Interlay Launches Bitcoin-Backed Stablecoin iBTC on Polkadot Blockchain

[Interlay launches Bitcoin-supported Stablecoin iBTC on the Polkadot blockchain] On August 15th, Interlay, a Polkadot-based DeFi interoperability platform, announced the launch of the encapsulated Bitcoin asset interBitcoin (iBTC), which is a Bitcoin-backed Stablecoin, supported by a decentralized collateral vault network, can be exchanged for BTC 1:1 and will expand the use of BTC for DeFi, cross-chain transfers, NFT, etc. Currently, iBTC is compatible with Acala and Moonbeam, but Interlay said it has invested $1 million to accelerate the expansion of other blockchains, and is expected to support Ethereum, Cosmos, Solana and Avalanche soon. (Cryptoslate)

Other news:

SGX Issues Blockchain-Based Digital Bonds for Food Company Olam International: The Singapore Exchange (SGX) announced the issuance of a 5.5-year bond of approximately S$400 million (approx. Blockchain-based digital bonds. SGX stated that the technology for issuing the digital bond is to use the smart contract language DAML developed by the American blockchain startup DigitalAsset. DAML allows companies to model the decentralized workflow of bond issuance asset services during the maturity period. [2020/9/4]

News | BIG Blockchain Intelligence changed its name to BIGG Digital Assets: BIG Blockchain Intelligence Group Inc., a company listed on the Canadian National Stock Exchange, changed its name to BIGG Digital Assets Inc. on September 26. Following the name change, the company will continue to trade its common stock on the Canadian Securities Exchange under the ticker symbol BIGG. (MarketWatch)[2019/9/28]

Analysis | Three possibilities for the theft of BitPoint: external intrusion, phishing attack and internal crime: According to Coinpost’s article, due to the lack of information, it is impossible to speculate how BitPoint was attacked, but roughly three possibilities can be thought of: 1. Hackers Intrusion through an external vulnerability; 2. Phishing attacks targeting employees to install malware to steal private keys; 3. Internal crime. It is reported that the current Hong Kong-oriented service BitPoint.HK has also ceased service from July 12. Regardless of whether the attack was an external or internal attack, it can be seen that there is a possibility that the company's internal network or permissions cannot be well separated from the point of view of multiple service platforms being attacked. Therefore, we can discuss network decentralization as a way to prevent funds The importance of theft loss magnification. For details, the results of the investigation are still awaited. (Coinpost) [2019/7/15]