| The former CEO of Overstock liquidated to buy gold and silver; the U.S. House of Representatives and the SEC re-opened Libra hearings
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2019-09-20 00:14
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The ill-fated libra.

headlines

Former Overstock CEO liquidates all shares in the company, plans to invest in gold, silver and two cryptocurrencies

According to Bloomberg, former Overstock CEO Patrick Byrne sold his entire stake in the company. He sold 4.7 million shares at a price of just under $100 million between Monday and Wednesday. For the reasons for the sale, Byrne "The most immediate reason...was that we heard over the weekend that starting last Friday, top officials from the US SEC began reporting to their clients JPMorgan, Morgan Stanley and Goldman Sachs leaked. They revealed that they intend to destroy our digital dividend," and said he planned to put the proceeds into "opposite economic cycle" securities by Friday, including gold, silver and two cryptocurrencies. Byrne also said he was willing to "inject capital, if necessary, by buying back excess stock" once the law allows it.

digital currency

Data: Binance and Coinbase web traffic surges despite drop in transaction volume

Data: Binance and Coinbase web traffic surges despite drop in transaction volume

Overall web traffic to crypto asset exchange websites has been declining since June, while overall trading volume itself also fell between July and August, according to data from cryptocurrency market data provider CryptoCompare. However, from July to August, Binance saw a 68% increase in web traffic, while Coinbase more than doubled its traffic, with traffic up 123% in August. (CryptoGlobe)

Changpeng Zhao: A few days ago, the amount of Binance leveraged loans exceeded 100 million US dollars

IMF lays out pros and cons of adopting stablecoins in new blog post

Bank of Communications Joins PBOC Trade Finance Blockchain Platform

Blockchain application

Bank of Communications Joins PBOC Trade Finance Blockchain Platform

Bank of Communications Joins PBOC Trade Finance Blockchain Platform

Recently, Bank of Communications joined the People's Bank of China's trade finance blockchain platform. (Financial Times)

Beijing Mayor Chen Jining: Haidian District Uses Blockchain Technology for Real Estate Registration


Azerbaijan State Customs Committee plans to exchange information with other countries’ customs through blockchain technology

Ismayil Huseynov, deputy chairman of the Azerbaijan State Customs Committee, said that information exchange between the Azerbaijan State Customs Committee and the Georgian Customs Service has already begun through blockchain, and plans to exchange information with other countries’ customs authorities through blockchain technology. (Trend)

global policy

State Council: Promote the deep integration of new technologies such as big data, Internet, artificial intelligence, and blockchain with the transportation industry

State Council: Promote the deep integration of new technologies such as big data, Internet, artificial intelligence, and blockchain with the transportation industry

SEC Chairman and Commissioners to Discuss Cryptocurrencies and Libra at U.S. House of Representatives Hearing Next Week

SEC Chairman and Commissioners to Discuss Cryptocurrencies and Libra at U.S. House of Representatives Hearing Next Week

Monetary Authority of Singapore: There is not enough information to make a decision to ban Libra

Monetary Authority of Singapore: There is not enough information to make a decision to ban Libra

Governor of the Central Bank of Chile: Measures have been taken to deal with financial technology challenges, research on DLT, cryptocurrency and other fields

Governor of the Central Bank of Chile: Measures have been taken to deal with financial technology challenges, research on DLT, cryptocurrency and other fields

Vietnam’s blockchain industry representatives ask government to provide a “sandbox” for the technology

secondary title

Investment and Financing

Online payments firm Stripe raises $250M in new funding round, hitting $35B market cap

Online payments firm Stripe raises $250M in new funding round, hitting $35B market cap

MakerDAO Community Development Program funding projects include Opolis, etc.

According to MakerDAO official Weibo, the MakerDAO Foundation launched a community development plan in 2018, which includes funding the development of other blockchain projects. Since launch, 28 grant applications have been accepted, with 600,000 Dai allocated for development and 100,000 Dai allocated for other initiatives such as the Community Translation Initiative. Projects launched with funding from MakerDAO include Opolis, PoolTogether, Sablier, Gas Stations Network, and more.

Character·Voice

Co-founder of Ethereum: The first phase of Ethereum 2.0 is expected to be launched in the first quarter of 2020

Co-founder of Ethereum: The first phase of Ethereum 2.0 is expected to be launched in the first quarter of 2020

At the Ethereal Summit in Tel Aviv, Ethereum co-founder Joseph Lubin revealed that the first phase of Ethereum 2.0 (or "Phase 0") is expected to launch in the first quarter of 2020. According to Odaily’s previous report, Vitalik said that everything in the “0 phase” of Ethereum 2.0 has basically been finalized, and the communication between clients has been realized. (AMBCrypto)

SEC Chairman Jay Clayton: Bitcoin Needs Stronger Regulation Before It Can Be Traded on Major Exchanges

Jay Clayton, chairman of the US Securities and Exchange Commission, said, "Investors should be cautious. Bitcoin needs to be more regulated before it can be traded on major exchanges. We must work towards being confident that transactions are better regulated." (CNBC)

He Yi: Binance Futures and Binance JEX will compete within Binance to stimulate the potential of the team

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