| Google lifted the ban on cryptocurrency advertising; the number of Ethereum 2.0 contract pledges exceeded 6.5 million ETH (August 5)

Odaily资深作者

2021-08-05 08:02 (UTC+8)

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As of 10:30 on August 4, the Ethereum 2.0 deposit contract address has received 6.5083 million ETH, accounting for 5.57% of the current supply of Ethereum.

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As of 10:30 on August 4, the Ethereum 2.0 deposit contract address has received 6.5083 million ETH, accounting for 5.57% of the current supply of Ethereum.

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Google’s new financial products and services policy is now in effect, allowing eligible advertisers to place cryptocurrency ads

Google's previously updated financial products and services policy, which went into full effect yesterday, means that Google will once again allow ads for cryptocurrency exchanges and wallets. The move will provide additional revenue for Google parent Alphabet, though cryptocurrency advertising may be just a drop in the ocean of the company's $147 billion in ad revenue.

Data: The number of Ethereum 2.0 contract pledges exceeded 6.5 million ETH

According to the data from the masters on the Okey Cloud chain, as of 10:30 am, the Ethereum 2.0 deposit contract address has received 6.5083 million ETH, accounting for 5.57% of the current supply of Ethereum, and 22432 ETH has been added in the past 24 hours. The current annualized rate of return on pledge is about 6.26%.

Japan's Top Financial Regulator: Japan Considers Cryptocurrency Traders Part of Anti-Money Laundering Program

Japan's top financial watchdog said his planned anti-money laundering platform could include cryptocurrency traders, who he said have the same obligations as traditional financial institutions to ensure they do not deal with criminals. The Financial Services Agency (FSA) said it was planning to create a common industry-wide system that financial firms could use to determine whether their customers might be terrorists and whether customer accounts were at risk of being used for money laundering. Junichi Nakajima, head of the FSA, said in an interview with the Wall Street Journal: "Cryptocurrency traders are the same as banks in the sense that they are prohibited from dealing with those who are sanctioned." (Wall Street Journal)

Last month, the Bank of Korea announced that it had selected Ground X, the blockchain subsidiary of internet giant Kakao, for a pilot to test its CBDC, the digital Korean won. The pilot will consist of two phases and will begin this month. Key stakeholders plan to complete the first phase, which will focus on the most basic functions of the nascent digital fiat currency, by December. The second phase, which will examine more advanced concepts such as privacy considerations, is scheduled to conclude in June 2022.

digital currency

Asset management company Victory Capital submits S-1 document to US SEC to launch new crypto ETF

Information management company Victory Capital Digital Assets, LLC has submitted an S-1 form application to the US Securities and Exchange Commission to launch a new encryption ETF based on the Nasdaq Crypto Index, which will track the performance of the Nasdaq Crypto Index (NCI) : VictoryShares Hashdex Nasdaq Crypto Index ETF. The Nasdaq Crypto Index, made up of crypto assets with larger market caps, was created in partnership with Hashdex Ltd, an asset manager focused on crypto assets. In addition to this NCI-tracking ETF, Victory Capital plans to offer investors the option to work with private funds that follow the BTC Reference Price Index and the ETH Price Index, both of which are launched by Nasdaq. (U. Today)

Twitter CEO Backs Changes to Cryptocurrency-Related Provisions in U.S. Infrastructure Act

Twitter CEO Jack Dorsey tweeted that he supports the efforts of U.S. Senators Pat Toomey and Ron Wyden to revise the cryptocurrency-related provisions of the infrastructure bill. Dorsey said the infrastructure bill's current tax reporting language would place unfeasible requirements on bitcoin node operators, developers and miners.

Grayscale Hires Ex-Alerian CEO David LaValle as ETF Head, Pushes to Convert GBTC to ETF

Grayscale has hired David LaValle, the former CEO of custom index provider Alerian, as its global head of exchange-traded funds (ETFs), who will drive the conversion of the Grayscale Bitcoin Trust (ticker: GBTC) to ETFs. In addition, Grayscale is looking to fill at least 10 other ETF-related positions. (Bloomberg)

Uniswap V3 launches a full range of liquidity functions that simulate V2

Uniswap V3 launched the full range liquidity (Full Range) function that simulates V2, and users can provide a full range of liquidity from 0 to infinity with one click. Note: Compared with V2, the V3 version introduces a "centralized liquidity" design, and liquidity providers only participate in market making within a custom price range.

The Polkadot ecological smart contract platform Astar Network adds X-VM (cross-virtual machine) to the core functions

According to official news, Astar Network (formerly Plasm), the Polkadot ecological smart contract platform, announced that it has added X-VM (cross-virtual machine) to its core functions. Astar developers can deploy Solidity and Ink on both WebAssembly and Ethereum virtual machines.

Popsicle Finance official: a total loss of 20.7 million US dollars, if the hacker returns the funds, a 1 million US dollar bonus will be paid

News Popsicle Finance officially released an after-the-attack report. At 06:53 Beijing time today, a hacker executed a transaction that successfully drained 85% of the Sorbetto Fragola (Uniswap V3 Optimizer) pool, only affecting the Sorbetto Fragol contract, other contracts For example, nICE staking, ICE farming contracts and ICE token contracts are not affected. The attack lost a total of 2,600 wETH, 5 million USDC, 5 million USDT, 160,000 DAI, 10,000 UNI, and 96 wBTC, totaling $20.7 million. Popsicle Finance said neither it nor auditors Peckshield and Certik had noticed the error in the contract. Additionally, Popsicle Finance will pay a $1 million bounty if the hackers return the funds. Regarding the loss of funds, some current ideas of Popsicle Finance include: increasing the Popsicle Protocol fee from 10% to 15%, of which 5% is used for the lost fund pool; using tokens still allocated to the team as nICE for pledge, and all proceeds Payouts to lost pools; issue debt tokens; borrow money using team and DAO funds as collateral, repaying pro rata over a year or more.

Wault Finance official: the stablecoin WUSD suffered a flash loan attack, and the initial estimated loss was about 800,000 US dollars

Wault Finance, a BSC-based DeFi platform, officially stated that its business-supported stablecoin WUSD has encountered a flash loan attack, and is investigating with 3 auditing companies to temporarily disable minting. The initial loss from the attack was estimated at around $800,000, but 90% of the USDT collateral and all mining pools and treasuries were safe as expected. The treasury has about $150,000, which will be used for WEX buybacks to fill the gap. The attack resulted in $100 million in transactions, which will also be used for more buybacks. Once the bug is fixed, the stability mechanism will also resume filling the WUSD treasury until it returns to $1. Everything else on Wault continues to run safely without issue.

secondary title

Blockchain industry

The Shanghai-Soviet digital renminbi pilot will be launched, and JD.com and Bank of Communications will issue 20 million yuan gift packages

The Bank of Communications Shanghai-Soviet Digital RMB Pilot JD.com special event will be launched on August 6. At that time, 500,000 digital RMB gift packages totaling 20 million yuan will be distributed to Shanghai and Suzhou citizens. It is reported that citizens of Shanghai and Suzhou can visit the designated event page through the "Jingdong" app to sign up for this digital renminbi event from 10:00 on August 6 to 24:00 on August 12. It will come into effect at 18:00 on August 16 and can be used before 24:00 on August 29. The Bank of Communications and JD Technology jointly promoted the construction of the digital renminbi development ecology based on their respective resource advantages in the digital renminbi pilot cooperation, and realized the sharing of digital renminbi consumption scenarios in Shanghai and Jiangsu. (financial)

Bank of Fujian has handled 6,516 trade financing transactions through the cross-border financial blockchain platform

According to the press conference of the Fuzhou Central Sub-branch of the People's Bank of China in the first half of 2021, the pilot cross-border financial blockchain platform in Fujian Province actively helps small, medium and micro enterprises to raise funds. Since the pilot program, banks have handled a total of 6,516 trade financing transactions with an amount of 2.358 billion US dollars through cross-border blockchain platform financing application scenarios. Small, medium and micro enterprises accounted for more than 80% of the transactions and nearly 60% of the amount. "Export credit insurance policy financing" is a new application scenario for the blockchain service platform in 2021. The person in charge of the Fuzhou Central Sub-branch of the People's Bank of China said that this scenario builds a bridge for data interconnection and business connection between foreign exchange bureaus, credit insurance companies, and banks, providing rich cross-border trade background information and convenient document verification services, effectively solving long-term problems. Problems such as high operating costs, low level of digitization, and obvious data barriers plague the policy financing business. During the epidemic prevention and control period, the average monthly financing amount of cross-border blockchain platforms increased by 51% compared with that before the epidemic, providing important support for supporting the resumption of work and production of small, medium and micro enterprises, alleviating financial tension, and consolidating the foundation of economic development. (Economic Information Daily)

The country's first "blockchain + idle housing" transaction was completed in Kunshan

On the afternoon of August 2, Kunshan City, Jiangsu Province used blockchain technology for the first time to complete the transfer transaction of the right to use rural idle houses. The 12-year use right of the idle house at No. 25 Liurudun, Yongxin Village was paid by the company at a unit price of 18.69 yuan/month/square meter It won the competition on the Jiangsu Provincial Rural Property Rights Transaction Information Service Platform. Relying on the provincial information service platform, the transaction information is directly stored on the chain to ensure the credibility of the housing source, the authenticity of the transaction, and the traceability of the results.

Sweet, an enterprise NFT solution, announced that Animoca Brands has become a strategic investor in its A-2 financing round, valued at $110 million. Animoca Brands investment enables Sweet to expand partnership opportunities across Asia, add headcount to its U.S. corporate headquarters, and manage corporate partnerships with hotels and teams in the NBA, NHL, F1 racing, Fortune 500 retail brands, fast food restaurants and more relation. (PR News Wire)

Investment and Financing

Enterprise NFT solution Sweet announces Animoca Brands as a strategic investor in its A-2 funding round at a $110M valuation

NFT Marketplace MakersPlace Announces $30M Series A Funding Led by Bessemer Venture Partners and Pantera Capital

Encrypted investment platform Aspen Digital raises $8.8 million, led by RIT Capital Partners and others

Aspen Digital, an encryption investment platform, announced on Wednesday that it has completed $8.8 million in Pre-A round of financing, led by RIT Capital Partners, an investment trust founded by Jacob Rothschild, and Liberty City Ventures, an early blockchain venture capital firm, Cherubic Ventures, Token Bay Capital, Somerley Capital, "Fortune" magazine owner Xie Zhan (Chatchaval Jiaravanon) and Chaval Jiaravanon participated in the investment. This round of financing will be used for team expansion and market expansion in Hong Kong, London and Singapore, targeting customers in Asia, Europe and the Middle East. (PRNewswire)

Blockchain startup Data Gumbo completes $7.7 million Series B round led by Equinor Ventures

Data Gumbo, a blockchain start-up company, completed a $7.7 million Series B round of financing, led by Equinor Ventures, with participation from Saudi Aramco Energy Ventures, Bay Area and L37. (Business Wire)

Multi-chain DeFi management platform Krystal completes USD 6.6 million in seed round financing, with participation from Hashed, LD Capital, ArkStream Capital, etc.

According to official news, Krystal, a multi-chain DeFi management platform, completed a $6.6 million seed round of financing, led by Hashed, with participation from Crypto.com, Signum Capital, BlockTower, HyperChain, Arrington Capital, LD Capital, DeFi Alliance, ArkStream Capital, and Coin98.

Onramp Invest Completes $6 Million Seed Round Financing, Coinbase Ventures and Others Participate

Onramp Invest, an iPaaS technology platform that provides encrypted asset channels for registered investment advisors (RIAs), announced the completion of a $6 million seed round of financing. Investors include Coinbase Ventures, Eterna Capital, Fox Ventures, Galaxy Digital, Galaxy Fund Management, Gemini Frontier Fund, Ritholtz Wealth Management, WisdomTree. With this financing, Onramp plans to expand its services to RIAs, explore broker registration, and increase the size of its engineering team.

Fixed-rate income and trading protocol Sense Finance announces $5.2 million funding round led by Dragonfly

Official news, Sense Finance, a fixed-rate income and trading agreement, announced the completion of $5.2 million in financing, led by Dragonfly, followed by Bain Capital Ventures, Nascent, Variant, Robot Ventures, and theLAO.

NFT platform Mynft completes seed round financing, led by HashKey and participated by Dapper Labs

According to official news, Mynft, an NFT platform based on Flow, announced that it has completed its seed round of financing. This round of financing was led by HashKey, with participation from Dapper Labs, Everest Ventures Group, SevenX Ventures, and Yuanyuzhou Ventures.
This round of financing will be mainly used for team building and product development. As the first project of the Flow Ecology in China, Mynft has received Grants support from the Flow Foundation in March this year. The platform aims to connect the eastern and western markets and provide users with high-quality distribution, transaction and social experience.

This round of financing will be mainly used for team building and product development. As the first project of the Flow Ecology in China, Mynft has received Grants support from the Flow Foundation in March this year. The platform aims to connect the eastern and western markets and provide users with high-quality distribution, transaction and social experience.

Blockchain Development Platform Alchemy Adds List of Angel Investors

Alchemy, a blockchain development platform, brought in several angel investors from different industries to provide advice and guidance for the company’s expansion. The investor roster includes individuals from the cryptocurrency space and other fields: Chainalysis founder and CEO Michael Gronacer, DoorDash founder and CEO Tony Xu, Morgan Stanley president and COO Vikram Pandit, and DreamWorks co-founder Jeffrey Katzenberg, among others. (The Block)

Billionaire Alan Howard Has Invested in German Crypto Asset Manager Iconic Holding

Alan Howard, co-founder of macro hedge fund Brevan Howard, has invested in Iconic Holding, a German encrypted asset management company, according to the list of shareholders in Germany's Handelsregister. While declining to provide details, a Howard spokesman said the billionaire investor considered the size of the investment to be "negligible." The prominent financier owned about 5.8% of the company as of May, the documents show. Elwood Asset Management, which manages his personal digital assets, recently participated in a funding round for Sam Bankman-Fried’s FTX derivatives exchange, the largest in cryptocurrency history. (CoinDesk)

Formation.Fi, a cross-chain DeFi protocol, received strategic investment from Momentum6
According to previous news, Formation.Fi completed a strategic financing of US$3.3 million. Participating parties include Kenetic, Kosmos, Spark Digital Capital, AU21, X21 Digital, Momentum 6, GenBlock, GBV Capital, Shima Capital, Brilliance Ventures, and Bancor, Synthetix, Polygon founding people. Eighteen other investors also participated in the oversubscribed round.

global policy

US SEC chairman hints that approval of Bitcoin ETF must comply with SEC's strict regulations on mutual funds

United States Securities and Exchange Commission (SEC) Chairman Gary Gensler has hinted at a possible path to Bitcoin ETF approval. ETFs that comply with the SEC's strict rules for mutual funds can provide investors with the necessary protections, Gensler said. Gensler also expressed openness to an ETF focused on bitcoin futures. These bitcoin futures are offered by CME and require investors to put up a large margin deposit in order to trade them. “Given these important safeguards, expect staff to review such applications, especially if they are limited to bitcoin futures traded on CME,” Gensler said.

Gensler also said: "Some of the rules related to crypto assets are well resolved. The test to determine whether a crypto asset is a security is clear. However, there are still some gaps in this area: we need additional Congressional authorization to prevent transactions, Products and platforms fall into regulatory loopholes. We also need more resources to protect investors in this growing and volatile industry."

Indonesia's central bank is studying the development of central bank digital currency

Bank Indonesia is studying the development of a central bank digital currency (CBDC), or digital rupiah. Fitria Irmi Triswati, Director of Bank Indonesia’s Payment Systems Policy Department, said that many studies related to the development of a CBDC or digital rupiah have been conducted. According to him, there are many considerations in the development of digital currency, such as structure, technology, mechanism, etc. The impact on the stability of the financial system must also be considered. (Indonesian Business Daily)

At the Ninth Plenary Session of the Eleventh Hubei Provincial Party Committee, it was proposed to build a 51020 modern industrial system. In order to accelerate the construction of the system, four supporting projects were planned. Among them, the digital economy leap project will promote digital industrialization and industrial digitization, and accelerate construction represented by blockchain. We will accelerate the promotion of new technology applications such as "cloud access, intelligence empowerment, and chain use", and strive to break through 2.6 trillion yuan in the total scale of the digital economy in Hubei Province by 2023. (Jintai Information)

Character·Voice

U.S. Senator: Infrastructure Bill Crypto Provisions Have No Intention to Impose New Reporting Requirements on Non-Brokers Like Crypto Miners

Cardano founder Charles Hoskinson: smart contracts will be launched as scheduled

Cardano (ADA) founder Charles Hoskinson once again attacked those who claimed that Cardano will not launch smart contracts on Twitter, and said that smart contracts will be launched as scheduled. “To me, the level of skepticism people have about our upcoming smart contracts is extraordinary. It’s not like saying SC will be flat, it’s just not going to happen at all. Critics say it’s biblical With certainty, we should set up a fund to pay for their treatment." According to the roadmap previously announced by IOHK, the largest PoS blockchain is expected to launch smart contracts in early September.

Partner of The Spartan Group: SEC regulatory actions will affect the views of global regulators on cryptocurrencies

Spartan Black, a partner of The Spartan Group, a venture capital firm, tweeted that the current encryption market is concerned about the attitude of the US Securities and Exchange Commission (SEC) to the regulation of the encryption field. In addition to token prices, there are more stakes . The rules implemented by US SEC Chairman Gary Gensler in the coming months will really determine who will win the next 2-3 years of technology wars. One thing is clear, everyone will be watching the SEC closely and what they do will affect how regulators around the world think about cryptocurrencies.

Pantera Capital founder: London upgrade will help Ethereum catch up with Bitcoin

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