Yesterday • 2021-10-17 • Sun

The Gray Program applies to convert Bitcoin funds into spot ETFs

On October 17th, according to CNBC citing reports from people familiar with the matter, the global crypto asset management company Grayscale plans to apply for the conversion of the world’s largest Bitcoin fund into a spot exchange-traded fund (ETF) early this week. Although the exact timing of the grayscale plan submission may be new, the digital asset management company intends to seek approval of a bitcoin-based spot ETF after the futures-based ETF is approved. Gray ETFs will be backed by actual units of cryptocurrencies, rather than simply linking them through derivative contracts (such as futures). If the proposal is approved, it will further expand the leading cryptocurrency as a recognized investable asset. (Coindesk.)


Vice President of El Salvador: More countries will follow El Salvador’s Bitcoin adoption model

El Salvador’s Vice President Félix Ulloa recently predicted in a meeting with Pascal Drouhaud, Vice President of the LATFRAN Association, that more countries will follow the example of El Salvador’s Bitcoin adoption model. Ulloa expects poor El Salvador to become an economic and financial center because it boldly bets on Bitcoin. In addition, he also claimed that Bitcoin will benefit approximately 1.17 million Salvadoran immigrants living in the United States. (Diario La Huella)


Huainan Police: “TFEX Virtual Currency Platform” Suspected of Fraud

On October 17, the official Weibo of the Huainan Public Security Bureau’s Bagongshan Branch issued a police report stating that on May 18, 2021, the Huainan City Public Security Bureau’s Bagongshan Branch was suspected of defrauding the “TFEX virtual currency platform” in accordance with the law. File a case for investigation. And on May 20, criminal coercive measures were taken against the suspects Zhu, Guo and others in accordance with the law. After investigation, the suspects Zhu, Guo and others used the “TFEX” virtual currency trading platform to use online videos and offline physical studios to guide the victims in virtual currency investment, attract the participation of the masses, fabricate facts, and make illegal profits. Suspected of fraud crime. At present, the case is under investigation according to law. (Sina Finance)


Mark Cuban “backs” Dogecoin, calling it a cheap way to learn cryptocurrency

On October 17th, in a recent real-time audio conversation on Twitter Spaces, billionaire and NBA Dallas Mavericks owner Mark Cuban stated that he will continue to talk about Dogecoin despite opposition from Bitcoin extremists. Cuban stated that Dogecoin is “a good entry” to the cryptocurrency field and an inexpensive way to learn cryptocurrency. Cuban explained that the barriers to entry are very low because people only need to open an account with Robinhood and buy DOGE worth $25. (U.Today)


Data: The number of independent addresses on Polygon exceeds 100 million

According to data from Polygonscan, the number of independent addresses on Polygon exceeded 100 million, and as of yesterday, the number was 100,285,660.


List of important news in the noon on October 17

7:00-12:00 Keywords: Ethereum market value, Xiong’an, renBTC, Maker agreement 1. Ethereum market value surpasses Alibaba; 2. Fuzhou: Actively strive for the implementation of digital RMB pilot; 3. Xiong’an’s first digital RMB is not Tax payment business is implemented; 4. The amount of renBTC locked on the Ethereum chain exceeded 1 billion US dollars; 5. Mark Cuban: Will not invest in Bitcoin ETF, prefer to buy BTC directly; 6. Maker agreement removes BAT-A and other 5 Tokens are used as Maker Vault collateral; 7. Dalian High-tech Zone: Organizations, state-owned enterprises and institutions have completed 92.46% of digital RMB personal wallets.


Fuzhou: Actively strive for the implementation of digital RMB pilot

Fujian Provincial People’s Government recently issued the “Several Opinions on Supporting Fuzhou’s Implementation of the Strategy for a Strong Provincial Capital”, which pointed out that it will actively strive for the digital RMB pilot to land in Fuzhou during the “14th Five-Year Plan” period and support the development of a digital industrial park in Fuzhou to form 2 More than one digital economy industrial cluster with a scale of over 100 billion.


Xiong’an’s first digital renminbi non-tax payment business was launched

Hebei Xiong’an New District Reform and Development Bureau, People’s Bank of China Xiong’an New District Business Management Department and China Postal Savings Bank completed the country’s first digital RMB payment under the guidance and support of the Provincial Department of Finance and the Shijiazhuang Central Branch of the People’s Bank of China. The “non-tax electronic ticket + blockchain” business was launched. The completion of this transaction marks the further extension of the functions of the “non-tax electronic ticket + block chain” system, and marks the smooth completion of the entire process from non-tax payment to treasury warehousing through digital RMB circulation in Xiongan New District.

2021-10-16 • Sat

Canadian listed blockchain company Graph Blockchain launches NFT market

On October 15th, New World, a wholly-owned subsidiary of Graph Blockchain, a Canadian listed blockchain company, officially launched the NFT market and AR applications. The platform has landed on Google Play, the test version will land on the Apple App Store soon, and the full version will be online within 30 days. New World NFT will provide a carefully curated NFT market with exclusive NFT sales from athletes, artists and celebrities. Users can use MetaMask, Coinbase or Ethereum wallets to make purchases. The application allows users to view NFT in a virtual experience through AR. New World has created a new way of NFT interaction for users. Users can record their unique experiences and share them on social platforms such as Instagram and Tik Tok. In July of this year, Graph Blockchain completed the acquisition of New World, a NFT company focused on AR, for $6 million. (Investing News)


Bank of Japan official: The Bank of Japan will seek to design a “simple” digital yen

A senior official of the Bank of Japan said on Friday that any digital currency issued by the Bank of Japan should have a simple design that private companies can use to develop financial and payment services for customers. Shinichi Uchida, executive director of the Bank of Japan, stated that if the central bank decides to issue digital currencies, they need to coexist with private sector payment services. In order to achieve vertical coexistence, a relatively simple central bank digital currency (CBDC) design is desirable for the private sector to use it as an ingredient to develop various services, Uchida added, for example, private entities can develop services , Allowing customers to use CBDC and private payment methods at the same time through a wallet. Global central banks have stepped up their efforts to develop their own digital currencies to modernize the financial system and accelerate domestic and international payments. (Reuters)


US SEC: Before investing in a fund holding bitcoin futures contracts, please carefully weigh the potential risks and benefits

On October 15th, the Investor Education and Publicity Office of the US Securities Exchange Commission (SEC) stated on Twitter today, “Before investing in funds holding bitcoin futures contracts, you must carefully weigh the potential risks and benefits. “Some analysts believe that this is the most effective evidence that the Bitcoin ETF will soon be approved by the SEC.


People familiar with the matter: Bitcoin futures ETF is reported not to be opposed by the SEC

On October 15 news, according to people familiar with the matter, the SEC is preparing to allow the first Bitcoin futures ETF in the United States to start trading at the watershed moment that the cryptocurrency industry is facing at this time. People familiar with the matter said that regulators are unlikely to prevent these products from starting trading next week. Unlike the Bitcoin ETF applications previously rejected by regulators, the applications of ProShares and Invesco Ltd. are based on futures contracts and are submitted under mutual fund rules. SEC Chairman Gensler stated that mutual fund rules provide “significant investor protection” “. Unless there is a reversal at the last minute, the launch of this ETF will reach US$6.7 trillion, which will reach the culmination of trading activities in the ETF industry in the past 10 years. (Golden Ten)


Ministry of Housing and Urban-Rural Development: The official mini program of the National Housing Provident Fund based on blockchain has been launched

According to the Ministry of Housing and Urban-Rural Development, the National Housing Provident Fund Mini Program has been officially launched. According to the Ministry of Housing and Urban-Rural Development, by deepening the application of new technologies such as blockchain, a credible data environment has been built for the operation of small programs, ensuring the safety of depositors’ information and funds, and allowing ordinary people to enjoy more stable and higher-quality housing provident fund services. .


US Deputy Secretary of the Treasury: I believe that stablecoins are the foundation of future encryption services

On October 15th, Nellie Liang, the Deputy Secretary of the U.S. Department of Treasury for Domestic Financial Affairs, said in a video conference held by the Institute of Finance on Thursday: We believe that stablecoins are the foundation of the crypto industry and future crypto services. U.S. financial regulators have also focused on stablecoins because they have begun to play a central role in the cryptocurrency world. She said: stablecoins are currently mainly used for encrypted transactions. They also have potential and have begun to be used for payment, and may be widely used, which has triggered a series of issues that the Presidential Working Group (PWG) hopes to pay attention to. PWG will release a stablecoin report at the end of this month, focusing on four areas: consumer and investor protection, prevention of financial crime, protection of the integrity of the payment system, and protection of the stability of the entire financial system. (Bloomberg)


U.S. venture capital firm Subversive Capital applies for registration of Meta Universe ETF

On October 15th, the US venture capital firm Subversive Capital submitted a document to the US Securities and Exchange Commission (SEC) to apply for registration of a Metaverse ETF fund Subversive Metaverse ETF, which will invest in the provision of services and products for Metaverse infrastructure and applications Of global listed company equity securities (not less than 80% of the net assets), the market value of these companies is between 250 million U.S. dollars and 1 trillion U.S. dollars. The ETF fund has an annual management fee of 0.75%. The fund managers are Michael Auerbach, Chief Executive Officer of Subversive Capital, Leland Hensch, Chief Investment Officer, and Steven Yoo, Chief Financial Officer.


President of El Salvador: Salvadorans convert more U.S. dollars into Bitcoin

That mainstream Bitcoin adoption in El Salvador is gaining momentum in the ongoing bull market as more and more citizens convert their dollar savings into Bitcoin. The country’s President Nayib Bukele shared the progress on Twitter based on data obtained from Salvador’s internal wallet service Chivo. President Bukele said: “People put in US dollars (used to buy BTC) far more than they withdraw from Chivo ATMs.” He also urged the media to visit ATMs to independently verify the above information. He further stated that Chivo has reported 24,076 remittance requests, “a total of 3,609,761.05 US dollars in one day.” (Cointelegraph)


Messari analyst: NFT market is increasing

On October 16th, Messari analyst Mason Nystrom tweeted that as Coinbase and FTX announced the launch of NFT platforms and transactions, the NFT market structure is increasing. This shows that centralized exchanges are seeking to become the main NFT transactions. The venue will have some key advantages and some disadvantages. In the end, Coinbase and FTX may build powerful NFT exchanges with unique value propositions, while exchanges like Coinbase, OpenSea, Rarible, NFTX or other NFT exchanges are competing for the liquidity of different blockchains and various assets.


The total market value of cryptocurrencies exceeds 2.6 trillion U.S. dollars, surpassing the market value of Apple

The total market value of cryptocurrencies exceeded US$2.6 trillion. At the time of writing, it was US$2,602,692,633,412, a 24-hour increase of 2.6%. It has now surpassed the market value of Apple (US$2.394 trillion), of which Bitcoin has a market value of approximately 1.17 trillion. The US dollar is slightly lower than the total market value of silver.


Data: Currently 99.02% of Bitcoin supply is profitable

On October 16th, Glassnode tweeted that as Bitcoin once again exceeded $60,000, only 0.98% of the circulating supply was last spent at a higher price. The holders of these 185,816 bitcoins have continued to hold them during the volatility and ups and downs of the past 6 months. 99.02% of the Bitcoin supply is now profitable.


OpenSea transactions in the NFT market reach a record high of US$9 billion

According to the latest data from DappRader, the total amount of OpenSea transactions in the NFT market has exceeded 9 billion U.S. dollars (the number of traders is 549,615), setting a record high and ranking first in the NFT market in terms of transaction volume. It is worth mentioning that OpenSea’s total transaction volume on October 7 reached 8 billion US dollars, which means that the transaction volume of the platform in the last ten days reached 1 billion US dollars.

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