Blockchain Daily (10/5): Bitpay eliminates European debit cards, SEC rejects ETF listing

Chain ring:

1. BlackBerry develops new blockchain tools to improve the safety of medical IoT
2. Alibaba submits a blockchain patent application that allows "administrative intervention"
3. Time magazine listed blockchain startups as "50 most talented companies" list
4. Experts predict that Malta's new bank will accept blockchain within one year
5. Jiangsu Province introduces blockchain technology to ensure the authenticity of crab food ingredients

Currency circle:

1. EU financial market regulators invest funds to monitor digital currency and other financial technology activities
2. SEC rejects Bitcoin ETF listing and changes in trading rules
3. Ethereum core developers announce postponement of testing network Ropsten system upgrade project plan
4. The Australian Securities and Investments Commission is considering establishing a new regulation to regulate encrypted transactions.
5. The US Department of Justice accuses the General Staff of the General Staff of the Russian General Staff of using the cryptocurrency to launder money.

Morning market broadcast: BTC adjusted below $6,600

The Coin Pro market showed that the BTC fell back after breaking through $6,600 in the early morning, hovering around the $6500-6600 range. The mainstream currency has risen slightly, and the market value of the previous hundred currencies has risen and fallen.

1. The global market value of the digital currency market is 218.893 billion US dollars, and the 24-hour volume is 12.427 billion US dollars.
2. BTC's current global average price is 6658.88 US dollars, up 1.40% in 24 hours. The price on the Coin Pro is $6584.52, the price on the OKEx is $6545.49, and the price on the coin is $6583.03.
3. According to the CoinMarketCap market, other mainstream currencies performed as follows: BCH was temporarily reported at $514.64 (-0.08%); ETH was temporarily reported at $222.08 (0.97%); XRP was temporarily reported at $0.5272 (0.11%); LTC was temporarily reported at $58.42 ( 1.76%); EOS temporarily reported $5.79 (3.30%).
4. According to CoinMarketCap market, the market value of the first hundred currencies 83 rose 17 drops, the top three gains: NOAH (+30.61%), XET (+29.13%), NEXO (+25%); the top three declines: DCN (- 6.47%), XIN (-3.84%), BTG (-3.10%).
5. Concept section 14 rose 7 drops, of which the top three gains were: data storage (+5.33%), content copyright (+3.97%), asset trading (+3.72%); the top three declines were: based on DAG (-1.58%) ), Internet of Things (-1.13%), platform currency (-0.79%).
6. Cboe Bitcoin futures October contract offer 6540.00 US dollars, CME bitcoin futures October contract offer 6540.00 US dollars.

Zhao Dong: Bitcoin relies on algorithm proof. Keep your private key. Yours is yours.

Zhao Dong, the founder of Dfund, said today that Weibo responded to the "private property issue" that netizens said, so bitcoin is the most bullish, relying on algorithmic mathematics to know that it is yours, no need to prove, no one to admit, keep a private key, your It is yours. The netizen believes that private property is also an illusion. The real difference is only whether others admit it. The private property that no one recognizes is not a private property. Whether a country is a sovereign state is also an international recognition.

Former SEC employee: XRP is not a security but a currency

When Michael Didiuk, a former US Securities and Exchange Commission (SEC) employee, talked about XRP, it was not a security but a currency. Didiuk mentioned that the Howey test proposed by the Supreme Court in 1946 determined whether assets were securities based on four factors. He said that XRP does not meet all the conditions of the Howey test, so it is not a security.

WFP Project Manager: Blockchain technology increases transparency, accountability and communication efficiency

According to the Associated Press, Gustav Stromfelt, one of the project managers responsible for the WFP project, said that we have this fast ability to understand the position of our funds throughout the process, and it (blockchain technology) has increased transparency. , accountability and communication efficiency. According to previous reports, since 2017, the United Nations World Food Program has been testing the use of blockchain technology to manage the assistance of more than 100,000 refugees in Jordanian refugee camps.

Martin Lewis: Bitcoin fraud ads on Facebook are destroying lives

Martin Lewis, the US consumer consultant who runs the MoneySavingExpert.com website in the UK, accused Facebook of posting fraudulent ads on its trusted social networking sites, causing adverse effects. Martin Lewis said that those who lost all their savings due to bitcoin fraudulent advertising on Facebook are committing suicide.

Four court cases in the United States consider cryptocurrencies to be commodities

According to four court cases, including the US Commodity Futures Trading Commission (CFTC), cryptocurrencies are commodities. A federal judge recently ruled that Token is a commodity that proves that CFTC has the right to sue fraud and manipulation in the encryption industry. In her judgment, the judge cited three other cases related to cryptocurrency and reached the same conclusion.

BlackBerry develops new blockchain tools to improve the security of healthcare IoT

According to Techrepublic, with the growing popularity of the Internet of Things (IoT) and other emerging technologies in the medical field, BlackBerry announced at a press conference that the company has developed a range of technologies to help leverage these technologies while prioritizing Data Security. The first of these tools is a blockchain solution powered by the company's Network Operations Center (NOC) to promote safer medical data storage and transmission. BlackBerry CEO John Chen said at the press conference: "We are applying our expertise in security, data privacy and communications work in regulated industries such as automotive, financial services and government to address the challenges facing the healthcare industry." The Global Commission will be provided with its blockchain tool, which is committed to eliminating rare diseases in children. The Global Council wants to use the tool to create real-time insights that speed diagnostics

EU financial market regulators invest in monitoring digital currency and other financial technology activities

According to Coindesk, the European Securities and Markets Authority (ESMA), the European financial market regulator, will invest more than 1 million euros to monitor digital currency and other financial technology activities during the 2019 period. The European Securities and Markets Authority (ESMA) sets out the main priorities for next year and further outlines budgeting and staffing for key areas of focus. The agency explained in the document that as part of protecting the financial position of economic groups, it needs to “pay special attention” to financial innovations, including cryptographic assets, and adds that it is actively looking for issues and risks associated with such activities. ESMA said that the main goal for next year is to “achieve a coordinated approach to regulatory and regulatory treatment of new or innovative financial activities and provide advice to EU institutions, market participants or consumers”.

Alibaba submits blockchain patent applications that allow "administrative intervention"

According to documents released by the US Patent and Trademark Office (USPTO) on Thursday, Alibaba Group Holdings Co., Ltd. filed a patent application for the blockchain system in March this year. The system allows third-party administrators to perform "special transactions," such as suspending smart contracts or freezing accounts related to illegal activities. The patent author writes in the document that although blockchain technology has many attractive features, such as openness, immutability, and decentralization, it does not take into account some of the practicalities associated with implementing it in a regulated real-world environment. factor. Alibaba's researchers say they are concerned that standard smart contracts cannot provide legal institutions with the ability to freeze user accounts related to illegal transactions, and the patent can facilitate administrative intervention in blockchain networks.

SEC rejects Bitcoin ETF listing and changes in trading rules

In the early hours of Beijing time, the US Securities and Exchange Commission (SEC) issued an amendment rejecting the changes in the listing and trading rules of the Bitcoin ETF proposed by cboe bzx exchange, rejecting the Graniteshares Bitcoin ETF and the Graniteshares Short Bitcoin ETF. In two separate documents, the SEC listed the order to reject the proposed rules for the two ETFs (SR-CboeBZX2018-001). According to the SEC, the refusal order is still in force. The SEC orders that all stakeholders submit a statement of support or objection to the GraniteShares ETFs by October 26th. It is reported that the GraniteShares Bitcoin ETF was proposed by the Cboe BZX Exchange on January 5, 2018.

Time magazine lists blockchain startups as "50 most talented companies" list

According to CCN, Bitland, one of the first startups to use the blockchain technology to create a land registry, has been named "50 Most Talented Companies" by Time magazine. It is understood that under the leadership of Ghana resident Narigamba Mwinsuubo, Bitland used blockchain technology to create an unalterable public record of land ownership. The International Monetary Fund (IMF) estimates that 90% of Ghana's land is unregistered and that if the land is stolen, there is almost no legal recourse. Once Bitland's actual staff has verified land ownership on the ground, ownership is recorded in a format that cannot be retroactively changed. The company's staff currently works with government officials.

Ethereum core developer announces postponement of test network Ropsten system upgrade project plan

According to Coindesk, Ethereum core developers announced plans to postpone the upgrade of the Constantinople system on the test network Ropsten. Peter Szilagyi, head of the Ethereum Foundation team, explained that the main reason for the delay is to provide customers with more time to resolve the vulnerability. In addition, the delay will provide space for Ropsten users to test other Ethereum projects (such as the offline expansion solution Raiden) to prepare for the possible network fork that may occur in Constantinople.

Bitpay phase out European cardholder's encrypted debit card

According to Bitcoin, global digital currency payment service provider Bitpay announced that the company's loadable encrypted digital currency debit card service will no longer be available to European customers later this month. Bitpay has emailed all of its European cardholders to e-mail and revealed that it is falling into all Bitpay accounts associated with the Bitpay card issued by Wave Crest.

V God: Again, decentralization and distribution are different.

Vitalik Buterin, the founder of Ethereum, said on Twitter that trying to articulate different things with words that sound like synonyms is something that science cannot tolerate. Examples of this are "type and kind and sort", as well as "decentralized" and "distributed". V God also attached his previous detailed interpretation of decentralization, explaining the difference between decentralization and distribution.