headlines
headlines
Video game giant EA plans to explore blockchain and NFT space
Electronic Arts unit EA Sports is hiring a senior cryptocurrency-savvy brand director for its competitive gaming division, according to a recent job posting on LinkedIn. The company is exploring blockchain and NFT opportunities. "We set the pace for EA's investments in game subscriptions, PC stores and platforms, competitive gaming (including FIFA, Apex Legends, and Madden NFL), and new business opportunities (including fantasy sports, blockchain, and NFTs)." EA Looking for potential candidates with at least 10 years experience in brand development, marketing and audience growth. (U. Today)
People's Punk (DDDD) went live on Uniswap with a 16-hour trading volume exceeding $34 million
According to data from CoinGecko, the trading volume of People's Punk (DDDD) on Uniswap exceeded 34 million US dollars in 16 hours. People's Punk revealed the economic model of its token DDDD last night. The total supply is 1 billion pieces, 70% will be allocated to contributors, 20% will be used as liquidity incentives, and 10% will be used as reserves for future investment. The story behind People's Punk is that 173 community members each provided 1 ETH to raise 173 ETH. Use 100ETH to buy Punk173, 70ETH to provide liquidity, and finally 3ETH to deposit in the treasury.
U.S. House of Representatives Introduces Two Bills Aiming at Requiring CFTC to Clarify Crypto Regulation
The Virtual Currency Consumer Protection Act of 2021 requires the CFTC to prepare a report specifically addressing price manipulation in virtual asset markets and make regulatory recommendations to mitigate any identified issues. (The Block)
digital currency
Charles Hoskinson, CEO of IOHK (responsible for the development of the Cardano protocol), said that he is pleased that blockchain startup dcSpark's new sidechain project "Milkomeda" will allow EVM-compatible smart contracts to be executed on the Cardano mainnet. Additionally, the Milkomeda project promises to provide interoperability between Cardano and other L1 blockchains, such as Solana, in the future. (Crypto Globe)
News Rollup cross-chain bridge HopProtocol launched the cross-chain bridge Hoptimism, which connects the Ethereum expansion solution Optimism and Ethereum and other expansion solutions, and can transfer assets into and out of Optimism in a few minutes.
News Rollup cross-chain bridge HopProtocol launched the cross-chain bridge Hoptimism, which connects the Ethereum expansion solution Optimism and Ethereum and other expansion solutions, and can transfer assets into and out of Optimism in a few minutes.
Data: The number of addresses holding more than 10 ETHs has reached a five-month high
The Chedi Andermatt, a luxury five-star hotel in the Swiss Alps, has started accepting bitcoin and ethereum payments. From now on, if hotel guests pay more than 200 Swiss francs (about 218 U.S. dollars), they can choose to pay in bitcoin or ethereum. It is reported that the hotel has been considering accepting cryptocurrencies for four years. (U. Today)
Industrial blockchain
Industrial blockchain
Since January this year, Hainan has taken the lead in launching an intelligent blockchain financial electronic bill business management mechanism in the country, and has innovated a new "chain Hainan" government service model of "zero errands, high efficiency, and digitalization". As of now, the province has issued 26.61 million blockchain financial electronic bills, involving an amount of over 40 billion yuan. (Tencent)
global policy
global policy
Kyrgyzstan’s National Financial Market Supervisory Authority (Gosfinnadzor) has launched a new regulatory framework to give legal status to cryptocurrency exchanges. Authorities have also proposed a draft clause to regulate cryptocurrency exchanges, according to local media reports. The draft articles stipulate the status, functions, rights and obligations of crypto exchanges, mandatory requirements for the activities of crypto exchanges, and the completion of registration procedures in the unified national registry. Additionally, it requires service providers of crypto exchanges to comply with existing AML/CFT measures. (AMBCrypto)
Spanish Bank to Announce New Regulatory Requirements for Cryptocurrency Exchanges and Digital Asset Custody Platforms
The Securities and Exchange Board of India (SEBI) has announced plans to introduce a security and covenant monitoring system for non-convertible debentures (NCDs) by April 1, 2022, relying on distributed ledger technology to monitor and record financial instruments. The system will track covenants and will monitor the credit ratings of NCDs, and will provide necessary permissions to trustees, issuers and credit rating agencies to update transaction data. In turn, this data will be accessed by stock exchanges and depositories to provide a more transparent process. It is reported that the stored data will be cryptographically signed, time-stamped, and added to the ledger in sequence, leaving a verifiable transaction audit trail. In its statement, SEBI said transaction history and data on the ledger will be "fully" encrypted and shared with essential stakeholders only on a "need-to-know basis." (Coindesk)
Character·Voice
Character·Voice
Chainalysis Releases Global DeFi Adoption Index: U.S. Leads, China Fourth
The encryption analysis company Chainalysis released the global DeFi adoption index, and the United States, Vietnam, Thailand, China, and the United Kingdom ranked the top five. The index, which ranks 154 countries, consists of three indicators: on-chain cryptocurrency value received by DeFi platforms, weighted by purchasing power parity per capita; total retail value received by DeFi platforms; and personal deposits on DeFi platforms . Chainalysis noted that many of the top-ranked countries are countries with significant current or previous flows of cryptocurrency value, typically upper-middle-income countries, or countries with well-developed cryptocurrency markets, especially strong professional and institutional markets. In addition to the above five countries, the rankings of Western European countries are relatively high. The report pointed out that from April 2019 to about June 2020, the vast majority of the network traffic of the Defi protocol came from North America, and the proportion of Western Europe began to increase from about September 2019. Around June 2020, with more and more traffic from other regions, especially Central Asia and South Asia, the total value sent to the DeFi platform began to increase significantly. China is already one of the countries with the largest DeFi transaction volume, but the share of DeFi protocol network traffic in East Asia is still relatively low compared to centralized cryptocurrency services. (Fintech Times)
A survey of mostly banking executives has found that most believe bitcoin and digital assets could replace fiat currencies like the U.S. dollar within the next five to 10 years. This change is called an "earthquake". An overwhelming 81 percent of nearly 1,300 executives surveyed believe the technology behind bitcoin and cryptocurrencies is largely scalable and has already been adopted by the general public. Meanwhile, 73% believe their business should adopt blockchain or lose their competitive advantage. “The evolution of blockchain-based digital assets has led to a massive shift in the financial services industry,” consultants led by Deloitte LLP’s Linda Pawczuk wrote in a report. (Forbes)
