Month: March 2021

VIVE Corporation. PTE, LTC. (“VIVE”), having confirmed the existence of problems between the services related to its ONELLET virtual currency wallet service, has been forced to suspend ONELLET services for a maximum of 4 months or more depending on the ingratiation while VIVE recheck and confirm the users KYC identity and enhances compliance process with struck regulation. In addition, due to operational problems, VIVE has also confirmed that some of our users from other countries are either members of organized unethical behaviors involved with suspicious crime groups, or parties that are affiliated with such, and we have also received many reports of unreasonable demands made through our services. We have further enhanced the law and regulation to prevent personal and company reput...

How do we carry out the rules for storing, accessing and utilizing data in today’s life? Many people need to spend a lot of time accessing data every day, and the data we access is mainly stored on a central server. This centralized model rules the world of data storage today. With the spread of decentralized innovation, some interesting alternatives have emerged. In the HTTP protocol, in order to avoid the continuous erosion of data and improve transmission efficiency, people began to build more complete large-scale central servers (Baidu Cloud, Alibaba Cloud, Amazon Cloud, etc.), and store the data in them. This solution will be in a short period of time. It seems to be very effective, but the highly centralized management has created a series of new problems. IPFS, a hyperm...

Last month, Coinbase’s direct listing was officially approved and its shares will soon be listed on Nasdaq. As the world’s No. 1 cryptocurrency trading platform, all eyes are on Coinbase’s landmark U.S. stock market listing. After six rounds of financing, Coinbase’s current valuation has exceeded $77 billion. Through its direct listing, Coinbase is expected to drive positive developments in cryptocurrency legalization and compliance, ushering forth a new level of adoption for blockchain technology. The cryptocurrency market, which was is already considered to be in a bull market, has rallied forth a new wave of market optimism in the wake of Coinbase’s direct listing. This synergy between traditional financial markets and the cryptocurrency universe will revolutionize the blockch...

For a long time, Australia has been regarded as a loyal ally of the United States, but when Biden just took office and the economy was in urgent need of recovery, the Australian government suddenly turned its coat and took a 180-degree “sharp turn” in attitude to take the lead in increasing taxes and fees for leading technology companies of US. In this way, Australia wants to protect its domestic technology companies and increase its tax revenue, but it does not take into account the interests of American companies and the prestige of the American government. Since 2019, in order to crack down on American technology companies and protect the interests of the domestic media, the Australian government has begun investigating whether American companies Google and Facebook have disrupted th...

A so-called term “Defi” took everyone in the blockchain business away last year, not only making decentralized exchanges overtaking the trading throne from the old cryptoexchanges, and had a great impact on Ethereum, but also made ordinary people aware of that there’s other things than Bitcoin in the blockchain industry. DeFi means “Decentralized Finance”, it appeared first at the end of 2017, Fusion proposed the concept of “Crypto Finance” in its official whitepaper, and began to focus on building digital financial technical facilities. Over the years, more and more crypto-projects have focused on this field and gradually evolved the concept of “Defi”. The so-called “Defi”, in short, is to make full use of blockchain technology (including smart contracts, decentralized asset custody, e...

Today, Defi locked in over $40 billion of assets, a nibble of share, compared to the market cap of crypto assets $1.2 or so trillion. In traditional finance, the traditional derivatives market is worth hundreds of trillions of dollars, and the crypto market as a whole is less than 0.1% of its asset size, even the combined wealth of the people at the top of the pyramid is five or more times larger than total assets of the entire crypto market. Yet this is an opportunity for DeFi to grow. According to statistics, the total number of DeFi users has outpaced 1 million. Among them, the figure for Uniswap users soared to 586,000, taking the crown on the list with 58.6%, followed by Compound with 254,000, Kyber 110,000, 1inch 43,000 and OpenSea 33,000, respectively. (Total DeFi users...