Promoting the entry of blockchain into thousands of households, the EU accounts for 6% of Bitcoin mining power

Headlines

▌Sun Yuchen’s 2024 New Year’s message: Continue to promote blockchain into thousands of households

December 31 According to daily news, Sun Yuchen, founder of TRON and member of the Huobi HTX Global Advisory Board, released a 2024 New Year message on his personal social media platform, saying that 2023 will be a year full of tests for TRON, Huobi HTX and the entire blockchain technology industry. year, but TRON achieved significant data-level growth during this year. Justin Sun believes that the third 100 million users may arrive within 2024. In his message, Justin Sun pointed out that facing trials, setbacks and sufferings is an inevitable part of industry development. He used Bible stories as examples to explain his understanding of the test, which was initially a kind of obedience and later became a test of vision. He believes that the intensity of tests, setbacks and sufferings is directly proportional to the intensity of the vision. "Behind the vision of Stars and Seas, there are tests, setbacks and sufferings at the level of Stars and Seas."

▌Report: The EU accounts for only 6% of Bitcoin mining power, the United States ranks first

According to According to Bankless Times’ latest report on Bitcoin mining, the 28 countries in the European Union (EU) collectively account for 6% of the Bitcoin network’s computing power. Among them, Ireland's gross domestic product (GDP) in 2023 is US$115 billion, nearly 160 times lower than the EU's GDP, but it accounts for 2% of the Bitcoin network's computing power. The United States is currently the leading Bitcoin mining country, with 38% of the network’s hashrate. China is currently in second place with a 21% share, followed by Kazakhstan (13%) and Canada (7%), and Russia with 5%. % share ranked fifth.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was US$42,409.00, rising and falling during the day Frame+0.16%;

ETH Recent The transaction price was US$2292.69, and the intraday increase or decrease-0.38%;

BNB The recent transaction price was US$314.57, with intraday changes -1.03%;

XRP’s recent transaction price was US$0.6154, with intraday gains and losses -1.10% ;

The recent transaction price of DOGE was US$0.08982, with an intraday increase or decrease of -0.65% ;

ADA’s recent transaction price was US$0.5962, with an intraday increase or decrease of -1.28 %;

SOL’s recent transaction price was US$102.60, with intraday gains and losses-0.39%.

Policy

▌Pakistan launches blockchain-based KYC platform

Pakistan Adopted a blockchain-based customer identity verification (KYC) platform for its financial institutions. This initiative aims to improve the security and efficiency of financial services while reducing the risk of fraud. Through this technology, Pakistan hopes to strengthen compliance and transparency in the financial industry, thereby promoting the healthy development of the country’s financial industry.

Blockchain Application

▌Sun Yuchen’s 2024 New Year’s Message: Continue to promote blockchain into thousands of households

According to news on December 31, Sun Yuchen, founder of TRON and member of the Huobi HTX Global Advisory Board, released a 2024 New Year message on his personal social media platform, saying that 2023 will be a great year for TRON, Huobi HTX and the entire region. The blockchain technology industry has been a year full of challenges, but TRON has achieved significant data-level growth during this year. Justin Sun believes that the third 100 million users may arrive within 2024. In his message, Justin Sun pointed out that facing trials, setbacks and sufferings is an inevitable part of industry development. He used Bible stories as examples to explain his understanding of the test, which was initially a kind of obedience and later became a test of vision. He believes that the intensity of tests, setbacks and sufferings is directly proportional to the intensity of the vision. "Behind the vision of Stars and Seas, there are tests, setbacks and sufferings at the level of Stars and Seas."

▌Waves founder: Units.network will be launched in Q1 next year, and Waves L1 scalability upgrade will be carried out in Q3-Q4

According to news on December 31, Waves founder Sasha Ivanov announced Waves’ New Year’s plan on the According to previous news on December 1, Sasha Ivanov said that the Waves 2.0 and Units ecosystem will be launched in early 2024.

▌Grayscale is recruiting an ETF product expert

According to Bitcoin Magazine, digital currency asset management company Grayscale is recruiting Recruiting an ETF product specialist whose responsibilities will include leveraging and maintaining relationships with institutional investors.

▌OKX CEO: Cryptocurrency is a basic industry driven by technology and is relatively optimistic about 2024

OKX CEO Star said on social media, I always believe that cryptocurrency is a basic industry driven by technology. Although there will be some black swan events, the cryptocurrency industry will always survive and achieve greater things. There are two important directions that will be the main driving forces in 2024. First, the compliance gap between cryptocurrencies and the banking industry will continue to narrow, and we can foresee that in the near future, the cryptocurrency industry will do a better job of compliance than traditional financial institutions because of on-chain ledgers. Secondly, technologies such as Layer 2, zero-knowledge proof, and self-hosting will push the industry to unprecedented heights. I am more optimistic about 2024.

Cryptocurrency

▌The price of Bitcoin will reach about US$100,000 to US$120,000 by the end of 2024< /p>

Cryptocurrency social media commentator WhalePanda said that the approval of a Bitcoin spot ETF could allow Bitcoin to surge to around $50,000, and then depending on how long it takes for the ETF launch, he will start selling, if it takes a month Before launch, it would likely fall to around $40,000. After that, just like a normal Bitcoin bull market, Bitcoin rose steadily between April and May, breaking through $70,000, with some stagnation in the summer, and then reaching the end of the year. Around US$100,000 to US$120,000.

▌The Hong Kong Police released an annual review of major events: the JPEX case has frozen assets worth approximately NT$240 million

Hong Kong Police The police force will release an annual event review video at the end of 2023, and will also welcome the 180th anniversary of the establishment of the Hong Kong Police Force in the coming year. In the event review, the Hong Kong Police Force specifically pointed out that in September this year, the police received a referral from the Securities and Futures Commission, suspecting a virtual asset transaction called JPEX. The platform’s business practices involve fraudulent practices, and its entities have not been licensed by the China Securities Regulatory Commission. As of November this year, the police have arrested a total of 67 people and frozen assets worth approximately 240 million yuan in the case. In October this year, the police and the Securities and Futures Commission established a dedicated working group to promote intelligence exchange and investigation work and protect the interests of the general public in Hong Kong.

▌Report: The EU accounts for only 6% of Bitcoin mining power, the United States ranks first

According to According to Bankless Times’ latest report on Bitcoin mining, the 28 countries in the European Union (EU) collectively account for 6% of the Bitcoin network’s computing power. Among them, Ireland's gross domestic product (GDP) in 2023 is US$115 billion, nearly 160 times lower than the EU's GDP, but it accounts for 2% of the Bitcoin network's computing power. The United States is currently the leading Bitcoin mining country, with 38% of the network’s hashrate. China is currently in second place with a 21% share, followed by Kazakhstan (13%) and Canada (7%), and Russia with 5%. % share ranked fifth.

Important Economic Updates

▌The probability of the Federal Reserve cutting interest rates in February next year is 15.5% strong>

According to CME's "Fed Watch": the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in February next year is 84.5%, and the probability of cutting interest rates by 25 basis points is 15.5%. The probability of keeping interest rates unchanged by March next year is 13.5%, the probability of a cumulative 25 basis point interest rate cut is 73.5%, and the probability of a cumulative 50 basis point interest rate cut is 13.0%. (Jinshi Data APP)

Golden Encyclopedia

▌What is a full node?

All miners are full nodes, but not all full nodes are miners. Miners are the producers of blocks, while full nodes are the librarians of the blockchain network. Full nodes maintain a complete copy of the blockchain, ensuring that every transaction complies with network rules. They verify the legality of transactions and blocks and reject transactions and blocks that violate the rules. Non-mining full nodes do not create new blocks, but play an important role in maintaining the integrity of the network. They check the work of miners and ensure that network consensus rules are followed.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.