| "Bitcoin broke through 150,000 RMB at the end of the year" ranked third on Zhihu's hot list; Binance established a $10 million fund to support the Polkadot ecological project

黄雪姣

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2020-12-24 08:52 (UTC+8)

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People who eat melons are still discussing whether Bitcoin is a scam or not?

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People who eat melons are still discussing whether Bitcoin is a scam or not?

headlines

According to the homepage of Zhihu, the question "Bitcoin has exceeded 150,000 RMB per coin at the end of 2020. Is Bitcoin a scam?" It was listed on the Zhihu hot list and now ranks third, with 11.3 million popularity.

digital currency

Binance's 2020 Total Trading Volume Exceeds $3 Trillion, Hitting a Record High
Binance released the 2020 Crypto Industry Trend Report, the main points are as follows:
1. The encryption market is expanding rapidly, and the market value of the entire encryption asset has increased by 3.3 times in 2020.
2. The enthusiasm of institutions to participate in encrypted assets has never been higher. Binance 2020 institutional users increased by 46% compared with last year.
3. The total trading volume of Binance exceeded 3 trillion US dollars, reaching the highest value in history.
4. The rising market in Q4 has led to everyone's attention to Bitcoin, which is also the most popular encrypted asset on Binance this year. In the spot and contract markets, the most popular trading pairs: BTC-USDT, ETH-USDT.

5. Obtaining "passive income" through encrypted assets has become an important topic this year. The wave of DeFi innovation has brought about liquidity mining, income farming, and the trend of encrypted asset lending. Users are flocking to Binance’s financial products, among which Binance Bao is the most popular.

BTC short-term rose to 24150 USDT and then fell back

OKEx quotes show that BTC rose to 24150.0 USDT in a short-term last night, then fell back, and is now at 22980 USDT. (Data source: BitUniverse)

Report: Bitcoin Active Addresses Increased Over 105% This Year
According to the latest network status report released by Coin Metrics, the number of active Bitcoin addresses has grown by more than 105% this year, with a maximum of 1.2 million.

As a rule of thumb, the higher the number of active addresses, the healthier the market and vice versa. From this point of view, the current number of Bitcoin active addresses means that the Bitcoin market is doing well. Coin Metrics reports that this is the healthiest Bitcoin market has been since 2017. The healthy market is attributed to increased institutional adoption of Bitcoin. In the past few months, led by MicroStrategy and Square, a large number of institutional investors have poured into the Bitcoin market. Last month, Pantera Capital claimed that Square and PayPal together gobbled up nearly all of the newly mined bitcoin, creating a shortage in the market. The Coin Metrics report predicts that Bitcoin is on the verge of reaching unprecedented heights in 2021 as momentum continues to build. (Coinjournal)

Ripple sends 133 million XRP to its co-founder Jed McCaleb's wallet
Whale Alert monitoring data shows that at 15:32 today, Ripple sent 133,152,660 XRP to the wallet of its co-founder Jed McCaleb.

According to previous reports, Whale Alert monitoring data showed that on December 9, Ripple co-founder Jed McCaleb received about 266,305,310 XRP from Ripple, with a total value of about 148 million US dollars; after that, McCaleb transferred nearly 10% of the total amount, totaling 29.5 million XRP has been sold through exchanges. On December 1, McCaleb received a transfer of 113352755 XRP from Ripple.

The Yam Finance community voted to cancel the Rebase mechanism

On December 23, the Yam Finance community passed a vote, and finally more than 889,000 YAMs agreed, and more than 19,600 YAMs opposed it. With a support rate of 97.84%, it was decided to cancel the Rebase mechanism.

According to the official Twitter, as of December 23, the total asset management scale of Grayscale rose to 16.4 billion US dollars. The Bitcoin Trust (GBTC) traded at $28.87 per share, down 5% from the previous day; the Ethereum Trust (ETHE) traded at $19.66 per share, down 15.98% from the previous day.

Blockchain industry

Enterprise search shows that recently, Xiaomi Digital Technology Co., Ltd. publicly applied for a blockchain-related patent. The patent title is "Method, device, readable storage medium and blockchain network for generating blockchain", and the patent publication number is CN112102081A . The patent abstract shows: the present disclosure relates to a method, device, readable storage medium and blockchain network for generating a blockchain, so as to increase the capacity of the blockchain. The method includes: obtaining relevant information of each participant node to be registered in the block chain network; determining the target participant node corresponding to each service channel in the block chain network according to the relevant information of each participant node.

Investment and Financing

Binance established a $10 million fund to support the development of Polkadot ecological projects

On December 24, 2020, Binance announced the establishment of a $10 million fund to empower innovative projects in the Polkadot ecosystem. The fund is based on Binance new currency mining. In addition to investment opportunities, qualified Polkadot ecological projects will also receive more resources provided by the Binance ecosystem: millions of customer contact resources, media distribution, knowledge sharing, Financing, derivatives, financial management and other general resources and financial support. Project selection criteria will be consistent with Binance X, Binance Labs, and Binance Launchpad.

HydraDX, a cross-chain liquidity provision protocol based on Polkadot Substrate, announced its seed round investors, led by KR1 and Hypersphere, and participated by CMS Holdings, Tenzor Capital, DFG and other institutions. HydraDX did not disclose the specific financing amount. In addition, HydraDX also joined the Substrate Builders Program. HydraDX says progress will be made in the coming weeks with the release of the white paper, connecting to Rococo V1, and launching an incentivized testnet.

Swiss crypto bank SEBA raises $22.5 million in Series B funding

Swiss crypto bank SEBA announced that it has received 20 million Swiss francs (about 22.5 million US dollars) in Series B financing. SEBA did not disclose who financed the round. However, SEBA chief marketing officer Sandra Frank Dudler said that all key shareholders and new shareholders from Switzerland, Europe and Asia participated in the financing. Swiss banking regulator FINMA is said to have recently been disturbed by SEBA's strong support from Asian investors, media outlet Finews previously reported. The regulator wants SEBA to ensure that as much as half of the new funding round comes from Swiss investors. (The Block)

HydraDX, a cross-chain liquidity provision protocol, received seed round financing led by KR1 and Hypersphere

global policy

US President's Financial Markets Task Force Issues Statement on Stablecoin Regulation
The U.S. President’s Working Group on Financial Markets (PWG) said stablecoins should meet the same regulatory standards as other aspects of the financial system. The PWG includes representatives from the Treasury Department, the Federal Reserve, the Securities and Exchange Commission and the Commodity Futures Trading Commission. The task force on Wednesday released a new statement on stablecoin regulatory considerations, detailing how it views the use of stablecoins for retail payments and seeking public feedback on the issue.

Stablecoins must meet appropriate money laundering and oversight requirements, the document said. In the case of mass adoption of stablecoins in the US, primarily for retail payments, the associated risks may require additional safeguards. The Office encourages relevant actors involved in the design of such stablecoin arrangements and their functional, operational, trading, and risk management to be consistent with key principles.

According to Globes, the Israeli tax authorities are issuing notices to cryptocurrency holders in the country, requiring them to fully disclose their cryptocurrency holdings so that they can be taxed accordingly. The report further revealed that the tax department has issued notices to several encryption exchanges operating at home and abroad, requesting detailed reports on Israelis trading digital assets around the world. (Coingape)