| Ethereum is expected to merge in Q2 next year; Merit Circle completes $100 million public offering financing (November 8)
headlines
headlines
News Coinbase encryption engineer yuga tweeted to summarize the Ethereum community conference call on November 6. The key information of this meeting includes: the merger is expected to take place around the second quarter of 2022 (subject to change); Downtime, this is a "consensus hot swap"; the merger divides the business logic of Ethereum into two layers, the consensus layer is the verification node to vote on blocks, finality, etc., the node clients include Prysmatic Labs and Teku, and the execution layer is the node To build blocks, verify transactions, etc., the clients include Geth and Nethermind; after the merger, the node operator must propose a consensus node in addition to the existing execution node; the ETH locked in the Staking contract will remain locked after the merger. The first task of the Ethereum community after the merger is to unlock the pledged ETH.
Source: Reddit May Soon Convert Users' Karma Points to Ethereum-Based ERC20 Tokens
digital currency
digital currency
Digital assets platform Bakkt will provide Ethereum trading services
Digital asset platform Bakkt said in a statement on Friday that it will soon offer ethereum trading services to clients in addition to bitcoin. Bakkt’s institutional clients can also store ether using the company’s custody service. The company did not give a specific date for when users will be able to start trading ethereum. Bakkt was launched in 2018 by Intercontinental Exchange (the parent company of the New York Stock Exchange) as a cryptocurrency custodian and currently only trades bitcoin.
Canadian asset management giant IGM Financial is considering launching bitcoin and ethereum products. CEO James O'Sullivan said that the company's decision on whether to get involved in the cryptocurrency field has not yet been finalized. Time to launch. The firm has $265 billion in assets under management. (Bloomberg)
Argo Blockchain's West Texas Mining Facility Center Could Cost $2 Billion
The Ethereum Foundation’s Ecosystem Support Program (ESP) updated its second-quarter funding, providing a total of $7.794 million in funding for 40 ecosystem projects, including community and educational projects EthCC, ETHUni Content and Educational Resources, etc., consensus layer projects Eth2 Crawler, Fast Hash-to-Curve Research, Stereum, etc., cryptography and zero-knowledge proof projects ZK Games, Verkle Trie Optimizations, etc., developer experience and tools clr.fund UI, Viblex, etc., Executive layer projects Nethermind Execution Client, Layer 1 R&D, etc., Layer 2 projects Plonkit, Arbitrum Review, etc., user experience projects ZK Games Design Support, etc.
Kain Warwick, the founder of the synthetic asset protocol Synthetix, tweeted that the split of the V3 team has made significant progress, and the new contract structure has essentially been coded. The next step is to demonstrate it to V2x engineers, and then start the development of the V3Gov module. Kain Warwick also said that the new Synthetix ecosystem will develop around Synths (Synthetix synthetic assets) on L2, which will take 3 to 6 months.
Kain Warwick, the founder of the synthetic asset protocol Synthetix, tweeted that the split of the V3 team has made significant progress, and the new contract structure has essentially been coded. The next step is to demonstrate it to V2x engineers, and then start the development of the V3Gov module. Kain Warwick also said that the new Synthetix ecosystem will develop around Synths (Synthetix synthetic assets) on L2, which will take 3 to 6 months.
Moonriver launched SUSHI liquidity mining, and Sushi and Moonbeam established an extensive cooperative relationship
Twitter user Mempooler tweeted that the asset bridge launched by the cross-chain protocol Synapse Protocol is suspected to have a loophole. The attacker managed to manipulate the price of nUSD and made a profit of about 8 million US dollars. At present, the attacker's funds are still on the bridge. Aurelius, a core member of Synapse, said in Discord that out of an abundance of caution, the bridging service has been suspended.
According to the official news from SlowMist, the private key leak of the DeFi lending protocol bZx on the Polygon and BSC chains has resulted in the theft of more than $55 million in assets. At the same time, bZx officially stated that the hacking incident was not aimed at the protocol itself, but a phishing attack aimed at bZx developers. The bZx on Ethereum was not affected, but the bZx on the BSC and Polygon networks were affected. protocol.
According to reports, the farm type chain game Farmers World had a coin theft incident on Saturday night, and the rumored amount exceeded 100 million yuan. Farmers World is a game based on the WAX chain, and WAX is a secondary development based on the EOS public chain. Therefore, the DPoS consensus is also adopted, requiring users to pledge WAXP to obtain CPU, NET and RAM resources.
Twitter user Mempooler tweeted that the asset bridge launched by the cross-chain protocol Synapse Protocol is suspected to have a loophole. The attacker managed to manipulate the price of nUSD and made a profit of about 8 million US dollars. At present, the attacker's funds are still on the bridge. Aurelius, a core member of Synapse, said in Discord that out of an abundance of caution, the bridging service has been suspended.
Blockchain industry
Blockchain industry
The 4th CIIE achieves full coverage of digital RMB payment under the exhibition scene
The 4th China International Import Expo (CIIE) will achieve full coverage of digital renminbi payments under the exhibition scene, providing a one-stop digital renminbi consumer payment experience. (China News Agency)
Ernst & Young launched a new product "Ernst & Young Blockchain Audit Platform" at the CIIE
On November 7, at the new product release event of the 4th China International Import Expo, Ernst & Young launched the first Asian product "Ernst & Young Corporate Carbon Management Suite" and the first new product in China "Ernst & Young Blockchain Audit Platform". The "Ernst & Young Blockchain Audit Platform" can identify the key risk information of the blockchain for users, and is committed to building the trust of users in the ecosystem. Through static and dynamic code analysis methods, hundreds of tests are automatically run to complete the bottom layer Technical and smart contract testing and verification, providing evaluation results that are both technical and easy to understand with descriptions and examples. The platform is committed to evaluating and testing the performance and security of smart contracts with technical methods, helping users build trust, improving product transparency, and reducing the risk of enterprise transformation. (International Finance News)
Hubei plans to build a blockchain service network backbone network in Hubei Province by 2025
The Hubei Provincial Government recently issued the "Opinions on Comprehensively Promoting the Construction of Digital Hubei", focusing on the four key points of digital economy, digital society, digital government, and digital ecology, accelerating the improvement of digital development ecology, focusing on improving digital development capabilities, and empowering Hubei in an all-round way Economic and social transformation and upgrading. The document pointed out that by 2025, 130,000 5G base stations will be built, 80% of administrative villages will be connected to 5G networks, the integrated big data center system will be improved day by day, and the backbone network of the blockchain service network will be built in Hubei Province. (Jimu News)
Shenzhen Port's first foreign trade blockchain electronic delivery platform goes online
Indian short video social platform Chingar completes $40 million in financing by selling its social token GARI
Investment and Financing
Merit Circle announces $100 million public offering
According to official news, Merit Circle announced that it has completed $100 million in financing through the Balancer Labs Liquidity Bootstrapping Pool on Copper, a fair start-up auction platform. It is reported that Merit Circle is creating a DAO to provide opportunities to make money through games for those who want to help build the Metaverse.
Indian short video social platform Chingar announced on Thursday that its social token GARI raised $40 million within 24 hours of the Republic sale. Chingar said in a statement that GARI is based on the Solana blockchain and aims to provide content monetization opportunities to the creator community. Republic is a crowdfunding platform that offers investments in startups, real estate, games and cryptocurrencies. (Economic Times. India Times)
Regain Ventures makes strategic investment in GameFi universe CheersLand
NFT game MechMaster completed IDO on Gamefi and Redkite, financing $492,960
The NFT game MechMaster announced the completion of IDO on Gamefi and Redkite, and the project's native tokens are also listed on PancakeSwap. Out of 70,000 whitelisted applications, 3,000 whitelisted wallets participated in the IDO, raising a total of $492,960. Mech Master will launch the NFT marketplace. (Coinquora)
Poolz Ventures announces investment in NFT game World of Defish
News Poolz Ventures announced that it is making a large investment in World of Defish. It is reported that World of Defish is a decentralized NFT game ecosystem based on Binance Smart Chain (BSC). Its advisors include Orion M. Depp (Managing Partner of Master Ventures) and Sophia Ho (former CEO of MochiLab and founder of M36 Capital) people). World of Defish also has partnerships with DeSpace and DareNFT.
Regain Ventures makes strategic investment in GameFi universe CheersLand
CheersLand, the scalable GameFi universe, has announced that Indian investment firm Regain Ventures has become its new strategic backer and investor. Its cooperation plan will focus on the long-term marketing and promotion of CheersLand, especially including all games based on CheersLand, the gamification launch platform (the first game release) and the user growth of Metaverse Social, creating more economic opportunities for users and players .
global policy
global policy
According to news from the official website of the Cyberspace Administration of China on November 5, the Central Cybersecurity and Informatization Committee recently issued the "Action Outline for Improving the Digital Literacy and Skills of the All People", making arrangements for improving the digital literacy and skills of the whole people. "Gang Yao" proposes to guide and support emerging professional groups, and actively use 5G, artificial intelligence, virtual reality, big data, blockchain and other digital technologies to innovate and start businesses.
Brazil's Vice President Submits Draft Bill: Allowing Workers in the Country to Be Paid in BTC
Character·Voice
Character·Voice
JP Morgan: Ether will continue to outperform Bitcoin, but both are overvalued
In its recent report, JPMorgan laid out the main reasons why Ethereum is superior to Bitcoin. Analyst Nikolaos Panigirtzoglou noted that Ethereum is at the forefront of DeFi. According to data provided by DeFiPulse, the total value locked in Ethereum-based DeFi projects has now exceeded $106 billion. Coupled with NFTs and stablecoins, Ethereum has more use cases than its bigger and older competitors.
Panigirtzoglou noted that Bitcoin, as a hedge against inflation, thrives in a low interest rate environment that exposes the financial system to risks. However, bitcoin and gold could take a hit as bond yields rise. According to Panigirtzoglou, ether is also less susceptible to environmental issues due to its imminent transition to proof-of-stake (PoS).
