An average of 1335 days or approximately 3 years and 8 months can maximize profit, and the time is related to the length of the four-year cycle of the halving period. The profit from bitcoin is mainly waiting. Holding Bitcoin for 317 days will give you a 75% chance of profit, with a profit margin of 60% for Bitcoin for 35 days.
Tokenview: Tether’s new printing of 65 million USDT in the past week
According to Tokenview data, as of 18:00 pm on September 9th, Beijing time, USDT has printed 65 million new banknotes in the past week. A total of 68.5 million USDT has been issued through Tether Treasury. The balance of Treasury has remained at 133 million USDT. The issued USDT flows into four exchanges for a total of 58.6 million.
“SM will issue its own currency” on the Weibo Hot Search and Topics list a>
September 9th, “SM will issue its own currency” on the Weibo topic list, ranked 12th; at the same time boarded the microblogging hot search list, ranked 28th.
British Asset Management Raise $50 million to monetize volatility in cryptocurrencies
British asset management company Nickel Asset Management said it has raised $50 million for a fund that aims to profit from the volatility of cryptocurrency.
The company said on Monday that its Nickel arbitrage fund (Arbitrage Fund) has been “soft-closed” for new investors after two months of launch, with parent funds and family offices in the UK, Europe, North America and Singapore. The fundraising. Under the supervision of the Financial Market Conduct Authority (FCA), the arbitrage fund plans to “use the extreme volatility of the encryption market to provide low volatility and stable performance”.
Blockchain application
Bakkt: Bitcoin hosted in Warehouse has $125 million in policy protection< /p>
Bakkt said in his official opinion: “The bitcoin hosted in Bakkt Warehouse has $125 million in policy protection.”
Global Policy
The Japan Financial Services Agency holds the 2nd Round Table on Encrypted Assets< /a>
The Japan Financial Services Agency disclosed today that the agency had held the second round table on encrypted assets in Tokyo on September 6. The meeting brought together relevant financial regulators and international organizations to discuss and exchange experiences on the latest developments in cryptographic assets, including stable currency. The conference consisted of four main topics, namely: 1. The latest technological developments and challenges of cryptographic assets; 2. Supervision of crypto-equity trading platforms; 3. Investor protection and market integrity; 4. Participation of multiple stakeholders global cooperation. It is reported that the meeting is an invitation system and is not open to the public.
People·Sound
Mu Changchun, deputy director of the Department of Payment and Settlement of the People’s Bank of China, said in the App course that the central bankDigital currency will not affect WeChat and Alipay for the following reasons: 1. First of all, from the legal power, the effectiveness and security of the central bank’s digital currency is the best. WeChat and Alipay did not reach the same level as the central bank’s digital currency in terms of legal status and security. 2. The central bank is better able to cope with extreme situations than WeChat and Alipay, and can pay without the network. Both the collection and payment parties are used offline. As long as the phone has power, even if the entire network is broken, payment can be realized. 3. The central bank’s digital currency will not affect the position of WeChat and Alipay. Because Alipay and WeChat are currently paid in RMB, in fact, they are paid in commercial bank deposit currency. After the introduction of the central bank’s digital currency, it was only replaced by the digital renminbi, which is the use of the central bank’s deposit currency. Although the payment instrument has changed, the function has also increased, but the channels and scenes have not changed.
US SEC Chair: Bitcoin ETF related work has progressed, and encryption hosting is still a major issue
The US Securities and Exchange Commission (SEC) Chairman Jay Clayton said in an interview with CNBC that we are closer to the Bitcoin ETF, but there is still a lot of work to be done. Clayton said: “Hosting is the main question. How does the SEC really know that investors own digital assets? In this respect, it is clearly different from tangible assets such as gold or coffee. As cryptocurrencies are traded overseas, on unregulated exchanges, How can we be sure that the price is not being manipulated?” He concluded that the work has progressed, but we are unable to move forward until people are satisfied with the resolution of these issues.