| The Federal Reserve will contact the public on the digital dollar this year, and Chengdu will distribute 40 million digital RMB consumption red envelopes

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2021-02-25 00:01

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The Digital Currency Research Institute of the People's Bank of China joined the multilateral central bank digital currency bridge research project.

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The Digital Currency Research Institute of the People's Bank of China joined the multilateral central bank digital currency bridge research project.

headlines

Powell: Fed will engage with public on digital dollar this year

Federal Reserve Chairman Jerome Powell said this year will be the year the Fed engages with the public on a digital dollar. The Fed will focus on "challenging" policy and technical issues surrounding the digital dollar. A digital dollar will likely require legislative authorization. We need to be careful about the design of digital dollars so as not to disrupt market function.

The Digital Currency Research Institute of the People's Bank of China joins the multilateral central bank digital currency bridge research project

The Hong Kong Monetary Authority, the Central Bank of Thailand, the Central Bank of the United Arab Emirates and the Digital Currency Research Institute of the People's Bank of China announced the joint launch of the multilateral central bank digital currency bridge research project (m-CBDC Bridge), which aims to explore the use of central bank digital currency in cross-border payments. Applications. The project is supported by the BIS Hong Kong Innovation Centre.

Chengdu will distribute 40 million digital RMB consumer red envelopes

The Chengdu "Digital RMB Red Envelopes to Welcome the New Year" event will officially start on February 24, 2021. In this event, a total of 40 million yuan of digital RMB consumption red envelopes will be issued to individuals in Chengdu. The number of red envelopes is about 200,000.

Crypto data provider Glassnode reported on Tuesday that the Purpose Bitcoin ETF has reached $564 million in assets under management.

digital currency

CoinShares Plans to List Ethereum ETP on Swiss Stock Exchange

Digital asset investment firm CoinShares plans to launch a physical-backed ethereum exchange-traded product (ETP).

Bitcoin ABC version 0.22.14 released

News Bitcoin ABC officially announced that it has launched Bitcoin ABC version 0.22.14, which adds support for Tor v3 addresses and other addresses defined in BIP155.

BCH may launch the side chain project Moeing Chain at the end of May

According to information from BCH community member Cindy, Wu Jihan currently supports a BCH sidechain project called Moeing. If this project can be completed, BCH will become a Bitcoin network with smart contract functions and support DeFi. The Weibo information released by BCH enthusiast Bruce Lee shows that Moeing Chain may be launched at the end of May.

New York District Court Dismisses Lawsuit Against Bancor's Unregistered Securities Offering

A New York district court judge has dismissed a lawsuit against decentralized exchange protocol Bancor (BNT).

Filecoin update proposal FIP0013, add batch submission ProveCommitSector to reduce congestion

Filecoin has officially released an update proposal on Github, adding a batch submission ProveCommitSector method to reduce on-chain congestion. This proposal reduces the total cost of submitting new sectors to the Filecoin network, generally reduces the cost of miners, and reduces the burden on chain transaction bandwidth. The proposal is still in the draft stage, and the specific launch time is to be determined.

The virtual currency market detonates the mining market, and the most popular graphics card Huaqiangbei offers 14,000 yuan

The virtual currency triggered a hot market, and the "mine" motor restarted. This wave of market actually drove the high-end game graphics card market, and "fried graphics cards" became popular in Huaqiangbei, Shenzhen. After on-site visits to SEG Plaza and Xinhuaqiang in Shenzhen, the latest asking price of an Nvidia RTX 3080 this week is 14,000 yuan, which is 8,500 yuan more expensive than the official guide price.

Data: Encrypted whales have dumped 140,000 bitcoins since the beginning of this month

According to a new report by Glassnode, an encryption market data aggregator, bitcoin giant whale users (Glassnode defines addresses holding 1,000 to 10,000 BTC as "giant whales") dumped a large amount of bitcoin in February, about 140,000. Equivalent to $6.72 billion.

News Block.one tweeted that EOS has reached a consensus, the new resource model has been activated on the main network, and the PowerUp model is running, improving resource allocation.

Matter Labs questioned ZKSwap's cloning of zkSync code, worrying about the security of its users' funds

On February 23, Matter Labs, the development team of Ethereum's second-tier expansion solution, tweeted to question ZKSwap, an AMM decentralized exchange based on ZK Rollup expansion technology, and cloned the zkSync code, worrying about the security of its users' funds. ZKSwap responded to Matter Labs' question: user funds are safe, and smart contracts and circuit codes will be open source.

Mask Network is about to launch Layer2

Web3 privacy application Mask Network tweeted that Layer 2 will be launched soon.

CCID released the 22nd Global Public Chain Technology Evaluation Index, and IOST's basic technology ranked first

Recently, the China Electronics Information Industry Development Research Institute (CCID Research Institute) released the 22nd CCID Global Public Chain Technology Evaluation Index, comprehensively considering and ranking 37 well-known public chains in the world from the technical dimension. The evaluation results show that the top five on this list are EOS, Ethereum, TRON, IOST and NEO.

Brave Releases BAT Roadmap 2.0: Exploring the Establishment of DEX Based on Layer 2

The privacy protection browser Brave released the development roadmap 2.0 on February 22, and the plan covers 18 months.

The blockchain storage protocol Arweave will undergo a new competitive consensus SPoR upgrade on February 25

The blockchain storage protocol Arweave (AR) will undergo a "Succinct Proof of Random Access" (SPoR) upgrade on February 25.

secondary title

Blockchain industry

Canadian Fund Manager Evolve Funds Group Has Reduced Bitcoin ETF Fees

Canadian fund manager Evolve Funds Group said it has reduced the management fee for a Bitcoin ETF, effective immediately.

MicroStrategy once again purchased $1.026 billion in BTC, with an average price of $52,765 per coin

MicroStrategy announced that it has purchased about 19,452 bitcoins again, worth $1.026 billion, and the cost of a single purchase is about $52,765. As of February 24, 2021, MicroStrategy has acquired 90,531 bitcoins at a price of US$2.171 billion, with an average single price of US$23,985.

Swiss Private Bank Bordier & Cie Launches Crypto Trading

Swiss private bank Bordier & Cie has announced the launch of cryptocurrency trading for its clients. From here, its clients will be able to buy, hold and trade digital assets such as Bitcoin, Ethereum, Bitcoin Cash and Tezos.

Listed mining company Argo starts trading on OTCQX Best Market in the United States

Argo Blockchain PLC (LON:ARB) (OTCQX:ARBKF), a British listed company, said that its stock will start trading on the OTCQX Best Market in the United States today after being upgraded from the OTCQB Venture Market.

Square's Cash App Had $1.76 Billion in Bitcoin Sales in Q4

Mobile payment company Square said that in the fourth quarter of 2020, Square sold $1.76 billion in bitcoin to customers through its Cash App, with a gross profit of $41 million for the quarter. For the full year 2020, sales were $4.57 billion, and full-year gross profit was $97 million.

Investment and Financing

Swiss DeFi Prime Brokerage Oxygen Receives $40 Million Investment Led by Alameda Research

Oxygen, a Swiss DeFi prime brokerage company, received $40 million in investment, led by Alameda Research, and participated by MultiCoin Capital, Genesis Capital and CMS Holdings. Oxygen is a Solana-based lending platform.

Cryptocurrency Derivatives Platform Alpha5 Completes New Round of Funding Led by Polychain

According to official news, the cryptocurrency derivatives platform Alpha5 has recently completed a new round of financing, with a cumulative financing amount of over 4 million US dollars.

Polkadot’s ecological currency market protocol Konomi and bZx cooperate to promote the development of DeFi ecology

Konomi, the Polkadot ecological currency market protocol, announced a partnership with bZx, a decentralized lending protocol. This partnership will allow all bZx digital assets, including cryptocurrencies in projects built using its product suite, to be used in DeFi applications through Konomi, Konomi Users will be able to participate in margin trading.

BiKi and Hacken reached a strategic cooperation to jointly promote the development of network security

According to official news, BiKi has reached a strategic cooperation with the security organization Hacken to jointly promote the development of network security.

Vortex DeFi cooperates with DeFi Wizard to build ETH-BSC cross-chain bridge

According to official news, Vortex DeFi announced a partnership with DeFi Wizard to build a bridge from Ethereum to Binance Smart Chain.

According to the official announcement of the digital asset derivatives platform BitWell, BitWell announced an in-depth cooperation with Binance Smart Chain BSC.

global policy

The European Central Bank reiterates its stance on creating a digital euro in the next four years: the digital euro is not subject to private stablecoin regulations

The European Central Bank has demanded veto power over the issuance of stablecoins such as Diem in the euro zone, while at the same time, in the ECB's formal opinion on cryptocurrency regulation, the ECB also reiterated its commitment to create a digital euro within the next four years. According to the document, the ECB wants the digital euro to be exempt from private stablecoin legislation laws.

India’s central bank is actively investing in CBDC projects and wants to emulate the digital yuan

The RBI is actively investing and planning to launch a central bank digital currency to replace privately issued cryptocurrencies.

UK Revenue and Customs may include encrypted assets in future tax budgets

According to chartered accountant Hillier Hopkins, HM Revenue and Customs (HMRC) will target crypto investors in its new budget on March 3. He said, "HMRC believes that cryptocurrency is not a currency, but an investment asset, so it is subject to capital gains tax. The substantial growth of Bitcoin in recent weeks will make HMRC have a strong sense of investors choosing to profit from this growth." interest."

US House panel to study cryptocurrencies as part of scrutiny of terror funding sources

A subcommittee of the U.S. House of Representatives Financial Services Committee will discuss how to block avenues associated with domestic terrorism financing, including cryptocurrencies.

HSBC India, HDFC and Citibank Ask Crypto Traders to Provide Trading Information

Clients of private banks in India such as HDFC, HSBC and Citi have been receiving notices this year asking them to clarify crypto-related transactions. The notices usually require them to visit local bank branches in person, and without clarification, accounts risk suspension or seizure.

Federal Reserve Chairman Powell said that there is no need to be the first person to develop a digital currency, but the Boston Fed is cooperating with the Massachusetts Institute of Technology on digital currency research. Digital currencies can help improve financial inclusion, but there are risks, such as possible damage to the banking system.