492909748

492909748

Bitpush Column · 395 articles

National Bank of Kuwait incorporates Ripple into its online banking business

The National Bank of Kuwait announced on Thursday (December 27) that it will integrate Ripple into its online banking system to facilitate cross-border payment transactions. The Ripple service will be available to all bank users with 24/7 access to online banking, the new transit service is now available in Jordan, and more countries will be added in due course. Ripple's novelty is groundbreaking for Kuwait as it is the first time that users in the country can transfer money directly through the direct remittance option in the online banking system. For any transfers from Jordan to the National Bank of Kuwait, as well as remittances to other banks in Jordan, the current remittance is around 1 Canadian dollar. RippleNet's DLT is a huge relief for the Jordan banking system because transfers are fast, simple, and secure, and some features in Jordan are somewhat lacking when it comes to transferring funds. With widespread adoption, Ripple is poised to become the top cryptocurrency for years to come. While Bitcoin's price and reputation are declining, various applications of XRP in finance and fintech are increasing. Ripple's best point is for major banks and financial institutions that want to use XRP to remain competitive in serving customers and providing online technology solutions. Source: China Financial Network

2794d ago492909748Blockchain applicationsBlockchain technology applications
National Bank of Kuwait incorporates Ripple into its online banking business

Uzbekistan uses blockchain technology for cadastre and real estate registration

Currently, many countries around the world have tried to use blockchain technology in the real estate industry. Following the recent use of blockchain technology in Wyoming in the US to track land transactions, Uzbekistan is also using blockchain for cadastre and real estate registration. According to CoInduck, the Russian Digital Trust and the National Land Resources Commission of Uzbekistan have jointly issued a memorandum on cooperation in the implementation of blockchain technology. They have long studied all the advantages and disadvantages of blockchain technology, including registering cadastral systems and registering real estate through distributed technology. The development of a pilot project published in cooperation between the two organizations has been completed. Project participants reported that by applying blockchain technology, greater transparency of cadastral data can be ensured and unauthorized changes can be avoided during real estate registration. Furthermore, participants agreed that all the benefits of creating a single registry through blockchain technology will have a positive impact on the investment climate in Uzbekistan. It is worth mentioning that in October of this year, the Australian (NSW) government is seeking to use blockchain technology for real estate rights transfers because blockchain technology can make the transfer process more efficient, cheaper, safer, and more reliable. Source: Webmaster's House

2795d ago492909748Blockchain applicationsBlockchain technology applications
Uzbekistan uses blockchain technology for cadastre and real estate registration

Yibang International has submitted an IPO application for the second time, and the prospects for mining machinery companies to go public are uncertain

The ups and downs of the virtual currency market have also profoundly affected the listing process of mining machine manufacturers. Recently, Yibang International, one of the top three domestic mining equipment giants, once again submitted a listing application to the Hong Kong Stock Exchange. The application was last submitted in June 2018 and is currently not valid. The waterfall in the virtual currency market in recent months has hit manufacturers that rely on selling mining machines for profit. In the industry's view, it is precisely because the price of virtual currency is unstable that the profit model of mining machine manufacturers is unstable. However, this may be the reason why the Hong Kong Stock Exchange has been slow to release the listing of such companies. Negative public opinion may affect the pace of Yibang's listing In February 2018, Yibang International announced that it plans to go public in Hong Kong. As a company listed on the New Third Board, Yibang International was delisted from the New Third Board on March 23 and officially submitted an IPO prospectus on the Hong Kong Stock Exchange in June. According to the updated prospectus, Yibang International's revenue for the first half of 2018 reached 2,138 billion yuan, operating profit of 1,089 million yuan, and profit for the period was 931 million yuan, an increase of 43.93% over the same period in 2017. Yibang International's revenue mainly comes from the BPU mining machine business. The sales volume of mining machines in the first half of 2018 was 309,000 units, an increase of nearly double compared to 158,800 units in the same period last year; revenue from BPU in the first half of 2018 was 2.115 billion yuan, accounting for 98.9%, compared to 202 million yuan in the same period last year, accounting for 85.1%. Furthermore, the 542.9 million yuan transfer crisis between Yibang International and the online lending platform Yindou.com is still unresolved. According to reports, Cui Hongwei, the wife of Li Yonggang, the actual controller of Yindou Network, transferred a total of 524.9 million yuan to Yibang International between December 2017 and February 2018. From March to April 2018, Yibang International transferred a total of 380 million yuan to Cui Hongwei. The whereabouts of the remaining 144.9 million yuan is still unknown. Investors from Yindou Network believe that the amount did not comply with the contract agreement, that it was money defrauded by Yibang Network from investors, and demanded that Yibang International pay it. Up to now, Yibang International has made no statement on this matter. It is worth mentioning that Yibang International's updated prospectus did not disclose the company's third-quarter operating information. Among the major adverse changes, it was mentioned that BPU customers determined that the value of the new purchase order contract in the third quarter increased slightly compared to the second quarter, but the average monthly new contract value recorded since the third quarter of 2018 dropped sharply, and compared with the first three months ending June 30, 2018, revenue and gross profit fell sharply in the first three months ending September 30, 2018. According to some opinions, the performance of all major mining machinery manufacturers showed a sharp decline in the third quarter. Yibang International submitted another application just before the third quarter report was released in order to reduce barriers to listing. Regarding the timing of Yibang International's re-application for listing, Bo Chunmin, assistant research manager of the Yiou think tank, said in an interview with Times Finance that there is not much special significance; it is just that the application period has expired and it is just re-submitted. However, the big difference between Yibang International and other mining machinery companies is that Yibang International was delisted from the New Third Board and then submitted an IPO for Hong Kong stocks. Furthermore, after submitting the prospectus, Yibang International faced the “Yindou.com Illegal Fund-raising Case” and “Problem Mining Machine Complaints”, and the listing had a huge impact on its brand. In the context of the cold winter of virtual digital currencies with uncertain future for the three mining machinery companies, Yibang International is not alone in having a bad time. The mining machine sales industry has almost come to a standstill due to the continuous decline in the market of various virtual digital currencies, making it difficult for mining revenue to cover costs. The sales price of various Bitmain mining machines has generally dropped by more than 90%. Take the Bitcoin mining machine T9+10.5T as an example. This model went live on January 3 this year and was priced at 24,900 yuan at the time of launch. Currently, the price of this model has dropped to 1,800 yuan, a decrease of 92.8%. Financing blood transfusions and getting through the winter smoothly is the direct reason why mining machine manufacturers are choosing to go public. “From a macro perspective, the general environment is in a cold capital winter, so many Internet companies such as Meituan Review and Xiaomi chose to go public this year; from a micro perspective, Bitcoin prices continued to fall, and mining machine sales were greatly affected as the main revenue, which had a negative impact on the company's operating income. Choosing to go public when the company's revenue is the best is undoubtedly the best choice and the most suitable time point; the second is strategic adjustment. All three companies are beginning to focus on AI chips. AI chip development requires a lot of financial support, especially when the external market enters winter. Support is provided.” Bo Chunmin said. Despite the urgent need for listing, the listing process is still uncertain for the three major mining machinery companies. In addition to Yibang International submitting a listing application for the second time, mining machine manufacturer Jianan Yun, who went to Hong Kong to submit a prospectus in May of this year...

2795d ago492909748Blockchain venture capitalmining
Yibang International has submitted an IPO application for the second time, and the prospects for mining machinery companies to go public are uncertain

Ethereum plummeted 20% “behind the scenes”: probably Chinese investors

“It was like riding a roller coaster.” Investors are commenting on the recent currency price trend of Ethereum. After several months of decline, Ethereum achieved growth above the average level of the coin market in just a few days; then, it made a U-turn and fell again. Behind the price of the currency, the Ethereum community is preparing a long-overdue plan — the “Constantinople” upgrade. After that, Ethereum will gradually move from PoW to PoS consensus. This means that Ethereum mining revenue will gradually decline until it returns to zero. Miners are leaving the market, but Ethereum is expected to experience an explosion in performance. Countless competitors are eyeing Ethereum's status as the “king of public chains.” The future of Ethereum is still uncertain. Big boom, then big drop: Soon after reaching the recent high of $158, the price of Ethereum began to drop rapidly. Ethereum, which has always been in decline, unexpectedly came out of a sharp rise: in just 6 days, it climbed from an annual low of $81.9 on December 16 to the aforementioned high, surging 92%. “The price of Ethereum is back in four digits.” On December 24, when Ethereum was suddenly raised from $128 to $145 (RMB 1000.38), an investor lamented. This exclamation is quite sad: at the beginning of 2018, the price of Ethereum was still 1,400 US dollars, equivalent to about RMB 9,627, which is more than 9 times what it is now. In any case, with the sharp rise of Ethereum some time ago, mainstream digital currencies such as Bitcoin, XRP, and EOS also surged across the board, with an average increase of more than 10% in 24 hours. However, the good times didn't last long. Soon, the price of Ethereum began to fall like a cliff. The sharp drop began at 23:00 on December 24. Within 1 hour, its price fell from $158 to $144, a drop of 8%. Another round of decline followed. As of 19:00 on December 25, Ethereum had fallen to $127.22, with a cumulative decline of nearly 20%. “I just want to curse people. Only domestic bookmakers can do this kind of game.” An investor told a blockchain reporter. Yu Yang, COO of the Mining and Maritime Association, also believes that the current roller coaster market is probably due to tourism investment. So-called floating capital is liquid capital with a sensitive sense of smell and extreme greed. They see the moment, smell the wind and move in and out quickly. What supports Yu Yang's judgment is that most of the capital flowing into Ethereum this time is USDT. The time point for the draw was chosen at 8:00 a.m. Beijing time, and there was also cooperation from CCTV news. “It is probably due to Chinese tourism.” he said. A sharp rise followed by a sharp drop, which indicates that tourism capital has begun to retreat. Meanwhile, financial columnist Yin Haotian believes that one reason for the current currency price fluctuation is a game between bulls and bears. “Bitcoin is on the $4,000 price line, and there are many short orders,” Yin Haotian said. “The bulls used to raise the price of Ethereum to drive up the price of Bitcoin and eat up the short orders.” Why aren't bulls directly driving up the price of Bitcoin? He said this reflects the lack of capital in the digital currency market — the main capital is not enough to push the price of Bitcoin to the point of bursting out of empty orders. This also confirms from the side that the drawing capital is likely to come from floating capital. He believes that another reason for the sharp decline was the sudden collapse of US stocks. On December 24, Beijing time, US stocks fell sharply, and the three major stock indexes all fell by more than 2%. Among them, the S&P 500 index and the Nasdaq index have already fallen into a bear market. “The sharp decline in US stocks completely destroyed investors' psychological defenses, causing them to sell in a panic.” He analyzed. Why are investors focusing on Ethereum at this time? Among the many external reasons, Ethereum's upcoming “Constantinople” upgrade is probably one of the reasons. What does Ethereum's “Constantinople” upgrade mean? According to Ethereum's roadmap, from launch until now, Ethereum will go through four major stages, which are named: Frontier (Frontier), Homestead (Homestead), Metropolis (Metropolis), and Serenity (Serenity). Among them, the third stage is divided into two parts — “Byzantium” and “Constantinople.” They are all ancient names for the famous Turkish city of Istanbul. In October 2017, the Ethereum network completed the Byzantine upgrade at block height of 4370000. According to the original plan, in the second half of 2018, Ethereum should complete the Constantinople upgrade. However, due to the continuous emergence of new EIPs (Ethereum Improvement Proposals, Ethereum Improvement Proposals) in the Ethereum community, time has been delayed over and over again. Until the Ethereum core developer conference on December 7th. At the meeting, the Ethereum community agreed to plan 708000...

2796d ago492909748Ethereum
Ethereum plummeted 20% “behind the scenes”: probably Chinese investors

Will Grin, the first popular project before going online, become the next speculative outlet?

In the cold winter, the Grin mining complex was quite hot. Grin is a popular project in the US crypto VC community some time ago. Thanks to the support of several Chinese speculators, the popularity has recently spread to China. Investors who don't understand technology are gnawing at technical documents and searching the Internet to find mining methods, hoping to invest in the development of ASIC miners. According to the official website, the Grin program will go live on January 15, 2019. In other words, at a time when the crypto market is currently at such a low point, this project hasn't gone live yet, making a large number of institutions eager to try it out. The project is popular, but the founding team is quite Buddhist. They don't seem to be interested in investing. The Grin project did not split coins in advance, did not accept investments, and did not have ICOs; all coins needed to be mined by miners themselves. The team's fundraising mostly depends on donations, so it was a bit difficult for them in the early stages of the latest fundraising phase (although they needed to raise 16 BTC). Core developer Michael Cordner said in an interview, “Our community funding model does face some challenges, but it's the only one we think is fair to everyone.” The CEO of BlockCypher, the sponsor of Grin's US conference, even denounced some investors and institutions, saying, “Our tickets are for developers, so don't impersonate developers to buy tickets for the Grin US conference.” All of this imbued the team with idealism and ironically boosted the hype's enthusiasm. A user from the Chinese mining group commented: “The author (founder) really didn't want Grin to be the target of hype. But everyone in the group wanted it to be the subject of hype.” According to various sources, the reason why this project was initially popular was that the underlying agreements and projects were published by anonymous people. The decentralized and idealistic atmosphere of the community was quite mysterious and attracted the attention of many early Bitcoin community members; second, the team did not accept investment, and everyone could only obtain it in the form of mining, which is also similar to Bitcoin. xDAG attracted a number of miners last year. Furthermore, Grin's monetary policy is special: there is no issuance cap, steady growth, and hopes for no inflation or deflation. Daily Planet Daily would like to sort out this recent small project. The following is the detailed information. Cryptocurrency dedicated to providing “privacy” The official website explains “what is Grin” in one sentence: Everyone's electronic transactions have no censorship or restrictions. It also suggests that its three characteristics include: private (private), expandable (scalable), and open (open). Unlike other projects coded in C++, Grin relies on the coding language Rust. Its underlying protocol uses a privacy-preserving blockchain format called MimbleWimble, which makes tokens interchangeable, and users will have a strong guarantee of anonymity. The Mimblewimble project first appeared in mid-2016, when the Mimblewimble white paper was anonymously published for the developer Tom Elvis Jedusor (Voldemort's name in the French version of the Harry Potter series). The white paper argues that Bitcoin scripts should be abandoned and used a new way to record transactions. Mimblewimble was initially defined as an improvement over Bitcoin. However, the Bitcoin network's adoption of this technology has been slow, and Mimblewimble wants to make it a reality, choosing an independent cryptocurrency is probably the best way. Grin was created in November 2016 and was the first example of applying the Mimblewimble protocol. A second implementation attempt, Beam, appeared in April 2018. Currently, cryptography lacks real money as a medium of exchange between parties, because cryptocurrencies cannot have the four cornerstone attributes of global digital cash: price stability, scalability, decentralization, and privacy. Grin hopes to improve these four issues through the underlying protocol Mimblewimble. How does the core protocol MimbleWimble work? Bitcoin transactions (or any currency trading system) must meet two conditions: they must be able to verify that the number of transactions on the receiving end and the sender side is equal, and ensure that everyone can only make electronic transfers from their own account, that is, account transactions can only be completed by the private key holder. To be satisfied...

2796d ago492909748cryptocurrencyBitcoin
Will Grin, the first popular project before going online, become the next speculative outlet?

The “cold” against the water, Bitmain's AI path to self-help

After endless scenery, it also suddenly became sluggish. Now Bitmain has reached an important crossroads of transformation and self-help. According to Twitter netizens, Bitmain lost 740 million US dollars in the third quarter. And if you add in the money invested in the hashrate war, this figure will only be higher. Many people have probably forgotten. Just three months ago, Bitmain's prospectus also showed that its total profit for the first half of this year reached 743 million US dollars, an increase of nearly 8 times over the previous year. The contrast is astonishing. Success is “mining” and losing “mining”. I believe many people knew almost nothing about the company Bitmain in the second half of last year or even before this year. However, its 4 years of obscurity have a lot to do with the development of the blockchain industry. Or put it this way, Bitcoin contributed greatly to the reason why Bitmain was crowned with an aura; now it has fallen into the Altar of God, which is also related to Bitcoin. The point in which Bitcoin appeared is critical. In 2008, the global financial crisis broke out, and its spread and impact are still being felt. At this time, Satoshi Nakamoto posted a Bitcoin white paper on a secret cryptography review group, detailing his ideas about virtual currency, which sparked quite a bit of water in a small area. In 2009, Satoshi Nakamoto “mined” the first batch of 50 bitcoins. According to Bitcoin's POW mechanism, anyone can obtain bitcoins through a mining computer, but bitcoins are halved every four years, and the final circulation limit is 21 million. At this point, “mining” and “mining machines” only sprout. This year, Wu Jihan graduated from college and entered the investment industry. Wu Jihan came into contact with Bitcoin in 2011. At the time, he had been in the investment industry for 4 years, and intuitively told him that Bitcoin was extremely valuable. At a time when the price of a single coin was $10, Wu Jihan entered the market with $100,000. The inflection point came in 2013. This year, large amounts of capital poured into the Bitcoin market, causing the Bitcoin price to soar rapidly. In the last two months at the end of the year, the Bitcoin price quickly soared from around $200 to over $1,000, rising 5-6 times. Meanwhile, in just 4 years, miners mined almost half of the total amount of bitcoins. Things are scarce and expensive. The smaller the amount of bitcoins left, the higher the mining computing power requirements, and the “miners” feel more urgent. As a result, demand for ASIC mining machines with high computing power skyrocketed instantaneously. Before the advent of ASIC miners, mining operations represented by the Bitcoin POW mechanism were all carried out based on CPU/GPUs. The advent of ASIC chips increased mining efficiency by 10,000 times. It was under such circumstances that Wu Jihan quit his original investment banking job, founded Bitmain, and concentrated on “mining.” With strong R&D capabilities and speed of iteration, the high-computing power ant miner developed by Bitmain quickly gained a foothold in the industry. The success of Antminers has made Bitmain's market influence and prospects more impressive. The production capacity of hundreds of thousands of mining rigs every year has made it beat other ASIC miners and monopolize 90% of the global Bitcoin mining machine market. The time is 2017. After a round of sharp rise, the price of Bitcoin also approached the 20,000 US dollar mark at the end of this year. Along with the rise in cryptocurrency prices, Ant Mining had a spectacular situation where it was difficult to find an aircraft for a while. However, this rise only continued until the first half of this year. Beginning in the second half of the year, the development trend of the blockchain industry declined rapidly due to inconsistent technical standards and regulations, imperfect third-party evaluation mechanisms, difficult to break core technology bottlenecks, industry coin trading chaos, and related control policies. Just take Bitcoin as an example. At the beginning of this year, the price of Bitcoin once reached a high of 15,000 US dollars. Up to now, Bitcoin has dropped to more than 3,000 US dollars, a drop of nearly 80%. Bitcoin has plummeted and mining revenue has shrunk rapidly. Miner owners and miners bear the brunt. Reflected on Bitmain, this is a sharp drop in the price of Ant mining machines. Take the S9 mining rig as an example. It was first sold at around 20,000 yuan. At its peak in January this year, it was still hard to find a single machine that reached 35,000 yuan. However, the current retail price is only over 2,000 yuan. In addition, Wu Jihan blatantly defaulted on the contract, triggering the continuous fermentation of negative news such as “public outrage.” Under the heavy attack, it only took 3 months for Bitmain to make a steady profit of 740 million US dollars in half a year to a total loss, and the original “intense” listing plan was suddenly put on hold. Under the crisis, the transformation of Bitmain is already clear, which is to embrace AI chips. Jenk Group's AI appeal Bitmain has two CEOs. One is Wu Jihan; the other is Jenk Group, which has technical roots. Normally, there are two main reasons for the emergence of dual CEOs: corporate crises and internal differences. Bitmain seems to have taken over both. On the corporate crisis side...

2804d ago492909748crypto exchange
The “cold” against the water, Bitmain's AI path to self-help

Students in the UK and Iran use Bitcoin to pay tuition

As early as November, the US successfully pressured Swift, a bank settlement system, to sever Iran's ties with the global financial system. According to reports, this has caused Iranian students abroad to bypass banks and use Bitcoin to pay tuition fees. Iran News Agency (Iranwire) explained to the British media: They use Bitcoin and other cryptocurrencies to obtain funds. Many international students at the University of Cambridge (University of Cambridge) have experienced problems with banking services in the UK. British newspapers also reported that some British institutions suggest that these students fly back to Iran and bring legal cash back to the UK to pay tuition fees, such as the University of Reading (University of Reading). Since these students need to take their money out of the border, it may present them with a range of legal issues. In addition to Iranian citizens, the Iranian government may also use cryptocurrencies to evade economic sanctions. According to Fincen, Iran has traded at least $3.8 million worth of bitcoin each year since 2013. The country may soon follow in Venezuela's footsteps and launch a national digital currency in an attempt to evade sanctions on a wider scale. If this happens, the Iranian government may seek support from Russian experts. Meanwhile, international crypto exchanges have stopped serving Iranian customers to avoid the risk of violating US sanctions. Source: ChainFinance

2804d ago492909748cryptocurrencyBitcoin
Students in the UK and Iran use Bitcoin to pay tuition

Bitcoin jumped 11%, the best single-day performance since the end of November

Bitcoin recovered slightly to $3,400 on Monday after weeks of sharp decline, CNBC reported. Cryptocurrency has plummeted more than 80% from its all-time high a year ago. According to CoinMarketCap.com, the Bitcoin price topped $19,475 on December 17, 2017. Since then, Bitcoin has plummeted. According to data from industry data website CoinDesk, Monday's trend was the best single-day performance since the last week of November. The cryptocurrency rose 11% to a high of $3,437.57, but it fell more than 50% over the past three months. Mati Greenspan, senior market analyst at eToro, said: “As a relatively new concept, cryptographic algorithms are still finding their place in terms of value.” “It's important to remember that in every market, all assets go through a price discovery process, and cryptocurrencies are no exception. Since peaking last year, the overall cryptocurrency market capitalization has declined by more than 80%. According to CoinMarketCap's data, the total value of the cryptocurrency market fell from $592 billion in December 2017 to around $109 billion this week. Despite this, the industry has continued to grow rapidly since it was founded 10 years ago, and the $3,400 level is far higher than the price of 1 cent when Bitcoin first began trading. If you analyze Bitcoin's performance last year, you'll find that last year's Bitcoin boom was mainly driven by a flock of retail investors. According to CoinDesk data, Bitcoin started below $1,000 last year, and as of December to nearly $20,000, its total earnings reached 1,300%. This has ushered in a new era of cryptocurrency millionaires, and in many cases, these beneficiaries are tweeting about their super-high earnings and newly bought Lamborghinis. This crazy growth has also aroused the interest of some institutions. Fidelity announced a cryptocurrency escrow solution this year, and NASDAQ and ICE, the parent company of the NYSE, are both planning to launch Bitcoin futures in 2019. “Since its inception 10 years ago, Bitcoin has experienced four retracements similar to what we've seen over the past year,” Greenspan said. “Bitcoin will discover its original value; it's only a matter of time.” In previous industry-related news, the US Securities and Exchange Commission (SEC) announced an approval process for proposed rule changes relating to Bitcoin exchange-traded fund (ETF) subsidies. An ETF is a financial product that tracks the price of an asset and is listed on an exchange. This means investors don't actually have to buy assets. ETFs are seen as a way for institutional investors to enter cryptocurrency investments, which is safer than buying Bitcoin on a crypto asset exchange. The ETF in question is the VanEck SolidX Bitcoin Trust, made up of money management company Vaneck and blockchain company SolidX. This is Vaneck's third attempt at creating a Bitcoin ETF. In an updated filing, the US Securities and Exchange Commission said its decision was postponed until February 29, 2018. Eduardo A. Aleman, Assistant Secretary of the US Securities and Exchange Commission, said, “The Commission believes it is appropriate to specify a longer period of time to approve or disapprove the proposed rule change, so that it has sufficient time to consider whether this proposed rule change is appropriate.” Source: Tencent Securities...

2804d ago492909748cryptocurrencyBitcoin
Bitcoin jumped 11%, the best single-day performance since the end of November

Who is the coin guy who is raving about 100 yuan bills in Hong Kong?

Master Coin, whose real name is Wong Ching Kit, is 24 years old. He is said to be the first person on blockchain in Hong Kong. He is said to have made an 8-digit profit by trading coins, and made the leap from a Hong Kong government public house to a detached house (large villa) in Saigon within a year. On Saturday, this young man drove his own Lamborghini to throw money in Sham Shui Po, the poorest area in Hong Kong. All of them were large 100 banknotes, which at one point caused passers-by to rob. He threatened that the strange phenomenon of the sky falling on silver paper will occur in all 18 districts of Hong Kong. The small amount of coins is boastful. Please take a look at his Facebook page to show off his wealth. According to the Transport Department, the Orange Lamborghini was first registered in 2012. The market value at the time was about $6.32 million. Currently, the registered owner of the vehicle is “Binance Group Limited”, and Huang Zhengjie is the company's sole shareholder. The day after throwing money, he was arrested for less money. He livestreamed the whole process of his arrest on Facebook. Coinless's FB page was founded on January 1 of this year. Currently, more than 15,000 people follow him. He frequently livestreams his life on social media, including donating to charities and teaching people how to trade coins to develop together. Coin Shao has several WeChat groups, and after his arrest, he was still active in the WeChat group “Bitcoin Little Secret Organization”. Coin Shao has been selling mining machines on YouTube for more than half a year. It is very popular, and quite a few people have ordered his mining machines. It is said that if you buy his mining machine, you can later obtain the cryptocurrency Filecash Coin (FCC) issued by him through mining, which is known as the number one public chain in Hong Kong. He claims that the value of this token can skyrocket tens of times. The FCC's issuance was delayed for several quarters, and a while ago, it was finally traded online at a listing price of 0.3 USD. Immediately after the launch, there was a big increase, up to more than 14 USD. However, a day later, few coins were detained, and the FCC plummeted. In July of this year, Bitcoin Shao held a party at his detached house to entertain supporters and guests who bought mining machines. A mining machine costs 25,000 Hong Kong dollars, or 40,000 Hong Kong dollars if it is managed for 2 years. He claims that he can earn 8 times as much as 2 years of mining. He also published his address and contact information so that people can contact them at any time. Coin Shao was also beaten for offending other chain experts. There have been a lot of other companies doing this kind of airdrop. This kind of airdrop using real money as a gimmick can only be thought of by crazy people who have few coins. The gap between the rich and the poor in Hong Kong is one of the highest in the world. The young man became rich overnight, which definitely attracted many people's admiration. Judging from the fact that he donated money to charities, he was still more concerned about the poor. He himself said that he had been poor and hoped to lead everyone to become rich. Source: Golden Finance...

2805d ago492909748cryptocurrency
Who is the coin guy who is raving about 100 yuan bills in Hong Kong?

Regulatory upgrade! Romanian exchange CoinFlux suspends all trading activity as CEO arrested

CCN recently reported that the CEO of Coinflux, Vladnistor (Vladnistor), a Romanian Bitcoin exchange executive, was arrested on suspicion of money laundering and other crimes and is currently fighting to be transferred to the US. Earlier this week, CoinFlux posted an announcement on Medium.com saying that the exchange had suspended all digital currency transactions and that the company's bank account had been frozen. “The investigation process was very unpleasant, our access to the platform was limited, and we were unable to send announcements via email and website. Hopefully we can get permission in the next few days.” They said at the time that they are working to regain access to the Exchange Fund so they can determine what action they will take next. Currently, however, they are still prohibited from engaging in any form of digital currency transactions. The exchange returned all funds and is likely to be closed last Saturday, and the exchange released another update. They said they are working with MisterTango, the financial institution that manages all of their bank accounts, to return all funds to customers. The wording is somewhat vague. The original text says: “We have sent MisterTango (the financial institution that hosts our frozen bank accounts a list of blocked customers and the exact relevant balance of the CoinFlux wallet, as well as instructions to transfer these funds back to the customer's bank account. Everyone knows that banks don't host digital assets. This news doesn't seem to involve digital currencies in exchange wallets; it seems like fiat money. They haven't made an announcement about how and when to return customers' digital currency balances. Probably because of what they said before, they said they are currently unable to use their platform due to legal issues. Nistor's case mainly focused on the activities of Romanian scammers. He is accused of actively helping scammers process their wrongful wealth via Telegram, involving converting stolen funds into digital currency. The overall digital currency market was sluggish this year, but from then until now, this converted profit has been huge. CoinMarketCap.com lists hundreds of smaller exchanges, but has not reported CoinFlux's trading volume. Looking at it this way, there are probably fewer individual customers affected this time. Source: Mars Finance...

2805d ago492909748crypto exchangeGovernment regulation
Regulatory upgrade! Romanian exchange CoinFlux suspends all trading activity as CEO arrested

BiUP Liu Yong: “Blockchain+Gaming” Will Become the Next Hot Spot on Exchanges

Yesterday, the China-Korea Future Blockchain Forum Global Summit was held at the Seoul Dragon City Hotel in Yongsan-gu, Seoul, South Korea. Hundreds of people, including blockchain companies, government members, and industry experts from China and South Korea, gathered to discuss issues such as blockchain technology development and commercial applications in depth. Liu Yong, founder of BiUP, delivered a keynote speech entitled “Blockchain+Game”, the next hot topic of the exchange platform. From the perspective of the exchange ecosystem platform, he explained in depth the driving role of blockchain games in the incremental market development and large-scale commercialization of exchanges. At the event, industry leaders such as Tian Xia-jin, chairman of the Korea Blockchain Association Management Committee, Du Jun, founding partner of Node Capital and founder of Gold Finance, and Zhong Gengfa, founder of ChainUP, attended the event to conduct in-depth discussions on the current state of the China-Korea digital currency exchange and the technology trends, development opportunities, and challenges faced by the industry. Liu Yong, founder of BiUP, pointed out that blockchain games will be the first large-scale commercialized market segment of blockchain in the 2C field. Blockchain can not only solve the shortcomings of games due to centralized fraud, but also truly solve trust issues. At the same time, blockchain can also capitalize games, allow players to trade game assets in the blockchain world, and even use games as a career to make money. In terms of game creation, players also have absolute freedom to dominate. He pointed out that digital currency investment in some countries is close to the early mass market, which will bring large demographic dividends. The development of China's digital currency industry is also entering the early mass market, but it is facing development bottlenecks such as high digital currency conversion costs, exchange registration headaches, and trouble trading small currencies, which seriously hinder the transaction and circulation of digital currencies. The BiUP Aggregate Exchange is a phenomenal product in this year's exchange. It is the symbol of the Aggregate Exchange and can help Xiaobai users easily trade and manage digital currencies. Soon, BiUP will launch a blockchain gaming platform so that players in the game can smoothly use the exchange as popular users, and the BiUP platform will undertake user asset and NFT transactions. In the future, BiUP will create a new digital currency management ecosystem platform to make digital currency circulation simpler, convenient, and smooth. On top of this ecosystem, it will integrate various applications such as blockchain gaming platforms, payment platforms, and advertising platforms to help users easily consume and trade digital currencies to solve digital currency purchase and circulation problems. Liu Yong believes that the blockchain industry will be adjusted and commercialized once before it can enter a period of rapid development. The exchange will be the basic platform for digital currency circulation, providing a guarantee for the circulation of blockchain value on the Internet. It is precisely because of this adjustment, the prosperity of various applications centered on blockchain games, payments, and advertisements that can truly usher in an era of digital currency development and prosperity. Source: Lots of games...

2805d ago492909748Exchangescrypto exchange
BiUP Liu Yong: “Blockchain+Gaming” Will Become the Next Hot Spot on Exchanges

Coin industry boss Zhang Jian: FCoin plummeted 96% and found a wife to take over

In Huang Zhendong's eyes, Zhang Jian is a workaholic. He has a deep belief in Bitcoin, and can memorize the full white paper written by Satoshi Nakamoto. Half a year ago, Huang Zhendong was still working as PR for FCoin. While busy, he was out of touch for two days and two nights. He helped Zhang Jian contact the media for an exclusive interview and schedule an itinerary. When proud, Zhang Jian even bluntly stated to the media: FCoin is the greatest blockchain after Bitcoin. On May 24, Zhang Jian returned to the coin industry with FCoin. His trading mining mechanism immediately attracted the attention of the market during the bear market. 51% of FT was returned to users through transaction mining, 80% of the platform revenue was returned to FT holders. Coupled with the invitation reward mechanism, the three major reward mechanisms were superimposed, like a thunder, and immediately blew up the market. In less than two weeks, it rapidly emerged as the number one trading platform in the world. The trading volume surpassed the total trading volume of the second to seventh-largest trading platforms, which is impressive. One month after launch, FCoin's market capitalization surpassed 36.2 billion. This figure is 1.5 times that of Binance and 2 times that of Huobi. “Sorry, I haven't slept in two days.” At the time, Zhang Jian revealed it in the community. “The team is working intensively, and FCoin achieved the goals it was originally planned to achieve in a year or two in just 21 days.” As soon as Zhang Jian took action, he drilled a big hole in the exchange model, and the internet subsidy war burnt down the digital currency exchange. FCoin's rise to prominence not only invaded the market share of other exchanges, but also threatened the original operating models of major exchanges as never before. Investors seeking profit and avoiding harm are beginning to demand that other exchanges match FCoin and refund processing fees. The three leading exchanges, Binance, OKEx, and Huobi, were no longer able to hold back as a “game breaker” was slowly eroded by a “spoiler.” The “war” has begun. Facing the strong rise of FCoin, Binance boss Zhao Changpeng criticized on Weibo that “transaction mining” is not only a disguised ICO, but also a high-priced ICO, and users should invest rationally. You use Bitcoin or Ethereum's processing fee, the platform “100%” refund, and get back the platform currency. Is this using Bitcoin or Ethereum to buy platform coins? How is it different from an ICO? Faced with questions, Zhang Jian can be described as being full of ambition and enthusiasm at this time. In an interview with reporters, he said that he had long-term plans for FCoin, and that people who questioned FCoin didn't understand FCoin's logic. Undercurrents are surging amidst a lively scene of singing and dancing leveling up. The huge crisis is gathering energy under a calm surface, and everyone is blinded by FT's rapidly skyrocketing currency prices and high dividends. Offered to reform the currency and stepped on the red line. After a short period of boom in the market, the FCoin platform CoinFT fell in response, falling from a high point of 2.8 yuan to 1.12 yuan, a drop of more than 60%. FT holders began to question FCoin, and even the combined benefits of several incentives couldn't keep up with the rate of falling currency prices. Faced with the rapid decline of FT, Zhang Jian offered a second major killer — currency reform. On July 2, FCoin launched the GEM platform, which initially listed 21 currencies. On July 5, it also announced the launch of the currency reform pilot zone. The first knife transaction mining has broken through the sky, and the second sword is playing with currency reform. Zhang Jian has disrupted the entire coin industry. The currency reform announcement directly refers to three types of projects: (1) the tokenization transformation of large-scale Internet platforms; (2) the tokenization transformation of large-scale physical industries; (3) global token economy innovation projects, especially the Belt and Road global digital economy+token project, and major innovation projects in the global infrastructure of the token economy. Despite using the banner of currency reform, Yuandao and Meng Yan, two representative figures of the token faction, they claimed to the outside world that the purpose was to create a new form of large-scale token economy with blue chip characteristics, and establish value investment confidence in the new blockchain world. Surprisingly, judging from the results, the currency change to FCoin was not as advanced as claimed. Industry analysts believe that the currency reform essentially uses customer resources and traffic accumulated by large enterprises to import these traffic resources into FCoin and increase FCoin's transaction volume; that's all. Zhang Jian's wishful thinking didn't work this time. The first public project for FCoin's currency reform is BizKey, which claims that it will use smart blockchain POS machines to create usage scenarios for digital currency offline retail payments and set future offline digital currency payment standards. However, the first currency reform project to launch FCoin was not BizKey, but QOS. After the launch was suspended for a short time, QOS started and fell to a standstill on the next day. It still fell to a standstill on the third day, then plummeted for four consecutive days, getting closer and closer to zero. August 1...

2805d ago492909748crypto exchangecryptocurrency
Coin industry boss Zhang Jian: FCoin plummeted 96% and found a wife to take over

After the US, Hong Kong merchants became targets of Bitcoin bomb extortion email attacks

The South China Morning Post reports that following the US and Canada, Hong Kong merchants are being targeted by Bitcoin criminals. These crooks threatened that if bitcoins are not sent according to their requested time, victims will receive a bomb. Network Box CEO Michael Gazeley was one of the victims. According to reports, Gazeley received an email threatening a Bitcoin bomb. The scammer threatened that if Gazeley wanted to avoid receiving a bomb at the office, he would have to pay 20,000 dollars. However, Gazeley was 99.99% sure that the content of the email was untrustworthy. He also pointed out that the email had typos and grammatical problems. Currently, the relevant authorities in Hong Kong have not provided further information on the issue, so the exact number of companies that have received the Bitcoin bomb threat is unknown. According to a previous report from Webmaster's House, the US government has confirmed the existence of bomb-threatening emails and advised people to file complaints and feedback with relevant agencies. Additionally, Australian and New Zealand government agencies are also investigating the Bitcoin bomb threat. Source: Webmaster's House

2805d ago492909748cryptocurrencyBitcoin
After the US, Hong Kong merchants became targets of Bitcoin bomb extortion email attacks

How does the “national team” central bank apply blockchain?

Banks are present in every trend of social change. Although they are not necessarily the first to be reformed, they will always be absent. At a time when we thought banks were indifferent to blockchain, they had come a long way in blockchain technology. According to the “2017 Global Blockchain Enterprise Patent Ranking (Top 100)” published by iPrDaily and the Incopat Innovation Index Research Center, the number of applications from the Digital Currency Research Institute of the People's Bank of China, the People's Bank of China Printing Science and Technology Research Institute, and China Banknote Credit Card Industry Development Co., Ltd. in 2017 was 33, 22, and 13, respectively. The People's Bank of China surpassed Alibaba to become the 2017 global blockchain patent champion with a total of 68. In fact, the central bank's research and exploration of blockchain began three years ago. In 2015, the China Banknote Blockchain Technology Research Institute (officially formed in 2016) team began to focus on blockchain technology. This is the first team in the central bank system to study digital currency and blockchain technology; in 2016, the China Banknote Blockchain Technology Research Institute team undertook and organized the development of a digital note platform based on blockchain technology, which has now been successfully launched on the Stock Exchange; in January 2016, it tested a blockchain-based digital currency and began to fight for blockchain securities rules; on January 29, 2017, the central bank officially established the Digital Currency Research Institute to study blockchain and blockchain technology Digital currency development to ensure that the potential of blockchain technology can be used to the greatest extent in China's financial industry; in February 2017, the blockchain-based digital bill trading platform promoted by the People's Bank of China was successfully tested, and fiat digital currencies issued by the central bank were also tested on the platform; on March 26, 2018, the People's Bank of China announced the successful establishment of the Blockchain Registration Open Platform (BROP), which aims to establish multiple economic departments, reduce the burden on officials, and meet the certification requirements of government agencies; on September 4, 2018, the Shenzhen branch of the People's Bank of China began Pilot work on the “Bay Area Trade Finance Blockchain Platform” has been launched. The platform is dedicated to building an open financial and trade ecosystem based in the Guangdong-Hong Kong-Macao Greater Bay Area, facing the whole country, and radiating the world. Trade and financing activities can be carried out on the platform in various scenarios, including accounts receivable trade finance, etc. At the same time, the platform also provides a trade finance supervision system for regulators to monitor the dynamics of various financial activities on the platform in real time. Overall, the blockchain applications of the People's Bank of China currently cover fields such as digital notes, digital currency, trade finance, etc., and most of them are still in trial operation, which is quite cautious. Of course, there are still very few blockchain projects that can actually generate social benefits; this is true for the entire industry. On the one hand, there are still many misunderstandings about people's perception of blockchain. On the other hand, blockchain technology itself is indeed still in the exploration stage, and blockchain is still facing problems such as poor performance, unclear effects, and insufficient supervision. In September 2017, the central bank and 7 other ministries and commissions jointly issued the “Notice on Preventing Token Issuance and Financing Risks” to stop ICOs, and there were many voices calling down blockchain on the internet. What needs to be clear, however, is that ICOs are not the same as blockchain; they are just people taking advantage of the chaos to steal. What needs to be done now is to return to rationality, research and use blockchain to solve practical problems and serve the real economy. This is the correct attitude in the face of a new technology. The central bank has given a good example. Source: Out-of-chain reference...

2805d ago492909748blockchainBlockchain applications
How does the “national team” central bank apply blockchain?

Last year today: $20,000 per Bitcoin

Since the beginning of winter, the weather in the entire cryptocurrency industry has been extremely cold. According to non-small market data, on December 16, 2017, the overall market value of Bitcoin reached a record high of 326.5 billion US dollars. At that time, a Bitcoin could be exchanged for about 20,000 US dollars. A year has passed. On December 15, 2018, a Bitcoin could only be exchanged for 3,194 US dollars, less than a year ago. In a year, Bitcoin fell from the “top of the mountain” to the “bottom of the valley,” and the mining machines closely linked to the entire cryptocurrency ecosystem also went from being “hot potatoes” to “hot potatoes.” Recently, the Daily Economic News (WeChat: nbdnews) reporter logged on to the official website of Bitmain, the world's largest mining machine manufacturer, and discovered that the prices of mining rigs that had been hyped up to tens of thousands, or even tens of thousands, were hard to find, and even demanding to help smugglers have been drastically reduced. Compared with the original pricing at the beginning of the year, many models have been reduced to less than 10% off, and the minimum is only 300 yuan. Futures and current prices both hit a 1-year low. On December 15, the CME (Chicago Mercantile Exchange) Bitcoin futures BTC contract for January closed down $70, a drop of about 2.18%, to $3145. It set the lowest closing record for the current month for two consecutive trading days, falling by about 4.70% this week. CBOE (Chicago Board Options Exchange) Bitcoin Futures XBT's January contract closed down $95, down about 2.93% to $3,150. It also hit the lowest contract closing record for the current month for two consecutive days, falling by about 4.04% this week. The non-small market shows that at 18:15 on December 15, 2018, the unit price of Bitcoin was 3,194 US dollars, the lowest in a year. The overall market value was US$56.6 billion. Compared with the highest point on December 16 last year, it plummeted by 82.7% and evaporated US$269.9 billion. One year since Bitcoin's highest market capitalization, the market has set several lowest records, and records may be refreshed at any time. This kind of scene is a bit disastrous. Many models of Bitmain are less than 10% off. Recently, a reporter from the Daily Economic News (WeChat: nbdnews) logged on to the official website of Bitmain's ant miners and discovered that the prices of the mining rigs that once exploded to tens of thousands or even tens of thousands at the beginning of the year have been drastically reduced. Compared with the pricing at the beginning of the year, many models have now been reduced to less than 10% off. Among them, the price reduction of the Bitcoin mining machine T9+ is the most obvious. According to the official website, the Antminer T9+ 10.5T (including APW7 power supply) has a unit price of 1,800 yuan. At the same time, the official website shows that the unit price of the APW7 power supply is 650 yuan, that is, the actual price of the Antminer T9+ 10.5T is only 1,150 yuan. Back in the beginning of the year, on January 3, 2018, the “Antminer Sales” account launched sales information for the Antminer T9+. The provisional price of the Antminer T9+ was 24,900 yuan at the time. As soon as the news came out, the mining community was in turmoil. At the bottom of the article, some miners asked, “This mining machine only has 10.5T computing power. Is it that expensive to sell for gross?” Another miner added: “Yes, I'm also very puzzled. Compared to the S9, the computing power is low and the power consumption is high, so why can it still sell for twice the price of the S9? I don't know where my confidence is. Once I calculate it, the recycling cycle is 6 months long, and there are no surprises along the way.” At this point, some miners answered, “Can you grab it and talk about it again?” Someone quickly asked, “Can I buy this?” At current prices, this mining machine has dropped to 4.6% at the beginning of the year. In terms of Litecoin miners, the L3+ price reduction is not vague. According to Ant Miner's official website, the current unit price of the L3+ 504M model is 400 yuan. Litecoin is a P2P currency similar to Bitcoin and is expected to produce 84 million LTC. Transactions are processed through the sCrypt Proof of Work Solution. The reporter inquired that on March 11, 2017, a merchant evaluated the Ant L3+ Litecoin miner, showing that its price was 11,700 yuan. In terms of mining machines with a single encryption algorithm, the A3 dropped most significantly. According to the official website, the unit price of the Ant Miner A3 815G is 300 yuan. The reporter inquired that at 14:00 p.m. on January 17, 2018, Bitmain released a new mining machine, Antminer A3, on its official website, which can mine all types of BLAKE2b algorithm. The most representative of these is Siacoin (also known as cloud storage, SIA is a decentralized cloud storage blockchain project). A total of 6,000 units were sold in this batch, and each account was limited to one unit. Although the official website sold for 20,800 yuan, it was sold out by miners as soon as it went public, so it can be said that it is hard to find a single machine. Some industry insiders calculated at the time. Taking SC (cloud coin storage) as an example, an A3 mining machine has a rated computing power of 815G. According to the difficulty level at the time, 1G can mine about 15 SCs per day. The market price of each SC is about 0.21 yuan. One mining machine is 815G, equivalent to...

2806d ago492909748Bitcoin
Last year today: $20,000 per Bitcoin

German company Xolaris launches Bitcoin mining investment fund

German investment firm Xolaris has launched a European private equity fund focused on Bitcoin mining, CNN reports. Xolaris expects to raise $34 million to $57 million for the four-year project, the company announced in a press release. “Professional investors are constantly asking us to create regulated products in the cryptocurrency sector,” said Stefan Klaile, CEO of Xolaris. The minimum investment amount for this fund is $285,000. Klaile said the new fund is a joint venture with Marc Stehr, owner of an existing 2,000-unit supercomputer mining farm in Sweden. Part of the fund's funding will be used to expand data centers in Sweden, such as expanding the Swedish Bitcoin Mining Center “We decided to collaborate with Marc Stehr on products because Mr. Stehr already has the existing mining infrastructure in his project, which has proven to successfully produce Bitcoin,” Klaile said. “This means that some of the risks have been eliminated.” Xolaris said that due to the country's cool climate and low electricity costs, the location of the Swedish Bitcoin mining farm is ideal. As CCN reports, Sweden's political environment may be more favorable to cryptocurrencies as the country is rapidly becoming a cashless society. In fact, some Bitcoin miners in Norway are considering relocating to Sweden after the Norwegian government removed tax subsidies on Bitcoin miners' electricity. Xolaris Group is also planning to launch a $50 million Bitcoin mining fund for Asian investors in Hong Kong. Following the launch of its flagship European fund, subscription for Asian funds will begin in December, according to Stefan Klaile. Klaile isn't worried about the current crypto bear market, saying it's actually an advantage for his company as it will eliminate competition. “We think the current decline in Bitcoin's price is quite positive,” Klaile said. “Bitcoin mining returns are affected by various drivers, including Bitcoin price level, hash value, mining difficulty, and the price of mining equipment such as servers. We are seeing recent developments providing mine operators with an opportunity to increase their market share. “Klaile said that while the success of his crypto investment fund depends on Bitcoin's performance, that doesn't mean everything has to stop due to a temporary market downturn. “Just like the automotive industry, car manufacturers won't stop making cars because the used car market crashes,” he said. Stefan Klaile echoed the views of Barry Silbert, founder of crypto investment fund Digital Currency Group. Despite people's distress over rising mining costs, Silbert said that Bitcoin mining costs are not an appropriate benchmark for considering cryptocurrencies as an asset class, and “I don't agree with the premise that Bitcoin mining costs should be used as a good entry point,” Silbert said. “You have to separate miners' investment decisions from their operating costs to mine Bitcoin.” Silbert said the cryptocurrency mining business had a long-term focus; they didn't consider short-term gains or losses. “Miners are long-term investors,” he explained. “The mining business created in the past five years has accumulated significant capital. They are capable of continuing to mine at a loss. “Crypto mining company Coinmint plans to invest $700 million to build the world's largest Bitcoin mining center in upstate New York, CCN reports. So far, Coinmint has invested $50 million to convert a 1,300-acre Alcoa smelter in Massena, New York. The new mining farm is expected to be fully operational in June 2019. Coinmint signed a 10-year lease for the property, marking its long-term confidence in Bitcoin. Source: Ziran The source of this article is comparable. The source must be indicated for reprinting...

2820d ago492909748cryptocurrencyBitcoin
German company Xolaris launches Bitcoin mining investment fund

CryptoCat's first anniversary, is the blockchain game zoo OK?

Games with their own virtual currency and traffic have always been regarded as a field where blockchain's killer applications are born; none of them are there. Yesterday was exactly one year since CryptoCat went live, and the blockchain game industry experienced a round of heat and seemed to be falling into a trough again. Most likely, the effort went in the wrong direction. Today last year, the first blockchain game “CryptoKitties” was officially launched, surprising players who previously stayed on exchanges to trade cryptocurrencies. Apart from allowing the assets in their hands to increase value, there are also adorable virtual cats to play. Players scrambled to enter the market for a while, becoming the first phenomenal application in the blockchain industry. The landmark significance of CryptoCat is that it proved to everyone that on Ethereum, there is more room for imagination and scenarios to use and create. At this point, the curtain on the blockchain gaming era has slowly been unraveled. The industry is beginning to emerge, and a series of blockchain games, represented by animal breeding games, are flocking to the market, dubbed blockchain zoos. Over the course of this year, let me take the stage for training, betting, and financial games, advanced blockchain games or the next “IG.” After a year of accumulation, the industry has completed the first round of elimination, but there is no time left for the surviving teams to take a break, because there are also major traditional game manufacturers that are watching closely. As a last chance, blockchain games will enter the Warring States period. A year will not be long, but it will be enough to complete the fission that could only be completed a few years ago. Some blockchain games are already cool; some are struggling on the verge of survival; others are trying to transform, hoping to break through the existing model to find a new direction. CryptoCat announced the KittyVerse project in June of this year, claiming to transform CryptoCat from a product to a platform. In other words, users' cats will be able to be used in all kinds of game development, racing, battles, and costumes, and even offline products can see Crypto Cats. Originally, a single game will transform into an IP operation. Each user's cat is a separate IP. Whether you can get copyright fees depends on your cat being unpopular. However, the only thing that can be played this way is the most phenomenal crypto cat in blockchain games. As for the rest of the following genres, its IP value is far below the point where it can be converted. On the other hand, traditional game makers smelled the smell and stepped in. More professional teams, richer models, more exquisite graphics, transformation or death, leaving little time left for these mini-games. If the beginning of 2018 was still a war between countries during the Spring and Autumn period, then the next 2019 will probably enter the Great Power Game of the Warring States period. Internet giants Tencent, Baidu, NetEase, and Xiaomi quickly entered the market in the first half of this year. However, the following products went directly into the “zoo” to play personal dances. While the trick of getting lucky cats, dongles, and crypto rabbits online was astonishing, it also showed that the giants did not plan to miss out on this emerging industry trend. Of course, this is just a test for the giants. Using a game to follow up technology and experience the team may be their real purpose. Domestic insanity is raging, and foreign giants have also announced their entry. Following Ubisoft's announcement of the blockchain game “HashCraft,” Sony also recently announced that it will launch a blockchain game “Plague Hunters” based on the PS4 platform. Gamers can trade their game assets on the market, and the trading market will use Ethereum technology. Predictably, next year may be the year of transformation of blockchain games. It will also usher in a more brutal round of elimination. Big manufacturers will follow, capital will settle in, the zoo gang will escalate to Star Wars, and the Sengoku era of blockchain games will soon arrive. How to play Daikoku Games NetEase is an internet company with a large number of blockchain applications on the C-side, especially in the gaming field. The large-scale game “Against the Water Cold”, which was launched in June this year, should be the biggest experiment in integrating games with blockchain so far. Hu Zhipeng, vice president of NetEase and president of NetEase's Thunderfire Gaming Department, is also the producer of “Against the Cold.” For the introduction of Fuxi Tongbao, Hu Zhipeng treated it as a large-scale virtual social experiment: “The number of players in large-scale games is huge, and the attempt to introduce blockchain applications can be used as a large-scale social experiment. The problems that can be solved within games are very hopefully applied to real life.” Hu Zhipeng believes that the essence of a game is whether it is fun or not; it is that the content, creativity, and appeal do not attract players. New technology can make games more fun and make players' investment more valuable. It's an upgrade, but it can't be called a replacement. “I still play gyroscope with my kids. The game has always existed, but the format has been enhanced as technology has improved. It's like computer games back then; no one calls them that anymore, but there are no computer games either...

2820d ago492909748blockchainBlockchain applications
CryptoCat's first anniversary, is the blockchain game zoo OK?

[Price analysis you want] Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON

According to Cointelegraph, after signs of recovery, the market is divided over the current pullback. Some say it's just a dead cat bouncing back, while others think it's the beginning of an infrastructure process that will lead to a new upward trend. Michael Bucella of BlockTower Capital, a crypto-focused investment company, told CNBC that the smartest capital has already begun investing. Despite this, UBS's chief global economist Paul Donovan (Paul Donovan) said that digital currency will never be a currency and is “fatally flawed.” Following the recent collapse, many people questioned the longevity of cryptocurrencies. Past rebounds and sharp declines suggest that emerging asset classes fluctuate between periods of extreme optimism and pessimism. It's not an accessible space for non-believers. However, for investors who believe in the long-term story of cryptocurrencies, Ric Edelman, founder and executive chairman of Edelman Financial Services, thinks now is a good time. Start buying bitcoins. Will we or anyone pick the exact bottom? Nothing! The bottom can only be recognized in hindsight. As a result, traders can scale up and gradually build up investment portfolios. Let's see which cryptocurrencies are showing purchase settings. BTC/USD contrary to our opinion, Bitcoin's pullback didn't even reach the 38.2% Fibonacci retracement level of $4,712.89. It retreated from $4,471.1 on November 29th. This indicates that bears are unwilling to wait for higher selling levels. There is a small support level on the small uptrend line, below which the low of $3,620.26 can be retested. A breakdown of the year-to-date lows is likely to attract further sell-offs, dragging the BTC/USD exchange rate to the $3,000 level. This is an important level that should be maintained: breaking through this could result in a drop to $2,410. However, we expect the $3,500-3,000 region to hold. Therefore, traders who stick to our recommendations for a long time can hold their positions. If we find that the bears remain below $3,500, we will close the position. If the price rebounds from current levels, it could rise to $4,712.89 and $5,050.4. As the virtual currency rises northward, we can increase our positions even more. XRP/USD Ripple will trigger our recommended buy level on November 28, but it won't go above $0.4. Currently, the price has dropped and may retest the intraday low of November 25. The downward trend of the 20-day SMA and RSI below the 40 level will continue to attract sellers. If it falls below the support line in the downside channel, it could lead to a drop to $0.24508. However, if holding is supported, we expect to return to the top of that range. Traders who buy positions according to our recommendations can hold a stop-loss of $0.3. If the XRP/USD pair stays below $0.3, the position can be closed. ETH/USD Ethereum's rebound fell to $127.87. It continues its downward trend, but it has been trading between $130.5 and $102.2 for the past seven days. Breaking through this range may face a small resistance level at the 20-day EMA, but we expect this range to be broken through. The ETH/USD pair will face a strong resistance level of $167.32, and if it exceeds this level, it will be at the 50-day EMA. We recommend traders wait for trend reversals before attempting long positions. BCH/USD Bitcoin Cash has stuck it in a narrow range between $204.76 and $148.27. The longer the price stays within that range, the more intense the final breakout or collapse will be. Both moving averages are trending downward and RSI is in the oversold region, which indicates that bears are in command. We had anticipated a breakthrough because the selling market was huge and the BCH/USD pair seemed oversold. But the lack of bear trading is threatening the collapse of this range. If the price stays below $148.27, the decline could extend to the next support level of $100. On the other hand, if the bulls hold the bottom of the range and break above $204.76, we expect a rebound to $242.9 and $272.14. Aggressive traders can take this move, but since this is an anti-trend trade, keep your position small. XLM/USD becomes a new resistance when support breaks. The stronger the support, the more resistance...

2821d ago492909748
[Price analysis you want] Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON

PwC launches blockchain intellectual property trading platform in India

India's Karnataka state has announced a partnership with PricewaterhouseCoopers, one of the “Big Four” accounting firms. The two sides have jointly developed an intellectual property trading platform based on blockchain technology to bring together innovators, investors, and entrepreneurs to enhance and protect the transparency and security of intellectual property rights. PricewaterhouseCoopers launched a blockchain intellectual property trading platform in India. It is reported that the blockchain intellectual property trading platform allows innovators to submit their own patent registration ideas, which will then be verified by industry experts. Once reviewed by experts, it can be published on blockchain-based trading platforms, and any business or investor interested in these creative ideas can bid on them. At present, the blockchain intellectual property trading platform has completed preliminary testing and is expected to be officially launched after a month. At the Bengaluru Tech Summit (Bengaluru Tech Summit), PricewaterhouseCoopers director and head of government and public affairs, Saurabh Bhattacharya (Saurabh Bhattacharya) said that blockchain will become the mainstream technology in the 21st century. The blockchain intellectual property trading platform zombie innovators quickly register patents and trade with investors. PwC cooperated with the Karnataka government to implement blockchain-based solutions. Any individual or institution can upload patent applications, and investors can obtain information on innovation according to their own needs. Whether these creative ideas can be shared publicly is entirely up to the patent owner. Saurabush Bhattachaya said, “Investors and innovators will sign a Non-Disclosure Agreement (NDA). This provision ensures complete confidentiality of the creative idea itself. Afterwards, the blockchain intellectual property trading platform will legally verify such transactions through electronic contracts. Today, the fintech industry has begun to explore blockchain technology, and now we've seen manufacturing, energy, and utilities, healthcare, and government rapidly deploy this emerging technology.” Since the entire platform is based on blockchain technology, it has characteristics such as complete transparency and minimum operable range, and can encourage innovators in the fields of agriculture, science, technology, and biotechnology to disclose their ideas and patents to make positive contributions to social development. In addition to establishing this blockchain intellectual property trading platform, the Karnataka government is also planning to set up an “innovation bureau” to further protect the intellectual property rights of enterprises. Source: Golden Finance...

2821d ago492909748Blockchain applicationsBlockchain technology applications
PwC launches blockchain intellectual property trading platform in India

Austrian Blockchain Multidisciplinary Research Center opens in Vienna

According to Cointelegraph, in coordination with the Austrian Research Promotion Agency (FFG), the COMET Center approved the Austrian Blockchain Center (ABC) in Vienna based on a November 29 press release. The ABC involves 21 scientific research institutions, 54 companies, 17 relevant participants, and 16 international institutions and companies. According to the release, the research center will be multidisciplinary and focus on applications in the Internet of Things (IoT), finance, energy, logistics, and public administration. Alfred Tauders, academic director and coordinator of the center and head of the Institute for Cryptographic Economics at the Vienna University of Economics and Business, said that a multidisciplinary approach is “a necessary condition for comprehensive research.” The center will conduct research and development in five different areas: cryptographic technology and security; cryptoeconomic modeling and blockchain business applications; emerging industries and blockchain in manufacturing; data science methods for blockchain analysis and prediction; and legal and political impact. Allegedly, the new research center will work in collaboration with other COMET centers and international blockchain initiatives. These centers are funded by the Austrian Ministry of Innovation and Technology and the Federal Ministry for Digital and Economic Affairs. ABC will also receive support from Lower Austria and Vorarlberg. The Austrian government has been actively supporting blockchain initiatives and technology development. In September, the government will provide $1.35 billion in bonds on the Ethereum blockchain. At the time, Austrian Finance Minister Hartwig Loeger said the ministry was considering blockchain technology because it formed a “policy to focus on the economy.” Earlier this month, the Austrian government backed a British cancer research company that uses blockchain in its work. Lancor Scientific has developed a device that detects multiple types of cancer, and records screening results through smart contracts on the blockchain. The company plans to open a research laboratory in Graz, Austria. Source: Ziran The source of this article is comparable. The source must be indicated for reprinting...

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Austrian Blockchain Multidisciplinary Research Center opens in Vienna