XCMG cooperates with BAYC to launch 5 NFTs, and BAYC#3489becomes its Metaverse Ambassador
Bi123 news, Chinese construction machinery manufacturer XCMG Group (XCMG) tweeted that it has officially entered the Web3 field, and BAYC#3489is its metaverse ambassador. In addition, according to XCMG Group’s YouTube video, XCMG Group has cooperated with BAYC to launch 5 NFTs to embrace the digital wave. In the future, XCMG will explore and develop an open economy on blockchains such as Conflux.
Glassnode: Bitcoin trades below 200-week moving average for first time in history
Bi123 News According to data disclosed by blockchain analysis company Glassnode, the recent Bitcoin price has hovered between several popular and widely observed technical analysis pricing models, hitting the 200-week and 365-day moving averages (about 25.0k) in February ), the price touched the 200-day and 111-day moving averages (about 19,800) this week and then rebounded. This was the first period in history that BTC traded below the 200-week moving average. Looking at the market from this perspective Are in new territory.
Bi123 News Bankrupt lender Genesis has given creditors a May 22 deadline to tell them how much the company owes them and a June 27 deadline for an auction, according to bankruptcy court documents filed Thursday. Bidders considering buying Genesis have until May 5 to show interest.
Data: On the Arbitrum snapshot day, a total of 2.3 million addresses had cross-chain records, and only 28% were eligible for air investment.
Bi123 News On March 17, according to Nansen data, as of the Arbitrum airdrop snapshot on February 6, there were about 2.3 million addresses with Arbitrum One cross-chain records. In the end, 625,143 addresses obtained airdrop qualifications, accounting for about 28%. In addition, the number of addresses that received the highest airdrop quota (8500-10,250) was 6471, accounting for 1.03% of the number of eligible airdrop addresses. The number of addresses that received the minimum airdrop amount (625-1250) was 324,863, accounting for 51.96% of the number of eligible airdrop addresses.
The People's Bank of China has decided to lower the deposit reserve ratio of financial institutions on March 27, 2023.
Bi123 News The People's Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on March 27, 2023 (excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions will be approximately 7.6%.
An American couple was convicted of stealing $250,000 in crypto assets by swapping SIM cards
Bi123 News According to San Antonio, Texas court records, Andrew Percy Trujillo, 22, and Zena Elise Doanson, 34, stole $250,000 from an encrypted document. Investigation revealed that the man worked at an AT&T mobile phone dealer and hacked into other people's phones by exchanging SIM cards, accessed other people's encrypted accounts, and transferred assets to his own wallet. Trujillo was sentenced to 33 months in prison, suspended for three years, and ordered to pay $288,000 in restitution. His accomplice was sentenced to two months in prison, five years of probation, and a similar fine.
Ethereum core developers confirm Shanghai upgrade on Ethereum mainnet on April 12
Bi123 news, Ethereum core developers confirmed in a conference call that the Shanghai upgrade will be carried out on the Ethereum mainnet on April 12. The upgrade will enable the withdrawal of pledged ETH. The date will be fixed pending confirmation by the developers on GitHub. No more changes.
The remaining unmined amount of BTC is less than 1.7 million
Bi123 News According to Btc.com data, the current circulating supply of BTC is 19,319,031.25, and the remaining unmined amount is 1,680,968.75, which is less than 1.7 million. In addition, BTC is expected to undergo a halving on April 8, 2024, with the Bitcoin block reward reduced to 3.125 Bitcoins. The entire halving process will continue until 2140, when all 21 million Bitcoins are expected to be mined.
Circle CEO: Will protect himself by reducing bank balances
Bi123 News A few days after the U.S. federal government stepped in to protect depositors of the now-defunct Silicon Valley Bank, Circle CEO Jeremy Allaire said in an interview with CNBC that although USDC has returned to anchoring, the risks to the banking system have not completely disappeared. He explained: "The risks of broader impacts to the U.S. financial system appear to be systemic, and I don't think those risks have completely dissipated at this time. Circle will protect itself by reducing deposits in the bank, and from a Circle perspective the main precaution is to keep We ensure that we have as little exposure as possible to the risks inherent in a fractional-reserve banking system."
Data: Curve protocol fees reached $2.14 million last week, a new high since November last year
Bi123 News On March 16, according to Defillama data, the Curve agreement fee reached US$2.14 million last week, and the agreement achieved revenue of US$1.07 million, a new high since November last year (agreement fee reached US$2.94 million).
Shibarium responds to "code plagiarism Rinia", saying it will redeploy the BETA network using a new chain ID
Kaaldhairya, an anonymous developer of the Shibarium team, a Layer 2 solution launched by Shiba Inu, responded that "Shibarium chain uses the same chain ID as Rinia Testnet chain", saying "Few chain IDs are randomly selected - 417 (Alpha), 517 (Staging) , 917 (pre-pod/beta), these chains were not registered anywhere at the time and were not rechecked when the puppynet network started. The new version of the BETA network will be redeployed with the new chain ID."
Crypto KOL: Shibarium is suspected of plagiarizing Rinia, and the team has unlocked BONE worth $5 million
Bi123 News On March 16, encryption KOL Rancune stated on his social platform that Shibarium, the Ethereum-based Layer 2 network launched by Shiba Inu, was suspected of plagiarizing Rinia, and the team did not change the chain ID. In addition, Rancune discovered through the blockchain explorer that the project team has unlocked $5 million worth of Shibarium Token BONE.
JP Morgan: Fed’s emergency lending program will provide $2 trillion in liquidity
Bi123 News On March 16, Bloomberg reported that JPMorgan Chase believes that the Federal Reserve’s emergency lending program may inject as much as $2 trillion into the U.S. banking system and alleviate the liquidity crisis. "Utilization of the Fed's bank term funding program could be substantial," JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note. While the largest banks are unlikely to take advantage of the program, they said The plan envisions a maximum use of nearly $2 trillion, which is the face amount of bonds held by the U.S. banking industry except for the five largest banks.
Unstoppable Domains launches “.polygon” domain name on Polygon
Bi123 News, on March 14, NFT domain name service provider Unstoppable Domains reached a cooperation with Polygon Labs to launch the ".polygon" domain name service on the Polygon network. The “.polygon” domain name has been integrated into 750 applications, games, and Metaverse projects.
Yuanverse payment platform Tilia completed strategic financing, with participation from J.P. Morgan Payments and others
On March 14, the Yuanverse payment platform Tilia completed strategic financing, with J.P. Morgan Payments, South Korean cryptocurrency trading platform Upbit operator Dunamu and others participating in the investment. Tilia’s total funding since its 2022 spin-off from founder Linden Lab brings its total funding to $22 million. Tilia is working with J.P Morgan Payments to enhance the capabilities of its entire processing platform, including offering more payments and disbursement methods, expanded payment currencies and support services.
UK bank NatWest limits daily crypto payments to $1,200
Bi123 News, on March 14, the British NatWest Bank restricted its customers’ payments to cryptocurrency exchanges. NatWest announced via email on Tuesday that customers can only pay up to £1,000 (approximately $1,218) per day and up to £5,000 (approximately $6,090) within 30 days. "NatWest is stepping up customer protection against cryptocurrency criminals after consumers lost £329 million last year," the bank said.
India's Enforcement Directorate is investigating several cryptocurrency money laundering cases and has confiscated $115 million
Bi123 News On March 14, India’s Enforcement Directorate was investigating several cryptocurrency money laundering cases and had confiscated US$115 million. Law enforcement agencies also arrested five individuals for crimes incited by cryptocurrencies, the department said.
People familiar with the matter: Blackstone Group and Apollo consider acquiring Silicon Valley Bank assets
Bi123 News On March 14, according to people familiar with the matter, alternative asset management companies Blackstone Group and Apollo (APO) are considering acquiring the assets of Silicon Valley Bank (SVB).