| Federal Reserve and Yale University researchers develop two regulatory frameworks for stablecoins; South China Morning Post launches "ARTIFACT" program, which will create NFT based on its historical news (July 20)

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Fed, Yale researchers develop two regulatory frameworks for stablecoins

The South China Morning Post launches the "ARTIFACT" project, which will create NFTs based on its historical news

The South China Morning Post (SCMP) announced plans to launch an NFT platform called ARTIFACT to digitize “historical assets,” according to official documents. SCMP will create collectible NFTs from its historical news and is currently exploring governance through a decentralized autonomous organization (DAO). It is reported that ARTICAFT will provide a platform for everyone to discover, collect, display and trade. In the short term, SCMP will cooperate with third-party markets to provide collectors with trading opportunities, while working on creating an open multi-chain market to realize the collection and exchange of historical assets NFT.

digital currency

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digital currency

On July 18, the 17th China International Animation and Game Expo (CCGEXPO2021) came to an end. At the site of this China International Animation and Game Expo, Bank of China appeared at CCGEXPO with an ancient "bank" to show a brief history of China's currency development. From shellfish coins and knife coins in the original era to copper coins and banknotes, to the latest digital renminbi, digital currencies use the CCGEXPO platform to break the circle.

Official news, the Ethermine mining pool announced that after the London upgrade at block height 12,965,000, the payment policy will be changed: 100% instead of 80% of the MEV rewards will be forwarded to miners; now it is also possible to initiate manual payments and change thresholds through IP verification; The minimum payment threshold will be reduced to 0.01 ETH and there will be no automatic monthly payment; the payment transaction fee paid by miners for all Ethereum mainnet payment transactions, miners can set the maximum gas price they are willing to pay.

Ethermine mining pool announced that it will change the payment policy after the London upgrade, 100% instead of 80% of MEV rewards will be forwarded to miners

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Blockchain industry

NBA Nets Star Dinwiddie Partners with SUKU INFINITE to Issue Convertible "Digital Sneakers" NFT

Blockchain industry

NBA Nets Star Dinwiddie Partners with SUKU INFINITE to Issue Convertible "Digital Sneakers" NFT

NBA Brooklyn Nets star and Calaxy co-founder Spencer Dinwiddie (Spencer Dinwiddie) has partnered with SUKU's carbon-negative NFT trading marketplace INFINITE to issue the first NFT tied to physical collectibles. Dinwiddie released his signature game wearing the K8IROS "Digital Sneakers" using SUKU's Digital Ledger label. SUKU has verified and ensured the authenticity of the NFT issuance, which will be auctioned on July 22, 2021. All profits from the release will go to the Dinwiddie Family Foundation, an organization that supports disadvantaged and at-risk youth through fitness, literacy and education programs. K8IROS will be the first NFT to be verifiably linked to a physical collectible through a SUKU-backed NFT marking system, with all distribution proceeds being donated to the Dinwiddie Family Foundation to support at-risk minority youth.

The Ethereum documentary that Vitalik will be appearing in exceeds the fundraising within 3 days, raising 1035.96 ETH

An Ethereum documentary "Ethereum: The Infinite Garden" to be filmed by Vitalik Buterin raised 1,035.96 ETH over a 3-day period. The documentary's fundraising target is 750 ETH. 95% of the funds raised will be used for film production budget, about 984.16 ETH; 2% will be donated to Carbonfund.org for carbon offset, about 20.72 ETH; 3% will be donated to Gitcoin Grants to support the open source Ethereum project, About 31.08 ETH. According to the documentary's projected timeline, the film will launch in winter 2023.

Arsenal FC announce new partnership deal with Chiliz

DeFi project array finance official: Flash loan caused a loss of over 500,000 US dollars, or it was done by an insider

DeFi project array finance official: Flash loan caused a loss of over 500,000 US dollars, or it was done by an insider

According to official news, the DeFi project array finance confirmed that it was attacked by flash loans. The official said that the attacker made a profit of about 272.94 ETH, worth about 515,000 US dollars. Array hopes to find a company or organization that will guarantee lost liquidity and pay it back after launch. In addition, Array stated that Gismar was removed from the team because the team believed that his negligence and carelessness caused the liquidity to be stolen, or he stole the money himself. Active attempts are being made to contact and contact Gismar, but all his social media has been shut down and emptied. Array's next steps are to use the remaining funds to hire a reliable developer; fix the problem at hand so that the current job can continue; try to find someone to put up a mortgage for the $700,000; take legal action. Finally, array will soon have a voting system set up for CCO Contributors to decide whether to proceed with the project.

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According to official news, the DeFi project array finance confirmed that it was attacked by flash loans. The official said that the attacker made a profit of about 272.94 ETH, worth about 515,000 US dollars. Array hopes to find a company or organization that will guarantee lost liquidity and pay it back after launch. In addition, Array stated that Gismar was removed from the team because the team believed that his negligence and carelessness caused the liquidity to be stolen, or he stole the money himself. Active attempts are being made to contact and contact Gismar, but all his social media has been shut down and emptied. Array's next steps are to use the remaining funds to hire a reliable developer; fix the problem at hand so that the current job can continue; try to find someone to put up a mortgage for the $700,000; take legal action. Finally, array will soon have a voting system set up for CCO Contributors to decide whether to proceed with the project.

Indian Regulator Investigates Cryptocurrency Exchange WazirX, Alleges Violations of Foreign Exchange Control Act

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India's Enforcement Directorate (ED) has issued a cause notice to WazirX for alleged violations of the Foreign Exchange Control Act involving transactions worth Rs 2,790.74 crore (about $372 million). An ED official emphasized that WazirX’s platform allows customers to transfer cryptocurrencies without proper documentation, making it a vehicle for money laundering. An exchange spokesperson said WazirX intends to follow up on the ED’s notice, saying “this is where regulatory clarity helps us a lot.”

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Magellan co-founder: Sooner or later, cryptocurrencies will inevitably return to zero

Magellan co-founder and billionaire Hamish Douglass has slammed the cryptocurrency market as one of the largest delusions in modern history, warning that asset prices driven up by government and central bank stimulus could face a day of reckoning. When other speculative bubbles finally run out and burst, cryptocurrencies will inevitably go to zero.