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The progress of the South Korean digital currency exchange Bithumb: 1. The stolen cryptocurrency lost 35 billion won. The amount of damage has been reduced through continuous recovery measures, and the number is expected to decrease in the future. 2. Since Bithumb did not participate in property damage compensation, the theft will not be able to obtain compensation through insurance channels. 3. Bithumb will issue a notice about the resumption of deposit and withdrawal services, and plans to compensate the stolen users. 4. Bithumb plans to investigate the cause through KISA, Korean police, Ahn-Lab and other security companies.
regulatory trends
The European Union issued the fifth anti-money laundering directive, government departments will be allowed to monitor digital currency movements
Choi Jong-ku, chairman of South Korea's top financial regulator, the Financial Services Commission (FSC), commented on the Bithumb attack on Wednesday, saying that in order to prevent this from happening, a report has been submitted to the National Assembly on the use of Draft Amendments to Certain Financial Transaction Information. According to the draft, the government will define digital currency trading as a digital currency processing business.
According to Finance Magnates, the European Union on Tuesday issued its fifth Anti-Money Laundering Directive (Directive (EU) 2018/843), which aims to detect and investigate money laundering and prevent it from happening. The directive acknowledges that the inclusion of service providers will not completely remove all the anonymity of digital currencies, and that the environment will remain largely anonymous. However, to address the risks associated with anonymity, Financial Intelligence Units (FIUs) will be allowed access to information that will allow them to link digital currency addresses to the identity of the digital currency’s owner.
North Carolina Pushes House to Pass Bill Adding Digital Currency License Requirements
According to bitcoin news, a few days ago, North Carolina pushed the House of Representatives to pass Bill 86, which added new language to the state's allowed investments and statutory trusts under the Currency Exchange Act. Final revisions to the bill include legal definitions for bitcoin and other digital currencies, and also require businesses using digital currencies to obtain a license. Some digital currency advocates and companies such as Coinbase believe the bill makes the state more friendly to digital currency businesses. Currently, the bill has been submitted to Governor Roy Cooper, awaiting his signature.
Industry News
Industry News
Institutions such as Tencent Security and Huobi launched the China Blockchain Security Alliance
At the China Blockchain Security Summit Forum today, more than 20 institutions including China Technology Market Association, Tencent Security, China Blockchain Application Research Center, and Huobi.com jointly initiated the establishment of the China Blockchain Security Alliance, focusing on cracking down on all false In the name of the blockchain, we conduct disguised pyramid schemes, fraud and other money-gathering behaviors. Dong Haiping, founder of the China Anti-Rogue Software Alliance, told Babbitt, "I am willing to use legal means to trace the origin of the blockchain industry; if the evidence is convincing, consider a class action against Aircoin." Ma Bin, vice president of Tencent, said: "We are willing to join the industry construction of our entire blockchain as Tencent, and contribute to China's blockchain security construction together."
South Korea's Ministry of Science and Technology (MIC) today announced the "Blockchain Technology Development Strategy" aimed at ensuring global technological competitiveness. The competitiveness of six pilot projects, including personal customs clearance, simplified real estate transactions, online voting, shipping logistics, etc., and plans to train 10,000 professional workers by 2022.
digital currency
according toSearchain.ioThe No. 1 EOS account is suspected to be the Huobi EOS collection address
The data shows that after the launch of the EOS mainnet, the ranking of EOS TOP accounts has undergone tremendous changes. The No. 1 and No. 9 addresses are suspected to be Huobi Huihui EOS addresses, and the associated addresses are suspected to be Huobi Wallet addresses, which together account for about 10% of the total TOKEN volume; the remaining addresses are suspected to be Bitfinex addresses and Binance accounts.
USDT spamming at will? The official hired a law firm to audit: fully supported by physical dollars
It is reported that Bithumb's insurance compensation amount is 6 billion won, but because it did not include property damage compensation, it will not be able to obtain compensation for the theft. An insurance company said that this is not Bithumb's problem, cryptocurrency insurance is not covered, and if the exchange is stolen due to hacking, it will be difficult to obtain insurance money. The concept of whether virtual currency can be considered property is unclear.
Industry Trends
Industry Trends
On June 20, the virtual currency trading platform 86bex officially announced the closure of the withdrawal channel less than a month after its establishment. Qi Aimin, director of the South China Blockchain and Big Data Legal Strategy Research Institute, said that small exchanges do not have the technical resources, operation and management personnel, word-of-mouth brands, and communities that exchanges need, so a large number of exchanges The closure was expected. Exchange exits will be the norm, and not that many exchanges will actually be needed. Hong Shuning, dean of the Jinqiu Blockchain Research Institute, said that in the long run, with the improvement of the underlying technology of the blockchain, decentralized exchanges will be the future development trend, and the centralized exchange market will gradually shrink. What happened will not be repeated.
According to the Chain Tower Think Tank report, the average cost of electricity required to mine a bitcoin is $7,295. South Korea has the highest cost of mining electricity, and the cost of digging out 1 bitcoin is about 26,200 US dollars; Venezuela has the lowest cost, and the cost of digging 1 bitcoin is only 531 US dollars; China needs to spend 3172 US dollars, the cost of mining in the world. relatively low.
Character·Voice
Character·Voice
BM: In the future, EOS will introduce an insurance mechanism
According to the IMEOS report, BM said that in the future, EOS will introduce an insurance mechanism to protect the assets of victims, and this mechanism will not have moral hazard. BM has a plan for this mechanism, but it needs to wait for the EOS structure to be more perfect.
BM published an article on "Blockchain Governance"
According to IMEOS news, BM published an article entitled "Blockchain Governance" on Medium, discussing the problems existing in traditional banks, the unresolved problems of Bitcoin and Ethereum, how the blockchain will protect the inviolability of asset freedom, code That is, the law is just a myth, EOS's solution to blockchain governance and the execution of smart contracts. BM said that EOS has just started, and he hopes that the EOS community will protect life, liberty, property, and justice for everyone.
Zhao Changpeng posted on Weibo that Binance only charges a handling fee of 10,000, 40% of which is returned to the introducer, and the Binance team only has the remaining 60% of the income without dividends. The handling fee confiscated by Binance is actually returned to the trader. Holding dividend platform currency is a game to see who can throw it first. Industry self-regulation also requires user self-discipline.
Zhang Jian of FCoin: I personally appreciate Changpeng Zhao, FCoin opens BNB trading today
FCoin Zhang Jian posted on Moments today: I personally appreciate Changpeng Zhao and Binance. FCoin launched BNB trading today. Then FCoin issued an announcement: We will open the BNB/USDT trading market in the FCoin Innovation Zone at 17:00 on June 21, 2018 (GMT+8, the same below).
Baidu Xiaowei: Blockchain Lab and Baidu Cloud have formed a strategic cooperation, and blockchain technology is officially exported commercially
I am Zhang Yi, a reporter from Odaily. I am exploring the real blockchain. For breaking news and communicating, please add WeChat ro20110723. Please note your name, unit, position and reason.
