BlockBooster launches $50 million Digital Venture Fund I, officially lays out comprehensive alternative asset management

Comparatively, according to Business Insider, blockchain venture capital agency BlockBooster announced the launch of its first fund, BlockBooster Digital Venture Fund I, on May 15, with a scale of 50 million US dollars, focusing on the four major tracks of AI infrastructure, on-chain trading ecosystem, on-chain asset management, and real-world asset (RWA) tokenization, marking the company's official entry into the digital economy as a comprehensive alternative asset manager field.

Cryptocurrency social investment platform Kikitrade receives $8 million investment

According to Twitter, cryptocurrency social investment platform Kikitrade recently announced the completion of a pre-A round of financing of 8 million US dollars, led by blockchain venture capital Dragonfly Capital, international unicorn catcher Xinyuan Capital, and blockchain game giant Animoca Brands. These organizations will also join Kikitrade's board of directors.

Demystifying the driving force behind the DeFi craze: Framework Ventures

Framework Ventures (hereinafter referred to as Framework), a cryptocurrency venture capital agency that was only established in 2019, hasn't been in the market for a long time, but it's enough to be seriously watched by everyone. In the current boom in DeFi (Decentralized Finance) investment, this nascent institution, which prides itself on being a “native venture capital in the crypto field,” is probably the biggest beneficiary and the most important “driving force behind the scenes.” If you don't believe me, tell you some truth: According to blockchain media Decrypt, Framework is the largest holder of the synthetic asset distribution platform Synthetix's native token SNX, and may also be the largest holder of the decentralized oracle provider Chainlink's native token LINK (if the Chainlink team's own holdings are not taken into account) — you know, Synthetix and ChainLink are part of the current wave of DeFi The most popular “double whammy” in the boom; behind the DeFi projects that make people's hearts flush, Framework is always in the spotlight. They recently invested in the decentralized trading platform Futureswap, led the decentralized lending project Teller, and bought tokens for the decentralized lending project Aave on the cusp. For all of these projects that the Framework invests in, Framework actively intervenes and influences the development direction of the project, especially helping these projects design an exciting new token economy model — after liquidity mining detonated the DeFi ecosystem, this is a powerful skill that this investment institution has received a lot of attention from the small circle of people in this DeFi boom. The Framework has promoted improvements in the KAVA governance and economic model of the cross-chain stablecoin project; in addition, the information obtained by Chainwen shows that with the help and guidance of the Framework, Aave, a popular lending project, is also redesigning the token economy model, and the new model will introduce new incentive methods such as liquidity mining and staking rewards. The two founders of Framework have repeatedly stated that blockchain technology and decentralized networks represent the next major paradigm of computing technology. They have seen that the blockchain industry is fundamentally different from the traditional Internet industry in terms of how value is created and captured, and that cryptographic assets are “unique from all previous asset types, so the existing evaluation model is not suitable for crypto assets, and the crypto world requires a new investment concept and investment service framework.” As a result, they have emerged as a new kind of leader in the blockchain venture capital industry. They are breaking the traditional investment service model and trying to build a new investment service framework in the crypto field. In this framework, they have redefined the role of crypto venture capital: not a bystander, but a builder, and an immersive participant in the entire open blockchain network. So what kind of innovative investment ideas and investment service frameworks has this up-and-coming venture capital institution brought to the crypto world, what kind of investment portfolios has it established so far, and how is it “immersively” serving these blockchain start-ups? Who is Framework: It is both an investment company and a development company. According to Framework's own introduction, it is a venture capital fund founded in July 2019. The team consists of technical experts, researchers, and investors to invest in open crypto networks (open crypto networks) and help build their products and services. The team's main areas of focus include decentralized finance (DeFi), Web 3.0, token-based gaming, and decentralized media. Framework's two founders: Michael Anderson and Vance Spencer, both have extensive experience in investment banking consulting, strategy management, and product development. Vance Spencer (left) and Michael Anderson (right), Source: Forbes Michael Anderson graduated from Yale University in computer science, initially worked as an investment bank analyst at Barclays Capital (Barclays Capital), then worked for two Silicon Valley star tech companies, Dropbox and Snapchat...

Comparative article: Bitcoin Circle Sun Zhengyi — Who invests $0.25 in Ethereum? (1)

Editor's note: This is an exclusive interview series about “Coin World Legends”. “Comparative” begins with his participation in Bitcoin mining and the birth of the Ethereum Chinese white paper, focusing on Guru's experience in the cryptocurrency field, reviewing the twists and turns that the Ethereum community has experienced, the pitfalls Guru has stepped on his way to starting a business, and sharing his layout and prospects in the cryptocurrency field. I hope everyone can enjoy business opportunities everywhere in the cryptocurrency industry. Guru translates Ethereum into “Ethereum” and “The name Ethereum gives people the feeling that they are roaming in space.” Guru said to “Comparing”. “The symbol of Ethereum is an element. The Chinese name for ether is an organic compound. If translated directly into Chinese, it seems too dull. The word “square” plays a finishing role in the Chinese translation of “Ethereum.” Gulu believes that the blockchain smart contract platform is like a city. The city has interlaced transportation networks, and there are also many communities that form a small ecosystem. They interact with each other and are well connected to form a large ecosystem with network effects. The design and infrastructure construction of this city is very important. Specifically, blockchain is its throughput (TPS). Only large throughput can accommodate more Dapps, and the interaction between Dapps can form a synergetic effect. Gollum, real name is Lu Bin. The name Guru is inspired by “Lord of the Rings.” Gollum in “The Lord of the Rings” is relentless in her pursuit of the Lord of the Rings, even if it shatters to the bone. Gollum in the blockchain field has the same obsession with the pursuit of blockchain technology as Gollum in “Lord of the Rings.” Guru believes that the energy of blockchain has no less change and impact on the real world than the Demon Realm. What we have discovered now is only the tip of the iceberg of the energy that blockchain gives to the world... (Photo: Sohu Entertainment) Guru is a blockchain legend. He has many aura: Masayoshi Sun from the cryptocurrency community, translator of the Chinese version of the Ethereum and MakerDAO white papers, blockchain fund manager, blockchain columnist, founder of several blockchain projects, the most famous of which are “Binance” and “MYKEY.” Gulu is also the CEO of Shanghai Xindi Information Technology Co., Ltd., the founder of the Bitcoin Blockchain Research Club, the founder of the Blockchain Venture Capital Alliance, and the co-founder of Babbitt. Guru hasn't posted a column in a long time. Recently, his article “Guru Stepping on Lightning” instantly made headlines in leading blockchain media. Guru has an outstanding record in investment. He participated in Ethereum's ICO fundraising with a purchase price of about $0.25 back then. The fund he is in charge of has outperformed Bitcoin's rise in the same year in terms of return on investment. After graduating from Zhejiang University in 2007, Gulu went to the US to study for a doctorate degree in mechanical engineering. As a science and technology guy, Guru is actually curious about the field of economics and finance. In his spare time, he teaches himself a lot of knowledge about this. Gollum is a Chartered Financial Analyst (CFA) level. This is a very difficult and high-value financial license. As we all know, Bitcoin is a new thing that is very difficult to grasp. A thorough understanding of Bitcoin requires strong economic, financial and technical knowledge. Some Xiaobai, like me, felt in the clouds after hearing the concept of Bitcoin; some experts in economics and finance were able to understand the subtlety of Bitcoin's design and understood that it was an attack on banks, but lacked execution to buy Bitcoin or participate in Bitcoin mining; others started Bitcoin mining a long time ago, but the hard drive that stores Bitcoin was actually thrown in the trash, becoming historical data describing Bitcoin. In October 2010, Guru first met Bitcoin. Like most people, it takes time for him to understand and digest this new thing, like alien technology. In 2011/6, Guru began mining Bitcoin and has been following the latest trends in the Bitcoin and crypto industry in his spare time. As you can imagine, Guru has a very good understanding of Bitcoin's hard core technology and economic and financial knowledge, and has strong execution ability. Many people had tens of thousands of bitcoins in the early days; however, some exchanged these bitcoins for 2 Pizzas, some exchanged them for a pleasant trip, and others lost their Bitcoin due to speculative gains in the volatile market where it was like a roller coaster. Since 2011, Guru has been working as a Bitcoin miner while insisting on spending an hour every day studying the latest information on the blockchain industry and grasping the pulse of the blockchain industry. According to Guru, blockchain applications represented by Bitcoin are a paradigm shift. Once you understand this, you won't hesitate or doubt when winter comes. Bitcoin's price has risen exponentially over a decade,...

Blockchain's 10-year rise and fall record in China

The blockchain industry experienced ups and downs in 2019. In the first half of the year, the industry entered a deep winter, and practitioners were at a loss; in the second half of the year, attention from top management brought blockchain back into the public eye and injected energy into the industry. Bitcoin exploded by nearly 40% overnight, blockchain concept stocks went up and down one after another, “Bitcoin” became popular again. Major brokerage research reports interpreted what “blockchain” is, and party members began to learn about blockchain one after another... Behind this, practitioners have been deeply involved in the industry for ten years. It's been ten years since blockchain technology was born and ten years since it entered China. China is the soil that must be mentioned in its development process. The two major public chains, Bitcoin and Ethereum, have flourished through investment from Chinese people. The mining giants and leading exchanges that made it to Forbes and Hurun's rich list today, the gifted young genius, and the hidden capital traders behind them all come from China. On the B-side of the story, the speculative nature of blockchain is also mixed with many fraudsters, pyramid schemes, and stealing the world, making the decade of blockchain rise and fall, more colorful and strange than other technologies. Bitcoin was born, blockchain was born in 2008, the US subprime mortgage crisis broke out, and Wall Street investment banks fell one after another. On October 3, the Bush administration signed a $700 billion financial bailout plan. Twenty-eight days later, on November 1, 2008, the “Cryptopunk” mailing group published a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”, signed by Satoshi Nakamoto (Satoshi Nakamoto). Two months later, Satoshi Nakamoto released the first open source Bitcoin client. This is the birth of Bitcoin, and the birth of blockchain. The white paper became the “Bible” of “Bittheism,” and the developer documentation became the “Code of Hammurabi.” The “Bible” floated across the sea to China, and many financial and technology enthusiasts began using computers to try to mine bitcoins. At the time, Bitcoin was also known to some domestic people, but those who approved it were often ashamed to admit it because Bitcoin was viewed as pyramid scheme. In 2011, a teenager working as an analyst at a brokerage firm first came into contact with Bitcoin, upgraded cloud services with Bitcoin, and bought a pair of luxury slippers on Taobao. He felt that the experience was as wonderful as flying a kite when he was a kid. At the end of the year, he translated the Bitcoin white paper, making this “Bible” the earliest Chinese version. In the same year, he also founded Babbitt, the first Bitcoin exchange community with his newly-met sci-fi writer Chang Yu (Liu Zhipeng). He was later Wu Jihan, the co-founder of Bitmain, the world's number one mining machine manufacturer. He was also a Bitcoin evangelist at the time. After watching his remarks and reading “The Beauty of Computing Power,” you may also be able to feel his purity about Bitcoin. Referring to Babbitt's vision, he said it was his responsibility to “stand up” and explain the slightly sparse basic technical principles to the public. After a few years, Wu Jihan was already the hegemon of the blockchain industry, and since then he has even been a mining bully. However, today he is rarely interviewed by the media, and no matter how he is portrayed, he is only afraid that his face will be blurred. The Bitcoin industry began, and the mining industry and exchanges are now tomorrow's child in 2013, which ushered in a turning point for Bitcoin. In May, CCTV first reported on Bitcoin, and investors heard it. The price of the currency surged fourfold in November. Mining machines are in short supply. This year, Wu Jihan met Jenk Group and founded Bitmain. Li Lin and Xu Mingxing founded Huobi and OKCoin in May and October, respectively. The Chinese have an absolute majority in the Bitcoin trading and mining world, probably starting this year. With the launch of the first Avalon mining machine, the Bitcoin computing power war began, and computer mining declined. (For details, please read “The Spring and Autumn Era of Mining: The Rankings of the Wealthy”) Inside the garage coffee, Li Xiaolai, Grandpa Bao, Old Cat, Zhao Dong, Zhao Guofeng, Yi Lihua, Wu Gang, Prince Runaway Gong, and others had a lot of fun talking and laughing. VCs that later actively embraced blockchain in the “blockchain revolution” also planted a fire at this point. Sequoia and Innovation Factory have invested in Bitmain. Dai Zhikang and Zhenge voted for Huobi's Angels. In March of the following year, Sequoia entered the Pre-A round. With the help of investor Mai Gang, Xu Mingxing received angel financing from Jiang Tao, Cai Wensheng, Pre-Angel founder Wang Lijie, and Lei Feng Network founder Lin Jun. Ceyuan Venture Capital, Mantu Capital, and Startup Factory will also become investors in the next round. The Bitcoin mining and exchange industry chain is beginning to take shape. Subsequently, the digital currency industry quickly fell to a low point back then. This was the first bear market experienced by the three, and probably the worst. In later stories, they may have become accustomed to the ups and downs of the industry and will play an important role in the blockchain field in the future. These three “Huangpu Military Academy” have also produced many of today's big players, such as Binance founder Zhao Changpeng, Shenma Miner Yang Zuoxing... Ethereum is coming to China to raise funds...

With the continuous expansion of blockchain technology, local governments have launched blockchain industry funds to attract blockchain enterprises. Currently, at least 8 provinces, cities, and regions have launched industrial funds, including the Shenzhen Blockchain Venture Capital Fund, the Beijing Blockchain Ecological Investment Fund, and the Hangzhou Xiongan Global Blockchain Innovation Fund, etc., with a total scale of nearly 40 billion yuan.

[Comparative to Zaobao] Cryptocurrency exchange Coincheck plans to enter the US market; Google bans cryptocurrency mining programs in its mobile app store

At 7:30 a.m., Blockchain news you need to know: [Cryptocurrency exchange Coincheck plans to enter the US market] According to Cointelegraph Japan's July 27 report, online broker Monex Group is now planning to launch a US-based trading platform after acquiring the hacked Japanese cryptocurrency exchange Coincheck this spring. Monex CEO Oki Matsumoto also said that Coincheck (purchased by Monex in April for about $33 million) will begin full operation next month. Matsumoto initially predicted that Coincheck's trading activities would be opened in June, but it did not obtain a license from Japan's financial regulator, the Financial Services Authority (FSA) at the time of the expected opening, which delayed its opening. As Matsumoto said at the press conference, he is confident of getting a license from the FSA and added that Monex has completed its investment in cybersecurity and internal management. [Google bans cryptocurrency mining programs in its mobile app stores] Google, like Apple, has now banned cryptocurrency mining apps in its mobile app stores. The internet giant revealed a shift in its position in a recent policy update for Google Play developers, according to a report published by industry media agency Android Police on Thursday. “We don't allow apps to mine cryptocurrencies on devices. We only allow apps to remotely manage the mining of cryptocurrencies,” the policy states. In April of this year, after Google discovered that the “vast majority” failed to comply with its single-purpose policy or a malicious attack, Google banned the use of cryptocurrency mining browser extensions in its Chrome online store. Also, just last month, Apple updated its mobile app policy for iOS developers to ban any apps that can be used to mine cryptocurrencies on mobile devices. This limitation appears to be due to the popularity of cryptocurrency mining in the criminal world. [The top ten cryptocurrencies had an average return on investment of 1,360 times in 2017] According to data from the Crypto Finance Conference (CFC) on July 27, the ten crypto transactions in 2017 returned an average of more than 136,000% per person. Of all crypto projects that raised at least $1 million in 2017, IOTA (MIOTA) received an astonishing 614,934% return for investors, making it the top spot in the researchers' rankings. In second place is Nxt, a blockchain-powered decentralized ecosystem focused on crowdfunding, governance, cloud services, and digital asset exchange. The project's local NXT token investors have a return of over 500,000%. [Bank of Canada: The central bank will have economic benefits from issuing cryptocurrencies] According to CoinDesk reports, the Central Bank of Canada stated in a document released on Thursday that cryptocurrencies issued by the central bank may bring economic benefits to Canada and the United States. The working paper that came to this conclusion was prepared by Bank of Canada researcher S. Written by Mohammad R. Davoodalhosseini. He said the introduction of a central bank digital currency (CBDC) “could bring consumption growth of up to 0.64% in Canada, and 1.6% in the US, compared to the current cash-only economy.” Davoodalhosseini said that one of the key issues currently being considered by “many” central banks considering issuing CBDCs is whether cash and digital fiat money should coexist. If coexistence is chosen, then how to maintain an “optimal” monetary policy. Based on detailed modeling and mathematical calculations, the researchers pointed out in the paper that, at least for Canada and the US, the country's economic benefits may be better achieved by using CBDC instead of cash, provided that implementing this transformation process is not very expensive. [US state of South Carolina terminates ban on blockchain venture capital firms] According to CoinDesk, the securities regulator in South Carolina in the US publicly stated in a public document that it has terminated the ban on two blockchain startups. The South Carolina Attorney General's Office, which oversees the state's securities regulation, issued two orders on Thursday announcing the revocation of the May shutdown order on blockchain startup ShipChain and the March ban on mining company Genesis Mining. This is the first time that the state has lifted a ban on the operation of blockchain startups. Previously, regulators believed that ShipChain's generation...

US state of South Carolina ends ban on blockchain venture capital firms

According to CoinDesk, the securities regulator in South Carolina in the US stated in public documents that it has terminated the ban on two blockchain startups. The South Carolina Attorney General's Office, which oversees the state's securities regulation, issued two orders on Thursday announcing the revocation of the May shutdown order on blockchain startup ShipChain and the March ban on mining company Genesis Mining. This is the first time that the state has lifted a ban on the operation of blockchain startups. Previously, regulators believed that ShipChain's token and Genesis Mining's mining contract were unregistered securities. ShipChain reversed this claim in May, saying in a statement the company “doesn't believe its tokens are securities.” ShipChain also said it was unaware that South Carolina residents can buy their SHIP tokens. The Thursday document stated: “After reviewing the relevant information, it was found that there were valid reasons to lift the ban.” Author: Alia This article is from BiTui Finance. The source must be indicated for reprinting

Sequoia Capital once again leads huge financing for blockchain venture capital firms

Blockchain venture capital company Nervos Network announced on Wednesday that it has completed Series A financing of 28 million US dollars, led by well-known venture capital firms Sequoia Capital, etc., and institutions such as Jingwei China, Jiuhe Venture Capital, Fengrui Capital, Polychain Capital, and Multicoin participated in the investment. According to Nervos's statement, the new round of financing will be used to expand the Nervos product and engineering team to accelerate the development of its blockchain infrastructure. The founding team of Nervos Network comes from core members of well-known organizations in the industry such as Ethereum, imToken, and CloudCoin. Among them, Jan Xie (Jan Xie), the chief architect and head of the research team, was a core R&D member of Ethereum. Nervos Network aims to be the “engine of the crypto economy”, enabling enterprises to build and deploy decentralized applications without maintaining blockchain infrastructure on their own. The Nervos system combines the blockchain public chain with another layer called the “application chain,” and says it will simultaneously solve common blockchain issues such as scalability and security. This approach will allow companies to develop decentralized applications on a secure public network, but run in the application chain layer, thereby ensuring that enterprises do not need to “pile up all technical information into the blockchain.” Xie Hanjian said in the announcement, “Businesses that use blockchain technology to innovate and improve existing systems have undeniable advantages, but the current adoption of blockchain technology by enterprises is hampered by many issues such as scalability, security, and complexity.” Following its previous participation in Bitmain's Series B financing, this is a recent move by Sequoia Capital to invest in the blockchain industry. Earlier this year, Polychain also co-invested with venture capital giant Andreessen Horowitz in a Swiss blockchain startup, injecting a total of $61 million. Author: Alia This article is from BiTui Finance. You must indicate the source for reprinting...

US government allocates $1 million to support decentralized power grids

The US Department of Energy (DoE) announced that it will allocate $1 million to support a blockchain venture capital company to advance the development of a decentralized energy network. Colorado venture capital firm Grid7 is one of 95 grantees announced by the US Department of Energy on Monday. This grant is part of the second phase of the Department of Energy's Small Business Innovation Research (SBIR) project, which will fund innovation projects over the next two years. According to Department of Energy data, Grid7 will receive $999,363 as part of the $95 million the US Department of Energy will provide to small businesses in 26 states to use new technology to drive the country's energy development. According to SBIR's program data, Grid7's three-person team already received approximately $150,000 in grants in 2017 through the first phase of the project. The Ministry of Energy explained, “Startups that have proven the technical viability of innovation in the first phase compete for funding for the model and actual implementation process in the second phase.” According to Grid7's official website, the purpose of the project is to develop a decentralized solar power generation system to share energy data for homes, buildings, and power grids in a decentralized manner. The goal of this system is to improve the efficiency of the power supply and provide security against cyber attacks. Colorado lawmakers are working to create an environment more conducive to blockchain development. The funding will then need to be approved by the Senate in May and then take effect after the governor officially signs it. Author: Alia This article is from BiTui Finance. The source must be indicated for reprinting