| ETH hit another record high; the market value of encryption will reach 6.8 trillion US dollars in the next four years (November 3)
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National Development and Reform Commission Development Strategy and Planning Department: Coordinated promotion of digital currency and RMB internationalization process
The Supreme Court held a press conference to release the "Judicial Report on People's Courts Serving and Guaranteeing the Integrated Development of the Yangtze River Delta" and typical cases, and answered questions from reporters. Chen Chang, vice president of the Shanghai Higher People's Court, said in response to a reporter's question that Shanghai courts are also exploring the application of "blockchain" and other technologies, strengthening the in-depth application of electronic data in judicial trials, using judicial technology to efficiently resolve financial technology disputes, and actively promoting The construction of an online case handling system for the entire process of financial cases has further improved the quality and efficiency of trials, and has been widely recognized by the society. (Red Star News)
digital currency
The current number of unconfirmed transactions in the entire Bitcoin network is 14,214
El Salvador to build 20 schools with bitcoin proceeds
El Salvador to build 20 schools with bitcoin proceeds. Earlier, El Salvador also said that it would use Bitcoin proceeds to build a veterinary hospital. According to the previous news released by the official Twitter of the El Salvador government, the price of bitcoin has risen, and the bitcoin trust fund in El Salvador now has a "surplus" of US$4 million.
ETH rose to hit 4473.81 USDT, continuing to hit a record high
Hayden Capital: By 2025, the crypto market value will reach 6.8 trillion US dollars, and Coinbase revenue will reach 50 billion US dollars
Tether newly prints 1 billion USDT in TRON (authorized but not issued)
NFT Data Daily: NBA Top Shot 24-hour trading volume increased by 64%
According to the latest data from CryptoSlam, the top ten NFT projects in the past 24 hours by trading volume and their trading volume rise and fall are as follows: Axie Infinity (+4.07%), Parallel Alpha (-32.37%), CryptoPunks (+13.58%), Bored Ape Yacht Club (-6.41%), The Sandbox (+56.16%), Farmers World (+14.37%), The Shiboshis (+15.58%), NBA Top Shot (+64%), Desperate ApeWives (-63.66%), Mutant Ape Yacht Club (-6.99%).
The 42 community proposal to upgrade Polkadot Runtime to v9122 is currently being voted on. If the proposal is passed, parachain registration and crowd lending will be opened on November 4.
Investment and Financing
The parent company of Upland, an NFT-based digital real estate trading game, completed a $18 million Series A round of financing at a valuation of $300 million, led by Animoca Brands, OneTeam Partners, Block.one, Alumni Ventures Blockchain Fund, Global Founders Capital, and former SoftBank Managing Partners Michael Ronen, Mike Vorhaus of Vorhaus Advisors, Michael Terpin, CEO of Transform Group, and C3 Management participated in the investment. (The Block)
Binance Announces $500M BSC Investment Plan, Allocation of Funds Through Direct Investments and Industry Co-Investments
According to official news, Binance announced the BSC $500 million investment plan, which will use $500 million of the $1 billion growth fund to accelerate mainstream adoption and bring disruption and innovation to traditional financial infrastructure and traditional industries. Binance will allocate funds through direct investments in projects and startups, and most recently through co-investment partnerships with industry leaders in different fields.
Cryptocurrency exchange Bitkub announced on Tuesday that Thailand’s Siam Commercial Bank has acquired 51% of its shares for 17.85 billion baht (approximately US$537 million). The transaction is expected to be completed in the first quarter of 2022, pending regulatory approval. (The Block)
NFT game company The Sandbox raises $93 million, led by SoftBank Vision Fund 2
In the field of social payments, Twitter has partnered with Chipper Cash to provide Tip Jar services to African creators through its payment links. Chipper Cash plans to make its Tip Jar integration available to users in the U.S. by next year, Chipper Cash CEO Ham Serunjogi said. (Techcrunch)
NFT game company The Sandbox raises $93 million, led by SoftBank Vision Fund 2
The Sandbox, an NFT game company headquartered in Hong Kong, China, announced the completion of a US$93 million financing, led by SoftBank Vision Fund 2, which also marks the first time that Vision Fund 2 has invested in a company that issues its own cryptocurrency. This round of financing is more than a year after the last round of financing. At present, the company's monthly active users are growing rapidly, and the platform transaction volume exceeds 144 million US dollars. The Sandbox declined to disclose its valuation, but the Sandbox coin, the cryptocurrency it supports, has a market capitalization of nearly $2 billion, and the company says it currently owns about 22 percent of the coins. Sebastien Borget, the company’s chief operating officer and co-founder, said in an interview that the new financing will help fuel growth in The Sandbox’s creator economy, expanding beyond gaming to fashion, architecture and virtual concerts.
Primarily owned by blockchain game developer Animoca Brands, The Sandbox allows players to build, own and monetize their virtual gaming experiences on the Ethereum blockchain. It provides creators with NFT ownership and provides tools to create assets on the platform. The Sandbox has announced collaborations with several brands and celebrities, including rapper Snoop Dogg, who will create digital replicas of his homes in The Sandbox's metaverse. (Reuters)
Character·Voice
Singapore Monetary Authority chief: If the crypto economy can somehow take off, we want to be the leader
