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Qu Comment News 2018.07.19 Thursday One minute rant: You lied to me again~  1The South Korean government will implement tax relief policies for blockchain and other technology companies in the first quarter of next year  According to Money Today, the South Korean government held a meeting of economic ministers today and announced the "Investment Attraction Support System" plan, which cancels the income tax reduction policy for foreign-invested enterprises. Instead, the government decided to provide more cash subsidies to foreign companies that invest in new technologies and create high-quality jobs. It has been decided to target 15 technology-based enterprises in 11 fields, including blockchain technology, autonomous driving and artificial intelligence, as tax exemptions in the first quarter of next year. (Source: Digging Chain) Interesting comment: The South Korean government has finally stopped fighting against cryptocurrency taxation and exchanges, and has begun to guide the development of blockchain technology. These high-tech industries should have been included in tax exemptions long ago. Although it still depends on the United States, South Korea's Internet industry development in recent years has slowly been able to keep up. In contrast, in my country, countless industry summits have stated that the development of blockchain technology will be encouraged, but so far there seems to be no tax relief policy for blockchain companies. It is hoped that domestic industry guidance, support and supervision can be carried out at the same time.  2Xiaomi officially releases the blockchain product “MiLi”: F code can be redeemed  Yesterday, Xiaomi released the 2B Milutong platform and the 2C Xiaomi WiFi chain. Users can obtain "rice grains" as rewards. “As Xiaomi's attempt in the blockchain field, "Mi Li" can currently be used to exchange F codes for popular products, participate in the "Crypto Rabbit" game, etc. In the future, “MiLi” will also be gradually integrated into Xiaomi’s business lines. (Source: Future Finance) Interesting comment: From the current perspective, Xiaomi seems to be recreating an online ecosystem. This ecosystem uses Xiaomi WiFi chain as the entrance and MiLi as the medium that connects all online products. In fact, it is quite similar to NetEase Planet’s approach, but the chosen breakthrough point and ecological dimension are somewhat different. MiLi will also be used to enable AI speed-up, log in daily, share WiFi networks, connect new IoT devices, experience Xiaomi Youpin, invite friends, Xiaomi live broadcast, etc. Among them, redeeming F codes is a very attractive point for Mi fans. After all, Xiaomi's various new products are always out of stock, and F codes that can be used to purchase new products first are very precious. But looking back, apart from borrowing from the token reward mechanism of blockchain, it seems that it has nothing to do with blockchain technology? 3 Summary of key points of the U.S. House of Representatives Agriculture Committee hearing on digital currency  Summary of key points of the U.S. House of Representatives Agriculture Committee’s hearing on digital currency: 1. Former Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler: I hope cryptocurrency will overcome challenges and succeed. Bitcoin is the modern form of digital gold and a social construct. 2. Mike Conaway, Chairman of the U.S. House of Representatives Agriculture Committee: The future of Token is more versatile and more reliable than the payment system. Providing a strong regulatory framework for cryptocurrencies is critical. If necessary, Congress or regulators may consider developing a new regulatory framework. Furthermore, he said that as long as stupid criminals continue to use Bitcoin, that’s a good thing. 3. Scott Kuporr, Managing Partner of Andreessen Horowitz: There is no doubt that the issuance of these tokens, which are so-called investment contracts, should be subject to similar supervision. Bitcoin is actually the worst money laundering tool because every transaction can be traced. 4. Daniel Gorfine, Chief Innovation Officer of the CFTC: The CFTC is seeking to increase resources in order to regulate the digital currency field. It is estimated that an additional investment of US$281 million will be needed. 5. Clovyr CEO Amber Baldet: Cryptocurrency can be a bridge for people in trouble. 6. Joshua Fairfield, professor at the University of Washington School of Law: The way we capture criminals is through traffic analysis, and blockchain is very suitable for traffic analysis. (Source: Digging Chain) Interesting comment: Which military leader compiled these key points from the hearing? All of them are calling for cryptocurrency and blockchain technology... It makes the editor lose his temper. At least there is a comment about Bitcoin in it. Otherwise, how can you explain to me the decline in the currency market today?  In addition to this hearing, there was another hearing held by the House Financial Services Committee, in which the main force of the Air Force appeared. Federal Reserve Chairman Powell’s views on cryptocurrencies during the House of Representatives hearing: 1. Cryptocurrencies are not big enough to pose a threat. 2. The United States will not participate in digital currency. 3. The Federal Reserve does not seek to regulate cryptocurrencies. Digital currencies should be regulated, but not by the federal government. 4. Cryptocurrencies are not real currencies and pose significant risks to investors. 5. Regulatory issues in the cryptocurrency space are huge and widespread. It feels like these two meetings have come to no conclusion. 4 Changpeng Zhao: The most BNB burned this season has ever been  Binance CEO Changpeng Zhao said that 2.52 million BNB (approximately equivalent to US$32 million) will be destroyed this quarter, which is 320,000 more than the 2.2 million BNB in the previous quarter (approximately US$30 million at the time). The amount of BNB burned this season is the largest ever. In addition, Changpeng Zhao said, "Our judgment that the entire market is going down is a wrong conclusion." The reasons include: 1. So far, ICO financing equivalent to 14 billion U.S. dollars has been successful this year, and the rate of attracting funds is four times that of 2017. 2. Many countries have issued regulatory rules that positively support the blockchain industry, changing their attitude from "uncertain" to mutual competition. 3. Many financial institutions have entered the market. The price of Bitcoin may rise or fall, and the market's reaction is always excessive, whether it is chasing highs or selling lows. (Source: Future Finance) Interesting comment: cz’s analysis is right. If the market goes down, there will not be a steady stream of trading platforms born. The cryptocurrency market is still a blue ocean, and blockchain technology is still just a toddler. Although the news of BNB's destruction is good, due to the impact of today's market trend, BNB has fallen by 6.77% so far. It may also be that the market overreacted as cz meant. Yesterday's sudden surge may have caused many people to start shipping, so the market was hit by another slide. The editor personally feels that BNB is still one of the most worth investing in platform coins. 5FCoin Announcement: Launch of “Lock-up and Mining” trading variety FCandy  FCoin issued an announcement announcing the launch of the innovative "lock-and-mine" trading variety FCandy (FCoin Candy) from now on. Its features are: 1. FCandy is an asset pool that collects a variety of digital assets. Before the community voting mechanism is launched, it follows the principle of "permanent lock-up", that is, all currencies transferred into the FCandy asset pool cannot be sold to the secondary market or transferred externally, and the address is disclosed to everyone. 2. FCandy adopts the issuance mechanism of "Lock-up and Mining", that is, any valuable digital assets (with transaction price or private placement price) invested in the FCandy asset pool will be issued correspondingly with an additional FCandy not exceeding 5% of the total value of the invested assets. The conversion price is based on the average FCandy market transaction price of the previous day. The announcement mentioned that high-value assets in the FCandy asset pool can be disposed of some of the assets in the asset pool through community voting after the FCandy holder voting mechanism is activated. Asset disposal methods include but are not limited to auctions, agreement transfers, discount realizations, etc., and the proceeds will be distributed according to the proportion of FCandy assets held by registered users in the FCoin community. (Source: Future Finance) Interesting comment: FCoin’s operation is definitely a great one, I want to kneecap him. When everyone was complaining and attacking the idea of "trading as mining" that doesn't last long and kills 100 enemies but only loses 3,000, FCoin has quickly attracted a large number of loyal users. Now after canceling 80% of the dividends, it has used a simple trick of "locking up and mining" to make users leave before they are disappointed, and it is properly tied to the platform. This trick is simple but powerful, and it feels very smart. According to the announcement, the FCoin platform plans to spend 10% of FCoin’s total revenue (50% of platform revenue) every day to repurchase FT from the secondary market and place it on FCandy. Seems like a bit of a profit~  The currency circle and the chain circle are changing every day. Information means opportunity means to have "information"” Sometimes it means success or failure Every day you just need to open it News, information, quotes, data We organize and divide them for you  |
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