Disclaimer: This article does not constitute any investment advice.Editor: Remember to follow meSelect blockchain industry news, track regulatory trends and major company dynamics in various countries, and gain insight into hot topics and changes, all in the Mars Morning Post
Disclaimer: This article does not constitute any investment advice.
Editor: Remember to follow me
Select blockchain industry news, track regulatory trends and major company dynamics in various countries, and gain insight into hot topics and changes, all in the Mars Morning Post.
Market announcement
As of 8:00 am on March 25th, the global average price of BTC was $4019.59, a 24-hour decrease of 0.35%; The global average price of EOS is 3.66 US dollars, with a 24-hour decline of 0.79%; The global average price of ETH is $136.98, with a 24-hour decrease of 0.81%. Among the top 100 currencies in terms of market value, the top five in the 24-hour growth chart are: POLY with a 24-hour increase of 28.02%, ABB with a 24-hour increase of 21.37%, KCS24 with a 24-hour increase of 14.58%, BNB24 with a 24-hour increase of 13.71%, and ZRX24 with a 24-hour increase of 8.3%. According to CoinMarketCap, there are over 2121 global digital currencies, with a total market value of $134.176 billion in the top 100.
In terms of platform currency, the price of Coin An BNB is 17.2 US dollars, up 13.71% in 24 hours; The price of Fire Coin HT is $2.5, with a 24-hour increase of 2.46%; The price of OKCoinOKB is $1.38, with a 24-hour increase of 0.73%; The FCoinFT price was $0.0687, a 24-hour decrease of 0.72%.
Industry dynamics
Tether General Counsel: Tether reserves equal to or greater than the number of USDTs in circulation
According to Cointelgraph, Tether's official website recently removed the clause that its tokens are entirely supported by the US dollar. In response, Tether's General Counsel Stuart Hoegner stated that Tether's reserves include cash, cash equivalents, and other assets, while ensuring that these reserves are equal to or greater than the amount of USDT in circulation. However, Hoegner declined to elaborate on the types of assets used by the company as reserves, but stated that his decision to change the reserve policy was a result of changes in the stable currency situation.
Former CFTC Chairman: Virtual currencies should be regulated by government regulations
According to a report by Taiwan Business Times, Gary Gensler, former Chairman of the Commodity Futures Trading Commission (CFTC) in the United States, pointed out in an interview that the unreality of ICO is mainly due to its lack of practical use, and the beauty of virtual currency comes from its underlying technology blockchain. Since the collective death of ICO last year, the virtual currency market has experienced price shocks, such as Bitcoin, Ethercoin and Litecoin, but its market position has become more and more stable. Gary Gensler believes that perhaps a few virtual currencies will one day develop multiple uses and be accepted through multiple channels, but it will take at least five to ten years. It is too early to say now. Professor Gary Gensler insists on the development and future of virtual currency from the perspective of consumer protection, with the government formulating regulations to regulate it.
The official response of the TOPNetwork community has been criticized: there are no real circulating TOPs on exchanges other than Firecoin. In response to the false news that some exchanges announced TOPNetwork's cooperation with them and "snatched the TOP" on the 25th, the relevant person in charge of the TOPNetwork community expressed that although they appreciate the attention of all parties, the tokens circulating in the TOPNetwork community only cooperated with Firecoin. The TOPNetwork community has also issued a risk warning notice, stating, "Currently, 7.5% of the circulating TOP will be conducted on HuobiPrime, and other claims of holding circulating TOP are untrue. Please pay attention to identifying risks
Coin security: BinanceLaunchpad token sales mode will be changed to lottery draw mode
According to the blog of Coin An Exchange, the next project of BinanceLaunchpad will be determined through lottery drawing, rather than first come, first served. The number of 'lottery tickets' that the project party can apply for depends on the number of BNBs held within 20 days prior to the drawing date.
TokenGazer analysis: BNBLaunchpad changes gameplay and the winning rate will be less than 1%
The sales mode of Coin On Launchpad tokens has been changed to lottery mode, with 100 BNBs per ticket and a maximum of 5 tickets per account. According to the TokenGazer team's calculations, apart from the unreleased tokens from the Coin Security team and BNBs held by Big Capital, there are approximately 30 to 50 million BNBs in the market that will participate as much as possible in the token sales plan. According to the previous Launchpad, there were over 3000 quotas each time, which means that the probability of each account winning the lottery is less than 1%.
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