headlines

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headlines

Hebei Provincial Cyberspace Affairs Office and relevant departments carry out rectification of virtual currency mining and trading behavior

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler assured the Senate that regulators are working overtime to create a set of rules to oversee the volatile cryptocurrency market while balancing the interests of U.S. innovators. Gensler said, “Currently, we don’t have adequate investor protection in terms of cryptocurrency finance, issuance, trading, or lending. Frankly, at this point, it’s more like the Wild West or the ‘buy investors’ that existed before the securities laws.” Home beware' of the old world."

digital currency

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digital currency

Jump Capital launches new $350 million fund to focus on crypto

Ethereum developer Marius VanDerWijden said that today someone tried to attack Ethereum by publishing long blocks (about 550) containing invalid PoW, but failed. Only a portion of Nethermind nodes switched to this invalid chain. All other clients rejected the long sidechain as invalid. A good chain has the above side chains in length. It looks like the attacker didn't dig further on the invalid chain he posted. Client diversity makes Ethereum stronger.

Blockchain industry

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NiftyTabIe tweeted that since OpenSea completed the NFT market deployment on the Polygon blockchain at the beginning of the year, the transaction volume has been increasing. The latest data shows that in August, the transaction volume on the Polygon chain reached 51.7 million US dollars, a record high. During the same period, the number of OpenSea wallets that sold or bought an NFT on the Polygon blockchain reached 190,000, of which 85.5% only conducted NFT transactions on the Polygon blockchain. 77% of OpenSea's NFT sales on the Polygon blockchain are less than $100. This is because the Gas fee on the Polygon blockchain is low, which attracts many small and medium traders and helps to improve the accessibility of NFT. At present, the three NFT projects with the largest trading volume on the Polygon chain on the OpenSea platform are Zed Run (29,000 ETH), MyCryptoHeroes (27,100 ETH) and Decentraland Wearables (22,600 ETH).

global policy

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global policy

Bank of Russia advises banks to block cards and wallets used to trade with cryptocurrencies

According to Forklog, the Central Bank of Russia has released a set of standards that banks can use to identify cards and e-wallets used by companies operating in the shadow economy. According to the monetary authority, these include not only illegal foreign exchange dealers and financial institutions, but also cryptocurrency exchanges. The bank is particularly concerned about transactions between private individuals, as the regulator claims these entities often use accounts registered under pseudonyms to make and receive payments. The Russian central bank is expected to analyze and identify suspicious transactions as part of its anti-money laundering (AML) efforts and terminate services.

Central Bank of Nigeria Deputy Governor: CBDC is a safer option than privately issued cryptocurrencies

Laos government approves six companies to trial cryptocurrency mining and trading, and instructs central bank and other agencies to set standards for cryptocurrency use in the country

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The Laotian government has approved a pilot program to trial cryptocurrency mining and trading for six companies in the country, The Lao Times reported on Monday. According to a statement released by the country’s prime minister’s office, four construction companies, an IT firm and state-owned JDB Bank were allowed to mine and trade cryptocurrencies. The six companies are allowed to transact using Bitcoin and Litecoin. Additionally, the Lao government has directed several regulators, including the central bank, to develop standards for the use of cryptocurrencies in the country. Prime Minister Phankham Vipkhavanh plans to hold a working meeting with the government later this week to discuss the potential of using cryptocurrencies in the country.

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