Blocker Weekly: Can ETH ignite the next bull market; Bitcoin pricing power behind USDT negative premium is shifting

On May 12, the Shanghai Headquarters of the People's Bank of China published an article entitled "Financial Investment Anti-Fraud Technique, Practical Skills You Must Master". Financial management under the guise of "consumer rebates", "charity", "mutual aid", "virtual currency" and "blockchain" are all financial scams, and investors need to avoid investment traps. Don't blindly believe in publicity campaigns; don't blindly believe in introductions from acquaintances and experts; don't be tempted by high profits to invest blindly.

2. Central Bank: Actively use blockchain and other technologies to strengthen digital supervision capacity building

According to news on May 13, the first meeting of the Financial Technology Committee of the People's Bank of China in 2020 was held in Beijing. The meeting conducted research on financial technology theoretical research, planning guidance, application practice and other issues, and clarified the focus of the next step. The meeting emphasized that it is necessary to strengthen the application practice of regulatory technology, actively use big data, artificial intelligence, cloud computing, blockchain and other technologies to strengthen the construction of digital regulatory capabilities, continuously enhance the technical prevention capabilities of financial risks, and improve the professionalism, unity and penetration of supervision. sex.

3. Ministry of Industry and Information Technology: Promote the deployment and integration of cutting-edge technologies such as blockchain and edge computing

According to news from the Financial Associated Press on May 13, the Ministry of Industry and Information Technology issued guidance on the development of industrial big data. The opinion proposes to break through the key common technologies of industrial data. Accelerate the research and development and application of common technologies such as data aggregation, modeling analysis, application development, resource scheduling, and monitoring management, and promote the deployment and integration of cutting-edge technologies such as artificial intelligence, blockchain, and edge computing. Strengthen the research and development of industrial data security products. Carry out security technology research such as encrypted transmission, access control, and data desensitization to improve anti-tampering, anti-theft, and anti-leakage capabilities. Accelerate the cultivation of security backbone enterprises, enhance data security services, and cultivate a good security industry ecology. Cultivate a group of industrial big data solution providers for key industries. Accelerate the softwareization of industrial knowledge, technology, and experience, and cultivate and develop a number of industrial APPs for different scenarios.

4. The director of FinCEN in the United States confirmed that the focus of law enforcement by the regulatory authorities is on the compliance of virtual currency AML

Speaking at the Consensus Blockchain conference on May 13, Kenneth A. Blanco, director of the U.S. Financial Crimes Enforcement Network (FinCEN), confirmed that FinCEN and other federal authorities are focusing on financial crimes involving virtual currencies, especially virtual currency service providers. Whether the obligation to identify and report such activity has been met. FinCEN is the primary regulator and administrator of the Bank Secrecy Act, which imposes certain recordkeeping, reporting and other anti-money laundering (AML) compliance obligations on financial institutions, including money services businesses that transact in virtual currencies . Federal authorities have previously indicated that they will pay more attention to anti-money laundering compliance in the virtual currency space. But Blanco's speech this time is perhaps the clearest expression of this enforcement focus to date.

5. Chengdu: will promote the establishment of a digital asset trading center, and solidly promote the legal digital currency pilot

According to Sichuan News Network, on the morning of May 14, the third session of the 17th Chengdu People's Congress officially opened, and Chengdu Mayor Luo Qiang delivered a government work report. Luo Qiang said that Chengdu will speed up the construction of the western financial center. In-depth implementation of the "Jiaozi Star" economic securitization multiplication action plan to promote the accelerated construction of the Shanghai Stock Exchange, Shenzhen Stock Exchange, and the western base of the New Third Board. Accelerate the construction of a blockchain intellectual property pledge financing service platform, promote the establishment of a digital asset trading center, and solidly promote the legal digital currency pilot. He also pointed out that the new economy will be vigorously developed to cultivate new kinetic energy. Actively promote the construction of the National Digital Economy Innovation and Development Pilot Zone and the National New Generation Artificial Intelligence Innovation and Development Pilot Zone, accelerate the development of blockchain, 5G, 8K, artificial intelligence and other industries, and cultivate emerging business forms such as smart medical care, smart education, and unmanned economy. Planning and implementing a number of new infrastructure construction projects.

6. Central Bank of Myanmar Bans Digital Currencies Including Bitcoin

According to Sina Finance News, the Central Bank of Myanmar banned digital currencies including Bitcoin.

7. China UnionPay: Prevent the fraudulent use of investment in "blockchain" and "virtual currency" as a gimmick to lure "interests"

On May 15, China UnionPay officially released an article "Help Fight Illegal Transactions and Protect Payment Security Together". The article pointed out that May 15th is the publicity day for combating and preventing economic crimes. In order to help financial consumers prevent various illegal transaction activities, China UnionPay payment security experts issued relevant payment security tips based on relevant typical cases that have been solved by the police to promote Users enhance their awareness of risk prevention. China UnionPay payment security experts suggest that you must download APP from official channels, do not download illegal APP trading platforms in the name of "foreign exchange speculation", "cash loan", "loan", "blockchain investment", etc., and download APP through official application stores . Prevent high-profit financial management, use low investment to obtain high interest, "consumption rebates", invest in overseas equity, foreign exchange, invest in "block chain" and "virtual currency" as gimmicks to lure "interests" and implement fraud.

8. WoToken, a cryptocurrency MLM case involving more than 7.7 billion yuan, has completed the trial

WoToken, which involved more than 7.7 billion cryptocurrency pyramid schemes, has completed a public trial in Binhai County People's Court of Yancheng City. Among them, the main six defendants are suspected of organizing and leading pyramid scheme activities, covering up, concealing income, and harboring crimes. be judged. According to the appraisal center, from July 2018 to October 8, 2019, the WoToken platform had a total of 715,249 registered members with 501 layers of relationships; during this period, more than 286 million TEDA coins and more than 46,000 bitcoins were absorbed. 2.039 million Ethereum, 292,000 Litecoin, 56,000 Bitcoin Cash, and 6.841 million EOS. Calculated based on the digital currency price on the day of the incident, the total value of the above-mentioned cryptocurrencies was more than 7.769 billion yuan. It is worth noting that one of the main criminals in this case was previously involved in the Plustoken scam.

1. Wanzi explained the application and value of Bitcoin under the macro background of global release of water

Since the 2008 financial crisis, central banks have injected unprecedented amounts of new money into the global financial system. This has led to huge differences in wealth distribution, and this unbalanced wealth distribution has gradually evolved into a severe systemic risk. In the past few months, various market phenomena have shown that this risk has reached the brink of outbreak. Under such circumstances, the emergence of emerging asset classes represented by Bitcoin seems to have become the only way for the normal income class to protect themselves when this potential crisis breaks out at any time.

2. Stablecoins: symbiotic or parasitic?

As stablecoins account for an increasing proportion of the economic throughput of some public chains, people are beginning to have questions about the potential impact of stablecoins on the underlying blockchain system. Some analysts view stablecoins as "parasitic" on the underlying blockchain systems in which they circulate. The question is: if stablecoins prove to be more popular with traders than blockchain-native volatility tokens, will this jeopardize the security of the blockchain system? What does this mean for blockchain-native tokens?

3. Currency is flooding, choose Bitcoin: Hedge fund tycoon Paul Jones buys the full version of Bitcoin’s hedging logic

Paul Jones said that Bitcoin is "the best speculative tool", and nearly 2% of his assets are allocated to Bitcoin. Why does this investment tycoon, who is worth over $5 billion, has run hedge funds for 40 years, and manages hundreds of billions of dollars in funds, turn from critics of Bitcoin to think that Bitcoin may be "the best investment in the next ten years?" assets"?

4. Why is it impossible for Telegram, Libra, and Bitcoin ETF to bring large-scale users to the industry?

Under the goal of acquiring a large number of users, there are two development routes: the blockchain-endogenous route and the blockchain-external route. The endogenous route requires the emergence of killer applications to re-establish the anchor relationship in the hearts of users with a strong posture. The feasible solution of the external route is the strengthening of supervision. Through supervision, the public's inherent impression of the blockchain can be broken and the public's acceptance of the blockchain can be improved.

1. Behind the USDT negative premium: Bitcoin pricing power is being transferred

Since the "3.12" cryptocurrency market plummeted, USDT's off-market premium has continued to soar. USDT's off-market premium was as high as +8% at one point, and then continued to decline. The premium rate was close to zero on April 1, and then showed a rebound trend. On May 6, the premium rate dropped to zero again, and USDT has had a slight negative premium since then. This article will try to analyze the reasons behind the continuous negative premium from various data, and draw the conclusion that BTC in domestic exchanges is flowing out, and BTC in the hands of domestic investors is being exchanged by overseas "giant whales" with low-priced chips.

2. QKL123 Research Report | Currency Hoarding Indicators, Bubble Indicators, MVRV, SOPR, S2F... Essential Indicators for Bitcoin Hoarding

In the past ten years, Bitcoin has experienced many bulls and bears, but the fluctuations have been violent during the period, which implies a relatively large investment risk for ordinary investors. Although long-term holding can avoid the risks brought about by short-term price fluctuations, few people can really do this. For ordinary investors, it is extremely important to use some professional indicators to assist decision-making. In recent years, with the continuous development of the encrypted asset industry, various indicators related to Bitcoin have been successively excavated. Here, five indicators with very reference significance are selected for reference in decision-making.

3. The Ethereum 2.0 mortgage will be launched in July at the earliest. Can ETH explode the bull market?

As the largest technological transformation in the history of the "big brother of the public chain", Ethereum 2.0 is highly anticipated by the industry, and its progress has always attracted the attention of the community and investors. In the process of steadily progressing according to the plan, 2.0 is getting closer and closer to us. What people expect is not only the efficiency improvement of the blockchain network brought about by Ethereum 2.0, the change of the economic model, but also the future value of ETH. Once known as the "bull market engine", Ethereum, which brought the historical peak to the cryptocurrency market, can it ignite market sentiment again this time and bring the next stage of the bull market?