1/27 afternoon briefing: Bitcoin, prohibition of price control, mining

Reporter Park Geun-mo

[거래소 톺아보기] ① What is the difference between staking and deposit?

Major domestic cryptocurrency exchanges have been introducing various deposit and staking products since last year. It is a method of paying interest by entrusting cryptocurrencies like bank deposits. Usually, deposits have a fixed period and the interest rate is flat, while staking is usually a variable rate, and you can freely insert or remove assets.

Bitcoin’double payment’ did not occur

Recently, interest in Bitcoin’Double Spending’ has increased as it is known that two transactions for the same bitcoin have been processed in duplicate on the Bitcoin network. However, in practice, the concept of double payment that we commonly think of did not occur.

Bitcoin, the mining industry sold, the price fell

As bitcoin miners started bringing the largest amount of bitcoin to the market since October 2020, the price of bitcoin on the 26th, in the U.S. perspective, once fell 10%. Institutions are thinking that they will not buy until the biden administration’s stance on bitcoin and cryptocurrency becomes clearer, so there is no market demand to handle the pouring volume.

Rep. Lee Ju-hwan proposes a law to adjust market prices and prohibit insider trading

Rep. Lee Ju-hwan (Ministry of Commerce, Industry and Energy) is part of the’Act on Reporting and Use of Specific Financial Transaction Information (Special Act), which underlines the obligation to compensate virtual asset business operators (VASP) for damages caused by illegal acts such as unfair trade activities. It was announced on the 27th that a representative proposal of the revised law was proposed.

24-year-old cryptocurrency fund manager arrested for $5 million fraud

The U.S. Federal Bureau of Investigation (FBI) arrested Rhode Island cryptocurrency trader Jeremy Spence on the 26th. Spence is accused of stealing $5 million from investors from November 2017 to April 2019 through his cryptocurrency fund “Coin Signals”.

SK C&C and Lambda 256 to develop enterprise blockchain

SK Co., Ltd. C&C and Lambda 256 will develop a blockchain service for enterprises together. With this agreement, the two companies will form a joint task force (TF) to develop a general-purpose blockchain service model for enterprises. Specifically, it plans to introduce ▲Ethereum-based blockchain solution ▲point integration service ▲data tracking service.

Former CEO of Goldman Sachs “If Bitcoin crime increases, government control in earnest”

Lloyd Blank Payne, former CEO of Goldman Sachs, said in an interview with CNBC, a US economic broadcaster on the 25th (local time), “If cryptocurrency crimes such as bitcoin increase, government control will be in full swing.”

Bitcoin white paper posted on the website of the governments of Estonia and Colombia

Balaji Srinivasan, former Chief Technology Officer of Coinbase (CTO), shared the fact that a copy of the Bitcoin white paper was posted on the website of the governments of Estonia and Colombia through Twitter on the 27th. This move is to confront the claims of Craig Wright, the self-proclaimed’founder of Bitcoin’.

Why did this man install an Ethereum miner on a BMW sports car?

On the 26th (local time), a PC gamer, an American game media, introduced the case of Simon Byrne, who installed six RTX 3080s, the latest graphics cards of semiconductor manufacturer Nvidia, in his hybrid car. This mining rig is mounted in the trunk of the car and is powered by the car’s internal battery.

STO Exchange Fin Haven “Reduce the cost of overseas stock investment with blockchain”

Is STO a future that has yet to come? Or is it a fashion from a time? The most distinctive feature of Fin Haven is the first STO exchange that is free from regulatory issues from Canadian financial authorities.

Byeong-Doo Son, Chairman of the Korea Exchange, “Bitcoin derivatives are premature.”

Korea Exchange (KRX) Chairman Son Byung-du said, “It is premature to consider it as an underlying asset for the launch of derivatives in a situation where virtual assets including bitcoin have not been incorporated as institutional assets,” at a New Year press conference held online on the 26th. Revealed.

Short news today

Blockchain Forum, webinar held

Blockchain Forum (CEO Kiheung Kim) will hold a webinar at 8 pm on the 28th.
-Hyung-jin Kim, Chairman of Sejong Telecom: Success Story of Sejong Telecom
-Hyung-Jung Kim, Director of Korea University Cryptocurrency Research Center: Digital Asset Trends and Prospects
-Minsuk Kim, Director of Haachi Labs: Secure Cryptocurrency Wallet Structure

For reports and press releases, [email protected]

.Source