The study found that one-third of 2018 millennials would buy cryptocurrencies

nRunaway Comment: A survey conducted by the London LBX Exchange found that one-third of the millennial population in 2018 would invest in the cryptocurrency market. And in addition to the United Kingdom, many parts of the world survey also reflects a similar investment attitude. Because millennials who started their careers from the aftermath of the 2008 financial crisis did not trust traditional financial services and did not catch up with the tide of investment in the past. Although there may be a large population to invest in next year, economists still hope that people will have a deeper understanding and risk-taking ability in this area before investing.n
nTranslation: Annie_Xun
London Block (LBX) Exchange recently conducted a study of 2,000 Britons. It shows that under the age of 45, 5% of people have invested in cryptocurrencies and 11% plan to invest next year. Another 17% seriously consider investing by the end of 2018. The British Independent newspaper reported that the study found that one-third of the millennial population in 2018 would invest in the cryptocurrency market.n
Millennials favor cryptocurrency investmentn
LBX, the UK cryptocurrency exchange project, believes that millennials are fond of investing in cryptocurrencies because they did not catch up with the traditional way of investing. Benajmin Dives, founder and chief executive officer of LBX, said the study shows a shift in thinking ranging from “the monetary outlook of the younger generation and grandparents whose assets give them good pensions or property.”n
24% of the millennials under the age of 35 regretted not investing in cryptocurrencies earlier.n
Although research is conducted in the UK, many agencies and individuals conducted similar surveys in different regions, reflecting similar attitudes. In a survey by former Texas lawyer Ron Paul, 51% of 43,000 social media users favor bitcoin, not gold, dollar bonds or the U.S. dollar.n
Harris Poll recently conducted another study of 2,000 U.S. adults, showing that 50% of millennials have confidence in Bitcoin. Millennials are twice as likely to hold digital currencies as older age groups. Spence Bogart, Managing Director of Blockchain Capital, said: “The findings reinforce our confidence in the great future of Bitcoin.”n
Millennials do not trust traditional financial servicesn
Garrick Hileman, a cryptocurrency expert and Cambridge researcher, believes that “the millennials started their revenue-generating career from the aftermath of the 2008 financial crisis, and many people do not fully trust traditional financial services or systems.” Cryptocurrency represents another alternative system that can be independent of a centralized financial institution. Digital currencies therefore represent a great potential to overcome the predicament that the young population initially used.n
The young population is very different from the older generation. In the LBX survey, 57% of the population over the age of 55 said they would not buy digital currency. In Harris Poll’s survey, 92% of people over the age of 65 believe that large banking institutions are more reliable than digital currencies.n
Invest in digital currency or gamblen
Although one-third of a millennial population in 2018 would invest in cryptocurrency, economists believe investing in digital currencies is still a gamble. Some worry that the value of cryptocurrencies may collapse. Laith Khalaf, senior analyst at Hargreaves Lansdown, believes that anyone investing in Bitcoin must understand the fundamentals of investing and the factors of price volatility. “They must also be willing to withstand the huge losses that cryptocurrency can bring, and if it comes to market through bitcoin, they have to understand the operations and risks of the product itself, as well as the complexity of bitcoin.”n

Japan’s major used car group and its dealers accept Bitcoin payments

nBankruptcy comment: Idom Inc., one of Japan’s largest used car groups, announced that its 26 dealer outlets will begin accepting bitcoin payments this time in collaboration with Bitflyer, Japan’s largest cryptocurrency exchange. According to its disclosure, the pilot of the 26 stores for the pilot in the future the company also plans to launch in Gulliver about 550 stores in Japan launched bitcoin payments.n
nTranslation: Clovern
One of Japan’s largest used car groups is working with Bitflyer, the country’s largest cryptocurrency exchange, to implement Bitcoin payments at distributors throughout Japan. The move will first be implemented at 26 dealers, but the company also plans to add Bitcoin payments in another 550 locations.n
Car dealers receive Bitcoins via Bitflyern
Idom Inc., a used car distribution business, has been listed on the Tokyo Stock Exchange. The company, formerly known as Gulliver International Co. Ltd., has been operating a used car sales network throughout Japan since 1994.n

The company said it occupies the largest share of the used car market in Japan, ranking first in sales and purchases. The group has subsidiaries in the United States and New Zealand and also owns 67% of Australia’s new car dealer Buick Holdings Pty Ltd.n
Idom announced last week that its imported used car franchise Liberala will begin accepting bitcoin on December 20. The chain franchise Bentley, BMW and Audi. This move will be completed with Bitflyer, Japan’s largest Bitcoin exchange.n
24 Liberala stores will accept bitcoin payments up to a maximum of 100 million yen ($ 888,000) per purchase. These 24 stores are located in Hokkaido, Northeast, Kanto, Central, Kansai, China / Shikoku and Kyushu.n

Next or will add more than 550 dealersn
In addition, Idom owns the Gulliver brand, which currently has about 550 stores in Japan. According to its website, Gulliver currently has a total sales volume of 300,000 units, with a cumulative purchase of 3 million units. Idom announcement said:n
n”We will first conduct a pilot test at Liberala, and then we will consider launching Bitcoin payments in about 550 stores throughout Gulliver.”n

Another car group to accept bitcoinn
Earlier this month, three dealers in Tokyo-based L’operaio, a used-car group, began paying Bitcoin after the festival. L’operaio was founded in 1992, specializing in the import of luxury cars in Europe.n
The maximum amount that you can pay with Bitcoin is 2 million yen (about 18,000 U.S. dollars). As the number of cryptocurrencies and Bitcoin holders continues to grow, the company said:n
n”We decided to launch Bitcoin payments to help us get into this emerging market while creating convenience for our customers.”n

Kuwait Ministry of Finance: Does not recognize bitcoin

nBankruptcy commentary: According to “Arab Times” reported that the Kuwaiti Ministry of Finance said it did not recognize bitcoin, and prohibit financial institutions trading cryptocurrencies. Kuwaiti citizens are at the “cusp of bitcoin” transactions due to the recent strong upward momentum in Bitcoin, but because Kuwaiti citizens do not recognize bitcoin and Bitcoin transactions are conducted over the Internet, neither Kuwaiti Treasury nor the Central Bank Generic Bitcoin transactions are regulated.n
nTranslation: Clovern
The Kuwaiti Ministry of Finance reportedly said it did not recognize bitcoin and banned financial institutions from trading cryptocurrencies.n
The “Arab Times” recently reported that Kuwaiti Ministry of Finance sources said the Central Bank of Kuwait does not allow financial institutions, banks and affiliates to follow the recent tide of price spikes for bitcoin transactions.n
However, the source added that since it does not recognize cryptocurrencies, neither the Ministry of Finance nor the central bank can regulate the Bitcoin transactions in a general way. In addition, the source said, bitcoin transactions are managed via the Internet and are outside the government’s “control.”n
Since Bitcoin was not supported by a centralized agency, the central bank had previously asked the Ministry of Commerce and Industry to take steps to inform consumers about the risks of digital currency.n
The “Arab Times” reported on December 16 that Kuwaiti citizens followed the recent rise in Bitcoin prices at the “cusp of bitcoin” transactions. Information provided by the Public Prosecution Service shows that Kuwaiti law can not prohibit online transactions because it falls under the category of “electronic project” laws.n
Sources pointed out:n
n”However, Bitcoin revenue from wire transfers abroad to Kuwait is considered to be illegally suspect funds because Kuwaiti law does not recognize these currencies.”n
nIn other Middle East countries, the UAE’s central bank made it clear in February this year that the country will not ban Bitcoin.n
Before the announcement, UAE’s central bank introduced a digital payment framework on January 1 stating that “all virtual currencies (and any transactions) are forbidden.”n
In its update, the bank said: “These rules do not include ‘virtual currency’ of any type of digital unit, value measure or stored value that is defined as a medium of exchange.”n

Estonia promotes the process of issuing “encrypted tokens”

nStorming comments: Estonian plans to issue its own crypto currency “estcoin” have sparked much controversy since their announcement, and have even been openly criticized by the president of the European Central Bank. However, Estonia did not stop the move, but took a step closer to launching the token. The head of its e-resident program described the future three uses of the token in its latest blog and also implied that the use of the token would be limited at the ECB’s request.n
nTranslation: Inan
Estonia, the Baltic nation, is pushing its process of issuing its own cryptocrats.n
In a blog post December 19, Kaspar Korjus, head of Estonian “e-residents” program, described three potential uses for the coin, known as “estcoin.” The concept has drawn much attention since its announcement in August, with the speculation that Estonia will become the first country to have its own digital currency.n
Although the e-resident program has not yet introduced such tokens, Korjus explains some of the conceptual foundations in the latest blogs, shows several ways this cryptocurrency can be taken and explains how the e-resident program How to provide a basis for conducting ICO locally.n
The first use case cited by Korjus is “Community estcoin,” which can be used to support Estonia’s goal of building a “digital nation” by motivating people to apply and make more use of e-resident permits.n
According to him, this use case might include rewards programs that estcoin pays, encouraging businesses to adopt tokens, and encouraging investors and entrepreneurs to rely on the e-resident program as a platform for credible ICO activities.n
The second use case of such tokens provides the basis for a secure digital identity issued by the government.n
At this level, Korjus said, estcoin will be used as a “token supported by the blockchain” in its digital society by activities such as digitally signing documents, logging in for services, or executing smart contracts.n
The blog notes that while users of the “e-residents” program may eventually need to buy “identity estcoin,” the money will only be used to maintain the network, not to increase national revenue.n
Tokens supported by the euro?n
The third use case is quite controversial, that the tokens are pegged to the euro price, a belief that has been criticized by ECB president Mario Draghi.n
Draghi said in September for “estcoin” that “no member state of the EU may issue its own currency; the currency in the euro area is the euro.”n
Korjus said:n
n”Although Estonia can not launch another currency, we can combine some of the decentralized advantages of cryptocurrencies with the stability and reliability of legal tender to limit the use of such tokens within the e-community.”n
nFrom the blog’s point of view, this use case of tokens will require banks to transfer funds into and out of the program. However, once conducted on the blockchain, “community-based exchange of value can be done globally free of charge.”n
Korjus said that “the euro estcoin exchange with the euro will only require digital wallet and the government’s commitment.”n
The token program has been mixed with half-done since its inception, calling it a “solution to the problem.” Korjus also admitted this and said:n
n”Since we announced this proposal, we’ve been listening carefully to feedback from around the world, which has made us not only more aware of how to build estcoin now, but also a better understanding of how people can welcome such tokens.”n

World Wide Web Testnet Beta version of the award-winning global public beta

Reporter: pencil boxn

Following the release of the Testnet Alpha version in early November, the team of Wanwei Chain has been repaired and perfected. Beta Testnet version was officially released on December 19 and publicly tested for the global community. The beta version of Testnet includes:n
n1. Improved testing of Alpha Testnet version of the problem.n
nn2. Added Wanchain GUI wallet for Mac, Windows and Ubuntu platforms.n
nnCompleted the large-scale multi-regional nodes of the bottom of the test.n
nn4. Completed the normal transaction and privacy transactions test two trading modes.n
nn5. Support the deployment of smart contracts (currently not supported from the GUI wallet for deployment).n
nParticipating in tests and submitting valuable test feedback and reports based on the project rewards program will receive WAN rewards from the Incentive Committee; by convention, officials will be rewarded for submitting request pull requests either on GitHub or on the World Wide Web platform Deploy smart contracts to enrich the participants in the ecology of the M u0026 E chain. Officials will also provide specialized technical support.n
What is the chain?n
Wanwick is a public chain project based on Ethereum technology. The most important function of this chain is to be a connector for different blockchains. Wanxiang Chain proposed to create a digital economy, financial infrastructure, from a technical point of view to solve the cross-chain issues, and privacy issues. What does this have to do with finance? The problem of cross-link is essentially to solve the problem of accounting when the same asset on two ledgers occurs. From ancient banks to modern banks, each has its own separate account. When their clients transfer assets between different banks, different banks need to solve the problem of accurately accounting for both books. In essence, the central bank’s liquidation system, third-party payment, CUP and other institutions are all from different dimensions to solve the above problems (centralized way), the existence of R3 is also to establish a blockchain mechanism to solve the above problems . Therefore, the transfer of assets under different scenarios of accounting is the most basic financial issues, all the financial services to carry out the premise.n
With the rapid development of blockchain and digital assets, there are more and more blockchain networks and more and more assets. It is more important to solve the problem of cross-book transfer of assets in the blockchain world. At present, the centralized institutions or individuals such as exchanges are the main ways to solve the above problems, and these methods have greatly promoted the application and development of digital assets in a certain period of time. However, the centralized mechanism inevitably brings about security issues, trust issues and oligopolies in traditional finance. This is contrary to the notion of a decentralized, open and fair management of the blockchain. From a technical point of view, it is the nature of cross-link to connect different blockchain ledgers and blockchain to solve the blockchain problem. From an application point of view, only by solving the problem of value transfer, the financial innovation value and network effect of blockchain can be more significant.n
What is the technical characteristics of the chain? What are the innovations?n
In cross-chain issues, the chain of innovation is mainly reflected in the lock account management and consensus model design. Locking account mechanism is the key to cross-link technology. When assets cross-chain transfer, the assets in the original chain must be securely locked. When the assets are returned to the original chain, the assets can be unlocked. The current mainstream approach is the same as that proposed by Blockstream in the side-chain solution, which is to lock the account with multiple signatures. Multi-signature protocols are fixed, such as Bitcoin, which has the risk of stolen private keys or the loss of private keys for a limited number of multiple signatures.n

Innovation one: based on the elliptic curve of the threshold key schemen
Wanhuan chain based on the elliptic curve of the threshold key scheme. At present, the mainstream blockchain adopts the elliptic curve, that is, a set of keys that can manage the locking accounts of different blockchain. The advantage of the threshold-key scheme is that the signature corresponding to the private key can be divided into “fragments” of n in number, and only x (x

SEC suspends a cryptocurrency securities trading

nRunaway Comment: The cryptocurrency has become one of the areas the SEC is currently focusing on. In addition to issuing related warnings, the SEC is also taking concrete steps to manage some cryptocurrency companies. The agency has recently announced the suspension of trading securities of The Crypto Company, a cryptocurrency company, for the protection of the public interest and investors. This is the second time this year the SEC has taken a similar measure, sounded the alarm for other companies in the field.n
nTranslation: Inan
SEC suspends The Crypto Company dealn
The U.S. Securities and Exchange Commission recently issued a circular stating that from 9:30 am ET on December 19 to midnight on January 3, 2018, pursuant to section k of Section 12 of the Securities Exchange Act of 1934 , The Crypto Company’s securities trading will be suspended.n

According to the document:n
nConcerns about the accuracy and adequacy of market information, the company’s plan to publicize the payments paid and the insiders in the company want to sell their own shares, raise too many questions for regulators to await.n
nIn just one month, the company’s share price has risen more than 2500%, executives may have made a fortune. Bloomberg believes that according to the closing price Monday this week, the company president holds a stake of nearly 4.2 billion US dollars.n
The SEC’s filing also said it was involved because “there may be human-induced manipulation of the company’s stock exchange in November 2017”.n

The company’s investor page currently only shows “404 errors.” In addition, its website appears to be aggressive, claiming to be a consulting, technology and portfolio company that lists information for five team members who have different disciplines and who understand blockchain technology. The company claims to provide expertise in cryptocurrencies to its clients, partners, portfolio companies and the broader investment community.n
Business Insider, citing its CEO, Mike Poutre, in covering the incident, provocatively stated:n
n”The company has done a thorough report, but the deal is still suspended and the SEC is sending the wrong message to people. We are working with a lawyer and will handle things properly.”n
nThis is the second time that the SEC has intervened in the cryptocurrency business in 2017. In August, the CIAO Group, a company registered in Nevada, also encountered the situation. The SEC said it is concerned about its business plan and ICO plan in the telecommunications industry to suspend its securities trading on the grounds of ensuring public interest and protecting investors.n
Therefore, companies that want to catch up with the cryptocurrency spike need to be careful to ensure they are fully compliant as they are under surveillance.n

Russia implements the first government blockchain project

nRunaway Comment: Sberbank, the largest bank in Russia, has partnered with the government to transfer and save documents using the blockchain. Become the world’s first real case blockchain, making the country a global leader in technology implementation. It shows that the Russian government implements the consistent positive attitude of the blockchain to the end while the government attaches a strict attitude to the cryptocurrency.n
nTranslation: Annie_Xun
Russia formally implemented the first government blockchain project. The state-owned Bank of Sberbank announced that it will cooperate with the Federal Antimonopoly Service (FAS) to transfer and preserve documents on a blockchain basis.n
Local news reports said the move represents the first case of government direct deployment of blockchain technology.n
With regard to the broad implications of this decision, FAS Deputy Director Andrey Tsarikovskiy said in a Sberbank press release:n
n”My country uses advanced technology and knowledge to open up new possibilities for the economy and to achieve this release means that we are not only the world’s first government to use blockchain technology but also lead the world in using it for further growth.”n
nOver the years, the Russian government has always actively promoted the development of the domestic blockchain technology. In June, President Putin met with Vitalik Buterin, the founder of Ethereum. In August, the state-owned VEB Bank signed an agreement with the Ethereum Foundation to jointly develop a blockchain education program.n
In contrast, the government maintains a relatively strict stance on the use of cryptocurrencies by ordinary citizens.n

Forklog, the Russian cryptocurrency currency, was raided by the Ukrainian Security Service

nComment: Recently, Anatoly Kaplan, founder of Forklog, the Russian cryptocurrency media, said he was illegally investigated by the Security Bureau of Ukraine and confiscated some devices and the ether. Because Kaplan thinks the search is unfounded, he has already decided to defend his legal rights through legal means. The matter also warns members of the cryptocurrency community in the region that the risk of engaging in related activities does not simply come from within the marketplace.n
nTranslation: Inan
Forklog, the Russian cryptocurrency currency media, said it was illegally investigated by the Security Service of Ukrainen
The Security Agency of Ukraine (SSU) is a law enforcement agency that specializes in terrorist investigations and counterintelligence. Anatoly Kaplan, owner of Forklog, a cryptocurrency news site in the region, said the SSU is looking for clues about financial fraud with a group of Ukrainians and Americans. The agency explained to Forklog’s representatives that the suspects converted Bitcoin to Ukrainian currency hryvnia via Forklog. Kaplan and his company believe the search is “unfounded” because Forklog did not provide these services. Kaplan said, “Forklog does not even have the software to offer this service.”n

SSU agents confiscated one of its computers, several cold storage devices and some ethern
Kaplan pointed out that SSU agents seized his laptop and several cold storage devices during the search. In addition, a member of the SSU also attempted to transfer some of Kaplan’s bitcoin to another address. According to Kaplan, the agent did not succeed because his lawyer called and said he would sue him for robbery. However, these people still confiscate Kaplan’s device, and the next day, a large amount of ether was transferred from Kaplan’s wallet to another address.n
Anatoly Kaplan tells us:n
n”I believe that this weird situation is one of the things that we can possibly confront in a crypto-community, which is why we decided to make that public, and it does so much more than just protecting my personal interests but protecting the community as a whole. This is a warning to anyone who has close ties with bitcoin and blockchain technology, whether you are a public figure or not.n
nn”Now we’re trying to get back what we’ve taken illegally from us. It’s really weird to move cryptocurrencies to the wallet that SSU detectives control, and my lawyers also found that they had other procedural violations during the search, For example, turn off the camera. “n
SSU “Search Season” targeted at cryptocurrency-related businessesn
Kaplan and his lawyer said it was not the first time a detective from SSU had harassed tech workers and confiscated his property. This is known as the “Search Season” in Ukraine, which started in early 2015 and SSU has since raided the IT industry’s famous figures from time to time. Kaplan said bitcoin and blockchain-related startups “are no exception.” The residence of Michael Chobanian, founder of Kuna Bitcoin Agency, was also searched by SSU agents. In addition, they also conducted a surprise attack on the digging ground this year.n

Lawyers for Forklog and Kaplan said they would take legal steps against the illegal search and confiscation of SSU agents.n
Kaplan’s lawyer concludes:n
n”We expect the authorities to respond promptly and promptly to the prompt return of computers and equipment taken away. As for the confiscated cryptocurrencies being taken away and the legal responsibilities of SSU agents, I can only say that the incident has already explained many problems.”n