countries realized the origin traceability

Xiamen Free Trade Zone launched a comprehensive application platform for blockchain trade finance

Bank of America has filed more than 50 blockchain patents

Thailand's tax agency plans to use blockchain and other technologies for tax avoidance investigations

IBM files patent for blockchain-based AR assistant system

IBM has applied for a patent for a blockchain-based AR assistant system that will prevent AR gamers from entering locations that do not need to be visited (e.g. high-risk locations, culturally sensitive locations, locations identified by property owners), improving the physical presence of AR. Political and practical uses in space. The patent would use blockchain technology to accurately record location information used in such games and systems.

global policy

Malaysia is developing a regulatory framework for ICO and cryptocurrency exchanges, which will take effect in the first quarter of 2019

The Ministry of Justice officially stated: affirming the property attributes of Bitcoin

The official Weibo account of the Ministry of Justice reposted the article "Shenzhen Arbitration Fills the Gaps in Judicial Precedents!" Confirm that Bitcoin has property attributes and is protected by law" made an official statement on the property attributes of Bitcoin. Recently, a case adjudicated by the Shenzhen Court of International Arbitration (Shenzhen Arbitration Commission) has aroused widespread concern in the industry because it recognized that domestic Bitcoin has property attributes and is protected by law, and is considered to have filled the existing judicial precedent to a certain extent. The blank is of considerable significance. The ruling held that although the regulatory authorities prohibited ICO activities and virtual currency transactions and reminded investors that they should effectively prevent risks, they never concluded that individual bitcoin transactions were illegal. According to domestic laws and regulations, Bitcoin does not have currency functions, but this does not prevent it from being a digital asset and can be used as a delivery object.

Character·Voice

Jihan Wu: Coingeek is Controlled by Fake Satoshi Nakamoto

Wu Jihan just tweeted, for reference: Coingeek is controlled by fake Satoshi Nakamoto. According to previous news, Coingeek broke the news that Bitmain will no longer obtain chips from its main chip supplier TSMC, and owes TSMC more than $300 million. Bitmain then responded, calling it a rumor.

Li Lin: The biggest challenge of distributed ledgers is the law

Litecoin founder Li Qiwei: Proof of work and competitive mining mechanism protect Bitcoin from the risk of devaluation due to inflation

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