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The blockchain network security incident has once again stirred up the entire coin circle.On October 7th, Beijing time, BNBChain, one of the most active public chains in the world (public blockchain, which refers to a consensus blockchain where anyone can read, send transactions, and obtain effective confirmation) incubated by the cryptocurrency exchange, was attacked by hackers

Centralization and decentralization platforms will coexist, complement, and rely on each other for a period of time in the future.According to the information released by Coin On Company on Tuesday (March 13th), they haveA public chain has been launched with the aim of building a new decentralized exchange.The cryptocurrency exchange stated that by developing a new BinanceChain, they will transform from a "corporate" to a "community", and that BinanceChain will also be used to transfer or trade different blockchain assets.It is worth mentioning that,Coin An also announced that it will migrate BinanceCoin to its native blockchain.Currently, Coincoin is an ERC20 digital token running on the Ethereum network. However, for users holding ERC20 coins, it is currently unclear whether they will exchange tokens in some form.In addition, Coin An Coin will become an important foundation for blockchain asset trading, coexisting with other more centralized products of Coin An.In a statement, Qian An stated:BinanceCentralization and decentralization platforms will coexist, complement, and rely on each other for a period of time in the future.Binance Chain

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance.Editor: Remember to follow meSource: Blockchain OutlookOn February 17th, Coin Security announced the launch of a one-stop solution, Coin Security Cloud, which provides partners and customers with cutting-edge technology, security, as well as high depth and liquidity throughout the site, enabling them to launch independent digital asset trading platforms through this platform.The announcement points out that as part of the Coin On Open Platform Plan, Coin On Cloud aims to open up more channels into digital assets globally, by supporting its global partners and customers, integrating new financial infrastructure on blockchain technology-based open platforms through the core of platform solutions.It happened to be ten days since Zhao Changpeng, the founder of Coin An, first mentioned "open platform" in the new year. On February 7th, Zhao Changpeng proposed the concept of "open platform" in the first AMA of the New Year, stating that Coin An is transitioning from a centralized platform to an "open platform" and will evolve towards a decentralized platform in the future.Zhao Changpeng's statement is not surprising. On February 6th, Coin An announced the completion of the upgrade to the "Global Broker" project. This is also one of the services provided by the open platform of King'an, which supports the access of contract brokers and has been applied by hundreds of institutions around the world.If the previous goal of Coin An was to be strong enough, then at this time Coin An is standing in a higher sniper position, aiming to seek more partners, share resources, and promote the coordinated development of the entire industry.The ultimate beneficiary of all this may be BNB. As the core asset of the Coin An trading platform, BNB is widely circulated across various business lines and ranks among the top ten in market value, making it the undisputed "King of Platform Coins". Nowadays, with the comprehensive opening of Coin Security, the application scenarios of BNB will continue to enrich, and the space for value growth is worth looking forward to.1 Coin An 2019 TranscriptFrom centralization to openness, the path to advancement of Coin Security has never stopped.Last September, when reviewing the development of Coin An, He Yi, the co-founder of Coin An, stated that the Coin An one0 era was actually centered around coin trading or spot trading to cover the entire industry's upstream and downstream infrastructure construction process, while the Coin An two0 era was based on the extension of existing trading business upstream and downstream, including contracts, leverage, and other trading products and services other than spot trading.He Yi also gave a metaphor for this: "If the Coin On one0 era is a towering tree that grew with coin trading as its core, then the Coin On two0 era will be a forestLooking back at 2019, we saw the comprehensive expansion of the "forest" of Coin An:oneLeading IEO.At the beginning of 2019, Coin On was the first to launch the IEO model, marking the beginning of exchange led asset issuance, triggering numerous trading platforms to follow up and giving birth to a new round of small bull market. According to statistics, in 2019, a total of 11 tokens landed on Coin An LaunchPad, leading the IEO projects on numerous platforms.twoLaunch contracts, OTC and other businesses to connect the main upstream and downstream businesses of the exchange.According to CoinGecko data, the trading volume of Coin On contracts accounts for up to 80% of BitMex's trading volume, with a strong potential to catch up. At the same time, Coin Security Chain underwent four system upgrades last year, and Coin Security DEX has launched a total of 123 trading pairs.threeOpen BinanceUS.For the United States, one of the world's largest digital currency trading markets, BinanceUS has been established by Coin, continuously obtaining licenses in various states and providing services to American users. The daily trading volume exceeds 25 million US dollars, surpassing the local exchange Gemini, and is expected to catch up with the largest exchange in the United States, Coinbase, in the future.fourCapital expansion.In 2019, Coin An successively acquired options platform JEX, data analysis platform DappReview, and invested in dozens of companies such as derivative trading platform FTX, continuously enriching its products and business forms.Under the support of multiple businesses, the daily average trading volume of Coin An in 2019 exceeded the equivalent of 2.8 billion US dollars, with a global user base of over 15 million, covering over 180 countries and regions.Now, this transcript of King'an has just laid the foundation for the establishment of the open platform.2 Upgrade Global Broker ProjectWhat is open platform? Coin An has actually provided an explanation in the announcement.Specifically, the open platform is committed to creating efficient and reliable blockchain infrastructure facilities. Based on the technology precipitation in recent years, it integrates internal core resources such as research and development, asset management, liquidity, and product experience, and comprehensively empowers blockchain industry partners to comprehensively promote the development of the blockchain industry.The first step of the Coin Security Open Plan is to upgrade the global brokerage project.On February 6th, Coin An announced the upgrade of the "Global Broker" project to fully support contract broker access.According to public information, the project has been launched since September 2019, aiming to provide high liquidity, deep order matching system, and leading asset security management and marketing guidance for brokers accessing APIs on the Coin Security platform.By participating in this project, the broker has the opportunity to receive up to 60% of the coin security fee share, as well as a ten% bonus incentive for the broker's business income. As of now, over a hundred global institutions have applied to join.Coin An's goal clearly goes beyond this.In the latest announcement, the access mode of Qian'an to brokers has been upgraded again:Fully support the access of contract brokers, who will enjoy high commission sharing, as well as high liquidity and transaction depth of currency security contracts;Added support for APIKEY mode access, allowing spot and contract brokers to quickly access, reducing development barriers;Customers who become contract brokers will also enjoy more benefits, including a high proportion of contract fee sharing and high liquidity and transaction depth of Binance contracts. Customers who become contract brokers will also enjoy more benefits.On this basis, Coin Security brokers will recruit another 150 and eliminate brokerage nodes that do not meet the standards every quarter.The logic behind Coin An's move is actually clear:Mobilize the enthusiasm of mainstream global brokers to participate in the construction of the currency security trading ecosystem through resource sharing and benefit redistribution.It is foreseeable that more mainstream brokers will join in the future, sharing the high liquidity of the Coin Security trading platform, increasing the breadth and depth of transactions, and promoting the stable development of the global crypto asset trading market.3 Heavyweight Launch of Currency AnyunAfter the comprehensive upgrade of global brokerage projects, Coin An has accelerated the pace of opening up.Zhao Changpeng was the first to speak out.On February 7th, he proposed the concept of "open platform" in the first AMA of the New Year, indicating that Coin Security is transitioning from a centralized platform to an "open platform" and will evolve towards a decentralized platform in the future.Zhao Changpeng actually sends two signals:Firstly, the strategic focus of Coin An is no longer on its own strength, but on the prosperity of the entire ecosystem; Secondly, the open platform of King'an is about to launch King'an Cloud. However, he did not elaborate too much on Coin Anyun.tenDays later, the answer will be revealed.On February 17th, Coin Security announced the launch of a one-stop solution, Coin Security Cloud, which provides partners and customers with cutting-edge technology, security, as well as high depth and liquidity throughout the site, enabling them to launch independent digital asset trading platforms through this platform.In an interview with Bloomberg, Zhao Changpeng said, "In theory, we can have anyone in the world establish their own trading platform, and this demand is particularly huge because even in the winter of cryptocurrency in 2018 and 2019, hundreds of new trading platforms are born every dayIn fact, the launch of Coin On Cloud further expands the scope of Coin On's opening up.Zhao Changpeng stated that as part of the open platform plan of Coin An, Coin An Cloud aims to open up more channels to enter digital assets globally. By supporting its global partners and customers, the core of the platform solution is to integrate new financial infrastructure on an open platform based on blockchain technology.With this pioneering initiative, focusing on open access coin security technology and resources as an infrastructure provider, we aim to provide technical support to partners and platforms, alleviate their technical challenges, focus on users and local token channel services, and accelerate the process of global digital asset implementation and applicationCompared to other trading platforms, the openness of Coin An can be considered a big deal.For the industry, many market participants represented by Coin An complement each other's advantages and share resources, which can make the cake of the entire industry bigger. Many small and medium-sized players will also have more opportunities to participate, after all, it is good to enjoy the cool under the big tree.For Coin Security, with the gradual implementation of the opening-up plan, more high-quality resources worldwide will be incorporated into the Coin Security ecosystem, and Coin Security will also build a huge "blockchain ecosystem" from this, gradually realizing its long-term vision of becoming a builder of this ecological infrastructure.4 BNB will be the biggest beneficiaryCoin security needs to adopt an open path, which is a huge benefit for both Coin security itself and industry development. However, the biggest beneficiary behind this is actually BNB.Since its release in July 2017, BNB has been expanding its usage scenarios.At the beginning of its issuance, BNB was just a platform currency, and its value greatly depended on Binance's user activities and exchange revenue. To this day, BNB has become the core asset of the entire Binance ecosystem, deeply bound to various businesses of Coin An.Regarding the value of BNB, He Yi vividly introduced: "In the forest of (Coin An), no matter which tree, the ultimate core value will attach to BNB2019IEOBNBTopten

On the evening of May 13th, it was reported that Coin An was facing investigation by the US Department of Justice and the Internal Revenue Service. Binance has previously stated to the public that Binance

TL; DR faultEthereum Price Analysis SupportShort ETH/USD resistance level at $2005ETH's support level is at $1928,Join us, official account: Chen is bad, not badRecent Ethereum price analysis shows that in the recent downward trend, bears can push prices below $2000. Due to the price falling again during the day, bears dominated the price chart. At present, its closing price is 1953 US dollars, and it is expected to drop to a lower level in the next few hours.Cryptocurrency price heatmap: Coin360The downward trend is expected to continue in the future, while the broader cryptocurrency market indicates a downward trend. However, bulls can still provide some support at $1928 by resisting bearish pressure and helping tokens find stability. At present, the resistance of the ETH/USD currency pair is at the 2005 US dollar level, which was breached a few hours ago. However, bears have taken over and may prevent prices from exceeding this level in the short term.Ethereum price analysis 1-day price chart: bearish pressure still suppresses price functionLooking at the 1-day price chart of Ethereum's price analysis, it is shown that due to the increasing bearish trend, prices have steadily declined. Short and long positions are in a tug of war, and currently, short positions have managed to keep prices below $2000. The current market trading volume is as low as $12 billion, which has led to a price drop and a market value of $235 billion.ETH/USD1 daily price trend chart: TradeViewThe technical indicators of Ethereum price analysis are still bearish, indicating that bears will continue to dominate the market in the coming hours. The MACD indicator is still in a bearish position, indicating that the selling pressure on the ETH/USD currency pair is still high. Similarly, the RSI index has dropped to 64.43, indicating that market sentiment is bearish. The moving average indicator for the 1-day price chart is $2034, but it is not expected to break through soon.Ethereum Price Analysis: Recent Developments and Further Technical IndicatorsThe 4-hour Ethereum price analysis shows signs of bearish activity as prices decline to a significant level. The price is currently at the $1953 mark and is expected to go even lower in the coming period. The 4-hour chart shows bearish signs in technical indicators, with the MACD line located below the signal line, indicating bearish momentum.ETH/USD 4-hour price trend chart: TradeViewThe score of the Relative strength index (RSI) declined, but it was in an oversold area of 32.28, indicating more bearish sentiment in the future. The moving average (MA) value is still at $1989, but the MA50 and SMA20 lines are moving south, indicating that the bearish trend may also continue in the near future.Ethereum Price Analysis Conclusion 2,000 ETH's support level is at $1928, 2,005

After the daily candlestick closed above $29.3k on Thursday, Bitcoin prices ensured a bullish outlook

The Hong Kong Securities Regulatory Commission will introduce a mandatory virtual asset trading platform (VASP) licensing system starting from June 1 this year, and plans to open up retail investors to invest in virtual assets. The Hong Kong Securities Regulatory Commission recently stated that it will release licensing guidelines for virtual asset trading platforms next month.After the formal implementation of the new virtual asset platform licensing system, all virtual asset exchanges operating in Hong Kong or promoting services to Hong Kong investors, regardless of whether they provide securities based token trading services, must obtain licensing from the Hong Kong Securities Regulatory Commission and be subject to its supervision.Conducting any unlicensed activities is a criminal offense.On April 26th, the Chief Executive of the Hong Kong Securities Regulatory Commission, Leung Fung yi, stated during an event that it is expected to introduce licensing guidelines for virtual asset trading platforms in May. During the previous consultation process, more than 150 feedback opinions were received.The main suggestion of consultation is to open up licensed platforms to provide services to retail investors. Zhitong Finance has learned that according to previous policies, platform operators can only provide services to professional investors with a funding threshold of up to HKD 8 million, and ensure that their customers fully understand virtual assets. In addition, licensed platforms will be included in the regulatory sandbox of the China Securities Regulatory Commission and will be subject to close and rigorous supervision for a period of time.On December 16, last year, the ETF based on Bitcoin and Ethereum futures launched by Southern Dongying Asset Management Co., Ltd. was officially listed on the Hong Kong Stock Exchange, marking Hong Kong becoming the world's first market to provide Ethereum futures ETF and the first market in Asia to provide Bitcoin futures ETF. Under the latest proposed trading platform system, retail investors can directly participate in Bitcoin and Ethereum trading on regulated platforms in the future.In fact, the licensing procedures for virtual asset transactions in Hong Kong have always been very strict. Under the existing system, only two encryption platforms are licensed - OSL (OSL DigitalSecurities Limited) and HashKey (HashBlockchain Limited).(Image source: Hong Kong Securities Regulatory Commission)According to media reports,Huo Coin, OKEXBoth parties have expressed their intention to apply for an exchange license in Hong Kong and have established an office in Hong Kong.Additionally, the Singapore basedDBS Silverthat 's okIt also stated its intention to apply for relevant licenses in Hong Kong to provide cryptocurrency services to local customers.that 's ok12 month transition period arrangementThe Hong Kong Securities and Futures Commission stated that considering that platform operators licensed under the Securities and Futures Ordinance may need to modify their systems and monitoring measures to comply with the new regulations, a transition period of 12 months has been proposed.The China Securities Regulatory Commission stated that, Anyone who engages in the business of providing virtual asset services or shows that they operate the business must apply for a license from the Securities and Futures Commission. The existing virtual asset trading platform has been provided as a licensed arrangement, so that they can continue to operate in Hong Kong after the implementation of the virtual asset service provider system under the Anti Money Laundering Ordinance. It must be within the period from June 1, 2023 to February 29, 2024, in accordance with the Anti Money Laundering Ordinance The virtual asset service provider system under is to submit fully completed license applications online. If the SFC considers that the relevant license application meets the conditions for licensing, the virtual asset trading platform will automatically be deemed to have been licensed from June 1, 2024 This passage may sound quite convoluted, but to put it bluntly, the two companies that have already been licensed need to comply with the new regulatory requirements within the prescribed transition period.As for the original virtual asset trading platform, if it has no intention of applying for a license, it should start preparing to end its business in Hong Kong in an orderly manner, with a deadline of May 31, 2024.Fierce business of virtual insurance companiesAccording to the consultation document of the Hong Kong Certificate Authority,The platform that applies for a license must insure the customer's assets.Liang Fengyi also told the media that the Hong Kong Securities Regulatory Commission is in discussions with the Insurance Regulatory AuthorityThe cost of purchasing insurance for customer assetsOther matters.OneDegree Group

Dogecoin is a cryptocurrency that started as a joke, and its value soared by over 30% after Twitter changed its logo to the Dogecoin symbol. The value of dog coins has risen to $0

On October 8th, IT Home reported that in the early morning of October 7th Beijing time, the smart contract platform BNBChain suffered two consecutive (2:26, 4:43) hacker attacks, washing out 2 million BNB coins in just 2 hours. This currency alone reached $566 million, and with other virtual assets, it could reach $718 million

It has been a month since the collapse crisis of FTX, and just as many people believe that its former competitor, Coina, can "dominate" the cryptocurrency market, another crisis seems to be brewing.Data shows that, up to now, the original token BNB of Coin Security in the cryptocurrency exchange has fallen by nearly 15% in the past day and nearly 21% in the past week, the lowest level since July

Nowadays, more and more investors are worried that Coin An may follow the footsteps of FTX and become the next bankrupt currency giant.Data shows that, up to now, the original token BNB of Coin Security in the cryptocurrency exchange has fallen by nearly 15% in the past day and nearly 21% in the past week, the lowest level since July

Coinance, the world's largest cryptocurrency exchange, has malfunctioned and its spot order book data has not been updated for a long time. Coin An stated on its social media platform that there is an issue affecting Binance's spot trading