News

  • The Dilemma and Solution of “Illegal Awareness” in Digital Currency Crime

    Currently, digital currency has become an important part of China’s payment system. At the same time, due to the decentralization, anonymity, and openness of digital currency, it also has a certain impact on the security and stability of national financial credit funds. Due to the relatively short development time of digital currency, a legal and regulatory system for digital currency has not yet been formed, and the object of cognition of illegality is the legal standard, which leads to the lack of completeness in judging the illegality of the perpetrator in…

    News 2021-10-13
  • How has the ecosystem of Loot and Rarity developed a month after it became popular?

    In early September, Loot and Rarity quickly became the most popular NFT projects in the market within a few days, and their composability brought unlimited imagination. So one month after the launch, what has the Loot and Rarity communities “built”? On August 27th, the Loot project was born. With its full imagination and scalability, industry professionals hailed it as “NFT paradigm shift.” One month after the release of Loot, similar NFT projects continued to be born. They all had ambitions to start from “components” to create a potential “meta universe”. Before, there…

    2021-10-13
  • Australian government authorizes authorities to seize blackmailed cryptocurrencies

    Australian Home Affairs Minister Andrews said: “This tough plan aims to prevent international hackers from targeting Australian companies.” Today, the Australian Federal Government issued a plan for ransomware attacks, requiring companies with annual income of 10 million Australian dollars and above to report to the Australian Cyber ​​Security Centre (ACSC) when they are subjected to ransomware attacks, otherwise they may face civil penalties. . The plan also mentions that it will allow the Australian authorities the right to seize or freeze cryptocurrency financial transactions inside and outside of China that…

    News 2021-10-13
  • Tether’s systemic risk an imminent disaster

    The Tether collapse theory has been a long-standing stalk of the crypto community. There are currently thousands of articles on Tether-related risks, basically based on real problems such as its lack of transparency and misleading the public. I hope we have some clear information that if we do not act quickly, Bitcoin may fall below 1,000. It is always very difficult to tell our customers something real, which contributes to the uncertainty of the market. -Bitfinex & Tether CFO, Giancarlo Devasini, “Merlin” (October 2018) Just before 2019, Tether had been claiming that every USDT…

    2021-10-13 News
  • The Polkadot Parachain auction will open on November 11, the first round of auctions will be held in 5 times

     Motion 118, which opened the parachain auction on Polkadot, has been voted and approved by the Polkadot Council. This is Parity’s proposal for arranging the first set of parachain auctions on Polkadot and recommends a 3-6 months auction arrangement strategy. Based on the performance and audit status of parachains on Kusama , the Parity engineering team believes that the codes of parachains, auctions and crowdloans are ready for initial production release. After Motion 118 was voted through, Polkadot’s Slot Auction has been determined as follows: The first round: A total of 5 Auctions, starting from November 11,…

    Polkadot News 2021-10-13
  • What are the advantages of Polkadot in upgrading?

    On October 13th, Gavin tweeted that when other chains took months or even years to complete the deployment and upgrade of new network functions, Polkadot and Kusama only took 8 hours to deploy the new logic to the chain. , This is a safe, decentralized process managed by stakeholders. Subsequently, Polkadot’s official Twitter also uttered again, saying that this upgrade once again set a historical record, creating, voting and deploying a new runtime upgrade within 8 hours. The version of this upgrade is v0.9.11. In addition to the function of controlling the lease period…

    Polkadot News 2021-10-13
  • U.S. SEC approves the first Bitcoin-related ETF listed company investing in Bitcoin has already lost money

    Bitcoin ETFs have always attracted the attention of the crypto market. On October 5th, the U.S. Securities and Exchange Commission (SEC) approved the ETF application submitted by Volt Equity, which is also the first Bitcoin-related ETF product approved by the United States. The reporter learned that the ETF will not directly hold any cryptocurrency, but will consist of shares of about 30 companies, including MicroStrategy , Tesla, Square, Coinbase and PayPal. In fact, the US SEC is very cautious about Bitcoin ETFs. So far, no ETF related to Bitcoin spot trading has been approved. On September 29,…

    2021-10-12
  • How has the ecosystem of Loot and Rarity developed a month after it became popular?

    At the beginning of September, Loot and Rarity quickly became the most watched NFT projects in the market within a few days, and their composability brought unlimited imagination. So one month after the launch, what has the Loot and Rarity communities “built”? On August 27th, the Loot project turned out, and industry professionals hailed it as “NFT paradigm shift” with its full imagination and scalability. One month after the release of Loot, similar NFT projects continued to be born, all with ambitions to start from “components” to create a potential “meta universe”….

    2021-10-12
  • Bitmain stopped shipping virtual currency “mining” to mainland China and faces greater efforts to clean up

    A few days ago, affected by the new regulations governing virtual currency, Bitcoin mining machine manufacturer Bitmain issued an announcement stating that its Antmining machine will stop shipping to mainland China from October 11th, targeting mainland China that has purchased forward products. Customers will provide alternative solutions, and the adjustment of shipping policy will not affect customers in overseas markets. Bitmain also stated that in response to the carbon neutral policy, the company has completed several batches of carbon indicator purchases, which are mainly derived from clean energy power generation projects in Yunnan,…

    Bitcoin News 2021-10-12
  • The Dilemma and Solution of “Illegal Awareness” in Cryptocurrency Crime

    Currently, digital currency has become an important part of my country’s payment system. At the same time, due to the decentralization, anonymity, and openness of digital currency, it also has a certain impact on the security and stability of national financial credit funds. Due to the relatively short development time of digital currency, a legal standard system for digital currency has not yet been formed, and the object of cognition of illegality is the legal standard, which leads to the lack of completeness in judging the illegality of the perpetrator in…

    News 2021-10-12
  • Bitcoin will usher in what changes will the Taproot upgrade bring?

    On October 11, 2021, Bitcoin continued to rise. As of the early morning of October 12, it reached a price level of $57,824.6, which has basically recovered the decline since May. The crypto market has recently recovered, and discussions on the “two-headed bull” have become more enthusiastic in the market. Many people in the industry have placed higher expectations on Bitcoin. In this context, we are concerned that an important technological upgrade of the Bitcoin network-the Taproot upgrade-will be launched next month. This will be a milestone event worth paying attention…

    2021-10-12 Bitcoin News
  • DAO: A new coordination model pushed to the center of the stage

    In the book, Oli Bluffman compares the centralized organization to a spider and the distributed organization to a starfish, because if the spider’s head is cut off, the entire organization cannot survive, and every tentacle that the starfish tears off Can grow into a complete starfish. Distributed autonomous organizations have developed from natural phenomena like starfish. Crypto Fomo, the wave of telecommuting, the rise of the virtual world, and public opinion against large companies…a series of changes have led to the rapid rise of the new organizational form DAO (Decentralized…

    2021-10-12
  • Viewpoint: Imagine Ethereum in 2025

    Ethereum will serve as the global settlement layer, or from a more technical perspective, the global security and data availability layer . At that time, there was a thriving external execution layer ecosystem on Ethereum , such as Rollups and Volitions , where all users and dApps were located . These executives are not just ” scalable solutions “, they are also vibrant communities with their own culture, identity, governance, and economy. This is where all innovation will take place, and Ethereum has transformed into a somewhat rigid settlement layer . These different communities will communicate and compete with each other, but will also work hand in hand for…

    2021-10-12
  • People’s Daily Online: The origin, development and enlightenment of the meta-universe empowered by new technology

    2021 can be called the first year of the concept of meta universe. The “old term” of Meta Universe 30 years ago suddenly became popular in the post-epidemic era and kept appearing in the public eye. Facebook announced in July that it would transform from a social network company to a Meta Universe company, Tencent , ByteDance, and Microsoft. , Google and other large domestic and foreign technology companies have also entered the game. What is the meta universe? What about its emergence, development and future direction? What are the enlightenments it brings? 1. The development…

    News 2021-10-12
  • Four levels of decentralization

    The recent Facebook outage has made many web2 users realize how fragile the foundation of their core Internet services is. Most web2 services are centralized by default, but Facebook’s operations have proven to be centralized, so that when one part of the system fails, engineers are blocked from everything—even debugging tools. In the incident report released by a member of the Facebook engineering team, there is a particularly persuasive paragraph: …When our engineers worked hard to figure out what happened and why it happened, they faced two huge obstacles: First,…

    News 2021-10-12
  • Those “hard indicators” to identify the real and fake Polkadot projects (part 1)

    Many projects are being or planned to be built on Polkadot and Kusama . However, some people just say that they won’t really do this. This may be because he does not have enough resources to achieve it, or they just want to deceive the community by misusing the Polkadot and Kusama brands . It is not always easy to distinguish the true and false ” Poka Eco Project”. This guide aims to help you how to research a project that looks good. Please note that this is not telling you whether a project is a “legal project” or making a decision for you. In addition,…

    News 2021-10-12
  • Darren Lau: How to choose VC for blockchain projects? This is a consideration framework for reference

    1. Funds are abundant now. Everyone has money and they want to invest. The influx of funds into the crypto space will increase every week to satisfy this desire. But what is a good fund? How should cryptocurrency founders choose from the ever-growing list of funds and angel investors? Let’s take a closer look? 2. This is the model framework that I thought of when evaluating venture capital funds (VC). Divided into five consideration factors: Value-added financial support Past investment records Distribution scale Manpower 3. 1. Add value-identify areas in which you need…

    2021-10-12
  • One article takes you to understand the zero-knowledge proof

    Zero-knowledge proofs, ZKPs for short, we all know that a key advantage of the blockchain itself is transparency, but in many cases, smart contract applications need to protect data privacy for various commercial or legal reasons, such as Pass in real and valid data to trigger the execution of the smart contract, but this involves the risk of information leakage. How to avoid this from happening? The emergence of zero-knowledge proof solves this problem well. The research on Zero Knowledge Proof (Zero Knowledge Proof) first started in 1985 and was proposed in…

    2021-10-12
  • Ripple and Nelnet announce a $44 million joint investment in clean energy

    On October 12, according to PR Newswire,  Ripple and Nelnet’s company Nelnet Renewable Energy made a strategic ESG (Environmental, Social and Governance) investment, and made a joint investment of US$44 million in a solar energy investment fund in Nelnet. . This joint investment, mainly funded by Ripple, will provide funding for solar projects across the United States to support the transition to a cleaner and more stable energy future. The investment will help reduce US carbon emissions by more than 1.5 million tons. Ensuring a clean energy future is the top priority of every…

    News 2021-10-12
  • Concurrency and parallelism in smart contracts

    Ethereum is slow-extremely slow. Recently, I did a simple USDC approval transaction, and it took about 3 hours to verify. Here is a more instructive statistic: Ethereum publishes a block every 10-20 seconds on average. Each block contains less than 350 transactions. All of this roughly translates to 30 transactions per second. When criticizing the slowness of Ethereum, Visa’s 2000 tps is often mentioned. Maybe this is an unfair comparison, because Ethereum is still in the development stage. However, it seems unlikely that Ethereum will dominate digital finance in the short term. Ethereum’s low throughput is a fundamental problem. Ethereum is…

    News 2021-10-12