Financial regulators in finance in New York awarded the bitcoin bitcoin ATM operators license

Reprinted from 100 Author: finance field

In January 31st, according to an official twitter news, New York Financial Services Authority has to Cottonwood Vending limited liability company issued a virtual currency license, namely bitcoin license.

Cottonwood Vending is a bitcoin ATM machine operators have terminal in New York city and its surrounding areas. According to this tweet issued this license will be able to further promote the innovation of science and technology of New York financial industry.

Bitcoin ATM machine is a touch screen kiosks, where users can deposit cash, buy bitcoin, can also scan their own mobile wallet, the sale of encryption currency and cash withdrawal, money purchase sales and encryption will be automatically synchronized to the mobile wallet users.

In November 2018, the New York Financial Services Authority awarded the bitcoin license to another BTM operator Coinsource. New York Financial Services Authority said in a press release, the decision was made after a thorough review on the application of Coinsource, and under the company under strict supervision conditions.

In July 2014, the New York Financial Services Authority launched a bitcoin licence, responsible for New York’s first financial services director Benjamin Lawsky. In the encryption currency and block chain, to obtain such a license is a necessary step in the state to carry out business.

Get the license of the company shall comply with the standards of anti money laundering and anti terrorist financing standards. Other requirements include background checks for all employees, transaction records must be kept for 10 years.

In the field of many companies have encryption currency to the New York Financial Services Authority for bitcoin license. In July 2018, the global monetary payment processor BitPay received encrypted bitcoin licence. At that time, BitPay CEO Stephen Pair said:

Of encryption currency enterprises in New York have the most stringent policy, through the approval process to obtain a permit is very important for BitPay. We believe that because New York offers great business opportunities for BitPay, this effort will be rewarded.

Financial regulators in finance in New York awarded the bitcoin bitcoin ATM operators license

1 31 April, according to an official twitter message, DFS has to Cottonwood Vending limited liability company issued a virtual currency license, namely bitcoin license.

Cottonwood Vending is a bitcoin ATM machine operator, has a terminal in the city and its surrounding areas. According to this tweet issued this license will be able to further promote the innovation of science and technology of New York financial industry.

Bitcoin ATM machine is a touch screen kiosks, where users can deposit cash, buy bitcoin, can also scan their own mobile wallet, the sale of encryption currency and cash withdrawal, money purchase sales and encryption will be automatically synchronized to the mobile wallet users.

In November 2018, the New York Financial Services Authority awarded the bitcoin license to another BTM operator Coinsource. New York Financial Services Authority said in a press release, the decision was made after a thorough review on the application of Coinsource, and under the company under strict supervision conditions.

In July 2014, the New York Financial Services Authority launched a bitcoin licence, responsible for New York’s first financial services director Benjamin Lawsky. In the encryption currency and block chain, to obtain such a license is a necessary step in the state to carry out business.

Get the license of the company shall comply with the standards of anti money laundering and anti terrorist financing standards. Other requirements include background checks for all employees, transaction records must be kept for 10 years.

In the field of many companies have encryption currency to the New York Financial Services Authority for bitcoin license. In July 2018, the global monetary payment processor BitPay received encrypted bitcoin licence. At that time, BitPay CEO Stephen Pair said:

Of encryption currency enterprises in New York have the most stringent policy, through the approval process to obtain a permit is very important for BitPay. We believe that because New York offers great business opportunities for BitPay, this effort will be rewarded.

Bit, new business: cloud computing can Quxianjiuguo?

 Bit, new business: cloud computing can Quxianjiuguo?

Compared with the peak period, the bit, valuation has shrunk by nearly 40%.

The Hurun Research Institute released in November last year at the beginning of the third quarter “2018 Hurun China Unicorn index” shows that the bit, because the first half of good performance, financing, listing application submitted a series of actions, the valuation of up to 80 billion yuan.

Since then, the currency market has experienced a slump, serious impact on the continent bit machine sales.

As of the end of December last year, a bit of the estimation, the Hurun Research Institute for 50 billion yuan, compared with the peak dropped 37.5%.

Clear inventory, layoffs, removed mine line of business, is a bit, to survive the current.

But in order to maintain their power of discourse, bit, mine may not retreat across the board, but installed on the cloud computing force of the crust to survive.

Recently, cloud computing platform BitDeer surfaced. It claims to have thousands of P, with tens of thousands of new generation ant mining machine.

Some industry analysts believe that, do bit cloud computing power, compared with the direct selling machine and BCH, may be a wise choice for insurance.

Continue to clear inventory

Half a year ago, that there are many people in the industry, to find a bit from managed inventory and its message. Up to now, “clear inventory has not ended.

Recently, the daily planet Odaily from the miners Jiang Lin was informed, two bits are cleaning up the mine clearing machine more than 10 thousand units, and in June last year, just listed S9i, S9j mills.

“Basic is dug several months later when selling second-hand machines.” Lin Jiang said.

At present, the S9j market is the official power in 14.5T, with a capacity of nearly 2000 yuan, while the second-hand price low to 1200 yuan.

For this new machine depreciation intends to sell the practice, Jiang Lin said, “this is mainly because of the implementation of the new machine, price protection strategy. It wants to sell at a low price but not drop so low, it will give other buyers, the impact of other manufacturers. So I used this “depreciation””.

“This reflects the bit, medium-term trend pessimistic in the short term, the hardware inventory to sell a good price, so what have clearance to return the funds.” A bit, and had informed contact told the daily planet Odaily.

Bit, clear inventory, in addition to its depreciation sold, there are more ways to curve cloud computing power.

The cloud is self-help, BitDeer surfaced

At the end of December, contact and bit, mine owners told the daily planet Odaily million high dragon, doing a bit, called BitDeer (bit fawn) company, which is a cloud computing company.

In January 23rd, the media pointed out, or are bit BitDeer through self-help, signs and lists the BitDeer or attributable to the continent bit.

If all the BitDeer is using the ant series machine, according to the official website describes BitDeer platform is more than 1000 P, which is equipped with at least 40 thousand Taiwan ant mining machine, and many of them are the latest generation of ant mining machine, less the amount of circulation on the market.

Secondly, the BitDeer connection pool is BTC.com and ANTpool, the mainland’s products are bit shop advertising BitDeer.

This rumor has brought a lot of attention to BitDeer.

Worth pondering is the attitude of both parties, the first is not self marketing BitDeer revive.

In January 26th, 3 days after it was rumored Ethereum World fermentation, News sent an article called “BitDeer 1 million 200 thousand” user access to enormous growth in the article, and said this is the web published articles, of course, the main gold should be BitDeer.

The paper said: “traffic BitDeer.com traffic over 1 million 200 thousand, more than 50 thousand users daily living; platform has come from 165 countries worldwide customers; repeat purchase rate is 71% and so on.”

But on the other side of the bit, in the post fermentation has not denied the rumors. The rumor is not Weakness lends wings to rumours.

Don’t sell the 7Nm machine into cloud computing?

Why, to do a bit of cloud computing products at this time?

Some people think Cao Jiaming is responsible for the cloud computing platform, which is an attempt to adapt to the situation. When the bull market, it is mainly for sale B end mill; bear mill slow-moving, it dug, but the total return of the long cycle, money is tight, the need for a large company continued development and production of machine, this business is not sexy”. Therefore, the mines shut down, selling bits, selling the machine shut down.

The end of last month, the daily planet Odaily from sources close to the bit, that bit, has been going to the first half of 2018 revenue accounted for 5% of the sum of all the cut mining business, “the most left 10 people, to do some light asset management”.

Now it seems, BitDeer is one of the products or adjustment.

A lot of people to the daily planet Odaily mining has said, cloud computing is to make money. “Cloud computing is to sell sell power + + machine operation and maintenance services are packaged together several links open, plus retail selling, there is a lot of space charges. Use fee, calculate force electricity, operation and maintenance costs, a wave of fertilizer.” Wan Gaolong said.

In addition, BitDeer bit profitable, maybe there was helpless in the.

Observation of 16 numerical display force contract BitDeer website can be found, which used 8 contract machine model for the latest generation of mills, bit S15/T15.

Both mills at 11 8 April on sale, but the currency market fell sharply on 11 in mid March, both equipped with the most advanced 7Nm chip of the machine because the price is no advantage, naturally nowhere to be eliminated.

According to insiders, like 2 S9 together, and S9 in the price of 1000 yuan (second-hand) to 2000 yuan (a), who would buy a new machine for $7000?

7000 yuan S15, compared with the price of 11600 yuan was sold, has dropped by about 40%.

Even so, in the winter still did not need to competitiveness. Even if S9j like depreciation is also difficult to sell. Wan Gaolong told the daily planet Odaily, the market basically no second-hand S15.

Since selling, it can only dig ourselves. But such a high cost of the machine, according to BTC.COM data, and unchanged in the whole network difficulty price remained at 0.35 yuan under the condition of the return cycle remains to be 1 years and 4 months. But if it is packaged into cloud computing power, can be realized immediately.

An analysis of the industry said, this can put bit heavy asset costs out, cash flow, and can be maintained on the force of the right to speak, can shoot two hawks with one arrow.

BitDeer business?

This is one of the BitDeer on-line contract.

 Bit, new business: cloud computing can Quxianjiuguo?

 Bit, new business: cloud computing can Quxianjiuguo?

BitDeer is a force of contract details

In simple terms, the user purchase is required to pay the contract, its use and maintenance costs, which include electricity, machine maintenance and other costs of maintenance fees; its use fee is required to pay a one-time, and no refund, maintenance costs (mainly electricity) in the contract process should not be adjusted.

The brand promotion, blessing and bit machine, mine pool, BitDeer has a natural convenience for passenger when. After the last year on the line at the beginning of December, BitDeer is once in short supply contracts.

Cao Damien is itself a miner, he carefully calculated the BitDeer force contract price. “Just on the line, if you buy a BitDeer for a period of 30 days of contract, because the whole network difficulty intermediate bitcoin only change twice, the risk is controllable, can easily calculate the price.”

To 12 in mid March, the price of bitcoin compared to 12 at the beginning of the month rose 27%, but the BitDeer price has not changed, so compared to their mining, buy BitDeer is more cost-effective. So a lot of people go to the BitDeer arbitrage.

Cao Jiaming smiled and said: “because each account is limited to purchase, so we bought 20 accounts, how much we can buy T buy much.”

“(bit), the people themselves are rushing to buy.” A contact BitDeer insider told the daily planet Odaily.

But people often say like mine in the circle, “the arena did not It is without rhyme or reason. love”. Soon, the number of affordable BitDeer contract a “sold out”, after the contract price.

“I think the following should sell is not particularly good.” Cao Jiaming believes. “Behind the contract minimum 60 days from the sale (currently on the BitDeer contract period from 60 days to 480 days), more than the investment income ratio is difficult to calculate, currency price, price of this intermediate variables is not small ah”.

“Especially more than 90 days after the contract, the home into the wet season, to sign now maintenance costs (mainly electricity) rent BitDeer is obviously not suitable.” Miner Kong Yang said.

Coyeah and BitDeer are recently to negotiate the sales staff, the other promised to give him no discount on the official website.

Don’t buy more than 90 day contract, this is the bottom line of Kong Yang. In addition, he calculated that, even to get a discount, but 90 days after the deduction of the cost investment down, the net income is equivalent to 14-15 days of mine digging, this period also increased the difficulty of risk.

This risk let coyeah hesitate repeatedly.

The new year is coming, just in the years after.” Finally, Kong Yang decided that.

(the Zhongjiang forest, Wan Gaolong, Cao Jiaming, Kong Yangjun is a pseudonym)

Another “oil money”? Iran launched a gold backed currency Peyman encryption

According to CCN reports, Iran launched a crypto currency backed by gold Peyman, the Parsian Ban, Bank encryption currency from Pasargad Bank, Melli Iran and Bank Mellat four banks and Ghoghnoos company to launch the Iran stock exchange, Fala (Fara Bourse) is also expected to support the new crypto currency. The director of Ghoghnoos said, Peyman will be used to mark the bank assets and excess assets, can play the role of token purse, will seek to extend this technology to accelerate the pace of business bank.

Last year, after the confirmation of Iran encryption currency as solutions of sanctions, to plan a encryption scheme. In the second batch of sanctions in November last year after the entry into force, Iran’s central bank governor Abdolnasser Hemmtai announced, SWIFT has begun to implement alternative. After more than a week, Iran and Russia signed a cooperation agreement to block chain. Russian Industry Association and the association of chain block encryption (RACIB) signed a cooperation agreement with the Iran block chain laboratory, will be responsible for the introduction of digital technology in the country’s economy. RACIB President Yury Pripachkin said that the cooperation will be through consulting services to help Iran create a sustainable mechanism for the use of national digital currency.

It is reported that the first phase launched in the country to support the encryption of currency, commercial banks and other institutions only to enter. Only in the two stage, the currency used to encrypt. Iran did not support the national idea of using encryption currency to receive payment or payment for import export first. But the move is likely to bring Iran into a block chain based international payment system.

On January 30th, Iran and Switzerland, are South Africa, France, Britain, Russia, Austria, Germany and Bosnia in eight countries in financial transactions using encryption currency negotiations. Iran Trade Promotion Organization (TPO) acting chairman Mohammad-Reza Modoudi said that Iran has the ability to attract foreign investors to enter the country.

According to reports, the Central Bank of Iran on January 28th announced on its official website cryptocurrencies regulatory framework “0 edition”, its purpose is to organize and define the boundaries of the country’s ongoing encryption services. Presumably, the central bank approved and authorized the partial encryption currency, including bitcoin, Iran upcoming sovereign currency the central bank currency encryption encryption, encryption and currency area. It also authorized ICOs, token, encryption currency wallet, encryption currency trading, mining and utilization process computing capacity to generate encryption currency. Iran’s central bank regulatory framework once implemented, will cancel the package ban last April, the ban on all financial institutions dealing with encryption currency, to prevent further capital flight in the case of devaluation.

Not so long ago, the Central Bank of Iran monetary and banking institute director Ali Divandari also eighth electronic banking and payment system at the annual meeting of the Iran counter will avoid sanctions by the block chain and encryption currency report. Divandari believes that the commercial and financial transactions in Iran is too heavy, not through a new technology block chain processing. Block chain technology lacks the ability to avoid sanctions, like this proposal is not mature and far fetched.

The current exchange rate showed that 1 of Iran’s currency, at present the equivalent of $0.000024. That is to say if you need to buy a $4 cup of coffee, need to pay nearly 140 thousand rials. And the same was also sanctions against Venezuela, in order to solve the problem of inflation, the government of Iran seems to be a solution of offbeat crypto currency crisis.

But since the Venezuelan oil currency in recent years, the problem of inflation does not seem to be a good solution. The central bank may not support encryption currency really sense to the center of the encryption currency, how Peyman good circulation and transaction can bring into the international market, is the problem. Iran is trying to avoid sanctions through Peyman, the prospect seems not optimistic.

I am Odaily reporter for the daily planet of prosperity (micro signal wsuixin12), plus friends please note Name, unit, position and reason.

Encryption market once again fell, bitcoin fell to $3440, XRP fell more than 2%

The encryption of the currency market, yesterday is a very exciting day, appear rebound, because many of the encryption currency to rise sharply, make up some losses, but the recent upward trend, this did not last long, just today, encryption currency market appeared again fell.

In this regard, many analysts believe, if bitcoin is able to maintain the $3400 to $3500, then the encryption of money market in the near future is likely to rise further.

Bitcoin fell below $3550 at the beginning of the week, at $3400 in the region to find support, which makes many analysts by surprise, they were expected to bitcoin in the recent lows of $3200.

Bitcoin in hit $3400, the price rebounded slightly, close to the current price level of about $3450. Although bitcoin is currently unable to break through $3500, but many analysts expected, with bitcoin fluctuation between $3400 to $3500, or a crypto currency will rise.

The popular encryption currency analyst Luke Martin spoke at a recent tweets in his views on the recent development of the market, he pointed out that as long as bitcoin can be stable at more than $3430, crypto currency will rebound.

However, Luke Martin said today that bitcoin trend chart currently looks is not optimistic, from the trend, bitcoin may have dropped below $3430.

Encryption currency market fell, Ripple (XRP) fell 2%

Yesterday a crypto currency rebound, bitcoin prices, many encryption currency prices also rose by 4% or more, but today with about bitcoin fell to $3440, also have a crypto currency fell, one of the most serious is XRP XRP, the current price is $0.311, down 2% compared with yesterday.

Bitcoin cash yesterday also appeared good prices, but also fell 1.6% today, the current price of $118.

Ethereum prices fell 1%, to the current $107.4. Ethereum currently has nearly $118 from a week high fell sharply.

VanEck re submitted to the U.S. SEC bitcoin ETF application

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According to CCN news, the CBOE (CBOE) and VanEck re submit their bitcoin Trading Fund (ETF) application, but to the end of the year through the application can still unknown.

1 month 31 day, VanEck announced to the U.S. Securities and Exchange Commission (SEC) submitted a new draft of the bitcoin application ETF.

1 the end of the month, the U.S. government closed, lack of SEC staff to discuss bitcoin ETF approval application prospects, VanEck has been revoked.

A man in Florida to sell bitcoin to undercover police officers face felony charges

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According to CCN news, this is an entrapment case, a Florida man Espinoza from the sale of bitcoin to undercover police officers face a jury trial.

It is reported that Espinoza did not cause any trouble and Shanghai, just to help others to buy bitcoin. This Wednesday, the court ruled that, according to the Florida state financial regulations, “Espinoza bitcoin business requirements he registered as means of payment and the remittance seller”, and added, “he is not only my personal sales bitcoin, also operates business.” Now, Espinoza will face serious felony charges of money laundering, as well as a business without a license “monetary service company.

At present, the Espinoza trial date has not yet been determined.

South Korea was founded in Seoul block chain management team, explore the block chain in the administrative service advantages

According to Yonhap reported that South Korea in Seoul this month 15 days to set up a “Seoul block chain management team”, explore the block chain in the administrative service advantages. The group from 21 to 77 years old students, entrepreneurs, business representatives and other mixed composition of 100 kinds of occupation of the people.

The application potential of the team members are on the block chain in various government services, including online voting system. Specifically, the Working Group intends to deal with comprehensive management, digital document verification and automatic subcontract payment system, they will participate in the pilot services to the online voting system and second-hand car trading to block chain technology as the foundation and puts forward advice.

Group meeting regularly every year in the second half of each held once, until December 2020.

On January 31st news, South Korea will continue to maintain ICO ban to prevent speculative overheating phenomenon happening again, and cause damage to investors. South Korea’s Financial Supervision Institute (FSS) released the survey results for the ICO, from November to September 2018 during the 24 ICO projects at home and abroad (including 2 ICO project interruption) investigation. According to the results of the survey:

1. ICO by the amount of money raised about 5664 billion won (Odaily note: the daily planet about RMB 34.17 billion yuan), the average fund size of 330 billion won (Odaily note: the daily planet about RMB 1.99 billion yuan);

Although the government banned 2. ICO, but the domestic enterprises by setting up a company in Singapore and other overseas countries, promotion and development in South Korea, and ICO;

3. ICO white paper and other materials are usually used in Korean project preparation, the vast majority of funds raised from investors in South korea;

4. ICO project did not do for the development of team information, financial statements and disclosure of company business, there are exaggerated, false propaganda and other issues.

After the news, a crypto currency consulting firm One Alpha report shows that 2017 years in the three quarter, only two ICO of South Korea, but the amount of ICO in the four quarter of the project increased to 10. The three quarter of 2018, the number of South Korean block chain industry ICO were 13, 26, 42. In the amount of financing, 2017 2 and 3 quarter, South Korea block chain project financing amounted to approximately 2100 million. Big bull market in 2017 market, only in the last quarter, South Korea via the ICO project into 3.168 billion dollars. 2018, South Korea 100 total new block chain project started, raise 8.985 billion dollars.

I am Odaily reporter for the daily planet of prosperity (micro signal wsuixin12), plus friends please note Name, unit, position and reason.

Through a new prospectus, see 5 big worries about bitcoin mining machine manufacturers Ebang listed

In 2018, three Chinese machine manufacturers have bitcoin network 90% forces have to submit the listing application. Among them,

1, Jia Nan Yun Chi of the Prospectus has expired, is expected to give up to Hong Kong stocks, stocks;

A maximum of 2 bits, the mainland market share (by 2017 sold is power, about 70%), the prospectus will expire at the end of March 2019;

Minimum 3, billion state market share (in 2017 sold is force calculation, about 10%), which in the prospectus will soon expire at the end of December 2018, to the Hong Kong stock exchange to submit a prospectus.

From the state of new disclosure in the prospectus, we can catch a glimpse of the “little giant machine” in the coin circle in the first half of 2018 Niuxiong switching experienced what worries, and it landed in the capital market:

A, 99% operating income from its sales, and it is with sharp fluctuations in the price of bitcoin is closely related

Three, the decrease in gross profit, net profit growth than in 2017 cut

Four, inventory turnover days increased, net operating cycle

By turning the net cash flow of five business activities, negative cash dropped

Six, to increase their reliance on overseas business

In these problems, the most concern is the first half of 2018, e-bon operating cash flow amount from positive to negative, which is mainly due to its existing orders and based on optimistic expectations of bitcoin market and purchasing large quantities of inventory, but since 2018, bitcoin prices fell more than 80%, a sudden turn for the worse. The vehicle inventory backlog facing ebang. So the market under the billion state financial performance can be sustained? The valuation can steady growth?

Table: some financial data of the Ebang (monetary unit: 100 million yuan)

Source: zero one financial Binary according to the Ebang prospectus finishing (Note: the figures in brackets is negative)

A, 99% of its revenues from its sales, and it is with sharp fluctuations in the price of bitcoin is closely related

The first half of 2018, bitcoin mining machine sales accounted for Ebang total income by 99%, 2015, 2016, in 2017 this figure is respectively 31.7%, 42.8%, 94.6%. Because the original main products can not keep up with the development of 5G era, and the 2017 bitcoin bitcoin market rose to promote its demand, the communication service provider has been completely transformed into bitcoin mining machine manufacturers.

Bitcoin mining machines sales and the price of bitcoin is closely related. 2018, bitcoin prices from $17527 was a sudden turn for the worse, fell to $3276, market capitalization from 2900 billion dollars fell to 570 billion dollars, or both exceeded 80%. The state’s main business income or under the impact, especially in the first half of 2018 due to bullish on the market and the state purchased a large number of inventories.

Second, the decrease in gross profit, net profit growth than the 2017 cut

The first half of 2018, e-bon block chain business gross margin of 53.8% compared to the same period in 2017 39.7% has increased dramatically, this is mainly because the Ebang to launch the new E10 and E9.3 mills wing bit is due to higher average selling price higher. But the sustainability of this situation is one of the reasons for doubt, E10 has been discontinued. According to Binary, the zero one financial information, E10 involved in a lawsuit, in this case, the plaintiff believes that the E10 quality problems. At present we can not determine whether the sale is related to the lawsuit.

It is worth mentioning that, although the first half of 2018, the billion net profit of more than 900 million, but were higher than the growth rate in 2017 fell by half, this is mainly because 2017 is the first year of the state from the communication equipment service providers to profit more bitcoin mining machine manufacturers, and 2017 is the bitcoin bull market, in 2018 this growth will be difficult to continue. If investors for billion state by PE method of valuation, the valuation will be of little impact in 2018.

Yibang new prospectus revealed some of the first half of 2018 after the situation: Although the second quarter customer purchase orders have been identified and its average monthly contract value increased slightly, but Since the third quarter of 2018, the new contract amount recorded monthly Ebang fell sharply, which ended with the 3 quarter of June 30, 2018 revenue and gross margin compared to the first 3 quarters of 2018 revenue and gross profit fell.

Three, inventory turnover days increased, net operating cycle

From 2017 to the first half of 2018,

1, because the first half of 2018, most of the revenue from the full payment or delivery of the product before its customers to settle the remaining funds it, and the corresponding revenue increased significantly, e-bon accounts receivable turnover days reduced from 41 days to 28 days;

2, because the main part of the cost of sales in the first half of the wafer (core raw material procurement is bitcoin miner) down payment (not payable), accounts payable turnover days from 52 days to 49 days;

3, due to some new and existing delivery vehicle, outsourcing of WIP and materials increased sharply, inventory turnover days from 142 days to 151 days.

In summary, the net operating cycle (inventory turnover days + accounts receivable turnover days – accounts payable turnover rose slightly in 1 to 131 days). This is not an exaggeration, but it is worth noting that the state 72.4% in the first half of 2018 accounts receivable from the top five customers in 2017, this figure was only 10.3%, it is also the accounts receivable concentration increased significantly. In the first half of 2018, the state has accrued 4220 million in accounts receivable impairment, if the top 5 clients can not timely payment of money it will have to Ebang, e-bon accrued more accounts receivable impairment. In addition, The first half of 2018, the state inventory is greater in absolute value, the net cash flow from operating activities from positive to negative factor.

By turning the net cash flow of four business activities, negative cash dropped

The first half of 2018, from positive to negative Ebang net operating cash flow (from 840 million to 530 million, the balance of the shortage of cash and cash equivalents) net of -7.1 million, compared to 810 million in 2017.

Cash flow from operating activities of the amount of turn is probably the biggest problem Ebang new prospectus revealed. The biggest cause of this problem is the rise in inventory. The first half of 2018, a large number of orders have been received Ebang mills and several new models and its expected order of outsourcing (WIP testing, packaging and assembling machine manufacturer with secondary circuit) and raw material inventory increased 1 billion 50 million yuan. On the part of the inventory, according to the state a new prospectus to the manufacturer, Ebang wafer pre paid the full payment, only partial orders can be only 30% in advance, although Ebang has this part of the inventory included in cost of sales, but has not yet received inband result from their sale of cash.

However, the first half of Ebang cash flow significantly reduced not isolated cases of industry. Bit, in cash and cash equivalents in this period, the net increase is reduced from 2 billion to 70 million.

Five, to increase their reliance on overseas business

Finally, it is worth mentioning that in 2017 overseas business income Ebang total revenue ratio is 3.8%, the first half of 2018 increased to 8.6%, while the number of its competitors, bit far (first half of 2018 62.8%), compared to the billion state itself, has received nearly doubled.

The degree of internationalization means that the increase in overseas sales to increase ebang. This makes the operation more risk Yibang from overseas. In addition, overseas business may also increase the cost of sales ebang. According to the new prospectus Ebang, from overseas sales increase, because the sales for the travel and Ebang transportation costs to expand overseas business travel frequently take the increase of the first half of 2018, the state sales expenses increased by 38.5% compared to the same period in 2017, to 7 million 400 thousand yuan.

The daily planet | can be used for Ethernet network G o RLI deployment testing workshop Ethereum 2 release; Iran launched by the gold backed currency “Peyman encryption”

The headlines

Ethernet network G o RLI square test has been released, will be used for the deployment of Ethereum 2.0

1 June 31, Ethernet Fang development team launched a new test network G o RLI, will be used for the deployment of Ethereum 2.0. Parity Ethereum client manager, developer Afri Schoedon released, G o RLI test network’s vision is to build applications to allow developers to test network in reliable and high performance. (CoinDesk)

CBOE VanEck-SolidX bitcoin ETF to re submit the proposal

In January 30th, CBOE re submit joint proposal with VanEck and SolidX. VanEck digital asset director Gabor Gurbacs said that if the proposal is approved by SEC, Cboe BZX VanEck SolidX will be listed on the stock exchange bitcoin trust fund. At present, the proposal was not published in the Federal Register, which means that the SEC has yet to make a decision. Once the proposal announced, SEC will have a maximum of 240 days to decide whether to approve or reject the proposal. (CoinDesk

Media: Iran launched by the gold backed currency “Peyman encryption”

Iran launched a crypto currency backed by gold Peyman, the Parsian Ban, Bank encryption currency from Pasargad Bank, Melli Iran and Bank Mellat four banks and Ghoghnoos company to launch the Iran stock exchange, Fala (Fara Bourse) is also expected to support the new crypto currency. The director of Ghoghnoos said, Peyman will be used to mark the bank assets and excess assets, can play the role of token purse, will seek to extend this technology to accelerate the pace of business bank. (CCN)

Digital currency

PeckShield:EOS EOS.WIN was a guessing game transaction blocking attacks

Today (1 31) between 16:15 and 16:32, PeckShield security shield wind control platform DAppShield to monitor the EOS guessing games EOS.WIN hacker attacks. Security personnel tracking chain data found that hackers using the transaction blocking attack (CVE-2019-6199), the attack by the floatingsnow Gang again. Previously, EOS.WIN was similarly attacked, the problem still exists.

The NASDAQ announced the encrypted transaction review procedures to combat money laundering and market manipulation

The NASDAQ (Nasdaq) announced bitcoin transaction review procedures, hoping to use its proprietary monitoring tools for combating money laundering, trading and other forms of market manipulation. It is reported that the NASDAQ has a 20 member of the team, due diligence to make use of the bitcoin exchange transaction monitoring technology. According to earlier news, SBI Virtual and Currency Gemini, and other unnamed platform, has passed the review process. Previously, the NASDAQ is currently working with 7 encryption currency exchange cooperation. (Bitcoinist)

B2C2 won the UK financial conduct authority (FCA) issued by the CFD regulatory licenses

In January 31st, the British currency’s B2C2 encryption announced that its subsidiary B2C2 OTC has obtained the UK financial conduct authority (FCA) issued by the CFD (CFD) it is reported that this is the regulatory license, British regulators first authorized the company provided encryption CFDs currency support. (Finance Magnates)

Monex released Q2 2018 to Q4 consolidated earnings: encryption currency business appear 1 billion 100 million yen deficit

In January 31st, Monex group released during April 2018 to December consolidated earnings, net profit over the previous year decreased by 42% over the same period, to 2 billion 600 million yen. A wholly owned subsidiary of Coincheck began in October last year to resume business, but this part of the encrypted currency business appear 1 billion 100 million yen ($10 million) loss. (Nikkei)

NEM will plan layoffs, and seek $7 million 500 thousand in emergency funding to prevent bankruptcy

The NEM foundation is a non-profit organization funded by the community, to promote the development of the NEM block chain. In the budget cuts and the upcoming restructuring, the foundation plans to 150 staff layoffs. In addition, the NEM foundation is seeking $7 million 500 thousand in emergency funding to avoid bankruptcy. (CoinDesk)

Block chain industry

Singapore Nanyang Technology University in cooperation with the micro public bank, use block chain technology to meet the needs of financial services

In January 31st, Singapore Nanyang Technology University and co-founder of the Singapore Public Bank micro financial technology joint research center was formally established, research center will be micro public bank financial services scene experience as the basis, combined with the professional knowledge of Nanyang Technology University of Singapore in data mining, behavioral finance, machine learning, networking, block chain and other multi-disciplinary research and utilization deep understanding and technology diversification, meet user personalized demand in financial services. (Beijing)

University of California at Berkeley launched the blockchain accelerator, support block chain startups

University of California at Berkeley recently announced, has launched a block chain focusing accelerator, called Berkeley block chain Xcelerator. This is a new accelerator by University of California at Berkeley (Berkeley) college Sutardja entrepreneurship and blockchain technology center and Haas jointly launched, to provide resources for early stage block chain project, and combine it with industry experts. Project participants will have the opportunity to contact the identity Berkeley mentor and advisor of the huge entrepreneurs, investors and others in the network. (ETHNews)

South Korea was established in Seoul blockchain administrative services management group

South Korea Seoul Seoul blockchain administrative services management group established in 15 this month, the group from 21 to 77 years old students, entrepreneurs, business representatives and other mixed composition of 100 kinds of occupation of the people. They will participate in the pilot services to the online voting system and second-hand car trading to block chain technology as the foundation and puts forward advice. Group meetings regularly every year in the second half of each held once, until December 2020. (Korean economy)

Merck patented method of supply chain security chain technology based on block

Headquartered in Germany, the pharmaceutical company Merck group (Merck Group) was a study based on artificial intelligence and block chain technology “encryption object” patent technology, can be used to ensure the safety of the drug supply chain. It is reported that the patent system by using a machine learning technique called “fingerprint identifier” will be linked to the physical object block chain. Merck chief strategy officer Isabel Paoli said: “now the Merck Co De pioneered the development of block chain technology, with focus on the physical objects and digital security. This will all affect the authenticity of the reliable products industry, such as pharmaceutical and food industry supply chain security.” (Pharmaceutical-technology)

Chongqing Yuzhong District food and drug supervision power chain block

Led by the Chongqing municipal government of Yuzhong District, Chongqing City, Yuzhong District food and Drug Administration officially announced a partnership with the prime chain network, will help Chongqing city Yuzhong District food and drug administration to strengthen the quality supervision of food and drug, use block chain techniques to trace the product life cycle and make traceability work. (people.com.cn)

Zhejiang Taizhou Finance Bureau using the block chain technology to promote electronic bill reform

Recently, Taizhou Province Bureau of Finance electronic bill management platform construction project bid, the Taizhou Municipal Bureau of finance integration of the latest technology, in the application notes bold exploration block chain storage, based on the characteristics of the blockchain tamper proof, provide decision basis for related business management and financial supervision, and optimize the performance management.

Global policy

The Korea financial supervisory service: ICO project investment risk is very high, the ban should continue

1 31, the Korea financial supervisory service (FSS) released the survey results for the ICO. During the November in September 2018 of 24 domestic and foreign ICO project (of which 2 ICO project interruption) investigation. The South Korean government believes that ICO should continue to maintain the ban, to prevent speculative overheating phenomenon happening again, and cause damage to investors. The survey results showed that: 1. through ICO financing scale of about 566 billion 400 million won (Note: Odaily daily planet about 3 billion 417 million yuan), the average fund size of 33 billion won (Note: Odaily daily planet about 199 million yuan); 2. despite a government ban on ICO, but the domestic enterprises by setting up a company in Singapore and other overseas countries, are promotion and development in South Korea, and ICO; 3. ICO white paper and other materials are usually used in Korean project preparation, the vast majority of funds raised from investors in South Korea; 4. ICO project did not do for the development of team information, financial statements and disclosure of company business, there are exaggerated, false propaganda and other issues.

Figure – voice

Mayor of Hunan city of Loudi Province: To explore new ways of using the construction technology of antimony metal exchange chain block

Hunan Province in the period of NPC and CPPCC, National People’s Congress of Hunan Province, deputy secretary of Loudi Municipal Committee, mayor Yang Yiwen said that the key support retained involving private antimony enterprises continue to accelerate the integration and restructuring, enterprises, production process of intensive industrial clusters, and explore new ways of using building block chain technology of antimony metal exchange, to build Lengshuijiang city “antimony are the flagship”. (net)

Hangzhou Internet court president Du Qian: the establishment of national judicial block chain alliance

Hangzhou court Du said the Internet, the Internet technology change rapidly, facing the hitherto unknown challenge of justice. Suggestions on the introduction of electronic evidence law, the establishment of a national judicial block chain alliance, fundamentally curb network intellectual property infringement. Suggestions on the integration of a platform, a unified standard in the country, and to encourage more institutions to join, the governance of social governance idea sharing to reduce violations, promote social integrity. (CPPCC News)

Yanan mayor Xue Zhanhai: promoting the development of emerging technology industry chain service block

In the fifth Yanan Municipal People’s Congress on the fourth conference, Yanan mayor Xue Zhanhai in the government work report, to develop the electronic commerce, financial leasing, energy saving and environmental protection, research and design, block chain technology and other emerging service industry, promote the production of services extending the value chain, change the life of service to high-quality. (Yanan’s network)

Guangzhou Daily: blockchain technology will provide digital infrastructure for the society

Guangzhou daily issued a document that combines block chain and patent can focus on simplifying the patent application process in the data management and optimize business collaboration. From the back end of the business process perspective, the patent relates to multi stakeholder, the approval process is relatively long, the application block chain technology can reduce the flow of information island in gathering data under the premise of the parties, to improve the efficiency of government services. Block chain technology will provide a digital infrastructure for the society, prompting more people to focus on doing a craftsman, prompting more “small is beautiful” high-tech companies emerge. Diversity is the source of happiness, distributed business may make society more fair and beautiful.

Mark Zuckerberg on the block chain: believe the devolution of power to the hands of individuals

In answer to the problem of privacy and the blockchain RBC Capital Markets analyst Mark Mahaney, Facebook chairman and CEO Mark Zuckerberg said, “I really believe the devolution of power to the hands of individuals. One way we talk to the center of the independent encryption and message passing, and indeed that this profound. I think people are becoming more and more widely understood this, which is why such things like encryption become so attractive to people.” (Investor.fb)

Morgan Creek founder Anthony Pompliano: bitcoin will cost $2500 to $5000.

Morgan Creek Digital Asset founder Anthony Pompliano said in an interview, the future of every stock and commodity will be digital encryption currency form the basis of a new financial order, finally solve the problem of inequality of wealth. He predicted that in 2018 the winter will continue until the encryption, bitcoin fell below $3000, Pompliano said he did not know how much to the end of 2019 the price of bitcoin, but he thinks it is not zero, he has confidence in bitcoin prices in the $2500 to $5000. He also believes that 2018 years of institutional investors are working behind the scenes, 2018 years to complete the work will not be reflected in the price of 2019, but in 2020 years, 2021 years, 2022 years out. (Dailyhodl)

Ethernet Fang co-founder Joseph Lubin: encryption industry is entering the new breakthrough in the field again

Ethernet workshop co-founder Joseph Lubin said recently, encryption since about 10 years ago the market since its establishment, has experienced a lot of prosperity and correction”. But now with the new consumer, technicians and entrepreneurs to enter the field of encryption, once again “industry is entering a new breakthrough in the field”. (Bitcoin Exchange Guide)

Economist Alex Kr u ger encryption: three factors to enlarge the price trend of bitcoin

In January 31st, the economist Alex Kr u ger encryption on twitter said, bitcoin will rise or fall, resulting in two trends. But these trends are amplified three factors: 1. most of the demand is speculative; 2. the relative supply and demand, poor liquidity; 3. production price is adjusted with changes of stress, and stress will follow the price change (not at the bottom of the support price)

Institutional point of view: the bear market is still a miner active layout, bitcoin is steady

According to the TokenGazer study showed that in the bear market, bitcoin is force change after rising trend, reached a peak in September 24, 2018 54 after EH/s began volatility decline, fell into the range; in December 3, 2018 reached 36 EH/s after the low stress stage in the callback, a number of new entrants to the miners is under the support of a slight increase bitcoin is force, and enter the flat range. The latest data show (January 30, 2019) bitcoin is already amounted to 43.4 EH/s.

Lawyer Guo Yatao: up fund-raising behavior belongs to the essence of entertainment octopus or suspected ICO.

Odaily Star daily news, recently, the anti fraud APP Feifan Beacon Tower released a survey on the Pratt & Whitney said the octopus entertainment application mode has been suspected of mlm. Lawyer Guo Yatao believes that the current mode of operation of the octopus entertainment, in essence is a fund-raising behavior, may be suspected of ICO. “Game currency and RMB are not two-way exchange, with the game currency for the yuan, is to let the game currency and RMB linked in disguised form, is actually a fund-raising behavior.”