Morning Post - September 6

headlines

▌The Russian Ministry of Finance announced that cross-border payments in cryptocurrencies may be legalized soon

According to news on September 5, Russian Deputy Minister of Finance Alexei Moiseyev said in an interview with Russia 24 TV channel that the Ministry of Finance and the Bank of Russia have reconsidered their handling of cryptocurrencies and believe that It will be necessary to legalize the cross-border settlement of these currencies in the near future.

cryptocurrency

▌The newly elected Prime Minister of the United Kingdom has publicly supported cryptocurrencies

Jinse Finance reported that Elizabeth Truss, who was elected as the new leader of the British Conservative Party, expressed support for cryptocurrencies on Twitter in January 2018, calling for regulations that restrict the development of cryptocurrencies to be shelved. "We should welcome cryptocurrencies in a way that doesn't limit their potential, liberating the free enterprise zone by removing regulations that limit prosperity." Since then, though, Truss has not publicly expressed support for cryptocurrencies, nor has he embraced friendly regulations.According to previous reports, on September 5, local time, Graham Brady, chairman of the "1922 Committee", a Conservative party member group in the House of Commons of the British Parliament, announced the voting results of the Conservative Party leadership election. The current foreign secretary, Elizabeth Truss, has been elected as the new leader of Britain's ruling Conservative Party, beating former chancellor of the exchequer Rishi Sunak.

▌ "Financial Times": Singapore's DBS Bank plans to expand cryptocurrency business

September 6 news, according to the British "Financial Times" report, Singapore's largest commercial bank DBS Bank still plans to develop its cryptocurrency and digital asset business, and said it hopes to expand its digital exchange and support its more than 300,000 customers in Asia. Serving high net worth clients.Jinse Finance previously reported that the brokerage department of DBS Bank obtained a cryptocurrency license issued by the Monetary Authority of Singapore last year, allowing its institutional and high-net-worth clients to visit the DBS Digital Exchange by invitation. DBS chief executive Piyush Gupta said the bank currently has fewer than 1,000 members on the digital exchange, but will soon offer services to more than 300,000 high-net-worth clients in Asia, including private individuals, through its DBS mobile banking app. Banks, accredited investors, other exchanges and funds.

▌ SPACE ID: The .bnb domain name will open for public registration at 13:00 on September 13

On September 5th, SPACEID, a full-chain domain name service provider, issued a document announcing that the .bnb domain name will open for public registration at 13:00 on September 13th, Beijing time. At the same time, a 5-day launch conference will be held to the public starting at 13:00 on September 7.

▌ BendDAO liquidation threshold will be adjusted to 80% tomorrow, and the auction cycle will still be 24 hours

On September 5th, the NFT mortgage lending agreement BendDAO tweeted that according to the BIP#10 implementation plan, the liquidation threshold will be adjusted to 80% at 20:00 Beijing time on September 6th, and a new vote will be launched to decide whether to adjust the liquidation threshold to 80%. 75%. Since BIP#10-2 failed to pass the vote, the auction period (24 hours) will not be adjusted.According to previous reports, the BendDAO community released a new proposal BIP#10, which aims to adjust the liquidation threshold and the implementation plan of the auction cycle. Adjusted the liquidation threshold from 90% to 85% on August 30. When the liquidation threshold reaches 80% (effective on September 6), a new vote will be launched to decide whether to adjust the liquidation threshold to 75% and 70%. Regarding the auction cycle, the 48-hour auction time will be changed to 24 hours on August 30, and a vote will be made in the next two weeks to decide whether to change it to 12 hours and 4 hours.

▌SouthChina Morning Post: STEPN announced that it will open an office in Hong Kong

Jinse Finance reported that in an interview with the South China Morning Post, STEPN co-founder Jerry Huang confirmed that the company will move its regional headquarters to Cyberport, which is owned by the Hong Kong government. The company has not given a date for the move.In July, STEPN shut down its GPS service in China, causing the app’s token, GST, to drop 10% following the announcement.