Overseas Weekly | CME will launch Bitcoin futures contract options next year; Algorand Dutch auction has no restart plan (9.16—9.22)
Produced by Odaily
Author | Wang Ye
Editor | Lu Xiaoming
Produced by Odaily
Author | Wang Ye
Editor | Lu Xiaoming
Star Project Progress
Star Project Progress
In a letter responding to questions from German legislator Fabio De Masi, Facebook said the U.S. dollar will be the main currency backing the digital currency Libra, accounting for 50 percent, with the euro (18 percent) and Japanese yen (14 percent) accounting for the rest. , GBP (11%) and SGD (7%). (The Block)
Facebook announces the composition of Libra reserves in legal currency: the US dollar accounts for 50% and ranks first, and the euro accounts for 18% and ranks second
The Polkadot ecological project Edgeware is led by Cosmos researchers for the "zero-hour fork"
Algorand's Dutch auction has no plans to restart for now
At the Algorand Beijing Community Technology Sharing Conference, Algorand Investment Relations and Business Director Chris answered the question "When will the Dutch Auction Restart?" Chris said that Algorand's sale is currently relatively successful and has been well received by the market. Supported by most of the top exchanges; the team regards stability as an important factor of the project. As for when to restart Algorand’s Dutch auction, it will be based on market conditions and foundation evaluation, and the corresponding process will be improved, but it will not be restarted for the time being . In addition, the Algorand Foundation also issued a statement last week that the proposal to extend the node unlocking period from 2 years to 5 years was supported by some nodes.
Kakao Token Klay Completes Dutch Auction
Klay, a token issued by Ground X, a subsidiary of South Korean Internet giant Kakao, was auctioned at 0.00001499 BTC (about 182 won) in less than a minute in a Dutch auction on Upbit Singapore. Ground X sold 2.5 million Klay tokens in this auction, and the individual participation limit is 50,000 Klay. Previously, Kakao decided to issue a total of 10 billion Klays, and the private discounted price for institutional investors was $0.03 (about 35 won) each. Therefore, relevant companies predict that the auction price may be around 150 won (considering that in most cases, institutional investors can buy at less than 1/5 of the online price). But unexpectedly, Klay ended the auction with a price of more than 180 won.
Overstock plans to cancel the digital asset dividend trading restrictions proposed by the former CEO
According to Odaily’s previous news, sources said that brokers of JPMorgan Chase and Morgan Stanley have been helping short sellers in recent days to overthrow Overstock’s former CEO Patrick Byrne’s strange plan to pay shareholders the next dividend in cryptocurrency. The scheme was devised by Byrne in hopes of deterring Overstock short sellers.
Cboe Again Withdraws VanEck/SolidX Bitcoin ETF Proposal
The Cardano network is about to enter the Jörmungandr testnet
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Investment and financing overview
Facebook acquires startup Servicefriend, or builds robots for Calibra's customer service team
Investment and financing overview
Facebook acquires startup Servicefriend, or builds robots for Calibra's customer service team
As Facebook prepares to launch its cryptocurrency Libra in 2020, the company is preparing to help it run. One of the latest developments, confirmed by TechCrunch, is Facebook's acquisition of startup Servicefriend, which builds bots (artificial intelligence-based chat clients for messaging apps) to help customer service teams. "We acquire smaller technology companies from time to time. We don't always discuss our plans," a Facebook spokesman said.
Online payments company Stripe raises $250 million in new funding round
On September 19, online payments company Stripe announced that it had raised an additional $250 million in funding from investors, including venture capital firms General Catalyst, Sequoia and Andreessen Horowitz, which will bring it pre-IPO. Valuation reached $35 billion.
Poloniex Donates Seventh Fund to Grin General Fund
According to the official Twitter of the Poloniex exchange, Poloniex donated the seventh fund to the Grin General Fund, this time the amount is 0.11956 BTC. As of now, Poloniex has donated 3.72202 BTC to the Grin General Fund.
Litecoin Foundation to allocate part of funds to Celsius Network
Alex Mashinsky, CEO of blockchain-based crypto lending program Celsius Network, said the Litecoin Foundation has selected Celsius Network as its preferred crypto wallet. As part of the deal, the Litecoin Foundation will allocate an undisclosed portion of funds to the network. LTC holders can get up to 10.53% return on their crypto holdings and USD loans as low as 4.95% annually.
Israeli startup GK8 announced Wednesday that it has raised $4 million from investors including the founders of cybersecurity giant Checkpoint. GK8 promises to provide crypto exchanges, hedge funds and other institutions with a way to record digital currency transactions offline. GK8 was launched in 2018 by two members of a special defense group that protects Israeli digital assets. Its board of directors also includes Eran Trofer, a well-known cryptography expert and founder of the digital currency ZCash.
