Everyone once thought that when ETFs passed and a large number of institutional investors entered the market, the price of Bitcoin would soar. ETN is considered to be a soft alternative to the Bitcoin ETF that the public dreams of. ETN allows USD holders to invest in Bitcoin without holding Bitcoin. It stands to reason that this should be Bitcoin Pro appa big event that can drive the market. But in fact, the market response was not great, and it did not attract many American investors and the Wall Street capital they were fighting for. This is a strange phenomenon.
Looking at the performance of each blockchain sector, we found that within 24 hours, the transaction volume of the currency sector reached US$8,137.4 billion (transaction volume decreased by 01%), and the transaction volume of the distributed ledger sector reached US$1402.6 billion (transaction volume increased by 74%) , The trading volume of the anonymous currency sector reached 635.4 billion US dollars (trading volume increased by 20.71%), the trading volume of the bifurcated currency sector was US$123.7 billion (trading volume decreased by 11%), and the cross-chain/side chain trading volume was US$114.54 million (transactions The transaction volume of the asset management sector was US$155.3 million (a decrease of 3%), the trading volume of the advertising and entertainment sector was US$128.8 million (the transaction volume was down 16%), and the trading volume of the platform currency sector was US$65.95 million ( Transaction volume decreased by 14%), IoT segment transaction volume was US$72.01 million (trading volume decreased by 25%), artificial intelligence segment transaction volume was US$508.2 million (transaction volume decreased by 0.8%), and social communications sector transaction volume was US$45.95 million (Trading volume decreased by 24%), the financial services sector had a trading volume of US$13.91 million (trading volume decreased by 26%), the data management sector had a trading volume of US$175.6 million (trading volume increased by 424%), and the anti-counterfeiting and traceability sector had a trading volume of 44.7 million USD (trading volume dropped by 43%).
When you buy bitcoins on a bitcoin ATM in Harlem, New York (note: high crime area), you may not realize who the e-wallet that trades you bitcoin is—it may belong to the machine The stranger next to him, a Colombian drug cartel, or a hacker who used ransomware to rob Bitcoin.
Previously, someone made a costly mistake with some of these addresses: On February 6, 104 bitcoins (500,000 Canadian dollars) were accidentally transferred to QuadrigaCX's cold wallet. The company claims that these wallets are currently inaccessible because only the late founder Gerald Cotten controls the private keys of these wallets.
Bitcoin is free from the shackles of cryptocurrency. Compared to the broader cryptocurrency market, the basis for Bitcoin price increases seems to be firmer. The BloombergGalaxyCyptoIndex (BGCI) index has been higher than the 2017 peak. BloombergIntelligence believes that the indicator chart shows that the current ratio of Bitcoin to BGCI is close to 2, while the highest ratio three years ago was only 23. Bitcoin seems to be struggling to break through the USD 10,000 resistance level. Compared with other cryptocurrencies, Bitcoin's appreciation potential is obviously higher. The last time Bitcoin broke the USD 10,000 threshold occurred in June 2019, but the ratio of Bitcoin to BGCI was It was down by a third. The Bitcoin market will be further developed, especially the Federal Reserve and other central banks are implementing unprecedented monetary quantitative easing policies.
From January to June 2019, the blockchain project received $1 billion from Bitfinex, whichBitcoin Pro app has the largest amount of financing, followed by Bakkt with $182.5 million in Series A financing. Jianan Zhizhi, one of the three major mining machine manufacturers, also completed a round of financing of hundreds of millions of dollars in the first half of 2019, and the valuation reached billions of dollars after the financing.
In 2017, KathrynHaun decided to resign from the US Department of Justice and immediately joined the Coinbase board of directors. On the Coinbase board of directors, she met Chris Dixon, who led Andreessen Horowitz's investment in cryptocurrencies and related companies.