In the past week, bitcoin, the highest-valued cryptocurrency, has continued to rise close to $ 10,000, continuing its upward momentum since 2020.
Cryptocurrency markets have seen significant upward momentum this week. Bitcoin rose from $ 9,300 on Monday to around $ 9,800 on Friday, and according to this trend, it is likely to break through $ 10,000 next week.
The price of bitcoin futures listed on the Chicago Mercantile Exchange (CME) once exceeded $ 10,000 on Friday, reaching its highest price since October 26. Over the past period, open positions of major crypto derivatives exchanges such as CME and Bakkt have surged, which has also pushed up the price of Bitcoin futures. On Wednesday, CME's open positions reached a five-month high of $ 249 million, an increase of 34.5% from $ 185 million two weeks ago.
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This week, social media Twitter added support for the Bitcoin emoji, and Twitter founder Jack Dorsey hopes that this emoji will become part of the universal web standard.
US Marshals will auction bitcoin worth nearly $ 40 million on February 18. Registered auctioneers will then bid to participate in the auction of 4,040 bitcoins. Auction participants must complete registration before February 12.
Ethereum 2.0 coordinator Danny Ryan said this week that Least Authority will release an audit report on Ethereum 2.0 Beacon Chain next week. Ryan said, "More urgent matters will be classified by blocking items on the v0.10.1 multi-client test network, and we will get audit results from Least Authority in the next week. Both will be for the next few months and even The final release date provides information. "
US District Court Judge Chris McAliley dismissed United American lawsuits against mining machine giant Bitmain and Kraken Exchange. The plaintiffs in the case have accused Bitcoin Cash supporters including Bitmain and its co-founders Wu Jihan, Kraken and its founders Jesse Powell and Roger Ver of manipulating the crypto during the hard fork of the cryptocurrency in 2018 The price of the currency.
The cryptocurrency Bitcoin SV, backed by Craig Wright, who claims to be Satoshi Nakamoto, completed the planned Genesis hard fork. This is also the first hard fork since Bitcoin SV and Bitcoin Cash parted ways in November 2018. Wright said in an interview this week that nChain, where he is chief scientist, plans to obtain 6,000 crypto and blockchain patents.
Wikipedia co-founder Jimmy Wales said in response to a promotional copy from the promoter of Bitcoin SV and the organizer of the London CoinGeek conference, "Your marketing materials need to be updated immediately. This makes people seem to think I'm endorsing Bitcoin SV. I To express ourselves, BSV does not provide any services to Wikipedia, and we have zero chance of using it. "
Tron was also a hot spot in the crypto market this week. Tron founder Sun Yuchen tweeted on Thursday that he had dinner with Buffett at a private country club in Omaha, Nebraska on January 23. Other participants include Litecoin founder Li Qiwei, eToro CEO Yoni Assia, Huobi Chief Financial Officer Li Shubo, and Binance Charity Foundation Helen Hai.
Earlier this week, the total supply of TRX tokens exceeded the 100 billion mentioned in the white paper, and the Tron community accused Sun Yuchen of intentionally deceiving the community. In response, Sun Yuchen said that due to the adjustment of the TRX block reward last year, the inflation rate has increased to nearly 2 billion TRX per year. At the same time, the hard cap for Tron's circulation was completely removed, a collective decision of the 27 super representatives.
In terms of regulation, the UK Financial Conduct Authority (FCA) stipulated in a handbook on crypto asset business rules that companies with a crypto business income in the UK of no more than 250,000 pounds must pay a registration application fee of 2,000 pounds and income of more than 250,000 pounds Company needs to pay £ 10,000.
The Australian government released this week a national blockchain line map that lists the twelve major initiatives the government will take to help promote blockchain applications. This 52-page blockchain map was published publicly by the government ’s Ministry of Industry, stating that blockchain can create jobs, save company funds and improve the growth potential of the Australian economy. This five-year roadmap also hopes to introduce a regulatory framework to help people develop blockchain skills and increase global investment and cooperation opportunities.
The Japanese Financial Services Agency (FSA) explained this week rules on the creation and sale of cryptocurrency ETFs. A spokesman for the FSA said that according to Japan's "Investment Trust Law", an investment vehicle needs to correspond to an "investment trust" to become an investment fund. The regulator believes that because crypto asset investment vehicles do not meet the legal definition of "investment trust", it is not possible to create a crypto ETF.
The International Monetary Fund (IMF) recommends Eastern Caribbean countries to try digital currencies. IMF believes that blockchain-based digital currencies will enhance the resources and capabilities of the Eastern Caribbean Monetary Union (ECCU), a region that includes Saint Kitts and Nevis, Saint Lucia, Anguilla, Antigua and Pakistan Buda, Dominica, Grenada, and Saint Vincent and the Grenadines.
In the United States, Hester Peirce, a member of the United States Securities and Exchange Commission (SEC), officially proposed a three-year grace period for legitimate crypto projects without violating U.S. securities laws. Peirce believes that a three-year grace period will allow crypto startups to grow their networks and communities without worrying about regulatory restrictions.
The US Commodity Futures Trading Commission (CFTC) was asked this week to comment on a lawsuit initiated by the SEC over messaging application Telegram. The judge stated that the comments could be made in writing. The main issue in this four-month lawsuit is whether the cryptocurrency "Gram" of the Telegram TON blockchain network is a security or a commodity. The SEC insists that Gram, which has not yet been issued, is sold to investors as securities in order to obtain future profits.
This week, the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), announced its quarterly results on a conference call for the fourth quarter of 2019. ICE's fourth-quarter earnings per share increased by 1% year-on-year, from $ 0.94 to $ 0.95. During the conference call, ICE's crypto trading platform Bakkt and ICE Abu Dhabi were identified as key growth initiatives. In addition, this week also reported that ICE has submitted an acquisition offer to online trading platform eBay, but then ICE stated that although it had contact with eBay, it had no acquisition plan.
Bakkt announced this week its registered address for early access to its new app, which covers cash, cryptocurrencies, rewards and game credits, and will enable consumers to use multiple digital assets to make purchases or transfer money to others. .
Cryptocurrency derivatives exchange BitMEX launched the XRP perpetual swap contract this week. The XRP / USD contract will provide up to 50 times leverage. The exchange said, "All margins are issued in Bitcoin, which means that traders can use Bitcoin to go long or short the contract."
Consensys Digital Securities, an Ethereum-based startup ConsenSys, acquired Heritage Financial Systems, a broker-dealer registered with the SEC. ConsenSys intends to strengthen its consulting and transaction brokering capabilities through this acquisition, which will help ConsenSys implement blockchain technology to issue tokenized bond products in the municipal market.
Binance, the major cryptocurrency exchange, announced this week that it supports the purchase of four major cryptocurrencies using Russian rubles for instant purchase. The exchange now allows users to purchase Bitcoin, Ethereum, Binance Coin and XRP using rubles via Visa bank cards.
Digital securities trading platform iSTOX said it has left Singapore's regulatory sandbox and is now a licensed market operator and capital market service provider. The platform, licensed by the Central Bank of Singapore's Monetary Authority of Singapore (MAS), will provide digital securities issuance, settlement, escrow and secondary market transactions, which also heralds a new, tightly regulated new exchange Enter the field of blockchain.
Cryptocurrency derivatives exchange FTX has added a new futures contract, TRUMP-2020 (TRUMP), to allow users to monetize their predictions for the outcome of the 2020 US presidential election. If Donald Trump is re-elected in the upcoming US presidential election, the TRUMP futures will have a maturity value of $ 1, otherwise it will be $ 0.
The two major banking giants, Citi and Goldman Sachs, recently conducted a historic transaction with the first equity swap transaction on a new blockchain originally built for tools designed for Ethereum. The transaction involved only two parties in this swap transaction. One bank agreed to pay based on the return of the underlying asset, the other bank paid according to the set interest rate, and 13 other counterparties were waiting for the transaction. Unlike traditional swap transactions that must be constantly updated to accommodate countless closing prices, company operations, and countless variables, the technical support of the new stock swap platform blockchain startup Axoni can ensure that every counterparty sees and uses Same data.
Lightning Labs, the Lightning Network development team, has raised $ 10 million in Series A funding led by Craft Ventures. The company also announced the release of a beta version of its Lightning Loop product, which allows users to transfer funds between the Lightning Network and the Bitcoin network.
French fintech company Ingenico and payment giant Worldline will merge. Shareholders of the two companies accepted the € 7.8 billion (about $ 86) acquisition. As part of the agreement, Worldline will provide cash and stock compensation to Ingenico shareholders. The combined entity will be held primarily by Wordline shareholders, with a 65% stake and the remaining 35% will be held by Ingenico investors.
Payment giant Visa plans to change the seller rate of its US sellers as part of a major update to its point of sale system. A document issued by Visa to banks announced the launch of system upgrades in April and October, a move designed to push merchants to stop using checks and adjust new fee structures for new businesses.
A scholar at the University of Hong Kong said that blockchain and artificial intelligence-driven strategies should be implemented to better cope with the epidemic of new coronaviruses. According to an article published by Syren Johnstone, executive director of the University of Hong Kong's Master of Laws program on the University of Oxford Law School blog on February 5, he said the outbreak of the new coronavirus should be considered "an appeal to the technology industry." It will make it possible to transparently record and track all donations, whether cash or masks, and make it possible for individuals or entities to be held accountable at all times throughout the process.
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