headlines

The developers of the DeFi project SharkTron allegedly stole $10 million in TRX. The community accused the SharkTron anonymous developer of being an exit scam, and has already taken hundreds of millions of TRX away. While the exact amount of the theft remains unknown, Twitter users reported the loss of between 366 million and 400 million TRX (worth around $10 million).

On November 9th, Filecoin officially released the introduction and competition rules of the second phase of Slingshot. The second phase of Slingshot will distribute a reward of at least 500,000 FIL, which is in addition to the 50,000 FIL distributed in the first phase. Storage rewards are distributed monthly, where storage tiers are unlocked. Storage rewards will be prorated based on the amount of new valid data that Slingshot participants have stored within the reward window. In addition, the second phase of Slingshot will also set Booster rewards. If the rules are followed and new data exceeding 50GiB is stored in the reward window, miners will receive 10FIL Booster rewards. The official reminder stated that since the launch of the mainnet, all rewards obtained will be distributed linearly within six months, or dealt with accordingly due to other issues.

JustSwap whitelisted project SharkTron ran away, TRON and Binance froze some funds

The developers of the DeFi project SharkTron allegedly stole $10 million in TRX. The community accused the SharkTron anonymous developer of being an exit scam, and has already taken hundreds of millions of TRX away. While the exact amount of the theft remains unknown, Twitter users reported the loss of between 366 million and 400 million TRX (worth around $10 million).
The official Twitter account of the Tron Foundation confirmed the incident and has contacted Binance to track down the perpetrators and the stolen funds. While Binance has frozen some of the funds, other exchanges may also be involved in recovering the funds. The team advised victims to file a report with local police.

Zcash will launch the Canopy upgrade on November 18, and the block reward will be halved to 3.125 ZEC

According to reports, Ripple first purchased $46 million worth of XRP in the third quarter of 2020, even though it already owns nearly half of XRP's supply. Ripple said the acquisition was to support a "healthy market," likely referring to building interest around XRP, thereby boosting its price. A spokesperson for Ripple said the company may continue to purchase XRP to support its newly launched product, the Line of Credit beta. The product allows ODL customers to buy XRP on credit from Ripple.

digital currency

The ETC mainnet will activate the Thanos hard fork around November 28

On November 9, ETC-Core issued a document saying that Ethereum Classic (Ethereum Classic) is accepting a network upgrade code called Thanos (ECIP-1099). Participating core developers and community members reached consensus on October 2 to accept ECIP-1099. The Thanos hard fork schedule is as follows, which may change as the network approaches the activation block: 1. It was successfully activated on the Mordor testnet at block height 2,520,000 on October 18, 2020. 2. Activate on the ETC main network at block height 11,700,000 or around November 28, 2020.

Zcash will launch the Canopy upgrade on November 18, and the block reward will be halved to 3.125 ZEC

On the morning of November 10, Zcash development company Electric Coin Company (ECC) officially announced that Zcash will launch the Canopy network upgrade on November 18 to establish a new development fund and further realize decentralized development. Meanwhile, Zcash will experience its first halving. This means that starting from block 1046400, the Zcash block reward will be halved from 6.25 ZEC to 3.125 ZEC.

On the morning of November 10, Zcash development company Electric Coin Company (ECC) officially announced that Zcash will launch the Canopy network upgrade on November 18 to establish a new development fund and further realize decentralized development. Meanwhile, Zcash will experience its first halving. This means that starting from block 1046400, the Zcash block reward will be halved from 6.25 ZEC to 3.125 ZEC.

Privacy browser Brave announced that it will discontinue the referral reward program

On November 9, the privacy browser Brave officially announced that it will discontinue the referral reward program. Creators who currently use the reward have 14 days to end their related activities. Brave says details of the new referral program will be shared in early 2021.

MakerDAO's new proposal proposes to increase DPI as collateral

On November 10, INDEXcoop community members put forward a new proposal in the MakerDAO Governance Forum, adding DPI as MakerDAO collateral. DPI is an ERC20 index fund. It represents 100% asset ownership of the underlying token. The purpose of the fund is to allow ownership of key governance protocols in the DeFi Space. Think of it as Wrapped DeFi (wDeFi). The benefit of this structure is that it provides asset exposure while minimizing downside risk due to failure of individual projects.

BerryClub, the first liquidity mining application on the NEAR mainnet, has been officially launched

Evgeny Kuzyakov, senior software engineer of the open network platform NEAR Protocol (NEAR), said recently that BerryClub, the first liquid mining application, has been launched on the NEAR mainnet. Log in to get 25 avocado tokens, one token can draw one pixel, and each pixel can generate 1 token per day. Users can use NEAR to buy avocado tokens. Currently, 0.1 NERA can be exchanged for 25 avocado tokens.

Foreign media: Binance has begun to block US users from accessing its platform
Binance has begun blocking US users from accessing its platform, according to an email obtained by The Block. The email indicates that if the user resides in the United States, the withdrawal must be made within 90 days.

According to previous news, Binance first announced in July 2019 that it would stop providing services to US residents starting in September of that year.

FTX listed Alibaba, Bilibili, Bianbian Meatke and 2 biomedical company equity certificates

FTX, a cryptocurrency derivatives exchange, has recently listed the equity certificates of Alibaba (BABA), Bilibili (BILI), BYND (BYND), Pfizer (PFE) and BioNTech (BNTX). Among them, Pfizer is one of the largest pharmaceutical companies in the United States, and BioNTech is a leading biotechnology company in Germany. According to the BBC, the vaccine jointly developed by Pfizer and BioNTech is more than 90% effective against the new coronavirus.

Shenzhen uses blockchain and other technologies to build a voting system for online lending institutions

Blockchain industry

Shenzhen uses blockchain and other technologies to build a voting system for online lending institutions

Shenzhen has built a voting system for online lending institutions using technologies such as blockchain, face recognition, and intelligent voice robots, which has become an important infrastructure to ensure the benign exit of online lending institutions. Under the good retirement guidelines and the guarantee of the voting system, 252 online lending institutions in Shenzhen have completely withdrawn, and another 37 platforms are using the voting system to carry out liquidation. (Shenzhen Special Zone News)

Shenzhen has built a voting system for online lending institutions using technologies such as blockchain, face recognition, and intelligent voice robots, which has become an important infrastructure to ensure the benign exit of online lending institutions. Under the good retirement guidelines and the guarantee of the voting system, 252 online lending institutions in Shenzhen have completely withdrawn, and another 37 platforms are using the voting system to carry out liquidation. (Shenzhen Special Zone News)

Overstock plans to expand Irish team, will develop software for tZero

American online retail company Overstock has announced plans to establish a new team at its European headquarters in Sligo, Ireland. It will hire people skilled in software and DevOps engineering to work on its blockchain and security token subsidiary tZero. Overstock currently has 90 employees in the region, working on software development, analytics and machine learning projects. The new hires will develop software for tZero, and four positions are currently open. (Silicon Republic)

Riot Blockchain releases Q3 2020 financial results, recent operational and financial highlights. The report shows that during the nine-month period ended September 30, 2020, crypto mining revenue increased by 21% to $6.7 million, compared to $5.6 million in the same period in 2019. Crypto mining revenue margin increased to 38% for the nine-month period ended September 30, 2020, compared to 18% for the same period in 2019. (PRNewswire)

Investment and Financing

Investment and Financing

Andre Cronje Launches $3M DeFi Fund M&A With Anonymous Hegic Creator
Property software provider Coadjute has received millions of pounds in financing from a consortium led by Swiss venture capital firm Blockchain Valley Ventures, technology investment specialist Odysseus, global real estate fund Ahimsa Esya Capital and David E.Rutter.

Pantera Capital and Alameda Research Invest in Balancer by Purchasing BAL Tokens

The DeFi protocol Balancer announced that cryptocurrency investment institutions Pantera Capital and Alameda Research invested in Balancer by purchasing BAL tokens directly from Balancer Labs Treasury, with an undisclosed amount. The new funds will help accelerate the development of Balancer V2. Balancer said that Balancer V2 will significantly improve transaction costs, simplify developer integration and user experience.

Blockchain-based property software provider Coadjute secures multi-million pound funding

Property software provider Coadjute has received millions of pounds in financing from a consortium led by Swiss venture capital firm Blockchain Valley Ventures, technology investment specialist Odysseus, global real estate fund Ahimsa Esya Capital and David E.Rutter.

global policy

global policy

Beijing promotes the implementation of 102 "two-zone" financial policies, and plans to build a legal digital currency pilot zone and a digital financial system

On November 9, the "National Service Industry Expansion and Opening-up Comprehensive Demonstration Zone, China (Beijing) Free Trade Pilot Zone Financial Field Policy Promotion Conference" co-sponsored by the Beijing Local Financial Supervision and Administration Bureau and the Tongzhou District Government was held in the sub-center Beijing International Fortune Center held. In the field of digital currency, the "Overall Plan for China (Beijing) Pilot Free Trade Zone" mentioned that it supports the Digital Currency Research Institute of the People's Bank of China to establish a financial technology center; build a legal digital currency pilot zone and a digital financial system. (Beijing Business Daily)

UK Treasury Working on Draft Stablecoin Specifications
The British Ministry of Finance issued a statement on November 9 stating that it is drafting a draft to regulate private stablecoins, and is also studying the possibility of central bank digital currency (CBDC) as a substitute for cash. While details are still unclear, the statement said the draft would require businesses operating stablecoins to adhere to the same minimum standards as other payment entities.

In the early hours of this morning, British Chancellor of the Exchequer Rishi Sunak said that negotiations with the European Union on stablecoins are about to begin. (Cointelegraph)

The Korean Ministry of Small and Medium Enterprises formulated the "Step-by-Step Implementation Plan for Technology Development of Small and Medium-sized Enterprises 2021-2023". The plan announced that 30 fields have been selected as future strategic fields, and 150 billion won (about 133 million U.S. dollars) of financial support will be provided every year. The 30 fields specifically include technologies such as the fourth industrial revolution technology AI, big data, blockchain, and 5G. In addition, there are 10 growth fields for small and medium-sized enterprises, including organic chemistry, precision machinery, food, and textiles and clothing. (Yonhap News Agency)

Character·Voice

Character·Voice

British Chancellor of the Exchequer Sunak: Negotiations on stablecoins are coming soon

British Chancellor of the Exchequer Rishi Sunak said Britain and the European Union were interested in reaching an agreement on equivalence in financial services. Certainty must be provided for post-Brexit regulation in hopes of making the UK a world leader in green finance. Sunak also said that consultations on stablecoins (Stablecoins) are imminent. (Golden Ten)

Governor of the Bank of England: We welcome the Chancellor's statement that he will continue to promote the central bank's digital currency work

Bank of England Governor Bailey said he welcomed the statement by British Chancellor of the Exchequer Sunak that he would continue to advance the central bank's digital currency work. (Golden Ten)

Lebanese central bank governor: Lebanon plans to launch digital currency in 2021

Lebanon plans to launch a digital currency in 2021, according to Riad Salameh, governor of Lebanon's central bank. (Golden Ten)

Ripple CEO Warns Public Companies Against Holding Bitcoin