Day: August 12, 2020

Statistics: LINK hits a record high, and its total market value of cryptocurrencies is approaching BCH

According to the OKEx market, the chainlink (LINK), a decentralized oracle network, rose by more than 17% in 24 hours, approaching the 15 USDT mark in the short-term, and hitting a new record high. The cumulative increase in the past month has exceeded 200%. According to data from CoinMarketCap, LINK temporarily ranks sixth with a market capitalization of US$5.167 billion, which is US$160 million behind the current ranking of Bitcoin Cash, which is currently ranked at US$5.326 billion. According to…

The German Ministry of Finance announced the draft electronic securities bill, which plans to strengthen the application of blockchain technology

The German Ministry of Finance issued a draft of the Electronic Securities Act, which aims to promote the modernization of the relevant supervision of the German Securities Law. Its core includes the implementation of the new electronic securities law eWpG. The government also regards the application of blockchain technology as one of its main strategies. For example, some benchmark documents will be converted into electronic securities, and the registers based on blockchain technology will be used for storage. The adjustment…

Fintech company Revolut users held approximately $121 million in cryptocurrency in 2019

Revolut, a London-based crypto-friendly financial technology company, released its 2019 annual report. The report shows that despite the growth in revenue and new customers, Revolut’s total losses for the entire year of 2019 exceeded 106.5 million pounds (about 139.6 million U.S. dollars). This is higher than the 33 million pounds (approximately US$43 million) in 2018. However, as of the end of 2019, its customers held 93.3 million pounds (approximately US$121 million) worth of crypto assets. Chain Wen previously reported that…

Managing Director of FBGOne: Lending service providers can hedge market risks by matching collateral with put options and other products

Leo Wang, managing director of FBGOne, a financial services organization, talked about the reasons why CME options have attracted the market’s attention since May at the “Crypto Tonight” event. He said that firstly, the market sentiment after the halving of BTC output is relatively high, and secondly, some traditional sectors Well-known fund managers stated that their funds will begin to build positions in BTC to hedge against inflation risks, further enhancing the market’s popularity. Finally, the global financial market experienced…

BitMax CEO: The futures derivatives market provides more hedging tools to improve market efficiency

George Cao, CEO of BitMax Exchange, stated at the “Crypto Tonight” event that the launch of structured financial products is a very favorable signal for the entire crypto industry. The market for cryptocurrency structured financial products is still relatively small, and is not designed for retail investors in nature. It still has a long way to go. It is a very good thing to have structured products competing on another node in the ecosystem. In the past two years, the…

LedgerPrime Managing Partner: Options will be relatively expensive on regulated exchanges with higher collateral requirements

Shiliang Tang, managing partner and chief investment officer of LedgerPrime, a quantitative digital asset hedge fund, said in the “Crypto Tonight” event that some unregulated options are more like offshore options. The financial efficiency of trading on Deribit is almost five to ten times that of other platforms. Therefore, when looking at the specific option price, it may be in the tail or where the funds are located. Generally speaking, the price of these options on regulated exchanges with higher…

The total value of the Bitcoin trust held by Grayscale in the first half of this year reached 3.5 billion US dollars

According to the quarterly report submitted by Grayscale Investments to the U.S. Securities and Exchange Commission (SEC), in the first six months of this year, the total value of Grayscale Bitcoin Trust (GBTC) has increased by more than $1.6 billion, and the total value of GBTC has increased from 2019 The USD 1.87 billion at the end of the year rose to USD 3.5 billion at the end of the second quarter of 2020, an increase of 90%. The number…

Shenzhen will promote the application of smart supervision methods of new technologies such as blockchain

The Standing Committee of the Shenzhen Municipal People’s Congress issued a public announcement on the “Regulations on Optimizing the Business Environment in Shenzhen Special Economic Zone (Draft)”. It is mentioned in the draft to promote the application of intelligent supervision methods of new technologies such as big data, artificial intelligence, blockchain, and 5G, and implement off-site supervision such as remote supervision, mobile supervision, and early warning and prevention and control.

BitMEX CEO participated in YAM liquidity mining, YAM pledge pool funds have exceeded 380 million US dollars

Cryptocurrency exchange BitMEX CEO and co-founder Arthur Hayes announced that he has become a liquid mining user and expressed his optimism about the DeFi field, which will help the bull market. According to the Twitter image, his current liquidity mining project is Yam Finance (YAM). The chain news query found that as of now, the value of assets locked in its pledge pool has exceeded 380 million US dollars. The YAM token price is US$96.79, and Yam initially set a…

New York Digital Investment Group’s third Bitcoin fund has completed $4.95 million in fundraising

According to the United States Securities and Exchange Commission (SEC) documents, the New York Digital Investment Group (NYDIG) has raised US$4.9958126 for the newly established Bitcoin fund through private placement. At present, 56 eligible investors have committed to invest in the fund, and NYDIG has not disclosed the net asset value of the fund. According to previous reports from Chain Wen, last month, NYDIG disclosed that it had completed a $190 million bitcoin fundraising, which has 24 investors and is…