| Xi Jinping called on the G20 to discuss the formulation of legal digital currency standards and principles; the balance of the Ethereum 2.0 deposit contract address exceeded 250,000 ETH

二十三画生

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2020-11-23 00:10

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29% of stocks in the S&P 500 are more volatile than Bitcoin.

headlines

Xi Jinping: G20 should discuss and formulate legal digital currency standards and principles in an open and inclusive manner

According to Xinhua News Agency, Xi Jinping stated at the first phase meeting of the 15th G20 Leaders Summit that the G20 should discuss and formulate legal digital currency standards and principles in an open and inclusive manner, and jointly promote the international monetary system. In the process of moving forward, we will properly deal with various risks and challenges.

Investment management firm Van Eck has released a new research report, which states that 29% of S&P 500 stocks have had higher price volatility than Bitcoin year-to-date. The report appears to be an effort to allay concerns among investors and the U.S. Securities and Exchange Commission (SEC) about bitcoin.

digital currency

OKLink: The balance of the Ethereum 2.0 deposit contract address exceeded 250,000 ETH, and the progress was 47.73%

According to OKLink data, the current Ethereum 2.0 deposit contract address balance has reached 250,272 ETH, which is 47.73% away from the minimum requirement of 524,288 ETHs to start the Ethereum 2.0 genesis block. In the past 48 hours, about 130,000 ETH has been withdrawn. Mortgage to the Ethereum 2.0 deposit address, the mortgage progress is significantly accelerated.

Polkadot Weekly: The referendum on the 12th is unlikely to pass, and the Kusama treasury has passed 35 spending bills
On November 22, Polkadot’s official Polkadot community PolkaWorld released Polkadot’s weekly report. The main contents are:
1. Polkadot’s 12th referendum (moving the mapping of DOT to another Ethereum address) is unlikely to pass. With a turnout of 0.17%, it is currently 99.9% against.
2. DIA will be integrated with the Polkadot ecosystem.
3. The Motion 39 of the Polkadot Council has been passed, and the content is to apply for operating expenses for Subscan.
4. Motion 40 of the Polkadot Council has passed, and Patract Labs proposed a new milestone for Redspot v0.3.
5. Kusama launched NFT for the first time, using the RMRK specification to release a limited edition 1/1 series of 5 platinum group solids on the Kusama network as NFT artwork.

6. Kusama State Treasury has so far agreed to fund 35 proposals out of 55 proposal applications, with a total funding amount of 57,000 KSM.

Tether's market value has grown from $951,000 to $18.5 billion, an increase of 1,900,000% in four years

Statistics show that the current market value of all mainstream stablecoins has reached about 23.9 billion US dollars. Among the more than 30 stablecoins in 2020, Tether (USDT) occupies 76.15% of the entire market share. Since January 2016, Tether's market capitalization has grown from $951,000 to $18.5 billion, a whopping 1,900,000% increase. Odaily Note: The latest official data shows that the USDT circulation is 18,630,704,170.87. The circulation of EURT is 40,001,800.

The JUST team announced the release of the TRON version of ETH, which can be exchanged with ETH 1:1

The JUST team announced the issuance of ETH (ETHTRON) developed based on the wave field TRC20 protocol, which can be exchanged with ETH 1:1. In the future, major exchanges will support it one after another. Previously, the wave field version of BTC has been used by P network poloniex, Kucoin, MXC and other two Supported by ten exchange wallets, BTCTRON has currently issued 15,000 pieces.

Ethereum Classic Urges Besu Node Operators to Update to Latest Version

Ethereum Classic tweeted that with Thanos (ECIP1099) fast approaching, we implore all Besu node operators, especially those running critical software, to update to the latest version.

OMFIF report: XRP remittance platform has the potential to increase the speed of international payments

The latest report from the Official Forum of International Monetary and Financial Institutions (OMFIF) stated that Ripple's XRP remittance platform has the potential to simplify and increase the speed of international payment procedures. Ripple’s crypto-based solutions could further benefit banks by avoiding exchange rates and fees, the report said.

Bitfinex officially announced that the following 10 tokens will be delisted to optimize user trading experience. The specific tokens are: AidCoin (AID), Atonomi (ATM), Dether (DTH), FOAM Token (FOA), Fusion (FSN), Loom Network (LOO), Mithril (MITH), Polymath (POLY), SpankChain (SPANK ) and Upfiring (UFR). The above tokens will stop trading and depositing at 20:00 on November 23rd, Beijing time; withdrawals will continue until 20:00 on December 4th.

Blockchain industry

Pickle Finance: This attack involves multiple Pickle protocol components, and it is expected to be repaired at 23:00 on November 22

On November 22, Pickle Finance released a blog post to update the investigation progress of the attack, saying that Pickle’s pDAI PickleJar was hacked and 19,759,355 DAI was exhausted. Shortly after, a group of white hat hackers approached the core team and began researching the situation. The first step is to reverse-engineer the transaction to see if you can write code to replicate the attack. A few hours later, the team (now more than 10 in total) learned how the attack was executed: it was a very sophisticated attack involving many components of the Pickle protocol. Pickle Finance previously lost nearly $20 million due to a bug.

Coinfirm: DOJ Misses Millions in Tokens While Seizing Silk Road-Related Assets

The U.S. Department of Justice (DOJ) left behind millions of dollars worth of tokens when it seized digital assets linked to the darknet Silk Road, according to analytics firm Coinfirm. These assets, which still have value, exist on forked addresses of this wallet. The DOJ recently announced that the hacker Individual X cooperated with law enforcement agencies and agreed to give up control of Bitcoin worth more than $1 billion. When 69,370 BTCs were seized, DOJ confirmed that the address at the beginning of 1HQ3 controlled by hackers contained about 69,370 BCH, BTG, and BSV.

The first domestic "block chain + power transaction" won the national computer software copyright
Recently, the software copyright "Blockchain-based power transaction traceability and evidence collection platform" applied by Gansu Power Trading Center was successfully authorized by the National Copyright Administration.

In response to the strategic goal of State Grid Corporation of China to build an internationally leading energy Internet enterprise with Chinese characteristics, the blockchain-based power transaction traceability and evidence collection platform built a blockchain-based power transaction certificate traceability query platform for the first time to serve power transactions Information storage and traceability. This software is the first authorized software of "blockchain + power transaction" in China, and it is an important breakthrough in the independent innovation of blockchain core technology in the energy and power industry.

DeFi Insurance Project COVER Starts Pickle Finance Theft Compensation Voting

On November 22, the new DeFi insurance project COVER Protocol has opened a compensation vote for the nearly 20 million USD DAI stolen from Pickle Finance. At present, there have been 62 votes for the compensation, all of which support the compensation, and more than 5,240 governance tokens have been accumulated COVER. COVER holders can make suggestions and vote on the governance platform Snapshot. After the proposal is verified and approved, the governance multi-signature controlled by 6 team members will execute the proposal on behalf of token holders.

Yearn.Finance: yVault was not affected by the theft of Pickle Finance

Yearn.Finance officially tweeted that Yearn has not deposited any funds into Pickle Finance products, and yVault has not been affected by the recent Pickle Finance theft.

Pantera Capital's Bitcoin Fund Raises Over $134 Million

Pantera Bitcoin Fund Ltd, a bitcoin fund under Pantera Capital, a cryptocurrency asset management agency, disclosed the latest asset raising information to the US Securities and Exchange Commission (SEC). A total of $134,068,725 has been raised so far (an increase of nearly $5 million compared to before), with a total of 137 investors.

Foreign media: Visa and Mastercard have stricter inspections on encryption companies

The Block issued an article today stating that payment giants Visa and Mastercard have stricter inspections of encryption companies than other card issuers. Visa and Mastercard’s crypto partners must provide details about fraud and money laundering checks before being allowed to offer crypto services to customers. Wirex CEO Pavel Matveev said that Visa uses tools such as Chainalysis and Elliptic to investigate individual transactions to determine whether the source of the transaction is legitimate.

Investment and Financing

Payment startup Chipper Cash raises $30 million in Series B funding led by Ribbit Capital

Chipper Cash, an African cross-border payment start-up company, completed a US$30 million Series B round of financing, led by venture capital firm Ribbit Capital, and Bezos Expeditions, the personal venture capital fund of Amazon CEO Jeff Bezos, participated in the investment. San Francisco-based Chipper Cash, founded in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, offers free mobile P2P payments. The service is available in seven African countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. The app allows users to send and receive funds across Africa.

global policy

The South African Financial Sector Conduct Authority (FSCA) recently released a draft statement stating that crypto assets will be treated as financial products under the Financial Advice and Intermediary Services Act (FAIS). The FSCA is seeking comments on the proposal, which needs to be submitted by 28 January 2021. The effect of this statement is that any person who provides advice or intermediary services in relation to cryptocurrency assets must be authorized as a financial services provider under the FAIS Act and must comply with the provisions of the FAIS Act, which will include cryptocurrency asset exchanges and platforms, as well as brokers and advisors.