[Today's Hot Tips]submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]
1. [Data shows that more than 310,000 bitcoins have been withdrawn from the exchange since Black Thursday]
On May 26, the latest data released by the blockchain research platform Glassnode showed that the number of bitcoins withdrawn from the exchange has reached a new high. Since Black Thursday, March 12, more than 310,000 bitcoins have flowed out of the exchange. The exchange with the largest withdrawal amount is Bitfinex, totaling 126845 BTC; followed by Huobi (95496 BTC) and BitMEX (95438 BTC).
2. [Yi Gang, Central Bank Governor: There is no timetable for when the digital RMB will be officially launched]
According to the official website of the Central Bank, Yi Gang, the governor of the People's Bank of China, said in an exclusive interview that at present, the research and development of digital RMB follows the principles of stability, safety, controllability, innovation and practicality. It will first conduct internal closed pilot tests in Shenzhen, Suzhou, Xiong'an, Chengdu and future Winter Olympics scenarios to verify theoretical reliability, system stability, functional availability, process convenience, scenario suitability and risk controllability. However, the current pilot test is still a routine work in the research and development process, and does not mean that the digital RMB will be officially issued. There is no timetable for when it will be officially launched.
3. [Maker Foundation initiates a governance survey to discuss the addition of 2 types of collateral such as TUSD and 10 types of mortgage assets]
According to MakerDAO official news, on May 25, the Maker Foundation risk team incorporated a series of governance polls into the voting system. The specific contents include: 1. Add USDC-B as collateral; 2. Add TUSD as collateral; 3. Maker improvement proposal MIP9 Community Greenlight; 4. Dai stability fee adjustment: range of 0% -4% users can choose; 5. Add TUSD, ZRX, UNI-V1-DAI, PC-DROP, DMM, FIAT, FTM, MANA, CHZ (Chiliz / Sports x), CF-DROP (ConsolFreight DROP) to the Maker agreement as mortgage assets. (Note: The Maker improvement proposal MIP9 aims to standardize the value judgment process for newly added collateral, that is, Maker holders can make judgment and selection of collateral before the domain team investigates the collateral.)
[Today's market analysis]
Bitcoin (BTC)BTC surged in the early hours of this morning, briefly surpassing 8900 USDT, and the highest rose to 8977 USDT, then fell back slightly. BTC is currently adjusted above 8900 overall. The mainstream currencies followed the consolidation, and various currencies dropped slightly after the shock in the early morning. BTC is currently reported at 8996.9 USDT at the LOEx Global, with a rise of 1.36% in 2h.
In the past two days, BTC has dropped below 9,000 USDT, and the mainstream currency has been fine-tuned overall. However, the small currencies that have skyrocketed or even doubled are one by one; I don’t know, do you feel that the script of the mainstream currency dip and the small currency soar is very familiar? In the impression, this has happened in the process of at least three rising relays in the past two years.
For example, at the beginning of 2019, when the bit rose from 3000USDT to 14000USDT, it was also sideways and retraced at the position of 8000USDT. At that time, small currencies also skyrocketed, with a time period of about 2 months.
What do you want to say? ——In fact, at this stage, for our ordinary users, it should be a stage of making money. If the currency is selected properly, there will be a lot of gains. There is a profit-making effect here, which shows that the bull market has not turned into a bear market that fast. The establishment of mainstream currencies and the singing of small currencies indicate that the stable bull market of this platform is not over.
Support level: the first support level is 8900 points, the second support level is 8600 integers;
Resistance level: the first resistance level is 9000 points, the second resistance level is 9400 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
GaiaWorld blockchain-1submitted by GAIAblock to u/GAIAblock [link] [comments]
On April 8, the annual meeting of the Boao Forum for Asia in 2018 opened in Boao, Hainan Province. The theme of this year’s conference was “Open and Innovative Asia, a Prosperous and Developing World”.This forum also set up a sub-forum on blockchain again on April 10, following the establishment of the “Digital Currency and Blockchain” sub-forum for the first time in the Boao Forum for Asia last year.
Governor of the Central Bank Yi Gang, Central Bank counselor Sheng Songcheng, Vice President of Renmin University of China Wu Xiaoqiu, former Governor of the Bank of China Li Lihui, Thunder Group CEO Chen Lei, Inspur Group Chairman Sun Pishu, and Visa Vice Chairman Ai Ruiqi all talked about the blockchain during the forum.
Bianews organizes the relevant sections of the Boao Forum on blockchains as follows:
Vice President of Renmin University of China Wu Xiaoqiu: I studied 4 years and I don’t know what the blockchain is.
Wu Xiaoqiu, vice president of the Renmin University of China and head of the Institute of Finance, at the media meeting of the 2018 annual meeting of the Boao Forum for Asia on the 8th that he had studied the blockchain for four years and never knew what it was.
“Frankly speaking, I was chained to the blockchain. I never knew what a ghost it was. I had a lot of people studying the blockchain. I started to get this stuff three or four years ago. I even found people who wrote books about the blockchain., but I still haven’t figured it out. If I don’t understand it, it’s very difficult to get this stuff.”
Wu Xiaoqiu said: “I’m not very stupid, but some people deliberately made it very mysterious. I take a wait-and-see attitude toward this kind of financial phenomenon. But the penetration of Internet finance is highly valued and I can see its value. Therefore, there is great development prospect for science and technology finance.”
Central Bank counselor Sheng Songcheng: The combination of blockchain and virtual currency will have no future
Sheng Songcheng, counselor of the People’s Bank of China and executive dean of the China-EU Lujiazui International Finance Research Institute, said that the combination of blockchain and virtual currency has no future.
He believes that blockchain is a technology. Bitcoin is a virtual currency. It is just an application of blockchain. If blockchain is combined with virtual currency, blockchain will have no future in virtual currency. . Because the virtual currency is not money, we just use a bitcoin.
The economic regulation and control in all countries of the world is mainly economic and monetary policies. The basis of monetary policy is that the state controls the currency issuance rights and legal currency. If the virtual currency is flooded, monetary policy cannot be implemented.
Blockchains should not be combined with currency. The combination has no future. It is also better not to use it in finance.
Now that the traditional financial system can already be used for daily use, the use of blockchains in financial efficiency is rather low.
Yi Gang, Governor of the Central Bank: Strictly Supervising Virtual Currency and Studying the Real Economy of Services
Yi Gang, Governor of the People’s Bank of China, stated at the Boao Forum for Asia that virtual currency has less service to the real economy, some speculation and even some money laundering, or other acts. So in China we have always been cautious about virtual currency.
Regarding the research of digital currency around the world, China’s research is ahead of others. We are also studying how digital currency can serve the real economy in the best possible form, develop safely in the best possible form, and avoid some possible negative effects, to make digital currency better able to serve the economy. This includes blockchain technology as well as financial technology. On the whole, our supervision of virtual currency is very strict. At the same time, we are also studying how to use the positive energy of digital currency and better serve the real economy.
While the financial industry is opening up to the outside world, it is necessary to prevent financial risks and propose three principles for the opening up of the financial industry.
The three principles of the opening up of the financial industry to the outside world are as follows: First, national treatment before access and negative list management. Second, the reform of the opening up of the financial industry and the formation of exchange rate mechanisms should be coordinated with the reform process of capital account convertibility and jointly promoted. Third, while opening up, we must attach great importance to preventing financial risks and make our financial regulatory capabilities match the degree of openness.
Visa Vice Chairman: Blockchain Available in B2B Payment Scenarios
Blockchains are not very large now, and they are not very fast and cannot be transmitted in real time, which is not enough to support most payment scenarios. Blockchain capacity and speed do not support retail operations because retail customers are very complex and very fragmented.
She suggests that it can be used in corporate transactions rather than retail customers, and revealed that Visa is exploring the use of blockchain in B2B scenarios.
Li Lihui, former president of Bank of China: Great breakthrough in blockchain technology in 2017
Li Lihui, former president of the Bank of China, said that the research and development of the bottom layer of China’s blockchain and application technology has taken the lead in the world.
He said that since 2017, blockchain technology has made great breakthroughs in scale applications. The first breakthrough is the establishment of a multi-dimensional delivery architecture, and the realization of numerous transaction parties in high-complexity financial transaction scenarios. Zero-distance, zero-day trading.
The second breakthrough established a platform for the registration and verification of trusted data. This platform can be used for both financial and non-financial.
Inspur Group Sun Pishu: Using the blockchain to link production, distribution and inspection
Sun Pishu, chairman of the Inspur Group, said that he hopes to use the blockchain to link the production process, circulation process, and inspection and inspection together, establish a quality chain network, link the quality into a network, and promote it.
He said, “I hope that by establishing such a platform, using this technology to establish a quality traceability platform, the current work I do think where your production of the product, you can put the information on the Internet.”
Thunder CEO Chen Lei: Blockchain should not be placed in the laboratory, should be placed in practical applications
Thunder CEO Chen Lei believes that all technologies are forced out during the use of the process.
He said that it is better not to put the blockchain in the lab, but to put the blockchain into the actual application. When you put technology into practical use, you must face the pressure of use every day, and you will be forced to upgrade your technology. If you can’t improve the user, they will scold you, this is the most effective way of technological progress.
Xu Lirong, Chairman of COSCO Shipping: Logistics Development Concept Focuses on New Technologies such as Blockchain
Xu Lirong, Chairman of COSCO Shipping Group, stated at the Boao Forum for Asia held on April 9 that the current development concept of logistics industry is highlighted as “two focuses”: one is that the concept of innovation is no longer focused on traditional elements, but rather “focusing “New technologies and new carriers such as blockchain, new energy, and shipping e-commerce.
The other is that the service concept is no longer focused on single factors and its own elements, but rather it is “focused” on one-stop, integrated, full-service. Vertical integration, cross-border cooperation and cluster competition are becoming the consensus of the industry.
In the 2018 Bo Hao Sina Finance Night — -Zhenghe Island Night Talk, Wu Ying, chairman of Zhongze Realm Investment Fund, talked about the blockchain during the speech and said that he has invested in Bitcoin companies but has not bought any money. The opportunity brought by blockchain is something many people can’t imagine. It is several decades, several hundred times or even thousands of times in the early days of the Internet.
Wu Ying said that the state not only did not prohibit blockchain technology, but also strongly supported it, including mainstream organizations.
Kevin Kelly: Blockchain is a potential tool for sharing economy
At the Boao Forum Digital Economics Forum on April 9th, Kevin Kelly, founding editor of Wired magazine, shared five trends in the future world. Kevin Kelly believes that the third trend is in the sharing economy. Hope to connect everything.
Kevin Kelly stated that “new technologies will create new problems, and these new problems will also require more new technologies to solve them. This is a continuous cycle. In this process, humanity will continue to make progress. This is an important opportunity, and everyone is on the same starting line. No one is still behind. ”
He also pointed out that people are currently collaborating on a number of platforms and hope that there will be technology that will allow one million people to do a project at the same time. How to track the work of millions of people? “This requires a potential tool for blockchain.”
Upon the nomination, bitcoiners and blockchain entrepreneurs are getting a clue that this newly-nominated PBOC head may be a bitcoin favorer according to his early public statements.
Early in 2013, Yi Gang, served as No.2 to incumbent governor Zhou Xiaochuan, has publicly aired his opinion on bitcoin, saying bitcoin has distinctive features and it is enlightening, and he, personally, will stay focused on bitcoin for a long term.
As for bitcoin trading, he regarded bitcoin trading as an Internet-based buying and selling, and thus ordinary people have the freedom to participate in bitcoin trading.
From 2013 to 2018, these 5 years see few changes of China central bank's attitude towards bitcoin.
Yi's 'support' for bitcoin get one thing straight, that is, many financial professionals have been interested in bitcoin and studying the value of bitcoin since long ago.
Yi might have a good understanding of bitcoin and open to new issues, but the government stance is not changed as recently Zhou Xiaochuan made that central bank doesn't recognize bitcoin as payment tool and doesn't like speculative products.
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