headlines
The insurance project yinsure.finance, the founder of YFI, has been launched, and the first batch supports 6 projects including Aave
The AC insurance project yinsure.finance, the founder of YFI, has been launched. The first batch of supported projects are Aave, Balancer, Compound, Curve, Synthetix, and YFI.
The total value of locked assets in SushiSwap has exceeded 700 million US dollars
The total value of locked assets in SushiSwap has exceeded 700 million US dollars
In order to encourage everyone to use SUSHI, the project party designed the SUSHI/ETH pool as a double reward. Based on this calculation, the annual rate is temporarily as high as 9500%. (The Block)
digital currency
TRON’s official version of the YFI project SUN.Market is about to open, and Genesis mining will start on September 2
DeFi lending protocol bZx will start liquidity mining today
DeFi lending protocol bZx will start liquidity mining today
On August 31, the DeFi lending agreement bZx officially announced that it will start liquidity mining on September 1.
Top 5 CoinMarketCap Executives Departures
Top 5 CoinMarketCap Executives Departures
dForce Launches Curve.Fi Governance Proposal: Create a dToken-Based Stablecoin Swap Liquidity Pool
dForce Launches Curve.Fi Governance Proposal: Create a dToken-Based Stablecoin Swap Liquidity Pool
At the same time, the company's profitability has also improved, with the company's gross profit increasing from RMB 2.4 million in the first quarter of 2020 to RMB 43.3 million in the second quarter of 2020, a quarter-on-quarter increase of 1,711.5%. Gross margin also expanded to 24.3% in the second quarter from 4.5% in the same period in 2019 and 3.5% in the first quarter of 2020.
On August 31, Beijing time, Canaan Technology ("Canaan Inc." or the "Company") announced the consolidated financial data for the second quarter of 2020 (the "Quarter") (the same below). The company's total net income for the quarter reached 178.1 million yuan, an increase of 160.9% from the previous month. This is mainly due to the 198.5% increase in the total computing power sold in the quarter (total computing power sold = ∑ the number of mining machines sold × the design computing power value of each mining machine), and the number of mining machines sold An increase of 153.5%.
At the same time, the company's profitability has also improved, with the company's gross profit increasing from RMB 2.4 million in the first quarter of 2020 to RMB 43.3 million in the second quarter of 2020, a quarter-on-quarter increase of 1,711.5%. Gross margin also expanded to 24.3% in the second quarter from 4.5% in the same period in 2019 and 3.5% in the first quarter of 2020.
Blockchain industry
Recently, the Sichuan Provincial Committee of the Communist Party of China and the Sichuan Provincial People's Government issued the "Implementation Opinions on Accelerating the Construction of a Strong Transportation Province". The "Opinions" clearly stated that it is necessary to promote the deep integration of new technologies such as big data, artificial intelligence, blockchain, and 5G with the transportation industry, implement digital infrastructure projects, build a comprehensive transportation big data center system, and create a number of smart highways, smart Ports, smart airports, and promote the application of Beidou satellite navigation system. (The Paper)
Jing'an District, Shanghai launched a new model of "Blockchain + Public Welfare Delivery Coupons"
Jing'an District, Shanghai launched a new model of "Blockchain + Public Welfare Delivery Coupons"
OPEC to Explore New Technologies Like Blockchain
The Organization of the Petroleum Exporting Countries (OPEC) recently stated that it will host the second energy and information technology (IT) seminar on September 21 in the form of a video conference. The purpose of the conference is mainly to explore the future of blue hydrogen, digitization in the energy sector, as well as cybersecurity and blockchain technology. According to Mohammad Barkindo, the organization's secretary-general, the oil and gas sector has been keen to deploy the latest technologies to improve productivity: "The energy industry, especially the oil industry, has been eager to utilize and develop the latest cutting-edge technologies to improve its productivity. operational efficiency and effectiveness.” (The Nation)
Investment and Financing
Crypto Geek Announces the Establishment of a $20 Million Polkadot Ecological Fund
A data center is defined as "having its own infrastructure for hosting the hardware that provides storage, processing and access to data, and guarantees a level of accessibility, security and management." Data center operators must provide review agencies with information on this. Information about the computing power of such facilities, how data is stored, what services are provided by the center, and how much they cost. In addition, regulators also want to know the land and building where the data center is located, and even how many racks the data center has, how full the racks are, how it is connected to the grid, and how it is certified. (CoinDesk)
global policy
Russia proposes bill to require crypto mining farms to report to government
The Russian government department has released a draft for public comments, which first gives a precise definition of a data center (data center). If the bill is passed, data centers in the country would be obliged to report their operations to internet censor Roskomnadzor.
A data center is defined as "having its own infrastructure for hosting the hardware that provides storage, processing and access to data, and guarantees a level of accessibility, security and management." Data center operators must provide review agencies with information on this. Information about the computing power of such facilities, how data is stored, what services are provided by the center, and how much they cost. In addition, regulators also want to know the land and building where the data center is located, and even how many racks the data center has, how full the racks are, how it is connected to the grid, and how it is certified. (CoinDesk)
Character·Voice
V God: Will avoid the Yield Farming field completely until it stabilizes
ICBC Vice President Zhang Wenwu: Digital currency research is being carried out in accordance with the unified requirements of the central bank
According to news on August 31, ICBC held the 2020 interim results conference online. When talking about the specific situation of ICBC’s participation in legal digital currency, Zhang Wenwu, vice president of ICBC, said that ICBC is carrying out research on digital currency in accordance with the unified requirements of the People’s Bank of China. (Sina)
