| Ethereum developers decided to postpone the "Berlin" hard fork; a Bitcoin fund under the New York Digital Investment Group raised $190 million

headlines

New York Digital Investment Group (NYDIG) has disclosed that it has closed a $190 million bitcoin fund. The fund, called NYDIG Institutional Bitcoin Fund LP (NYDIG Institutional Bitcoin Fund LP), has 24 investors and is exempt under Rule 506(b), the Regulation D safe harbor protection established in 2013. Little is known about the fund at this time.

New York Digital Investment Group (NYDIG) has disclosed that it has closed a $190 million bitcoin fund. The fund, called NYDIG Institutional Bitcoin Fund LP (NYDIG Institutional Bitcoin Fund LP), has 24 investors and is exempt under Rule 506(b), the Regulation D safe harbor protection established in 2013. Little is known about the fund at this time.
Earlier news, in May, NYDIG announced the sale of nearly 140 million US dollars of NYDIG Bitcoin Income Enhancement Fund LP, and the two funds totaled 330 million US dollars. According to today’s filing, NYDIG Institutional Bitcoin Fund LP made its first sale on October 26, 2018, while NYDIG Bitcoin Yield Enhancement Fund LP began selling a week before it closed.
Currently, NYDIG’s third bitcoin futures fund, the Bitcoin Strategy Fund, is listed on StoneRidge’s website under the trading symbol BTCNX. It is worth noting that NYDIG's early investment project Bitcoin Strategy Fund is advised by StoneRidge Asset Management.

digital currency

Ethereum devs decide to delay 'Berlin' hard fork until August

Ethereum core developers have decided to delay the development of the "Berlin" hard fork until at least August to give clients other than Geth a chance to increase their network share. According to Ether Nodes, Geth is just one of 11 client specifications, but 79 percent of ethereum nodes run on it, a percentage up 5 percent since December. Developers fear that so many users rely on the Geth client that a bug in Geth could temporarily freeze the entire network, which is not normal. (CoinDesk)

CMC updates the ranking of derivatives exchanges: Huobi ranks first, BitMEX enters the top three

CMC updates the ranking of derivatives exchanges: Huobi ranks first, BitMEX enters the top three
According to previous news, on the eve of the annual meeting of creditors held by the now bankrupt Bitcoin exchange Mt. Gox (Mentougou), the documents it provided to creditors revealed more information on how to repay debts in the future. The documents show that creditors can choose the form of compensation they receive, either choose to receive fiat currency, or choose to receive compensation in fiat currency mixed with bitcoin and bitcoin cash.

MT.Gox Liquidation Compensation Plan Submission Date Postponed Again to October 15th

The MT.Gox trading platform liquidation compensation plan originally planned to be submitted on July 1 has been postponed for more than three months, and the latest submission time is October 15, 2020.
According to previous news, on the eve of the annual meeting of creditors held by the now bankrupt Bitcoin exchange Mt. Gox (Mentougou), the documents it provided to creditors revealed more information on how to repay debts in the future. The documents show that creditors can choose the form of compensation they receive, either choose to receive fiat currency, or choose to receive compensation in fiat currency mixed with bitcoin and bitcoin cash.

Blockchain industry

China's first blockchain service hall is officially in operation in Ganzhou, Jiangxi

China's first blockchain service hall is officially in operation in Ganzhou, Jiangxi

China's first blockchain service hall, Ganzhou Blockchain Service Hall, was officially launched in Jiangxi Ganzhou Economic and Technological Development Zone on the 30th. It is understood that the Ganzhou blockchain service hall provides services such as digital certificates, digital bills, anti-counterfeiting traceability, filing notarization, copyright protection, digital finance, data storage, etc., creating a new type of innovative service model combining on-chain and off-chain . According to reports, the Ganzhou Blockchain Service Hall supports blockchain for existing services and builds new services based on blockchain to realize trusted links and interoperability of various services, which will create convenient, efficient and fair competition for enterprises. , a stable and transparent business environment, providing new service channels and governance tools for the government, and providing "one-stop" services for the people play an important role.

Tencent Blockchain Accelerator starts re-examination to help new infrastructure industry blockchain value landing

Recently, the first retest of Tencent Blockchain Accelerator was held in Shenzhen. After the selection of more than 500 high-quality blockchain projects from various fields, 60 outstanding blockchain companies will participate in the re-examination to compete for the final 30 selected seats. From the perspective of geographical distribution, in this re-examination, the number of shortlisted companies in Beijing leads the way, accounting for 24.53%; Shenzhen follows closely, accounting for 20.75%; Shanghai ranks third, accounting for 18.87%. In addition, the number of shortlisted companies in cities such as Guangzhou, Nanjing, and Wuxi are also on the list. Tencent Industrial Blockchain Accelerator will continue to explore and support related companies, create industry solutions, and help the value of industrial blockchains land.

ASX seeks advice, plans to launch blockchain clearing system in April 2022
Blockchain Data Index Project The Graph Completes $5 Million Token Sale, Coinbase Participates

Investment and Financing

Blockchain Data Index Project The Graph Completes $5 Million Token Sale, Coinbase Participates

The Graph, a blockchain data index project, has raised $5 million in financing through the sale of token SAFT to launch a decentralized network. Investors include Framework, ParaFi Capital, Coinbase Ventures, and Digital Currency Group. The Graph, an indexing protocol for organizing and accessing data in blockchains and storage networks, will launch later this year. Additionally, the protocol allows developers to build decentralized applications on Ethereum and IPFS using GraphQL APIs.

The Graph, a blockchain data index project, has raised $5 million in financing through the sale of token SAFT to launch a decentralized network. Investors include Framework, ParaFi Capital, Coinbase Ventures, and Digital Currency Group. The Graph, an indexing protocol for organizing and accessing data in blockchains and storage networks, will launch later this year. Additionally, the protocol allows developers to build decentralized applications on Ethereum and IPFS using GraphQL APIs.

Fintech company solarisBank completes $67.5 million in Series C financing, its clients include crypto companies
Canadian-listed miner Hut 8 said last week it had raised a total of $8.3 million by selling a 6 percent stake to investors, about $800,000 more than its previous funding target of $7.5 million. The funds will be invested in new equipment. Ryleigh Ebron, an external spokesperson for Hut 8, said the company was able to increase mining capacity by more than a fifth, to 1,150 PH/s. Once installed, the company will account for less than 1% of the total computing power of the bitcoin blockchain. According to Blockchain.com data, the current total computing power of the Bitcoin blockchain is about 115,200 PH/s.

Canadian listed mining company Hut 8 completes US$8.3 million equity financing

Canadian-listed miner Hut 8 said last week it had raised a total of $8.3 million by selling a 6 percent stake to investors, about $800,000 more than its previous funding target of $7.5 million. The funds will be invested in new equipment. Ryleigh Ebron, an external spokesperson for Hut 8, said the company was able to increase mining capacity by more than a fifth, to 1,150 PH/s. Once installed, the company will account for less than 1% of the total computing power of the bitcoin blockchain. According to Blockchain.com data, the current total computing power of the Bitcoin blockchain is about 115,200 PH/s.
As reported on June 11, Hut 8 plans to sell its stock to raise $7.5 million to upgrade its BlockBox miners by purchasing the most competitive and efficient chips on the market.

As reported on June 11, Hut 8 plans to sell its stock to raise $7.5 million to upgrade its BlockBox miners by purchasing the most competitive and efficient chips on the market.

global policy

global policy

The Beijing Municipal Government issued the "Beijing Blockchain Innovation and Development Action Plan (2020-2022)"

The General Office of the Beijing Municipal People's Government issued the "Beijing Blockchain Innovation and Development Action Plan (2020-2022)". The "Action Plan" pointed out that by 2022, Beijing will initially be built into an influential blockchain technology innovation highland, application demonstration highland, industrial development highland, and innovative talent highland. Beijing Plan", establishes a new system for the integration and interaction of blockchain technology innovation and industrial development, and continues to inject new momentum and vitality into the high-quality development of Beijing's economy.

Character·Voice

Character·Voice

FATF: Virtual asset service providers have achieved certain results in implementing the "travel rule", and will conduct a second review before June next year
On the evening of June 30, the Financial Action Task Force (FATF) released a series of results from the 3rd video plenary meeting of the 31st session.
The meeting discussed the results of a 12-month review, which mainly monitored the VASP requirements of various countries and virtual asset service providers ("Risk-Based Perspective: Guidelines for Regulating Virtual Assets and Virtual Asset Service Providers", namely the so-called "travel rule").

Overall, the report finds that both the public and private sectors have been somewhat successful in implementing the revised FATF standards, and in particular progress has been made in developing technical solutions to implement the "travel rule" required by VASPs. FATF will conduct a second 12-month review before June 2021, continue to strengthen the monitoring of virtual assets and their services, and consider whether it is necessary to update FATF standards. At the same time, FATF will continue to engage with the private sector to promote its understanding of the money laundering/terrorism financing risks of virtual assets, and expects to publish red flag indicators and case studies by October 2021. In addition, FATF’s revised virtual asset/VASP report will be officially released in early July. (Financial Technology Micro Insights)

FATF: Large global stablecoins may pose greater risk of money laundering and terrorist financing
On the evening of June 30, the Financial Action Task Force (FATF) released a series of results from the 3rd video plenary meeting of the 31st session.
The report is an important complement to the work of the Financial Stability Board and the International Monetary Fund. The report pointed out that some stablecoins, especially those large global stablecoins, may lead to changes in the virtual asset ecosystem and pose a greater risk of money laundering and terrorist financing. The FATF said it will continue to closely monitor stablecoins for risky behavior, such as anonymous peer-to-peer transactions through uncustodial wallets. The report highlights four areas for further attention, including the need for further updates to FATF standards and the development of jurisdictional guidance for stablecoins and virtual assets. The stablecoin report will also be officially released in early July. (Financial Technology Micro Insights)[Original link]

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Bank of Canada report: Zero-knowledge proofs are still immature for CBDC