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Headlines
▌Ethereum miners’ revenue hit a record high of $800 million in January
Ethereum miners' revenue in January reached $800 million, surpassing the record high three years ago. The previous high was $762 million in January 2018. The Block's Dashboard data showed that more than $311 million of Ethereum's mining revenue in January came from network transaction fees, accounting for nearly 40%. The daily revenue brought by miners' computing power also reached the highest level since the beginning of 2018.
policy
▌Shenzhen Longhua District issued several measures to support the development of the blockchain industry
On January 31, the "Several Measures to Support the Development of Blockchain Industry in Longhua District, Shenzhen" was approved by the district government and issued. The blockchain enterprises or institutions referred to in the measures refer to blockchain enterprises or institutions that implement independent accounting and are engaged in blockchain technology research, product development, data processing, scenario application, platform operation, testing and certification, etc. The measures include a number of support measures, such as settlement incentives, technical incentives, and financial support. The measures will take effect on February 15, 2021 and will be valid for 3 years. When the validity period expires or the relevant laws and policies change, they will be evaluated and revised according to the implementation situation.
▌The first phase of the Swiss crypto and blockchain regulatory framework takes effect today
On February 1, the first phase of the Swiss Blockchain Act covering corporate reforms came into effect. The implementation of the new regulatory model will help improve Switzerland's rapidly developing cryptocurrency and blockchain sectors. As early as September 2020, the country's parliament passed an expanded regulatory framework for crypto and blockchain technology. The second phase of the Swiss Blockchain Act is expected to take effect this summer, and the second phase will provide legal support for crypto trading operations.
▌Shanghai's "14th Five-Year Plan": Carry out a pilot application of digital RMB
On January 30, the Shanghai Municipal People's Government website released the "Outline of the 14th Five-Year Plan for National Economic and Social Development of Shanghai and the Long-Term Goals for 2035". It proposed to build a globally competitive financial technology center. Strengthen the research and development and application of financial technology, and accelerate the research and development of core financial technology represented by big data, artificial intelligence, blockchain, cloud computing, 5G, etc. Promote the establishment of a national financial technology development research center in Shanghai. Carry out a pilot application of digital RMB.
▌Qingdao Agricultural Bank begins promoting digital RMB wallet
On February 1, according to the Daily Economic News, the Agricultural Bank of China Qingdao Branch has begun to promote digital RMB wallets. It is understood that the Agricultural Bank of China Mobile Banking App can open a digital RMB wallet. Users can log in to the Agricultural Bank of China App to expand all and find the "Digital RMB" entrance, but general users will display "Not in the whitelist, no access" after clicking. Relevant staff said that if this function is not found, you can register at the nearest branch with your ID card, or you can leave your name and ID number by phone in advance, and the staff will make an appointment for this service. She also said that the bank is currently promoting this service.
Blockchain Applications
▌Microsoft uses blockchain technology to purchase soil carbon credits in Australia
Microsoft has adopted blockchain technology to purchase 43,338 tons of soil carbon credits in Australia. In conjunction with the Regen network built on the Cosmos (ATOM) blockchain, the credits, called CarbonPlus Grassland, were initially issued to two ranches in New South Wales. Microsoft previously announced in 2020 that it would strive to reduce its carbon footprint to zero by 2030.
Cryptocurrency
▌Grayscale BTC Trust holdings increased by 390 coins. On February 1, Eastern Time, the Grayscale Trust holdings data changed as follows: Grayscale BTC Trust holdings increased by 390 coins (+0.06%), with a total holding of 648,850 BTC; Grayscale ETH Trust holdings decreased by 602 coins (-0.02%), with a total holding of 2,930,692 ETH; Grayscale LTC Trust holdings increased by 37,735 coins (+2.97%), with a total holding of 1,307,432 LTC; Grayscale ETC Trust holdings decreased by 3,032 coins (-0.02%), with a total holding of 12,295,549 ETC; Grayscale BCH Trust did not increase its holdings on that day.
SEC accuses three partners of crypto company Bitcoiin2Gen of defrauding investors of $11.4 million
The U.S. Securities and Exchange Commission (SEC) on Monday charged three partners of defunct cryptocurrency firm Bitcoiin2Gen with defrauding investors of $11.4 million by selling B2G tokens through actor Steven Seagal.
▌Kronos, a listed company, will accept DOGE as a payment method Kronos Advanced Technologies (KNOS), a listed company focusing on air purification technology, announced that it will accept Dogecoin (DOGE) as a payment method for air purifiers and PPE supplies.
▌Foreign media: Coinbase chooses to go public directly on Nasdaq
Two sources familiar with Coinbase's plans said Coinbase chose Nasdaq as the venue for its direct listing. Previously, on January 25, Nasdaq's private market launched a secondary market for Coinbase shares. Coinbase plans to list on Nasdaq's public market in the coming weeks.
▌Ukrainian Ministry of Energy discusses with crypto mining companies about building mining centers at more nuclear power plants
Ukraine’s Ministry of Energy is in talks with a domestic crypto mining company called Hotmine to allow the company to build mining centers at more nuclear power plants in the country. On January 30, Ukraine announced that it would build a large-scale crypto mining data center at a nuclear power plant.
▌MDX becomes the fourth largest mining pool for MDEX.COM liquidity mining, with a total amount exceeding 100 million US dollars
On February 1, the decentralized trading platform MDEX.COM launched liquidity mining and transaction mining for the 13th day. As of 22:00 today, the staking volume of the liquidity pool has developed rapidly. As of now, MDX has become the fourth largest liquidity mining pool on the platform (second only to BTC, HT and ETH), and the total amount of MDX/USDT and MDX/WHT liquidity pools exceeds 100 million US dollars.
▌Binance Smart Chain's another "dog" project Multi Financial ran away and took away 5,000 BNB in one day
According to the feedback from Binance Smart Chain investors to Wu Blockchain, on February 1, another "dog" project Multi Financial on BSC ran away, taking away about 5,000 BNB in just one day of going online. The damaged investors said that they had reported to Binance to block the project party's address and reported to the police. Recently, there have been multiple runaway incidents on BSC. The popcornswap project party took away nearly 48,000 BNB. Three projects (Zap Finance, Tin Finance, and SharkYield) ran away within a few days. Currently, SharkYield is suspected of taking away 6,000 BNB. Binance previously stated that BSC is a public chain like Ethereum and should not be responsible for the projects above. It is hoped that users will invest cautiously and choose high-quality head projects to participate. |
