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Visa purchased CryptoPunk 7610 for about $150,000 and released NFT-related white papers

Payments giant Visa announced on Monday that it purchased CryptoPunk 7610, one of 3,840 female Punks, for about $150,000. Cuy Sheffield, head of cryptocurrency at Visa, said: "CryptoPunks will be a great addition to our collections that can depict and celebrate the past, present and future of commerce." It is reported that Visa has partnered with Anchorage Digital to purchase the CryptoPunk, Anchorage facilitated the transaction and hosted the NFT for Visa. To this end, Visa has also released a white paper on NFTs to help businesses understand how to integrate NFTs into their platforms and how Visa can help. (The Block)

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headlines
Visa purchased CryptoPunk 7610 for about $150,000 and released NFT-related white papers

Payments giant Visa announced on Monday that it purchased CryptoPunk 7610, one of 3,840 female Punks, for about $150,000. Cuy Sheffield, head of cryptocurrency at Visa, said: "CryptoPunks will be a great addition to our collections that can depict and celebrate the past, present and future of commerce." It is reported that Visa has partnered with Anchorage Digital to purchase the CryptoPunk, Anchorage facilitated the transaction and hosted the NFT for Visa. To this end, Visa has also released a white paper on NFTs to help businesses understand how to integrate NFTs into their platforms and how Visa can help. (The Block)

The Poly Network white hat hacker posted information to the team through the Ethereum network transfer message, saying that he contributed to the security of the Poly Network with his personal style. During the entire negotiation process, its only request and the only reason for the slow refund was the unlocking of USDT. If there were an opportunity to deal with USDT in a decentralized manner, it would be a perfect example of building trust between anonymous "adversaries" by leveraging the power of smart contracts. In addition, he also announced the private key of the multi-signature wallet that the official had previously prepared. In the end, the white hat hacker stated that he would "retire from the show" and "had injected the bounty provided by Poly Network and his own compensation funds from the donation into the shared multi-sig wallet. If it is convenient, please distribute the additional assets to 'Survivor', this will be my last personal request."

digital currency

According to previous news, due to doubts that the Poly Network verifier has too much authority, the white hat hacker did not reach an agreement with the Poly Network team and failed to hand over the private key.

Philippine Department of Finance: Axie Infinity game income subject to income tax
Income from play-to-earn games such as Axie Infinity is subject to income tax, the Philippine Department of Finance said. Tionko, head of the Ministry of Finance's Revenue Operations Group, said the Ministry of Finance and the Internal Revenue Service are investigating Axie Infinity, an online adventure game developed by Vietnamese company Sky Mavis. It is reported that the Philippines is the largest market for the game. Tionko said the Philippine Securities and Exchange Commission and the central bank have yet to determine whether Axie is a currency or a security. Regardless, it is subject to income tax. Although Sky Mavis is a non-resident foreign company, she pointed out that the company's income derived from within the Philippines should be covered for local taxation. Tionko said: It is not registered in the Philippines. After we establish a non-resident registration system in the future, such companies will be covered. But now, whoever makes money from it needs to report it. She said all such income that has swept the digital space over the past few months is subject to income tax. (Manila Bulletin)
digital currency

Cream Finance announced that it has adjusted the flash loan function to adapt to the EIP-3156 proposal

According to the official announcement, Cream Finance announced that the platform has adjusted the functions related to flash loans to adapt to the improvement proposal EIP-3156. The announcement shows that Cream Finance’s Flash Loan function is very similar to AAVE Flash Loan V1, but there are 3 main differences:

1. Cream’s flash loan users will interact with the flashLoanLender contract, not the loan pool.

2. Cream deployed two flashLoanLenders contracts that comply with EIP-3156, one for Lending and one for IronBank. 3. The procedure rate of Cream Flash Loan is even lower at 0.03%.

Ethereum 2.0 client Lighthouse released version v1.5.0

Sigma Prime, the Ethereum 2.0 client Lighthouse development team, announced the release of Lighthouse v1.5.0, which contains new features, performance improvements, and fixes. This also means that Altair support has reached its "stable" branch.

Data: DeFi locked-up volume exceeded 159.8 billion US dollars, a record high

According to defillama data, the current DeFi network-wide lock-up volume (TVL) has reached 159.87 billion US dollars, a record high. Among them, the locked amount on the Ethereum chain is 118.2 billion US dollars, the locked amount of BSC is 18.27 billion US dollars, the locked amount of Terra is 5.87 billion US dollars, the locked amount of Polygon is 5.64 billion US dollars, the locked amount of Solana is 2.49 billion US dollars, and the locked amount of HECO is 1.78 billion billion USD, and Avalanche’s lock-up volume is USD 1.25 billion.
PayPal is expanding its encryption services to the United Kingdom, allowing customers to buy, hold and sell four cryptocurrencies on its platform, including Bitcoin, Ethereum, Litecoin and BCH, which is the first of PayPal's encryption products outside the United States. First extension. The process will begin this week and should be available to all eligible customers over the next few weeks. Customers must have verified their identity to be eligible. PayPal business accounts are not supported. The withdrawal function is not yet supported, and Jose Fernandez da Ponte, vice president of blockchain, encryption and digital currency, said at Consensus 2021 in May that the withdrawal function is under development. (CoinDesk)

Blockchain industry

FTX Names Berkeley’s California Memorial Stadium for $17.5M, Paid in Cryptocurrency

FTX has announced a 10-year, $17.5 million naming rights deal with the University of California, Berkeley. The Cal Golden Bears will play their home opener this year at the FTX-named Cal Memorial Stadium. Learfield, the multimedia rights holder for UC Athletics, will accept cryptocurrency payments on behalf of the university. It is reported that FTX Chief Operating Officer Sina Nader was a member of the Golden Bears when he was an undergraduate; the father of founder and CEO Sam Bankman-Fried is also an alumnus of the school.

According to previous news, the NBA Miami Heat officially announced FTX as the exclusive title of its main stadium. (Bloomberg)

Yuxin Technology Financial Report: Cooperate with Baidu to promote blockchain + financial solutions, including compliance Token and other content

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Recently, Yusys Technology (300674) released its semi-annual report. During the reporting period, the operating income was 1.351 billion yuan, a year-on-year increase of 25.4%; the net profit was 133 million yuan, a year-on-year increase of 3.2%. The financial report mentioned that in terms of deep technical integration of financial technology, it has cooperated deeply with Baidu and promoted blockchain + financial solutions with Baidu, including but not limited to supply chain finance, credit chain, trusted computing, compliance Token, etc. In 2020, Baidu announced that it will invest about 600 million yuan in Yuxin Technology, and cooperate in blockchain and compliance Token. As of the end of the reporting period, Baidu (China) Co., Ltd. is the second largest shareholder of Yusys Technology, with a shareholding ratio of 5.53%. Since the directors of Baidu are on the board of directors, Yuxin Technology's related parties also include Baixin Bank. The related related transactions involve software development and services, and the transaction volume during the reporting period was 1.23 million yuan. (Blue Whale Finance)

Chairman of the China Medical Equipment Association: Using blockchain and other technologies, the shelter laboratory can accurately detect a variety of pathogens and gene targets

Recently, the "Artificial Intelligence Multi-Scenario Mobile PCR Seminar" was held in Beijing. Zhao Zilin, chairman of the China Medical Equipment Association, said that as an important means of nucleic acid testing, Jin Ruiming's shelter laboratory has been selected into the catalog of excellent domestic medical equipment products. In the future, by optimizing the space design and using 5G network, artificial intelligence, Internet of Things, big data, blockchain and other technologies, the shelter laboratory can not only detect the new coronavirus, but also accurately detect various pathogens and gene targets. Testing can meet various needs such as epidemic prevention and control, emergency rescue and disaster relief, and combat readiness and medical care. (Xinhuanet)

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President of El Salvador: 200 ATMs and 50 outlets are being built to support Bitcoin law

El Salvador's President Nayib Bukele recently tweeted that 200 ATMs and 50 face-to-face transaction kiosks are under construction and will be launched on September 7 to support his upcoming law making Bitcoin a legal tender. President Bukele also noted that the government will facilitate the buying and selling of bitcoins in El Salvador through its new Chivo app, without any commission fees. He also emphasized that, despite some misconceptions, adopting bitcoin is a personal choice for each citizen, and that many ATMs across the country will operate 24 hours a day, facilitating withdrawals of the $30 government-issued bitcoin. (Bitcoin Magazine)

India's cryptocurrency bill may be introduced in the next parliamentary session

According to official sources, the Indian cryptocurrency bill may be introduced in the next parliamentary session, and the cryptocurrency issue in the country needs to be examined from all angles. (Golden Ten)

Mexican Authorities Ask Cryptocurrency Exchanges to Report Some Transactions by Sept. 17

Bank of England Director: Stablecoins are the next big thing in digital payments

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Central Bank of England – Christina Segal Knowles, executive director of financial market infrastructure at the Bank of England, said in a recent speech that stablecoins can play a role in the global financial system and are the next big thing in digital payments, with stability at its core . (Times of India)

Singapore's central bank is building a bitcoin-inspired cryptocurrency

Singapore's central bank, the Monetary Authority of Singapore (MAS), is working to simplify the global economy by experimenting with a central bank digital currency inspired by bitcoin to change the way money flows across borders. If successful, the experiment, in partnership with a consortium of BIS central banks, could bring fees down to levels where even the lowest-income citizens would be able to participate in the global economy. To achieve this streamlined system, the Monetary Authority in July partnered with the Bank for International Settlements to launch a new initiative called Project Dunbar to create a common platform for central bank digital currencies (CBDCs) to be used by central banks. ) direct cross-border transfers. (Forbes)

Character·Voice"Bloomberg analyst: Bitcoin, gold and long-term bonds will resume their upward trend in the second half of this year

Mike McGlone, senior commodity analyst at Bloomberg, tweeted that he had said earlier this year that the price of Bitcoin would return to the $100,000 level. In addition, he pointed out that Bitcoin will not be the only asset to resume its upward trajectory, and the same may be true for gold and long-term bonds. McGlone referred to Bitcoin, gold and long-term bonds as "the three friends who appreciate in 2H," where 2H represents the second half of the year. According to him, the U.S. Treasury 30-year bond yield remained below 2%, with bullish implications for Bitcoin and gold. Unlike the stock market, however, both markets have experienced sharp corrections. (U. Today)

Fidelity Macro Chief: Bitcoin's price action was very similar to gold's in the 1970s
Jurrien Timmer, global head of macro at Fidelity, said that as Bitcoin's market value gets closer and closer to previous highs, BTC is no longer a showpiece. Timmer is also evaluating bitcoin's performance over the past two years, saying it is very similar to gold's price action in the 1970s. Based on my (highly subjective) 1970s gold analogy, Bitcoin looks poised to resume its uptrend, Timmer said. I've been impressed with how much Bitcoin and the entire crypto space has bounced back from this 55% correction. Speculators now only account for 17% of the market. This level is consistent with past bottoms. Additionally, Bitcoin's fundamentals (its network) are steadily improving. At its peak, there were 34.3 million addresses (with at least $1). That number fell to 31.8 million at the trough and has since climbed back up to 33.5 million