News

  • In- depth interpretation of the latest U.S. bipartisan encryption regulation bill

    On June 7, 2022, two U.S. senators jointly proposed a proposal for the Responsible Financial Innovation Act (Responsible Financial Innovation Act) in the field of encryption, which involves the operation of cryptocurrencies and encrypted assets, as well as the jurisdiction of the CFTC and SEC , stablecoin regulation, banking, tax treatment of digital assets, etc. The previous regulatory changes have had a great impact on the crypto industry, which is one of the reasons why you should pay attention to this bill. In addition to interpreting the bill, the last part of…

    News 2022-06-21
  • a16z: We are in the middle of the fourth crypto market

    To sum up, from the emergence of BTC to the present, cryptocurrency has developed for more than ten years. With the development and innovation of cryptocurrency and blockchain, the Internet Web3 era has begun to attract more and more people’s attention. The development of the Internet is currently divided into three stages, namely Web1, Web2, and Web3. Web1 happened circa 1990-2005 and was mostly about decentralization and community-governed open protocols, where most of the value was concentrated on users and builders. Web2 happened around 2005-2020 and was a closed, centralized era service…

    2022-06-21 News
  • How to put a bear market in perspective? What will happen next?

    You have realized that you are in a bear market. You may have lost more money in the past few weeks/months than you have been in a long time. As it turns out, not only is the loss figure going up, but if it sounds like a Ponzi scheme and tweets like a brash bastard, it might really be a Ponzi scheme. When a bear market happens, everyone wants to talk about something, and the crash day of cryptocurrencies sends everyone into a panic and out of the industry. The most important…

    Ethereum News 2022-06-21
  • Ethereum’s Upcoming Grey Glacier Upgrade

    A week ago, Tim Beiko of EF published an article on the EF Blog stating that the Ethereum network will undergo a scheduled network upgrade at block 15,050,000, which is expected to take place on June 29, 2022. But the exact date may change due to different block times and time zones. The teams involved with Ethereum nodes will need to upgrade their nodes by June 27, 2022. This upgrade is called Gray Glacier. Grey Glacier is the same upgrade as network upgrades like Byzantium, Constantinople, Muir Glacier, London and Arrow…

    2022-06-21
  • Talking about the Reflexivity of Blockchain: Industry Cycle and Market Risk Management

    Why are the bull and bear markets in the currency circle changing so frequently? Why is the average life cycle of a blockchain project so short? What exactly is a death spiral? These problems may all be explained by Soros’s theory of reflexivity. This article will firstly introduce the theory of reflexivity and its application in the stock market cycle; secondly, analyze the reflexivity in the blockchain industry by comparing the stock market and the currency circle, and explain the reasons for the bull and bear market cycle in the currency circle; finally, use…

    2022-06-21
  • Trends of investment institutions in the blockchain industry in the first half of June

    In June 2022, the largest amount of financing in the blockchain industry was the $113 million financing of Indonesian crypto exchange Pintu. The second is the $100 million financing of Nfinite, the main immersive e-commerce solution. The financing of the current encrypted trading platform also includes Mara. Congrats to Orderly Network, a decentralized trading protocol invested by Hoo Fund, which has completed a $20 million financing. In addition to Hoo, Three Arrows Capital, Sequoia China and Jump Crypto also participated in the investment. In this issue of the DeFi sector,…

    News 2022-06-21
  • Digital Alchemy: Postmodern Crypto Edition

    According to historical records, creating something out of nothing, fighting more with less, wolves with empty gloves, and four or two dialing a thousand — has always been the favorite thing for human beings to do. Because it represents wisdom, it represents creation. Animals can only ask for one-to-one from nature, but humans can help nature open endless blind boxes. Humans use their inexhaustible brain holes to create astonishing civilizations and technologies. Then, a great deal of time and wisdom will be spent studying alchemy. Take Newton for example. Thousands of pages of history…

    News 2022-06-21
  • IE can’t pry Web3.0

    Finally say goodbye to IE, no matter whether people love it or criticize it, the era of IE has finally come to an end. In 1969, the emergence of ARPANET marked the birth of the Internet, but it was not until the emergence of star-level products such as IE that the Internet completely detonated and truly entered the life of ordinary people. With IE opening up a new world of web surfing for people, the Internet industry began to explode, companies such as Google and Baidu began to rise, and mankind…

    News 2022-06-21
  • What the heck is Web3? What does it have to do with blockchain?

    In the past month, the trend data of web3 in the WeChat index once surpassed that of the blockchain. Since December last year, the word web3 suddenly came out of the circle, entered the traditional Internet, and then began to spread. Judging from the recent financing situation and entrepreneurial dynamics in the Internet circle, it seems that traditional VCs are calling for “ALL in Web3”. So what exactly is Web3? How will the future develop? The vernacular blockchain will take you to clear the fog and disenchant Web3. What is…

    News 2022-06-21
  • Michael Saylor: Many cryptocurrencies are “unregistered securities” and need regulation

    Microstrategy CEO Michael Saylor has called on regulators to regulate the chaotic crypto market, saying many of the cryptocurrencies in the industry are “unregistered securities” and that immature, high-risk practices or “horrific practices” by some practitioners have dragged down the Bitcoin price. Speaking on a recent podcast with NorthmanTrader founder Sven Henrich, Saylor said that Bitcoin is caught in the “crossfire” of the collapsing crypto market, as it often serves as collateral for some altcoin margin loans. He believes that many of the cryptocurrencies currently in circulation must be considered “unregistered…

    News 2022-06-20
  • Reflexivity in the blockchain industry

    Why are the bull and bear markets in the currency circle changing so frequently? Why is the average life cycle of a blockchain project so short? What exactly is a death spiral? These problems may all be explained by Soros’s theory of reflexivity. This article will firstly introduce the theory of reflexivity and its application in the stock market cycle; secondly, analyze the reflexivity in the blockchain industry by comparing the stock market and the currency circle, and explain the reasons for the bull and bear market cycle in the currency circle; finally, use…

    News 2022-06-20
  • Coinshares Research: Will Tether Bring Systemic Risk to Crypto Markets?

    We take a look at the reserves of the USDT stablecoin backing Tether and compare it to other similar assets in DeFi and TradFi. The debacle of TerraUSD (UST) has raised doubts about all stablecoins, stable or not, and raised new questions about what reserves underpin the value of these stablecoins. Investors and users, as well as politicians and regulators, are expressing these concerns. Many believe that stablecoins pose risks to both consumers and the wider economy. Before the collapse of UST, the value of all UST in circulation was approximately $18.6 billion,…

    2022-06-20 News
  • Solend abolished the proposal of “taking over the giant whale” to clear the “bomb”

    The crypto asset market has been declining for days, and liquidity risks have begun to shift to DeFi applications on the blockchain. On the Solana chain, Solend, the largest lending platform, has been concerned about bad debts recently. On June 19, Solend suddenly launched a governance proposal called “SLND1: Reducing the Risk of Giant Whales” in the community, planning to raise the liquidation threshold for users with large mortgage positions and take over a giant whale account with liquidation risk. The platform’s first proposal since its inception ended in a hasty vote…

    News 2022-06-20
  • Fortune talks to Vitalik and his son: Many people are too negative about Ethereum’s move to PoS

    Ethereum founder Vitalik is not worried about the current collapse of the cryptocurrency, and he does not like his creation for speculation. Vitalik’s father was named Dmitry Buterin, commonly known as Dima. A Russian-born engineer and entrepreneur whose family moved to Canada, Vitalik learned about Bitcoin from his father as a teenager. Vitalik and Dima told Fortune they’re used to the volatility of cryptocurrencies, but this Father’s Day, the most prominent father-son duo in DeFi has another message for us : Where else can cryptocurrencies be used. “Cryptocurrencies have had their big…

    News 2022-06-20
  • Solend’s temporary takeover of the giant whale account leads to a controversial new proposal to revoke the takeover

    On June 19, 2022, the governance proposal SLND1 initiated by Solend, an ecological lending protocol of Solana, was passed with 1.15 million votes in favor (97.5%) and 30,000 votes against (2.5%). The proposal imposes special margin requirements on giant whales that account for more than 20% of the total loan amount. If the user’s loan amount exceeds 20% of the total loan amount in the main pool, a special liquidation threshold of 35% is required, and Solend Labs is granted to take over the giant whale account. emergency powers to…

    News 2022-06-20
  • Another prospect of the best public chain Polkadot ecological development for DApp development

    background A few weeks ago, because of a well-known media article “The First Pair of “Virtual Shoes for 3 Million People”, StepN became popular in the domestic Internet circle, and even attracted a well-known media V teacher Liu Run to write an article, it can be said that As another application of Web3, StepN successfully completed the task of getting out of the circle. But if you are a practitioner of Web3, you may already know the story later. StepN has not become a product that can continue to bring…

    2022-06-20 Polkadot News
  • Market ups and downs Top banks are still expanding their crypto investment landscape

    Back in August 2021, blockchain analytics firm Blockdata revealed to us that 55 of the top 100 banks by assets under management have invested directly or indirectly through subsidiaries in cryptocurrency and blockchain-related investments. company. Based on the number of investments in crypto/blockchain companies, the most active investors are Barclays (19), Citigroup (9), Goldman Sachs (8), JPMorgan (7) and BNP Paribas (6). Family). Since then, the crypto blockchain market has experienced considerable volatility. So what are these top banks doing in the crypto ecosystem and what have they been investing in…

    2022-06-20
  • One article to understand Web3 data track unicorns, game breakers and future stars

    If the hot word in the field of science and technology in 2021 is the Metaverse, then this year’s seat will most likely be reserved for “Web3”. All of a sudden, various popular science, analysis, outlook, and doubts come one after another, and this term has become well-deserved. Traffic password. In various views, although everyone has different definitions of Web3, there is a consensus that Web3 enables users to have ownership and autonomy over their own data, which is also a key factor in promoting the evolution of Web2 to…

    2022-06-20
  • What is the attitude of various countries towards virtual currency?

    With the rapid development of Internet technology, virtual currency represented by Bitcoin has developed into a new financial proposition that is known by more and more people. Based on the special attributes of such virtual currencies, such as decentralization, bookkeeping, constant quantity, internationalization, and anti-inflation, many people continue to pursue virtual currencies. In the past, El Salvador became the first country to “eat crabs”, and then the Myanmar government announced the stable currency USDT as the official currency! On September 7, 2021, El Salvador’s bill to use bitcoin as legal tender…

    2022-06-20 News
  • What does WEB3 look like?

    Recently, there have been more and more incidents related to WEB3. An article “WEB3.0 has nothing to do with China” became popular on the Internet within two hours of its launch, and then disappeared; the famous investment institution A16Z has invested in more than 90 WEB3 projects , attracted the attention of global investment institutions; the Japanese government released the WEB3 national strategy; the employees of well-known domestic manufacturers appeared in the WEB3 entrepreneurial wave. Some people say that WEB3 is not yet qualified and there is no real WEB3…

    2022-06-20