Golden Morning Post | Bloomberg: The Biden administration is stepping up research on digital renminbi.

Headline

▌Bloomberg: The Biden administration is stepping up research on digital renminbi

The Biden administration is stepping up scrutiny and research on China's digital yuan plan. China's digital currency is booming, and officials in the United States are stepping up efforts to understand the potential implications, people familiar with the matter said. People familiar with the matter said they were less concerned about immediate challenges to the current global financial architecture, but eager to understand how the digital yuan would be distributed.

Market

As of press time, according to Huobi global data:

The latest transaction price of BTC is 59910.34 US dollars, with an intraday increase and decrease of +0.41%;

The latest transaction price of ETH is 2140.48 US dollars, with an intraday increase and decrease of -0.35%;

The latest transaction price of BCH is 687.83 US dollars, with an intraday increase and decrease of +0.47%;

The latest transaction price of BSV is US$274.43, with an intraday increase and decrease of +0.28%;

EOS recently traded at $6.72, an intraday change of -0.21%;

Golden Evening News | A list of important news on the evening of April 3: 12:00-21:00 Keywords: central bank, digital currency, Ministry of Industry and Information Technology, Japan, Bakkt

1. Central Bank: Strengthen the top-level design and unswervingly promote the research and development of legal digital currency.

2. The central bank will target small and medium-sized banks to lower the RRR in April, and lower the interest rate on excess deposit reserves of financial institutions in the central bank.

3. The Ministry of Industry and Information Technology launched the application for new information consumption demonstration projects, oriented to cutting-edge technologies such as blockchain.

4. Japan's revised Fund Settlement Law, which includes regulations related to virtual currencies, will come into effect on May 1.

5. Deputy Governor of the Central Bank of Russia: The central bank is negotiating with other regulators on the issue of global stablecoins.

6. Ministry of Science and Technology: Increase support for key core technologies such as blockchain.

7. Data: The trading volume of CME and Bakkt rose to 595 million US dollars and 27 million US dollars respectively yesterday.

8. Report: The country with the most online new coins in March is the United States, and the country with the most delisted projects is South Korea. [2020/4/3]

The latest transaction price of LTC is 248.66 US dollars, with an intraday increase and decrease of -1.54%;

DOT's recent transaction price was $41.36, with an intraday increase and decrease of +2.40%.

Jinse Finance mining data broadcast | BSV network computing power dropped by 3.70% today: Jinse Finance reported, according to the data of Spider Mine Pool:

The computing power of the entire ETH network is 182.096TH/s, the mining difficulty is 2347.31T, the current block height is 9659970, and the theoretical income is 0.00736163/100MH/day.

The computing power of the BTC network is 115.622EH/s, the mining difficulty is 16.55T, the current block height is 621415, and the theoretical income is 0.00001519/T/day.

The computing power of BSV network is 2.781EH/s, the mining difficulty is 0.39T, the current block height is 625961, and the theoretical income is 0.00064723/T/day. [2020/3/13]

Policies

▌Fed Chairman Powell: Digital currency may bring benefits

Federal Reserve Chairman Powell: Digital currency may bring benefits, but involves a series of "delicate and complex" issues.

▌Nigeria suspends identity verification government services for financial technology companies Encryption companies may not be able to recruit new customers

The Nigerian government on Friday suspended the identity verification system for fintech companies. While they wait for the government to install the revised identity system, fintech companies cannot legally recruit new customers or must switch to services that do not require identity checks. For crypto companies, it's yet another hurdle. Analysts say this is likely to be related to the government's desire to simplify identity verification.

Analysis | Analysts on the golden disk remind XRP to pay attention to short-term risks: XRP-BTC has a large short-term increase, touches the 18-day line and falls back, and pays attention to risks in the short-term. [2018/8/1]

Blockchain Application

▌Shenzhen Longhua District will build a digital economy pioneer zone with the support of blockchain

Recently, "Shenzhen Longhua District Blockchain Incubator" and "Shenzhen Longhua District Digital Economy Industry Association" were unveiled. Longhua District has signed contracts with 12 blockchain incubators including Shenzhen Tencent Digital Economy, Daoyi Information Technology, Qulian Technology, and Defang Zhilian. Next, Longhua will seize the major historical development opportunities of "dual district construction" and "digital economy", adhere to the main line of digital industrialization, industrial digitalization, governance digitalization, and digital value, and use artificial intelligence, blockchain and other technologies as the core Support, vigorously cultivate new technologies, new formats, and new models of the digital economy industry, actively expand the application market, improve the industrial ecology, focus on improving the development level of the digital economy, and comprehensively build a digital economy pioneer zone.

▌Founder of Galaxy Digital: If the digital dollar is not developed, the United States will be seriously behind

Golden Finance exclusively reported that Liao Xiang, the founder of Bit Gold, once again responded to the double-spending attack: By temporarily increasing the number of confirmations to more than 20 times, the attack has been invalidated: Golden Finance exclusively reported that Liao Xiang, the founder of Bit Gold, once again responded to the double-spending attack : "First of all: thank the community for their support of the Bit Gold BTG project;

Secondly, Bitcoin Gold is an open source, non-profit project, and the POW mechanism has the possibility of being attacked by 51%. The development team, honest miners, exchanges, and currency holders need to cooperate closely;

Again: After the double spend occurred, the team quickly detected the data, worked closely with the exchanges, and temporarily increased the number of confirmations to more than 20, which has made the attack invalid. The team has been working on the upgrade of the mining algorithm since April, and is implementing the upgrade of the mining algorithm to completely eliminate 51% attacks technically; 51% attacks are criminal acts. The team is working with major exchanges to collect evidence. Cooperate with the FBI first.

In the end, this attack was the first successful 51% attack. Highlight the importance of decentralized miners to the ecology. Only by eliminating the possibility of doing evil technically can it be possible to completely combat crime. The BitGold team will use our efforts and innovations to make beneficial explorations for the entire community, and more people are welcome to join. Work hard for a more prosperous ecology. Detailed details and analysis will be disclosed later. Thanks again for your support. "[2018/5/24]

Jinse Finance reported that Mike Novogratz, founder of Galaxy Digital, said that a digital dollar is needed. If the United States does not develop a digital dollar in the near future, it will be seriously behind. Novogratz believes that, in many ways, digital assets will be the future of money. As such, he is urging the US to rein in financial markets. He believes the U.S. is falling behind and is at risk of losing its competitive edge. In addition, in response to PayPal co-founder Peter Thiel's remarks that "Bitcoin may become a financial weapon used by China to overthrow the dollar's currency status", Novogratz said that there is no indication that the Chinese government is buying Bitcoin, let alone developing an encryption-based currency. Weapons up.

Jinse Finance Live Report, Wanxiang Blockchain Chief Technology Officer: The biggest difficulty of blockchain is not technology: Jinse Finance live report, in the new finance 100-person forum, Wanxiang Blockchain Chief Technology Officer Luo Rongge said that blockchain The biggest difficulty of the chain is how to find the application scenarios just needed, not the technology, because technology will always find a way to solve it. [2018/4/27]

▌He Keng, Member of the Standing Committee of the Eleventh National People's Congress and Deputy Director of the Finance and Economics Committee: Blockchain technology is the key engine for the development of the digital economy

According to news on April 11, the Global Blockchain Application Summit Forum and 2021 Industry Achievement Reporting Conference hosted by Origin Times was held in Changsha, Hunan Province on April 11. He Keng, member of the Standing Committee of the Eleventh National People's Congress, deputy director of the Financial and Economic Committee, and vice chairman of the Central Committee of the 12th Jiusan Society, delivered an opening speech. He reviewed and summarized the development plan of blockchain technology since the "14th Five-Year Plan" and said that the area The blockchain platform can build a credible collaborative network in the digital economy, making the future digital world safer and more efficient. In the guest sharing session, Guo Dazhi, PhD in Economics from Central University of Finance and Economics, Distinguished Lecturer of Tsinghua Continuing Education School, and former Chief Researcher of Huobi Digital Assets Research Center, delivered a speech on "Blockchain Application and Industrial Chain Development" and said that combining blockchain The technical points and the current policy environment, through the establishment of industry rules to prevent risks, and the introduction of specific rules for the blockchain industry in related fields, such as taxation, are the two main directions emphasized by various countries at present, and "combined use of multiple data technologies"" The restructuring of the industrial chain has led to the emergence of new formats" and "the application of the financial industry" will become the future trend of the blockchain industry chain.

Cryptocurrency

▌U.S. SEC Commissioner: Bitcoin and cryptocurrency markets are maturing

US Securities and Exchange Commission (SEC) Commissioner and "Crypto Mom" Hester Peirce said that the bitcoin and cryptocurrency markets are maturing, and she attributes this maturity to the growing interest of large institutions in the market. She also noted that the market is still producing some "quasi-exchange-traded products," which are characteristic of developing markets.

▌US SEC Commissioner: We have missed the time to ban Bitcoin

Crypto mom Hester Peirce says we're past the point where we can ban bitcoin, and it won't be possible unless the internet is completely shut down. But it would be foolish for the government to do so. She expressed those thoughts at the MarketWatch virtual conference earlier this week.

▌Founder of Bitcoin Advisory: Bitcoin is a "threat" to every asset

Golden Finance reported that Pierre Rochard, founder of Bitcoin Advisory, a Bitcoin consulting firm, tweeted today that Bitcoin is a "threat" to every asset in the world. Currencies, stocks, bonds, real estate, equipment, vehicles, etc., if they appear on the balance sheet, they will underperform Bitcoin.

▌Founder of ARK Fund: Bitcoin may become today's gold standard

Cathie Wood, founder of ARK Fund, said that due to its ability to increase purchasing power, Bitcoin may become the gold standard today.

▌Sibiu University in Romania plans to accept cryptocurrency payment for admission fees

Jinse Finance reported that Romania’s Sibiu University (Lucian Blaga University) stated that it will allow students to use cryptocurrencies to pay admission fees starting in July. Students will reportedly be able to pay in Elrond (EGLD), roughly $1,000 per year for undergraduates, which the university will then convert to Romanian Leu.

▌Bitcoin three-month futures premium hits record 50%

Cointelegraph issued an article stating that Bitcoin has been struggling to break through the $60,000 resistance level for nearly a month. Despite the stalemate, the Bitcoin futures market has never been more bullish. Bitcoin futures contracts expiring in June have traded above $65,000, and Bitcoin futures expiring in December hit $73,500. However, Bitcoin’s three-month contango hit a record 50%, pointing to market inefficiencies. Therefore, although the 50% base premium seems unreasonable, retail traders have no other means to take advantage of their positions. In turn, this can lead to temporary distortions, although not necessarily worrisome from a trading perspective. While high funding rate charges remain, leveraged longs will be forced to liquidate positions due to rising costs. As a result, the $73,500 contract expiring in December does not necessarily reflect investor expectations, and that premium should diminish.

Key Economic Developments

▌Fed Chairman Powell: Indeed hope that inflation will be "moderately" above 2% for a period of time

Federal Reserve Chairman Jerome Powell said that he does hope that inflation will be "moderately" above 2% for a period of time.

Golden Encyclopedia

▌Gold Encyclopedia | What is layer2? Read the Ethereum expansion plan in one article

Ethereum sharding is a performance solution for scaling inside Ethereum, while Layer 2 is a solution for scaling outside the Ethereum blockchain.

So far, among the Layer 2 expansion solutions, the most discussed are ZK Rollup, Optimistic Rollup, Validium and Plasma.

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