1. Bit mainland take the lead, bitcoin ASIC will account for TSMC 10% revenue this year;
Set a micro-channel news, Morgan Stanley pointed out that TSMC's revenue growth targets reached this year, depending on the bitcoin custom custom chip (ASIC) demand.This part of the demand forecast will account for 10% of TSMC's annual revenue this year, , Much higher than last year's 2 to 3%.
Morgan Stanley pointed out that the demand for smart phone chips by TSMC accounts for 40% to 45% of the total revenue. As the demand for smart phone chips is weaker, the market for bitcoin ASICs must be healthy in the coming quarters to achieve TSMC's Growth goals.
2. Mining business continued heating, the semiconductor supply chain to benefit;
Set the micro-mesh news, bitcoin during the Spring Festival, a wave of price pick-up, currently about 10,000 to 12,000 US dollars between the order, the price has stabilized, with the current global Bitcoin market conditions, bitcoin chip supply chain-related vendors this year in bit Bank orders for mining machines, should be expected to continue last year's boom.
Wisdom said that last year the company's bitcoin-related products, NRE has revenue contribution, this year is expected to have late revenue contribution of mass production is expected to start accounting, revenue contribution point of view, due to the new Orders are expected to come in, coupled with last year's case continued, this year, the original contribution of the original Bitcoin revenue contribution is also expected to continue to grow.
Creative's bitcoin orders last year, the performance of the full year is also very bright, the company's contribution to bitcoin this year, despite the conservative changes in the market estimates, the industry believes that the current global bitcoin craze has not diminished, optimistic about the idea this year at The contribution of this market, there is a chance better than the company expected amount.
Set micro-grid from the supply chain to get the news shows that the current bit for the mainland to do IC packaging and testing companies include ASE, long power, through the rich Microelectronics and Hua Tian, the use of Flip-Chip process package which through the rich Microelectronics and China Daily amount of about 1kk, ASE and long power slightly more, the daily envelope measurement up to a total of 5kk. Substrate, bit mainland China's major substrate supplier in Zhuhai, Vietnam, at 150kk per month, Taiwan constant monthly Around 40kk.
Believe that bitcoin prices stabilize the supply chain vendors will be the beneficiaries.
3. Media: South Korea will support 'normal' digital currency transactions;
According to the Yonhap news agency, Choe Heung-sik, chief of the Korea Financial Superintendency Administration (FSS), said today that the South Korean government will support the 'normal trading of digital currencies' and mentioned that Choe recently held talks with people from the digital currency exchange During the talks, he also mentioned that if the digital currency investors are conducting 'normal transactions,' the ROK government will support it.
Earlier in the year, South Korea's crackdown on digital currency trading reported that local banks were reluctant to open virtual accounts for digital currency trading, although Choe said the South Korean government will encourage transactions and cooperation between banks and the digital currency exchange .
This is exactly the opposite of the attitude of the South Korean government a month ago, and on January 11, South Korea's Attorney General Park So-Ki said he is preparing a bill to ban the digitally-encrypted currency exchange. As soon as the news broke out, the digital currency plummeted across the board, immediately angered many South Koreans In more than a week, more than 200,000 Internet users petitioned against the ban on speculators.
The face of turbulent popular opinion, the South Korean government then, the proposal to close the virtual currency exchange, will be fully discussed before making a decision.
At the end of last month, the government of South Korea continued to soften its attitude, while South Korea's Deputy Prime Minister and Minister of Finance Kim Dong-won said that the Korean government did not plan to shut down digital currency transactions. "There is no intention to prohibit or suppress the digital money market. The most pressing task at the moment Regulate the exchange.
Although it is clear that the digital currency transaction will not be shut down, South Korea really needs to speed up its regulatory efforts in this area. South Korea has many currency donors and 4% of South Korean citizens are involved in digital currency transactions and are settled in won every day Bitcoin transactions account for about 10-20% of the world.
On January 31, South Korea officially implemented the real-name virtual currency trading system. However, other than the Upbit, Bittsum, Coin One and Cobit platforms, none of the other exchanges had a virtual bank account.
If the exchange can not use the virtual account, the exchange's users will not be able to use the won into the gold, the virtual currency can not be successfully traded.
According to CoinMarketCap platform quotations, most of the current digital currency rose bitcoin over the past 24 hours rose 6.5% to 11,575 US dollars, almost double the January low; Ether rose 0.59% to 950 US dollars; Litecoin rose nearly 9 % To $ 242. Wall Street knowledgeable
4. South Korea is responsible for ICO tokens officials sudden death has developed a crackdown on bitcoin speculation policy;
According to CNBC's Beijing time on February 21, several media reports said that a South Korean government official who helped to set regulatory policies to limit ICO cryptocurrency speculation passed away at home last Sunday.
Yonhap reported on the local time last Sunday, South Korea's government policy coordination office under the Economic Policy Coordination Office Zheng Jijun (Jung Ki-joon, transliteration) died in Seoul home, Yonhap quoted South Korea's police and economic policy coordination office.
South Korean police speculated that Zheng Jijun died of a sudden heart attack and is still waiting for details from the coroner's office, a South Korean government spokesman later told the Wall Street Journal that 52-year-old Zheng Jijun died of unknown cause the reason' .
His colleagues also pointed out that the death of Zheng Jijun may be stress-related as he is under increasing pressure to work on ICO tokens, and the Yonhap News Agency said that Zheng Jijun is responsible for coordinating the opinions of many government departments and offices in South Korea and for the South Korean government The weekly meeting of Hong Nam-ki, the policy coordination office, prepares.
Late last year, South Korea began to step up censorship of bitcoin and other ICO tokens and issued a ban on anonymous trading accounts by the end of January this year, but South Korean officials have recalled the possible closure of ICO tokens. Exchanges, strong demand often leads to higher prices for ICO tokens than other major global exchanges.
On Tuesday, Yonhap reported that the director of the Korea Financial Services Authority, Choe Heung-sik, met with representatives of the ICO Token Exchange that the government will support ICO tokens in the case of regular transactions.
Bitcoin's CoinDesk bitcoin price index shows bitcoin's price has risen about 3% to about $ 11,500 as of Tuesday morning US eastern time. ICO tokens CryptoCompare data shows that the won denominated ICO token takes up 5.8% of global ICO tokens.
South Korea is one of the hottest bitcoin markets, however, to crack down speculation on ICO tokens, South Korea's government has successively introduced a policy that will limit bitcoin transactions.
The following is the schedule of the relevant policies promulgated by the Korean government for ICO tokens:
- The Digital Currency Working Group was set up in November 2016. The Korea Financial Regulation Authority said it will take strict measures to prevent the exchange from abusing ICO tokens;
- In March 2017, South Korea plans to launch the Bitcoin system;
- - In 2017 September, South Korea banned all ICO tokens;
- In October 2017, South Korea is preparing to tax ICO tokens;
- In July 2017, South Korea's finance minister said it will step up its supervision.
- In December 2017, South Korea took more steps to regulate ICO tokens, including the real-name ICO tokens transactions;
--In January 2018, 25 exchanges in South Korea participated in the ICO Token Self-regulation Initiative;
--In February 2018, South Korea's finance minister said he had no intention of banning ICO tokens. (Compile / Xiao Yu)
5. Venezuela Launches World's First Legal Number Currency "Petroleum Currency"
On Tuesday (February 20), Venezuela officially started the pre-sale of 'petro-coins', the Venezuelan government disclosed that the petro-coins it issues will be supported by massive oil, gas, gold and diamonds and is caught in hyperinflation In times of predicament, the original legal tender system had already collapsed and the petrol coin might become a new dawn in the dark dilemma.
At present, both the United States and the EU implement economic sanctions against Venezuela. Venezuelan President Maduro hopes that the oil currency will help Venezuela to complete its economic restructuring and resist Western sanctions.
The Venezuelan government disclosed that the coins they issue are backed by oil, gas, gold and diamonds.On Friday, the country's virtual currency regulator disclosed that the currency would attract investment from Qatar, Turkey and other Middle Eastern countries, of course, including Investment from the European Union and the United States.
Petrol coins will not initially be bought through Bolivarian, the legal tender in Venezuela, whose original official currency collapsed long ago as Venezuela plunged into hyperinflation.
Desperate 'life-saving straw'
Before the launch of the oil coin, many people were concerned about the cryptocurrency and doubt.
People in Venezuela, which have long been plagued by food and drug shortages due to price controls, have wondered whether many digital currency speculation really benefits the Venezuelan economy or its people.
Venezuela's well-known correspondent Francisco Toro said Venezuela is trying to switch to cryptocurrencies from 'hopelessness' because of its economic isolation, saying:' They've been trying to find a way to circumvent anti-money-laundering sanctions, and cryptocurrency is probably One of the solutions.
Desperate birth of innovation?
Despite skepticism from the outside, one analyst said the coin is a "brilliant idea" - Mati Greenspan, a senior market analyst at trading company eToro.
Greenspan argues that the currency may prove to be a successor to similar projects conceived by Russian President Vladimir Putin, who said: "Putin and Maduro are facing many similar problems, both of which rely heavily on crude oil prices, However, the price of crude oil has been quite volatile in the past few years, and both countries are facing the issue of U.S. sanctions.
He added: "Actually, all governments and banks have envisioned such a cryptocurrency system, but only Maduro was the first one to do it.
Russia, in fact, has a similar cryptocurrency plan in recent months, and Russia plans to use it as a means of countering Western sanctions, similar to Venezuela's idea of a petrol coin.
Greenspan also praised Venezuela's idea of using commodities as a bolster for the currency. On December 27, 2017, Maduro revealed that Venezuela plans to put the Orinoco Belt Ayacucho block ( Ayacucho) The total oil reserves of Oilfield 1 are the material basis for the issue of 'Petroleum Coin', which has over 5 billion barrels of oil reserves.
Greenspan said: 'The idea of using commodities as a cryptocurrency support is fantastic, because the world is full of baseless funds.' 'Few of us in the crypto community saw this in mind, It is surprising.
Greenspan added: 'Under such circumstances, I believe the coin is really aimed at more institutional investors and other governments, and it will be a good reference for Putin no matter what happens afterwards.'
However, Charles Hayter, chief executive of cryptocurrency comparison site CryptoCompare, believes there is no complete confidence that Venezuela's so-called 'oil and mineral resources' will meet expectations.
Many countries also intend to take the 'digital currency' train
In fact, Venezuela and Russia are not the only countries that want to benefit from the digital currency, after Israel announced a similar plan in the hope of issuing a "digital shekel." Dubai is also planning a trip to this area Block chain train, the issue of the country's leading digital currency.
Analysts believe that, generally speaking, some financial systems are more underdeveloped countries with weaker economies are more popular with digital currencies such as bitcoin, and digital currencies tend to have higher exchange rates in these countries, for example, in Zimbabwe, After taking over the Zimbabwe regime, the bitcoin exchange rate in the country directly soared to twice the international exchange rate.
In addition, Sweden is also exploring its own crypto-currency, 'ekrona', which has seen significant reductions in cash use in the country in recent years.
Others, including Japan, Singapore and Estonia are also considering the use of similar cryptocurrencies to replace the current legal tender.