Blockchain Daily | BM released a draft of the new EOS constitution; Huobi China reached a cooperation with JD Cloud; Facebook may acquire Coinbase

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According to CCN, after proposing that the EOS project abolish its original constitution, EOS founder Dan Larimer has released a revised proposal. When it comes to the arbitration entity, BM once again elaborated on the promise of code is the law in the blog. BM said that if arbitration conflicts are resolved based on peoples arbitrary power, then everything will become a conflict and the ruling will be arbitrary. The more powerful the arbitrator, the more hostile and less predictable the outcome of the conflict. BM revealed that the reason for the accounts frozen by ECAF was a fraudulent website involving providing users with fake public/private key pairs. Going forward, users need to choose whether they want the elected block producers and ECAF to protect their interests. BM said, “This will give power to the block producers and the ECAF arbitration system. The contract will need to clearly define the powers of both parties to enforce the contract.”

regulatory trends

FBI is investigating 130 cases related to cryptocurrency

South Koreas FSC established a financial security advisory committee, the first meeting to discuss blockchain and other topics

South Koreas Financial Supervisory Commission (FSC) established a financial security advisory committee and held its first meeting on the 28th, at which issues such as the current status of blockchain implementation and future security directions were discussed. FSC official Kim Young-ki said, will try to improve the information security level of the entire financial sector.

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The Japanese National Police Agency re-examines the method of verifying the identity of financial institutions accounts, involving virtual currency transactions

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According to cointelegraph, under the jurisdiction of the US Department of Justice (DOJ), agents posing as cryptocurrency traders on the dark web have arrested more than 35 criminals. Officials also seized more than $23.6 million in proceeds. The operation included the confiscation of BTC mining equipment, nearly 2,000 bitcoins and other cryptocurrencies, including Xanax, MDA, LSD, etc., as well as fiat currency and gold bars worth approximately $3.6 million.

Multiple National Encryption Associations Still Plan to Sue Facebook Over Ad Policies

Yuri Pripachkin, chairman of the Russian Digital Currency and Blockchain Association (RACIB), confirmed that he will still file lawsuits against international IT giants such as Facebook with industry partners in Europe and Asia. He said that we will continue to prepare for the appeal until these IT companies lift the restrictions on ICO, we will make some small adjustments and stick to it.

Hangzhou Internet Court Confirms the Legal Effect of Blockchain Electronic Deposit for the First Time

Hangzhou Internet Court Confirms the Legal Effect of Blockchain Electronic Deposit for the First Time

On the 28th, the Hangzhou Internet Court made a public judgment on a dispute over the infringement of the right to disseminate information on the network of works, and for the first time confirmed the legal effect of electronic data stored using blockchain technology. The relevant person in charge of the Hangzhou Internet Court stated that for electronic data stored and fixed by blockchain and other technical means, an open and neutral attitude should be followed for individual case analysis and identification. It should neither reject or raise the standard of recognition for technology such as blockchain because it belongs to the current new and complex technical means, nor lower the standard of recognition because the technology is difficult to tamper with or delete. its evidential force.

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Su Jun, head of the E-Commerce Committee of the China Association for Trade in Services, recently issued a warning at the Second China (Hainan) Smart Business Conference: the blockchain has a bright future, but the currency circle is crazy, and air coins need to be supervised urgently. He reminded that dont be blinded by the concept, and it is urgent to implement effective supervision of digital currency. People must see that the most eye-catching application of the blockchain is still digital currency. Many companies take advantage of people’s ignorance of digital currency, people’s expectations of making a fortune, and various versions of Bitcoin’s sudden wealth story. Use various media to promote and publicize, use various conferences and trainings to promote and brainwash, and use regulatory loopholes to carry out illegal activities. It can be said that many companies are doing fraud under the guise of blockchain.

Industry News

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Facebook may acquire Coinbase

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Huobi China and JD Cloud reach strategic cooperation on blockchain research and development

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During the Spring Action (May-June) period of Wuxi High-tech Zone, 28 newly signed projects were signed, with a total investment of over 40 billion yuan. The newly signed projects are closely related to the frontiers of next-generation information technologies such as the Internet of Things, big data, and blockchain. The deep integration and application of networking and blockchain technology, etc.

American virtual currency exchange kraken will stop its services in Japan on July 26

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The proportion of Chinas blockchain PCT patent applications is lower than that of the United States, South Korea and other countries

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The study found that people with low activity in social media have a higher impact on BTC prices

At 3 a.m. on June 28, Beijing time, at the just-concluded Blockchain Connect Conference in Silicon Valley, the blockchain security company PeckShield disclosed a security vulnerability that could affect Ethereum and cause the geth node to go into shock or crash instantly. PeckShield named the disclosed vulnerability Ethereum Packet of Death (EPoD), which means fatal packet. An attacker can launch an attack on the geth node by sending a malicious packet. geth is the mainstream official client of Ethereum, which is adopted by many important nodes, which also means that once an attacker exploits this vulnerability to carry out an attack, the relevant important nodes involved may shut down at any time. For the entire Ethereum network, if such a loophole is used to carry out vicious competition, it will disrupt the market order and cause serious losses.

digital currency

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Zhang Yifeng, director of the China Banknote Blockchain Technology Research Institute, said that the central bank has been paying attention to and researching legal digital currencies. The issuance of legal digital currency will inevitably affect all aspects of the economy. If it is to be issued, it should be tried on a small scale first, focusing on the payment field. Our central bank is now called DCEP.

Bank of England Deputy Governor Woods: Bank of England is studying capital requirements for banks encrypted assets

In response to the Qtum all-day main chain transactions are only in single digits reported by many media recently, Quantum Chain Shuaichu attached the Qtum transaction chart in the circle of friends and responded as follows: As of today, the transaction volume of the Qtum main network is about 4000- 10,000 transactions, at peak times, close to 20,000 on-chain transactions per day. qtum.info updates the transaction status in real time.

Character·Voice

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UN Official Neil Walsh: Digital Currencies Are a Threat to Taxation

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Head of Draper Dragon Fund: Digital currency exchange will become a new type of Wall Street

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Im Qi Ming from Odaily. To explore the real blockchain, please add WeChat qingmoruoshui for project communication and breaking news. Please note your name, company, and position. For reprinting/content cooperation/reporting, please contact report@odaily.com; illegal reprinting must be punished by law.