| a16z plans to raise $2 billion for the third encryption fund; Circle completes $440 million financing (May 31)

Odaily资深作者

2021-05-31 07:47 (UTC+8)

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Binance Smart Chain official: It is speculated that a hacker team is eyeing BSC, and the project team should pay attention to precautions.

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Binance Smart Chain official: It is speculated that a hacker team is eyeing BSC, and the project team should pay attention to precautions.

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Circle, a USDC development company, completes $440 million in financing and is considering merging with a SPAC to go public

USDC development company Circle completes $440 million financing, Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC, Michael J. Price Private equity, institutional and strategic investors such as Friends and Friends participated in the investment. A Circle spokesman declined to comment on the company's valuation.

headlines

Layer 2 Solution Arbitrum Launches Mainnet Beta Version Arbitrum One

2. Take necessary risk control measures, actively monitor abnormal situations in real time, and suspend the agreement in time if abnormalities occur;

Binance Smart Chain Official: It is speculated that there is a hacker team eyeing BSC, please pay attention to precautions

Binance Smart Chain (BSC) officially tweeted that there have been more than 8 flash loan attacks against projects on the BSC chain recently. We believe that an organized hacker team is now targeting BSC. We call on all DApps to take the following actions:
1. Work with an audit firm to conduct another health check. If it's a forked project, double-check changes made relative to the original;
2. Take necessary risk control measures, actively monitor abnormal situations in real time, and suspend the agreement in time if abnormalities occur;
3. Have a contingency plan in case the worst does happen;
4. If conditions permit, a bug bounty program can be set up;
5. Security companies PeckShield and CertiK also provide green channels for any security consulting services for BSC projects.

3. Have a contingency plan in case the worst does happen;

5. Security companies PeckShield and CertiK also provide green channels for any security consulting services for BSC projects.

digital currency

Ethereum developers will hold an EIP-1559 Gas API call conference at 22:00 on June 4

According to official news, Ethereum developers will hold an EIP-1559 Gas API call meeting at 22:00 on June 4th, which will last for 60 minutes. The agenda includes presentations by Gas API providers; JSON RPC endpoints for Gas prices; and open discussions.

digital currency

Ripple Reaffirms Aim to Be Carbon Neutral by 2030

SushiSwap: Masterchef V2 will be launched on the mainnet on June 1, realizing double mining of tokens

According to official news, SushiSwap released a weekly report stating that on June 1, Masterchef V2 will be launched on the mainnet. The first project to try dual mining is Alchemix, and the trading pairs are ALCX-ETH and ALUSD-ETH.
Ripple recently issued a document reaffirming its commitment to achieve net zero carbon emissions by 2030, a move similar to that of most countries in the world, which have committed to achieving the same goal by 2050. According to Ripple’s blog post, the fintech company believes that the blockchain and digital asset industry will “play a key role in building a sustainable future for global finance.” Web and Rocky Mountain Institute team up to "decarbonise public blockchains". (CryptoGlobe)

SushiSwap: Masterchef V2 will be launched on the mainnet on June 1, realizing double mining of tokens

After Masterchef V2 goes online, the project party can also provide mining rewards, so as to realize double mining and amplify the income of LP liquidity providers.

Keep Network proposes a token merger proposal with NuCypher, which will be voted on in June

The privacy layer protocol project Keep Network proposed a token merger proposal with the privacy infrastructure NuCypher, which will be voted on in June. The proposal proposes to upgrade NU and KEEP to T. The initial supply of T is 10 billion. Existing NU holders can get 45%, existing KEEP holders can get 45%, and 10% is allocated to KEANU DAO. To upgrade to T, token holders must wrap their existing NU or KEEP tokens in a smart contract. Both the NuCypher and Keep communities will vote through their respective DAOs to suspend ongoing inflation in the existing network. The upgrade wrapper contract will be permanently available and will enable NU and KEEP token holders to join the KEANU network without buying or selling any assets, and existing NU and KEEP stakers will be able to stake the KEANU network through the adapter and earn T rewards. T can be unpacked back to the underlying NU or KEEP, but only from the same address.

PeckShield: Belt Finance, the AMM protocol on the BSC chain, was attacked by flash loans

The PeckShield "Paid Shield" warning shows that Belt Finance, an AMM protocol that combines multi-strategy revenue optimization on the BSC chain, has been attacked by flash loans. Igor Igamberdiev, a research analyst at The Block, said that the attacker used flash loans to steal more than $6.2 million in BUSD from Belt Finance through 8 transactions, and has used 1inch v3 to convert the stolen funds into anyETH, and partially withdraw them to Ethereum .

Blockchain industry

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Blockchain industry

Jiangxi Province will promote the deep integration of blockchain and monitoring industries

Investment and Financing

DeFi structured investment product platform Set Labs completes $14 million in Series A financing led by 1kx and Hashed

During the "14th Five-Year Plan" period, Jiangxi Province will vigorously promote smart monitoring and promote the deep integration of new-generation information technologies such as the Internet of Things, blockchain, artificial intelligence, and 5G communications with the monitoring industry. (China Environment News)
Only1, an NFT social platform based on the Solana blockchain, announced its first batch of strategic investors, including NGC Capital and others

DeFi lending platform Rikkei Finance completes US$5.6 million in financing, with participation from LD Capital and others

News DeFi lending platform Rikkei Finance completed US$5.6 million in financing, HyperChain Capital, Kyber Network, Signum Capital, PNYX, X21digital.com, LD Capital, Tomochain, Kernel Ventures, Trade Coin Vietnam, Coin98, Kyros Ventures (Coin68), YBB Foundation, ArkStream Capital and Inclusion Capital participated in the investment.

Only1, an NFT social platform based on the Solana blockchain, announced its first batch of strategic investors, including NGC Capital and others

Only1, an NFT social platform based on the Solana blockchain, announced its first batch of strategic investors, including Alameda Research, Genesis Block Venture, Liquefy Labs, NGC Capital, PetRock Capital, and DuckDAO.

Pera Finance announces SkyVision Capital as its strategic investor

In official news, trading and yield farming agreement Pera Finance announced SkyVision Capital as its strategic investor.

Pera Finance announces SkyVision Capital as its strategic investor
DoraHacks BSC SEA Hackathon ended, 31 projects received $27394.69 funding

global policy

The Hackathon in Southeast Asia co-hosted by DoraHacks and BSC ended. 31 developer teams from Singapore, Vietnam, Malaysia, Indonesia, Hong Kong, Taiwan and other regions submitted project applications in this Hackathon, and received a total of US$27,394.69 in funding.

After the Hackathon ended, the community voted Grant twice to enter a 5-day grace period (Grace Period). During this period, HackerLink will conduct a closed-source inspection of the voting results, analyze the situation of Sybil attacks in quadratic voting, and publish the final results after the grace period ends.
global policy

US Treasury Wants to Expand Crypto Reporting to Crack Offshore Tax Evasion

Biden's 2022 budget proposal includes several new encryption reporting requirements. The budget released Friday, the first by a Biden administration, includes two proposals for the Treasury Department to impose additional requirements on the type of information financial institutions must report to the Internal Revenue Service (IRS) or other Treasury Department divisions. The 2022 budget also includes a number of other crypto reporting requirements, according to Treasury documents.

The U.S. Treasury has highlighted a new goal of expanding crypto reporting requirements to combat tax evasion. “Tax evasion using crypto assets is a rapidly growing problem,” the Treasury Department explained. “The global nature of the crypto market presents opportunities for U.S. taxpayers to conceal assets and taxable income through the use of offshore crypto exchanges and wallet providers.”

The South Korean National Assembly has submitted 6 bills related to virtual currency, including the liability for damages caused by hacking attacks, etc.

The South Korean National Assembly has submitted a number of virtual currency-related bills, including prohibiting the use of undisclosed information to manipulate markets and transactions, regulating the liability of operators for damages caused by accidents such as hacking, and issuing virtual currency requirements. On the 30th, according to the South Korean National Assembly bill information system, there are 6 bills on the theme of protecting virtual currency (virtual asset) investors. Lawmakers Lee Yong-woo, Kim Byung-wook, and Yang Kyung-sook proposed the "Virtual Asset Industry Act", "Virtual Asset Industry Development and User Protection Act" and "Virtual Asset Transaction Act". Rep. Kang Min-kook submitted the amendment to the Electronic Financial Transaction Act, and Joo Hwan-joo submitted the amendment to the Act on the Reporting and Utilization of Specified Financial Transaction Information (Special Act). What these bills have in common is that "no one shall manipulate market prices."

South Korea's government announced on Friday that it is still preparing to impose a 20% income tax on capital gains from cryptocurrency trading as planned, starting next year, despite growing calls from investors to delay the tax plan. The Financial Services Commission (FSC) has also been designated as the top government office responsible for overseeing and regulating the virtual asset market. This means that Koreans will have to report virtual asset gains when filing their general income tax returns in May 2023. (Korea Herald)

U.S. Treasury Secretary Yellen: Support research on central bank digital currency policy

South Korean Democratic Party Presidential Candidate: Cryptocurrency Taxation Should Be Delayed for a Year

Democratic Party presidential candidate Lee Jae-myung, the governor of Gyeonggi Province, said in an interview that the taxation of cryptocurrencies should be postponed for a year. This is different from the current government's policy of taxing virtual asset income from next year as planned. (South Korean economy)

U.S. Treasury Secretary Janet L. Yellen participated in a virtual meeting with G7 finance ministers and central bank governors. Yellen said he supported ongoing work on digital payments issues, including exploring potential central bank digital currency policy considerations. (Mondo Visione)

Character·Voice

Iranian Energy Minister: Cryptocurrency mining must be regulated, 2,000 people have applied for mining licenses

Iranian Energy Minister Reza Ardakanian said cryptocurrency mining must be regulated and illegal miners punished because the production of digital currencies consumes a lot of energy. Ardakanian told lawmakers at a briefing that it takes 300,000 MWh of energy to mine 1 bitcoin, meaning the government should cut power to 30,000 homes for 24 hours in order to mine bitcoin. So far, 2,000 people have applied to the Ministry of Mines for a mining license, and only 99 of them have completed the paperwork. The industry needs to be regulated to avoid power outages during the pandemic and hot weather conditions. (IFP News)

Character·Voice

Yao Qian: The relationship between the central bank's digital currency based on accounts and tokens is not an either-or relationship

The Science and Technology Supervision Bureau of the China Securities Regulatory Commission and former director of the Central Bank's Digital Currency Research Institute Yao Qian said at the 2021 Spring Meeting of the International Financial Forum (IFF) that the two technical routes of the central bank's digital currency based on accounts and tokens are not either-or Relationship. In fact, a token is also a kind of account, but it is a new type of account, which we call an encrypted account. Compared with traditional accounts, users have stronger self-control ability over encrypted accounts. (Fengwang Finance)

DFINITY founder: DFINITY will integrate with Ethereum

DFINITY founder Dominic Williams announced that DFINITY will integrate Ethereum. In a blog post, Williams details the two phases needed to integrate the two networks. By using "proxy" contracts, DFINITY smart contracts will be able to "call" Ethereum smart contracts, return results, and vice versa. But the second phase will take longer, in part because, while DFINITY is designed to scale as more dapps are built on top of it, its smart contracts currently only hold up to 4GB of storage pages, so Ethereum state Sharding will have to be done across multiple contracts. Some ethereum developers are already working on this and have "made some progress on the code side," Williams said. (Decrypt)

V God: PoS can eventually reduce Ethereum energy consumption by up to 10,000 times

Vitalik Buterin, the co-founder of Ethereum, said that Ethereum is about to transition to the proof-of-stake consensus mechanism (PoS) as a solution to the energy consumption problem of the blockchain, although compared with the current proof-of-work model (PoW), Proof-of-stake is still in its infancy and less battle-tested, but could eventually reduce Ethereum's energy consumption by as much as 10,000x.

Grayscale founder: ZEN is the most interesting at present, and there is a lot of room for growth

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