| Director of The Block: KuCoin’s stolen assets are as high as $280 million; the market value of stablecoins exceeds $20 billion
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Larry Cermak, director of research at The Block, tweeted that he had done some statistics on the KuCoin hacking incident. According to estimates, about $280 million in assets was stolen, not $150 million. That would make the event the third largest hack in history, seven times the size of last year's Binance hack.
digital currency
Coinmetrics data: Ethereum's cumulative transaction fees in 2020 are nearly twice that of Bitcoin
Coinmetrics data: Ethereum's cumulative transaction fees in 2020 are nearly twice that of Bitcoin
Coinmetrics data shows that in 2020, Ethereum currently pays $276 million to miners, which is close to twice the fee paid to miners by BTC, which is only $146 million. (Cointelegraph)
Cream Finance will reduce Cream rewards next week
Ebang International (Nasdaq: EBON) has established a new wholly-owned subsidiary in Canada to improve its industrial chain layout and upgrade its digital asset financial service platform. The new Canadian subsidiary has received a money services business license from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) on September 16, 2020, which will allow the company to engage in foreign exchange transactions, digital currency transfers, and virtual currency transactions in Canada Serve. (Globenews Wire)
Ebang International (Nasdaq: EBON) has established a new wholly-owned subsidiary in Canada to improve its industrial chain layout and upgrade its digital asset financial service platform. The new Canadian subsidiary has received a money services business license from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) on September 16, 2020, which will allow the company to engage in foreign exchange transactions, digital currency transfers, and virtual currency transactions in Canada Serve. (Globenews Wire)
Beijing Lianan: The stolen COMP of KuCoin has been traded by all the stolen coins, and Kyber is the main channel
Beijing’s Chainsmap monitoring system found that all the stolen COMP from KuCoin Exchange had been traded, and the obtained ETH was transferred to a certain address, totaling 3,700 ETH. For the first time, Kyber is used in the related token process. Relevant transactions are completed in several batches. A batch of COMP is transferred from the transfer to the intermediate address, and then to Kyber to complete the transaction. It takes less than 4 minutes for the obtained ETH to finally enter the collection address.
Crypto Exchange RGCoins Owner Faces 20 Years in Prison for Crypto Money Laundering and Other Charges
China Banking and Insurance Regulatory Commission: Encourage the integration of insurance and new technologies such as blockchain
Blockchain industry
China Banking and Insurance Regulatory Commission: Encourage the integration of insurance and new technologies such as blockchain
The China Banking and Insurance Regulatory Commission issued the newly revised "Internet Insurance Business Supervision Measures (Draft for Comment)". Internet insurance is not only a sales channel, but also a mode of operation and service form. The "Measures" encourage the integration of insurance with new technologies such as the Internet, big data, and blockchain, and support Internet insurance to serve the real economy and social livelihood at a higher level. (21st Century Business Herald)
The China Banking and Insurance Regulatory Commission issued the newly revised "Internet Insurance Business Supervision Measures (Draft for Comment)". Internet insurance is not only a sales channel, but also a mode of operation and service form. The "Measures" encourage the integration of insurance with new technologies such as the Internet, big data, and blockchain, and support Internet insurance to serve the real economy and social livelihood at a higher level. (21st Century Business Herald)
The Central Bank Digital Currency Research Institute has reached a strategic cooperation with Shanghai Changning District to jointly create a blockchain technology application demonstration zone
On September 28, the Shanghai Stock Exchange Center announced that the "Shanghai Stock Exchange Blockchain Project" realized all business data on the chain, and successfully connected and docked with the blockchain supervised by the China Securities Regulatory Commission. According to reports, in the next step, the Shanghai Stock Exchange Center will actively explore the construction and improvement of the regional equity market blockchain ecosystem, and is committed to jointly building an alliance chain for the regional equity market through the application and innovation of blockchain technology, and will focus on Promote the introduction of blockchain into other levels of capital markets, and finally achieve innovative breakthroughs in laws and regulations, and promote the continuous development and innovation of multi-level capital markets. (Securities Times)
Investment and Financing
Digital payments platform Wirex, which runs on Ripple, has raised £1.2 million ($1.5 million) in a securities offering, which it plans to use to launch in the United States and Japan in the coming months. (Ambcrypto)
global policy
Blockstream founder: Improve signature verification speed code or activate in Bitcoin Core update
Character·Voice
Blockstream founder: Improve signature verification speed code or activate in Bitcoin Core update
Hal Finney, an early Bitcoin developer, said on Bitcointalk on February 8, 2011 that he had thought of a way to increase the speed of signature verification by 25%. In another post the same day, Finney announced that he had written "test code" and uploaded it to the Github repository. However, his method has been patented by others. With the patent expiring on September 25, Blockstream founder Adam Back said the code is expected to be activated in the next Bitcoin Core update. (Cointelegraph)
