Golden Morning Post | In the first quarter, encryption companies raised US$2.5 billion, a record high

Headline

▌Data: Crypto companies raised $2.5 billion in the first quarter of 2021, a record high

Cryptocurrency companies raised $2.5 billion in the first quarter of 2021, an all-time high. This figure is almost double the amount raised in the second quarter of 2018. Many of these cryptocurrency companies have attracted funding from mainstream giants, including Chainalysis, whose valuation grew into the billions after its latest $100 million funding round, which also included Time magazine boss Marc Benioff financing. In addition to Chainalyis, crypto companies that have raised hundreds of millions in their latest funding round include BlockFi, which raised a whopping $350 million in a Series D round, and Blockchain.com, which raised $300 million at an estimated $300 million. The value increased to $5.2 billion.

Market

As of press time, according to Huobi global data:

The latest transaction price of BTC is 43,552 US dollars, with an intraday increase and decrease of +0.44%;

The latest transaction price of ETH is 3281 US dollars, with an intraday change of -0.15%;

The latest transaction price of BCH is 1068 US dollars, with an intraday increase and decrease of +2.22%;

Jinse Finance mining data broadcast: BTC’s total network computing power dropped by 2.95% today: Jinse Finance reported that according to the data from the spider mining pool:

The computing power of the BTC network is 131.647EH/s, the mining difficulty is 18.60T, the current block height is 663278, and the theoretical income is 0.00000742/T/day.

The computing power of the entire ETH network is 286.944TH/s, the mining difficulty is 3734.56T, the current block height is 11539515, and the theoretical income is 0.00749744/100MH/day.

The BSV network computing power is 0.768EH/s, the mining difficulty is 0.11T, the current block height is 667468, and the theoretical income is 0.00117121/T/day.

The BCH network computing power is 1.661EH/s, the mining difficulty is 0.22, the current block height is 667761, and the theoretical income is 0.00054200/T/day. [2020/12/28 15:51:37]

The latest transaction price of BSV is 286 US dollars, with an intraday increase and decrease of +5.06%;

The most recent transaction price of EOS is US$9.17, with an intraday increase and decrease of +2.13%;

The latest transaction price of LTC is 282 US dollars, with an intraday increase and decrease of +2.97%;

Golden Morning News | Overview of important overnight news on December 24: 21:00-7:00 Keywords: Shenzhen Stock Exchange, Bitcoin computing power, Tianping Chain 2.0, Upbit

1. The Shenzhen Stock Exchange will release the Shenzhen Securities Blockchain 50 Index on December 24.

2. Bitcoin core developers tweeted to announce the 2020 development roadmap.

3. On December 22, the BTC computing power reached a record high of 111.8666EH/s.

4. In 2020, the Beijing Internet Court will do the work of "Tianping Chain" 2.0.

5. The Blockchain Professional Committee of China Science and Technology Industrialization Promotion Association was established.

6. Guangdong "Qingyuan Beijiang Blockchain Research Institute" and "Qingyuan Daily Blockchain News Experimental Center" were established.

7. There are 35 Sichuan blockchain enterprises with a registered capital of 10 million to 100 million yuan.

8. The wallet address of the Upbit hacker transferred 2,000 ETH to an unknown address. [2019/12/24]

The latest transaction price of DOT is 38.85 yuan, with an intraday increase and decrease of +2.17%.

Policies

▌Li Bo, Deputy Governor of the Central Bank: Regulatory rules are being studied, and some overseas regulatory measures are worth learning

According to today’s news from Li Xunlei’s financial and investment public account, according to the statistics of Coin Dance, more than half of the 257 economies in the world believe that Bitcoin is legal. Broken down by income level, more than 70% of economies that outlaw or restrict bitcoin are low-income or lower-middle-income economies, and none of the high-income economies outlaw bitcoin . From the perspective of identifying the nature of Bitcoin, more than 60% of economies believe that Bitcoin has a certain degree of monetary attributes. In the past, China also set off a bitcoin craze, and the regulatory authorities paid attention to the possible financial risks, and their attitude towards bitcoin gradually turned cautious and restrictive. Recently at the Boao Forum for Asia, Li Bo, the deputy governor of the central bank, said that he is studying the regulatory rules for Bitcoin and stablecoins. Some of the existing regulatory measures in overseas developed economies are worth learning from. For example, the franchising license method adopted by many economies has achieved good regulatory effects.

Analysis | Golden disk: VET/USDT has short-term falling demand: comprehensive analysis of the golden disk: VET/USDT is obviously blocked at 0.013 in the short-term, and there is a need to find support on the downside. Focus on 0.011 below. [2018/8/19]

▌Iran will impose huge fines on the use of household electricity for encryption mining

The Iranian government will impose hefty fines on people who use household electricity to mine cryptocurrencies. It is reported that Iran is facing a shortage of electricity due to the surge in electricity consumption for cryptocurrency mining in the country and the current reduction of hydroelectric power generation in the country. Iranian Energy Ministry spokesman Mostafa Rajabi Mashhadi pointed out that unauthorized cryptocurrency mining can affect power supply.

▌Xinhua News Agency: Be wary of the new type of pyramid schemes that hype air coins

On May 17th, Xinhua News Agency issued an article stating that claiming to be "national currency" and using "Tianhe-2" to calculate, under the guise of providing virtual digital currency value-added services, it has developed nearly 2,000 pyramid scheme members across the country, and the amount involved exceeds 200 million yuan. …The Public Security Bureau of Anqing City, Anhui Province recently cracked a huge online pyramid scheme. The suspect concocted the concept, hyped up "air coins", and disguised the pyramid scheme as digital currency.

Blockchain Application

Burst | Golden disk: LA/USDT abnormal fluctuations: Golden disk analysts said: LA/USDT plunged 60% yesterday, and a single order this afternoon pushed up the price by 368%, but judging from the pending orders, basically Unable to participate. [2018/8/4]

▌AntChain released the "Wenchangxing Traditional Culture Renewal Plan" to open 1,000 traditional IPs and patterns for free

Jinse Finance reported on the spot that on May 17, 2021, the press conference of AntChain's "Wenchangxing Traditional Culture Renewal Plan" was held in Hangzhou. Jiang Guofei, vice president of Ant Group and president of the Intelligent Technology Division, said at the press conference that based on the one-stop copyright confirmation and protection solution on AntChain, "AntChain is sure" and the "AntChain IP business" that creates a new business model for copyright cooperation platform”, AntChain officially released the “Wenchangxing Traditional Culture Rejuvenation Plan”. On the basis of protection, 1,000 traditional IPs and patterns are released for free, and calls on designers and the public to recreate traditional culture to inject modern vitality. In commercial practice Realize positive feedback development.

Cryptocurrency

▌Ethereum network revenue is about to break the monthly record of 722 million US dollars

Network revenue for May 2021 is on track to break the monthly record of $722 million today, according to Coin Metrics statistics. There are still two full weeks until the end of May, and if this trend continues, the Ethereum network’s May revenue will exceed the total revenue of the first quarter ($1.7 billion) before the end of the month.

Jinse Finance’s exclusive analysis of EOS’s DPOS consensus algorithm becoming a double-edged sword: According to IMEOS reports, BM answered the daily Q&A in the official telegram group to the suggestion for those who develop multi-chains: divide smart contracts to reduce cross-chain communication as much as possible. Exchanges can have a market on each chain if necessary. At the same time, it is officially announced that the Dawn3.0 public testnet is expected to be released on May 4th, and there are currently some bugs that need to be corrected. According to the exclusive analysis of Jinse Finance, as the release date of Dawn3.0 public test network approaches, the debate on EOS is increasing day by day. The DPOS consensus algorithm claims to support millions of transactions per second in the future and claims to subvert Ethereum. However, since EOS has only 21 master nodes and the degree of decentralization is limited, EOS has also attracted a lot of criticism. V God, the founder of Ethereum, once bombarded EOS. He said in his personal blog, "The vision created by blockchain and cryptocurrency has been seriously damaged. These technologies appeared in the first place to avoid and transcend Some insurmountable flaws in the political system. Now, the frauds that we hate in the human social system are inevitably reappearing in them again.” God V attributed it to the consensus mechanism of EOS, DPOS, which is natural lead to plutocratic rule. Whether EOS will subvert Ethereum or become a tool of "plutocratic rule" will not be revealed until the mainnet is launched. [2018/4/8]

▌FDIC Seeks Public Feedback on Cryptocurrency Use Cases for Banks

The Federal Deposit Insurance Corporation (FDIC) requested public feedback on depository institutions holding digital assets on May 17. Today’s announcement calls on insured institutions to present “current and potential use cases for digital assets.” The questions covered are open-ended, including “Should the FDIC consider any unique aspects of digital asset activity from a regulatory perspective?” Comments for this feedback must be submitted by July 16, 2021. The FDIC is one of the U.S. federal banking regulators and one of two entities that provide deposit insurance to federal regulators.

▌Coinbase Wallet launches browser extension that can connect to DeFi applications

Jinse Finance reported that Coinbase Wallet has launched a new browser extension that allows users to connect to Uniswap, SushiSwap and other DeFi applications. The extension automatically saves account data, so there is no need to scan the QR code every time you want to open the DApp. Users will be able to make transactions through their desktop browsers, but they will have to confirm them from their smartphone app. Coinbase said it will further participate in the DeFi ecosystem to make it more accessible.

▌Proposal to add Kusama parachain passed

Gavin Wood, founder of Polkadot and chairman of the Web3 Foundation, just tweeted: "Proposal 110 passed. In two hours, the deployment will be complete and if all goes well, we will start seeing the first zones on the Kusama parachain block.” It is reported that according to Gavin Wood’s Medium article on Polkadot’s launch of the parachain, the launch of the Polkadot parachain is expected to take place after two things are completed: 1. A complete external audit has been completed. 2. The Kusama network should have proven that the new logic works by executing at least one successful auction involving crowdlending and hosting at least one functional parachain. The relevant audit work has already started and will be completed in three steps in the next few days.

▌Uniswap V3 trading volume has increased to 80% of V2 trading volume

Just over a week after the launch of Uniswap V3 on May 5, the trading volume of Uniswap V3 has grown to about 80% of the v2 trading volume.

▌On-chain option protocol FinNexus suspected of being attacked

According to the Twitter news of The Block research analyst, the chain option protocol FinNexus is suspected of being attacked. Its contract deployer changes the token owner to an address on Ethereum and BSC. This address has minted 323 million FNX ($6 million) on Ethereum and 60 million FNX ($1.6 million) on BSC and has started dumping tokens.

▌Tether newly issued 1 billion USDT on the Ethereum network

According to Whale Alert data, at 23:39 Beijing time on May 17th, Tether newly issued 1 billion USDT on the Ethereum network. The additional hash is f36e2264e3fc19ba90c2588e27164544cb0d4b79e68bae4661b478fa5fc4f202.

▌Musk: Tesla did not sell any bitcoins

Tesla CEO Elon Musk: Tesla did not sell any bitcoins.

Key Economic Developments

▌Federal Reserve Kaplan: Digital currency will be different from cryptocurrency

Federal Reserve Kaplan said that digital currencies will be different from cryptocurrencies, and digital dollars have a store of value.

▌Vice Chairman of the Federal Reserve: The central bank's digital currency is "actively researched", but not soon

Federal Reserve Vice Chairman Clarida said central bank digital currencies are being "actively studied," but not anytime soon.

Golden Encyclopedia

▌What is a multi-signature private key?

Multi Signature (Multi Signature) refers to the need for multiple keys to authorize a Bitcoin transaction, which is usually used to define the ownership of Bitcoin. In a traditional Bitcoin account, each address in your Bitcoin address has a corresponding private key, which can be called a "single-signature transaction" because only one signature is required for the transfer - from the private key associated with the Bitcoin address the owner.

Therefore, if an address can only be signed and paid by one private key, the form of expression is 1/1; while the form of multi-signature is m/n, that is to say, a total of n private keys can sign an account, and when m When an address signs, a transaction can be paid for. Therefore, m must be less than or equal to n.

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