headlines

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headlines

Tesla suspends Bitcoin payments, considering less energy-intensive cryptocurrencies

According to OKLink data, at 17:00 yesterday, the Bitcoin network ushered in a difficulty adjustment at block height 683424. This time the difficulty was raised to 25.05 T, an increase of 21.53%, the highest since July 2014 increase.

digital currency

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digital currency

Tether disclosed the details of reserves for the first time: cash and cash equivalents accounted for nearly 76%, and other investments such as Bitcoin accounted for only 1.64%

Tether, the issuer of the stablecoin USDT, has disclosed a breakdown of its reserves for the first time since its launch in 2014. As of March 31, 2021, Tether held reserves comprising nearly 76% of cash and cash equivalents and other short-term deposits and commercial paper. The rest are secured loans, bonds and other investments, including digital currencies such as Bitcoin (Bitcoin only). Specifically, commercial paper made up the bulk of its cash and cash equivalents, accounting for a 65% share. Trust deposits accounted for 24%, reverse repurchase bills accounted for 3.60%, treasury bills accounted for about 3%, and actual cash accounted for only 3.87%. (The Block)

MicroStrategy bought 271 bitcoins for $15 million and currently holds 91,850 BTC

Michael Saylor, CEO of MicroStrategy, an American listed company, announced on Twitter that the company once again purchased 271 bitcoins for $15 million at a unit price of $55,387. As of May 13, MicroStrategy purchased about 91,850 bitcoins for about $2.241 billion, with an average price per bitcoin of about $24,403.

Grayscale: Form 10 documents have been submitted to the US SEC for the Grayscale Digital Large-Cap Fund

Grayscale tweeted that it has submitted a Form 10 document to the US SEC for the Grayscale Digital Large-Cap Fund (GDLC). If approved, GDLC will become Grayscale's third US-based fund after GBTC and ETHE. SEC reporting company's digital currency investment vehicle.

Investment Bank Cowen to Offer Crypto Custody to Hedge Funds, Asset Managers

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Blockchain industry

Diem abandons Swiss license application, shifts main business to US

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Investment and Financing

Layer 2 anonymous trading protocol ZKCHAOS raises $1.5 million led by NGC and Spark Digital Capital

Layer 2 anonymous trading protocol ZKCHAOS raises $1.5 million led by NGC and Spark Digital Capital

dTrade Completes $6.4 Million Seed Funding Round, Co-Leaded by Three Arrows Capital and DeFiance Capital

dTrade Completes $6.4 Million Seed Funding Round, Co-Leaded by Three Arrows Capital and DeFiance Capital

NFT game developer Animoca Brands completed over $88.88 million in financing, with a valuation of $1 billion

NFT game developer Animoca Brands completed over $88.88 million in financing, with a valuation of $1 billion

NFT ecosystem Cryptomeda raises $2.7 million led by AU21 Capital, x21 and Metrix Capital

NFT ecosystem Cryptomeda raises $2.7 million led by AU21 Capital, x21 and Metrix Capital

DeFi platform Spherium Finance raised US$3.3 million, LD Capital and others participated in the investment

DeFi platform Spherium Finance raised US$3.3 million, LD Capital and others participated in the investment

Decentralized recommendation network Attrace raises $2.5 million led by Deribit founder

Attrace, a decentralized recommendation network, received $2.5 million in seed round financing, led by several founders of Deribit, followed by Coinstone Capital and others. This round of financing is used for the expansion of the technical team. The company previously received $1.2 million in seed funding in 2018, bringing its total funding to date to $3.7 million. (The Block)

global policy

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South Korea's central bank is seeking powers to monitor cryptocurrency transactions

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A recent filing by the Bank of Korea (BOK) to lawmakers reveals that the bank is seeking the power to monitor cryptocurrency transactions made through users’ real-name bank accounts. “We plan to use our legal powers to require financial institutions to submit documents to monitor the volume of cryptocurrency transactions through bank accounts,” the document stated. According to Article 87 of the Bank of Korea Act: “When the Monetary Policy Committee deems it necessary When implementing its monetary and credit policies," the Bank of Korea can request materials from other institutions. And the bank apparently believes that the illicit flow of cryptocurrency funds could affect its monetary policy. (The Korea Herald)

Character·Voice

Softbank CEO Masayoshi Son: No investment in cryptocurrencies

Softbank CEO Masayoshi Son said that he has not invested in cryptocurrencies and has no opinion on cryptocurrencies, good or bad. Earlier news, Sun Zhengyi said that the advantages of Bitcoin have been discussed internally, and he understands that Bitcoin has become an asset that cannot be ignored. But I don't know the true value of Bitcoin, and I don't know if it is a bubble. (Golden Ten)

Legendary investor Grantham: Investing in Dogecoin will eventually lose everything. I made the same mistake when I was young

Jeremy Grantham, who has successfully predicted the past two market crashes, said that he believes that Dogecoin investors will eventually lose everything, but cannot change their crazy behavior and attitude. Investing in bubble assets is not a matter of intellect but of psychology, “There is nothing more irritating than watching your neighbor get rich, which can be a powerful driver of irrational exuberance. Sympathy. I know nothing can change their attitude. I feel sorry for them because I believe they cannot afford to lose everything.” (Kim Ten)