Innovation

According to a new report from Franklin Templeton, a global asset management company, decentralization will help drive the fourth wave of technology supported innovation. According

According to reports, people familiar with the matter said that First Citizens BancShares of the United States is in in-depth negotiations to acquire Silicon Valley Bank, and an ag

On March 26, Zheng Zhajie, Director of the National Development and Reform Commission, stated at the 2023 annual meeting of the China Development Forum that we should actively cult

According to reports, the bankruptcy judge approved the sale of BlockFi\’s mining machines and other physical assets for $4.7 million. These assets were sold to a company called US

According to reports, Brian Armstrong, CEO of Coinbase, said in a live Twitter chat on Thursday that the recent actions of the Securities and Exchange Commission are putting the Un

It is reported that the investment institution Giants Innovation Hub has announced three new plans, namely, Giants Esports Lab, Giants Media 4 Equity, and Giants Venture Capital. T

According to reports, Mati Greenspan, founder of Quantum Economics, believes that US regulators have been unfriendly to cryptocurrencies \”from the beginning.\”. Recently, the collap

On March 23rd, the Early Adopter Grants (EAG) Committee of Starnet launched the first round of EAG token grants today. The committee is authorized to operate until June 30, 2023, w

According to reports, Representative French Hill, chairman of the newly established House Financial Services Subcommittee, which focuses on digital assets, said that Congress needs

According to reports, CoinRoutes, a crypto trading technology company, has obtained a patent for its system for routing transactions to exchanges and estimating costs. According to

According to reports, according to US financial media Semafor, US federal prosecutors have asked lawmakers to hand in political donations from FTX founder SBF and its employees.
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According to reports, Copper, a crypto hosting company, said that in the difficult market environment affecting the crypto industry, the company has streamlined its business and fa

According to reports, Pixelcraft Studios, creator of the meta universe game Aavegotchi, said on Monday that they had raised $30 million in token sales over the years. It is said th

According to reports, Web3 gaming company Immutable and Polygon are collaborating to accelerate innovation and adoption in the emerging crypto gaming field. The alliance will be co

According to reports, the Monetary Authority of Singapore (MAS) said on Monday that its goal is to publish consultation feedback on cryptocurrencies and stable currencies by the mi

It is reported that Huang Tianmu, chairman of Taiwan, China Financial Supervisory Commission (FSC), told local media on Monday that as Taiwan further strengthens the supervision of

According to reports, Larry Fink, CEO of global asset management giant BlackRock, stated in his latest annual investor letter that very interesting developments are taking place in the field of digital assets, and many emerging markets, such as India, Brazil, and parts of Africa, are witnessing significant progress in digital payments, reducing costs, and promoting financial inclusion. In contrast, many developed markets, including the United States, lag behind in innovation, resulting in much higher payment costs. Larry Fink also predicted that the Federal Reserve would continue to focus on fighting inflation and increasing interest rates, and that the current banking crisis will place greater emphasis on the role of capital markets. He explained, “As banks may be subject to more restrictions on lending, or as their customers realize that these assets and liabilities do not match, I expect they may turn to the capital markets for financing.” (Blackrock) BlackRock CEO: Backward digital asset innovation in developed markets such as the…

According to reports, Yat Siu, co founder of Animoca Brands, said, “Royalties have helped drive the growth of the NFT economy, and all these innovations have occurred because royalties can be collected.” Animoca Co founder: Royalties make it possible for NFT projects to flourish Analysis based on this information:Non-Fungible Tokens (NFTs) have been creating a buzz in the digital world; these unique digital assets represent ownership of a specific virtual item, whether it be digital art, music, or gaming items. One of the driving forces behind the growth of the NFT market is the concept of royalties, which incentivize creators and investors to produce and invest in valuable virtual content. According to Yat Siu, co-founder of Animoca Brands, a leading blockchain game developer, royalties have played a crucial role in shaping the NFT economy. In his statement, Siu emphasizes that the ability to collect royalties on NFT sales incentivizes creators to produce high-quality digital assets while providing investors with the…

According to reports, Zhao Changpeng, CEO of Coin Security, tweeted that the cryptocurrency industry benefits from consistent and clear regulation, and we need to cooperate to achieve this goal. Competition drives innovation. Sound, risk based policies will help create a competitive environment. Innovation must be conducted in a responsible manner to protect users. Policymakers should effectively promote consistent and clear regulations. And crypto exchanges must continue to do the right thing, always putting users first. The encryption industry requires continuous progress on both sides, which cannot be replaced by each other. Zhao Changpeng: Policymakers should promote consistent and clear regulations Analysis based on this information:Zhao Changpeng, the CEO of Coin Security, highlighted the significance of clear and consistent regulation in the cryptocurrency industry. He made a tweet indicating that the industry can benefit from sound risk-based policies that help create a competitive environment to drive innovation. Furthermore, he emphasized that innovation must be done responsibly to protect users, and policymakers…

On March 17th, the Beijing Municipal Commission of Science and Technology, the Zhongguancun Science and Technology Park Management Committee, and the Beijing Municipal Bureau of Economy and Information Technology issued a notice on the “Work Plan for Promoting the Innovative Development of Beijing Internet 3.0 Industry (2023-2025)” to promote the innovative development of Beijing Internet 3.0 industry. Beijing issues a work plan on promoting the innovative development of Beijing Internet 3.0 industry Analysis based on this information:The Beijing Municipal Commission of Science and Technology, in conjunction with the Zhongguancun Science and Technology Park Management Committee and the Beijing Municipal Bureau of Economy and Information Technology, recently released a notice outlining a work plan aimed at promoting the innovative development of Beijing’s Internet 3.0 industry from 2023 to 2025. The document outlines various initiatives to propel the growth of the industry, which is expected to be a key contributor to Beijing’s economic development. The goal is to transform the capital into…

21:00-7:00 Keywords: TrueUSD, Ark Invest, SEC, Uniswap Overview of important developments overnight on March 16th Analysis based on this information:TrueUSD, a stablecoin backed by US dollars, has recently gained the attention of the Securities and Exchange Commission (SEC) and the popular investment management firm Ark Invest. In a recent filing with the SEC, Ark Invest disclosed that it holds TrueUSD as a potential investment option for its exchange traded funds (ETFs). This move by Ark Invest highlights the growing acceptance and use of stablecoins as investment options. However, this move has not been without its challenges. The SEC has been scrutinizing the use of stablecoins and their compliance with regulatory frameworks. The use of TrueUSD by Ark Invest raises a number of questions regarding the regulatory status of stablecoins. To add to the uncertainty, Uniswap, the decentralized exchange that allows users to trade cryptocurrencies without the need for a centralized exchange, has also come under the scrutiny of the SEC….

According to reports, at the annual meeting of the Futures Industry Association, Brian Quintenz, a former CFTC member and current policy director of a16z, said that in the past few weeks, regulatory agencies such as the United States Securities and Exchange Commission (SEC) have announced a series of law enforcement actions against cryptocurrency companies, which many insiders believe are hostile attacks on the cryptocurrency industry and American innovation. A16z Policy Director: The US SEC has “completely lost control” Analysis based on this information:The cryptocurrency industry is experiencing strong regulatory pressure lately, and many believe that it is an attack on American innovation. Brian Quintenz, the policy director of a16z and a former CFTC member, made comments on the matter at the annual meeting of the Futures Industry Association. He pointed out that regulatory agencies such as the SEC have announced a series of law enforcement actions against cryptocurrency companies in the past few weeks. These enforcement actions could lead to…

According to reports, Stephane Kasriel, head of business and financial technology at Meta, said that Meta was giving up its pursuit of NFT. Kasriel wrote in his Twitter post, “We are gradually reducing the number of digital collections (NFT) to focus on other ways to support creators, people and enterprises.” Meta previously said that NFT can help expand the creator economy. Meta is abandoning its pursuit of NFT Analysis based on this information:Meta, formerly known as Facebook, has announced that it will be abandoning its pursuit of Non-Fungible Tokens (NFTs) to focus on different ways of supporting creators and enterprises. The decision comes after the company had previously deemed NFTs as a solution to help expand the creator economy. The news has taken many by surprise, as NFTs had been generating significant hype in the recent past, especially among investors and collectors. Stephane Kasriel, Head of Business and Financial Technology at Meta, made the announcement on his Twitter account. He…

It is reported that the Hong Kong Monetary Authority (hereinafter referred to as the HKMA) will hold two high-level meetings in late March that mainly invite representatives of the central bank and regulators to attend, including the Basel Committee on Banking Supervision (BCBS) meeting held in Hong Kong from March 22 to 23, and a seminar held in Hong Kong with the Bank for International Settlements (BIS) on March 24. Yu Weiwen, the president of the HKMA, said that the seminar on “banking supervision in an era of innovation and keeping pace with the times” jointly organized by the HKMA and BIS was the first international conference on financial supervision after the resumption of Hong Kong’s normal operation. More than 100 leaders of central banks, regulators and financial institutions will be invited to attend the seminar to discuss forward-looking issues related to the banking industry, including how regulators and banks respond to the rapidly changing financial environment, the future development…

12:00-21:00 Key words: US FDIC, Silicon Valley Bank, PeopleDAO, Powell Overview of important developments in the evening of March 12 Analysis based on this information:The message mentioned the US Federal Deposit Insurance Corporation (FDIC) approving Silicon Valley Bank’s application to start a blockchain-based network. The network, called PeopleDAO, will be used to create autonomous organizations that use blockchain for governance and decision-making. The message suggests that the move represents a significant shift in how the traditional banking industry operates. Under the current banking system, banks act as central authorities for their operations, making decisions and creating policies that affect their customers. However, blockchain technology allows for decentralized networks where community members can vote on decisions and policies in a transparent manner. PeopleDAO aims to utilize this technology to create autonomous organizations that are self-guided by community members rather than by a central authority. One potential implication of this move is that it could signal a shift towards decentralization in the…

It is reported that the Federal Reserve Vice Chairman Barr said that the Federal Reserve has formed a team to study the innovation of cryptocurrency. Cryptograp