News

  • Grayscale is about to submit a spot Bitcoin ETF application

    According to CNBC reports, people familiar with the matter revealed that Grayscale Investments plans to submit an application early next week to convert the world’s largest Bitcoin fund into a spot ETF. The person said that once the US Securities and Exchange Commission (SEC) approves the futures-based Bitcoin ETF, Grayscale intends to immediately submit an application to the SEC. According to a revised prospectus submitted by asset management company ProShares on Friday, its Bitcoin futures-based exchange-traded fund (ETF) “ProShares Bitcoin Strategy ETF” is scheduled to appear on the New York Stock Exchange Arca on Monday (October 18)….

    Bitcoin News 2021-10-17
  • Small retail central bank digital currency research and development countries are actually at the forefront

    For central banks that are still struggling whether their country’s digital currency is for wholesale or retail, the Bahamas and Eastern Caribbean countries in the Caribbean have taken the lead in taking the lead in retailing. A survey conducted by the Bank for International Settlements shows that the number of central banks that choose retail central bank digital currency research and development paths is gradually increasing, and the relevant emerging economies have also taken the lead in achieving certain progress and are at the forefront of retail central bank digital currency research and…

    News 2021-10-17
  • FinCEN report: The number of ransomware in 2021 is expected to break the 2020 record

    Summary: FinCEN, the US Treasury Department’s Anti-Money Laundering Office, found that the number of ransomware in 2021 is expected to exceed the record in 2020. However, there are some problems with FinCEN’s data presentation, which may exaggerate the amount paid by ransomware. It is likely that what is happening is an improvement in filing compliance. The US anti-money laundering regulator released a new report on the surge in ransomware payment activities in 2021. But is this a surge in ransomware, or a surge in reports related to ransomware? The US Financial…

    News 2021-10-17
  • Yao Qian: The global “new currency war” triggered by Bitcoin has just begun

    Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission, said that with the rise of the modern information technology revolution, the impact of technology on currency is reaching an unprecedented level. Bitcoin has triggered a global large-scale digital currency experiment. The digital age has come, and the digital currency era is bound to come. A few days ago, Yao Qian, director of the Science and Technology Regulatory Bureau of the China Securities Regulatory Commission, wrote an article in the “Comparison” magazine, expounding the development of the…

    Bitcoin News 2021-10-17
  • Wen Xinxiang, Payment Department of the Central Bank: Virtual currency brings 3 major challenges to the payment system

    News from the mobile payment network: In recent years, the rapid development of virtual currencies represented by Bitcoin has attracted widespread attention from regulatory agencies in various countries. Generally speaking, virtual currencies can be roughly divided into two types. One is represented by Bitcoin, and the attributes of virtual assets are more prominent, which to a certain extent become a “reservoir” of excess liquidity; the other is based on TEDA coins. The stable currency represented is more of a payment tool. From the perspective of infrastructure, the blockchain is equivalent to a virtual currency payment…

    News 2021-10-17
  • An article analyzes where is the development direction of ETH Layer2?

    According to the classification of technical principles, ETH Layer2 can be divided into Plasma, Rollups and Sidechains. These solutions have their own advantages and disadvantages in terms of implementation logic, security, scalability, and degree of decentralization. Plasma Plasma was first proposed by Ethereum ‘s core developers Vitalik and Joseph in their paper “Plasma: Scalabe Autonomous Smart Contracts”. Plasma is composed of countless sub-chains constructed by smart contracts and Merkle trees. It transfers transactions to the sub-chains for calculation and storage, and regularly reports the results of status changes to the main chain to handle disputes. Its implementation…

    2021-10-17 Ethereum News
  • Why is the blockchain only successful in the field of digital finance?

    ——Speech at CCF YOCSEF Zhengzhou “Where is the main battlefield for the future application of blockchain technology?” 1. Blockchain is hardly successful in the field of digital finance From a financial perspective, the development of blockchain in the field of digital finance can hardly be said to be successful. For example, the digital renminbi system basically does not use blockchain. Blockchain originated from Bitcoin , but Bitcoin itself is not currency, let alone finance. Blockchain does have many innovations in the field of digital finance, including DEFI, which was developed last year. However, the current blockchain…

    News 2021-10-17
  • The first Bitcoin futures ETF approved for listing on Nasdaq: BTC rose by over US$62,000

    On October 15, the Nasdaq official website showed that the ProShares Bitcoin futures ETF , which has been approved by the Bitcoin Strategy ETF, will be listed on the NYSE Arca exchange under the symbol BITO. However, in accordance with the process, after the Nasdaq is approved, it must be approved by the US Securities and Exchange Commission (SEC). On the 16th, according to CoinDesk, the US SEC had approved the Bitcoin futures ETF on the 15th. This is the first Bitcoin futures ETF approved for listing in the United States. According to foreign media reports,…

    Bitcoin News 2021-10-17
  • LightSpeed ​​partner Amy Wu: Steam “fears” Web 3

    If you are a senior game fan, you must have only the game “Counter Strike”. It was developed by the game company Valve in the summer of 1999. After that, the company established an online game. Steam is the purchase/service platform for genuine stand-alone games. With the rapid development of online games, Steam has now become one of the world’s largest comprehensive digital distribution platforms, allowing players to buy, download, discuss, upload and share games and software, but this platform seems to be good for NFT and blockchain games. Not friendly….

    2021-10-17
  • Web3 should develop in a more decentralized direction

    In Sub0 Online General Assembly on October 13, Boca founder Dr. Gavin Wood a keynote speech, and the developer community synchronize the progress of the development of parallel chains and other functions, parallel chains and Substrate advantage, Polkadot how to deal with supervision . The following are articles translated and summarized by PolkaWorld based on the content of the speech. Hello everyone, today I will quickly talk about three things. First of all, I will reiterate what Substrate is and the advantages of the parachain it supports. Then, I will synchronize the progress of some Substrate-related projects…

    2021-10-17 Polkadot News
  • Project Weekly|The arrow-shaped glacier upgrade will be carried out on December 8th·

    Bitcoin Bitcoin mining in Tennessee sued for generating high noise Golden Finance reported that a Bitcoin mine in Tennessee was sued by neighbors because of the high level of noise generated by the facility. The lawsuit was filed in August, requiring the mining operator Red Dog to close its business, pay personal damages, and compensate the owner for the decline in the value of the property. The current case may lead to the closure of Bitcoin mining facilities. Now the county’s planning committee has voted unanimously to close the mine. If the…

    News 2021-10-17
  • International cooperation is about to emerge: the crypto market has affected the global financial market

    The G20 Finance Ministers Summit closed on the 10th. At the meeting, a consensus was reached that “the global stable currency should not be launched before the legal and regulatory policies of various countries are not yet mature”. The main reason for this is the sudden change in market conditions. The crypto market has affected the global financial market The Financial Stability Board (FSB) issued a report in the fall of 2018 stating that cryptocurrencies will not pose a threat to the stability of the global financial system. However, the report…

    News 2021-10-17
  • Analyze why PetWorld (PW), a potential project on Binance Chain’s GAMEFI head, is favored by capital

    PetWorld (PW) is a GAMEFI token issued on the Binance Smart Chain on October 11, 2021. The PW technical team comes from Europe and has 8 years of blockchain research and development experience. The technology has always been at the forefront of the blockchain and has maintained long-term cooperation with many capital institutions. PetWorld on target to become the BSC chain AXIe , is a GameFi + DeFi + to develop the game, there are functions and develop a competitive PVP system. The project team hopes that the PVP competition in the game…

    News 2021-10-17
  • Epci and Steam’s market battle: blockchain games will be an important part

    Yesterday, Steam, the largest video game market, officially updated the terms of its game publishers, adding a new rule, that is, any games based on blockchain technology that are concurrently issued/allowed to exchange cryptocurrencies and NFTs will not be affected. Accept, the existing game will be taken off the shelf. This was first discovered by the video game developer Spacepirate, who shared the news in a tweet. SpacePirate is the developer of the NFT-based game “Age of Rust”. In the tweet, Spacepirate claimed that he and his colleagues had received official…

    News 2021-10-17
  • What will happen to the cryptocurrency market in the next 5 years?

    In 2020, we have witnessed the rise of decentralized finance, liquid mining and governance tokens. In 2021, the situation will hardly change, the price of cryptocurrency will continue to rise, and more and more people will adopt cryptocurrency, and this popular trend continues to affect the traditional economy. It is undeniable that this fashion trend has severely accelerated the world’s full entry into the digital age. From ordering food to buying art, people are becoming more and more accustomed to using smartphones or laptops. So from now on, what do you think cryptocurrency…

    News 2021-10-16
  • How will Coinbase’s new proposal break the regulatory dilemma in the crypto industry?

    Brian Armstrong, CEO of Coinbase , the leading US crypto exchange , said in a tweet yesterday that Coinbase has launched its digital asset policy proposal, hoping to define the US’s regulation of cryptocurrencies and Web3.  The official name of the proposal is “Digital Asset Policy Proposal: Protecting America’s Financial Leadership”, hosted on GitHub, and aims to trigger a conversation about regulatory encryption by changing the high-level views of today’s financial institutions. “It is vital to make this industry clear,” Armstrong wrote on Twitter.  Armstrong believes that although Coinbase has shared this initiative, it…

    News 2021-10-16
  • US SEC tells you: Invest in ETFs holding BTC futures contracts, please pay attention to these

    Recently, big news about cryptocurrency is constantly fermenting, and there are rumors that the US SEC will adopt Bitcoin futures ETF. According to Bloomberg News, people familiar with the matter revealed that the US SEC is preparing to allow the first Bitcoin futures ETF in the US to trade. People familiar with the matter said that US regulators are unlikely to prevent these products from starting trading next week. Unlike the Bitcoin ETF application previously rejected by regulators, the applications of ProShares and Invesco are based on the futures contract being submitted under mutual…

    2021-10-16
  • The U.S. of Bitcoin ETFs has gone from unattainable to imminent for eight years

    On October 15, according to Bloomberg News, a person familiar with the matter said that the Bitcoin futures ETF is reportedly not opposed by the SEC. The market reacted quickly, and Bitcoin rose accordingly. On October 9, according to Bloomberg News, 4 BTC ETFs are expected to be approved by the US Securities and Exchange Commission (SEC) at the end of October. The SEC may decide at the end of October whether to approve, reject or delay the listing application of such ETFs. Bloomberg ETF analyst James Seyffart said that he believes that approval is…

    2021-10-16
  • What happened during the year when the Filecoin mainnet went live?

    From the release of the white paper and ICO at the end of 2017, to the launch of the mainnet on the evening of October 15, 2020, Filecoin made everyone wait for about three years. During the “Space Race” test before the mainnet launch, the market was full of gunpowder-flavored debate scenes, but in a blink of an eye, the Filecoin mainnet has been running for a year. Has this “Big Mac” project, which raised more than US$200 million in half an hour, met market expectations? What are the “stories” worth remembering in…

    2021-10-16 News
  • Analysis of the first US Bitcoin futures ETF: characteristics, risks, impact and the future

    From 2013 to the present, after waiting year after year, it is finally coming, and the first Bitcoin ETF in the United States is about to be born. The Bitcoin strategy ETF approved by the US SEC for the first time and applied by ProShares this summer will officially start trading next week (October 18). This article will focus on the first Bitcoin ETF in the United States and interpret its nature and potential significance. What is the first Bitcoin ETF in the United States? The full name of the first Bitcoin ETF in the United…

    Bitcoin News 2021-10-16