| a16z executives plan to meet with high-level U.S. officials this week to push for Web3 legislation; the lock-up volume of DeFi protocols exceeds 200 billion U.S. dollars (October 14)
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2021-10-14 01:25
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Standard Chartered CEO: Cryptocurrencies will "continue to exist" and will play a huge role in the future.

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a16z executives plan to meet with US Congress and White House officials this week to promote Web3-related legislation

Financial services giant Visa is launching an NFT-backed program to help artists enter the digital art space. Visa said in a press release that it is working with former Major League Baseball player and current NFT artist Micah Johnson to establish a program that will support artists who want to use NFT to sell their works. Visa will select a small group of creators through an application process and then help them learn about the crypto and blockchain industry.


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Visa launches NFT program to support digital artists

Financial services giant Visa is launching an NFT-backed program to help artists enter the digital art space. Visa said in a press release that it is working with former Major League Baseball player and current NFT artist Micah Johnson to establish a program that will support artists who want to use NFT to sell their works. Visa will select a small group of creators through an application process and then help them learn about the crypto and blockchain industry.

Polkadot’s first parachain auction is scheduled to start on November 11

According to Polkadot's official Twitter message, Proposal No. 118 has been submitted to the Polkadot Council, and the auction is scheduled to start on November 11, 2021. If the council approves and the community passes the referendum, Polkadot’s parachain auction schedule is as follows: The first batch of auctions will start on November 11, with a total of five auctions (auction 1-5), each 7 days, and the lease period is 6 from Started on December 17; the second batch of auctions will start on December 23, with a total of five auctions (auctions 6-10), each 7 days; auction 11 starts on March 3, 2022, and the lease period of 7 starts from 3 Starts on 9th.

Polkadot’s first parachain auction is scheduled to start on November 11

According to Polkadot's official Twitter message, Proposal No. 118 has been submitted to the Polkadot Council, and the auction is scheduled to start on November 11, 2021. If the council approves and the community passes the referendum, Polkadot’s parachain auction schedule is as follows: The first batch of auctions will start on November 11, with a total of five auctions (auction 1-5), each 7 days, and the lease period is 6 from Started on December 17; the second batch of auctions will start on December 23, with a total of five auctions (auctions 6-10), each 7 days; auction 11 starts on March 3, 2022, and the lease period of 7 starts from 3 Starts on 9th.

Ripple exec leaves to join Fireblock

NBA Dallas Mavericks owner Mark Cuban disclosed on Twitter that he holds NFTs, some of which are on sale. Cuban said that he bought most of the NFTs out of personal preference. The NFT currently held by Cuban includes CryptoPunk #869, Hashmasks #7781, Stoner Cats #70, Stoner Cats #71, BAYC, Avastart #20408, etc.


Blockchain industry

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Dapper Labs and Boardroom, a company owned by NBA superstar Durant, jointly develop NFT projects

Makor Group has raised $17 million in Series A funding at a valuation of $200 million, part of which will be used to expand crypto-economic businesses

Boardroom, a sports media company founded by Thirty Five Ventures, an investment company owned by NBA superstar Kevin Durant, has established a two-year partnership with chain game company Dapper Labs. In this cooperation, Durant and Thirty Five Ventures will be responsible for creative development, planning and creation of NBA Top Shot Moments and video content.

Makor Group has raised $17 million in Series A funding at a valuation of $200 million, part of which will be used to expand crypto-economic businesses

News brokerage and investment banking company Makor Group completed A-round financing of US$17 million, with a post-investment valuation of US$200 million. New strategic partner Algorand and British billionaire Alan Howard participated in the investment. It also has a strategic partnership with US-based Anonymous Asset Management, the company said. Additionally, Algorand CEO Steven Kokinos has joined Makor’s board of directors. Some of the cash from the round will be used to scale up Makor’s crypto brokerage subsidiary, Enigma Securities, which will see more than $2 billion in monthly trading volume during 2021. Additionally, the new financing will be used to help Makor with international expansion and acquisitions. In its press release, Makor said it plans to leverage Algorand's blockchain expertise to build and distribute digital assets to help institutions access crypto products.

Guangdong: Promote the deep integration of blockchain and digital economy

The People's Government of Guangdong Province issued the "14th Five-Year Plan for Science and Technology Innovation of Guangdong Province" today, which pointed out that the implementation of special research and development projects around blockchain and other fields will promote the construction of trusted data service network infrastructure, and the development of independent, controllable and interconnected areas. Block chain open source platform. Focus on mathematics, information science, cryptography and other basic sciences and applied sciences to carry out research, strengthen key core technologies such as consensus mechanism, smart contract, encryption algorithm, distributed storage, cross-chain and sharding, and explore blockchain and new generation information Technology integration and application form a block chain technology research and development and industrial application highland. In terms of emerging industrial clusters, blockchain and quantum information are one of the top ten strategic emerging industrial clusters, breaking through a number of blockchain underlying core technologies, componentized general technologies, and subdivided industry-specific technologies to create autonomous and controllable areas Blockchain underlying platform. Focus on key core technology research and integrated applications in areas such as blockchain communication, explore the formulation of standards and specifications, promote the innovative application of blockchain and other emerging platform software, and promote the depth of blockchain and digital economy, people's livelihood services, social governance and other fields fusion. Develop emerging digital industries such as blockchain, accelerate the integration and application of blockchain and other technical means in the field of public security risk prevention and control, strengthen the application of blockchain and other information technologies in the management of scientific and technological plans, and improve the efficiency of scientific and technological innovation resource allocation.

Data: Bitcoin computing power in the United States has exceeded 35% of the entire network computing power, ranking first

According to data from the Center for Alternative Finance (CCAF) at the University of Cambridge, as of the end of August, the Bitcoin computing power in the United States has reached 35.4% of the total network computing power, which has more than doubled from 16.8% at the end of April, followed by Kazakhstan and Russia. Three, with computing power accounting for 18.1% and 11% respectively, an increase of 120.73% and 61.76% from the figures of 8.2% and 6.8% at the end of April. Due to the policies introduced by China, the Bitcoin computing power dropped by about 38% in June, but there was a 20% rebound in July and August. China's Bitcoin computing power accounted for more than 75% in September 2019, but has now "virtually dropped to zero" due to policy reasons.

The Zunyi police smashed a large virtual currency money laundering gang, involving 800 million yuan in money laundering

Beijing Financial Holding Group Co., Ltd. and Bank of China Co., Ltd. signed a comprehensive strategic cooperation agreement. The two parties will combine existing business scenarios to jointly study and promote the use of digital renminbi in scenarios such as the Winter Olympics.



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global policy

G20 finance ministers, central bankers: Don't start using 'global stablecoins' until all requirements are met

Bank of England Deputy Governor Discourages Cryptocurrency Use in UK Financial System, Calls for More Regulation


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Bank of England Deputy Governor John Culifferthe has discouraged the use of cryptocurrencies in the UK financial system. He had earlier declared that despite the growing support for cryptocurrencies in the U.K. financial system, they were not a significant threat. However, he also suggested that as digital currencies continue to expand, regulation should be strengthened. The bank also said in an article that there is a need to regulate cryptocurrencies both locally and internationally.

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Fidelity Global Head of Macro: Bitcoin may reach $100,000 in the next few years

Jurrien Timmer, global head of macro at Fidelity Investments, said that by the end of 2021, Bitcoin may not reach $100,000 as investors hope, but Bitcoin may reach this goal within a few years.

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