| Exchange BTC balances fall to yearly lows; analysis: $50 million large transfer on XRP linked to PlusToken

黄雪姣

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2020-06-22 07:36 (UTC+8)

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Where did the money go from the exchange?

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Where did the money go from the exchange?

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Data: Bitcoin Network Demand Score Drops to Pre-March Market Crash Lows as Plenty of Options Contracts Are Expiring

Data: Exchange BTC balances fall to yearly lows

On June 20, Glassnode data showed that the exchange’s Bitcoin balance reached a one-year low of 2,622,421.463 BTC. The last 1-year low was on June 15, 2020 at 2633325.042 BTC. (U. Today)

digital currency

Data: Bitcoin Network Demand Score Drops to Pre-March Market Crash Lows as Plenty of Options Contracts Are Expiring

Due to the large number of contracts in the Bitcoin options market that will expire on June 26 (171,000 contracts, totaling approximately $1.6 billion), traders are now starting to build positions to reduce risk. One of the measures they take is to accumulate BTC and not trade it. This holding behavior by traders may be one of the reasons why Bitcoin’s on-chain fundamentals have taken a hit over the past week. The Network Demand Score fell to 2/6 this week, the lowest level since before the market crashed in early March, according to analytical data provider Arcane Research. (AMBCrypto)

The decentralized storage project Filecoin announced the launch of the Filecoin Ignite project and the HackFS hackathon. Filecoin Ignite consists of 6 main events. The global competition for Filecoin miners has been announced so far. The second event announced today is the HackFS hackathon held in cooperation with the ETHGlobal team.
Vitalik Buterin, the co-founder of Ethereum, said that high transfer fees may make the blockchain less useful than before, but he also revealed that Sparkpool had contacted him about this matter more than a month ago, and he opposed the decision to increase the gas limit. But the high fees for the past 6 weeks have brought real stress, so don't blame the decision. (Bitcoin Exchange Guide)

Filecoin launched the Filecoin Ignite project with a total prize pool of 4 million FIL

The decentralized storage project Filecoin announced the launch of the Filecoin Ignite project and the HackFS hackathon. Filecoin Ignite consists of 6 main events. The global competition for Filecoin miners has been announced so far. The second event announced today is the HackFS hackathon held in cooperation with the ETHGlobal team.
Filecoin stated that HackFS is a 30-day online hackathon event aimed at building a foundation for a distributed network. Developers will build dapps, games, developer tools, DeFi integrations and other technologies using distributed storage. At the same time, many activities in Ignite will set considerable rewards for powerful developers and miners, and the total reward pool is expected to exceed 4 million FIL and $250,000.

Filecoin stated that HackFS is a 30-day online hackathon event aimed at building a foundation for a distributed network. Developers will build dapps, games, developer tools, DeFi integrations and other technologies using distributed storage. At the same time, many activities in Ignite will set considerable rewards for powerful developers and miners, and the total reward pool is expected to exceed 4 million FIL and $250,000.

The Accounting Oversight Board of Public Companies of the United States Issues Guidance on the Accounting Treatment of Encrypted Assets

The U.S. Public Company Accounting Oversight Board (PCAOB) recently issued guidance to auditors regarding the accounting treatment of cryptoassets such as Bitcoin. The document states that audit committees may consider questioning their auditors when transactions involving or holding crypto-assets have a material impact on the issuer’s financial statements. (JDSUPRA)

Scammers use SpaceX video to defraud over $2 million in BTC
According to self-media Wu Shuo blockchain news, in the early morning of June 20th, Ketuan Zhan issued a statement on his personal official Weibo. A few new details:

Blockchain industry

We Media: The announcement on the official website shows that Ketuan Zhan can only sell inventory, but cannot produce and sell new products and futures

According to self-media Wu Shuo blockchain news, in the early morning of June 20th, Ketuan Zhan issued a statement on his personal official Weibo. A few new details:
First, in response to Zhan's relatives controlling the supply chain in Shenzhen, Hong Kong Bit controlled the procurement and supply of chips, and thus interrupted the supply of chips to Shenzhen. This will cause Zhan to only be able to sell inventory, but unable to produce and sell new products and futures. However, Zhan can also place an order with TSMC after receiving the futures payment. Second, if Zhan obtains the support of the Cayman shareholder meeting, Zhan can also make adjustments to the Cayman bit or the Hong Kong bit. At present, Zhan is launching a lawsuit in Cayman, the core of which is whether Zhan’s more than 50% of voting rights are effectively cancelled. According to the articles of association of BitCayman, voting rights are invalid when the articles of association are changed. Therefore, Zhan, who holds 36% of the shares, still needs to fight for more shares, which is why he is currently acquiring employee shares.

First, in response to Zhan's relatives controlling the supply chain in Shenzhen, Hong Kong Bit controlled the procurement and supply of chips, and thus interrupted the supply of chips to Shenzhen. This will cause Zhan to only be able to sell inventory, but unable to produce and sell new products and futures. However, Zhan can also place an order with TSMC after receiving the futures payment. Second, if Zhan obtains the support of the Cayman shareholder meeting, Zhan can also make adjustments to the Cayman bit or the Hong Kong bit. At present, Zhan is launching a lawsuit in Cayman, the core of which is whether Zhan’s more than 50% of voting rights are effectively cancelled. According to the articles of association of BitCayman, voting rights are invalid when the articles of association are changed. Therefore, Zhan, who holds 36% of the shares, still needs to fight for more shares, which is why he is currently acquiring employee shares.

Xiying Video and Beijing Institute of Technology jointly develop a film and television blockchain platform

At the beginning of this year, Xiying Video and Beijing Institute of Technology carried out in-depth cooperation to jointly develop and promote the application and development of blockchain technology in the fields of film and television and network audio-visual. The joint research and development team of the two parties proposed a "film and television alliance chain" based on the application of Internet blockchain technology, which fully integrates film and television group intelligence, film and television resources, film and television creation, film and television operations, and film and television transactions in the alliance chain. (Xinhuanet)

UNICEF Cryptocurrency Fund Invests 125 ETH Each in 8 Projects

Investment and Financing

UNICEF Cryptocurrency Fund Invests 125 ETH Each in 8 Projects

The UNICEF Cryptocurrency Fund (UNICEF Cryptocurrency Fund) announced that it will invest 125 ETH in 8 projects to help these projects develop, test prototypes, and scale up technology within six months. These eight projects are: Afinidata, Avyantra , Cireha, Ideasis, OS City, StaTwig, Somleng and Utopic.
It is reported that all invested companies have previously received funding of up to $100,000 from UNICEF’s Innovation Fund, and these projects are now accepting cryptocurrencies to continue to develop their open source and digital public products. (UNICEF official website)

global policy

Cambodia Releases White Paper for Blockchain-Based Payment Project Bakong
The white paper shows that the project can operate between Bakong digital accounts and traditional accounts, keep accounts on distributed ledgers, adopt a consensus mechanism called "Yet Another Consensus", and each transaction takes 5 seconds or less Inside. At the same time, the throughput of the network is between 1000 and 2000 TPS, the throughput depends on the technical specifications, and the project has the potential for expansion.

Character·Voice

Xiang Lipeng, Institute of Electronics, Ministry of Industry and Information Technology: The global economy has been "confused" for 10 years, and the digital economy has become the key to cracking it

On June 21, Xiang Lipeng, a senior engineer at the Fifth Electronics Research Institute of the Ministry of Industry and Information Technology, gave a keynote speech on "Layout: Blockchain Technology and Application Market Road" at the 2020 Blockchain Innovation and Application Forum He pointed out that the changes in the international geopolitical pattern have intensified, and the growth centers of developed countries have declined, which has dragged down the development of the global economy. The "confused period" of the global economy has lasted for 10 years and will continue for a long time. In addition to the spread of the global epidemic, capital short-selling sentiment is high. All major international economies have chosen to empower the real economy in unanimous agreement, trying to break through the development problems, but each has its own focus. my country is directly pointing to the development of the digital economy to empower the real economy and expand domestic demand for consumption. The digital economy has become the key to solving the problem. However, there is no precedent for the difficulty. . (Golden Finance)

Ex-Goldman Sachs executive: Bitcoin is ready to rebound, dollar weakness will push BTC to new highs

Former Goldman Sachs executive Rob Koyfman says bitcoin is ripe for a big rally after months of consolidation. Koyfman, now the founder and CEO of market intelligence firm Koyfin, said the Fed’s determination to print money and boost the economy could end up weakening the U.S. dollar, the world’s reserve currency, while also driving BTC higher. Bitcoin is primed for a rally, according to Koyfman, who believes a weak dollar will push it above its all-time high of around $20,000. (The Daily Hodl)

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