Abstract: Cover Protocol was hacked due to contract loopholes; MicroStrategy CEO revealed that he had purchased more than $2.5 billion in Bitcoin; VanEck resubmitted a Bitcoin ETF application to the SEC; fund.
According to PANews statistics, a total of 9 acquisitions of project financing in the blockchain field announced this week, involving an amount of about 9.8 million US dollars (excluding projects that have not disclosed the specific investment and financing amount). The scope of investment and financing projects involves public chains, cross-chains, DeFi and other fields.
1. The Serbian government legalizes the trading and issuance of digital assets
The Serbian government will allow the issuance and trading of digital assets and related services under a law that went into effect on December 29. The draft law for the Digital Assets Act was reportedly announced in October and passed by lawmakers in late November. The law came into force on Tuesday after it was published in the Official Gazette and will start to apply in six months. Under the new law, digital asset service providers in Serbia can operate after “obtaining a license from the regulator.” (Coindesk)
2. The 16th Plenary Session of the 12th Beijing Municipal Party Committee: The legal digital currency pilot zone and the construction of a digital financial system will be launched next year
The 16th plenary meeting of the 12th Beijing Municipal Committee of the Communist Party of China was held yesterday. The plenary session emphasized that next year we will focus on thirteen aspects including building a benchmark city for the global digital economy. Increase investment in new infrastructure, implement the "ten, hundred, and thousand" project for digital economy application scenarios, build a blockchain service platform, and start the legal digital currency pilot area and the construction of a digital financial system. Actively expand digital trade, step up the construction of an international information industry and digital trade port, an international big data exchange, and a digital trade pilot zone. (Beijing Daily)
3. Colombian corporate regulator: Businesses can use their funds to buy bitcoin
Colombian corporate regulator Superintendencia de Sociedades said in its official notification that, following consultations, Colombian businesses are now legally allowed to use their funds to purchase crypto assets such as Bitcoin (the only token specifically identified in the document), as long as they comply with existing business regulations. the provisions outlined in the Regulations. The decision is a major shift for the regulator, which in early 2018 was still warning businesses about the dangers of investing in cryptocurrencies, arguing that tokens were too "volatile" to be used as assets. However, the new statement still contains some warnings about crypto, writing that cryptocurrencies are "not money or legal tender" and cannot be "used as a method of payment." (Cryptonews)
1. Bitcoin broke through 30,000 US dollars for the first time, and it took 17 days to break through 20,000. The number of bitcoins in circulation continued to decline
According to news on January 2, Bitcoin broke through 30,000 US dollars for the first time in history, and it took only 17 days to break through 20,000 US dollars. Institutional-focused Coinbase Pro exchange saw outflows of more than 35,000 bitcoins worth more than $1 billion, according to CryptoQuant data. CryptoQuant CEO Ki Young Ju speculated that the outflow of Bitcoin from the exchange was bought by institutional investors due to FOMO (fear of missing out).
The market value of Bitcoin has exceeded 630 billion U.S. dollars. Compared with the stock market value of well-known companies, it ranks eighth, surpassing Alibaba. The market value of Alibaba is now reported at 629.683 billion U.S. dollars.
According to previous news, since the beginning of 2020, the Bitcoin reserves of all exchanges have continued to decline, from 2.88 million on January 1, 2020 to 2.35 million on December 14, a drop as high as 18.22%. Among them, the bitcoin reserves of derivatives exchanges also dropped from 1.46 million in early August this year to 1.14 million on December 14.
2. Cover Protocol is hacked and will issue new tokens
On December 28, hackers used the Cover Protocol reward contract loophole to issue about 10,000 COVER, and then white hat hackers issued a large number of additional tokens and handed over the exchanged tokens to Cover officials. On December 30th, Cover Protocol updated its compensation plan, saying that users who provided liquidity for the COVER-ETH pool on Balancer, and all users who held YETI and YPIE tokens (according to the snapshot results) were added as eligible for the new COVER Parties to the Token. Meanwhile, parties previously eligible for the new COVER tokens are: Uniswap, COVER-ETH pool liquidity providers on SushiSwap, and all COVER token holders (including those held in wallets and CEXs), All unmigrated SAFE2 and SAFE.
3. MicroStrategy CEO reveals he has purchased more than $2.5 billion in Bitcoin
MicroStrategy founder and CEO Michael Saylor revealed how much bitcoin he has amassed in an interview on the podcast. Michael Saylor said he had purchased 88,000 bitcoins through MicroStrategy or an entity he controlled. At the current price of about $29,000, Michael Saylor's Bitcoin holdings are worth more than $2.5 billion. In the interview, when asked whether Bitcoin investors should take profits now, Michael Saylor advocated a long-term holding strategy because Bitcoin is constantly making new highs. He also believes that the volatility experienced by Bitcoin in its first decade is unlikely to be repeated in the future.
On December 28, MicroStrategy's official website launched the "Bitcoin Strategy" (Bitcoin Strategy) special page, which shows the adjusted returns of Bitcoin and mainstream fiat currencies, indices, precious metals, stocks and bonds. Users only need to move the mouse to the corresponding The project can obtain detailed indicator data, including 12-month investment return, 1-month investment return, 3-month volatility, and Sharpe Ratio (Sharpe Ratio, a standardized indicator for fund performance evaluation).
4. Shenzhen once again sent 20 million yuan in digital RMB red envelopes
On January 1, 2021, Shenzhen once again sent out 20 million yuan in digital RMB red envelopes. It is reported that following the previous pilot project of "enjoying Luohu digital renminbi red envelopes", Shenzhen launched the "Happy New Year Shopping Futian Gifts" campaign, and all individuals in Shenzhen can participate in the digital renminbi red envelope draw. The event was funded by Futian District, Shenzhen City, with 20 million yuan, and a single winning red envelope is 200 yuan. The public can hold the issued digital RMB red envelopes within the validity period to consume at participating merchants. According to reports, the "Futian Youli Digital RMB Red Envelope" will be issued in the form of a "number lottery draw", and the lottery registration channel will officially open from 0:00 on January 1, 2021.
5. VanEck resubmits Bitcoin ETF application to SEC
Investment management firm VanEck has filed a registration form with the U.S. Securities and Exchange Commission (SEC) to launch the VanEck Bitcoin Trust on December 31. If approved, it would be the first bitcoin ETF to be approved by the US SEC. Shares of this ETF will be traded on the Cboe BZX exchange. VanEck had previously applied for a similar product twice, both of which were later withdrawn.
6. FCoin and FMex platforms will be transformed into DEX, and spot and contract trading will stop at midnight on January 4
According to the latest announcements of FCoin and FMex, due to the inability of the platform to support server operation subsidies and the loss of personnel, spot and contract transactions will stop at midnight on January 4, and the existing team will disband by itself, and plans to transform the current platform into an ETH public chain-based For decentralized exchanges, team members will be reorganized by relevant technical members of the community. According to the announcement, all users can withdraw 100% of their assets.
7. Marathon Patent Group will purchase 70,000 Antminer S19 ASIC mining machines for US$170 million
Marathon Patent Group, one of the largest bitcoin mining companies in North America, said it has signed a contract with Bitmain to purchase 70,000 Antminer S19 ASIC mining machines, which Marathon currently holds, for $170 million. More than three times the size of the mining machine. Merrick Okamoto, chairman of Marathon, said that this acquisition is the largest order in US dollars received by Bitmain, and it is also the largest single order for S19 ASIC miners. (Coindesk)
8. GreenPro Capital announced the establishment of a Bitcoin fund
On December 28, Greenpro Capital Corp, a Nasdaq-listed company, announced that it will set up a Bitcoin (BTC) fund for investment. Greenpro Capital said that banks, hedge funds, insurance companies and institutions are adopting BTC in large numbers, and companies agree that Bitcoin, as the most widely used cryptocurrency in the world, is a reliable future value store. Believe that the strategic management of the balance sheet, coupled with the implementation of Bitcoin funds and crypto strategies, will bring significant future value to the company. According to the market, the U.S. stock green professional capital rose 114.1% before the market (Accesswire)
9. Skybridge Capital has invested $182 million in Bitcoin
Well-known U.S. hedge fund Skybridge Capital has invested as much as $182 million in Bitcoin on behalf of its fund. The hedge fund has planned to launch a new bitcoin fund publicly next month and is partnering with a number of crypto firms including Fidelity Digital Assets and Silvergate. Earlier news, Tianqiao Capital has injected $25 million into its new Bitcoin fund. It is unclear whether there is any overlap between the two investment amounts.
10. Japanese Internet Giant GMO Approved to Issue the First Regulated Yen Stablecoin in New York
Japanese internet giant GMO has received approval from the New York Department of Financial Services to establish a limited purpose trust company, the GMO-Z.com Trust Company. The New York Department of Financial Services has granted GMO-Z.com a trust license to “issue, manage and redeem” U.S. dollar and yen-backed stablecoins in New York. It will be the first regulated yen-pegged stablecoin available to the public. Ken Nakamura, president and CEO of GMO-Z.com, said the company is making moves to issue the first regulated Japanese yen stablecoin. (coindesk)
11. Ebang will officially launch a cryptocurrency exchange in the first quarter of 2021
Bitcoin mining equipment maker Ebang said it has begun public testing of its cryptocurrency exchange and is preparing for an official launch in the first quarter of 2021. According to Ebang, the exchange will be a regulatory-compliant cryptocurrency exchange that will operate strictly outside of China. (coindesk)
12. Bittrex will delist XMR, ZEC and DASH at 7:00 on January 16
News on January 2, according to Bittrex’s official announcement, Bittrex will delist XMR, ZEC and DASH related markets at 7:00 on January 16, Beijing time. Some analysts said that this may be the first reaction of the American stock exchange to the Financial Action Task Force (FATF). Previously, South Korean exchanges had similar actions to delist privacy coins. If true, other U.S. exchanges will follow suit.
After the announcement, Dash officially tweeted: "From a technical point of view, Dash's privacy features are not much stronger than Bitcoin, which makes the label "privacy coin" an inappropriate name for Dash. Bittrex exchange requested a meeting with their compliance team. Hopefully this will be rectified soon."
13. GAC-NIO supports Bitcoin to buy a car Oolong incident
At 11:00 on December 31, GAC NIO stated on Weibo that it has become the first auto company in China to accept Bitcoin as payment for car purchases. At 12:14 on the same day, GAC NIO’s Weibo information changed the term “bitcoin” to “digital currency”. But the icon in the picture is still the word Bitcoin. About 20 minutes later, this Weibo was deleted.
At 15:30 on the same day, GAC NIO officially issued a statement of apology for the early Weibo announcement of digital currency payment for car purchases. We sincerely apologize for causing public concern.
1. Lending platform Vauld raises $2 million
According to news on December 29, Singapore-based lending platform Vauld raised $2 million, led by Pantera Capital, and other investors include Coinbase Ventures, LuneX Ventures and individual investor Robert Leshner of Compound Finance.
2. Volvo announces investment in blockchain technology provider Circulor
Volvo has announced an investment in blockchain technology provider Circulor, which is looking to further expand opportunities in the industry. Volvo said that through Circulor's technology, its battery supply chain will achieve 100% traceability of the cobalt element used in its first all-electric car, the XC40 recharge P8. Production of the car will start in Belgium later this year. (Unicorn Finance)
3. Luxor, a computing power management platform, received an investment of US$100,000, led by Routemaster Capital
Canadian investment company Routemaster Capital announced that the company has led a $100,000 investment in Luxor Technology Corporation, a computing power management platform. As part of the deal, Routemaster has the option to invest an additional $200,000 in Luxor. Luxor intends to use the funds obtained to hire several key engineering personnel to strengthen its development efforts in the computing power market. It is said that Luxor has helped miners mine more than $45 million in cryptocurrencies so far, supporting more than 28,000 miners around the world, and ranks among the largest mining pools in the world. With this seed round, Luxor will further build out its PoS infrastructure. (Globenewswire)
4. Findora raised a total of about 7.7 million US dollars within 2 hours of the public offering
According to official sources, the financial privacy public chain Findora raised approximately US$7.7 million within 2 hours of its public offering on December 28. As of December 30, Option C and D have been sold out and closed, and the five options have raised a total of about 22 million US dollars. As of the official disclosure, a total of more than 23,000 people from more than 50 countries or regions have successfully passed KYC certification, and more than 6,800 subscribers have participated. In addition, Findora has opened the registration testnet 2.0 on December 28, Beijing time, and plans to launch in 2021 The main network will be launched in the first quarter of this year.
5. Polkadot's cross-chain oracle machine ParaLink received strategic investment from YBB Foundation
ParaLink announced that it has received strategic investment from YBB Foundation. ParaLink Network is an oracle protocol built on the Polkadot ecosystem. Developers can use the blockchain and real-world data through ParaLink's original query language, Paralink Query Language (PQL).
6.RAI Finance received a strategic investment led by NGC Ventures
RAI Finance, a Polkadot-based cross-chain transaction protocol, announced that it has received a strategic investment led by NGC Ventures. RAI Finance has raised approximately US$1.5 million in strategic investment from GBIC and Alphabit through previous rounds of investment. Keonho Lee, CEO of RAI Finance, said, "The team is currently running the RAI Swap test version and preparing for the product launch."
7. SubDAO received seed round investment from FBG, Genesis Capital, PAKA and other institutions
SubDAO announced the completion of the seed round of financing, with participation from institutions such as FBG, Genesis Capital, PAKA, Candaq, Infinity Labs, Waterdrop Capital, Blue Mountain Labs, and Incuba Alpha Co., Ltd. SubDAO Network is a cross-chain DAO platform designed to link DAOs and DApps on Polkadot.
8. Fire Protocol, a Huobi ecological chain project, received investment from YBB Foundation
Fire Protocol, a Huobi ecological chain project, received investment from YBB Foundation. Fire Protocol is the first infrastructure project on the Huobi ecological chain. With the help of HECO's technical foundation, it realizes cross-chain bridging services; Fire Protocol brings innovative cross-chain technology that can bring hundreds of digital assets into the HECO ecosystem The system provides an efficient and low-cost on-chain environment for Dapps, smart contracts and digital assets.
9. LABS Group, a real estate digital ecology, received strategic investment from YBB Foundation
According to official news, the real estate digital ecology LABS Group has received strategic investment from the YBB Foundation to jointly promote the global real estate digital ecology. It is reported that LABS is the world's first real estate digital ecosystem function and governance token (UT), which provides fragmented investment in real estate ownership and can trade real estate asset tokens on regulated stock exchanges.
