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1. [Data shows that more than 310,000 bitcoins have been withdrawn from the exchange since Black Thursday]
On May 26, the latest data released by the blockchain research platform Glassnode showed that the number of bitcoins withdrawn from the exchange has reached a new high. Since Black Thursday, March 12, more than 310,000 bitcoins have flowed out of the exchange. The exchange with the largest withdrawal amount is Bitfinex, totaling 126845 BTC; followed by Huobi (95496 BTC) and BitMEX (95438 BTC).
2. [Yi Gang, Central Bank Governor: There is no timetable for when the digital RMB will be officially launched]
According to the official website of the Central Bank, Yi Gang, the governor of the People's Bank of China, said in an exclusive interview that at present, the research and development of digital RMB follows the principles of stability, safety, controllability, innovation and practicality. It will first conduct internal closed pilot tests in Shenzhen, Suzhou, Xiong'an, Chengdu and future Winter Olympics scenarios to verify theoretical reliability, system stability, functional availability, process convenience, scenario suitability and risk controllability. However, the current pilot test is still a routine work in the research and development process, and does not mean that the digital RMB will be officially issued. There is no timetable for when it will be officially launched.
3. [Maker Foundation initiates a governance survey to discuss the addition of 2 types of collateral such as TUSD and 10 types of mortgage assets]
According to MakerDAO official news, on May 25, the Maker Foundation risk team incorporated a series of governance polls into the voting system. The specific contents include: 1. Add USDC-B as collateral; 2. Add TUSD as collateral; 3. Maker improvement proposal MIP9 Community Greenlight; 4. Dai stability fee adjustment: range of 0% -4% users can choose; 5. Add TUSD, ZRX, UNI-V1-DAI, PC-DROP, DMM, FIAT, FTM, MANA, CHZ (Chiliz / Sports x), CF-DROP (ConsolFreight DROP) to the Maker agreement as mortgage assets. (Note: The Maker improvement proposal MIP9 aims to standardize the value judgment process for newly added collateral, that is, Maker holders can make judgment and selection of collateral before the domain team investigates the collateral.)
[Today's market analysis]
Bitcoin (BTC)BTC surged in the early hours of this morning, briefly surpassing 8900 USDT, and the highest rose to 8977 USDT, then fell back slightly. BTC is currently adjusted above 8900 overall. The mainstream currencies followed the consolidation, and various currencies dropped slightly after the shock in the early morning. BTC is currently reported at 8996.9 USDT at the LOEx Global, with a rise of 1.36% in 2h.
In the past two days, BTC has dropped below 9,000 USDT, and the mainstream currency has been fine-tuned overall. However, the small currencies that have skyrocketed or even doubled are one by one; I don’t know, do you feel that the script of the mainstream currency dip and the small currency soar is very familiar? In the impression, this has happened in the process of at least three rising relays in the past two years.
For example, at the beginning of 2019, when the bit rose from 3000USDT to 14000USDT, it was also sideways and retraced at the position of 8000USDT. At that time, small currencies also skyrocketed, with a time period of about 2 months.
What do you want to say? ——In fact, at this stage, for our ordinary users, it should be a stage of making money. If the currency is selected properly, there will be a lot of gains. There is a profit-making effect here, which shows that the bull market has not turned into a bear market that fast. The establishment of mainstream currencies and the singing of small currencies indicate that the stable bull market of this platform is not over.
Support level: the first support level is 8900 points, the second support level is 8600 integers;
Resistance level: the first resistance level is 9000 points, the second resistance level is 9400 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
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PBoC’s YI Gang Met With Bank Of England Governor, Discussing Digital Currency Citing Jin10, YI Gang, Governor of the People’s Bank of China (PBoC), the country’s central bank, has met with Mark Carney, Governor of Bank of England, to exchange views on several fields like Brexit, financial cooperation, and digital currency.
COT Report: BTC Market Controlled By The Short Positions Citing the latest Commitments of Traders (COT) report on Bitcoin released by the U.S. Commodity Futures Trading Commission (CFTC), Asset Managers’ accounts that reflect the buyer group witness a recovery in the long positions. Long positions of Dealers’ accounts now see an increase, which indicates that the price may reach the bottom. In general, the short positions currently controlled BTC market.
#Eurasia Summit# Emin Gün Sirer: New Protocols Will Change DeFi Game And Promise Which Is Delivered In Dream Istanbul today (Oct 19) welcomes its second day of the Eurasia Blockchain Summit jointly held by Huobi and Kemer Partners. Speaking in the conference, Emin Gün Sirer, professor of Cornell University, founder of AVA Labs, co-founder of bloXroute and co-director of the Initiative for Cryptocurrencies and Contracts (IC3), talked about the three phases of the blockchain evolution and brought a gift home — AVA Private Testnet. It has a comprehensive ecosystem, including the native token, the token platform, the community governance as well as the DApp platform. “New protocols will change the DeFi game and the promise which actually is delivered in the dream. We are looking for the broad community involvement, no matter with researchers and developers or both on the platform and on the application layer,” he added.
NY District Court Postpones Telegram’s TON Hearing To 2020 The United States District Court for the Southern District of New York has postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against Telegram Open Network (TON) and its Gram token to Feb 18–19, 2020. It said: “IT IS ORDERED that Defendants shall not offer, sell, deliver, or distribute ‘Grams’ to any person or entity, until the conclusion of the hearing scheduled by the Court for February 18 and 19, 2020 (‘Hearing’), except upon further order of the Court or agreement of the parties. At the Hearing, any party may move the Court for the continuation or dissolution of this Order.”
Encrypted project calendar（October 19, 2019）
PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th DeepBrain Chain (DBC): 19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October. General Event (CRYPTO): and 1 other 19 October 2019 Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…” PCHAIN (PI): 19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.” Nash Exchange (NEX): 19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.
Encrypted project calendar（October 20, 2019）
GameCredits (GAME): 20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward! Aeternity (AE): 20 October 2019 Starfleet 3 App Deadline #Starfleet3 is happening in Malta and you have by October 20th to apply! FN/IPFS&Filenet: IPFS&Filenet (FN) will be launched on the UP project Filenet (FN). The UP subscription time is from 14:00 on October 20, 2019 to 18:00 on October 20, 2019.
Encrypted project calendar（October 21, 2019）
KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money. Horizen (ZEN): 21 October 2019 Sidechains Alpha Release Horizen releasing the alpha version of industry first decentralized and unfederated sidechains. Horizen (ZEN): 21 October 2019 Updated Whitepaper Horizen releasing an updated whitepaper. Kuverit (KUV) : IDAX will list #Kuverit (KUV) and open trading for KUV/BTC trading pair. is going to be listed on 21 Oct, at 10:00 am (UTC+8).
Encrypted project calendar（October 22, 2019）
ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22. Locus Chain (LOCUS): 22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th. IOTA (MIOTA): 22 October 2019 EclipseCon Europe Next week, join Lewis Freiberg, our Director of Ecosystem, to learn how to build an ecosystem around IoT focused distributed ledgers.
Encrypted project calendar（October 23, 2019）
MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th. Cardano (ADA) and 1 other: 23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital Officers CloakCoin (CLOAK): 23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.” Loom Network (LOOM): 23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST).
Encrypted project calendar（October 24, 2019）
BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24. Horizen (ZEN): 24 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. ANT/Aragon: Aragon (ANT) Aragon Network will hold the theme “DAO: ICO and DeFi next step” in Hong Kong on October 24th? DATA/Streamr DATAcoin: Streamr DATAcoin (DATA) Streamr Network Technology Exchange and Project Development Conference will be held in London on October 24th. Lisk (LSK): 24 October 2019 Coding Workshop — Berlin “During this workshop you will acquire the skills to create custom transactions with the Lisk Alpha SDK using Node.js.”
Encrypted project calendar（October 25, 2019）
ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25. Crypto.com Coin (CRO): 25 October 2019 Live AMA with CEO “Live AMA with our CEO @Kris_HK on @cryptocom’s Twitter next Friday, 25 October, 11AM HKT.”
Encrypted project calendar（October 26, 2019）
KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th Horizen (ZEN): 26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26.
Encrypted project calendar（October 27, 2019）
ICON (ICX): 27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30.
Encrypted project calendar（October 28, 2019）
LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th Stellar (XLM): 28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote Celsius (CEL) and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.”
Encrypted project calendar（October 29, 2019）
BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st. ICON (ICX): 29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.” Ark (ARK): and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019. Insifa (ISF): 29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.”
Encrypted project calendar（October 30, 2019）
MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.” TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.” Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more. Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.” Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!” Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM. Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31. Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”
Encrypted project calendar（October 31, 2019）
Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019. Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019. Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.” Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information. Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 . Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October. Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October. Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!” IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October. Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks. Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information. IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.”
Encrypted project calendar（November 1, 2019）
INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.
Encrypted project calendar（November 6, 2019）
STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.
Encrypted project calendar（November 8, 2019）
BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.
Encrypted project calendar（November 9, 2019）
CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
Yesterday, there was a downside extension in bitcoin below the $8,000 support area against the US Dollar. BTC price traded to a new monthly low at $7,915 and settled below the 100 hourly simple moving average. Recently, there was an upside correction above the $8,000 level. Moreover, the price recovered above the $8,020 level, plus the 23.6% Fib retracement level of the last decline from the $8,386 high to $7,915 low.
However, the upward move was capped by the $8,100 and $8,120 resistance levels. Besides, the price failed to test the 50% Fib retracement level of the last decline from the $8,386 high to $7,915 low. As a result, there was a fresh decline below $8,020. The price is now accelerating declines below the $8,000 level. It even broke the last swing low at $7,915 and traded to a new monthly low near $7,850.
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Tech Giant Tencent Leads $20M Series A For Blockchain Supply Chain Startup Everledger Everledger, the U.K.-based blockchain supply chain startup, has raised $20 million in Series A. The round was led by Chinese tech giant Tencent, with participation from other investors. Everledger CEO, Leanne Kemp, told The Block that the firm is looking to bring its solutions to China with the new capital.
BOJ Kuroda Urges Global Cooperation In Regulating Facebook’s Libra Haruhiko Kuroda, Governor of Bank of Japan (BOJ) said on Sept 24 that international cooperation was crucial in regulating stable coins such as Facebook’s planned Libra digital currency. “If Libra is introduced, it could have a huge impact on society,” Kuroda told business leaders in Osaka, western Japan, adding that policymakers must thus ensure that they apply the highest level of regulation to such stable coins.
Governor Of PBoC: CBDC Not Necessarily Uses Blockchain Technology, No Timetable Scheduled Yet While China is accelerating the development in digital payments, Governor of the People’s Bank of China (PBoC), YI Gang, clarified that although the research team of the central bank backed digital currency (CBDC) is taking blockchain, digital payments, and a range of frontier technologies into consideration, it is uncertain which one or ones will be used at last. Besides, the central bank has never preset a technical route for the CBDC, nor has it made any decisions on a precise timetable for the launch of the CBDC. YI Gang made the remark today on Sept 24 at the press conference for celebration of the 70th anniversary of the People’s Republic of China. The press conference focused on the latest ideas to foster a healthy, stable, and sustainable economy in the country. He added that the introduction of CBDC won’t change the current issuance or distribution of currencies. “The goal of the CBDC is to replace part of M0 (money in circulation), not M1 or M2,” he said. The Governor addressed that positive progress has been made in digital currency research. Note: M0 is the total of all physical currency including coinage. M1 money supply includes those monies that are very liquid such as cash, checkable (demand) deposits, and traveler’s checks. M2 money supply is less liquid in nature and includes M1 plus savings and time deposits, certificates of deposits, and money market funds.
Encrypted project calendar（September 24, 2019）
ENG/Enigma: Enigma (ENG) ENG main network token snapshot will end on September 24, the original start time is August 26. LINA (LINA): Lina Review will host the Lina network launch event in Ho Chi Minh City, Vietnam on September 24th and release a 10-year operational strategy. Cappasity (CAPP): Cappasity will showcase its digital signage solutions in luxury stores at the Paris Retail Week from September 24th to 26th.
Encrypted project calendar（September 25, 2019）
MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on September 25th at the University of Southern California in Los Angeles on the theme of “Building Your Own IoT.” Quant (QNT): The Quant project will participate in a marketing conference in London from September 25th to 26th, which will focus on data technology.
Encrypted project calendar（September 26, 2019）
ADA/Cardano: The Cardano (ADA) Cardano community will host a party in Washington, DC on September 26.
Encrypted project calendar（September 27, 2019）
BTC/Bitcoin: Cripto Latin Fest will be held in Cordoba, Argentina from September 27th to 29th. Switcheo (SWTH): After a one-year token exchange process, the project team will officially end the SWH→SWTH token exchange process on September 27.
Encrypted project calendar（September 28, 2019）
ADA/Cardano: Cardano (ADA) Cardano (ADA) 2nd Anniversary, Cardinal Foundation, IOHK and EMURGO main members will participate in community celebrations in Plovdiv, Bulgaria on September 28. TOP Network (TOP): The TOP Network team will hold a hackathon in Prague, Czech Republic from September 28th to 29th. Horizen (ZEN): Horizen project BD Rep Vano Narimandize will discuss the current status and development of sidechain technology at the Industry 4.0 Blockchain Summit on September 28.
Encrypted project calendar（September 29, 2019）
GAME/GameCredits: GameCredits (GAME) is expected to perform hard forks on September 29th at block height 2519999
Encrypted project calendar（September 30, 2019）
INS/Insolar: Insolar (INS) will be on September 30th ERD/Elrond: Elrond (ERD) will conduct main network test on September 30th NULS/NULS: The NULS team will plan to beta the ChainBOX in the third quarter. CS/Credits: Credits (CS) will exchange tokens and bug rewards in the third quarter QTUM/Qtum: Quantum Chain (QTUM) is expected to complete lightning network beta in the third quarter XEM/NEM: New World Bank (XEM) will release mobile wallet and computer wallet in the third quarter HC/HyperCash: hypercash (HC) will complete community management agreement in the third quarter
Encrypted project calendar（October 01, 2019）
HT/Huobi Token: The financial base public link jointly created by Firecoin and Nervos is expected to be open source in October. RVN/Ravencoin: Ravencoin (RVN) Ravencoin will perform a hard fork on October 1. ADA/Cardano: Cardano (ADA) plans to hold technical consensus meeting in Amsterdam on October 1st XRC/Bitcoin Rhodium: Bitcoin Rhodium (XRC) will record account balance awards on October 1st PPC/Peercoin: Peercoin (PPC) will perform Peercoin v0.8 (code tang lang) hard fork on October 1st
Encrypted project calendar（October 02, 2019）
BNB/Binance Coin: The 2019 DELTA Summit will be held in Malta from October 2nd to 4th. The DELTA Summit is Malta’s official blockchain and digital innovation campaign. CAPP/Cappasity: The Cappasity (CAPP) London Science and Technology Festival will be held from October 2nd to 3rd, when the Cappasity project will be attended by the Science and Technology Festival.
Encrypted project calendar（October 03, 2019）
ETC/Ethereum Classic: The 2019 Ether Classic (ETC) Summit will be held in Vancouver on October 3–4
Encrypted project calendar（October 05, 2019）
Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network.
Encrypted project calendar（October 06, 2019）
SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th
Encrypted project calendar（October 07, 2019）
GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.
Encrypted project calendar（October 08, 2019）
BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.
Encrypted project calendar（October 09, 2019）
CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
Encrypted project calendar（October 10, 2019）
INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).
Encrypted project calendar（October 11, 2019）
OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”
BTC completed the downward break of 9890, the key hint of yesterday’s closing, in yesterday’s trading yesterday, and accelerated the downward trend further at night, and achieved the effective arrival of the first support line 9600, which was suggested in yesterday’s closing. Although the price has come out of a certain rebound performance, the actual rebound strength is limited. The forward market still operates in the disadvantaged areas. However, the rebound in early trading seems to be only the technical rebound correction after the first round of decline touches on the clear support position. It is reasonable that the price rebound correction occurs after the serious oversold of short-term indicators is consistent. Therefore, it is not recommended that the current rebound be interpreted excessively as long as the price remains at 98. Running below 90, the short-term downward target of 9400 mentioned in yesterday’s closure is still worth looking forward to. For BTC, the idea of short-term trading follow-up is further simplified. After the first wave of short-term orders landed smoothly, the short-term can continue to use 9890 and 9600 as benchmarks. The price reversal test of 9890 is again frustrated, or it is confirmed that after falling below 9600, a new round of short-term follow-up can be done to catch up with the target of 9400. When 9400 is in place, as long as there is no extreme situation of instantaneous dive breakdown, it is recommended to make profit settlement in time. This position can be used as a reference for strong support of midline level. There is a greater possibility of forming band stop-fall reversal near this area, and it is worth making key observation after it is in place.
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On April 8, the annual meeting of the Boao Forum for Asia in 2018 opened in Boao, Hainan Province. The theme of this year’s conference was “Open and Innovative Asia, a Prosperous and Developing World”.This forum also set up a sub-forum on blockchain again on April 10, following the establishment of the “Digital Currency and Blockchain” sub-forum for the first time in the Boao Forum for Asia last year.
Governor of the Central Bank Yi Gang, Central Bank counselor Sheng Songcheng, Vice President of Renmin University of China Wu Xiaoqiu, former Governor of the Bank of China Li Lihui, Thunder Group CEO Chen Lei, Inspur Group Chairman Sun Pishu, and Visa Vice Chairman Ai Ruiqi all talked about the blockchain during the forum.
Bianews organizes the relevant sections of the Boao Forum on blockchains as follows:
Vice President of Renmin University of China Wu Xiaoqiu: I studied 4 years and I don’t know what the blockchain is.
Wu Xiaoqiu, vice president of the Renmin University of China and head of the Institute of Finance, at the media meeting of the 2018 annual meeting of the Boao Forum for Asia on the 8th that he had studied the blockchain for four years and never knew what it was.
“Frankly speaking, I was chained to the blockchain. I never knew what a ghost it was. I had a lot of people studying the blockchain. I started to get this stuff three or four years ago. I even found people who wrote books about the blockchain., but I still haven’t figured it out. If I don’t understand it, it’s very difficult to get this stuff.”
Wu Xiaoqiu said: “I’m not very stupid, but some people deliberately made it very mysterious. I take a wait-and-see attitude toward this kind of financial phenomenon. But the penetration of Internet finance is highly valued and I can see its value. Therefore, there is great development prospect for science and technology finance.”
Central Bank counselor Sheng Songcheng: The combination of blockchain and virtual currency will have no future
Sheng Songcheng, counselor of the People’s Bank of China and executive dean of the China-EU Lujiazui International Finance Research Institute, said that the combination of blockchain and virtual currency has no future.
He believes that blockchain is a technology. Bitcoin is a virtual currency. It is just an application of blockchain. If blockchain is combined with virtual currency, blockchain will have no future in virtual currency. . Because the virtual currency is not money, we just use a bitcoin.
The economic regulation and control in all countries of the world is mainly economic and monetary policies. The basis of monetary policy is that the state controls the currency issuance rights and legal currency. If the virtual currency is flooded, monetary policy cannot be implemented.
Blockchains should not be combined with currency. The combination has no future. It is also better not to use it in finance.
Now that the traditional financial system can already be used for daily use, the use of blockchains in financial efficiency is rather low.
Yi Gang, Governor of the Central Bank: Strictly Supervising Virtual Currency and Studying the Real Economy of Services
Yi Gang, Governor of the People’s Bank of China, stated at the Boao Forum for Asia that virtual currency has less service to the real economy, some speculation and even some money laundering, or other acts. So in China we have always been cautious about virtual currency.
Regarding the research of digital currency around the world, China’s research is ahead of others. We are also studying how digital currency can serve the real economy in the best possible form, develop safely in the best possible form, and avoid some possible negative effects, to make digital currency better able to serve the economy. This includes blockchain technology as well as financial technology. On the whole, our supervision of virtual currency is very strict. At the same time, we are also studying how to use the positive energy of digital currency and better serve the real economy.
While the financial industry is opening up to the outside world, it is necessary to prevent financial risks and propose three principles for the opening up of the financial industry.
The three principles of the opening up of the financial industry to the outside world are as follows: First, national treatment before access and negative list management. Second, the reform of the opening up of the financial industry and the formation of exchange rate mechanisms should be coordinated with the reform process of capital account convertibility and jointly promoted. Third, while opening up, we must attach great importance to preventing financial risks and make our financial regulatory capabilities match the degree of openness.
Visa Vice Chairman: Blockchain Available in B2B Payment Scenarios
Blockchains are not very large now, and they are not very fast and cannot be transmitted in real time, which is not enough to support most payment scenarios. Blockchain capacity and speed do not support retail operations because retail customers are very complex and very fragmented.
She suggests that it can be used in corporate transactions rather than retail customers, and revealed that Visa is exploring the use of blockchain in B2B scenarios.
Li Lihui, former president of Bank of China: Great breakthrough in blockchain technology in 2017
Li Lihui, former president of the Bank of China, said that the research and development of the bottom layer of China’s blockchain and application technology has taken the lead in the world.
He said that since 2017, blockchain technology has made great breakthroughs in scale applications. The first breakthrough is the establishment of a multi-dimensional delivery architecture, and the realization of numerous transaction parties in high-complexity financial transaction scenarios. Zero-distance, zero-day trading.
The second breakthrough established a platform for the registration and verification of trusted data. This platform can be used for both financial and non-financial.
Inspur Group Sun Pishu: Using the blockchain to link production, distribution and inspection
Sun Pishu, chairman of the Inspur Group, said that he hopes to use the blockchain to link the production process, circulation process, and inspection and inspection together, establish a quality chain network, link the quality into a network, and promote it.
He said, “I hope that by establishing such a platform, using this technology to establish a quality traceability platform, the current work I do think where your production of the product, you can put the information on the Internet.”
Thunder CEO Chen Lei: Blockchain should not be placed in the laboratory, should be placed in practical applications
Thunder CEO Chen Lei believes that all technologies are forced out during the use of the process.
He said that it is better not to put the blockchain in the lab, but to put the blockchain into the actual application. When you put technology into practical use, you must face the pressure of use every day, and you will be forced to upgrade your technology. If you can’t improve the user, they will scold you, this is the most effective way of technological progress.
Xu Lirong, Chairman of COSCO Shipping: Logistics Development Concept Focuses on New Technologies such as Blockchain
Xu Lirong, Chairman of COSCO Shipping Group, stated at the Boao Forum for Asia held on April 9 that the current development concept of logistics industry is highlighted as “two focuses”: one is that the concept of innovation is no longer focused on traditional elements, but rather “focusing “New technologies and new carriers such as blockchain, new energy, and shipping e-commerce.
The other is that the service concept is no longer focused on single factors and its own elements, but rather it is “focused” on one-stop, integrated, full-service. Vertical integration, cross-border cooperation and cluster competition are becoming the consensus of the industry.
In the 2018 Bo Hao Sina Finance Night — -Zhenghe Island Night Talk, Wu Ying, chairman of Zhongze Realm Investment Fund, talked about the blockchain during the speech and said that he has invested in Bitcoin companies but has not bought any money. The opportunity brought by blockchain is something many people can’t imagine. It is several decades, several hundred times or even thousands of times in the early days of the Internet.
Wu Ying said that the state not only did not prohibit blockchain technology, but also strongly supported it, including mainstream organizations.
Kevin Kelly: Blockchain is a potential tool for sharing economy
At the Boao Forum Digital Economics Forum on April 9th, Kevin Kelly, founding editor of Wired magazine, shared five trends in the future world. Kevin Kelly believes that the third trend is in the sharing economy. Hope to connect everything.
Kevin Kelly stated that “new technologies will create new problems, and these new problems will also require more new technologies to solve them. This is a continuous cycle. In this process, humanity will continue to make progress. This is an important opportunity, and everyone is on the same starting line. No one is still behind. ”
He also pointed out that people are currently collaborating on a number of platforms and hope that there will be technology that will allow one million people to do a project at the same time. How to track the work of millions of people? “This requires a potential tool for blockchain.”
And if there were any doubts that the central government favored Bitcoin, Yi Gang on Wednesday erased them. The deputy governor of the People’s Bank of China, the central bank, said although ... Yi Gang, the newly elected governor of the People's Bank of China (PBOC), expressed a positive stance on the currency, including bit coins. It is interesting to note that the People's Bank of China, which has shown a negative view of cryptography in the meantime, has changed its position on cryptography. Bitcoin News PBoC Chief Yi Gang Admits Bitcoin is Freedom. The opinions on cryptocurrency are always interesting to keep an eye on. In China, it seems there is a growing movement against Bitcoin ... Yi Gang appeared to previously share his positive outlook on Bitcoin. As per the local media reports, Yi has expressed his view on Bitcoin back in 2013. That time, he has stated that the major cryptocurrency cannot be officially recognized by the bank of China in the near future. At the same time, he has made it clear that he recognizes the transactional potential of Bitcoin. He was quoted as ... The exodus of Bitcoin is by far the longest outflow according to Glassnode, an on-china data research platform. Bitcoin has seen its largest prolonged withdrawal of funds from exchanges. According ...
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