News

China Offers Arrangements Against Anonymity for Blockchain Companies

Çin Blockchain Şirketleri İçin Anonimlik Karşıtı Düzenlemeler Sunuyor

China's Cyber Security Center (CAC) has introduced new regulations for blockchain companies operating in the country. Announcement on Thursday, January 10th cyber security center published on website.

According to the CAC, the laws, which will come into force on 15 February, have been developed to contribute to the healthy development of the industry.

According to the document, blockchain companies are defined as providing information and technical support by using ring chaining technologies in companies' websites or mobile applications. As soon as the regulations come into force, their names, domains and server CACThey will have to register.

The instructions are to allow authorities to access stored data and to introduce registry procedures that require an identity card or mobile phone number from their users. blockchain requires to start. In addition, they will have to be checked for the prohibited content and censorship information under current Chinese law.

If a firm does not comply with the regulations, it may be fined 20,000 to 30,000 years ($ 2,900 and $ 4,400, respectively). In case of serial crime, the company may face criminal investigation.

China, the first blockchain, blockchain companies want to eliminate the anonymity for the blockchain companies published their draft.

Meanwhile, the Asian newspaper The South China Morning Post, in April Ethereum (ETH) wrote an anonymous open letter for sexual harassment at the best Chinese university in Beijing. The media establishment believes that the publication of the letter could be a motivation behind the new regulations.

China is currently mainly implementing the law of blockchain in three regions - Beijing, Shanghai and Guangzhou. According to the December report of local finance publication Securities Daily, there is a policy project on 11 blockchains concentrated in these areas.

Meanwhile, the country has been crypto approved a de facto ban on trading; it was completed in February 2018 when the government added international crypto exchanges and ICO websites to the Great Firewall. The decision was approved by the People's Bank of China, the central bank and regulators of the country.

Source: Cointelegraph

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph