| China's Cyberspace Administration issued the "Blockchain Information Service Management Regulations"; South Korea will implement tax relief for blockchain companies
2019-01-10 23:59
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The "Blockchain Information Service Management Regulations" will come into effect on February 15, 2019

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On January 10, the Office of the Cyber ​​Security and Informatization Commission of the Central Committee of the Communist Party of China issued the "Regulations on the Management of Blockchain Information Services", which will come into effect on February 15, 2019. According to regulations, blockchain information service providers should fill in the service provider's name, service category, service form, and application field through the blockchain information service filing management system of the National Internet Information Office within ten working days from the date of providing the service. , server address and other information, and go through the filing procedures.

digital currency

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digital currency

XRP Market Value Overtakes ETH Again

According to data from CoinMarketCap, the current global cryptocurrency market capitalization is approximately US$127.707 billion, with a 24-hour trading volume of US$20.857 billion. At present, XRP ranks second with a market value of US$14.149 billion; ETH ranks third with a market value of US$14.004 billion, and the market value of XRP surpasses ETH again.

Security firm: More than 54% of Dash's computing power is controlled by unknown groups

The 51% double-spend attack on ETC made everyone realize that by renting computing power (such as: Nicehash), it is possible to control more than 51% of the computing power of smaller currencies, and then implement a 51% attack. PeckShield security personnel further tracked the Nicehash data and found: 1. The Nicehash leasing platform currently holds more than 70% of the computing power of DASH (1411 TH/s nicehash, a total of 1790 TH/s), which is relatively abnormal and has security risks; 2. Currently, the identities of the top three miners in DASH mining are unknown. Analysis of the data on their chains is suspected to be the same organization, and the total computing power of the last 100 blocks exceeds 54%. It is reported that DASH is currently the 15th largest cryptocurrency by market value.

Japan's largest virtual currency exchange Bitbank's virtual currency leveraged exchange Bitbank Trade will cease service on March 31, 2019. Due to the presence of other competing companies and the increase in Bitbank's trading volume, Bitbank Trade's liquidity has decreased and operations have ceased. In addition, Bitbank will operate as usual.

Bitwise Asset Management intends to launch a physically-settled Bitcoin exchange-traded fund (ETF), and has filed an initial registration form with the U.S. Securities and Exchange Commission (SEC) proposing the creation of the Bitwise Bitcoin ETF Trust (Bitwise Bitcoin ETF Trust). ). The fund will track the Bitwise Bitcoin Total Return Index to track bitcoin and "meaningful hard forks."

Blockchain industry

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Blockchain industry

New member information of Bitmain Fund, Wu Jihan is the CEO of Ant Mining Pool

According to Tianyan Check, on January 9, Bitmain Investment Fund added two new member information, namely CEO Wu Jihan and Chairman Zhan Ketuan. In the member introduction, Wu Jihan is called the CEO of AntPool, and Zhan Ketuan is the chairman of Bitmain. According to the information of Tianyancha, the Bitmain Investment Fund was established in 2013, and there was no information about the institutional members before.

Between 18:24 and 18:40 on January 10th, PeckShield security shield risk control platform DAppShield detected that hackers launched continuous attacks on the EOS quiz game uugame, profiting thousands of EOS, which was transferred to Binance Exchange.

Security research company: ETC double-spending attack has affected many exchanges, and the core address of the attack has been confirmed

Blockchain security research firm Slowmist released a full report on the ETC double-spend attack. The report states that several exchanges were victims of the attack. The attack started at 19:58:15 UTC on January 5. The attacked exchanges included Coinbase, Bitrue and Gate.io, and the attack mainly focused on Bitrue. The core address of the attack is the owner of 0x24fdd25367e4a7ae25eef779652d5f1b336e31da, which was originally issued 5000 ETC from the Binance address. The report also identified two addresses associated with the attack, 0x090a4a238db45d9348cb89a356ca5aba89c75256 and 0x07ebd5b21636f089311b1ae720e3c7df026dfd72.

Security Team: Dx.Exchange has a serious security breach that leaked sensitive financial data

Security Team: Dx.Exchange has a serious security breach that leaked sensitive financial data

The South Korean government announced the security inspection results of cryptocurrency exchanges. Only 7 exchanges passed all 85 checkpoints, namely Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco and Huobi Korea. The 14 exchanges that were inspected have still not improved, and 17 new crypto exchanges have not met security standards.

global policy

global policy

South Korea’s Ministry of Strategy and Finance announced that the proposed amendment to the tax law will be implemented in February, and tax relief will be implemented for blockchain companies

South Korea's Ministry of Strategy and Finance has announced proposed amendments to the 2018 Tax Law Enforcement Act, which will come into effect in February this year. It is reported that 16 fields have been added to the business that can enjoy the research and development tax credit policy, including blockchain technology. At that time, relevant large and medium-sized enterprises can enjoy 30-40% of the research and development expenses of tax reduction benefits, and 20-30% of small enterprises. Currently, the R&D tax deduction rate is 0-2% for large companies, 8-15% for medium-sized companies, and 25% for small and medium-sized enterprises (SMEs).

On January 10, Seoul, South Korea released the "Seoul Municipality 4-year Municipal Plan (2019-2022)" report. It shows that the government plans to invest 60 billion won (about 360 million yuan) in the blockchain and financial technology center in the Mapo area of ​​​​Seoul to cultivate 272 start-ups. In addition, the area will provide free space for enterprises to settle in for up to 2 years, and will form the Seoul Blockchain Industry Development Committee.

Character·Voice

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Character·Voice

Afri 5chdn, head of the Constantinople hard fork of Ethereum, said: "After the Constantinople hard fork, it is expected that the next Istanbul hard fork will be carried out around October this year, which may include ProgPoW and State PoW. Mechanisms such as Rent, the 'Serenity' beacon chain and PoS mechanisms (excluding sharding) are expected to be implemented in Q1 2020, with the first testnets spawning in the next few months."

The Ethereum Rinkeby testnet hard fork upgrade was successful

The Ethereum Rinkeby testnet hard fork upgrade was successful

In the early hours of January 10, Ethereum core developer Péter Szilágyi said that the Ethereum Rinkeby test network has been successfully upgraded to the Constantinople network, and the network is currently in good condition.

On January 10, in response to the "Regulations on the Management of Blockchain Information Services" issued by the Cyberspace Administration of China, the relevant person in charge of the National Internet Information Office stated that the introduction of management regulations that specifically regulate blockchain information services is mainly based on three considerations. That is, the need to further promote network information security management; the need to promote the healthy development of blockchain information services; the need to prevent security risks in blockchain information services.

Vitalik: Ethereum Community Should Consider Calling Constantinople a 'Network Upgrade'

Ethereum founder Vitalik Buterin tweeted that the Ethereum community should consider adopting Zcash terminology, referring to Constantinople as a "network upgrade" and setting aside forks for "spilts" "fork", used to keep more than 2 viable chains. Too many people have been asking him lately where they can dump their non-Constantinople coins.

Russian State Duma Chairman Vyacheslav Volodin: Digital Economy Act is a parliamentary priority


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