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Block Weekly: Will Polkadot be a new starting point for the bull market; Filecoin launches a testnet reward program
区块链研习社
特邀专栏作者
2020-08-27 05:06
This article is about 3583 words, reading the full article takes about 6 minutes
An overview of the best of the week: hot news, selected articles, digital assets, investment and financing information.

Keywords of this issue:

Keywords of this issue:

Polkadot has completed the DOT split, the Ethereum 2.0 testnet has been launched, Filecoin has launched the testnet reward plan, DeFi swallowed CeFi, NXM’s value capture, DeFi expansion, Layer 2, Grayscale holds 6 billion US dollars, and Uniswap V2 gas fee tops the list.

1. In the past 30 days, the transaction fee of Uniswap V2 ranked first in the gas fee list of Ethereum, with a total amount of nearly 7 million US dollars

On August 19, ETH Gas Station data showed that in the past 30 days, the transaction fee of the decentralized exchange Uniswap V2 has reached nearly 7 million U.S. dollars, surpassing Tether USD (6.39 million U.S. dollars), ranking first in the list of Ethereum Gas fees .

2. Ethereum 2.0 testnet Medalla is up and running

On August 20, according to Trustnodes, the Ethereum 2.0 testnet Medalla was up and running again. Although the participation rate of validators has increased a lot, the participation rate has just fluctuated significantly.

3. The Suzhou police cracked a virtual currency hacking case involving more than 30 million yuan

On August 20, according to Xinhua News Agency, the reporter learned from the Public Security Bureau of Suzhou City, Jiangsu Province on the 20th that in the special operation of "Clean Network 2020", the city cracked a hacking crime against virtual currency and arrested many suspects. . The suspect specially used hacking methods to steal account passwords and virtual currency, and contacted professional money laundering and sales gangs through the dark web to realize the cash, involving more than 30 million yuan. By sorting out the direction of the stolen virtual currency, the police of the task force identified a family-owned currency laundering gang hiding in Kunming, Yunnan, and Guangzhou, Guangdong. The gang arrested four suspects of money laundering headed by Yao.

4. The Hong Kong Securities Regulatory Commission has approved in principle OSL to obtain a virtual asset automatic trading and brokerage license

According to Reuters news on August 22, the Hong Kong Securities Regulatory Commission (SFC) has agreed in principle to issue a license to the cryptocurrency trading platform OSL Digital Securities, a subsidiary of BC Technology Group. When OSL meets the conditions required for final approval, the license will allow OSL to provide brokerage and automated trading services for digital assets, including security tokens.

5. Polkadot has completed the DOT split

On August 22, at 00:48 Beijing time, Polkadot reached the block height of 1248328, and the DOT split (1:100) has been completed. The current price of a single new DOT is about 2.97 US dollars. Note: After the split, there will be 1 billion DOT in the genesis block, and the proportion of DOT owned by token holders in the total supply will not change, nor will it affect the total value of tokens held.

6. Filecoin has launched the testnet reward program, and the mainnet will be launched in mid-to-late September

On August 24, the distributed storage project Filecoin (FIL) announced to update its roadmap and launch the testnet reward program Filecoin Space Race. The mainnet launch time is in mid-to-late September. It is reported that the Filecoin Space Race will last for three weeks, with a total reward of 4 million FIL, aiming to stress test the network.

1. What kind of future can be launched by dismantling Uniswap? DeFi will eat CeFi!

Once DeFi can trade any asset, support large transactions and have low slippage, then DeFi will be more attractive than CeFi. One day, the idea of ​​DeFi swallowing CeFi will no longer seem strange. That day will be later than most people think, but it will also exceed the expectations of most CeFi people.

2. A brief analysis of the business model and value capture of the popular DeFi insurance platform Nexus Mutual

NXM's price rise is largely supported by the fundamentals of its business. If the amount of insurance purchased is rising, the price of NXM will also rise. An important consideration for long-term investment in NXM is whether you are optimistic about the competitiveness of its insurance business. From this perspective, NXM also has certain uncertainties. If its insurance business is preempted by newcomers such as YFI, it may affect its value capture.

3. Will the soaring Polkadot be the starting point of a new bull market?

In 2020, the market ushered in a small bull market, and blockchain technology has also made breakthroughs in applications. The implementation of the cross-chain protocol will become an important turning point in the development of blockchain technology, and Polkadot has attracted much attention from the market. All kinds of good news about Polkadot also followed: the three online exchanges, fundraising, transfers, token splits at 1:100, and parachain slot auctions are about to begin. What opportunities will Polkadot bring us? Is it on track to overtake Ethereum?

4. How to solve the DeFi expansion problem through zero-knowledge proof?

Banking services for the unbanked"Banking services for the unbanked"famous saying. This vision is being undermined by the increased barriers to entry for small market players due to the competitive nature of the market and the current scalability limitations of the Ethereum network. ETH 2.0 is still far away, so the DeFi space will be forced to implement layer-2 solutions, or risk sacrificing its vision of creating a permissionless financial system with low barriers to entry.

1. Holding a position of 6 billion US dollars, the secret behind the grayscale layout of cryptocurrency

Funds can only come in and out, locked for 6 months or 12 months, buy 120% of the total Bitcoin mining in half a year, the highest premium of ETHE exceeds 900%, arbitrage... With the blessing of these labels, 2020 Years of grayscale investment has become the most beautiful landscape in the encryption field. But behind these words is the encryption kingdom composed of US securities laws, Wall Street institutions, and hedge funds. This interview presents you a comprehensive Grayscale investment empire.

2. Understand the cryptocurrency prime brokerage industry laid out by giants such as Coinbase

2020 is the year when the main cryptocurrency brokerages slowly surfaced. The publicly announced players include Coinbase, Genesis Trading, BitGo, etc. Cryptocurrency prime brokerage is a new business model that has emerged in the past two years. It combines the characteristics of traditional financial prime brokerage and cryptocurrency trading, and mainly relies on the vigorous development of crypto funds and the growth of the derivatives market. This article introduces the cryptocurrency prime brokerage business from the subdivisions of aggregate trading, lending, custody, and OTC.

3. The wonderful story of DeFi: Some people get rich, some become farmers, and some think it is a scam

DeFi has become the hottest hot spot in the currency circle. In mid-June, Compound launched "liquidity mining" and launched "borrowing is mining", and the price of COMP skyrocketed, increasing 6 times in 3 days. After that, various "monster" DeFi tokens took turns, and it was easy to increase by three or five times, ten times or a hundred times. But seeing the newcomers laugh, how can I hear the old ones cry. Those "classical leeks" guarding Bitcoin have become the object of ridicule.

1. Robinhood completes $200 million in Series G financing, with a valuation of $11.2 billion

On August 18, Robinhood, a San Francisco-based stock and cryptocurrency trading platform, has completed a $200 million Series G round of financing. The investor is D1 Capital Partners, and the company is currently valued at $11.2 billion.

Robinhood raised an additional $320 million from existing and new investors in July at a valuation of $8.6 billion after completing a $280 million Series F round in May, bringing the Series F round to a total of 600 million US dollars, investors include Sequoia Capital (Sequoia Capital), NEA, Ribbit Capital, 9Yards Capital and Unusual Ventures, etc.

Robinhood originally launched its cryptocurrency trading service in February 2018.

2. BlockFi completed a $50 million Series C financing led by Morgan Creek Digital

On August 20, BlockFi, an encrypted asset lending platform, announced the completion of a $50 million Series C financing led by Morgan Creek Digital. Other investors include Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital, HashKey, NBA player Matthew Dellavedova, and two college funds.

The round of funding will be used to continue growing its fast-growing lending business and expanding new products including bitcoin credit cards. According to Zac Prince, CEO of BlockFi, "there are currently about $1.5 billion in encrypted assets on the BlockFi lending platform, which generates slightly less than $10 million in monthly revenue."

3. Bella Protocol completes multi-million dollar financing led by Arrington XRP Capital

On August 21, Bella Protocol, a DeFi aggregator and asset management platform, announced the completion of a multi-million dollar financing led by Arrington XRP Capital. Other investment institutions and individuals include European venture capital Alphabit, Galaxy Digital co-founder David Namdar, BlockWall Capital Founding Partner Laurenz Apiarius, Blockstream Product Director Ben Gorlick, Koi Ventures, Force Partner, RockX, CGS Dubai, N7 Labs, Coinbene, Amedeo Capital, Alphacoin Fund, BitBlock Capital, BlueHill, Roark Fund, Yunshang Capital, etc.

"BLOCKER WEEKLY" is a cutting-edge reading of the blockchain industry carefully crafted by the Blockchain Research Institute. It selects a week's hot spots and cutting-edge views for blockchain enthusiasts. If you have good comments and suggestions, please leave a message in the comments below.

"BLOCKER WEEKLY" is a cutting-edge reading of the blockchain industry carefully crafted by the Blockchain Research Institute. It selects a week's hot spots and cutting-edge views for blockchain enthusiasts. If you have good comments and suggestions, please leave a message in the comments below.

-END-

Disclaimer: The Blockchain Institute is organized based on public information and does not represent the position of the Blockchain Institute (official account), nor does it constitute any investment opinion or suggestion.

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