Top Line

• Bitcoin rose for the first time in two weeks after entering 2018, with a cumulative increase of about 30%.
• Bitland will destroy 12% of its BCH transaction fees
• EOS.IO Updates "Draft of Constitution": Any member or revenue holder must not exceed 10% of circulation
• EU parliament votes through cryptocurrency-related agreements
• As the market rose, nearly 90% of the currencies have increased

Market Trend

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Market Rising, nearly 90% of the currencies have increased

Yesterday, the market continued its rally. Within 24 hours, nearly 90% of the top 100 currencies in the market had different degrees of gains. Among them, DCN (34.84%) ranked the first in the list, and the other currencies with more than 20% increase included STORM (28.48%), ZIL (21.38%), EOS (20.53%), and XIN (20.3%). At the same time, a few currencies fell in a contrarian direction, with the largest drop being WAX (7.43%), while the remaining relatively larger falls included CENNZ (5.83%), ONT (4.91%), XVG (4.46%), and MCO (4.43%). ) And NPXS (3.87%).

Hot News

Policies

EU parliament votes through cryptocurrency-related agreements

According to Coindesk, the European Parliament passed with 574:13 votes (60 abstentions) on Thursday, an agreement reached by the Council of Europe in December 2017 to prevent the use of cryptocurrency in money laundering and terrorist financing. According to the contents of the agreement, entities such as cryptocurrency trading platforms and wallet providers must register with the authorities and apply for due diligence procedures including customer verification. The investigators and the Minister of Environmental Protection, Judith Sargentini, said that through the new bill, they will expand the supervision of financial institutions in assuming responsibility for customer due diligence. Moreover, the act allows the relevant departments to obtain more information on the personnel behind the company and tightens the supervision of digital currency and anonymous prepaid cards, thereby alleviating the threat to the citizens and financial sector in this field.

The Supreme Court of Russia issued a "Crypt Currency Website Injunction" appeal to the District Court

According to the Russian Legal Information website RAPSI, in 2016 the St. Petersburg Regional Court announced the blockade of Bitcoininfo.ru, and stated that the cryptocurrency is a “virtual payment and stored value method” that does not meet legal requirements and has the potential to undermine the country’s only legal currency, the ruble. Later, Bitcoininfo’s attempt to appeal to the court was rejected. Last month, the Supreme Court announced that it officially accepted the case and sent the case to the St. Petersburg court for review yesterday. In addition, according to reports from the Russian News Agency, St. Petersburg also examined similar cases in February this year, and said that after review and analysis, it decided to abolish the blockade of 40 Bitcoin-related websites.

Taiwan authorities are concerned about illegal activities such as bitcoin money laundering and terrorist financing

According to Taiwan media reports, in response to the Asia-Pacific Association’s anti-money laundering organization (APG) going to Taiwan for mutual assessment in November this year, the Taiwan Financial Association held a “money laundering prevention and crackdown fight against terrorism” meeting yesterday. At the meeting, Minister of Finance Qiu Taisan stated that due to concerns about the bitcoin issue, they have recently invited financial institutions, the Ministry of the Interior, and the Department of Politics to negotiate and discuss laws and regulations related to Bitcoin's cash flow mechanism. The inter-departmental seminar has not yet reached a consensus on how to regulate cryptocurrencies; however, they believe that proper regulation of Bitcoin is needed, and that emphasis will be placed on avoiding being used as a money laundering tool.

Mining Dynamic

Bitmain will destroy 12% of its BCH transaction fees

On April 21st, at 10:30 p.m. on Friday evening, Bittland’s ant mine pool official tweet announced that it would transfer 12% of the transaction fees obtained in their BCH mining to the “burn address” for destruction. According to Bitland's explanation, the intention of destroying part of the network's fee is to strengthen Bitcoin's cash internal economy, thereby helping investors to profit from BCH. In response to this, Blockstream chief strategy officer Samson Mow challenged that it violated the BCH as a payment system. In addition, according to Coindance data, in the past one year, the ants mine pool BCH digging accounted for 7.3% of the total. The BCH quoted about US$1,133 in the morning and gained 17% during the day.

South Korea strengthens inspection of cryptocurrency chips entering the country

According to data released by the South Korean General Administration of Customs on Wednesday, border control agencies have noticed that the number of cryptocurrency mining equipment imported into South Korea has gradually increased – there were 454 worth of about 1.3 billion won (US dollar) from November to December last year. 1.2 million) Mining chips enter Korea. The increase in mining equipment has increased the power consumption and heat supply in some areas, and the risk of fire has also increased. In response, government agencies added crypto-currency mining chips to the inspection checklists, and examined the safety issues of imported cryptocurrency miners according to existing radio laws and electronic product safety requirements issued by national radio research institutes. To a certain extent, the number of chips entering South Korea is controlled. Before the introduction of the policy, South Korean government departments have begun to supervise the local cryptocurrency mining market. This month arrested relevant personnel suspected of illegal illegal mining.

Market Performance

Crimea considers setting up cryptocurrency funds for foreign investors to circumvent sanctions

According to the local media TASS in Crimea, the government is considering setting up a cryptocurrency fund for foreign investors in order to avoid sanctions. In an interview this Wednesday, Crimean Deputy Prime Minister Georgy Muradov said they are discussing ways to avoid sanctions. One way is to establish a cryptocurrency investment fund in Crimea. We can accumulate cryptocurrency resources in this way and then convert it into legal currency to realize the investment in Crimea. We hope to develop at least 10 with foreign companies. Cooperation. In addition, Anatoly Aksakov, Chairman of the Financial Markets Committee of the Lower House of Parliament of the Russian Parliament, said at the International Economic Forum in Yalta earlier that cryptocurrency transactions and ICOs may be allowed in controversial jurisdictions. However, due to the difficulty in supplying energy to the region, digital currency mining will not be allowed.

Bitcoin rose for the first time in two weeks after entering 2018, with a cumulative increase of about 30%.

According to Coinmarketcap data, bitcoin prices hit a maximum of $8880.23 in the last 24 hours, reaching a low of $8284.87. Bloomberg reported that Bitcoin entered the market for the first time in 2018 and has risen for the first time in two weeks, with a cumulative increase of nearly 30%, partially easing the 50% decline in the first quarter. In the view of the media analysts, this increase was caused by a combination of factors, including the entry of large investors such as hedge funds, the short-term flattening of bitcoin, the end of the sell-off triggered by the US tax season, and so on. The other currencies also showed a certain length of increase in the past two weeks. Ethereum increased by 7.5% in two weeks, Litecoin rose by 4%, EOS accumulated by 94.6%, BCH accumulated by 85.8%, and XRP accumulated by 0.88%.

Project Processing

EOS.IO Updates "Draft of Constitution": Any member or revenue holder must not exceed 10% of circulation

On April 21st, the Vice President Block.one had two consecutive updates to the EOS.IO Constitution on the EOS Go.uo Forum the day before. These two regulations indicate that EOSIO software is an autonomous blockchain and cannot be owned or controlled by anyone or a group of people. That is, EOSIO has no owner and no trustee. In order to prevent this from happening and to prevent the “whale” from controlling the blockchain, any member or beneficiary must not have more than 10% of the total issued tokens.