Golden Outpost | Curve plans to launch the 8th fund pool: HBTC/WBTC

The stable currency exchange platform Curve plans to add another fund pool: HBTC/WBTC.

On August 26, 2020, in order to further increase the liquidity of Bitcoin-anchored coins on Ethereum, Curve launched a new proposal CIP#5, which plans to add HBTC/WBTC fund pools. The HBTC/WBTC pool is a loan-free pool, and the new Curve fund pool contract has optimized the gas fee of the previous contract.

Jinse Finance Quotes Report | BTC first drops and then rises during the day, and may continue to fluctuate in the evening: According to Huobi market, after BTC hit the 11,800 USDT integer mark in the morning, it continued to fluctuate and fell back to a minimum of 11,563 USDT, then fluctuated upwards and rose to 11,755 USDT. The one-hour K-line gradually formed a shock range of 11,500-11,800 USDT. In the short term, the market needs time to digest last night's rally, and certain fluctuations are expected. In the evening, we need to pay attention to the support level of 11,500 USDT below and the resistance level of 11,800 USDT above. As of 18:30, the specific performance of mainstream currencies is as follows: [2020/8/6]

If the proposal is passed, it means that Curve will change from the existing 7 capital pools to 8 capital pools.

Jinse Finance mining data broadcast | BCH network computing power dropped by 11.38% today: Jinse Finance reported, according to the data of Spider Mining Pool:

The computing power of the BTC network is 120.659EH/s, the mining difficulty is 17.35T, the current block height is 639569, and the theoretical income is 0.00000792/T/day.

The computing power of the entire ETH network is 190.784TH/s, the mining difficulty is 2385.03T, the current block height is 10473868, and the theoretical income is 0.00895807/100MH/day.

The BSV network computing power is 2.528EH/s, the mining difficulty is 0.32T, the current block height is 644017, and the theoretical income is 0.00035595/T/day.

The BCH network computing power is 2.851EH/s, the mining difficulty is 0.40T, the current block height is 644221, and the theoretical income is 0.00031563/T/day. [2020/7/17]

Golden Noon News | List of important developments at noon on January 8: 7:00-12:00 Keywords: China Banking and Insurance Regulatory Commission, Yunlian Alliance, CCB, Bitcoin long-short ratio

1. Chen Weigang from the China Banking and Insurance Regulatory Commission: The China Banking and Insurance Regulatory Commission strictly prohibits banks from providing payment channels for currency speculation.

2. Changan Ford and Changan Minsheng Logistics officially launched the Yunlian Alliance of Wanxiang Blockchain.

3. Secretary of the Party Committee of CCB: Using blockchain and other technologies to create a "migrant worker benefits" platform and investing more than 20 billion yuan in special financing.

4. In 2019, the total amount of domestic digital assets flowing overseas was 11.4 billion US dollars.

5. The long-short ratio of Bitcoin on the three platforms of Bitfinex, Bitmex, and Binance is 69.78%:30.22%.

6. Bitcoin’s short-term computing power has reached a new high, and the recharge amount of exchanges has increased.

7. BTC is currently at $8,309, up 5.28% in the past 24 hours, with a market value of $150.589 billion. [2020/1/8]

Curve's existing 7 fund pools

DeFi users will be able to exchange these two tokenized Bitcoins in both directions through the Curve HBTC/WBTC fund pool.

As of press time, there have been 29 votes and 69% support.

It is reported that WBTC (Wrapped BTC) was initiated by BitGo, Kyber Network, Ren, etc., and it is an ERC-20 token issued on Ethereum in early 2019, and it is supported by real Bitcoin 1:1. WBTC is a custodial solution in which a coalition of custodians locks real BTC and issues corresponding WBTC tokens. Only registered merchants with full KYC/AML qualifications can initiate WBTC. Its governance is carried out through DAO, and BTC custody is guaranteed through multiple contracts.

There are currently two main ways to obtain WBTC. 1. Contact WBTC cooperative merchants and send them BTC in exchange for newly minted WBTC tokens. 2. It is also possible to exchange fiat or other cryptocurrencies for WBTC on centralized or decentralized exchanges. WBTC is currently the most important participant of BTC in Ethereum DeFi, and is listed on lending platforms such as Compound, Nuo, and Fulcrum.

HBTC is the Bitcoin token on Ethereum launched by Huobi in February 2020. HBTC strictly abides by the 1:1 reserve guarantee, that is, every time 1 HBTC is issued, its asset depository address will have 1BTC asset protection to ensure Users can use HBTC and BTC to exchange 1:1 at any time. Users can conduct two-way exchange through Huobi Global or HBTC official website. HBTC connects the centralized market and the DeFi market, reduces the cost for users to enter DeFi, and provides more efficient digital asset services.

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