| Ethereum gas fees have fallen sharply; G7 finance ministers discuss the common principles of central bank digital currency (June 1)

headlines

headlines

Data: Ethereum gas fee falls back to around $1

GasNow data shows that the Ethereum gas fee has dropped to around $1, of which the fast confirmation gas fee is 21 Gwei, or about $1.12.

G7 finance ministers to discuss common principles for central bank digital currency

The draft document shows that G7 finance ministers will work on common principles for central bank digital currencies and will issue conclusions later in 2021. (Sina Finance)

Bridgewater Fund founder Ray Dalio: Bitcoin is an alternative currency

Bridgewater Associates founder Ray Dalio said in an interview with CNBC that Bitcoin is "an alternative currency." Dalio said it is important to distinguish between digitized versions of existing currencies and alternative currencies. "Using blockchain technology and all that ... that's two different things from having an alternative currency, and bitcoin is an alternative currency, not digital."

MXC Matcha Exchange officially announced that due to recent compliance issues in China, starting from May 26, 2021, MXC will restrict new Chinese users from using margin trading and futures contracts.

digital currency

digital currency

Sushiswap has been deployed on Arbitrum
Earlier news, Offchain Labs announced that it has launched the Arbitrum mainnet test version Arbitrum One for developers, and has deployed Arbitrum contracts on the Ethereum mainnet, and has begun to introduce infrastructure and projects. Arbitrum One is initially open to all developers who request access, and will be made available to end users once a sufficient number of live projects are deployed on the network and ready to go live. There are currently more than 250 teams requesting to list on Arbitrum One.

YFI core developer: Yearn v2 protocol total income has exceeded 50 million US dollars

YFI core developer: Yearn v2 protocol total income has exceeded 50 million US dollars

Banteg, the core developer of yearn.finance (YFI), tweeted that the gross revenues of the Yearn v2 protocol just exceeded $50 million.

2. cBURGER compensation pool

Venus protocol announces final loss of $77 million, Swipe team will no longer be involved in project management

The BSC lending agreement Venus officially released an article disclosing the process and results of the previous XVS large-scale liquidation incident. According to the survey, the liquidator made a profit of about 20 million U.S. dollars, the seller made a profit of about 55 million U.S. dollars; the "scalper" made a profit of about 2 million U.S. dollars; the net loss of the 0xef044 address account was about 66 million U.S. dollars. Second, its address attribution is based on the Swipe escrow address used on Binance, so there is no insider trading. About $77 million was lost due to market volatility agreements. VGP will recover about 77 million USD from the distribution fund, and develop a community recovery plan for XVS holders, etc. in the form of airdrops from the distribution fund and agreement revenue. Since then, the entire leadership has changed, and Swipe will no longer be responsible for project management, and will introduce a new Venus committee, which will entrust voting weight and control, and strengthen risk control.

The automatic market maker BurgerSwap released a compensation plan, and the compensation token cBURGER will be airdropped to eligible users

According to official news, BurgerSwap, the first automatic market maker on the BSC chain, released a compensation plan. At block height 7781159 (before 06:54:46 PM on May 27th, UTC time), holders of BURGER LP under attack will be eligible Get compensated. The compensation plan is structured as follows:
1. New Token - cBURGER
A compensation token - cBURGER will be airdropped to those eligible users proportional to the value of their BURGER LP holdings prior to the attack.
2. cBURGER compensation pool
A cBURGER compensation pool containing $7 million worth of BURGER will be created, and compensation rewards will be funded by revenue generated from the BURGER and BurgerSwap functions allocated to the team. Compensation should be distributed linearly within 90 days, and all cBURGER holders can receive compensation by depositing their cBURGER into the cBURGER compensation pool.

A cBURGER compensation pool containing $7 million worth of BURGER will be created, and compensation rewards will be funded by revenue generated from the BURGER and BurgerSwap functions allocated to the team. Compensation should be distributed linearly within 90 days, and all cBURGER holders can receive compensation by depositing their cBURGER into the cBURGER compensation pool.

secondary title

Blockchain industry

Blockchain industry

"National Occupational Technical Skills Standards for Blockchain Application Operators" Officially Released

The "National Occupational Technical Skills Standards for Blockchain Application Operators (2021 Edition)" (hereinafter referred to as "Standards") was officially released today. It is understood that the Ministry of Human Resources and Social Security and the Ministry of Industry and Information Technology organized relevant experts to formulate the "Standard". The "Standard" is based on the "Occupational Classification Code of the People's Republic of China (2015 Edition)", strictly in accordance with the relevant requirements of the "Technical Regulations for the Preparation of National Occupational Skills Standards (2018 Edition)", with "professional activities as the orientation and vocational skills as the core" The guiding ideology provides a standardized and detailed description of the professional activities of blockchain application operators and practitioners, and clearly stipulates the skill level and theoretical knowledge level of practitioners at all levels. In addition, the "Standard" divides this occupation into four grades according to relevant regulations: fourth-level/intermediate worker, third-level/senior worker, second-level/technician and first-level/senior technician, including occupational profile, basic requirements, job requirements and weight Table four aspects of content. (China Employment Network)

DBS Issues $11.3M Digital Bond in First STO

DBS Bank has issued a S$15 million ($11.3 million) digital bond in its first security token offering (STO). The DBS Digital Bond, issued through its digital exchange DDEx, will mature in six months and carry a coupon rate of 0.6% per annum. The bank is the sole bookrunner for the deal, which was completed through a private placement. (CoinDesk)

The Metaverse brand signin announced that it has completed multi-million dollar angel financing a month ago, led by the licensed institution メタバースマネー (Metaverse Money). Only FBG CAPITAL and LD CAPTIAL are certified investment institutions in the Chinese-speaking region. Individual investors are only There are large empty wings. No institution in the Chinese-speaking region has obtained private placement authorization.

Investment and Financing

Metaverse brand signin completes multi-million dollar angel financing, led by licensed agency Metaverse Money

The Metaverse brand signin announced that it has completed multi-million dollar angel financing a month ago, led by the licensed institution メタバースマネー (Metaverse Money). Only FBG CAPITAL and LD CAPTIAL are certified investment institutions in the Chinese-speaking region. Individual investors are only There are large empty wings. No institution in the Chinese-speaking region has obtained private placement authorization.

Decentralized oracle machine DotOracle receives strategic investment from THORChain, Mozaik Capital, etc.

DotOracle, a real-time decentralized oracle and cross-chain liquidity network of Cypolka Ecosystem, announced that THORChain, Mozaik Capital, Sandbar Investment and Sentor Investment have become its latest strategic investors, which will help DotOracle launch on the decentralized oracle mainnet When extending the validator.

ArkStream Capital announces investment in cross-chain smart contract wallet Blocto

ArkStream Capital announces investment in cross-chain smart contract wallet Blocto

News ArkStream Capital announced to invest in Blocto, a cross-chain smart contract wallet. Blocto is an integrated cross-chain smart contract wallet service that enables users and developers to easily interact with their cryptocurrencies, DApps and NFTs.

OIO Holdings, a listed company in Singapore and a provider of engineering and blockchain-related services, said it has acquired Moonstake, a pledge pool provider, in an all-stock transaction for an undisclosed amount. Moonstake is the second-largest staking business in Asia, with more than $900 million in pledged assets as of the end of May, the OIO said in an emailed news release on Monday. By holding 100% of the equity in Moonstake, OIO will receive a commission of up to 0.5% on pledged assets. The company emphasized that the industry's shift to PoS is beneficial in reducing environmental concerns raised by PoW blockchains (i.e., mining) such as Bitcoin. (CoinDesk)

global policy

global policy

Acting Comptroller of the Currency: U.S. Should Define a “Regulatory Sphere” for Cryptocurrencies

Michael Hsu, the acting director of the U.S. Office of the Comptroller of the Currency (OCC), said in an interview with the Financial Times that he hopes that U.S. officials will work together to define a "regulatory scope" for cryptocurrencies. He said that cryptocurrency regulation requires extensive coordination among various regulatory agencies, and currently various agencies are willing to work together in many aspects. A cross-agency cryptocurrency regulation “sprint” team comprising the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) has held its first meeting this month. Michael Hsu said the team's goal is not to formulate policy, but to provide ideas for regulators, with the aim of keeping pace with the growth of cryptocurrencies. Michael Hsu said: The group is small and the hierarchy is high. Because now the important thing is to move fast, too large will affect the speed. (Financial Times)

Bank of India: Banking services for encrypted accounts are not prohibited, and relevant agencies are allowed to conduct due diligence on customers

India's central bank - The Reserve Bank of India (RBI) has clarified its stance on cryptocurrencies, claiming that there is no ban on banking services for encrypted accounts, while also allowing banking institutions to conduct due diligence on customers involving digital assets. Over the past few weeks, major Indian banks such as HDFC Bank and SBI Card have formally warned their customers against trading cryptocurrencies, citing the RBI’s 2018 circular. However, the RBI noted that the notice is no longer valid: "Given the order of the Supreme Court judge, the notice is no longer valid from the date of the Supreme Court judgment and therefore cannot be cited." (U.Today)

South Korean authorities have decided that the Korea Financial Supervisory Service will be responsible for the supervision of the cryptocurrency market

South Korean authorities decided on Friday to order the Financial Supervisory Service (FSS) to lead the government's efforts to oversee the country's expanding cryptocurrency market after lengthy discussions. It is reported that the agency will closely monitor the implementation of the previous regulatory measures. The South Korean government has also delegated powers to the Ministry of Science and ICT to guide the development of the country’s blockchain industry. Additionally, South Korean authorities will insist on income tax on gains from cryptocurrency transactions. Cryptocurrency investors who earn 25 million won ($22,400) or more next year will be required to pay a 20 percent income tax. (Bitcoin.com)

Central Bank of Brazil Issues General Guidelines for CBDC

The Central Bank of Brazil (BCB) recently released a document that clarifies the overall guidelines for the future of the Brazilian Central Bank's digital currency (CBDC). The document details the agency’s hypothetical CBDC features and characteristics for future releases, mentioning its use as a currency substitute, compliance with anti-money laundering and anti-terrorism regulations, and more.

Brazilian citizens have until June 1 to file their 2021 income tax returns. Taxpayers who have more than 5,000 reais worth of tokens in their wallets, which is $960 at current exchange rates, must report their cryptocurrency holdings to the country’s national tax agency, the Receita Federal. This year, the tax office has adopted a dedicated code 81 on the Assets and Entitlements Form for Bitcoin (BTC), 82 for other cryptocurrencies such as ETH, BCH, XRP and LTC, and 89 for digital tokens.

Character·Voice

Character·Voice

Xinhua News Agency: Virtual currency lacks value support and is prone to skyrocketing and plummeting due to liquidity

Xinhua News Agency, New York, May 30th, the recent sharp fluctuations in virtual currency prices have attracted widespread attention. Some market analysts believe that virtual currencies have skyrocketed in the market environment of flooding liquidity, but due to the lack of value support, and the impact of stricter supervision and the central bank's monetary policy or shift in the future, the skyrocketing market may be inevitable. According to data from the website of the market service organization "Bitcoin Counter", the price of Bitcoin has continued to rise since last year, from less than US$10,000 to more than US$64,000 in one year. about.

Irish central bank official: growing popularity of cryptocurrencies is a concern

Derville Rowland, a senior official at the Central Bank of Ireland, said the growing popularity of cryptocurrencies such as bitcoin was "worrying" and that it was an unregulated investment where people should be aware they could lose their entire assets. (Bloomberg)

Former Deputy Governor of Central Bank of Nigeria: Bitcoin Still a Hedge Tool for Many Nigerians Against Inflation and Naira Devaluation
Kingsley Moghalu, the former deputy governor of the Central Bank of Nigeria (CBN), compared the collapse of Bitcoin to what often happens in the stock market. He said the same results were recorded in other financial assets as investing remained risky. Cryptocurrencies have taken a beating in financial markets. This is the case for most financial assets, such as company shares on the stock exchange. That's always a risk, but in Nigeria it remains a hedge for many against inflation and the devaluation of the naira. This dip could be an opportunity to buy.

Central Bank of Nigeria (CBN) Governor Godwin Emefiele continued to blame the drop on fraudulent activity. (Ripples Nigeria)

Grayscale founder: Dogecoin is not worth $37 billion

Grayscale founder Barry Silbert believes that Dogecoin's value comes entirely from collective belief, rather than any form of utility, and it is not worth $37 billion. (U. Today)

Changpeng Zhao: Binance fully uses the multi-signature mechanism, and the global distribution of people in the multi-signature list is not connected in series