Hot news weekly from Gate.io
We have summarized the weekly hot spot report of blockchain
industry for you, including four directions: Hot words ,Policy Quotes,Top
Discussion Coins of theWeek,Follow new listing coin/token
,which can be used as the subject source of your videos
orarticles. Please read it.
Hot words
Terraform Labs
Do Kwon disbands Terraform Labs before LUNA and UST collapse
Official documents leaked online show that Terraform Labs in Seoul and
Busan, South Korea, disbanded on April 30, days before the collapse of
Terra cryptocurrencies LUNA and TerraUSD stablecoin (UST). Terraform
Labs Korea decided to dissolve its Seoul and Busan divisions at its April
30 shareholder meeting, according to documents obtained by Digital
Today from the South Korean Supreme Court registry. The Busan branch
was liquidated on May 4 and the Seoul branch was liquidated on May 5,
with the name of the liquidator of official records designated Kwon
Do-Hyeong, the real name of Terraform Labs CEO Do Kwon.
EngageFi™ NFTPRESS RELEASE.
Miami, FL – VAST, the multimedia NFT marketplace
that dropped the first-ever NFT sitcom featuring Snoop Dogg and The
Harlem Globetrotters, has announced the completion of their strategic
private investment round with leading blockchain venture capital firms:
GHAF Capital, NGC Ventures, Skyman Ventures, Infinity Ventures Crypto,
and Spartan Protocol.
The VAST backers are made up of leading visionaries in the blockchain
space whose portfolios form much of the backbone of blockchain
infrastructure and innovation. Initial seed investors include: Huobi
Ventures, Polygon Studios, HyperEdge Capital, GHAF Capital, SL2 Capital,
PrimeBlock Ventures, GBV Capital, NGC, Spartan, IVC, Skyman Ventures,
LD Capital and Quantstamp. “We are incredibly grateful to our investors
for supporting the future of VAST, ” says Michael Jurkovac, VAST
co-founder and CEO. “ With their help, we are providing amazing
opportunities and experiences for creators and the millison of fans who
support them.”
Bitcoin Mining Difficulty Drops
Bitcoin Mining Difficulty Drops 4.33%, Biggest Reduction in 10 Months
It’s now 4.33% easier to mine bitcoin over the next two weeks as the
difficulty adjustment algorithm (DAA) dropped from 31.25 trillion to
today’s 29.85 trillion. It’s the largest DAA drop since July 17, 2021,when the difficulty dropped 4.81% at block height 691,488.
Bitcoin Mining Difficulty Dips 4.33% — The Largest Drop Since July 2021
Mining bitcoin is a lot less difficult than it was before May 25, 2022, as
Bitcoin’ s difficulty adjustment algorithm (DAA) saw a 4.33% reduction in
difficulty.
Prior to the drop, Bitcoin’s difficulty was approximately 31.25 trillion
and today, it’s approximately 29.85 trillion after the largest drop since
July 2021. The DAA change occurred at block height 737,856 on
Wednesday.
Wework
The co-founder of the company Wework, Adam Neumann, is behind a
new crypto project called Flowcarbon and on Tuesday, the blockchain
project revealed it raised $70 million from a handful of investors and was
led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana
Gibber says the project’s efforts provide a “brilliant financial mechanism
that creates a counterbalancing incentive to reforest, revitalize and
protect nature.”
Adam Neumann Backed Crypto Project Flowcarbon Raises $70 MillionA project backed by Adam Neumann, the co-founder and former
Wework executive raised $70 million from strategic investors, according
to an announcement published on Tuesday. Neumann is a controversial
character for his role in the company in 2019 when it was discovered the
firm could not turn a profit. In September 2019, Wework filed an S-1
filing for an initial public offering (IPO) stock launch and Neumann
resigned from his CEO position. Flowcarbon is a project Neumann
co-founded with his spouse Rebekah, Dana Gibber, Ilan Stern, and
Carolina Klatt.
Wework
The co-founder of the company Wework, Adam Neumann, is behind a
new crypto project called Flowcarbon and on Tuesday, the blockchain
project revealed it raised $70 million from a handful of investors and was
led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana
Gibber says the project’s efforts provide a “brilliant financial mechanism
that creates a counterbalancing incentive to reforest, revitalize and
protect nature.”
Adam Neumann Backed Crypto Project Flowcarbon Raises $70 MillionA project backed by Adam Neumann, the co-founder and former
Wework executive raised $70 million from strategic investors, according
to an announcement published on Tuesday. Neumann is a controversial
character for his role in the company in 2019 when it was discovered the
firm could not turn a profit. In September 2019, Wework filed an S-1
filing for an initial public offering (IPO) stock launch and Neumann
resigned from his CEO position. Flowcarbon is a project Neumann
co-founded with his spouse Rebekah, Dana Gibber, Ilan Stern, and
Carolina Klatt.
Microsoft x AstridDAO
Exciting news from the Astar ecosystem. The project AstridDAO being
built on Astar has officially announced a partnership with Microsoft. This
partnership has huge implications for the ecosystem as a whole.
Microsoft, a powerhouse of innovation bringing their resources and
technology to AstridDAO. Endorsing and coaching the project shows that
the tech giants are paying attention to Astar and the projects being built
on the network.
AstridDAO is a decentralized money market with a fully backed
stablecoin, $BAI, which is hard-pegged to the US Dollar .Microsoft welcomes AstridDAO to the Microsoft for Startups program.This partnership accelerates business development and growth removing
the traditional barriers involved in building a company
Policy Quotes
Fed vice chair: We should play a key role in setting global standards for
cryptocurrencies
Fed Vice Chairman Brainard said we should play a key role in setting
global standards, with recent volatility in stablecoin markets showing the
need for regulation. He also said that the Fed has not yet made a
decision on issuing a central bank digital currency (CBDC) and should
assess the possible impact on the U.S. dollar in the absence of a U.S. dollar CBDC. A digital financial system needs clear regulatory guardrails,
a USD CBDC is a way to ensure the continued use of the USD globally,
new digital currencies such as stablecoins can lead to counterparty risks,
and private funds can create consumer protection and financial stability
risks. (Golden Ten)
a16z: The market value of carbon credits may grow to $50 billion by
2030, and on-chain carbon credits will help facilitate this reality
According to official sources, a16z published an article explaining the reasons for investing in the blockchain carbon credit trading platform
Flowcarbon. The article points out that by 2030, the carbon credit
market may grow to $50 billion, and on-chain carbon credits help
achieve this reality. On-chain carbon credits are an innovative primitive
that can be integrated into existing DeFi ecosystems as a composable
financial tool, and are creatively used by Web3 builders to come up with
entirely new ways to incentivize climate-positive behavior . Flowcarbon’s
GNT tokens are fully backed by the real-time value of off-chain credits
and can be used as collateral, protocol treasury assets, stablecoin
reserves, or to offset on-chain carbon credits. These use cases can drive
potential sources of demand, further incentivizing new supply channels,
primarily nature-based solutions and clean energy projects. a16z
believes that on-chain carbon credits will become a key part of the financial architecture, driving a zero-carbon future. Yesterday's news,
Flowcarbon completed a $70 million financing, a16z led the investment,
General Catalyst and Samsung Next participated in the investment.
(a16z)
Russian financial market official: Russia's first digital financial asset is
expected to appear this year
The authorized Russian blockchain platform may issue its first digital
financial asset (DFA) by the end of 2022, according to Anatoly Aksakov,
chairman of the Russian State Duma Committee on Financial Markets.Aksakov noted that Russia is now actively working in this area after
passing a law “on digital financial assets” that will go into effect in
January 2021. DFA is the legal term for including cryptocurrencies in
current Russian legislation. In addition, Aksakov revealed that three
platforms developed by Norilsk Nickel subsidiary Transmashholding and
Russia’s largest bank Sberbank have registered as DFA publishers. The
other two will be approved in the near future. Aksakov emphasized that
the Russian government supports the legalization of the digital asset
market through strict regulation and has created a new bill for this
purpose. He was referring to the law“on digital currencies”drafted by
the Ministry of Finance, which has not yet been submitted to the State
Duma. (News Bitcoin)
Vitalik:Would like to see Ethereum become a system more like Bitcoin
Ethereum founder Vitalik Buterin tweeted that there are still some open
contradictions in my thinking and values that I have been thinking
about but still feel like I haven’t fully resolved them. I would like to see
Ethereum become a more Bitcoin-like system with an emphasis on
long-term stability, including cultural stability, and I realize there is a
conflict between the fact that it takes quite a bit of actively coordinated
short-term change to get there . I tend to be less reliant on individuals
and try to build fixed systems that will stand the test of time. I would liketo see Ethereum become an L1 that can survive in really extreme
situations, but I realize that many critical applications on Ethereum
already depend on things that are more fragile than anything we think is
acceptable in the Ethereum protocol design There are many security
assumptions, and there is a contradiction between the two. I don't like a
lot of modern financial blockchain "applications" (high price NFTs, etc),
but what I grudgingly appreciate is that these things are an important
part of keeping the cryptocurrency economy going and provide all the
cool DAOs/governance I love Pay for experiments.
Morgan Stanley: UST crash will lead to reassessment of other
cryptocurrencies, NFT prices
In a report published last week, Morgan Stanley said the sharp declines
in bitcoin, ethereum and other tokens were unrelated to the stock
market drop, according to Fortune. Instead, the higher price is due to
"investor speculation and limited actual user demand." With the collapse
of Terra's stablecoin UST, the market will also see a broader
reassessment of the prices of other digital assets including
cryptocurrencies, NFTs, digital real estate, and more, and investors
should remain vigilant as it may be the next drop of.German regulator calls for new DeFi regulations
Germany's financial watchdog says DeFi needs to comply with new
regulations, citing the risk of hacking and fraud. Birgit Rodolphe,
anti-money laundering officer at BaFin, Germany’s financial regulator,
said that “if DeFi is going to become a real competitor in traditional
financial markets, it will not work without specific new regulations.”
"Ideally, these regulations would of course be consistent across the EU to
prevent market fragmentation and enhance Europe's collective
innovation potential," she added. (CoinDesk)
