Golden Morning Post | US Senate Confirms Gary Gensler as SEC Chairman

Headline

▌U.S. Senate Confirms Gary Gensler as SEC Chairman

Jinse Finance reported that the U.S. Senate confirmed Gary Gensler as chairman of the U.S. Securities and Exchange Commission (SEC). Gensler, who was nominated for the position by U.S. President Joe Biden in January, previously ran the Commodity Futures Trading Commission (CFTC), where he oversaw new rules on derivatives after the 2008 financial crisis. As SEC chairman, he will have ample opportunity to create regulations specific to the cryptocurrency industry, or determine how existing regulations should be applied. “Bitcoin and other cryptocurrencies bring new ideas to payments and financial inclusion, but they also present new investor protections that we still need to focus on,” Gensler said during his Senate Banking Committee confirmation hearing last month. Question. If confirmed as SEC Chairman, I will work with other commissioners to promote new innovations, while also ensuring investor protection is at the core.”

Market

As of press time, according to Huobi global data:

The latest transaction price of BTC is 62868.88 US dollars, with an intraday increase and decrease of -0.27%;

The latest transaction price of ETH is 2435.87 US dollars, with an intraday increase and decrease of +3.83%;

Golden Noon News | A list of important developments at noon on April 24: 7:00-12:00 Keywords: blockchain patents, USDT pre-issued, Bitcoin halving

1. The number of Alipay blockchain patents reached 2,344, ranking first and Tencent second.

2. TEDA added 360 million USDT pre-issuance transactions to the additional issuance transaction pool last night.

3. The number of new ETH addresses reached 4017.625, a three-month high.

4. Google Trends: The search-zce interest for "Bitcoin halving" hit a record high.

5. Bucheon, South Korea applies a blockchain-based smart parking management system.

6. Blockchain Capital submits registration documents for issuing exempt securities to the US SEC.

7. The Stellar Development Foundation announced the addition of two new board members.

8. The USDT premium rate has dropped to 0.42%.

9. Poloniex is down again and the current service has been restored. [2020/4/24]

The latest transaction price of BCH is 821.83 US dollars, with an intraday increase and decrease of +3.42%;

The latest transaction price of BSV is 334.04 US dollars, with an intraday increase and decrease of +8.35%;

The most recent transaction price of EOS is $7.75, with an intraday increase and decrease of +4.50%;

Golden Noon News | March 16 at noon list of important developments: 7:00-12:00 Keywords: Federal Reserve, EthCC, Penguin, Baidu, Libra, MakerDAO

1. The Fed cut interest rates to zero, and the crypto community is bullish.

2. The former chairman of the US CFTC: CBDC can provide a new way to deal with fiscal and currency crises.

3. Thirteen of the EthCC participants have been diagnosed with the novel coronavirus.

4. The Yunnan Provincial Blockchain Center was listed, and 24 blockchain companies such as Alibaba settled in the first batch.

5. Tencent Penguin 2019 Copyright Protection Report: Continue to make efforts to confirm rights and obtain evidence through blockchain.

6. Baidu operation and maintenance staff illegally controlled 155 servers for "mining" and was sentenced to three years in prison.

7. Bison Trails CEO: Libra Association is busy with token launch and other preparations.

8. MakerDAO will add a collateral auction circuit breaker mechanism tomorrow.

9. BTC is currently at $5,284, up 0.92% in the past 24 hours, with a market value of $96.425 billion. [2020/3/16]

The latest transaction price of LTC is 278.37 US dollars, with an intraday increase and decrease of +4.83%;

DOT's recent transaction price was $42.56, with an intraday increase and decrease of +2.30%.

Golden Relativity | Franklyn Richards: Lightning Network can achieve inter-network interactivity: In this issue of Golden Relativity "Lightning Network: Hello, TPS", Tong Yang, a partner of Golden Finance, talked with Litecoin Haus CEO Franklyn Richards, regarding the support of Lightning Network The cryptocurrency payment system, how to deal with the impact of price changes, so that it can be commercialized on a large scale. Franklyn Richards said it's best that people don't have to see and understand the encryption behind the app to use it. We don't care about how to pay for things that we can already pay through other payment methods. The Lightning Network can achieve interoperability between networks. The future I see is that cryptocurrencies become a similar type of form to be used, and this conversion It's done completely behind the scenes. Institutions will use cryptocurrencies because they are cheaper, faster, and programmable. We can already see that Bakkt, Nasdaq, and fidelity have begun to join this cryptocurrency race, even if cryptocurrencies do not Stable, users can still get stable value. I think another important point is the nodes, they are likely to be embedded in a lot of things, the network will further develop and decentralize. The overall external infrastructure is under construction, and the Lightning Network is only a part of it. [2019/3/7]

Policies

Quotes| Golden Disk: Everyone depends on BTC's "face": Golden Disk Analysis: BTC never breaks through the trend line, causing the market to loosen. XRP becomes the first victim, and the bulls leave the market, bringing a 5.99% drop. The top fifteen tokens XRM and TRX rose slightly. Remind investors to view market fluctuations rationally and do a good job in risk control. (Log in to Jinse Finance APP—Discovery to view exclusive reviews of more currencies.) [2018/10/7]

▌EU report: Investigators of organized crime in risky areas such as encrypted transactions need to digitize their operations

On April 14, the European Commission published a new strategy for combating an increasingly digitalized organized crime ecosystem. Specific risk areas cited in the report include cryptocurrency trading, dark markets and malware, among others. The report argues that investigators need to digitize their operations. “To detect and prosecute organized crime, investigators need to detect suspicious online activity, track criminal virtual currency transactions, understand what they find (data can be encrypted or must be placed with other data), preserve data and Use it as electronic evidence in court."

▌Federal Reserve Chairman: We believe that encrypted assets are a tool for speculation

Federal Reserve Chairman Jerome Powell delivered a speech today at the Economic Club of Washington. Powell said that we believe that encrypted assets are a tool for speculation. Cryptocurrency is a speculative tool like gold, and encrypted assets are not actively used as payment.

Analysis | Golden disk: BTC/USDT shrinks and rebounds: Analysts on the golden disk said: BTC/USDT experienced a bottoming rebound trend in the afternoon, with the lowest drop to 7270, and was supported by the support line. After rebounding to 7420, it was blocked and fell back, 2 The hourly MACD is diverging. [2018/8/3]

Cryptocurrency

▌U.S. stocks closed Coinbase closed up 31.31% on the first day

U.S. stocks closed, and the Dow and S&P 500 hit new intraday highs. The Dow initially closed up about 50 points; the trading platform Coinbase closed up 31.31% on the first day, closing at $328.28. On a fully diluted basis of 261.3 million common shares, Coinbase is valued at approximately $85.7 billion. Based on a total of 109.2 million shares outstanding, Coinbase is valued at approximately $65.4 billion.

▌Coinbase's trading volume on the first day of listing exceeded 10 billion US dollars

On the first day of listing, the turnover of Coinbase exceeded 10 billion US dollars, and the turnover rate reached 24%. It once rose by more than 70% during the session.

▌Coinbase CFO: Coinbase is exploring NFT as a potential new business line

Coinbase Chief Financial Officer Alesia Haas said that Coinbase is exploring NFT as a potential new line of business. Haas said that NFTs are a natural fit for Coinbase's platform, and that NFTs could provide the company with a new source of transaction fees. Haas did not elaborate on when Coinbase could offer NFTs, or whether the company plans to build a marketplace for original NFT artwork in Nifty Gateway or Foundation, or just act as an NFT resale forum.

▌Fed Vice Chairman: Cryptocurrency is not a store of value

Federal Reserve Vice Chairman Clarida said that cryptocurrencies are not a store of value.

▌Fed Vice Chairman: The Fed will keep interest rates low for a long time

Federal Reserve Vice Chairman Clarida said that the Fed will keep interest rates low for a long time and delay raising interest rates.

▌Coinbase CFO: Coinbase will continue to diversify its products

Jinse Finance reported that Coinbase Chief Financial Officer Alesia Haas said that Coinbase's business cannot be classified into one category. Haas said: "We are focused on long-term growth, and we will continue to diversify our products. Today we are focused on investing, but what is interesting is that we see more than 20% of users using multiple products, from staking to earning, and then to staking. to borrow."

▌Goldman Sachs CEO: Cryptocurrency is crucial to the future of the global financial system

Golden Finance reported that Goldman Sachs (Goldman Sachs) CEO David Solomon talked about the importance of Bitcoin and cryptocurrencies in Wednesday's earnings conference call, which shows how important the encryption market has become to Wall Street's top banks. “We are always looking for ways to expand our capabilities to meet the needs of our clients,” Solomon said. While the bank cannot in principle trade bitcoin, cryptocurrencies are “critical to the future of the global financial system.”

▌The first inverse Bitcoin ETF will be listed on the Toronto Stock Exchange

The first inverse bitcoin exchange-traded fund (ETF) will list on the Toronto Stock Exchange (TSX) on Thursday. According to the statement, the Horizons ETF will launch a fund (symbol BITI) that will allow investors to short bitcoin futures. Todd Rosenbluth, director of ETF research at CFRA Research, said that many investors are bullish on Bitcoin, and this new ETF will provide opportunities for those who believe that the current price is unreasonable and that Bitcoin is overdue for a correction. It is reported that the inverse Bitcoin ETF will provide up to 100% of the daily inverse index performance and will charge a management fee of 1.45%, while the sister product BetaPro Bitcoin ETF (HBIT), which will be listed on Thursday, will charge 1.00% , and track Bitcoin futures.

▌Initialized Capital founder’s early investment in Coinbase is now worth $2.4 billion

Garry Tan, a famous angel investor and founder of Initialized Capital, invested US$300,000 in Coinbase in 2013. After Coinbase went public, his holdings were worth US$2.4 billion.

▌Dallas Mavericks owner: The Mavericks will permanently hold Dogecoin on the balance sheet

The NBA's Dallas Mavericks have seen an increase in the number of customers using Dogecoin to purchase team merchandise, with sales reaching approximately 122,000 DOGE. Dallas Mavericks owner and billionaire Mark Cuban said the Mavericks will permanently hold Dogecoin on their balance sheet.

▌FTSE Russell: Coinbase does not qualify for quick inclusion in the FTSE Russell Global Equity Index Series

FTSE Russell said Coinbase was not eligible for fast-track inclusion in the FTSE Russell Global Equity Index Series (GEIS).

▌WisdomTree Bitcoin ETP has been listed on Deutsche Börse

Golden Finance reported that asset management company WisdomTree Investments announced on Wednesday that it has listed its Bitcoin exchange-traded product (ETP) on Deutsche Börse’s Xetra market. In March, WisdomTree said it had selected Coinbase as the second custodian for the WisdomTree Bitcoin ETP. It is reported that WisdomTree's Bitcoin ETF application is awaiting review by the US SEC.

Key Economic Developments

▌Federal Reserve Chairman: The U.S. economy is at an inflection point and will enter a period of faster growth

Federal Reserve Chairman Powell said that the US economy is at an inflection point and will enter a period of faster growth and more job creation. The chances of a rate hike before the end of next year are very slim, with most Fed officials seeing no rate hike until 2024. Bond purchases are expected to be scaled back ahead of rate hikes. The Fed wants inflation to remain moderately above 2% for some time.

▌Fed’s Beige Book: U.S. economic vitality accelerates to a moderate stage

The Federal Reserve's Beige Book shows that the vitality of the US economy has accelerated to a moderate stage. Job growth picked up, with most districts posting modest increases in headcount.

Golden Encyclopedia

▌One article to understand the difference between contract trading and leveraged trading

The essence of a contract transaction is an agreement that the buyer agrees to receive an asset at a certain price after a certain period of time, and the seller agrees to deliver the asset at a certain price after a certain period of time. Leverage trading is an investment that uses a small amount of funds to obtain returns that are several times the original amount.

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