Circle: Stablecoins will become a mainstream payment tool! What's the key to rapid implementation?
Stablecoins become the money of the Internet age
As the status of stablecoins in the global financial market increases, Circle confidently states that stablecoins will become the mainstream payment method in the Internet era. As the issuer of $USDC, the world’s second largest stablecoin, Circle’s chief strategy officer Dante Disparte said in an interview with Cointelegraph:
Disparte further pointed out that more and more payment companies and financial services companies are entering this industry, which shows that stablecoins will continue to exist and develop in the future. However, Disparte also emphasized that regulatory frameworks around the world must agree to ensure that all stablecoin issuers meet financial crime compliance requirements and maintain appropriate reserves. “It is critical to ensure that companies issuing stablecoins adhere to conservative reserve principles and compliance standards,” he noted.
He Yifa responded to the currency listing rumors in a long article: If we have different opinions, then maybe you are right.
Recently, after Binance listed multiple Meme coins, it was reported that a chat screenshot of a KOL accurately predicting all specific currencies before listing, once again aroused heated discussion in the community about "Binance's rat warehouse". The U.S. SEC has also filed a proposed revised complaint against Binance, focusing on Binance’s token listing process and alleging Binance’s conduct as an unregistered securities provider.
In response to this, Binance co-founder He Yi issued an article explaining his personal views and unique views on the two major themes of "not so easy to make money" and "compliance" in the encryption field during this cycle, as well as the specific process of Binance's currency listing. . The following is the original text:
Can stablecoins also enter the SWIFT system in the future? Understand SWIFT’s layout in the blockchain field in one article
What did SWIFT do?
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global financial communications network that provides banks and financial institutions with standardized and secure communications networks.
As the hub for global cross-border payments and financial information transfer, SWIFT connects more than 11,000 institutions in more than 200 countries to ensure the efficient operation of international transactions.
It not only reduces the complexity and risk of cross-border transactions through a unified message format, but also promotes the interoperability of digital assets and emerging currencies, providing strong support for innovation in global financial markets.
Ford and Toyota embrace blockchain! What changes can it bring to the automotive industry?
Self-driving technology challenges are difficult to solve, Ford and Toyota turn to blockchain
Although self-driving car technology is still a hot topic in the automotive industry, many companies have found that the technology implementation has been slow, leading many manufacturers to begin to seek new technological paths. Recently, two major automobile giants, Ford and Toyota, have increased their investment in blockchain technology and are trying to use this innovative technology to solve some key problems in the automobile industry.
According to data from GlobalData Patent Analytics and Just Auto, in the second quarter of 2024 alone, the two companies applied for a total of at least 43 blockchain-related patents, which is in stark contrast to the trend of stagnant development of autonomous driving technology. contrast.
Four stablecoin issuers froze the assets of North Korean hackers. Why was Circle named and targeted by “on-chain detectives”?
what happen?
Following an investigation by on-chain detective ZachXBT, four stablecoin issuers Paxos, Tether, Techteryx, and Circle teamed up to freeze two wallet addresses related to the North Korean hacker group Lazarus Group, totaling nearly $5 million in frozen funds.
Meanwhile, ZachXBT criticized USDC issuer Circle, accusing it of taking 4.5 months longer than other issuers to freeze the funds.
North Korean hacker group steals more than $200 million in assets
Well-known on-chain detective ZachXBT recently pointed out that the Lazarus Group-related wallet addresses jointly frozen by four stablecoin issuers contained stablecoin assets totaling US$4.98 million. In addition, multiple exchanges also froze approximately US$1.65 million in funds, bringing the total frozen amount to US$6.98 million.
Will traditional institutions actively enter the market and asset returns will decline in anticipation of interest rate cuts? Understand the Binance RWA research report in one article
Interpreting Binance RWA Research Report
The RWA sector is a bit "making a fortune silently" in this atypical bull market.
When everyone's emotions are easily driven by Meme, if you take a closer look at the data, you will find that the income performance of the tokens in the RWA track so far this year is probably better than the tokens in most other tracks.
When U.S. debt becomes the largest RWA, the trend of the track being affected by macroeconomics will become more obvious.
Recently, Binance Research released a report titled “RWA: A Safe Haven for On-Chain Yields? 》A long report, which conducts a detailed analysis of the RWA track's structure, projects and revenue performance.
Bringing Bitcoin to Solana: How Zeus Network Reshapes the Future of Cryptocurrency with Layer 1.5?
Why is Zeus Network worthy of attention?
Bitcoin has a solid dominance in the cryptocurrency circle, but it cannot have smart contracts, NFTs, etc. like Ethereum, which limits its application scenarios; and the Solana blockchain has become a new generation with its advantages of high efficiency and low cost. A developer's paradise.
If these two independent ecosystems can be combined, they will become the key to solving the development dilemma of the encryption world.
Zeus Network, the cross-chain protocol between Bitcoin and Solana, has spotted this opportunity. With the "Layer 1.5" technical architecture, it has built a bridge between Bitcoin and Solana blockchains, making these two seemingly completely different blocks The chain ecology achieves deep interoperability.
Ke Wenzhe USB cold wallet vault? Understand what’s wrong with this sentence in one article
what happen?
According to a report by Public Television, Ko Wenzhe, chairman of the Taiwan People's Party and former Taipei mayor, was recently ordered to be detained by the Taipei District Court for violating the Corruption Crime Ordinance, including accepting bribes and seeking profits in violation of his duties, due to the Jinghua City case.
"Lianhe News Network" reported that when the prosecutor searched Ke Wenzhe's home, he found a flash drive containing a "mysterious account book", triggering speculation about whether the account record recorded that Ke Wenzhe accepted a 15 million yuan bribe from Shen Qingjing.
Wu Zijia, chairman of Formosa Electronic News, said on the "Critical Moment" program that Ke Wenzhe's flash drive is the key to hiding virtual currency bribes, and it is more likely to "wash" the wallet private key or APP.
The two major "click and earn" games Catizen and Hamster Kombat are about to be airdropped. Can the TON chain hold on?
what happen?
Telegram’s click-to-earn games, such as Hamster Kombat and Catizen, have attracted hundreds of millions of players to the TON blockchain so far.
These two super games are expected to airdrop tokens in the near future: Hamster Kombat will airdrop HMSTR tokens on September 26, and Catizen will issue CATI tokens on September 20, which is bound to attract a large number of users to participate.
Last month, the meme coin DOGS airdrop caused the TON network to be overwhelmed, and TON developers said that the subsequent large-scale airdrops of Hamster Kombat and Catizen may also bring burden to the TON network.
[Block Points Come to Join] Let musicians and creators make more money. How can blockchain help?
How blockchain can reshape the creator ecosystem
When the cultural and creative industry meets Web3, how can NFT and blockchain play? With the community as the core, blockchain can not only monetize creations, but also create more interactions with the audience, further find exclusive fans, and change the entire creator ecosystem.
The September 2024 "Let's Get Together" event will invite Angus Channce, head of marketing at Song Protocol, TK Chen, founder and CEO of FANSI, and Su Qiaochun, CEO of akaSwap, to give a talk titled "New Web3 Applications for Music and Art" , to discuss how blockchain can reshape the relationship between creators and fans.
Is STEPN still available to earn money while running? A complete guide to understanding running shoes in one article
Remember STEPN?
Speaking of the summer of 2022, many people still remember the popularity of StepN at that time. Buying a pair of running shoes and exercising every day to earn income has become a major fashion trend in the currency circle and even the technology circle.
Two years have passed and StepN has launched a new version 2.0 - STEPN GO, which is also the third game from game developer FSL after StepN and Gas Hero. Although this new version is still in the testing stage and the player base is still small, its improvements in revenue mechanism and design have attracted the attention of many new and old players.
Catizen chain game airdrop details announced! One article to understand which players are eligible to receive it?
"Catizen" will airdrop $CATI tokens, who can claim them?
According to a report by currency circle foreign media "Decrypt", the popular Telegram chain game "Catizen" will issue the $CATI native token on September 20, and the airdrop event is expected to be held at or around the same time.
Pluto Studio, the developer of "Catizen", announced the air investment price on Wednesday (11th). According to official data, there are currently approximately 35.8 million players (number of wallets), but less than half are eligible for air investment.
Officials stated that only players who have earned enough in-game tokens $vKitty in the game and entered the "Silver League" in the rankings are eligible to receive airdrops.
Instant, secure and low-cost transactions, what is the new favorite of blockchain "PayFi"?
What is PayFi?
PayFi, also known as "Payment Finance", is a concept proposed by Lily Liu, chairman of the Solana Foundation, which focuses on combining blockchain technology to promote instant settlement of transactions.
DeFi (decentralized finance), which more people are familiar with in the past, refers to the use of blockchain technology and smart contracts to provide financial services, with the focus on "decentralization."
PayFi, on the other hand, puts more emphasis on "instant transactions" and improves the efficiency of speculative transactions and various financial operations, such as invoice financing (Invoice Financing) and reverse factoring (Reverse Factoring). These scenarios usually require rapid capital flow. PayFi uses blockchain technology to achieve instant settlement without waiting for traditional clearing procedures, improving the efficiency of fund operation.
SBF’s ex-girlfriend will be sentenced at the end of the month! The maximum possible sentence in the FTX case is 110 years. Can Caroline escape prison?
What happened?
Former Alameda Research CEO Caroline Ellison will be sentenced on September 24.
According to the document submitted by Alison's legal team on September 10, the legal team is seeking a judge's decision to "release after serving the sentence" on the grounds of "turning a tainted witness" and "no risk of re-offending."
The Probation Office has recommended that she be sentenced to "Supervised Release" and 3 years of post-prison supervision.
The legal team pointed out that Alison's "extraordinary cooperation" with the government and "impeccable past record" in the FTX incident were the main reasons for requesting a lighter sentence.
Stablecoins account for 8% of the total crypto market value! Will the stablecoin market be okay in 2024?
The “stability” and “instability” of stablecoins in 2024
Stablecoins are a type of Token that anchors its value to other assets (such as commodities or legal currencies) to stabilize its price. By remaining pegged to a specific fiat currency, asset, or commodity, most stablecoins act as a bridge between real-world assets and cryptocurrencies, mapping these assets to the blockchain in the form of tokens.
Since 2014, companies like Tether and Circle have issued tokenized currencies backed by real-world financial assets such as bank deposits and short-term notes. These companies allow users to jump directly into the cryptocurrency space, converting real-world deposits into newly minted stablecoins. Conversely, they can also exchange stablecoins back for fiat currency.
Does an “exchange that never loses money” really exist? Looking at the trust system, transaction security and operating mechanism from FTX
Analyzing the past and future of exchanges from "Infinite Storm"
🔥XREX discount code is below🔥
Is there really an "exchange that never loses money" in the world? In Chapter 6 of the new book "Infinite Storm: Symphony of the Rise and Fall of the FTX Empire" describing the story of the exchange FTX, it is mentioned that at that time the founder of FTX, SBF, wanted to create a new type of futures exchange, that is, as long as a customer suffered a loss in a position, It will be liquidated every second, and other customers will not be forced to share losses. The ideal is to create an "exchange that never loses money."
However, Winston Siu, co-founder of XREX and chief revenue officer of the group, believes that an “exchange that never loses money” is impossible to exist in reality. Why?
Can Bitcoin rise to 13 million? The CEO of MicroStrategy issued an article expressing the belief of "Bitcoin supporters"!
Bitcoin rebounds this week
After experiencing last week's panic, Bitcoin ($BTC) has risen 4.19% since this week, reaching $57,100 at the time of writing. The key support above $50,000 has attracted many buyers to enter the market, and the market is hot. It seems to be warming up.
As Bitcoin gradually shows a recovery trend, Michael Saylor, the former CEO and co-founder of MicroStrategy who is famous for his support of Bitcoin, once again "called for orders" on the social platform X, not only shouting exaggerated price predictions , and also played a lot of The Matrix memes.
Idol boy band selection uses Sony blockchain technology! How to integrate Web3 with entertainment?
New boy band project combined with Web3 technology
Previously, "CryptoCity" reported that Yasushi Akimoto, an important promoter of AKB48 and Nogizaka46 and also a famous Japanese music producer, has once again joined hands with entertainment industry giants to launch a new boy group selection plan after launching the metaverse idol project "IDOL 3.0 Project" Draw "MEN'S YOAKE AUDITION 2024".
The audition is open to males aged 13 to 24 and will be open for registration from September 7 to October 31, 2024. It is worth noting that this project is not only another major music project for Yasushi Akimoto, but also introduces Web3 blockchain technology for the first time, using the "Soneium" blockchain developed by Sony, with the intention of completely changing the interaction between fans and idols. Way.
360 billion yuan is invested in the US congressional election. Why choose Congress instead of the presidential election?
What happened?
Fairshake, a political action committee (PAC) established by the cryptocurrency industry, plans to invest $11.9 billion in Senate and House of Representatives elections to support cryptocurrency candidates.
The composition of Congress directly affects the future of cryptocurrency and blockchain technology, so congressional elections are crucial to the industry.
If Donald Trump wins the election, it may promote a rebound in the Bitcoin market; if Kamala Harris wins the election, the cryptocurrency industry may face a long-term downturn.
The first debate of the US presidential election took place on September 11, Taiwan time, but neither party mentioned cryptocurrency.