Summary: The total market value of global lottery and How to find it increased by 2.63% compared to last week. On March 30th, the National Internet Information Office publicly released the first batch of 197 blockchain information service names and filing numbers, including Baidu Blockchain Engine BBE, JD Blockchain BaaS platform, Ant Blockchain BaaS platform, Tencent Blockchain, and others.

　　According to the statistics of Dedeyu Think Tank, as of 12:00 on March 31, 2019, the global lottery and How to find it market has a total of 2136 types of currencies. The total market value is $143,752,222,945 (about $1.438 trillion), with the total market value of lottery and How to find it increasing by about $37 billion compared to last week, with a growth rate of about 2.63%.

　　This week’s Dedee Index

　　The ‘Dedee Index’ (DDCI) is a comprehensive data index of depth market trends of the Top50 exchanges and Top50 currencies in the world launched by Chain Dedee. Currently, it is divided into comprehensive index, BTC index, and ETH index, which reflect the global lottery and How to find it market trends within a certain period of time.

　　As of 12:00 on March 31, the Dedee Comprehensive Index is 531.80 and 516.33, with an increase of about 3.00% compared to last week.

　　The global mainstream lottery and How to find it market has been on the rise this week as a whole

　　According to the data statistics of Dedee Think Tank, as of noon on March 31, 2019, the overall market of mainstream lottery and How to find it has been on the rise this week.

　　Among them, the price of Bitcoin rose from $4022.46 to $4101.13, with a gain of 1.96%;

　　The price of ETH rose from $137.36 to $141.34, with a gain of 2.90%;

　　The price of EOS rose from $3.66 to $4.11, with a gain of 0.70%;

　　The price of BCH ABC rose from $164.61 to $167.76, with a gain of 1.91%;

　　The price of LTC fell from $60.76 to $60.46, with a decline of 0.49%.

　　The TOP10 lottery and How to find it market value gains and losses this week are as follows:

　　This week’s TOP30 lottery and How to find it market value

　　As of this Sunday (March 31) at 12:00, the total market value of lottery and How to find it worldwide is $143,752,222,945 (about 1438 billion US dollars). The total market value of lottery and How to find it increased by about 37 billion US dollars this week, with a growth rate of about 2.63% compared to last week.

　　Among the TOP30 lottery and How to find it, the total market value is $130,278,078,973 (about 1303 billion US dollars), accounting for about 90.63% of the total market value of lottery and How to find it, a decrease of 0.23% compared to last week.

　　The Bitcoin, with a market value of about 72.3 billion US dollars, ranks first this week, which is increased by about 14 billion US dollars compared to last week, with a growth rate of about 2.03%, and the total market value proportion is 50.27%, which is down 0.29% compared to last week.

　　Secondly, Ethereum, with a market value of about 14.8 billion US dollars this week, which is increased by about 4 billion US dollars compared to last week, with a growth rate of about 2.99%, and the total market value proportion is 10.37%, which is up 0.04% compared to last week.

　　The third-ranked is Ripple, with a market value of about 13 billion US dollars this week, which is reduced by about 0.8 billion US dollars compared to last week, with a decline of about 0.60%, and the total market value proportion is 8.96%, which is down 0.30% compared to last week.

　　Compared with the same time last week, Bitcoin Gold (ranked 30th) has replaced Crypto.com Chain into the TOP30 market value. There is no significant fluctuation in the ranking of other lottery and How to find it in the TOP30. The proportion distribution of lottery and How to find it is shown in the following figure:

　　The TOP30 lottery and How to find it this week are divided into fields such as public chain, basic currency, fork coin, anonymous coin, Internet of Things, platform coin, finance, stable coin, decentralized platform, and advertising marketing.

　　Among them, the field with the highest proportion is public chain, with a proportion of 26.67%, the second field is basic currency, with a proportion of 20.00%, and the third is fork coin, with a proportion of 13.33%. The proportion distribution of the TOP30 lottery and How to find it field classification is shown in the following figure:

　　The latest listed lottery and How to find it this week

　　According to the data statistics of Dedee Think Tank, as of March 31, 2019, the market data information statistics show that there were 12 new lottery and How to find it issued in the global market this week, with the number unchanged from last week.

　　The specific situation of the newly listed lottery and How to find it is as follows:

　　From the perspective of fields, the latest listed lottery and How to find it this week is relatively scattered. The listed lottery and How to find it this week mainly involves fields such as underlying technology, entertainment, payment, development platforms, social, energy, and so on, among which the field of underlying technology accounts for 25% and ranks first.

　　The specific field distribution is as follows:

　　This week’s Bitcoin mining pool share

　　According to statistics from the Dedee Think Tank, a total of 996 blocks were generated by Bitcoin this week. Among them, 7 were empty blocks, accounting for 0.70%. The average miner fee and block reward ratio rose to 2.40%. This week, the top 10 Bitcoin mining pools accounted for 89.67% of the total share, with the specific distribution of mining pool shares as follows:

　　Weekly News Review

　　Policy

　　1. The National Internet Information Office releases the first batch of 197 filing numbers for domestic blockchain information services

　　According to a report from the First Financial Daily, on March 30, the National Internet Information Office publicly released the first batch of 197 blockchain information service names and filing numbers, including Baidu Blockchain Engine BBE, JD Blockchain BaaS platform, Ant Blockchain BaaS platform, Tencent Blockchain, and others. Providers of blockchain information services shall indicate their filing numbers in a prominent position on their internet stations, applications, and other services provided to the public.

　　2. South Korean National Assembly proposes ‘Blockchain Revitalization and Promotion Bill’

　　According to etnews, the South Korean National Assembly proposed a bill for the promotion of the blockchain industry for the first time, which includes the establishment of a research foundation for blockchain technology, the cultivation of professional talents, and support for startups. Democratic Party MP and Chairman of the South Korean Ministry of Science and Technology Information and Communication, ‘Lee Sang-min’, initiated the ‘Blockchain Revitalization and Promotion Bill’.

　　He said: ‘Blockchain technology is a technology that can create high added value. It is a new driving force for economic growth in the era of the Fourth Industrial Revolution and has attracted much attention.’ He also explained the background of the bill: ‘With the intensification of competition in the field of technology and industry among major countries, there is a strong call for the formulation of basic laws in this area.’

　　3. High-ranking official of the ‘central bank of central banks’: No value has been found for issuing central bank lottery and How to find it by global central bankssports betting and The latest entrance

　　The General Manager of the Bank for International Settlements (BIS), Agustín Carstens, said in a speech on the 22nd that the results of the global central bank survey conducted by BIS last year and the current research findings all indicate that central banks do not believe that issuing central bank lottery and How to find it (CBDC) has any value.

　　Carstens introduces that more than 60 central banks participated in the aforementioned survey, representing countries accounting for 80% of the world’s population. The survey shows that 70% of central banks are researching some form of central bank digital currency (CBDC), but only about half of the central banks have entered the stage of actively testing the CBDC concept. In terms of the potential benefits, risks, and challenges of issuing CBDC, only a few central banks have entered the experimental stage, conducting proof-of-concept (PoC) or pilot projects. The proportion of central banks that are likely to issue CBDC within one to three years or one to six years, whether for retail or wholesale issuance, is negligible.

　　Carstens said that the investigation is consistent with his previous views, that is: ‘The launch of a central bank digital currency (CBDC) will have a significant impact on the financial system. There has been no significant and widespread decline in the demand for cash, and the central bank does not feel an urgent need to make substantial changes to its operational monetary policy. To date, research and experiments have not been able to provide persuasive examples. In short, global central banks have not found any value in exploring this unknown field.’

　　4. Finland approved the bill, granting legal status to cryptocurrencies and bringing service providers under regulation.
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　　Based in Helsinki, the international P2P encrypted currency trading platform LocalBitcoins announced on the 25th that the Finnish Parliament voted on the 13th of this month to pass the new law ‘Online Casino and How to Find It Service Provider Law’ and the amendment to the ‘Law on Monitoring and Preventing Money Laundering and Financing of Terrorism’, bringing service providers like LocalBitcoins under the supervision of the Finnish Financial Supervisory Authority.

　　LocalBitcoins states that the ‘Online Casino and How to Find It Service Provider Law’ will take effect from this November, providing legal status for encrypted assets and is expected to greatly enhance the status of Bitcoin as a viable and legal financial network.

　　The amendment to the ‘Law on Monitoring and Preventing Money Laundering and Financing of Terrorism’ will include related services provided by wallet suppliers and exchanges in the anti-money laundering legal supervision.

　　Jiangsu Province intends to use blockchain technology to improve the level of logistics information services.

　　According to People’s Net, the Jiangsu Provincial People’s Government issued the Implementation Plan for Adjusting the Pattern of Transportation in Jiangsu Province, which mentions that blockchain technology will be used to improve the level of logistics information services.

　　The plan points out that it is necessary to make full use of mobile Internet, Internet of Things, cloud computing, big data, and blockchain technologies to improve traditional methods of organizing cargo transportation and effectively integrate various transportation methods. Strengthening services such as cargo positioning and tracking status information queries will improve the intelligence and transparency of logistics services, thereby further enhancing the level of logistics information services.

　　According to the news from Phoenix News, the National Immigration Administration announced a new policy of

　　Zou Liang, vice president of Alipay, said that with the maturity and practical application of technologies such as facial recognition, mini-programs, and blockchain, more and more things for Chinese people are changing from ‘offline handling’ to ‘online handling’. More than 442 cities across the country have moved their affairs to Alipay.

　　7. The Korean Central Bank: This year, test the application of blockchain technology in securities settlement, and continue to study CBDC.

　　The Korean Central Bank released the 2018 annual payment and settlement report on the 26th. The report includes research on crypto assets and central bank lottery and How to find it (CBDC), stating that a securities settlement test using blockchain technology will be conducted this year.

　　The report introduces the testing of blockchain-based solutions, and experts believe that although crypto assets are not yet widely used by the public, their frequency of use for payment will be greatly increased if their stability and efficiency are further improved, and they can be widely applied.

　　The report points out that tracking transactions through a distributed ledger and limited anonymity are key advantages of CBDC. Experts believe that CBDC based on blockchain is safer in settlement and payment, but the use of lottery and How to find it will not significantly shorten the time required for transferring funds. Experts suggest that a careful study and examination should be conducted before issuing CBDC, as it may affect the overall global financial market.

　　In the report, experts reiterated that the position of the Korean Central Bank is not to issue its own CBDC, but to continue research on CBDC and aim to reduce the use of cash and closely monitor the trends of lottery and How to find it.

　　8. The first blockchain notarization lottery system in China was launched and applied in Suzhou.

　　According to the Jiangsu Government Legal Network, on March 25, the Xiangcheng Notary Office of Suzhou City conducted an on-site notarization, and the Tongji Blockchain Research Institute provided the Wutong Chain Evidence Platform support. The blockchain notarization lottery system was used for on-site notarization and live broadcast, which is the first of its kind in the country.

　　It is reported that this lottery system uses cryptographic random algorithms to randomly group and sort all candidate numbers, with each result displayed on a large screen in real-time and broadcasted across the network, providing a direct display of the lottery results. At the same time, each lottery result is updated in real-time on the blockchain, ensuring that the results cannot be tampered with by humans, improving the notarization, transparency, and traceability of the lottery for selling houses, and technically further guaranteeing fairness and justice.

　　9. The Federal Office for Migration and Refugees of Germany white paper: Blockchain can ‘support European unity at its fundamental level’.

　　According to Cointelegraph, the Federal Office for Migration and Refugees (BAFM) of Germany issued a white paper on March 26.

　　The white paper outlines how blockchain technology can create tamper-proof digital identities for stateless refugees, with these digital identities based on biometric data collected during the refugees’ first registration in the receiving country. A sound, blockchain-based identity verification solution may have a profound positive impact on the European Union.

　　The white paper points out that blockchain may be the ‘digital driver’ in Europe. It can fundamentally support the unification of Europe.

　　10. The Hong Kong Monetary Authority announced the list of the first batch of virtual bank licenses, with three institutions obtaining licenses

　　According to the Hong Kong Economic Journal, on the afternoon of March 27, the Hong Kong Monetary Authority (MAHK) held a press conference, where Vice President Koon Wai-hung announced the list of the first batch of virtual bank licenses. The three licensed institutions are: 1. Livi VB: a joint venture established by Bank of China (Hong Kong) (Holdings), JD.com Digital Technology, and Jardine Matheson Group; 2. SC Digital Solutions: a joint venture established by Standard Chartered (Hong Kong), PCCW, Hong Kong Telecom, and ChinaAMC; 3. ZhongAn Virtual Finance: a joint venture established by ZhongAn Online and Basics Group.

　　At the same time, Vice President of the Monetary Authority of Hong Kong (MAHK) Koon Wai-hung said that some of the 5 institutions under review are very close to obtaining a license, and the authorities will continue to review and decide when to issue the next license depending on the interaction process.

　　11. The CFTC Technology Advisory Committee discussed the regulation of cryptocurrencies and blockchain applications

　　The Technology Advisory Committee (TAC) of the U.S. financial derivatives top regulatory agency, the Commodity Futures Trading Commission (CFTC), held a meeting on the 27th, analyzing the regulation of cryptocurrencies and blockchain, aiming to analyze different reports related to the cryptocurrency field and distributed ledger technology (DLT).

　　At the meeting, CFTC member Brain Quintenz pointed out that some important regulatory issues must be discussed. He particularly pointed out that Ethereum plans to transition from Proof of Work (PoW) to Proof of Stake (PoS).

　　The DLT and Market Infrastructure Committee of TAC demonstrated the challenges of expanding the application scope of DLT and some possible use cases, explored whether there are any CFTC regulations that may prevent the application of DLT, or if the CFTC provides more guidance in some areas, it may support their further development. The committee also discussed how financial transactions are digitized and how the transaction procedures of enterprises are automated.

　　12. The Swiss Federal President: The regulation of blockchain enterprises should be ‘fast and clear’

　　According to Cointelegraph, Swiss Federal President Ueli Maurer emphasized in his speech that the regulation of the blockchain industry should be fast and clear.

　　When it comes to blockchain and other distributed ledger technologies, Maurer suggested that Swiss authorities ‘constantly seek to maintain a two-step approach’.

　　13. The Hong Kong Securities and Futures Commission issued a statement on the issuance of security tokens

　　The Hong Kong Securities and Futures Commission (SFC) website issued a statement on the issuance of security tokens, aiming to remind companies or individuals engaged in the issuance of security tokens (STO) about the applicable laws and regulatory provisions.

　　The Securities and Futures Commission (SFC) also hopes to remind investors once again to be aware of the risks associated with virtual assets (including tokens related to STO, i.e., security tokens).

　　According to a previous report by ChainDD, on the afternoon of March 27, the Hong Kong Monetary Authority held a press conference, where Vice President of the HKMA, Koon Chong-hang, announced the list of the first batch of virtual bank licenses, with three licensed institutions: 1. Livi VB: a joint venture established by Bank of China (Hong Kong) (Holdings), JD.com Digital Technology, and Jardine Matheson Group; 2. SC Digital Solutions: a joint venture established by Standard Chartered (Hong Kong), PCCW, Hong Kong Telecom, and Wing Hang Finance; 3. ZhongAn Virtual Finance: a joint venture established by ZhongAn Online and Panshi Group.

　　The Financial Services Agency: Over 140 cryptocurrency companies are interested in entering the Japanese market

　　According to news.Bitcoin, the Financial Services Agency (FSA) of Japan revealed statistics on the registration of cryptocurrency companies, among the 23 new applications received by the regulatory agency, two have been approved (DeCurret, Livi VB).

　　In addition, more than 140 companies are interested in entering the Japanese market. The regulatory agency also said, ‘Among the 23 corporate entities that have actually received the investigation questionnaire from the FSA, as of March this year, 7 entities are in the main evaluation process.’ Among these 7 companies, only Livi VB and Decurret have obtained approval.

　　The FSA said, ‘We spent about 6 months completing the necessary procedures from the main valuation process to registration as a cryptocurrency broker.’ With the addition of the latest two exchanges, Japan has now approved 19 cryptocurrency exchanges.

　　The Korean government is advancing the development of a lottery and How to find it address search platform for appropriate regulation.

　　According to Etnews, in order to combat money laundering, fraud and other criminal activities related to cryptocurrency, the Korean Supreme Prosecutor’s Office recently issued a document requesting assistance from the Korean Blockchain Association and cryptocurrency exchanges to develop a cryptocurrency address query system. The government plans to assign fixed addresses to all circulating lottery and How to find it, and can monitor money laundering and illegal activities related to lottery and How to find it at any time if necessary.

　　The Hong Kong SFC reminds of the investment risks of STO and cautions that the issuance and distribution of STO must comply with securities law regulation.

　　The Hong Kong Securities and Futures Commission (SFC) website released a statement on the issuance of security tokens on the 28th, aiming to remind companies or individuals engaged in the issuance of security tokens (STO) about the applicable laws and regulatory provisions, and to once again remind investors to be aware of the risks associated with virtual assets (including tokens related to STO, i.e., security tokens).

　　The Securities and Exchange Commission stated that security tokens may be securities and are therefore subject to Hong Kong securities regulations. Anyone who wishes to promote and distribute security tokens that belong to securities, whether in Hong Kong or with Hong Kong as the investment target, must obtain a license or registration, unless exempted. Otherwise, engaging in activities without a license is a criminal offense.

　　The Securities and Exchange Commission pointed out that if the promotion and distribution of security tokens belong to securities, intermediaries must comply with laws and regulatory provisions, and can only be sold to professional investors. Due diligence should be conducted, and the relevant STO information should be provided to customers in a clear and understandable manner. Intermediaries must discuss their plans with the Securities and Exchange Commission before engaging in any activities related to STOs, and must implement sufficient systems and monitoring measures to ensure compliance with relevant regulations before distributing STOs, otherwise their licensed status may be affected, and enforcement actions may be taken by the Securities and Exchange Commission.

　　17. South Korean Democratic Party MP submits amendment, proposing to punish unlicensed cryptocurrency exchanges

　　According to a report from South Korea’s ‘Daily Economic News’, South Korean Democratic Party MP Kim Byungwook submitted an amendment to the ‘Act on Reporting and Utilization of Specific Financial Transaction Information’ today, proposing to increase the penalty amount for illegal operation of cryptocurrency exchanges that have not passed financial regulatory institutions’ reporting to 50 million KRW (the original maximum fine was 30 million KRW), and to establish a five-year prison term.

　　According to the amendment, unlicensed cryptocurrency exchanges must report their company name and representative name to the Financial Intelligence Unit (FIU). The amendment also allows commercial banks to forcibly recover so-called ‘hive accounts’ (i.e., virtual accounts disguised as corporate operations or managed by corporations) when they discover them.

　　It is reported that the amendment is based on the Financial Action Task Force’s anti-money laundering regulations, and the South Korean parliament will begin to review it next month.

　　18. The U.S. Securities and Exchange Commission (SEC) once again delays the approval of the most likely to be approved Bitcoin ETF, extending it to May 16th

　　The U.S. Securities and Exchange Commission (SEC) announced on the 29th that the decision to approve or reject the VanEck and SolidX Bitcoin ETFs, or to initiate a hearing to determine whether not to approve the ETF listing related to the U.S.’s largest options exchange Cboe’s rule modifications, will be made before May 16th this year.

　　This decision means that the SEC has extended the approval deadline by 45 days, with the latest adjusted deadline being April 1st. The SEC stated that the delay decision allows sufficient time to consider the proposed Cboe rule modifications.

　　As mentioned in the ChainDD App Flash News, the ETFs applied for by SolidX and Van Eck in June last year, which were considered the most likely to be approved by the market, were originally subject to a SEC approval deadline of February 27th this year. In the month leading up to March 12th, the SEC received seven consultations regarding this ETF, six of which strongly urged the SEC not to approve it.

　　The Supreme Court of India once again delays the establishment of cryptocurrency regulatory related hearings

　　According to local media Crypto Kanoon, at the request of the government legal advisor, the Supreme Court of India postponed the hearing on cryptocurrency regulation. The final debate will be held in the second week of July. The specific hearing date has not been announced.

　　ChainDD App editor noticed that this is the Supreme Court’s second postponement of the hearing. At the previous hearing on May 25 last month, the Supreme Court gave the Indian government four weeks to develop a regulatory framework for cryptocurrencies, so the hearing was scheduled for May 25 this month. After determining the regulatory regulations, the hearing would be held to consider the request to invalidate the Indian central bank’s ban on cryptocurrencies in the banking sector. However, the hearing on the regulatory side was later postponed to May 29.

　　The regulatory regulations for cryptocurrencies in India are being drafted by a cross-departmental committee led by Subhash Chandra Garg, the Secretary of Economic Affairs of the Ministry of Finance. At last month’s hearing, the Indian government told the Supreme Court that the committee has reached the final review stage.

　　20. Wyoming passes a bill to promote the development of blockchain technology and create job opportunities

　　According to Bitcoin Exchange Guide, after Wyoming passed several bills to determine the legal framework for blockchain and cryptocurrency, it also passed a bill to promote the development of blockchain technology in the region, creating job opportunities. The bill has been signed into law and has taken effect this month.

　　21. Deputy Minister of the Argentine Treasury: Argentina will use blockchain technology and other technologies to empower blockchain enterprises

　　According to the Economic Reference News, on March 27, Deputy Minister of the Argentine Treasury Soto Martin said during his visit to China that the introduction of lottery and How to find it may help stabilize the exchange rate of the Argentine peso against the US dollar.

　　Argentina is preparing to launch blockchain technology, support lottery and How to find it, and empower blockchain enterprises to promote industrial production and financing. ‘In the fields of food, minerals, oil and gas, Argentina expects to use innovative technologies in the financial and digital fields to activate the potential financing potential of society.’

　　Industry

　　1. Director of the China Market Research Institute: Insurance has become one of the most ideal application scenarios for blockchain

　　The international financial press published an article by Zhang Rui, director of the China Market Research Institute and economics professor, titled ‘Insurance Also Becomes the Most Ideal Application Scenario for Blockchain’. The article points out that insurance has become one of the most ideal application scenarios for blockchain: first, blockchain technology can significantly reduce the operation costs of the insurance industry; second, blockchain technology can significantly improve the compensation efficiency of insurance companies and enhance customer satisfaction; third, blockchain can strengthen the breadth and depth of product development by insurance companies; fourth, blockchain can enhance the self-resilience of insurance products and improve the efficiency of capital allocation; fifth, blockchain helps the insurance industry identify and prevent moral risks from customers; sixth, blockchain can break through the ‘last mile’ of data sharing between insurance institutions and other related organizations, and create a beneficial redemptive dividend for public information resource services.

　　2, Tether’s legal advisor refuses to explain the asset backing type of USDT reserves

　　According to cointelegraph, the Tether website recently deleted the clause stating that the token is fully backed by US dollars, and Tether’s General Counsel Stuart Hoegner stated that Tether’s reserves include cash, cash equivalents, and other assets, while also ensuring that these reserves are equal to or greater than the amount of USDT in circulation. Hoegner refused to specify the types of assets that will be used as reserves, but stated that the decision to change the reserve policy is a result of the changes in the stablecoin situation.

　　3, Citibank recently recruited positions in the blockchain and cryptocurrency fields

　　LinkedIn information shows that Citibank recently released a recruitment demand for the position of ‘MI & Blockchain | DLT Product Manager – VP’, with job content requiring work in blockchain, distributed technology, digital assets, and other areas.

　　Currently, the application for this position has been closed, with a total of 45 applications. Previous news indicated that Citibank has abandoned a plan to launch a cryptocurrency similar to JPM Coin, but the bank also stated that it will continue to explore blockchain, especially in the fields of trade financing.

　　4, China launches a national cross-border business blockchain platform pilot, Industrial Bank is among the first batch of pilot banks

　　According to Phoenix Finance, the pilot work of the national cross-border business blockchain service platform was officially launched on the 22nd. As the first batch of pilot banks for the platform, Industrial Bank successfully landed the export receivables financing business through the blockchain platform on the same day.

　　The pilot work of the cross-border business blockchain platform is initiated by the State Administration of Foreign Exchange of China, with local foreign exchange management branches and banks participating together. It is a financial innovation that applies blockchain technology to explore solutions to the difficulties and high costs of cross-border financing for small and medium-sized enterprises.

　　5, Bitmain issues an internal letter: Wang Haichao appointed as CEO, future listing work will be restarted

　　Bitmain releases an internal letter, announcing the adjustment of the organizational structure, with Wang Haichao taking on the role of CEO, and announcing that the company will focus on lottery and How to find it, artificial intelligence chips, and products and services based on them.

　　At the same time, Bitmain states that the company has sufficient cash and the supply chain operates normally. With the launch of new products, sales performance has begun to rise month by month. Bitmain also states that this round of IPO application will expire in the near future, and the company will restart the listing work at an appropriate time.

　　6, Facebook expands recruitment of blockchain talents, the existing team size may increase by 40%

　　According to The Next Web, Facebook’s blockchain business team, operating secretly at the headquarters in Menlo Park, has a total of 50 people, and is currently recruiting heavily.

　　The report mentioned that Facebook’s official page on the professional social media platform LinkedIn currently has 22 blockchain-related job vacancies. The Linkdtech App editor found that only two positions are located in Tel Aviv, Israel, while the rest are dedicated or partially located in Facebook’s headquarters, including positions such as product manager, business operations manager, and brand promotion manager.

　　This means that if the above recruitment is completed, the number of blockchain team members in Facebook’s headquarters will increase by 40%. The Linkdtech editor also noticed that last December, Facebook only had five positions to recruit for the blockchain team, including data engineers, software engineers, and data scientists.

　　Last week, the Linkdtech App Flash mentioned that Facebook has released new job openings, stating that it hopes to find a chief legal advisor to support the development of new blockchain applications. Part of the responsibility is to draft and negotiate various contracts for Facebook’s blockchain solutions, including the launch of new products and the global promotion of products.

　　7. Media: Luxury giant LVMH will launch a blockchain authentication platform covering more than 60 luxury brands.
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　　CoinDesk learned that the French luxury giant LVMH Group is expected to launch a blockchain platform called AURA this May or June, which will be used to verify the authenticity of high-end goods. It will initially target LV and Dior perfumes, then expand to more than 60 luxury brands under LVMH, and eventually cover the brands of competitors.

　　CoinDesk cited insider messages that AURA will first provide authenticity proof for luxury goods, traceable from raw materials to the sales point, even to the second-hand market. Then it will research intellectual property protection, providing exclusive events and anti-advertising fraud services for brand clients.

　　Insiders also claim that LVMH’s blockchain team has been in existence for a year, during which it has closely collaborated with Ethereum blockchain technology company ConsenSys and Microsoft Cloud Azure. AURA is built on the authorized license of the Ethereum blockchain Quorum, which focuses on data privacy and is developed by JPMorgan Chase.

　　8. A 130-year-old British beverage giant releases the world’s first whisky that can be tracked using blockchain.

　　According to The Drinks Business, a leading industry information website, William Grant & Sons (WG&S), a British beverage giant founded in 1887, has launched the world’s first whisky registered on the blockchain, aimed at addressing the counterfeit whisky issue in the UK market. The UK loses £220 million annually due to counterfeit alcohol.

　　Ailsa Bay, a premium whisky brand under the WG&S (William Grant & Sons) portfolio, has collaborated with a blockchain technology company to launch a series of whiskies that allow customers to understand the entire brewing and production process. Customers can trace the journey from the source to the store, ensuring authenticity and traceability.

　　Ailsa Bay can also use blockchain technology to collect data from existing and potential customers, and associate the sale of whiskey with mobile positioning services.

　　9. CITIC Bank annual report: the cumulative transaction volume of the blockchain trade finance platform has exceeded 100 billion yuan

　　CITIC Bank released its 2018 annual report on the 26th. In the report, Li Qingping, chairwoman of CITIC Bank, said that in 2018, CITIC Bank launched the first domestic blockchain福费廷 trading system, with the volume of business on the chain exceeding 10 billion yuan. CITIC Bank released the first pilot innovation project of ‘blockchain + supply chain’, using blockchain technology to build a new open cooperation supply chain ecosystem, opening a new mode of supply chain finance development for the bank.

　　The report also stated that in terms of blockchain applications, CITIC Bank has established the largest blockchain cooperation ecosystem among domestic banks, and the cumulative transaction volume of the blockchain trade finance platform has exceeded 100 billion yuan.

　　10. Alibaba Health and Alipay join hands with Wuhan Central Hospital to create the ‘Future Hospital’, which will cover technologies such as blockchain

　　According to Techweb, Alibaba Health and Alipay, in collaboration with Wuhan Central Hospital, have jointly launched the ‘Future Hospital’ today, which is based on the core technology of Alibaba Health. Li Guoliang, vice president of Wuhan Central Hospital, said that the Future Hospital covers five core contents, namely medical assistant, blockchain technology, whole-face medical treatment throughout the process, video consultation, and online prescription full-process application.

　　11. Data shows that less than 1,000 addresses hold Cosmos tokens

　　According to LongHash, based on the data provided by Messari, the distribution of ATOM in the genesis block of the cross-chain project Cosmos is as follows: the team (AIb) holds 10%, InterChain Foundation (ICF) holds 10%, seed round donors hold 5%, and other early fundraising donors hold 75%. A total of 236,198,958.12 Atoms were distributed to 984 addresses in the genesis block.

　　If calculated based on the over-the-counter price on March 25 (about $4.57), the market value of ATOM is approximately $10.79 billion, surpassing the 13th ranked Monero on CoinMarketCap (about $9.04 billion).

　　LongHash points out that ATOM is still concentrated in the hands of a relatively small number of investors, and it is not yet clear whether this monopoly will ultimately be beneficial to the governance of cross-chain platforms.

　　12. Media reports that Canaan Creative is considering listing on the Science and Technology Innovation Board.

　　CoinDesk cited information from sources, saying that Canaan Creative, the world’s second-largest Bitcoin mining machine manufacturer, is discussing with major shareholders about listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange. Although the plan has not been finalized yet, it should be released before the end of this year.

　　Insiders say that Canaan Creative has been considering re-submitting its IPO application in China and the United States, even contacting the New York Stock Exchange and NASDAQ. ChainDD editors noticed that a Bloomberg report in January this year already mentioned that after the listing in Hong Kong was shelved, Canaan Creative considered going for an IPO in the United States.

　　The ChainDD App Flash News previously mentioned that the Securities Times reported on the 11th of this month that Canaan Creative has just completed a round of financing with an amount of several billion US dollars. After this round of financing, the valuation has reached tens of billions of US dollars. However, CoinDesk learned that this round of financing did not attract any new investors, all of whom were from existing shareholders. It believes that the lack of new financing participants may be a sign of the difficulty in financing in the cryptocurrency mining industry.

　　13, Institutions: Stellar once lost 2.25 billion XLM due to an inflation bug

　　On the 27th, the cryptocurrency research institution Messari announced that it had discovered that Stellar’s blockchain protocol had a inflation bug in April 2017, and an attacker exploited this bug to create 2.25 billion Stellar cryptocurrency XLM, which was valued at about $10 million at the time.

　　Messari said that the恶性 inflation affected XLM almost accounted for a quarter of the then circulating supply, but the official disclosure of the Stellar Development Foundation (SDF) on this issue was not as serious. The maliciously created XLM had been transferred to some exchanges and may have been sold during the period of market price appreciation in the first half of 2017. The SDF subsequently destroyed 2.25 billion XLM it stored to offset the impact of the malicious inflation.

　　Messari also said that no media had previously reported this vulnerability and Stellar’s destruction decision. Before Messari announced this discovery, Stellar’s representative issued a statement saying that the above vulnerability was mentioned twice in the notes of the agreement and was also very clear that it had been exploited.

　　The statement said that Stellar subsequently took the action of destroying XLM to maintain the authenticity of the supply, so that the holders’ holdings would not be diluted, and the total supply of Stellar still maintained accuracy. Stellar admitted that the standards for disclosure should better reflect reality and stated that no such major loopholes have appeared since then. Once the patch for the vulnerability is applied, it will be disclosed in detail.

　　14, The digital currency fund of TechCrunch founder has obtained over $100 million in financing, exceeding the original plan.

　　Michael Arrington, the founder of the well-known American technology media TechCrunch, told CoinDesk that the encrypted currency fund under his management, Arrington XRP Capital, recently received a $30 million investment from a limited partner. The fund has now exceeded its initial financing target of $100 million.

　　After obtaining new financing, Arrington XRP Capital acquired Australia’s fund ByteSize Capital, and the founders of the latter, the Ninos brothers, joined Arrington XRP Capital as partners. Arrington believes that the acquisition of ByteSize will enable it to implement a ‘barbell strategy’ facing an uncertain market. Although Arrington’s performance in both bear and bull markets will improve, he emphasizes that venture capital remains the main focus.

　　Tencent Blockchain General Manager Cai Yige: The blockchain invoice has issued 1.5 million invoices.

　　Today, Tencent Blockchain General Manager Cai Yige said that since the blockchain invoice was launched at the end of last year, a total of 1.5 million invoices have been issued, with a total amount of 1.5 billion yuan, more than 1,500 registered enterprises, and Walmart’s Shenzhen stores have been fully connected.

　　He also pointed out that the next 3 to 5 years will be the process of deflating the bubble of blockchain, and there are many misunderstandings about blockchain at present: 1. Blockchain should be a versatile player; 2. Dogmatism is the essence of blockchain; 3. Short-term pragmatism; 4. Technological supremacism, ignoring the essence of commerce. Subsequently, he put forward three viewpoints: 1. Whether it is a black cat or a white cat, a good cat is one that can catch the mouse; 2. Practice is the only standard for testing truth; 3. Blockchain is just a technology, and whether the application is successful or not still needs to return to the essence of commerce.

　　Survey: Blockchain engineers are ranked fourth on the average salary list 10 years after graduation.

　　According to the news from jp.cointelegraph, Dowa Securities, a wholly-owned subsidiary of Dowa NEXT, announced a survey. The results show that blockchain engineers are ranked fourth on the average salary list 10 years after graduation. The survey was conducted over two days, March 11 and March 12, and the survey subjects were internet users aged 20 to 69, with the question being: ‘What do you think will be the highest-paying profession 10 years from now (in 2029)?’

　　India launches a pilot using blockchain to promote the integration of coffee production and e-commerce.

　　On the 28th, the Ministry of Commerce of India announced that the Coffee Committee, an industry organization supported by the Ministry of Commerce for the coffee production industry, has launched a pilot, introducing a blockchain-based e-commerce platform aimed at connecting coffee producers with the market to reduce intermediaries between producers and buyers.

　　The aforementioned pilot platform will be launched in the form of an application, which will improve the transparency and traceability of the entire coffee production process in India. Local media Business Line said that the application is currently in the pilot stage for the next four to six months, available only to a limited number of producers. If the pilot is successful, it will be expanded to 350,000 related planters nationwide.

　　Public transportation giant JR East Japan will accept cryptocurrency for purchasing tickets.

　　According to ANN news from Asahi Net, Japan’s cloud service provider Internet Initiative Japan (IIJ) has signed an agreement with East Japan Railway Company (JR East Japan) to jointly launch a new project aimed at allowing passengers to purchase tickets using cryptocurrencies such as Bitcoin and stablecoins at multiple stations and retail stores.

　　In news reports, a spokesperson for IIJ said that if everything goes according to plan, JR East Japan may start accepting cryptocurrency payments as early as June this year. The report states that JR East Japan is likely to implement such payments through its smart card ‘Suica’ and its smartphone application under its subsidiary. Currently, there are 75 million Suica cards in circulation in Japan, which are not limited to travel services but can also be used in many convenience stores.

　　ChainDD App editor noticed that JR East Japan is one of Japan’s largest public transportation operators. A recent study published by Japanese media shows that currently, six of the ten most crowded stations in Japan are operated by the company.

　　19, Samsung’s flagship phone Galaxy S10’s cryptocurrency wallet is only available in the US, Canada, and South Korea

　　Samsung’s new flagship smartphone Galaxy S10 is currently on sale in 70 countries, but Samsung Australia’s official Twitter recently revealed that the cryptocurrency wallet supported by the phone is currently only applicable to three countries.

　　According to the ChainDD App editor’s review, on the 28th, a netizen asked whether the wallet function is not supported in Australia. The Samsung Australia account replied: Currently, it is only available in the United States, Canada, and South Korea, and any new news will be notified to you.

　　ChainDD App Flash News introduced that the ‘Samsung Blockchain Wallet’ supported by Galaxy S10 is currently only applicable to Ethereum (ETH) and tokens based on the Ethereum ERC20 standard, and also supports DApps of CryptoKitties, game platform Enjin, beauty review platform Cosmee, and payment service CoinDuck. It can only be downloaded from the Samsung Galaxy electronic store. Samsung said it plans to expand this service to more devices in the future and broaden the range of accepted cryptocurrencies.

　　20, Data: JPMorgan Chase’s blockchain recruitment leads Wall Street for a year, the big three accounting firms rank among the top five

　　According to recruitment website Indeed.com data obtained by CCN, last February to this February, in the job postings related to the US blockchain industry on the website, JPMorgan Chase’s recruitment number ranked ninth, making it the most recruiting Wall Street institution of this kind, more than that of the well-known Ethereum blockchain technology company ConsenSys.

　　Indeed data shows that among the world’s four major accounting firms, three are in the top five in terms of recruitment numbers, with Deloitte in first place, KPMG and EY in third and fourth, respectively, IBM and Accenture taking second and fifth, and the sixth to eighth places are Cisco, Microsoft, and the business process service company Conduent spun off by Xerox, with ConsenSys ranked tenth.

　　Indeed data also shows that since 2016, the number of blockchain-related positions in job postings per million has grown by more than 4000%, and the search volume for blockchain-related positions has increased by more than 500%. CCN reports that many blockchain positions are long-term open due to a shortage of talent with real blockchain development experience.

　　21, Japanese media: Japan’s largest railway and subway operator may establish a cryptocurrency company and accept payment in encrypted assets

　　According to ANN News, a mainstream Japanese commercial television news network, the Japan Railway Group (Japan Railways Group) is considering incorporating cryptocurrencies such as Bitcoin as a payment method, planning to establish a cryptocurrency company to incorporate cryptocurrency business, and may cooperate with a large bank to establish an exchange.

　　Lianlide App editors noticed that the Japan Railway Group is Japan’s largest railway and subway operator, with millions of Japanese people using the services of Japan Railway and subway operators every day.

　　Lianlide App’s latest news mentioned that East Japan Railway Company (JR East) recently launched a new project aimed at allowing passengers to purchase tickets at multiple stations and stores using cryptocurrencies such as Bitcoin and stablecoins. If everything goes according to plan, it may start accepting cryptocurrency payments as early as this June.

　　Blockchain key laboratory lands in State Grid

　　According to China Power News Network, on March 28th, the National Ministry of Industry and Information Technology blockchain key laboratory power application experimental base was unveiled at the State Grid e-commerce company (State Grid Financial Technology Group).

　　The establishment of the experimental base marks the State Grid Corporation’s leading position in the field of可信 blockchain technology, and will better play the foundational and leading role of blockchain in the construction of the ubiquitous power Internet of Things.

　　Beijing Internet Court’s ‘Tianping Chain’ data volume may reach tens of millions

　　According to People’s Net news, Beijing Internet Court disclosed that as of March 22, 2019, the online collection data of ‘Tianping Chain’ had reached over 3.3 million. In addition, due to the adoption of cross-chain evidence mode, the actual corresponding evidence documents may reach tens of millions.

　　According to People’s Net news, Beijing Internet Court disclosed that as of March 22, 2019, the online collection data of ‘Tianping Chain’ had reached over 3.3 million. In addition, due to the adoption of cross-chain evidence mode, the actual corresponding evidence documents may reach tens of millions.

　　Xihu District rural and agricultural bureau, Longwu Tea Town, and Alibaba sign a blockchain technology agreement to promote the development of the Xihu Longjing tea industry

　　On March 30th, the rural and agricultural bureau of Xihu District, Longwu Tea Town, and the Alibaba Group signed a strategic cooperation memorandum for the Xihu Longjing tea blockchain traceability, aiming to promote the development of the Xihu Longjing tea industry through e-commerce platform blockchain technology. In the future, blockchain technology will achieve full transparency in the production, packaging, and traceability process of Longjing tea, ensuring the quality of tea produced from the ecological tea gardens of Longwu Tea Town in every link, and at the same time, change the traditional tea market model with the perfect integration of tea, the Internet, and technology.

　　Analysis: The combination of 5G and blockchain technology may release tremendous economic value

　　According to cointelegraph news, some analysts point out that the combination of 5G and blockchain technology may release tremendous economic value. 5G, with its low latency, high speed, and large coverage capacity, enables the widespread use of Internet of Things devices. At the same time, these devices can use the security, decentralization, immutability, and consensus-based arbitration of blockchain as a foundational layer. As a foundational layer, blockchain can provide consensus and security.

　　Exchanges

　　1sports betting platform and The latest strategy. The TAOTAO exchange under Yahoo Japan is expected to launch cryptocurrency trading services in May this year

　　According to Cointelegraph, TaoTao Corporation, a subsidiary of Z Corporation under Yahoo Japan, is expected to launch cryptocurrency trading services in mid-May this year.

　　It is reported that last April, Yahoo Japan announced that it had acquired 40% of bitARG shares through its wholly-owned subsidiary Z Corporation, thereby becoming a major financial service provider and joining the lottery and How to find it industry.

　　2. Cryptopia cryptocurrency exchange: Funds deposited within 24 hours after the announcement of the hacking incident will not be recoverable

　　According to AMBCrypto, the New Zealand cryptocurrency exchange Cryptopia recently issued a statement detailing the deposit situation after the hacker attack on January 14.

　　The statement said that all customers were notified at 12:00 New Zealand time on January 15, therefore, the deposits made within 24 hours after the announcement cannot be recovered.

　　3. OKEx announced the development of its own blockchain, which will launch a decentralized exchange on the chain

　　OKEx announced on the 22nd that its operation team is secretly developing its own blockchain OKChain, which has now entered the final development stage. It is expected to launch the test chain in June this year, and will also launch the first decentralized exchange (DEX) under OKEx on OKChain, and hold the super node election of this blockchain.

　　OKEx introduces that before April this year, its token OKB will be transferred to a blockchain with the Ethereum ERC-20 standard, and after OKChain is stable, it will be transferred to the main network of OKChain. OKB will be the native token of the OKChain network, which can be used for transaction fees or decentralized applications on the OKChain, and will be the only accepted token by the functional token launch platform OK Jumpstart.

　　OKB’s total supply is 1 billion, of which 300 million are currently in circulation, and the remaining 700 million locked OKB, 300 million will be used to reward loyal users, and 400 million belong to the OK Blockchain Foundation and operation team.

　　4. The CEO of the world’s largest futures exchange, CME, says the limited supply of Bitcoin constitutes a regulatory challenge

　　Global’s largest futures exchange, the Chicago Mercantile Exchange (CME), CEO Terry Duffy said in an interview with Business Insider that the limited supply of most cryptocurrencies such as Bitcoin is a barrier to their further adoption by government agencies, and running Bitcoin without a deficit is a challenge faced by regulators.

　　Duffy explained that unless they can operate in a deficit, the government cannot operate. He also said that regulators are now somewhat concerned about cryptocurrencies because they are relatively new financial tools. ‘I think it is difficult for them (regulators) to feel at ease in the face of such new things.’

　　In addition, Duffy predicts that stablecoins linked to the US dollar or the euro will receive more support because they have certain characteristics of traditional currencies.

　　5. DragonEx exchange has lost a total of 6.02 million US dollars in digital assets, and nearly a million has flowed into the exchange

　　According to the preliminary statistics of PeckShield’s digital asset escort system, DragonEx exchange has lost digital assets valued at 6,028,283 US dollars, and there have already been digital assets valued at 929,162 US dollars flowing into the exchange, and there are still digital assets valued at 5,099,121 US dollars in the hands of hackers.

　　On-chain transfer records of mainstream currencies:

　　1. BTC, the attacker stole 135 BTC, with a value of 529,740 US dollars, and there is no monitoring of funds flowing into the exchange;

　　2. ETH, the attacker stole 2,738 ETH and transferred them to multiple addresses belonging to 0x546c, 0x58ac, and others, with a value of 365,742 US dollars, of which 1,580 ETH flowed into the Binance exchange and 50 ETH flowed into the ZB exchange;

　　3. EOS, the attacker stole 426,310 EOS (including 220,732 EOS currently being redeemed), with a value of 1,543,242 US dollars, and there is no monitoring of funds flowing into the exchange;

　　4. TRX, the attacker stole 1,453,956 TRX and transferred them to multiple addresses starting with TX89Z, TRAXD, TPaqg, and others into addresses starting with TR8T4, with a value of 32,696 US dollars, and it is preliminarily judged to be Binance exchange;

　　5. USDT, the attacker stole 1,464,319 USDT and dispersed the funds to multiple addresses starting with 1P4c, 1JBo, and others; currently, 330,031 USDT flowed into the CoinBene exchange, 245,429 USDT flowed into the KuCoin exchange, and 135,282 USDT flowed into the BitForex exchange;

　　In addition, initial analysis by PeckShield’s security personnel found that hackers are likely to have carried out batch transfers of digital assets by stealing the private keys of the exchange wallet or obtaining illegal access to the API server.

　　6. The Japanese Monex Group has changed its management, and three executive directors of Coincheck will simultaneously hold group positions.

　　According to financemagnates news, on March 27, Japan’s financial group Monex Group, Inc. issued a statement saying that the company has undergone a series of changes in its group companies to optimize the management structure and strengthen cooperation between subsidiaries. All changes will take effect from April 1, 2019.

　　据悉，Coincheck的三名执行董事将同时担任该集团的执行董事。

　　7、媒体：全球最大金属衍生品交易所LME支持用区块链追踪金属

　　英国金融时报报道援引知情者消息称，全球最大的金属期货与期权交易所伦敦金属交易所（LME）支持一批交易商和银行，打造一个基于区块链的系统，用于追踪现货金属的交易。

　　消息人士称，LME支持的团体以瑞士交易商Mercuria为首，其中包括澳大利亚银行巨头麦格理和荷兰金融巨头ING。上述区块链将让工业领域的金属消费者更好地追踪金属产品的来源，让交易者对库存金属的所有权更有把握。

　　LME的CEO Matt Chamberlain没有对是否参与上述区块链开发置评，而是表示，在一个基于区块链的系统，“你能知道你的金属在哪里，有金属的证明，但没有人能知道你的金属是什么以及在哪里。”如果整个行业团结起来实现这个美好的愿景，将是金属交易领域的一大胜利。

　　8、德国第二大证交所联手数字出版巨头，将成立数币交易平台

　　德国第二大、欧洲第九大证券交易所斯图加特证券交易所27日宣布，与欧洲最大数字出版商Axel Springer及投资网站finanzen.net合作，共同成立一家区块链支持的数字资产交易平台，试图为投资者提供数字资产的便利投资渠道，制定这个新兴领域的标准。

　　新平台正在等待主管部门和反垄断部门的批准，计划今夏在德国率先上线，面向机构投资者和散户。斯图加特证交所是新平台的大股东，将持股70%。其董事会主席Alexander Höptner称，它可以为投资者提供全方位一体化的数字资产服务，既有深入的信息，又有交易和托管。

　　该证交所的发言人向Ledger Insights表示，新平台将先进行加密货币交易，而后计划提供范围更广的数字资产交易。

　　链得得App快讯曾提及，今年1月末，斯特加特证交所旗下交易加密货币的应用BISON登陆德国，它是首个德国企业提供的加密货币交易应用，用户首批可交易BTC、ETH、LTC和XRP，无需交易费，提供内置钱包和人工智能分析工具。

　　9、火币美国合作平台计划推出面向机构OTC交易，可能寻求发稳定币

　　火币的美国战略合作伙伴HBUS成立机构部门，由曾在资产管理巨头贝莱德任职的资深华尔街人士Katelyn Mew和来自金融科技供应商Tora Trading Service的 Oren Blonstein 领导。

　　Blonstein told CoinDesk that the new department is an organization for institutional sales and customer service, which will focus part of its resources on the expected significant growth in the institutional market and will

　　CoinDesk said that the press release from HBUS shows that it even seeks to launch a stablecoin, but no details were disclosed. Mew, the vice president of sales and marketing at HBUS, said that the company will provide a complex trading system and a credible market platform. As more and more institutions include digital assets in their investment portfolios, they need credible, secure, and compliant partners, such as the exchange Huobi.com of HBUS.

　　10. Li Lin of Huobi: The exchange is currently only in the first half, not even entering the mid-game

　　Li Lin, the founder of Huobi, said at the meeting today that the exchange is currently in the first half, not even reaching the mid-game. He believes that the transformation of the exchange lies in two points: first, the emergence of new technological and business models, and the ones leading the top three exchanges in the future will definitely not be the current model; second, the entry of the real正规 forces, such as the New York Stock Exchange, SBI, Rakuten, and other large groups have already started to lay out lottery and How to find it exchanges.

　　11. Analysis indicates that Coinbene withdrew $105 million worth of cryptocurrency in one day, suspected of being hacked

　　Blockchain data analysis company Elementus announced the results of its data analysis on the 27th, expressing skepticism about the authenticity of Coinbene’s

　　Elementus found that at 14:58 on the 25th of this month in Eastern Time, a series of withdrawals occurred on Coinbene, with a total of $105 million worth of cryptocurrency flowing out of the exchange’s hot wallet to three different addresses. Starting from 18:24 that day, the hot wallet ceased all activities for eight hours. At 2:44 the next day, the funds in the hot wallet began to flow into the cold wallet, and at 9:20 that day, facing complaints from users who could not withdraw cash, Coinbene announced that it was undergoing maintenance.

　　Coinbene reiterated on the 27th of this month that recent suspicions of a hack attack on the platform were actually maintenance work, and the assets of users are 100% secure. However, Elementus believes that transfers between a hot wallet and a cold wallet of any exchange would not involve such a large amount. The $105 million worth of cryptocurrency that flowed out of Coinbene has been sold in different exchanges and has been poured into a large number of centralized exchanges, including Binance, Huobi, and Bittrex.

　　12. Only 14% of cryptocurrency exchanges have obtained regulatory licenses

　　Regulatory technology startup Coinfirm released a report on the 27th, stating that among the 216 cryptocurrency exchanges accounting for more than 90% of global cryptocurrency market activity, only 30 have obtained licenses issued by regulatory authorities, accounting for 14%.

　　The report shows that 149 exchanges, accounting for 69%, do not have complete and transparent customer due diligence (CDD) and know your customer (KYC) processes, and only nearly 26%, or 56, have launched anti-money laundering (AML) processes, taking actions such as monitoring transactions or hiring officials responsible for money laundering.

　　Nearly 40% of exchanges do not support fiat currency and only conduct transactions between cryptocurrencies. Among the exchanges that provide fiat currency and cryptocurrency transactions, 49 have a complete KYC process, accounting for 23%. 45 exchanges allow users to deposit cryptocurrencies without KYC, accounting for 21%.

　　The report points out that among the 13 exchanges that support fiat currency transactions, including Yobit, Cryptonex, and Livecoin, there are no KYC requirements, and six of them cannot be determined to be in which judicial district, and they are reported to be the highest-risk category of exchanges.

　　13. A precedent-setting move! Coinbase launches offline rights-staking services for institutions, initially supporting Tezos

　　The United States’ largest cryptocurrency exchange, Coinbase, announced on the 29th that its custodial service, Coinbase Custody, has launched the rights-staking service for the Tezos blockchain token XTZ for institutional investors. In the cryptocurrency field, it is the first to provide regulated comprehensive services and insurance, as well as 100% offline rights-staking, and this service will also support the Maker (MKR) protocol in the future.

　　Blockchains like Tezos adopt the Proof of Stake (PoS) algorithm, where participants can help protect the security of the blockchain through rights-staking, or say, by authorizing. If authorized to a trusted node, they can share the benefits of XTZ mining from that node. Coinbase said that after deducting its fees, investors are expected to receive about 6.6% annual returns.

　　Coinbase said that for blockchains such as Tezos, Coinbase Custody will run its own nodes and verifiers, store all customers’ funds 100% offline and independently, and provide cryptocurrencies on its own to meet the need to keep part of the funds online for rights-staking, taking the risk of assets online. Coinbase Custody is the first one-stop, truly institutional rights-staking service provider.

　　14. The former Mt.Gox CEO files an appeal and does not accept the charge of manipulating electronic data

　　According to the Associated Press, the former CEO of the once-largest Bitcoin exchange, Mt.Gox, which went bankrupt due to a hack, Mark Karpeles said on the 29th that he would appeal the judgment of manipulating electronic data because he denied all charges during the trial and the judge did not fully understand his defense. “I believe the appeal is appropriate, so that all facts can be fully considered in the judgment.”

　　Nobuyasu Ogata, the representative lawyer of Karpeles, said that after a large amount of Bitcoin was stolen from Mt.Gox, Karpeles’ approach was to reduce the risk to Mt.Gox users, to minimize losses, ‘We do not believe that those actions were illegal.’

　　ChainDD App Flash News mentioned that this month, the Tokyo court ruled that Karpeles’ embezzlement of user funds was not proven, but he manipulated data, harming customers, and was sentenced to two years and six months in prison, suspended for four years. Previously, the Japanese newspaper Daily News reported that the Tokyo District Prosecutor’s Office decided to follow the court’s decision and would not seek an appeal.

　　15. Wall Street Giant Poaching: Coinbase Institutional Sales Director Jumps to Fidelity Investments

　　CoinDesk reported that according to multiple industry insiders, Christine Sandler, the institutional sales director of the US’s largest cryptocurrency exchange Coinbase, has resigned and joined Fidelity Investments, one of the world’s largest financial services providers.

　　Sandler has worked in traditional financial institutions for decades and joined Coinbase in March last year. CoinDesk reported that Sandler left because Coinbase’s institutional business direction changed. Coinbase’s focus is on cryptocurrencies and related hedge funds, while Sandler focuses on the entire financial institution.

　　Reports say that it is currently unknown what position Sandler holds at Fidelity, but it is reasonable to speculate that he should be with Fidelity Digital Assets Services, a newly established company. Sandler’s skills are more suitable for the style of companies like Fidelity.

　　ChainDD App Flash News mentioned that in October last year, Fidelity Digital Assets Services was established, which provides custody and transaction execution services for institutional investors and is not aimed at retail investors. Bloomberg reported in January that Fidelity plans to officially launch cryptocurrency custody in March, starting with Bitcoin, followed by Ethereum.

　　16. Korean Bithumb responds to the theft incident: Preliminary judgment is internal staff embezzlement

　　Korean exchange Bithumb announced on Twitter that, around 9:15 PM last night, we found abnormal transactions in the lottery and How to find it within the exchange, and then suspended deposit and withdrawal services.

　　The preliminary judgment is that this is an incident involving internal personnel, and no external intrusion has been found. We are currently cooperating with the Korean Cybersecurity Bureau and cyber police in an investigation.

　　At the same time, we are also cooperating with major exchanges and foundations and hope to make up for as much of the loss as possible. However, Bithumb did not disclose specific loss details in the announcement.

　　(Text: Zhang Xiaoyang)