headlines
headlines
U.S. financial giant Wells Fargo is developing a dollar-pegged cryptocurrency, Wells Fargo Digital Cash, which will initially be used in an internal settlement pilot across the company's business. Wells Fargo said Wells Fargo’s DLT platform will be based on R3 Corda Enterprise, a paid enterprise version of R3’s blockchain technology. The pilot, scheduled for next year, will start with transfers in U.S. dollars and is expected to expand to other currencies, eventually aiming to cover all Rich Country branches around the world. (CoinDesk)
digital currency
digital currency
He Yi: Binance C2C OTC products will be launched within a month
Weng Xiaoqi: Huobi Global will launch leveraged tiered interest rate service
Weng Xiaoqi: Huobi Global will launch leveraged tiered interest rate service
Weng Xiaoqi, CEO of Huobi Global, said at the "2019 Huobi Night" event of Shanghai Blockchain Week that Huobi Global will officially launch the leveraged tiered interest rate service at 12 o'clock on September 27, Singapore time, and will continue to empower HT, Further reduce the cost of users in the leveraged lending process.
BITMAX, Line's exchange, officially launched its service, enabling direct small-amount transactions in the Line app
Coinbase Chief Compliance Officer: Working with Other Exchanges to Find Solutions to Safely Share Customer Data
Coinbase Chief Compliance Officer: Working with Other Exchanges to Find Solutions to Safely Share Customer Data
Analysis: Exchanges currently hold at least $12.4 billion in BTC, ETH and USDT
Analysis: Exchanges currently hold at least $12.4 billion in BTC, ETH and USDT
The Block released an analysis article saying: At present, cryptocurrency exchanges hold at least $12.4 billion in BTC, ETH and USDT. Binance currently holds $3.6 billion worth of customer BTC, ETH and USDT, followed by Huobi ($2.5 billion), Bitfinex ($1.8 billion) and Bittrex ($1.6 billion). ETH held on exchanges has increased by 38% since January, a much larger increase than BTC (19%).
VanEck and SolidX Withdraw Bitcoin ETF Proposal Again
VanEck and SolidX Withdraw Bitcoin ETF Proposal Again
Cboe BZX Exchange has withdrawn its VanEck/SolidX Bitcoin ETF proposal. A decision on the proposal has been delayed multiple times, and this is the second time VanEck and SolidX have withdrawn a proposed ETF. The firms had previously withdrawn the same ETF proposal in January, citing the prospect of a prolonged U.S. government shutdown leading to rejection of the proposal. (CoinDesk)
Blockchain application
Blockchain application
Ma Zhitao of WeBank released the white paper "Shandu", aiming to use blockchain to solve social governance problems
At the 5th Global Blockchain Summit hosted by Wanxiang Blockchain Labs, Ma Zhitao, vice president and chief information officer of WeBank, published the white paper of "Benevolence". The social governance framework aimed at good deeds, realizing measurement, incentive, tracking, and supervision mechanisms does not depend on a specific blockchain bottom layer, and improves the past "small goodness" through three core mechanisms of measurement scale, incentive compatibility, and compliance governance The problem of high cost of behavior monitoring and incentives for multi-party value win-win.
PwC Lucy Gazmararian: Blockchain mergers and acquisitions will increase in the second half of 2019 and will attract more large enterprises
Bitmain releases Sufeng's third-generation AI chip BM1684
At the Fuzhou City Brain and Northeast Fujian Informatization Strategic Cooperation Conference, Bitmain released its third-generation AI chip BM1684, which focuses on artificial intelligence reasoning for cloud and edge applications. The brain infrastructure provides computing power. (36 krypton)
global policy
The German government will stay in close contact with the EU and international allies to prevent stablecoins from becoming alternative currencies
European Central Bank Governing Council: Bank of France has begun research on central bank digital currency
The German government will stay in close contact with the EU and international allies to prevent stablecoins from becoming alternative currencies
The German government will stay in close contact with the EU and international allies to prevent stablecoins from becoming alternative currencies
Foreign media: Iran will issue documents to legalize encryption mining
Foreign media: Iran will issue documents to legalize encryption mining
European Central Bank executive Cole: will submit policy recommendations on Libra to the G7 group by October
secondary title
Investment and Financing
Mastercard, Visa invest in fintech unicorn Plaid, which is providing services to Coinbase and others
Payments giants Mastercard and Visa have invested an undisclosed amount in Plaid, a fintech unicorn serving crypto businesses including Coinbase, which was recently valued at more than $2.5 billion. Currently, Plaid aims to help users link their bank accounts to an app and is serving crypto clients such as Coinbase and wallet provider Abra. (The Block)
Character·Voice
Character·Voice
Li Lihui: Libra poses an unprecedented challenge to the existing monetary system
At the 5th Global Blockchain Summit hosted by Wanxiang Blockchain Laboratory, Li Lihui, former president of the Bank of China, delivered an opening speech entitled "Digital Technology Change Will Restructure the Economic Model". Licensed, Libra seems to have all the characteristics of becoming a trusted institutional digital currency. Libra poses an unprecedented challenge to the existing monetary system: beyond commercial banks, beyond the central bank, beyond national sovereignty. In order to be "trustworthy", the digital currencies of institutions other than the central bank must have the following qualities: credit endorsement by public trust institutions, customer scale with commercial value, efficient and reliable financial transactions and payment platforms, and auditable Supported by financial assets and market access with administrative permission. He said that China should actively encourage and support technological innovation, grasp the dominance of digital technology and the digital economy; promote and standardize institutional innovation, and accelerate the construction of a digital financial system.
Yao Qian: Digital assets are not only controllable, but also can be more precisely supervised
On September 17, the 5th Global Blockchain Summit hosted by Wanxiang Blockchain Lab officially opened in Shanghai. Yao Qian, Deputy Secretary of the Party Committee and General Manager of China Securities Depository and Clearing Corporation, delivered a speech entitled "Digital Assets and Digital Finance". The important points are as follows: 1. The digitalization of assets will give birth to the retail revolution of finance, which will bring more far-reaching financial changes; 2. We need to transform digital resources into value resources, and finally serve the real economy, which is also digital assets 3. Any financial instrument, such as currency, securities, etc. is a "veil" covering the underlying assets; 4. Digital assets call for digital currency! Both the private and public sectors are working on this. In addition, it pointed out that under the means of digital technology, digital assets are not only controllable, but also can be more precisely supervised. In a sense, instead of worrying about the uncontrollable future, it is better to be vigilant that the control may be too strict.
Blackstone CEO: May invest in companies using blockchain technology, but will not hold Bitcoin
