China News Daily Official TheBitTimes.com

Source： https://finance.sina.cn/blockchain/coin/2020-11-30/detail-iiznctke3838175.d.html Previously, Arkham claimed that in November 2020, Chinese authorities confiscated 194,775 bit coins from the operators of the Ponzi scheme PlusToken. These tokens were seized and returned to the state treasury, but it is currently unclear whether China still holds these bit coins or if they have been sold. On November 26, 2020, the final judgment document for the PlusToken pyramid scheme case, which shocked the global cryptocurrency industry, was released. A man from Changsha, Hunan, with only a middle school education, raised 310,000 bitcoins; 9.17 million ethers; more than 51 million EOS, etc. Its model was a very simple Ponzi scheme + pyramid scheme, raising funds and promising interest, with development of both upstream and downstream lines. Most of the attention has been focused on the 190,000 bitcoins, 830,000 ethers, and 27.24 million EOS seized by the police. How this money was ultimately...

1. Fed Official: Rate Cuts Possible by Year-End link Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated that the prediction by Bank of America that the Federal Reserve will cut interest rates once this year, but not until December, is a reasonable forecast. He mentioned that the Fed is currently in a favorable position to gradually gather more inflation data, economic data, and labor market data before making any decisions. However, if there is to be just one rate cut, as the median forecast suggests, it is likely to occur at the end of the year. 2. Consensys: SEC Will Not Classify ETH Sales as Securities Transactions link Consensys has announced that they have been informed by the SEC that the investigation into Ethereum 2.0 will be concluded without charges, indicating that the SEC will not classify the sale of ETH as a securities transaction. On June 7, Consensys had written to the SEC requesting confirmation that the approval of an ETH ETF in May, which tre...

The most crucial aspect of the cryptocurrency industry is the cycle. In this issue, we discuss the macro trends and their impact on cryptocurrencies with Jiang Jinze, Chairman of MuseLabs and former Chief Researcher at Binance Research China. We discuss the influence of the Federal Reserve’s rate hike and cut cycles on cryptocurrencies, the impact of Bitcoin spot ETFs, the resonance between Bitcoin and Nasdaq, and the impact of the U.S. elections on cryptocurrencies. Jiang Jinze believes that from the perspective of interest rates, the possibility of a bull market continuing in the coming year is still very high. Transcription was done using GPT, so there may be errors. ## Nasdaq’s Historical Highs and the Cryptocurrency Market’s Resonance with Nasdaq Historically, there has indeed been a correlation between the cryptocurrency market and the Nasdaq market, but this correlation is not always stable. The correlation depends on the chosen statistical cycle: the shorter the cycle, the grea...

By 0XNATALIE, Researcher at @ChainFeedsxyz Source: ChainFeeds Research 能继承以太坊活性的 Based Rollup 是什么？ 随着坎昆升级的完成，L2 Gas 费用的降低，市场的焦点再次回到 L2 上。在 Rollup L2 的解决方案，目前主要有两大类：Optimistic Rollup 和 ZK Rollup。Optimistic Rollup 由于其成熟的市场应用，占据着市场大部分的份额。然而，不论是 Optimistic Rollup 还是 ZK Rollup 都存在着一些问题。为了解决这些局限性，并进一步优化效率和去中心化特性，Based Rollup 应运而生。它不仅简化了技术复杂性、减少了交易延迟，而且是唯一完全继承了以太坊活性（liveness）的方案。在所有已知项目中，当前只有 ZK Rollup 团队… Read more 7 days ago · 1 like · 0xNatalie With the completion of the Cancun upgrade and the reduction of L2 gas fees, the market’s focus has once again shifted to L2. There are currently two main types of solutions for Rollup L2: Optimistic Rollup and ZK Rollup. Optimistic Rollup occupies the majority of the market share due to its mature market application. However, both Optimistic Rollup and ZK Rollup have their limitations. To address these limitations and further optimize efficiency and decentralization, Based Rollup has emerged. It not only simplifies technical complexity and reduces t...

1. Iran Launches Attack on Israel link Following Iran’s unprecedented attack on Israel, risk assets experienced a sharp decline on April 14th, with Ethereum hitting a low of $2,852 and Bitcoin dropping to $60,660. Within a 4-hour period, liquidation amounts reached $951 million. However, Iran later announced the end of its military action, leading to a rebound in cryptocurrencies and other risk assets. International news reports indicate that Iran’s mission to the United Nations stated that if Israel does not respond, the military action will be considered “ended.” Magen David Adom, Israel’s national emergency medical service, reported no casualties from Iranian drones. Nonetheless, Israeli senior officials have indicated a “significant response” to the unprecedented Iranian attack. Jordanian warplanes intercepted dozens of Iranian drones flying over northern and central Jordan towards Israel. Media reports suggest Iran is closely monitoring Jordan and could target it if there are any ...

Julio Moreno, the Head of Research at CryptoQuant with over 13 years of expertise in commodity research, leads the forefront of on-chain analytics. This podcast discusses CryptoQuant’s recent report on cryptocurrency trends, explores the Bitcoin Halving event, and examines the changes following the Ethereum upgrade. The views expressed by the interviewee are personal opinions and do not represent the views of WuBlockchain or constitute any financial advice. Readers are advised to strictly comply with local laws and regulations. Audio-to-text conversion uses GPT, and there may be errors. Please listen to Youtube for the full podcast： CryptoQuant’s report shows a surge in Bitcoin demand, any details to share? Since October last year, we’ve observed a significant acceleration in Bitcoin demand, particularly intensified this year due to the approval of ETFs in the USA. This surge in demand has been captured using our data along with a new analytical tool we launched, called the Cohort. Thi...