| Zhang Jian announced the FCoin restart plan; Bitfinex said it had repaid a $200 million loan to Tether

黄雪姣

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2020-03-02 08:16 (UTC+8)

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Is there still a play for the restarted FCoin?

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Is there still a play for the restarted FCoin?

headlines

Data: Correlation between Bitcoin and S&P 500 hits 3-month high

digital currency

Data: Correlation between Bitcoin and S&P 500 hits 3-month high

Skew data shows that the correlation between Bitcoin and the S&P 500 has trended higher since the stock sell-off earlier this week, reaching a three-month high. As of February 29, the correlation between the two was +28% within 1 month. The last time the correlation was above 25% was in late January, when both cryptocurrencies and stocks were on the rise. (AMBCrypto)

Ethereum-Based Decentralized Exchange Monthly Trading Volume Hit Record High

According to data from the Ethereum analysis website Dune Analytics, in February 2020, the transaction volume of Ethereum-based decentralized exchanges exceeded 372 million US dollars, an increase of 62% from the previous month, setting a record high in the history of single-month transaction volume. Transaction volume in February surpassed the all-time high of $358 million in July 2019. (The Block)

Block.one: Coinbase Inaccurately Describes EOS Network Performance 'Decline'

Recently, Coinbase said that due to concerns about the performance of the EOS network, it suspended the deposit and withdrawal of EOS. In response, Block.one responded that: Coinbase’s description of the “decline” of EOS network performance was inaccurate. Through communication with Coinbase, it was found that the problem lies in the compatibility and scalability between the EOSIO software and the monitoring tools that Coinbase must run. Block.one also stated that by updating the EOSIO software, Coinbase will be able to optimize the compatibility of its tools and better meet its needs to monitor all economic activity. (MEET.ONE)

Bitfinex says it has repaid another $100 million loan to Tether

Cryptocurrency exchange Bitfinex said on Friday (February 28) that it has repaid $100 million to Tether after withdrawing $700 million from Tether's reserves last year. The exchange previously said it had repaid $100 million to Tether through a loan agreement in July 2019. According to a previous announcement from the New York Attorney General’s Office, the loan was to cover Bitfinex’s estimated financial losses of $850 million after Bitfinex’s payment processor, Crypto Capital, saw its funds seized by authorities. The second payment, announced by Bitfinex on Friday, was again wired in fiat currency to Tether’s bank account. (The Block)

Study: 98% of Bitcoin Mining Machines Are Nearly Obsolete, Generating More Electronic Waste Than Luxembourg

Blockchain industry

Study: 98% of Bitcoin Mining Machines Are Nearly Obsolete, Generating More Electronic Waste Than Luxembourg

According to new research conducted by PwC blockchain expert Alex de Vries, after the halving in about ten weeks’ time, 98% of old mining rigs will go straight to landfill because they only have one use case. BTC already generates more e-waste than the entirety of Luxembourg (more than 10,000 tons per year), and this number is expected to increase after the halving.

Red Swan, a New York-based commercial real estate marketplace firm, has tokenized $2.2 billion in real estate via security token platform Polymath. Red Swan CEO Ed Nwokedi said $780 million of that was pre-sold to investors, and the company plans to tokenize another $4 billion in real estate. Nwokedi said the $2.2 billion in tokenized assets represented 16 different Class A commercial real estate properties located in Austin and Houston, Texas; Brooklyn, New York; Oakland, California; and Ontario, Canada. (CoinDesk)

Investment and Financing

global policy

Bank of England deputy governor: central bank digital currency has benefits, but it will bring deep risks

Bank of England Deputy Governor Jon Cunliffe said this week that a central bank digital currency could provide a risk-free form of money and offer businesses and individuals a competitive payment system. A central bank digital currency could also provide better monetary control. However, although the central bank's digital currency has these benefits, it may bring deep-seated risks. For example, “stablecoin-related initiatives address broader regulatory issues such as competition, data protection, anti-money laundering, and countering terrorist financing.” (CrowdFund Insider)