Polkadot Founder: Parachain Auctions To Begin On Kusama Prior To Polkadot A Polkadot community member asked a question, "Is there a set date for the parachain auctions to begin? Or have they already started?" On Sept. 23, Polkadot founder Gavin Wood said in response, "Parachain auctions will begin on Kusama prior to Polkadot. It makes little sense for them to begin until we are ready to actually host parachains on Kusama/Polkadot."He continues, "There are a number of blockers: 1. the parachains code should be upgraded from the v0 in Rococo to the v1, which needs a few weeks out; 2. cumulus should also be upgraded to work with parachains v1, xcmplite and be stabilized; 3. parachains final security should be fully implemented and audited; 4. the auction pallet should be audited."Tracy Chen
Democratic Party Member Of South Korea Initiates Blockchain Revitalization Proposal According to ZDNet Korea, a member of the Democratic Party of Korea initiated a proposal on revitalizing and developing the blockchain to promote the development of the blockchain industry, thereby accelerating technological innovation and economic development.The proposal mainly includes the definition of blockchain, plans to accelerate the research and development of blockchain technology and the revitalization of the blockchain industry, blockchain talent training, and designated R&D special zones.Tracy Chen
Multiple Ministries Of China: To Promote Integrated Innovation And Application Of Blockchain Four ministries of China, including the National Development and Reform Commission, jointly issued Instructions on How to Expand Strategic Investment in Emerging Industries and to Generate New Growth Points and Growth Poles. The instructions stipulate:1) To enhance the quality and efficiency of a new generation of information technologies. Enterprises shall promote the integrated innovation and application of technologies such as industrial internet, artificial intelligence (AI), internet of things, internet of vehicles, big data, cloud computing and blockchain;2) To expedite the pilot trial of energy saving and environmental protection industries. The project’s goal is to establish new eco-environmental governance mechanisms in megacities, based on AI and blockchain;3) To focus on the creation of application scenario of industrial clusters. Demonstration projects are expected to be built in applicable clusters to take the lead, covering areas like 5G, AI, internet of vehicles, big data, blockchain and industrial internet.Tracy Chen
MIIT: To Strengthen Deployment And Application Of IP Related To Language Processing Technology, Including Blockchain Citing documents released by the Ministry of Industry and Information Technology (MIIT) of China, in response to advice No. 9430, put forward at the Third Session of the 13th National People’s Congress, the MIIT advocated the public service sectors of intellectual property (IP) conducting analysis and research of IP in the field of language information processing technology. To be specific, these sectors are supported to strengthen the analysis, deployment and application of IP with the help of artificial intelligence (AI), blockchain and language information processing technology.Tracy Chen
According to Bitpush Market Data, BTC is now $10497.85, down 0.11% in 10 minutes, falls below $10500 mark.
According to BitMEX market data, BTC futures is now $10546.25，down 2.84% within a week.
According to Bitpush Market Data, BTC is now $10504.08, up 0.07% in 10 minutes, breaks above $10500 mark.
New DeFi Scaling Platform Avalanche Has Launched Promising Speed And Security A new blockchain promising scalability and security to the world of DeFi, Avalanche, brought its mainnet live on Monday, September 21.The blockchain is being developed by Ava Labs and its CEO Emin Gun Sirer. Sirer has been an outspoken member of the crypto community and frequently rallied against deception and over-hype in the blockchain and crypto industry.Avalanche runs its own consensus protocol allowing the blockchain to run 4,500 transactions per second, according to the release. Other blockchains have slower transactions per second which can cause fees to rise as the network gets congested. Avalanche hopes to become the favorite blockchain of individuals, enterprises, decentralized organizations, developers and token participants. The blockchain raised $42 million from its public asset offering in July. By Emily Mason
Institutional Interest In Bitcoin Spikes After Microstrategy's $425 Million Purchase Shortly after business intelligence company Microstrategy purchased $425 million worth of Bitcoin the volume of Bakkt — a Bitcoin futures market — recorded an all-time-high trading volume. The increased volume suggests a spike in institutional interest in Bitcoin, popular crypto commenter Joseph Young noted in a tweet.Bakkt Bitcoin Monthly Futures recorded 15,955 BTC contracts on Tuesday, September 15, surpassing the previous record-high by 36%. LMAX Digital, which also primarily serves institutional investors, saw a spike and is today processing about $84 million per day, Skew data shows.Grayscale Investments — often held up as the primary indicator of institutional interest in BTC — has also seen increased activity with the assets under management of the firm hitting an all-time-high of $6.2 billion on Wednesday, September 2. By Emily Mason
Supply Of Tokenized Bitcoin On Ethereum Tops $1.1 Billion Worth As DeFi Grows The supply of tokenized Bitcoin on Ethereum has surpassed $1.1 billion worth as DeFi enthusiasts are attracted to the value of Bitcoin combined with the programmability of the Ethereum blockchain. Last week, BitGo's wrapped Bitcoins (WBTC) surpassed 76,000 after hitting a new all-time record of 21,000 WBTC minted in one week, data from Dune Analytics shows.Tokenized Bitcoin is one of the largest assets in DeFi with $1.1 billion worth of WBTC minted from seven issuers. Tokenized Bitcoin is a popular way to provide liquidity to lending and DEX platforms like Uniswap, which can help depositors farm yields. As DeFi and yield farming gains popularity it is likely the community will see WBTC on Ethereum increasing proportionally.By Emily Mason