| BTC fell below $4,000, and a number of mainstream mining machines reached the shutdown price; ETH fell below the $100 mark, triggering large-scale liquidation of DeFi products
headlines
According to Huobi Global market, BTC fell sharply in the short term this morning, once falling below 4,000 USDT (minimum 3,999 USDT), and now rebounded slightly to 4,095 USDT, an intraday drop of 33.3%.
digital currency
MakerDAO: Will start MKR auction to repay $4 million in "bad debt"
MakerDAO: Will start MKR auction to repay $4 million in "bad debt"
dYdX: Increased minimum transaction size to 25 ETH / 5000 DAI
dYdX: Increased minimum transaction size to 25 ETH / 5000 DAI
Ethereum is severely congested: the handling fee is 15 times higher than yesterday, and the transactions to be confirmed are doubled
On the evening of March 12th, there was serious congestion in Ethereum. According to DappTotal data, the Ethereum transfer fee was 24.19 ETH for one hour at around 9:00 pm on March 11th. Reached 355 ETH, 15 times higher than yesterday.
A variety of mainstream mining machines have reached the shutdown currency price
A variety of mainstream mining machines have reached the shutdown currency price
FCoin: Data recovery has been carried out, and the mainstream currency assets of all original FCoin accounts have been converted into FUSD debts
7.35 billion IOST on the Ethereum chain were destroyed, worth nearly 29.88 million US dollars
7.35 billion IOST on the Ethereum chain were destroyed, worth nearly 29.88 million US dollars
The open-source Celo platform is still in beta and plans to officially launch its mainnet in April. The nonprofit, founded in 2017, has received $36.4 million in funding. The biggest difference between Celo and other blockchains is that payments in the Celo Dollar stablecoin can be sent to people's phone numbers rather than complex addresses.
Safety
Analysis of the incident in which a Chinese OTC exchange company was sued: Hackers laundered money in three steps and successfully realized part of the cash out
The PeckShield security team analyzed the ins and outs of the OTC acceptor money laundering incident by tracking a large amount of on-chain data. The victimized exchanges were Bter, Bithumb, Upbit, and Youbit. According to incomplete statistics, the loss was at least over 300 million US dollars. After the attack was successful, the hackers implemented a professional, thorough, and complex decentralized money laundering operation in three steps, and finally successfully realized Partial cash out.
Investment and Financing
Crypto Derivatives Exchange Phemex Completes $3.5 Million Series A Funding Led by NGC Ventures
Phemex, an encrypted derivatives exchange headquartered in Singapore, announced the completion of a US$3.5 million Series A financing, led by NGC Ventures, and several Morgan Stanley executives and others participated in the investment. The exchange hopes to use the new funding to expand into Russia, South Korea and Japan. Phemex co-founder Jack Tao said that after the new round of financing, the exchange’s total funding reached $5 million, with a post-money valuation of $50 million. He also revealed that Phemex plans to launch a new product next week aimed at “connecting traditional commodities with the world of cryptocurrencies.” And hope to add another 10 people on the basis of the existing 40-person team, involving multiple fields such as development, marketing and customer service.
global policy
Bank of England Governor Carney: The central bank has not yet decided whether to introduce digital currency
The French Financial Markets Authority (AMF) is proposing a regulatory sandbox across Europe to support the nascent security token industry. In a legal analysis on March 6, the AMF pointed out that the "Digital Lab" as a sandbox will run for three years, exempting projects from financial regulations such as MiFID and CSDR. AMF believes that these regulations restrict the development of the blockchain industry.
Character·Voice
Pan Zhibiao: If the computing power drops by 30%, miners need to store cash flow for half a month
Qi Ye, CEO of Huobi Global: Did not stop withdrawing coins, the current ETH network congestion caused delays
From the media: Zhu Wei, the co-founder of Biyin, withdrew from the shareholder, and responded that "it has no effect"
