LianGuai Morning News | Equinix failure causes paralysis of multiple banking services, Glasgow University launches Metaverse project

LianGuai Morning News | Equinix Outage Leaves Banks in Paralysis, Glasgow University Launches Innovative Metaverse Project

Headlines

▌Data center Equinix experiences issues leading to multiple banks in Singapore being paralyzed.

On October 14th, banks such as DBS Bank and Citibank were paralyzed throughout Singapore, with some customers unable to log in to online banking or use ATMs and other payment services. DBS Bank stated that the service disruption was caused by issues with the data center. Some users on social media also reported problems while using Facebook, Instagram, WhatsApp, and Citibank services. Equinix, the data center, stated that its technical issues affected the operations of some customers, including DBS Bank, and they are currently investigating.

▌University of Glasgow launches a £5.6 million ($6.9 million) metaverse project supported by the UK government.

The University of Glasgow, with support from the UK government, has launched a virtual world platform worth £5.6 million. The “Virtual Museum in the Metaverse” allows users to explore various experiences, including 3D scanning of collections in XR and VR. Project partners include the learning platform Edify, Historic Environment Scotland, and the National Museum of Scotland. Professor Neil from the Advanced Research Centre (ARC) at Oxford University, who is leading the project, stated that the platform can showcase over 90% of collections that are not visible in storage.

• The Unavoidable AI Crisis: Gensler Predicts Financial Apocalypse!
• Friend.tech’s imitation of Tomo and New Bitcoin City has become popular! Let’s take a look at the project’s model and functional design.
• Australia’s Government Drops the Hammer on Digital Asset Platforms Time to Play by the Rules!

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Market

As of posting, according to coinmarketcap data:

BTC recently traded at $26,859, with a daily change of +0.04 %;

ETH recently traded at $1,553.23, with a daily change of +0.23 %;

BNB recently traded at $206.86, with a daily change of +0.26 %;

XRP recently traded at $0.4857, with a daily change of +0.10 %;

DOGE recently traded at $0.05952, with a daily change of +1.6 %;

ADA recently traded at $0.2469, with a daily change of +0.28 %;

SOL recently traded at $21.93, with a daily change of +0.35 %.

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Policies

▌California Governor signs cryptocurrency regulation bill.

California Governor Gavin Newsom signed a bill on Friday to regulate the state’s cryptocurrency industry. Californian legislators hope to establish new rules around cryptocurrency following the collapse of FTX exchange and other market instabilities last year. With no action taken at the federal level, state legislators aim to create a basic regulatory framework.

▌The Reserve Bank of India launches CBDC pilot in the current currency market, including tokenization of assets

Money Control quotes sources familiar with the RBI’s wholesale CBDC pilot, stating that the central bank of India has started testing its wholesale central bank digital currency (CBDC) in the current currency market and has already conducted some transactions. The sources mentioned that more use cases will be tested in the coming days, and the roadmap should cover the entire wholesale sector, including asset tokenization, where securities will be tokenized, repurchase transactions, etc. The e-rupee will move from bond transfer to redemption funds and repurchases. Once the entire segment market is covered, a final pilot will be conducted for the entire wholesale segment market. The sources mentioned that the nine banks participating in this digital rupee pilot are the same participating banks as the ones involved in the RBI’s government securities wholesale pilot in November last year, with the addition of the Federal Bank. The nine banks are the Reserve Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, and HSBC Bank.

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Blockchain Applications

▌Crystal Blockchain and the Global Anti-Fraud Alliance launch “Cryptoseal of Trust”

Crystal Blockchain and the Global Anti-Fraud Alliance announced today their partnership to combat fraud in Web3. The Cryptoseal of Trust (CTS) will create a transparent framework for an originally opaque industry. Certified companies, by providing some level of assurance and undergoing external verification, can demonstrate their compliance with a series of responsible practices that aim to become industry requirements.

▌NFT purchasing solution NFTLianGuaiy partners with Amex and Discover

NFT purchasing solution NFTLianGuaiy announced its partnership with Amex and Discover. By integrating with Amex and Discover, NFTLianGuaiy allows users to purchase NFTs with credit cards without the need for cryptocurrency and start building their NFT collections.

▌DefiLlama adds Spectrum Finance to its trading volume dashboard

Data analytics website DefiLlama has now added Spectrum Finance to its trading volume dashboard.

▌friend.tech users’ total market value is 53,588.49ETH

According to Dune data information, the social protocol friend.tech’s protocol fees have reached 12,885.1ETH. The total volume of protocol transactions has reached 283,472.4ETH, and the current total market value of users is 53,588.49ETH.

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Cryptocurrency

▌Swarm introduces KYC technology for tokenized securities compliant with EU standards

DeFi platform Swarm has launched its onboarding API, allowing institutions and businesses without KYC and anti-money laundering (AML) providers to offer their users tokenized securities and trading compliant with German laws. The API enables customers to embed the onboarding process into their applications, guiding users through the KYC and AML processes, allowing them to submit documents and information, and track their onboarding status. Once verified, users can interact with Swarm’s tokenized treasury bills and public stocks (such as Apple and Coinbase) on the Polygon network.

▌The number of unconfirmed BTC transactions on the entire network is 5,950

According to btc.com, there are currently 5,950 unconfirmed BTC transactions on the entire network, a decrease of approximately 7% since October 14th 00:00.

▌Bitcoin mining company Stronghold mined 196 bitcoins in September

Stronghold Digital Mining, Inc., a Bitcoin mining company, has announced the following updates regarding its operations and financial performance: Stronghold mined 196 bitcoins in September 2023, generating approximately $200,000 in energy revenue, compared to approximately 235 in August 2023. Stronghold expects Bitcoin production to be between 205 and 215 bitcoins in October 2023, excluding any electricity sales, and the company continues to anticipate a growth of over 20% in average hash rate for the fourth quarter of 2023 compared to the third quarter of 2023.

▌Total staked ETH 2.0 has reached 30,511,982

Data shows that the total staked ETH 2.0 has reached 30,511,982, with a value of approximately $47.269 billion at the current market price. Additionally, the total number of ETH 2.0 staking addresses has exceeded 1,004,000, reaching 1,003,962.

▌Bitcoin Lightning Network nodes numbered 14,894, decreasing by 8.27% in the past 30 days

According to 1ML data, the current number of Bitcoin Lightning Network nodes is 16,368, which decreased by 8.27% in the past 30 days. The number of channels is 64,055, a decrease of 6.9% from a month ago. The network capacity is 5,265.61 BTC, an increase of 10% in a month.

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Important Economic News

▌Fed’s Harker: Fed may have completed interest rate hikes

Fed’s Harker: The Fed may have completed interest rate hikes. Supports a longer period of high interest rate stance, but unable to determine how long rates need to stay high.

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LianGuai Encyclopedia

▌Cryptocurrency ATM

A cryptocurrency ATM, also known as a Bitcoin ATM or digital asset ATM, is a physical machine that allows users to buy or sell cryptocurrencies using cash or debit/credit cards. These ATMs bridge the gap between the traditional banking system and the cryptocurrency world, making it easier for people to access and interact with digital assets.

Disclaimer: LianGuai, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish a correct investment concept and be sure to raise risk awareness.

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