Analyzing Figure 2, it can be seen that the regularity of the direction of the RMB exchange rate change and the direction of the bitcoin spread is poor. Sometimes the exchange rate rises and the bitcoin price falls, sometimes the exchange rate falls, and the bitcoin price falls, and sometimes the volatility between the two is very small, and There is no obvious law of movement in the same direction or in the opposite direction; with the escalation of the Sino-US trade dispute in April as the demarcation point, the price of bitcoin was mainly due to the rise in the exchange rate before, and the price of bitcoin was mainly due to the decline in the exchange rate, entering July Labtc bitcoin priceter, the negative correlation between exchange rate fluctuations and Bitcoin price fluctuations has increased significantly.
"Although the current unexpected global epidemic crisis is still continuing, with a series of major events about to occur in Bitcoin, the entire industry is speculating that another round of bull market is coming. I believe that the price of Bitcoin will continue to rise in the future. Everything may point in the direction of $20,000 or more."
However, in the long run, U.S. stocks may eventually head toward an unprecedented crash. The Dow Jones Index will eventually fall from 30,000 to 3,000, and the time to reach the final point may occur in 2027. Just a few days ago, Wisconsin in the United States suffered a strong thunderstorm. A local landmark: the world's largest free-floating American flag was torn in half. It seems to be heralding what will happen. This reminds me of the negotiations between the Queen of England and Comrade Deng Xiaoping on the Hong Kong issue in 1982. When I was out of the Great Hall of the People, the Iron Lady fell straight and stayed in the annals of history.
LeoWeese: Singapore is currently very open to cryptocurrencies, especially blockchain products. I think that Singapore may have a similar regulated token transaction, but Singapore is not always easy to predict, because its policies change back and forth, embrace for a while and appear conservative.
It can be seen from the above that the Grayscale Fund brings more than just 3% management fee income, but expands the business map of DCG Group. Through the creation of a set of profitable products of "high fund premium", Genesis has strengthened its own trading, lending and derivatives business, formed DCG Group's unique "gray fund moat" and created a "money empire" in the cryptocurrency market.
Unfortunately, Elliptic's report does not mention all private sector companies trying to help this situation. Some companies took the initiative to produce masks and other products, but were stopped by regulatory agencies such as the USbtc bitcoin price Food and Drug Administration (FDA) and the US Centers for Disease Control and Prevention (CDC). Some medical professionals who try to 3D print ventilator parts or manufacture vaccines have also been harassed by intellectual property laws, regulations, and government-supported patents.
But without the falsification of company documents, all the oral testimonies are still difficult to hold. In addition, the American accounting firm FriedmanLLP, which had previously provided audit services for Tether, suddenly suspended its cooperation with Tether in January this year, which made Tether's financial situation even more confusing.
For consumers and merchants, they will naturally not use volatile and unstable payment tools, which is why they turn their attention to stable coins. Stablecoins are cryptocurrencies driven by the blockchain and linked to the value of legal tender or commodities. The representative stablecoin is the highly controversial USDT. Since this year, many new stablecoins have sprung up.
In addition, a stable coin named EOSDT in the EOS ecosystem also has a certain value of attention. According to data from DappReview, the number of EOS locked in this Dapp has reached 2,692,414, or approximately US$19 million. Compared with the main competing products on Ethereum, the lock-up amount (priced in USD) ranks fourth, second only to MakerDAO, Compound and Dharma. However, the number of active users of the project is extremely small, and the highest number of active users in the past 30 days is only 40.