| Bank of China Hong Kong participates in digital renminbi cross-border payment test; Ripple co-founder sells nearly 30 million XRP in one day
headlines
headlines
Yu Weiwen, President of the Hong Kong Monetary Authority, previously stated that the Monetary Authority is working with the Digital Currency Research Institute of the People's Bank of China to study the technical test of using digital renminbi for cross-border payments and make corresponding technical preparations. In this regard, a spokesman for the Hong Kong Monetary Authority said: "The relevant technical test is limited to the Hong Kong bank designated by the People's Bank of China (Bank of China (Hong Kong)) and the bank employees (about 200) and merchants invited to participate in the test. Make technical preparations for digital renminbi for cross-border consumption." (21st Century Business Herald)
Ripple co-founder Jed McCaleb sold over 29.5 million XRP in one day
News researcher Leonidas Hadjiloizou tweeted that Ripple co-founder Jed McCaleb sold more than 29.5 million XRP in one day (December 6). At the current pace, McCaleb will be able to sell a total of 207 million XRP in a week, according to his estimates. A year ago it took him 300 days to sell 207 million XRP, 689395.68 XRP per day; now it only takes 7 days. “While the massive increase in XRP volume happened 10-14 days ago, this had an impact on McCaleb’s sell 1-2 weeks later. This means McCaleb is now selling in ways that are far beyond what the current market can bear.”
V God tweeted that 1% of all Ethereum is now in the deposit contract. Updated stats, decentralized numbers are a bit worse than last time, but only because they now correctly count Bitcoin Suisse from multiple addresses as one. Still much better than I expected.
digital currency
digital currency
The average daily trading volume of Grayscale Ethereum Trust hit a record high in November
According to previous reports on December 2, Grayscale officially announced that it will split the issuance share of Ethereum Trust 9:1.
BCHN Financial Report: All airdropped BCHAs have been sold, and a total of over 2177 BCHs are now held
BCHNode officially released the "BCHN Financial Report". The report shows that as of December 5, 2020, BCHN has held 2177.84148852 BCH. This shows that since the previous report in October, BCHN’s available funds have increased by about 67.9 BCH, and the financial situation is healthy. Since the start of the project, 370.61975809 BCH have been spent so far. at the same time:
1. At present, BCHN’s income mainly comes from donations. Since the launch of the project in February 2020, BCHN has received a total of 2388.85971266 BCH in donations;
3. Before the November upgrade, there was a small donation (0.00075823 BCH) stored in the second address of our wallet (starting with pp03e9). This address is for Coin.dance, they collect donations for the node client project.
Data: The total circulation of BTC-anchored coins on Ethereum exceeds 149,000
According to DeBank data, on December 7, the total circulation of BTC-anchored coins exceeded 149,000. Among them, the circulation of WBTC is 120,443, accounting for over 80.82%. Followed by renBTC and HBTC, the circulations are 16,579 and 6,010 respectively.
Privacy Payment Project MobileCoin Announces Mainnet Launch
Privacy Payment Project MobileCoin Announces Mainnet Launch
The privacy payment project MobileCoin announced that the main network has been launched, and anyone can view the open source software and tools of the MobilCoin protocol through GitHub. Officials stated that any person or entity in the United States, or other prohibited jurisdictions, cannot download or use the MobileCoin wallet.
Note: MobileCoin completed a financing of US$30 million in April 2018, led by Binance Labs. Other investors include INB, ZhenFund, Danhua Capital, Nirvana Capital, Scalar Capital, 8D Capital, Electric Capital, etc.
Note: MobileCoin completed a financing of US$30 million in April 2018, led by Binance Labs. Other investors include INB, ZhenFund, Danhua Capital, Nirvana Capital, Scalar Capital, 8D Capital, Electric Capital, etc.
JustLend, TRON's first official lending platform, has officially launched
Recently, the NFT lending platform NFTfi tweeted that a platform user lent 25,000 DAI, or about 42.3, with the No. ETH.
Blockchain industry
Blockchain industry
Recently, the Digital Currency Research Institute of the People's Bank of China (hereinafter referred to as "Digital Research Institute") and UnionPay Commerce Co., Ltd. (hereinafter referred to as "UnionPay Commerce") formally signed a strategic cooperation agreement to jointly study online and offline payment scenarios in the pilot test of digital RMB. innovative applications in the field. The two parties will combine the existing business scenarios of UnionPay Commerce, based on the characteristics of the digital renminbi and the wallet ecosystem, to jointly research and expand the product functions and application scope of the digital renminbi, and promote the construction of the digital renminbi ecosystem.
Thailand's Tax Department to Deploy Blockchain Technology to Improve Tax Collection Efficiency
Two other tax agencies in Thailand, the Revenue Department and the Customs Department, will also reportedly start promoting blockchain systems in their businesses. Lavaron said integrating blockchain technology would be beneficial in combating tax evasion, as the three departments would be able to collaborate when conducting tax audits. (CoinDesk)
Encryption fund Yanshan Capital stated that it will jointly invest US$350,000 with domestic funds to seek and invest in high-quality overseas projects that are committed to entering the Asian market.
Investment and Financing
Hong Kong Digital Asset Exchange (HKbitEX) completes US$10 million A2 round of financing
On December 7, HKbitEX (Hong Kong Digital Asset Exchange) announced the completion of A2 round of financing of US$10 million. This round of financing was led by Axion Global Investment Limited, a wholly-owned subsidiary of Hong Kong-listed company Anling International (stock code: 1410.HK), and Hanwha Asset Management. This round of follow-up investors includes existing investors: Draper Dragon Innovation Fund III, QBN Capital; and new investors: Legend Ventures, Leading Capital, and Algorand, etc. It is reported that this round of financing will be used for HKbitEX’s information technology-related R&D and construction, fully comply with compliance requirements, and expand new markets.
Encryption fund Yanshan Capital stated that it will jointly invest US$350,000 with domestic funds to seek and invest in high-quality overseas projects that are committed to entering the Asian market.
Founded in 2020, Liushan Capital has been supported by well-known domestic industry expert consultants such as Kevin Ren, founding partner of Consensus Lab, Kevin Shao, partner of Bisheng Capital, and Simon Li, partner of Chain Capital. The company focuses on venture capital investment in projects related to blockchain technology and encrypted assets.
global policy
global policy
Singapore government invests S$12 million to support blockchain research
With the support of the Monetary Authority of Singapore, the Singapore Blockchain Innovation Program (SBIP) will attract the participation of nearly 75 companies, including multinational corporations, large local enterprises and information and communication technology (ICT) companies. The companies will conceive 17 blockchain-related projects in different fields over the next three years, starting with trade, logistics and supply chain. SBIP will work with DiMuto, an agritech enterprise focused on supply chains, to use blockchain to track and trace high-value perishable food to improve farmers’ creditworthiness. (Techinasia)
U.S. Treasury: G7 Strongly Supports Need to Regulate Digital Currencies
U.S. Treasury Secretary Mnuchin said that the G7 group discussed cryptocurrencies. The U.S. Treasury Department stated that they strongly support the need to regulate digital currencies. (Golden Ten)
German finance minister: Germany and Europe will not accept Diem until risk issues are resolved
Reserve Bank of Australia Chairman Lowe: Still doubtful about demand for central bank digital currency
Character·Voice
Character·Voice
V God: XRP is not the project that pushes me to achieve my goal of encryption technology
On December 7, Twitter user lightco.in asked, do you agree that XRP Ledger is a "marginal scam"?
In response, Vitalik replied that I don't like to use the word "scam" lightly; for example, I would never call EOS a fringe scam. But I can say that XRP is certainly not a project that can push me towards my crypto goals.
