Blockchain Weekly Report: VaaS Validates EOS, G20 Pushes Regulation, A-Share Companies Show Signs of Involvement

Blockchain Weekly Report: VaaS Validates EOS, G20 Pushes Regulation, A-Share Companies Show Signs of InvolvementThis week, the blockchain field continues to be active, showcasing rapid development from technical applications to regulatory trends. Here are the key events of the week:I

Blockchain Weekly Report: VaaS Validates EOS, G20 Pushes Regulation, A-Share Companies Show Signs of Involvement

This week, the blockchain field continues to be active, showcasing rapid development from technical applications to regulatory trends. Here are the key events of the week:

I. Project Updates

1. VaaS focuses on EOS blockchain

Verification as a Service (VaaS), is focusing on formal verification for the EOS blockchain platform. This service will provide comprehensive, professional, formal verification services for the EOS ecosystem, enhancing its security and reliability.

Formal verification is a technique that uses mathematical methods to prove the correctness of software or systems. It can effectively prevent potential vulnerabilities that are difficult to detect by traditional testing methods. It is of great significance for blockchain systems with extremely high security requirements.

The emergence of VaaS marks an important step in the security of the EOS blockchain platform. It will help improve the overall trust of the EOS ecosystem and attract more developers and users to join.

2. Ethereum Fog Foundation calls for resistance to ASIC miners

The Ethereum Fog Foundation calls on all community members to work together to resist ASIC miners through technical means. This is not the first time that there have been calls for resistance to ASICs. However, as Ethereum continues to develop, ASIC miners are posing an increasing threat to the network.

ASIC miners are designed for specific algorithms and can provide higher computing power, but they are also easily monopolized by a few mining pools, threatening the decentralization of the Ethereum network.

The Ethereum Fog Foundation's call highlights the community's emphasis on maintaining Ethereum's decentralization principles. In the future, whether Ethereum can withstand the invasion of ASIC miners will depend on the community's determination and the effectiveness of technical measures.

3. Qlink partners with Binance to integrate BNB

Qlink (QLC) has partnered with Binance to integrate BNB into the Qlink DAPP, further deepening the partnership between the two parties. Previously, Qlink has been listed on Binance. This partnership will further enhance the status of BNB in the Qlink ecosystem, bringing users a more convenient and cost-effective experience.

The Qlink team is constantly seeking partnerships with other platforms to expand its own ecosystem and provide more value for users. This collaboration with Binance will further enhance Qlink's brand recognition and influence, promoting its application and development globally.

4. AntShares NEO will hold a meet up on April 14th

AntShares (NEO) will hold a meet up in Amsterdam on April 14th to announce details of six new projects. The meeting will showcase the latest progress of the NEO ecosystem and attract more developers and investors to join.

NEO has been committed to building a decentralized, intelligent, new generation of Internet economy. Its new projects will inject new vitality into the NEO ecosystem, promoting its application and development globally.

5. Bitcoin Gold (BTG) hard fork, producing BHODL

Bitcoin Gold (BTG) will undergo a hard fork today. BTG wallet users will receive BHODL coins generated after the fork. This hard fork aims to improve the functionality and security of BTG and introduce new application scenarios.

Hard forks are a common upgrade method in blockchain technology. They can bring new features and functionalities to projects, but they can also lead to community controversy. The success of the BTG hard fork will depend on community consensus and the technical team's execution ability.

6. OmiseGO (OMG) hard fork, integrating the old chain, creating a new token

OmiseGO (OMG) will undergo a hard fork. The new chain after the fork will integrate the old chain, providing new functionality and services, and introducing a new token. This hard fork aims to improve the functionality and performance of OMG and introduce new application scenarios.

This OMG hard fork will bring new development opportunities for the project, but it will also need to overcome technical challenges and community controversies to ultimately achieve its intended goals.

II. Platform Announcements

1. Binance: Opens QLC/BNB trading market

Binance has opened the QLC/BNB trading market to provide users with a more convenient trading experience. The opening of this trading market will further promote the circulation of QLC and BNB, promoting its application and development globally.

2. Huobi: Temporarily suspends CoinMeet (MEE) deposits and withdrawals, expected to resume within 24-48 hours

Due to an upgrade of the CoinMeet official smart contract, Huobi has temporarily suspended CoinMeet (MEE) deposits and withdrawals. It is expected to resume within 24-48 hours. This upgrade aims to improve the functionality and security of CoinMeet, providing users with better services.

3. Huobi: Opens BTS deposit service and BTS/BTC and BTS/ETH trading

Huobi has opened BTS deposit services. On April 3rd at 14:00, BTS/BTC and BTS/ETH trading will be opened in the Innovation Zone. BTS withdrawal services will be opened on April 5th at 14:30. The launch of BTS will provide users with more trading options and promote the circulation and development of BTS.

4. Kucoin: Suspends CoinMeet (MEE) deposits and withdrawals

Due to an upgrade of the CoinMeet official smart contract, Kucoin has temporarily suspended CoinMeet (MEE) deposits and withdrawals. This upgrade aims to improve the functionality and security of CoinMeet, providing users with better services.

5. Bibox: Launches Bodhi (BOT) and opens BOT/BTC, BOT/ETH trading pairs

Bibox will launch Bodhi (BOT) and open BOT/BTC, BOT/ETH trading pairs to provide users with more trading choices. The launch of BOT will bring greater market attention to the project and promote its circulation and development globally.

6. KKEX: Launches EOS/ETH trading and opens ETH currency trading market

KKEX has launched EOS/ETH trading and opened the ETH currency trading market to provide users with a more convenient trading experience. The opening of this trading market will further promote the circulation of EOS and ETH, promoting its application and development globally.

7. QBTC: Launches C2C service

Q has launched C2C services to provide users with a more convenient trading method. The introduction of C2C services will further enhance the competitiveness of Q and bring users a better trading experience.

III. Regulatory Updates

1. Thailand: Taxes cryptocurrency trading and investments

The Thai Ministry of Finance is currently legislating cryptocurrency trading and has proposed tax rates for cryptocurrency trading and investment. This legislation has approved two draft decrees on cryptocurrency transactions and proposals to tax cryptocurrency-related investments.

The Thai government is seeking to regulate the cryptocurrency market, through investor regulation to prevent the expanding cryptocurrency industry from being used for money laundering, tax evasion and other criminal activities.

2. 10-point summary of cryptocurrency regulation issues at the G20 meeting

The G20 meeting was held in Buenos Aires, Argentina, with cryptocurrency regulation being one of the main topics of the meeting. The main message conveyed by the meeting is:

• G20 countries will accept cryptocurrency or blockchain;

• They are aware that the traditional economy is coming to an end;

• Regulation of cryptocurrency or blockchain is unavoidable;

• They will regulate cryptocurrency rather than ban it;

• Regulation will not stop this technological breakthrough, but taxation is almost certain;

• The first proposal on cryptocurrency regulation will be put forward in July;

• Preventing criminal activity;

• Know Your Customer (KYC) tracking and full understanding;

• Europe intends to take the lead in regulating cryptocurrency;

• Self-regulation.

IV. Market Updates

55 A-share listed companies involved in blockchain, most have not yet launched products

According to Choice, a financial data platform, as of March 30th, 55 A-share listed companies, including Tsinghua Tongfang and Hengsheng Electronics, are involved in blockchain.

An analyst from a Shanghai-based brokerage firm said that although many listed companies are involved in blockchain, most of the blockchain research and business activities are at an early stage. Currently, most companies have only announced their participation in blockchain projects, and few mature products have been launched. Only when projects are launched will they have an impact on company performance. As of March 20th, the Shanghai Stock Exchange and Shenzhen Stock Exchange have taken measures such as inquiries, monitoring, and suspension of trading for over 20 listed companies suspected of "speculating" on the blockchain concept.

Conclusion

This week, the blockchain field continues to show rapid development, with positive signs from technical applications to regulatory trends. The validation of the EOS blockchain by VaaS shows that formal verification technology is gradually being applied to improve the security of blockchain systems; the Ethereum Fog Foundation's call to resist ASIC miners reflects the community's emphasis on maintaining Ethereum's decentralization principles; Thailand's taxation of cryptocurrency trading and investment, as well as the G20's discussion on cryptocurrency regulation, show that global regulators are actively seeking to regulate and guide the cryptocurrency industry.

A