Federal Reserve researchers develop regulatory framework for stablecoins; South China Morning Post cooperates with Sandbox Metaverse｜Blockchain Industry Weekly
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overview
overview
Last week, governments in many countries around the world successively introduced regulatory frameworks for stablecoins, and stablecoins have become one of the hottest topics. First of all, researchers from the Federal Reserve and Yale University pointed out that stablecoins may be equivalent to public currencies. Although stablecoins face the risk of running out and are likely to cause systemic risks, stablecoins that are fully mortgaged by the Federal Reserve are undoubtedly an effective and effective currency. Currency of potential earnings.
At the same time, the world has accelerated the pilot activities of CBDC, and our digital renminbi has made staged progress. In order to bridge the "digital divide", the digital renminbi will explore the launch of "hard wallets" such as smart video cards to solve specific problems such as the elderly and the disabled. The inconvenience of operating smartphones in groups. The design of the digital RMB wallet will be developed in a direction that facilitates online and offline full-scenario applications and meets the differentiated needs of users with multiple subjects, multiple levels, multiple categories, and multiple forms.
The popularity of NFT is still unabated. At the same time, the concept of "Metaverse" may take over NFT and become the next popular concept out of the circle. The South China Morning Post reproduces modern and historical locations and artifacts in mainland China and Hong Kong through the Sandbox metaverse, creating a standardized metadata structure. In the future, maybe anyone can use it to mark history as NFT. Blockchain technology is the core underlying layer that makes the metaverse truly a metaverse, and it can have various scenarios and gameplays in games, finance, social networking, etc. Meanwhile, Facebook CEO Mark Zuckerberg has also set his sights on the Metaverse, trying to bring it to life.
policy related
policy related
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According to Cointelegraph on July 19, the Federal Reserve's ongoing CBDC research has included stablecoins and corresponding regulatory issues. Gary B. Gorton, a professor at Yale University, and Jeffery Zhang of the Board of Governors of the Federal Reserve System published a paper on Sunday in which they developed two regulatory frameworks: making stablecoins equivalent to public currencies; currency living space. Regarding the first option, the government could require banks to issue stablecoins through FDIC insurance, or require all stablecoins to be fully backed by Treasury bonds at the Federal Reserve. The paper argues that "privately produced currencies" such as stablecoins are not effective mediums of exchange because they are not always accepted at face value and present the risk of runs, which in turn create systemic risk. The paper mentioned that from July 19, Treasury Secretary Yellen will convene the President's Financial Market Working Group to discuss the issue of stablecoins. The group brought together various regulators to assess the potential benefits and risks of stablecoins.
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According to Your Story, Amitabh Rajan, Chairman of the Reserve Bank of India Service Committee, recently stated in a discussion on the "Future of the Banking Industry" at the BFSI Leadership Summit that India must accelerate the pace of blockchain and Industry 4.0. On blockchain, he highlighted regulatory issues, citing how last year three judges worked to understand the concept of cryptocurrencies and lifted a 2018 central bank ban on cryptocurrency exchanges and start-ups. He pointed out that "fiscal and monetary issues will ultimately come down to policy decisions." After the global financial crisis, many arguments that the market should operate freely, self-innovate, and the government does not need to intervene no longer hold water. India urgently needs to formulate a regulatory framework for blockchain and virtual assets. The sooner a decision is made, the better.
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China Banking and Insurance Regulatory Commission Guangxi Supervision Bureau Autonomous Region Market Supervision Bureau recently issued the "Notice on Further Strengthening Intellectual Property Pledge Financing". , Mobile Internet and other new technologies, combined with blockchain and other technology application trends, research and develop new models of intellectual property pledge financing, and strengthen innovation in intellectual property pledge financing products and services.
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According to news from Coinkolik on July 19, Şakir Ercan Gül, Deputy Minister of Finance of Turkey, recently made an important statement on cryptocurrencies. Gül said that he is introducing stricter regulatory mechanisms for the encryption industry, preventing money laundering and regulating cryptocurrency transactions. It has been completed and will be presented to Parliament in October. In the future, crypto asset companies will operate under the supervision of the Capital Market Board (SPK), and minimum capital requirements will be introduced.
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[Kenya Electoral Candidate: Adoption of Blockchain Will Reduce Voting Costs by 300%]"According to News.bitcoin on July 19, a candidate for Kenya's Independent Election and Boundary Commission (IEBC) urged election agencies to consider adopting blockchain technology. Doing so will help Kenya reduce"300% of the cost of running an election"Safer and more transparent"。
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According to cointelegraph on July 20, the French government proposed that the European Securities and Markets Authority (ESMA) should regulate digital currency activities across the EU. If enacted, this would establish a single authority across the trade bloc’s crypto industry and would lead to uniform regulation across the federation through ESMA, as suggested by the French securities watchdog, the Autorite des Marches Financiers, or AMF. The AMF’s proposal states: “Similarly, granting ESMA the power to directly regulate EU crypto-asset public offerings (white paper review) and crypto-asset service providers would create significant economies of scale for all national regulators and pool expertise in an efficient manner. , for the common good of Europe."
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According to Qilu Evening News·Qilu Yidian on July 20, recently, the Licheng District People’s Court of Jinan City concluded a contract dispute arising from the purchase of virtual currency and ruled to reject Ma’s claim. Ma Moumou appealed against the appeal, and the original judgment was upheld in the second instance. The judge pointed out that from the perspective of regulatory policies, my country has always strictly prohibited the issuance, financing, trading, and speculation of virtual tokens. The act of purchasing virtual currency is not protected by law in our country, and the related agreements signed by it are not protected by law. Virtual currency is several times the volatility of general stocks, and there are many leveraged participants whose finances are "looted overnight", making it difficult to analyze and analyze with traditional fundamentals and valuation methods. It is more like an alternative speculative product and is not suitable for ordinary investment. By. Ordinary investors should protect their personal property and stay away from virtual currencies.
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Babbitt News, on July 20, the European Commission issued a package of proposals on anti-money laundering and anti-terrorism financing, which specifically includes the proposed prohibition of providing anonymous cryptocurrency wallets and services to users. Among them, companies that handle encrypted assets for customers must collect information such as the customer's name, address, date of birth and account number, and the name of the person who received the encrypted assets, and the recipient's service provider must also check whether the required information is missing. The European Commission stated that the above-mentioned measures will apply to all cryptocurrencies and encrypted asset services. At present, they still need to wait for the approval of the European Parliament and the European Council. operate.
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According to the official website of the Ministry of Education of the People's Republic of China, six departments including the Ministry of Education issued the "Guiding Opinions on Promoting the Construction of New Educational Infrastructure and Building a High-quality Education Support System". The guidance proposes to deeply apply new-generation information technologies such as 5G, artificial intelligence, big data, cloud computing, and blockchain, to give full play to the role of data as a new factor of production, and to promote the digital transformation of education. In addition, the guidance also mentioned that in terms of improving the efficiency of resource supervision, blockchain technology should be used to protect intellectual property rights, and explore personalized resource purchase and use and post-payment mechanisms. Promote the iterative update of digital resources through the combination of user evaluation and third-party evaluation.
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According to a report by Leading Products on July 21, recently, the National Financial Standardization Technical Committee (referred to as the Gold Standard Committee) organized the standard "leader" activities for enterprises in the financial field in 2021. The content of the activity includes three directions of financial information services: 1. Mobile financial client application; 2. Financial distributed ledger technology application; 3. Blockchain electronic evidence in the securities industry. The application of blockchain technology in the securities industry has accelerated. By building an electronic data block chain certificate storage platform, the whole process of electronic evidence including investor identity, investment and financial management behavior intention, operation time, investment and financial management contract signing, etc. can be fully traced, complete evidence chain archiving, traceable in the whole process, and real-time. regulatory capacity.
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industry news
industry news
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According to Binhai Times news on July 18, Tianjin Emissions Exchange released the country's first carbon-neutral certificate product based on AntChain. This product takes advantage of the non-tamperable and traceable features of AntChain to make carbon emissions, carbon emission reductions, clearing and settlement, supervision, auditing and other processes open and transparent, and relevant records can be traced and verified at any time.
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Babbitt News, Australian Rolling Stone magazine has reached a cooperation with Australian female singer "Tones And I", Australian Recording Industry Association (ARIA) and TheBrag.com to launch the first "Tones And I" themed Rolling Stone magazine cover on Origin NFT Launchpad NFT. The auction is now open and will run for 24 hours.
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[South China Morning Post will recreate modern and historical locations and artifacts in mainland China and Hong Kong through the Sandbox metaverse]
As reported earlier today, the South China Morning Post has launched a plan for an NFT platform called ARTIFACT, which can NFTize factual narratives or real historical assets. According to ARTIFACT's white paper, SCMP's vision is to create a standardized metadata structure that anyone can use to mark history as NFTs.
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According to news from Shanghai Jiaotong University on July 18, Shanghai Jiaotong University and Hainan Ecological Software Park Administration signed a cooperation agreement in Hainan Ecological Software Park to jointly build the Shanghai Jiaotong Hainan Blockchain Research Institute. The research institute will become a technical cooperation platform between Shanghai Jiaotong University and Hainan blockchain, play an active role in key technology research, excellent talent training, and technological achievement incubation, and contribute to the development of Hainan blockchain.
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According to Bdaily News on July 19, On The Table, a British food delivery startup, announced a partnership with Utrust, a digital payment blockchain platform, to accept cryptocurrencies and traditional payment methods.
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Babbitt News, on July 19, the blockchain sports platform Chiliz issued a document announcing a new partnership agreement with Arsenal Football Club and will launch the official fan token AFC on the Socios.com application platform.
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Babbitt News, according to Cai Guoqiang’s studio’s WeChat official account, at 21:00 Beijing time on July 16, the first NFT project specially commissioned by the well-known artist Cai Guoqiang by the Rockbund Art Museum, "The Eternity of Moments - The Detonation of 101 Gunpowder Paintings" ", was sold at a charity auction of US$2.5 million (approximately 16.2 million yuan) on the TR Lab online platform, and the work will be exhibited to the public on the homepage of the platform (trlab.com) until August 14. Half of the auction proceeds will be donated to the Rockbund Art Museum to support the future development of the museum and its digital art research plan. The other half of the proceeds will benefit the Tsai Foundation in New York.
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According to decrypt on July 19, the encrypted game Axie Infinity generated $84.9 million in revenue in the past month. According to previous news, on July 15, Axie Infinity's daily revenue exceeded 8.2 million US dollars, a record high.
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[Polygon launched a new department, Polygon Studios, to promote blockchain games and NFT work]
Among them, Polygon Gaming Studio aims to help developers create and operate decentralized games. And Polygon NFT Studio is used to help brands and intellectual property owners launch customized digital collectibles and marketplaces.
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[Netease authorized the release of the NFT of the game "Eternal Tribulation", sold out within 15 minutes]
This series of blind boxes has obtained the IP authorization of NetEase's latest popular game "Eternal Tribulation". "Eternal Tribulation" is a battle royale game for fighting game lovers. It has more than 1 million players worldwide, and the number of players is still growing rapidly. It is one of the most successful Chinese games on STEAM.
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According to official information, the King of Fighters Tyson-themed NFT work "Lineal by Tyson Fury" was auctioned at HoDooi.com for $987,000, making it one of the most expensive sports NFTs in history. That price shatters the $200,000 paid for NBA star LeBron James' dunk, and the $300,000 for the Cristiano Ronaldo NFT. Buyers will also receive a 5 x 5 foot artwork signed by Tyson Fury himself, and Signed boxing gloves and a video of Fury congratulating the winner on their winning bid.
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[Port of Buenos Aires, Argentina will use blockchain technology to modernize maritime systems]"According to news from Coindesk on July 20, the Port of Buenos Aires, Argentina will use blockchain technology for technological transformation to improve the speed and efficiency of port processes. According to a press release on Friday, the General Administration of Ports has launched a tender to upgrade its maritime logistics platform. Dubbed e-PuertoBUE, the platform handles tasks such as shipping lines, fleet maintenance and customs interactions, relying in part on physical paperwork. The implementation of blockchain will serve as a", while performing a tracking method and providing a security framework that prevents information from being altered. Specifically, blockchain will assist with documentation processes, including shipping information, electronic consignment notes, declarations of dangerous goods, and more.
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According to News bitcoin on July 20th, last weekend, Venezuela opened a new museum dedicated to the history of bitcoin mining. The museum was promoted by Criptoavila, a company specializing in mining. Experience, which aims to introduce people to the world of Bitcoin mining. Joan Telo, a member of Criptoavila, said that one of the goals of the museum is to raise awareness of Bitcoin mining among the general population. Located in Caracas, the museum will be open to all visitors with free entry.
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According to the interface news, the Tianyancha APP shows that on July 16, China Mobile Communications Group Co., Ltd. and others disclosed the patent of "Digital Currency Management System", the publication number is CN113132088A, and the application date is December 2019. The patent abstract shows that the digital currency management system of the embodiment of the present invention includes a cold wallet server, a hot wallet server and a system wallet server. In this system, the hot wallet server does not perform data interaction with the public data network, which can prevent the private key of the hot wallet from being stolen and improve the security of the user's digital currency assets.
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According to Jinshi news, MasterCard provides simplified payment card services for cryptocurrency companies.
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[Juchi Cloud and Byte Ark have reached a "Scientific Computing Center Strategic Cooperation", and will launch a new exploration with the core of blockchain and industrial links]
As Babbitt's innovative product in the blockchain + field in advance, Juchi Cloud has accumulated a complete blockchain computing power transformation experience. Under Babbitt's corporate philosophy of serving blockchain innovators, Juchi Cloud will export transformation experience to empower the industry, aiming to become a connector between the blockchain industry and other industries, and undertake more cross-field innovation integration missions.
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【Blockchain platform Enjin plans to use NFT to promote sustainability and equality】
Enjin previously stated that it plans to achieve carbon-neutral NFTs by 2030, claiming that its JumpNet blockchain is already carbon negative.
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According to news from Hainan Daily on July 21, Hainan Province is actively exploring the integration of blockchain applications into financial electronic bill management, focusing on building a blockchain financial electronic bill application management platform in the country. During June 30, a total of 19.19 million blockchain financial electronic bills were issued, involving an amount of 31.2 billion yuan.
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[The Georgian government cooperates with the Norwegian blockchain trading platform WiV Technology to mint wine NFT tokens]"According to Coindesk on July 20, Georgia is putting some of its wines on the blockchain, enabling investors and enthusiasts to track provenance and buy and sell related NFT tokens. The Georgian government has partnered with Norwegian blockchain trading platform WiV Technology, according to an emailed announcement Tuesday. Under the partnership, NFTs of the wine and its provenance will be minted and made available on WiV’s blockchain trading platform. WiV is also helping the Georgian State Wine Board to develop a wine system similar to the one used in Italy since 1963."(Denominazione di origine controllata) model of quality assurance standards.
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According to Beincrypto news on July 21, the NBA Sacramento Kings team announced the launch of its first NFT collection series "1985 Inaugural Pin Collection", including 85 physical objects and corresponding NFTs, representing the team's first season in the NBA. . The series will be sold on OpenSea, with 84 NFTs priced at $500 each, and another limited-edition NFT will be auctioned off on July 22.
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[Global Shipping Business Network (GSBN) launched a blockchain solution, which will greatly shorten the release time of goods]
The GSBN was jointly established by major shipping lines and terminal operators, including COSCO SHIPPING, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, SPG Qingdao Port, PSA International and Shanghai International Port Group.
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According to a prnewswire report on July 21, Autograph, an NFT platform founded by football player Tom Brady, announced a strategic partnership with Lionsgate and digital sports entertainment company DraftKings. Autograph will establish multi-year exclusive NFT partnerships with several sports stars, including Tiger Woods, Wayne Gretzky, Derek Jeter, Naomi Osaka and Tony Hawk, who will join Autograph's advisors committee. And Lionsgate will launch Autograph's entertainment business with several iconic film and TV rights, including John Wick, The Hunger Games, Twilight, Mad Men and more.
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Babbitt News, July 21st news, Steve Jobs' 1973 handwritten job application will be auctioned side by side in two forms, physical and NFT, which was created in cooperation with Rarible. The auction will begin at 9:41 a.m. PDT on July 21 and end at 2:00 p.m. PDT on July 28, and bids can be made through the auction's official website. Digital entrepreneur and NFT vs physical auction founder Olly Joshi believes that the most common question surrounding NFTs is "do they represent real value or is it just a bubble?" Coexist with digital assets.
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[Twitter CEO Jack Dorsey: BlueSky, a decentralized social media protocol is being developed]
Babbitt News, the Crypto Council for Innovation (CCI) held an online event "The ₿ Word" on July 21, and invited Twitter CEO Jack Dorsey, Blockstream founder Adam Back, Ark Invest Cathie Wood and other important guests participated.
In addition, Jack Dorsey also said: I hope Bitcoin will promote world peace.
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Economic Daily published an article on July 22, Ningbo Yongcheng Rural Commercial Bank launched a "cross-border e-commerce loan" product in Ningbo City, using big data applications and blockchain technology to integrate order information, logistics and overseas warehouse distribution and other information data As a modeling basis, it provides online, pure credit, and flexible term financing services for enterprises, which can accurately solve the difficulties and blockages of cross-border e-commerce enterprises in the financing process.
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[Kansong Art Museum in South Korea will launch 100 limited edition NFT works of "Hunminjeongeum"]
It is reported that "Hunminjeongeum" is the Korean script created by the fourth king of the Joseon Dynasty, King Sejong the Great, and his son, the fifth king King Moonjong, the Great Lee. , Korean characters. Gunminjeongeum, Goryeo celadon, etc. are in the collection of Jiansong Art Museum.
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[Inter Milan announces the blockchain company Socios as the main sponsor of the 21/22 season]
Previously, Socios had also reached a cooperation with the AC Milan club in the same city.
【NFT works by artist Damien Hirst"currency"currency
According to news from Cointelegraph on July 22, the NFT works of contemporary artist Damien Hirst"currency"currency
According to previous news, in February this year, Damien Hirst began to accept Bitcoin and Ethereum for payment to purchase cherry blossom-themed art collections, which was his first entry into the cryptocurrency field.
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【Binance Australia cooperates with Koinly to provide users with tax reports to meet the requirements of the Australian Taxation Office】
In recent years, the Australian Taxation Office (ATO) has stepped up efforts to tax cryptocurrency gains. In July last year, the ATO targeted 350,000 crypto asset investors and holders with a letter about undeclared crypto gains. In May, the ATO reminded 100,000 Australian cryptocurrency users to report all gains when filing their taxes. It is estimated that more than 600,000 taxpayers have invested in crypto assets in recent years, and the ATO uses data matching with exchanges to identify users who may have tax bills.
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According to Business Standard news on July 22, Infosys Public Services, a branch of IT giant InfosysI in the United States, completed a blockchain solution pilot aimed at improving the efficiency, access and security of important record keeping in Riverside County (USA). The blockchain network will enable county employees to efficiently and securely manage data while easing access and reducing operational costs. The pilot blockchain network was developed in partnership with Amazon Web Services. The solution will also provide citizens with more timely and accurate access to records.
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According to PRNewswire on July 22, Dtravel, a decentralized shared housing rental platform under the crypto-friendly travel booking platform Travala, announced that the project has obtained more than 200,000 housing listings within one month after its launch, and its listing acquisition speed is 120 times that of Airbnb. It is reported that Dtravel is expected to launch the property booking function within 3 months, and launch the vacation rental service based on its platform token TRVL on the Binance Smart Chain and the Ethereum mainnet.
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Babbitt News, on July 21, Stateful Works tweeted to announce the release of the upcoming EIP-1559 commemorative NFT, the designer is _kitteh, the NFT is presented in the form of a moving picture, and each piece is priced at 0.1559 ETH, one of which starts at Priced at 15.59 ETH, these NFTs will always serve as support for EIP-1559 developers, encouraging developers to continue their work. Developers can earn between 1% and 14%. For example, Tim Beiko, who has been coordinating network upgrades with core developers, will earn 6%. And NFT designers will get 2%. Developers include those who write Ethereum EIPs, client teams who modify the software, and those who study knock-on effects.
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[China Telecom successfully led two new international standard projects in the blockchain field]
According to the news from IT House on July 22, from July 5 to 16, during the meeting of the 13th group (SG13) of the International Telecommunication Union Telecommunication Standardization Sector (ITU-T), the joint efforts of the blockchain team of China Telecom Research Institute Next, the two blockchain standards led by China Telecom were officially approved after several rounds of discussions and negotiations with experts from China, the United States, the United Kingdom, Canada, and South Korea. These two standards include:
2. "Y.NRS-DLT-arch: Functional architecture of network resource sharing based on distributed ledger technology", led by China Telecom and jointly initiated by China Unicom, standard code: Q2/WP3 .
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Facebook CEO Mark Zuckerberg (Mark Zuckerberg) recently introduced an ambitious new plan to his employees, The Verge reported on July 23. The company's future extends far beyond its current project of building a set of connected social apps and some of the hardware to support them. Instead, he said, Facebook will strive to build a science-fiction-style maximalist collection of interconnected experiences — a world known as the Metaverse. In a remote address to employees, he said the company's divisions focused on community, creators, commerce and virtual reality products will increasingly work to realize that vision. "I think what's most interesting is how these themes will fit together into a larger idea," Zuckerberg said. "Our number one goal in all of these initiatives is to help bring the Metaverse to life."
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Football Premier League club Watford (WATFORD) recently signed a sponsorship agreement with Stake, an encrypted sports betting platform and casino, all of which will be paid in cryptocurrencies, Coingape reported on July 23, but the football club did not disclose financing details.
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Entertainment and NFT marketplace TriumphX has signed a memorandum of understanding with KFC Korea, Cointelegraph reported on July 23. The agreement will focus on joint blockchain research with the aim of integrating NFT technology to promote the KFC brand. According to local media reports, KFC Korea plans to introduce blockchain and NFT technology in its branded content to issue NFTs containing different digital formats to its customers, including videos, graphics, and Metaverse collectibles.
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According to Crypto Ninjas news on July 23, Ubitquity, a blockchain-based real estate and title record keeping platform, today announced the official launch of the SmartEscrow.us website for the U.S. market, aiming to serve as an initial starting point for potential buyers, title companies, underwriters and banks. The online portal, SmartEscrow for mobile, is expected to launch later this year.
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According to Bitcoin.com, this week, Sotheby's and Muhammad Ali Enterprises, the owner of all intellectual property and publicity rights of American boxing champion Muhammad Ali, revealed a new NFT auction, which will be held on July 23. exhibit and auction. According to the announcement, the NFT is a work of art created by Ali himself, depicting his interpretation of the infamous "Fight of the Century" from 1971. The artwork will be displayed using NFT technology for the first time.
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According to a report from the financial world on July 23, Shanghai Rural Commercial Bank cooperated with foreign banks to successfully implement the first cross-border RMB trade financing transfer service platform forfaiting secondary market purchase business in the domestic rural credit system. The cross-border RMB trade financing transfer service platform introduces blockchain-based distributed data storage, consensus mechanism and encryption algorithm, etc., to realize the sharing and comparison of logistics customs declaration information, financing information and other data, and to verify the authenticity of the underlying trade, so as to effectively prevent Risks of false trade and repeated financing can alleviate the common industry pain points and difficulties in traditional cross-border trade financing such as identity authentication, information transmission, and data security.
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[China Future Blockchain Industry Alliance was established in Hangzhou丨2021 World Blockchain Conference]
Babbitt News, on July 24, the "2021 World Blockchain Conference Hangzhou" opened at the Academic Exchange Center of Hangzhou Future Science and Technology City. The conference was hosted by Hangzhou Timestamp Information Technology Co., Ltd. (Babbitt), and supported by Hangzhou Future Science and Technology City Management Committee and other institutions. At the conference, the launch ceremony of the China Future Blockchain Industry Alliance led by Hangzhou Timestamp Information Technology Co., Ltd. was successfully held.
The alliance will follow the basic principles of application traction, innovation drive, ecological cultivation, multi-party collaboration, safety and order, gather the advantages of alliance members, continuously break through the core technology of blockchain, further improve the blockchain industry ecology, and accelerate the promotion of blockchain in anti-counterfeiting In-depth applications in fields such as traceability, supply chain management, judicial evidence storage, government data sharing, and people's livelihood services will promote high-quality economic and social development.
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According to ArtPro news on July 24, the special auction of Yayoi Kusama's original work "Unlimited Net" and the blockchain digital deposit certificate ended, and finally it was hammered down at 91.5 million yuan, plus a commission of 105 million yuan, breaking the artist's personal auction record. In addition, NFTs that record authentication materials such as work circulation records, exhibition materials, publication catalogs, and certificates are also given to collectors.
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According to news from Chuanguan News on July 23, the Western (Leshan) AI Computing Valley was officially put into operation. The project will be based in the western part of the country and build a highland of computing power industry for the whole country. Western (Leshan) AI Computing Valley will make use of Leshan's big data resources and industrial advantages to build a smart city based on the government cloud, and create industry clouds in the fields of cultural tourism, medical care, finance, science and education, and empower the digital transformation of traditional industries. In the future, the Western (Leshan) AI Computing Valley will build a digital industrial cluster centered on servers, supercomputing, and quantum information, supported by artificial intelligence and blockchain algorithms, and oriented by data applications. Digital industry development highland, artificial intelligence innovative application demonstration highland, intelligent industry agglomeration highland, and the world's leading advanced computing industry base. At the Chengdu-Chongqing South Wing Artificial Intelligence Innovation City and Western (Leshan) AI Computing Valley Commissioning Conference held on the same day, 18 projects were signed and settled, involving technology and the Internet, traditional manufacturing information transformation, school-enterprise cooperation artificial intelligence and other projects.
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central bank digital currency
central bank digital currency
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According to the Beijing Daily, Ge Qi, a senior researcher at the Blockchain Research Institute of Renmin University of China, recently wrote an article saying that compared with cash that is used anonymously and circulated offline, the digital renminbi has significantly improved security, and consumers can use it with confidence. For the offline micropayment function opened for specific scenarios, the possibility of "counterfeit banknotes" still exists in the digital renminbi. However, considering the digital currency platform, the mobile phone real-name system of operators, and the big data analysis, early warning, traceability, and audit system covering the entire circulation process, the digital renminbi in the 5G era will become the safest "cash" in human society.
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According to news from Zhejiang News on July 19, Zhejiang released the implementation plan for the high-quality development and construction of a common prosperity demonstration zone in Zhejiang (2021-2025). The plan mentioned that it will build a digital and intelligent regional financial operation system, deepen the construction of mobile payment provinces, strive for a digital renminbi pilot, and explore the construction of a "financial brain". In addition, "Zhejiang of Kindness" will be built in an all-round way. Create a unified charity service information platform in the province, improve the supervision system of charitable organizations, and use blockchain technology to carry out smart supervision of charitable donations throughout the process, creating charity for the people and sunshine charity.
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Luo Rui, director of the Central Bank's Currency, Gold and Silver Bureau, said that in the design of future digital renminbi products, the actual needs of specific groups will also be fully considered, and various technical means will be used to reduce the difficulty of use and avoid barriers to use caused by the "digital divide". . In order to bridge the "digital divide", the digital renminbi will also explore the launch of "hard wallets" such as smart video cards to solve the inconvenience of operating smartphones for certain groups such as the elderly and the disabled. Luo Rui said that the design of the digital RMB wallet is convenient for online and offline full-scenario applications, meeting the differentiated needs of users with multiple subjects, multiple levels, multiple categories, and multiple forms.
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According to news from People's Daily Online on July 20, recently, the Xiongan New Area Management Committee issued the "Pilot Implementation Plan for Comprehensively Deepening the Innovation and Development of Trade in Services". The "Implementation Plan" proposes to promote comprehensive innovation with scientific and technological innovation as the core, accelerate the construction and development of blockchain laboratories, promote the in-depth application of blockchain and other technologies in the financial field, and introduce and cultivate a group of leading enterprises in the blockchain field. Financial technology companies, promote a batch of blockchain and other leading financial technology projects to be piloted in the new area. The "Implementation Plan" also proposes to expand the application scenarios of digital currency, explore new models of digital currency application, expand the application scenarios of digital currency, and explore new models of digital currency application. Participate in the research and pilot work of legal digital renminbi, promote the organic integration of digital currency research and development, smart city construction, and digital identity system construction, broaden the application scenarios of digital currency, and explore new models of digital currency application.
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According to a report by Ledger Insights on July 20, the Bank of France and the Central Bank of Tunisia have cooperated to conduct a wholesale CBDC cross-border payment trial, which is the seventh CBDC experiment of the Bank of France. The purpose of the trial is to explore an instant, transparent and cheaper method of commercial cross-border payments, specifically for digital euro transfers from Tunisians living and working in France to Tunisia. The trial involved a group led by financial innovation company Prosperus, including Bank Wormser Frères, Tunisia's International Arab Bank and its French subsidiary BIAT France.
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According to a recent report from "Shenzhen Business Daily", Ping An Property & Casualty Shenzhen Branch and Bank of China Shenzhen Branch have completed the issuance of the first batch of "digital renminbi insurance policies", marking that the Shenzhen insurance industry has extended the pilot application of "digital renminbi insurance policies" to Online premium settlement scenario. As the first batch of pilot projects, Ping An Property & Casualty Shenzhen Branch has developed a "Comprehensive Insurance for Medical Staff" for medical staff in Nanshan District, providing medical staff with 300,000 exclusive new crown death compensation, 50,000 new crown diagnosis allowance and 50,000 accidental death compensation insurance coverage. At the same time, if the policyholder uses the digital renminbi wallet to pay, he can enjoy the exclusive preferential allowance for insurance.
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According to news from China News Network on July 21, a press briefing on the "Financial Policy Implementation Effects of the First Anniversary of the Construction of Hainan Free Trade Port" was held in Haikou. At the meeting, Xie Duanchun, vice president of the Haikou Central Sub-branch of the People's Bank of China and deputy director of the Hainan Provincial Branch of the State Administration of Foreign Exchange, said that the financial infrastructure functions of Hainan Free Trade Port are constantly improving, and financial services continue to improve. The implementation of digital renminbi pilot projects across the island has accelerated the modernization of payment services. More than 50,000 merchants in multiple scenarios such as duty-free shopping, 2A-level and above tourist attractions, and key universities in the province support digital renminbi payments, and more than 640,000 individual consumers have opened Digital RMB personal wallet.
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According to the Economic Information Daily, the reporter learned from the State Grid Xiong’an Financial Technology Group on July 22 that on July 19, “Dian e Bao” officially landed on the official digital RMB App of the People’s Bank of China, and completed the connection with the central bank’s sub-wallet push function. After the sub-wallet push function is launched, users do not need to jump to the bank wallet interface when paying electricity bills online within the App, and can directly complete digital RMB electricity bill payment on the original interface. At present, this business has been fully released to 9 pilot areas in the State Grid Corporation's operating area, including Xiong'an New District, Suzhou, Chengdu, Shanghai, Xi'an, Dalian, Changsha, Qingdao, and the Winter Olympics scene.
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According to news from The Paper on July 22, Bank of Shanghai’s official WeChat public account released a strategy for applying for digital renminbi. According to the strategy, there are only three steps required to use the digital renminbi in the Bank of Shanghai APP: apply for digital renminbi in the Bank of Shanghai APP; download the digital renminbi APP, use the same mobile phone number of the Bank of Shanghai APP to complete the registration, and select an operating agency to open a digital wallet (currently supports transportation bank); return to the Bank of Shanghai APP, click "Digital Wallet" to complete the authentication, recharge the wallet and use it.
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[Deputy Governor of the Reserve Bank of India: Committed to a phased launch of the digital rupee, Bitcoin, etc. do not meet RBI's definition of currency]
There are also several favorable legal frameworks to consider before launching a CBDC. Importantly, these include amendments to Sections 24, 25 and 26 of the RBI Act, as well as provisions of the Mint Act, Foreign Exchange Control Act and Information Technology Act, 2011. The RBI has been exploring the pros and cons of issuing India's sovereign CBDC for a long time. The RBI has studied specific-purpose CBDCs proposed by different central banks around the world for the wholesale and retail sectors. The launch of a universal CBDC targeted at the population scale is being considered, and the RBI is working on a phased introduction strategy and studying use cases with little disruption to the Indian banking and monetary system. Shankar added that cryptocurrencies like bitcoin do not meet the RBI’s definition of money, and that one reason why central banks around the world are experimenting with CBDCs is that they want to minimize the risks cryptocurrencies pose to the fiat economy.
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According to the "Peninsula Morning Post" report, on July 12, the office of the Dalian Jinpu New District Employment and Social Insurance Service Center recently completed the first business of using digital renminbi to pay social insurance premiums, which also means that digital renminbi has officially entered Dalian. 5 million social insurance premiums are used to insure the lives of the payers. In addition to the convenience of WeChat payment and Alipay payment, digital RMB payment also has many advantages such as real-time payment, good privacy, no need for the Internet, and no handling fee. The payer first applies for a digital wallet online, and then binds the debit card of any bank that has the qualification for digital renminbi operation, and can enjoy the safety and convenience of digital renminbi payment.
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According to news from the Shenzhen Special Zone News on July 23, the Shenzhen Municipal Transportation Bureau, in conjunction with the People's Bank of China, the Agricultural Bank of China, China Construction Bank, and Shenzhen Tong Co., Ltd., officially launched the pilot application of digital renminbi in the field of public transportation green travel, and advocated that citizens use it in public transportation. The transportation sector actively uses digital renminbi to participate in green travel. Citizens can use digital renminbi to pay for the city’s bus and subway travel expenses when they scan the QR code in the Shenzhen Tong APP and choose digital renminbi as a secret-free withholding channel; When opening and recharging services such as NFC interconnection card, digital renminbi can be used for active payment.
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Investment and financing news
Investment and financing news
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According to PR Web news on July 19, CACHE, a Singapore-based blockchain start-up company, completed a US$1.4 million Series A round of financing at a valuation of US$17 million, led by Palisades Goldcorp. According to reports, CACHE is an asset-backed token that digitizes physical gold.
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According to news from 36 Krypton on July 19, the blockchain technology company "Cybertino Lab" recently received tens of millions of dollars in angel round financing. , Divergence, Draper Dragon and other well-known investment institutions followed suit. The financing will be used for team expansion and product development.
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According to CoinDesk on July 20, the NFT market platform OpenSea completed a $100 million Series B financing led by Andreessen Horowitz (a16z), with a post-investment valuation of $1.5 billion. OpenSea saw a record $160 million in digital asset sales in June.
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According to Techcrunch, the investment management platform Titan announced the completion of $58 million in Series B financing, led by Andreessen Horowitz (A16z), followed by existing investors General Catalyst, BoxGroup and Ashton Kutcher’s Sound Ventures. Athletes and stars, including Kevin Durant, Odell Beckham Jr, Jared Leto and Will Smith, and A16z general partner Anish Acharya will join Titan's board of directors. After the financing, the company was valued at $450 million.
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According to The Block, cryptocurrency exchange FTX has completed a $900 million Series B round of financing. There are more than 60 investors, including SoftBank, Sequoia Capital, Paradigm, Lightspeed, Third Point, Alan Howard, Izzy Englander, and the Paul Tudor Jones family. FTX’s post-financing valuation reached $18 billion.
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According to a Cointelegraph report on July 21, DeFine, an NFT social platform, announced on Tuesday that it has completed a $5 million strategic round of financing, led by Huobi Ventures, electronic entertainment company Abyss, and global game development company PearlAbyss, with participation from several Asian blockchain funds, including Draper Dragon, NGC Ventures, SevenX Ventures.
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According to a CoinDesk report on July 21, Australia-based Virtually Human Studio (VHS) completed a US$20 million Series A round led by TCG, with participation from Andreessen Horowitz and Red Beard Ventures.
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According to a U.today report on July 21, the encryption mining company Core Scientific announced its listing on Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp. The transaction was completed through a special purpose acquisition company.
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According to Cointelegraph, Visa officially announced on Thursday that it signed a definitive agreement to acquire Currencycloud, a financial technology platform that supports approximately 500 banking and technology customers in more than 180 countries. The new acquisition aims to improve Visa's foreign exchange business and expand it to serve financial institutions, fintech companies and partners. The deal will, among other things, increase Visa's transparency and speed of payments.
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According to news from CoinDesk on July 22, Magic Labs (formerly Fortmatic), a decentralized identity verification platform based on Ethereum, completed a financing of US$27 million. Northzone led the investment, and Tiger Global, Volt Capital, CoinFund, and Digital Currency Group participated in the investment.
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According to news from The Block on July 22, Thesis, the crypto venture studio behind tBTC and other projects, raised $21 million in Series A financing. This round of financing was co-led by ParaFi Capital and Nascent, followed by Fenbushi Capital, Polychain Capital and Draper Associates.
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According to a Coindesk report on July 23, CB Insights data showed that cryptocurrency companies received a total of $4 billion in venture capital financing in Q2. At the same time, the total amount of fintech venture capital financing also hit a new high in Q2. Global venture capital-backed fintech companies raised $30.8 billion in 657 financing deals, breaking the previous quarter's record, up 2% quarter-on-quarter and 29% year-on-year. "
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Babbitt News, on July 23, CryptoArt.Ai, an Asian NFT encrypted art trading platform, announced the completion of a US$2.4 million institutional round of financing. This round of financing was led by DFG, WaterdripCapital, KirinFund, SignumCapital, SoftBankSingapore, imTokenVentures, AU21, ConsensusLab, DamoLabs , Gate.ioLabs and more than 20 investment institutions participated in the investment.
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According to Wen Wei Po news on July 19, Ye Xiaojie, director of the Finance Department and associate professor of Shanghai National Accounting Institute, sorted out some thoughts on the application of technology in the financial integration of the Yangtze River Delta from the perspective of scholars at the forum "Technology Empowers the Financial Integration of the Yangtze River Delta". As for how technology can empower the financial integration of the Yangtze River Delta, he believes: "First of all, the application of technology helps to break through the data islands among financial institutions. By digitizing all aspects of finance and abstracting them into various digital assets, it breaks through administrative regions. and industry restrictions. Secondly, blockchain, Internet of Things, and big data technologies can effectively strengthen the risk control of cross-regional finance. In addition, the application of artificial intelligence and other technologies can help to accurately evaluate political performance and performance, and crack various Regions pay too much attention to local interests and pursue the maximization of overall interests.”
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Babbitt news, on July 23, the National Development and Reform Commission and the National Energy Administration issued guidance on accelerating the development of new energy storage. The National Development and Reform Commission stated that it actively supports the diversified development of user-side energy storage. Encourage exploration of new scenarios for energy storage integration and development around distributed new energy, microgrids, big data centers, 5G base stations, charging facilities, industrial parks and other end users. Encourage the aggregation and utilization of decentralized energy storage facilities such as uninterruptible power supplies, electric vehicles, and user-side energy storage. Relying on technologies such as big data, cloud computing, artificial intelligence, and blockchain, combined with comprehensive innovations in systems and mechanisms, explore smart energy, virtual power plants, etc. Various business models.
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[Huawei blockchain CSO Zhang Xiaojun: The blockchain industry is facing 4 major contradictions丨2021 World Blockchain Conference]
He said that the blockchain industry is facing four major contradictions, namely, the contradiction between the increase of technical features and scalability, the contradiction between the interoperability between blockchain and surrounding technologies, the contradiction between blockchain application and supervision, and the contradiction between the blockchain itself. The contradiction between safety and process safety. In addition, he believes that the blockchain is centered on data, and government services, finance, medical care, and manufacturing will be the mainstream market in the blockchain, and around these four areas, the formation of certificates, supply chain finance, and telemedicine , supply traceability and other mainstream scene markets derived from the blockchain.
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[Xu Yu, director of the blockchain crime research project of the Criminal Investigation Corps of the Public Security Department of Zhejiang Province: The future development of the blockchain security market depends on whether the development of the blockchain is healthy and orderly]
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