Welcome to follow [Global Blockchain Breakfast] (bc_daily). You will know the big news about blockchain. A beautiful day starts with faith! Click to play the audio version to release your hands and eyes, and it is more suitable for breakfast!

Welcome to follow [Global Blockchain Breakfast] (bc_daily). Knowing the big news of blockchain is a long time ago, and a beautiful day starts with faith!

Click to play the audio version, release your hands and eyes, and match it with breakfast!

Industry dynamics

1Bank of Japan Deputy Governor: Central banks of all countries should be vigilant against the impact of Libra on banks and settlement systems

According to CCN, according to the Bank of Japan Deputy Governor Masayoshi Amamiya, Facebook's cryptocurrency Libra may have a high user base in the future and warn Facebook to comply with money laundering and risk management regulations. Facebook must take responsible actions and comply with regulations to provide safe and reliable payment services. Amamiya urged central banks to remain vigilant about Libra's impact on banks and settlement systems.

2 Singapore Taxation Bureau plans to exempt digital payment tokens GST

According to the official news from the Singapore Taxation Bureau, on July 5, the Singapore Taxation Bureau (IRAS) released the latest draft, involving the processing of goods and services tax (GST) for transactions in virtual currencies or cryptocurrencies (hereinafter referred to as digital payment tokens) that are intended to be used as a medium of exchange. Under current rules, the sale, issuance or transfer of such tokens is subject to GST. When tokens are used to pay for purchases of goods or services, bartering will result in two separate taxable supplies, namely, taxable supply of tokens and taxable supply of goods and services. Starting from January 1, 2020, in order to better reflect the characteristics of digital payment tokens, the following changes will be implemented: (i) Paying for goods or services using digital payment tokens will not trigger a taxable supply of tokens; (ii) exchanging digital payment tokens with fiat currency or other digital payment tokens will be exempt from GST. IRAS is seeking feedback on handling commercial excise tax on digital payment tokens.

3 Swiss Falcon Private Bank adds XRP and XLM transaction and custody service support

According to ambcrypto, Swiss Falcon Private Bank recently announced the addition of XRP and XLM transaction and custody service support. Falcon Private Bank's official Twitter account tweeted that Falcon has developed a process of passing approval to allow the use of blockchain assets to execute regulatory-compliant transactions. Users can purchase cryptocurrencies through banks, transfer them directly from their dedicated Falcon wallets and convert them into fiat currencies.

4 The physical Bitcoin coins are priced at $99,000 on eBay for sale

According to cointelegraph, on July 1, a seller sold physical Bitcoin coins at $99,000 on eBay. The seller claims that the physical Bitcoin is a copper Casascius coin created in 2011. It is reported that the physical Bitcoin contains a BTC that has not yet been redeemed, and all seals are kept intact. The seller said the Bitcoin was purchased in 2012 and was kept in a safe, adding that there are only a few hundred left in the world.

5 Mars Finance will host the global blockchain developer conference on August 20

July 5, Mars Finance initiator and chairman of Blueport Interactive Wang Feng disclosed that it will invite multiple institutions in the industry to jointly hold the "POW’ER 2019 Global Blockchain Developer Conference". The conference will be held in Beijing on August 20 and 21, and the meeting location is initially scheduled for the third phase of the China Trade Center. This conference will invite front-line developers in the industry to participate and discuss the implementation of new technologies such as blockchain technology and digital economy, artificial intelligence, and the Internet of Things. Wang Feng revealed that the current design topics have covered major blockchain research, development and application services such as public chains, privacy protection, DeFi, staking, DEX, Lightning Network, cross-chain technology, computing power upgrade, DApp, data security, distributed storage, etc. At the same time, taking the opportunity of the combination of blockchain and other emerging technology fields, a sub-forum was organized to discuss how to integrate technologies such as the Internet of Things, artificial intelligence, cloud computing, big data, etc. into the new generation of digital economy ecosystem. At present, many blockchain technology leaders, blockchain technology leaders, blockchain architects, front-line R&D managers of first-tier Internet companies around the world, as well as investment institutions in new technology fields have been invited one after another.

6 Justin Sun : Buffett luncheon, we only sent invitations to Litecoin founder Charlie Lee, Binance and Huobi, three institutions

Justin Sun posted on Weibo that as of now, Buffett luncheon, we only sent invitations to Litecoin founder Charlie Lee, Binance and Huobi. Others who lied that they were invited were liars, and even asked for property from this, please call the police as soon as possible to ensure financial security.

7 Associate Researcher of the Chinese Law Society: " Cryptographic Law of the People's Republic of China (Draft)" publicly solicited opinions, which may be conducive to promoting commercial

According to the Financial Network, the China People's Congress website has announced the "Cryptographic Law of the People's Republic of China (Draft)" to publicly solicit public opinions. The deadline for soliciting opinions is September 2, 2019. Liu Jinrui, an associate researcher at the Institute of Rule of Law of the Chinese Law Society, said that the launch of the "Cryptography Law of the People's Republic of China (Draft)" is not only conducive to regulating the application of new technologies such as blockchain, but also conducive to promoting the commercial use of encryption technologies such as blockchain. Of course, some specific issues need further in-depth research. According to Article 12 of the draft, "No organization or individual shall steal other people's encrypted information, shall not illegally invade other people's password protection system, shall not use passwords to engage in activities that endanger national security, social public interests, legitimate rights and interests of others or other illegal and criminal activities." In addition, the draft also implements classified management of core passwords, ordinary passwords and commercial passwords. In order to implement the requirements of functional transformation and the "deregulation, regulation and service" reform, and standardize and promote the development of the commercial password industry, Chapter 3 of the draft stipulates the main systems for commercial passwords.

8 South Korean banks strengthen monitoring of anonymous transactions in cryptocurrencies, which may be related to the new FATF regulations

According to the financial industry on July 5, local media in South Korea reported that South Korea's second largest financial group Xinhan Bank (Shinhan Bank), plans to implement stricter supervision of the accounts of cryptocurrency users, with the goal of completely abolishing anonymous cryptocurrency transactions in South Korea. The bank will report that it will take "special measures" and assign special personnel to analyze exchange accounts and inspect transactions. It also said it will work on developing an artificial intelligence system that will accurately and quickly analyze and detect illegal transactions later this month using deep learning. The industry has faced additional pressure lately as the recent Financial Action Task Force (FATF) requires cryptocurrency exchanges to share customer information. South Korea is likely to strictly abide by the requirements of the Financial Action Task Force (FATF). However, the news about Xinhan Bank did not seem to have caused concerns from the Korean exchanges. “The South Korean government only allows Bithumb to use NH banks, so we have no relationship with Shin-Korean banks and their news has nothing to do with our business,” said a Bithumb source, which is controlled by Singapore’s Blockchain Trading Alliance (BXA) and is to some extent the largest exchange in South Korea.

9 bit Xiaolu 90-day mining spot package is launched and sold out in 10 minutes

Official news, on July 5, Beijing time, Bit Xiaolu once again launched Fengshui Power Bitcoin 90-day mining spot package, and all sold out within 10 minutes of online. It is reported that Bit Lu is the first cloud mining service provider to realize real computing power cutting and allocation. This time, the spot package has a low threshold, a short cycle, quick return, and strong risk resistance. Mining can start 3 minutes after payment. Bit Deer will launch spot purchases from time to time. For details, please follow the official website announcement and register in advance to apply for purchase qualification.

0 Utah regulatory sandbox allows blockchain and other Fintech companies to test products without obtaining a license

According to CoinGeek on July 4, Utah, USA announced the launch of a regulatory sandbox on July 3, allowing fintech companies to test their new products or new services without obtaining a license. The Ministry of Commerce expects that the regulatory sandbox will provide a platform for fintech startups and entrepreneurs to easily start their own businesses.Among them, fintech companies may include those involved in innovative financial products and services, such as currency lending companies, blockchain-based companies and cryptocurrency companies.

1 Huobi: Monitoring actions have been taken for the flow of some "wallet disks". Some suspected of illegal acquisition of assets has been frozen.

Relevant person in charge of Huobi Public Relations Department said on July 5 that Huobi has established a corresponding response mechanism. Based on the principles of protecting user assets, proactively cooperating with supervision principles and exchange security risk control measures, monitoring has been taken for the flow of some "wallet disks". Some assets suspected of illegal acquisition have been frozen. According to media reports, a group of "exchanges" and "wallet disks" recently suspected of having asset transfers, and the possibility of further flowing into some exchanges is not ruled out.

2 "The International Monetary Fund intends to issue IMFCoin" is an old news in 2017

According to Planet Daily, on July 5, an "International Monetary Fund (IMF) is exploring the possibility of issuing the global digital currency in the future. At the Bank of England forum last week, IMF President Christine Lagarde hinted that the organization plans to launch a global digital currency similar to Bitcoin-IMFCoin." After inquiry, the "news" originated from the article "The IMF President stated that it may issue cryptocurrency IMFCoin (IMF Chief Suggests IMFCoin." Cryptocurrency as Possibility)》, released on October 7, 2017. The Wall Street Journal analysis mentioned in the article comes from another article "Forget Bitcoin, have you heard of IMFcoin?" (Forget Bitcoin. Have You Heard of IMFcoin?)", published on October 5, 2017.

3 Zhou Xiaochuan: Digital currency should consider the impact on the conductivity of monetary policy

According to Sina Finance, on July 1, Zhou Xiaochuan, former Governor of the People's Bank of China and vice chairman of the Boao Forum for Asia, said at a series of activities for the 10th anniversary of the founding of the Shanghai Advanced Finance School of Shanghai Jiaotong University that as a payment system and digital currency, the impact on the conductivity of monetary policy should be considered, which is also a consideration for financial stability. It is also dangerous to say that public spirit, security, stability, privacy protection, etc. are considered, but the coordination relationship with monetary policy and the support for monetary policy transmission are not considered. Because the monetary policy transmission mechanism is an important channel for macro-control in any economy, if monetary policy lacks a transmission mechanism, the macro-economy will be out of order. Therefore, I think such institutions are not qualified to build public infrastructure.

4 Shenzhen 28 banks connect with the central bank's trade finance blockchain platform, and automatically register taxes from July

According to Caixin.com, starting from July 4, Shenzhen enterprises have submitted external payment registration forms to the Shenzhen Taxation Bureau, which can complete the operation online throughout the process, reducing the time cost of offline trips to and from the tax window and the bank window. What helps to electronicize the "tax registration form" is the central bank's trade finance blockchain platform (hereinafter referred to as the central bank's trade finance platform). The platform was launched in September 2018 by the Central Bank Digital Currency Research Institute and the Central Bank Shenzhen Branch. On July 4, the Shenzhen Central Branch of the People's Bank of China signed an agreement with the Shenzhen Taxation Bureau of the State Administration of Taxation to announce that the tax payment registration form was "on-chain". According to the provisions of the State Administration of Taxation and the State Administration of Foreign Exchange , domestic institutions and individuals pay foreign exchange funds of more than US$50,000 to a single overseas payment of foreign exchange funds of more than US$50,000, and tax filing is required to the competent tax authority in the local area.

primary market

1 Jidou Capital and VCCT Automobile Chain signed a strategic investment agreement

July 5, at the VCCT Automobile Chain anniversary celebration and the new flagship product UFO V8 new product launch conference, Jidou Capital and VCCT Automobile Chain signed a strategic investment agreement. Previously, VCCT has received investments from many institutions or individuals, including Guoxing Capital, Guo Investment Capital, Yingxin Investment Group Chairman, and "China Buffett" Lin Jinfeng. It is understood that the new generation of products that VCCT is developing is a system solution integrating ADAS and DMS. By equipped with the most advanced ACC intelligent driving assistance system, it has lane keeping, forward vehicle collision warning and other functions.Not only does it have the business logic of AIOT, it will realize the effectiveness and authenticity of big data through the protection of blockchain.

2 The famous German venture capital institution officially announced the joint construction of the German luxury blockchain anti-counterfeiting system with LCT

Official news, the famous German venture capital institution DIGITAL GASH LAB invested 5 million euros to reach a strategic cooperation with the global luxury public chain Luxury Chain ToKen (LCT), and officially announced the joint construction of the German luxury blockchain anti-counterfeiting system with LCT. A spokesperson for DIGITAL GASH LAB said that relying on strong financial resources combined with the advantages of LCT blockchain, we will continue to cooperate in depth with the core LCT team to accelerate the implementation of LCT blockchain ecological scenarios, and jointly build LCT into the world's top luxury public chain.

secondary market

1 CME adjusts Ethereum-related index and may launch Ethereum futures

According to The Block, the Chicago Mercantile Exchange (CME) is adjusting Ethereum-related reference exchange rates and indexes, which are expected to be held on July 15. Sources said this may mean that CME will launch Ethereum futures trading and they must improve the robustness of their index. Without reliable data, cash-settled futures can easily be manipulated or cannot represent the actual price of the relevant assets at all, the sources said.

2 Tether The transaction volume in June exceeded $1 trillion

According to ambcrypto, a Twitter user told the community that according to CoinGecko data, Tether's transaction volume in June exceeded $1 trillion . The user said there is evidence that Tether not only drove the price of Bitcoin to rise, but also had an overwhelming impact on the crypto market as a whole. The decline that began in November 2018 was due to Tether's loss of $850 million, which could not be circulated as trading volume. Tether has been wholesale additional USDT for the past few weeks. On July 4, Tether issued an additional $100 million, and the price of Bitcoin increased significantly.

3 Foreign media: CoinMarketCap removes the data related to the CoinExchange Exchange, and the relevant project parties may be damaged as a result

According to ambcrypto, the CoinExchange Exchange failed to comply with the announcement requirements of CoinMarketCap's DATA (Data Transparency Alliance), so CoinMarketCap is not included in the CoinExchange Exchange. The SHND project has seen continuous plunges recently due to fewer exchanges (which have been launched in CoinExchange). The project party called on CoinMarketCap to communicate with CoinExchange to prevent losses to holders and supporters.

4 Malaysia ordered the closure of all unregistered crypto exchanges and return investor funds

According to CCN, Malaysia's financial regulator ordered the closure of all exchanges in the country except for three registered exchanges. Malaysia's capital market regulator warns all unregistered crypto exchanges that operate in the country to cease operations and return investor funds. The Malaysian Securities Commission said in a press release that there are only three digital asset exchanges in the country. According to previous reports, the three companies are Luno Malaysia, Sinegy Technology and Tokenize Technology. Except for the above three operators, Malaysia currently does not allow other platforms to establish and operate DAX. Therefore, all other DAX operators must immediately cease all activities related to digital asset trading and return all funds and assets collected from investors.

5 DigiFinex will start purchasing ETH at 66% off on July 15, and hold DFT to grab USD 500,000 USD Th

According to the announcement of D.com (DigiFinex), in order to give back to users and further enhance the value of DFT, the platform held the "DFT Welfare Month" event in July. The second phase will start buying ETH at 66% off, and two rounds of USDT will be opened to grab 500,000 USDT. The 66% discount will be purchased from 10:30 to 12:30 on July 15, and the 88% discount will be purchased from 14:30 to 16:30. The event adopts a lottery winning method, and users can subscribe through the Apollo page using DFT. Qualified users can subscribe to the maximum amount of 5,000 USDT. DFT is DigiFinex's platform proof of stake and global token, and undertakes important functions of linking the platform ecosystem and its global business ecosystem.

6 Primitive Ventures Founding Partner: All stablecoins may be conducted on the Ethereum blockchain

Bitfinex CTO tweeted that the 100 million USDTs created on July 4 were only to migrate Tether from OMNI to Ethereum. In response, Dovey Wan, founding partner of Primitive Ventures, said that Binance also switched the USDT recharge reflect address to Ethereum's ERC20. As long as Ethereum becomes the first choice for these synthetic assets, one day all stablecoins will be conducted on Ethereum blockchain. Previously, on July 3, Binance issued an announcement stating that the default recharge and withdrawal address of USDT will be switched from OMNI network to ERC20 network. The USDT of the original OMNI network can continue to recharge and register.

7 The balance of US dollar assets pledged by PAX in June was approximately US$161 million

US accounting firm Withum released an audit report on US dollar bank accounts pledged by PAX in June 2019. The report shows that as of June 28, 2019, the balance of US dollar assets pledged by PAX in the bank was US$164,099,588.07 (approximately RMB 164 million). Data on the Ethereum chain shows that the current total supply of PAX is 164,099,588.07 (about 164 million). This report shows that every PAX is allocated 1 dollar redemption value and is strictly anchored to the US dollar in a 1:1 ratio.

8 CCN: This bull market may not usher in the altcoin season

CCN published an article on July 5 saying that historically, the rise of Bitcoin will bring about altcoin parabolic rise, but this bull market may not usher in the "alt season (alt season)". Bitcoins in the top 20 places such as XRP, EOS, XLM, and BSV, etc., will lag behind Bitcoin in this bull market if they cannot make major breakthroughs in reality. Hundreds of altcoins will also disappear completely. There are three main reasons: 1. The current market theme has shifted from "blockchain, not Bitcoin" to "bitcoin, not blockchain", and inflowing institutional funds will not buy altcoins; 2. There is no altcoin season catalyst (ICO) similar to 2017 in this market; 3. Traders will turn to the growing Bitcoin derivatives market, not altcoins.

9 Data shows that in the past seven months, GUSD's market value has shrunk by 88.1%

According to AMBCcrpto on July 4, GUSD's market value peaked on December 20 last year, reaching US$103.91 million. After that, its total market value has dropped to a market value of $12.35 million and has shown no uptrend. This means that over the past seven months, GUSD's total market value has shrunk by 88.1%.