Blocker Weekly: Under the plunge, Bitcoin actually only fell by 10% in the first quarter; why is decentralization not as important as you think?
Keywords of this issue:
Keywords of this issue:
Bitcoin, Ethereum 2.0, Central Bank Digital Currency, Telegram, Mutual Finance Association Tips Risks, People's Daily Online, Decentralization, Yaoqian, Liu Changyong, Stablecoins.
1. Xi Jinping: Using cutting-edge technologies such as big data, cloud computing, blockchain, and artificial intelligence to promote the innovation of urban management methods, management models, and management concepts
According to Xinhua News Agency, from March 29 to April 1, Xi Jinping, General Secretary of the CPC Central Committee, State President, and Chairman of the Central Military Commission, accompanied by Che Jun, Secretary of the Zhejiang Provincial Party Committee, and Yuan Jiajun, Governor of Zhejiang Province, visited Ningbo, Huzhou, Hangzhou and other places. , Go deep into ports, enterprises, rural areas, ecological wetlands, etc., and conduct research on the overall promotion of the prevention and control of the new crown pneumonia epidemic and economic and social development. In the Hangzhou City Brain Operation Command Center, Xi Jinping pointed out that to promote the modernization of the national governance system and governance capabilities, we must do a good job in the modernization of the urban governance system and governance capabilities. Using cutting-edge technologies such as big data, cloud computing, blockchain, and artificial intelligence to promote the innovation of urban management methods, management models, and management concepts, from digitization to intelligence and then to intelligence, to make cities smarter and smarter is to promote The only way to modernize the urban governance system and governance capacity has broad prospects.
2. Yao Qian: The central bank can use blockchain to integrate distributed operations to better achieve centralized control over CBDC
On April 2, according to China Business News, Yao Qian, former director of the Digital Currency Research Institute of the People's Bank of China and director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission, published an article "Blockchain and Central Bank Digital Currency". The article pointed out that the central bank digital currency experiments in most countries are currently based on blockchain technology. But to this day, whether CBDC adopts blockchain technology is still controversial. A typical view is that there is a conflict between the decentralization of blockchain and the centralized management of the central bank. Therefore, it is not recommended that CBDC adopt this technology. Yao Qian believes that although the technical feature of the blockchain is that it does not rely on the central organization, it does not mean that it cannot be incorporated into the system of the existing central organization. Effectively integrated to better realize the centralized control of CBDC, there is no inevitable conflict between the two.
3. Judge rejects Telegram's request to issue Gram tokens only to non-US investors
On April 1, U.S. District Judge P. Kevin Castel for the Southern District of New York rejected Telegram's request to issue Gram tokens only to non-US investors. The judge said Telegram's claim that it could issue tokens only to non-U.S. investors and ensure that the tokens would not reach U.S. investors was unconvincing, and that Telegram did not actually explain how it could prevent secondary sales , nor did it explain how it could reasonably amend the Gram purchase agreement to set such restrictions (for U.S. investors).
4. State Post Bureau: Create smart logistics and accelerate the deep integration of 5G, big data, cloud computing, artificial intelligence, blockchain and the Internet of Things with the manufacturing supply chain
On April 2, the State Post Bureau issued the "Opinions on Promoting the Deep Integration and Development of the Express Industry and Manufacturing Industry". The document stated that it is necessary to build smart logistics. Accelerate the deep integration of 5G, big data, cloud computing, artificial intelligence, blockchain and the Internet of Things with the manufacturing supply chain, and improve the informatization, automation and intelligence of infrastructure, equipment and operating systems. Promote key breakthroughs. In the pharmaceutical industry, speed up the R&D and application of technical equipment such as blockchain, radio frequency identification (RFID), cold chain air conditioners, refrigerated vehicles, and temperature and humidity sensors, encourage express delivery companies to obtain qualifications for medical storage and distribution in accordance with the law, and accelerate the construction of a nationwide Process, traceability, and high-efficiency cold chain pharmaceutical logistics network.
5. Internet Finance Association of China: Risk Reminder on Participating in Speculation on Overseas Virtual Currency Trading Platforms
On April 2,the WeChat public account @中国Internet Finance Association released the "Risk Reminder on Participating in Speculation and Hype on Overseas Virtual Currency Trading Platforms". The article pointed out that in 2017, the People's Bank of China, together with seven departments including the Central network Information Office, issued the "Announcement on Preventing the Risks of Token Issuance and Financing", clarifying that virtual currency transactions and ICO behaviors are illegal financial activities, and carry out clean-up and rectification work. In order to evade regulatory crackdowns, s ome virtual currency trading platforms registered or set up their servers overseas to continue to engage in related activities.
These platforms often use various gimmicks to attract consumers' attention, and also use robot programs to brush volumes and tamper with data to create the illusion of "prosperity" in the virtual currency trading market. It should be noted that due to the “going to sea” operation, the operators of these platforms are relatively hidden. They evade the crackdown of the regulatory authorities by frequently changing the domain name and server address of the website, as well as adopting methods such as online diversion and offline transactions. , Office location and business development area are often different, consumers are often unable to determine the identity of the operator, and it is difficult to recover property loss once it occurs.
For this reason, the Internet Finance Association of China solemnly reminds that consumers should take the initiative to enhance their awareness of risk prevention and self-protection, and not blindly follow the trend to participate in relevant speculative activities. The Internet Finance Association of China reported that those suspected of illegal crimes should be reported to the public security organs in a timely manner.
6. Brazil's financial regulator launches a blockchain platform for information sharing
According to foreign media news, the Brazilian financial regulator launched an information sharing blockchain platform called PIER on Wednesday, which will obtain data from three of Brazil's four major financial institutions, including the Private Insurance Supervisory Agency (SUSEP), the Central Bank (BCB) and the Central Bank (BCB). and securities regulator (CVM). Social security watchdog PREVIC also plans to join. Reported uses of the platform include conducting background checks on political appointees.
7. People's Financial Review: Be alert to the consumption trap of "virtual currency is a safe-haven asset that surpasses gold and silver"
On April 5, People's Daily Online published a commentary article "Is virtual currency a safe-haven asset beyond gold and silver? Fake! ". The article pointed out that due to the impact of the new crown epidemic, the international financial market has fluctuated greatly recently. In this special period, ordinary people are particularly vulnerable to false information, giving criminals more opportunities to take advantage of it.
Some trading platforms took the opportunity to hype that "virtual currency is a safe-haven asset beyond gold and silver", which is essentially a consumption trap for speculators to trick consumers into participating in virtual currency transactions for profit. Investors should be soberly aware that the virtual currency trading market is a completely speculative market that is outside the sight of conventional supervision, and there are serious illegal problems such as market manipulation.
Some virtual currency trading platforms evade domestic supervision by setting up servers overseas, changing the place of registration to overseas, and at the same time, the founders and key team members are stationed overseas. However, the transaction funds still come from domestic sources, and most of the investors are ordinary domestic investors. Due to the lack of effective supervision, the speculative methods that exist in the secondary stock market are more prominent in the virtual currency market, and forms such as leveraged investment and off-site capital allocation are common.
1. Binance Research | How the recent market crash has affected digital currencies
COVID-19 was partly to blame for the market slump, which resulted in negative price changes in most traditional asset classes. Prices of BTC and other digital currencies also fell sharply in mid-March following the global turmoil, in line with other assets such as stocks. Although BTC showed a significant positive correlation with U.S. stocks in the first quarter of 2020, this high correlation coefficient is still unlikely to continue in the medium to long term.
2. Why decentralization is not as important as you think
One of the favorite weapons of attack among the crypto tribes is to criticize the "not enough decentralization" of rival projects from all angles. But is it possible to pursue 100% pure decentralization from the very beginning? In the end, decentralization is only a means to achieve project security and a method to achieve the ultimate goal. It is an important property of cryptographic items, but not all properties.
3. Changyong: The "danger" and "opportunity" of crypto assets in the rare global economic crisis」
The encryption economy is to solve the problems that the Internet economy is currently encountering, information security issues, and information monopoly issues. It can also solve the problem of legal currency. Decentralized currency, decentralized finance, and decentralized infrastructure in all aspects are ways to solve the current Internet economic problems and the current anti-globalization problems. In other words, to solve the regression of globalization that has occurred in recent years, the encryption economy is the key.
4. The industry urgently needs Ethereum 2.0, but it will take at least 2 years to be "available"!
The industry is looking forward to Ethereum 2.0, but it will take at least two years for Ethereum 2.0 to be "available". These two years may be the last time window for other blockchain 3.0s. Will blockchain 3.0 catch up? If Ethereum 2.0 is significantly delayed, will the public still have patience with the blockchain?
1. With the sudden tsunami, is there a safe haven in the encrypted blue ocean?
The entire March of 2020 is a very special January that can be recorded in history. The pandemic of the new crown epidemic and the start of the oil war have brought us to the brink of crisis without hiding. The global economy, finance, and society are all experiencing violent turmoil. This article will focus on the traditional capital market and the encryption market, and briefly review, analyze and look forward to the recent market.
2. Evolution history of blockchain 1.0 to 3.0: Is Bitcoin in Satoshi Nakamoto's vision dead?
In 2009, Satoshi Nakamoto left a sentence on the Bitcoin genesis block: "The Chancellor of the Exchequer is on the verge of implementing a second round of bank bailouts." Today, 12 years later, due to the impact of the world’s new crown epidemic, the world economy is once again in crisis. Within 10 days, the US stock market suffered 4 circuit breakers, the Federal Reserve burst its embankment and released water, and the digital asset market lost thousands of dollars overnight. Everything in the world is suffering, banks are indeed on the verge of emergency rescue again, but Bitcoin does not seem to be the "savior" yet
Although the U.S. dollar is still at the top of the "food chain" in the financial world and is also the "number one predator", as the new crown virus epidemic continues to expand and triggers a sustained economic recession, the U.S. dollar may also gradually become depressed. So, for the cryptocurrency industry, why should we care about the U.S. dollar? What does the dollar have to do with cryptocurrencies? In fact, global macroeconomics have long-term effects on both the US dollar and cryptocurrencies, and this article will explore some typical cryptocurrencies.
4. Comprehensive review of Q1 data in the encryption market: Bitcoin actually only fell by 10%
At the beginning of the new decade, Bitcoin, which is burdened with "risk-avoiding" and "halving benefits", has experienced unfavorable years, and its price has been halved, and even almost returned to zero, making retail investors who are not wealthy even worse. However, as an independent monetary system, Bitcoin recovered quickly from the "trauma". This article will review the currency market, stock market and gold in Q1 of 2020 from the data side. At the same time, it can be found that the digital currency market has shown strong resilience and elasticity after "super-speed deleveraging".
5. What does it mean for investors to sell Bitcoin and buy 1 billion stablecoins?
What does it mean for investors to dump Bitcoin and buy stablecoins? That's not a bullish sign, at least in the short term. As of March 3, the funds in USDT and USDC on the exchange were only 400 million US dollars. The total balance quickly increased by 150% in less than four weeks. The stablecoin data suggests investors are ready to put money back in when the crypto market stabilizes, and may be waiting for another drop in bitcoin prices before taking action.
1. Zhejiang Shuqin Technology announced the completion of the PreA round of financing of tens of millions of yuan
On April 2, Zhejiang Shuqin Technology announced the completion of the PreA round of financing of tens of millions of yuan. This round of financing was led by a number of industrial investors, big names in the financial industry and Koala Fund, and some angel investors followed suit. So far, Shuqin Technology has completed two rounds of financing, with a total financing amount exceeding RMB 100 million.
The founding team of Shuqin Technology is one of the earliest blockchain entrepreneurial teams in China. It mainly focuses on "big data + blockchain" and has solid blockchain underlying R&D capabilities and rich experience in information technology project construction. Products and services have been implemented in many fields such as banking, insurance, finance and taxation, securities, government affairs, justice, and big data.
2. Thesis completed financing of US$7.7 million, intending to introduce BTC into Ethereum DeFi
On April 3, Thesis, the development team of Keep Network and the venture capital studio, completed a round of financing of US$7.7 million led by Paradigm Capital, with participation from institutions such as Fenbushi Capital and Collaborative Funds.
"BLOCKER WEEKLY" is a cutting-edge reading of the blockchain industry carefully crafted by the Blockchain Research Institute. It selects a week's hot spots and cutting-edge views for blockchain enthusiasts. If you have good comments and suggestions, please leave a message in the comments below. You can also scan the code to join the WeChat group and participate in learning/activities/contributions/discussions.
"BLOCKER WEEKLY" is a cutting-edge reading of the blockchain industry carefully crafted by the Blockchain Research Institute. It selects a week's hot spots and cutting-edge views for blockchain enthusiasts. If you have good comments and suggestions, please leave a message in the comments below. You can also scan the code to join the WeChat group and participate in learning/activities/contributions/discussions.
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