| Sources say that PayPal may launch encrypted trading services; Changpeng Zhao: It is currently in the altcoin season

黄雪姣

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2020-07-21 07:41 (UTC+8)

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Bitcoin's market value fell to 62%, the lowest point in five months.

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Bitcoin's market value fell to 62%, the lowest point in five months.

headlines

PayPal may launch an encrypted transaction service with the help of Paxos, and the announcement may be officially announced this week

CoinDesk reported that fintech giant PayPal has chosen to partner with Paxos to provide cryptocurrency trading services.

Changpeng Zhao said in an interview with Bloomberg that the data basically shows that the digital asset market is going through a season of altcoins. He added that more than 60% of the trading volume on Binance and Binance Futures currently comes from altcoins, which is “much higher than before.” Bitcoin has not moved out of a tight trading range for more than a week, while low-cap altcoins have rallied sharply. That brought bitcoin's dominance over the cryptocurrency market down to 62%, a five-month low. (CryptoPotato)

digital currency

CME Bitcoin Futures Volume Drops to 3-Month Low on Friday

Blockstream initiates first Bitcoin transaction from space

Blockstream Chief Strategy Officer Samson Mow said on Twitter that through Blockstream's satellite service, the first Bitcoin transaction initiated from space has been realized, and this may also be the first time an astronaut receives Bitcoin, or at least this is the International Space Station Chris Hadfield, the former commander of the U.S. military, received bitcoin for the first time. According to Mow, the transaction was sent during the Asia Blockchain Summit 2020.

Skew data: Over the past 10 days, Bitcoin has risen or fallen by less than 1% on average

Crypto data provider Skew tweeted that Bitcoin’s 10-day realized volatility was 16%. This means that over the past 10 days, Bitcoin has risen or fallen by less than 1% on average. The last time this happened was in November 2018, after which Bitcoin experienced a sell-off, plunging nearly 50%.

CME Bitcoin Futures Volume Drops to 3-Month Low on Friday

Bitcoin futures trading activity on the CME has declined significantly as Bitcoin volatility continues to remain low. Trading volume for CME bitcoin futures fell to $87 million (1,895 contracts) on Friday, the lowest level since April 17, according to data from crypto derivatives research firm Skew. (CoinDesk)

Messari CEO: In the past two months, the market value of ERC-20 tokens accounted for about 49% of the total assets of the ETH blockchain

Messari CEO Ryan Selkis said on July 17 that in the past two months, the market value of all ERC-20 tokens has soared to about $25.6 billion, accounting for about 49% of the total assets of the Ethereum (ETH) blockchain. ETH now only accounts for 51% of the total value of the Ethereum blockchain, which is also the smallest percentage value in history. (Cointelegraph)

Filecoin will enter a two-week calibration period, and the new development network is expected to be launched at 1:00 tomorrow

According to the previous official announcement of Filecoin, Filecoin will enter a two-week (July 20 to August 2) calibration period (Calibration Period) starting from July 20. During the two-week calibration period, miners can debug and calibrate in a real competition environment and see how their performance affects the competition ranking. These will run on a new devnet with all the latest features and optimizations. Today, Filecoin officially announced on Slack that the new development network is expected to be launched at 1:00 on July 21.

Standard Chartered plans to launch crypto custody solution for institutions

Standard Chartered’s venture and innovation arm has been developing crypto custody products for the institutional market, with the first pilot project likely to launch later this year. The CEO of SC Ventures confirmed the news today, saying that 20 institutions have expressed interest in the custody solution. Although headquartered in the UK, the hosted product will be available to clients around the world. In addition to assets such as bitcoin, SC Ventures is also considering adapting the solution to security tokens. (CoinDesk)

Wirex (WXT) broke through 0.016 USDT in the short term, with an intraday increase of more than 40%

According to Huobi Global market, Wirex (WXT) surged for a short period of time, reaching as high as 0.01628 USDT; now it has fallen back to around 0.014 USDT, tentatively reported at 0.0139 USDT, an intraday increase of 41.24%. In previous news, MasterCard said today that Wirex has become the first local encryption company that can issue payment cards directly to customers. As part of the expansion of its cryptocurrency program, the company has granted Wirex Prime Membership. It is reported that Wirex is regulated by the UK Financial Conduct Authority (FCA). (Data source: BitUniverse)

IntoTheBlock, a cryptocurrency analysis company, tweeted that the Chainlink network is growing at a healthy rate. Its number of addresses is increasing, but more importantly, these addresses are active, showing strong momentum in the network. On July 14, the number of active addresses reached 142,600, which is a new high.

Blockchain industry

secondary title

Investment and Financing

Recently, Iconic Holding (Iconic), a cryptocurrency investment and venture capital firm, announced the completion of its Series A round of financing. The final tranche of the round was led by Titania Investment Group, with participation from existing shareholders FinLab AG, high-tech Gründerfonds and Cryptology Asset Group. The issuance of preferred shares raised a total of nearly EUR 4 million in the financing round. Iconic plans to use the additional funds to expand products such as its newly launched Multi-Manager platform. Multi-Manager enables crypto asset managers to quickly and cost-effectively build investment funds for their crypto investment strategies. (CryptoNinjas)

global policy

Russia’s Digital Financial Assets Act: Prohibition of Cryptocurrency Payments for Goods and Services

According to a report by the Russian Satellite Network, Russian lawmakers stated that the Russian Digital Financial Assets Act defines cryptocurrencies, but prohibits the use of cryptocurrencies to pay for goods and services in Russia. (Golden Ten)

Japan, the United States and Europe G7 will cooperate on digital currency

According to Japan's Kyodo News, the Group of Seven (G7) of Japan, the United States and Europe has basically decided to cooperate on the issuance of central bank digital currency (CBDC). It is planned to coordinate discussions at the summit meeting (G7 summit) held in the United States from the end of August to the beginning of September, and share practical issues and the wisdom of various countries. (Golden Ten)

On July 18, 2019, Romania published the first part of Law 129/2019 on the Prevention and Combating of Money Laundering and Terrorist Financing. In order to simplify the mechanisms for preventing and combating money-laundering within the limits set by the Directive and to avoid the possible financial consequences of infringing procedures, the Romanian Government adopted on July 1, 2020 an emergency act to amend and supplement Law No. 129/2019 Decree GEO, also incorporates the rest of the 5AMLD into Romanian legislation. Following the adoption of GEO, exchange providers operating in Romania that monitor transactions between digital currencies and fiat currencies must now be authorized. (Cointelegraph)