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| Libra hearing: Facebook will not control Libra supply; Bitcoin falls below $10,000

王也
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The privacy coin project BEAM is expected to execute its first hard fork on August 15.
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The privacy coin project BEAM is expected to execute its first hard fork on August 15.

headlines

headlines

Libra hearing | David Marcus: Libra supply will not be controlled, Libra will support 1:1 reserve

Hearings for Facebook Libra are underway. David Marcus said at the meeting that he does not want to control the supply of Libra now, and no company will do so. Libra will support a 1:1 reserve, which is designed for stability. Opening an account requires a government-issued ID and passing anti-money laundering and anti-terrorist financing certification requirements.

According to the Binance market, the price of BTC broke through the 9500 USDT barrier and is now at 9503.0 USDT, a 24-hour drop of 12.60%. Reminder, pay attention to controlling investment risks. (Data source: HOLD Quotes)

digital currency

Privacy coin project BEAM is expected to execute its first hard fork on August 15

Privacy coin project BEAM is expected to execute its first hard fork on August 15

Analysis: Bitcoin and Bitcoin Cash could halve at the same time

Analysis: Bitcoin and Bitcoin Cash could halve at the same time

Polkadot Launches an Early Experimental Version of Kusama

Blockchain interoperability protocol Polkadot launches Kusama "canary network". Polkadot proposed Kusama, an early experimental version of the protocol designed for real economic conditions. Kusama will purportedly enable developers to build and use parachains or test Polkadot’s governance, staking and other features in a real environment. (Cointelegraph)

Blockchain application

Report: Global Blockchain in Healthcare Expected to Reach $1.7 Billion by 2026

Report: Global Blockchain in Healthcare Expected to Reach $1.7 Billion by 2026

People familiar with the matter: Nasdaq and Citigroup have shelved blockchain cooperation projects

People familiar with the matter: Nasdaq and Citigroup have shelved blockchain cooperation projects

Tencent Yujian: The Ryuk ransomware that seriously endangered North America was introduced into China, and the victim was extorted 11 BTC

Tencent Yujian: The Ryuk ransomware that seriously endangered North America was introduced into China, and the victim was extorted 11 BTC

Grayscale Bitcoin Trust Assets Under Management Hits Record High of $2.8 Billion, But Institutional Demand Is Weak

Assets under management at the Grayscale Bitcoin Trust (GBTC) hit an all-time high of $2.8 billion. As of the end of June, Grayscale held 225,316 bitcoins, just under 1.3% of bitcoin’s total circulating supply. Bitcoin inflows (joined with the amount of Bitcoin held by GBTC) are hitting lows, suggesting a decline in institutional interest. (The Block)

global policy

The G70 finance ministers meeting will discuss the popularization of Libra, financial supervision and other issues, and plans to establish international digital tax rules

The G70 finance ministers meeting will discuss the popularization of Libra, financial supervision and other issues, and plans to establish international digital tax rules

France to Approve First Cryptocurrency Issuers

France to Approve First Cryptocurrency Issuers

French financial regulators are preparing to approve the first batch of cryptocurrency-related companies under new rules on digital currencies. Under the rules, which are set to go into effect later this month, crypto-related companies will voluntarily comply with standards on capital requirements and consumer protections, and pay taxes in France in exchange for the regulator’s approval. (Reuters)

Altonomy, a blockchain financial service organization, completed a $7 million seed round of financing, led by Polychain Capital

Investment and Financing

Altonomy, a blockchain financial service organization, completed a $7 million seed round of financing, led by Polychain Capital

According to a press release on July 15, Altonomy, a blockchain financial services organization, completed a $7 million seed round of financing, led by Polychain Capital and followed by Singaporean investment agency 7 Blocks. (Cointelegraph)

Character·Voice

Character·Voice

Head of Facebook's Libra project: Libra has no intention of competing with any sovereign currency, nor will it be launched rashly

David Marcus, head of the Facebook Libra project, is about to appear on the eve of the hearing, and a testimony has been disclosed in advance. In the testimony, Marcus stated that Libra is a payment instrument, not an investment. People don't buy it to hold on to, like a stock or bond, and expect it to pay income or increase in value. Instead, Libra is more like cash. He said that Libra has no intention of competing with any sovereign currency or entering the field of monetary policy. The Libra Association will work with the Federal Reserve and other central banks to ensure that Libra does not compete with sovereign currencies or interfere with monetary policy.

Bitmain responds to its "Texas data center project stranded": The report is not true, and the project is currently in normal operation

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