Coinbase has just announced that it will become a blockchain securities trading platform regulated by the US government and is currently awaiting approval from the federal authorities. Once approved, Coinbase will be able to provide blockchain securities under the supervision of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Coinbase can do this by acquiring a broker license, an Alternative Trading System License (ATS) and a Registered Investment Advisor (RIA) license. For Coinbase, which currently trades only a small percentage of the largest cryptocurrency, obtaining these licenses may open up new business opportunities for them and allow them to push services to more institutional businesses.
The United States Patent and Trademark Office (USPTO) granted the financial services giant MasterCard a blockchain system patent on June 7, which allows passengers to submit the required itinerary and allows merchants to submit bids for each service request. MasterCard aims to connect travellers with most hotels, airlines and other service providers before booking, making travel worldwide more convenient.
3. Dungeon Keeper II will integrate blockchain reward systemGame publisher Trendy Entertainment is working with startup Signal Zero to integrate blockchain-based rewards and ranking systems with its flagship game Dungeon Keeper II. The company is looking for a way to monetize the game, guaranteeing it while still ensuring that the game is fair to the player.
4. R3 former employee of Blockchain Alliance: R3 will enter a loss stateFormer employees of two blockchain alliances R3 revealed that the company is currently in trouble and may enter a loss before the beginning of next year. R3 launched a plan in 2014 to provide blockchain technology to major banks, and companies such as JPMorgan Chase and Goldman Sachs became the initial members of the blockchain alliance, which enabled the project to be launched quickly.
5. Monex founder: price is determined by buyer and seller rather than algorithmPreston Byrne, founder and chief operating officer of blockchain startup Monex, said in a recent media interview that developers who want to keep cryptocurrency prices ignoring economic common sense in all market-based transactions: price Determined by buyers and sellers rather than algorithms.
â—‡ Bitcoin 1. Putin: Russia can't have its own cryptocurrency but must study how to use it.Russian President Vladimir Putin said at the annual on-site Q&A meeting with the Russian public on June 7 that Russia cannot have its own cryptocurrency because cryptocurrencies transcend national borders. For the so-called cryptocurrency mining, Putin pointed out that Russia did not regulate this, but the attitude is "very cautious." Regarding cryptocurrency as a payment method, Putin pointed out that although experts say that Japan has partially adopted cryptocurrency as payment, it is "not applicable in other countries."
2. Head of the New York Financial Services Authority: At present, we need to do our best to manage the risk of cryptocurrencyNew York's controversial cryptocurrency regulatory framework, BitLicense, has often been criticized by the industry, and industry insiders believe that if regulators in other jurisdictions want to encourage innovation in this emerging field, they should not do so like New York. In response, Maria Vullo, head of the New York Financial Services Authority (NYDFS), said at a panel discussion hosted by the Foreign Affairs Committee (CFR) that this view is naive. Vullo said: "I think regulators absolutely need to enter the field of cryptocurrencies. I know that companies are saying that they are innovative, startups, and need to be left alone in the sandbox without being disturbed. However, young children are in the sandbox. Play, adults may be in accordance with the rules."
3. State-owned power company in Quebec, Canada suspended application through mineAccording to a report released today by Reuters, Hydro-Quebéc, a state-owned power company in Quebec, Canada, temporarily suspended applications for mining through the new cryptocurrency business. Hydro-Quebéc requires the province to limit the energy sold to cryptocurrency mines to 500 megawatts, well below the 17,000 megawatts required by the mines that submitted the application. Hydro-Quebéc also asked the Energy Commission to set pricing standards for cryptocurrency mines to maximize profits. The move is Québec's desire to limit foreign cryptocurrency mining companies to use the country's low-cost energy.
4. Russian Ministry of Finance: cryptocurrency transactions do not meet standard tax practicesAlexey Sazanov, head of the tax and customs policy department of the Russian Ministry of Finance, said in a document prepared last month that cryptocurrency transactions do not comply with standard tax practices and that Russian citizens will have to calculate their own currency tax obligations.
5. Young people in Africa start to love cryptocurrencies due to high inflation ratesMore and more young people in Africa are beginning to understand the hopes that Bitcoin and other cryptocurrencies can bring. Inflation is rampant in Africa, and the currency printed by the central government is basically worthless. The inflation rate in South Africa is 4.5% per month. Ghana is 9.6% monthly and Sudan is a staggering 54%. Many young African professionals have used Bitcoin as their sole means of income or as a supplement to their normal wages. Some people advocate joining the mining pool, while others prefer to buy and sell bitcoin on the exchange.
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