| Options traders are betting on a months-long pullback in Bitcoin prices; US District Court files new lawsuit against BitMEX
headlines
US District Court Files New Lawsuit Against BitMEX
US District Court Files New Lawsuit Against BitMEX
According to previous news, in December 2019, angel investor Frank Amato stated that he was defrauded of shares worth approximately US$50 million and became one of the first angel investors in BitMEX. BitMEX promised to convert the investment into equity, but did not deliver on its promise. In May of this year, Frank Amato and others have resubmitted the lawsuit, changing the claim amount of the previous lawsuit from 300 million U.S. dollars to 540 million U.S. dollars. (NewsBTC)
digital currency
Bakkt has provided custody services to more than 70 customers, and insurance has increased to $600 million
Main transaction data review: 20.54 million main selling confirmation 5-minute cycle triangle breakout
Deribit Research: Options Traders Are Betting on a Bitcoin Price Pullback Within Months
Deribit Research: Options Traders Are Betting on a Bitcoin Price Pullback Within Months
FMex: The trading platform will be restarted and normal business operations will resume
According to the official announcement, the results of FMex (a contract exchange under FCoin) "Referendum on Restarting the Trading Platform in the Community" were released. The community voted to restart the trading platform and resume normal business by using the main board digital currency handed over by Zhang Jian (the address has been announced on the official website) operate. The digital currency handed over by Zhang Jian will all be used for the operation of the trading platform, namely: technical service costs, personnel costs, market operating expenses, etc. The financial report of the use of the digital currency will be published regularly, and the next step will be to promote the establishment of a community supervision mechanism to review and supervise the use of funds. (FMex）
Blockchain industry
The first domestic blockchain bidding platform has been officially launched
The electronic bidding and bidding platform for construction projects in Shenzhen has been officially launched recently, becoming the first bidding and bidding trading platform in China that applies blockchain encryption and certificate storage technology in the whole transaction process. It is reported that the platform will store the result data of each role in the key link of the construction project transaction in real-time blockchain, and generate information such as "data ID card" (certificate hash value), time stamp of deposit certificate, block height, etc. It can also provide proof of data existence and authenticity at any time node, ensuring the authenticity and traceability of data in key links of the transaction process. (China Electronic Banking Network)
Produce Company California Giant Berry Farms Uses Blockchain Technology to Track Supply Chain
California Giant Berry Farms, a major fresh produce company based in California, is using the Glasschain blockchain platform to track its berry supply chain. IBM Food Trust also provides information on the company's berry supply chain, with data readily accessible. (BTCManager)
global policy
The Central Committee of the Democratic National Construction Association: It is recommended to clarify the blockchain industry plan and strengthen policy guidance
Bank of Korea: Decentralized technology will be used in digital currency trials
Bank of Korea: Decentralized technology will be used in digital currency trials
Note that in early April, the Bank of Korea announced that it will conduct a pilot test of the central bank's digital currency next year. The test will complete the design, technical review, business process analysis, etc. before the end of December this year, and will be implemented from January to December next year. (Bank of Korea)
Character·Voice
Visa CEO: Stablecoins are Complementary to Payment Ecosystem, Not Competitive
Visa CEO: Stablecoins are Complementary to Payment Ecosystem, Not Competitive
During a question-and-answer session at JPMorgan Chase's annual tech conference, Visa CEO Alfred F. Kelly acknowledged that cryptocurrencies are a complement to, rather than a competitor to, its existing payment systems. JPMorgan analyst Tien-Tsin Huang asked Visa about the company’s overall strategy for digital currencies and stablecoins. Alfred F. Kelly responded that fiat currency-backed digital currency is a very real and promising emerging payment technology.
Messari CEO: Stablecoins and DeFi will push up the ceiling of ETH development
Messari CEO: Stablecoins and DeFi will push up the ceiling of ETH development
Although stablecoins and DeFi were not mainstream trends on Ethereum just two years ago, they have become two core use cases for the Ethereum blockchain over the past 12 months. According to Ryan Selkis, CEO of encryption research and data provider Messari, in the long run, the existing and future development of these two technologies will provide ETH with a higher development space. Whether this has anything to do with ethereum’s performance against the dollar or bitcoin is unclear.
