Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
| Canaan Technology's revenue in the first quarter exceeded 400 million yuan; Thailand's SEC announced that it will regulate DeFi (June 2)
Azuma
Odaily资深作者
@azuma_eth
2021-06-01 23:57
This article is about 5760 words, reading the full article takes about 9 minutes
Zhang Nangeng, chairman of Canaan Technology, said that he has paid about 200 million U.S. dollars to the fab to ensure production capacity supply, and has locked the production capacity supply for the next 12 months. It is expected that the total revenu

headlines

headlines

Canaan Technology's first-quarter financial report: revenue exceeds 400 million yuan, and overseas revenue accounts for nearly 80%

On June 1, Canaan Technology (NASDAQ:CAN) released its financial report for the first quarter of 2021. The financial report shows that thanks to the increase in the number of bitcoin mining machines delivered in the first quarter, Canaan Technology’s revenue in the first quarter was 402.8 million yuan (RMB, the same below), a year-on-year increase of nearly 4.9 times and a quarter-on-quarter increase of 9.5 times. From the perspective of revenue structure, the company's revenue from overseas markets accounted for 78.4% of total revenue in the first quarter of 2021, compared with only 4.9% in the same period in 2020. The company's gross profit in the quarter increased from RMB 2.39 million in the same period of 2020 and RMB 9.09 million in the fourth quarter of 2020 to RMB 194.2 million, and the gross profit margin increased from 3.5% in the same period of 2020 and 23.8% in the fourth quarter of 2020 to 48.2%.

At the analyst conference call on June 1, Zhang Nangeng, chairman of Canaan Technology, said that he has paid about 200 million US dollars to the fab to ensure the supply of production capacity, and has locked the supply of production capacity in the next 12 months. Total revenue will be between $150 million and $250 million. This means that the revenue may be 2 to 4 times that of the first quarter.

Decentralized Exchange Protocol 0x Protocol Launches DEX Liquidity Aggregator API on Polygon

Ethereum's second-layer solution zkSync 2.0 launched the alpha version of the zkEVM test network

According to official news, Matter Labs, an Ethereum expansion project, announced that zkSync 2.0, the second-layer solution for Ethereum, has launched the Alpha version of the zkEVM test network. Users can already use the block browser to view activities on zkSync 2.0. The main achievements of this version include the completion of the zkEVM instruction set; smart contracts written in Solidity and Zinc can now be compiled into zkEVM bytecode; complete full-node integration, and the ability to successfully deploy and execute compiled smart contracts. Matter Labs said that when the zkEVM and node 2.0 version editor are 100% complete, access to zkEVM, editor and core SDK will be opened.

digital currency

Decentralized Exchange Protocol 0x Protocol Launches DEX Liquidity Aggregator API on Polygon

The decentralized exchange protocol 0x Protocol has launched a DEX liquidity aggregator API on Polygon. The 0x API on Polygon has major Ethereum-based DEX liquidity channels, such as SushiSwap, Dfyn, and Curve, as well as Dodo, mStable, QuickSwap, and Cometh. (Cointelegraph)

The decentralized exchange protocol 0x Protocol has launched a DEX liquidity aggregator API on Polygon. The 0x API on Polygon has major Ethereum-based DEX liquidity channels, such as SushiSwap, Dfyn, and Curve, as well as Dodo, mStable, QuickSwap, and Cometh. (Cointelegraph)

BitMEX and Human Rights Foundation Grant $150,000 to Researchers to Help Scale Bitcoin

Crypto exchange BitMEX's $100,000 bounty to bitcoin researcher Calvin Kim will be renewed for another year. Kim also received additional funding worth $50,000 from the Human Rights Foundation. Kim is participating in MIT's Utreexo project, which reduces the state size of Bitcoin to help Bitcoin scale in the coming years. (Decrypt)

Lightning Labs developers working on new protocol concepts for the Lightning Network

According to Alex Bosworth, lead developer at Lightning Labs, a new protocol concept called 805805 is being worked on for the Lightning Network. The idea includes: 1. Nodes should act as small storage, and routing should be just one of many services; 2. Providing Lightning Network (LN) services does not require clearnet or Tor, only Lightning Network; 3. All information should be monetized , there is no free lunch.

Block.one CEO Slams ADA Token Distribution Mechanism

Recently, Cardano (ADA) founder Charles Hoskinson echoed Block.one CEO Brendan Blumer (BB)’s opinion on PoW as a fair distribution mechanism. He believes that this mechanism is only fair to those companies that hold ASIC patents and receive government subsidies for electricity costs. BB then raised several important questions about the distribution of ADA tokens. First, BB asked about the fairness benefits of the ADA token sale for the PoW mechanism and how long it was originally planned to distribute the ADA tokens among holders. At the same time, BB questioned the awareness of the community to participate in the ADA token sale throughout the launch period. Additionally, BB expressed interest in the initial price assessment process for the distribution of ADA tokens. (U. Today)

Mike Novogratz founded NFT company Candy Digital and reached a cooperation with Major League Baseball

Mike Novogratz founded NFT company Candy Digital and reached a cooperation with Major League Baseball

After teaming up with Fanatics chairman Michael Rubin and Belarusian-American entrepreneur Gary Vaynerchuk, Galaxy Digital CEO Mike Novogratz has launched a new company called Candy Digital, focusing on NFT and digital collectibles. The company has already partnered with Major League Baseball (MLB) for the first time. In April, MLB also partnered with Topps to launch its first NFT collectible. It is reported that Candy Digital’s token sale will be driven by Palm, an Ethereum-based platform. (U. Today)

After teaming up with Fanatics chairman Michael Rubin and Belarusian-American entrepreneur Gary Vaynerchuk, Galaxy Digital CEO Mike Novogratz has launched a new company called Candy Digital, focusing on NFT and digital collectibles. The company has already partnered with Major League Baseball (MLB) for the first time. In April, MLB also partnered with Topps to launch its first NFT collectible. It is reported that Candy Digital’s token sale will be driven by Palm, an Ethereum-based platform. (U. Today)

Encryption industry media Rekt returns 100,000 DAI donated by hackers to PancakeBunny
secondary title

Blockchain industry

Blockchain industry

The National Blockchain and Distributed Accounting Technology Standardization Technical Committee (SAC/TC590) was approved to be established

On May 26, 2021, the National Blockchain and Distributed Accounting Technology Standardization Technical Committee (SAC/TC590) (hereinafter referred to as the Blockchain Standardization Committee) was approved to be established. The blockchain standardization committee is mainly responsible for the formulation and revision of national standards in the fields of blockchain and distributed accounting technology, such as basic standards, business and application standards, process and method standards, credible and interoperable standards, information security standards, and international standardization. Organize blockchain and distributed ledger technology technical committee (ISO/TC307) corresponding to the work area.

The China Seal Industry Association released the blockchain digital seal industry standard

On May 31, the China Seal Industry Association officially released the group standard "Technical Specifications for Blockchain Digital Seal System", which is the first national standard for the blockchain digital seal industry. It is understood that the standard is jointly formulated by the China Seal Industry Association, Ant Group, China Association of Small and Medium Enterprises and other units, and uses the technical products of Ant Group AntChain as samples. The standard came into effect on June 1. (Beijing Daily)

Panther Protocol, a DeFi end-to-end privacy protocol, announced the completion of $8 million in private placement financing. Investors include Alphabit Fund, Arcanum Capital, Black Dragon, Deep Ventures, Defiants, Ellipti, Moonwhale, Protocol Ventures, Kosmos VC, Rarestone Capital, and Titans Ventures, etc. More than 140 participants. The funding will be used to develop protocols that interoperate with a range of DeFi applications. It is reported that Panther Protocol will allow users to mint guaranteed privacy-preserving synthetic assets 1:1, including zBTC, zETH and zUSDT, which can be used across various DeFi applications. Utilizing zk-SNARKs, such assets can obfuscate all information involved in on-chain transactions, including wallet addresses and assets being traded. (Crypto Briefing)

Investment and Financing

DeFi end-to-end privacy protocol Panther Protocol completes $8 million private placement financing

Panther Protocol, a DeFi end-to-end privacy protocol, announced the completion of $8 million in private placement financing. Investors include Alphabit Fund, Arcanum Capital, Black Dragon, Deep Ventures, Defiants, Ellipti, Moonwhale, Protocol Ventures, Kosmos VC, Rarestone Capital, and Titans Ventures, etc. More than 140 participants. The funding will be used to develop protocols that interoperate with a range of DeFi applications. It is reported that Panther Protocol will allow users to mint guaranteed privacy-preserving synthetic assets 1:1, including zBTC, zETH and zUSDT, which can be used across various DeFi applications. Utilizing zk-SNARKs, such assets can obfuscate all information involved in on-chain transactions, including wallet addresses and assets being traded. (Crypto Briefing)

Composable raised $7 million in financing, and Advanced Blockchain participated in the incubation and led the investment

It is reported that Automata Network is a decentralized middleware protocol that provides middleware-like traceless privacy services for DApps on Ethereum and Polkadot to achieve privacy, precision and frictionless calculations.

DeFi oracle protocol Lithium Finance raises $5 million led by Pantera Capital and Hashed

DeFi protocol Lithium Finance completed a $5 million financing, led by Pantera Capital and Hashed. Other investors include Alameda Research, OKEx Blockdream Ventures, Huobi Ventures, NGC, LongHash, and Genesis Block. The funding will be used to build a decentralized data oracle focused on private asset pricing.

Decentralized middleware protocol Automata Network completes US$2.4 million in strategic round financing, with participation from IOSG Ventures and others

According to official news, Automata Network, a decentralized middleware protocol, completed a strategic round of financing of US$ 2.4 million, with participation from KR1, IOSG Ventures and Jump Trading.
It is reported that Automata Network is a decentralized middleware protocol that provides middleware-like traceless privacy services for DApps on Ethereum and Polkadot to achieve privacy, precision and frictionless calculations.

NFT trading platform Pandora raised $2.4 million, Spark Digital Capital and others participated in the investment

Pandora Protocol, an NFT trading platform, announced the completion of a $2.4 million seed round and private placement round of financing. Genesis Block, Spark Digital Capital, AU21, x21, NGC, Zokyo Ventures, Exnetwork, A195, Protocol Ventures, Genblock, Magnus Capital, Chain Asset Capital, Amesten, Crypto Dorm Fund, Master Ventures, and Bitcoin.com CEO Danish Chaudhari participated in the investment.

Solana-based encryption index protocol Symmetry completes first round of financing led by Alameda Research

According to official news, Symmetry, a decentralized encryption index protocol based on the Solana blockchain, announced the completion of the first round of financing. Alameda Research led the investment, and Coin98 Ventures, Genesis Block Ventures, Rarestone Capital, ROK Capital and others participated in the investment.

global policy

global policy

Thailand's SEC announces it will regulate DeFi
Thailand’s Securities and Exchange Commission (SEC) has announced that any activity related to DeFi may require a license from the financial regulator in the near future. Thailand's SEC has made it clear that it will target DeFi protocols that issue tokens. The regulator stated that the issuance of digital tokens must be authorized and supervised by the Securities and Exchange Commission, and issuers must disclose information and provide tokens through token portal portals licensed under the Digital Assets Act.

Niran Pravithana, CEO of investment robo-advisor app Ava Advisor, commented that the decision was justified because there are many fraudulent tokens that criminals can hide in messaging apps like Telegram and manipulate token prices. (Cointelegraph)

Riksbank Governor Stefan Ingves said bitcoin and other cryptocurrencies are unlikely to escape regulation. When things like consumer interests and money laundering come into play, there are good reasons to believe regulation will happen. (Bloomberg)

Character·Voice

Character·Voice

Former U.S. CFTC Chairman: USDT's value drop may have a catastrophic impact on the encryption market

Former U.S. Commodity Futures Trading Commission (CFTC) chairman Timothy Massad said the value of the stablecoin USDT could be disastrous for the broader crypto market. In the cryptocurrency market, stablecoins like USDT, whose value is pegged to the U.S. dollar and are equivalent to money market funds, should worry investors about the possibility of their value falling below $1, Massad said. Most of USDT’s asset backing is not in the form of fiat currency, and USDT holders “note that they may not get back $1 per token,” Massad said. A recent JPMorgan research note noted that a loss of confidence in USDT “could have a severe liquidity shock for Bitcoin.” Stablecoins must be more regulated, Massad said. (CoinDesk)

Dallas Mavericks Owner: Ethereum Facilitates Further Development of Cryptocurrencies

Billionaire Mark Cuban, owner of the Dallas Mavericks, said most people value speed and cost over bitcoin or ethereum. While these things may be important, think of a blockchain as a network with a development platform through smart contracts. According to Cuban, one of the things that drew him to ethereum was the life it brought to the decentralized finance (DeFi) world. Ethereum is not only a solid currency, but also facilitates the further development of cryptocurrencies and turns the digital asset world into a competitive financial space, which puts fiat currencies and credit cards on the edge. (Live Bitcoin News)

Goldman Sachs Executive: Bitcoin Is 'Definitely' a Risk Asset, Not a Safe Haven

DeFi
invest
policy
mining
Welcome to Join Odaily Official Community