headlines

headlines

The People's Bank of China launches a pilot program for the comprehensive application of financial data

The Financial Times reporter was informed that recently, the People's Bank of China organized commercial banks, clearing institutions, and non-bank payment institutions in Beijing, Jiangsu, Zhejiang, Shandong, Henan, Hubei, Hunan, Guangdong, Guangxi, Chongqing, Sichuan, Guizhou, Gansu, and Xinjiang. Carry out pilot projects of comprehensive application of financial data.

DBS: Bitcoin Volatility Is Impacting U.S. Stocks

Singapore's DBS Bank (DBS) said that bitcoin's sharp rise and fall triggered volatility in U.S. stock futures in a chaotic trading day. The bank concluded in a study that bitcoin is no longer a fringe asset class.

Xinhuanet: Investors should stay away from virtual currency trading hype

Xinhuanet published an article on the evening of May 25, "Mining consumes huge amounts of energy and prices skyrocket - investigation into virtual currency chaos". The article stated that recently, the prices of virtual currencies such as Bitcoin have skyrocketed and plummeted, causing onlookers to exclaim and investors to lament. From mining to trading to financing, the "currency circle" is full of chaos, and supervision and rectification have been dealt with heavily. Investors should stay away from virtual currency trading hype.

According to a Messari research report, the transaction volume of Ethereum has surpassed that of Bitcoin in the past month. As of May 21, the data shows that the daily trading volume of Ethereum has exceeded 20 billion US dollars.

digital currency

digital currency

Polkadot version 0.9.3 officially released

According to official news, Polkadot version 0.9.3 has been officially released, with a high priority for upgrading. This version introduces Polkadot substitute nodes, adds correct indirect reward points, adds proxy calls to Westend and Kusama, and has been tested against rustc 1.51.0 and rustc 1.53.0-nightly, and all nodes should be upgraded as soon as possible.

Ripple Plans to Integrate NFT Marketplace on XRP Ledger

Ripple has announced plans to directly reduce NFT gas fees and minting costs by integrating the NFT marketplace into its XRP Ledger. Ripple claims that its XRPL is 120,000 times more energy-efficient than a proof-of-work network.

The data shows that the supply of US dollar stablecoins has exceeded 100 billion US dollars. Among them, USDT accounts for about 62.61%, USDC accounts for about 20.42%, BUSD accounts for about 8.89%, DAI and PAX account for about 4.48% and 1.36% respectively.

Polygon releases SDK development kit for building Ethereum-compatible chains

Polygon releases SDK development kit for building Ethereum-compatible chains

Layer 2 ethereum scaling solution Polygon released an SDK software development kit on Wednesday that allows developers to deploy their own ethereum-connected blockchains. The Polygon SDK includes several plug-and-play modules that customize solutions for parameters such as consensus and synchronization.

Ripple partners with BankDhofar, Oman's second largest bank, to facilitate cross-border transactions between Oman and India

According to official news, Ripple announced that it has reached a cooperation with BankDhofar, the second largest bank in Oman. In the future, it will establish a relationship with IndusInd Bank, a private bank in India, and promote real-time payment into India.

secondary title

Blockchain industry

Blockchain industry

Apple Is Hiring For 'Alternative Payments' Jobs With Crypto Experience

Apple's payment department is recruiting a business development specialist with experience in the encryption industry as a commercial director to lead the department to carry out alternative payment cooperation projects. Apple said in its job posting on Wednesday that the target candidates should have more than five years of work experience in the crypto industry and be engaged in alternative payment-related businesses like digital wallets, BNPL, fast payments, cryptocurrencies, and more. But Apple has yet to make a public statement about its plans in the encryption space.

South Korea's central bank will start trialing its digital currency prototype in August this year, and South Korea's three technology giants: South Korea's largest search engine Naver, domestic chat application giant Kakao, and LG Group will all participate in the bidding.

Game Station GameStop is building an NFT platform based on Ethereum, or launching the token GME

Investment and Financing

Investment and Financing

Blockchain Application Solution Reach Announces $12 Million Funding

Blockchain Application Solution Reach Announces $12 Million Funding

Reach, a blockchain application building solution funded by the Algorand Foundation, announced today that it has raised $12 million in funding at a $48 million valuation. The funding will be used to simplify blockchain development and unlock the next generation of decentralized applications.

U.S. investment bank Cowen, which manages about $12 billion in assets, has raised $46 million for its Cowen Digital Asset Investment Co LLC, which aims to invest in cryptocurrencies such as bitcoin.

Canadian encrypted lending platform Ledn received $30 million in Series A financing, led by Kingsway Capital

Canada-based cryptocurrency lending platform Ledn received $30 million in Series A financing, led by Kingsway Capital, Coinbase Ventures, Susquehanna, ParaFi, Alexis Ohanian, John Pfeffer, CMT Digital, Global Founders Capital participated, and billionaire Alan Howard joined into the ranks of participating investors.

Pure White Matrix completed the A-round financing of nearly 100 million yuan, led by Ant Group, followed by Yifang Keda

According to official news, recently, Nanjing Pure White Matrix Technology Co., Ltd. announced that it has completed a new round of financing of nearly 100 million yuan. This round of financing was led by Ant Group, followed by E-Fun Keda and Nanjing Jiangbei New District Science and Technology Investment Group. It is reported that Nanjing Pure White Matrix Technology Co., Ltd. was established in June 2018. It is a technology company focusing on the research and development of blockchain middleware technology and the ecological construction of global developers.

global policy

global policy

Central Bank of Mauritius Plans CBDC Pilot in 2021

Mauritius Central Bank Governor Harvesh Seegolam said on Wednesday that the country's Central Bank Digital Currency (CBDC) pilot is planned to be launched by the end of the year. The Republic of Mauritius is finalizing a position paper on CBDC and will publish “concrete examples” of its initiative in the near future.

Korea FSC Chairman: Investor Funds of Registered Cryptocurrency Exchanges Can Be Protected

Funds deposited in government-registered cryptocurrency exchanges can be protected, but investors will not be protected against price volatility, the head of South Korea's financial regulator said on Wednesday. South Korea’s Financial Services Commission (FSC) chairman Eun Sung-soo has called on cryptocurrency investors to move funds to “safer” exchanges.

Iranian President: Cryptocurrency Mining Banned Before September 22

Iranian President Hassan Rouhani stated that before September 22, Iran will ban cryptocurrency mining.

Australia may introduce cryptocurrency travel rules to force cryptocurrency providers to share customer and transaction information to combat money laundering

Australia may soon introduce legislation to force cryptocurrency providers to share customer and transaction information to combat money laundering. The chief executive of the Australian Anti-Money Laundering Committee (AUSTRAC), Nicole Rose, revealed in a Senate assessment report on Tuesday that the anti-money laundering regulator is studying a "Travel Rule" (Travel Rule), which is an attempt to keep up with technological changes in digital currencies. One of several possible legislative changes.

Nebraska Governor Pete Ricketts on Tuesday signed LB 649, or the Nebraska Financial Innovation Act, which establishes digital asset banks as a new type of financial institution.

Character·Voice

Character·Voice

Canada's Ontario regulator accuses Poloniex of 'ignoring' securities laws

Canada’s Ontario Securities Commission (OSC) has filed a statement of charges against Poloniex, accusing the cryptocurrency exchange of “disregarding Ontario’s securities laws.” In a statement, the regulator noted: “Ontario residents have opened accounts on the Poloniex platform and have used the platform to deposit and trade crypto asset products. Poloniex is subject to the Ontario securities laws because the cryptographic assets offered on the Poloniex platform Asset products are securities and derivatives. Despite this, Poloniex has failed to comply with the registration and prospectus requirements of the Ontario Securities Act.”

Vitalik: Blockchain voting is undervalued among sensible people

V God issued an article saying that blockchain voting is overestimated among the ignorant, but underestimated among the knowledgeable. Buterin concluded that, in the short term, any form of blockchain voting should be limited to small experiments. Right now, security is definitely not enough to rely on computers to do everything. But it's improving, so there's a lot of incentive for the technology to continue improving.

Governor of Colorado: Hope Residents Can Use Cryptocurrency to Pay Taxes

The governor of Colorado, Jared Polis, recently stated that he hopes that residents of the state can use cryptocurrencies to pay taxes, and hopes that this will happen as soon as possible.

European Central Bank Executive Committee: Attracting huge investments in digital euros may increase financial stability risks or limit personal holdings of digital euros

According to official news, ECB executive board member Fabio Panetta (Fabio Panetta) explained why people are using digital payment methods more and more frequently when evaluating the introduction of a digital euro. The role of cash as a means of payment may decline significantly. But cash is a payment instrument issued by the central bank. Providing safe sovereign funds as public goods has always been the core mission of the central bank, and it should continue to fulfill this core mission.

Diem co-creator: Diem original plan was 'naive', but lessons learned

Diem co-founder Christian Catalini, chief economist at the Diem Association, said the project's original plans were "naive". But the creators have learned their lesson, and Diem will be successful in the long run. Catalani said they have been in extensive engagement with regulators around the world and their program has grown on several fronts. Additional controls have been added to protect consumers and to combat financial crime on the web.

People's Daily: Digital RMB is getting closer

On May 26, the People's Daily published an article "Digital RMB is getting closer (new knowledge)". The article stated that digital currency is an important symbol of the development of the digital economy. At present, many countries have launched the research and development of digital currency. As a "new infrastructure" in the financial field, the development and application of legal digital currency is of great significance to reduce transaction costs, improve financial operation efficiency, and boost the development of the digital economy.

BlackRock CEO: is studying cryptocurrencies such as BTC, cryptocurrencies may play a role in long-term investment

Larry Fink, chief executive of asset manager BlackRock, said on Wednesday that the firm is studying cryptocurrencies such as bitcoin to see if the asset class can provide countercyclical returns.

Ripple CEO: XRP Has 'Zero Inflation Dynamics' Unlike BTC, ETH, Etc

In a recent interview with CNBC, Ripple CEO Brad Garlinghouse claimed that XRP has "zero inflationary dynamics" because all existing tokens have been mined. Ripple has a lot going for it, but XRPL's consensus algorithm prevents more tokens from being created, he said.

Financial Times: The flow of financial talents to the field of cryptocurrency is accelerating

With the increasing activity of digital assets, the flow of financial talents to the cryptocurrency field is accelerating. The boom also echoes a trend of job changes among traders and bankers during the 2017 bull run in the cryptocurrency market.

Nigerian Central Bank Governor: Digital Currencies Will Be Reborn, But Slam Volatile Cryptocurrencies