Newsweek | China’s blockchain patent applications rank first in the world

Headlines

▌People’s Daily: Let blockchain technology play a greater role in economic and social development

Golden Financial Report, “People’s Daily” (19th edition on October 25, 2021) published an article “Let blockchain technology play a greater role in economic and social development”. The article mentioned that the banking industry is reluctant to One important reason for daring to lend and not being able to lend is information asymmetry-it is difficult for banks to grasp relevant information of small, medium and micro enterprises in a timely, accurate, and complete manner, which leads to difficulties in loan review and risk management. Blockchain has the characteristics of leaving traces throughout the process, non-tamperable, open and transparent, etc., which provides technical support for solving this pain point. The bank can quickly push the loan evidence and subsequent defaults that have been deposited on the blockchain during the business process to the court; because the blockchain guarantees that all information on the chain is original, complete, and transparent, the court can file cases in batches , Fast disposal. The cases of breach of contract that originally took six months or one year to be processed can now be processed within one month.

▌U.S. Treasury Secretary Yellen intends to tax unrealized gains in cryptocurrencies

On October 25th, US Treasury Secretary Janet Yellen (Janet Yellen) announced a new tax proposal that may crack down on unrealized capital gains. On October 24, Yellen stated on CNN’s “State of the Union” program that the Treasury Department is studying a new tax for the wealthy. However, some of the proposals include a tax on unrealized capital gains. This means that holders of cryptocurrencies or stocks may be taxed before they sell their assets. But it did not mention how to deal with unrealized losses.

▌Citigroup CEO: Digital assets will become part of the financial market

Golden Finance reported that Citigroup CEO Jane Fraser said on Monday that it is clear that digital assets will become part of the future financial services and financial markets. Instant payments are barrier-free, they will become more global and ubiquitous, (they) will appear in the short term, and digital currencies may be part of the future. Fraser said that Citigroup is now working hard to connect customers with wallets and enable businesses and corporate customers to accept consumer payments, but it needs to proceed with caution. The bank saw the benefits of the digital asset space in terms of processing, segmentation, programmability and transparency.

▌Justin Sun wants to set up a fund of over 1.1 billion US dollars dedicated to building the TRON ecosystem

On October 26th, Justin Sun tweeted that he plans to set up a fund totaling US$1 billion to be dedicated to building the TRON ecosystem. Then Justin Sun quoted the tweet and said that for some reason, everyone suggested to set up a $1.1 billion fund, so it is tentatively planned to set up a $1,111,111,111 fund dedicated to building the TRON ecosystem.

▌ V God : Expansion is one of the biggest challenges facing the blockchain field. Layer 2 is the future of Ethereum expansion

On October 26th, the 7th Blockchain Global Summit hosted by Wanxiang Blockchain Lab was held in Shanghai. Ethereum founder Vitalik Buterin said in his keynote speech that Rollup can greatly improve scalability, at least 100 times so far. Data sharding is a relatively simple form of sharding. It is not to create a powerful shard that can handle transactions. On the contrary, we only create shards that can store and verify data. This is a simple sharding. form. Through such sharding, we can improve the scalability of Rollup, which can be increased by 100 times. For Ethereum, Rollup is the only feasible scalability solution.

▌U.S. FDIC Chairman: Focusing on developing “clear guidance” for banks’ crypto activities and stablecoins

Golden Finance reported that Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation (FDIC), said at the Money20/20 meeting on Tuesday that the banking regulator is focusing on establishing “clear guidance” for the intersection between cryptocurrency and the US banking industry. McWilliams stated at the opening that her job is to “set clear rules to allow innovation to flourish while reducing risk. Failure to do so may stifle innovation and lose America’s leadership in developing technologies that can change the world.” . McWilliams said that in the past few months, the FDIC has been in contact with the Federal Reserve and the Office of the Comptroller of the Currency. Through this process, these institutions are coordinating policies regarding how and under what circumstances banks can engage in activities involving crypto assets. McWilliams went on to say that its purpose is to provide clear guidance to the public on how existing rules and policies apply to crypto assets, what types of activities banks are allowed to engage in, and our expectations for banks engaged in such activities. A series of policy statements will be issued every month. She believes that in order to realize the potential benefits provided by stablecoins, while taking into account the potential risks, stablecoins should be subject to tailor-made supervision by the government. McWilliams specifically stated that at a certain point in time, the question of how and under what circumstances banks can keep them on the balance sheet will be resolved.

▌The total number of Bitcoin ATM installations worldwide exceeds 30,000

According to the Golden Financial Report, data shows that the number of locations providing encrypted ATM services has increased exponentially this year. Since January, the number of Bitcoin ATMs has doubled, and nearly 80 countries now have ATMs that use fiat currencies to exchange cryptocurrencies. According to data collected by CoinATMRadar, as of now, the number of Bitcoin ATMs deployed globally has reached 30,036.

▌The Ethereum beacon chain has activated the Altair hard fork upgrade

On October 27th, the Ethereum beacon chain reached Epoch 74240, and the Altair hard fork upgrade has been activated. Altair is a relatively small update to the beacon chain of Ethereum. One of the important new features is the “Light Client Synchronization Committee”. The validators in this committee will be regularly incentivized to provide block header information to light clients.

 Facebook changed the company name to “META”

Golden Finance reported that Facebook announced on Thursday that it would change the company’s name to “META”. The company stated in its name change announcement that the company’s stock code will be changed to “MVRS” from December 1. Zuckerberg wrote in a letter on Thursday: “We hope that in the next ten years, Metaverse will reach 1 billion people, carry hundreds of billions of dollars in digital commerce, and provide millions of creators and developers with Work support.” Zuckerberg predicts that the elements of the meta-universe may become mainstream within 5 to 10 years. He added that the company expects to “invest billions of dollars in the next few years before Metaverse reaches scale.”

policy

▌Beijing publicly announces the procurement requirements of the blockchain advanced computing power experimental platform project

Golden Finance reported that the Beijing Municipal People’s Government website released an announcement on the procurement requirements of the Beijing blockchain advanced computing power experimental platform. The purchaser of the platform is the Beijing Municipal Bureau of Economics and Information Technology. The business goal is to build advanced computing power through the blockchain The experimental platform provides a blockchain support platform and common applications for government services and social services, provides a unified blockchain service support capability for large-scale blockchain application scenarios, and promotes the interconnection of blockchain infrastructure in the city. Form a blockchain industry ecology with a leading technology platform and rich application scenarios, create a cluster effect of blockchain demonstrations in Beijing, and serve the construction of Beijing’s digital economy. It is reported that the advanced computing power experimental platform of the blockchain needs to realize that the peak number of transactions per second (TPS) of the blockchain single chain is not less than 120,000 transactions per second, and the business is uninterrupted, stable and reliable operation 7×24 hours per week, and availability Not less than 99.99%, supporting the operation and management of at least 1,000 blockchain dedicated servers, including at least 1,000 blockchain computing nodes, at least 48,000 physical core CPUs, 384,000GB physical memory, and at least 4320TB storage capacity, regardless of The virtualization super-resolution ratio provides at least 96,000VCPU capacity and at least 50GB of internal access network.

▌ “Beijing Legal Digital Currency Pilot Zone” was officially unveiled

On October 23, at the 2021 Global Wealth Management Forum, the Beijing City Sub-center “Beijing Legal Digital Currency Pilot Zone” was officially unveiled. It is reported that with the strong support of the People’s Bank of China and Beijing Local Financial Supervision and Administration Bureau, the six state-owned banks of Industry, Agriculture, China, Construction, Communications, and Postal Savings Bank of China are actively launching the pilot application of the “Beijing Legal Digital Currency Pilot Zone” in the Beijing City Sub-center. And construction and promotion. At present, multi-dimensional digital RMB application scenarios have been created in key areas such as Beijing Universal Resort, Canal Business District, Wanda Plaza, Donglang Cultural and Creative Park, etc. Digital renminbi payment functions, while innovating digital renminbi payment and exchange methods, promoting smart wearable payment devices, accelerating the deployment of digital renminbi exchange machines, and realizing the convenience of exchange between domestic and foreign currencies and digital renminbi.

▌ Nigeria yesterday launched e-Naira

On October 25 news, Nigerian President Muhammadu Buhari announced the launch of CBDC e-Naira at the California State Capitol in Abu. CBN President Godwin Emefiele said that e-Naira will be used as a wallet and customers can hold funds in their bank accounts.

▌The Bank of Spain opens registration applications for crypto service providers

Golden Finance reported that the Bank of Spain issued instructions on how to register to provide encryption-related services in the country, opening registration applications for all encryption service providers, and all regulated entities, including regulated banks, must be registered. After that, the Bank of Spain will It takes up to three months to consider their application. Previously, it was reported that Spanish banks are preparing to provide encryption services to their customers, but lack clear instructions from the Bank of Spain. The Spanish foreign bank BBVA has provided crypto asset trading services in Switzerland and currently provides bitcoin custody and sales.

▌Inspection and rectification of virtual currency in Ganzhou Economic Development Zone

Golden Finance reported that recently, Ganzhou Economic and Technological Development Zone Office and the Ganzhou City Center Branch of the People’s Bank of China, the Financial Office of the Municipal Government, the District Public Security Sub-bureau, and the District City Supervision Sub-bureau went to the Hengke Industrial Park and the International Enterprise Center to launch a crackdown on virtual currency mining Special investigation and rectification of mining and trading activities. In order to further prevent and control the risks of virtual currency mining and transaction speculation, protect the safety of the people’s property, and improve self-protection capabilities, Ganzhou Economic Development Zone organized this special investigation and rectification. At the inspection site, the staff inspected and rectified the risks of the enterprises in the park by visiting the company’s internal settings, verifying the business license, inquiring about the company’s employees, verifying the company’s business, and issuing risk warning letters. In the next step, the economic development zone will strengthen publicity and education, through typical case analysis, investment risk education, etc., to publicize the illegality, harmfulness and manifestations of virtual currency speculation and other related business activities to the public to enhance public risks Awareness of prevention.

▌ Supreme Court of India decided to seek the withdrawal of RBI and other “prohibited in WazirX UPI pay,” the

Golden Finance reported that on Thursday, the Delhi High Court of India asked the Reserve Bank of India (RBI), the State Bank of India (SBI), the State Payment Corporation of India and the Ministry of Financial Services of India to respond to a petition seeking to instruct the authorities to take back the crypto The decision to ban UPI (Unified Payment Interface for India) payments on the currency exchange WazirX. The court will hold a hearing on this on December 24.

Blockchain application

▌Central enterprise blockchain cooperation innovation platform: applied for more than 1,200 core patents of blockchain

It was reported on October 24 that under the guidance of the Science and Technology Innovation Bureau of the State-owned Assets Supervision and Administration Commission of the State Council and supported by the China Industry-University-Research Cooperation Promotion Association, the central enterprise blockchain cooperation innovation platform jointly initiated by more than 20 central enterprises ushered in the first anniversary of its establishment. In the past year, State Grid, China Electronics, etc. have applied for more than 1,200 core blockchain patents in the central enterprise blockchain cooperation innovation platform in terms of technological innovation, and State Grid has established the world’s first “blockchain + carbon trading” international standard. . In terms of infrastructure construction, State Grid has built the “State Grid Chain”, China Telecom has built the “CT-Chain”, China Unicom has built the “Unicom Chain”, China Mobile has built the “CMBaaS”, and China Baowu has built the “Ouyeel Chain”. “, CRRC built the “China Enterprise Cloud Chain”. In terms of scenario applications, State Grid, China Aerospace Science and Industry, China COSCO Shipping, China Merchants Group, China Resources Group, China Communications Group, etc. respectively deal with green power transactions, vaccine traceability, import delivery, cross-border trade logistics, points rights, smart transportation, etc. The scene realizes the application landing.

▌ UAE real estate developers LandOrc-based lending model block chain in the Indian real estate market

On October 24, it was reported that LandOrc, a real estate developer headquartered in the UAE, will enter the Indian real estate market by using alternative funds provided by large capital and encrypted assets in DeFi, with a focus on second-tier cities in the country. According to industry experts, the real estate industry in India has attracted much attention. VC Circle estimates that the real estate funding gap in India is US$100 billion. LandOrc will provide loans with an average transaction size of US$150,000 and a maturity of less than six months for each project to fill the funding gap in second- and third-tier cities. The loan is secured by land collateral and is held in the form of NFT. The transparency and speed of the blockchain-based approval system ensures that real estate developers can obtain loans in a faster time frame, and that the cost of capital is lower than locally available costs. LandOrc is replicating the same loan model in other markets such as Australia, the United States, Sri Lanka and Canada, focusing on high interest rates.

▌China ‘s blockchain patent applications rank first in the world

On October 25, the People’s Daily published an article “Let blockchain technology play a greater role in economic and social development”, which emphasized the importance of applying blockchain technology to banking, justice, agriculture and other fields. As of the latest, nearly 7,800 companies from nearly 5 countries and regions have participated in blockchain-related patent applications, with a total of approximately 55,000 patent applications. It is worth noting that China is currently the country with the largest number of patent applications in this field, with approximately 33,000 applications, accounting for approximately 63%. Followed by the United States and South Korea. In addition, among domestic companies, companies such as Ant Group, Ping An Group, and Tencent rank in the forefront of patent applications. At present, the patent layout of Chinese companies in the field of blockchain is mainly concentrated in related technical fields such as smart contracts, artificial intelligence, and transaction data processing.

▌The central bank of Saudi Arabia is exploring technologies such as blockchain and distributed ledgers

On October 25, according to a report by Saudi local media Al Eqtisadiah, the Saudi Central Bank (SAMA) is exploring technologies such as blockchain and distributed ledger through the Aber digital currency project, and has not yet made any specific decisions. The central bank revealed that the Saudi government plans to increase the share of electronic payments to 70% by 2030 to reduce its dependence on cash, and at the same time has no intention to completely eliminate paper money. SAMA is optimistic that this goal is expected to be achieved five years in advance.

▌Henan ‘s first blockchain R&D and application promotion center was unveiled

On October 25, the R&D and Application Promotion Center of Henan Blockchain Technology Research Association was formally established in Henan Zhongdun Yunan Information Technology Co., Ltd. This is the first block chain technology R&D and application promotion center in Henan.

▌Beijing Municipal Science and Technology Commission released the third quarter project (topic) acceptance list: Tsinghua Beihang and other universities’ blockchain projects passed the acceptance

Golden Finance reported that the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee released the third quarter of 2021 project (project) acceptance list, and multiple blockchain projects passed the acceptance, including: Beijing University of Aeronautics and Astronautics’ high performance based on the alliance chain Large file encryption storage blockchain system development and verification, Beijing Jiaotong University’s resource virtualization-based general blockchain platform key technology research and application demonstration, Tsinghua University e-commerce blockchain application standard research and system evaluation tool development, China Electronics Standardization Institute, Beijing Microchip Blockchain and Edge Computing Research Institute, Beijing Big Data Center’s government blockchain infrastructure and key technology research and development and verification, Baidu Netcom’s support for multi-language writing and multi-virtual machine operation The development of smart contract engine.

▌Shanghai : Support the construction and deployment of the underlying blockchain platform and build a batch of blockchain open service platforms

Golden Finance reported that the General Office of the Shanghai Municipal People’s Government issued the “Fourteenth Five-Year Plan for Shanghai’s Comprehensive Promotion of Urban Digital Transformation”. The development of application functions in different scenarios in the city intensively provides general technical components such as blockchain to reduce the cost of technology development. Build a public platform for urban intelligent computing, strengthen the guarantee of public computing power dispatch, and enhance the supply capacity of artificial intelligence-related technologies. Build an open blockchain ecosystem, support the construction and deployment of the underlying blockchain platform, and create a batch of blockchain open service platforms. Build a new technology risk assessment system around the full life cycle of new technologies such as blockchain, and comprehensively promote innovation in the application of information technology. Encourage new technologies such as blockchain to be tested and verified in urban environments, and build cities into the best “test grounds” for digital technology applications. Build a new digital trust system, use cutting-edge technologies such as digital identity, digital authentication, privacy computing, federated learning, blockchain, new cryptography, etc., to create a trusted data circulation architecture, and improve the security, stability and convenience of data circulation transactions .

▌Li Ming: China’s first national blockchain standard is expected to be released next year and is currently in the state of approval

Golden Finance reported that on October 27th, the 5th China Blockchain Development Competition Western Regional Competition was held in Chengdu. Thirteen teams from 10 provinces and regions including Sichuan, Chongqing, Guizhou, Yunnan and Xinjiang competed for tickets to the national finals. Li Ming, director of the Blockchain Research Office of the China Electronics Standardization Institute, revealed that the institute is participating in the development of national blockchain standards. China’s first blockchain national standard has entered the approval status and will be released in the middle of next year.

Cryptocurrency

▌Cryptocurrency stores are pouring into Hong Kong, but regulations may affect their existence

It was reported on October 24 that compared to the United States or Europe where it is relatively easy to buy and sell cryptocurrencies on regulated exchanges, Hong Kong’s physical crypto store is a unique trademark that provides individuals with another way to access crypto. Kelvin Yeung, CEO and founder of Hong Kong Digital Asset Exchange (HKD), said that the HKD cryptocurrency exchange was established in 2019, and the physical store was established in January this year. They employ more than 30 employees to provide customer service. Yeung further stated that the behavior of HKD’s store is similar to that of a traditional bank, giving customers the opportunity to experience the purchase of cryptocurrency in person and obtain face-to-face consulting services. He believes that as cryptocurrencies become mainstream, retail stores are likely to become a global trend. Although over-the-counter cryptocurrency exchanges such as HKD and CoinerHK provide cryptocurrency services in Hong Kong, there are many regulatory risks associated with these types of institutions.

▌ YouTube channel was hacked and changed its name or live broadcast encryption scam

On October 24th, a new report shared by the Google Threat Analysis Group (TAG) highlighted the ongoing phishing campaign against YouTube creators. TAG blamed the attack on a group of hackers recruited in Russian-language forums. Cooperative opportunities invaded the creator’s channel. Once hijacked, the YouTube channel is either sold to the highest bidder or used to spread cryptocurrency scams. The hacker also changed the name of the YouTube channel, profile picture, and content to impersonate a large technology or cryptocurrency trading company. According to reports, the YouTube account was used by hackers with cookie theft malware, which was configured to run on the victim’s computer without being detected.

▌North American mining company Hut 8 Mining is developing a third crypto mining farm

On October 24th, North American mining company Hut 8 Mining announced that the third mine jointly developed with Validus Power Corp. (“Validus”) is underway. The project is located in North Bay, Ontario, with an installed capacity of 35MW and is expected to be put into use by the end of 2021. The North Bay site will enable Hut 8 to use a mixture of by-product steam, hydrogen, and natural gas, as well as a secondary geothermal system connected to the data center facility to generate electricity.

▌The inflow of cryptocurrency funds reached a record $1.47 billion last week

Golden Finance reported that a report from CoinShares on Monday showed that, driven by the rise of cryptocurrencies and the launch of the first Bitcoin futures ETF, investors injected a record $1.47 billion in new funds into digital asset investment products last week. The previous record of the highest weekly inflow was in February, when the total inflow was US$640 million. The capital inflows into crypto funds in the past week brings the total capital inflows year-to-date to 8 billion U.S. dollars. Bitcoin-focused funds dominated the inflow of funds last week, accounting for 99% of all cryptocurrency fund inflows. Although ETH prices, but to focus on ETH funds for the third consecutive week of outflows. According to data from CoinShares, the total outflow of Ethereum funds last week was $1.4 million.

▌The German government started auctioning 215 seized bitcoins

Golden Finance reports that the German state of North Rhine-Westphalia has begun auctioning the 215 bitcoins it has confiscated after obtaining the approval of the Minister of Justice Peter Biesenbach, which is currently valued at approximately $13.6 million. There were 15 auctions on Monday, with prices ranging from 0.1 to 10 BTC. At present, some people are bidding at 56,130 Euros (65,178 USD) per 1 BTC, which is about 2% higher than the current spot price of Bitcoin.

▌Korean media: The Korean Mutual Aid Association of Faculty and Staff, which manages more than 40 billion U.S. dollars, will invest in Bitcoin ETF

On October 25, according to local media reports in South Korea, the Korean Mutual Aid Association of Faculty and Staff, which manages over 47 trillion won (approximately US$40.2 billion), is seeking to invest in a Bitcoin-related trading platform trading fund (ETF) plan. The first case of a domestic pension fund deciding to invest in cryptocurrency. It plans to first invest in spot ETFs linked to the price of Bitcoin. It is reported that if Korean domestic asset management companies produce bitcoin-related ETF products and list them overseas in the first half of next year, the faculty mutual aid association will buy them. The specific investment scale will be determined by the Investment Review Committee.

▌ MasterCard encrypted payment through a new partnership with Bakkt integration

On October 25th, Mastercard is preparing to announce that thousands of banks and millions of merchants on its payment network will soon be able to integrate cryptocurrency into their products. This includes Bitcoin wallets, credit and debit cards (rewards can be earned through cryptocurrency, and digital assets can be consumed), and loyalty programs that can convert airline or hotel points into Bitcoin. Executives of the two companies said that in order to achieve this goal, MasterCard is working with Bakkt. Sherri Haymond, MasterCard’s executive vice president in charge of digital partnerships, said in an interview: “We want to provide all partners with the ability to easily add encryption services to their businesses. Our partners, whether they are banks or financial technology companies. Merchants can integrate with the Bakkt platform to provide customers with the ability to buy, sell and hold cryptocurrencies.”

▌ NEAR launched a USD 800 million ecological development fund, which will focus on the DeFi field

Golden Finance reported that NEAR announced the launch of a USD 800 million ecological development donation plan, of which USD 250 million of the ecological fund will be allocated within 4 years; USD 100 million will be used for regional funds; USD 100 million will be dedicated to start-up companies. In addition, DeFi will be the focus of the plan. ProximityLabs has provided $350 million in special funds. The newly established DeFiDAO will manage these funds. The agreement will be able to apply for liquidity mining project funds through DeFiDAO. Proximity is a group of early NEAR contributors. They were separated from the parent company as an independent entity and received funding from the NEAR Foundation. NEAR co-founder Illia Polosukhin said that the plan has allocated 45 million US dollars this year, mainly focusing on the construction of the early ecosystem.

▌ Singapore Unicorn Nium payment services platform to launch encryption

Golden Finance reports that Singapore payment unicorn Nium has launched a crypto-as-a-service (CaaS) product for financial institutions. Nium provides turnkey dedicated API suites for new and traditional financial companies. Its latest product aims to provide ready-made tools during periods of high demand for cryptocurrencies. According to a statement on Monday, the company stated that its new CaaS will provide institutions with “on-demand capabilities” for crypto investments, initially supporting up to five cryptocurrencies. The company said that through its platform’s API connection, its customers can embed crypto market services as well as KYC, regulatory monitoring, brokerage, custody, and processing. Nium has decided to launch its products across the United States and is expected to add 15 more cryptocurrencies next year. It is expected that another 25 countries and jurisdictions will be supported next year, including Australia, Singapore and Hong Kong. In July, Nium received $200 million in new funding, led by technology investor Riverwood Capital, and obtained unicorn status with a valuation of more than $1 billion.

▌Sotheby ‘s auction house launches NFT jewelry lot “Van Star”

On October 25th, the auction house Sotheby’s tweeted to announce the launch of the first NFT jewelry lot “Van Star”. This pair of diamond earrings is inspired by Van Gogh’s famous painting “Café Terra ce at Night ” (Café  Terra ce at Night), currently in the Kroller Muller Museum in the Netherlands. “Vatican Star” is also the first NFT jewelry lot that Sotheby’s collaborated with the Kroll Muller Museum.

▌ Tencent magic words to change NFT nuclear response: Do not open digital asset transfers between users, and resolutely resist the illegal behavior of virtual currency-related activities

On October 25, Tencent Digital Collection Platform Magic Core issued a response to the change of its NFT wording, saying that Tencent Magic Core has been committed to the digital collection business within the compliance framework, and the digital collection business on the Magic Core platform adopted users. The entire process is real-named, the content is reviewed in the entire link, and the transfer of digital products between users is not opened, and the illegal activities related to virtual currency are firmly resisted. The business logic of Magic Core Digital Collection is completely different from the internal logic and extension of the overseas unregulated NFT business. Therefore, this change of name is once again to express to the public the high standards and strict requirements of Magic Core business’s compliance. In the future, Magic Core will work with Zhixin Chain to continue to empower digital cultural creation and digital art, actively explore the new ecology of digital economy, and launch more digital collections that everyone loves to hear.

▌AntChain launched the Forbidden-Glass Glory series NFT collection at 12 o’clock on October 25

Antchain will launch the “Forbidden City-Guangdong Glaze” series of NFT collections at 12 o’clock on October 25th. The NFT series of NFT collections are inspired by the culture of the Forbidden City, including the gate of the forbidden city, the glass wall, the snow fall forbidden city, and advance with the times. There are four types of NFTs, and a single type is limited to 8,000 copies.

▌Twitter is developing and adding a “collectibles” tag to display users’ NFT collections

On October 26, it was reported that Twitter was developing a “collectibles” tag related to the blockchain to display users’ NFT collections. The platform first started to develop this feature in September, and Twitter’s software engineer Mada Aflak posted a tweet in late September to show the early stages of its project development for the first time.

▌Shenzhen Stock Exchange issued a letter of concern to Zhongqingbao, a concept stock of Meta Universe

Golden Finance reported that, according to China Securities Journal, the Shenzhen Stock Exchange has issued a letter of concern to the concept stock Zhongqingbao of Metaverse, requesting Zhongqingbao to elaborate on the specific content of “Master Brewer”, the relevance to the concept of Metaverse, and the deployment of technical staff. Situation, core technology mastery, R&D investment, R&D progress, product launch feasibility, expected launch time, market demand, financial impact on the company in 2021 and beyond, etc., combined with industry policy risks, etc. to fully indicate possible risks . In addition, the letter of concern also requires Zhongqingbao to respond to related questions and explain whether the company and related parties have hot spots, market manipulation, and illegal trading of company stocks.

▌Ethereum’s market value ranking rises to 15th in global assets, surpassing Alibaba

According to Golden Financial Report, AssetDash data shows that the market value of Ethereum has risen to the 15th place in global assets, currently about 498.8 billion U.S. dollars. The current market value has surpassed Alibaba, and the market value has risen by 5 places this month.

▌ “The Economist” DeFi theme cover NFT sold at a price of 99.9ETH

On October 27th, the DeFi theme cover NFT of The Economist was sold on the Foundation platform at a price of 99.9 ETH, and is currently valued at approximately US$420,000. The cover “Into the Rabbit Hole: The Promises and Dangers of Decentralized Finance”, commissioned by digital artist Justin Metz, is based on Sir John Tenniel’s first edition of “Alice in Wonderland” published in 1865. This sale marks the first time this 178-year-old international publication has entered the NFT. “The Economist” will retain 10% of the royalty shares of the digital work. This auction and all future sales proceeds will be donated to the independent charity “The Economist Education Foundation”.

▌Bitfinex allows users to purchase cryptocurrency through the Simplex payment gateway

Bitfinex announced that its platform will integrate encrypted payment processor Simplex to provide users with a third payment provider option for purchasing cryptocurrencies on Bitfinex. Users with intermediate and above verification levels can now use their Visa or Mastercard payment cards to purchase cryptocurrency through the Simplex payment gateway. The first digital tokens that can be purchased through Simplex are BTC, ETH, ERC-20 USDT and Tether Gold (XAUt). The minimum daily transaction amount is US$50 or its equivalent, and the daily transaction limit is US$20,000 or its equivalent.

▌The Wharton School of the University of Pennsylvania accepts Bitcoin and Ethereum to pay tuition fees

On October 28th, the Wharton School of the University of Pennsylvania is launching a blockchain executive education program and accepting students to pay for fees in cryptocurrency. The Wharton School of Business will rely on  Coinbase  Commerce to process payments. Coinbase charges merchants a 1% fee to use the service, but the school has not passed the fee on to students. According to a Coinbase spokesperson, any on-chain wallet can be used for payment.

▌Thailand shopping mall developer pilots cryptocurrency

It was reported on October 28 that Central Retail Corp, Thailand’s largest shopping mall developer, will release the cryptocurrency C-Coin on a trial basis, and it is still in the testing phase. C-Coin is based on blockchain technology and is currently being distributed to its 80,000 employees worldwide. In addition to their regular salary, it is also distributed based on performance. The company’s chief innovation officer stated that once all employees adopt the token and have To learn more, the token may expand to the public and handle all omnichannel and e-commerce platforms of CRC.

▌The circulation of BTC-anchor coins on the Ethereum chain exceeded 300,000, a record high

Golden Finance reports that according to the latest data, the total circulation of Bitcoin anchored coins on the Ethereum blockchain exceeded 300,000 for the first time, setting a record high. At the time of writing this article, it was 300,002. According to the current price calculation, the total locked position of the Bitcoin anchor currency is 17.69 billion U.S. dollars. BTC-anchored coins usually refer to a type of special tokens issued on non-bitcoin networks whose prices are anchored to native bitcoins. The three BTC-anchored coins with the largest issuance are: 1. WBTC (222,292 coins, The locked position is US$13,108,271,886); 2. HBTC (39,884 units, the locked position is US$2,351,907,692); 3. renBTC (17,515 units, the locked position is US$1,032,807,555).

▌ Сoinbase in the United States beyond the TikTok become the most popular iPhone applications

On October 28th, Coinbase climbed to the top of the App Store free list in the US, surpassing TikTok, Instagram, YouTube and other popular apps.

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