headlines
headlines
Sui co-founder: Sui already supports the Groth16 zkSNARK algorithm
At the same time, the Sui Github interface shared by Kostas shows that the module about Groth16 has been submitted today.
FTX to initiate a strategic review of its global assets
Odaily News FTX announced that as part of the bankruptcy process, it will initiate a strategic review of its global assets to maximize recoverable value.
FTX debtors have hired Perella Weinberg Partners LP (PWP) as lead investment banker and have begun preparations to sell or restructure certain businesses. John J. Ray III, FTX's new CEO, stated that based on the review over the past week, he has learned that many of FTX's regulated or licensed subsidiaries in and outside the United States have solvent balance sheets, responsible management and valuable The first priority in the coming weeks is to explore a sale, recapitalization or other strategic transaction related to these subsidiaries and others identified.
The Ren team revealed that the current funds are only enough to develop until the end of the fourth quarter, and the remaining funds of the project are about 160,000 US dollars. Now, Ren hopes to secure funding from other sources. The team revealed Friday that it is exploring various opportunities with community members. These choices will likely be voted on by the RenDAO community. In addition to securing new funding, the Ren team hopes to launch the latest version of the protocol, Ren 2.0. (The Block)
The Ren team revealed that the current funds are only enough to develop until the end of the fourth quarter, and the remaining funds of the project are about 160,000 US dollars. Now, Ren hopes to secure funding from other sources. The team revealed Friday that it is exploring various opportunities with community members. These choices will likely be voted on by the RenDAO community. In addition to securing new funding, the Ren team hopes to launch the latest version of the protocol, Ren 2.0. (The Block)
Industry news
Industry news
St. Kitts and Nevis intends to make BCH legal tender in 2023
The Prime Minister of St. Kitts and Nevis, Terrance Micheal Drew, also revealed that St. Nishi officials are willing to participate in bitcoin cash mining. Terrance believes that cryptocurrencies represent a "future opportunity" and that the plan will come into effect once regulators reassure consumers that they will receive maximum protection. (Crypt Potato)
Binance Announces It Will Burn Some Unused BTokens
Odaily News Binance announced that it will destroy some unused BTokens. This is standard procedure for maintaining the necessary wrapped asset supply on the BNB chain. The following are the BTokens that will be destroyed: 800,000 Binance-pegged ETH, 280,000 Binance-pegged KMD, 550,000 Binance-pegged BAL, 300,000 Binance-pegged EGLD, 140,000 Binance-pegged FIRO, 170,000 Binance-pegged TRX, 73,500 Binance-pegged BCH.
Grayscale: All assets are safely stored in Coinbase Custody, but the specific address information will not be disclosed
Odaily News Grayscale (Grayscale) officially issued an article today to respond to some recent rumors in the community.
Grayscale also stated that the underlying digital assets of all its products are stored under the custody of Coinbase Custody, and the company will conduct on-chain verification from time to time. For security reasons, Grayscale will not disclose information on the chain, or disclose relevant confirmation information through reserve certificates and other accounting procedures.
According to the report, due to the complexity of the FTX bankruptcy process, it may take years for customers to recover their funds, and it is likely that they will only receive a small portion of their deposited funds as compensation. Wall Street brokers hope to buy customer asset claims at a discount. This practice is common in bankruptcy, and investors can recover some of their money more quickly by assigning their claims to specialized companies willing to participate in the pursuit of greater profits. However, considering the uncertainty of the bankruptcy process, it is still a question of whether any funds on the FTX platform can be obtained smoothly. Currently, investment banks/brokers are only willing to purchase customer claims at a price of less than 10% off. (New York Times)
Project News
Project News
LayerZero goes live on the Metis Goerli testnet
Odaily News The interoperability protocol LayerZero announced that it has been launched on the Goerli test network of Ethereum scaling solution Metis.
IOG CEO Charles Hoskinson said at an event held at the University of Edinburgh in Scotland on Friday that Midnight, based on zero-knowledge proof technology, is one of many sidechains currently deployed around Cardano and will surpass previous ones by providing zero-knowledge proof smart contracts. A privacy coin project, the network will strive to preserve privacy while allowing access to regulators and auditors. (CoinDesk)
Cardano to Launch New Privacy Sidechain Midnight
Odaily News IOG (Input Output Global), the development company behind Cardano, will launch a new privacy-focused blockchain, Midnight, and a token called "dust".
IOG CEO Charles Hoskinson said at an event held at the University of Edinburgh in Scotland on Friday that Midnight, based on zero-knowledge proof technology, is one of many sidechains currently deployed around Cardano and will surpass previous ones by providing zero-knowledge proof smart contracts. A privacy coin project, the network will strive to preserve privacy while allowing access to regulators and auditors. (CoinDesk)
Metaverse GameFi and NFT
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X2Y2 announces it will enforce royalties on all NFTs
Odaily News X2Y2 announced that it will enforce royalties for all collections. An hour ago, X2Y2 used OperatorFilter to remove the "flexible royalty" setting for all newly listed NFTs. In order to obtain a more unified and smoother user experience, royalties are also levied on listed NFTs.
Investment and Financing
Singapore GameFi Ecosystem Company DEA Receives Investment from Rakuten Group
Singapore GameFi Ecosystem Company DEA Receives Investment from Rakuten Group
DeFi infrastructure Revv completes $5.5 million in financing, led by Libertus Capital
Adi Dommaraju, founder of Revv, said that he hopes to combine the practices of TradFi and Web2 with the encryption-native experience to build new DeFi products.
Adi Dommaraju, founder of Revv, said that he hopes to combine the practices of TradFi and Web2 with the encryption-native experience to build new DeFi products.
global policy
global policy
Amendment to Russia’s Digital Assets Law Aims to Allow Mining, Ban Crypto Trading and Ads
Lawmakers have submitted a bill to amend the law "On Digital Financial Assets" that will be in effect from January 2021. Under the proposed terms, crypto mining activities would be overseen by a special agency appointed by the government. The executive power will also coordinate with the Central Bank of Russia to determine the requirements for legal entities or individual entrepreneurs wishing to set foot in the industry. If passed, the new legislation would prohibit advertising or other forms of promoting crypto assets to an unlimited audience. (News Bitcoin)
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Ripple CEO: Interested in buying part of FTX assets
Brad Garlinghouse also revealed that SBF called him two days before FTX filed for bankruptcy, trying to call investors to save FTX. In an interview with The Sunday Times on the sidelines of the Ripple Swell conference in London on Nov. 16-17, he claimed that Ripple "wanted to own" the FTX business because SBF owns what Ripple wants to own...and absolutely It can be discussed on the table. Brad Garlinghouse added, “I’m not saying we won’t consider (a deal) — I believe we will, but it’s a harder path to go.” (Cointelegraph)
Vitalik issued an article discussing the security of CEX: hoping to make the exchange close to non-custodial technically
Odaily News In response to the FTX incident, Vitalik Buterin issued an article "Safe CEX: Proof of Solvency", discussing the history of attempts to make exchanges closer to trustless, the limitations of these technologies, and some new, more powerful ones ideas, which rely on ZK SNARKs and other advanced technologies.
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