5 must-reads in the evening｜How to view the crazy issuance of stablecoins?

1. Miner fees account for nearly 20% of block rewards. The dark clouds over BTC may have seen the dawn

“In a few decades, when [block] rewards become trivial, transaction fees will be the main compensation for [miners].” — Satoshi Nakamoto

For a long time, there has been a dark cloud floating over Bitcoin, and it is also the thing that Satoshi Nakamoto is most worried about. That is, when Bitcoin is halved several times, whether there is enough block incentive for miners to continue mining to package transactions and maintain the security of the Bitcoin network.

Golden Evening News | List of important news on the evening of October 7: 12:00-21:00 Keywords: Office of the Comptroller of the Currency, BMW Vantage, Shopify, AdamBack, SWIFT

1. The U.S. Office of the Comptroller of the Currency wants to clarify whether banks can hold encrypted privacy tokens.

2. Murda Beatz, a well-known music producer, revealed today that he has bought some bitcoins.

3. BMW Korea will launch BMW Vantage, a blockchain-based membership program.

4. The total lock-up volume of the DeFi protocol Balancer has dropped by 40.64% compared with yesterday, which has decreased by about US$200 million.

5. Blockstream CEO Adam Back reminded of risks, saying that criminals are posing as themselves to cheat.

6. E-commerce giant Shopify accepts cryptocurrency payments, and Alchemy Pay provides related services.

7. The Japanese exchange TAOTAO completed the share transfer and became a wholly-owned subsidiary of SBILM, a subsidiary of SBI.

8. Wang Chuan: DeFi is a decentralized liquidity black hole that will sweep the world.

9. Ripple co-founder: SWIFT and the related banking system are not the trend of the next two decades. [2020/10/7]

In the early hours of May 12, 2020, Bitcoin successfully completed its third halving. As of today, the Bitcoin network has been running stably for nearly 3 days. Judging from the recent percentage of miner fees as a percentage of block rewards, the dark clouds over Bitcoin may have seen light. click to read

Golden Evening News | List of important news on the evening of August 8: 12:00-21:00 Keywords: Ethereum rating, Grayscale, IOTA, Gemini

1. Wechsler Ratings updated the top token rankings: Ethereum is rated A, ranking first.

2. The holdings of Grayscale Bitcoin Trust exceeded 400,000 BTC, an increase of 1,807.

3. Canada's Wealthsimple has been conditionally approved by the CSA to test its cryptocurrency platform.

4. IOTA removes the Coordinator function to prepare for IOTA 2.0. It is currently in the Pollen stage.

5. Report: Compared with June, the total trading volume of the top 15 exchanges increased significantly in July.

6. The founder of yearn: he will not leave the DeFi field, and the previous media reports are suspected of being exaggerated.

7. The California Attorney General reminded the public to be vigilant against digital asset fraud.

8. Gemini co-founder: The US dollar has become a "fake currency", and Bitcoin has been recognized. [2020/8/8]

2. Ethereum 2.0 Staking Hardware Purchasing Guide

Quotes| Evening digital currency market report: According to data from the Bitfinex trading platform, the latest transaction price of BTC is $6,260.00, the highest price is $6,324.10, the lowest price is $6,170.00, and the transaction volume is 18,600, an increase of 0.08%; the latest transaction price of ETH is $171.42, the highest The price reached US$191.67, the lowest price was US$167.32, and the transaction volume was 733,100, a decrease of 7.06%. [2018/9/12]

The ideal installation process and best practices shown in this article are written for users who have dedicated a computer to participate in staking.

If you participate in Staking, it is equivalent to locking up $7,000, and the locking period may be as long as 1 to 2 years. No one knows how much that $7000 will end up being (I think it will pay off handsomely). So it is worth buying better hardware. click to read

3. Currency Functions, Monetary Power and the Future of Digital Currency

Why is digital currency created? What challenges does digital currency currently face, and what are its development prospects? Why should the central bank develop digital currency? This paper discusses these issues in depth from the perspectives of currency function, currency credit, currency power and currency international competition. click to read

4. How do you view the crazy issuance of stablecoins led by USDT?

The latest data shows that the total issuance of stablecoins has reached a record high of 10.4 billion US dollars, exceeding 10 billion US dollars for the first time, an increase of about 79% compared to February this year. Among them, Tether ranked first with a market share of 85.1% and a total circulation of US$8.8 billion, and USDC ranked second with a share of 7.2%.

How do you view the massive issuance of stablecoins, and what is the logic behind them? Does the market really need so many stablecoins? Will it have bad effects? Jinse Finance talked to William, the chief researcher of OKEx Research, and listened to his interpretation of the current explosive growth of stablecoins. click to read

5. Nine ways to teach you how to use hardware wallet safely

 Statistics  released at the end of 2019 show that compared to 2018, the number of bitcoin owners in the United States has increased by 81%. There are currently 36.5 million digital currency holders across the United States. More and more people own digital currency, which makes the topic of "safe deposit" even more important. Click to read

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