| The retail giant Overstock will open the security token trading platform tZERO as soon as this month; Bitfinex’s private placement is hot, and there is a high probability that it will cancel the IEO
headlines
Editor | Liang Chen
Produced by Odaily
headlines
On May 9, the American retail giant Overstock.com, Inc. (NASDAQ: OSTK ) announced its financial results for the quarter ended March 31, 2019. According to the report, Overstock’s Q1 revenue in 2019 reached US$367.7 million, compared with US$445.3 million in the same period last year, a decrease of 17%. The report presents the progress of its upcoming security token trading platform tZERO: "The security token trading platform tZERO, which we started to deploy four years ago, is ready and will be open to the public this month. The system has been completed , which will be rolled out to the public in a few weeks, and is expected to start profiting from security token trading in June.” (Globenewswire)
digital currency
digital currency
Bitfinex User Asset Withdrawals Hit a Record High in April
As Bitfinex was previously accused of misappropriating Tether funds, Bitfinex’s bitcoin withdrawals hit a record high in April, with a total of more than 310,000 BTC, referring to the current price of CMC of about 210 billion yen (1.915 billion U.S. dollars). Data from Token Analyst, a regional chain analysis company, shows that the amount of Bitcoin withdrawn from Bitfinex in April was 314,897 BTC. (Coinpost)
Xiong'an Technology's blockchain research and related businesses have not stopped
Blockchain application"Li Xiaolai resigned as executive director to focus on research in the frontier field of blockchain. Yao Yongjie, the co-chairman of Xiong'an Technology, said that the deployment of industrial hemp is at a point in time, but the blockchain research and related businesses of Xiong'an Technology have not stopped. At present, some blockchain businesses of Xiong'an have already generated profits. (Gelonghui)
Blockchain application
On May 8, MVL, a blockchain startup in Singapore, announced that its taxi app Tada has been launched in Phnom Penh, the capital of Cambodia. At the same time, MVL signed a memorandum of understanding with Pi Pay, a Cambodian third-party smart payment platform. Pi Pay and Alipay will be integrated into the Cambodian version of the Tada app for seamless cashless transactions. (The Straits times)
Investment and Financing
Investment and Financing
Digital fund Chain Capital announces strategic investment in everiToken public chain
GSR Capital completed the capital injection of tZERO, a security token trading platform, with US$5 million, but the investment scale has shrunk
Hong Kong Monetary Authority issued 4 more virtual bank licenses, Ant Financial, Tencent, Ping An, China Merchants Bank, etc.
global policy
Liechtenstein Passes New Tokenization and Blockchain Act to Provide Regulatory Environment for Healthy Token Economy
Liechtenstein Passes New Tokenization and Blockchain Bill
Liechtenstein announced in a statement that it has adopted new tokenization, virtual asset service provider and blockchain regulation - the Token and VT Service Providers Act. The new regulations, passed on May 7, aim to strengthen investor protection, combat money laundering and increase transparency. (Cointelegraph)
New U.S. House Task Force to Examine Blockchain and Cryptocurrencies
Character·Voice
Character·Voice
According to the official Twitter of the European Central Bank, European Central Bank President Mario Draghi said in response to a student's question about cryptocurrencies that cryptocurrencies such as Bitcoin are not currencies, but assets. A euro is a euro, whether it's today, tomorrow or a month, it's the same. The ECB is backing the euro, but who is backing cryptocurrencies? Cryptocurrencies are very, very risky assets, you can see their prices are crazy, right now, they can't affect our economy on a large scale, so we tend to think of them as speculative assets.
On May 9, Japanese Senator Fujimaki Kenshi asked Bank of Japan Governor Haruhiko Kuroda questions about "cryptocurrency and the economy". Haruhiko Kuroda said that encrypted assets do not belong to the category of legal tender and are extremely unstable. At the same time, encrypted assets are basically not used for payment and settlement, but for speculation. The central bank will continue to monitor the movement of crypto-assets, given their potential to undermine trust in payment settlements. (JP. Cointelegraph)
Head of JPMorgan Crypto Assets Strategy: Technicians Have "Rebooted" Blockchain Platform Quorum
Over the past six months, technologists have "rebooted" blockchain platform Quorum, said Oli Harris, head of crypto asset strategy at JPMorgan. Specifically, the team replaced Constellation, Quorum's privacy layer written in the Haskell computer language, with Tessera. For JPM Coin, Oli Harris believes that under the blessing of JPMorgan while maintaining compliance, JPM Coin will be given the ability to symbolize legal tender, and then JPM Coin will be used in some ways. (CoinDesk)
