| US SEC Approves Grayscale Ethereum Trust Registration Application; Aave Completes $25 Million Financing

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Grayscale Ethereum Trust registration application has been officially approved by the US SEC

Grayscale Investments, a cryptocurrency asset management company, officially announced on Twitter that its application for the registration of the Ethereum Trust previously submitted to the US Securities and Exchange Commission (SEC) has been officially approved. So far, Grayscale Ethereum Trust has become an SEC reporting company, and has become its second digital currency investment vehicle that has been approved for reporting. In January, Grayscale Bitcoin Trust became the first digital asset vehicle to meet the standards of the US Securities and Exchange Commission.

G7 Draft Statement: Oppose Facebook's Launch of Libra Stablecoin

Finance ministers from seven of the world's largest economies - the US, Canada, Japan, Germany, France, Italy and the UK - will oppose Facebook's launch of the Libra stablecoin at a meeting on Tuesday until it is properly regulated, according to a draft G7 statement until the time.

The draft says digital payments can improve people's access to financial services, increase efficiency and reduce costs. But the draft also says such payment services must be properly regulated so as not to undermine financial stability, consumer protection, privacy, taxation or cybersecurity. Without proper regulation, such stablecoins could be used for money laundering, terrorist financing, and proliferation financing, which could compromise market integrity and governance, and undermine legal certainty.

BitMEX exchange announced that parent company 100x Group has appointed Malcolm Wright as Chief Compliance Officer. Wright will lead BitMEX Exchange's efforts to strengthen the exchange's compliance capabilities globally, while reporting directly to interim CEO and COO Vivien Khoo. 100x Group is the group behind HDR Global Trading Limited, the owner and operator of the BitMEX platform.

digital currency

digital currency

At 5:8 a.m. on October 12, 2020, Beijing time, the decentralized oracle network NEST Protocol triggered the second mining reward decay at block height 1103658 of Ethereum, which was reduced by 320 NEST for each previous block reward. For the current 256NEST.

The second production reduction of NEST Protocol, a decentralized oracle machine, has taken effect

At 5:8 a.m. on October 12, 2020, Beijing time, the decentralized oracle network NEST Protocol triggered the second mining reward decay at block height 1103658 of Ethereum, which was reduced by 320 NEST for each previous block reward. For the current 256NEST.
According to the NEST token mining attenuation mechanism, it decays every 2.4 million blocks (about 1 year), and each block reward decays to 80% of the original, and stops decaying when the block reward reaches 40 NEST.

According to the NEST token mining attenuation mechanism, it decays every 2.4 million blocks (about 1 year), and each block reward decays to 80% of the original, and stops decaying when the block reward reaches 40 NEST.

The Filecoin network completed an important upgrade, and the block reward was reduced to 10.5 FIL

According to data from the block browser filfox.info, the block reward of the distributed storage network Filecoin has dropped from about 15 to 10.5 FIL. Previously, Filecoin developer Jennifer released information on the Slack community that when the block height reaches 138720, the network will undergo a major upgrade. The upgrade has now been completed. The developer recommends that miners upgrade to lotus 0.9.1 to ensure stable operation.

Hackers stole $42,000 from the Ethereum project WLEO from the Uniswap fund pool

The contracts of the Ethereum project WLEO were hacked late yesterday, resulting in the theft of funds worth $42,000. Hackers stole ether from a pool on decentralized exchange Uniswap by minting WLEO to themselves and exchanging it for ether. This is not the first time Uniswap has suffered a similar hack. After the hack, WLEO prices plummeted 99%.

Zcash Developer ECC Is Transitioning to Nonprofit Bootstrap

Zcash development company Electric Coin Company (ECC) is transitioning to the non-profit organization Bootstrap after most shareholders chose to donate their shares, CoinDesk reported on October 12. ECC will continue to operate under the same business structure, and Bootstrap will act as a sort of umbrella company. Zcash creator and ECC CEO Zooko Wilcox said in a phone interview that Bootstrap will be run by the ECC’s board, at least initially. The Zcash network is maintained by ECC, independent developers, and the Zcash Foundation. No date has been set for the transition of ECC donations to Bootstrap, but the target is around the network Zcash November Canopy network upgrade.

The decentralized prediction market protocol PlotX will launch the mainnet version today

PlotX, a decentralized prediction market protocol, said on Twitter that the PlotX mainnet version will be released on the Ethereum mainnet at 13:00 (UTC) on October 13, and the mainnet token PLOT will also be listed on Uniswap.

MakerDAO Launches Vote to Adjust Base Rate and Add BAL and YFI as Collateral

On October 12, the Maker Foundation interim risk team has incorporated a series of governance polls into the voting system, which will conduct polls to adjust the base rate, and add BAL and YFI as collateral, etc. The base rate voted for a range option of -4% to 4%.

According to Binance’s official announcement, Binance will launch the Launchpad project Injective Protocol (INJ) and open a BNB session. This time, it will be based on the lottery lottery model. Binance will allocate tickets based on the average daily BNB holdings of users on the 6th. BNB position snapshot cycle: from 08:00 on October 13, 2020 to 08:00 on October 19, 2020 (Hong Kong time).

Blockchain industry

Blockchain industry

The BSN open consortium chain will be postponed to the end of December

The BSN Open Consortium Chain released the operation plan description, the original plan to go online in mid-November 2020 will be changed to late December 2020. And throughout 2021, all online BSN open alliance chains must provide free services to developers, and this free policy will end on December 31, 2021.

Shenzhen’s digital RMB red envelope was launched last night, and some shopping malls have been testing it in a low-key manner for several months
After receiving the red envelope, the winners of the digital RMB red envelope can go to 3,389 merchants in Luohu District that have completed the transformation of the digital RMB system for consumption from 18:00 last night. A total of 50,000 digital RMB red envelopes were distributed this time, each at 200 yuan, while the number of previous applicants exceeded 1.9 million, and the winning rate was only 2.6%.

A total of more than 100 merchants in the Vientiane City of China Resources Center participated in the test. The waiters of the above-mentioned merchants said that the quota is distributed by the central bank, and there will be specific threshold restrictions such as scale. It is understood that the bank connected to the merchant is Bank of China, and Bank of China will send special personnel to check whether the system and equipment can operate normally every day. Some other merchants participating in the pilot program of the mall said that the pilot program was connected to the Bank of China.

Xiong'an Customs completes the first digital currency deposit payment business

Xiong’an Customs recently cooperated with the Bank of China Hebei Xiong’an Branch to handle the digital deposit payment business for 1.243 million yuan of natural latex materials imported by enterprises in the jurisdiction’s processing trade manual. Li's e-wallet successfully paid the digital deposit. The invoice business is the first application of digital currency in the Shijiazhuang customs business field after four cities including Xiongan New Area were approved as national digital currency pilot cities. (Hebei News Network)

DODO raises USD 5 million, led by Pantera Capital, Binance Labs, etc.

Investment and Financing

Aave raises $25 million, with participation from Blockchain Capital and others

DeFi lending protocol Aave raised $25 million, with participation from Blockchain Capital, Standard Crypto, and Blockchain.com Ventures. Aave CEO Stani Kulechov stated that the funding will help Aave expand into the Asian market and will promote the use of DeFi in institutions. (Decrypt)

Math Wallet completes A+ round of financing of US$7.8 million, led by Alameda Research and Multicoin

MathWallet (MathWallet) announced on Weibo that it has completed the A+ round of financing of US$7.8 million, led by Alameda Research and Multicoin Capital. Sam Bankman-Fried, founder and CEO of Alameda Research, said: We are excited to enter into a strategic partnership with MathWallet. As one of the leading wallets in this field, Math Wallet will inject new vitality into the Serum ecosystem.

DODO raises USD 5 million, led by Pantera Capital, Binance Labs, etc.

News DODO announced the completion of a US$5 million private placement round of financing, jointly led by Pantera Capital, Three Arrows Capital, and Binance Labs, with Coinbase Ventures participating. Seed round investors Framework Ventures, DeFiance Capital, and SevenX Ventures continued to invest in this round. Other investment institutions include professional market-making institutions CMS Holdings and Alameda Research, as well as well-known funds Galaxy Digital, Shata Capital, Primitive Ventures, D1 Ventures, and IOSG Ventures , LongHash Capital, The Force Partners, etc.

News DODO announced the completion of a US$5 million private placement round of financing, jointly led by Pantera Capital, Three Arrows Capital, and Binance Labs, with Coinbase Ventures participating. Seed round investors Framework Ventures, DeFiance Capital, and SevenX Ventures continued to invest in this round. Other investment institutions include professional market-making institutions CMS Holdings and Alameda Research, as well as well-known funds Galaxy Digital, Shata Capital, Primitive Ventures, D1 Ventures, and IOSG Ventures , LongHash Capital, The Force Partners, etc.

Pigeon Information has recently obtained tens of millions of Pre A+ round financing from Zibo Fund

It is reported that this tens of millions of financing is the Pre-A+ round of Daige. In February of this year, Pigeon Information received a tens of millions of Pre-A round of strategic investment led by Shenzhen Zhongzhuang Construction Group Co., Ltd.

global policy

global policy

ECB launches public consultation on whether to create digital euro

On Monday, the European Central Bank launched a public consultation and began experiments to help decide whether to create a "digital euro" for the 19-nation currency club. The ECB will hold three-month consultations on Monday that will see a series of experiments on the feasibility of establishing a digital euro over the next six months. According to previous news, the central bank aims to decide whether to start the project around mid-2021. According to a source close to the project, the plan will take "18 months to three or four years" to materialize. (Business Times)

OECD plans to introduce a framework related to cryptocurrency tax reporting in 2021

The OECD plans to introduce a framework related to cryptocurrency tax reporting for the world's largest economies in 2021. The guide will help national taxation agencies to clarify local treatment options, while taking into account the needs of international communication. The framework will reflect the dynamics and high activity characteristics of cryptocurrencies, and will also involve technical issues such as wallet providers, as well as the details of whether certain methods (such as staking) are counted as encrypted income. The OECD plans to have the G20 countries review the framework in 2021. (CoinDesk)

Lagarde: ECB is considering digital euro very seriously
European Central Bank President Christine Lagarde said the ECB is very seriously considering launching a digital euro.

As reported earlier today, the European Central Bank has launched a public consultation on whether to create a digital euro. The ECB will hold three-month consultations on Monday that will see a series of experiments on the feasibility of establishing a digital euro over the next six months. According to previous news, the central bank aims to decide whether to start the project around mid-2021. According to a source close to the project, the plan will take "18 months to three or four years" to materialize. (U. Today)

Bank of England Governor Bailey: Concerned about Bitcoin being used as a means of payment

National Health and Medical Commission: Explore the application scenarios of blockchain in the field of medical and health

The National Health and Medical Commission issued the "Opinions on Strengthening the Construction of a National Health Information Standardization System". The opinion pointed out that the standardized construction of medical and health 5G technology applications is encouraged. Clarify the application scenarios of 5G in the medical and health field, and accelerate the development of 5G medical and health application standards. Explore and study the application scenarios of blockchain in the medical and health field, accelerate the research and formulation of blockchain information service standards in the medical and health field, and strengthen the regulation to guide the integration and application of blockchain technology and the medical and health industry. (Golden Ten)

Character·Voice

Bank of England Governor Bailey: Concerned about Bitcoin being used as a means of payment

Bailey, Governor of the Bank of England, said that it is difficult to see that Bitcoin has intrinsic value and is concerned about its use as a means of payment. There may be good reasons for holding (Bitcoin), but investors must understand that price volatility is very large. (Golden Ten)

Bailey, Governor of the Bank of England, said that it is difficult to see that Bitcoin has intrinsic value and is concerned about its use as a means of payment. There may be good reasons for holding (Bitcoin), but investors must understand that price volatility is very large. (Golden Ten)

Members of the Japanese ruling party: If Japan issues a CBDC, the Bank of Japan Law needs to be amended

Yamamoto, a member of Japan's ruling party, said that if the Bank of Japan is to issue a central bank digital currency (CBDC), the Bank of Japan Law needs to be amended. If the BOJ law is changed, the new law should set 2 percent inflation as the BOJ's policy target and boost job creation. The Bank of Japan plans to start a central bank digital currency experiment "too late" next fiscal year. (Golden Ten)

SBF tweeted to discuss the pros and cons of CREAM community proposing to vote to delist FTT
SBF, the founder of FTX and Alameda Research, released the latest tweet in response to the CREAM community voting to delist FTT. SBF said that it can understand why the community has this proposal, and some proposals are not unreasonable.