headlines

headlines

Russian Lawmakers Draft Amendments to Allow Cryptocurrency Payments in Contracts

Members of the Russian State Duma are currently drafting amendments to allow the use of cryptocurrencies as a means of payment for contracts. Digital financial assets are considered property under Russian law, a change that will legalize crypto payments between parties to a contract. The bill is subject to further scrutiny, but according to Pavel Krasheninnikov, chairman of the Legislative Council, there is consensus on the issue.

Data: Bitcoin whales bought more than 122,500 BTC when the market crashed last week

Large Bitcoin holders appear to be actively buying Bitcoin during the recent price correction. Anthony Pompliano from Morgan Glass Digital, an encryption investment agency, said that he analyzed Glassnode data and found that since the market crash last Wednesday, Bitcoin whales holding 10,000 to 100,000 BTC have purchased a total of 122,588 BTC.

The Securities Times published an article today, "Banks vigorously contain virtual currency transactions and large-scale accurate identification is still difficult." The article stated that financial institutions are on the alert for the flow of funds related to virtual currencies. Personnel from the six major banks said that major banks have strictly controlled the transfer of overseas currency speculation accounts. This means that the currency speculation accounts have been identified within the big banks.

digital currency

digital currency

Goldman Sachs gives Coinbase a buy rating, saying it may rise by more than 30%

Investors should hedge against volatility in the cryptocurrency space by buying shares of Coinbase, Goldman Sachs said. Analyst Will Nance of the agency gave Coinbase stock a buy rating on Monday and said that the stock could rise more than 30% in the future.

Polkadot-based DAO platform Idavoll Network announces partnership with Huawei Cloud

Polkadot-based DAO platform Idavoll Network announced a partnership with Huawei, a global communication technology provider. The platform will be integrated into Huawei Cloud, becoming the company's leading blockchain partner, providing consulting and technical support for all its future blockchain-related initiatives. Founded in mid-2020, Idavoll Network is the first decentralized autonomous organization platform built on Polkadot underlying 2.0.

Huobi Announcement: Suspend the provision of services such as futures contracts, ETP or other leveraged investment products to new users in some countries

According to Huobi’s announcement, new users in certain countries and regions are temporarily unable to use services such as futures contracts, ETPs, or other leveraged investment products. In addition, Huobi will suspend the provision of related mining pool services for new users in mainland China.

"Meitu loses 13 million in speculating on coins" on Weibo hot search

The news "Meitu loses 13 million in currency speculation" appeared on Weibo's hot search, with a popularity of 427,904, and is now ranked 27th.

US rapper Meek Mill says he will buy SHIB

American rapper Robert Rihmeek Williams (Meek Mill) has announced that he will be purchasing some SHIBA INU (SHIB) tokens. Currently he already owns more than BTC and DOGE.

HECO global node election registration has been officially launched

On May 24th, HECO announced that it has officially launched the global node election registration. Node candidates will register through a unified page link and participate in the global node election of the HECO ecological chain.

Musk tweets about Dogecoin again

Cointelegraph tweeted that Ethereum co-founder Vitalik Buterin emphasized the importance of decentralization in response to Tesla CEO Elon Musk's tweet about the scalability of Dogecoin. Musk replied to this tweet with a picture saying that he (Vitalik) is afraid of Dogecoin.

Tesla's Bitcoin investment may have lost $125 million

Tesla’s bitcoin position is likely worth less than the $1.5 billion it bought when the company bought it, according to estimates, as the price of the currency plummeted. Based on average prices, Tesla likely held about 42,000 bitcoins as of the end of the first quarter. Taking into account the recent price movement, the company may have lost about $125 million.

Casper Network version 1.2.0 will be launched on the mainnet on May 28

According to official news, Casper Network version 1.2.0 will be launched on the main network on May 28, and the test network will be launched on May 19. The main updates in this version include: adding more consensus and block proposer log messages, block validators now distinguish between deployment and transmission, and Quantstamp audit remediation.

secondary title

Blockchain industry

Blockchain industry

Lakala: The digital currency pilot stage is free of charge, and the income mainly comes from two aspects
Lakala (300773) said during the survey that the current digital currency pilot stage is free of charge, and the income mainly comes from two aspects:
1. Through the promotion of digital currency acceptance, the company's payment business is brought in, and benefits from other payment methods.

2. Relevant subsidies from commercial banks. One of the key points in the next step is to accept digital currency in the B2B market, gather the upstream and downstream of the industrial chain, drive the digital currency business, and charge corresponding handling fees.

CryptoC Labs announced the completion of a $1.6 million seed round of financing, with a valuation of $15 million in this round, led by Metaverse Capital, followed by Rebase D. Ventures, Conflux Tech, and several angel investors including Suji, the founder of Mask Network. cast.

Investment and Financing

The NFT community CryptoC Labs announced the completion of US$1.6 million in financing, led by Metaverse Capital

CryptoC Labs announced the completion of a $1.6 million seed round of financing, with a valuation of $15 million in this round, led by Metaverse Capital, followed by Rebase D. Ventures, Conflux Tech, and several angel investors including Suji, the founder of Mask Network. cast.

global policy

global policy

Uganda’s Financial Intelligence Agency Asks Finance Ministry to Propose Cryptocurrency Regulatory Framework

Uganda’s Financial Intelligence Agency (FIA) has asked the Ministry of Finance to propose a framework within which cryptocurrency operations can be regulated. Sydney Asubo, executive director of the FIA, said that they have been asking cryptocurrency operators to register, but few have responded and the vast majority continue to operate illegally. Virtual asset service providers are now in the 16th category most vulnerable to terrorism financing and money laundering.

South Korea's central bank said on Monday it would select a technology provider to build a pilot platform for the digital currency, taking a step closer to establishing a central bank-backed digital currency. The BOK said it was looking for partners through an open bidding process to study the practicality of launching a central bank digital currency in a test environment.

Character·Voice

Character·Voice

Federal Reserve Governor Brainard: It is very important to continuously improve the regulatory framework for cryptocurrencies

Federal Reserve Governor Brainard: In the case of maintaining a safe central bank currency as the basis, there is room for competition, and it is very important to continuously improve the regulatory framework for cryptocurrencies. The regulatory framework should change with the development of the exchange rate of cryptocurrencies. Other regulators may play a bigger role in the cryptocurrency space than others.

Polkadot founder: Polkadot verification nodes downgrade to version 0.8.30 as soon as possible, Kusama verification nodes do not need to downgrade

Gavin Wood, founder of Polkadot, said that Polkadot verification nodes should downgrade to version 0.8.30 as soon as possible, and Kusama verification nodes do not need to be downgraded.

HSBC CEO: HSBC has no plans to set up a cryptocurrency trading platform

HSBC CEO Noel Quinn said that HSBC has no plans to set up a cryptocurrency trading platform. Given the volatility of Bitcoin, we do not use it as an asset class. If our customers want Bitcoin, then they can of course have it, but We do not promote Bitcoin as an asset class in our wealth management business. HSBC will not rush into the stablecoin market either.

CEO of Three Arrows Capital: Invest another 100,000 ETH in the stETH/ETH curve pool of Lido Finance

Su Zhu, CEO of Three Arrows Capital, said that he did not sell any ETH or DeFi during the decline, and invested another 100,000 in the stETH/ETH curve pool of Lido Finance, an Ethereum 2.0 pledge liquidity solution. ETH.

Ripple CEO Responds to "Ripple is the Manipulator Behind Bitcoin's FUD": Flattered

Ripple CEO Brad Garlinghouse refuted Coinshares CFO Meltem Demirors' statement that "Ripple is plotting Bitcoin energy use FUD": "If you think Ripple is Elon Musk, countless scientists, governments, encryption enthusiasts And the manipulator behind others, I can only say 'flattered'." It is reported that Demirors believes that Ripple is behind the promotion of harmful anti-bitcoin narratives.

Data: Centralized exchange Bitcoin continues to show an outflow

According to data monitoring on the Tokenview chain, in the past 5 days, there has been a significant outflow of bitcoins from the centralized exchange. Among them, the Huobi exchange has the largest outflow of Bitcoin, and the daily inflow and outflow ratio has changed from 37:63 to 13:87, while the Binance exchange’s bitcoin flow has reversed, and the daily inflow and outflow ratio has changed from 45:55 on May 19. For yesterday's 54:46, the current inflow is greater than the outflow. The outflow of Bitcoin from centralized exchanges increased by 52.2% yesterday compared with the day before.

Nobel Laureate Robert Shiller: The source of the value of cryptocurrencies is vague and may form a bubble

Nobel Prize-winning economist Robert Shiller is concerned that bubbles are forming in some of the hottest deals in the market, notably real estate, stocks and cryptocurrencies. Cryptocurrencies are a very psychological market, Shiller said, which is impressive technology, but the ultimate source of value is so murky that it has a lot to do with our narratives rather than reality.

Head of Global Research at JPMorgan Chase: Bitcoin Volatility Too Much to Discourage Institutional Investors

Joyce Chang, global head of research at JPMorgan Chase & Co., said bitcoin's volatility levels, which are four times that of gold or stocks, would put off many corporate treasurers and institutional investors, who typically manage larger positions. Compared to other asset classes, Bitcoin's volatility is too much for most institutional investors.

Lawyer: There may be a new round of "going out of the sea" for virtual currency project parties, trading platforms, and mines