headlines
Recently, in accordance with the unified command and deployment of the Ministry of Public Security, the public security agency filed a case to investigate the "PlusToken Platform" network MLM case, and successively arrested all 27 major criminal suspects who fled abroad and 82 key members of the case, completely destroying this entrenched Large transnational network MLM organization at home and abroad. This case is the first online MLM case detected by the public security agency using bitcoin and other digital currencies as a trading medium, involving more than 2 million participants, with more than 3,000 layers of hierarchical relationships, and the total value of digital currencies involved exceeds 40 billion yuan.
digital currency
The total market value of the stablecoin Ampleforth hit a record high this week and then fell in half, and the token price fell by nearly 70%
Data: The total value of locked assets of YFII exceeds that of YFI
On July 30, Odaily queried Etherscan data and found that the total value of locked assets of YFII (yfii.finance) has exceeded that of YFI (yearn finance). It is 86193978.21 US dollars, the total value of pool2 locked assets is 58356652.07 US dollars, and the total value of YFI locked assets is 142.2 million US dollars.
It is reported that YFII (yfii.finance) was forked from YFI (yearn.finance) by the Chinese community. The reason for the fork was that the yearn.finance community governance YIP-8 proposed an additional issuance proposal. The additional issuance will be halved. However, the YIP-8 proposal was not passed due to the insufficient number of voting participants. Therefore, the community members who agreed with the proposal initiated a hard fork and created a new project called YFII that is basically the same as YFI.
The Beijing Chainsmap monitoring system found that after 14:00 on July 30, Beijing time, Tether added 5 consecutive batches of 600 million USDT to the ERC20 USDT pre-issue pool in units of 120 million USDT. After the recent additional issuance, the USDT in the pre-increased pool has dropped to 930 million USDT. After this batch operation, the amount in the pre-increased pool has once again increased to 1.53 billion USDT. These USDT additional issuance instructions may be executed from time to time in the future. The actual issuance of ERC20 USDT.
Blockchain industry
Guangxi's first blockchain technology innovation park opens
The pilot project of electronic labor contracts in Yantian District, Shenzhen was launched, relying on digital technologies such as blockchain
Bank of England to redesign payment network RTGS to support digital pound
Stanford University and the International Telecommunication Union (ITU) jointly launched the Digital Currency Global Initiative (DGCI), the main goal of which is to study technical impacts and challenges brought about by technical architecture, security, regulation and policy of central bank digital currency and other digital currencies, digital Monetary technology trends and aspects related to financial inclusion. Three working groups have been established under DGCI to promote the standardization and innovative application of digital currency, addressing infrastructure, security and trust. The first group is responsible for Architecture, Interoperability Requirements, Use Cases (AIRU). The second group is responsible for Policy and Governance (PG). The third group is responsible for Safety and Assurance (SA).
Investment and Financing
Circle and Genesis have formed a strategic partnership that will add yield and lending services to USDC products. To facilitate the global adoption of USDC, Genesis' parent company, Digital Currency Group (DCG), made a $25 million strategic investment in Circle. The digital dollar stablecoin has experienced tremendous growth in 2020, recently surpassing 12 billion in circulation. Research firm Messari estimates that on-chain stablecoin transaction volume will be close to $600 billion this year, second only to PayPal’s total transaction volume of $712 billion in 2019.
Blockchain fintech firm Diginex expected to list on Nasdaq in September
According to previous reports, Diginex announced the launch of a new digital asset exchange, Equos, on July 30. Originally Diginex and Nasdaq-listed 8i Enterprises Acquisition Corp announced plans to merge last July. The transaction was approved by the US SEC in February this year. Once the transaction closes, Diginex will become the first fully diversified company to list on Nasdaq. The reverse merger transaction with 8i is expected to be valued at $276 million including debt. Diginex shareholders will reportedly receive 20 million common shares of 8i, valued at $10 each.
Character·Voice
Beijing Arbitration Commission Wang Jin: The country does not prohibit the activities of Bitcoin as a virtual commodity
Wang Jin, an arbitrator of the Beijing Arbitration Commission, wrote an article "Adjudication Ideas for Bitcoin Disputes from the Legal Nature of Bitcoin" today. The article believes that my country's current regulatory attitude towards Bitcoin mainly includes the following three aspects:
Wang Jin, an arbitrator of the Beijing Arbitration Commission, wrote an article "Adjudication Ideas for Bitcoin Disputes from the Legal Nature of Bitcoin" today. The article believes that my country's current regulatory attitude towards Bitcoin mainly includes the following three aspects:
2. Based on the legal principle of property rights, Bitcoin cannot be regarded as a "thing" in the property law without clear provisions in the law.
3. The state prohibits token financing trading platforms from engaging in activities such as the exchange business between legal tender, tokens, and virtual currencies.
Regarding the legal nature of Bitcoin under the current regulatory system in my country, two points are worth emphasizing:
1. Since there is no law in my country to regulate Bitcoin, it cannot be considered as virtual property under Article 127 of the General Provisions of the Civil Law;
2. Based on the legal principle of property rights, Bitcoin cannot be regarded as a "thing" in the property law without clear provisions in the law.
To sum up, the author believes that, except for the activities of Bitcoin as a legal currency and the activities stipulated in the above paragraph 3, the country does not prohibit the activities of Bitcoin as a virtual commodity.
To sum up, the author believes that, except for the activities of Bitcoin as a legal currency and the activities stipulated in the above paragraph 3, the country does not prohibit the activities of Bitcoin as a virtual commodity.
V God: It is very important to complete ETH 2.0 and hope to gain mainstream adoption
