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The total market cap of cryptocurrencies has risen to $1.17 trillion



Time:7/31/2022 2:48:53 AM

[The total market value of cryptocurrencies has risen to 1.17 trillion US dollars] Jinse Finance reported that according to the latest data from Coingecko, the total market value of cryptocurrencies has risen to 1.17 trillion US dollars. At the time of writing this article, it was 1,172,705,785,006 US dollars, an increase of 1.9% in 24 hours. Among them, BTC accounted for 40%, and ETH accounted for 17.7%. the

Other news:

Bloomberg: India's ban on cryptocurrencies is stupid on multiple levels: According to a Bloomberg article, India's cryptocurrency ban is not the first attempt at currency control. However, this time the ban is less likely to succeed and the consequences for the Indian economy could be more dire, such a blanket ban would be foolish on multiple levels. Because enforcing the law is much more difficult, the government would face the challenge of finding and locating the cryptography holding millions of bitcoins, and the government would not be able to seize or even access computer networks scattered around the world. To enforce the ban, authorities had to develop an intrusive surveillance system that could track all digital and internet activity in the country. Thankfully, India does not have the national capacity to achieve this, and it is more likely that its efforts will only drive the cryptocurrency market underground. [2021/3/20 19:02:41]

News | The Japan Financial Services Agency (FSA) takes a cautious stance on introducing cryptocurrency ETFs: According to cointelegraph, on May 30, at the Finance and Finance Committee of the Japanese Senate, the Japan Financial Services Agency (FSA) took a cautious stance on introducing cryptocurrency ETFs. According to previous news, Kenshi Fujimaki, a member of the Japanese Senate, will submit proposals for encrypted asset ETFs to the Senate Finance and Finance Committee on the 30th of this month. [2019/5/30]

People's Daily: Cryptocurrency is a valuable experiment: On the morning of April 16, the People's Daily discussed cryptocurrency from multiple perspectives. The recent sharp price fluctuations of cryptocurrencies can be divided into five main reasons, namely, the different concerns of different countries, the influence of domestic and international situations in each country, the influence of fans in different countries, the differences in the completeness of laws, and the differences in cognitive perspectives. However, from a technical point of view, it is difficult to achieve a complete ban on digital currencies. Countries focus more on bottom-line regulation and investor protection in transactions, such as anti-money laundering and market manipulation.

On the other hand, from a broad perspective, the electronic currency has the most profound impact on the existing system. Due to the advent of the digital age, the types of assets that can be included in "quasi-currency" continue to increase, making the correlation and linkage between policy operations focusing on the amount of money and macro indicators gradually weakened. From a narrow perspective, the digital currency represented by Bitcoin does not have a prominent "currency attribute" and is more regarded as a special asset or commodity. Therefore, its real impact is often not at the currency level, but at the financial market and financial stability. Although encrypted digital currency has many flaws, it is also a valuable experiment, especially in the exploration of super-sovereign currency. Different from the value support of precious metal currency and credit currency, it is oriented to the discovery of "trade benchmark consensus" in the data age. But if its payment function cannot really be implemented, it may be inevitable. [2018/4/16]

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