Morning Post - November 8

headlines

▌CZ denies "war with SBF", saying that its decision to announce FTT liquidation is only in response to market speculation

CZ, the founder of Binance, posted on social media that the announcement of the liquidation of FTT was only in response to speculation and doubts in the market. This behavior adheres to the principle of openness and transparency, and is not a conspiracy theory. He personally devoted his mind and heart to the construction of encryption, not "war with SBF" as everyone guessed.Note: CZ's original tweet stated that "the release of the liquidation decision was the last straw that broke the camel's back", and then posted again to announce the number of ETH balances on the Binance platform. Therefore, the market speculates that his clarification statement of "no intention to start a war" is not completely true.

policy

▌The Central Bank of Russia is integrating crypto assets into the local financial system

The Central Bank of Russia has released a report on digital assets, focusing on the integration of crypto assets into the country's financial system. Key areas of focus for the report include proper taxation and regulation of digital asset issuance. The Central Bank of Russia then expressed its interest in “opening up the domestic market to foreign issuers from friendly countries” in a Telegram post. The report also states that the Central Bank of Russia is working on an independent report on the digital ruble, which will be piloted in 2023. According to previous news, the Russian Ministry of Finance and the Central Bank have reached an agreement on a bill allowing cross-border settlement of cryptocurrencies. The proposed policy change aims to allow Russian nationals to use digital wallets.

cryptocurrency

▌Indian cryptocurrency exchange WazirX launches profit and loss function

Indian cryptocurrency exchange WazirX has launched a profit and loss (P&L) feature for users to analyze and calculate their investments. WazirX users will view their portfolios with absolute profit and loss, average buy-in per asset, and can customize a "profit and loss view" for tokens. The WazirX calculator takes into account the average purchase price, investment value and unrealized gains and losses. The feature also has a separate category for the impact of events other than transactions, which include coins received as referral rewards, cryptocurrency withdrawals, rewards and penalties.

▌Huobi will recast PGALA Token on the TRON network

Huobi issued a notice about recasting PGALA Token on the TRON network: Since the pGALA Token contract uses an upgradeable transparent proxy (Transparent Proxy) model, and the private key of the owner of the Admin role of the pGALA proxy contract has been leaked on Github, the contract configuration is lost permissions, resulting in the pGALA contract being at risk of being attacked at any time, posing a huge security risk.In order to ensure the interests of PGALA holders on the platform, Huobi Global decided to use the total amount of pGALA actually held by platform users: 6,211,014,582.57982347 as the total circulation, and recast 100% decentralized and 100% circulating PGALA Meme Token on the TRON network ( PGALA), the new contract address is: TF7Ncj2PwKYxVthJaCZCRS98XgnXhJ347h After the contract replacement is completed, the deposit and withdrawal of PGALA will also open at 2022-11-07 23:00:00 (GMT +8), and the tax burning mechanism will not be affected in any way. The destruction will also be carried out on the new contract, the destruction address is: T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb.