｜Beijing will further investigate and withdraw "mining" activities; Tether will issue an additional 1 billion USDT on the Ethereum chain (November 5)

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2021-11-05 08:04 (UTC+8)

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11 cities will carry out Double Eleven digital RMB red envelope activities.

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11 cities will carry out Double Eleven digital RMB red envelope activities.

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22 domestic and foreign institutions participated in the multilateral central bank digital currency bridge test

On November 3, during the Hong Kong Fintech Week, supported by the Bank for International Settlements Hong Kong Innovation Center, the multilateral central bank digital currency co-sponsored by the Hong Kong Monetary Authority, the Central Bank of Thailand, the Central Bank of the United Arab Emirates and the Digital Currency Research Institute of the People's Bank of China The Currency Bridge Research Project publishes a use case handbook. The manual shows more than ten potential application scenarios of currency bridges such as international trade settlement, cross-border e-commerce, and supply chain finance, and outlines the future roadmap of the platform. The Digital Currency Research Institute of the People's Bank of China served as the chairman of the currency bridge project technical committee and built a currency bridge test platform. A total of 22 domestic and foreign financial institutions including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China, China Foreign Exchange Trade System, HSBC, Standard Chartered Bank, Hong Kong Stock Exchange, and Thai Banking Association Organized and participated in the current test of the project. The transactions covered four jurisdictions and 11 industry scenarios, with a total transaction volume of more than 2 billion yuan. (China Business Times)

Central media survey: Under the crackdown, some websites are still paying for virtual currency marketing and publicity

The People's Bank of China and other departments have made it clear that virtual currency-related business activities are illegal financial activities, and those who provide marketing and publicity for overseas virtual currency exchanges will be held accountable in accordance with the law. A recent investigation by Xinhua Viewpoint reporters found that some websites are still advocating virtual currency marketing. Such websites not only use the names of "blockchain" and "metaverse" to hype up the virtual currency market, but also publish articles and tutorials, organize activities, and live broadcast roadshows to attract traffic for various overseas virtual currency marketing. Liu Bin, director of the Financial and Shipping Research Office of the Shanghai Pudong Reform and Development Research Institute, said, "Since the high-pressure crackdown on virtual currency trading hype activities in 2017, the virtual currency trading and issuance platforms in China have been cleaned up and banned, but there are still many virtual currency trading platforms active. Related websites and self-media.” According to the relevant person in charge of the People’s Bank of China, in order to build a multi-dimensional and multi-level virtual currency transaction speculation risk prevention and disposal system, the financial management department, network information department, telecommunications department, public security department, The market supervision departments work closely together to implement comprehensive policies in terms of cutting off payment channels, disposing of relevant websites and mobile applications according to law, strengthening the registration and advertising management of relevant market entities, and cracking down on illegal and criminal activities such as related illegal financial activities in accordance with the law. (Xinhua News Agency)

Recently, 11 departments including the Beijing Municipal Development and Reform Commission jointly issued the "Beijing Further Strengthening Energy Conservation Implementation Plan". The plan emphasizes that the petrochemical and cement industries will be strictly controlled and the annual energy consumption scale will be reduced. The rectification of data centers with low energy efficiency and violations, and the investigation and removal of virtual currency "mining" activities.

digital currency

Jefferies Adds 5% to Bitcoin Exposure to Asia Portfolio

Christopher Wood, global head of equity strategy at multinational financial services firm Jefferies, cut gold exposure in his Asia ex-Japan portfolio by 5% in favor of bitcoin. It is reported that Jefferies, which manages assets worth $440 billion, first cut its gold exposure as early as December last year to get involved in bitcoin. (U. Today)

Tether issued an additional 1 billion USDT on the Ethereum chain

According to Whale Alert data, at 22:47 on November 4, Beijing time, Tether, the USDT issuer, issued an additional 1 billion USDT on the Ethereum chain.

NFT Data Daily: CyberKongz’s 24-hour trading volume increased by 262.20%
Axie Infinity（+3.43%）、CryptoPunks（+147.48%）、Farmers World（+60.66%）、Bored Ape Yacht Club（-14.29%）、The Sandbox（-24.91%）、CrypToadz（+185.35%）、Parallel Alpha（-49.55%）、Desperate ApeWives（ +174.75%）、Mutant Ape Yacht Club（+49.67%）、CyberKongz（+262.20%）。
According to the latest data from CryptoSlam, the top ten NFT projects in terms of trading volume in the past 24 hours and their trading volume rise and fall are as follows:

Among them, the 24-hour trading volume of CyberKongz led the rise (+262.20%), at $1.236 million; the 24-hour trading volume of Parallel Alpha led the decline (-49.55%), at $2.15 million.

NFT game startup Mythical Games completes $150 million in Series C financing, led by a16z

Investment and Financing

Gaming Startup Faraway Closes $21M Series A Funding Led by FTX and Lightspeed Venture Partners

Game start-up studio Faraway completed a $21 million Series A financing, led by FTX and Lightspeed Venture Partners, with participation from a16z, Solana, Jump Capital, Sequoia Capital, and Pantera Capital.
Faraway revealed that it has raised nearly $30 million to date, including a seed round of more than $8 million earlier this year (raised in secrecy). The startup was co-founded by Alex Paley and Dennis Zdonov, who, along with CTO Duc Nguyen, have a long history of developing midcore mobile games. (Decrypt)

NFT game startup Mythical Games completes $150 million in Series C financing, led by a16z

After completing a $75 million Series B round of financing less than four months ago, NFT game startup Mythical Games today announced the completion of a $150 million Series C round led by a16z, with a company valuation of $1.25 billion. D1 Capital, RedBird Capital, The Raine Group and exchanges Binance and FTX participated in the investment, and existing investors Galaxy Interactive, WestCap, 01 Advisors, Javelin Partners, Struck Capital, Alumni Ventures and Signum Growth Investments followed up.
Enjin established a $100 million Efinity Metaverse Fund, which will fund Enjin ecological developers to build a metaverse

Enjin established a $100 million Efinity Metaverse Fund, which will fund Enjin ecological developers to build a metaverse

Blockchain game development platform Enjin has launched a $100 million Efinity Metaverse Fund to formally support Enjin's ecosystem partners and help enable a decentralized Metaverse. The fund will be used for Enjin ecosystem integration (Wallet, NFT trading market, etc.), Metaverse projects (built on Efinity and Polkadot), games (AR/VR, e-sports, immersive entertainment, virtual events, etc.), NFT applications, Decentralized infrastructure, groundbreaking projects, and more. At the same time, the team will consider making equity investment in the seed round or A round of financing, and purchasing new project native tokens for use in the ecosystem. Efinity, developed by the Enjin team, is a Polkadot-based NFT public chain.

Binance Announces the Launch of a €100 Million Program in France to Support the Development of the French and European Blockchain and Cryptocurrency Ecosystem
According to official news, Binance (Binance) announced that it has cooperated with France FinTech (a non-profit association whose mission is to promote the excellence of FinTech in France) to launch a plan worth 100 million euros "Objective Moon" (Objective Moon) to Support the development of the blockchain and cryptocurrency ecosystem in France and Europe.
Binance CEO Changpeng Zhao said: “Binance highly recognizes the quality of French and European talents in the fields of technology, cryptocurrency and blockchain. We believe that with the investment and launch of Binance’s main business in France, France and Europe can become the leading players in the blockchain and blockchain industry. A global leader in the crypto industry.”

global policy

Spain’s central bank is asking the country’s leading financial institutions to provide information on their crypto-related plans for the next three years. The central bank requires banks to provide information about their relationships with crypto service providers, stakes in crypto companies, and exposure to cryptocurrencies. The central bank also asked banks whether they planned to issue tokens or provide custody, trading or payment services for cryptocurrencies, and outlined any initiatives to market products or provide services to customers through digital platforms over the next three years. According to unnamed Bank of Spain sources, the aim is to understand the "possible impact of the ongoing process of digitization and financial innovation". (CoinDesk)

Character·Voice

Justin Sun: In the future, the wave field ecology will also invest 50% of its energy in the construction of the metaverse to create an era of Wanchain interconnection
On November 4th, TRON founder Justin Sun participated in the "NFT BUSAN 2021" online event organized by the Busan City Government and the Busan Blockchain Industry Association, and was invited to accept an exclusive interview on the Metaverse social platform "Gather Town".

In an exclusive interview, Justin Sun mentioned that in recent years, many countries represented by South Korea have gradually increased their acceptance of the encryption industry, creating a more inclusive environment for the development of NFT and Metaverse. Metaverse will become the development trend of the times. TRON has always been committed to building the next generation of Internet and financial facilities. Currently, the daily settlement amount has reached 10 billion US dollars, and it is in a leading position in many popular fields such as DeFi, NFT, DApp, stable currency, and distributed storage. In the future, the TRON ecology will devote 50% of its energy to the construction of the metaverse and create an era of Wanchain interconnection.

Microsoft President: All Tech Giants Will Enter the Metaverse
Microsoft President Brad Smith said in an interview at Web Summit Europe on Wednesday that all the tech giants will enter the Metaverse, with companies like Facebook, Microsoft, Google and Apple likely to develop their own versions. Smith thinks it's important not to let the hype overshadow long-term technology trends: "I think the Metaverse is going to be huge and very important. It has to protect privacy and digital security and prevent disinformation and manipulation." He said: "We We're talking about the metaverse, as if we're going into some new dimension. But it's not like a paradise we go to when we die. We'll still be living in the real world with people." Collaborate in order to promote interoperability.

According to previous news, Microsoft is testing the enterprise metaverse and is expected to launch it in the first half of next year. (Reuters)

Fed chair: Expecting strong economic growth this year, now is not the time to raise rates

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