headlines

headlines

According to news from Jinshi, the US government will impose fines on 280 cryptocurrency accounts. (Golden Ten)

digital currency

digital currency

Tether official: USDT market value has exceeded 13 billion US dollars

According to Tether's official data, the market value of Tether (USDT) has exceeded 13 billion US dollars. Since March 2020, the market capitalization of Tether (USDT) has increased by 160% from $5 billion.

Polkadot Subscan's "Token Unlocking Plan" is not about unlocking the public offering shares, but the daily pledge unbonding and the balance that can be taken when it expires

According to PolkaBase news, after communicating with the official team of Subscan, it was confirmed that the Subscan browser’s “Token Unlocking Plan” data is the due withdrawal balance (withdrawals) of daily pledge unbinding, which belongs to the daily pledge unlocking behavior that has always existed since NPOS, and Shares unlocked through non-public offerings. The closing time of the last round of public offering is about July 28, and the existing data has been unlocked by the pass. The Subscan team is already fixing the copywriting.

Bitcoin ABC Announces Formation of Global Network Council to Manage BCH Fund
On August 27, the official website of Bitcoin ABC announced that the BCH Global Network Council was officially established to guide and manage the funds of the BCH ecosystem. The official said that on November 15th, BCH will usher in a new network upgrade and will introduce Coinbase reward rules. The Coinbase reward rules will secure sustainable funding for the BCH team. In order to establish a framework for the use of funds that maximizes transparency, accountability, and oversight, a council was established.
In January 2021, Bitcoin ABC will hold the first Global Network Council. Several candidate locations have been identified; these locations can support maximum freedom of entry and exit and travel during this extraordinary period of global travel restrictions. The structure and agenda of the council are still being finalized. The venue and membership qualification selection process will be announced before the network upgrade on November 15. While the proceedings will be closed to the public, they will be broadcast live.

Previously on August 25, the Bitcoin ABC team had announced that it would announce plans related to the Coinbase protocol, allowing all BCH stakeholders to participate in the design and implementation of the Coinbase protocol and funds. Coinbase rules require a certain percentage of block rewards to be given to the BCH fund.

According to CoinGecko data, Polkadot (DOT) has a circulating market value of more than $6 billion and is currently ranked fifth, surpassing LINK. DOT is currently trading at $6.73, a 27.7% increase in 24 hours.

Blockchain industry

Blockchain industry

Riot Blockchain will purchase another 5,100 S19 Pro units from Bitmain, which will be deployed in February next year

Riot Blockchain announced the purchase of 5,100 Antminer S19 Pro from Bitmain, which is scheduled to start receiving and deploying in February 2021. The company also recently disclosed that it has purchased 8,000 S19 Pros, so it plans to receive and deploy a total of 13,100 mining machines in the first half of 2021. Riot expects that based on current factors, Riot will be cash flow positive by the end of 2020, by which time the company’s total hash capacity is expected to reach 566PH/s. With these 13,100 S19 Pros fully deployed, Riot is on track to more than triple its hash rate capacity by the end of June 2021. After fully deploying 20,140 next-generation mining machines, Riot estimates that its total operational hash rate capacity will reach 2.007EH/s (2007PH/s).

Switzerland's largest online retailer Digitec Galaxus may support stable currency payments
Investment and Financing

Investment and Financing

DCG Launches Foundry, a Crypto Mining Subsidiary, Pledges to Invest $100M in It by 2021

DCG Launches Foundry, a Crypto Mining Subsidiary, Pledges to Invest $100M in It by 2021
US cryptocurrency industry giant Digital Currency Group (DCG) announced the launch of Foundry, a wholly-owned subsidiary focused on the cryptocurrency mining industry, officially announcing its entry into the Bitcoin mining industry. DCGp has committed to investing more than $100 million in Foundry by 2021.
DCG also revealed that Foundry owns one of the largest bitcoin mining farms in North America, has provided tens of millions of dollars in equipment financing to other mining organizations, and helped purchase about half of the bitcoin mining machines delivered in North America.

Polkadot DeFi platform Acala raises $7 million, led by Pantera Capital

Polkadot DeFi platform Acala raises $7 million, led by Pantera Capital
secondary title

global policy

global policy

US SEC Approves NYSE Proposal to Allow Companies to Raise Funds Directly
On August 26, Eastern Time, the US Securities and Exchange Commission (SEC) approved a proposal from the New York Stock Exchange (NYSE) to allow companies to raise funds through direct listings. The decision provides companies with a lower-cost financing option than a traditional initial public offering (IPO).
The SEC on Wednesday approved a new type of direct listing proposed by the New York Stock Exchange, which would allow companies to issue new shares and sell them to the public in blockbuster deals on their first day of trading, similar to an IPO's first day of trading. In contrast, the previously approved form of direct listing is limited to selling shares by existing investors and cannot issue new shares.
secondary title

Character·Voice

Character·Voice

Coinbase software engineer: SushiSwap has a backdoor, and the project can steal funds
Coinbase software engineer Daniel Que tweeted that there is a backdoor in SushiSwap, and the project can steal funds. Users should be careful of risks. This can be mitigated by transferring ownership to a timelock (timelock) contract to enforce the 100,000 block (~2 weeks) migration delay mentioned in the blog post. Right now there is no code to enforce it. SushiSwap creators have acknowledged and said they will be migrating to time-locked contracts.
As previously reported, Twitter user Chef Nomi #SushiSwap announced the launch of SushiSwap, a protocol that leverages the core design of Uniswap with added community-facing features. To start providing liquidity and earn SUSHI tokens, anyone holding Uniswap LP tokens can stake them into the corresponding pool and will start earning token rewards at block height 10750000. Each block will create 100 SUSHI, which will be evenly distributed to each staker who supports the pool. In the first 100,000 blocks (approximately 2 weeks), the number of SUSHI produced will be 10 times, that is, 1,000 per block, to motivate farmers and protocol adopters.

Regarding the distribution of rewards, 0.25% of rewards are transferred directly to active liquidity providers, and the remaining 0.05% is converted back to SUSHI and distributed to token holders. 10% of the SUSHI distribution will be set aside for development and future iterations, including security audits.

Wu Jihan stepped down as supervisor of Fujian Suanxin Technology Co., Ltd.

Enterprise search information shows that Wu Jihan of Bitmain has withdrawn from the main member of Fujian Suxin Technology Co., Ltd. on August 25, resigning from the position of supervisor, and Cheng Zhangzhan is a new supervisor. The business scope of Fujian Suanxin Technology Co., Ltd. mainly includes: integrated circuit design; integrated circuit manufacturing; application software development; computer, software and auxiliary equipment wholesale; information technology consulting services, etc. The legal representative of the company is Zhan Ketuan.

Forbes: The digital yuan is China's attempt to subvert the global financial order