On March 1, according to the New York Times, Facebook is developing a cryptocurrency designed to allow users of its instant messaging application WhatsApp to send funds directly to their friends and family. The cryptocurrency is likely to be a stablecoin pegged to traditional fiat currencies, but not simply to the U.S. dollar, but to a basket of different foreign currencies. This means that Facebook may hold a certain amount of dollars, euros, or other national currencies in its own bank account to support the value of each "Facebook Coin".
Overseas heavy broadcast
Overseas heavy broadcast
New York Times: Facebook is expected to issue coins in 2019
Facebook is working on a cryptocurrency that would allow users of its messaging app WhatsApp to send money directly to friends and family, according to five people with knowledge of the matter.
According to the above-mentioned people familiar with the matter, Facebook is starting more than that. They are approaching some cryptocurrency exchanges, which may sell Facebook's upcoming cryptocurrency to ordinary consumers through exchanges.
On March 1, Overstock announced that GSR Capital’s investment in tZero’s equity and the purchase of 3.1 million Overstock shares have not yet reached a final agreement.
It is reported that in August last year, GSR announced that it would invest US$270 million in tZero, a subsidiary of Overstock, and obtain an 18% stake in tZero. In addition, GSR will purchase about 3.1 million shares of Overstock at a price of nearly US$105 million. Invest $30 million to participate in tZero's ICO. The total amount of the above transactions is as high as 404 million US dollars. It was originally planned to be completed on December 15, 2018, and then postponed to February this year. The new announcement means that in the transaction with a total value of about 400 million US dollars, the purchase of Overstock shares and participation in the tZero ICO transaction have expired, leaving only the equity investment in tZero. Considering that Makara Capital also participated in the investment, the Funding has dropped from $270 million to under $100 million.
Court dismisses former Mt. Gox CEO's lawsuit, another hearing set for May 1
On March 1, a court dismissed a lawsuit against former Mt. Gox CEO Mark Karpeles. Earlier last week, Karpeles filed a motion to stay the lawsuit against plaintiffs Gregory Greene and Anthony Motto. It is reported that the plaintiffs filed a lawsuit saying that they believed that Karpeles was "personally responsible" for the losses caused by investing in Bitcoin through Mt. Gox. However, a judge in the Northern District of Illinois ruled on February 28 that Karpeles' motion was denied. After the lawsuit was dismissed by a judge, another hearing will be held on May 1.
Overseas new project express
Overseas new project express
PledgeCampPledgeCamp aims to increase trust in crowdfunding campaigns by using smart contracts on the Ethereum blockchain. Entrepreneurs running campaigns delay milestones, fail to deliver on promises, leave campaign participants without redress, and platforms like KickStarter and IndieGoGo continue to collect fees without fixing the problem. Likewise, without incentives for users to cultivate networks, these networks will not develop to their full capabilities. PledgeCamp will provide entrepreneurs with the protocol, tools, and platform to raise capital in a transparent manner, provide safety and security, and provide the means to campaign for goals through user-coordinated incentives.
PledgeCamp aims to increase trust in crowdfunding campaigns by using smart contracts on the Ethereum blockchain. Entrepreneurs running campaigns delay milestones, fail to deliver on promises, leave campaign participants without redress, and platforms like KickStarter and IndieGoGo continue to collect fees without fixing the problem. Likewise, without incentives for users to cultivate networks, these networks will not develop to their full capabilities. PledgeCamp will provide entrepreneurs with the protocol, tools, and platform to raise capital in a transparent manner, provide safety and security, and provide the means to campaign for goals through user-coordinated incentives.
Minisketch—Reduce node bandwidth requirements
Minisketch was jointly developed by Blockstream team members Pieter Wuille and Gleb Naumenko and former colleague Greg Maxwell. "(Set Reconciliation Relay, SRR for short), which reduces the bandwidth required to synchronize data in a distributed system. The goal of SRR is to drastically reduce the bandwidth requirements for running a Bitcoin full node.
The configuration reconciliation implemented by Minisketch can use bandwidth more efficiently. Instead of simply sending all the data columns, it allows the node to generate a "sketch" of the data columns by itself. The node then sends this "sketch" to other nodes for comparison. The size of this "sketch" is only related to the desired number of differences between nodes, not to the size of the entire data set. Still, nodes are able to determine which data they need from other nodes.
Membrana— Decentralized digital asset trust management platform
Membrana is a decentralized blockchain platform that provides individuals (including investors and traders) with a unique crypto asset trust management algorithm for trading cryptocurrencies. The algorithm is based on the exchange's API key and the Ethereum smart contract, enabling mutual benefit for both parties. Smart contracts control transactions through internal algorithms, automatically process profits and award them.
EOS Latest Developments
Star Project Progress
EOS Latest Developments
Please refer to Odaily'sThe latest developments in ETH
The latest developments in ETH
Please refer to Odaily's"ETH Weekly Report | Ethereum completes double fork; ETH price continues to fall (2.25-3.3)"
Grin — announce scope of upgrades for v1.1.0
Minutes of Grin's recent biweekly development meeting were released. There were 11 participants. The content of the meeting was the v1.0.2 release plan, the upgrade scope of v1.1.0, and the discussion on the error management mechanism. The functions considered for V1.1.0 include wallet support for Windows systems, Dandelion protocol, CPU usage efficiency improvement, etc.;
Fetch.AI sold out within 22 seconds after listing on Binance Launchpad, FET opened 5 times
Binance Launchpad launched Fetch.AI (FET) on February 25th. Binance founder Zhao Changpeng tweeted that a total of 24,000 people pre-signed the user agreement, 19,860 people successfully submitted the purchase order, and 2,758 people finally completed within 22 seconds. Successfully snatched. It is reported that a total of 69,204,152 FETs were sold this time, and the price of each FET was 0.008584BNB. At 18:00 on February 28th, the crowdfunding FET went online, opening 5 times.
Blockstream will release new features related to Lightning Network
Investment and financing overview
Investment and financing overview
The specific financing events are as follows:
The specific financing events are as follows:
1.Blockchain startup Nivaura secures $20 million in funding led by LSE
On February 28, according to recent foreign media reports, Nivaura, a blockchain startup led by the London Stock Exchange Group (LSEG), completed its second seed expansion round of financing, with a total financing of $20 million.
The latest round of investors, announced on February 28, also includes InnoVentures, the venture capital arm of Spanish bank Santander, Linklaters and Orrick, pension fund and asset management giant Aegon ), MiddleGame Ventures, Digital Currency Group (DCG), and Spencer Lake, former head of global markets at HSBC.
On March 1, Aegis, a digital currency custody service provider, announced the completion of a US$4 million Series A financing, led by Hong Kong Fosun Group. The company also announced that it has signed a contract with Eliconn to provide the latter with cryptocurrency asset custody services. Aegis officially launched the cryptocurrency custody service in January this year, with the goal of providing multi-layer cold wallet custody services to large institutions such as exchanges and cryptocurrency funds. Jinglian Technology has previously advertised that it is a subsidiary of Taiwanese manufacturing giant Foxconn engaged in blockchain business, but it has never been officially confirmed by Foxconn.
3.Blockchain Fund Backed by Roger Ver Secures $22M in Funding
Switzerland-based Pangea Blockchain Fund debuted on Feb. 27 after closing a $22 million seed round backed by investor Roger Ver. It is reported that Pangea expects to raise a ceiling of US$200 million. Other investors participating in this round of financing also include Copernicus Asset Management, a Swiss company regulated by the Swiss financial market regulator, which will also serve as the investment manager of the fund.
4.BoxToken Receives OneBoat’s Million Dollar Angel Round Financing
According to news on February 27, BoxToken’s new product Mars Project received a million-dollar financing from OneBoat. The product currently being developed by BoxToken is also a custodial wallet, which focuses on safety and simplicity, with the goal of "Alipay in the blockchain field".
5.Wallet Developer Curv for Institutional Investors Closes $6.5M Funding Led by DCG
On February 27, Curv, a wallet developer for institutional investors, completed a financing of US$6.5 million. DCG, a well-known blockchain investment institution, and Team8, an Israeli Internet security company, led the investment. Other participating institutions included Monex Group, Flybridge Capital, and Jump Capital. and Liberty City Ventures. Curv was founded by computer security expert Itay Malinger. Its wallet product claims that it will "no longer need the concept of a key", but will use multi-party computing (MPC) technology to ensure the security of transactions and implement signatures. Itay Malinger worked for the Israeli government, then joined Akamai, a CDN service provider in the United States, to be in charge of enterprise security products, and founded Curv in 2017.
On February 27, the Ontology Foundation announced to invest in GoWithMi, a high-dimensional earth, with a total amount of up to one million US dollars. Based on Ontology technology, the two parties will focus on virtual digital land rights to promote the construction of chain network service infrastructure and life-oriented applications in Indonesia and other Southeast Asian markets. It is reported that GoWithMi has reached cooperation with China Beidou Civil Center, Grab, Honda, Toyota and other companies, and has received investment support from Dr. Tao Chuang, a top global map expert, PreAngel, and Manzi Fund. At present, its DApp has 1.2 million download users in Indonesia, and it aims to add 10 million Southeast Asian users in 2019.
7.Blockchain lending firm Figure raises another $65 million, bringing total funding to $120 million
On February 28, blockchain lending company Figure announced that within five days of launching an online home equity loan using blockchain technology, it had received an additional $65 million in investment from DCG, Nimble Ventures, Morgan Creek, and previous round investor Ribbit Capital and DCM participated in the round. Figure was founded by Mike Cagney, the founder of US online lending unicorn SoFi. Its loan products include home equity lines of credit, home improvement loans and family retirement repurchase loans. The company received $50 million in investment in 2018, with participation from Ribbit Capital, DCM, and Mithril Capital Management.
8.Cryptocurrency data provider Coin Metrics raises $1.9 million, Fidelity and Dragonfly participate
On February 28, Coin Metrics, a cryptocurrency data provider, announced the completion of $1.9 million in financing, led by Castle Island Ventures, with participation from Fidelity Investments, Highland Capital and Dragonfly Capital. Founded in 2017, Coin Metrics was originally an open-source blockchain data and analysis project. It relied entirely on donations and a small amount of sponsorship to obtain operating funds. After changing the CEO in November last year, it was time to turn to expand institutional investor customers and start investing in professional institutions. A company that provides blockchain data analysis to investors, with the goal of providing services to large cryptocurrency hedge funds.
9."ZBT Community" completed 50 million RMB PreA round of financing
On February 28, the ZBT global game asset trading community recently completed a PreA round of financing of about RMB 50 million. The investors are Qingrui Venture Capital and Lianchuang Investment Xu Hanjie. Provide certain financial support for the globalization construction, operation and development. Previously, C5game, a brother company of ZBT, had obtained elementary particles, which was far better than investing tens of millions of RMB.
10.Global Blockchain Media CoinON Receives Strategic Investment from GVC Gravity Capital
On February 28th, Global Blockchain Media"CoinON"Received strategic investment from GVC Gravity Capital.
11.Yifu Wallet IFWallet will complete the latest round of financing, led by BCH Ecological Fund
IFWallet announced that it will complete a new round of financing in the near future, led by BCH Ecological Fund, followed by RockMiner and ViaBTC. The specific financing amount has not been disclosed, and the post-investment valuation is tens of millions of RMB. IFWallet is a dual-core digital currency wallet with self-holding private key + cloud. It supports modules such as red envelopes and application browsers. It is very popular in the BCH and BSV Chinese communities. IFWallet said that it will release coin deposit wealth management, blockchain games and other businesses in the future, and open up overseas markets, and finally upgrade to IF (Iot Factor) to build applications and IoT ecosystems.
12.Cross-chain payment technology developer Kava Labs raises $1.2 million
On March 1, Kava Labs, a developer of cross-chain payment technology, announced the completion of US$1.2 million in financing. This round of financing was led by Lemniscap and Digital Asset Capital Management. Kava Labs develops cross-chain technology to achieve interoperability between blockchains, wallets and exchanges, enabling instant cross-chain payments. Ripple's Xpring, Coil Technologies, 2020 Ventures, Arrington Capital, Hard Yaka, Robot Ventures and UniValues Associates also invested in Kava Labs in this round.
13.Cryptocurrency broker Voyager acquires wallet company Ethos.io for $4 million
On March 1, Voyager, a virtual currency brokerage platform, announced the acquisition of wallet company Ethos.io for $4 million. Voyager, which provides cryptocurrency trading solutions for retail and institutional investors, has just listed on the TSX Venture Exchange in Canada.
14.Trading Platform VALR Raises $1.5 Million in Seed Round, Led by Bittrex
On March 1, the South African trading platform VALR received US$1.5 million in seed round financing, led by the American cryptocurrency exchange Bittrex. Bittrex CEO Bill Shihara said VALR will support 50 cryptocurrencies and will be available to the public on March 1.
15.Rakuten Wallet accepts Rakuten Card Additional investment of 1.38 billion yen
On March 1, Rakuten Wallet (former cryptocurrency exchange Minnano Bitcoin) announced that it will accept an additional investment of 1.38 billion yen from Rakuten Card. The funds will be used to strengthen the financial foundation, expand the business and improve the convenience and security of the service.
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