![[강세 토픽] Digital Asset Blockchain Theme, Danal +22.45%, KG Mobility +14.36%](https://image.chosun.com/sitedata/image/202102/22/2021022200641_0.png "[강세 토픽] Digital Asset Blockchain Theme, Danal +22.45%, KG Mobility +14.36%")
Input 2021.02.22 09:25
Theme description
Digital assets are a type of electronic money that is created based on blockchain technology and is traded only in cyberspace. Related stocks are companies that do business related to digital asset exchange, mining parts, and security. When the price of digital assets surges or the transaction volume surges, the stocks belonging to the theme also tend to surge.
After the advent of Bitcoin, interest in blockchain technology increased rapidly, and various altcoins such as Ethereum, Ripple, and EOS also appeared. They supplement the shortcomings of existing Bitcoin and continue to improve technology so that it can be used in real life.
In addition, to provide transparent digital asset investment information, major domestic digital asset exchanges have introduced a digital asset information disclosure service one after another (2019.05.23). Companies that consistently disclose sincerely are given a mark to distinguish that the company has consistently made sincere disclosures, and conversely, penalties such as delisting of the exchange are given in case of unfaithful disclosure. Samsung Electronics also announced that it will install blockchain private key storage function on Galaxy S10 and expand smartphones that support blockchain function (2019.05.13).
The government will invest a total of 1133 billion won for five years from 2021 to 2025 to develop core technology for improving blockchain processing performance and protecting privacy (June 30, 2020). Specifically, the core core technologies of the blockchain are consensus technology, smart contract security technology, distributed identification (DD) based personal information processing and identity management technology, and data management technology that guarantees data sovereignty.
In 2020, the price of bitcoin has risen significantly. According to Upbit, a domestic digital asset exchange, Bitcoin, which was about 8 million won in January 2020, surpassed 21 million won on November 25, the same year, after three years. As a result of synthesizing domestic and foreign media reports and opinions of securities companies, the reasons for the bitcoin rally can be summarized as follows.
First of all, the first reason is that the value of bitcoin has risen relatively as the currency value declines amid the indiscriminate liquidity supply triggered by Corona 19. According to the U.S. Fed, as of September 2020, the size of the broad currency (M2) surged by about 23.4% compared to the beginning of the year to $19.67 trillion (about 2 billion KRW 1164 trillion), a record high. In addition, the news of payment service support for digital assets such as Bitcoin by Paypal, a payment service provider, served as a big boost. Tesla, a U.S. electric car manufacturer, also bought a bitcoin worth $1.5 billion (about 1.6 trillion won). It explained that it plans to accept bitcoin as a payment method for Tesla goods and services in the future (2021.02.08).
In Korea, Danal’s subsidiary Danal Fintech announced that it will launch a service that allows instant payments with bitcoins in the Paycoin (PCI) app launched two years ago (2021.02.17). Regardless of whether the merchant accepts bitcoin payments, Bitcoin holders can immediately switch to Paycoin within the Paycoin app and use it immediately at over 60,000 Paycoin affiliated stores in Korea. Explain that in the future, it plans to expand the service area such as payment of various virtual assets such as Ethereum (ETH) and Ikon (ICX) and subscription to investment products.
Global financial companies such as JP Morgan in the US are also moving faster. JPMorgan launched a digital asset service and started providing banking services to Coinbase, a global exchange. Fidelity launches a Bitcoin fund with permission from the New York Supervisory Authority (NYDFS). Blackrock, the world’s largest asset management company, also announced that it will add bitcoin to its’investment-eligible’ assets and invest in bitcoin futures through its two funds (2021.02.14).
One of the reasons Bitcoin’s interest is rising is that central banks around the world are showing interest in digital currency (CBDC). CBDC is a digital currency issued by the central bank, has the same reliability as legal currency, and has a fixed face value, so it is not highly volatile. The flow of money becomes transparent, so’black money’ disappears, and it is easy to adjust the issuance amount reasonably. The People’s Bank of China, in cooperation with the government of Shenzhen City in Guangdong Province, paid 200 yuan (34,000 won) in digital currency to 50,000 citizens (2020.10.12). The European Central Bank (ECB) also said it was seriously considering issuing digital euros (October 13, 2020). It is known that the Bank of Korea has completed the CBDC-based business (design/requirement definition, implementation technology review) by July 2020, and is pursuing the second-stage project’CBDC business process analysis and external consulting’ (October 7, 2020).
Some analysts say that digital asset prices are expected to rise in the future. SK Securities has diagnosed that concerns over the increase in the stock transfer tax from the Biden government are leading to the inflow of bitcoin funds. Mark Tapper, CEO of Straterzig Wells Partners, who treated bitcoin as speculation, is expected to rise from $40,000 (about 44 million won) to a maximum of $100,000 (about 11 million won) by the end of 2021. Citibank in the US analyzed that it could reach a maximum of $318,000 (about 350 million won) by the end of 2021 due to restrictions on the supply of bitcoin, ease of cross-border mobility, and opaque ownership.
(Last update 2021.02.18)
※ The topics are for informational purposes, not for item recommendation. Investors are responsible for investing in the above items.
Related Events
| event | Fluctuation rate | Item description |
|---|---|---|
| Danal (064260) | +22.45% | Subsidiary Danal Fintech (with 58.91% stake) launched a service that allows you to instantly pay for Paycoin with Bitcoin in the Paycoin app (as of September 30, 2020). Provides self-authentication service to Upbit, a digital asset exchange operated by Doonamu. It holds a 4.33% stake in K Cube 1 Venture Investment Association, which holds a 13.29% stake in Dunamu through its subsidiary Danal Entertainment (92.42% stake). |
| KG Mobility (046440) | +14.36% | Highlighted by the news of providing services such as identity authentication and security to the Kobit Exchange, a domestic cryptocurrency exchange. |
| Galaxy Armor Tree | +12.09% | Provides a service that allows you to exchange (won) and pay with the bitcoin market price at the time of transaction through the bitcoin trading system. |
| Hanwha Investment & Securities (003530) | +4.55% | Own a stake (6.15%) of Dunamu, which operates the digital asset exchange’Upbit’ (as of 202.02.03) |
| SBI Investment (019550) | +3.72% | SBI Holdings, a parent company listed in Japan, operates a cryptocurrency exchange and cryptocurrency fund in Japan. |
| JC Hyun System (033320) | +3.23% | D&DCOM, a subsidiary, is in charge of the domestic distributor of ASRock, a motherboard manufacturer exclusively for Bitcoin mining. |
| Widget (036090) | +3.10% | The largest shareholder (as of June 30, 2020) holding a 24.32% stake in T Scientific (formerly Omnitel), which owns a stake (8.23%) of Bithumb Korea, a cryptocurrency exchange operator. |
| Woori Technology Investment (041190) | +2.72% | Owns a stake (8.03%) of Dunamu, which operates the digital asset exchange’Upbit’ (as of August 14, 2019). |
| Hanil Networks (046110) | +2.34% | Communication equipment and security solution company. Emphasizes on security issues related to blockchain, the original technology of cryptocurrency. |
| M Game (058630) | +1.87% | A small and medium-sized game company famous for the game of’Firm Blood. Bitcoin and altcoin mining company Coinsop, cryptocurrency exchange Payto and cryptocurrency mining and exchange operation, etc. signed a business agreement (MOU) for joint business related to cryptocurrency. As of the end of the fourth quarter of 2019, it has a marketable cryptocurrency of KRW 2155.01 million. |
| TS Investment | +1.14% | It is known that investments were made in the digital asset exchange Doonamu through the fund method in 2020. The specific investment scale is not disclosed. |
| Future Stream Networks (214270) | +1.11% | Signed a strategic business agreement (MOU) to establish a local cryptocurrency exchange in Thailand with Coinone, a domestic cryptocurrency exchange as a Yellow Mobile affiliate. A structure in which FutureStream Networks is in charge of operating and marketing local exchanges, and Coinone provides system construction and know-how. |
| Atineum Investment (021080) | +1.00% | Athenium High Growth Company Investment Association owns a 7% stake (as of December 31, 2019), which operates the cryptocurrency exchange’Upbit’. |
| Bident (121800) | +0.99% | It owns a 10.3% stake in BTC Korea, which operates a cryptocurrency exchange Bithumb (as of June 30, 2020). |
| T Scientific | +0.62% | Cryptocurrency exchange Bithumb owns 8.23% shares and 1.51% shares of BTC Korea.com, the operator of Bithumb (as of June 30, 2020). |
| Enbiogen | +0.56% | BC Holdings, which operates a cryptocurrency exchange Bithumb, owns a 21.9% stake in BT1 (as of December 31, 2019). |
| Cloud Air | +0.55% | 100% stake in Live Fintech, a subsidiary that operates fintech platform development and operation using blockchain, and database and online information provision (as of June 2020). |
| Hanil Vacuum (123840) | +0.49% | Manufacturer of vacuum evaporation equipment used for manufacturing smartphones, optics, and eyeglass lenses. Supplied vacuum deposition coating equipment to domestic mobile phone manufacturers such as Samsung Electronics in the smartphone sector. Holds 4.62% stake in KCX, which aims to operate a cryptocurrency exchange. A 42.65% stake in the Hong Kong blockchain company Open Blockchain Consortium (as of 30 June 2020). |
| IM Tech (226350) | 0.00% | We are conducting an exclusive domestic distribution business of memory chips optimized for blockchain, and signed an MOU for technical cooperation with Paxnet. |
| Paxnet (038160) | 0.00% | It operates Bitfax, a cryptocurrency exchange, and discloses a blockchain platform such as Crosschain. Cross-chain is a system that allows exchange of heterogeneous currencies directly without going through an exchange, allowing exchange of Bitcoin, Ethereum, and Neem, and is continuously expanding exchangeable currencies. In addition, the development of’Sh’, a blockchain based messenger |
| Juyeon Tech (044380) | 0.00% | Developed a PC and mobile version of’Jooyeon Mining Gate’ that can check the status of cryptocurrency mining. |
| McCurs (093520) | -0.34% | A domestic distributor of Xilinx, USA, used as a semiconductor component for mining Bitcoin. |
| Nexon GT (041140) | -0.91% | Nexon’s holding company NXC has established various funds for cryptocurrency investment, and Simple Capital Future, LLC, one of NXC’s investment funds, owns a 20.56% stake in Corbit, a cryptocurrency exchange (as of June 30, 2020). |
| City Labs | -0.99% | A company specializing in intelligent transportation systems. Operates public transportation services such as city transportation and bus information system. It is known that it has undertaken a block chain transaction platform construction project as a new business. |
| IOK(078860) | -1.02% | A comprehensive entertainment company to which Hyunjung Ko, Inseong Jo, and Youngja Lee belong. Bident owns convertible bonds that can be converted to 61,34132 common stocks, and when all are converted to stocks, the ownership ratio is 18.04%. |
| Tanawa (119860) | -1.92% | Operating a specialized site for computer parts and assembly. Mining PC assembly and graphics card sales increase. |
Digital Asset Blockchain Theme Chart
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