| Filecoin's mainnet launch was delayed again until September; the first blockchain industry fund in Loudi, Hunan Province successfully passed the filing of China Foundation Association

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The launch of the Filecoin mainnet is delayed again: it is expected to be launched from August 31st to September 21st

headlines

The launch of the Filecoin mainnet is delayed again: it is expected to be launched from August 31st to September 21st

The first blockchain industry fund in Loudi, Hunan Province successfully passed the filing of China Foundation Association
Liancheng No. 1 Fund has a total scale of 100 million yuan. It was jointly initiated and established by Loudi Wanbao New District Development and Investment Group and Hunan Liancheng Private Equity Fund Management Co., Ltd. The first phase of fundraising was completed on June 29, 2020. The fund focuses on innovative investment projects in the blockchain industry. At present, it has established good cooperative relations with high-quality blockchain companies such as Hangzhou Qulian, Defang Zhilian, Beijing Jingu Chain, Zhongxiangbit, and Lianxing Capital. The project reserves are abundant. Committed to building differentiated competitive advantages, realizing the interaction between capital and industry, and creating value for investors. (Red net moment)

digital currency

Liancheng No. 1 Fund has a total scale of 100 million yuan. It was jointly initiated and established by Loudi Wanbao New District Development and Investment Group and Hunan Liancheng Private Equity Fund Management Co., Ltd. The first phase of fundraising was completed on June 29, 2020. The fund focuses on innovative investment projects in the blockchain industry. At present, it has established good cooperative relations with high-quality blockchain companies such as Hangzhou Qulian, Defang Zhilian, Beijing Jingu Chain, Zhongxiangbit, and Lianxing Capital. The project reserves are abundant. Committed to building differentiated competitive advantages, realizing the interaction between capital and industry, and creating value for investors. (Red net moment)

digital currency

Grayscale’s total investment in the second quarter of this year exceeded US$900 million, a new quarterly high

Grayscale Investment, an encrypted asset management company, released its digital asset investment report for the second quarter of this year. The report shows that from April 1 to June 30, the total investment in Grayscale products reached 905.8 million US dollars, almost This is double the previous quarter’s $503.7 million, showing continued demand for digital assets amid economic uncertainty. 84% of the investment came from institutional investors, mainly hedge funds; the total investment in the past 12 months has exceeded 1.4 billion US dollars. (grayscale)
Revolut launches cryptocurrency trading service in the US market, currently supports BTC, ETH

Revolut, a British financial technology unicorn company, will begin to provide cryptocurrency trading services to customers in 49 states in the United States, allowing its customers to buy, hold and sell BTC and ETH in real time. Revolut users can now use US dollars and 27 other currencies within the app. fiat currency to buy cryptocurrency. Revolut stated that it intends to provide access to other cryptocurrencies in the near future, and in the European market, the company currently also allows its customers to buy, hold and sell LTC, BCH and XRP.

It is reported that Revolut’s entry into the US market is completed in cooperation with Paxos, a licensed trust company in New York State. Revolut will be able to access all jurisdictions that Paxos can serve through Paxos’ trust license. In terms of specific division of labor, Revolut only needs to be responsible for the front-end client experience, while the back-end technical complexity and basic compliance matters are handled by Paxos Crypto Brokerage. (Finextra)

Huobi burned a total of 2.416 million HT in June, and the amount burned was about 10.219 million USDT

Blockchain industry

Blockchain industry

Hangzhou launches cross-border digital trade judicial platform based on blockchain technology

On July 15, the Hangzhou cross-border digital trade judicial platform was launched. Relying on blockchain technology, the platform was jointly established by Hangzhou Internet Court, Hangzhou Customs, Hangzhou Taxation Bureau and other departments to realize the whole process of customs declaration, tax payment, payment and other information records, in order to build a fair and transparent international business environment and promote cross-border The healthy development of digital trade provides a strong guarantee. (Xinhua News Agency)

Hangzhou launches cross-border digital trade judicial platform based on blockchain technology

On July 15, the Hangzhou cross-border digital trade judicial platform was launched. Relying on blockchain technology, the platform was jointly established by Hangzhou Internet Court, Hangzhou Customs, Hangzhou Taxation Bureau and other departments to realize the whole process of customs declaration, tax payment, payment and other information records, in order to build a fair and transparent international business environment and promote cross-border The healthy development of digital trade provides a strong guarantee. (Xinhua News Agency)

State Grid Gansu Electric Power completes the deployment of State Grid blockchain nodes

Recently, the enforcement officers of the Feng County Court went to the Shanghai City Community to use the "electronic seal" device using blockchain technology for the first time in Xuzhou City's two-level court to seize a certain property. (Jiangsu Economic News)

Investment and Financing

Decentralized lending protocol Aave raises $3 million, with participation from Three Arrows Capital

Decentralized lending protocol Aave raises $3 million, with participation from Three Arrows Capital

Cryptocurrency insurance service Evertas completes $2.8 million seed round led by Morgan Creek

Aave, a decentralized lending protocol, announced that it raised $3 million through the sale of tokens. The venture capital firm Framework Ventures and the cryptocurrency hedge fund Three Arrows Capital (Three Arrows Capital) participated in the investment. The two institutions are at a price of $0.1 per token. Acquired 30 million Lend, Aave’s native token, currently worth over $7 million at current prices. (The Block)

Cryptocurrency insurance service Evertas completes $2.8 million seed round led by Morgan Creek

Evertas, an insurance services company focused on the cryptocurrency industry, announced the completion of a $2.8 million seed round of financing. This round of financing was led by Morgan Creek, with participation from Wavemaker Genesis, Kailash Ventures, Plug n Play, Vy Capital, and RenGen. As part of the financing agreement, Morgan Creek co-founder Mark Yusko will join Evertas' board of directors. (Finextra)

Bloomberg: Google plans to invest $4 billion in Indian digital service platform Jio Platforms

According to Bloomberg reports, people familiar with the matter said that Google is planning to invest US$4 billion in Jio Platforms, an Indian digital service platform, and the two parties are currently in the negotiation stage. The deal could be officially announced as soon as the next few weeks. Qualcomm just announced this week that it will invest $97.1 million in it in exchange for a 0.15% stake in the company. Jio Platforms has raised $15.69 billion in funding through the sale of a 25.2 percent stake at a valuation of $65 billion. Investors in Jio Platforms include Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, among others. (Bloomberg)

Valid Network Raises $8 Million in Funding Led by Ten Eleven Ventures

Valid Network, an Israeli blockchain cybersecurity startup, has raised $8 million in seed round financing, led by Ten Eleven Ventures LLC, and participated by the company’s first investor, Jerusalem Venture Capital (JVP). (Securityweek)

global policy

The global cryptocurrency derivatives platform XMEX announced that it has successfully obtained a strategic investment of US$5 million from the Canada Nuchain Foundation (Canadian Nuchain Foundation), with a valuation exceeding US$100 million.

U.S. Attorney General: Cryptocurrencies Cannot Comply With U.S. Anti-Crypto Act

Character·Voice

Industry insiders said that the US Senate is considering a number of bills that threaten encryption, which may pose a threat to technology that protects user privacy. These bills include the Lawful Access to Encrypted Data ((LAED) Act) and the Interaction Technology to Eliminate Abuse and Pervasive Negligence (EARN IT) Act. While the LAED bill has only recently been introduced to the Senate, the EARN IT bill has already implemented several and has been amended several times. Privacy advocates and product designers say such legislation would also significantly limit people's privacy, fundamentally alter existing It will have an impact on all aspects of currency. (CoinDesk)

Character·Voice

Quantstamp CEO: Ethereum 2.0 Client Prysm "Basically Ready"

Richard Ma, CEO of smart contract auditing firm Quantstamp, revealed that the Ethereum 2.0 client Prysm is “basically ready.” Richard Ma said that although many Ethereum 2.0 clients have joined various testnets throughout the spring of 2020 to test and verify Phase 0, the migration of Ethereum and the DeFi ecosystem to Ethereum 2.0 is still an extremely arduous process. (CoinDesk)