Upbit released the position information of the Korea Association of Digital Asset Exchanges on the review of the security attributes of some virtual assets

[Upbit releases information on the position of the Korea Digital Asset Exchange Association (DAXA) on the review of the security attributes of some virtual assets] On August 5th, the South Korean encryption trading platform Upbit released information on the Korea Digital Asset Exchange Association (DAXA) on the security attributes of some virtual assets. Review position information. When the U.S. Securities and Exchange Commission (SEC) investigated the virtual assets of securities listed on Coinbase, it classified 9 virtual assets as securities. Among these 9 assets, the virtual assets currently supported by Upbit include Rally Network token RLY, Power Ledger token Coin POWR. Upbit said that in the case of violent fluctuations in the market price and trading volume of virtual assets, DAXA may jointly adopt measures such as urging investment prudence and terminating trading support.

Other news:

Alameda Research invested in UpBots, a trading ecosystem solution: Alameda Research completed a round of strategic investment in UpBots, a trading ecosystem solution. The UpBots project completed a token sale financing of US$1.1 million. Other investors include institutions such as CMS and Taureon . The project aims to combine DEX and CEX to form a trading system, integrate various DeFi protocols that support mortgage and lending, and support seamless switching between robot trading and manual trading. UpBots also revealed that the project is seeking to list on the decentralized exchange Serum. [2020/8/28]

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Voice | Jiang Zhuoer: The theft of upbit caused the currency price to rise, indicating that the downward trend is likely to be over: Jinse Finance reported that Jiang Zhuoer just published an article on Weibo, "The downward trend is likely to be over." According to the article, in a downward trend, due to the huge potential energy of the snowball forward, the negative effect is strengthened, and the positive effect is weakened. Unless there is a positive level against the sky, it will not be able to match the downward trend. On the contrary, it is negative. Regardless of the source of the true or false, even a simple screenshot will lead to a wave of decline. However, the cathode is yang, and the anode is yin. Any trend will run out of potential energy. When can the trend be considered to end (or even reverse)? It depends on when the news is counterproductive, it means that the trend is overdone. The theft of 342,000 ETH from the upbit exchange today is typical. A bad news counteracts the downtrend, giving a clear signal that the trend may be overdone and in an oversold position. [2019/11/28]