headlines
▌El Salvador’s bitcoin bond will be delayed again
Bitfinex and Tether CTO Paolo Ardoino told Fortune that El Salvador’s Volcano Bond will be delayed further until later this year. Paolo Ardoino said there would be two to three months to launch Volcano Bond if the legislation necessary to issue the bond is passed in September, suggesting sales could take place before the end of 2022. In November 2021, El Salvador's President Nayib Bukele first announced Bitcoin bonds (also known as Volcano tokens), which raised $1 billion from investors, half of which was used to finance infrastructure projects and the other half to To buy Bitcoin, Bitfinex was chosen as the only exchange provider. Although the coin was supposed to debut in early 2022, El Salvador's finance minister delayed it to mid-March, then indefinitely as bitcoin's price plummeted. Nathalie Marshik, director of emerging markets sovereign research at Stifel Financial Corp., said this could be due to a lack of interest from investors, especially as U.S. investors are banned from trading on Bitfinex.
policy
▌Russian Prime Minister: Cryptocurrency is an alternative to cross-border payment security
On Tuesday, Russian Prime Minister Mikhail Mishustin declared at a meeting on the strategy for the development of the domestic financial system that the adoption of cryptocurrencies as a "secure alternative" for cross-border payments is necessary. The prime minister added that cryptocurrencies offer a great opportunity to ensure uninterrupted payments for imports and exports. Mishustin also pointed out the importance of ensuring the independence of technological infrastructure and the cybersecurity of financial institutions, saying, “We need to vigorously develop areas of innovation, including the adoption of digital assets, cryptocurrencies, etc. All things considered, this is a safe choice that can Guarantee uninterrupted payment for the supply and export of goods from abroad."
▌European Blockchain Secretary-General: The EU may ban stablecoins linked to the US dollar
The European Union may ban dollar-pegged stablecoins in 27 countries if the EU finalizes new Market for Cryptoassets (MiCA) legislation, European Blockchain Secretary-General Robert Kopitsch said recently.
cryptocurrency
▌Members of the U.S. House of Representatives questioned the alleged fraud of digital asset exchanges
Democratic Rep. Raja Krishnamoorthi asked five cryptocurrency exchanges, including Binance (Binance) and Coinbase (COIN.O ), and four federal agencies to provide information on their efforts to prevent cryptocurrency-related transactions, according to a press release. actions taken by the fraudulent. Krishnamoorthi said in a statement that in many cases, the lack of a central authority to flag suspicious transactions, the irreversibility of transactions, and the limited understanding of the underlying technology by many consumers and investors make cryptocurrencies the preferred choice for scammers. means of transaction.
▌Report: By 2023, the value of the Web3.0 blockchain technology field will exceed 6 trillion US dollars
According to Market Research Future, the value of the Web3.0 blockchain technology sector will exceed $6 trillion by 2023, and from 2023 to 2030, Web3.0 will continue to grow at a compound annual growth rate of 44.6%. Because Web 3.0 relies heavily on blockchain, many people mistakenly believe that its fate is inevitably tied to the volatile cryptocurrency market. However, cryptocurrencies are only part of the new field. Gartner explained that while cryptocurrencies collapse in the first half of 2022, policymakers should not assume that the value of Web 3.0 technologies will be affected. According to the research and consulting firm, Web 3.0 technologies will soon reach a tipping point in their adoption, with industries ranging from aircraft maintenance to food safety tokenizing their applications. According to Aarti Dhapte, senior research analyst at Market Research Future, blockchain is a proven technology for securing cryptocurrencies and NFTs to the next level -- and now, it's poised to finally transform the next generation of web technology . Web3 blockchain will revolutionize existing routine processes in different industries.
▌Coinbase gets equal rating from Barclays for crypto regulatory risk
Noting regulatory risk and retail trading revenue exposure, Barclays (BCS) analyst Benjamin Budish initiated coverage of cryptocurrency exchange Coinbase (COIN) with an equal weight rating and $80 price target. In a note to clients on Tuesday, Budish said that despite some positive catalysts, such as the ethereum merger and industry consolidation, Coinbase will face challenges. Still, Budish's $80 price target represents an upside of nearly 20% from today's closing price of $67.03. In addition to the new Coinbase coverage, Barclays launched online brokerage Roinbhood (HOOD) with an Underweight rating and a $10 price target, citing the negative impact of inflation and/or a potential recession on clients.
▌The sale of more than 10,000 BTC on August 28 and 29 may have come from Mt Gox hackers
On Sunday, August 28, 2022 and August 29, 2022, two addresses created on December 19, 2013 transferred about 10,001.514 BTC. Data on the chain shows that this Bitcoin transfer may have occurred on June 2011. 19th Mt. Gox hacker. Analysis shows that these two Bitcoin transactions originally came from the wallet starting with 1McUC, which received 134,897.01 BTC on June 19, 2011. On-chain analysis shows that whether it is the over 10,000 BTC transferred this week, The 134,000 BTC originally held may all belong to one entity, and the newly transferred BTC may be the last funds in the 1McUC address.
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