| Zhou Hongyi: Facebook will become an online country with billions of people; Polkadot successfully sold 500,000 tokens

headlines

headlines

Zhou Hongyi, the founder of 360, recently commented on Facebook’s release of the cryptocurrency Libra, saying that “in the future, many government powers will be taken away by Internet companies...Zuckerberg will build his own online country with billions of people.” Zhou Hongyi said that Facebook has not only controlled public opinion, but is now about to control everyone's property.

digital currency

digital currency

Some ERC-20 tokens will be traded on the Swiss Stock Exchange via R3's Corda

Swiss security token company BlockState revealed that it plans to introduce (passport) six ERC-20 tokens on Ethereum to Corda, a blockchain platform developed by R3. Until the end of the year, the tokens will be locked in ethereum’s smart contracts, and “mirrored” versions of them will run on Corda. This is similar to a global depositary receipt. It is reported that R3 will build the network for the digital securities exchange platform (SDX) to introduce ERC-20 tokens.

As the price of Bitcoin soars this round, the assets of crypto funds and crypto billionaires doubled

As the price of Bitcoin soared this round, the total encrypted assets of Bitcoin investment company Grayscale (Grayscale) exceeded the $3 billion mark. Grayscale’s official May report said 56% of total investment in the first quarter was driven by hedge fund inflows, which brought the company’s total inflows up 42% from the previous quarter. The Grayscale Bitcoin Trust (GBTC) is the biggest beneficiary of hedge fund inflows, with the product accounting for nearly $2.85 billion of Grayscale’s total assets under management. Also benefiting from surging prices are crypto tycoons such as the Winklevoss brothers, whose wealth has doubled since the beginning of the year to $1.45 billion.

Blockchain application

Blockchain application

PwC Starts Auditing Services for Eight Cryptocurrencies, Including BTC and ETH

PwC Starts Auditing Services for Eight Cryptocurrencies, Including BTC and ETH

PricewaterhouseCoopers, one of the Big Four accounting firms, has begun to provide cryptocurrency audit services and can currently cover audits of eight cryptocurrencies, including BTC and ETH. In the past year, PwC has designed tools that can verify whether the private key and public key address of an encrypted asset account match, so that the ownership of the encrypted asset can be confirmed. According to PwC, the tool has been used to audit the accounts of Hong Kong-listed blockchain investment firm BC Technology Group Ltd, which owns cryptocurrency over-the-counter trading service OSL.

On June 27, the person in charge of Klaytn China, the official blockchain platform of Groundx, a blockchain company under South Korean Internet giant Kakao, announced this morning that the mainnet will be launched soon. Previously, Klaytn has reached a strategic cooperation with Collin Capital in Asia. At the same time, Klaytn released its governance committee information today. The committee is composed of 23 top global companies, covering fields such as IT, telecommunications, content, games and finance. The first announced council members include LG Electronics, LGUplus, Union Bank of the Philippines, Enterprises such as Wanxiang Blockchain Lab. The CEO of Ground X said that the total market capitalization of participating companies is as high as 75 trillion won (about 64.8 billion U.S. dollars). Currently, there are 9 apps that can run with various tokens, including Hint Chain, AnTube.TV, and more. There will be 34 apps available by October, Kakao said.

Investment and Financing

Investment and Financing

Polkadot, the blockchain project of Ethereum co-founder Gavin Wood, has successfully sold 500,000 DOT tokens, the Web3 Foundation (W3F) said. While W3F did not disclose the exact amount raised, the sale is said to match the $1.2 billion valuation reported by The Wall Street Journal earlier this year. In the latest round, Polkadot allegedly sold 5% of the total token supply, which means Polkadot’s management team expects to raise $60 million.

global policy

global policy

Ripple has signed an agreement with regulatory technology startup Coinfirm for the use of XRP to comply with the latest FATF anti-money laundering rules. Coinfirm will provide information about cryptocurrency users, including: whether the cryptocurrency has been processed by a mixer; whether it involves transaction clustering (clustering), that is, sending small amounts of currency through many different addresses to mask large transactions; whether the funds come from due to known theft or hacking. Coinfirm CEO Pawel Kuskowski said the analysis did not include actual identities associated with cryptocurrency addresses. But it will include information on: whether the address is owned by an exchange that allows anonymous transactions; and whether the entity owning the address is registered in a high-risk country. In addition, each address zone will be divided into three risk levels of low, medium and high, and given a score from 0 to 99, of which 99 is the highest risk of money laundering.

Character·Voice

Character·Voice

S&P: Facebook's planned Libra cryptocurrency unlikely to become a reserve currency"This week, the G7 group came together to say they would not allow Facebook to launch Libra without careful scrutiny. Facebook's planned Libra cryptocurrency is unlikely to become a reserve currency because it may not receive regulatory approval, according to a report from S&P (Standard & Poor's) Global Ratings.