headlines

headlines

Bitcoin's market value once surpassed that of Alibaba

According to Asset Dash data, compared with the stock market value of well-known companies, the market value of Bitcoin once surpassed Alibaba yesterday, rising to the eighth place in the total market value of global assets.

LTC's market value surpasses XRP and rises to fourth place
According to data from CoinMarketCap, the market value of LTC is about 10.168 billion U.S. dollars, and the market value of XRP is about 10.014 billion U.S. dollars. The market value of LTC surpassed the market value of XRP, ranking fourth. The top three are BTC, ETH and USDT.

OKEx quotes show that LTC is currently trading at 152.46 USDT, an increase of 21.78% in 24H. XRP is currently at 0.2197 USDT, a 3.34% drop in 24H.

Bittrex will delist XMR, ZEC and DASH at 7:00 on January 16

According to the proposal, MKR rewards will be allocated by existing foundation reserves and/or inflation; work with Compound/Aave to add MKR as collateral in its ecosystem so that existing holders can borrow and participate in mining; use vaults Time-weighted distribution of tokens to prevent the dominance of large whales; create a reserve of Dai and USDC to keep it at around 10% of the market value of Dai, which can be used to stabilize the peg rate; introduce negative interest rates.

digital currency

The MakerDAO community initiates a liquidity mining proposal

Ali Atiia, Ph.D. in computer science from McGill University, initiated a proposal in the MakerDAO community to mint Dai to reward MKR tokens. Backed by high liquidity, the peg rate will be more robust, while governance/community can shift focus to other areas such as adoption and fiat deposits, etc.
According to the proposal, MKR rewards will be allocated by existing foundation reserves and/or inflation; work with Compound/Aave to add MKR as collateral in its ecosystem so that existing holders can borrow and participate in mining; use vaults Time-weighted distribution of tokens to prevent the dominance of large whales; create a reserve of Dai and USDC to keep it at around 10% of the market value of Dai, which can be used to stabilize the peg rate; introduce negative interest rates.

Twitter user says Andre Cronje's new experimental project yCredit has a security flaw

Bancor announces it is exploring the development of a cross-chain bridge to Polkadot

Bancor announces it is exploring the development of a cross-chain bridge to Polkadot

On January 2, the DEX protocol Bancor announced that it is currently exploring the development of a cross-chain bridge to Polkadot, which will enable decentralized cross-chain transactions between the Ethereum chain and the Polkadot chain. The design of this cross-chain bridge utilizes lightweight nodes that can run in browsers, which will reduce the cost and barriers for participants to become bridge agents.

On January 2, the DEX protocol Bancor announced that it is currently exploring the development of a cross-chain bridge to Polkadot, which will enable decentralized cross-chain transactions between the Ethereum chain and the Polkadot chain. The design of this cross-chain bridge utilizes lightweight nodes that can run in browsers, which will reduce the cost and barriers for participants to become bridge agents.

The YFII community and the Unisave community released the first non-destructive aggregator product YFII moon landing version after the merger

According to official news, the YFII community and the Unisave community released the first non-destructive aggregator product after the merger, YFII Project Apollo. The YFII Moon Landing Edition aims to create a YFII innovation observation area, simplify the original aggregator structure, simplify the compound interest calculation into a mining mode, and users can collect it manually. And upgrade the transaction path to a pluggable mode to reduce the loss of strategies when the liquidity on the chain is insufficient. At present, the YFII moon landing version has been launched on the BSC main network, and it is expected to be ported to the Ethereum main network next week.

MakerDAO announced on Weibo that the circulation of DAI exceeded 1.2 billion, a record high.

Blockchain industry

Blockchain industry

Tencent content open platform: expand the scope of infringement strikes, and has used blockchain and other technical capabilities to pursue online accountability

On January 2, Tencent's content open platform released "A Letter to Creators". When it comes to cracking down on infringement, Tencent’s content open platform stated that in 2020, it will continue to expand the scope and intensity of infringement crackdowns. The number of infringement clues identified has increased by 238% compared with the previous year. Improve the efficiency of rights protection and reduce the cost of rights protection.

Zhejiang Provincial Provident Fund Center launched a blockchain-based provident fund electronic certification platform
secondary title

Investment and Financing

Investment and Financing

Xunzhidu shares announced that the company invested in Bitmain in 2018, and completed the investment in Matrixport established by Bitmain co-founder Wu Jihan in 2019; in 2020, the company will invest in the development of blockchain technology applications, At present, there are more than 200 core enterprises, suppliers, financial institutions and other enterprises on the chain. (Financial Association)

global policy

global policy

U.S. Congressman Proposes Creation of Office to Coordinate Federal Government's Use of Blockchain Technology

A new bill, HR9067, submitted by U.S. lawmakers on Thursday, seeks to create an office to "coordinate" federal applications of blockchain technology. The new bill, sponsored by Rep. Darren Soto, a Democrat representing Florida's 9th District, would "create an office within the Department of Commerce to coordinate all non-defense-related deployments and activities involving blockchain technology within the federal government." As of December 31, 2020, the bill was before the House Energy and Commerce Committee. (Cointelegraph)

Accelerate the development of the new generation of information technology industry. Encourage the rapid development of key areas such as 5G, network security, big data, and blockchain, support the research and development of key technologies and industrial applications, support the formation of application demonstrations in the fields of smart city construction, people's livelihood services, etc., cultivate a group of advantageous enterprises, and create a synergistic symbiosis industrial ecology.
Accelerate the development of the new generation of information technology industry. Encourage the rapid development of key areas such as 5G, network security, big data, and blockchain, support the research and development of key technologies and industrial applications, support the formation of application demonstrations in the fields of smart city construction, people's livelihood services, etc., cultivate a group of advantageous enterprises, and create a synergistic symbiosis industrial ecology.

Character·Voice

Character·Voice

General Counsel of Compound: Predict that Bitcoin ETF will be approved in 2021

Compound General Counsel Jake Chervinsky said on Twitter: "Prediction that Bitcoin ETF will be approved in 2021, it is about time."

Jiang Zhuoer: The value of MakerDAO cannot be transferred to MKR because MakerDAO is not the underlying system

Xunjiang Zhuoer said on Weibo:
1. Only the liberals who keep violence in their three sentences are the real liberals. The freedom to use violence is also an important freedom.
2. The value of MakerDAO cannot be transferred to MKR because MakerDAO is not an underlying system and has no right to violence.
3. ETH, as the original base currency, is used by upper-level applications, bringing strong demand for ETH (such as ICO)