headlines

headlines

At the 2021 Global Wealth Management Forum, the Beijing City Sub-center "Beijing Legal Digital Currency Pilot Zone" was officially unveiled. It is reported that with the strong support of the People's Bank of China and the Beijing Local Financial Supervision and Administration Bureau, the six state-owned banks of Industry, Agriculture, China, Construction, Communications, and Postal Savings Bank are actively carrying out the pilot application of the "Beijing Legal Digital Currency Pilot Zone" in the Beijing City Sub-center. and construction and promotion work. At present, digital renminbi payment functions for multi-dimensional digital renminbi application scenarios such as shopping and consumption have been created in key areas such as Beijing Universal Resort. At the same time, digital renminbi payment and exchange methods are innovated, smart wearable payment devices are promoted, and digital renminbi exchanges are accelerated. machine to realize the convenience of exchanging domestic and foreign currencies with digital renminbi. (Bank of China Insurance News Network)

digital currency

digital currency

Nigeria to launch central bank digital currency next Monday

Nigerian President Muhammadu Buhari plans to officially launch the Nigerian Central Bank Digital Currency (CBDC), known as eNaira, on Monday, October 25, 2021, at the Abuja State Parliament House. The Central Bank of Nigeria (CBN) stated: eNaira is designed to complement rather than replace physical Naira, which will make financial transactions easier and seamless for all segments of society. At the same time, eNaira also has a digital wallet, eNaira Wallet, approved by the Central Bank of Nigeria. Users can link it with their bank accounts or pay as they go through prepaid options. Nigeria has the highest cryptocurrency ownership rate in the world at 24.2%, followed by Malaysia and Australia at 18.0% and 17.7% respectively, compared to the world average of 11.4%. (von.gov.ng)

People familiar with the matter: forecasting platform Polymarket is under investigation by the US CFTC

Forecasting platform Polymarket may have broken U.S. financial rules. The U.S. Commodity Futures Trading Commission (CFTC) is investigating whether Polymarket allowed customers to improperly trade swaps or binary options, and whether it should have registered with the agency, according to people familiar with the matter. It is reported that Polymarket is led by 23-year-old founder Shayne Coplan. The company has been in talks with investors about a new funding round that could value the company at close to $1 billion, according to two people familiar with the matter. The two people asked not to be identified because the talks are private. (Bloomberg)

Ultrasound.money data shows that as of October 23, the total amount of Ethereum destroyed since the upgrade in London exceeded 600,000. According to the current price of ETH, the total value of destroyed ETH is close to 2.4 billion US dollars. Among them, the most destroyed Ethereum application is OpenSea destroyed a total of nearly 86,000 Ethereum, and Ethereum Transfer and Uniswap V2 ranked second and third respectively, destroying nearly 54,000 and over 35,000 ETH respectively.

Alpha Homora users lost a total of 40 ETH due to the MEV robot, and the project party stated that it will fully compensate and fix the problem

Alpha Homora users lost a total of 40 ETH due to the MEV robot, and the project party stated that it will fully compensate and fix the problem

Alpha Finance Labs, a cross-chain DeFi protocol, stated that a total of 20 addresses in history lost a total of 40.93 ETH when using the leveraged mining protocol Alpha Homora V2 because the transaction was discovered by MEV robots. Alpha Finance stated that it will fully compensate these losses in the form of ALPHA tokens. Alpha Finance stated that it will fix the problem and check it at the time of transaction, so these situations will no longer happen, and security auditors OpenZeppelin and Peckshield have also confirmed the fix.

According to Terraform Labs CEO Do Kwon’s Twitter message, Terra will launch a new proposal next week to mint UST for Ozone by burning and destroying 90 million Luna in the community pool. This will reduce the total Luna supply by 90 million and increase the UST supply by approximately $3-4 billion. This operation will generate a large amount of swap fees, which is expected to increase LUNA's return on equity (minus the airdrop) to 5 times.

Blockchain industry

Blockchain industry

Investment and Financing

Investment and Financing

Merit Circle Partners with NFT Game Studio Vulcan Forged and Invests $500,000 in It

Metaverse DAO Merit Circle has reached a cooperation with NFT game studio Vulcan Forged and invested $500,000 in its flagship MMORPG VulcanVerse to purchase 100 land plots and PYR tokens. Merit Circle is a metaverse decentralized autonomous organization launched by the founder of the Axie 420 scholarship program and incubated by Flow Ventures. It mainly invests in the metaverse, including scholarship programs, purchasing metaverse land, etc., and provides educational services for its own community .

Solana Chain Tracking Tool Sonar Watch Completes Financing, Solana Capital, Basics Capital and Others Participate

According to official news, Sonar Watch, a tracking tool based on Solana, recently announced the completion of financing. SVC, Serum, Genblock Capital, Solana Capital, Basics Capital, Huobi Ventures, MGNR, Parsiq, MEXC, Gate.io labs, Koji Capital, etc. participated in the investment. It is reported that Sonar Watch is a tracking tool on the Solana blockchain, designed to display DeFi investments of public addresses on a single page.

Safle, a multi-chain identity wallet and blockchain infrastructure provider, completed a $900,000 seed round of financing, with participation from Draper Dragon Fund and others

Safle, a multi-chain identity wallet and blockchain infrastructure provider, announced the completion of a $900,000 seed round of financing, with participation from Draper Dragon Fund, Woodstock Fund, JD Kanani, and Sandeep Nailwal (founder of Polygon/MATIC). Safle is developing a non-custodial wallet infrastructure using an open governance mechanism, and the first supported chains include Polygon. Safle will also launch SAFLE, the multi-utility governance token of the Safle ecosystem. (Cointelegraph)

BSC-based NFT 3D racing game Dragon Kart completes $1.1 million in financing led by Bigcoin Capital and LuaVentures

secondary title

global policy

global policy

Bank of New York Mellon (BNY Mellon) is urging the Treasury Department to impose regulation on crypto assets alongside new EU rules. The U.S. bank recently opened a digital asset custody service base in Dublin for institutional clients investing in crypto assets. BNY Mellon met with Minister of State Seán Fleming in May to discuss crypto asset regulation in Ireland. EU-wide rules are still being discussed at European level.

Character·Voice

Character·Voice

Musk denies his colleague has ties to DOGE Foundation

Musk has denied that the head of his family office, Jared Birchall, is on the advisory board of the re-established DOGE Foundation. Musk said neither he, Jared Birchall nor any of his colleagues were involved. (U. Today)

Elon Musk Says He Will Be the First Dogecoin Trillionaire

Tesla CEO Elon Musk claimed in a recent tweet that he will become the world's first Dogecoin trillionaire. Musk's net worth has now soared to $249 billion, according to the Bloomberg Billionaires Index.

Bitcoin whale Joe007: The crypto market is about to usher in a deep decline