Produced by Odaily
Author | Wang Ye
Editor | Lu Xiaoming
Produced by Odaily
Author | Wang YeEditor | Lu Xiaoming
The biggest highlight overseas last week was that Zuckerberg attended the hearing of the Financial Committee of the U.S. House of Representatives on Libra, answering all the regulators' questions about Libra, but Zuckerberg's answer seemed to satisfy the regulators, and the hearing During the meeting, BTC experienced a cliff-like decline. In the past five months, BTC fell below $7,500 for the first time.
"Libra in a dilemma"
Star Project Progress
According to Forbes, people familiar with the matter said that most of the investors in the Telegram blockchain project TON decided not to ask for a refund of the funds invested in the project, and agreed to postpone the launch of TON until April next year.
Kusama completed the upgrade and is expected to officially switch to PoS this week
Gavin Wood, the founder of Polkadot, said on his personal blog on October 27 that Kusama has been updated to the PrePoS version. Starting from this upgrade, the council election module has been enabled, which means that candidates can now be submitted and elected as the Kusama council . Kusama expects to finally switch to PoS next week, starting with 50 validators and then increasing to 100 or more. It is reported that Kusama is Polkadot's advanced network, and its design is similar to Polkadot. In order to ensure the stable operation of the Polkadot mainnet, the Polkadot team will take the lead in launching the Kusama network.
Algo Capital said it will not sell the first 100 million Algos it holds as an exclusive asset
On October 25th, Algo Capital announced its funding sources and operations on its official blog, and stated that so far, Algo Capital has received approximately 111,867,820 Algos from limited partners. The remaining funds from the limited partners of the Algo Capital VC fund will be donated to the fund over the next 2 to 5 year investment period through monthly capital calls. In the next few years, Algo Capital will use the first batch of 100 million Algos obtained from limited partners as the exclusive assets held by the fund. In addition, the article pointed out that, in any case, Algo Capital does not intend to sell the first 100 million Algos it holds as an exclusive asset.
The Filecoin testnet will be released soon, and the recruitment of volunteers has started
The Filecoin team is gearing up to launch the testnet in December 2019 and the mainnet in March 2020. Before launching, Filecoin requires a secure trusted setup ceremony. Filecoin is looking for volunteers to join our trusted setup ceremony to help launch Filecoin safely.
The decentralized lending platform Dharma has announced the official launch of a new version. At present, the asset scale of the platform has reached 1.5 million US dollars, and the current annualized interest rate is 7.4%.
Tezos announces that zk-SNARKs will be the network’s next protocol amendment
Tezos (XTZ) announced on Oct. 23 that zk-SNARKs will be the next protocol amendment on the network, and through this improvement, the network will have the potential to provide solutions for new clients including commercial banks and central banks. The new improvements will provide "finetuned privacy" to the Tezos network, which is important for improving the usability of Tezos. Additionally, the upgrade will provide a new Michelson instruction that allows smart contracts to store and execute transactions on shielded blockchains.
Litecoin Wants MimbleWimble Through Block Scaling
New rewrite of Haskell Cardano coming in January 2020
EOS Latest Developments
Please refer toOdailyETH Weekly Report
The latest developments in ETH
Please refer toOdailyETH Weekly Report
Recent progress of BTC
Please refer to OdailyBTC Weekly Report
Investment and financing overview
Please refer to OdailyBTC Weekly Report
Investment and financing overview
Zamna raises $5M in seed funding to use blockchain to automate airport security checks
Zamna has raised $5 million in seed funding, led by venture capital firms LocalGlobe and Oxford Capital, with investors including SeedCamp, London Common Investment Fund (LCIF), Telefonica and a number of angel investors. Zamna leverages blockchain to securely share and verify data between airlines and travel authorities to check passenger identities. (Tech Church)
South Korean blockchain startup Coinplug raises $6.4 million
South Korean bitcoin exchange, wallet and payment startup Coinplug has completed a 7.5 billion won ($6.4 million) Series B2 round of funding from KB, the venture capital arm of KB Financial Group, South Korea's largest commercial bank. Investment, Mirae Asset Venture Investment, a listed subsidiary of Mirae Asset Daewoo, Korea's largest investment bank and stockbroker by market capitalization, and Smilegate Investment, a private equity and venture capital firm.
Online bank Current raised $20 million in Series B financing, with investors including Galaxy Digital’s EOS venture capital fund, asset management firm Wellington Management Company and CUNA Mutual Group’s venture capital arm CMFG Ventures, among others, bringing its total funding to $45 million.
Decentralized P2P crypto trading platform SIBEX raises $1.8 million in seed round
Swiss decentralized peer-to-peer (P2P) cryptocurrency trading platform SIBEX AG has raised CHF 1.78 million (approximately $1.8 million) in a seed round. Investors including Chinese venture capital firm Fenbushi Capital, Swiss stock exchange group SIX and blockchain investment firm Accomplice VC all participated in the round.
Galaxy Digital to Launch 2 New Bitcoin Funds in November
Galaxy Digital Asset Management, a subsidiary of Galaxy Digital, will launch two bitcoin funds in November, according to sources. Galaxy Digital will provide accredited investors with low-fee, institutionally managed exposure to Bitcoin and will make seed investments in both funds. The Galaxy Bitcoin Fund has a minimum investment of $25,000 with an option to redeem quarterly.
Blockchain Ventures Invests in Blockchain Game Development Company Enjin
Enjin, a blockchain game development company, announced last Tuesday that it has received an undisclosed investment from Blockchain Ventures, the venture capital arm of Luxembourg-based crypto development and investment group Blockchain. Blockchain Ventures is said to be Enjin’s first equity investor.
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