headlines

headlines

Central Bank: G20 agrees to strengthen cross-border coordination and strictly supervise various encrypted assets such as stablecoins
On July 15-16, 2022, Indonesia, the rotating presidency of the Group of Twenty (G20), hosted the third meeting of G20 finance ministers and central bank governors in Bali in an online and offline manner. The People's Bank of China President Yi Gang attended the meeting and delivered a speech via video link, accompanied by Vice President Chen Yulu.

Participants generally agreed that the global financial system's ability to resist risks should be further improved. All parties support strengthening coordination in the implementation of relevant international standards, focusing on preventing cross-border spillovers, and maintaining global financial stability. All parties support the continued implementation of the "G20 Cross-Border Payment Roadmap", agree to strengthen cross-border coordination, and strictly supervise various encrypted assets such as stablecoins. (Official website of the People's Bank of China)

Otherside Completes First Trip Technology Demonstration and Releases Litepaper
News Yuga Labs metaverse project Otherside has completed the "First Trip" technology demonstration early this morning and released a Litepaper.
This document can be used as an introductory guide for Otherside, covering the basic principles of the platform, developer capabilities, and the possibility of community co-creation. The content of Litepaper will increase and change over time. Eventually, it will be replaced by The Codex (the second phase of Voyager's journey and an Otherside living document).
Otherside also stated that if the user has participated in First Trip or watched the live broadcast, the metadata of the Otherdeed NFT has been updated, and the participation record can be viewed at otherside.xyz/my-otherdeeds connected wallet.

As previously reported, Otherside plans to deploy a technology demonstration from the first phase of the Otherside roadmap. Access to this "First Trip" experience will be restricted to Otherdeed plot owners, known as Voyagers. The platform describes it as "a celebration of what's to come and an opportunity for Voyagers to gather, explore and plan".

Premint is hacked, do not sign any transactions that set approval for everyone

According to official news, the NFT PASS platform Premint was hacked, please do not sign any transactions that set approval for everyone.
The SlowMist security team reminds users that if you use the premint.xyz platform, please check the authorization settings and cancel the malicious authorization in time. For tools to cancel authorization, see "Original Link".

cryptocurrency

cryptocurrency

AEX: Suspend platform-related services and fully cooperate with the police investigation

AEX officially issued an announcement saying, "According to the requirements of the Guangxi police, platform-related services will be suspended at 15:32 on July 17, 2022 (UTC+8), and we will fully cooperate with the police investigation. Please wait for the police announcement in the future."

The Celsius subsidiary currently has 80,850 mining machines and had auctioned off about 7,000 before filing for bankruptcy
According to the bankruptcy documents of Celsius, Celsius Mining, a subsidiary of Celsius, currently has 80,850 mining machines, of which 43,632 mining machines are in operation, and it is expected to operate 120,000 mining machines by the end of the year.
In the 7 days before July 14, Celsius Mining produced 14.2 bitcoins per day, a total of 3114 bitcoins will be produced in 2021, and an estimated 10118 bitcoins will be produced in 2022.

Before filing for bankruptcy, Celsius reportedly sold around 7,000 mining rigs in a confidential auction. (BeInCrypto)

Arbitrum Rollup Görli testnet is live on Nitro

Arbitrum’s new Nitro Görli testnet is now live and will replace the current Nitro Görli Devnet. Arbitrum will also migrate the Rinkeby testnet to Nitro this month. This will mean that all Arbitrum testnets will run on Nitro, making it only an Arbitrum One migration when upgrading to Nitro as a whole.

PoS blockchain network Sui releases Chrome extension wallet for testing
It is reported that Sui is a public chain project being developed by Mysten Labs, a Web3 infrastructure start-up company, and recently released the test network Sui DevNet. According to The Information, citing sources, Mysten Labs is negotiating for at least $200 million in Series B financing, with FTX Ventures leading the round, with a target valuation of $2 billion. Investors have pledged at least $140 million so far.

GameFi and NFTs

GameFi and NFTs

STEPN: APE Realm will open next week, APE shoeboxes have been airdropped to BAYC holders

Move to Earn app STEPN has announced that the APE Realm will open next week. APE Shoeboxes have been airdropped to BAYC holders at 18:00 on July 16. In addition, the snapshot time for Genesis/OG/Enhancement users is at 18:00 on July 17.

Binance scales back investment in Axie Infinity developer Sky Mavis

Binance has significantly reduced its investment in Sky Mavis, the developer of blockchain game Axie Infinity.
At the same time, the Secure3 team will be committed to the community building of security audits, recruit talents, produce high-quality industry and scientific research reports, and establish an open security think tank and information base.

Investment and Financing

Decentralized museum Arkive completes $9.7 million in financing led by Offline and TCG Crypto

Arkive, a decentralized physical museum, completed a financing of US$9.7 million, led by Offline and TCG Crypto, with participation from NFX, Freestyle Capital, Coinbase Ventures, Not Boring Capital, Precursor, Chainforest, Joe McCann, Marty Bell, Pantera Capital partner Paul Veradittakit, etc. .

Empiric Network, a decentralized oracle network, completes $7 million in financing, led by Variant

Empiric Network, a decentralized blockchain oracle machine based on StarkNet, completed a $7 million financing led by Variant. Participating investors include data partners Alameda, CMT, Flow Traders, Gemini, Jane Street, and ecosystem partners StarkWare and Polygon. Founder Sandeep Nailwal et al. Empiric co-founder Karl Oskar Schulz said the new funding will be used primarily to hire and expand the development team.

It is reported that Empiric Network hopes to find the underlying sources of decentralized data: cryptocurrency exchanges and large market makers. Its proprietary data is uploaded to the chain. StarkNet, created by StarkWare, offers lower fees, higher transaction speeds, and the ability to perform on-chain computations. (CoinDesk)

Blockchain Security Ecosystem Startup Secure3 Completes $5 Million Financing, Zonff Partners and Others Participate

According to official news, Secure3, a blockchain security ecosystem start-up company, recently completed a $5 million seed round of financing, led by Mirana Ventures, GGV Capital’s Sail Acceleration Plan, Zonff Partners, HashKey, SpringWind Ventures, Eastlink Capital, Alumni Ventures, ArkStream Capital Venture capital funds, institutions and angel investors followed suit.
This round of financing will be used by the Secure3 team to build a decentralized smart contract audit ecosystem, including establishing a one-stop smart contract security service platform, building high-quality and professional smart contract security standards, expanding the scope of services, and improving the security audit user experience, etc. .
At the same time, the Secure3 team will be committed to the community building of security audits, recruit talents, produce high-quality industry and scientific research reports, and establish an open security think tank and information base.

global regulation

global regulation

India's finance minister calls on G20 to include cryptocurrencies in global framework for automatic exchange of information
India's finance minister has called on G20 countries to include cryptocurrencies in the "Automatic Exchange of Information" framework. It is reported that the "Automatic Exchange of Information (AEOI)" framework aims to reduce global tax evasion, and more than 100 countries have committed to adopt the Common Reporting Standard (CRS) under this framework.

Indian Finance Minister Nirmala Sitharaman spoke about cryptocurrencies at the G20 Ministerial Seminar on Taxation and Development. She pointed to tax transparency as an area where "great strides have been made in the automatic exchange of financial account information," and "our investigations show that tax evaders often set up multi-tiered entities to hide their unidentified assets."

Andorra Passes Digital Assets Bill
The Andorran General Council recently passed the Digital Assets Act, a regulatory framework for digital currencies and blockchain technology.
The bill is divided into two parts. The first part involves creating digital currencies, or "programmable digital sovereign currencies," that can be transacted in a closed system. In fact, this will allow Andorrans to create their own tokens. The second part refers to digital assets as financial instruments and aims to create an environment in which blockchain and distributed ledger technology can be regulated.
It is reported that Andorra is a small European country located between France and Spain. (Cointelegraph)

character * voice

character * voice

DHS member: U.S. government knows who Satoshi Nakamoto is

According to a tweet posted by CoinHub, a member of the U.S. Department of Homeland Security stated during a meeting with the SEC that the U.S. government knows who Satoshi Nakamoto is, and it is a group of four.

Ripple CEO: The company needs to spend more than $100 million in legal fees to deal with the SEC lawsuit

Ripple CEO Brad Garlinghouse recently emphasized the cost of fighting the SEC in an interview at the Consensus 2022 conference. Garlinghouse said the company will spend more than $100 million in legal fees by the end of the lawsuit.

a16z joint venture Marc Andreessen: DeFi can achieve the ultimate goal of the Internet

Marc Andreessen, co-founder of a16z, said in an interview with McKinsey's "Quarterly Interview: The Provocation of Thinking" that many new technologies will have a lot of negative reactions at the beginning of their birth, but cryptocurrencies are far beyond these scopes, and people will feel about them. Fear and loathing. When seeing the fierce criticism against cryptocurrencies, distributed ledger technology and blockchain, Marc Andreessen sees the resistance as "an incredible gift to the founders and our company" as encryption brings economic activity to the Internet , which is the most important thing.

He said, "You want all the concepts we are used to in the real world, such as identity, contracts, money, titles and trust-the mechanism of a trustworthy economy, which the Internet does not have. DeFi can accomplish the ultimate goal of the Internet and is the core of the Internet. The second half, building a layer of trust on an open and permissionless network that everyone can access.” (Fortune)

Cathie Wood: DeFi's smart contracts and transparency are mitigations for problems associated with traditional financial markets