Day: August 11, 2020

Equilibrium, an EOS-based DeFi project, plans to develop a new interoperability protocol on Polkadot

According to Cointelegraph, the EOS-based decentralized financial project Equilibrium announced that it plans to develop a new interoperability protocol on the Polkadot (DOT) blockchain. The project aims to develop an independent parachain connected to Polkadot and launch an independent utility token called EQ, which serves as both a token for payment of transaction fees and a token for protocol management. In addition to the lending protocol that supports the new interoperable stablecoin, it will also allow broad borrowing of any…

Bakkt plans to add a “contactless payment” function to its app

Bakkt, a cryptocurrency platform initiated by the parent company of the NYSE, said that with the popularization of contactless payments, it has become easier to use digital currencies and digital wallets to pay. Bakkt plans to add functions to aggregate, convert, send, and consume digital assets to its apps, such as loyalty and reward points, cryptocurrency, gift cards, and game assets. The Bakkt app is an electronic wallet that can be paid with digital assets using contactless cards. This kind…

Spot gold plunged by nearly US$60 overnight, a correction of nearly 6% from historical highs

Spot gold continued to fall from around US$2,000/ounce in the evening, dropping to a minimum of US$1938/ounce, with an intraday drop of nearly 4%, and now rebounding slightly to around US$1950/ounce. Since August 7th, the price of gold has continued to fall from its historical high of US$2074, and there has been a correction of over 6%.

Riot Blockchain, a Nasdaq-listed mining company, has $4.3 million in mining revenue in the first half of this year

Riot Blockchain, a Nasdaq-listed mining company, announced its financial performance report for the second quarter of this year. The report shows that Riot’s Bitcoin mining capacity has increased by 129% from the first quarter and is expected to reach 566 PH/s by the fourth quarter of this year. In the first six months of this year, cryptocurrency mining revenue increased to 4.3 million U.S. dollars, a sharp increase from 3.8 million U.S. dollars in the same period last year. The…

Tether has migrated 120 million USDT from the TRON network to the Ethereum network

At 20:40 Beijing time, 120 million TRC20 USDT were transferred from the Bitfinex exchange to the Tether Treasury wallet address. Paolo Ardoino, Chief Technology Officer of Bitfinex, said that this operation is an on-chain token switch, from TRC20 to ERC20. According to previous reports from Chain News, Tether issued an additional 500 million USDT on Ethereum at around 8:30 on August 10 for USDT migration.

1inch completed a $2.8 million financing led by Binance Lab and Galaxy Digital

1inch, a decentralized aggregate trading tool, announced that it has received a $2.8 million financing led by Binance Labs and Galaxy Digital. Other major investors include Greenfield One, Divergence Ventures, and Kyber Network co-founder Loi Luu.

Many U.S. banks responded to the U.S. Office of the Comptroller of Currency saying they are open to providing crypto services

The Office of the Comptroller of the Currency (OCC) previously issued the “National Bank and Federal Reserve Association Digital Activities” proposed rules for comments. Up to now, a total of 91 submissions have been received, including US Bank and PNC. Banks said they may intend to provide customers with encrypted custody and other services. According to previous reports from Chain News, an advance notice of proposed rulemaking issued by the OCC in June focused on digital activities in the encryption…

U.S. listed company MicroStrategy purchases over $250 million in Bitcoin as part of asset allocation

MicroStrategy, a Nasdaq listed company and one of the world’s largest independent listed business intelligence (BI) software providers, announced that it has purchased 21,454 bitcoins, currently valued at more than $250 million, as part of its asset allocation. The company said it has issued a cash tender offer of up to $250 million for MicroStrategy’s Class A common stock through a revised Dutch auction bid. The bitcoin purchase was made in accordance with the capital allocation strategy previously announced when…

Binance will list DeFi project Serum Token SRM

Binance will launch the DeFi exchange Serum pass SRM at 21:30 today, and open the SRM/BNB, SRM/BTC, SRM/BUSD, SRM/USDT trading markets, and the SRM deposit channel is now open.

The Ethereum 2.0 multi-client testnet Medalla has fixed two major issues and two more are under investigation

According to Medalla, the Ethereum 2.0 multi-client test network, as of now, there are more than 26,000 active verification nodes and they are currently running well. Medalla has always followed the mainnet specifications and has made significant improvements in size and complexity compared to other testnets. Four major issues have been identified since the testnet was released last week, and two of them have been fixed so far. The first problem fixed is that the increase in the number of…