• The first Bitcoin ETF on Wall Street is crazy or the bitter snake of retail investors. Insiders do not recommend buying

    After the launch of the first Bitcoin exchange-traded fund on Wall Street , market funds flocked to this product that tracks Bitcoin futures contracts. In just 4 trading days, 1.2 billion US dollars of funds poured into the ProShares Bitcoin Strategy ETF and pushed the Bitcoin price to a record high. This product has successively set several major fund industry records: the world’s fastest fund to exceed 1 billion US dollars; the first day of issuance turnover exceeded 100 million US dollars, the second highest in history. Such a scale of capital inflows can’t help but make…

    News 2021-10-25
  • DeFi Daily | AntChain’s official Weibo responds to the change of NFT

    DeFi data 1. DeFi total market value: 150.193 billion US dollars DeFi total market value data source: Coingecko 2. Transaction volume on decentralized exchanges in the past 24 hours: US$3.85 billion Source of transaction volume data on decentralized exchanges in the past 24 hours: Debank 3. Total borrowings of DeFi lending platform: 28.76 billion U.S. dollars Data source of total borrowings on DeFi lending platform: Debank 4.1 Assets locked in DeFi: $105.86 billion The top ten rankings of locked assets in DeFi projects and the amount of locked positions, data…

    2021-10-25 DeFi News
  • The Bitcoin ETF market may start a “cruel fee war”

    With two U.S.-listed ETFs linked to Bitcoin futures unveiled on Wall Street last week, the once seemingly remote possibility is now accelerating to become a reality. An ETF is an investment tool that tracks the performance of one or a group of assets. Take the Bitcoin futures ETF as an example. The specific asset is a Bitcoin futures contract traded on the Chicago Mercantile Exchange (CME). Currently, CME is the only compliant trading platform in the United States that provides such products. ProShares Bitcoin Strategy Fund (ProShares Bitcoin Strategy Fund) is the first Bitcoin futures ETF listed in the United…

    Bitcoin News 2021-10-25
  • ​How to discover the potential rug pull in DeFi

    If you are a DeFi investor, one of the most painful feelings in the world is to experience what is called “rug pull.” Rug pull usually means that the developer of the project abandons the project and runs away with funds. It can happen in many ways, for example, when the developer initiates initial liquidity, pushes up the price, and then withdraws liquidity, preventing holders from exiting their positions. Another common method is to launch a website but close it after attracting hundreds of thousands of deposits. According to Ciphertrace data,…

    2021-10-25 DeFi News
  • Five tips to be wary of hackers to help you cast NFT safely

    Hackers are exploring NFT Discord to find weaknesses. This week, we saw a tragic example when Discord of CreatureToadz was temporarily attacked. During the incident, the hacker used this opportunity to post a fake “invisible drop” link, which seemed to point to an NFT minting interface, and then the victims spent ETH (they thought they were minting NFT), but in fact all All of the money was directly transferred to the attacker’s address, and no NFT was minted. “This is very hurtful. Discord was destroyed for about 45 minutes. We just regained…

    2021-10-25
  • How to view the Bitcoin ETF: a breakthrough or a compromise?

    The spring of cryptocurrency may have arrived, but the seasons may change at any time. The season of cryptocurrency has changed. In 2017, when Bitcoin rose to nearly $20,000 for the first time, regulatory sanctions triggered a “winter” of cryptocurrency, and the low price lasted for almost three years. In May of this year, China’s crackdown on cryptocurrency transactions brought a frost, cutting the price of Bitcoin from its peak of $64,900. After only a few months of freezing, the situation began to warm up again. On October 20th, Bitcoin briefly broke through $67,000, hitting a…

    Ethereum News 2021-10-25
  • Facebook wants to change its name to Metaverse, is it a hot spot? They may have been preparing for 7 years

    Recently, there have been reports that Facebook Inc. will be renamed as Meta Universe, and this not-so-novel term has become global headlines. The technology news site The Verge reported a few days ago that the company, known for its social network and messaging platform, will change its company name to better express its ambition to establish a meta-universe. At the same time, the California-based company is facing legislators to review the negative impact of its platform on users, the dissemination of misinformation, and monopolistic tendencies. Beth Coleman, a professor at…

    2021-10-25
  • What are the upcoming benefits of the beacon chain Altair upgrade?

    Since the last Ethernet Square PoW chain experience “London” upgrade and change the way miners’ income since, less than three months time. Now, the core developers of Ethereum are embarking on another important upgrade: the beacon chain Altair upgrade , which is scheduled for October 27th (Wednesday) . Altair is the first upgrade since the beacon chain went online , and the beacon chain is helping the Ethereum network get rid of PoW. According to Pooja Ranjan, head of Ethereum Cat Herders, Altair may be “the only upgrade to the beacon chain before Ethereum transitions to PoS.” The beacon chain has been officially launched in December…

    2021-10-25
  • The central bank digital currency in the historical perspective: another crossroads in the history of currency

    This article analyzes some arguments about CBDC from the perspective of currency history. In the final analysis, the history of monetary system reform shows that the technological change of currency is inevitably driven by the financial incentives of the market economy. The government has always played a key role in providing external currency, and external currency is a public product. The government also regulates the intrinsic currency provided by the private sector. This applies to trust currencies and may also apply to digital currencies. CBDC can improve the efficiency of monetary policy, and can also…

    News 2021-10-25
  • The difficulty bomb postponed: how to make a decision?

    This article is an exercise to predict the impact of EIP 4345. This EIP proposes to postpone the difficulty bomb in December 2021. Our goal is to see if we can help determine when and how much to postpone, so that the difficulty bomb is expected to explode again in May 2022. Pre-knowledge I have written many articles on this topic before: About the method of difficulty calculation: It’s Not the Difficult (Chinese translation) On how to postpone the difficulty bomb: A Method to Diffuse the Difficulty Bomb Some older articles can…

    2021-10-25 News
  • Layer 2, cross-chain and public chain triad, who will realize the scalable dream of blockchain?

    Inventory block chain these years of development, from the initial Bitcoin , Ethernet Square to cross-link, DeFi, then NFT and meta-universe, etc., in the emerging new things this year, more and more enterprises, and other users also Participating one after another, the wave of the blockchain has not been flattened out one after another. However, with the growth of the ecology and application of the blockchain, there are more and more operations on the chain, which makes the congestion evolved from the initial “small problem” to the “big pain point”, which hinders the development…

    2021-10-25
  • The original source is clear: a thorough understanding of blockchain and smart contracts

    This article understands the origin and operating principles of blockchain and Ethereum smart contracts. If you mention blockchain and Ethereum smart contracts, I believe everyone will be very happy to say that I have heard of them! But do you really understand its origin and operating principle? Today, the editor will answer for everyone. Block chain, Bitcoin , Ethernet Square, intelligent contractual relationship between these four are: It is recognized that blockchain was born after the release of Bitcoin White Paper, that is, most of the ideas in blockchain technology are derived from Bitcoin. So Bitcoin technology…

    News 2021-10-25
  • Inventory of the current 13 largest NFT markets

    The current NFT market is dominated by decentralized platforms, and is mainly concentrated in the Ethereum ecosystem. NFT is a unique encrypted token associated with digital content (such as artwork, music, or video), which can represent the ownership of digital content. In March 2021, the NFT work “Everydays: The First 5000 Days” created by the well-known crypto artist Beeple was sold at Christie for a high price of US$69.35 million. After that, wave after wave of NFT boom emerged, attracting more and more people to invest Purchase NFT works such as…

    2021-10-25 Metaverse & NFT News
  • Deep dismantling of Coinbase: from the king of encryption to the open financial system glory and risk coexist

    Coinbase is the most popular consumer-oriented crypto asset exchange in the United States, and it has gained a significant reputation in the consumer/transaction field of crypto enthusiasts. In May 2021, Coinbase once again ascended to the top position of the Apple App Store. Although it has been in the first place for a short time, its popularity has soared and it has positioned itself as a “safe haven” among crypto exchanges. And “the entrance to mainstream crypto investors.” In addition, Coinbase is also frantically pursuing compliance with existing regulations and law enforcement,…

    2021-10-25 News
  • In-depth understanding of how the top ten DAOs work

    Decentralized Autonomous Organizations (DAOs) are quickly becoming the standard for projects that want to create self-sustainable applications and services around the blockchain industry. This concept opens up new opportunities for ordinary blockchain application users to contribute to and vote for development and non-development changes in this way. In view of the eye-catching nature of this governance model and the speed at which it gains traction, this article selects the top ten projects based on CoinMarketCap data and uses the activity and market value of the DAO to discuss how its members…

    News 2021-10-25
  • Blockchain: The Rise of the Trust Economy (2)

    Alibaba Research Institute recently released the “Rise of the Trust Economy-2020 China Blockchain Development Report”. The report includes four chapters including the preface and “Blockchain Overview and Development Direction”, “Current Status of Blockchain Development at Home and Abroad”, “Typical Application Scenarios”, and “Blockchain Development Trends and Recommendations”. Ress Finance will continue to extract them. The report is for readers.  Blockchain: The Rise of the Trust Economy (1) Definition and development of blockchain  In 2008, a person named “Satoshi Nakamoto” published an article ” Bitcoin : A Peer-to-Peer Electronic Cash System”, which is considered…

    2021-10-25 News
  • Oracles: the invisible pillar of DeFi and blockchain applications

    Smart contracts are software codes that run on a blockchain network (such as Ethereum ) and perform operations or tasks based on specific events. Suppose I want to make a transaction. In the transaction, I provide the recipient’s address and proof that I own and own network funds. If all goes well, the network will “transfer” the funds to the recipient. What if I want to create a decentralized application that requires external data, such as the current weather temperature, the price of Ethereum, or even the results of baseball games? How does a smart contract,…

    2021-10-25
  • Directly hitting the Dapp dilemma, what has UENC changed?

    “Whoever has it will be doubled to make him redundant; if there is not, even what he has will be taken over.” ——The Bible “New Testament·Gospel of Matthew”  Since the concept of Dapp (decentralized application) was born, people are witnessing the rapid expansion and popularity of Dapp. And it is like a hanging “Sword of Damocles”, once again arousing widespread heated discussion on Dapp security and future development within the industry. What is Dapp?    DApps are distributed applications based on blockchain technology. Unlike traditional applications built on IOS and Android platforms, DApps…

    reviews 2021-10-25
  • The first Dogecoin trillionaire? Musk tweeted again to support DogecoinThe first Dogecoin trillionaire? Musk tweeted again to support Dogecoin

    Tesla CEO Andy Herron – Musk recently mentioned many times and expressed support for the reply message Twitter users in dog money . According to the Bloomberg Billionaires Index, as of the morning of October 15th, the 50-year-old Tesla head Musk’s net worth has reached 230 billion US dollars, or about 1.49 trillion yuan. Recently, thanks to the sharp rise in Tesla stock and the sale of SpaceX stock, Musk’s wealth this year has increased by more than $60 billion. At present, Musk’s personal assets have reached the sum of Gates and Buffett’s assets. Musk specifically mentioned…

    2021-10-25 DogeCoin News
  • Committed to promoting macroeconomic growth Nigeria launched the central bank digital currency e-Naira

    According to news on October 25, Nigerian President Muhammadu Buhari today announced the launch of CBDC e-Naira at the California State Capitol in Abu to improve payment capabilities. The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele said that e-Naira will be used as a wallet and customers can hold funds in their bank accounts. In addition, the bank pointed out in a statement that eNaira represents a major advancement in currency development, and CBN is committed to ensuring that eNaira is available to everyone. In September of this…

    News 2021-10-25
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