Golden Morning Post | The market value of Ethereum surpassed Wal-Mart and ranked 17th in global assets

Headline

▌The market value of Ethereum has exceeded 400 billion U.S. dollars, surpassing Wal-Mart

Jinse Finance reported that according to AssetDash data, the market value of Ethereum has risen to the 17th place in global assets, surpassing Wal-Mart and approaching Samsung and Johnson & Johnson. The market capitalization of Ethereum is currently about $406.078 billion.

▌As of press time, according to Huobi global data:

BTC's recent transaction price was US$57,419, with an intraday increase or decrease of -0.36%;

The latest transaction price of ETH is 3521 US dollars, with an intraday increase and decrease of +6.53%;

The recent transaction price of BCH is 1450 US dollars, with an intraday increase and decrease of +12.28%;

BSV's recent transaction price was $423, with an intraday increase and decrease of +4.19%;

The latest transaction price of EOS is US$8.82, with an intraday increase and decrease of +11.38%;

The latest transaction price of LTC is 356 US dollars, with an intraday increase and decrease of +1.13%;

Jinse Finance Mining Earnings Broadcast丨Today’s network computing power has risen by about 2.59%: Jinse Finance reported that according to OKEx mining pool data, today’s BTC network computing power is about 92.39EH/s, and the difficulty of the whole network is about 15.14T. The current BTC block High 632001.

Today, the computing power of the entire network has risen by about 2.59%, and this figure will continue to rise as the venues are put into use during the wet season. Current BTC earnings (PPS): 0.00000831BTC/T/day. It is predicted that the next difficulty will be 12.86T (-15.06%), and there are still 8 days left before the adjustment. [2020/5/28]

DOT's recent transaction price was US$40.42, with an intraday increase and decrease of +4.06%.

▌U.S. court allows IRS to seek Kraken customer information

Jinse Finance reported that a U.S. federal court has authorized the U.S. Internal Revenue Service (IRS) to issue a John Doe subpoena to crypto exchange Kraken to seek the identities of U.S. taxpayers who use cryptocurrencies. Previously, the IRS filed a petition with the U.S. District Court for the Northern District of California in April to obtain the judge's approval of John Doe's subpoena, seeking to obtain customers with at least $20,000 in cryptocurrency transactions between 2016 and 2020. Record. The IRS is also seeking to obtain Circle's customer records.

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]

▌Ministry of Planning and Finance of South Korea: Profit from crypto mining is also taxable

South Korea’s Ministry of Strategy and Finance stated that profits obtained through cryptocurrency mining are also subject to taxation. Cryptocurrency mining profits minus electricity costs are the basis for taxation of income. Taxpayers must personally prove how much electricity is spent on cryptocurrency mining. Earlier news in February, according to a statement issued by South Korea’s planning and finance, the government will classify income generated by investing in encrypted assets as other income from next year and tax it at a rate of 20%, with a basic deduction of 2.5 million won. .

Analysis | Golden Disk: The short-term upward trend of BTC/USD is obvious: Comprehensive analysis of the golden disk: BTC/USD maintains an upward movement in the channel on the 1-hour K-line chart. It is recommended to continue to pay attention to its upward strength at night. [2018/8/24]

▌The Bahamas will launch the central bank's digital currency Sand Dollar in the summer

According to Cointelegraph, John Rolle, Governor of the Central Bank of the Bahamas (CBOB), said that the Bahamas will start promoting the adoption of the central bank's digital currency Sand Dollar this summer. CBOB is now focusing on connecting the Sand Dollar wallet with the commercial banking system.

▌California Electricity Supplier PG&E Joins MouseBelt Blockchain Accelerator

Jinse Finance reported that California electricity provider PG&E has joined the MouseBelt blockchain accelerator. The utility, which in most cases is the largest in the U.S., said it is researching use cases for blockchain technology and looking for “cooperation opportunities” through the MouseBelt Blockchain Education Alliance.

Analysis | Golden disk: ZLA/BTC rises and falls rapidly in the short term: analysts on the golden disk said: ZLA/BTC rises and falls rapidly in the short term, with large amplitudes, pay attention to risks, the upper pressure level is 0.00001140, and the lower support level is 0.00000919. [2018/8/6]

▌Grayscale’s total assets under management reached USD 49.8 billion

Jinse Finance reported that according to the official Twitter news, as of May 5, Eastern Time, the total asset management scale of Grayscale reached 49.8 billion US dollars. The Bitcoin Trust (GBTC) traded at $46.06 per share, up 3.86% from the previous day; the Ethereum Trust (ETHE) traded at $34.43 per share, up 7.67% from the previous day.

▌PayPal’s first-quarter revenue fell slightly to $5.62 billion, part of which came from cryptocurrency services

Jinse Finance reported that in the first quarter of 2021, PayPal's (PYPL) transaction revenue dropped slightly to US$5.62 billion from US$5.68 billion in the fourth quarter. PayPal's transaction revenue rose 33% year-over-year, up from $4.22 billion in the first quarter of 2020. Part of that revenue comes from its cryptocurrency buying, selling and holding services.

Jinse Finance Live Report Zhang Yingdong, Chairman of the Anti-Fraud Center of China Electronic Commerce Association: Join Hands to Build a Credit Platform: Jinse Finance Live Report, at the 2018 World's First World Blockchain Technology Expo, Zhang Yingdong, Chairman of the China Electronic Commerce Association Anti-Fraud Center gave a speech on the spot. He pointed out: In the field of financial technology, what is lacking most at present is the construction of culture. We know how to build a system based on financial attributes, but we ignore how to integrate it into the cultural level. I hope that all my colleagues will work together to build a credit platform. [2018/4/22]

▌Latin American e-commerce giant has purchased $7.8 million in bitcoin

Jinse Finance reported that Latin American e-commerce giant MercadoLibre disclosed on Wednesday that it bought Bitcoin for $7.8 million. The company said the purchase occurred last quarter as part of its fiscal strategy. MercadoLibre began accepting bitcoin for real estate purchases in late April.

▌Uniswap V3 mainnet has been launched

Jinse Finance reported that according to official sources, Uniswap v3 has been deployed to the Ethereum mainnet. According to the official article, Uniswap v3 is the most powerful version of the protocol to date, centralized liquidity provides unprecedented capital efficiency for liquidity providers, better execution for traders, and decentralized finance core infrastructure.

▌KFC Canada says it accepts Dogecoin payments

Jinse Finance reported that the Canadian branch of KFC said on Twitter that it accepts cash, cards and Dogecoin. It is reported that as early as January 2018, KFC Canada began to promote "bitcoin buckets", which can be purchased with BTC through BitPay. But it was just a temporary marketing stunt at the time.

▌DeFi protocol Value DeFi has been hacked

According to the news on May 5, the DeFi protocol Value DeFi was attacked by hackers. PeckShield "Paid Shield" located and tracked and found that the attack originated from a code vulnerability in Value DeFi's ProfitSharingRewardPool contract, and its vStake pool was affected. PeckShield reminds investors to invest cautiously.

▌LTC computing power reached 350.71TH/s, a new high in a year

According to data from OKLink, the computing power of Litecoin continues to rise, and the average computing power in the past seven days has reached 350.71TH/s, a new high since August 2019.

▌The total market value of USDT exceeded 53 billion US dollars

Tether's official data shows that the total market value of USDT has exceeded 53 billion US dollars, and it is currently about 53.02 billion US dollars.

▌Ethereum 2.0 pledge address balance exceeds 4.2 million pieces

According to OKLink data, the current Ethereum 2.0 deposit contract address has received 4201890.0 ETH, and the pledged amount exceeds 4.2 million.

Key Economic Developments

▌Fed Vice Chairman: Inflation is expected to be close to 2%

Federal Reserve Vice Chairman Clarida said that the basic view is that the economy will not overheat. If unforeseen inflationary pressures are seen, tools will be used to reduce inflation. Expect inflation to be closer to 2%, but be wary. As the economy reopens, there will be upward pressure on inflation, but over time, these pressures will resolve. The data tell us that inflation won't last long. In addition, the economy is expected to grow by 7% this year.

▌U.S. 10-year treasury bond yield hits daily low

The U.S. 10-year Treasury yield refreshed as low as 1.585%.

Golden Encyclopedia

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

As the most active-zce development platform in the blockchain world, the Ethereum network suffers from daily congestion and higher transaction fees, making the applications and users in the ecosystem miserable.

In recent years, more and more blockchain researchers and developers have devoted themselves to the research of the underlying technology, trying various technical means to improve the entire network status. There are technical solutions for Layer 1, such as the sharding technology of ETH 2.0, which improves the block generation efficiency of the network by modifying or optimizing the consensus network of the blockchain, thereby speeding up the block confirmation time and achieving the purpose of fast transaction chaining; There are also technical solutions for Layer 2. On the premise of keeping the functions of Layer 1 simple enough, powerful and stable, some calculations and operations that were originally performed on Layer 1 are placed off-chain.

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

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