Golden Morning Post | The total market value of cryptocurrencies hit a record $2 trillion

Headline

▌The total market capitalization of cryptocurrencies hit a record $2 trillion

Jinse Finance reported that the data shows that the total market capitalization of cryptocurrencies has reached a record $2 trillion.

Market

As of press time, according to Huobi global data:

The latest transaction price of BTC is 58923.96 US dollars, with an intraday increase or decrease of -0.13%;

The latest transaction price of ETH is 2105 US dollars, with an intraday increase or decrease of -0.3%;

BCH's recent transaction price was US$646, with an intraday increase and decrease of +4.57%;

The latest transaction price of BSV is 247.17 US dollars, with an intraday increase and decrease of +2.5%;

The most recent transaction price of EOS is $6.68, with an intraday increase and decrease of +0.28%;

The latest transaction price of LTC is 220.63 US dollars, with an intraday increase and decrease of +5.46%;

DOT's recent transaction price was US$45.81, with an intraday increase and decrease of +2.49%.

Policies

▌The IRS plans to use AI to track cryptocurrency transactions

Golden Finance reported that in the information released on April 2, the US Internal Revenue Service (IRS) announced its plan to realize digital operations in the 2021 fiscal year. The plan includes ditching paper and developing new tools based on artificial intelligence and machine learning. The AI and machine learning project is specifically aimed at developing automated customer service "chatbots" and better tracking of cryptocurrency transactions.

News| Jinse Finance won the advanced unit of blockchain technology industrialization promotion in 2019: Jinse Finance live report, the 2nd China High-tech Industrialization Summit Blockchain hosted by the China High-tech Industrialization Research Blockchain Industry Alliance + The Traceability and Brand Application Forum and the Establishment Ceremony of the Quality Library Traceability and Brand Data Storage Center was held on November 26 in Huangpu, Guangzhou. Jinse Finance won the 2019 Advanced Unit of Blockchain Technology Industrialization Promotion. [2019/11/26]

▌Spain seeks public opinions on cryptocurrency regulation

Spain’s National Securities Market Commission (CNMV) is seeking public comments on the regulation of bitcoin and other cryptocurrencies, with the deadline for submissions being April 16.

▌Bank of Japan: Launch central bank digital currency experiment

The Bank of Japan stated that it will launch a central bank digital currency experiment, which will last for one year.

▌The Central Bank of Argentina requires banks under its jurisdiction to report customer information on transactions using encryption

The Central Bank of Argentina (BCRA) has asked operating banks within its jurisdiction to obtain and provide details of all customers transacting with cryptocurrencies. In a form leaked on Twitter by the local bitcoin community, Argentina’s central bank commissioned the country’s banks to provide information about each customer’s unique tax identification number (CUIT), address, account number, account type, and accounts authorized to use the account. Information about the person's name. The accompanying information further states that the data request is necessary and falls within the purview of the BCRA as it has a "monitoring function of the payment system". Argentina’s central bank later confirmed the table’s authenticity to a local news platform, adding that the purpose of the exercise was to determine whether crypto assets warrant greater regulation in the country.

Golden Morning News | Bitcoin does not have securities attributes, Tether restarts account verification: 1. SEC Chairman: Bitcoin ETF needs to solve the market manipulation problem before it is approved

2. SEC Chairman: It has been determined that Bitcoin does not have securities attributes

3. Coinbase launches trading desk for institutional investors

4. Thailand's main digital asset exchange TDAX will issue STO

5. Economic Information Daily: Blockchain and other financial technology supervision will be upgraded

6. VanEck is partnering with Nasdaq to launch regulated crypto futures contracts

7. Allianz Chief Economic Advisor: Digital Currency Will Survive

8. Wang Jiangping, Vice Minister of the Ministry of Industry and Information Technology: Use blockchain and other technologies to improve the ability of small and medium-sized enterprises to adapt to the market

9. Tether re-opens account verification and can redeem legal currency directly from its platform[2018/11/28]

Blockchain Application

▌German authorities develop technology to allow investors to buy and sell securities on the blockchain in exchange for central bank funds

German authorities have developed a technology that allows investors to buy and sell securities on a blockchain in exchange for central bank money. The project is carried out by the Bundesbank in cooperation with Deutsche Börse and the German government debt agency. Commonwealth Bank said on Wednesday its solution was the first to allow those selling securities on the blockchain to receive their proceeds in an account at the central bank. Furthermore, the technology may soon be rolled out across the Eurozone, well before the ECB’s digital euro is launched.

Analysis | Analysts on the golden disk suggest: BTC has many resistances, so it is not suitable to fight: BTC hit a new low in the night market, and random bulls began to counterattack. The gold level of 7380 superimposed with the support of the long-term moving average deterred the bears, but there were many resistances above, so it is not suitable to fight. [2018/8/2]

Cryptocurrency

▌SushiSwap no longer locks 2/3 SUSHI newly produced by liquidity mining

According to official news, SushiSwap no longer locks 2/3 SUSHI newly produced by liquidity mining. This means that users currently participating in liquidity mining can receive all the new output SUSHI.

▌The trading volume of Bitcoin futures and options hit a record high in March

Jinse Finance reported that according to data collected by The Block Research, the monthly trading volume of Bitcoin futures and options both hit record highs in March. In March, Bitcoin futures trading volume reached $2.13 trillion, 1.90% above January’s record high. Meanwhile, Bitcoin options trading volumes rose 16.19% from February to March, bringing the total volume in March to $28.63 billion.

▌The number of active-zce nodes in the Bitcoin Lightning Network has exceeded 10,000

The Bitcoin Lightning Network now has over 10,000 active-zce nodes and $69 million in locked value. According to public data, the number of nodes on the Bitcoin Lightning Network has nearly doubled year-on-year. Previously in April 2020, the Lightning Network had about 5,335 public nodes. Now, that number is 10,348, an increase of about 94%.

Jinse Finance live report, XinShu Dong: Blockchain is not absolutely safe: At the 2018 World Digital Asset Summit (WDAS) and FBG Annual Conference, XinShu Dong from Zilliqa said that whether the blockchain is safe or not is of great importance to everyone. For most people, it is safe, but the blockchain is not absolutely safe. The current secure blockchain is often very inefficient and difficult to meet the needs of applications. How to ensure the security of the blockchain and improve efficiency is where the blockchain needs to be innovated. [2018/5/2]

▌Grayscale: 100% committed to transforming GBTC into a Bitcoin ETF

Grayscale announced that the platform is 100% committed to converting GBTC into a Bitcoin ETF. Grayscale applied for a Bitcoin ETF in 2016, and spent a lot of time in 2017 talking to the SEC about it, but withdrew its application because the regulatory environment was immature. In addition to Bitcoin Trust, Grayscale has also launched a number of trust products, and Grayscale stated that its purpose has always been to convert these products into ETFs. At present, Grayscale believes that the time is ripe, and said that after the goal is achieved, GBTC holders do not need to take any action, and Grayscale will lower the management fee.

▌Ebang International rose more than 12% before the market, and today officially announced the establishment of a cryptocurrency exchange

On April 5th, Ebang International officially announced the establishment of a cryptocurrency exchange, which rose by more than 12% before the market. Mr. Hu Dong, chairman and CEO of the company, commented: "The official launch of our cryptocurrency exchange is our The result of continued investment in research and development. In recent years, we have invested heavily in research and development talent acquisition, product innovation and iteration. The launch of our cryptocurrency trading business will not only expand the revenue stream of our cryptocurrency business, but will also Optimize the development of our blockchain industry chain."

Jinse Finance live report Qingdao Shibei District People's Government Qingdao: Promoting the combination of blockchain and real economy to help people benefit: Jinse Finance live report, at the 2018 World's First World Blockchain Technology Expo, Shibei District People's Government of Qingdao City Representatives from Qingdao participated in the roundtable forum on "Government Interpretation of Local Government Blockchain". He pointed out: when it comes to the development of blockchain technology in China, many people are asking why Qingdao wants to develop the blockchain industry. Qingdao Lianwan is located in a port and will become part of the Qingdao Free Trade Zone in the future. Lianwan wants to become China’s The harbor of blockchain. Through the means of government guidance, market promotion, and enterprise operation, we will promote the common development of the five major platforms of blockchain education and training, blockchain industry incubation, blockchain application testing, blockchain qualification certification, and blockchain fund investment. It is hoped that Lianwan can contribute to the development of China's blockchain + industry, promote the combination of blockchain and the real economy, and truly benefit the people. [2018/4/21]

▌500.com announced the acquisition of a 7nm mining machine manufacturer

On April 5th, Bitmining (500.com) announced the acquisition of mining machine manufacturer Bee Computing. At present, Bit Mining has signed a share replacement agreement with the shareholders of Bee Computing Hong Kong Co., Ltd. The company acquired Bee Computing (Hong Kong) Co., Ltd. with a total value of US$100 million and a total of 45,825,530 Class A ordinary shares as consideration, accounting for approximately 8.18% of the company's total issued share capital on March 31, 2021. The price of Class A common stock for this acquisition is US$2.182 per share, based on the weighted average price of US$21.82 per ADR for the 20 trading days prior to April 5. According to the share replacement agreement, after BeeComputing completes the restructuring and other customary transaction conditions are met, the company will pay 16,038,930 Class A ordinary shares worth US$35 million to selling shareholders, and the first delivery is expected to be completed in the second quarter of 2021. After Bee Computing achieves the following milestones, the company will pay 29,786,600 Class A common shares with a total value of 65 million US dollars to the selling shareholders and the R&D team: 1. Continue mass production of 7nm ASIC bitcoin mining machines of a certain scale; 2. Successfully research and develop and Mass-produce 7nm ASIC Bitcoin mining machines with better power consumption and performance in a certain scale; 3. Successfully develop high-performance and energy-producing Ethereum ASIC mining machines; 4. Successfully develop high-performance and energy-producing Litecoin ASIC mining machines. The selling shareholders have agreed to lock up the Class A ordinary shares acquired in this transaction as agreed by both parties.

▌The number of ETH on exchanges reached a 19-month low

According to data aggregator Glassnode, the amount of ETH on exchanges recently hit a 19-month low, and the last time ETH balances were this low was in September 2019. Data from the platform shows that the Ethereum balance on major exchanges (Binance, Bitfinex, Gemini, and Kraken) is 14.6 million, which is about $29.5 billion. the

▌Grammy winner The Weeknd's first NFT music sales reached 2.29 million US dollars

Grammy Award winner The Weeknd (bonsai brother) released its new music in the form of NFT series through Nifty Gateway, and the auction sales reached 2.29 million US dollars. The auction includes three public editions, two silent auctions and two raffles. The cheapest entry sold for $100, while the others were sold to the highest bidder. The public release, which featured excerpts from The Weeknd's unreleased track, raised $1.4 million in the 15-minute sales window. Bidding for an NFT featuring an animated video of the full song lasted 24 hours and sold for $490,000 on Sunday night. On the public edition, the auction sold a total of 2.29 million US dollars.

Important Economic News

▌Fed Mester: Inflation is expected to be high in the next few months, but it will not last

The Fed's Mester said that inflation is expected to be high in the coming months, but high inflation will not last. The temporary rise in inflation caused by supply-side problems is likely to persist for about six months.

▌Fed Watch: The probability that the Fed will maintain interest rates in the range of 0%-0.25% in April is 98.3%

According to CME "Fed Watch", the probability of the Fed maintaining interest rates in the range of 0%-0.25% in April is 98.3%, and the probability of raising interest rates by 25 basis points to the range of 0.25%-0.50% is 1.7%; in June, the probability of maintaining interest rates at 0% The probability of a -0.25% range is 94.4%, the probability of a 25 basis point hike is 5.5%, and the probability of a 50 basis point hike is 0.1%.

Golden Encyclopedia

▌Golden Encyclopedia丨Inventory of mainstream products in the digital currency wealth management market

Baby products are products that users can transfer idle digital currency assets into. Products similar to Yu’e Bao have appeared in the market since last year. They are favored by the market due to their simple operation and high flexibility.

Staking is a POS and POS-like consensus mechanism that earns income by staking and locking positions. The source of income is mainly the inflation mechanism in the digital asset system, and holding currency to earn interest is the most important application.

Cloud computing power mining is an indirect mining investment form in which users obtain cryptocurrency income by purchasing computing power.

The digital currency index fund is to apply the strategy of the index fund in the traditional financial market to the digital currency field. By purchasing the digital currency index fund, investors can indirectly hold the digital currency without directly buying it, and closely track the changes in the index, thereby Enjoy exponential returns.

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