Today's Highlights:
1. Tesla speculated bitcoin with a floating loss of $100 million
2. KPMG Canada adds Bitcoin and Ethereum to its balance sheet
3. 4 departments such as the central bank: Steadily promote the development of legal digital currency standards
4. Tencent led the establishment of the first international standard for blockchain digital collections
5. Ethereum scaling agreement Polygon completes $450 million in financing, led by Sequoia India
6. Slow Fog: Superfluid was stolen over $13 million, involving multiple currencies
7. The etf of the bitcoin mining company Valkyrie, an asset management firm, has been approved for listing on the NASDAQ
8. Data: Stablecoin DAI supply exceeded $10 billion
Today's topic: Tesla "admits to planting" and speculates on Bitcoin with a floating loss of $100 million
Musk is an avid fan of virtual currencies, and Tesla is also investing in Bitcoin under its leadership. At the beginning of last year, Tesla announced the purchase of $1.5 billion in bitcoin as an investment project, triggering a hot pursuit of bitcoin in the investment market. But Tesla's latest annual report said it recorded an impairment loss of about $101 million due to changes in the book value of Bitcoin.
Musk was once known as a Bitcoin "manipulator," and every time his remarks about Bitcoin were released, the price of Bitcoin fluctuated wildly. Do you think Musk will speak out about "fighting fires" in the near future? Feel free to leave a comment in the comments section and say what you think about this phenomenon. We will select 3 netizens from the comments and reward 10 Q coins each.
Regulatory messages
The U.S. SEC solicited public comments on whether to approve bitcoin spot ETFs, among others
The U.S. Securities and Exchange Commission (SEC) recently approved several bitcoin spot ETF applications, seeking written comment from the public on whether this type of ETF and bitcoin itself is susceptible to manipulation and fraud. According to Bloomberg, the SEC issued a similar notice for grayscale applications to convert its grayscale bitcoin trust (GBTC) into a bitcoin spot ETF, and asset management company Bitwise applied to issue a new ETF. Since November, the SEC has rejected six similar applications, including those from VanEck, WisdomTree and SkyBridge Capital.
NFT
AMC, a large theater chain in the United States, launched a ticket-buying movie-to-give Batman NFT event
AMC, a major U.S. theater chain, announced that moviegoers who purchase or book tickets by February 14 and watch Batman by March 6 will receive a limited edition Batman NFT. The NFT series was co-developed by Batman rights holder Warner Bros. and AMC. It will be cast and delivered by Palm NFT Studio.
Tencent took the lead in establishing the first international standard for blockchain digital collections
According to the IT expert network, the international standard project of "Blockchain-based Digital Collection Service Technical Framework" was successfully approved. It is understood that the project is led by Tencent, jointly proposed by Ant Group, the Academy of Information and Communications Technology, Beijing University of Posts and Telecommunications, Zhijiang Laboratory and other industry-university-research institutions, and was approved at the plenary meeting of the 16th Research Group of the International Telecommunication Union (referred to as ITU-T SG16), which is also the first standard project for the application of blockchain technology in the field of digital collections in the world.
The international standard will standardize the technical architecture, technical process, functional requirements and security requirements of blockchain-based digital collection services, which will help promote the global recognition and consensus on the overall technical framework of digital collection services, improve the value storage, value discovery and value circulation capabilities of digital collections, and promote the standardized application of digital collections.
Former Universe
Gartner predicts that by 2026, 25% of the world's population will spend at least an hour a day on the metacosm
According to a report released by Gartner, a U.S. market research firm, by 2026, 25% of the world's population will use the metaverse for work, shopping, education, socializing and entertainment. And it will take at least an hour a day. The report adds: "By 2026, 30% of the world's companies are expected to offer products and services in the metacosm. Some brands have already left their mark on the digital world. Since no single vendor will own the metaverse, Gartner expects it to have a virtual economy backed by digital currencies and non-fungible tokens (NFTs).
Skechers Global CEO: The Metacostem Project is being planned
According to media reports, Skechers SKECHERS released its fourth quarter and annual financial results for 2021 on February 4. According to the report, Skechers' fourth-quarter sales reached a record high of $1.65 billion. For the full year of 2021, it achieved sales of $6.29 billion, up 36.7%, a record high, of which the International Wholesale Business saw the Chinese market grow by 35%. Robert Greenberg, Global CEO of Skechers, said: "Our metaversics plan is being planned and 2022 will be a new record year. ”
Project dynamics
KPMG Canada adds Bitcoin and Ethereum to its balance sheet
KPMG in Canada, the Canadian arm of KPMG International, one of the Big Four accounting firms, announced that it has completed the allocation of crypto assets to its corporate balance sheet, the company's first direct investment in crypto assets. The assets allocated include Bitcoin (BTC), Ethereum (ETH), and carbon offsetting to maintain net-zero carbon trading to deliver on the company's environmental, social and governance (ESG) commitments, which the company completed through gemini Trust Company's execution and custody services.
Tesla: Approximately $101 million in impairment losses due to changes in the book value of Bitcoin
Tesla announced that in the year ended December 31, 2021, it recorded an impairment loss of about $101 million due to changes in the book value of the company's bitcoins. As of December 31, 2021, the fair market value of Bitcoin held by Tesla was $1.99 billion.
Crypto exchange PayBito suffered a LockBit ransomware attack
The LockBit ransomware gang claimed to have stolen a large amount of customer data from cryptocurrency exchange PayBito. PayBito is a cryptocurrency exchange operated by HashCash, a global blockchain and IT services company. Currently, some of the stolen data is published on the gang's Leaked Tor website. In this cyberattack, the ransomware gang successfully stole a database containing personal data from more than 100,000 customers around the world. In addition to this, the gang also stole some of the email data and password hashes, some of which can be easily decrypted. Worse, the gang also managed to steal the administrator's personal data, claiming that if the ransom was not received, the stolen data would be released on February 21, 2022.
The Lockbit Ransomware Gang has been extremely active since September 2019 and has shined since the release of LockBit 2.0 in June 2021 and the recruitment of new partners. LockBit itself is malware that automatically scans for valuable targets, spreads infections, and encrypts all accessible computer systems on the network. Like other ransomware gangs, LockBit prevents victims from accessing their computer systems in exchange for ransom payments. In addition to this cyberattack, the organization has launched a large number of cyberattacks in the past, some of which include Bangkok Airways and the French Ministry of Justice. It is worth mentioning that the FBI recently issued a warning on technical details related to the operation of the LockBit ransomware.
Slow Fog: Superfluid was stolen over $13 million, involving multiple currencies
According to official sources, the QI Vesting contract on Superfluid has been exploited. According to Slow Fog MistTrack, the attacker address (0x157... 090) Made over $13 million in profits, including QI, WETH, USDC, SDT, MOCA, STACK, sdam3CRV, MATIC coins. According to the analysis, the attacker converted some QI, USDC, SDT, MOCA, stack to ETH through 1inch, and 39,357.25 sdam3CRV to 43,910.09 amDAI. The current attacker address (0x157... 090 ) Balance 11,016.60 MATIC, 507,930.87 MOCA, 2,707.91 ETH, 43,910.39 DAI. Slow Fog reminds exchanges and wallets to pay attention to strengthening address monitoring to avoid related malicious funds flowing into the platform.
V God has donated 10 ETH to AssadgeDAO
Ethereum founder Vitalik Buterin announced on Twitter that he had donated 10 pieces of ETH to AssadioneDAO, worth $30,984.50. AssangeDAO is committed to restoring the freedom of WikiLeaks founder Julian Assange. AssangeDAO has previously reportedly raised more than 12,000 ETHs through the JuiceBox platform.
Twitter founder Jack Dorsey joins the board of decentralized social media "Bluesky"
According to Reuters, Twitter co-founder Jack Dorsey has joined the board of directors of the decentralized social media project Bluesky. The board also includes developer Jeremie Miller, who invented the technology that instant messaging services use to operate. Bluesky aims to establish a "standard of decentralization" for social media, and Jack Dorsey previously described the Bluesky project, saying the efforts would take years to complete.
The team behind Aave launches Polygon-based social media platform "Lens"
The team behind Aave announced Monday the launch of Polygon-based Web 3 social media platform Lens, a permissionless, composable, decentralized social media protocol that allows anyone to create unmanaged social media profiles and build new social media apps. Interoperability and composability are key features of the platform.
The Lens protocol is now live on the Polygon Mumbai testnet. The team said the Lens Protocol has basic social media features such as profiles, comments, retweeted posts, etc., but unlike social media in the past, the Lens Protocol is powered by NFTs, so users own and control all of an individual's content. Lens Protocol is completely open source and used by the community, allowing users to build social applications, analytics platforms, validation systems, DAO tools, and more.
Mitsubishi UFJ Trust Bank will issue a digital currency in 2023
According to the Nikkei Shimbun, Mitsubishi UFJ Trust Bank will issue a digital currency for instant settlement of digital securities as soon as spring 2023.
The Reserve Bank of New Zealand launches the design of the central bank's digital currency
RBNZ President Orr posted a statement on the RBNZ website commenting on the future development of the monetary and cash system. He said that he is initiating the design of the central bank's digital currency proof of concept. This work will take into account public comments received during the consultation. He said it had not yet been decided which form of central bank digital currency would be suitable for New Zealand. It is important to decide how best to use digital technologies to modernize central bank currencies, while ensuring that cash is an option for those in need. He said central bank digital currencies need to protect privacy and are difficult to use for illegal purposes. The emphasis on privacy reflects the fact that central bank digital currencies will be designed to be community-driven, rather than specific commercial interests.
4 departments, including the central bank: Steadily promote the development of legal digital currency standards
Chinese Minmin Bank, the State Administration for Market Regulation, the Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission issued the 14th Five-Year Development Plan for Financial Standardization. It is mentioned that the development of legal digital currency standards should be steadily promoted. Comprehensively consider the security and trusted infrastructure, issuance system and storage system, registration center, payment transaction communication module, terminal application, etc., and explore the establishment and improvement of legal digital currency infrastructure standards. Research and formulate legal digital currency information security standards to ensure the storability, non-forgeability, non-repeatability and non-repudiation of the circulation process. Research and formulate standards for the business and application of fiat digital currency, and establish a standardized process for all aspects of issuance, circulation and return. Research and formulate legal digital currency technical standards to help improve the security and advanced nature of legal digital currency technology. Research and formulate the basic data element standards for legal digital currency to improve data standardization. Research and formulate technical standards for legal digital currency terminals, and promote the improvement of the terminal acceptance environment. Research and formulate legal digital currency evaluation and testing standards, and standardize the testing indicators of relevant systems and products.
Financing messages
Ethereum scaling deal Polygon completed $450 million in financing, led by Sequoia India
Ethereum scaling agreement Polygon recently completed a $450 million funding round led by Sequoia India, with SoftBank, Tiger Global, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Alan Howard, Alexis Ohanian, Steadview Capital, Elevation Capital, Animoca Brands, Spartan Fund, Dragonfly Capital, Variant Fund and Kevin O'leary are among others to aggressively expand their portfolio of Ethereum scaling solutions and focus on attracting a larger developer ecosystem. Polygon officially revealed that it has spent nearly $1 billion on acquisitions in recent quarters to expand its product range.
Crypto startup Aliao Systems Inc completed a $200 million Series B round of financing, with A16z and others participating
Crypto startup Aleo Systems Inc completed a $200 million Series B round, led by SoftBank and Kora Management, and with Andreessen Horowitz (a16z), Tiger Global, Samsung Ventures and others, according to CoinDesk. Aleo uses a new computing system called Zexe (Zero-Knowledge Execution) that helps with off-chain computation by default through on-chain validation for scalability and privacy. Aleo is currently in beta, and its mainnet is scheduled to go live in the third quarter of this year.
Mining news
Asset management firm Valkyrie's Bitcoin Mining ETF has been approved for listing on the NASDAQ
According to relevant documents released by NASDAQ, the Bitcoin Miners ETF previously submitted by valkyrie, a U.S. crypto asset management company, has been approved to be listed on nasdaq under the code WGMI, which will track the performance of listed bitcoin mining companies. The fund's current top five holdings are: Argo Blockchain (ARBK), Bitfarms (BITF), Cleanspark (CLSK), Hive Blockchain (HIVE) and Stronghold Digital Mining (SDIG). According to a spokesperson for Valkyrie, the fund has an expense ratio of 0.75 percent and is expected to begin trading on Tuesday.
The Kazakh authorities are considering increasing the electricity tax on crypto mining companies by a factor of 4
According to local news outlet Kazinform, Kazinform, Kazakh authorities are considering raising the electricity tax for cryptocurrency miners from 1 tenge to 5 tenge ($0.0023 to $0.012), a fourfold increase. Marat Sultangaziev, Kazakhstan's first deputy finance minister, also suggested requiring crypto miners to pay monthly taxes on equipment, regardless of whether they receive a block incentive. In addition, Kazakhstan's digital development minister Bagdat Musin posted on his personal Facebook attack on unregistered "grey" mining companies that consumed 1 GW of electricity in the country.
Important data
Data: Stablecoin DAI supply exceeds $10 billion
According to Makerburn data, the supply of algorithmic stablecoin DAI has exceeded $10 billion and is currently around $10.014 billion. Ranked fifth in the stablecoin market. The top four are currently USDT ($78 billion), USDC ($51.5 billion), BUSD ($16.8 billion) and UST ($11.2 billion).