| DBS Bank officially launched a digital currency trading platform; Huobi announced the launch of the ecological chain Heco

Azuma

Odaily资深作者

@azuma_eth

2020-12-10 23:54

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3iQ Ethereum Fund to List on TSX, Has Raised $75M.

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3iQ Ethereum Fund to List on TSX, Has Raised $75M.

headlines

Singapore's DBS bank officially launches digital trading platform, will start trading next week

News On December 10, Huobi Global issued an official announcement. In order to help developers build decentralized applications flexibly and efficiently, Huobi announced the official launch of the ecological chain Huobi ECO Chain (hereinafter referred to as "Heco"). At the same time, the Heco test environment was also launched on December 10. According to reports, the Huobi ecological chain Heco launched this time is a decentralized high-efficiency and energy-saving public chain. It is also the first product launched by the Huobi Open Platform. On the basis of supporting high-performance transactions, it realizes the compatibility of smart contracts. The original digital asset of the Huobi ecological chain Heco is HT, which adopts the HPoS consensus mechanism.

YFI's first quarterly report: more than two-thirds of revenue comes from yUSD Vault

Yearn Finance (YFI) publishes its first unofficial quarterly report. According to the report, the Yearn Finance protocol had a net income of $3.79 million in the quarter, most of which came from the yVault product (smart pool). Among them, yUSD Vault accounted for 68% of the total revenue and is the largest source of revenue for the project.

Huobi announced the official launch of the ecological chain Heco, adopting the HPoS consensus mechanism

digital currency

Fidelity Digital Assets Partners with BlockFi to Escrow Bitcoin Collateralized by Institutional Clients on Loans

Fidelity Digital Assets launches collateral proxy feature. Fidelity Digital Assets has partnered with crypto asset lending platform BlockFi to allow its institutional clients to use Bitcoin as collateral for cash loans. According to Fidelity’s official press release, institutional clients will have the option to have these bitcoins escrowed by the Fidelity platform when they mortgage bitcoins on BlockFi to obtain cash loans. (Bloomberg)

JPMorgan completes real-time intraday repurchase transaction based on blockchain, and the cash part is settled with JPM Coin

JP Morgan announced that it has completed a blockchain-based real-time intraday repo transaction. The transaction was successfully carried out between its broker-dealers and banking entities using a blockchain application developed in-house by JPMorgan. According to officials, the use of blockchain will enable borrowers and lenders to execute short-term intraday repo transactions with real-time synchronized transaction settlement, thereby creating a new way to obtain intraday liquidity. Both the mortgage and cash parts of the repo transaction are settled using the blockchain, and the cash part is settled using JPM Coin. (Yahoo)

Paxos is applying for a U.S. federal banking license
Paxos is in the process of applying for a U.S. federal banking charter, according to a public filing dated Dec. 8 released Wednesday. Paxos has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to create the Paxos National Trust. The document shows that the bank will operate in New York (where Paxos is located) and will assist the company in providing cash custody, cryptocurrency services, digital asset issuance and other services.

Early this morning, Bitcoin payment company BitPay has submitted an application to the OCC to create the BitPay National Trust Bank. (CoinDesk)

Aave tweeted about the new governance scheme. In the V2 version, proposal rights and voting rights will be separated, because the Aave team believes that the ability to evaluate proposals and the skills required to formulate smart contract proposals are different. This means that AAVE holders can hand over proposal creation rights to another entity while maintaining their voting rights. For example, non-technical AAVE holders can delegate proposal rights to technical people, but still retain their own voting rights. In addition, in the V2 version, AAVE tokens and stkAAVE holders have voting rights, but they can be upgraded through proposals to include other forms (aAAVE, etc.).

Synthetix completed the first Spartan Council election and elected 7 council members

Synthetix, a synthetic asset issuance platform, announced the completion of the election of the first authorized governance committee "Spartan Council", consisting of seven council members who will be responsible for the proposed changes to the Synthetix protocol, which will initially only be available on gov.synthetix.io SCCP (Partially Configurable Changes to the Protocol) votes, and in the future it will be possible to vote on SIP proposals. The next election period is January 1-8, 2021.

The Algorand Foundation released a new token model, extending the release time of ALGO to 2030

aelf mainnet is officially launched, and will follow the new version of the mainnet launch roadmap

On December 10, 2020, the aelf mainnet was officially launched. It is reported that aelf aims to become a scalable high-performance decentralized cloud computing platform. After the mainnet is launched, aelf will follow the new version of the mainnet launch roadmap and complete the work related to the mainnet launch in stages. At the same time, the aelf technical team will continue to improve the functions of the mainnet and focus on building a DApp ecosystem.

Bitcoin privacy technology developer Chris Belcher announced that Bitcoin privacy technology CoinSwap has completed the first token transaction test on the test network. (CoinDesk)

Blockchain industry

The checkout counters of Suzhou digital RMB pilot merchants are equipped with a "touch and touch" induction area, which is equipped with a "chip"

It is less than 25 hours before the Suzhou version of the digital RMB red envelope takes effect. The reporter visited Wuyue Plaza, Xiangcheng District, Suzhou, one of the pilot malls, and found that although the draw results of the digital RMB red envelopes have not yet been announced, the mall has already started promoting early and preparing for the pilot tomorrow night. There is a "touch one touch" induction area on the small stand placed by the merchant at the cash register. This is the area where the "touch one touch" function of the digital renminbi is realized. It is equipped with a "chip". Support touch. The store manager of a merchant said that the offline payment has not yet been completed, and the scene will not be able to (realize) until after Double Twelve. (The Paper)

European Commission Is Soliciting Tenders for Blockchain PCP

The European Commission is calling for tenders for the EU blockchain pre-commercial procurement (or PCP). The PCP will focus on the development of new blockchain solutions based on EU legal frameworks, such as the General Data Protection Regulation, the Electronic Identification, Authentication and Trust Services Regulation, and the Network Information Systems Directive. The process will award R&D contracts to service providers who can offer the best value for money, after which these providers will develop the solution in stages, reducing the number of contractors entering each subsequent stage. (Cointelegraph)

secondary title

Investment and Financing

Bitso Raises $62M Funding Led by QED Investors and Kaszek Ventures

Latin American cryptocurrency exchange Bitso received $62 million in Series B financing, led by QED Investors and Kaszek Ventures, with Coinbase Ventures and Pantera Capital participating in this round of financing. QED Investors co-founder Nigel Morris and Kaszek Ventures co-founder Nicolas Szekasy will also join the Bitso board.
In addition, according to The Block, Bitso CEO Daniel Vogel said that the new round of capital injection will allow the company to expand its business in Brazil. (CoinDesk)

In addition, according to The Block, Bitso CEO Daniel Vogel said that the new round of capital injection will allow the company to expand its business in Brazil. (CoinDesk)

EUREKA, together with Enterprise Singapore and Innovate UK, has provided £440,000 in funding to SpaceChain UK Limited (SpaceChain), alliance partners Addvalue Innovation Pte Ltd (“Addvalue”) and Alba Orbital , and access to R&D facilities and resources. The funded companies will jointly develop a decentralized satellite infrastructure (DSI) to power the blockchain core payload, enabling satellites to directly execute missions in real time. (Prnewswire)

SpaceChain and others receive £440,000 in funding to collaborate on the development of decentralized satellite infrastructure

global policy

French Ministry of Finance Publishes KYC Requirements for Crypto Firms
The French Ministry of Finance on Wednesday published sweeping KYC requirements for all cryptocurrency companies operating and providing services in the country. French Finance Minister Bruno Le Maire said that all virtual asset service providers must immediately begin checking the identity of their customers, verifying “beneficial owners” and banning anonymous crypto accounts. He called the move a necessary step in France's fight against terrorism. Additionally, the Treasury said it was also preparing “new regulations” to fast-track “digital identification solutions” for crypto transactions.

As reported yesterday, sources said France will impose mandatory KYC rules on all crypto transactions. (CoinDesk)

U.S. Lawmakers Ask Treasury Secretary to Reconsider Crypto Wallet Regulations

Four U.S. lawmakers have asked Treasury Secretary Steven Mnuchin to reconsider rumored crypto wallet regulations. Reps. Warren Davidson (R-Ohio), Tom Emmer (R-Minnesota), Ted Budd (R-North Carolina) and Scott Perry (R-Pennsylvania) sent Mnuchin a letter on Wednesday addressing the rumored self-custodial wallet rules. Expressing "concern," Mnuchin apparently intends to implement the rule in the coming weeks. (CoinDesk)

U.S. lawmakers ask SEC to clarify brokerage rules for crypto firms

Nine U.S. lawmakers have asked the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets. In a joint letter sent Wednesday to SEC Chairman Jay Clayton, a bipartisan group of representatives said they encouraged the SEC to develop requirements that would enable cryptocurrency companies to custody digital securities, thereby allowing FINRA to approve broker-dealer applications. Lawmakers specifically asked the SEC to take three actions: confirm that banks can provide custody services for digital securities, create crypto custody service requirements that FINRA can use to evaluate broker-dealer applications, and inform FINRA to approve broker-dealer applications in the crypto industry. (CoinDesk)

South Korean exchanges to scrutinize crypto-related stocks

South Korean stock exchange operator Korea Exchange (KRX) is set to tighten regulations on crypto-related stocks. The previous weeks have seen volatility in the stock prices of publicly traded companies with ties to the crypto industry. Although South Korea does not yet have a single crypto exchange listed, many companies with cryptocurrencies are already listed on the Korean stock exchange. Between Nov. 30 and Dec. 4, when KRX began scrutinizing crypto equities-related companies, at least six crypto-related companies came under scrutiny by regulators, who have the power to sanction, fine, or even delist offenders . (CryptoNews)

The full text of the "Suggestions of the Shanghai Municipal Committee of the Communist Party of China on Formulating the 14th Five-Year Plan for Shanghai's National Economic and Social Development and the Long-term Goals for 2035" was released, proposing to vigorously develop direct financing and strengthen the main platform for the capital market to serve domestic and foreign enterprises effect. Promote the first trial of RMB internationalization, actively strive for the pilot application of digital currency, accelerate the construction of Shanghai Fintech Center, build a digital financial infrastructure that connects the world, and improve the ability to prevent financial risks. (released in Shanghai)