Government attitude
Iranian judiciary bans Telegram accusing it of causing riots According to CCN News, Mizan Online, news agency of the Iranian Ministry of Justice, stated that the Iranian judiciary issued a ban on Telegram on April 30th, saying that the application may help the armed opposition to intensify the riots. . Before the Iranian government discussed Telegram's ICO, it believed that it might have a destructive effect on the national currency. --- Currency World
Australia's regulators will increase ICO review and supervision According to Reuters, the Australian Securities and Investments Commission (ASIC) announced on Tuesday that it will crack down on "misleading, deceptive behavior" in ICO's promotion and sales of digital currency. ASIC said that after the inquiry, some companies have suspended the ICO, or that they will change the ICO structure.
The UAE capital proposes a regulatory framework for digital currency assets According to Finance Magnates, the Financial Services Regulatory Agency (FSRA), a unit of the Abu Dhabi Global Market (ADGM), issued a regulatory advisory paper on virtual currencies on Monday. It is reported that the agency made a proposal for regulatory measures in the document entitled "Spot Virtual Currency Assets Framework" and stated that this proposal analyzed the new risks brought about by virtual currency transactions. FSRA pointed out that this proposed regulatory system will endeavor to list out a series of issues that accompany the development of virtual currency over the past 10 years. The consultation paper also pointed out that FSRA stated that the new regulations will unravel the unclear content of virtual currency at the same time in the current legislation on traditional financial product investment. --- Currency World
London Mayor of Finance: Technology such as blockchain can promote the development of the City of London In recent years, China has actively organized cooperation projects with the “Belt and Road” countries to carry out the Digital Silk Road construction project and promote international cooperation in digital economy. Chief Financial Officer of the City of London, Bao Mancheng, said that it is very important to promote the creation of the Digital Silk Road. London is a natural gateway to the “Belt and Road” initiative. The City of London’s expertise in blockchain and other financial technologies can play a significant role. --- Babit
- Maduro promotes the increase in the popularity of oil currency DASH in Venezuela. According to Dashforcenews, Maduro has continuously promoted the use of petrol (Petro), claiming that there are 16 exchanges accepting Petro, but no exchange admits this. . The listed exchange Coinsecure stated that Venezuela wants to add Petro as Coinseure's digital currency so that they can trade Bitcoin and Rupee with Petro. Another source said that if India uses oil coins to buy oil, they will give a 30% discount. But Petro does not seem to have the confidence of the people of Venezuela. DASH relies on its characteristics to become more and more popular in Venezuela. Local entrepreneurs and consumers use DASH to sell and purchase goods, including charities. --- Currency World
Industry News
V-God: Ethereum Fragmentation Solutions is Coming This week, Ethereum designer Vitalik Buterin has released a new proof of concept demonstrating how to "tie" the segment expansion solution to the Ethereum main chain. A concurrent push indicates that the "slice is coming." This demo follows the "Minimal Slice Agreement" initiative recently launched by the co-founder of Ethereum, aiming to significantly increase the transaction throughput and scalability of the Ethereum blockchain. --- Currency World
The total market value of digital currency markets soared by 52.98% in April. BTC's market value shrank by 7.39%. According to the latest data, in the past month, the total market value of digital currency markets has risen from 266.198 billion U.S. dollars, and is currently 407.237 billion U.S. dollars. The dollar rose by 52.98%. The total market capitalization of BTC rose from US$119.922 billion to US$153.135 billion, or 28.37%, but its market share dropped from 44.95% to 37.56%, a decrease of 7.39%. --- Currency World
Fujian Daily: The application of blockchain in the flower industry can be traced back to the source, which can also protect privacy and reduce costs. According to “Fujian Daily” news, recently, the 2018 Global Flower Industry Blockchain Conference and Global Flower Industry Blockchain Development The forum was held in Fuzhou to discuss the future commercial application and development of blockchain technology in the flower industry. Experts said that during the sales process of the traditional flower industry, the products flowed in layers, from the flower growers to the final consumers to buy flowers, the cost of flowers increased. Blockchain technology can establish reliable trust between point-to-point in the network, remove mediation interference in the process of value transfer, disclose and trace information, protect privacy, increase the efficiency of value interaction and reduce costs.
BM issued a document to review the issue of the loophole in the smart contract system: irresponsible report Yesterday, BM issued a report in Chengdu to respond to Chengdu E-Science's report on the EOS smart contract vulnerability. In his opinion, this is an irresponsible report. The problem presented by SCI is not a security hole, but a result of poor code practice. The smart contract platform does not prevent developers from making mistakes. He can then use the checked_int64_t defined by boost multiprecision as an example to convert unsafe code into safe code to prevent overflow. All in all, he believes that the irresponsible reporting of this report misleads people who do not understand technology, and that in this industry, it is also necessary to accurately understand "security holes." --- Currency World
- Foxconn blockchain mobile phones will land in Japan and other 5 countries in October this year. According to Nikkei news, smart phones using blockchain technology are expected to land in Japan and other five countries in October this year. The research and development headquarters will be based in Israel. Sirin Labs and Fuji Xerox Co., Ltd. are cooperating to start mass production. The target is to ship more than 100,000 blockchain smartphones this year. Nimrod May, chief marketing officer of Sirin Labs, said in an interview with Nikkei News that “five countries, including Japan, have been selected as pilots. These countries have a large number of 'crab-eating people' who want to try new technologies. )". In addition to Japan, Sirin Labs also plans to open stores in the United States, the United Kingdom, South Korea, and Vietnam. --- Babit
Hong Kong: Lack of law on digital currency transactions has little to do with money laundering [According to the Financial Services and the Treasury Bureau of Hong Kong (FSTB) recently released the “Money Laundering and Terrorism Financial Risk Assessment Report”, the report pointed out that digital currency transactions currently lack laws and regulations Only money services in the legal currency can obtain permission from the money service operator. The police said that since the monitoring began in 2013, the police have received 167 reports related to Bitcoin, most of which involved ransomware, and the probability of criminals using digital currency for smuggling and money laundering is low. --- Currency World
Thomson Reuters: One in five financial institutions will begin exploring cryptocurrency transactions in 2018. Thomson Reuters survey of more than 400 client companies found that most financial services companies are very interested in cryptocurrencies, and One-fifth of companies plan to start related transactions from this year. According to analysis, this phenomenon may be due to the rise in the prices of various cryptocurrencies, and with the increasing connection between the cryptocurrency industry and traditional finance, these organizations hope to be able to keep up with trends and safeguard their future development. --- Babit
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