headlines
Grin has completed its second hard fork upgrade
The anonymous coin project Grin has completed the second hard fork upgrade at block height 524160. Earlier this month, Grin released the latest 3.0 client to support this hard fork upgrade.
digital currency
According to the team’s information in the developer community, the Polkadot PoS relay chain is expected to be launched in the first quarter, the parallel link input module has already started testing, and the cross-chain function has been designed.
headlines
digital currency
On January 15, Polkadot founder Gavin Wood revealed the current specific development progress of Polkadot in the community, and summarized the specific progress of Polkadot's three major technical modules. The summary states that the Polkadot relay chain, as the PoS main chain, has entered the audit stage, and there is an 80% probability that it will be launched in the first quarter. At that time, the Polkadot main network will be able to carry out staking and governance; Start testing, and optimistically estimate that it will be merged into the main network in April this year. Finally, Gavin Wood revealed that XCMP, the core cross-chain communication protocol of Polkadot, has completed the final design and is already on the way to realization. The team will strive to complete the cross-chain this summer. (Block Beats)
Founder of Cryptocurrency Trader CabbageTech Sentenced to 33 Months in Prison
Patrick McDonnell, founder of cryptocurrency trader CabbageTech, was sentenced to 33 months in federal prison for his involvement in a cryptocurrency scam. McDonnell was also ordered to pay the victim $224,352, the U.S. Attorney's Office for the Eastern District of New York said. Earlier news, the founder of cryptocurrency trader CabbageTech admitted in June 2019 to participate in a cryptocurrency scam, defrauding investors of nearly $2 million. (CoinDesk)
The Reserve Bank of Australia (RBA) recently revealed that it simulated the use of a central bank digital currency (CBDC) in a wholesale payment system based on the Ethereum network to investigate the possibility of a central bank digital currency. (Bitcoinist)
According to a recent report by CoinGecko, DeFi will continue to advance in 2020. The total value of DeFi applications locked on the Ethereum blockchain will exceed $1 billion, and there will be more than 100 DeFi applications by the end of the year. Prices appear on other smart contract platforms. (AMBCrypto)
Report: The value of DeFi applications locked on Ethereum will exceed $1 billion in 2020
Blockchain industry
Uzbekistan to Create 'National Mining Pool' and Launch First Approved Cryptocurrency Exchange
On January 16, the Guangzhou Municipal Bureau of Justice, the Guangzhou Intermediate People's Court, the Guangzhou Municipal People's Procuratorate, and the Guangzhou Public Security Bureau held a briefing today to jointly announce that the "Guangzhou Public Law Chain" has been completed and applied, and the identification agencies in the city will be connected to it from now on. The "Guangzhou Public Law Chain" implements a new mode of electronic judicial appraisal opinions for external storage, evidence collection services and management. Judicial appraisal opinions are connected to the "Guangzhou Public Law Chain", the first project for social services, and the annual number of cases on the chain is about 100,000. The chaining of legal documents such as notarization, people's mediation, and administrative reconsideration is also under construction and planning. (Guangzhou Daily)
Investment and Financing
Guangzhou is the first to launch electronic judicial appraisal opinions, and legal documents such as administrative reconsideration are also under construction planning
global policy
Report: Coinbase and Kraken expanded their businesses the most in 2019, acquiring a total of 21 companies
Character·Voice
Newly Filed US Congress Bill Seeks De minimis Tax Exemption for Smaller Crypto Transactions
