Planet Daily | Binance is about to launch a mining pool business; the newly issued stablecoins in March reached 2 billion US dollars

Headlines

Zhao Changpeng: Binance is about to launch mining pool business

Zhao Changpeng said on Twitter that Binance will soon launch the mining pool business. Previously, Zhao Changpeng revealed at the beginning of the year that the mining pool business has always been an area that Binance has not involved in, and the mining pool business may be launched this year.

DAppTotal: Affected by market fluctuations in March, the stablecoin market issued an additional $1.97 billion

DAppTotal.com data shows that as of March 31, the total issuance of USDT was 6.26 billion, an increase of 1.42 billion from the previous month, of which the total issuance of ERC20-USDT continued to expand, from 2.72 billion last month to 4.24 billion. Overall, due to the sharp fluctuations in the price of the currency, the demand for trading and hedging led to a significant increase in the issuance of USDT and emerging stablecoins in March.

Digital Currency

Report: Global blockchain private equity financing reached 3.767 billion yuan in March, 90% of which went to the US market

The latest report released by the Interchain Pulse Research Institute (IPRI) shows that in March 2020, the global blockchain field received 29 financings, with a financing amount of approximately 3.767 billion yuan, a month-on-month increase of 190.9%. Among them, the US market, as one of the main forces, has heated up the fastest. Among the 29 financing projects, there are only 8 US financing projects, but the financing amount is as high as 3.25 billion yuan, and nearly 90% of the funds are invested in the US market.

Data: DEX total trading volume hit a new high of $668 million in March

According to Dune Analytics, the total trading volume of decentralized exchanges (DEX) reached $668 million in March, 53% higher than the all-time high in February. Dune Analytics pointed out that DEX trading volume increased due to the decline in Ethereum prices. (The Block)

Vitalik Buterin proposes a plan to improve Ethereum privacy by using the Ethereum domain name system to hide addresses

On April 1, Ethereum founder Vitalik Buterin wrote that the next step to improve Ethereum privacy is to implement some simple, easy-to-use plans similar to privacy addresses, that is, to send tokens to an address with an ENS (Ethereum Domain Name System) name without announcing who specifically got the coins.

Judge rejects Telegram's request to issue Gram tokens only to non-US investors

On Wednesday, P. Kevin Castel, a federal district judge in the Southern District of New York, rejected Telegram's request to issue Gram tokens only to non-U.S. investors. The judge said that Telegram's claim that it could issue tokens only to non-U.S. investors and ensure that the tokens would not enter the hands of U.S. investors was unconvincing, and Telegram did not actually explain how it could prevent secondary sales, nor how it could reasonably modify the Gram purchase agreement to set such restrictions (on U.S. investors). (CoinDesk)

Bitcoin codebase snapshot to be encoded onto film and stored under Arctic ice for a thousand years

As part of the GitHub Archive project, a snapshot of the Bitcoin codebase will be encoded onto film and stored under the Arctic ice in Svalbard, Norway for a thousand years, with the mission of preserving open source software for future generations to understand today's culture. GitHub has partnered with institutions such as the Software Heritage Foundation, the Arctic World Archive, and the Bodleian Library at the University of Oxford to ensure long-term preservation of the code. (Cointelegraph)

Cardano has undergone a Byron reboot

IOHK CEO Charles Hoskinson said that Cardano (ADA) has completed the Byron Reboot and is ready to transition to the Shelley mainnet.

Harmony Co-founder: Update Harmony Token Economic Model and Launch Open Staking Economic Model

On April 1, Nick White, co-founder of Harmony, published an article titled "Harmony's New Tokenomics", detailing the updated token economic model; an open mortgage model will be launched, with an equal increase of 441 million tokens issued each year, and zero increase in issuance will be achieved by destroying handling fees. (Medium)

Blockchain Industry

Blockchain anti-counterfeiting and traceability technology helps increase the repurchase rate of fresh seafood products by 47.5%

The "2020 Blockchain Traceability Service Innovation and Application Report" was recently released. The report shows that after users purchase traceable products, the repurchase rate of seafood products has increased by 47.5%, and the sales of nutritional health products has increased by 29.4%. (CNR)

ByteDance’s photographer community “TuChong” introduces Ant Blockchain technology

ByteDance's photographer community "TuChong" has introduced Ant Blockchain technology to provide a copyright protection service of "publishing and storing evidence", helping the platform's photographers to put their works on the chain and make them traceable. At present, the "TuChong" platform has 800,000 contributors and more than 2.9 million original works successfully "on the chain", with an average of more than 200,000 new original works confirmed every day, making it the largest on-chain photo confirmation platform. (Economic Network)

Investment and Financing

Celo plans to distribute at least $15.7 million in grants in 2020

Xochitl Cazador, head of ecosystem growth at cLabs (the company behind Celo), said Celo plans to distribute at least $15.7 million in grants in 2020. (Cointelegraph)

SBI to invest in Russian payment service provider QIWI's fintech subsidiary

On April 1, SBI Holdings officially announced that it had signed a preliminary investment intention agreement with QIWI, a leading Russian payment service provider, to invest in the latter's financial subsidiary QIWI Platform, but the specific investment amount was not disclosed. (SBI official website)

Global Policy

Xi Jinping: Use cutting-edge technologies such as big data, blockchain, and AI to promote innovation in urban management

Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, pointed out during his recent inspection in Zhejiang that the use of cutting-edge technologies such as big data, cloud computing, blockchain, and artificial intelligence can promote innovation in urban management methods, management models, and management concepts. From digitalization to intelligence and then to wisdom, it is the only way to promote the modernization of urban governance systems and governance capabilities, and the prospects are broad. (Xinhua News Agency)

Media: South Korea’s new “P2P Act” may prohibit DeFi platforms from operating in the country

Cryptocurrency media Decrypt published an article saying that South Korea's financial regulator is trying to fine-tune the Online Investment-Linked Finance Act, also known as the "P2P Act", which is expected to be passed in the third quarter of 2020. If all goes well, it means that starting in August this year, South Korea will not be able to use cryptocurrencies as collateral for loans and investment products. It is not clear how the bill will be applied to DeFi platforms, but according to the current version, DeFi platforms will be prohibited from operating in South Korea. (Decrypt)

Characters and Voices

Jiang Zhuoer: If the price of the currency does not improve after the flood season, there may be a mining accident

On the evening of April 1, Jiang Zhuoer analyzed that due to the impact of the flood season, the cost of mining electricity will drop by 40% or even 50%. The drop in electricity prices during the flood season will greatly alleviate the mining cost problem for most people. At the same time, if the price of the currency still does not rise significantly after the flood season ends, it may cause some mining machines to shut down, thus causing a mining disaster.