headlines

headlines

Ethereum core devs will discuss EIP-1559 on Friday
It follows news that ethereum developers hope to launch EIP-1559 in the July London fork.

digital currency

digital currency

The cryptocurrency market saw a total inflow of $395 million last week, with DOT inflows surging

According to the weekly cryptocurrency inflow report released by CoinShares, the total inflow of cryptocurrency products last week was 395 million U.S. dollars, which is nearly 20% lower than the inflow of 492 million U.S. dollars in the third week of February. Among them, the inflow of Polkadot funds surged, with an inflow of about 7 million U.S. dollars, and the inflow of Ethereum was 91 million U.S. dollars. Although Bitcoin has an inflow of $288 million, Ethereum and Polkadot have a larger inflow considering their market capitalization. (Finance Magnates)

Aon, the world's second largest insurance institution, begins to set foot in the DeFi field

Aon, the world's second largest insurance intermediary, began to set foot in the DeFi field. Aon announced Wednesday that it has started a pilot with insurtech firm Nayms to provide cryptocurrency holders with decentralized insurance against losses due to hacks or software issues. Also participating in the project are Relm Insurance, a Bermuda-based insurer specializing in digital assets, and Teller Finance, an automated risk-liability matching tool. (CoinDesk)

V God proposes a cross-Rollup expansion scheme to realize mutual communication between L2 projects

The L2 DeFi protocol is currently unable to communicate with each other, so Vitalik proposed a solution. In order to cope with the rising transaction costs, V God proposed a solution for specific types of cross-rollup expansion in the proposal. The proposal outlines how two protocols using rollup can communicate with each other while maintaining interconnectivity and composability. The Vitalik proposal assumes that one rollup can handle simple transactions while the other rollup has full smart contract support. There are already proposals for using rollups to transfer between protocols supported by two smart contracts. (Cointelegraph)

Grayscale newly registered NMR, RSR, GRT, FLOW trust entities

According to the official website of the State of Delaware, Grayscale has newly registered four trust entities, including GRAYSCALE Numeraire TRUST (NMR), Reserve Rights (RSR), The Graph (GRT), and Flow (FLOW). Grayscale CEO Michael Sonnenshein once said that registering a trust entity does not mean that corresponding products will be launched, and users are advised to invest carefully.

Gaming Giant Ubisoft and Sorare Collaborate on New Games, Available in NFT Tokens

French game giant Ubisoft announced that it has partnered with Sorare, a digital football NFT collection platform, to develop a football game called One Shot League. The game collects player cards using NFT tokens. (Cointelegraph)

Dogecoin’s Twitter Discussion Surpasses Bitcoin’s in February

Data from crypto tracker ICO Analytics shows that Dogecoin was discussed more on Twitter last month than any other cryptocurrency and surpassed bitcoin, the largest cryptocurrency by market capitalization. Dogecoin accounted for 10.4% of all cryptocurrency-related discussions on Twitter in February. Bitcoin, on the other hand, has a slightly lower figure at 10.1%. (Decrypt)

GMO-Z.com Trust Company, a New York subsidiary of Japanese internet and financial conglomerate GMO Internet Group, recently launched the first regulated yen-pegged stablecoin, GYEN. The stablecoin is 100% fiat backed and always redeemable 1:1. GYEN runs on the Ethereum blockchain.

Blockchain industry

Blockchain industry

Beijing will speed up the implementation of digital renminbi in the Winter Olympics scene and the application of digital currency in enterprises
Beijing will accelerate the implementation of the science and technology Winter Olympics project, promote the application of digital renminbi in the Winter Olympics scene, focus on the development of blockchain technology and the construction of application ecology, and build a national strategic technology force in the blockchain field. In addition, Beijing Microchip Blockchain and Edge Computing Research Institute signed a strategic cooperation agreement with the Digital Currency Research Institute of the People's Bank of my country. application.

Specifically, the two parties will combine the construction of the Changan chain ecological alliance scenario to promote the combination of Changan chain and digital RMB, promote the application of digital RMB enterprises based on Changan chain, and explore new transaction models and business models in the digital economy. (Beijing Daily)

Fantom Foundation Receives $20 Million Investment from Investment Firm BlockTower Capital

Investment and Financing

Fantom Foundation Receives $20 Million Investment from Investment Firm BlockTower Capital

Smart contract platform Fantom Foundation announced that it has received a $20 million investment from BlockTower Capital, an investment company in the field of cryptocurrency and blockchain. BlockTower Capital was co-founded in 2017 by Matthew Goetz and Ari Paul. Matthew Goetz had worked in investment management at Goldman Sachs, and Ari Paul had been in charge of risk management at the University of Chicago Endowment Office.
Encrypted Custody Service Provider Unchained Capital Completes $5.5 Million Financing Led by NYDIG

DeFi Protocol Sovryn Raises $10M in Token Sale

Bitcoin-based DeFi protocol Sovryn has announced that it has raised $10 million in a token sale. Sovryn co-founder Yago said the funds raised will remain in the protocol’s treasury and the community will decide how to spend them. (The Block)

Encrypted Custody Service Provider Unchained Capital Completes $5.5 Million Financing Led by NYDIG

On March 2, Unchained Capital, an encryption custody service provider, announced the completion of a US$5.5 million seed round of financing, led by Bitcoin technology and financial services company NYDIG, and existing investors Ecliptic Capital, Starting Line, Platform Ventures, Stronghold Resource Partners, Bitcoin Venture Fund and Capital Factory also participated in the round.
On March 2, Unchained Capital, an encryption custody service provider, announced the completion of a US$5.5 million seed round of financing, led by Bitcoin technology and financial services company NYDIG, and existing investors Ecliptic Capital, Starting Line, Platform Ventures, Stronghold Resource Partners, Bitcoin Venture Fund and Capital Factory also participated in the round.

In addition to leading the equity financing, NYDIG also made an initial loan commitment of $50 million and will continue to serve as Unchained’s primary financing partner, supporting its Bitcoin-based multi-signature lending platform.

DeFi smart financial platform SIL.Finance announced the completion of a private placement round of financing, raising a total of US$1.3 million. This round was jointly led by Axia8 Ventures and Krypton Capital, with participation from Genesis Block Ventures, Everest Venture Group, Lotus Capital, Cabin VC, and AU21. The remaining investors include Boxmining, CryptoDaku, Lil Lambo, Garlam, Crypto Dorm and other undisclosed early supporters at home and abroad.
BCUG Vault completes BCUG token private placement financing, LD Capital and others participate in the investment

BCUG Vault completes BCUG token private placement financing, LD Capital and others participate in the investment
It is reported that BCUG Vault is a complex DeFi+NFT mechanism system, built on Blockchain Cuties Universe, providing a real "Play2Earn" concept, and adjusting the incentive mechanism for game developers, players, traders and community members.

Character·Voice

Character·Voice

Wall Street analysts give Coinbase stock a 'buy' rating

Wall Street giant DA Davidson analyst Gil Luria gave Coinbase's upcoming direct listing stock COIN a "buy" rating with a target price of $195. Analysts say Coinbase is able to handle government agency regulation and fend off highly motivated hackers, while giving consumers the experience they expect from a large financial institution. (Streetsider)

Tim Draper: Amazon May Start Accepting Bitcoin Soon