| Facebook’s stable currency may be launched in India in the third quarter; Li Xiaolai resigned as executive director of Xiong’an Technology to focus on blockchain research
headlines
Editor | Liang Chen
Produced by Odaily
headlines
According to people familiar with the matter, although the internal work of Facebook's blockchain team remains confidential, it is currently expanding its staff and has hired several former PayPal employees to participate in the project. Its product, which could be a stablecoin, could launch as early as next quarter, the people said. As previously reported, the Facebook blockchain team is developing a dollar-pegged stablecoin to reduce the possibility of price volatility. The product may eventually allow users to send money via WhatsApp stablecoin transfers. (Bloomberg)
digital currency
digital currency
In response to the 88% drop in Bitmain’s computing power, Bitmain exclusively responded to Odaily that there are two main reasons for the sudden drop in computing power: 1. Selling some S9 mining machines; 2. The new mine is still under construction, and the computing power is being adjusted .
Bitfinex officially released the LEO white paper，The LEO repurchase plan has been revised to "repurchase until there is no commercial circulation of LEO"
On May 8, Bitfinex officially released the English version of the white paper for LEO. After verification, the details of the "LEO repurchase and destruction model" in the white paper have been adjusted compared with the original English version. up to commercial circulation LEO".
Blockchain application
Blockchain application
Guangzhou conducts a pilot project of issuing blockchain electronic invoices in the parking industry
Trusted blockchain promotion plan BaaS standard officially released
Trusted blockchain promotion plan BaaS standard officially released
UK's Northern Ireland capital to launch its own cryptocurrency, Belfast Coin
UK's Northern Ireland capital to launch its own cryptocurrency, Belfast Coin
Investment and Financing
Investment and Financing
Blockchain digital ID startup Helix receives seven-figure investment from Finlab EOS VC
global policy
global policy
The Illinois State Assembly is considering Bill 3575, which allows state agencies and local government entities to use blockchain technology to build smart contracts, store important records and evidence in court proceedings, and meet legal writing requirements and signatures Require. House Majority Leader Assistant Dave Koehler, co-sponsor of the bill, said that by using blockchain technology at the local and state level, private data can be better protected and state agencies and local governments can be connected. The bill recently passed the Senate Telecommunications Committee and is now awaiting a full Senate vote. (Geneseo Republic)
Character·Voice
Character·Voice
ConsenSys founder: Everything in Ethereum must improve
On May 7, the Ethereum price rally finally outperformed Bitcoin, surging more than 6%. Ethereum co-founder and ConsenSys founder Joe Lubin was recently featured on the Chain Reaction podcast hosted by Delphi Digital co-founder Tom Shaughnessy. He talked about some of the "growing pains" Ethereum suffered along the way, saying that Ethereum 1.0 was a "starting point" that developers knew it "wouldn't scale." (Coinyee)
[Original link][Original link]
On May 7, Li Lihui, the former president of the Bank of China, said in an interview with reporters that the blockchain can solve the problem of high cost of the current commercial credit mechanism to a certain extent through technology in an environment of relatively weak trust, and can promote The development of inclusive finance. At the same time, if the blockchain adopts the technical framework of the alliance chain, establishes a multi-party participation system, and then establishes an efficient network, it can improve the efficiency of financial transactions. "Of course, if the blockchain technology can break through the bottlenecks of underlying technologies such as underlying protocols, smart contracts, and cryptography, the development space and applications will be broader." (Fuzhou News Network)
Li Lihui, former president of the Bank of China: Blockchain makes financial transactions safer
On May 7, Li Lihui, the former president of the Bank of China, said in an interview with reporters that the blockchain can solve the problem of high cost of the current commercial credit mechanism to a certain extent through technology in an environment of relatively weak trust, and can promote The development of inclusive finance. At the same time, if the blockchain adopts the technical framework of the alliance chain, establishes a multi-party participation system, and then establishes an efficient network, it can improve the efficiency of financial transactions. "Of course, if the blockchain technology can break through the bottlenecks of underlying technologies such as underlying protocols, smart contracts, and cryptography, the development space and applications will be broader." (Fuzhou News Network)
