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5 must-read articles in the evening | BTC is less likely to make new lows in the short term?



1. Ethereum in the eyes of mainstream institutions: Ethereum may surpass Bitcoin

Over the past year, the ratio of Ethereum’s market capitalization to Bitcoin’s market capitalization has doubled. Ethereum accounts for 18.3% of the total market capitalization of the entire cryptocurrency market, while Bitcoin’s dominance has dropped to 43.8%. click to read

2. Why did Elon Musk suddenly show favor to the encryption community?

Golden Evening News | List of important news on the evening of July 16: 12:00-21:00 Keywords: digital renminbi, central bank, Hong Kong Securities Regulatory Commission, Zhangjiang Science City, supervision

1. Data: The fifth round of Kusama slot auction has locked over 300,000 KSM

2. Central Bank: Digital RMB can be programmed through smart contracts

3. Hong Kong Securities Regulatory Commission: None of Binance’s entities has been licensed or registered

4. Fan Yifei: China Merchants Bank has recently been approved to join the research and development of digital renminbi

5. Binance was warned by the central bank of Lithuania for providing derivatives in Lithuania

6. Korean Congressman: In the first half of this year, more than 200 cryptocurrencies were delisted from 20 exchanges in South Korea

7. The central bank: There are more than 10,000 types of cryptocurrencies, and there are potential risks that threaten financial security and social stability

8. Zhangjiang Science City: Promote the deep integration of blockchain and modern manufacturing, business finance and other fields

9. Central Bank: In accordance with the national "14th Five-Year Plan" plan, we will continue to steadily promote the pilot research and development of digital renminbi [2021/7/16 0:58:21]

Today, Elon Musk, CEO of Tesla and SpaceX, tweeted that he had met with mining companies, and mining companies committed to reporting current and planned renewable electricity use Industry follow-up implementation. MicroStrategy CEO Michael Saylor retweeted the tweet and said that through him, Elon Musk met with a group of mining companies in North America, and the mining companies agreed to establish a Bitcoin Mining Council (Bitcoin Mining Council) to improve Transparency in energy use to accelerate global sustainability initiatives. click to read

Golden Evening News | Important news on the evening of June 18: 12:00-21:00 Keywords: Thailand, Singapore, Tencent, the United States, Polkadot

1. The Polkadot NPoS model has been launched and the number of validator nodes has increased to 100;

2. The Central Bank of Thailand will start testing the prototype project of the CBDC decentralized payment system;

3. Telos released the Ethereum virtual machine EVM, which can run smart contracts compatible with Ethereum;

4. F2Pool has processed abnormal handling fees: 90% will be refunded and 10% will be used as miner benefits;

5. Director of the Monetary Authority of Singapore: Each country may have different motivations for developing central bank digital currency;

6. The Hong Kong domain name and email of Ketuan Zhan’s side are prohibited by the Hong Kong bit statement;

7. The Russian Ministry of Justice criticized the country’s encryption ban bill;

8. Tencent Technology (Shenzhen) Co., Ltd. has added a number of blockchain-related patents;

9. Federal Reserve Chairman: Private entities cannot be responsible for the money supply;

10. Former U.S. National Security Advisor: Trump mentioned "tracking down" Bitcoin as early as 2018. [2020/6/18]

3. One ebbs and another? Gold Spot Prices Hit Near April Highs After Bitcoin Plunge

Golden Evening News | List of important developments on the evening of March 5: 12:00-21:00 Keywords: account title, special financial law, new high computing power

1. The plenary session of the Korean National Assembly passed the amendment to the special financial law.

2. Governor of the Reserve Bank of India: The Supreme Court order on cryptocurrencies is being studied.

3. Sun Yuchen's new Weibo account was blocked again.

4. He Yixin's Weibo was blocked again.

5. CoinMarketCap launches derivatives data service.

6. Bitcoin computing power once exceeded 150 EH/s and hit a record high.

7. Tether migrated 200 million USDT from the OMNI network to the Ethereum network.

8. The monthly and annual correlation between Bitcoin and gold has been corrected.

9. Bitcoin continued to rise within the day, reaching as high as $9,140. [2020/3/5]

Since the cryptocurrency market plunged in mid-May, the price of gold has rebounded significantly. Gold prices continued to edge higher on Tuesday, reaching a high of $1,887 an ounce at 3:00 a.m. ET, according to TradingView data. click to read

4. Pantera Capital Partner: Understand the Decentralized Fixed-Rate Encrypted Lending Agreement in One Article

Now, more and more people hope to "apply" this traditional financial product model to the encryption industry. To this end, Paul Veradittakit, a partner of Pantera Capital, specially wrote an analysis of the decentralized fixed-rate encryption lending agreement, let us take a look below. click to read

5. After a week of consecutive losses, the RSI reached the oversold area. The probability of BTC hitting a new low in the short term is small?

It is reported that RSI stands for relative strength index, a relative strength index indicator, which judges the future trend of market prices based on the comparison of the dynamics between the upward and downward trends. RSI less than or equal to 30 indicates that the situation is oversold or undervalued, the current RSI value is 28.48. Click to read


The Kusama network is about to start, and Polkadot enters a new chapter

Polkadot’s phase-launch is about to enter another chapter. As we approach the launch of parachain functionality and the auctions and crowdlending behind it.

DeFi on Web 3.0 creates more revenue opportunities

Staking, liquidity mining, P2P lending — more and more people are migrating from centralized finance to decentralized finance (DeFi) applications, known as dApps.

Report: Iran's bitcoin mining revenue could exceed $1 billion a year

While Iran's regulatory relationship with Bitcoin has been hit and miss.

5 must-read articles in the evening | BTC is less likely to make new lows in the short term?

1. Ethereum in the eyes of mainstream institutions: Ethereum may surpass BitcoinOver the past year.

Investigation of virtual currency chaos: mining consumes a lot of energy and prices skyrocket

Plunging 30% overnight, the price of a month is almost "cut in half", and those who liquidate their positions are empty-handed... Recently.

Opinion: Is Blockchain an Important Collaboration Solution?

Abstract: "If you know neither the enemy nor yourself, you will be defeated in every battle." Sun Tzu's Art of War. "Know yourself and know the enemy, you will never be defeated in a hundred battles.

Talking about PoW and PoS: Power and Wealth Distribution in Encrypted Economy

Note: The original author is Ryan Watkins The following is the full text compilation: Imagine that you are designing a new economic system from scratch.