The era of digital currency has come, and China and the United States continue to dominate the historical process.

Summary

Event: Recently, Forbes reported that "China's central bank digital currency may be launched in November, will be first issued to Alibaba, Tencent and the big banks." China and the United States will dominate the historical process of the global digital currency era. Bitcoin and blockchain bring more than just “digital gold” to the world, but a change in historical processes.

At the end of the year, the central bank’s digital currency was “reported” and “dispelled” by the media, and China’s digital currency was “out of the box”. Recently, Forbes released a report saying that according to informed sources, the People's Bank of China will officially launch digital currency in the next few months, initially to Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China, Alibaba, Tencent and UnionPay. Seven institutions issued. According to a former government official, the central bank's digital currency may be officially launched in the coming months. Once this digital currency is launched as scheduled, the People's Bank of China will become the first central bank to officially release digital currency in the world. According to the former government staff, the central bank’s digital currency technology actually matured last year. Another source who had participated in the development of the central bank's digital currency but declined to be named has confirmed to Forbes that the seven institutions are about to receive new assets. Subsequently, Sina Finance reported that people close to the central bank responded that the central bank's digital currency landed within 80 days at the earliest, and was issued by the seven major institutions such as Ali Tencent as inaccurate speculation. On August 29, Wang Weizhong, secretary of the municipal party committee, met with Yi Gang, president of the People's Bank of China. The two sides stated that they will conscientiously implement the "Opinions of the CPC Central Committee and the State Council on Supporting Shenzhen's Pioneering Demonstration Zone with Chinese Characteristics", and seize the major opportunities for the construction of the Guangdong, Hong Kong and Macao Dawan District, promote the internationalization of the RMB, conduct digital currency research, and develop green The financial sector and other aspects will try first and foremost, continue to deepen financial reform and opening up, realize the high-quality development of Shenzhen's financial industry, and fully promote the implementation of the major decision-making arrangements of the Party Central Committee. China's digital currency is “out of the box”, and Shenzhen is expected to once again serve as a bridgehead for reform and innovation.

China and the United States will dominate the global digital currency era and affect the global economic landscape. Bloomberg recently released an analysis article that Facebook may promote Libra and explore success in about 60 developing countries around the world, which have either used the US dollar and the euro to replace their national currency, or have linked their legal currency to the US dollar, and Many developing countries are said to be accustomed to using other forms of currency. Looking at the global economic landscape, it is clear that China and the United States have played a leading role in the historical process of digital currency, and digital currency will affect the future of global financial and economic history – or it can be said that China and the United States will pass digital currency. The power continues to influence the world economic landscape. Innovation and opportunities come, competition and challenges coexist, and the world is embracing the digital currency era!

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Bitcoin and blockchain bring more than just “digital gold” to the world, but a change in historical processes!

Last week's market review: Chainext CSI 100 rose 4.35%, and the segmented Chinese entertainment social performance was the best. From the perspective of the sub-segment, the pure currency block performance is slightly better than the Chainext CSI 100 average, which is -4.93%, 11.04%, 6.23%, payment transaction, Internet of things & traceability, entertainment social, commercial finance, basic enhancement, Baseline, Storage & Computing, Pure Currency, and AI sectors underperformed Chainext CSI 100 averages of -8.89%, -10.52%, -9.21%, -8.29%, -12.27%, -9.56%, -6.77%, respectively. , -16.7%.

Risk warning: regulatory policy uncertainty, project technology progress and application landings are not as expected, and cryptocurrency-related risk events occur.

1. Hotspot tracking: The digital currency era has come, and China and the United States continue to dominate the historical process.

Event: Recently, Forbes reported that "China's central bank digital currency may be launched in November, will be first issued to Alibaba, Tencent and the big banks." China and the United States will dominate the historical process of the global digital currency era. Bitcoin and blockchain bring more than just “digital gold” to the world, but a change in historical processes.

At the end of the year, the central bank’s digital currency was “reported” and “dispelled” by the media, and China’s digital currency was “out of the box”. Recently, Forbes released a report saying that according to informed sources, the People's Bank of China will officially launch digital currency in the next few months, initially to Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China, Alibaba, Tencent and UnionPay. Seven institutions issued. According to a former government official, the central bank's digital currency may be officially launched in the coming months. Once this digital currency is launched as scheduled, the People's Bank of China will become the first central bank to officially release digital currency in the world. According to the former government staff, the central bank’s digital currency technology actually matured last year. Another source who had participated in the development of the central bank's digital currency but declined to be named has confirmed to Forbes that the seven institutions are about to receive new assets. Subsequently, Sina Finance reported that people close to the central bank responded that the central bank's digital currency landed within 80 days at the earliest, and was issued by the seven major institutions such as Ali Tencent as inaccurate speculation. On August 29, Wang Weizhong, secretary of the municipal party committee, met with Yi Gang, president of the People's Bank of China. The two sides stated that they will conscientiously implement the "Opinions of the CPC Central Committee and the State Council on Supporting Shenzhen's Pioneering Demonstration Zone with Chinese Characteristics", and seize the major opportunities for the construction of the Guangdong, Hong Kong and Macao Dawan District, promote the internationalization of the RMB, conduct digital currency research, and develop green The financial sector and other aspects will try first and foremost, continue to deepen financial reform and opening up, realize the high-quality development of Shenzhen's financial industry, and fully promote the implementation of the major decision-making arrangements of the Party Central Committee. China's digital currency is “out of the box”, and Shenzhen is expected to once again serve as a bridgehead for reform and innovation.

China and the United States will dominate the global digital currency era and affect the global economic landscape. Bloomberg recently released an analysis article that Facebook may promote Libra and explore success in about 60 developing countries around the world, which have either used the US dollar and the euro to replace their national currency, or have linked their legal currency to the US dollar, and Many developing countries are said to be accustomed to using other forms of currency. Throughout the world, it is clear that China and the United States have played a leading role in the historical process of digital currency, and digital currency will affect the future global financial and economic landscape – or it can be said that China and the United States will continue to use the power of digital currency. Affect the world economic structure. Innovation and opportunities come, competition and challenges coexist, and the world is embracing the digital currency era!

Bitcoin and blockchain bring more than just “digital gold” to the world, but a change in historical processes.

2. Relevant news from governments: The Thai Taxation Office and the General Audit Office will launch a pilot project to apply blockchain technology.

The Thai Tax Agency and the General Audit Office will launch a pilot project to apply blockchain technology. In the coming weeks, The Revenue Department and The Comptroller-General's Department will launch a pilot project using blockchain technology to streamline workflow. Thai Finance Minister Uttama Savanayana said the innovative technology will also help provide VAT-related information and check VAT refunds to reduce fraud. Uttama revealed that the next step would be to use blockchain technology to link data from three tax collection agencies, the Tax Office, the Customs Department and the National Tax Office, to improve work and inspection efficiency.

The US Air Force works with blockchain companies to automate data management. Blockchain company Constellation has announced that it has entered into a commercial partnership with the US Air Force to help automate big data management in the Air Force. The company's mission is to improve interoperability by connecting the Air Force to a variety of isolated fixed data warehouses. It will provide an audit trail and a real-time overview of the data source. Constellation believes that data such as drones, aircraft and communications satellites represent a unique use case for distributed ledger technology (DLT).

3. Industry chain related dynamics: BTC miners' revenue decreased by 1.6%

(The following source website data is updated to September 2)

Last week, BTC added 2.31 million new transactions, an increase of 4.3% from the previous month; ETH added 5.02 million new transactions, a decrease of 0.9% from the previous month.

Last week, the average daily income of BTC miners was US$19.17 million, a decrease of 1.6% from the previous month. The average daily income of ETH miners was US$2.52 million, a decrease of 7.2% from the previous month.

Last week, BTC's average daily computing power reached 77.3EH/s, up 3.6% from the previous month; ETH's daily average computing power reached 176.2TH/s, down 0.3% from the previous month.

Last week, the difficulty of mining the entire BTC site was 10.18T, an increase of 0.2% from the previous month; the next difficulty adjustment date was on September 14, the expected difficulty value was 11.27T, and the difficulty increased by 4.61%; last week, the average mining difficulty of the ETH network was 2.21T, a decrease of 1.0% from the previous month.

4. Last week's market review: Chainext CSI 100 fell 6.7%, and the pure currency in the segment was the best.

We introduce the professional index product of the token market, the Chainext CSI series index, in which the CSI 100 index [1] represents the overall trend of the market; the CSI 5 index [2] represents the trend of the market oversized currencies; the CSI 21-100 index [3] Represents the trend of small caps in the market. The market continues to adjust this week. As of last Sunday (August 31), the Chainext CSI 100 index was 833.39, down 6.7% from the previous week, and the total volume of 24 hours on Sunday was $7.443 billion. Among them, the average global price of BTC was $9757.97, compared with the previous period. The decrease was 4.61%; the global average price of ETH was US$171.63, a decrease of 9.18% from the previous period.

From the perspective of the sub-segment, the pure currency block performance is slightly better than the Chainext CSI 100 average, which is -4.93%, 11.04%, 6.23%, payment transaction, Internet of things & traceability, entertainment social, commercial finance, basic enhancement, Baseline, Storage & Computing, Pure Currency, and AI sectors underperformed Chainext CSI 100 averages of -8.89%, -10.52%, -9.21%, -8.29%, -12.27%, -9.56%, -6.77%, respectively. , -16.7%.

risk warning

1. Regulatory policy uncertainty;

2. The technical progress and application of the project fell below expectations;

3. Confidential currency related risk events occur.

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