| Beijing Bitcoin ATMs survived for a week and then withdrew; Bitfinex platform currency LEO opened with a drop of more than 90%

黄雪姣

读者

2019-05-21 08:22 (UTC+8)

This article is about 3316 words, reading the full article takes about 5 minutes

"Bitcoin price surge is a symptom of Americans fearing an impending recession."

AI Summary

"Bitcoin price surge is a symptom of Americans fearing an impending recession."

headlines

Beijing Bitcoin ATM withdraws after less than a week

Recently, a bitcoin self-service purchase machine appeared in Beijing Yunji Hermitage Courtyard, which has attracted the attention of the industry. On May 20, Odaily found after a field visit that the machine was suddenly withdrawn less than a week after it went on the market. Liu Heming, the founder of the project, told Odaily that "due to policy considerations, the company will not launch in mainland China in the future." Liu Heming explained that the bitcoin cash machine that appeared in Yunji Courtyard on May 14 was an OTM. "Different from the centralized Bitcoin ATM cash machines on the market, the OTM is a decentralized design. The background of the machine is a C2C transaction matching mechanism, and the funds paid by the buyer are directly sent to the seller's Alipay or WeChat." Liu Heming explained that the team's Profit comes from machine sales. "Currently recruiting machine owners, share 5% of turnover."

Analysis: Bitcoin Prediction by Experts and Analysts on CNBC is Again a Contrarian Trading Signal

CNBC has long played a controversial role in the financial news industry. Last year, the predictions of experts and analysts on CNBC were about 95 percent accurate as a contrarian trading signal for BTC. 2019 continues as CNBC Fast Money’s Saturday night (May 18) tweet shows that Bitcoin is currently in a head-and-shoulders pattern, a chart pattern that typically signals a bearish move. Within minutes of the tweet, however, buyer interest in Bitcoin began to surge, eventually enough for Bitcoin to rise nearly $600 to test the $8,000 level again. Clearly, CNBC's current analysis should be taken with a grain of salt, especially as it attempts to apply technical analysis to unusually short-term charts. (Sludge feed)

On May 20, Cryptocompare, an encrypted data provider, released its April exchange evaluation report. Trading volumes on centralized cryptocurrency exchanges rose sharply in April this year, according to the data. In fiat-to-crypto trading, monthly traffic grew 85% overall, with Bithumb remaining the largest crypto exchange with $17 billion in sales, followed by Upbit and Bitfinex at $8.7 billion (up 20%) and $6.7 billion (up 114%). Among crypto-to-crypto exchanges, the average capacity increased by 57%. Unlike previous months, FCoin has the largest monthly transaction volume at $37.1 billion (up 300%), followed by OKEx and ZB at $35.1 billion (up 12.4%) and $32.4 billion ( an increase of 18.8%). In terms of decentralized exchanges (DEXs) in April, Ethermium topped the list with $194 million in sales. Decentralized trading platforms only account for 0.068% of the global spot trading volume. Another trend found in the report was a 124% increase in trading volume on exchanges using the transaction fee mining model.

digital currency

LEO opened first and then fell, with a drop of more than 90%

According to data from Bitfinex’s official website, LEO recently issued by Bitfinex opened for trading at 16:22 Beijing time. The opening price of LEO was 10.93 USD, which was 11 times higher than the previous private placement price (1.0 USD). But after about a minute, the price of LEO plummeted to 1.2USD. As of press time, the price of LEO is stable at around 1.06USD.

At 9:43 Beijing time, the address starting with 3fbaa transferred 30,790 ETH to the unknown wallet of d96ba. After inquiry, it was found that the address starting with 3fbaa was marked as "Cryptopia Hack" by Whale_Alert. According to previous news, on March 29, the address marked as "Cryptopia: Hack 2" by etherscan transferred 30,789 ETH to the address beginning with 3fbaa.

Blockchain application

NYSE Arca Files for Rule Change to Seek Listing of Its Bitcoin Investment Trust

NYSE Arca has formally applied to the U.S. Securities and Exchange Commission (SEC) for a rule change to allow its proposed bitcoin investment trust to go public. NYSE Arca is a U.S. bitcoin and U.S. Treasury bond investment trust managed by Wilshire Phoenix Fund, investing exclusively in bitcoin and short-term U.S. Treasury bonds. Coinbase’s custody arm acts as the custodian of the investment trust’s bitcoin, with $200 million insured. (CoinDesk)

global policy

IRS to Release Cryptocurrency Tax Guidance Soon

IRS to Release Cryptocurrency Tax Guidance Soon"In a letter to U.S. Congressman Tom Emmer, IRS Commissioner Charles Rettig said the agency is working on its first cryptocurrency tax guidance since 2014. The commissioner noted that guidelines will be published soon. Charles Rettig wrote in the letter: "I believe with you that taxpayers should clearly understand the basic issues related to cryptocurrency transactions and make issuing guidance a priority for the IRS." According to the letter, the IRS is Develop guidance on "acceptable methods of calculating the cost basis, acceptable methods of cost basis allocation and tax treatment against forks". Rep. Emmer later issued a statement saying,

I am pleased to hear that the IRS plans to issue guidance on this important issue. Taxpayers should be clear about several fundamental issues with federal taxation of these emerging assets. I look forward to seeing their upcoming proposals, working together to serve the American taxpayer. "(CoinDesk)

US SEC postpones ruling on VanEck and SolidX Bitcoin ETF until August 19

The U.S. Securities and Exchange Commission (SEC) has delayed its ruling on VanEck and SolidX’s Bitcoin ETF proposal. According to documents released on Monday (May 20) morning local time, the SEC will exercise its right to postpone the ruling for another 90 days to August 19. The document cites concerns such as protection against “fraud, manipulative behavior and practices” to support its decision, which may be related to the recent Tether and Bitfinex dispute and Bitstamp bitcoin price fluctuations. The U.S. SEC has once again postponed a decision on the Bitwise Bitcoin ETF proposal recently. (Ethereum World News)

Financial Action Task Force may finalize new international standards for regulating cryptocurrency companies next month

At the CoinDesk 2019 Consensus New York conference, U.S. Treasury Undersecretary for Terrorism and Financial Intelligence Sigal Mandelker said the global standard-setting body, the Financial Action Task Force (FATF), will finalize new international standards for regulating cryptocurrency firms next month. "We expect the FATF to adopt the final version of its explanatory notes in June, along with updated guidance to further assist countries and industry in meeting their obligations." While Mandelker did not mention the "travel clause," he did mention the U.S. Treasury Department The Financial Crimes Enforcement Network (FinCEN), a subsidiary of the Financial Crimes Enforcement Network (FinCEN), released 30 pages of clarification guidance on cryptocurrencies on May 9. Throughout the guideline, there is a “travel clause” as a guideline that cryptocurrency businesses must follow. Odaily Note: The so-called Travel Rule refers to the "transfer rules" promulgated by FinCEN in the United States. (CoinDesk)

At the 2019 Korea Future Forum (KFF) and Blockchain Technology Exhibition, Seoul Mayor Park Won-Soon (Park Won-Soon) emphasized the role of blockchain in storing data, noting that the value of data "has become more valuable than before." Important.” It said that the city of Seoul will implement blockchain to collect city and administrative data to support new services, such as an integrated citizen card authentication system, and tools to facilitate access to various administrative services. Park Won-soon said Seoul authorities have provided blockchain-enabled administrative services, including mobile electronic voting and car sales. (Queen.co.kr)