Dear cryptoers,

2020 is destined to be an extraordinary year. Within three months, the global economy has been in panic of COVID-19, stock market crashes and the breakout of oil price war; cryptocurrencies, as a new type of assets, have also been severely impacted. Throughout history, turnarounds have always come with crises. As the CEO and co-founder of KuCoin Global, I think now is an important moment for all industry practitioners to examine themselves and solve problems.

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Here I decided to take the lead in the name of KuCoin to launch the “Project Pinocchio”, also known as the “Pinocchio Integrity Plan” which aims to create a data-driven integrity index and a credit information system that’ll ultimately benefit the whole cryptocurrency industry, thanks to the solid blockchain technology of ours and our allies’. …

It’s been a while. Sorry for coming back with a hard advertisement. No need to read it if not interested in running crypto exchange.

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There are a lot of verticals in the blockchain arena in which we strongly expect to see disruptive innovations that may restructure the fundamental of traditional internet and eventually reshape the life of human-being.

However, only a handful seem to have viable business models, lesser are potentially profitable, even fewer are actually generating positive money flows so far.

Crypto exchange is one of the very few cash cows.

The backbone of this cow is obviously a solid trading engine system. But it’s technically daunting and economically costly to build a secure, efficient and full functional platform. …

As Facebook was educating the U.S. Senate about cryptocurrency and blockchain, across the Pacific Ocean, Chinese Internet giant Alibaba’s subsidiary Ant Financial announced over 40 cases employing blockchain technology, proudly.

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By the way, we all know it’s THE U.S. Senate, the members of which were questioning Mark Zuckerberg about Facebook’s profitability given that the social network “remains free”.

No hard feelings, my American friends. I simply hope to see regulatory and policy tailwind spread globally.

If, however, I have to make another analogous US-Sino comparison like the one above, I found some references from Cointelegraph:

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity. — Donald Trump. …

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