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IMF: A Sound Regulatory Framework for Crypto Assets Must Be a Priority on the Global Policy Agenda
Binance Launches $1 Billion Fund Focused on Growing the Binance Smart Chain Ecosystem
Binance announced on Tuesday the launch of a $1 billion fund to grow the Binance Smart Chain (BSC) ecosystem. The fund is divided into four categories: Talent Development Program, Mobility Incentive Program, Builder Program and Investment Incubation Program. Specifically: - $100 million will be allocated to talent development programs aimed at mentoring the developer community, providing academic scholarships to institutions, and supporting crypto and blockchain-related R&D activities. - USD 100 million will be used for the liquidity incentive plan, which will reward liquidity providers who support the BSC-based DeFi protocol. - $300 million will be allocated to the builders program, further split into two sub-categories: $100 million to hold hackathons, bug bounties and development programs, and $200 million to incubate 100 DApps built on top of BSC . - $500 million will be used for investment and incubation programs aimed at investing in startups in various fields, including decentralized computing, gaming, metaverse, virtual reality, artificial intelligence, and blockchain-based financial services.
digital currency
digital currency
Citigroup: Disney and Electronic Arts will benefit most from NFT
Intel's new GPU products do not set restrictions on cryptocurrency mining functions
secondary title
Blockchain industry
Blockchain industry
Cryptocurrency lending platform Celsius Network completed US$400 million in equity financing, led by WestCap and Caisse de dépôt et placement du Québec (CDPQ), with a post-money valuation of more than US$3 billion. WestCap is a fund founded by former Airbnb and Blackstone executive Laurence Tosi; CDPQ is Canada's second-largest pension fund. It is reported that Celsius Network is struggling to deal with increasing scrutiny from US regulators, and several states have asked it to stop offering interest-bearing accounts.
Report: More than 100 million Indians own cryptocurrencies
According to the research report of the portal website BrokerChoose's annual encryption popularity index, more than 100 million people in India own cryptocurrencies, ranking first in the world, followed by the United States and Russia. India ranks fifth in terms of population ratio, with 7.3% of the population owning cryptocurrencies. The top four are Ukraine (12.73%), Russia (11.91%), Kenya (8.52%) and the United States (8.31%). The report pointed out that the Indian encryption market has grown by 641% in the past year, measured by the total amount of cryptocurrency received. Additionally, a survey by consulting firm Kantar revealed that 19% of urban Indians plan to invest in cryptocurrencies within six months. The most willing to invest in cryptocurrencies are BTC (75%), ETH (40%), BNB (23%) and XRP (18%). At present, the Indian cryptocurrency exchange CoinSwitch Kuber has 11 million users, WazirX has 8.3 million users, and Zerodha has more than 7 million users. (The Times of India)
The Xicheng District Government of Beijing issued today the "Several Regulations of Beijing Xicheng District to Support the Independent Innovation of Zhongguancun Science and Technology Park Xicheng Park" (referred to as the "Ten Rules for Science and Technology Innovation"), and the maximum reward for technology incubation institutions and innovative enterprises with significant influence is 10 million yuan , the policy is expected to be cashed in an average of more than 100 million yuan per year, and the "Ten Measures of Science and Technology Innovation" will encourage technologies such as blockchain to be used in urban management, improvement of people's livelihood, protection and utilization of cultural relics, energy conservation and environmental protection, transformation and upgrading of traditional industries, and construction of key industrial functional areas. Applications.
Paralink Network, the Polkadot ecological oracle protocol, tweeted that the team is redesigning some of the core functions of the Paralink oracle machine to support new blockchains and new functions. The team is defining the staking parameters, and the details will be published on the new website later.
The Chinese government-backed blockchain project, Blockchain-Based Service Network (BSN), continues to expand its global reach with the launch of two new portals in Turkey and Uzbekistan. Red Date Technology, the architect behind the BSN project, has signed an agreement with Turkish consulting firm Turkey-China Business Matching Center (TUCEM) to launch two international BSN portals in Turkey and Uzbekistan in late December 2021. Established in 2006, TUSEM has become a major economic cooperation center between Turkey and China. The company will be the exclusive operator of two new BSN portals offering blockchain-as-a-service (BaaS) in Turkey and Uzbekistan. The new portal will allow blockchain developers in Turkey and Uzbekistan to build BaaS applications using global BSN portals that support major blockchains such as the Ethereum network, Algorand, Polkadot, Tezos, ConsenSys Quorum, Corda, and more. The program aims to address the significant challenges associated with developing blockchain applications, enable blockchain interoperability and reduce development costs.
global policy
The Texas Democratic Party has partnered with Front Row, a marketplace for progressive organizations, to pilot an initiative to use NFTs to raise money for candidates and causes. Front Row said it has produced digital images of key moments related to the progressive movement and listed the NFT for sale. Front Row said the funds raised through its NFT would go "directly to political groups and individuals," but did not specify how it plans to make digital purchases comply with current campaign finance laws.
Character·Voice
V God: Ethereum can surpass Bitcoin as a store of value asset
Character·Voice
V God: Ethereum can surpass Bitcoin as a store of value asset
Ethereum co-founder Vitalik Buterin was recently asked in an interview whether he could see Ethereum surpassing Bitcoin not only in price value, but as a store of value asset, he simply answered “it Yes", and said: "I think the biggest difference between Ethereum and Bitcoin is that Bitcoin is a platform, and the value of the ecosystem comes from the value of the currency, while in Ethereum, the value of the currency comes from the value of the ecosystem ... especially after EIP1559, when fees are burned, this becomes a reality in a more immediate economic sense." When asked if The DAO will be the next one in the cryptocurrency ecosystem with the success of DeFi and NFT And the emerging department, V God said: "I think over time, DAO will definitely become more important. In terms of what is still missing in the DAO field, I don't think any of it is a big thing, but more Small things.” In addition, V God believes that from a cultural perspective, NFTs are interesting because they bring people into Ethereum, and their way of thinking is completely different from DeFi and ordinary cryptocurrency people.
