Golden Morning Post｜BTC breaks through $10,000, institutional investors enter cryptocurrency

Headline

▌Data: Grayscale and other two companies purchased 50% of the total BTC mined in the first quarter

According to data shared by investor and trader Alistair Milne on Twitter, two companies, Grayscale and online payments and banking app CashApp, bought 50% of all bitcoin mined by miners in the first quarter of 2020.

◇Market

As of press time, according to Huobi global data:

BTC's recent transaction price was $9970.67, a 24-hour change of +4.76%;

The latest transaction price of ETH is $211.88, a 24-hour change of +2.83%;

The latest transaction price of BCH is $252.18, a 24-hour change of +3.01%;

The last transaction price of BSV was 207.7613 USD, with a 24-hour change of +2.25%;

EOS recently traded at $2.7553, a 24-hour change of +2.27%.

An Xinxin, CEO of Jinse Finance: Mining needs to follow five core principles to go further: Jine Finance live report, April 25th, 2021 New Infrastructure Blockchain Summit was held in Chengdu. In the sub-session of the new era of distributed storage, An Xinxin, CEO of Jinse Finance, shared the topic of "Looking at the Blockchain Mining Industry from Another Angle". He pointed out that the world of blockchain is absolutely fair and the interests of all inter-chains are shared. Based on this, mining projects need to follow these five core principles, including equal consensus, token diffusion, and ecological co-construction. , behavior guidance, positive cycle. [2021/4/25 20:55:58]

◇Policy News 

▌US CFTC charges multiple companies with cryptocurrency and binary options fraud

The U.S. Commodity Futures Trading Commission (CFTC) charged U.S. and Israeli executives with helping U.S. companies create and promote a number of misleading investment schemes to U.S. and foreign investors. As many as 51,917 users opened a binary options account and deposited funds totaling nearly $13 million in the allegedly misleading marketing campaign. In addition, a total of 8,043 users have opened digital asset trading accounts, with a total deposit of more than $2 million.

Golden Noon News | A list of important developments at noon on April 22: 7:00-12:00 Keywords: digital dollar wallet, Suzhou City, Dash production reduction

1. Yao Qian: It is the right time for the digital dollar wallet to act as a "helicopter" for "sprinkling money".

2. Director of the High-Tech Development Department of the National Development and Reform Commission: "New infrastructure" includes new technologies such as blockchain.

3. Suzhou Blockchain Technology and Industry Association has been formally established.

4. Bank of China will suspend the new position opening transaction of crude oil treasure from April 22.

5. CICC: Blockchain is expected to be the first to be implemented on a large scale in the government and financial fields.

6. Zhao Xijun: The central bank’s digital currency focuses on how to integrate with traditional currencies.

7. Dash is expected to cut production on April 28.

8.11 investment companies asked the SEC to stop leaking Telegram's ICO strategy.

9. The overall reduction in the Dai stable fee rate is expected to encourage the market to provide more Dai liquidity. [2020/4/22]

▌Economic Daily: Actively explore the technology integration and rich application of blockchain in the industrial Internet

On May 8, the Economic Daily published an article "New infrastructure helps the high-quality development of the digital economy". The article stated that digital infrastructure is a new carrier of technological innovation, which is conducive to the integration, innovation and scenario-based application of technologies such as 5G, artificial intelligence, big data, Internet of Things, cloud computing, and blockchain, and to build a "digital economy" for the development of the digital economy. soil".

Golden Morning News | A list of important overnight events on January 4: 21:00-7:00 Keywords: Guangzhou Daily, Beijing, Ministry of Industry and Information Technology, Bitmain

1. Guangzhou Daily: Guangzhou actively promotes blockchain technology to empower the development of the financial industry;

2. The Third Session of the 13th Beijing CPPCC will invite experts to make special reports on "Blockchain Technology and Development";

3. British regulators exposed crypto and binary options investment scheme scams;

4. Circle CEO mocks Tether as an unregulated offshore banking solution;

5. Wu Jihan stepped down as the legal representative of Bitmain;

6. Huang Libin, Ministry of Industry and Information Technology: will continue to promote technological innovation and industrial applications such as blockchain;

7. Venezuelan Burger King intends to accept cryptocurrency payments in 2020;

8. Longfin CEO agrees to settle fraud with SEC for $400,000. [2020/1/4]

▌Ministry of Industry and Information Technology: Encourage enterprises and research institutions to increase the research and application of blockchain traceability and other security technologies

The General Office of the Ministry of Industry and Information Technology issued a notice on further promoting the comprehensive development of the mobile Internet of Things. In the notice, enterprises and research institutions are encouraged to increase the research and application of security technology means such as mobile IoT terminal trusted authentication technology and blockchain traceability. Accelerate the construction of technical means for mobile Internet of Things security supervision, and improve real-time monitoring capabilities such as security situation awareness, card terminal management, and risk warning.

News | Jinse Finance's "2018 Most Influential Public Chain" was officially announced: On January 19, the "Consensus Unbounded" Jinse Finance 2018 Billboard - "2018 The "Most Influential Public Chain" was officially announced. The public chains on the list include: EOS, ETH, TRX, ADA, GXC, QTUM, IOST, XLM, NEO, IOTA. [2019/1/19]

◇Blockchain

▌Busan, South Korea will build a water quality management system using blockchain technology

Busan City stated on the 8th that the "Blockchain-based Water Supply Smart Water Quality Management System" under the supervision of the Ministry of Science and Information and Communication Technology of South Korea will invest a total of 800 million won (including 600 million won in government expenditures) before the end of this year to build Water quality management system using blockchain technology.

▌People's Court Daily: We should make full use of the blockchain to expand the service functions of the judicial service platform

On May 8, the People's Court Newspaper published an article titled "Cold Thoughts on the Application of Blockchain" by the research team of the Intermediate People's Court of Huzhou City, Zhejiang Province. The article stated that based on the existing experience, the application of blockchain technology in the judicial field focuses on electronic evidence storage, copyright protection and transactions, etc., and provides accurate and efficient basis for judicial judgment through solid evidence and confirmation of rights.

Jinse Finance live report SequoiaDB co-founder of Jushan database: Most of the blockchain product structure is chaotic: Jinse Finance live report, at the 2018 Blockchain Technology and Application Summit, SequoiaDB co-founder and CTO Wang Tao said that the current Blockchain public chain technologies all aim at "customized" development, and basically no products try to build a peer-to-peer multi-active database system from the perspective of "generalization". At the same time, most of the current blockchain product architectures are chaotic, and business logic, security certification, protocol analysis, and database modules are chaotically matched, making effective layering and module splitting impossible. Therefore, most public chains are trying to build themselves from the bottom layer A "highly customized Oracle" database. [2018/3/31]

Comments: Blockchain technology is not perfect. Specifically, there are the following problems in the judicial field: 1. There is a lag in laws and regulations. The identification and characterization of blockchain technology at the legal level are still relatively vague, and various rules and regulations for standardizing the process are in an urgent need to be completed ("White Paper on the Application of Blockchain Judicial Evidence"); 2. Authenticity of evidence and privacy protection; 3. The qualification of the evidence collection platform; 4. The court's acceptance of evidence; 5. The construction of the alliance chain.

▌The Shanxi Branch of the State Administration of Foreign Exchange further promotes the application of the cross-border financial blockchain service platform

The Shanxi Branch of the State Administration of Foreign Exchange recently issued the "Guiding Opinions of the Shanxi Branch of the State Administration of Foreign Exchange on Doing Everything to Support the Healthy Development of Small, Medium and Micro Foreign Trade Enterprises in Resuming Work and Production", and put forward a number of specific measures to help small, medium and micro foreign trade enterprises. In terms of alleviating financing difficulties, further promote the application of cross-border financial blockchain service platforms to expand channels and facilitate cross-border settlement and financing for small, medium and micro foreign trade enterprises.

◇Cryptocurrency

▌BTC broke through the $10,000 mark and hit a new high in the near future

According to data from Huobi Global, BTC has continued to rise and has now broken through the $10,000 mark, hitting a new high recently. It is now reported at $10,000.60, an increase of over 5% within a day, and the market fluctuates greatly. Please do a good job in risk control.

▌TON Labs CTO: The free version of TON is not a fork of TON

The Free TON community answers questions about the "free" version of the Telegram Open Network launched today. Mitja Goroshevsky, CTO of TON Labs, the developer of TON’s core infrastructure, said that the free version of the TON blockchain is not a fork of TON because there is no pre-existing chain and no network to fork.

Comments: Free TON, a decentralized community composed of software developers, validators and users, released the "Free TON Blockchain" on May 7.

▌Analyst: The overall traffic of encrypted exchanges declined in April

The Block analyst Larry Cermak shared the data on Twitter and posted that overall traffic to crypto exchanges declined in April, as did trading volume, which means that the hyped excitement may not meet expectations.

Comments: Compared with other exchanges, the traffic of BitMEX dropped sharply in April this year, and the number of visits dropped from 13.4 million to 8 million, a drop of 40%.

▌ECB: Libra poses a threat to the stability of the financial system

A new report from the European Central Bank says both the potential size of the Libra asset and its links to the wider financial system pose a threat to stability. If Libra proves popular, it could amass up to $3 trillion in assets. But the ECB has warned that if Libra underperforms, it could pose risks to financial stability.

Comments: Li Lihui once said that if Libra wants to truly reach the threshold of market access in Western countries, it must solve some major problems: verify the efficiency and reliability of the technology platform; the feasibility and transparency of the business operation model; the realization of financial compliance control. path and credibility.

▌Tether issued an additional 120 million USDT to the Ethereum network (authorized but not issued)

Whale Alert data shows that at 05:36 on May 8, Beijing time, Tether issued an additional 120 million USDT to the Ethereum network, and the transaction hash was

0x588d48e0f639ba0af928921dea04217dbdd5679731c3249664d299d0de89990a.

Comments: This is an authorized but unissued transaction, which means the amount will be used as inventory for the next issue request.

◇Important economic trends

Norway's central bank cuts interest rates by 25 basis points to zero

Norway's central bank cut interest rates by 25 basis points to zero.

The three major U.S. stock indexes closed higher

The S&P 500 index closed up 32.80 points, or 1.15%, to 2881.19 points on May 7 (Thursday); the Nasdaq index closed up 125.30 points, or 1.41%, to 8979.66 points on May 7 (Thursday). ; The Dow Jones index closed up 211.30 points, or 0.89%, at 23875.89 points on May 7 (Thursday).

◇Golden Encyclopedia 

Golden Encyclopedia丨What is the "pin" mentioned by the currency circle?

Pin insertion means that in the price shock of a certain cryptocurrency, the price rises or falls rapidly at a certain point in time, and then quickly returns to the normal price level. On the K-line chart, there will be a very long upward or downward shadow line, which looks like a needle, so it is vividly named "pin".

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