| Big data at the Two Sessions: Post-60s are most concerned about 5G and blockchain; Bitfinex investors are strongly bullish on ETH

黄雪姣

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2020-05-25 07:28 (UTC+8)

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Will ETH be the new story after Bitcoin halving?

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Will ETH be the new story after Bitcoin halving?

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On May 22, Baidu released "Baidu Search Big Data to Watch the Two Sessions (Part 1)", which interprets the topics that netizens care about and pay attention to. The report shows that groups of different age groups have different concerns. The post-90s generation is the most active group in the search for personal taxation, employment and pension issues; the post-00s generation pays more attention to topics such as poverty alleviation and rural economy. In contrast, the “Qianlang” post-60s are most interested in searching for new technologies such as 5G and blockchain. (Hualong.com)

digital currency

Data Shows: Investors on Bitfinex Are Strongly Bullish on ETH

According to Bitfinex data, there are currently $361 million worth of long ETH positions on the platform. While that’s less than 2% of the asset’s total market capitalization, it’s well above the $150 million seen at the peak of last year’s bull market. This means that investors on Bitfinex are more bullish on ETH than ever. Even so, cryptocurrency analyst Teddy Cleps said that while ETH has rebounded about 4% from a one-week low, from a technical analysis point of view, ETH is still in danger. IntoTheBlock also pointed out that according to the order data, there are more investors who intend to sell ETH than those who intend to buy. Additionally, the momentum of on-chain activity has also slowed. (Bitcoinist)

Data: After the first halving, BCH fundamental indicators continued to decline

More than a month after the halving of BCH, its fundamental performance continues to decline. Investment management company ARK Invest analyst Yassine Elmandjra tweeted on Sunday that the BCH computing power is currently 2.38 EH/s, a drop of 33.5% from before the halving. Economic activity on the BCH chain also seems to be at a standstill, with BCH transactions accounting for only 5.2% of all new transactions on BTC, BCH, and BSV. As a result, BCH miners’ transaction fee income only accounts for about 0.05% of total income, while BTC miners There is more than 10% of the transaction fee income. These factors put the BCH chain at risk of a 51% attack. According to the data provided by Crypto51, it only costs about $8,300 to attack BCH for an hour. (BeInCrypto)

Bitcoin and cryptocurrencies will be at the center of an upcoming client conference call at investment banking giant Goldman Sachs. The conference call is scheduled for Wednesday, May 27 at 10:30 p.m. Beijing time, with the theme of "U.S. economic outlook and the impact of current policies on inflation, gold and Bitcoin," and will focus on macroeconomic trends and their impact on financial markets . It is reported that the meeting was chaired by Mossavar-Rahmani, the chief investment officer of Goldman Sachs, who had been pessimistic about Bitcoin and Ethereum many times before.

Opinion: Goldman Sachs' upcoming conference call includes bitcoin, proving its clients are genuinely interested

Although Goldman Sachs' conference call has not yet begun, it is unclear what the company will say about Bitcoin, but many in the industry have taken the news as a positive signal. One commentator said the call confirmed the real demand for BTC from customers. (Bitcoinist)

Wu said blockchain: a mine in Lanzhou was blocked for defaulting on electricity bills of 50-60 million to the State Grid, and small miners defended their rights

Blockchain industry

Wu said blockchain: a mine in Lanzhou was blocked for defaulting on electricity bills of 50-60 million to the State Grid, and small miners defended their rights

The closure of the 120,000-load Duomi mine in Lanzhou continued to simmer. This week, an employee of a company went to move the machine and was detained by the park security. According to the investigation, on February 29, 2020, the State Grid Lanzhou Power Supply Company stopped the power supply of the mine on the grounds that the main party of the mine owed the State Grid 50-60 million in electricity charges. A source said that the dispute over the arrears of electricity bills was due to the fact that the mine was first applied for by an IDC computer room, so there was an electricity subsidy. However, the local staff of the State Grid did not recognize this, and the relevant government management personnel did not clear it up, resulting in the cancellation of the subsidy, and then the snowball became bigger and bigger, resulting in more than 50 million electricity bill arrears. Subsequently, State Grid took the mine to court and applied for property preservation, and the mining machines hosted by users in the mine were seized by the court. After the seizure, the owners of some mining machines are applying for unblocking. At present, several mining machines have been unblocked, and the mining machines have been pulled to the mines in Sichuan and Xinjiang.

Li Xiuxiang, deputy to the National People's Congress and director of the Trade and Environment Research Center of Jiangxi University of Finance and Economics, submitted a proposal on "how to prevent young people from indulging in online games". Li Xiuxiang believes that it is necessary to establish a national-level online game anti-addiction platform and use blockchain and other technologies for comprehensive governance. With the help of the distributed ledger technology of the blockchain, the user's identification and anti-addiction data are recorded on the chain, and the anti-addiction data of all games logged in by teenagers is centralized and unified. All game companies record the online duration of users on the same ledger, which can strictly and accurately record and control the time when teenagers log in to the game. Government regulators and parents can view the relevant data on the chain according to their authority, and take corresponding regulatory measures according to the situation. (China News Network)

Investment and Financing

Bitmain Hong Kong company newly invests in silicon-based voyage technology, Ge Yuesheng serves as legal representative

On May 23, Tianyancha information showed that Bitmain Technologies Limited, a Hong Kong holding company of Beijing Bitmain, added a new foreign investment company, Beijing Siji Yuanhang Technology Co., Ltd., with a subscription amount of 10 million yuan. The company has Ge Yuesheng as the legal representative, manager and executive director, and Liu Luyao as the supervisor. The company was established on May 20, 2020, and is 100% controlled by Bitmain Technologies Limited.

Stelian Balta, CEO of HyperChain Capital, a digital asset hedge fund focused on blockchain technology, said that in the next two years, the fund will invest about $50 million in the blockchain ecosystem. Stelian Balta is adamant that DeFi is still making steady progress, and despite some major setbacks this year, cross-platform interoperability will remain a focus. He believes that if Ethereum-based DeFi applications can start to unlock the enormous value associated with Bitcoin and Bitcoin derivatives, this could be a huge growth area in the coming years. (Forbes)

global policy

On May 22, the Wyoming Special Committee on Blockchain, Financial Technology and Digital Innovation Technology held its first plenary remote meeting. The new ad hoc committee, originally announced on May 17, grew out of a previous blockchain working group. Chairman Chris Rothfuss commented on the committee's new powers: "It's a select committee that can support its own legislation. In the past, that's something a task force couldn't do." The meeting focused on digital property rights. (Cointelegraph)