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first level titleoverviewThere are more news about NFT (Non-Fungible Token, non-homogeneous pass) this week. We have clarified that NFT will be popular in the blockchain circle and combined with entities a few months ago. This week's news has indeed verified this point of view. Around NFT artworks, some traditional media such as Time Magazine and Adobe Photoshop have also begun to pay attention. Twitter's NFT auction also dropped the hammer at a sky-high price of $2.9 million, while another on the one hand,

Based on NFT, a large category of business models has been born, that is, traditional sports + NFT card gameplay, including the recently popular NBA Top Shot represented by basketball, and Sorare represented by football, etc. Many overseas projects are constantly exploring in the direction of this type of gameplay , This is a direction that can be used for reference in the country. After all, there are entities participating in it. The NFT gameplay will be closer to ordinary people and more legal, rather than being under high pressure in the country like cryptocurrencies.There is another case worth recalling this week.

Zhiji Automobile, jointly built by SAIC Motor, Zhangjiang Hi-Tech and Alibaba, disclosed to the outside world for the first time the core operation link of its first user rights platform CSOP (Customer Share Option Plan).

In the CSOP user rights and interests platform, Zhiji Auto took 4.9% of the equity income from the 10 billion investment in the founding round as an endorsement, and issued 300 million "raw stones" to map the asset income and dividends corresponding to this part of the equity. The application includes blockchain A series of cutting-edge technologies, giving back to users in the form of data rights and interests, and recognizing the contribution and value of users.Policy-related, industry news, central bank digital currency, investment and financing newsandIndustry Viewpointfirst level title

policy related

policy related

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On March 19, the Supreme People's Procuratorate and the People's Bank of China jointly released six typical cases of punishing money laundering crimes, involving gangsters, drug crimes, family money laundering crimes, and money laundering using virtual currencies.

Among them, the case of virtual currency money laundering shows that from August 2015 to October 2018, Chen Moubo registered and established a financial information service company in Yimou, publicized regular fixed-income wealth management products to the public in the name of the company, and decided on his own. The funds were mainly used to pay principal and interest and personal squandering, and later refused to pay. In addition, Chen Moubo was accused of setting up a digital currency trading platform to issue virtual currency, using false propaganda to lure customers into recharging and trading on the platform, fabricating platform transaction data, and covering up by restricting large-amount cash withdrawals and falsely claiming that hackers have stolen coins. Shortage of funds, delay or even refusal for investors to withdraw cash.

California Seeks to Make Enterprise Blockchain Records Act Permanent

According to CoinDesk, the California State Senate has introduced a bill that would make legislation on the use of blockchain technology for corporate records permanent. Currently, companies in California are allowed to use blockchain technology to record information related to stock issuance and transfers until January 1, 2022. The legislation, introduced on Feb. 19 and scheduled for a hearing on April 7, would make those rules permanent. The state Senate voted 32-4 in favor of the bill in its first reading on Feb. 22.

India Considering Blocking IP Addresses of Cryptocurrency Exchanges

The Indian government is considering blocking Internet Protocol (IP) addresses of cryptocurrency exchanges as part of an upcoming cryptocurrency ban, Finance Magnates reported. Earlier news, India will propose a law to ban almost all forms of cryptocurrency, including trading, holding and mining.

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The blockchain development seminar under the "14th Five-Year Plan" organized by the Zhongguancun Blockchain Industry Alliance was officially held

From 9:00 to 11:30 on March 23, the blockchain development seminar under the "14th Five-Year Plan" organized by the Zhongguancun Blockchain Industry Alliance (ABI) was officially held. Topics for this seminar include:

1. The significance of the four technologies of smart contracts, consensus algorithms, encryption algorithms, and distributed systems mentioned in the "14th Five-Year Plan" to the development of blockchain;

2. This plan gives the main route for the development of blockchain in my country, the differences and future development trends of the technologies mentioned above in the development of alliance chain and public chain;

4. In the face of technological bottlenecks, how should my country explore and develop.

The meeting was presided over by Zhang Shengli, Vice President of the School of Electronics and Information Engineering of Shenzhen University/Vice Chairman of the ABI Technology Group. Jin Jian, Secretary General of the ABI Alliance/Director of the Industrial Internet Institute of the China Academy of Information and Communications Technology, delivered an opening speech. The guests included Beijing Institute of Technology Cyberspace Zhu Liehuang, secretary of the Security Academy, Chi Cheng, deputy director of the Technology Research Department of the Industrial Internet Institute of China Academy of Information and Communications Technology, Zhang Xiaojun, chief strategy officer of Huawei's blockchain, He Chao, senior architect of Huawei's 2012 blockchain platform, Xi Haifeng, founder of Shanghai Boundary Intelligence, Zhu Jiang, Dean of Digital Scene Technology Research Institute, Wang Jing, Ernst & Young Blockchain, Ning Zhiwei, Co-Founder and Chief Architect of Xita Technology, Zhang Kaixiang, Chief Architect of WeBank Blockchain, and Ao Ao, Chief Architect of Tencent Cloud Blockchain Meng, Zhang Yuxin, senior expert of Babbitt industrial blockchain, etc.

National Development and Reform Commission: Use blockchain and other technologies to vigorously develop intelligent manufacturing

The National Development and Reform Commission issued an opinion on accelerating the high-quality development of the manufacturing service industry. The opinion pointed out that the use of 5G, big data, cloud computing, artificial intelligence, blockchain and other new-generation information technologies should be used to vigorously develop intelligent manufacturing, to achieve accurate and efficient matching of supply and demand, and to promote fundamental changes in the development model of the manufacturing industry and the form of enterprises.

Harbin Municipal Government Work Report: It will promote the application of blockchain electronic certificates

On March 14, at the sixth meeting of the 15th Harbin People's Congress, Harbin Mayor Sun Zhe delivered a government work report. He said that in 2021, Harbin will improve the efficiency of government services, promote the application of blockchain electronic licenses, set up self-service service terminals in streets (communities), develop and promote the "e Ice City" government service APP, and realize medical insurance, social security, taxation, etc. Frequent matters can be handled through one net and on the palm. 1

Russia's Financial Watchdog Is Closely Monitoring Bitcoin Cashouts

According to CoinDesk, Russia's financial watchdog Rosfinmonitoring stated that Russian law enforcement agencies will closely monitor bitcoin-to-fiat transactions. It is reported that Rosfinmonitoring, which usually tracks the flow of funds related to money laundering and terrorist financing, is now targeting Bitcoin. German Neglyad, the agency’s deputy director, said at a hearing on financial markets on Wednesday that they will pay special attention to the issue of bitcoin cashing out. According to Neglyad, criminals in Russia most commonly use bitcoin, ethereum, and monero for terrorism financing, among other things.

Central Office and State Office: Explore the application of blockchain technology in social insurance premium collection, real estate transactions, etc.

According to Xinhua News Agency, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Opinions on Further Deepening the Reform of Tax Collection and Administration". Explore the application of blockchain technology in the collection of social insurance premiums, real estate transactions, and real estate registration, and continue to expand its applications in areas such as promoting tax-related and fee-related information sharing. Continuously improve the tax big data cloud platform, strengthen the development and utilization of data resources, and continue to promote the interconnection with the information systems of the state and relevant departments. In 2025, a normalized and institutionalized data sharing and coordination mechanism between the tax department and relevant departments will be established to ensure the acquisition of necessary tax-related and fee-related information in accordance with the law; improve the external supply mechanism for tax-related and fee-related information, and create a large-scale, multi-type, high-value, granular Detailed tax big data, and efficiently play the driving role of data elements. Improve the tax big data security governance system and management system, strengthen the construction of a security situation awareness platform, carry out data security risk assessment and inspection on a regular basis, improve the monitoring, early warning and emergency response mechanism, and ensure the security of data throughout the life cycle. Strengthen the analysis of intelligent tax big data, and continuously strengthen the in-depth application of tax big data in the fields of economic operation research and judgment and social management.

Hainan Provincial Department of Industry and Information Technology and other 10 departments and bureaus released the list of Hainan Province's implementation of blockchain application demonstration and unveiling projects

On March 24, Hainan Provincial Department of Industry and Information Technology and other 10 departments and bureaus released the list of Hainan Province's implementation of blockchain application demonstration and unveiling projects, including Hangzhou Qulian, Nanjing Pure White Matrix, Tencent Cloud and other enterprises.

South Korean Lawmaker Proposes Including Crypto Assets in Property Registration of Public Officials

According to the Korean media JoongAng Ilbo on March 25, in order to register property this year, South Korean Democratic Party member Shin Young-dae found cryptocurrency worth millions of dollars held by his wife in confirmation of family deposits. Shen Rongda encountered difficulties in the process of recording the reasons for property changes. Because the legal nature of cryptocurrencies in the country has not yet been determined, there are no projects that can be declared. Shen Rongda said: "Cryptocurrency is used as a means of tax evasion or concealment of property. It is necessary to change the standard and let public officials first disclose it." Its content is to include "encrypted assets worth more than 10 million won" in the property registration objects of public officials.

Kunming's digital economy development support project begins to apply for blockchain enterprises to receive a one-time subsidy of 200,000 yuan

The "Notice on Applying for the 2021 Kunming Digital Economy Development Support Project" issued by the Kunming Municipal Bureau of Industry and Information Technology clearly states that the 2021 Kunming Digital Economy Development Support Project will start to apply. Among them, a one-time subsidy of 200,000 yuan will be given to Kunming enterprises that have identified domestic blockchain information service names and filing numbers by the State Cyberspace Administration of China. For this declaration, the project implementation site must be within the jurisdiction of Kunming City, and the declared project must be completed and put into operation within 2020.

The Ministry of Industry and Information Technology stated that it will focus on seven key digital economy industries including the blockchain

Not long ago, the person in charge of the relevant department of the Ministry of Industry and Information Technology stated at the press conference of the State Council Information Office that the Ministry of Industry and Information Technology will promote the digital industry to become bigger and stronger. Focusing on the seven key industries of the digital economy and the ten digital application scenarios listed in the "14th Five-Year Plan" outline, we will focus on the development of strategic emerging industries such as big data, artificial intelligence, and blockchain, driven by applications , focus on cultivating an open source ecology, and create an internationally competitive digital industry cluster.

Supreme Law: Strengthen judicial protection for blockchain and other frontier areas of industrial transformation

According to a report by the Financial Associated Press, the Supreme People's Court issued an opinion on the people's courts providing judicial services and guarantees for the construction of the Beijing Municipal Comprehensive Demonstration Zone for the Expansion and Opening of the National Service Industry and the China (Beijing) Free Trade Pilot Zone. Among them, it is proposed to strengthen the judicial protection of quantum information, artificial intelligence, high-end chips, blockchain, biomedicine, new materials and other frontier fields of new scientific and technological revolution and industrial transformation, and protect all kinds of industries that have a breakthrough and driving effect on economic growth in accordance with the law. Scientific and technological achievements, summarizing and refining new rules for judicial protection of scientific and technological innovation.

Australian Government to Fund Two Blockchain Pilots

As Cointelegraph reported, the Australian government has opened applications for funding pilot blockchain projects. Two pilot projects will focus on supply chain tracking for the minerals industry and tax tracking technology for the food and drink industry and will each be funded with $3 million. The deadline for applications is 29 April and any Australian sole proprietor, partnership, publicly funded research institution or entity with an Australian business number is eligible to apply.

German authorities develop new technology to allow investors to buy and sell securities on the blockchain

German authorities have developed technology that allows investors to buy and sell securities on a blockchain in exchange for central bank money, bridging a gap between two worlds that once seemed irreconcilable, Reuters reported. The Bundesbank said today that the technology could soon be extended across the euro zone, and before the European Central Bank launches a digital euro.

Indonesia to launch state-owned cryptocurrency exchange

According to Cryptonews, Indonesian Deputy Trade Minister Jerry Sambuaga announced that the ministry will launch a state-owned cryptocurrency exchange in the near future. This is part of an international trend, with more and more governments launching state-owned cryptocurrency exchanges to lure domestic traders away from the private sector. A report released by the Indonesian Blockchain Association revealed that there were more than 1.5 million cryptocurrency traders in the country in 2020, a strong increase of 2,263% since 2015.

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industry news

industry news

Manchester City launches fan token CITY and will develop blockchain games and collectibles

Manchester City teamed up with Socios to launch the fan token CITY. The token will enable fans to claim VIP rewards, club promotions, AR features, and vote in an upcoming club poll on the Socios website. The club will also work with digital entertainment company Animoca to create blockchain games and collectibles.

Crypto.com Now Launches Visa Virtual Card in European Market

According to official news, Crypto.com announced the launch of a virtual card (Virtual Card) for European users. Crypto.com APP users can now apply for a Crypto.com Visa Card and, once approved, make online purchases before receiving a physical card. The virtual card will gradually be rolled out to different users and in more markets.

DBS successfully issued Tier 2 capital bonds using blockchain technology for the first time

According to the official news of DBS Bank (China) Co., Ltd., it has successfully issued 2 billion yuan of secondary capital bonds. The raised funds will be used to supplement the issuer's secondary capital, and the issue rate is 4.70%. During this bond issuance process, DBS China joined hands with Shanghai Pudong Development Bank and China Central Depository and Clearing Co., Ltd. for the first time to use blockchain technology to support bond bookkeeping and filing. Compared with traditional methods, the use of blockchain technology can effectively reduce information asymmetry in the issuance process, prevent data tampering risks, realize traceability of issuance data, auditable process, and improve the efficiency and security of bond issuance. In order to ensure the smooth issuance of this issue of bonds, DBS China jointly built an alliance chain through Shanghai Pudong Development Bank and Central Clearing Corporation, which is the infrastructure of the bond market. The business and technical teams of both parties worked together to set up multiple blocks focusing on information disclosure and placement results. Chain nodes, successfully applying blockchain technology to the bond issuance process.

The Global Shipping Business Network (GSBN) will officially start operations

The move to include GSBN as a non-profit organization in Hong Kong is to incentivize Participants contribute high-quality data. GSBN will establish a framework with all stakeholders to use their data to share the benefits gained from data products built on top of the platform. GSBN's secure data exchange platform will use blockchain technology to enable users to exchange first-party, real-time and trusted logistics data.

Fan engagement platform Fanzone to launch football NFT trading platform

Fanzone, a German fan engagement platform, has announced that it will launch a trading platform for blockchain-based digital football trading cards in April 2021. Trading cards will be sold as NFTs, digital assets distributed to specific owners via blockchain certificates. The price of the digital trading cards will vary based on the rarity of the image. Fanzone also wants to offer virtual card packs, which should cost between 3 and 5 euros. However, individual cards or smaller series of cards will be auctioned off.

Zhiji Auto launched CSOP, a blockchain-based user rights platform

On March 17, Zhiji Automobile, jointly built by SAIC Motor, Zhangjiang Hi-Tech and Alibaba, disclosed to the outside world for the first time the core operation link of its first user rights platform CSOP (Customer Share Option Plan). In the CSOP user rights and interests platform, Zhiji Auto took 4.9% of the equity income from the 10 billion investment in the founding round as an endorsement, and issued 300 million "raw stones" to map the asset income and dividends corresponding to this part of the equity. The application includes blockchain A series of cutting-edge technologies, giving back to users in the form of data rights and interests, and recognizing the contribution and value of users.

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On March 22, the US listed company Taoping (TAOP) announced that it has formed a strategic partnership with BitFuFu.com, an entity sharing mining platform, and will enter the time-sharing rental market of mining machines on a global scale. Taoping (TAOP) is an Internet company dedicated to the research and application of blockchain technology and digital assets, and BitFuFu.com is the official partner of Bitmain, the world's largest bitcoin mining machine company. The two parties signed a cooperation agreement of 10 million US dollars, with a total computing power of about 130P, and the first batch of 1 million US dollars is about 12.9P. The main mining machine model is the Antminer S17 series.

According to the official announcement, the actual purchase of this agreement is about 2,321 machines. Regardless of operations such as overclocking, based on the rated power consumption of the S17 and the electricity bill of 3 cents, the payback days are 291 days. The coming flood season, mining machine overclocking, difficulty changes, and the residual value of the machine after mining are all likely to shorten the payback cycle. It is foreseeable that the investment prospect is promising.

The US "Time" will auction 3 cover NFTs and plans to accept cryptocurrency payments

According to Cointelegraph, the American "Time Magazine" is participating in the blockchain digital art movement by auctioning three NFTs. The three tokens are inspired by the magazine's most iconic cover for decades, with the theme "Is ___ Dead?" ". The three NFTs will be available individually or as a series on crypto art platform SuperRare until March 24. Additionally, Time magazine president Keith Grossman tweeted that the magazine will start accepting cryptocurrencies as payment for subscriptions within the next 30 days.

Twitter CEO Sells NFT of Its First Tweet for $2.9M

According to Decrypt, Twitter CEO Jack Dorsey sold his first tweet NFT for $2.9 million. The buyer is Sina Estavi, CEO of the oracle system Bridge Oracle. It is reported that Sun Yuchen, the founder of Tron, lost in the auction and once bid $2 million. Previously, Jack Dorsey's first tweet "Just set up my Twitter" on March 21, 2006 was minted into an NFT through the Valuables tool.

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On March 23, IPRdaily, a third-party intellectual property organization, and the incoPat Innovation Index Research Center jointly released the "2020 Global Emerging Privacy Technology Invention Patent Rankings". The list shows that as of March 19, 2021, there are four corporate patents With more than 200 patents, Ant Group ranked first with a total of 740 global privacy technology patents, followed by Microsoft (305), Alibaba (299), and Ping An (282).

The list sets privacy technologies including cryptography privacy, AI privacy, trusted hardware privacy, differential privacy, multi-party computing MPC, etc. The above subdivision technologies have formed the hottest privacy computing in the past two years, that is, using technology to realize the safe sharing of data from different sources and the value behind the exchange of data when the data of the two parties or multiple parties is invisible. Movable value moves.

World's first NFT 'virtual house' sold for $500,000

A “virtual digital home” set in a Mars-like landscape sold for $500,000 (or 288 ETH), according to TechFlow, citing The Guardian. Called Mars House, the house was designed by Toronto-based artist Krista Kim with the help of architects and video game software, architecture and design magazine Dezeen reports. The new owner of the "3D digital house" will be able to explore the rooms of the open-plan mansion using virtual reality (a digital world) or future augmented reality (adding digital elements to the view of the real world)," said SuperRare, a cryptocurrency NFT trading marketplace. , which is "the world's first NFT digital house".

Wanxiang Blockchain and Haier Zhijia reached a strategic cooperation

On March 23, Wanxiang Blockchain and Haier Zhijia jointly announced the official launch of strategic cooperation. The two parties will combine Wanxiang blockchain's rich industry application experience and Haier Smart Home's advantages in the field of home appliances to jointly carry out innovation in the smart home appliance industry in the era of carbon neutrality. Haier Zhijia will also join the "RISC-V Foundation Blockchain Industry Working Group (SIG)" initiated by Wanxiang Blockchain's joint partners. At the same time, Haier Zhijia will also integrate and innovate with the distributed cognitive industrial Internet platform of Wanxiang blockchain in the field of industrial Internet, and jointly develop leading applications in the industrial field.

Jiangsu took the lead in implementing the pilot application of "blockchain + judicial appraisal" in the whole province

Recently, the Jiangsu Provincial Department of Justice went to the Ministry of Justice to report the "Jiangsu Provincial Department of Justice's "Blockchain + Rule of Law" Pilot Demonstration Construction Implementation Plan". Group approved. At the same time, the Public Legal Services Administration of the Ministry of Justice has also included Jiangsu Province in the first batch of pilot application units of the judicial appraisal management system, and requires strengthening practices around the assignment of appraisal opinions, electronic certificates, and blockchain to form a mature model for promotion across the country.

Tesla CEO Confirms You Can Buy Teslas With Bitcoin

Musk said on Twitter that Tesla can be purchased using bitcoin, and that the bitcoin paid to Tesla will remain in bitcoin rather than converted to legal tender. Bitcoin payments will also be available outside of the US later this year. Bitcoin rose by more than $800 in the short term to $55,496.

Adobe Photoshop may enter the field of encrypted art and NFT

On March 25, Adobe Photoshop's official Twitter wrote, "There have been a lot of topics about encrypted art and NFT recently, write down your favorite artist in the comment area."

Chicago Exchange May Relaunch Bitcoin Futures

According to The Block, Chicago Exchange CEO Ed Tilly said that Chicago Exchange (Cboe) may re-launch Bitcoin futures. The Chicago Board of Exchange was the first regulated bitcoin futures exchange in the world, but for unknown reasons, it stopped offering bitcoin futures from June 2019, when the exchange did not rule out issuing cryptocurrency derivatives again possibility, which it has said is being "assessed".

Tencent discloses the patent of "blockchain-based task reward processing method"

Recently, Tencent Technology (Shenzhen) Co., Ltd. published the patent of "Blockchain-based task reward processing method, device, equipment and storage medium", the publication number is CN110944008B. The Qichacha patent abstract shows that this application discloses a blockchain-based task reward processing method, device, equipment, and storage medium, which relate to the field of Internet technology. Through the reliable verification of the execution results on the blockchain platform and the automatic performance of the smart contract, the method enables the issuer and the acceptor to trust the verification result, and avoids the issue of the issuer delaying or refusing to pay remuneration. Issues of distrust among publishers.

AC Milan Joins Ethereum Digital Football NFT Collection Platform Sorare

According to CryptoBriefing, AC Milan has joined the Ethereum digital football NFT collection platform Sorare, and the club's 2020-21 lineup will serve as a digital trading card NFT on Ethereum. Sorare players can trade cards in the marketplace and use them to participate in matches.

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On March 26, the international logistics platform Rongyida and Ant Chain Beijing announced the launch of the construction of a digital shipping service platform. Based on the blockchain technology, the two parties will jointly promote the leapfrog innovation and development of traditional shipping and logistics enterprises in terms of settlement payment, transaction mode, financing mode, credit system, etc., and realize a more sustainable and effective overall industry chain. Reduce costs and increase efficiency. In addition, Rongyida, AntChain and MYbank will also cooperate in the field of shipping data finance to create the first sea freight credit financing solution based on blockchain technology.

Gao Yue, deputy director of the Development and Reform Commission of Heping District, Tianjin, said that the innovative cooperation between Rongyida and AntChain actively responded to the country's development concept driven by technological innovation, and fully carried out the digital transformation and intelligent upgrading of the shipping industry chain. The move will stimulate new development vitality in the national international shipping field.

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central bank digital currency

central bank digital currency

Bank of Thailand issues guidelines on stablecoins, says it is developing a retail central bank digital currency

The Bank of Thailand issued guidance on stablecoins and said it is developing a retail central bank digital currency, Decrypt reported. The Bank of Thailand (BOT) issued guidance on stablecoins on Friday and called for opinions on regulatory consultation. The BOT divides stablecoins into two categories, including those backed by the country's fiat currency, the Thai baht, and others. The bank's baht-centric approach differs from other central banks that distinguish between fiat and non-fiat currencies, such as stablecoins whose value is pegged to the dollar and those pegged to the price of gold. Among them, the baht-backed stablecoin is a stablecoin for daily use, and the BOT refers to it as "electronic currency", which is in line with the term in the country's 2017 Payment System Act. Any interested party that wants to offer a baht-backed stablecoin must seek permission from the BOT. The BOT said the policy is in line with international standards, such as those in the UK, Singapore and Japan. Other stablecoins, i.e. much less has been said about the second type - "other forms of stablecoins" BOT. This is a broad category that includes asset-backed and algorithmic stablecoins, as well as foreign currency-backed stablecoins. The BOT also added that a retail central bank digital currency is currently being developed "to meet the needs of the general public, improve the efficiency of services in the commercial sector, and increase access to financial services."

The Boston Fed may announce the prototype of the digital dollar platform in the third quarter, without disclosing whether it will use blockchain technology

James Cunha, head of the Boston Fed project, said officials at the Federal Reserve Bank of the United States and the Massachusetts Institute of Technology have been developing a prototype of the digital dollar platform, and officials plan to publish their research results as soon as July. The Boston Fed and MIT hope to unveil some of their work in the third quarter, including at least two prototype software platforms that could move, store and settle transactions in digital dollars. Cunha would not say whether the two platforms use the blockchain technology that underpins bitcoin and other cryptocurrencies. Once the prototype is released, others will be able to see and build on its code, Cunha said. The Fed's job is to signal possible actions, not to take positions on major issues that the central bank, Treasury and Congress must address. These include whether the Fed itself should host customer accounts, whether anonymity will be allowed and what protections consumers will have in the event of cyber breaches or transaction errors.

Fed Chair Powell: No decision yet on central bank digital currency

According to news from Jinshi, Federal Reserve Chairman Powell reiterated in the live broadcast that he is not in a hurry to launch a central bank digital currency, nor does he need to be the first central bank to launch a digital currency, and has not yet made a decision on the central bank digital currency. The point of the MIT project is not to create a prototype currency, we need the support of Congress, the government, and the general public to proceed, and we will not proceed with this project without congressional authorization.

The digital renminbi pilot speeds up, and banks in Beijing have opened up

Regarding the promotion of digital renminbi in the Beijing area, at present, Agricultural Bank of China, Postal Savings Bank of China, and Bank of Communications have all opened C-end whitelist applications. The application methods include online banking apps and offline QR code applications. In addition, in terms of consumption scenarios, some banks are currently preparing to access special scenarios such as chain restaurants, shopping, and logistics, and some banks have launched a series of merchant services in the process of promoting digital RMB wallets, mainly through cooperation with B-end institutions. C-end consumers.

Development and Reform Commission and other ministries and commissions: speed up the pilot promotion of digital renminbi

The National Development and Reform Commission and other ministries and commissions stated that they will speed up the pilot promotion of digital renminbi, give priority to some cities with active new consumption, and focus on improving the efficiency of financial operations and reducing financial transaction costs.

The Bank of Japan will launch a central bank digital currency proof-of-concept experiment this spring

According to news from Jinshi, the Bank of Japan’s Digital Currency Liaison and Coordination Committee held its first meeting today. The Bank of Japan will launch a central bank digital currency proof-of-concept experiment this spring. The Central Bank’s Digital Currency Liaison and Coordination Committee is composed of officials from the Bank of Japan, the Ministry of Finance, and the Financial Services Agency, as well as executives from banking, securities, settlement lobby groups, and fintech associations.

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Hong Kong is testing fast payment system to top up digital yuan mobile payments

Yu Weiwen said that renminbi is widely used in Hong Kong, and the digital renminbi positioned as cash in circulation will bring greater convenience to tourists from the two places. At present, a Hong Kong bank has participated in the digital renminbi pilot program, covering bank staff and a small number of merchants. The technical feasibility test has been basically completed and has been very smooth. The second phase of the test will increase the number of participating banks and a small number of individuals and merchants. .

Yu Weiwen also mentioned that the Hong Kong Monetary Authority and the People's Bank of China are conducting a concept demonstration to combine the trade financing platform established by the People's Bank of China with blockchain and cross-border payments. In the future, the mainland and Hong Kong can use blockchain for trade financing. This method is more convenient and faster, and can prevent the fraudulent loan phenomenon of repeated financing in multiple banks for a trade.

The Central Bank's Digital Research Institute released the first open topic of legal digital currency innovation research

According to the Financial Associated Press, on the 26th, the Digital Currency Research Institute of the People's Bank of China officially released the "Open Research Project on Legal Digital Currency Innovation (2021)". The Digital Currency Research Institute of the People's Bank of China leads and organizes the implementation of open research projects, aiming to build a collaborative innovation research system for legal digital currency and promote the vigorous development of the legal digital currency industry ecology. The open subject is based on "innovation, demonstration, and practicality", encourages collaborative innovation, gathers the strengths of all parties, and conducts open research on the theoretical system, cutting-edge technology, application, and functional innovation of digital renminbi. The Digital Currency Research Institute of the People's Bank of China has formulated management measures for open subjects, drafted reference directions for open subjects, and conducted strict and standardized management of subject applications, project establishment, assessment, and project completion.

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Investment and financing news

Investment and financing news

Following the B round of financing, Zhigui Technology received another B+ round of financing exclusively invested by Li Zhenguo, the founder of energy giant LONGi

Following the B round of financing invested by Yan Yan, the founder of SAIF Asia, Zhigui Technology recently received the B+ round of financing exclusively invested by Li Zhenguo, the founder of energy giant LONGi (601012.SH). It is reported that this investment is Mr. Li Zhenguo's first personal foreign investment, and he will serve as a director outside Longji Group for the first time. Within one month, Zhigui Technology has completed two rounds of financing, and the cumulative financing amount of the B round is nearly 100 million yuan. This round of financing will be used for product development, talent introduction and development of vertical scenarios.

Japanese exchange DeCurret raised over $60 million, with investors including NTT, SBI Holdings, etc.

Japanese encryption exchange DeCurret raised 6.7 billion yen (approximately US$61.61 million) through a third-party capital increase, which will be used for the overall development of the digital currency platform. It is reported that a total of 10 companies have increased their capital through DeCurret's third-party placement. In addition to IIJ, KDDI, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Bank, and ALSOK, which have become its shareholders, the other 5 new capital injection companies are NTT, Postal Reserve Bank, SBI Holdings, Mitsubishi Corporation, SECOM.

Sports card marketplace Dibbs raises $2.8M seed round led by Courtside Ventures

Dibbs, an app that allows users to trade sports card fractions in real time, today announced a $2.8 million seed round led by Courtside Ventures. Other investors include Founder Collective, JDS Sports and Sports Card investors, as well as former NBA player Channing Frye, founder of WHOOP Will Ahmed and Flatiron Health co-founder Nat Turner. Dibbs was established in September last year and is currently in beta, with about 4,500 registered users and another 35,000 users waiting to register. It plans to officially launch next month. The funding will help the startup expand overseas, including moving deeper into sports like football, tennis and golf, and researching opportunities for physical cards, digital-only cards and a mix of the two.

Decentralized cloud storage aggregator ColdStack completed $600,000 in financing, AU21 and others participated in the investment

Decentralized cloud storage aggregator ColdStack completed its first round of financing of US$600,000, with participation from Genesis Block Ventures, Spark Digital Capital, Black Edge Capital, AU21, X21 Digital, Paribus Ventures, Solidity Ventures, and Morningstar Ventures.

Blockchain data provider Covalent secures $2 million in strategic funding led by Hashed

Blockchain data provider Covalent has raised $2 million in strategic funding, The Block reported. Covalent founder Ganesh Swami said that this is a token financing. Hashed Ventures led the round, and Coinbase Ventures, Binance Labs, Delphi Ventures, etc. participated in the project.

Encrypted data provider Lukka completes $53 million in Series D financing, Soros Fund participates in investment

According to The Block, a fund founded by billionaire investor George Soros (George Soros) invested $53 million to participate in the D round of financing for encrypted data provider Lukka. Lukka is valued at around $200 million, according to the company, which also participated in the round, along with S&P Global and CPA.com.

Digital fraud solution Sardine raises $4.6 million in seed funding

Sardine, a digital fraud prevention solution, announced the completion of a $4.6 million seed round of financing, led by XYZ Ventures, other investment institutions were 11.2 Capital, Village Global and CoinbaseVentures, and 25 angel investors.

Crypto bank Avanti raises $37 million in Series A funding

According to Blockworks news on March 25, encrypted bank Avanti completed a $37 million Series A round of financing.

Jiahe blockchain received 40 million yuan investment from Guoxiong Capital Co., Ltd.

According to 36 Krypton, "Jiahe Blockchain" has received a round A financing of 40 million yuan, and the investor this time is Guoxiong Capital Co., Ltd. Jiahe Blockchain is a blockchain professional training and communication psychology project platform. At present, the total number of registered users of the platform is 600,000, and the daily activity is 30,000+.

Upbit parent company Dunamu prepares for IPO on Nasdaq

According to Cryptonews, Dunamu, the parent company of the cryptocurrency exchange "Upbit", is preparing for an IPO on Nasdaq in the United States. A crypto industry insider said that Dunumu's IPO is likely to take place before the end of 2021, and the company hopes to raise "at least $4.4 billion" through the IPO.

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Xiao Gang, former chairman of the China Securities Regulatory Commission: Digital currency will not have a subversive impact on currency issuance

Recently, Xiao Gang, the former chairman of the China Securities Regulatory Commission, was a guest on the "National Wealth Lecture" program. When talking about the impact of digital currency on the financial ecology, he said that digital currency will not have a subversive impact on currency issuance. Xiao Gang mentioned that the digital currency has already started to be piloted. According to the announcement of the People's Bank of China, digital currency is a kind of electronic cash issued by the central bank, mainly to replace cash (M0). In other words, future retail payments can be made in cash, digital currency, WeChat, Alipay, etc. Xiao Gang believes that digital currency will not have a subversive impact on currency issuance, because the central bank issues sovereign currency. Digital currency does not replace M1 and M2, but only issues cash in the form of digital currency to facilitate everyone's payment. But this may bring about changes in the account system. The issuance of digital currency will adopt a two-tier structure, not directly issued to individuals, but issued through commercial banks. Just like now, you have to go to the bank to withdraw cash. In other words, the issuance of digital currency is from the central bank to commercial banks, and then from commercial banks to individual consumers. Xiao Gang said that in addition, digital currencies must also abide by cash management regulations, and the requirements for cash withdrawals and carrying out of the country are consistent with cash, and they will not fall into a trap because of the digitization of currencies.

Ray Dalio: In order to diversify your investment portfolio, it is best to invest in multiple fields including Bitcoin

On the evening of March 22, Ray Dalio, founder of Bridgewater, the world's largest hedge fund, author of "Principles," and "Godfather of Investment," said that Bitcoin has developed a lot in the past 10 years, but there are still many problems. big risk. In order to diversify your investment portfolio, it is best to invest in multiple investments, and this includes Bitcoin. Bitcoin has made great progress in the past ten years, but it also has great risks.

Shanghai Jiaotong University Hu Jie: The digital renminbi is a legal currency, and it is not in the same dimension as WeChat and Alipay

According to Xinhua News Agency, Hu Jie, a practice professor at the Shanghai Advanced Institute of Finance at Shanghai Jiaotong University, said that digital currency is legal tender, and WeChat and Alipay are third-party payment tools, and the two are not in the same dimension. Hu Jie believes that the central bank's digital currency will replace some cash, but it will not completely replace banknotes, especially for the elderly group who still have demand for banknotes, and banknotes have characteristics such as anonymity. Therefore, in the foreseeable future, digital currency, RMB banknotes and coins will coexist for a long time.

Soros Fund CIO: The current US economy paves the way for Bitcoin's key inflection point

Dawn Fitzpatrick, chief information officer of Soros Fund Management (Soros Fund Management), said in a recent interview with Bloomberg that the current U.S. economy paves the way for a key inflection point for Bitcoin. “Cryptocurrencies are having a really big moment,” she explained. “Something like bitcoin may have been a fringe asset, but the fact is that the U.S. money supply has really increased by 25% over the past 12 months.” , she noted that the firm has invested in several companies that provide crypto infrastructure, such as exchanges, asset managers and wallets.

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