Swiss Financial Markets Authority: Blockchain-based business model should not bypass existing regulatory frameworks
The Swiss Financial Market Regulatory Authority (FINMA) announced today a guide to regulatory requirements for blockchain payments for financial services providers. The Virtual Asset Service Provider (VASP) guidelines cover blockchain service providers, such as exchanges, wallet providers, and trading platforms, and require existing anti-money laundering rules to apply to such service providers as well. FINMA pointed out that blockchain-based business models are not allowed to bypass existing regulatory frameworks, which is particularly applicable to the regulation of money laundering and terrorist financing.
Digital currency is coming soon, or it will give birth to bitcoin big bull market
Mu Changchun, deputy director of the Paying Division of the People’s Bank of China, delivered a speech at the 3rd China Financial 40th Yichun Forum, saying that the central bank’s digital currency (CBDC) is on the horizon. This move is seen as a manifestation of China’s initiative to respond to the Libra challenge. The introduction of the central bank’s digital currency may give birth to a bitcoin big bull market. Through the realization of the central bank’s digital currency, it can be guessed that the central bank is likely to design the lowest level of technical standards, such as the most core encryption algorithms and public and private key systems, and then each bank or operating agency design features at the lowest level of the architecture. Rich wallet and other application forms. If the final central bank digital currency adopts a block-chain public-private key system, it is undoubtedly a major positive for the cryptocurrency market.
Financial Times: Blockchain technology can improve risk management and control capabilities in the commercial factoring industry
The Financial Times today issued a document “Business Factoring Steps into Adjusting the Peak Period, Science and Technology Helps Consolidate Wind Control.” According to the article, with the development of technologies such as big data and cloud computing, the penetration rate of technology into the financial industry is increasing day by day, especially in the areas of risk prevention and control and anti-fraud. The business factoring industry is no exception. At present, the cross-border integration of financial technology and commercial factoring is becoming more and more in-depth. More and more commercial factoring companies are applying new technologies such as big data and blockchain to improve their risk management and control capabilities. Blockchain technology addresses industry core data breaches. In addition, the blockchain has the characteristics that the data cannot be falsified. In the factoring business, a set of processes of financing, credit risk management, accounts receivable management and collection services are written on the blockchain, which can enable financial institutions and factoring. The company tracks its data and the flow of funds throughout the chain, which in turn significantly reduces risk.
Encrypted project calendar（August 26, 2019）
ICX/ICON: ICON(ICX)ICONists will vote for P-Reps and receive ICX awards starting August 26.
MBL/Moviebloc: MovieBloc will share details about the MovieBloc service and wallet features in MovieBloc Service Preview 2 on August 26th.
ETHOS/ETHOS Token: ETHOS Token (ETHOS) BitMart The first ETHOS Token Trading Contest will be closed on August 26, and participating users can divide 50,000 ETHOS.
Encrypted project calendar（August 27, 2019）
MAID/MaidSafeCoin: MaidSafeCoin Internet Coin (MAID) will host the 2019 Turing Festival in Edinburgh from August 27th to 29th.
SC/Siacoin: Siacoin (SC) Pluralsight LIVE was held in Salt Lake City from August 27th to 29th, 2019.
Encrypted project calendar（August 28, 2019）
NULS/NULS: The NULS 2.0 Beta hackathon will be held from July 8th to August 28th, 2019.
ZLA/Zilla: ZILLA (ZLA)’s complimentary $3,500 GD Token event will end on August 28.
Encrypted project calendar（August 29, 2019）
ICX/ICON: ICON(ICX)ICON will meet with HPB_Global in Korea on August 29th, and Asian Market Business Director Daniel Kwak will deliver a speech and will answer questions with participants.
TYPE/Typerium: A 100-day countdown from Typerium will end on August 29th, and the project officially calls SecondComing.
ONE/Harmony: The first phase of the Pangea project launched by Harmony is over, and the second phase will begin on August 29.
KICK/KickCoin: KickCoin will be exchanged for KickToken for an exchange time of August 29, which will receive nearly 150% of the reward.
Encrypted project calendar（August 30, 2019）
XDCE/XinFin Network: 2019 TraceFinancial webinar will be held on August 30th
WAX/WAX Token: WAX TokenSwap (WAX) to August 30, ERC-20 WAX Token token converted to WAX Token Cutoff
UGAS/Ultrain: Ultrain community news, after the main network mapping starts on August 7, all UGAS holders must complete the registration of the Ultrain main wallet account by August 30th.
Encrypted project calendar（August 31, 2019）
ADX/AdEx: ADEX (ADX) will release the Validator Stack version 2.0 in August
DADI/DADI: DADI will release the network CLI on August 31, with Stargates to support network services; and release Self Onboarding on the same day to allow the network to be more open.
MITH/Mithril: The Mithril (MITH) team decided to implement the first MITH token destruction program on August 31.
COS/Contentos: Contentos test network v0.5 “Jupiter” will be launched on August 31, this is the last version of the test before the main online line, alternate release.
Encrypted project calendar（September 01, 2019）
XLM/Stellar: Stellar (XLM) will conduct equity awards in binance on September 1st
Encrypted project calendar（September 02, 2019）
AE/Aeternity: The third phase of Aeternity token (AE) main network migration will end on September 2nd
BTC is currently reporting $10,360, an increase of 2.89% during the day. In response to the current trend, today’s BTC hour line breaks through the daily high point and the second highest point to extend the line quickly, and it is easy to form a triangle convergence behind the big Yang line. The end of the convergence will re-select the direction and will be gradually applied to Fibonacci’s 61.8% or 10174 pressure line. The position that the BTC will return to in the future is 10174. At the same time, considering that the daily line level has reached 4 times near the 9900 under the box, Bitcoin has a higher probability of a new low point reaching below $9,900. Observed from the wave structure, after the emergence of the high point 13968, the ABC wave has already fallen out of the daily trend. The current sideways volatility is in the 2 wave rebound range of the 5 wave falling in the C wave wave shape. The third wave of declines on the level 5 wave will generally fall beyond the 1 wave. At present, the observation of 1 wave has fallen by more than 2000 points, so the magnitude of the 3 waves may exceed this range. Therefore, Bitcoin still has the possibility of reaching around 8500 points.
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