| Circle will land on the New York Stock Exchange in the form of SPAC; the Ethereum test network Rinkeby has activated the London upgrade (July 9)

Azuma

Odaily资深作者

@azuma_eth

2021-07-09 00:42

This article is about 6280 words, reading the full article takes about 9 minutes

The U.S. SEC has extended the review period for SkyBridge Capital’s Bitcoin ETF application.

AI Summary

Expand

The U.S. SEC has extended the review period for SkyBridge Capital’s Bitcoin ETF application.

headlines

Circle to go public through business combination with Concord Acquisition Corp

Circle, the issuer of the U.S. dollar stablecoin USDC, will go public through a business combination with Concord Acquisition Corp (NYSE: CND ) under the symbol "CRCL," in a deal that values Circle at $4.5 billion. Concord Acquisition Corp is a publicly traded special purpose acquisition company in a trust of $276 million. Existing Circle shareholders will maintain approximately 86 percent ownership of the public entity upon closing of the transaction. Circle co-founder Jeremy Allaire will continue as CEO of the company. Bob Diamond, chairman of Concord Acquisition Corp and CEO of Atlas Merchant Capital, will join the board of directors, and the transaction is expected to close in the fourth quarter of 2021.

US SEC postpones review period for SkyBridge Capital Bitcoin ETF application to August 25

Ethereum Testnet Rinkeby Activates London Upgrade

The Ethereum test network Rinkeby reached the London upgrade block 8897988 at 01:27:32 on July 8. As of now, all three testnets (Ropsten, Goerli, Rinkeby) have successfully activated the London upgrade.

secondary title

digital currency

Binance will adjust the SMS notification service, and may not be able to provide SMS notifications such as contracts and leveraged transactions in the future

Binance will make adjustments to the SMS notification service through email notifications. Binance Futures, margin trading, and pledged currency may not be able to provide SMS notification services in the future, including margin call notifications, forced liquidation notifications, and loan overdue notifications. Strong important notice. The specific SMS reminder suspension service time will be notified separately. Binance stated that in the future, relevant notifications will be sent in the form of emails, site messages, and app push.

Gryphon Digital Mining announced that it has signed an agreement to purchase 7,200 S19J Pro ant mining machines from Bitmain

Gryphon Mining announced today that it has signed an agreement with Sphere 3D (Nasdaq: ANY), a Nasdaq-listed company, to purchase 7200 USD from Bitmain Technology Co., Ltd. Antminer S19J Pro mining machine. Bitmain plans to deliver 600 mining machines to Gryphon per month, with the first delivery starting in September 2021. Entering into this purchase agreement will provide Gryphon with a substantial total hash rate and a zero carbon footprint.

Bithumb will restrict registration of members by foreigners who do not live in South Korea

The South Korean cryptocurrency exchange Bithumb announced on July 8 that from the 13th, Bithumb will restrict the registration of members of foreigners who do not live in South Korea. In addition, the Philippines, Malta, Haiti and South Sudan are four other countries that have not yet implemented Anti-Money Laundering (FATF), for which membership will be limited and existing member accounts will be suspended. (Yonhap News Agency)

Balancer launches stable pool, Balancer becomes the first AMM with 3 types of pools

Web3 Foundation: The maximum funding limit for general grants has been cancelled.

The Web3 Foundation tweeted today that as part of our commitment to fostering the Web3 ecosystem, we offer a comprehensive grant program focused on funding development and research work on projects such as Polkadot, Kusama, and Substrate. Most importantly, we removed the maximum funding limit for general grants.

SushiSwap integrates Archer DAO's MEV shield to prevent front-running and sandwich attacks, etc.

Ethereum’s Maximum Extractable Value (MEV) arbitrage tool, Archer DAO, announced on Twitter that SushiSwap has integrated ArcherDAO’s MEV shield to protect traders, prevent front-running and sandwich attacks, etc., and eliminate the need to pay due to transaction cancellations and failures. Gas fee. The specific operation details will be released soon.

Balancer launches stable pool, Balancer becomes the first AMM with 3 types of pools

According to the official announcement, Balancer launched a stable pool, and Balancer became the first AMM with three types of pools - weight pool, element, and stable pool. Currently, Balancer Labs has created two initial stable pools, namely: staBAL3-BTC—WBTC/renBTC/sBTC and staBAL3-USD—DAI/USDC/USDT.

secondary title

88mph v3 is launched on the Ethereum test network Rinkeby, and the main network will be launched soon

According to official news, the DeFi fixed interest rate generation protocol 88mph has launched the v3 test network on the Ethereum test network Rinkeby. The update content of this version includes increasing short-term deposit interest rates and reducing long-term deposit interest rates, linear release of MPH rewards, and agreement to earn MPH by staking xMPH Fees, introducing a 0.5% early withdrawal fee and distributing it to MPH stakers, changing floating rate bonds to ERC20 or ERC1155 format Yield Tokens (YT), triggering YT interest payments when deposits are withdrawn, etc.

Blockchain industry

Samsung launches 'paperless' service, using blockchain technology to prevent document forgery and tampering

Samsung announced today that it will launch a "paperless" service on its website to solve the problem of document forgery and tampering through blockchain technology. This service enables secure management of various documents such as contracts, agreements, and certificates by linking to APIs provided by Samsung SDS without building a separate system. Samsung SDS encrypts and stores data such as large-volume documents and sensitive personal information on a separate server, and records only documents or data on the blockchain using hash values. (Yonhap News Agency)

Tokenized carbon trading platform Single.Earth completes $7.9 million seed round led by EQT Ventures

Investment and Financing

Encrypted asset tax reporting company Blockpit completes over US$10 million in Series A financing, led by MGV

According to official news, Blockpit, an Austrian encrypted asset tax reporting company, announced the completion of a Series A financing of more than US$10 million, led by MiddleGame Ventures (MGV), and participated by Fabric Ventures, Force over Mass Capital, Tioga Capital, Avaloq Ventures, and Venionaire. This round of financing will be used for product development and international market expansion.

Crypto insurance company Coincover completes $9.2 million Series A financing, led by Element Ventures

Crypto insurance company Coincover announces $9.2 million in Series A funding led by Element Ventures, DRW Venture Capital, CMT Digital, Avon Ventures, Valor Equity Partners, FinTech Collective, Susquehanna Private Equity Investments, LLLP, Volt Capital, Insurtech Gateway Fund and Wales Development Bank participated in the investment.

Tokenized carbon trading platform Single.Earth completes $7.9 million seed round led by EQT Ventures

Single.Earth, a tokenized carbon trading platform, completed a seed round of financing of US$7.9 million, led by EQT Ventures, and the founders of investment institutions Icebreaker.vc and Pipedrive, Ragnar Sass and Martin Henk participated in the investment. The financing will be used to launch the MERIT token market and expand the team. In addition, Single.Earth plans to start the registration pre-sale of MERIT tokens this summer.

Chintai Closes $7.5M Seed Funding Round Led by Block.one and Cryptology Asset Group

Chintai, a Singapore-based blockchain company, announced the completion of a $7.5 million seed round led by Block.one and Cryptology Asset Group, with participation from Collective Capital, PEER Venture Partners, and Chimera Wealth. Chintai will use the funds to enable the compliant tokenization of traditional financial assets on its blockchain network.
Chintai, a Singapore-based blockchain company, announced the completion of a $7.5 million seed round led by Block.one and Cryptology Asset Group, with participation from Collective Capital, PEER Venture Partners, and Chimera Wealth. Chintai will use the funds to enable the compliant tokenization of traditional financial assets on its blockchain network.

According to reports, Chintai uses Block.one's open source EOSIO protocol to provide customers with compliant digital asset technology for issuance, secondary trading, automatic market making, asset sheet management, custody, etc. Chintai plans to launch its private institutional beta version in July 2021, and has recently announced Chimera Wealth as its investor and foundational partner. (PR Newswire)

According to the official announcement, the financing of Lithium Finance, a private asset data oracle agreement, has increased to US$7.6 million, an additional US$2.6 million in addition to the US$5 million in financing led by Pantera Capital and Hashed, a Korean blockchain venture capital institution. Existing investors in Lithium Finance include Pantera Capital, Hashed, Alameda Research, Huobi Ventures Blockchain Fund, OKEx Blockdream Ventures, NGC Ventures, LongHash Ventures, Genesis Block Ventures, FBG, Coin98 Ventures, Shima Capital, Gate.io, PetRock Capital, Injective, AU21 Capital, Divergence Ventures, Astronaut Capital, Kyros Ventures, Autonomy Capital, Vendetta Capital.

global policy

Fan Yifei, deputy governor of the central bank: Bitcoin has potential risks that threaten financial security and social stability
Fan Yifei, deputy governor of the People's Bank of China, said that typical representatives of private digital currencies are currencies such as Bitcoin, as well as various so-called "stable coins" launched. These currencies themselves have become a speculative tool. When this happens in the market, there are also potential risks that threaten financial security and social stability. At the same time, it has also become a payment tool for some money laundering and illegal economic activities. The so-called "stable currency" of some commercial organizations, especially the global "stable currency", may bring risks and challenges to the international monetary system, payment and settlement system, etc.

We are currently in the process of piloting the digital renminbi. We have always paid close attention to the impact of these digital renminbi on the monetary system, monetary policy, and financial stability. We are also working hard to ensure that the digital renminbi system is beneficial to These macroscopic effects are minimized. For the digital renminbi pilot, we mainly use the whitelist invitation method. As far as I know, the whitelist users have reached 10 million. The scene of the Beijing Winter Olympics is the key area of the next pilot. (China Net)

U.S. Senators Warn of Cryptocurrency Risks, Press SEC to Tighten Regulation

U.S. Senator Elizabeth Warren warned on Thursday that a "highly opaque and volatile" cryptocurrency market posed growing risks to consumers and financial markets, and slammed its lack of regulation as unsustainable of. She also expressed her concerns in a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler on Wednesday. Warren said she needs to get an answer from Gensler by July 28 on the SEC’s powers to protect consumers investing in and trading cryptocurrencies and to determine what future action is required from Congress. In a statement, Warren said: "While demand for cryptocurrencies and cryptocurrency exchanges have skyrocketed, a lack of common-sense regulations has left ordinary investors at the mercy of manipulators and fraudsters. These regulatory gaps endanger consumers and investments." risk and undermine the security of our financial markets. The SEC must use its full powers to address these risks, and Congress must step up to close these regulatory gaps.” (Reuters)

Argentine MPs Submit New Bill Proposing Allowing Workers to Be Paid in Cryptocurrencies

Argentine lawmaker José Luis Ramón has submitted a new bill that, if passed, would allow workers to receive wages in bitcoin and other cryptocurrencies. Ramón claims the plan preserves employees' purchasing power while increasing their financial autonomy. Under the proposed bill, workers could choose to have their salaries paid in whole or in part in cryptocurrencies. Argentines who work abroad do not have to convert their earnings into pesos when they return home. (U. Today)

Thailand's central bank warns against using digital assets for payments

Thailand's central bank warned on Thursday against using digital assets such as bitcoin and ether as payment for goods and services because of risks including cyber theft and money laundering. The Bank of Thailand (BOT) has made it clear in a statement that digital assets are not legal tender. The BOT stated that some businesses have recently begun to pay in digital assets in exchange for goods and services. The BOT has been monitoring such developments. When using digital assets as a means of payment, both payers and payees may face price fluctuations, cyber theft and money laundering. and other risks. "The BOT does not support the use of digital assets as a means of payment for goods and services, a view that is consistent with many international organizations and regulators." However, if the use of digital assets for payments becomes common, the BOT said it will communicate with the US Securities and Exchange Commission and relevant Agency coordination to take steps to ensure that such actions do not pose a risk to the public or the economic and financial system. (Reuters)

ECOWAS expresses concern over cryptocurrency volatility

ECOWAS, which comprises 15 West African countries, has expressed concern about the use of cryptocurrencies in the region, calling attention to the associated potential risks. According to a report, member states are reminding people that cryptocurrencies are not safe-haven assets in response to Bitcoin's decline in recent months. ECOWAS also stated that payments in cryptocurrencies could be refused without the necessary legal protections usually provided by government-issued fiat currencies. (CoinDesk)

As Binance faces scrutiny from global regulators, Poland's financial watchdog issued a warning to consumers about the cryptocurrency exchange. The Polish Financial Supervisory Authority (PFSA) issued a statement on Binance’s growing regulatory concerns around the world, emphasizing that the company’s operations are not regulated in the central European country. The PFSA pointed out that the crypto market is not regulated by it, and the agency reminded the public of the risks associated with trading with Binance given the increasing scrutiny of exchanges by global financial regulators. (Cointelegraph)