Highlights:
Wu Jihan and Zhan Keguan may step down as CEO of Bitmain
On December 28th, there were media reports that Wu Jihan and Zhan Keguan will soon step down as CEO of Bitmain at the same time, and that the person who will take over the job may be Wang Haichao. The person surnamed Wang was originally an outsider, into the bit continent has been a period of time. "There is no nail in the coffin, currently in transition." Sources close to Bitmain said.
Five six financial comment: According to the analysis, the two men at the same time out of office, Wang Haichao is likely to become the trust CEO, Wang Haichao is currently the director of product engineering of Bitmain. There is also speculation that this Wang person may be Huawei's former board member Wang Shengli. These two are the more likely speculations.
One thing that is certain is that there is indeed a power struggle within Bitmain. Bit continent's dual CEO, Zhan Keguan hope that Bit continent can incense AI direction, Wu Jihan is biased towards the blockchain, continue to produce miners and new chips, the two have long had differences. The two men stepped down at the same time may be the result of internal strife.
Currency News:
Bitmain to fire nearly half of its workforce by the end of the week
Bitmain is set to fire nearly half of its workforce by the end of the week, according to CNN. The Beijing-based company laid off a team developing a Bitcoin Cash client today. The news caused an immediate uproar when Samson Mow, Blockstream's chief strategy officer and former COO of BTCC, tweeted, "Bitmain has quietly laid off their entire Copernicus team with only 1 week's notice," Mow said. Some people had just joined the company and the layoffs came just in time for Christmas."
Japanese Yen Overtakes US Dollar as Bitcoin's Largest Fiat Currency by OTC Volume
On December 24, the Japanese yen had a market share of 48.03%, compared to the US dollar's 44.38%, according to data from Coinhills. The Japanese yen has surpassed the U.S. dollar as the most traded sovereign currency on the Bitcoin OTC market. According to Five Six Finance, Japan has a more friendly environment in the areas of digital currency laws and regulations, investment and financing.
Wall Street is quietly moving out of the crypto market
Bloomberg reported that Wall Street is quietly leaving the digital currency market. According to the report, there are two reasons for Wall Street's quiet exit from the market: the market downturn and the lack of a regulatory framework for digital currencies. The first reason is relatively simple. For the digital currency market, 2018 has been crazy, with total market capitalization plummeting by more than 80%. Blockchain companies have seen a wave of layoffs and closures. On the regulatory front, the lack of clarity will continue to discourage large institutions in the financial sector from entering the industry.
China University of Political Science and Law Establishes World Pass Research Center
On December 24, according to China.com, China University of Political Science and Law recently established the World Pass Research Center and the world's first "Pass Economy and Law International Think Tank". The purpose of the center is to carry out pass theoretical research, broaden the field of pass practice, explore pass application scenarios, and create a cyberspace destiny oriented to safeguard the interests of the global **** with the same **** body.
Chain circle dynamics:
McKinsey report: blockchain technology can help banks also improve efficiency and reduce costs
Today, December 24, McKinsey pointed out in a report that from 2008 to the present, the banking industry is facing new technologies such as blockchain, big data, cloud computing, machine learning and so on. computing, machine learning, and other new technologies.
The report highlights that if the banking industry accelerates its digitalization process, the banking sector's return on equity will rebound to 9.3% by 2015. In fact, the performance of some banks after accelerating digital transformation has proved its viability. Digitalization and FinTech transformation can effectively help banks reduce costs, improve efficiency, boost performance and increase investor confidence.
China's first electronic time bank utilizes blockchain and other innovative technologies
On December 24, Ping An of China Group said that the country's first electronic time bank using electronic social security cards as a carrier was officially launched in Qingdao, according to a report by China Securities Net. The e-banking platform is based on Ping An's Ping An Medical Insurance Technology's "City One Account" APP as the exclusive technology platform, and builds a "time exchange" platform for volunteering through mobile internet, big data, blockchain and other innovative technologies. The volunteers who have signed up with the electronic time bank can realize the functions of recording, accessing, inquiring and transferring the volunteer service time by applying for the electronic social security card of "City One Account" App and opening the time bank account of the volunteers.
Hangzhou Mayor and Vice Mayor recently surveyed JNCL
On December 19th, Hangzhou Mayor Xu Liyi and Vice Mayor Chen Weiqiang visited and surveyed JNCL. Xu Liyi said: "Blockchain technology is great, you have to use blockchain to solve the security of AI and make a good chip that everyone can afford. The integration of blockchain and artificial intelligence is the future, very optimistic about you."
People's Daily article: the use of blockchain and other technologies to achieve the optimization of job matching
People's Daily published an article entitled "Let the reform catalyze the grassroots governance innovation". The article pointed out that in the era of technological innovation, we should be good at utilizing big data, blockchain technology, especially the use of "data speak", "precise power", "equal **** enjoy" and so on. The "Internet +" thinking, reorganization of limited human, material and financial resources, efforts to optimize job matching, the most reasonable division of labor set up, the most efficient allocation of resources.
Exchange dynamics:
Binance Zhao Changpeng: will add trading pairs with XRP as the quoted currency
On December 24th, Zhao Changpeng just tweeted to announce that CoinAnn will soon launch trading pairs with XRP as the quoted currency, and that the ETH marketplace renamed to the ALTS marketplace.
Firecoin: staff optimization is indeed there, but Firecoin is still new employees
December 25 Firecoin relevant person in charge of responding to the layoffs said that staff optimization is indeed there, and is now doing the end of the elimination, but it is different from the simple reduction of staff, Firecoin is still new employees, mainly focusing on the core business and emerging markets. For the 2,000 examination questions, Firecoin has been preparing for the blockchain qualification examination since the beginning of 2018, with the purpose of strengthening the professionalism and professionalism of employees in order to improve the overall operational efficiency of the company, and it has nothing to do with personnel optimization. But the bear market does not say the bottom, appropriate staff reduction, ready for the winter.
Huobi DM goes live with EOS contracts this Friday
Huobi DM made an announcement on the 26th that it will go live with EOS contracts at 18:00 Singapore time on December 28th (this Friday).
OKEx Contracts Limit Bid Price, Bursting Positions Frequently
On the morning of December 26th, several contracts on OKEx had problems, limiting the bid price, and short positions could not be closed. At the same time, in the case of the price limit, there are multiple positions burst pull. In the end, many air force was burst. According to five-six Finance incomplete statistics, the quarterly contract of light ETH, the burst single has more than 30,000 ETH.
In addition, according to the user broke the news, EOS contract appeared the same problem.
Xu Mingxing: OKEX "pulling the wire" is nonsense
December 24, Xu Mingxing said in an interview with the interface, in the OKEx digital currency contracts, OKEx "pulling the wire" statement is pure nonsense. "The argument is pure nonsense. In addition, he himself is no longer OKEx shareholders, legal representatives and directors.
Policy:
Xiamen Municipal People's Government's "Opinions": to engage in blockchain and other areas of the enterprise to give subsidies for research and development costs, up to a maximum of 1 million yuan per year
Xiamen Municipal People's Government's Opinions on Accelerating the Advancement of the Development of the Software and Information Technology Service Industry Recently released, the "opinions" pointed out that enterprises are encouraged to increase investment in digital economy projects. The annual new R & D expenditure of more than 1 million yuan, engaged in big data, cloud computing, network security, digital creativity, blockchain and other segments, or engaged in the development of pure software products, in the current enterprise R & D cost subsidy policy based on the R & D cost of research and development expenses over the previous year, and then according to the new portion of the new part of the 10% reward, the maximum of 1 million yuan per year per enterprise.
Japan's Financial Services Agency renamed "virtual currency" as "crypto-assets" approach is opposed
Japan's Financial Services Agency renamed "virtual currency" as "crypto-assets. "
The Japanese Financial Services Agency's (JFSA) policy of renaming virtual currencies as "crypto-assets" has been opposed by domestic industry groups. Yasuzumi Okuyama, president of the Japan Cryptocurrency Business Association (JCBA), said the name change goes against the original intent. Yoichiro Hirano, a representative director of the Blockchain Promotion Council (BCC), said that the word "asset" is opposed to the use of the word "currency," which allows for the transfer of value without relying on the state or a bank. Masakazu Masushima, a lawyer who is familiar with virtual currencies, said that the term "virtual currencies" has a very strong appeal, and that the government seems to hate it, but in life it is not the government that decides what to call it, it is us, the general public. In addition, many companies have already registered under the term "virtual currency", and changing the name will inevitably lead to problems.
Chairman of the Financial Committee of Korea: ICO investigation will be released in January next year
Recently, in the plenary session of the Special Committee of the Fourth Industrial Revolution of Korea, in response to the government's ongoing investigation of the situation of the ICO, the chairman of the Financial Committee, Mr. Choi Jong-ku, said: "The actual investigation itself has been basically completed, but it still needs to be carried out," said Mr. Choi. has basically been completed, but it still needs to be analyzed and wrapped up, so it will probably be completed within January. We will have a comprehensive discussion and investigate the practices of other countries in order to make our position clearer within January next year."
Opinion:
Binance's Changpeng Zhao: Once the price stabilizes, everything will come back
In a recent interview, Binance CEO Changpeng Zhao commented that he sees the future of crypto as one of great prosperity and growth. He has faith in Bitcoin and its torrents cousin, and knows that once the price stabilizes, things will recover. And said, "2018 was a tough year for the community in terms of pricing, we saw a lot of projects that didn't materialize this year so it was a correction year but the technology is going to stay the same and we're hoping that 2019 is going to start to explode so I think the industry is still confident in the future. So don't worry about that."
Litecoin Founder Li Qiwei: Halving Bitcoin Rewards Won't Have a Huge Impact on Prices
In response to the belief in the community that halving Bitcoin and Litecoin rewards will have a huge impact on prices, Litecoin Founder Li Qiwei argued that halving the rewards does not have a direct correlation to prices. If the miners have faith in the tokens, the tokens mined after the halving of the rewards will still be sold, which might boost the price a little bit, but I don't think it's going to have a huge impact on the price.
Weiss Rating: no other evidence is enough to fully trust Tether until it completes a compliance audit
On Dec. 26, Weiss Rating tweeted that while Bloomberg claimed to have witnessed bank statements proving that Tether does indeed have the corresponding US dollar reserves to back up the USDT, this is not enough. We repeat: Tether has not completed a formal compliance audit, and without it, all of these claims are insufficient to be truly supported.