Golden Outpost | German Finance Minister: Will speed up financial reforms in the euro zone to regulate cryptocurrencies

German Finance Minister Olaf Scholz on Thursday pledged to speed up financial reforms in the eurozone, To regulate cryptocurrency assets and deepen capital markets, he said this could help accelerate the economic recovery from the new crown epidemic.

Jinse Finance mining data broadcast: ETH’s network computing power rose by 1.82% today: Jinse Finance reported that according to the data from the spider mining pool:

The computing power of the BTC network is 150.479EH/s, the mining difficulty is 20.82T, the current block height is 669134, and the theoretical income is 0.00000705/T/day.

The computing power of the ETH network is 367.768TH/s, the mining difficulty is 4722.32T, the current block height is 11793170, and the theoretical income is 0.00868854/100MH/day.

The computing power of BSV network is 0.583EH/s, the mining difficulty is 0.09T, the current block height is 673020, and the theoretical income is 0.00154400/T/day.

The computing power of the BCH network is 1.326EH/s, the mining difficulty is 0.21, the current block height is 673338, and the theoretical income is 0.00067883/T/day. [2021/2/5 18:57:25]

Schulz said he welcomed the European Commission's latest proposals for regulating cryptocurrencies and their underlying blockchain technology, which are used in private sector projects such as Facebook's Libra stablecoin.

Golden Evening News | List of important news on the evening of February 4: 12:00-21:00 Keywords: Hong Kong Stock Exchange, Cardano, Twitter, Wuhan University

1. President of HKEX: HKEX plans to introduce blockchain technology into the northbound transaction settlement system;

2. IOHK CEO: Cardano is tentatively scheduled to usher in the OBFT hard fork on February 20;

3. Twitter co-founder invests in app that allows users to trade bitcoins;

4. Telangana, India will launch a dedicated blockchain incubator;

5. The Wuhan University team launched a blockchain-based information exchange platform for protective materials to fight against COVID-19;

6. PricewaterhouseCoopers: Blockchain can cut global aircraft maintenance costs by $3.5 billion;

7. Hong Kong Bitcoin remittance company Bitspark will close next month;

8. The cumulative business volume of the central bank's trade gold blockchain platform has exceeded 90 billion yuan since its launch in one year;

9. Co-founder of Coingecko: The BCH 12.5% block reward proposal should be discussed with the community in a better way instead of being forced to give up. [2020/2/4]

"These are important proposals to make the European financial sector really strong. My goal is to get the discussions moving quickly," Schulz said, adding that this also applies to the European Commission's proposal to expand the EU's capital markets.

Golden Relativity | Gann: A good currency is stable and gives confidence to the market: In this golden relativity investigation, regarding the sideways trading of Dogecoin, Jiang En, president of the China Dogecoin Association, said: the core problem of Dogecoin In addition to the 100 billion in the first year, there is also 5 billion inflation every year. It is one of the few digital currencies that has no upper limit on the total amount and can develop stably. It can be called a miracle. This setting has other advantages. The advantages and disadvantages of Dogecoin, the advantage is that the supply of Dogecoin is guaranteed. As long as there is a network, Dogecoin will never die and play a role in stabilizing the market value.

We know that as a currency, the more stable the better, just like gold and silver can survive thousands of years in the history of human currency, so in the history of Dogecoin, sideways trading is very normal, this is Stable performance, a good currency is stable and gives confidence to the market. The same disadvantage is that the stability of Dogecoin has caused many speculative funds to dare not enter. Its investment attributes are not higher than other coins. This is also the son of Dogecoin, Space Dog. After birth, there is a reason why I favor and promote Space Dogs. [2019/4/8]

Given that Germany currently holds the rotating presidency of the 27-member EU, Scholz said he would put both reforms on the agenda for the next meeting of EU finance ministers on Oct. 6.

"With this package, we can promote innovation in the financial sector so that Europe can set standards globally," Schulz said.

Furthermore, proposals to deepen capital markets could help the region recover more quickly from the coronavirus shock. "In order to fully emerge from the crisis, small and medium-sized companies in particular need good access to capital market financing," he said.

The European Commission on Thursday laid out plans to create what officials say is the world's most comprehensive set of rules on encrypted assets and their underlying blockchain technology.

EU policymakers say Facebook should not be allowed to issue its own Libra stablecoin until appropriate rules are in place.

Part of this article is compiled from Reuters

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