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Blockchain financing is hot, regulatory standards continue to strengthen, and FCoin's collapse has drawn attention.
Blockchain Industry Weekly Report
Last week, there were a total of 9 project financings in the blockchain field, with a total amount exceeding 24 million USD, involving areas such as enterprise services and payment settlement.
Regulatory Dynamics
The central bank released the "Security Specification for Financial Distributed Ledger Technology", which specifies the security system for financial distributed ledger technology. This standard was drafted by the Central Bank Digital Currency Research Institute, with the participation of several banks. Some analysts believe that this will promote the development of digital currency and Blockchain supply chain finance.
The central bank held the 2020 financial market work conference, requiring a complete resolution of internet financial risks and the establishment of a perfect long-term mechanism for the regulation of internet finance.
The Central Bank of Russia and the Federal Security Service have reached an agreement on cryptocurrency regulation, which will prohibit the use of cryptocurrencies as a means of payment.
U.S. presidential candidate Michael Bloomberg proposed to establish rules to clarify the status of crypto assets in the financial system, strengthen regulation and consumer protection.
The patent applications related to central bank digital currencies have covered the entire issuance process, including generation, circulation, and recovery.
Industry News
A Bitcoin whale user suffered a SIM card attack, losing approximately $45 million in tokens. This user is the second-largest creditor in the MT.GOX coin loss incident.
The exchange Upbit stated that it is currently unable to restore withdrawal services for foreign users, as it cannot independently determine tax standards and rates.
The founder of Shenma Mining Machine, Yang Zuoxing, has been released on bail before the Spring Festival.
FCoin exchange has collapsed, with potential victims exceeding 2000 people, and the average loss may exceed 25 BTC.
Listed Company Dynamics
Edieer has signed a strategic cooperation agreement with Shuqin Technology, planning to establish a Blockchain alliance in the jewelry and diamond industry.
Zhidou Co., Ltd. will collaborate with Guoguang Electric to promote the implementation of supply chain finance Blockchain applications.
Zhongzhuang Construction claims it will create a Blockchain platform for the decoration industry, denying any concept hype.
Digital Governance has been researching the combination of Blockchain technology and urban management.
Investment and Financing Progress
Cryptocurrency custodian Copper has raised $8 million in Series A funding.
Blockchain company Scalar has added J Power and TIS in its Series A financing.
The blockchain and artificial intelligence company "Tree of Light Technology" has received tens of millions of RMB in Series A financing.
AvalonMeta completed a $420,000 financing round, with blockchain game company Peerplays leading the investment.
Fidelity International invests $14 million in OSL operator BC Group in Hong Kong.
BitGo acquires the security token platform Harbor.
Cryptocurrency derivatives exchange FTX plans to raise $15 million to $30 million at a valuation of $1 billion.
Citibank invests in and joins the Blockchain financial network Contour.
Yuanjie DNA received strategic investment from Benrui Capital.