headlines

headlines

The Sichuan Regulatory Office of the National Energy Administration will hold a symposium on the investigation of virtual currency "mining" on June 2

The Sichuan Regulatory Office of the National Energy Administration issued a notice on holding a research symposium on virtual currency "mining". According to the notice, in accordance with the relevant requirements of the National Energy Administration, in order to fully understand the situation of Sichuan's virtual currency "mining", our office decided to organize a seminar, which will be held from 9:30 to 11:30 on June 2, 2021.

Fed Governor: Fed, OCC, and FDIC to Review Bank Fees on Clients' Cryptocurrency Capital Holdings

Federal Reserve Governor Quarles said the OCC, Federal Reserve and FDIC scrutiny of cryptocurrency regulation includes a review of banks' fees for customers holding cryptocurrency capital. Earlier news, the OCC, the Federal Reserve, and the FDIC are considering setting up an "interagency sprint team" for cryptocurrency regulation.

Uniswap founder: Uniswap V3 will be deployed to the Ethereum expansion program Arbitrum

Hayden Adams, the founder of Uniswap, tweeted that the community vote has received overwhelming support for the deployment of Uniswap v3 on Arbitrum. Assuming the snapshot is passed, we will deploy the v3 smart contract to Arbitrum.

Xinhua News Agency: Fraud, money laundering, price manipulation, virtual currency has become the "new darling of crime"?

According to news from Xinhua News Agency, Beijing, on May 27, recently, virtual currency prices have skyrocketed and plummeted, and virtual currency trading hype has rebounded sharply. In the face of the chaotic "currency circle", the State Council Financial Committee recently sent a clear signal to the market to crack down on Bitcoin mining and trading activities; relevant associations jointly issued a document to remind them to prevent the risk of speculation in virtual currency transactions. Experts remind investors to establish correct investment concepts, enhance risk prevention awareness, and be alert to illegal activities such as virtual currency fraud, pyramid schemes, and money laundering. Don't believe in hype promises, don't blindly follow the trend and hype, always be alert to speculative risks, and avoid your own property losses.

Ethereum developer Tim Beiko is testing EIP-1599 on the Ethereum testnet Ropsten

Ethereum developer Tim Beiko expressed the hope that the giant whale of the Ethereum Ropsten test network will send him 1,000 to 10,000 ETH for testing EIP-1599. It is reported that EIP-1559 attempts to reduce transaction costs by introducing a fixed fee and destruction mechanism, which was first proposed by Vitalik in 2018.

Jessica Turner, global head of new digital infrastructure and fintech at Mastercard, said that 250,000 people have so far joined the waiting list for a credit card with cryptocurrency rebates launched in partnership with Gemini. Additionally, Turner said that Mastercard recently announced that it would support stablecoins on the network because stablecoins are not volatile.

digital currency

digital currency

Data: Purpose's Bitcoin ETF has increased its holdings of 898 BTC in the past week

Glassnode charts show that Purpose’s Bitcoin ETF (BTCC) saw a sharp drop in inflows earlier this month, however, 898 BTC have flowed into the ETF over the past week. Lex Moskovski, CIO of Moskovski Capital, commented that this is likely to be a revival of retail demand for Bitcoin.

Data: Borrowing rates for stablecoins in DeFi hit a new low this year

According to official news, Skew data shows that the borrowing rate of stablecoins in DeFi has hit a new low this year.

Ethereum expansion solution Polygon had synchronization problems with some nodes yesterday, and a hotfix has been released

According to official news, Anurag Arjun, co-founder and chief product officer of Polygon, an expansion solution for Ethereum, released an update saying that on May 26, a small number of verification nodes on the Polygon PoS network were inconsistent with the synchronization of full nodes, and the chain itself remained resilient and fully operational. No status or other inconsistencies were found. Officials have instituted a temporary hotfix to enable these nodes to sync with the network. A more robust fix will be released shortly to mitigate this. The chain itself is still running and deposits from Ethereum work as expected, albeit with slight delays in some cases.

Well-known artist Vanness Wu will use pictures from netizens to make mosaic art NFTs and sell them for charity

Well-known artist Vanness Wu will use pictures from netizens to make mosaic art NFTs and sell them for charity

Recently, the well-known artist Wu Jianhao announced that he will use pictures from netizens to make mosaic art NFT, and all proceeds from the sale will be donated to the "Xile Family" to support their assistance to disabled children.

Recently, the well-known artist Wu Jianhao announced that he will use pictures from netizens to make mosaic art NFT, and all proceeds from the sale will be donated to the "Xile Family" to support their assistance to disabled children.

secondary title

Blockchain industry

Blockchain industry

Austrian Post adds NFC to blockchain stamps

Austrian Post will release Crypto Stamp 3.0 next month with a circulation of 100,000 and is now accepting pre-orders. The Crypto Stamp 3.0 has a face value of €9.90 and can be used as a standard stamp for postmarking letters and packages.

Monetary Authority of Singapore partners with Mojaloop Foundation to leverage digital payments to advance financial inclusion

The Monetary Authority of Singapore (MAS) will join the Mojaloop Foundation as a sponsor to cooperate in providing affordable financial services to some groups of people through digital currency-based settlement systems and basic digital infrastructure.

Investment and Financing

Investment and Financing

Meme.com, a new marketplace focused on memes and NFTs, raises $5 million led by Outlier Ventures

Blockchain infrastructure service provider Hangzhou Yunxiang Network Technology Co., Ltd. (referred to as Yunxiang) announced that it has completed the B-round financing of over 100 million yuan. This round of financing will be mainly used for business expansion, team expansion, further expansion of the technology landscape, and acceleration of the financial digitalization strategy.

Blockchain infrastructure service provider Yunxiang completed the B-round financing of over 100 million yuan, led by Fosun Fanyi Fund

Blockchain infrastructure service provider Hangzhou Yunxiang Network Technology Co., Ltd. (referred to as Yunxiang) announced that it has completed the B-round financing of over 100 million yuan. This round of financing will be mainly used for business expansion, team expansion, further expansion of the technology landscape, and acceleration of the financial digitalization strategy.

global policy

global policy

Bank of Korea Governor: Will closely monitor currency transactions of Korean financial institutions linked to leveraged cryptocurrency transactions, or cut new loans

After the Bank of Korea held a Monetary Policy Committee meeting at its headquarters in Seoul, Lee Ju-yeol, Governor of the Bank of Korea, said at a press conference that South Korea's individual leveraged cryptocurrency transactions threatened South Korea's financial system. Given the volatility in the price of virtual assets, transactions in such assets have increased, destabilizing the Korean financial system.

Spain may force citizens to report their cryptocurrency holdings

The Spanish parliament has voted in favor of an anti-tax fraud law that will force Spanish citizens to report their cryptocurrency holdings and operations. Given the proliferation and popularity of cryptocurrencies among investors, further controls are necessary, the government said. The bill currently has a majority vote in the Senate, but is still pending further approval.

Democratic U.S. Rep. Darren Soto is preparing a slew of encryption legislation to introduce into Congress. Soto reintroduced the Blockchain Technology Harmonization Act before the Energy and Commerce Committee on Tuesday. The bill seeks to create a new office within the Commerce Department to regulate the use of blockchain in the federal government.

Character·Voice

Character·Voice

St. Louis Fed President: Most Cryptocurrencies Are 'Worthless'

St. Louis Federal Reserve Bank President James Bullard said in a recent interview with Yahoo Finance that most cryptocurrencies are "worthless." He noted that if cryptocurrencies can facilitate transactions that are difficult for traditional currencies, they will have a purpose and may circulate alongside state-backed currencies. Regarding the volatility of the cryptocurrency market, Bullard said that cryptocurrencies are "pretty volatile, very evident in the last few days."

Bank of Korea Governor Lee Ju-yeol: Cryptocurrencies May Negatively Affect Financial Stability

Lee Ju-yeol, governor of the Bank of Korea, said that cryptocurrencies may have a negative impact on financial stability and should work closely with the government on cryptocurrencies.

Denmark's Central Bank Governor Rhodes: Cryptocurrencies are 'very speculative' assets at best

Chainalysis report: Large investors take advantage of price crash to buy more Bitcoin

Large investors took advantage of last week's plunge in bitcoin prices to buy more bitcoin, according to blockchain analysis firm Chainalysis. Based on Chainalysis' monitoring of on-chain data, "big investors" bought 77,000 bitcoins last week, now worth just over $3 billion, Chainalysis chief economist Philip Gradwell wrote in his latest market intelligence report.

Economist Intelligence Unit: Lack of crypto-related knowledge and understanding is biggest barrier to cryptocurrency adoption

Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is a key factor in widespread crypto adoption, according to a survey report by The Economist Intelligence Unit (EIU) commissioned by Crypto.com. Currency's biggest hurdle. According to the survey results, 51 percent of respondents said that lack of knowledge is the main barrier to the adoption of open-source cryptocurrencies such as Bitcoin and Ethereum, while 34 percent cited security concerns as the main obstacle, and 29 percent cited Interviewees expressed difficulty knowing where to buy cryptocurrencies.

Bank of Canada deputy governor: Stablecoins have the potential to infiltrate payment systems

Timothy Lane, deputy governor of the Bank of Canada, said that stablecoins have the potential to penetrate the payment system, and it is important to ensure that there is an adequate framework for stablecoins. There is currently no strong case for issuing a central bank digital currency, but the world is developing very rapidly.

Coinbase CFO: The growth momentum of encryption continues, and the company's Q2 performance will exceed Q1

Coinbase Chief Financial Officer Alesia Haas said on Wednesday: I think people who are new to this space may be underestimating the volatility of this market. But cryptocurrencies are volatile, and we have to remember that this is a very young industry and a very emerging asset class. We're seeing momentum continue and we're seeing a lot of interest in cryptocurrencies. Our growth momentum in the first quarter has carried over into the second quarter.

Ripple CEO: U.S. cryptocurrency regulation lags behind other developed countries

Ripple CEO Brad Garlinghouse said on the CNBC program that the pace of U.S. cryptocurrency regulation lags behind other developed countries. He said that a large part of the U.S. regulatory problem does not lie in cryptocurrency companies, but in the lack of action by regulators compared with other countries around the world.

DBS CEO: The concept of tokenization is much more powerful than just digitizing money

Piyush Gupta, chief executive of DBS Bank, said that recently, the hype has mainly revolved around digital currencies, and while digital currencies are important, they fail to capture the size of the overall opportunity. Gupta added that tokenization allows efficient division of ownership, offers real-time settlement as well as the opportunity to program tokenized assets and increase the variety of features and conditions of use. This makes the concept of tokenization much more powerful than just digitizing money.

Mastercard exec: Three-quarters of young Latin Americans are interested in cryptocurrencies