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$The central bank talks about encrypted assets for the first time, is the currency circle ushering in a turn for the better? Recently, the official website of the People's Bank of China released the much-anticipated "China Financial Stability Report" (hereinafter referred to as the "Report"). Reading through the full text, we can not only discover the difficulties faced by our country's economic growth between the lines, but also feel the efforts made by regulatory agencies such as the central bank to stabilize the economic market. At the same time, we have also seen that in the context of today's huge economic downward pressure, regulatory agencies are focusing mainly on the disposal of non-performing assets of banking and other financial institutions, defusing high-risk enterprise groups, and rectifying third-party wealth management companies and cross-border financial institutions. In fields such as overseas Internet securities firms, the focus of maintaining financial order has not wavered. However, stability does not mean standing still. In this report on making progress while maintaining stability, the central bank has for the first time made a clear discussion of the risks associated with crypto-assets and its future regulatory attitude in a serious manner. This has to be said to be a major milestone. progress.
$The central bank talks about encrypted assets for the first time, is the currency circle ushering in a turn for the better?

Recently, the official website of the People's Bank of China released the much-anticipated "China Financial Stability Report" (hereinafter referred to as the "Report"). Reading through the full text, we can not only discover the difficulties faced by our country's economic growth between the lines, but also feel the efforts made by regulatory agencies such as the central bank to stabilize the economic market. At the same time, we have also seen that in the context of today's huge economic downward pressure, regulatory agencies are focusing mainly on the disposal of non-performing assets of banking and other financial institutions, defusing high-risk enterprise groups, and rectifying third-party wealth management companies and cross-border financial institutions. In fields such as overseas Internet securities firms, the focus of maintaining financial order has not wavered.

However, stability does not mean standing still. In this report on making progress while maintaining stability, the central bank has for the first time made a clear discussion of the risks associated with crypto-assets and its future regulatory attitude in a serious manner. This has to be said to be a major milestone. progress.
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A young man bought 100,000 Bitcoins and successfully cashed out 13.5 billion, but later claimed it was a scamLi Xiaolai, the biggest winner in the Bitcoin incident, realized his dream of getting rich overnight by exchanging 100,000 Bitcoins for 13.5 billion in cash. Li Xiaolai was originally just an English teacher at New Oriental living on his salary every day, but by chance, he learned about Bitcoin and felt that this virtual currency had a very promising future, so he invested in Bitcoin. He frantically buys Bitcoins when prices are low, then hoards them, sells them when Bitcoin prices are high, and earns the price difference between the two. Some people may think that the profit from this price difference is actually not big, but no matter how small a fly is, it is still meat. Through Li Xiaolai's continuous efforts, the number of Bitcoins in his hands has been growing significantly and steadily, and has reached the huge number of 100,000. When Li Xiaolai held 100,000 Bitcoins, the price of Bitcoin was actually still very low. For his own Bitcoins and to make more money, Li Xiaolai founded the Bitcoin Foundation. He promoted and analyzed Bitcoin investment plans and investment profits everywhere, successfully bringing Bitcoin into people's sight. At this time, Bitcoin's popularity gradually increased, reaching an incredible level. From 2014 to 2017, the price of one Bitcoin has reached an astonishing 140,000 yuan. Li Xiaolai, who held 100,000 Bitcoins, took advantage of the current favorable situation to sell out all his Bitcoins and successfully cashed out 13.5 billion. After making money, Li Xiaolai naturally wanted to succeed and retire, so Li Xiaolai gradually faded out of everyone's sight. Just when everyone was about to forget about this incident, Li Xiaolai appeared again. When he appeared again, he told everyone that Bitcoin was just a scam. As soon as these words were said, many people began to question Li Xiaolai's wealth and income, and his behavior of retiring after making money. Many people condemned Li Xiaolai for this matter. In this regard, Li Xiaolai explained that he was originally an "Internet celebrity". After experiencing packaging, he only revealed what the capital wanted to present to everyone. But now that Bitcoin has risen to a price of 37,000 US dollars, I think everyone will naturally have a conclusion in their minds as to whether Bitcoin is a scam or not.

A young man bought 100,000 Bitcoins and successfully cashed out 13.5 billion, but later claimed it was a scam

Li Xiaolai, the biggest winner in the Bitcoin incident, realized his dream of getting rich overnight by exchanging 100,000 Bitcoins for 13.5 billion in cash. Li Xiaolai was originally just an English teacher at New Oriental living on his salary every day, but by chance, he learned about Bitcoin and felt that this virtual currency had a very promising future, so he invested in Bitcoin. He frantically buys Bitcoins when prices are low, then hoards them, sells them when Bitcoin prices are high, and earns the price difference between the two. Some people may think that the profit from this price difference is actually not big, but no matter how small a fly is, it is still meat. Through Li Xiaolai's continuous efforts, the number of Bitcoins in his hands has been growing significantly and steadily, and has reached the huge number of 100,000. When Li Xiaolai held 100,000 Bitcoins, the price of Bitcoin was actually still very low. For his own Bitcoins and to make more money, Li Xiaolai founded the Bitcoin Foundation. He promoted and analyzed Bitcoin investment plans and investment profits everywhere, successfully bringing Bitcoin into people's sight. At this time, Bitcoin's popularity gradually increased, reaching an incredible level. From 2014 to 2017, the price of one Bitcoin has reached an astonishing 140,000 yuan. Li Xiaolai, who held 100,000 Bitcoins, took advantage of the current favorable situation to sell out all his Bitcoins and successfully cashed out 13.5 billion. After making money, Li Xiaolai naturally wanted to succeed and retire, so Li Xiaolai gradually faded out of everyone's sight. Just when everyone was about to forget about this incident, Li Xiaolai appeared again. When he appeared again, he told everyone that Bitcoin was just a scam. As soon as these words were said, many people began to question Li Xiaolai's wealth and income, and his behavior of retiring after making money. Many people condemned Li Xiaolai for this matter. In this regard, Li Xiaolai explained that he was originally an "Internet celebrity". After experiencing packaging, he only revealed what the capital wanted to present to everyone. But now that Bitcoin has risen to a price of 37,000 US dollars, I think everyone will naturally have a conclusion in their minds as to whether Bitcoin is a scam or not.
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Musk family historyElon Musk is a well-known entrepreneur and founder whose fortune can be traced back to his early entrepreneurial experiences and successful companies. The following is a brief introduction to Musk’s family history: Early Entrepreneurship and Early Wealth: Musk founded Zip2 in 1995, a company that provided online city guides. He co-founded the company with his brother Kim and a friend. Zip2's customers include major newspapers such as the New York Times and the Chicago Tribune. In 1999, Musk sold Zip2 to Compaq for $305 million.

Musk family history

Elon Musk is a well-known entrepreneur and founder whose fortune can be traced back to his early entrepreneurial experiences and successful companies. The following is a brief introduction to Musk’s family history:

Early Entrepreneurship and Early Wealth:

Musk founded Zip2 in 1995, a company that provided online city guides. He co-founded the company with his brother Kim and a friend. Zip2's customers include major newspapers such as the New York Times and the Chicago Tribune. In 1999, Musk sold Zip2 to Compaq for $305 million.
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Satoshi Nakamoto RevealedThe identity and true face of Satoshi Nakamoto has always been a mystery in the cryptocurrency world, with no conclusive evidence revealing his/her true identity. There are several possible theories and speculations, but all lack solid evidence: Single person theory: The most common theory is that Satoshi Nakamoto is a single person or a small team. This theory holds that Satoshi Nakamoto was a person who took privacy very seriously and may have decided to remain anonymous for security and privacy reasons. Multi-Man Theory: Another theory suggests that Satoshi may have been a team rather than one person. This team may consist of cryptographers, computer scientists, and experts in other fields. Pseudonym theory: Some people believe that Satoshi Nakamoto may be a pseudonym, representing a group or organization rather than a specific person. Hayek theory: There is also a theory that Satoshi Nakamoto may be a student or follower of Austrian economist Friedrich Hayek (Friedrich Hayek), using this pseudonym to promote free market ideas.

Satoshi Nakamoto Revealed

The identity and true face of Satoshi Nakamoto has always been a mystery in the cryptocurrency world, with no conclusive evidence revealing his/her true identity. There are several possible theories and speculations, but all lack solid evidence:
Single person theory: The most common theory is that Satoshi Nakamoto is a single person or a small team. This theory holds that Satoshi Nakamoto was a person who took privacy very seriously and may have decided to remain anonymous for security and privacy reasons. Multi-Man Theory: Another theory suggests that Satoshi may have been a team rather than one person. This team may consist of cryptographers, computer scientists, and experts in other fields. Pseudonym theory: Some people believe that Satoshi Nakamoto may be a pseudonym, representing a group or organization rather than a specific person. Hayek theory: There is also a theory that Satoshi Nakamoto may be a student or follower of Austrian economist Friedrich Hayek (Friedrich Hayek), using this pseudonym to promote free market ideas.
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As Bitcoin rushes towards a new all-time high, what is the status of the lawsuit between Changpeng Zhao and SBF?After experiencing continuous surges this month, Bitcoin has reached $69,000. Successfully reached the record of $69,000 set in November 2021. At a moment like this, one can’t help but think of two former cryptocurrency tycoons who have been convicted, Changpeng Zhao and Sam Bankman-Fried (SBF), both of whom are currently waiting for the judge to determine their sentences. Zhao Changpeng’s sentencing was postponed. This may not be good news. According to the plea agreement reached in November last year, Zhao Changpeng posted bail for US$175 million. The sentencing date was set for February 23 this year. However, in mid-February this year, the Seattle Federal Court announced that it would postpone the sentencing to April 30. Although all parties are tight-lipped about this, analysts generally believe that this may be the result of prosecutors seeking a harsher sentence. Because the plea agreement signed by Zhao Changpeng clearly included the clause that "the appeal will be waived if the sentence does not exceed 18 months." Assuming there is no attempt by prosecutors to seek a harsher sentence, the current delay cannot be explained. At the same time, the U.S. Department of Justice is also seeking to tighten restrictions on Zhao Changpeng. Court documents released last week showed that the U.S. prosecutors applied to the court to adjust Zhao Changpeng's bail conditions, including surrendering his Canadian passport and prohibiting changing residences without permission. The prosecutor also said that pretrial services officials recommended limiting Zhao Changpeng's scope of activities and only allowing him to travel to the western region of Washington state and the area where he currently lives. Zhao Changpeng's lawyer objected. Judge Richard Jones, who was in charge of the case, ruled in December last year that Zhao Changpeng was prohibited from leaving the country. Changpeng Zhao once wrote a letter to the judge requesting that he return to the United Arab Emirates for up to four weeks to take care of a relative and friend who was about to undergo surgery, and expressed his willingness to pledge all the shares of Binance US. The request was rejected by the judge. SBF's parents started a "mobilization of relatives and friends" mode. Since Zhao Changpeng had a plea agreement, the potential prison term was not exaggerated. But SBF was different. The charges he faced could lead to a maximum of 110 years in prison. According to court documents, a probation officer has recommended a 100-year sentence. Federal prosecutors have until March 15 to submit documents outlining their sentencing recommendations. Faced with the prospect of decades in prison for their son, who turns 32 next week, SBF attorneys and his parents, Stanford Law School professors Joseph Bankman and Barbara Fried, are Try to "sway people" and make every effort to get a lighter sentence.In court filings on Tuesday, Bankman's lawyers told the judge that an appropriate sentence for SBF would be between five and a half to six and a half years, calling officials' recommendation of a "100-year sentence" absurd and barbaric. . His lawyers highlighted that SBF has autism spectrum disorder and would be "particularly vulnerable" in prison. After being convicted last year, SBF replaced its original legal team and hired Mark Mukasey, who had previously litigated against Trump. He also fought a lawsuit against Trevor Milton, founder of electric truck manufacturer Nikola, for defrauding investors. Milton was ultimately sentenced to four years in prison, far less than the 11 years requested by prosecutors. The defense also emphasized in the document that since the conclusion of SBF's trial proceedings, FTX's bankruptcy proceedings have shown that the company was solvent at the time of bankruptcy, so the damage to customers, lenders and investors was actually zero. At the same time, SBF's parents are also working hard to get the final verdict. In the document submitted by the defense this week, a memo submitted by 29 people was attached, praising SBF as a kind, empathetic, hard-working and selfless billionaire. Those who wrote the letter include SBF's parents, his younger brother, and many former colleagues of SBF. Natalie Tien, who once worked as an assistant to SBF at FTX, told the media that she wrote the memo after receiving an email from SBF's parents urging him to write "from the bottom of his heart" about their son. Outside of the court proceedings, law professor friends of SBF’s parents are also pushing the case from all aspects. In January this year, John Donohue, a professor at Stanford University Law School, and Ian Ayres, a professor at Yale University Law School, wrote an article stating that FTX has sufficient assets to protect the interests of customers “from beginning to end.” At the same time, Professor Jonathan Lipson of Temple University also revealed that he is cooperating with David Skeel of the University of Pennsylvania Law School to write an academic paper, the main purpose of which is to criticize Sullivan & Cromwell, the law firm responsible for FTX’s bankruptcy. In the article, the pair argued that the law firm may have distorted the criminal justice process by providing prosecutors with extensive FTX data, according to an unreleased draft. Professor Lipson revealed that a professor from Stanford University contacted him last year and offered him the opportunity to contact SBF parents. As for SBF himself, he has been held in the Metropolitan Detention Center in Brooklyn since his conviction.According to the latest reports, he has now shaved his head and is still in prison sharing tips on investing in cryptocurrency and giving specific investment advice to prison guards.

As Bitcoin rushes towards a new all-time high, what is the status of the lawsuit between Changpeng Zhao and SBF?

After experiencing continuous surges this month, Bitcoin has reached $69,000. Successfully reached the record of $69,000 set in November 2021. At a moment like this, one can’t help but think of two former cryptocurrency tycoons who have been convicted, Changpeng Zhao and Sam Bankman-Fried (SBF), both of whom are currently waiting for the judge to determine their sentences. Zhao Changpeng’s sentencing was postponed. This may not be good news. According to the plea agreement reached in November last year, Zhao Changpeng posted bail for US$175 million. The sentencing date was set for February 23 this year. However, in mid-February this year, the Seattle Federal Court announced that it would postpone the sentencing to April 30. Although all parties are tight-lipped about this, analysts generally believe that this may be the result of prosecutors seeking a harsher sentence. Because the plea agreement signed by Zhao Changpeng clearly included the clause that "the appeal will be waived if the sentence does not exceed 18 months." Assuming there is no attempt by prosecutors to seek a harsher sentence, the current delay cannot be explained. At the same time, the U.S. Department of Justice is also seeking to tighten restrictions on Zhao Changpeng. Court documents released last week showed that the U.S. prosecutors applied to the court to adjust Zhao Changpeng's bail conditions, including surrendering his Canadian passport and prohibiting changing residences without permission. The prosecutor also said that pretrial services officials recommended limiting Zhao Changpeng's scope of activities and only allowing him to travel to the western region of Washington state and the area where he currently lives. Zhao Changpeng's lawyer objected. Judge Richard Jones, who was in charge of the case, ruled in December last year that Zhao Changpeng was prohibited from leaving the country. Changpeng Zhao once wrote a letter to the judge requesting that he return to the United Arab Emirates for up to four weeks to take care of a relative and friend who was about to undergo surgery, and expressed his willingness to pledge all the shares of Binance US. The request was rejected by the judge. SBF's parents started a "mobilization of relatives and friends" mode. Since Zhao Changpeng had a plea agreement, the potential prison term was not exaggerated. But SBF was different. The charges he faced could lead to a maximum of 110 years in prison. According to court documents, a probation officer has recommended a 100-year sentence. Federal prosecutors have until March 15 to submit documents outlining their sentencing recommendations. Faced with the prospect of decades in prison for their son, who turns 32 next week, SBF attorneys and his parents, Stanford Law School professors Joseph Bankman and Barbara Fried, are Try to "sway people" and make every effort to get a lighter sentence.In court filings on Tuesday, Bankman's lawyers told the judge that an appropriate sentence for SBF would be between five and a half to six and a half years, calling officials' recommendation of a "100-year sentence" absurd and barbaric. . His lawyers highlighted that SBF has autism spectrum disorder and would be "particularly vulnerable" in prison. After being convicted last year, SBF replaced its original legal team and hired Mark Mukasey, who had previously litigated against Trump. He also fought a lawsuit against Trevor Milton, founder of electric truck manufacturer Nikola, for defrauding investors. Milton was ultimately sentenced to four years in prison, far less than the 11 years requested by prosecutors. The defense also emphasized in the document that since the conclusion of SBF's trial proceedings, FTX's bankruptcy proceedings have shown that the company was solvent at the time of bankruptcy, so the damage to customers, lenders and investors was actually zero. At the same time, SBF's parents are also working hard to get the final verdict. In the document submitted by the defense this week, a memo submitted by 29 people was attached, praising SBF as a kind, empathetic, hard-working and selfless billionaire. Those who wrote the letter include SBF's parents, his younger brother, and many former colleagues of SBF. Natalie Tien, who once worked as an assistant to SBF at FTX, told the media that she wrote the memo after receiving an email from SBF's parents urging him to write "from the bottom of his heart" about their son. Outside of the court proceedings, law professor friends of SBF’s parents are also pushing the case from all aspects. In January this year, John Donohue, a professor at Stanford University Law School, and Ian Ayres, a professor at Yale University Law School, wrote an article stating that FTX has sufficient assets to protect the interests of customers “from beginning to end.” At the same time, Professor Jonathan Lipson of Temple University also revealed that he is cooperating with David Skeel of the University of Pennsylvania Law School to write an academic paper, the main purpose of which is to criticize Sullivan & Cromwell, the law firm responsible for FTX’s bankruptcy. In the article, the pair argued that the law firm may have distorted the criminal justice process by providing prosecutors with extensive FTX data, according to an unreleased draft. Professor Lipson revealed that a professor from Stanford University contacted him last year and offered him the opportunity to contact SBF parents. As for SBF himself, he has been held in the Metropolitan Detention Center in Brooklyn since his conviction.According to the latest reports, he has now shaved his head and is still in prison sharing tips on investing in cryptocurrency and giving specific investment advice to prison guards.
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ETFs, halving, interest rate cuts, where will Bitcoin go next?As next Wednesday's deadline for the approval of spot Bitcoin ETFs approaches, industry insiders are optimistic about the introduction of these instruments, which they believe will pave the way for tens of billions of dollars to flow into Bitcoin over the next few years. Additionally, there is a lot of optimism among market participants about the upcoming Bitcoin halving, an event in April that will reduce the inflation of Bitcoin block subsidies by 50%, and which historically has typically resulted in lower miner sales, thus Spurring Bitcoin prices soaring. While just two clear Bitcoin catalysts are enough to set the stage for a rise in Bitcoin price, next year's expected interest rate cuts have traders eagerly anticipating a more favorable macro environment that will allow Bitcoin to break out to new levels. Historical highs. Nonetheless, the recent bullish rhetoric on Bitcoin has not been stingy. However, before not hesitating to follow Bitcoin’s lead to enjoy the massive gains that may come in 2024, there are some important considerations to keep in mind. Demand Must Realize Americans may be new to spot crypto ETFs, but these vehicles already exist in Canada and Europe, and their adoption has varied. Canada’s Purpose Spot Bitcoin ETF has increased its Bitcoins under management by 50% to 35,000 since the end of September, a respectable increase. Meanwhile, European publisher Jacobi has only managed to amass a meager $1.7 million in assets since launching in November. Global investors face the same investment story as Americans, and their lack of demand for spot Bitcoin products may mean that U.S. inflows may be less than ideal. For the approval of a Bitcoin ETF to have an immediate positive impact, issuers must meet new demand from outside investors seeking to gain exposure to Bitcoin; however, it is currently unclear whether such demand exists. Making it easier to invest in Bitcoin will be a bullish catalyst for the asset in the long term. However, bulls still face the risk of a trading error if the ETF is approved and the resulting immediate inflows disappoint. History Just Rhymes Just because previous Bitcoin halving events have been bullish, it does not mean that future halving events will be bullish as well.Just as the small reduction in Ethereum issuance after the merger failed to drive Ethereum price in the following months (the ETH/BTC ratio has fallen by more than 30% since then), the reduction in issuance from this Bitcoin halving Volume is also not guaranteed to have a positive impact on Bitcoin price. While alleviating selling pressure by reducing block issuance will undoubtedly have some degree of bullish impact on Bitcoin prices, the impact of this halving will be significantly lessened compared to previous halvings; if we expect Bitcoin Don’t be surprised if the post-halving price increase pattern doesn’t materialize. Rate cuts are not automatically positive Many people confuse lower rates with easing economic conditions, but they are only one input in the macro story. All else being equal, lowering interest rates does lower the required rate of return, making risky investments such as cryptocurrencies appear more attractive. However, it is key to remember that rate cuts have historically been a monetary response to economic deterioration. Regardless of asset class, the biggest risk for any investor is the market, and it's unclear whether lower interest rates will be enough to combat an economy showing signs of recession. Cryptocurrencies don’t exist during prolonged economic contractions, and peak interest rates suggest the worst of the recession is yet to come.

ETFs, halving, interest rate cuts, where will Bitcoin go next?

As next Wednesday's deadline for the approval of spot Bitcoin ETFs approaches, industry insiders are optimistic about the introduction of these instruments, which they believe will pave the way for tens of billions of dollars to flow into Bitcoin over the next few years. Additionally, there is a lot of optimism among market participants about the upcoming Bitcoin halving, an event in April that will reduce the inflation of Bitcoin block subsidies by 50%, and which historically has typically resulted in lower miner sales, thus Spurring Bitcoin prices soaring. While just two clear Bitcoin catalysts are enough to set the stage for a rise in Bitcoin price, next year's expected interest rate cuts have traders eagerly anticipating a more favorable macro environment that will allow Bitcoin to break out to new levels. Historical highs. Nonetheless, the recent bullish rhetoric on Bitcoin has not been stingy. However, before not hesitating to follow Bitcoin’s lead to enjoy the massive gains that may come in 2024, there are some important considerations to keep in mind. Demand Must Realize Americans may be new to spot crypto ETFs, but these vehicles already exist in Canada and Europe, and their adoption has varied. Canada’s Purpose Spot Bitcoin ETF has increased its Bitcoins under management by 50% to 35,000 since the end of September, a respectable increase. Meanwhile, European publisher Jacobi has only managed to amass a meager $1.7 million in assets since launching in November. Global investors face the same investment story as Americans, and their lack of demand for spot Bitcoin products may mean that U.S. inflows may be less than ideal. For the approval of a Bitcoin ETF to have an immediate positive impact, issuers must meet new demand from outside investors seeking to gain exposure to Bitcoin; however, it is currently unclear whether such demand exists. Making it easier to invest in Bitcoin will be a bullish catalyst for the asset in the long term. However, bulls still face the risk of a trading error if the ETF is approved and the resulting immediate inflows disappoint. History Just Rhymes Just because previous Bitcoin halving events have been bullish, it does not mean that future halving events will be bullish as well.Just as the small reduction in Ethereum issuance after the merger failed to drive Ethereum price in the following months (the ETH/BTC ratio has fallen by more than 30% since then), the reduction in issuance from this Bitcoin halving Volume is also not guaranteed to have a positive impact on Bitcoin price. While alleviating selling pressure by reducing block issuance will undoubtedly have some degree of bullish impact on Bitcoin prices, the impact of this halving will be significantly lessened compared to previous halvings; if we expect Bitcoin Don’t be surprised if the post-halving price increase pattern doesn’t materialize. Rate cuts are not automatically positive Many people confuse lower rates with easing economic conditions, but they are only one input in the macro story. All else being equal, lowering interest rates does lower the required rate of return, making risky investments such as cryptocurrencies appear more attractive. However, it is key to remember that rate cuts have historically been a monetary response to economic deterioration. Regardless of asset class, the biggest risk for any investor is the market, and it's unclear whether lower interest rates will be enough to combat an economy showing signs of recession. Cryptocurrencies don’t exist during prolonged economic contractions, and peak interest rates suggest the worst of the recession is yet to come.
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Will Bitcoin Continue to Soar in 2024?2024 could be the year Bitcoin (BTC-USD) reaches all-time highs, thanks to two key catalysts: potential spot ETF approval and the halving event. With just a week left until the earliest deadline for the U.S. Securities and Exchange Commission (SEC) to approve a spot Bitcoin (BTC-USD) ETF, investors appear to be jumping on the FOMO (fear of missing out) train. To be sure, the most watched cryptocurrency (BTC-USD) topped $45 early Tuesday for the first time in nearly two years, spurring a rally in crypto-related stocks. BTC is up around 160% in 2023, changing hands at $44.9K at the time of writing. Cryptocurrency expert Brandon Zemp said: “With the current price now sitting above $40,000 and almost 3 years since the last bull run, Bitcoin is in a prime position to appreciate, and I think Many institutional investors will be buying their stakes in the Bitcoin network relatively quickly," he said, citing possible spot ETF approval in early January and the halving event in April. Note that the price of Bitcoin (BTC-USD) has hit records during the last three halvings, which occur every four years. This is not to say that coins are risk-free. One of BTC’s biggest, looming headwinds is an unfriendly regulatory environment, but this didn’t seem to bother the coin last year. Seeking Alpha analyst Jason Appel said in his Bitcoin outlook: “While the cryptocurrency space continues to trudge through an unfriendly regulatory landscape, the U.S. Securities and Exchange Commission (SEC) is missing Terra/LUNA, Celsius, Voyager and, of course, FTX has since made several 'post-facto' moves, but BTC has been undeterred, rallying strongly this year. James Foord, head of the 'Pragmatic Investor' investment group, is bullish on Bitcoin (BTC-USD ), although he believes investors may have already priced in the expected price appreciation from the upcoming halving event. In mid-December, he wrote: “With everyone anticipating a rally to the halving, the market may not perform as expected , the final Bitcoin price target may be lower than expected. Foord listed another risk: “Because Bitcoin is so closely tied to liquidity, I don’t think it will be immune to a deflationary recession, which has become increasingly likely over the past few months. Possibly, and likely to be hit in 2024.

Will Bitcoin Continue to Soar in 2024?

2024 could be the year Bitcoin (BTC-USD) reaches all-time highs, thanks to two key catalysts: potential spot ETF approval and the halving event. With just a week left until the earliest deadline for the U.S. Securities and Exchange Commission (SEC) to approve a spot Bitcoin (BTC-USD) ETF, investors appear to be jumping on the FOMO (fear of missing out) train. To be sure, the most watched cryptocurrency (BTC-USD) topped $45 early Tuesday for the first time in nearly two years, spurring a rally in crypto-related stocks. BTC is up around 160% in 2023, changing hands at $44.9K at the time of writing. Cryptocurrency expert Brandon Zemp said: “With the current price now sitting above $40,000 and almost 3 years since the last bull run, Bitcoin is in a prime position to appreciate, and I think Many institutional investors will be buying their stakes in the Bitcoin network relatively quickly," he said, citing possible spot ETF approval in early January and the halving event in April. Note that the price of Bitcoin (BTC-USD) has hit records during the last three halvings, which occur every four years. This is not to say that coins are risk-free. One of BTC’s biggest, looming headwinds is an unfriendly regulatory environment, but this didn’t seem to bother the coin last year. Seeking Alpha analyst Jason Appel said in his Bitcoin outlook: “While the cryptocurrency space continues to trudge through an unfriendly regulatory landscape, the U.S. Securities and Exchange Commission (SEC) is missing Terra/LUNA, Celsius, Voyager and, of course, FTX has since made several 'post-facto' moves, but BTC has been undeterred, rallying strongly this year. James Foord, head of the 'Pragmatic Investor' investment group, is bullish on Bitcoin (BTC-USD ), although he believes investors may have already priced in the expected price appreciation from the upcoming halving event. In mid-December, he wrote: “With everyone anticipating a rally to the halving, the market may not perform as expected , the final Bitcoin price target may be lower than expected. Foord listed another risk: “Because Bitcoin is so closely tied to liquidity, I don’t think it will be immune to a deflationary recession, which has become increasingly likely over the past few months. Possibly, and likely to be hit in 2024.
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Changpeng Zhao, the richest man in cryptocurrency: He earned 178.2 billion this year, and his net worth was as high as 691.5 billion at his peak!According to a report from Qianzhan.com on December 27, the Bloomberg Billionaires Index was recently updated. After Bitcoin crashed in 2022, it rebounded by a full 160% in 2023. This has caused many rich people in the cryptocurrency industry to lose money this year. Made a lot of money. According to statistics, Changpeng Zhao, the founder of the cryptocurrency exchange Binance, has topped the list of the richest people in the cryptocurrency industry whose net worth is expected to soar in 2023. His worth is currently estimated to exceed US$37 billion (approximately 263.75 billion yuan at the current exchange rate). . Since this year, Changpeng Zhao’s wealth has increased by US$25 billion (approximately 178.2 billion yuan). This part of the wealth mainly comes from his controlling stake in Binance. In addition, Changpeng Zhao actually holds some Bitcoin and BNB, but these assets will not be calculated into the Bloomberg Billionaires Index. Although Zhao Changpeng's net worth has skyrocketed this year, compared with his peak net worth of nearly US$97 billion (approximately 691.5 billion yuan) in early 2022, Zhao Changpeng's net worth has been cut in half in the past two years. It is worth mentioning that in November this year, Changpeng Zhao appeared in the federal court in Seattle and admitted to money laundering charges. At that time, he paid a fine of US$50 million. After pleading guilty, Zhao Changpeng paid another $175 million in bail, and the U.S. federal government allowed Zhao Changpeng to return to the United Arab Emirates while on bail. Not only that, Changpeng Zhao also reached a settlement with the U.S. Department of Justice, at the cost of a settlement of US$4.366 billion (approximately 31.2 billion yuan). On December 18, the U.S. Commodity Futures Trading Commission announced a $2.85 billion penalty against Binance and founder Changpeng Zhao. In various circumstances, Changpeng Zhao paid a total of US$7.216 billion (approximately 51.5 billion yuan) in order to allow Binance to continue operating in the United States. In fact, the US government has been looking for Zhao Changpeng for many years, but it was the US that found him. Since Changpeng Zhao currently has dual citizenship of the United Arab Emirates and Canada, and the United Arab Emirates and the United States do not have an extradition treaty, and Changpeng Zhao still considers himself a billionaire, if he chooses to return to the United Arab Emirates, there is actually no way for the U.S. government to ensure that he can return to the United Arab Emirates. America's. Zhao Changpeng knew that he would not be in danger if he hid in the United Arab Emirates, but why did he still have to return to the United States to plead guilty and pay the fine?According to Ifeng.com Financial Report, some industry insiders said in an interview with Ifeng.com's "Eye of the Storm" that Changpeng Zhao may want to use this method to express his and Binance's sincerity to the U.S. government, that is, to assume corresponding responsibilities and follow-up. Compliance measures will be improved. But the reality is that an invisible net is quietly tightening, and Zhao Changpeng, who is currently in a gray area, has no way out. In 2017, my country issued the "Announcement on Preventing Token Issuance Financing Risks", requiring relevant trading platforms to close immediately. After this, Zhao Changpeng immediately left Shanghai and ran to Japan. But what Changpeng Zhao didn't expect was that the Japanese government quickly issued a warning to Changpeng Zhao on the grounds that Binance was not registered in Japan, and Changpeng Zhao was issued an expulsion order from Japan. Later, Changpeng Zhao targeted Malta because Malta is very friendly to cryptocurrency. In 2016, Malta Prime Minister Muscat also proposed to build Europe into a virtual currency center at a regular meeting of the European Commission, and Muscat also claimed to welcome Binance to come. malta. Therefore, Changpeng Zhao announced in March 2018 that he would set up his headquarters in Malta. But what is very intriguing is that in 2020, Malta said that Binance was not under its jurisdiction. So, Zhao Changpeng left Malta again. Later, Changpeng Zhao went to the UK and began eating and drinking with British government officials and legislators, trying to persuade them to accept Binance. However, the British did not buy it, and the British Financial Conduct Authority also made it clear that Binance did not have a headquarters and its operating area was too wide to regulate. After hitting a wall at every turn, Changpeng Zhao directly stated that Binance would no longer have a headquarters office. No matter where he sat, it would be Binance's office. In this way, Zhao Changpeng seemed to have disappeared from the world. Even the "world police" the United States could not find Zhao Changpeng. Why is Zhao Changpeng now willing to show up in the United States and pay the fine? This is because this big man in the currency circle finally understood a truth, or in other words, he had been avoiding a problem before, that is, he did not have a legal identity to engage in Binance. The United States may be able to give him such an opportunity.IPG chief economist Bowen said that due to the uncertainty of regulatory policies, the development of the cryptocurrency industry will face more challenges. From a long-term perspective, compliance development is still a major trend. However, will the cunning United States really let Zhao Changpeng get what he wants?

Changpeng Zhao, the richest man in cryptocurrency: He earned 178.2 billion this year, and his net worth was as high as 691.5 billion at his peak!

According to a report from Qianzhan.com on December 27, the Bloomberg Billionaires Index was recently updated. After Bitcoin crashed in 2022, it rebounded by a full 160% in 2023. This has caused many rich people in the cryptocurrency industry to lose money this year. Made a lot of money. According to statistics, Changpeng Zhao, the founder of the cryptocurrency exchange Binance, has topped the list of the richest people in the cryptocurrency industry whose net worth is expected to soar in 2023. His worth is currently estimated to exceed US$37 billion (approximately 263.75 billion yuan at the current exchange rate). . Since this year, Changpeng Zhao’s wealth has increased by US$25 billion (approximately 178.2 billion yuan). This part of the wealth mainly comes from his controlling stake in Binance. In addition, Changpeng Zhao actually holds some Bitcoin and BNB, but these assets will not be calculated into the Bloomberg Billionaires Index. Although Zhao Changpeng's net worth has skyrocketed this year, compared with his peak net worth of nearly US$97 billion (approximately 691.5 billion yuan) in early 2022, Zhao Changpeng's net worth has been cut in half in the past two years. It is worth mentioning that in November this year, Changpeng Zhao appeared in the federal court in Seattle and admitted to money laundering charges. At that time, he paid a fine of US$50 million. After pleading guilty, Zhao Changpeng paid another $175 million in bail, and the U.S. federal government allowed Zhao Changpeng to return to the United Arab Emirates while on bail. Not only that, Changpeng Zhao also reached a settlement with the U.S. Department of Justice, at the cost of a settlement of US$4.366 billion (approximately 31.2 billion yuan). On December 18, the U.S. Commodity Futures Trading Commission announced a $2.85 billion penalty against Binance and founder Changpeng Zhao. In various circumstances, Changpeng Zhao paid a total of US$7.216 billion (approximately 51.5 billion yuan) in order to allow Binance to continue operating in the United States. In fact, the US government has been looking for Zhao Changpeng for many years, but it was the US that found him. Since Changpeng Zhao currently has dual citizenship of the United Arab Emirates and Canada, and the United Arab Emirates and the United States do not have an extradition treaty, and Changpeng Zhao still considers himself a billionaire, if he chooses to return to the United Arab Emirates, there is actually no way for the U.S. government to ensure that he can return to the United Arab Emirates. America's. Zhao Changpeng knew that he would not be in danger if he hid in the United Arab Emirates, but why did he still have to return to the United States to plead guilty and pay the fine?According to Ifeng.com Financial Report, some industry insiders said in an interview with Ifeng.com's "Eye of the Storm" that Changpeng Zhao may want to use this method to express his and Binance's sincerity to the U.S. government, that is, to assume corresponding responsibilities and follow-up. Compliance measures will be improved. But the reality is that an invisible net is quietly tightening, and Zhao Changpeng, who is currently in a gray area, has no way out. In 2017, my country issued the "Announcement on Preventing Token Issuance Financing Risks", requiring relevant trading platforms to close immediately. After this, Zhao Changpeng immediately left Shanghai and ran to Japan. But what Changpeng Zhao didn't expect was that the Japanese government quickly issued a warning to Changpeng Zhao on the grounds that Binance was not registered in Japan, and Changpeng Zhao was issued an expulsion order from Japan. Later, Changpeng Zhao targeted Malta because Malta is very friendly to cryptocurrency. In 2016, Malta Prime Minister Muscat also proposed to build Europe into a virtual currency center at a regular meeting of the European Commission, and Muscat also claimed to welcome Binance to come. malta. Therefore, Changpeng Zhao announced in March 2018 that he would set up his headquarters in Malta. But what is very intriguing is that in 2020, Malta said that Binance was not under its jurisdiction. So, Zhao Changpeng left Malta again. Later, Changpeng Zhao went to the UK and began eating and drinking with British government officials and legislators, trying to persuade them to accept Binance. However, the British did not buy it, and the British Financial Conduct Authority also made it clear that Binance did not have a headquarters and its operating area was too wide to regulate. After hitting a wall at every turn, Changpeng Zhao directly stated that Binance would no longer have a headquarters office. No matter where he sat, it would be Binance's office. In this way, Zhao Changpeng seemed to have disappeared from the world. Even the "world police" the United States could not find Zhao Changpeng. Why is Zhao Changpeng now willing to show up in the United States and pay the fine? This is because this big man in the currency circle finally understood a truth, or in other words, he had been avoiding a problem before, that is, he did not have a legal identity to engage in Binance. The United States may be able to give him such an opportunity.IPG chief economist Bowen said that due to the uncertainty of regulatory policies, the development of the cryptocurrency industry will face more challenges. From a long-term perspective, compliance development is still a major trend. However, will the cunning United States really let Zhao Changpeng get what he wants?
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"Virtual richest man" Zhao Changpeng; 44-year-old with a net worth of 573.3 billion, far surpassing Li Ka-shingRecently, a rich list caused a sensation. A man named Zhao Changpeng became the richest man in China by virtue of his investment in virtual currency, even surpassing the world's well-known business giants such as Jack Ma, Wang Jianlin, Ma Huateng, etc. His net worth is as high as 573.3 billion yuan, which is 366.5 billion more than Li Ka-shing. Who is Zhao Changpeng? He is the founder and CEO of Binance, the world's largest cryptocurrency exchange. How did he do that? How did he use virtual currency to create wealth? What are the unknown secrets and risks in his story? Zhao Changpeng was born in 1977 in a Gaozhi family in Jiangsu. His father was a university professor and provided him with a good educational environment. He immigrated to Canada with his parents when he was a teenager and began a life of working. He studied hard and was admitted to the computer science major at the University of Montreal, which laid the foundation for his future. After graduation, he worked at the Tokyo Stock Exchange and Bloomberg Exchange, accumulating experience in finance and technology. In 2005, he returned to China to start a business and chose Shanghai, a prosperous city, to develop a high-speed and high-frequency trading system to provide services to securities companies. In 2013, his life took a turn. He first heard about the concept of Bitcoin during a poker game and was attracted by its decentralized features. He decided to take a big gamble and invest all his assets in the virtual currency market. He even sold his $1.1 million house in Shanghai and bought all of his money in Bitcoin. His gambling behavior earned him huge returns. In 2017, he spotted the development trend of digital currencies and founded the Binance exchange to provide trading services for cryptocurrencies. He also issued his own coin called Binance Coin (BNB). Binance exchange has grown at an alarming rate. Within half a year, it surpassed Deutsche Bank’s profits and became the world’s largest cryptocurrency exchange. Four years later, his net worth soared and he became the richest man in China. As a leader in virtual currency, Changpeng Zhao’s status and wealth are also unstable. He himself is unwilling to admit that he is the "richest man in China". He believes that this title is groundless and untrue.But it is undeniable that Binance established by Changpeng Zhao has had a great impact on the entire virtual currency market and has also played a leading role in the future virtual currency market.

"Virtual richest man" Zhao Changpeng; 44-year-old with a net worth of 573.3 billion, far surpassing Li Ka-shing

Recently, a rich list caused a sensation. A man named Zhao Changpeng became the richest man in China by virtue of his investment in virtual currency, even surpassing the world's well-known business giants such as Jack Ma, Wang Jianlin, Ma Huateng, etc. His net worth is as high as 573.3 billion yuan, which is 366.5 billion more than Li Ka-shing. Who is Zhao Changpeng? He is the founder and CEO of Binance, the world's largest cryptocurrency exchange. How did he do that? How did he use virtual currency to create wealth? What are the unknown secrets and risks in his story? Zhao Changpeng was born in 1977 in a Gaozhi family in Jiangsu. His father was a university professor and provided him with a good educational environment. He immigrated to Canada with his parents when he was a teenager and began a life of working. He studied hard and was admitted to the computer science major at the University of Montreal, which laid the foundation for his future. After graduation, he worked at the Tokyo Stock Exchange and Bloomberg Exchange, accumulating experience in finance and technology. In 2005, he returned to China to start a business and chose Shanghai, a prosperous city, to develop a high-speed and high-frequency trading system to provide services to securities companies. In 2013, his life took a turn. He first heard about the concept of Bitcoin during a poker game and was attracted by its decentralized features. He decided to take a big gamble and invest all his assets in the virtual currency market. He even sold his $1.1 million house in Shanghai and bought all of his money in Bitcoin. His gambling behavior earned him huge returns. In 2017, he spotted the development trend of digital currencies and founded the Binance exchange to provide trading services for cryptocurrencies. He also issued his own coin called Binance Coin (BNB). Binance exchange has grown at an alarming rate. Within half a year, it surpassed Deutsche Bank’s profits and became the world’s largest cryptocurrency exchange. Four years later, his net worth soared and he became the richest man in China. As a leader in virtual currency, Changpeng Zhao’s status and wealth are also unstable. He himself is unwilling to admit that he is the "richest man in China". He believes that this title is groundless and untrue.But it is undeniable that Binance established by Changpeng Zhao has had a great impact on the entire virtual currency market and has also played a leading role in the future virtual currency market.
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10 Predictions for Cryptocurrency in 20241. Bitcoin will trade above $80,000, setting a new all-time high This will be driven by two important factors: the expected launch of a spot Bitcoin ETF in early 2024 and the halving of new Bitcoin supply around the end of April. 2. Spot Bitcoin ETF will be approved and overall will become the most successful ETF issuance in history. In the next five years, I estimate that spot Bitcoin ETF may occupy US$7.2 billion of the US ETF market, accounting for a market value of US$7.2 trillion. 1%. 3. Coinbase revenue will double and exceed Wall Street expectations by at least 10x Coinbase’s trading volume has historically surged during bull markets, and I expect this trend to repeat itself. In addition, they have launched a series of new products that are getting good response. 4. More funds will be settled through stablecoins than using Visa. Stablecoins are one of the “killer applications” of cryptocurrency. They have grown from zero to a $137 billion market in the past four years. I think it will be is another important year of growth. 5. JPMorgan Chase will tokenize the fund and put it on the chain, because Wall Street is preparing to tokenize real assets. The launch of tokenized funds will allow them to take advantage of the efficiency of on-chain assets and enter a rapidly growing market. 6. Ethereum revenue will more than triple to $5 billion as users flock to crypto apps In 2023, users paid approximately $2.3 billion to use Ethereum. I think this number will at least double in 2024, making Ethereum one of the fastest-growing large-scale technology platforms in the world. 7. Taylor Swift will launch a non-fungible token (NFT) to connect with fans. One possibility is that Swift will become the most played artist on Spotify in 2023 with more than 26 billion streams. Spotify is experimenting with token-gated playlists that require listeners to own specific NFTs in order to listen. 8. AI assistants will start using cryptocurrencies for online payments, confirming cryptocurrencies as the “native currency of the Internet.” I believe AI assistants will prefer digital native currencies like Bitcoin or stablecoins. We think this will start happening in 2024. 9. More than $100 million will be mortgaged in prediction markets, and prediction markets will become the new “killer application” of cryptocurrency. I think decentralized prediction markets will become the mainstay of event-based and more traditional sports-related betting. place. 10. A major upgrade to Ethereum will reduce the average transaction cost to less than $0.01. EIP-4844 may reduce the cost of using Ethereum by more than 90%. We believe this upgrade will pave the way for the first truly mainstream applications in the cryptocurrency space. These are my predictions for 2024.

10 Predictions for Cryptocurrency in 2024

1. Bitcoin will trade above $80,000, setting a new all-time high This will be driven by two important factors: the expected launch of a spot Bitcoin ETF in early 2024 and the halving of new Bitcoin supply around the end of April. 2. Spot Bitcoin ETF will be approved and overall will become the most successful ETF issuance in history. In the next five years, I estimate that spot Bitcoin ETF may occupy US$7.2 billion of the US ETF market, accounting for a market value of US$7.2 trillion. 1%. 3. Coinbase revenue will double and exceed Wall Street expectations by at least 10x Coinbase’s trading volume has historically surged during bull markets, and I expect this trend to repeat itself. In addition, they have launched a series of new products that are getting good response. 4. More funds will be settled through stablecoins than using Visa. Stablecoins are one of the “killer applications” of cryptocurrency. They have grown from zero to a $137 billion market in the past four years. I think it will be is another important year of growth. 5. JPMorgan Chase will tokenize the fund and put it on the chain, because Wall Street is preparing to tokenize real assets. The launch of tokenized funds will allow them to take advantage of the efficiency of on-chain assets and enter a rapidly growing market. 6. Ethereum revenue will more than triple to $5 billion as users flock to crypto apps In 2023, users paid approximately $2.3 billion to use Ethereum. I think this number will at least double in 2024, making Ethereum one of the fastest-growing large-scale technology platforms in the world. 7. Taylor Swift will launch a non-fungible token (NFT) to connect with fans. One possibility is that Swift will become the most played artist on Spotify in 2023 with more than 26 billion streams. Spotify is experimenting with token-gated playlists that require listeners to own specific NFTs in order to listen. 8. AI assistants will start using cryptocurrencies for online payments, confirming cryptocurrencies as the “native currency of the Internet.” I believe AI assistants will prefer digital native currencies like Bitcoin or stablecoins. We think this will start happening in 2024. 9. More than $100 million will be mortgaged in prediction markets, and prediction markets will become the new “killer application” of cryptocurrency. I think decentralized prediction markets will become the mainstay of event-based and more traditional sports-related betting. place. 10. A major upgrade to Ethereum will reduce the average transaction cost to less than $0.01. EIP-4844 may reduce the cost of using Ethereum by more than 90%. We believe this upgrade will pave the way for the first truly mainstream applications in the cryptocurrency space. These are my predictions for 2024.
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Musk blasts Disney, Kraken Lianchuang posts support, saying "We need him"Elon Musk, the biggest backer of Dogecoin and CEO of X, Tesla, and SpaceX, is once again at the center of controversy as the entrepreneur spoke at the DealBook Summit hosted by The New York Times Made some remarks. In the interview, Jesse Powell, co-founder and former CEO of crypto exchange Kraken, shared his thoughts, specifically talking about Musk’s approach to running the social media platform. X (Twitter) was once a listed company in the United States. It was later acquired by Musk for billions of dollars as an attempt to "save free speech." Speaking at the DealBook Summit, the entrepreneur claimed that the platform was "conquered" by the US government. In addition, Musk said that this so-called control violates the U.S. Constitution and the First Amendment: "All Twitter is basically a puppet of the government, and this level is ridiculous. In terms of the degree of government control over all Twitter, This appears to be a serious violation of the First Amendment." The Kraken co-founder expressed support for Musk as the social media platform's current CEO has been implementing policy changes to "protect free speech." Powell said via his Also agree with Powell and his defense of Musk. Some people acknowledge that Musk does play a role in "protecting freedom," but others point out that individuals and entities should be prevented from concentrating power. In the same interview, Musk also discussed the advertising issues facing the platform. Some big-name companies, such as Apple, IBM and Disney, decided to halt their marketing campaigns on X after their ads were spotted appearing next to "pro-Nazi" posts by media watchdog group Media Matters. Musk said "fuck you" directly to Disney CEO Bob Iger. After the incident, Disney’s streaming service (Disney+) recorded an increase in the number of people leaving the service, which caused an uproar among Musk’s followers.So what do you readers think of this?

Musk blasts Disney, Kraken Lianchuang posts support, saying "We need him"

Elon Musk, the biggest backer of Dogecoin and CEO of X, Tesla, and SpaceX, is once again at the center of controversy as the entrepreneur spoke at the DealBook Summit hosted by The New York Times Made some remarks. In the interview, Jesse Powell, co-founder and former CEO of crypto exchange Kraken, shared his thoughts, specifically talking about Musk’s approach to running the social media platform. X (Twitter) was once a listed company in the United States. It was later acquired by Musk for billions of dollars as an attempt to "save free speech." Speaking at the DealBook Summit, the entrepreneur claimed that the platform was "conquered" by the US government. In addition, Musk said that this so-called control violates the U.S. Constitution and the First Amendment: "All Twitter is basically a puppet of the government, and this level is ridiculous. In terms of the degree of government control over all Twitter, This appears to be a serious violation of the First Amendment." The Kraken co-founder expressed support for Musk as the social media platform's current CEO has been implementing policy changes to "protect free speech." Powell said via his Also agree with Powell and his defense of Musk. Some people acknowledge that Musk does play a role in "protecting freedom," but others point out that individuals and entities should be prevented from concentrating power. In the same interview, Musk also discussed the advertising issues facing the platform. Some big-name companies, such as Apple, IBM and Disney, decided to halt their marketing campaigns on X after their ads were spotted appearing next to "pro-Nazi" posts by media watchdog group Media Matters. Musk said "fuck you" directly to Disney CEO Bob Iger. After the incident, Disney’s streaming service (Disney+) recorded an increase in the number of people leaving the service, which caused an uproar among Musk’s followers.So what do you readers think of this?
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The good citizen USDT Tether in the cryptocurrency circle took the initiative to freeze 225 million this timeAccording to Wu Blockchain news: Tether, the issuer of USDT Tether, actively and voluntarily froze approximately 225 million USDT after cooperating with OKX and DOJ to investigate, and these tokens were stored in an international human trafficking ring in Southeast Asia. In self-hosted wallets, this group is responsible for a global butchery scam. This is the largest USDT freeze in history. Fighting against illegal crimes is everyone’s responsibility. So what’s even more eye-catching is that this is an “active and voluntary” behavior by USDT. The fewer words, the bigger the story. On the one hand, the company's asset reserves are opaque, and on the other hand, as the issuer, it can remotely freeze the USDT you put in your wallet. It is no exaggeration to say that USDT, disguised as a virtual currency, is completely anti-cryptocurrency. What is anti-cryptocurrency? Let’s first think about why we want to own a virtual currency like BTC? In addition to long-term investments starting from $100,000 and waiting for appreciation, a very important reason why everyone likes Bitcoin is that cryptocurrencies like BTC do not require trusting any third party. As long as you have your private key, you can Own your digital assets. As long as you have your private key, you will be able to transfer your digital assets without relying on a third party at all. This is a very important reason why virtual currencies exist. Why do we need virtual currency? In a virtual currency like USDT, such complete ownership does not exist. Even though it seems that you can "freely" control your USDT in daily use, unfortunately, the final hand of God is still in the commercial company Tether, the USDT issuer. According to market data analysis, USDT’s market share is as high as 63.36%, which can be said to be far ahead. As a global company, Tether has established an on-chain blacklist mechanism to fulfill its anti-money laundering compliance obligations and has established close and friendly cooperative relations with law enforcement agencies around the world. For activities such as money laundering and terrorist financing, it will restrict relevant addresses. The principle of "freezing" is that USDT, as a smart contract programming product, can restrict EOA's management rights to the token through code. When an address is "AddedBlackList" by the centralized TEDA company, it will no longer be able to transfer the address. USDT tokens in .As of March 2023, Tether has blacklisted 846 addresses in the Ethereum network, and more than 449 million USDT has been frozen. These remote freezes may come from the hands of judicial authorities in any country or region around the world, but in theory they can also come from centralized "active and voluntary" evil needs. Therefore, for friends who truly recognize the value of virtual currencies and who really want to control their own virtual currency assets, things like USDT and Tether can be used as an intermediary, but it is really not recommended to keep them.

The good citizen USDT Tether in the cryptocurrency circle took the initiative to freeze 225 million this time

According to Wu Blockchain news: Tether, the issuer of USDT Tether, actively and voluntarily froze approximately 225 million USDT after cooperating with OKX and DOJ to investigate, and these tokens were stored in an international human trafficking ring in Southeast Asia. In self-hosted wallets, this group is responsible for a global butchery scam. This is the largest USDT freeze in history. Fighting against illegal crimes is everyone’s responsibility. So what’s even more eye-catching is that this is an “active and voluntary” behavior by USDT. The fewer words, the bigger the story. On the one hand, the company's asset reserves are opaque, and on the other hand, as the issuer, it can remotely freeze the USDT you put in your wallet. It is no exaggeration to say that USDT, disguised as a virtual currency, is completely anti-cryptocurrency. What is anti-cryptocurrency? Let’s first think about why we want to own a virtual currency like BTC? In addition to long-term investments starting from $100,000 and waiting for appreciation, a very important reason why everyone likes Bitcoin is that cryptocurrencies like BTC do not require trusting any third party. As long as you have your private key, you can Own your digital assets. As long as you have your private key, you will be able to transfer your digital assets without relying on a third party at all. This is a very important reason why virtual currencies exist. Why do we need virtual currency? In a virtual currency like USDT, such complete ownership does not exist. Even though it seems that you can "freely" control your USDT in daily use, unfortunately, the final hand of God is still in the commercial company Tether, the USDT issuer. According to market data analysis, USDT’s market share is as high as 63.36%, which can be said to be far ahead. As a global company, Tether has established an on-chain blacklist mechanism to fulfill its anti-money laundering compliance obligations and has established close and friendly cooperative relations with law enforcement agencies around the world. For activities such as money laundering and terrorist financing, it will restrict relevant addresses. The principle of "freezing" is that USDT, as a smart contract programming product, can restrict EOA's management rights to the token through code. When an address is "AddedBlackList" by the centralized TEDA company, it will no longer be able to transfer the address. USDT tokens in .As of March 2023, Tether has blacklisted 846 addresses in the Ethereum network, and more than 449 million USDT has been frozen. These remote freezes may come from the hands of judicial authorities in any country or region around the world, but in theory they can also come from centralized "active and voluntary" evil needs. Therefore, for friends who truly recognize the value of virtual currencies and who really want to control their own virtual currency assets, things like USDT and Tether can be used as an intermediary, but it is really not recommended to keep them.
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Bali Couple's StoryGao Fushuai and Bai Fumei, whose surname is Li, were born in 1998 in Guilin, Guangxi. They have been doing business since childhood and often travel to Southeast Asia and other areas. He is a person in the currency circle, very rich, drives a Rolls-Royce, and made a lot of money by doing trading before traveling with his girlfriend. When he was killed, he still had 200 million virtual currencies in his mobile phone. The girl’s surname is Cheng, a post-00s generation, born in Jiangxi. She was a rich second generation who was studying in Singapore at the time. She had not yet graduated. She had a bachelor's degree and majored in broadcasting and hosting. She had a very pleasant appearance and temperament. They were all on vacation in Bali at the time of the incident. Bali has always been the offline center of U.S., and many web3 entrepreneurs act as digital nomads here. The first reason for the murder: Li was a market maker and defrauded a lot of money, so he was retaliated against. The second type: being robbed. Both Li and Cheng showed off their wealth on social media, and both of them were wearing gold and silver at the time. Such a thing also happened in Bali. No matter what, two young lives have withered away, and no matter how much I say, they will never come back. Finally, I would like to give you a message: if you keep a low profile, you will become more stable each time; if you do things with a high profile, you will become better and better each time.

Bali Couple's Story

Gao Fushuai and Bai Fumei, whose surname is Li, were born in 1998 in Guilin, Guangxi. They have been doing business since childhood and often travel to Southeast Asia and other areas. He is a person in the currency circle, very rich, drives a Rolls-Royce, and made a lot of money by doing trading before traveling with his girlfriend. When he was killed, he still had 200 million virtual currencies in his mobile phone. The girl’s surname is Cheng, a post-00s generation, born in Jiangxi. She was a rich second generation who was studying in Singapore at the time. She had not yet graduated. She had a bachelor's degree and majored in broadcasting and hosting. She had a very pleasant appearance and temperament. They were all on vacation in Bali at the time of the incident. Bali has always been the offline center of U.S., and many web3 entrepreneurs act as digital nomads here. The first reason for the murder: Li was a market maker and defrauded a lot of money, so he was retaliated against. The second type: being robbed. Both Li and Cheng showed off their wealth on social media, and both of them were wearing gold and silver at the time. Such a thing also happened in Bali. No matter what, two young lives have withered away, and no matter how much I say, they will never come back. Finally, I would like to give you a message: if you keep a low profile, you will become more stable each time; if you do things with a high profile, you will become better and better each time.
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The total market value of cryptocurrencies has risen to $1.3 trillion. Is the spring of altcoins coming?Mainstream Altcoins Perform Strongly Some mainstream altcoins have experienced staggering gains. Ripple's XRP, for example, surged nearly 10% in a day to become the fourth-largest cryptocurrency by market cap, surpassing Binance's BNB after Ripple announced it had secured keys to operate and provide services in Georgia and Dubai license. Other well-known altcoins, such as Cardano’s ADA, Avalanche’s AVAX, Dogecoin (DOGE), Chainlink’s token (LINK) and UniSwap’s token (UNI) also saw positive trends, with daily gains reaching 5% to 6%. . NFT marketplace Blur’s BLUR token also rose 32% in just one day, doubling its gains in the past month, after the platform previously announced plans to airdrop 300 million tokens on November 20. According to Blockchaincenter, 57% of the top 50 cryptocurrencies have outperformed Bitcoin in the past 30 days, and 33% have outperformed Bitcoin in the past 90 days, which is below the 75% threshold for altcoin season, but generally means At the beginning of this stage. Investment advisory firm ByteTree also believes that “altcoin season” may be coming. They adjusted the model portfolio to reduce the weight of Bitcoin and add altcoins such as NEAR Token (NEAR), Stacks (STX), LINK, and XRP. Global investment management firm VanEck said in a recent research report that high-quality altcoins will "come to the fore" by 2024. VanEck gave a prediction for the price of Solana. The report simulated such a scenario: by 2030 , the SOL price will reach $3,211 in a bull market scenario, an increase of 80 times from the current price. Positive macro factors Investors’ shift to risky assets is inseparable from changes in the macro environment. The Federal Reserve suspended interest rate hikes, the price of safe-haven gold fell to its lowest level in three weeks, and West Texas Intermediate crude oil (WTI) plummeted 4 % to its lowest level since July. Investors turned to U.S. Treasuries for refuge, sending the 10-year Treasury yield down to 4.55%, its lowest level in six weeks. And the S&P 500 has hit 4,383, its highest level in nearly seven weeks, beating expectations amid a global economic slowdown. In short, as the market continues to rise, the spring of altcoins has arrived

The total market value of cryptocurrencies has risen to $1.3 trillion. Is the spring of altcoins coming?

Mainstream Altcoins Perform Strongly Some mainstream altcoins have experienced staggering gains. Ripple's XRP, for example, surged nearly 10% in a day to become the fourth-largest cryptocurrency by market cap, surpassing Binance's BNB after Ripple announced it had secured keys to operate and provide services in Georgia and Dubai license. Other well-known altcoins, such as Cardano’s ADA, Avalanche’s AVAX, Dogecoin (DOGE), Chainlink’s token (LINK) and UniSwap’s token (UNI) also saw positive trends, with daily gains reaching 5% to 6%. . NFT marketplace Blur’s BLUR token also rose 32% in just one day, doubling its gains in the past month, after the platform previously announced plans to airdrop 300 million tokens on November 20. According to Blockchaincenter, 57% of the top 50 cryptocurrencies have outperformed Bitcoin in the past 30 days, and 33% have outperformed Bitcoin in the past 90 days, which is below the 75% threshold for altcoin season, but generally means At the beginning of this stage. Investment advisory firm ByteTree also believes that “altcoin season” may be coming. They adjusted the model portfolio to reduce the weight of Bitcoin and add altcoins such as NEAR Token (NEAR), Stacks (STX), LINK, and XRP. Global investment management firm VanEck said in a recent research report that high-quality altcoins will "come to the fore" by 2024. VanEck gave a prediction for the price of Solana. The report simulated such a scenario: by 2030 , the SOL price will reach $3,211 in a bull market scenario, an increase of 80 times from the current price. Positive macro factors Investors’ shift to risky assets is inseparable from changes in the macro environment. The Federal Reserve suspended interest rate hikes, the price of safe-haven gold fell to its lowest level in three weeks, and West Texas Intermediate crude oil (WTI) plummeted 4 % to its lowest level since July. Investors turned to U.S. Treasuries for refuge, sending the 10-year Treasury yield down to 4.55%, its lowest level in six weeks. And the S&P 500 has hit 4,383, its highest level in nearly seven weeks, beating expectations amid a global economic slowdown. In short, as the market continues to rise, the spring of altcoins has arrived
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Does BNB coin have investment value? What is the future prospect of BNB coin?First of all, the investment value of BNB currency can be reflected from the platform and ecosystem behind it. BNB coin is the native token of Binance exchange, one of the largest cryptocurrency trading platforms in the world. BNB coins can be used to pay transaction fees and enjoy benefits and discounts within the exchange. This use makes BNB coins extremely valuable on the Binance exchange, thus attracting a large number of users to hold and use them. Secondly, the value of BNB coin also lies in its diverse uses in the ecosystem. As the Binance exchange grows, the uses for BNB coins continue to expand. Currently, BNB coins can be used to invest in initial projects (IEO), subscribe to membership services, participate in on-chain voting, etc. This diverse use provides BNB coin holders with more choices and opportunities, increasing their investment value. Regarding the future prospects of BNB coin, there are several factors to consider. The first is the overall development of the cryptocurrency market. As blockchain technology gradually matures and is widely used, digital currencies will become more and more popular. Binance exchange, as the world’s leading trading platform, will continue to benefit from this trend and drive the demand and value of BNB coins upward. Secondly, Binance Exchange is actively promoting the decentralized development of BNB coins. Decentralized exchanges (DEX) have become a hot topic in the cryptocurrency field, and the development of BNB coin has followed this trend. The launch of Binance Smart Chain gives BNB currency more application space in the field of decentralized finance (DeFi) and expands its future prospects. To sum up, BNB currency has great investment value and has promising future prospects. As the native token of the Binance exchange, it has a wide range of uses and strong ecosystem support. As the cryptocurrency market develops and Binance exchange implements innovations, BNB Coin is expected to continue to show strong growth momentum. At the same time, its active layout in decentralized development also provides more opportunities for the future growth of BNB currency. However, investors should carefully consider investment decisions based on their own risk tolerance and investment objectives.

Does BNB coin have investment value? What is the future prospect of BNB coin?

First of all, the investment value of BNB currency can be reflected from the platform and ecosystem behind it. BNB coin is the native token of Binance exchange, one of the largest cryptocurrency trading platforms in the world. BNB coins can be used to pay transaction fees and enjoy benefits and discounts within the exchange. This use makes BNB coins extremely valuable on the Binance exchange, thus attracting a large number of users to hold and use them. Secondly, the value of BNB coin also lies in its diverse uses in the ecosystem. As the Binance exchange grows, the uses for BNB coins continue to expand. Currently, BNB coins can be used to invest in initial projects (IEO), subscribe to membership services, participate in on-chain voting, etc. This diverse use provides BNB coin holders with more choices and opportunities, increasing their investment value. Regarding the future prospects of BNB coin, there are several factors to consider. The first is the overall development of the cryptocurrency market. As blockchain technology gradually matures and is widely used, digital currencies will become more and more popular. Binance exchange, as the world’s leading trading platform, will continue to benefit from this trend and drive the demand and value of BNB coins upward. Secondly, Binance Exchange is actively promoting the decentralized development of BNB coins. Decentralized exchanges (DEX) have become a hot topic in the cryptocurrency field, and the development of BNB coin has followed this trend. The launch of Binance Smart Chain gives BNB currency more application space in the field of decentralized finance (DeFi) and expands its future prospects. To sum up, BNB currency has great investment value and has promising future prospects. As the native token of the Binance exchange, it has a wide range of uses and strong ecosystem support. As the cryptocurrency market develops and Binance exchange implements innovations, BNB Coin is expected to continue to show strong growth momentum. At the same time, its active layout in decentralized development also provides more opportunities for the future growth of BNB currency. However, investors should carefully consider investment decisions based on their own risk tolerance and investment objectives.
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$615 million buried in trashIn 2013, James Howells, an IT employee living in the UK, sold his laptop on eBay but kept the hard drive where he mined Bitcoin. But while he was cleaning his house, he mistakenly threw the hard drive into a landfill in Newport, South Wales. The hard drive contained approximately 7,500 Bitcoins, the price of which in 2018 had soared to approximately $615 million. Then he wanted to retrieve the hard drive from the garbage dump, but there were already 350,000 tons of garbage in it. He came to the city hall and proposed to donate 25% of his wealth, about 1,400 bitcoins, to the city government for the new crown anti-epidemic fund. In exchange, Howells asked the city to help find the hard drive he had thrown away years ago in a landfill. But the city council rejected his request to rummage through the rubbish pile, saying it was illegal and dangerous. For this reason, he also took the city government to court, but in the end he could not recover the hard drive.

$615 million buried in trash

In 2013, James Howells, an IT employee living in the UK, sold his laptop on eBay but kept the hard drive where he mined Bitcoin. But while he was cleaning his house, he mistakenly threw the hard drive into a landfill in Newport, South Wales. The hard drive contained approximately 7,500 Bitcoins, the price of which in 2018 had soared to approximately $615 million. Then he wanted to retrieve the hard drive from the garbage dump, but there were already 350,000 tons of garbage in it. He came to the city hall and proposed to donate 25% of his wealth, about 1,400 bitcoins, to the city government for the new crown anti-epidemic fund. In exchange, Howells asked the city to help find the hard drive he had thrown away years ago in a landfill. But the city council rejected his request to rummage through the rubbish pile, saying it was illegal and dangerous. For this reason, he also took the city government to court, but in the end he could not recover the hard drive.
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Pizza worth 10,000 BitcoinsIn May 2010, there was a programmer named Rusler in Florida, USA. Out of curiosity, he participated in the Bitcoin game, which is commonly known as "mining". Since there were very few people participating at the time, It is very easy to mine Bitcoin. By May 18, 2010, Rusler already owned more than 10,000 Bitcoins. On this day, he had a sudden idea and decided to try to use the Bitcoins in his hands to buy some real things, so he posted on the Bitcoin forum Made a post. The general content is that he hopes to use his 10,000 Bitcoins in exchange for two large pizzas, whether they are made by himself or bought from a pizza shop, but he will only pay with Bitcoins. If you are interested, please contact him . As a result, for three consecutive days, no one paid attention to his post. Rusler considered whether his asking price was too high and no one was willing to exchange. Then he posted another post, this time more direct, simply asking for 50 Sell ​​10,000 Bitcoins for USD. Finally, a British man got in touch with him and said that the price he asked for $50 was too high. If Rasler agreed, he would exchange a $25 pizza coupon for the 10,000 bitcoins. In the end, Rusler accepted the transaction and exchanged 10,000 Bitcoins for two "Papa John's" pizza coupons. Calculated in this way, the price of 1 Bitcoin at that time should be 0.0025 US dollars, which can be said to be very low value. Now the price of Bitcoin has risen to US$34,000, and the price difference between the two is 13.6 million times. I wonder if Rasler now regrets eating that pizza.

Pizza worth 10,000 Bitcoins

In May 2010, there was a programmer named Rusler in Florida, USA. Out of curiosity, he participated in the Bitcoin game, which is commonly known as "mining". Since there were very few people participating at the time, It is very easy to mine Bitcoin. By May 18, 2010, Rusler already owned more than 10,000 Bitcoins. On this day, he had a sudden idea and decided to try to use the Bitcoins in his hands to buy some real things, so he posted on the Bitcoin forum Made a post. The general content is that he hopes to use his 10,000 Bitcoins in exchange for two large pizzas, whether they are made by himself or bought from a pizza shop, but he will only pay with Bitcoins. If you are interested, please contact him . As a result, for three consecutive days, no one paid attention to his post. Rusler considered whether his asking price was too high and no one was willing to exchange. Then he posted another post, this time more direct, simply asking for 50 Sell ​​10,000 Bitcoins for USD. Finally, a British man got in touch with him and said that the price he asked for $50 was too high. If Rasler agreed, he would exchange a $25 pizza coupon for the 10,000 bitcoins. In the end, Rusler accepted the transaction and exchanged 10,000 Bitcoins for two "Papa John's" pizza coupons. Calculated in this way, the price of 1 Bitcoin at that time should be 0.0025 US dollars, which can be said to be very low value. Now the price of Bitcoin has risen to US$34,000, and the price difference between the two is 13.6 million times. I wonder if Rasler now regrets eating that pizza.
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What is the difference between digital currency and digital RMB?Digital RMB refers to the digital currency issued by the central bank. It is a liability of the central bank, has national credit, and is equivalent to legal currency. Its function is exactly the same as banknotes and coins, but its form is different. One is paper and metal, and the other is a number displayed in the mobile phone software. Digital RMB refers to the digital currency issued by the central bank. It is a liability of the central bank, has national credit, and is equivalent to legal currency. Its function is exactly the same as banknotes and coins, but its form is different. One is paper and metal, and the other is a number displayed in the mobile phone software. Of course, it is also legally compensable. Theoretically, digital currency can be used in any scenario, just like the RMB in your pocket can be traded and bought in any scenario. When digital currency is circulated, it does not require a mobile network signal or the Internet, as long as the mobile phone has power. Use the NFC function of the mobile phone to quickly collect and make payments by contacting two mobile phones. While digital currency is an alternative currency in the form of electronic currency (which can be used for real transactions of goods and services) digital currency has the main characteristics of network data packets. This type of data packet consists of a data code and an identification code. The data code is the content we need to transmit, and the identification code specifies where the data packet comes from, where it is going, and other attributes. Expanded information: 1. Electronic currency and virtual currency are collectively referred to as digital currency. According to the definition of the European Central Bank, virtual currencies are digital representations of value issued by non-central banks, credit institutions, and electronic money institutions that can, under certain circumstances, serve as currency substitutes. 2. Characteristics of digital currency - it has its own open source code (that is, it has legal identity certificate); constant issuance (it will no longer be issued after the equivalent amount is issued); third-party trading platform (with independent electronic ledger); the platform can be used at any time Trading; digital capital has room to appreciate. Although the issuance method of digital currency is still under study, paper currency has been regarded by some professionals as the "previous generation of currency", and it is the general trend to be replaced by new technologies and new products.

What is the difference between digital currency and digital RMB?

Digital RMB refers to the digital currency issued by the central bank. It is a liability of the central bank, has national credit, and is equivalent to legal currency. Its function is exactly the same as banknotes and coins, but its form is different. One is paper and metal, and the other is a number displayed in the mobile phone software. Digital RMB refers to the digital currency issued by the central bank. It is a liability of the central bank, has national credit, and is equivalent to legal currency. Its function is exactly the same as banknotes and coins, but its form is different. One is paper and metal, and the other is a number displayed in the mobile phone software. Of course, it is also legally compensable. Theoretically, digital currency can be used in any scenario, just like the RMB in your pocket can be traded and bought in any scenario. When digital currency is circulated, it does not require a mobile network signal or the Internet, as long as the mobile phone has power. Use the NFC function of the mobile phone to quickly collect and make payments by contacting two mobile phones. While digital currency is an alternative currency in the form of electronic currency (which can be used for real transactions of goods and services) digital currency has the main characteristics of network data packets. This type of data packet consists of a data code and an identification code. The data code is the content we need to transmit, and the identification code specifies where the data packet comes from, where it is going, and other attributes. Expanded information: 1. Electronic currency and virtual currency are collectively referred to as digital currency. According to the definition of the European Central Bank, virtual currencies are digital representations of value issued by non-central banks, credit institutions, and electronic money institutions that can, under certain circumstances, serve as currency substitutes. 2. Characteristics of digital currency - it has its own open source code (that is, it has legal identity certificate); constant issuance (it will no longer be issued after the equivalent amount is issued); third-party trading platform (with independent electronic ledger); the platform can be used at any time Trading; digital capital has room to appreciate. Although the issuance method of digital currency is still under study, paper currency has been regarded by some professionals as the "previous generation of currency", and it is the general trend to be replaced by new technologies and new products.
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Do you know these two crypto allusions, "Sun Cut" and "Playing with Money and Returning to Zhao"?In the history of the development of the encryption ecosystem, the names of Justin Sun and Changpeng Zhao frequently appear in global mainstream media. Justin Sun, who cashed out tens of billions of dollars at a time, teased Buffett, was wanted by the United States, was a tyrant at Peking University, and was an entrepreneur born in the 1990s. Changpeng Zhao (CZ), the richest man in China and the money-playing man who returned to Zhao. Or times make heroes. No matter how famous they are, they have promoted the development of the crypto world to a certain extent and are the trendsetters of the times. Justin Sun and the marketing geniuses in the TRON currency circle have no hot spots that Sun can't touch. In 2015, on the recommendation of a friend, he became a student of Jack Ma and became the only post-90s student in the first batch of Hupan University. In 2019, he bought Buffett’s lunch for a sky-high price of 30 million yuan and spent more than a month on it. , preheated, announced and finally canceled the lunch, let go of Buffett three times in a row, and continued to hype through Wang Sicong's anger. In 2014, he returned to China as the chief representative of Ripple Greater China and founded TRON. Technically speaking, TRON completely copied Ethereum, but due to its hype methods, it also made the TRON chain famous in the blockchain network. It has achieved a certain position, and the most commendable thing is to cooperate with Tether to issue USDT on Tron. This move has made most people often use the Tron chain to transfer assets (TRC20) of USDT’s crypto-stable currency, which is fast and cheap. Compared with the Ethereum chain, the TRON chain uses a consensus algorithm based on DPOS, which is a proof-of-stake verification mechanism. It relies on voting to select 27 validators to verify blockchain transactions instead of using proof of work. This mechanism can avoid The blockchain is restarted multiple times during the upgrade process to improve the efficiency of blockchain consensus. In order to facilitate developers to transplant existing DAPPs, the virtual machine TVM implemented by the TRON public chain is fully compatible with the Ethereum virtual machine. This not only reduces the learning costs of developers, greatly improves the operating efficiency of DAPPs, but also significantly reduces operating costs. After the TRON public chain virtual machine was launched, the number of DAPPs on the chain has increased significantly. CZ and Binance (Binance) Changpeng Zhao (CZ) founded Binance in 2017. In less than a year, it became the world’s largest cryptocurrency exchange; in April 2019, BNB Smart Chain (now renamed BNBChain) was launched ;In December 2021, with a net worth of US$90 billion (approximately 573.3 billion yuan), Changpeng Zhao surpassed Zhong Suisui, chairman of Nongfu Spring, the original number one on the list, to become the richest Chinese, and ranked among the 10 richest people in the world. Binance Smart Chain achieves block times of approximately 3 seconds through the Proof-of-Possession consensus algorithm. It uses something called Proof of Stake Authority (or PoSA), where participants stake BNB to become validators. If they propose a valid block, they will collect transaction fees from the included transactions. Since BNBChain is EVM compatible, it supports Ethereum tools and DApps. This theoretically allows developers to easily port their projects from Ethereum, but charges users far less gas than Ethereum. And they can easily configure applications like MetaMask to work with BNBChain. Binance Smart Chain has a series of advantages that attract users, including extremely fast operation, low transaction fees, decentralized application creation, and a network with millions of users. CZ has always been committed to "compliance": he said, "Valuations without liquidity are illusory, and liquidity is king." It's like going on a long mountain hike, with ups and downs, three steps forward and two steps back. Although he was obviously the one in the middle, CZ seemed to be able to view the climax and silence of this feast more calmly. Summarizing the blockchain is very vague, but the blockchain is also very specific - so specific that if they raise their arms and shout, the market will shake. Everyone is like a grain of sand, and there are countless "Sun Yuchen" and "CZ" individual experiences. For the vast starry sky, in this individual and industry competition, Justin Sun's "personal heroism" is very strong. Tron seems to be his personal show. Without technological innovation and perseverance, this is destined to be a short-lived show. journey of. CZ is deliberately weakening his personal color and letting Binance be Binance. Although it is also a copy of Ethereum, it has the support of Binance, a cash cow, coupled with its sensitivity to trends and capable execution, Binance Chain's Development is unique among public chains.

Do you know these two crypto allusions, "Sun Cut" and "Playing with Money and Returning to Zhao"?

In the history of the development of the encryption ecosystem, the names of Justin Sun and Changpeng Zhao frequently appear in global mainstream media. Justin Sun, who cashed out tens of billions of dollars at a time, teased Buffett, was wanted by the United States, was a tyrant at Peking University, and was an entrepreneur born in the 1990s. Changpeng Zhao (CZ), the richest man in China and the money-playing man who returned to Zhao. Or times make heroes. No matter how famous they are, they have promoted the development of the crypto world to a certain extent and are the trendsetters of the times. Justin Sun and the marketing geniuses in the TRON currency circle have no hot spots that Sun can't touch. In 2015, on the recommendation of a friend, he became a student of Jack Ma and became the only post-90s student in the first batch of Hupan University. In 2019, he bought Buffett’s lunch for a sky-high price of 30 million yuan and spent more than a month on it. , preheated, announced and finally canceled the lunch, let go of Buffett three times in a row, and continued to hype through Wang Sicong's anger. In 2014, he returned to China as the chief representative of Ripple Greater China and founded TRON. Technically speaking, TRON completely copied Ethereum, but due to its hype methods, it also made the TRON chain famous in the blockchain network. It has achieved a certain position, and the most commendable thing is to cooperate with Tether to issue USDT on Tron. This move has made most people often use the Tron chain to transfer assets (TRC20) of USDT’s crypto-stable currency, which is fast and cheap. Compared with the Ethereum chain, the TRON chain uses a consensus algorithm based on DPOS, which is a proof-of-stake verification mechanism. It relies on voting to select 27 validators to verify blockchain transactions instead of using proof of work. This mechanism can avoid The blockchain is restarted multiple times during the upgrade process to improve the efficiency of blockchain consensus. In order to facilitate developers to transplant existing DAPPs, the virtual machine TVM implemented by the TRON public chain is fully compatible with the Ethereum virtual machine. This not only reduces the learning costs of developers, greatly improves the operating efficiency of DAPPs, but also significantly reduces operating costs. After the TRON public chain virtual machine was launched, the number of DAPPs on the chain has increased significantly. CZ and Binance (Binance) Changpeng Zhao (CZ) founded Binance in 2017. In less than a year, it became the world’s largest cryptocurrency exchange; in April 2019, BNB Smart Chain (now renamed BNBChain) was launched ;In December 2021, with a net worth of US$90 billion (approximately 573.3 billion yuan), Changpeng Zhao surpassed Zhong Suisui, chairman of Nongfu Spring, the original number one on the list, to become the richest Chinese, and ranked among the 10 richest people in the world. Binance Smart Chain achieves block times of approximately 3 seconds through the Proof-of-Possession consensus algorithm. It uses something called Proof of Stake Authority (or PoSA), where participants stake BNB to become validators. If they propose a valid block, they will collect transaction fees from the included transactions. Since BNBChain is EVM compatible, it supports Ethereum tools and DApps. This theoretically allows developers to easily port their projects from Ethereum, but charges users far less gas than Ethereum. And they can easily configure applications like MetaMask to work with BNBChain. Binance Smart Chain has a series of advantages that attract users, including extremely fast operation, low transaction fees, decentralized application creation, and a network with millions of users. CZ has always been committed to "compliance": he said, "Valuations without liquidity are illusory, and liquidity is king." It's like going on a long mountain hike, with ups and downs, three steps forward and two steps back. Although he was obviously the one in the middle, CZ seemed to be able to view the climax and silence of this feast more calmly. Summarizing the blockchain is very vague, but the blockchain is also very specific - so specific that if they raise their arms and shout, the market will shake. Everyone is like a grain of sand, and there are countless "Sun Yuchen" and "CZ" individual experiences. For the vast starry sky, in this individual and industry competition, Justin Sun's "personal heroism" is very strong. Tron seems to be his personal show. Without technological innovation and perseverance, this is destined to be a short-lived show. journey of. CZ is deliberately weakening his personal color and letting Binance be Binance. Although it is also a copy of Ethereum, it has the support of Binance, a cash cow, coupled with its sensitivity to trends and capable execution, Binance Chain's Development is unique among public chains.
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How to earn 1 million W quicklyAs the title says, let’s take the big pie as an example. The following is the K performance of the big pie in the past few years. It is not difficult to see that the bottom of the big pie in 2020 is 3782, and the top in 2021 is 69000, with a profit margin of 20 times in the middle. Using the equal ratio method, the current market price of the pie is 30,000, and the bottom of the previous round was 15,476. The top of the next round of the pie will be around 300,000, but considering the market value, we tentatively set it at 100,000 to 300,000. There are still 3 ~10 times profit margin, so as long as you spend 30W to invest in the big pie, you can easily earn 1 million in the next bull market

How to earn 1 million W quickly

As the title says, let’s take the big pie as an example. The following is the K performance of the big pie in the past few years. It is not difficult to see that the bottom of the big pie in 2020 is 3782, and the top in 2021 is 69000, with a profit margin of 20 times in the middle. Using the equal ratio method, the current market price of the pie is 30,000, and the bottom of the previous round was 15,476. The top of the next round of the pie will be around 300,000, but considering the market value, we tentatively set it at 100,000 to 300,000. There are still 3 ~10 times profit margin, so as long as you spend 30W to invest in the big pie, you can easily earn 1 million in the next bull market
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