| World Bank: Unable to help El Salvador implement Bitcoin-related bills; the Federal Reserve currently keeps interest rates and bond purchases unchanged (June 18)

headlines

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headlines

World Bank: Unable to help El Salvador implement Bitcoin-related bills

Federal Reserve Chairman Powell revealed at a press conference on Wednesday that the Fed will keep its benchmark interest rate unchanged at 0%-0.25%, keep its monthly bond purchases at $120 billion, and continue to increase its holdings of at least $80 billion in treasury bonds and At least $40 billion in residential mortgage-backed securities. The Fed will raise rates twice by the end of 2023, according to a dot plot forecast by central bankers. But Powell warned against reading too much into the dot plot, saying the forecasts needed to be "cautious."

digital currency

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digital currency

Bitcoin Lightning Network Client Ind Releases 0.13.0 Beta Update

According to official news, the Bitcoin Lightning Network client Ind released version 0.13.0 Beta update. The specific update content includes that the database starts to support the TLV extension format to add additional data in node transmission, and it is the default anchor commitment channel in version 0.12.0. Set a reserved capital cap of 100,000 sats to prevent the increase of unilateral fees, optimized the P2P channel verification scheme to reduce CPU and memory usage, optimized routing, and launched atomic multi-path payment (AMP), etc. In addition, this version has optimized functions in terms of wallet, client backend, etc. and fixed some bugs in the previous version.

CNN sells 'historic moment' as NFT to launch on Flow

According to official news, the Ethereum client Geth v1.10.4 has been released. This upgrade adds compatibility to the London testnet and enables snapshot synchronization. It was previously reported that the Ethereum mainnet is scheduled to be upgraded in London on July 14, but it is necessary to determine the mainnet client upgrade block after the first testnet is successfully forked.

CNN sells 'historic moment' as NFT to launch on Flow

CNN announced the launch of a collectible NFT of news historical moments, the NFT project is called"Vault by CNN: Moments that Change Us"It is reported that the initial product launch will be launched every week starting in late June and lasting for 6 weeks. CNN teased that the first products to be launched could be about space travel and election results. The series of NFTs will be minted on the Flow blockchain and sold in a combination of public and limited editions.
It is reported that the initial product launch will be launched every week starting in late June and lasting for 6 weeks. CNN teased that the first products to be launched could be about space travel and election results. The series of NFTs will be minted on the Flow blockchain and sold in a combination of public and limited editions.

Blockchain industry

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Blockchain industry

U.S. crypto mining firm Wattum to build crypto mine in Kazakhstan

American cryptocurrency consulting and mining firm Wattum has signed an agreement to acquire a crypto mining farm in Kazakhstan operated by Energix. The two companies will build a mining facility that will provide 16 megawatts of energy for mining machines and have committed to investing $2 million into the joint venture. Wattum and Energix are also in talks for another 50 MW mine at a cost of $8 million.

Market news: Filecoin mining machine supplier Shanghai peer-to-peer suspected of being taken away by the police

Filecoin miner Shanghai Peer-to-Peer was suspected of being taken away by the police. According to Qichacha, Shanghai Peer-to-peer was established in March 2018, and the company has a self-built mine in Hangzhou.
According to official news, the Internet company The Ninth City (Nasdaq: NCTY, referred to as "Ninetowns") announced today that it has signed an agreement with Coinbase Custody, a wholly-owned subsidiary of digital asset custody company Coinbase Global Inc. (Nasdaq: COIN, referred to as "Coinbase") After reaching a cooperation agreement, Coinbase Custody will become the custody company of Ninetowns' digital assets including Bitcoin.

IRON Finance’s governance token TITAN almost fell to zero due to a run on

Ninetowns will deposit part of the digital currency obtained from mining into Coinbase Custody, and the first batch will deposit 200 bitcoins in an independent cold wallet account of Coinbase Custody (this is an institutional-level offline storage security solution) . Ninetowns will increase the digital currency storage of the escrow account from time to time.
IRON Finance maintains the stability of the algorithmic stable currency IRON through the collateral stored within a certain period of time. There are two types of collateral, USDC and TITAN on the Polygon network, and two types of BUSD and STEEL on the Binance Smart Chain. Minting IRON requires the destruction of TITAN and STEEL.

global policy

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global policy

US Republican House Campaign to Accept Cryptocurrency Donations

The National Republican Congressional Committee (NRCC) will begin accepting cryptocurrency donations, becoming the first national party committee to solicit cryptocurrency donations. They will use payment processor BitPay to process donations, but cryptocurrency donations will be converted to U.S. dollars immediately before landing in an NRCC account, meaning the commission will not actually own the donated cryptocurrency.

Bank Indonesia Calls Staff to Enforce Crypto Payments Ban

Bank Indonesia is dispatching supervisors to ensure local financial institutions do not violate a nationwide ban on cryptocurrency payments this bull season. Central Bank Indonesia Governor Perry Warjiyo is mobilizing official regulators to enforce the country’s ban on financial institutions using crypto assets as a means of payment. During a virtual seminar on June 15, Warjiyo reiterated that local financial companies and the payments offered are prohibited from promoting the use of cryptocurrencies to settle payments or as an instrument for other financial services. The central bank governor emphasized that crypto assets “are not legal means of payment under the Constitution, Indonesian Banking Act, and Currency Act,” noting that on-site monitors will be dispatched to ensure compliance with the policy by local financial institutions.

The Australian Financial Regulatory Commission joins hands with six major institutions to form a stablecoin working group

Supreme Law: Clarify the scope of validity of blockchain deposit certificates, improve evidence authenticity review standards

Character·Voice

On June 17, the Supreme People's Court introduced the development of Internet justice in my country, and released the "People's Court Online Litigation Rules" and "People's Court Judicial Reform Case Selection (Eleven)". The "Rules" insist on the premise of safety and reliability, and clarify the validity rules and review rules of "dealing with the original" of electronic materials. It is worth noting that in recent years, the application of blockchain technology for depositing certificates has become increasingly widespread, and disputes involving blockchain certificate deposits have continued to increase, which urgently needs the guidance of judicial documents. The "Rules" responded positively to this. Li Shaoping, vice president of the Supreme Court, stated that the people's court, based on in-depth research on the characteristics of blockchain technology and a comprehensive summary of relevant judicial practice rules, has confirmed the validity of presuming that the data stored in the blockchain has not been tampered with after being uploaded to the chain, and clarified that blockchain The authenticity review standard of the deposit certificate, and the review rules of the data before going to the chain, the system solves the problem of authenticity identification of the blockchain deposit certificate. It not only fully affirms the technical advantages of the blockchain, encourages the use of blockchain technology to solve the problems of "difficult to store certificates" and "difficult to authenticate", but also regulates the development of the blockchain certificate deposit industry in an orderly manner to prevent excessive exaggeration of blockchain certificate deposits. Effectiveness, strict review standards, and scientifically delineate the legal boundaries of blockchain storage.

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Survey report: 17% of Australians own cryptocurrencies, BTC most popular

A new report shows that cryptocurrency ownership in Australia has grown since the start of the year. According to the Finder report, around one in six (17%) Australians own cryptocurrencies. At the beginning of this year, it was 12%. 9% of Australians hold bitcoin, the most popular cryptocurrency, although this is down from 13% in early 2021. A whopping 43 per cent of Australians see volatility as a deterrent to investing, an increase of 14 per cent since January. Nearly a third (32%) of respondents would prefer to buy stocks or put their money away. A quarter of respondents said that crypto assets are overvalued.

Goldman Sachs Group: Bitcoin fails to meet reliable investment standards and is not suitable for retail investors

Goldman Sachs' Investment Strategy Group (ISG) pointed out that Bitcoin and other cryptocurrencies fail to meet the criteria of a sound investment, namely stable cash flow, linked to economic growth, reliable diversification of income, low volatility and effective preservation of value. The recent decline in Bitcoin's market value is enough to prove its extremely uncertain "risk-reward" characteristics. In addition, the security issue of Bitcoin is also worthy of attention. Once the investor's key is stolen, it is usually difficult for retail investors to recover their assets.

MSCI is considering launching a crypto asset index

Henry Fernandez, CEO of MSCI, the global stock index issuer, said that MSCI is considering launching a cryptocurrency asset index. Henry Fernandez said MSCI has been talking to experts with the aim of launching a crypto index. He did not elaborate on which assets any index would focus on, nor did he provide any timeline for their introduction."Lee Jun-seok, leader of South Korea's National Power Party, revealed in a news podcast that he has experience in cryptocurrency trading. It is reported that Lee Jun-seok has made three or four campaign funds by investing in cryptocurrencies, but he pointed out that his transactions are "for fun." When questioned by reporters, Lee Jun-seok stated that his profit was less than $1 million. Furthermore, he does not advise citizens to engage in cryptocurrency transactions, noting that cryptocurrencies are"of.

highly unstable

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Liu Changyong: Bitcoin mining brings income and employment out of poverty

According to CCTV’s English channel CGTN, the founder of Zhimi University, Professor Liu Changyong, Ph.D. in Economics of Peking University, said: “We should not forget that Bitcoin mining has brought huge income, created employment opportunities, and helped the country get rid of poverty. , policymakers, power companies, and bitcoin miners should work together to solve this problem,” he added, “it’s a win-win deal for everyone.”

MicroStrategy CEO: Bitcoin outperforms gold by 50 times as an inflation hedge

MicroStrategy CEO Michael Saylor said in an interview with CNBC that Bitcoin outperforms gold by a factor of 50 as an inflation hedge. Saylor claims that bitcoin has consistently outperformed gold as an inflation hedge, as the price of the flagship cryptocurrency has risen more than 300% in the past 12 months, while gold has only risen 7% over the same period.