Binance intends to bid $400 million to acquire CMC; data shows that 88% of ETH addresses are at a loss

headlines

headlines

According to The Block, Binance’s negotiations to acquire the encrypted data site CoinMarketCap have entered the final stage. Binance wants to pay as much as $400 million for the deal, according to people familiar with the matter. The acquisition, which could be in the form of cash and stock, is expected to be announced this week. Once the acquisition is complete, it will be one of the largest acquisitions in the crypto space. According to SimilarWeb, CoinMarketCap attracted 207.2 million visitors in the past six months, 80% more traffic than Binance. People familiar with the matter said that CoinMarketCap’s ability to drive a large amount of traffic was one of the main reasons for the acquisition.

digital currency

digital currency

Data: 88% of ETH addresses are in a loss state, and the total amount of large ETH transactions is showing a downward trend

According to data from IntoTheBlock, at current prices, nearly 88% of Ethereum addresses are at a loss. In addition, the downward trend of ETH’s large transaction volume (a single transaction worth more than $100,000) is a bearish on-chain signal. (Cryptoslate)

Web3 Foundation: The Polkadot mainnet is about to complete the security audit and will be launched in mid-2020 as originally planned

Web3 Foundation Qinwen stated in a recent online event that the Polkadot mainnet is about to complete the security audit and will continue to promote the mainnet release as planned. Because of the current epidemic situation that the world is experiencing, the team has also made corresponding time adjustments. The release time of the main network will be launched in mid-2020 according to the original plan. (Polka World)

SEC asks court to reject Telegram's bid to sell tokens to non-U.S. investors

Late on Monday, the SEC asked the court to deny Telegram's bid to sell tokens to non-U.S. investors, saying Telegram was trying to narrow the scope of the preliminary injunction, which clearly states that Telegram must not deliver to any person or entity. Gram. (CoinDesk)

Binance to Launch Korean Cryptocurrency Exchange Binance KR on Binance Cloud

According to an official announcement, Binance is entering the South Korean market with its upcoming cryptocurrency exchange Binance KR, the first global use case of the Binance Cloud solution Binance announced last month. Binance KR will be launched in the next few days.

Kava will launch the test network 5000 on April 2, and will realize mortgage BNB loan USDX

Kava, the first DeFi project of Cosmos, announced on Weibo that the Kava test network 5000 is ready and will be launched on April 2, Beijing time. According to the announcement, the testnet will provide cross-chain CDP function, marking the first cross-chain interconnection between the Kava blockchain and Binance Chain in the Cosmos-Tendermint ecosystem, and it is also the last step to realize the collateralized BNB loan USDX .

Ethereum 2.0 will release the latest version v0.11.1 of the phase 0 code specification

Ethereum 2.0 will release the latest version v0.11.1 of Phase 0 code specification. Ethereum 2.0 researcher Danny Ryan said the release fixes some bugs found in the Phase 0 specification and will continue to refine the network's specifications as it works. Also, this release is not compatible with v0.11.0 release.

Media: Many creditors are dissatisfied with the draft Mt.Gox liquidation compensation plan

According to the Mt.Gox liquidation compensation draft document previously released by Nobuaki Kobayashi, it supports fiat currency, BTC, and BCH claim settlement methods. The proposal faced strong opposition from creditors, not least because most want to be paid in bitcoin (CoinDesk)

Dune Analytics officially stated that MakerDAO’s MKR token auction has ended. According to the data, a total of 21,000 MKR tokens were sold for 5.3 million Dai, with bids for each MKR ranging from 220 to 300 Dai, close to the market price. For some unknowable reason, there was a transaction offering 3090 Dai to buy MKR.

Blockchain industry

Blockchain industry

secondary title

Investment and Financing

Investment and Financing

HDR Global Trading, the parent company of BitMEX, announced that it will increase the development funding for Bitcoin Core (Bitcoin core developer) to $100,000. It is understood that Blockstream and Lightning Labs are the largest organization contributors who directly fund Bitcoin open-source development, and the number of developers employed in open-source Bitcoin or Lightning Network-related projects ranks the top two. The largest contributor to financial support for Bitcoin Core is Chaincode Labs.

BitMEX parent company HDR will provide $100,000 in development funding for Bitcoin Core

HDR Global Trading, the parent company of BitMEX, announced that it will increase the development funding for Bitcoin Core (Bitcoin core developer) to $100,000. It is understood that Blockstream and Lightning Labs are the largest organization contributors who directly fund Bitcoin open-source development, and the number of developers employed in open-source Bitcoin or Lightning Network-related projects ranks the top two. The largest contributor to financial support for Bitcoin Core is Chaincode Labs.

global policy

global policy

Russian State Duma Official: Encryption Law Has Been Finalized, But It Will Not Be Passed Before Spring 2020

The adoption of Russian laws related to cryptocurrencies will be delayed again due to the coronavirus. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, said that the country’s crypto law, known as the “Digital Financial Assets” bill, is currently finalized but will not be passed before spring 2020. The previous delay to the bill was caused by disagreements among local authorities over the new asset type. (Cointelegraph)

Crypto-literate CPAs believe their clients could be subject to Internal Revenue Service (IRS) audits and fines for not fully paying taxes on their cryptocurrency holdings, a survey by the American Institute of Certified Public Accountants (CPA) has found. Customers who hold cryptocurrencies are still unaware of how to handle cryptocurrency reporting and their tax responsibilities, the report states. (CoinDesk)

Character·Voice

Character·Voice

Telegram lawyer: SEC ban is unfounded, federal court should reject its motion to implement a comprehensive ban

In response to the US SEC's request for the court to reject Telegram's request to seek to sell tokens to non-US investors, Telegram lawyers said that this is contrary to the Supreme Court ruling, which expressly limits the application of US federal law to "securities listed on domestic exchanges." trading” and “domestic trading in other securities”. The SEC's ban is unfounded. Additionally, they asked a federal court to deny the regulator's motion to impose a blanket injunction. (Finance Magnates)

Media: Zhongqingbao’s blockchain business logic makes no sense

The inter-chain pulse issued a document stating that Zhongqingbao (300052) released its annual report on March 27. The full text of the report mentioned "blockchain" 8 times, 4 times as a foil for cloud computing, and 4 times related to a related transaction. Blockchain business is the existence of "leftovers". However, in the past two years, Zhongqingbao has successively involved blockchain mining, digital currency, games, traceability, government affairs, etc. in the publicity of the blockchain business. Together, it seems to have created a blockchain industry ecology. Zhongqingbao is also regarded as the leader of the blockchain by the market and is sought after by capital.