News

  • Xiao Sa: It is not appropriate to evaluate the operation of the currency circle with the crime of illegal operation

    Last night, a piece of news touched the hearts of virtual currency related personnel. A well-known financial media broke out: “A number of people familiar with the supervision told reporters that after the central bank’s “Notice” was issued, the public, prosecutors, and legal authorities were violating virtual currency exchanges and mining. Research on relevant situations such as mines, explore the specific path of conviction and sentencing, and it is expected that relevant judicial interpretations will be issued in due course.” As soon as the news came out, many readers asked…

    News 2021-10-12
  • Founder’s Statement: The hidden secrets behind LTC

    On the occasion of Litecoin’s 10th anniversary, the creator Charlie Lee dictated the “history” to us through a Twitter thread. It takes us back to the initial stages of the crypto world and uses documents and images to let us know some of the secrets of Litecoin. The copycat pattern before LTC As we are about to celebrate the 10th anniversary of Litecoin, I think from my perspective, now is a good time for the history of LTC. My memory of events can sometimes be vague, so for those mentioned, please correct anything…

    2021-10-12 News
  • Multi-chain and an increasingly mature decentralized world

    Scalable blockchains are competing for DeFi market share. In Ethernet Square inside and outside the building scalable solutions to fight is heating up. At the beginning of 2020, Ethereum’s fees were not a problem for most DeFi users; then, DeFi Summer began a year of crazy growth, resulting in higher and higher gas fees on Ethereum. The high gas fees on Ethereum began to prompt every developer and investor to find a faster and cheaper blockchain to reduce user costs. Since then, as dozens of development teams build scalable solutions to attract billions of users,…

    2021-10-11
  • In the multi-chain era, how to choose the bridge that suits you best?

    In the DeFi Summer of 2020, a large number of high-quality DeFi projects have emerged. In this summer’s feast, the ecology of a few EVM public chains has gradually prospered. This DeFi feast has basically established the current DeFi paradigm. In recent months, market sentiment has continuously shifted to new networks, and new networks have emerged one after another. When one day in the future we stand in the prosperous world of the multi-chain era and look back, we may find that this summer that has passed is the MultiChain Summer that…

    2021-10-11 News
  • Who will be the next giant to enter the game for capital to grab the beach?

    Since the beginning of this year, the concept of Meta Universe has quickly broken the circle and has become a hot spot in the primary and secondary markets. In 2018, Spielberg described the specific scenes of virtual reality in the future world in the movie “Ready Player One”. These ideas for Metaverse not only inspired the audience, but also brought new inspiration to some technology companies. Since its inception, Meta Universe has rapidly expanded and gradually penetrated into business models, which has the potential to replace the Internet as a new…

    2021-10-11 News
  • Bitcoin price strength rises above $57,000 for the first time since May 12

    On October 11, Bitcoin stood at $57,000 per coin , the first time since May 12. According to CoinGecko data, the total market value of the current cryptocurrency market is US$2.43 trillion, and the Bitcoin market share is 44.0%. According to Asset Dash data, the current market value of Bitcoin has reached $1.064 trillion, and it has risen to the sixth place, surpassing Facebook and Tesla. Shortly before this, George Soros’s family office confirmed that it holds a small amount of Bitcoin, which shows that even if it is only a small position, large investors…

    2021-10-11
  • Understand Hyperledger Consortium Chain Solution in One Article

    Hyperledger is currently the most widely used development framework and the largest open source collaboration organization in the consortium chain field. It itself is an open source collaborative project, sponsored by the Linux Foundation, and its partners include leaders in the fields of finance, banking, Internet of Things, supply chain, manufacturing, and technology. Official information mentions that it aims to promote cross-industry blockchain technology. At present, there are 6 formed open source projects and 10 open source projects still in incubation. 分别为Hyperledger Aries、Hyperledger Besu、Hyperledger Fabric、Hyperledger Indy、Hyperledger Iroha、Hyperledger Sawtoothh和Hyperledger Avalon、Hyperledger Burrow、Hyperledger Cactus、Hyperledger Caliper、Hyperledger…

    News 2021-10-11
  • Popular Science: Understanding Bitcoin ETF in Five Minutes

    According to reports, the SEC may decide again at the end of October 2021 whether to approve, reject or delay the Bitcoin ETF listing application. Bloomberg ETF analyst James Seyffart said that he believes that approval is very likely. “The SEC and its chairman Gensler have no reason to make positive comments on the Bitcoin futures ETF based on the 1940 law at the end of September. The opposite decision will be made after a month.” It is reported that as of the beginning of October, a total of 9 Bitcoin…

    News 2021-10-11
  • Launched MetaMask to acquire Quorum Consensys and refinancing estimated value of 3 billion US dollars

    According to the British Financial Times reported citing informed sources, the Ethernet Square wallet MetaMask developers Consensys ongoing new round of financing, the latest valuation is expected to exceed $ 3 billion. In April of this year, ConsenSys raised $65 million through investors such as JPMorgan Chase, MasterCard, UBS, and Protocol Labs. ConsenSys mainly develops and invests in projects built on Ethereum. Its founder, Joseph Lubin, is also the co-founder of Ethereum. According to the official website, there are currently six products available, including: Codefi, MetaMask, Diligence, Quorum, Infura, and Truffle. Among these six products, MetaMask…

    2021-10-11
  • Take Mirror as an example, interoperability may drain the moat of Web 2

    Interoperability is the connecting line of future social networks. This is the reason why Facebook and Twitter are working hard to fundamentally transform their existing products. It is also the reason why I think the cryptocurrency publishing platform Mirror–the place where this article was published–is underestimated, even though it won a year after its release. A round of 100 million US dollars of financing. Interoperability means that in order to succeed in the future, the builders will design individual Lego pieces instead of the entire sculpture. Currently, the world of consumer technology…

    2021-10-11 News
  • The multi-chain era broke out from 5 perspectives to fully explain those new “promising” solutions

    “If you want to get rich, build roads first.” I believe that as long as you are not too young, you should be very familiar with this slogan. What does this have to do with blockchain? Because we have also begun to “build roads”, but here, we call it “bridge”. There was only one Ethereum in the world , just like a big village, where all the production and consumption activities are there, blacksmith shops, farms, money houses, bazaars…everyone is very close to each other, there is no “road” problem. Now the blockchain has officially…

    News 2021-10-11
  • Can foreign entities operate virtual currency business in China?

    With the launch and implementation of the “Notice on Renovating Virtual Currency “Mining” Activities” and the “Notice on Further Preventing and Disposing of the Risks of Virtual Currency Trading Hype” on September 24, 2021, Sister Sa’s team has received many currency circles recently. , Friends in the mining circle have legal consultations about the content of the new regulations. In order to facilitate understanding of the risks, we have sorted out some of the focus issues in the form of question and answer in this article for readers’ reference: The…

    News 2021-10-11
  • Vice President of the Bank of China Research Institute: Development Prospects and Challenges of the Digital Euro

    Key points If the digital euro is properly designed and used, it can significantly improve the European payment system, but the challenges it faces in terms of privacy security, financial risks, supervision, and infrastructure cannot be ignored. In addition, the digital euro may have an impact on the international financial system and monetary system. Digital currency is the engine of the digital economy and the booster of the digital society. In recent years, more and more countries and regions have actively explored the digital form of legal tender, and the central bank…

    News 2021-10-10
  • Blockchain Value Flow Report: Part One

    This report is part of a series of reports introducing the concept of value stream in the blockchain industry. In these reports, we will analyze how value enters the industry and what path it will follow once it enters the industry. In this article, we focused on the top 4 cryptocurrencies by market capitalization, trying to determine the source of their value, etc. The blockchain industry will grow exponentially in 2021. Several blockchain categories performed well. Whether it’s joining the DeFi competition, creating billions of dollars in revenue in the NFT field, or attracting…

    2021-10-10 News
  • Deng Jianpeng: Thoughts on Stablecoin Supervision Countermeasures

    In September 2021, the People’s Bank of China, in conjunction with the Supreme Court, the Supreme Procuratorate and other ministries and commissions, issued the “Notice on Further Preventing and Disposing of the Risks of Virtual Currency Trading The main characteristics of monetary authority issuing, using encryption technology and distributed accounts or similar technologies, and being in digital form, are not legally compensated, and should not and cannot be used as currency in the market.” This is the first time the central bank has issued it since 2013. Since the regulatory…

    News 2021-10-10
  • Central Bank Governor Yi Gang’s latest remarks on “payment supervision”

    Mobile Payment Network News, on October 7, the Governor of the People’s Bank of China Yi Gang stated at the “International Conference on the Supervision of Large-scale Technology Companies at the Bank for International Settlements (BIS)” The penetration rate has reached 86%. The universal application of QR code payment methods eliminates the need for merchants to purchase acceptance terminals and other equipment, greatly improving the timeliness of payment and reducing transaction costs. China’s mobile payment and online payment rates do not exceed 0.6%, and users can also enjoy customized financial products when…

    News 2021-10-10
  • New pattern after payment interconnection

    News from the mobile payment network: After a long period of silence, the interconnection of payment made waves again, and Cloud QuickPass opened up WeChat Pay and Alipay. Behind the new progress, new thinking has been brought to the industry. The new situation of payment interconnection According to the official announcements of Alipay and WeChat Pay, both parties are emphasizing mutual recognition when scanning codes online. Alipay announcement: At present, 85% of Taobao shops have supported consumers to pay through cloud flash payment. In addition, in Beijing, Tianjin, Guangzhou, Shenzhen, Chengdu, Chongqing,…

    2021-10-10
  • The Central Committee of the Communist Party of China and the State Council issued the “National Standardization Development Program”

    Xinhua News Agency, Beijing, October 10th. Recently, the Central Committee of the Communist Party of China and the State Council have issued the “National Standardization Development Outline” and issued a notice requesting all regions and departments to conscientiously implement it in light of actual conditions. The main contents of the “National Standardization Development Program” are as follows. Standards are the technical support for economic activities and social development, and are an important aspect of the country’s basic system. Standardization plays a fundamental and leading role in advancing the modernization of the…

    News 2021-10-10
  • The four elements of the digital economy: value, institution, technology, and system

    Four elements of the digital economy At present, a new round of scientific and technological revolution is developing rapidly, and the digital economy has become an important engine that leads the global economic and social transformation and promotes the high-quality development of my country’s economy. At the recent Beijing Service Trade Conference, General Secretary Xi Jinping pointed out that “we will strengthen the establishment of rules in the service sector, and support Beijing and other places in the implementation of international high-level free trade agreement rules to first test, and create…

    News 2021-10-10
  • Hong Kong Monetary Authority Releases Digital Hong Kong Dollar (e-HKD) Technical White Paper

    Recently, the Hong Kong Monetary Authority released a technical white paper (white paper) entitled “e-HKD: A technical perspective” on the central bank’s digital currency at the retail level. According to the mobile payment network, the Monetary Authority announced the “FinTech 2025” strategy in June this year, which includes strengthening research on the central bank’s digital currency, so that Hong Kong can be fully prepared for related future development. In addition to continuing and expanding cooperation with other central banks to study the cross-border application of central bank digital currencies at the…

    2021-10-10