Chain Market Weekly: The National Blockchain Pioneering Demonstration Zone is expected to land in Wuhan in early April; works of art on the blockchain are auctioned for a sky-high price of 70 million US dollars
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The following is the detailed content of this weekly magazine. We are divided into five major sections: policy-related, industry news, central bank digital currency, investment and financing news, and industry views. Enioy please:
The following is the detailed content of this weekly magazine. We are divided into five major sections: policy-related, industry news, central bank digital currency, investment and financing news, and industry views. Enioy please:
policy related
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policy related
[The National Blockchain Pioneering Demonstration Zone is expected to land in Jianghan District, Wuhan City in early April]
The relevant person in charge of Hubei Post and Telecommunications Planning and Design Co., Ltd. reported in detail to Li Zhan, Deputy Secretary and District Mayor of Jianghan District Committee of Wuhan City, the construction of three major platforms including the National Blockchain Pioneering Demonstration Zone, the Central China Blockchain Technology Integration Innovation Center, and the Data Element Trading Center. schedule. It is reported that the Blockchain Research Institute is actively applying for the construction of a national-level blockchain pilot demonstration zone, which is expected to land in Jianghan District in early April. This demonstration zone will give full play to the role of blockchain in improving the quality and efficiency of the real economy and innovating digital economic models. , social governance capabilities, and other aspects of technical support, forming a nationally influential blockchain technology innovation, industrial agglomeration, and demonstration application base. Li Zhan said that Jianghan District should be led by blockchain and other industries to develop innovative blocks, and the District Science and Economics Bureau will continue to increase project docking efforts to serve enterprises.
[Guangzhou blockchain application included in typical innovative measures to optimize the business environment]
The reporter learned from the Guangzhou Public Resources Trading Center that the General Office of the State Council recently released "Part of the Innovative Measures Found in the Third-Party Evaluation of the Implementation of the Regulations on Optimizing the Business Environment" on the China Government Network, announcing 15 innovative measures for each region to learn from each other learn from. Among them, public resource trading centers in Guangzhou and other places initiated the construction of a public resource trading blockchain platform, and the innovative approach of using blockchain technology to improve bidding efficiency ranked first.
[14 colleges and universities newly added blockchain-related majors]
According to Sichuan Online, on March 12, the second blockchain innovation and industry development summit with the theme of "innovation-driven, industry-led" was held in Chengdu. In his speech, Zhu Jiade, Secretary of the Party Group and Director of the Provincial Department of Economy and Information Technology, revealed that in recent years, Sichuan has increased the development of the blockchain industry, and the rapid growth of blockchain enterprises in the province has reached 1,013 related enterprises. An, Sichuan CA, Chengdu Lianan, Xunyu Technology and a large number of blockchain technology companies. In terms of blockchain infrastructure construction, in 2020 Sichuan has launched the construction of the provincial blockchain service infrastructure - Shuxin Chain. As of December 2020, Shuxin Chain has awarded 10 city nodes and 6 industry nodes, and more than 30 application cooperation institutions have participated in ecological construction.
industry news
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industry news
[Meitu has purchased approximately USD 40 million in BTC and ETH, and the company plans to purchase cryptocurrencies not exceeding USD 100 million]
Meitu Inc. (01357.HK) announced that the group purchased 15,000 units of Ethereum and 379.1214267 units of Bitcoin (“BTC”) in open market transactions on March 5, 2021. The considerations are approximately US$22.1 million and US$17.9 million, respectively.
These purchases were made pursuant to a cryptocurrency investment plan previously approved by the Board of Directors, whereby the Group may purchase cryptocurrencies up to a net purchase amount of US$100 million, funded from the Company’s existing cash reserves (but not for the first time as disclosed by the Company) remaining proceeds from the issue).
[NFT auction of Twitter CEO's first tweet currently has a maximum bid of $2.5 million]
Currently, Twitter CEO Jack Dorsey's first tweet was minted into nft through Valuables, and the highest bid in the auction process reached $2.5 million. The bidder was Sina Estavi, CEO of the oracle system Bridge Oracle. Sun Yuchen had previously bid $2 million.
Jack Dorsey recently wrote his first tweet on Twitter, which is also the first tweet in the history of all Twitter platforms, at 9:50 p.m. (just set up my twttr)" made nft through the Valuables tool.
[JPMorgan Chase recently released 34 blockchain job recruitment information]
According to CoinDesk, JPMorgan Chase (JPMorgan) has posted 34 open blockchain jobs on its website. Most of the vacancies posted this month and last were in the US, India and Singapore. Many jobs are directly related to Onyx. The unit was formed last October to oversee the bank's wholesale payments token, JPM Coin. Many of the blockchain engineer positions will work on integrating JPM Coin and Liink (formerly known as the blockchain-based interbank information network, which now includes more than 400 other banks) into JPMorgan's payments architecture.
[Banksy's work that was burned and turned into an NFT was sold for $380,000 worth of ETH]
Banksy's painting, which was previously burned and converted into an NFT, just sold for 228.69 ETH ($382,000). According to previous news, the blockchain company Injective Protocol purchased the painting of the British painter and famous street graffiti artist Banksy for US$95,000, burned it in the live broadcast, and then digitized it into NFT.
【JPMorgan Chase Sends Report to Its Private Banking Clients on Encryption Primer and Bitcoin Valuation Methodology】
According to Coindesk, JPMorgan Chase has sent a cryptocurrency primer report to its private banking clients to educate them on the risks and opportunities of investing in crypto technology, and the minimum deposit balance of these related accounts is $10 million. The report also analyzes Bitcoin’s valuation methodology and applies three different metrics, namely the number of users, the value of gold, and the global money supply. Specifically, if a version of Metcalfe's Law is applied (the value of Bitcoin is proportional to the square of the number of users), then Bitcoin's valuation will be $21,667; if the current value of gold is applied to 21 million Bitcoins Bitcoin's maximum supply, then its value would be $540,814; if global currency values were applied to Bitcoin's maximum supply, Bitcoin would be valued at $1.9 million.
[British "Financial Times": European market has strong demand for cryptocurrency ETF]
On March 8, the British "Financial Times" published an article stating that Europe is currently in high demand for ETF products, and with the surge in Bitcoin fund assets, people's desire for cryptocurrencies is also strong. Cryptocurrency exchange-traded funds (ETFs) are the most sought-after ETFs by European financial advisors and institutional investors. The data shows that European investors' demand for ETF strategies ranks second in cryptocurrency funds, while counterparts such as the United States are also eager to use cryptocurrency funds. In addition, according to data provider TrackInsight, in February this year, the inflow of funds into Bitcoin ETFs reached a record high of 221 million U.S. dollars, with assets reaching 4.5 billion U.S. dollars.
[Germany's Donner & Reuschel Bank will provide encrypted custody services]
Germany's Donner & Reuschel Bank will offer its clients cryptocurrency purchase and custody services, according to CoinDesk. Due to the strong demand from users in the digital asset custody market, the bank decided to launch the product as soon as possible. DLC Distributed Ledger Consulting GmbH has become an advisory partner for the bank's new direction.
[500.com will change the name of its Chinese business to "Bit Mining"]
According to AICoin news, 500 lottery.com’s U.S. stocks rose more than 2% before the market. The company will change the name of its Chinese business to “Bit Mining”.
[American fast food chain Taco Bell sells Taco-themed NFT]
American fast-food chain Taco Bell just sold its first Taco-themed digital collectibles on NFT marketplace Rarible, and they sold out quickly. It is reported that Taco Bell created five different NFTs and sold them in five batches. These collectibles are sold for 0.001 ETH ($1.79). (Decrypt)
["On-chain tide" emerges in rural areas, and AntChain's agricultural-related business increases 12 times a year]
Recently, a reporter from Babbitt learned from Ant Group that the agricultural business volume of AntChain has increased by more than 12 times in the past year, among which the traceability of agricultural products has increased by nearly 7 times year-on-year, and the data on the chain has increased significantly. This shows that more and more agricultural digital assets are beginning to circulate on the blockchain. Zou Liang, vice president of Ant Group’s Intelligent Technology Business Group, said that agricultural entities have been on the chain one after another. On the one hand, it shows that the value of blockchain in the industry is becoming more and more prominent. The local business developed rapidly.
[Data: 27 listed companies hold more than 170,000 bitcoins]
According to data from OKLink, on March 8, the Norwegian holding company Aker (AKER.OL) announced the establishment of Seetee AS and invested approximately US$58.6 million to purchase 1,170 bitcoins at a unit price of US$50,085.
As of March 9, 27 listed companies held a total of 175,162.94 bitcoins, with a market value of nearly US$9.4 billion, and an average purchase price of US$25,100.84 per bitcoin.
[Didi discloses a patent for "method and system for arbitrating data authenticity in blockchain"]
According to Tianyancha, on March 9, Beijing Didi Infinite Technology Development Co., Ltd., an affiliated company of Didi, disclosed a patent "Method and System for Arbitrating Data Authenticity in Blockchain", the publication number is CN111201751B, and the application date is for September 26, 2018. Among them, the patent abstract shows a method and network node for arbitrating the authenticity of data in the blockchain. The method includes: receiving a request for arbitrating data authenticity through an arbitration network node, wherein the arbitration network node is one of a plurality of network nodes in the block chain; The contained information processes the arbitration event, generates the arbitration result of the arbitration network node, and provides the arbitration result to the blockchain or the like.
[Hangzhou: will promote the pilot construction of West Lake Longjing Tea "Internet of Things + Blockchain" project]
On March 9, Hangzhou held a press conference on brand protection of West Lake Longjing Tea. Hangzhou will promote the implementation of the second phase of the West Lake Longjing tea digital management system project, add platform functions, and provide tea farmers and tea enterprises with more convenient and smarter services; promote the pilot construction of the "Internet of Things + Blockchain" project to create a better West Lake Longjing tea products; promote the transfer and concentration of retail tea gardens to high-quality enterprises, and continuously improve the level of large-scale operation.
[Swiss two retail giants sell BTC gift cards]
Citing Swiss newspaper Tages-Anzeiger, Cointelegraph reported that Manor, the country's largest department store chain, is already selling bitcoin vouchers in 59 of its branches. Meanwhile, another retail giant, Valora, will start selling BTC gift cards at kiosks across the country starting April 1.
[The ninth city will add 10,252 new bitcoin mining machines, and the total computing power will increase by about 192PH/S]
On March 9, the Internet company Ninth City (hereinafter referred to as "Ninetowns", Nasdaq: NCTY) announced that it has signed a legally effective memorandum of understanding (MOU) with three mining machine owners. Buy digital currency mining machines from them in the form of shares, including AvalonMiner, AntMiner and WhatsMiner. After the transaction is completed, The9 will add 10,252 Bitcoin mining machines, and the total computing power will increase by about 192PH/S. According to the agreement in the memorandum, Ninetowns will issue a total of approximately 5,883,750 Class A common shares of Ninetowns (equivalent to 196,125 American depositary shares ADS) to the three mining machine owners. for 6 months. The number of Class A common shares to be issued is subject to certain price adjustment mechanisms and will be evaluated 6 months after the definitive agreement is signed. Ninetowns will appoint an independent third-party evaluation company to review and evaluate the fair market price of Bitcoin mining machines to determine the final number of shares issued.
[American rock band Kings of Leon's new album NFT auction sales reached 766.4 ETH]
According to Cryptobriefing, the American rock band Kings of Leon and the encryption startup Yellowheart recently collaborated to launch the "NFT Yourself" series to celebrate the release of their new album "When You See Yourself". It is reported that Kings of Leon is the first band to release an album in the form of NFT. The NFT auction sales on the NFT trading platform Opensea from last Friday to this Monday was 766.4 ETH, which is about $1.4 million at today's prices. The most expensive NFT in the series so far is “Golden Ticket: Bandit #2 Wave” at 89 ETH.
[Swiss private bank NPB launches digital asset transaction custody service]
According to CoinDesk, Zurich-based private bank Neue Privat Bank AG (NPB) has partnered with InCore Bank AG to provide customers with custody services for digital asset transactions.
【Zhongjiabo plans to purchase more than 1 billion yuan of equipment from MicroBT in the next two years】
According to Jiemian News on March 9, Zhongjia Bochuang (000889.SZ) and Bitcoin miner manufacturer MicroBT signed a strategic cooperation agreement. The two parties will jointly cooperate in innovation and entrepreneurship, industrial aggregation, strategic investment, and capital operation. In the future, under the same conditions, MicroBT will fully guarantee the equipment supply of Zhongjia Bochuang, and Zhongjia Bochuang will give priority to purchasing computing power servers of MicroBT. The two parties discussed the preliminary plan to sell equipment to Zhongjia Bochuang every year. The next two years plan to purchase about 1 billion yuan. The scale of cooperation in the first year will not be less than 20,000 units. The first batch of deliveries will be completed in May 2021 , the scale of the first batch of not less than 2000 units.
[American residential warranty company adds support for cryptocurrency payments and decides to include BTC on its balance sheet]
The American Residential Warranty (ARW) company has added support for cryptocurrency payments. ARW CEO Richard Kaufman said, "Very excited to join Digital Ventures, our crypto payment functionality will be compatible with crypto payment gateways and applications such as BitPay or CoinPayments."
[Beeple's NFT auction at Christie's received a bid of US$9.75 million]
The auction of encrypted artist Beeple's NFT works at Christie's auction house is coming to an end. Some buyers have paid a high price of US$9.75 million for his 13-year-old work "EVERYDAYS: The FIRST 5000 DAYS". Earlier news in February, the British auction house Christie's announced that it will conduct an auction of works by digital artist Beeple from February 25th to March 11th.
[Foreign media: venture capital firm a16z is investing in the top NFT market]
According to news from The Block on March 11, venture capital firm a16z is increasing its investment in the cryptocurrency field. NFT marketplace OpenSea and trade tech firm Talos are both raising funds, and a16z participated in both fundraisers.
[Bitmain Taiwan poached TSMC and asked it to sign without infringement]
Taiwan's inspection and investigation department announced the investigation on the 9th. Bitmain established two companies in Taiwan, "Zhiji" and "Xindao" through subsidiaries without permission in 2017, and offered more than twice the high salary. "Poaching" more than 200 local engineers, these personnel come from MediaTek, ASE, TSMC and other semiconductor manufacturers in Taiwan. In addition, Bitmain is preparing to mass-produce 5nm products at TSMC. TSMC requires it to sign a special statement that does not interfere with business secrets and intellectual property rights, otherwise it will not be put into production.
[NFT is out of the circle! "Burn the original painting and sell the electronic version at 4 times the price" is on the Weibo hot search list]
On March 11, "Burn the original painting and sell the electronic version at 4 times the price" was on the Sina Weibo hot search list, and now ranks fourth. It is reported that a group of art lovers burned the work "Fool" by world-renowned street artist Banksy, and then auctioned off the ownership of the electronic version of the painting. Since the electronic version has a unique identification after being processed by blockchain technology, owning the non-fungible code (NFT) is equivalent to owning its ownership. In the end, the NFT was sold at a high price of approximately RMB 2.47 million. The group of enthusiasts live-streamed the burning painting on social media, and they also said that burning painting "is an artistic expression in itself."
[A property in St. Louis, USA will be auctioned on the NFT platform Mintable, and the current price is 42.43 ETH]
According to Cointelegraph, a non-functional property at 5828 Wise Avenue in St. Louis, USA will be auctioned on the NFT trading platform Mintable. Bidders will receive a 50% interest in the home. As of press time, the price of the house mark is 42.43 ETH (worth about $76,000).
[Luxury hotel group Kessler Collection accepts cryptocurrency payments]
According to BeInCrypto, the American luxury hotel group Kessler Collection announced that it will cooperate with BitPay and will accept cryptocurrency payments. Currently, it will accept Bitcoin, Ethereum and Dogecoin for payment, and in the future it will also accept four stablecoins for payment.
[Carrefour (Brazil) uses blockchain technology to trace the origin of citrus fruits]
Carrefour (Brazil) uses blockchain technology to track citrus fruits under the Sabor & Qualidade trademark. The QR code on the packaging will give consumers accurate, immutable and transparent information about the production and transportation of the fruit, including information on the origin of the product, harvest, date of collection, handling at the packing plant and arrival on the shelf.
[Encryption artist Beeple's NFT work was sold at Christie's auction price of US$69.34 million]
On March 11, the NFT work "Everydays: The First 5000 Days" by the famous encrypted artist Beeple was sold at Christie's for $69,346,250.
[American actor Terry Crews launches cryptocurrency]
Altshuler Shaham, one of Israel’s largest asset managers, previously invested $100 million in Grayscale’s Bitcoin Trust (GBTC), according to The Globe of Israel. The investment took place in December 2020, when Bitcoin (BTC) was hovering around $21,000. Gilad Altshuler, the asset manager’s CEO and co-founder, said the firm’s current Bitcoin holdings are worth $150 million at press time.
central bank digital currency
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central bank digital currency
[Shinhan Bank establishes a test platform for the Central Bank of Korea's CBDC]
On March 8, Shinhan Bank announced that it has partnered with LG CNS, an IT and consulting subsidiary of LG, to establish a blockchain-based digital currency trial platform to help the Bank of Korea issue a central bank digital currency (CBDC). A Shinhan Bank executive said, “If the Bank of Korea issues a CBDC, an intermediary will be needed to facilitate its smooth issuance and use. In order for Shinhan Bank to function as an intermediary, we first established a digital currency platform.”
[Report: Bank of France considers Ripple and XRP as platforms for issuing digital euro]
According to U.Today news, the Australian Institute of Accountants (CPA Australia) released a report that the French central bank is considering Ripple and XRP as potential platforms for issuing digital euros. Since Ripple is highly centralized, it is used as a CBDC model by several banks. Additionally, the report called Bitcoin an overly risky way to trade. As for Ethereum, it is decentralized and cannot be controlled by any government. According to the report, the Australian government is considering launching a CBDC project in the Ethereum community.
[Shanghai Changning District signed a contract with Postal Savings Bank Shanghai Branch to promote digital currency pilot]
On March 9, the Changning District Government of Shanghai signed a strategic cooperation agreement with Postal Savings Bank of China Co., Ltd. Shanghai Branch. Taking the signing of this strategic cooperation agreement as a new starting point, the two parties will strengthen cooperation in areas such as the pilot promotion and application of digital renminbi, financial support for industrial development, and the creation of Zhongshan Park Digital Financial City.
[Shanghai's first digital RMB insurance policy landed in Lingang]
According to CoinDesk on March 12, Jamaica plans to launch a central bank digital currency (CBDC) in 2022.
Investment and financing news
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Investment and financing news
[Blockchain development company Blockchain Foundry private placement financing of 10 million Canadian dollars]
According to GlobeNewsWire, North American blockchain development company Blockchain Foundry Inc. announced that it has signed a securities purchase agreement with certain institutional investors to issue 29,792,595 common shares and warrants in a private placement, each common share and related warrants The purchase price of the certificates was C$0.3375, and the total funds raised were approximately C$10 million (approximately US$7,916,200).
[Star endpoint Bertex received over 10 million RMB angel round financing, Bitmain's fund investment]
Recently, Beijing Xingchen Endpoint Technology Co., Ltd. (referred to as Xingchen Endpoint) announced that it has completed an angel round of financing of over 10 million RMB, invested by Sinian Mainland Technology Center, a fund under Bitmain Group. Qichacha App shows that the company was established in October 2020 with a registered capital of 10 million yuan and its legal representative is Ran Jianfeng. Group cooperation, rapid establishment of early customer network, its business scope includes sales of self-developed products; computer system services; basic software services; application software services; software development; software consulting, etc.
[New York Digital Investment Group has completed US$200 million in financing and will carry out Bitcoin-related plans with investment institutions]
According to U.Today news, New York Digital Investment Group (NYDIG) has completed $200 million in financing, and investment institutions include Soros Fund Management, US investment bank Morgan Stanley and insurance giant MassMutual. The NYDIG CEO said that these companies are not just investors, and that NYDIG will work with them on “Bitcoin-related” initiatives involving investment management, insurance, banking, clean energy and philanthropy.
[PayPal may complete the acquisition of Curv in the first half of this year]
According to The Block, PayPal may complete the acquisition of Curv, a cryptocurrency custody company, in the first half of 2021. Details of the transaction were not disclosed. A person familiar with the matter said that the purchase price may be nearly 200 million US dollars. Earlier news, PayPal is acquiring cryptocurrency custody company Curv for $500 million.
[French blockchain company Arianee completes $9.5 million in seed round financing]
According to CoinDesk, French blockchain company Arianee has completed a $9.5 million seed round of financing, with investors including French investment bank Bpifrance and ISAI Fund. Arianee's seed round will help it track software-as-a-service (SaaS) offerings.
[Encrypted art NFT platform BCA completes $2 million in angel round financing, led by Fenbushi Capital and Zonff Partners]
BCA (BlockCreateArt) and its encrypted art NFT trading platform BCAEX received US$2 million in angel round financing, led by Fenbushi Capital and Zonff Partners, followed by Waterdrop Capital and several angel investors. BCA is an encrypted art NFT platform integrating encrypted art creation, trading, investment collection and encrypted cultural education output.
[NFT game Illuvium completes $5 million in seed round financing, led by Framework]
The Digital Renaissance Foundation announced its investment in Deeper Network, a Silicon Valley network security and blockchain start-up project. Deeper Network is a start-up company registered and established in June 2018. Its product Deeper Connect aims to use blockchain technology to realize real Internet freedom, increase network security and provide an all-round solution for an unimpeded Internet experience. The Digital Renaissance Fund Foundation is registered in Estonia and is committed to investing in and incubating various innovative blockchain projects.
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[National People's Congress: Bitcoin is a case where the public welfare of the basic theory of China and the United States has been severely challenged]
According to Fujian Daily, on March 5, the Fujian delegation participating in the Second Session of the Thirteenth National People's Congress held a plenary meeting to review the government work report. Chen Guoying, deputy to the National People's Congress, pointed out in his speech "accelerating 5G technology research and building new strategic advantages in future science and technology" that under the current background of Sino-US relations, the public welfare of basic theories will be severely challenged. In order to achieve the goal of blocking China, future It is estimated that many basic theories will not be shared. This is the first challenge that our future science and technology strategy must face. Bitcoin is a very typical case. After Bitcoin was created, the whole world knew about blockchain technology. When everyone knew about blockchain technology, the public chain technology platform represented by Bitcoin has been firmly controlled by Americans. In the next ten years, in addition to not being able to share basic theories with the United States, we will also face the challenge of upgrading the right wing. This is a very difficult task.
[US SEC Commissioner: If the Bitcoin ETF is not approved, the United States may lose its first-mover advantage]
US Securities and Exchange Commission (SEC) Commissioner and "Crypto Mom" Hester Peirce criticized the SEC's decision not to approve a Bitcoin ETF in a recent interview. Peirce said that if a bitcoin ETF is not approved, the United States may lose the advantage of being a first mover in cryptocurrencies. She also said the SEC's criteria for deciding whether to approve a bitcoin ETF are inconsistent with how other similar assets have been regulated in the past.
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