It's boiling, Bitcoin has reached a new high, 130,000 people have liquidated their positions, and Tesla's beautiful pictures have made a lot of money

Original title-zce "Boiling! Bitcoin reached a new high, 130,000 people broke their positions, but these two companies made a lot of money! A $100 Billion Cryptocurrency Exchange Is Listed Today »

On April 13, the price of Bitcoin hit another record high, breaking through the $63,000 mark for the first time, with an increase of more than 5% within 24 hours.

On the news, Coinbase, the largest cryptocurrency exchange in the United States, will be directly listed on the NASDAQ exchange on April 14, and it will soon become the first cryptocurrency platform in the United States. Currently, Coinbase is valued at as much as $100 billion.

The sharp fluctuations in the price of cryptocurrencies have also led to a sharp increase in the amount of liquidation. According to the data of Bitcoin Home, in the past 24 hours, a total of 135,400 people have liquidated their positions in the cryptocurrency market, and the amount of liquidated positions has reached as high as 928 million US dollars, or about 6.075 billion yuan.

On April 13, the cryptocurrency market was boiling again. The price of Bitcoin broke through the $63,000 mark for the first time, hitting a new record high, with an increase of more than 5% within 24 hours; Ethereum also broke through $2,200 per piece, hitting a record high, 24 An hourly increase of more than 6%.

The sharp fluctuations in the price of cryptocurrencies have also led to a sharp increase in the amount of liquidation. According to the data of Bitcoin Home, in the past 24 hours, a total of 135,400 people have liquidated their positions in the cryptocurrency market, and the amount of liquidated positions has reached as high as 928 million US dollars, or about 6.075 billion yuan. The largest single liquidation order occurred on Bitmex-XBTUSD, a liquidation amounted to 10 million US dollars, or approximately RMB 65.49 million.

The carbon inclusive platform "Shanghai Carbon Bank" with digital RMB settlement and blockchain deposit certificates is online: Jinse Finance reported that in December this year, the Shanghai Municipal Bureau of Ecology and Environment issued the "Shanghai Carbon Inclusive System Construction Work Plan" and proposed to build a carbon inclusive Hui platform, on December 26, the carbon inclusive platform "Shanghai Carbon Bank" settled in digital renminbi was launched, and users' daily low-carbon behavior income can be converted into digital renminbi in real time. In addition, in order to make carbon assets visible, available, and measurable, blockchain deposit certificates and smart contracts are used to realize that carbon asset data cannot be changed without human intervention. [2022/12/26 22:08:56]

On the news, Coinbase, the largest cryptocurrency exchange in the United States, will be directly listed on the NASDAQ exchange on April 14, and it will soon become the first cryptocurrency platform in the United States. At present, Coinbase is valued at as high as 100 billion US dollars, more than the sum of the old exchanges New York Stock Exchange and Nasdaq.

The document shows that for the full year of 2020, Coinbase achieved revenue of US$1.277 billion, a year-on-year increase of 128%; net profit was US$322 million. About 85.8% of Coinbase’s revenue comes from customer transaction fees. In 2020, Coinbase’s cryptocurrency trading volume was approximately $193 billion, a 141.7% increase from 2019. As of December 31, 2020, the number of verified users of the platform was 43 million, a year-on-year increase of 34.4%.

A-share closing: Shenzhen Stock Exchange Blockchain 50 Index fell 0.29%: Golden Financial News, A-shares closed, the Shanghai Composite Index closed at 3068.41 points, closing down 0.17%, Shenzhen Component Index closed at 10912.09 points, closing down 0.34%, Shenzhen Stock Exchange District The Blockchain 50 Index reported 2712.85 points, closing down 0.29%. The blockchain sector closed down 0.92%, and the digital currency sector closed down 1.45%. [2022/12/21 21:58:38]

Since 2021, the price of cryptocurrencies has continued to rise at an accelerated rate, and the number of users and profitability of Coinbase have also increased significantly. The latest financial report shows that in the first quarter of this year, Coinbase added 13 million new users, and the total number of registered users reached 56 million; Revenue; net profit in the first quarter was 730 to 800 million US dollars, a surge of nearly 25 times compared with 31.9 million US dollars in the same period last year.

Coinbase said it expects trading and custody revenue to drive significant growth in the company's performance in 2021, given institutional investors' increased interest in encrypted assets.

Visa may participate in Ripple's technology partner Airwallex's US$150 million financing: July 26 news, global payment giant Visa is participating in Ripple's remittance technology partner, Australian financial technology startup Airwallex (air cloud exchange) E-round financing open discussion.

It is reported that Airwallex plans to increase its financing target from US$100 million to US$150 million through this financing. In addition to Visa, several existing shareholders of Airwallex may also participate in the new round of financing. (Bloomberg) [2022/7/26 2:38:37]

Analysts believe that with the continuous entry of traditional financial institutions and Internet giants, the value of the cryptocurrency field continues to expand. The successful listing of Coinbase will make investors in the traditional field pay more attention to the cryptocurrency market.

As of the press time of the brokerage China reporter, the price of Bitcoin was reported at 63,193 US dollars per coin, up 5.28% within 24 hours, and its market value was approaching 1.2 trillion US dollars, or about 7.94 trillion yuan. Sixth, it is second only to Apple, Microsoft, Saudi Aramco, Amazon, and Google, and exceeds the market value of companies such as Facebook, Tencent, Tesla, and Alibaba.

A new proposal from the Bitcoin community proposes to improve the BIP review process: Jinse Finance reported that Bitcoin core developer Jeremy Rubin proposed a Bitcoin improvement proposal BIP119 to improve the quality of Bitcoin's decentralized decision-making. The proposal is currently under discussion. This BIP proposes a change to the BIP deliberation process by proposing a set of high standards for BIP documents and adopting these open standards as a de facto minimum quality standard for BIP to be considered for broader discussion. In addition, the proposal proposes a proposal tracker to increase the clarity of the BIP process, each proposal tracker should contain the following sections: History, Description, Resources, Costs and Risks, Benefits, Alternatives, Activation, and Postmortem Analysis. (Bitcoin Magazine)[2022/5/5 2:51:49]

Earlier on February 8, Tesla submitted documents to the US Securities and Exchange Commission showing that the company purchased $1.5 billion worth of bitcoin. According to estimates, the cost of buying Bitcoin for Tesla is less than 35,000 US dollars. As of now, Tesla’s floating profit has exceeded 80%, and the floating profit amount has exceeded 1.2 billion US dollars (about 7.9 billion yuan). For all of last year, Tesla's net profit was $721 million. This means that the money Tesla makes from “coin speculation” is 66% higher than the net profit from car manufacturing for the whole year of 2020.

President of the European Central Bank: Inflation at the current stage will last longer than expected: According to news on October 28, Lagarde, President of the European Central Bank, said that inflation at the current stage will last longer than expected. Risks to the economic outlook are broadly balanced as demand recovers faster than supply constraints. (Golden Ten) [2021/10/28 6:18:10]

Tesla CEO Musk is known as the "carrying king" of Bitcoin. At the end of January this year, after Musk changed his Twitter profile to "Bitcoin", Bitcoin rose by nearly 20% in a single day. On February 8, after the document of Tesla’s purchase of bitcoin was made public, the price of bitcoin skyrocketed again. On that day, bitcoin rose by as much as 18.8%, breaking through $46,000 per coin. On March 24, Musk announced on Twitter that Tesla can be purchased with Bitcoin, and the Bitcoin paid to Tesla will be retained as Bitcoin instead of being converted into legal tender.

Cai Wensheng, chairman of Meitu, is also a loyal fan of Bitcoin. Meitu, a Hong Kong-listed company under its subsidiary, has purchased cryptocurrencies three times in a row.

On March 8, Meitu, the parent company of Meitu Xiuxiu, a Hong Kong-listed company, announced in a high-profile manner that it had purchased 15,000 Ethereum and 379 Bitcoin (BTC) on March 5. The total consideration is approximately US$22.1 million and US$17.9 million respectively, for a total of US$40 million (approximately RMB 260 million).

Later, Cai Wensheng posted in the circle of friends that Meitu continued to lay out the blockchain. Cai Wensheng said: "Someone must be the first to eat crabs. This should be the first Hong Kong listed company to purchase BTC digital currency, and it can also be regarded as the world's first listed company to use ETH as a currency value reserve."

On March 17, Meitu purchased 16,000 ethers and 3,860,858 bitcoins through its wholly-owned subsidiary, Miracle Vision, for a total consideration of US$28.4 million and US$21.6 million, respectively.

On April 8, Miracle Vision purchased a further 175.678 units of Bitcoin for a total consideration of approximately $10 million.

As of April 8, Meitu has accumulated net purchases of cryptocurrencies worth approximately US$100 million. According to estimates, Meitu spent a total of 49.5 million US dollars to purchase 940.885 bitcoins, the cost was about 52,600 US dollars per piece, the floating profit ratio was 20%, and the floating profit amount was 9.97 million US dollars (about 65.28 million yuan);

In addition, Meitu spent a total of 50.5 million US dollars to purchase 31,000 ether coins, the cost was about 1629 US dollars per coin, the floating profit ratio was 36.46%, and the floating profit amount was 18.41 million US dollars (about 121 million yuan). This means that Meitu’s investment in Bitcoin and Ethereum has made a floating profit of 186 million yuan, which is three times the net profit of Meitu’s 2020 full year of 60.9 million yuan.

Regarding the reasons for purchasing cryptocurrencies, the board of directors of Meitu stated that cryptocurrencies have sufficient room for appreciation, and by allocating part of its cash reserves to cryptocurrencies at this time, it can be used to diversify the risk of holding cash in fund management (due to The depreciation pressure generated by the substantial increase in money supply by central banks around the world in terms of fund management).

More importantly, the board of directors of Meitu believes that this can demonstrate to investors and stakeholders the ambition and determination of the Group to embrace technological innovation, thereby preparing for entering the blockchain industry.

As more and more institutional investors (including traditional financial institutions and Internet companies) enter the market, the cryptocurrency market is also rising. Since last year, the price of cryptocurrency has continued to rise. Bitcoin has risen from US$71.95 million per coin in early 2020 to US$63193.62 per coin today, an increase of 7.78 times. Recently, the global cryptocurrency market value hit a new high of 2 trillion US dollars.

It is worth noting that cryptocurrencies such as Bitcoin are speculative assets that have neither the credit of national sovereignty nor the status of legal tender, and their application prospects are very uncertain.

Regulatory authorities have made it clear that from the perspective that Bitcoin is a specific virtual commodity, there may be a high risk of speculation, a high risk of money laundering, and the risk of being used by criminals or organizations.

Jesse Powell, chief executive of U.S. virtual currency trading giant Kraken, has warned that governments may start cracking down on virtual currencies such as bitcoin. Powell said that the virtual currency market still faces many uncertain factors of government regulation, and these hidden worries will not dissipate in the short term.

Citi's recent report also pointed out that for digital currencies, changes in regulatory policies are the biggest risk. If regulations are tightened, some speculative funds will return to the gold market.

Federal Reserve Chairman Powell recently stated that cryptocurrencies have no value support, and encrypted assets are highly volatile and speculative. Currently, the regulation of global stablecoins is not in place and cannot be used as a substitute for the US dollar.

Dong Dengxin, director of the Finance and Securities Research Institute of Wuhan University of Science and Technology, believes that Bitcoin, as a new thing, has its technical content-zce to a certain extent. However, using it as an investment application will still have great risks. It is recommended that ordinary people without relevant professional knowledge should not blindly follow the trend to "be stupid" and "pass the drums". At the same time, we must also see that the central banks of various countries are currently promoting the digitization of their national currencies, so the chances of legal use of Bitcoin in the future are very small.

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