The decentralized lending platform Compound released an open oracle system.
Editor’s note: This article comes from the strategic cooperation blockchain media “Odaily Planet Daily” (Public ID: o-daily, < a href="https://download.odaily.com/">APP Download)
Headline
According to China Daily’s English website, officials and experts said that China is testing multiple ways to launch China’s first central bank digital currency (CBDC), and they expect the private sector to be more involved in creating government-backed currencies. Based on ongoing trials in some regions, the timing of the introduction of CBDC is nearing maturity. But it also faces difficulties, such as the international coordination of currency and exchange rate policies. Experts predict that if all goes well, the digital currency supported by the Chinese government may be earlier than Libra’s official release.
Digital currency
The 105,000 USDCs in the Ethereum blockchain were destroyed
According to Whale Alert monitoring, UTC time at 11:15:04 on August 20 (19:15:04 Beijing time), 1,054,000 USDC (valued at $105,246) on the Ethereum blockchain was destroyed.
Decentralized lending platform CompSound releases open oracle system
The decentralized lending platform, Compound, released a community project called “Open oracle system” to set the open standard for price oracles, allowing developers to contribute price data from a distributed price stream. The project’s prototype is currently running on the Ethereum Rinkeby test network, with price information from three sources, Coinbase Pro, Kraken, and Coin. (Medium)
Tezos Foundation sponsors the Japanese Research Laboratory to develop Plasma on Tezos Layer
The Tezos Foundation sponsored the Japanese Research Laboratory to develop the Plasma layer on Tezos, a two-tier extension that improves transaction throughput on the blockchain. Implementation will be carried out by the Cryptoeconomics Lab team, which will be led by Shogo Ochiai. (Tezos Foundation official website)
According to the contract statistics of the contract market global market futures contract, as of 18:01 on August 20th, Beijing time, the total amount of global contract market transactions in the 24 hours totaled 54.1 million US dollars, and the large amount was more than 30.35 million US dollars. The large short position was $23.75 million. Among them, the Huobi exchange sold more than 13.2 million US dollars, the empty order was 15.1 million US dollars, the OKEx exchange sold BTC quarterly more than 2.15 million US dollars, the BTC quarterly empty order was 1.79 million US dollars, and the Bitmex exchange sold BTC for more than 15 million US dollars. The empty order is $6.95 million.
Bitfinex appeals the decision of the New York Supreme Court
The New York State Court ruled thatHave jurisdiction over Bitfinex and allow the Office of the Attorney General of New York to continue investigations. But the latest notice shows that Bitfinex (iFinex) and Tether are appealing the Supreme Court of New York yesterday. The media found that the company said in the statement: “The court of first instance lacks personal jurisdiction because the service is flawed and the complainant has failed to prove that the defendant has engaged in a purposeful activity. The court of first instance lacks the subject matter jurisdiction because of the encryption as the focus of the complainant’s investigation. Money is neither a commodity nor a security required by the Martin Act.” (CoinDesk)
ETC Atlantis hard fork upgrade time may be advanced to September 13
According to the previous news from the Odaily Planet Daily, Ethereum Classic Labs delayed the hard fork time of ETC Atlantis to a block height of 8772000 (expected September 17). Last Friday, according to Etherplan analysis, the time of the block height will change, expected on September 13. In addition, miners, node operators, and exchanges need to run at least one stable version of the following three client versions or higher: Classic-Geth v6.0.8, Multi-Geth v1.9.2, and Parity Ethereum v2.5.6. Mantis will no longer support ETC.
Bitcoin core developer Pieter Wuille launches the new Bitcoin scripting language Miniscript
Bitcoin core developer and Blockstream co-founder Pieter Wuille posted a tweet announcing the launch of a new Bitcoin scripting language Miniscript. Essentially, this is a way to write (some) bitcoin scripts in a structured, combinable way, allowing for various static analysis, generic signatures, and policy compilation. The project includes a strategy compiler that finds the most economical Miniscript compatible scripts when you set the output cost and relative probability. Developers can not only use the policy compiler on the website, but also don’t need to know the script policy.In the case of a slightly created source, Miniscript’s algorithm supports building a witness for any script that is compatible with Miniscript.
Blockchain application
IBM partners with Travelport and BCD Travel to launch a tourism blockchain pilot
Travel industry technology company Travelport is working with IBM and travel management company BCD Travel to develop the lowest viable product (MVP), using blockchain technology to streamline the hotel commission process. (CryptoBriefing)
Deloit Launches Demonstration Blockchain Platform BIAB
The four major audit and consulting firms Deloitte launched a blockchain-based platform, In a Box (BIAB), to provide users with blockchain demonstrations and experiments. (Cointelegraph)
Investment and financing
Encryption and securities-based token exchanges INX will raise $130 million through PO. INX Limited plans to raise $129.5 million through IPO. It is reported that this is the first securities-type token transaction registered with the US Securities and Exchange Commission (SEC). Since INX will issue securities-type tokens, it must first become a broker-dealer, which requires separate registration with the US SEC and approval from the Self-Regulatory Organization (SRO), the US Financial Supervisory Authority (FINRA). Should be doneSubmit additional materials to the SEC for the Alternative Trading System (ATS). In addition to obtaining securities-related approvals, INX also needs to obtain a remittance permit from the state in which it operates in order to operate as an encrypted exchange, allowing investors to buy and sell cryptocurrencies such as Bitcoin. (CoinDesk)
Cere Network Completes $3.5 Million Seed Wheel Financing
Block-Based Customer Relationship Management Startup (CRM) Cere Network completed a $3.5 million seed round of financing, including companies such as Binance Labs, Neo Global Capital and Arrington XRP Capital. It is reported that Cere Network has opened an office in New York and will announce the establishment of an innovation laboratory in Berlin during the blockchain week in Berlin. (CoinDesk)
Global Policy
US Financial Regulation Board approves IAOMC broker dealer membership
The US Financial Supervisory Authority (FINRA) approves membership applications for IOI Capital and Markets (IOICM). IOICM, a wholly-owned subsidiary of Iownit Capital and Markets, Inc., will act as a private equity digital securities placement agent issued by the blockchain platform developed and operated by its parent company, which is said to be based on the licensed Hyperledger Fabric blockchain. The approval of FINRA means that the company can now issue securities and is likely to enter the secondary trading business. (CoinDesk)
Facebook cryptocurrency Libra has been reviewed by EU antitrust agencies
Facebook cryptocurrency Libra was reviewed by EU antitrust agencies. The EU sent a questionnaire to the Libra Proposal Group. The agency said Libra may limit competition. (金十)
People·Sound
Huang Dazhi, a senior researcher at Suning Financial Research Institute, said in an interview that the blockchain platform and the regulatory sandbox system that has been mentioned many times may be the first in Shenzhen. However, Huang Dazhi also said that in the process of promoting interconnection, we must also guard against various risks. First, pay attention to the various types of risk issues of cross-border finance. Second, in asset allocation, pay attention to the differences in risk categories and characteristics faced by financial products in different markets, and the risk transfer of cross-market financial asset allocation. (Securities Daily)