比推早报 · 695

[Comparative to Zaobao] Many traditional financial giants such as Goldman Sachs, J.P. Morgan Chase, and UBS have purchased Poca ETP products; Wall Street Journal: An address holds Dogecoin worth nearly 2.1 billion US dollars; The Motley Fool, a well-known US investment and financial management website, plans to buy 5 million US dollars in Bitcoin

Every morning, blockchain news you need to know: [Many traditional financial giants such as Goldman Sachs, J.P. Morgan Chase, and UBS have purchased Boca ETP products] Traditional financial giants are quietly deploying cryptographic products other than Bitcoin. According to Coindesk, traditional financial institutions such as Goldman Sachs, ICAP, J.P. Morgan Chase, and UBS have purchased exchange-traded products (ETPs) that provide exposure to Pocar DOT tokens. The product was distributed by 21Shares in Switzerland and was first publicly listed on the Swiss exchange SIX Swiss Exchange on February 4. According to Bloomberg terminal data, up to now, Goldman Sachs (Goldman Sachs) has purchased three ETP products under the stock code GS, for a total of 9,300 shares; UBS, ICAP, and Bank of America's Merrill Lynch Securities have purchased 2,770 shares, 1,000 shares, and 2,200 shares respectively. The least J.P. Morgan has bought 500 shares. [Wall Street Journal: An address holds Dogecoin worth nearly 2.1 billion US dollars] According to the Wall Street Journal, the Bitinfocharts website records show that an address holds 28% of Dogecoin in circulation (about 36.8 billion coins) worth nearly $2.1 billion. The address has held Dogecoin since February 2019. The identity of the holder is unknown and may represent an individual or entity. Comparative data shows that the price of Dogecoin has risen by more than 900% this year, with a market capitalization of around $6.9 billion. [The Motley Fool, a well-known US investment and financial management website, plans to buy 5 million dollars in Bitcoin] The Motley Fool, a well-known US investment and financial management website, announced that it will buy 5 million dollars in cash into Bitcoin within the next few weeks. The website said in an article today: “Although Bitcoin is likely to continue to fluctuate in the short term, in the long run, we think Bitcoin's potential is 10 times its current level, and we plan to hold this Bitcoin investment for many years.” [The crypto market soared, with Bitcoin standing at US$51,000, breaking through US$52,000] Over the past 24 hours, the crypto market has soared. Bitcoin stood at $51,000 and surpassed $52,000. Ethereum recovered to the $1,800 mark, with the DeFi token PancakeSwap leading the way, followed by IOST, the iOS blockchain ecosystem coin, ranked third in terms of increase, and the market capitalization jumped to sixth place. The current total market capitalization of the cryptocurrency market is $1,599,928,354,420, and the 24-hour trading volume is $303,174,419,298. Bitcoin accounts for 60.94% of the market. In the past 24 hours, 17 of the top 20 cryptocurrencies by market capitalization have risen, and 87 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 gainers were PancakeSwap (51.45%), IOST (40.79%), and Binance Coin (33.74%). The top 3 declines were: Carboncoin (-6.65%), Dogecoin (-5.70%), and Avalanche (-3.01%). [Silicon Valley NFT platform Async Art receives $2 million in seed funding] Silicon Valley-based NFT platform Async Art announced that it has received $2 million in seed funding, with at least ten investors participating, including Lemniscap, Galaxy Interactive, Placeholder, etc. The company said that since its launch in February 2020, Async has achieved rapid growth, generated over $1 million in NFT sales in its first year of operation, and launched a smart TV app to showcase digital art. The company intends to use the new funding to bring more users to the platform and develop more ways to display Async artwork. [Mastercard launches the world's first CBDC prepaid card in the Bahamas] The world's first prepaid card linked to a central bank digital currency (CBDC) was born in the Bahamas. According to an official announcement, the Central Bank of the Bahamas has partnered with Mastercard and Island Pay to launch the world's first Bahamas Sand Dollar Prepaid Card (Bahamas Sand Dollar Prepaid Card). Prepaid cards give people the option to instantly convert digital currencies into traditional Bahamian dollars and pay for goods and services anywhere supported by Mastercard. The Island Pay mobile wallet provides users with a mobile app to use Samei at merchants...

2011d agoamyliu19#Comparing Zaobao

[Comparative Morning Post] NYDIG submitted a Bitcoin ETF application to the SEC, with Morgan Stanley as an authorized participant; CryptoCompare reports: the market share of the top cryptocurrency exchanges has exceeded 1 trillion US dollars; the second Bitcoin ETF has been approved! Evolve Bitcoin ETF approved by Canadian regulators

Every morning, blockchain news you need to know: [NYDIG submits a Bitcoin ETF application to the SEC, Morgan Stanley is an authorized participant] The New York Digital Investment Group (NYDIG) has submitted a Bitcoin ETF application to the US Securities and Exchange Commission (SEC), and Morgan Stanley is an authorized participant. According to an open application, NYDIG wants its Bitcoin ETF to be listed on the New York Stock Exchange (NYSE). The New York Stock Exchange is the world's largest stock exchange market, with listed assets of around $23 trillion. According to the document, “The investment goal of this trust is to reflect the performance of the Bitcoin price minus the operating costs of the trust, and does not seek to reflect the performance of any benchmark or index. In order to achieve its investment goals, the Trust will hold Bitcoin and will value assets on a daily basis in accordance with generally accepted accounting principles, mainly by reference to transactions in Bitcoin's main active market.” [CryptoCompare Report: The market share of top cryptocurrency exchanges has exceeded 1 trillion US dollars] According to a report released by CryptoCompare today, the market share of top cryptocurrency exchanges has exceeded 1 trillion US dollars. The report ranked more than 160 global spot exchanges, of which 76 were rated as “top” exchanges, controlling approximately 85% of the market share. Six exchanges were rated AA, namely Coinbase, Gemini, Bitstamp, Kraken, itBit, and Luno. The report also said that the exchange's KYC and AML standards have been greatly improved. 44% of exchanges provided the service of “querying complete historical transaction data through public API endpoints,” compared to only 37% in July. Additionally, the share of exchanges rated as having “poor or inadequate” KYC systems has dropped from 44% in July to 33% in January. [Second Bitcoin ETF approved! [Evolve Bitcoin ETF approved by Canadian regulators] The Bitcoin exchange-traded fund (ETF) of financial company Evolve Funds Group Inc has been approved by the Ontario Securities Commission (OSC) in Canada, making it the second Bitcoin ETF approved by Canada after Purpose Investments. The fund will be traded on the Toronto Stock Exchange. [Crypto market pulls back, Bitcoin falls after breaking through a new high of $50,000] Over the past 24 hours, the overall crypto market has declined slightly. Bitcoin, the number one cryptocurrency by market capitalization, fell after breaking through a new high of $50,000 and is currently hovering above $48,000. Ethereum adjusted sideways in an effort to reach the $1,800 mark. The current total market capitalization of the cryptocurrency market is $1,490,829,113,298, and the 24-hour trading volume is $311,544,213,001. Bitcoin accounts for 60.60% of the market. In the past 24 hours, 6 of the top 20 cryptocurrencies by market capitalization have risen, and 25 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is in a downward trend. The top 3 gainers were: Carboncoin (15.25%), Ren (13.45%), and Decred (10.99%). The top 3 declines were HedgeTrade (-12.55%), UMA (-12.06%), and Elrond (-11.87%). [Financial Times: The other side of Bitcoin's boom is America's decline] The Financial Times published an article saying that cryptocurrencies such as Bitcoin, which have been booming in recent times, reflect the decline of the current superpower America. The author of the article, Rana Foroohar, points out that the popularity of highly volatile cryptocurrencies such as Bitcoin may be an early sign of a new world order in which the US and the US dollar will be less important. In her article, she quoted analyst Luke Gromen's latest research. Gromen compared the price fluctuations of gold and bitcoin during Weimar Germany more than 100 years ago and discovered similarities. Research shows that investors holding gold priced in Weimar Mark experienced sharp rises and falls over a period of 10 years. They have experienced a return to zero five times and have also earned huge amounts of wealth. [US Unified Securities: Four listed companies including PayPal benefit from the crypto boom] Analysts at US Unified Securities (Wedbush Morgan Securities) said that four listed companies, including PayPal, will benefit...

2012d agoamyliu19#Comparing Zaobao

[Comparative to Zaobao] Ethereum 2.0 will undergo the first hard fork upgrade to HF1; Uniswap will become the first decentralized exchange with a cumulative transaction volume of more than 100 billion US dollars; a total of 175 million US dollars will flow into Ethereum-related investment products last week

Every morning, blockchain news you need to know: [Ethereum 2.0 will have its first hard fork upgrade HF1] Vitalik Buterin, one of the co-founders of Ethereum, announced the first hard fork plan for the new Ethereum 2.0 beacon chain on Monday. The hard fork, tentatively named HF1, will allow developers to make several key upgrades to the beacon chain, aimed at general testing before introducing deeper changes. The biggest actual change in this hard fork is support for lightweight clients, which have extremely low resource requirements and can run on mobile devices. This will allow support for “trust-minimized wallets,” which can validate the blockchain themselves rather than rely on external service providers. [Uniswap becomes the first decentralized exchange with a cumulative transaction volume exceeding $100 billion] On Monday, the decentralized exchange Uniswap reached an important milestone, with a cumulative transaction volume exceeding $100 billion. Uniswap CEO Hayden Adams tweeted today that Uniswap became the first decentralized exchange to process over $100 billion in transactions. According to Dune Analytics data, as of February 15, Uniswap's cumulative transaction volume was US$101.5 billion. [A total of 175 million dollars flowed into Ethereum-related investment products last week] As the price of Ethereum, the second-largest cryptocurrency by market capitalization, rises, more and more capital flows into Ethereum-related investment products. Meltem Demirors, chief strategist at investment firm CoinShares, said in an interview with Fox Business News that institutional investors are entering the Ethereum market violently. According to Demirors, CoinShares tracks the total amount of institutional capital flowing into Ethereum from some crypto companies and investment vehicles. He mentioned, “At CoinShares, we have a total of $4 billion in assets under management, mostly Bitcoin. We tracked the flow of funds allocated by investors to publicly listed investment instruments on a weekly basis. Of the capital inflows last week, 80% went to Ethereum investment products, about US$175 million. We have never seen such institutional interest.” [Crypto Market Declines, Bitcoin Recovers Strong Support Level of $48,000] Over the past 24 hours, the crypto market has fluctuated, with major cryptocurrencies showing a V-shaped trend. Bitcoin recovered the $48,000 support level after falling below $46,000, and Ethereum rebounded above $1,800. BTG, the hard fork of the Bitcoin blockchain, ranked first with an increase of about 22%. The current total market capitalization of the cryptocurrency market is $1,511,727,155,684, and the 24-hour trading volume is $341,717,206,663. Bitcoin accounts for 59.75% of the market. In the past 24 hours, 5 of the top 20 cryptocurrencies by market capitalization have risen, and 34 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is in a downward trend. The top 3 gainers were Bitcoin Gold (21.29%), DigiByte (20.47%), and Kusama (20.34%). The top 3 declines were: Carboncoin (-23.58%), Creditcoin (-12.07%), and Reserve Rights (-10.85%). [Chief Information Officer of Pantera Capital: DeFi is the future of finance] Joey Krug, co-chief investment officer of blockchain-focused investment company Pantera Capital, said in the latest monthly newsletter that he is “99.9% convinced that DeFi is the future of finance.” In his article, he talked about the blockbuster GameStop events on Wall Street over the past few weeks and explained how the various problems will be overcome by decentralized finance (DeFi). He said, “The great thing about DeFi is that it is global, the fees are relatively low (once Ethereum is successfully expanded), there are few intermediaries, and it is transparent and fair to everyone. Transactions are settlement. It got rid of rigged systems and replaced it with shared public infrastructure that cannot be manipulated. No broker can increase collateral requirements because there are no brokers.” [US SEC Member Hester Peirce: Clear Crypto Regulatory Rules Are Imminent] US Securities and Exchange Commission (SEC) Commissioner Hester Peirce believes that with institutions entering the crypto sector in a big way, clear...

2013d agoamyliu19#Comparing Zaobao

[Comparing Zaobao] MicroStrategy is back! This time I'm not buying bitcoins, but developing related software products! ; BitPay adds support for Apple Pay, which will soon support Google Pay and Samsung Pay; J.P. Morgan Chase: Bitcoin transactions will be supported if customers need it

Every morning, blockchain news you need to know: “MicroStrategy is back! This time I'm not buying Bitcoin, but developing related software products!] MicroStrategy, which has bought 71,079 bitcoins in the past six months, has made another move. The company is building its first Bitcoin-related software product. MicroStrategy is starting to set up a blockchain analytics team. On Friday, the company posted on LinkedIn the recruitment of blockchain data analysts and blockchain data engineers. In the job posting, the company mentioned that these engineers will join a team to “build an analytical platform with advanced metrics and insights for Bitcoin.” [BitPay adds support for Apple Pay, and will soon support Google Pay and Samsung Pay] BitPay, the world's largest Bitcoin and cryptocurrency payment service, announced on Friday that it will add support for Apple Pay. According to a press release issued by the company, US cardholders of a BitPay prepaid Mastercard can add their card to an Apple wallet and use Apple Pay to make purchases. With Apple Pay, BitPay cardholders can make secure purchases through stores, apps, and the web. Customers who haven't received a physical card can add their virtual card to their Apple Wallet through the BitPay Wallet app and start spending immediately. BitPay also plans to support Google Pay and Samsung Pay later this quarter. [J.P. Morgan: Will support Bitcoin transactions if customers need it] Daniel Pinto, Co-President and Chief Operating Officer of J.P. Morgan Chase, said that if customers have demand, the banking giant will support Bitcoin transactions. In an interview with CNBC on Friday, Pinto said, “If Bitcoin develops into an asset class used by different asset managers and investors over time, we will have to get involved. The demand isn't there yet, but I'm sure it will at some point.” At the beginning of this week, automaker Tesla revealed that it would buy $1.5 billion in Bitcoin and would support Bitcoin payments, which sparked discussions among major companies about whether they would support Bitcoin. [Altcoins generally rise, Ethereum breaks 1,800 US dollars] In the past 24 hours, altcoins have generally risen, Ethereum has broken another 1,800 US dollars, and Bitcoin has adjusted sideways. The current total market capitalization of the cryptocurrency market is $1,493,336,371,844, the 24-hour trading volume is $306,135,529,680, and Bitcoin accounts for 59.44% of the market. In the past 24 hours, 19 of the top 20 cryptocurrencies by market capitalization have risen, and 85 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 increases were Algorand (41.51%), NEAR Protocol (36.31%), and VeChain (33.05%). The top 3 declines were: Carboncoin (-17.75%), HedgeTrade (-12.95%), and 1inch (-3.49%). [The S2F model and technical indicators show that Bitcoin will reach 100,000 US dollars in a few months] Since entering 2021, Bitcoin, the cryptocurrency with the highest market capitalization, has repeatedly reached new all-time highs. According to comparative data, the price of Bitcoin has now risen above 47,000 US dollars, which is only one step away from the 50,000 US dollar mark. Compared to 2020, the price of Bitcoin has increased by more than 100%, but crypto analysts and investors generally believe that this bull run has only just begun. Popular analyst PlanB's Traffic Inventory Model (S2F) on Twitter shows that Bitcoin's price is likely to soar in a few months. He said on Twitter that the price of Bitcoin could soar to the 6-digit price area between April and September this year. He pointed out that since Bitcoin was halved in May 2020, the price of Bitcoin has been moving in a “steady and unavoidable” manner. [BlockFi has increased its holdings in Grayscale Bitcoin Trust and now holds a total of 1.7 billion US dollars] Crypto lender BlockFi revealed on Friday that it has increased its holdings of Grayscale Bitcoin Trust (GBTC) by 11.9 million shares. BlockFi disclosed that it holds 24.2 million GBTC shares in October last year, and the total number of GBTC it holds has now reached...

2016d agoamyliu19#Comparing Zaobao

[Comparative to Zaobao] PayPal hopes to become the central bank's digital currency distribution tool and will expand cryptographic services to Venmo and the UK; Bank of New York Mellon will provide cryptocurrency services to its asset management customers; the US judicial department has launched an investigation into Robinhood and Reddit

Every morning, blockchain news you need to know: [PayPal wants to become the central bank's digital currency distribution tool and will expand crypto services to Venmo and the UK] Payment giant PayPal wants to become the central bank's digital currency distribution tool, and its crypto services will also expand to the Venmo platform and the UK. CEO Dan Schulman made this statement on Thursday's PayPal Investor Day, where he proposed the vision that PayPal's digital wallet would be a tool for the central bank to issue central bank digital currencies to consumers with different income levels. He mentioned, “Imagine how many digital wallets we will have in the next two, three, or five years. We are the perfect complement to the form of digital currency distributed by the central bank and government.” [Bank of New York Mellon will provide cryptocurrency services for its asset management customers] The oldest bank in the US is entering the cryptocurrency sector in a big way. Bank of New York Mellon said on Thursday that it would hold and transfer bitcoin and other cryptocurrencies on behalf of its asset management clients, the Wall Street Journal reported. Over time, Bank of New York Mellon will allow these digital assets to enter and hold the same platforms other traditional assets use. The bank is already in discussions with customers to include digital currencies. Roman Regelman, CEO of Bank of New York Mellon Asset Services and Digital Business, said, “Digital assets are becoming part of the mainstream.” This is a huge step for Wall Street banks, which were previously reluctant to directly touch the crypto market due to concerns about regulatory, legal, and stability risks. But as the price of Bitcoin and other digital assets continues to rise, cryptocurrencies are becoming increasingly popular with asset managers, hedge funds, and other institutional investors. [The US Department of Justice has launched an investigation into Robinhood and Reddit] According to the Wall Street Journal, the US Department of Justice and the San Francisco District Attorney's Office have investigated broker Robinhood and social media platform Reddit to obtain information on trading activities. GameStop shares soared from about $20 to $483 in two weeks in January, according to a previous report by “Comparative”. Since then, the stock has dropped to around $50. A large group of bullish individual traders persuaded each other to buy stocks on Reddit and squeezed hedge funds that bet that the share price would fall, which contributed to the rise in stock prices. Many agencies have announced they are investigating market manipulation issues. Just this morning, the US Securities and Exchange Commission (SEC) halted all trading of SpectraScience shares. The US Commodity Futures Trading Commission (CFTC) is also reviewing similar transactions. [Uber CEO: The company will accept Bitcoin payments if needed] Technology company Uber is considering accepting Bitcoin payments. The company's CEO, Dara Khosrowshahi, said in an interview with CNBC on Thursday that if there is interest and demand, the company will accept Bitcoin and other cryptocurrencies as forms of payment. However, Uber is not currently considering investing in Bitcoin as part of its finances. He said, “We had this discussion before, but it was quickly rejected. We want to keep our cash safe; we don't engage in speculative business.” [The overall rise in the crypto market, Bitcoin and Ethereum rebounded slightly] Over the past 24 hours, the overall crypto market showed an upward trend. Bitcoin regained the $47,000 mark from yesterday's decline, then fell again to $46,000, and Ethereum rose marginally. The current total market capitalization of the cryptocurrency market is $1,441,655,232,511, and the 24-hour trading volume is $299,554,118,574. Bitcoin accounts for 60.52% of the market. In the past 24 hours, 18 of the top 20 cryptocurrencies by market capitalization have risen, and 82 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 increases were Creditcoin (65.53%), Bridge Oracle (47.97%), and Nano (46.74%). The top 3 declines were: Avalanche (-19.72%), PancakeSwap (-13.04%), and Terra (-8.54%). [Wall Street Journal: Financial Executives Are Unwilling to Invest or Handle Bitcoin Because of Volatility] After automaker Tesla revealed that it had purchased $1.5 billion in Bitcoin this week, many companies' wealth...

2017d agoamyliu19#Comparing Zaobao

[Comparative to Zaobao] Twitter is considering adding Bitcoin to its balance sheet; Blue Ridge Bank was suspended by the NYSE after announcing support for purchasing Bitcoin through ATMs; Mastercard will allow merchants to accept cryptocurrency payments this year;

Blockchain news you need to know every morning: [Twitter is considering adding Bitcoin to its balance sheet] Social media giant Twitter is considering adding Bitcoin to its balance sheet. Twitter Chief Financial Officer Ned Segal said in an interview with CNBC on Wednesday that if Twitter employees and vendors ask for Bitcoin payments, then the company might consider investing in Bitcoin as part of its financial strategy. He mentioned, “We've done a lot of early consideration, such as how to pay employees if they ask to pay in Bitcoin, how to pay them if suppliers ask to pay in Bitcoin, and whether we need to hold Bitcoin on our balance sheet if this happens.” [Blue Ridge Bank was suspended by the NYSE after announcing support for purchasing Bitcoin through ATMs] Blue Ridge Bank (Blue Ridge), headquartered in Virginia, USA, announced on Wednesday that it would allow customers to buy Bitcoin at its ATMs. The company's stock was later suspended by the NYSE. Blue Ridge Bank said that there are 19 ATMs that support Bitcoin purchase and exchange services this time. To achieve this goal, the bank partnered with national ATM operator BluePoint and Boston-based Bitcoin ATM software provider LibertyX. In 2020, as demand for contactless payments surged due to the COVID-19 pandemic, the number of Bitcoin ATMs also increased rapidly. Blue Ridge Bank had assets of $1.5 billion at the end of the third quarter of 2020, and the bank's CEO Brian Plum said the new service was launched to further develop to meet “current and future customer needs.” [Mastercard will let merchants accept cryptocurrency payments this year] Payments giant Mastercard plans to give merchants on its network the option to accept payments in cryptocurrency later this year. According to people familiar with the matter to the crypto media Coindesk, Mastercard will support digital currency payments settled in cryptocurrencies. This is the first time for the financial giant. The company has yet to reveal which digital currencies it plans to support, or in which regions. Mastercard CEO Michael Miebach promised in the fourth quarter of last year to integrate digital currency payments on its network, as previously reported by “Comparative”. He said this would provide customers and merchants with maximum flexibility. Previously, Mastercard supported limited cryptocurrency transactions through its crypto card partners Wirex and Uphold. However, these projects only cover payment, not settlement; cryptocurrencies have already been converted to legal tender before they reach merchants. Mastercard's new initiative is expected to enable store owners and merchants to do business beyond the boundaries of the fiat ecosystem, provided, of course, their customers are willing to use cryptocurrency to pay. [Bitcoin falls below $45,000, leading the avalanche agreement for star public chain projects] Over the past 24 hours, the overall crypto market has improved. The avalanche agreement for star public chain projects led the rise, with Bitcoin and Ethereum falling slightly, with Bitcoin falling below $45,000. Among the top ten cryptocurrencies by market capitalization, Cardano's ADA token had the highest increase of 27%. The current total market capitalization of the cryptocurrency market is $1,378,088,386,560, and the 24-hour trading volume is $362,148,682,420. Bitcoin accounts for 60.35% of the market. In the past 24 hours, 13 of the top 20 cryptocurrencies by market capitalization have risen, and 55 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 increases were: Avalanche (79.23%), Celo (38.40%), and Qtum (34.08%). The top 3 declines were Terra (-14.41%), Elrond (-14.30%), and BitTorrent (-13.78%). [Bank of America Report: Investors Should Be Careful with Digital Assets such as Bitcoin] Bank of America pointed out in a report released this week that investors should be careful with digital assets such as Bitcoin. According to the report, the fixed rate of return on current investments has reached a record low, the expected return on large-cap stocks is low, and investors are turning to other options. Cryptocurrency represented by Bitcoin is one of them. Bank of America notes in its report that due to limited total circulation, Bitcoin is viewed by many cryptocurrency advocates as a hedge against inflation and currency depreciation. In 2020, due to the multi-trillion dollar monetary stimulus policies adopted by the Federal Reserve and other central banks, Bitcoin should...

2018d agoamyliu19#Comparing Zaobao

[Comparative to Zaobao] Crypto market sentiment is high, and Bitcoin has broken a record high; US St. Louis Federal Reserve Report: 4 Major Opportunities and 6 Risks of DeFi; Wall Street Journal: Usage Costs, Price Fluctuations, and Tax Policies Make Bitcoin Payments Impractical

Every morning, blockchain news you need to know: [Crypto market sentiment is high, Bitcoin breaks another record high] Over the past 24 hours, the popularity of the crypto market has not abated. Bitcoin has reached a record high of 47,000 US dollars and is trying to reach 50,000 US dollars. Among the top ten cryptocurrencies by market capitalization, the platform currency, BNB, increased the most, reaching nearly 40%. The current total market capitalization of the cryptocurrency market is $1,413,828,262,260, and the 24-hour trading volume is $335,664,604,794. Bitcoin accounts for 61.95% of the market. In the past 24 hours, 16 of the top 20 cryptocurrencies by market capitalization have risen, and 82 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 gainers were Filecoin (56.63%), Matic Network (45.85%), and PancakeSwap (42.80%). The top 3 declines were Dogecoin (-8.81%), Alpha Finance Lab (-6.34%), and Ampleforth (-5.28%). [St. Louis Federal Reserve Report: 4 Major Opportunities and 6 Risks of DeFi] The official website of the US Federal Reserve Bank of St. Louis recently published a report entitled “Decentralized Finance: Financial Markets Based on Blockchain and Smart Contracts”. The report provides a detailed analysis of the main application scenarios of DeFi as well as future opportunities and risks. The author of the report, Fabian Schär, professor of distributed ledger technology and fintech at the University of Basel, proposed a five-layer conceptual framework, including settlement layer, asset layer, protocol layer, application layer, and aggregation layer, and used this to introduce some of the main DeFi application scenarios, such as asset tokenization, decentralized transaction agreements, decentralized lending platforms, decentralized derivatives, and on-chain asset management. He believes that the current DeFi ecosystem has 4 major opportunities and 6 major risks. In terms of opportunities, the report says DeFi can improve the efficiency, transparency, and accessibility of financial infrastructure. Furthermore, the composability of DeFi systems allows anyone to combine multiple applications and protocols to create new, exciting services. [Wall Street Journal: Usage Costs, Price Fluctuations, and Tax Policies Make Bitcoin Payments Impractical] As Elon Musk's Tesla announced the purchase of $1.5 billion in Bitcoin, the price of the largest cryptocurrency by market capitalization continued to rise, which also attracted mainstream media attention. The Wall Street Journal said in an article on Tuesday that although Bitcoin has attracted public attention, it is impractical as an everyday payment method due to usage costs, price volatility, and tax restrictions, and this will not change as Tesla buys Bitcoin. Bitcoin is an unattractive payment option for users who might want to buy a $4 cup of coffee at Starbucks, for example because of the associated fees. According to data from the website BitInfoCharts, the median transaction fee is currently around $5.4, but the average fee is over $11, and the fee varies greatly depending on network traffic. The average daily cost for the past three months was between $2.18 and $17.20. [Musk embraces Bitcoin, some applaud, others disdain] This week's biggest news in the crypto field is Elon Musk's disclosure that Tesla has purchased 1.5 billion US dollars of Bitcoin and may support Bitcoin payments. Although this has pushed the price of Bitcoin to a record high, he also heard two very different voices. Crypto proponent Senator Cynthia Lummis invited Musk on Twitter to consider moving to Wyoming because the state “is the most business-friendly state in the nation and has the best digital asset laws in the US.” However, there are also some corporate finance experts who are not convinced by Tesla's move. Critics believe this may put shareholders at risk due to the volatility of Bitcoin's price, and they specifically point out that Bitcoin experienced a long bear market in 2018 and “Black Thursday” in March 2020. Former British MP Nick Boles said that central banks should ban Bitcoin because it consumes too much energy. He wants every Bitcoin holder to be able to exchange their bitcoins for non-PoW cryptocurrencies that won't have this “disruptive impact.” 【MicroStrategy...

2019d agoamyliu19#Comparing Zaobao

[Comparative to Zaobao] MicroStrategy CEO: Tesla reduced the risk of listed companies buying Bitcoin; the crypto market soared, Tesla helped Bitcoin break a record high of 44,000 US dollars; CME traded more than 30 million US dollars on the first day of Taifang Futures

Every morning, blockchain news you need to know: [MicroStrategy CEO: Tesla Reduces the Risk of Listed Companies Buying Bitcoin] In response to the news that Tesla bought $1.5 billion in Bitcoin, MicroStrategy CEO Michael Saylor tweeted: “Tesla has reduced the risk of listed companies buying Bitcoin and has accelerated the digital transformation of the company's balance sheet. Financial managers are considering how to turn bad assets into the best performing assets”. [The crypto market soared, Tesla helped Bitcoin break a record high of 44,000 US dollars] Over the past 24 hours, the crypto market has soared. Bitcoin broke through a record high of $44,000, spurred by Tesla's announcement of entry. Cardano's ADA token and Boca's DOT token both rose by more than 10%, and the ADA market capitalization rose to fourth place. The sharding project Elrond's eGLD token is among the top 20 cryptocurrencies. The current total market capitalization of the cryptocurrency market is $1,331,954,873,909, the 24-hour trading volume is $305,937,878,968, and Bitcoin accounts for 61.60% of the market. In the past 24 hours, 18 of the top 20 cryptocurrencies by market capitalization have risen, and 91 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 increases were BitTorrent (125.26%), Terra (74.16%), and Elrond (40.10%). The top 3 declines were Celo (-5.12%), SwissBorg (-1.10%), and OKB (-0.55%). [CME's trading volume exceeded 30 million US dollars on the first day of the launch of Taifang Futures] The Chicago Mercantile Exchange (CME) launched an Ethereum futures contract on February 8 with a trading volume of more than 30 million US dollars on the first day. The market crash that some investors feared before did not occur, and the spot price of Ethereum rose slightly. According to comparative data, Ethereum, the second-largest cryptocurrency by market capitalization, rose steadily after CME's Ethereum futures began trading, and surpassed 1,700 US dollars on Monday evening Beijing time. According to official CME information, the code for its Ethereum futures contract is ETH. It is settled in cash in US dollars according to CME's Ethereum Reference Exchange Rate (BRR). It is traded 5 days a week, and the trading time is 5 p.m. to 4 p.m. Central Time the next day. The value of an Ethereum futures contract is 50 times the ETH/USD reference exchange rate index, and the quotation unit is USD/ETH. As of press time, the February contract had sold 275 copies, the March contract had sold 84 shares, and the April contract had sold 1 copy. According to the current price of Ethereum, the total transaction volume has exceeded 30 million US dollars. [Bill Miller plans to invest nearly $400 million in Bitcoin through GBTC] Legendary investor Bill Miller is planning to buy nearly $400 million Grayscale Bitcoin Trust (GBTC) through Miller Opportunity Trust. According to documents submitted to the US Securities and Exchange Commission on Friday, Miller Opportunity Trust plans to invest indirectly in Bitcoin through GBTC, and GBTC's premium level is currently at its lowest level since April 2019. Miller Opportunity Trust manages assets of $2.25 billion, and the fund plans to invest only 15% of its assets under management, or $300 to $400 million. On its official website, Miller Opportunity Trust prioritizes the airline, healthcare, and finance industries as its core investment positions. [Bitwise submits ETF prospectus to SEC to track innovative crypto companies] Crypto asset management company and index provider Bitwise has submitted a prospectus for a new exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC). According to the documents, the fund, called the Bitwise Crypto Innovators ETF, will track the performance of innovative companies in the crypto industry, which Bitwise defines as “companies that provide services and transactions in the economic field of processing crypto assets and distributed ledger technology.” According to this statement, these companies include trading platforms, custodians, and wallet providers, financial services companies that utilize cryptography, crypto miners and hardware companies, and “have a large number of...

2020d agoamyliu19#Comparing Zaobao

[Comparative to Zaobao] The “CME effect” helped Ethereum break through $1,700; Twitter CEO Jack Dorsey ran a complete Bitcoin node on Mac M1; Bitfinex paid off Tether's $750 million loan, and the USDT crisis was lifted

Every morning, blockchain news you need to know: [The “CME effect” helped Ethereum break through $1,700] According to comparative data, Ethereum, the second-largest cryptocurrency by market capitalization, continued to rise strongly above $1,700 on Friday, with a daily increase of more than 6%. Ethereum's recent upward momentum is influenced by the launch of Ethereum futures on the Chicago Mercantile Exchange (CME) next Monday. Analyst Alex Kruger believes that until CME's Ethereum futures products are officially launched on February 8, the price of Ethereum will continue to rise, and its price may rise above $1,900. [Twitter CEO Jack Dorsey runs a full Bitcoin node on Mac M1] Twitter CEO Jack Dorsey is running a full Bitcoin node on his Apple Mac M1 computer. On Friday, he shared a screenshot of his computer on Twitter showing that Bitcoin nodes are syncing, with the caption “Running Bitcoin.” Apparently his caption was in honor of Bitcoin pioneer and cryptographer Hal Finney, who also tweeted the same text when he first ran a full Bitcoin node in 2009. The Bitcoin network consists of a number of server nodes that run the underlying code that implements the Bitcoin protocol. Information such as transactions, blocks, and other data can be transmitted between nodes. [Bitfinex pays off Tether's $750 million loan, USDT crisis lifted] iFinex, the parent company of the Bitfinex exchange, has paid the full amount of its previous loan of 750 million US dollars from Tether, which also dispels crypto investors' concerns about Tether and the USDT stablecoin it issues. According to a press release issued by Bitfinex on Friday, Bitfinex borrowed $750 million from Tether in 2018. The exchange has repaid $200 million of that in the past two years, and is paying back the remaining $550 million plus interest today. [Decentralized Exchange Agreement 0x Protocol Series A Financing Supported by IOSG Ventures] Decentralized Exchange Agreement 0x Protocol Series A Financing was supported by IOSG Ventures. As an alternative to centralized exchanges, the 0x protocol allows smart contracts, wallets, and order books to run apps independently, making every wallet on the network a source of decentralized liquidity. Through the 0x protocol, order books and token owners can bypass centralized entities and directly interact with P2P through a common underlying protocol. IOSG Ventures said, “Our partnership with 0x Labs shows our strong investment beliefs, and we believe DeX aggregators will play a critical role in attracting money from DeFi. Matcha's first-class design and excellent service to users is the best proof of our investment theory, and we are honored to support their team. We believe 0x Labs will inject momentum into the DeFi sector, and we will work together to develop and promote a more transparent, efficient, and fair open financial system.” [Ethereum broke through 1,700 US dollars, 0x protocol tokens led the rise, Luyin LRC increased by nearly 30%] Over the past 24 hours, the crypto market has risen. Ethereum broke through $1,700, once again reaching a new all-time high. ZRX, the native token of the open source protocol OX, led the rise by more than 60%. The LRC token of the Luprinting Agreement rose by nearly 30%, and Bitcoin, the cryptocurrency with the highest market capitalization, continued to consolidate. The current total market capitalization of the cryptocurrency market is $1,180,998,609,757, and the 24-hour trading volume is $236,794,289,454. Bitcoin accounts for 59.38% of the market. In the past 24 hours, 16 of the top 20 cryptocurrencies by market capitalization have risen, and 83 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 increases were: 0x (63.00%), Maker (31.33%), and Cosmos (28.65%). The top 3 declines were: UMA (-8.99%), Dogecoin (-8.88%), and HedgeTrade (-6.74%). [Venmo, a payment app owned by PayPal, was investigated by regulators, and the original plan was to support crypto transactions “within a few months”] According to a Reuters report, payment giant PayPal revealed its move...

2023d agoamyliu19#Comparing Zaobao

[Comparative to Zaobao] Glenn Hutchins launches $72 million crypto venture capital fund; new forces in DeFi rise! Aave hits a new high of $520; MicroStrategy CEO: Bitcoin's monetary value could exceed $100 trillion

Every morning, blockchain news you need to know: [Glenn Hutchins launches $72 million crypto venture capital] Glenn Hutchins, co-founder of private equity firm Silver Lake Partners, and his son James Hutchins and partner Travis Scher have launched a new $72 million crypto venture capital fund. The fund was initiated by New York venture capital firm North Island Ventures and attracted investment from many senior investors and former business executives, including legendary fund manager Paul Tudor Jones, former PepsiCo CEO Indra Noori, Josh Harris, co-founder of investment firm Apollo Group, venture capitalist Geoff Yang, and SOFI CEO Anthony Noto. [New forces in DeFi are rising! [Aave hits a new high of $520] Since the beginning of February, the price of Aave (AAVE) has risen 76%. Today, it hit a record high of $520, and the total value locked in (TVL) rose to $49.6 billion. Currently, AAVE is TVL's second-ranked protocol, after Maker (MKR). According to TradingView data, AAVE's 24-hour trading volume reached 2.4 billion US dollars, rising from 284 US dollars on February 1 to 510 US dollars at present. The liquidity protocol Aave was first launched in 2017 under the name ETHLend and was one of the first decentralized loan agreements on Ethereum. [MicroStrategy CEO: Bitcoin's monetary value may exceed 100 trillion US dollars] MicroStrategy CEO Michael Saylor predicted at the World Now Summit hosted by him that the monetary value of Bitcoin may exceed 100 trillion US dollars. He said, “Every company earns revenue by investing inventory assets into Bitcoin, and every financial company benefits by integrating products or financial services into this network... We have a large cash flow of 300 trillion dollars in stocks, bonds, commercial real estate, cash, and banks. These are 20th century asset forms. What we have seen this year is the emergence and explosion of a new form of currency. This form of currency is cryptocurrency, and the winning cryptocurrency is Bitcoin.” [Wyoming Lawmakers Propose New Bill to Allow Decentralized DAOs to Legally Register in the State] According to a public document on the Legiscan website, a working group dedicated to blockchain technology and innovation proposed a bill that will allow decentralized autonomous organizations (DAOs) to officially register in the state. If the bill is approved, DAOs will be able to register as limited liability companies, and the terms DAO, LAO, or DAO LLC will appear in their official registrar. The bill was submitted in mid-January and sent to the relevant branch committee of the Wyoming Senate for review on February 3. [South African regulators issue new crypto investment warning] South African regulators warn investors that they need to be wary of scams in the current crypto bull market. In a press release issued on Thursday, the South African Financial Industry Conduct Authority (FSCA) requires the public to do due diligence before investing in any crypto-related project. According to the FSCA, numerous well-designed cryptocurrency scams within the country further exacerbate the high-risk nature of the crypto investment sector. [DeFi tokens lead the way, and the market value of the platform currency BNB jumped to 9th place] Over the past 24 hours, the overall crypto market has risen. DeFi tokens performed well. UMA was stimulated by the favorable news of the agreement upgrade, and ranked first in terms of growth. The market value of the platform coin BNB rose to 9th place, and Bitcoin and Ethereum stagnated. The current total market capitalization of the cryptocurrency market is $1,149,583,786,164, the 24-hour trading volume is $252,936,075,650, and Bitcoin accounts for 60.41% of the market. In the past 24 hours, 10 of the top 20 cryptocurrencies by market capitalization have risen, and 55 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 increases were UMA (54.65%), 0x (46.78%), and Aave (39.39%). The top 3 declines were: Litecoin (-4.71%), Zcash (-4.44%), FunF...

2024d agoamyliu19#Comparing Zaobao