| The market value of Bitcoin surpasses PayPal; the capital disk "Silicon Valley block chicken" is suspected of running away, and the amount involved may reach tens of billions
headlines
Bitcoin's market cap surpasses that of PayPal
With the U.S. stock market falling for several days, the market value of many technology companies has shrunk. The current share price of payment giant PayPal is 93.48 US dollars, with a market value of 109.65 billion US dollars. At the same time, according to data from CoinMarketCap, the price of Bitcoin is $6336.09, with a market capitalization of about $115.918 billion, surpassing PayPal.
Bitcoin's market cap surpasses that of PayPal
Recently, some whistleblowers reported that a blockchain fund called "Silicon Valley Block Chicken" was suspected of crashing and running away, and the related App could no longer be logged in. A large number of investors lost their principals ranging from hundreds of thousands to several million yuan. According to the estimates of some investors, the overall amount involved in the case of "Silicon Valley Block Chicken" and its related funds may be as high as tens of billions. It is reported that the operating entity of "Silicon Valley Block Chicken" is Liaoning Haoyang Technology Co., Ltd., and the actual controller of the company is Guan Xin. At present, Guan Xin has been listed as a dishonest person subject to execution by the People's Court of Lianshan District, Huludao, Liaoning Province. (Beijing Time Finance)
digital currency
The submission time of Mentougou Liquidation Compensation Plan has been postponed again, and the latest submission date is July 1
The Mentougou Mt.Gox trading platform liquidation compensation plan originally planned to be submitted on March 31 has been postponed again. The latest submission time is July 1, 2020, which has been postponed for 3 months.
V God: The Ethereum 2.0 team may launch a multi-client testnet in April
Tokenview: Tether printed a total of 420 million USDT in the past week
According to Tokenview stablecoin data, as of 0:00 on March 30, Tether has newly printed 420 million USDT in the past week, a decrease of 27.33% from the previous month. 107 million of the issued USDT flowed into 4 exchanges led by Huobi and Binance.
Stablecoins on Ethereum are flooding in, BUSD supply up 186% in 30 days
OKCoin Obtains Japanese Exchange License, Another Success in Globalization Strategy
On March 30, OKCoin Group announced that its subsidiary OKCoin Japan successfully passed the approval of the Japan Financial Services Agency and won the Japanese digital currency exchange license. So far, OKCoin has become the first and currently the only digital currency exchange recognized by the Japan Financial Services Agency through an independent application among the world's top exchanges. It is reported that the first batch of OKCoin Japan will launch five digital currencies including BTC, BCH and ETH, including Japanese yen and currency transactions.
The Tron Foundation has launched a stablecoin system similar to MakerDAO called "Djed". Justin Sun originally revealed the project in January, when he said that the TRON community would launch a new decentralized stablecoin backed by Tron (TRX) and BitTorrent (BTT) tokens. Djed’s white paper reveals that Tron’s new stablecoin is called “USDJ,” which users can generate with TRX collateral. (The Block)
Blockchain industry
Ethereum privacy technology solution AZTEC discloses new technology ZK² Rollup
Ethereum privacy technology solution AZTEC has released ZK² Rollup technology, which combines ZK Rollup, an Ethereum expansion solution that improves transaction throughput, and ZK-SNARKs, which improves the privacy of each transaction, to reduce the cost of privacy transactions in the Ethereum network And build a high-speed privacy network. Currently, developers can use the Privacy SDK to integrate privacy payments into DApps. The new technology will support three kinds of privacy: account balance privacy, user privacy (coming soon) and code privacy. (Medium)
People's Digital FINTECH produced "Interesting Science | Blockchain Animation". For details, please click the "Original Link". (People's Daily Digital Communication)[Original link]
Investment and Financing
secondary title
Telegram is seeking to sell tokens to non-U.S. investors after a New York federal judge imposed an injunction on Telegram's token offering. In a letter to Judge Castel on Friday, Alexander Drylewsky, an attorney representing Telegram, asked the court to clarify whether the ban applies to non-U.S. investors in TON. In two funding rounds in February and March 2018, about a quarter of the $1.7 billion Telegram raised, or $424.5 million, came from U.S. investors, the court filing shows. Telegram argues that the rest of the fundraising should be exempt from U.S. securities laws. (CoinDesk)
global policy
Polychain Capital Encryption Hedge Fund's overall return rate can reach 1332.3%
global policy
Bank of France Calls for Digital Currency Experiment Projects
On March 27, the Bank of France issued a call for proposals for the “experimental” application of CBDC. According to the Bank of France, these projects will help the Bank of France understand the risks and mechanisms of CBDC, and also contribute to the dialogue on digital currency in the euro area. It is reported that the experiment is divided into three stages, including designing the digital currency, analyzing its impact, and finally implementing operations. In addition, the project will examine the potential impact of CBDC on market infrastructure, monetary policy, macroeconomic factors, and legal and regulatory frameworks. Applicants must be based in the European Union, and the Banque de France will select up to 10 candidates on July 10. (CoinDesk)
Character·Voice
Data: Bitcoin balance of miners has decreased by more than 8% in the past 30 days
TokenAnalyst data shows that the Bitcoin balance of miners has decreased by 13.26% in the past 30 days. Although Bitcoin has rebounded recently, its trend has greatly affected investor sentiment, and it has also exacerbated the current uncertainty in the market. (CryptoSlate)
