News

  • a16z: A dual-token economic model based on reputation system

    The reputation system provides an opportunity for the platform to identify and incentivize the high-quality contributions of participants, including content creation, review, community building, and gameplay. This is essential to the growth and sustainability of any web3 project. However, designing a reputation system requires complex considerations around reputation supply, distribution, and credibility. Therefore, although many people are exploring this field-from DAOs like FWB to games like Axie Infinity earning games and new social platforms like BitClout, the builders have not yet figured out the best way to design these reputation systems. Reach an agreement. Using…

    News 2021-10-10
  • Snowden’s eyes on CBDC and the future of cryptocurrency and banking

    This week’s “news” about the ability and willingness of the U.S. Treasury Department, or just a tentative balloon troll’s suggestion to mint 1 trillion U.S. dollars (1,000,000,000,000 US dollars) platinum coins to extend the country’s debt limit, reminds me of something I’m sultry Other currency readings encountered in the summer , when many people first clearly saw that the biggest obstacle to any new US infrastructure bill is not the debt ceiling, but the House of Congress. The reading I completed with my favorite infrastructure (ie electricity) while preparing lunch was a speech by…

    2021-10-10 News
  • V God attacked: El Salvador’s Bitcoin legislation runs counter to the concept of cryptocurrency

    In response to a netizen’s Reddit post, Ethereum co-founder Vitalik Buterin made critical remarks on El Salvador’s Bitcoin bill. In particular, President Nayib Bukele forced local companies to accept Bitcoin payments. Vitalik Buterin: Co-founder of Ethereum, hereinafter referred to as ” V God “. Nayib Bukele: The current President of El Salvador, the promoter of the Bitcoin Act, hereinafter referred to as President Bukele. Elon Musk : Tesla CEO, “Dogecoin Godfather”, hereinafter referred to as Musk . A Reddit user on the r/cryptocurrency subreddit posted a post: “Unpopular opinion: Mr. Bukler, President of El Salvador, should not be praised…

    2021-10-10
  • Head of a16z: Why is Web3 important?

    Venture capitalist Chris Dixon sparked a discussion on “Why Web 3 is important” on Twitter on September 27th. Dixon, partner of Andreessen Horowitz (a16z), firmly believes that “the next wave of computing innovation will be driven by decentralized technology. ”  According to Dixon, Web3 is “an Internet built on tokens and owned by builders and users.” He positioned this new era as an antidote to Web 2.0 (2005-2020). Web 2.0 was used by Facebook. Dominated by centralized platforms such as Google, Google and Amazon. He said that in Web3, “ownership and control are…

    News 2021-10-10
  • NEAR is not an Ethereum killer: it is a collaboration and enhancement of Ethereum

     Nancy: At the beginning of 2021, on the eve of the Spring Festival, Beijing was very cold. My colleagues and I resisted the severe pressure of the epidemic to go north. At that time, we already felt that the entire industry was brewing in huge opportunities, and we “traveled” and saw a lot New and old friends. During this visit, we learned that Dragonfly Capital has made a major investment in NEAR and joined the NEAR validator advisory committee. My colleague and I took a look at each other by appointment,…

    2021-10-10 Ethereum News
  • Bank of America is bullish: Warena and Illuvium establish cooperation

    Crypto collector Mike Novogratz does not seem to be as optimistic about NFTs as the rest of us. Bank of America is looking forward to a bright future. The NFT market has officially issued NFTs worth more than 10 billion U.S. dollars. In the field of NFT, even a week of slow progress is like the speed of light. This is another week of fun and games with millions of dollars worth of pictures, with millions of dollars in JPEGs. As the last quarter of this year kicked off. Let’s review the related activities in…

    2021-10-10
  • Between the tightness of cryptocurrency regulation

    The technological application potential behind the new digital assets is huge, spanning multiple fields, and is expected to be the main driving force for the growth of the financial industry in the new stage. Singapore is in a favorable position at the beginning of this wave of development and can seize the momentum of growth and establish long-term advantages. Judging from this major premise, the opening of the HKMA to cryptocurrency trading is part of the strategy of creating a complete digital asset innovation ecosystem, and it will continue to adopt a…

    News 2021-10-10
  • The mystery of Tether’s $69 billion reserve fund

    In July of this year, US Treasury Secretary Janet Yellen (Janet Yellen) convened the chairman of the Federal Reserve (Fed), the chairman of the Securities and Exchange Commission (SEC) and six other senior officials to discuss Tether . It is impossible for them not to realize this absurd situation: American inflation is increasing, the increase of the new crown epidemic threatens economic recovery, and Yellen wants to discuss a digital currency Tether, which was shot in the movie “The Mighty Ducks” Designed and invented by the former child star who missed the penalty. But…

    2021-10-10 News
  • Volt crypto revolution and technology ETF has passed Bitcoin ETF, will it be far?

    As the price of Bitcoin has risen and fluctuated around US$55,000 for several consecutive days, the possibility of US regulators approving exchange-traded funds (ETF) has once again become the focus of attention. Bloomberg pointed out that after the crypto community has waited for many years, four Bitcoin ETFs are expected to be approved by the US Securities and Exchange Commission (SEC) at the end of this month, including related products from ProShares and Valkyrie Investments. This month, the SEC must again decide whether to approve, reject or delay the listing application…

    2021-10-09
  • The mystery of Tether’s $69 billion reserve fund

    In July of this year, US Treasury Secretary Janet Yellen (Janet Yellen) convened the chairman of the Federal Reserve (Fed), the chairman of the Securities and Exchange Commission (SEC) and six other senior officials to discuss Tether . It is impossible for them not to realize this absurd situation: American inflation is increasing, the aggravation of the new crown epidemic threatens economic recovery, and Yellen wants to discuss a digital currency Tether, which was shot in the movie “The Mighty Ducks” Designed and invented by the former child star who missed the penalty. But…

    2021-10-09 News
  • From currency digitization to digital currency: currency evolution in the digital age

    When I was young, I listened to my father telling “The Story of Avanti”. There is a story about “scent” and “sound of money”. Avanti met Master Bayi eating chicken and said, “What a fragrant chicken!” Master Bayi said: “The smell of chicken is part of the chicken. You still have a cake on your hand, and the smell has gone into your cake. If you smell it, you have to pay me!” Avanti took out the money bag, held it to Master Bayi’s ear and shook it vigorously, and…

    News 2021-10-09
  • a16z: We have designed a dual-token reputation incentive system

    The reputation system can motivate participants to make high-quality contributions, including content creation, content regulation, community construction, and rule setting. This is critical to the development and sustainability of any Web 3 project. But to design a good reputation system, you need to consider many aspects such as reputation and credibility. Although many people are exploring this field, from the DAO of FWB (a private social platform based on Discord’s private server) to “play while earning” games like Axie Infinity , the industry currently does not have the best reputation system for these The design is agreed. Based on our…

    News 2021-10-09
  • Emerging public chain Fantom: From a data perspective, the reasons for Fantom’s skyrocketing

    Introduction Speed, security and decentralization. These are the three key factors surrounding the blockchain. This is called the trilemma of the blockchain. There are trade-offs between these three, and it is considered impossible to achieve all of these at the same time. However, when Fantom arrived, everything changed. Fantom was established to master all these three elements, and it has already set off a storm in DeFi while struggling to achieve impossible goals. What is Fantom? Fantom is a highly scalable blockchain platform for DeFi, cryptocurrency DApps and enterprise solutions. It is designed to overcome…

    2021-10-09 News
  • Interview with Radix’s Advanced Road: DeFi is poised to rise to the sun

    Since 2021, Grayscale ‘s trust fund has received more than US$2.3 billion in investment. Grayscale Bitcoin Trust accounts for 73% of total asset management (and more than 56% of total assets managed by cryptocurrency investment products). It is reported that Grayscale has added 13 new cryptocurrencies to its list of assets under consideration, once again showing great interest in DeFi. Wall Street people also revealed that they are more optimistic about the development of DeFi, and the prosperity of DeFi will continue. At 19:00 on October 13, 2021, a China-Japan-Korea panel will be held. The topic…

    2021-10-09
  • Why is there a 75% chance that the US Bitcoin ETF will be approved in October?

    Bitcoin ETFs have always been a topic of concern in the encryption field. It is an extremely difficult battle for investment institutions to obtain the approval of the U.S. Securities and Exchange Commission (SEC) for the country’s first Bitcoin ETF. In the past few months, more and more institutional investors have begun to support Crypto and promote the approval of this type of ETF. However, although various funds have applied for crypto ETFs in the United States, none of the institutions have received regulatory approval. approve. There are dozens of crypto ETFs awaiting…

    2021-10-09
  • Useful resources on Web3

    Web3 will continue to exist, and education will become a greater driving force to bring newcomers into this space. Especially in terms of development and user entry, more and more people are beginning to try DAO contribution and learning. Web3 education represents a paradigm shift between Web 2.0 and Web 3.0 about the way we learn and motivate. These categories and projects lead the education field. By thinking about new coordination, mechanism design and learning motivation, it continues to grow. DAO Collaborative Decentralized Autonomous Organization (DAO), where many Internet strangers gather to…

    2021-10-09
  • Encirclement and suppression of Cryptocurrency: tens of billions of unsupervised funds leaving the country for half a year

    The virtual currency has gradually become a trend of encirclement and suppression, but there are still major challenges in monitoring and intervening in such new payment instruments that bypass the traditional financial system. On the eve of “Eleventh”, the People’s Bank of China and multiple departments issued the “Notice on Further Preventing and Disposing of the Risks of Virtual Currency Trading Speculation” to severely crack down on virtual currency trading speculation. It is regarded by the market as another milestone in the domestic thunderous purge of the virtual currency industry chain….

    News 2021-10-09
  • “Electronic License Blockchain” Application Case Released

    On October 8, the “China Blockchain Development Strategy Research” project of the Chinese Academy of Engineering released the “Electronic Certificate Blockchain” application case in the “Discover 100 Innovative Applications of China’s Blockchain” column. In order to further strengthen the integration of government information resources and promote mutual recognition and sharing, China Unicom Digital Technology and Hebei Provincial Government Service Office applied the Unicom Chain, based on the existing province-wide electronic certificate library and the province’s integrated government service platform, and explored the use of blockchain to build a multi-party The…

    News 2021-10-09
  • From asset storage tools to financial ecosystem HyperPay and the transformation of the crypto wallet industry

    For the encryption industry, 2021 can be said to be a critical point for transformation. On the one hand, the effect of “de-bubbling” and “de-blinding” of the blockchain industry is gradually showing. The role of blockchain in supporting the bottom layer of new-generation information technologies such as big data, cloud computing, artificial intelligence, and mobile Internet has attracted attention from all parties. , All walks of life are actively embracing blockchain technology. On the other hand, the deepening of DeFi decentralized finance has brought huge imagination space to the digital economy industry,…

    2021-10-08 News
  • Layer 2 era: illuminating the way forward for the Play to Earn game

    Dear Bankless community: Did you notice? The shift from attracting and extracting to attracting and rewarding? Centralized institutions create profitable incentives for people to use their products-good user experience, registration bonuses, and better technology. However, once our price regulation falls, the desire for profit will rise. They create barriers to exit, trap users in a walled garden, and then they extract the most value from our wallets. The gaming industry is clustered around the same model, which means it is just another industry that can be disrupted by cryptocurrency. Cryptocurrencies are not…

    2021-10-08 Ethereum News