headlines

headlines

Goldman Sachs restarts cryptocurrency trading desk, will offer bitcoin futures trading next week

Goldman Sachs has restarted its cryptocurrency trading desk and will start offering clients bitcoin futures and non-deliverable forward (NDF) trading services next week, people familiar with the matter said. The team is part of the bank's global markets division, according to people familiar with the matter. The unit was created by Goldman Sachs in response to activity in the fast-growing digital asset space. The bank is also exploring the possibility of a bitcoin exchange-traded fund and has issued a request for information exploring custody of the digital asset, the sources said. Goldman Sachs first set up a cryptocurrency trading desk back in 2018, just as bitcoin prices were falling from record highs, dampening investor interest in the digital currency. (Reuters)

The Cardano development team Input Output Hong Kong tweeted that at 05:44:51 Beijing time on March 2, the Cardano Mary protocol upgrade has been successfully applied to the mainnet. This update is a major milestone in progress, introducing Goguen's core functionality, including native token functionality and multi-asset support.

digital currency

The Cardano mainnet has completed the Mary protocol upgrade

The Cardano development team Input Output Hong Kong tweeted that at 05:44:51 Beijing time on March 2, the Cardano Mary protocol upgrade has been successfully applied to the mainnet. This update is a major milestone in progress, introducing Goguen's core functionality, including native token functionality and multi-asset support.

BM is building a team to develop new social media project Clarion

BM is building a team to develop new social media project Clarion
EOS founder BM (Daniel Larimer) updated the new project Clarion code on Github. Clarion OS is just getting started and is in the early design stages. A development team is being formed to build the first prototype, and the project will be developed in the open.

According to the introduction, Clarion aims to provide everyone with the tools to spread the news to everyone who wants to hear it, without having to rely on centralized infrastructure. It will do so through a censorship-resistant friend-to-friend network that will leverage unused resources of friends and family to distribute your content. The ultimate goal is to provide the performance and reliability of a "centralized service" with the freedom and independence of a logically decentralized network. With the help of the Clarion community, people can free friends and family from the "tyranny" of Twitter, Facebook, YouTube, Amazon, Apple, and Google, and create a social network free of manipulation and third-party dependencies.

The SUSHI block reward has been reduced to 40 pieces/block

According to official news, SushiSwap has implemented a monthly production reduction, and the current output rate has dropped to 40 SUSHI per block. Note: The specific content of Sushiswap's "reducing SUSHI supply" proposal is: the upper limit of SUSHI supply will be 250 million pieces, and 2/3 of the existing SUSHI supply will be locked for 6 months. SUSHI block rewards will gradually decrease every month.

HBO plummeted 67.6% in 1h, and the community claimed that there was a technical error in the process of reducing production and transferring tokens in the mining pool

According to CoinGecko data, HBO quickly dropped to a minimum of 2.55 USDT tonight, and the price of the currency plummeted 67.6% within 1 hour, with a cumulative plunge of 94.2% in 7 days, and it is now at about 4.5 USDT. The Heco community said that the mining pool will reduce production tomorrow, and the technology was mistakenly transferred to the MDEX mining pool during the process of transferring tokens. Now it is communicating with Huobi for urgent processing.

According to the news from the HBO team, tonight due to a staff error, the 500w HBO that should have been transferred to the HBO/USDT mining pool contract was transferred to the HBO/USDT LP contract on MDEX. For this reason, we will calculate this part of the loss and compensate this part of LP holders. At the same time, in order to make up for the loss of HBO holders and pledged HBO single currency, we will compensate HBO holders according to the snapshot at the time of the transaction. All compensation will be paid by the team. At the same time, in order to express the team's apology, the team voluntarily destroyed all team shares.

Investment and Financing

Investment and Financing

Crypto Exchange INX Plans to List on TSXV to Raise Nearly $20M in Additional Funding

Crypto exchange INX plans to list on the Toronto Stock Exchange Venture Exchange (TSXV), raising an additional C$25 million ($19.6 million). The public reporting and transparency required for a TSVX listing will help attract "Fortune 500 strategic partners and institutional investors," INX said. According to the filing, INX will issue 20 million shares at C$1.25 each. Proceeds will be used for research and development, sales, marketing, general expenses and mergers and acquisitions. According to previous news, the encryption exchange INX launched an IPO in the United States on August 25, 2020, raising US$117 million. (CoinDesk)

Matter Labs, the Ethereum ZK Rollup scaling solution, announced the completion of its Series A financing, led by Union Square Ventures, which was an early investor in Twitter, Cloudflare, Firebase, Twilio, MongoDB, and Coinbase. Previous investors Placeholder, 1kx and Dragonfly continued to participate in this round of financing, in addition to zkSync’s ecological partners, including Aave, Balancer, 1inch, Curve, Binance, Coinbase Ventures, Huobi, Loopring, Argent, MYKEY , imToken, Flexa, MoonPay, ripio, CoinGecko, but the specific financing amount information has not yet been disclosed.

DeFi derivatives exchange Kine completed two rounds of financing totaling US$7 million and plans to launch the mainnet in March

DeFi derivatives exchange Kine completed two rounds of financing totaling US$7 million and plans to launch the mainnet in March
Canadian cryptocurrency exchange CoinSmart has completed a seed round of 4.5 million Canadian dollars (about 3.5 million U.S. dollars). The round of investment was raised earlier this year through the issuance of interest-bearing convertible bonds. The specific investors were not disclosed. The funding will be used to expand CoinSmart’s platform into the European market and support operational changes. It will also help the company prepare for a reverse merger before it hopes to go public. (CoinDesk)

Canadian cryptocurrency exchange CoinSmart completes $3.5 million seed round

Canadian cryptocurrency exchange CoinSmart has completed a seed round of 4.5 million Canadian dollars (about 3.5 million U.S. dollars). The round of investment was raised earlier this year through the issuance of interest-bearing convertible bonds. The specific investors were not disclosed. The funding will be used to expand CoinSmart’s platform into the European market and support operational changes. It will also help the company prepare for a reverse merger before it hopes to go public. (CoinDesk)

Blockchain firm Finboot completes £2.4 million funding round

Blockchain firm Finboot completes £2.4 million funding round
Polkadot's ecological synthetic asset issuance agreement Shadows Network completes $1.64 million in financing

Polkadot's ecological synthetic asset issuance agreement Shadows Network completes $1.64 million in financing

Polkadot's ecological synthetic asset issuance agreement Shadows Network completed a financing of 1.64 million US dollars. This financing was funded by Alphabit, A195 Capital, AU21 Capital, Bitcoin.com, Aries Labs, Blocksync Ventures, Candaq, Chain Capital, Consensus Lab, Cryptomeria Capital, DFG, DuckDAO, DAO Ventures, GBV, Innovion, JRR Crypto, Master Ventures, NGC Ventures, Onemax Capital, Oasis Capital, PolkaFund, RioFund, Waterdrip Capital, 3Commas and dozens of other investment institutions participated together.
Shadows Network is a DeFi synthetic asset issuance protocol developed based on Substrate. Previously, Shadows Network has obtained the Grant from the Web3 Foundation, and will start liquidity mining in the near future.

Polkadot Ecological DAO-as-a-Service infrastructure Dora Factory completed the second round of financing

Polkadot Ecological DAO-as-a-Service infrastructure Dora Factory completed the second round of financing
Dora Factory, the governance infrastructure on the Polkadot ecological chain, completed the second round of financing, Fundamental Labs, Signum Capital, CMS Holdings, Hypersphere Ventures, ID Theory, OK Block Dream Fund, LongHash Ventures, PAKA, Incuba Alpha, Spark Digital Capital, NEO EcoFund , Zonff Partners, SevenX Capital, Lancer Capital, Privcode Capital, Gate.io, Horizon Capital, Kernel Ventures, JRR, Infinity Labs, Lotus Capital, BlockRock Capital, Cumberland, The LAO, DuckDAO participated in the investment.

Dora Factory will provide developer communities and decentralized organizations with pluggable and modular tools, including incentives, fundraising, donations, governance, arbitration, etc. Its infrastructure will eventually become an open system that supports and incentivizes developers to develop governance modules.

KonomiNetwork, Polkadot’s ecological currency market agreement, announced the completion of a private round of financing. Investors include Amplifi, Blocksync, CMS, DoublePeak, DreamFund, LDCapital, DFG, BTXCapital, Coin98Ventures, FBGCapital, Moonwhale, TitansVentures, AU21Capital, GenesisBlock, Altonomy, ZonffPartners, Candaq and 4Season et al.

Advanced Blockchain AG Invests in Polkadot Ecological Project Fractal

Advanced Blockchain AG Invests in Polkadot Ecological Project Fractal
German blockchain-as-a-service (BaaS) provider Advanced Blockchain AG has invested in Fractal, and the company will receive 3,770,000 Fractal’s native token, FCL.
The Fractal Protocol uses blockchain and cryptocurrencies to support advertising that maintains user privacy while facilitating interactions with ads and products. Fractal is part of the Polkadot blockchain ecosystem, so this investment adds to Advanced blockchain AG's portfolio in the Polkadot blockchain ecosystem. (DGAP)

According to previous news, Advanced Blockchain AG invested in Manta Network, another Polkadot-related project through nakamo.to at the end of 2020.

FD7 Ventures, a global encryption investment fund headquartered in Dubai, today announced the opening of an office in Bangalore, India, and the launch of a $250 million micro-fund, which will focus on investing in team building projects and promoting the development of Polkadot (DOT) and Cardano (ADA) ecosystems . FD7’s new fund plans to invest about $1.5 million in 50 companies per year, of which about 30% of companies based on the Polkadot and Cardano ecosystems will receive secondary investment of $5 million to $20 million, depending on their growth index. In addition, FD7 partners pointed out that the company is bullish on NFT projects and will seek investment opportunities to consolidate its holdings in DOT and ADA-related projects in this niche market. (Business Wire)

global policy

global policy

Türkiye is closely watching the development of cryptocurrencies

Türkiye’s finance ministry said that Türkiye is closely monitoring the development of cryptocurrencies. (Golden Ten)

The Nigerian Securities and Exchange Commission (SEC) has recognized the importance of digital assets such as crypto-assets and committed to work on developing an effective regulatory framework for the digital asset sector. SEC Director General Lamido Yuguda said the SEC is committed to enhancing financial inclusion in the country through technology. According to him, the SEC is aware of the disruptive impact of fintech on the financial industry and is committed to creating a favorable regulatory environment to ensure a balance between investor protection and technological advancement.

Character·Voice

Character·Voice

Trader: Bitcoin is approaching the resistance level, if it fails to break through, you can enter the market and short

Overseas trader Atlas said that Bitcoin is approaching the resistance level, and if it fails to break through, it can enter the market and short. (Golden Ten)

Anthony Pompliano: Twitter May Add BTC to Balance Sheet

On March 1, Anthony Pompliano, co-founder of Morgan Creek Digital, tweeted that Twitter had just announced the issuance of $1.25 billion in convertible notes. Given Microstrategy's recent strategy, is it possible that Jack Dorsey intends to put Bitcoin on Twitter's balance sheet? Time will tell, but few understand the power of Bitcoin like Jack does.

Joseph Young: Expect Bitcoin's short-term bullish trend to continue