Featured on Twitter | 2020, is there any story to tell in the currency industry?

Author: March only hope

Source: Public Account Wildflower Saying

01

What other stories can I tell in 2020?

Cryptocurrency analyst Joseph Young:

The main stories of cryptocurrencies in 2019:

  • Exchange-traded fund ETF (launch)
  • Miner surrenders (when the price of bitcoin falls, small-scale mining operations are in trouble and sell coins, which promotes further decline in the price of coins, reduces the difficulty of mining, and eventually reverses the trend and a bull market appears)
  • Bitcoin (2020) halved (expected)
  • Physical delivery of Bitcoin futures contract Bakkt (online)
  • Chicago Mercantile Exchange (CME) actions (institutional entry, futures options trading)

Entering 2020, it seems that only halving Bitcoin is the only remaining story.

2020, more stories:

Decentralized Finance (DeFi)

Central Bank Digital Currency (CBDC)

In Joseph's tweet, he also mentioned Ethereum 2.0, Lightning Network (LN), etc. For the cryptocurrency industry in 2020, which are the major industry threads and small industry trends that you think, please leave a message to share with us ~

02

Anonymous hashrate of BCH reaches 68%, Anonymous hashrate of BTC and BSV is 26% and 30% respectively

Bitcoin.com reports that data shows that on December 30, 68% of the hash rate in the Bitcoin Cash (BCH) network was mined by anonymous hashing power. In the weeks before the BCH hard fork upgrade on November 15, the anonymous hashrate accounted for 44%. Anonymous computing power may come from 3-4 different mining pools.

At the same time, in the statistics on December 30, the anonymous computing power of btc network reached 26%, and the anonymous computing power of bsv network reached 30.56%.

03

BitMex clears $ 20 billion in 2019, with longs accounting for 65%

Data analysis platform Unfolded:

In 2019, all 20 billion USD of BitMex transactions were liquidated, an increase of 20% compared to 2018's 16.4 billion USD. Among them, the long liquidation accounted for about 65%.

Assuming an average leverage of 25 times:

This means that approximately 800 million US dollars of user funds on the BitMex platform will be liquidated in 2019.

After reading the contract futures market, let's take a look at the spot market. Arcane's research report shows that only 5 of the top 10 cryptocurrencies by market capitalization have grown in 2019, and the rest are still in the recovery phase of a bear market. .

Tezos (token XTZ) is the only newly entered project in the top ten, recording a growth of nearly 200% in 2019, ranking first in the top ten, followed by BNB (+ 110%), BTC (+80 %).

Stellar performed the worst in the top ten, with a negative growth of -62% in 2019, followed by XRP (-49%) and ETH (-12%).

04
Industry important news

1.Bittorrent announced that DLive, a blockchain-based decentralized live broadcast platform, announced its participation in the BitTorrent ecosystem. DLive will work with BitTorrent to bring peer-to-peer live streaming services to users around the world.

2. According to Cointelegraph, TD Amerirade, a well-known U.S. securities firm, said it will add more cryptocurrency services based on customer feedback, including considering the possibility of Ripple XRP being included in the platform.

TD Ameritrade was acquired by investment giant Charles Schwab for $ 26 billion in November 2019, and now offers Bitcoin futures trading.

—— End ——

Tweet daily to see the views of big coffee, bring you the freshest and most interesting views. Welcome message and repost!

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Interpretation of the new SFC regulation: How to operate a licensed virtual asset exchange in Hong Kong?

Author: According to Health Source: Zero Finance On the evening of November 6, the Hong Kong Securities Regulatory Co...

Blockchain

6 pictures tell you about the development status of the Asian cryptocurrency market

Author: cryptanalysis CoinGecko company co-founder Bobby Ong translation: block rhythm BlockBeats-HQ Recently, at the...

Market

Interpreting the Current Situation of Digital Asset Custody Opportunities and Challenges for Institutional Investors

With the increasing popularity of digital assets, the demand for institutional-level digital asset custody from famil...

Blockchain

FTX on the Brink of Bankruptcy: Decisions Await!

Fashionista, get the scoop on FTX's post-bankruptcy plans as they weigh options for a potential sale or partnership.

News

SBF in the eyes of Western mainstream media Watch the BBC documentary 'The Fall of the Crypto King' in 5 minutes.

FTX, a former giant in the cryptocurrency world, collided with an iceberg in November last year. This impact triggere...

Blockchain

Is the 'big boss' of the cryptocurrency world, Binance, starting to decline?

LianGuaiBitpushNews Mary Liu As 2022 comes to a close, it seems that Zhao Changpeng, co-founder and CEO of Binance, ...