Cryptocurrencies Are About To End Their Bear Market, And The Blockchain Technology Industry Is Set To Explode!

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Editor丨Judy

Cryptocurrency exchange receives MPI license from Monetary Authority of Singapore

According to news on May 10, the cryptocurrency exchange announced today that it has received official approval for a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This means it will be able to operate legally as a regulated digital payment token (DPT) service provider under the Payment Services Act (PSA).

Japanese Prime Minister: Blockchain, NFT and are part of Japan’s future strategic growth

Japanese Prime Minister Fumio Kishida said that growth related to Web3, including developments related to NFT, will form part of Japan's future strategic growth and called on British business leaders to support his project. Speaking to bankers and professional investors at London's City Hall, Kishida reportedly said his government would carry out "institutional reforms" to "create an environment" and focus investments on technology and innovation as well as venture capital and digital areas. "We will focus on promoting blockchain, NFT, etc. Web3. We will realize a society where new services can be easily created."

Wood: The cryptocurrency bear market is about to end, and the blockchain technology industry is expected to explode

According to news on May 10, ARK founder Wood said that the increasing correlation between cryptocurrencies and traditional assets indicates that the bear market is about to end. Cryptocurrency, as a new asset class, shouldn't look like the Nasdaq, but it does. Now it's very relevant. You know you're in a bear market and maybe towards the end of the bear market everything starts to look similar and we see capitulation in market after market. Despite the current market downturn, she maintains her long-term confidence in cryptocurrencies because, like ARK’s other investment categories, she believes cryptocurrencies will grow exponentially as the market and society peak. Wood said blockchain is one of the industries that offers exponential growth opportunities. She believes that the total valuation of these industries (artificial intelligence, blockchain technology, etc.) will increase 21 times in the next 7 to 8 years. According to previous reports, Wood said that although currently only a small part of institutional investors' asset allocation is cryptocurrency, institutional investors will increase their Bitcoin asset allocation to 2.5% in the future.

Dr. Doom: Tokenized U.S. dollars will be issued, backed by short-term U.S. Treasury bonds and real assets such as gold.

According to news on May 10, Macro CEO Dr. Doom said in an interview with Bloomberg that he is working with Atlas Team, a Dubai company he co-founded, to develop a tokenized U.S. dollar that will be backed by physical assets. Includes short-term assets including long-term U.S. Treasuries, gold and affected currencies. The token is scheduled to launch later this year, with mixed support such as U.S. real estate, which is less affected by climate change.

La Liga football club RCD signs sponsorship deal with Snack and will accept cryptocurrency payments

According to news on May 9, Barcelona-based Snack announced a sponsorship agreement with the famous La Liga football club RCD. RCD will become the first La Liga club to accept cryptocurrency payments next season. Espanyol fans will be able to purchase tickets, merchandise and food/drink using snacks, Bitcoin, Ethereum and a range of other well-known cryptocurrencies.

Tanzania is introducing a CBDC in response to the growing popularity of cryptocurrencies in the country

Tanzania is about to launch a central bank digital currency (CBDC) to help combat the growing popularity of cryptocurrencies in the country. "It is very important for us to provide CBDC as a safe alternative because many people are affected by cryptocurrency speculators," Tanzania's central bank governor Loga said in an interview on Monday. He said banks cannot ignore the currency's technology. develop. Loga said that Tanzania has sent officials to countries with CBDC experience such as Nigeria to learn. He declined to say when Tanzania's plan would be rolled out. “We cannot ignore central bank digital currencies. Almost everywhere in the world, central bankers are currently being trained and discussed on how to make this happen.”

CEO: Crypto market will not rebound in next two months

According to news on May 9, CEO Mike predicted more losses in the crypto market during a recent earnings call. He doesn't see a recovery happening within the next two months. The billionaire believes that cryptocurrencies will maintain a high correlation with the Nasdaq 100 index. He said he is "very confident" that Bitcoin will rebound once the stock market finds "some kind of bottom." It was previously reported that the company lost $111.7 million in the first quarter due to falling cryptocurrency prices.

Three Australian Cryptocurrency ETFs to Start Trading on May 12

According to news on May 10, Australia's Cboe Exchange issued a market notice that the three previously postponed funds are expected to start trading on May 12. These three funds are the Bitcoin ETF launched by Asset, and the Bitcoin and Ethereum spot ETFs. Previously, these three funds had announced their listing in late April, and then announced that they would postpone their launch.

Announcing the launch of ANGEL token airdrop based on NFT market

On May 10, the official announced that the basic NFT market will be launched on the official website at 7:00 pm (Pacific time) on May 9 and an airdrop of ANGEL tokens will be conducted. The airdrop deadline is May 23rd. ANGEL airdrop rules have been announced. The total amount of ANGEL is 1 billion: 10% airdrop, 10% team, 15% staking reward, DAO/25%, 35% transaction reward, and 5% liquidity management.

The main chain was successfully upgraded and open sourced

According to official news, the latest version has been released. This update has two important parts: 1. The original Top rewards have been expanded from the top 10 to the top 20. 2. Add support for Chia PoS protocol and be compatible with all Chia computing power wallet hard fork heights. The update is expected to be completed on May 20, 2022. All wallet nodes will stop deposits and withdrawals on May 20, and open free transactions at 0:00 on May 21.

Multi-chain aggregation platform KiKi has increased LUNA’s annual interest rate on the platform

According to official news, multi-chain aggregation platform KiKi tweeted that in order to support the Terra ecosystem, KiKi, as a Terra ecosystem partner, has increased the annualized interest rate for staking LUNA on the platform to 35.81%. In addition, in addition to KiKi, users will also receive an additional 2,000 LUNA rewards. KiKi is a multi-chain pledge aggregation platform where users can stake their tokens into the pledge pool to obtain KiKi tokens with high annual interest rates.

As of May 12, new users must complete an intermediate identity verification to access the Binance Exchange DApp.

According to news on May 10, the decentralized encryption wallet issued an update notice on Binance DAPP identity authentication. As of 00:00 UTC on May 12, all new users must complete intermediate authentication to access Binance trading in the app. DApp, including cryptocurrency deposits, transactions and withdrawals; existing users who have not completed intermediate certification will temporarily change their account permissions to "Withdrawal Only", with services limited to withdrawals, order cancellations, liquidations and redemptions. At the same time, these changes only apply to DApps within the application.

Zuckerberg: Will start testing digital collectibles on Facebook this week

According to news on May 9, Meta (FB.O) CEO Zuckerberg announced that he will start testing digital collectibles on the Internet this week. Zuckerberg said that a small number of American creators and collectors will be allowed to share NFTs they create or purchase on the Internet. There are no fees to post or share digital collections on it. Digital collectibles will also be launched in the future.

communication

According to news on May 9, Vijay Ayyar, vice president of development and international affairs of cryptocurrency trading platform Luno Pte: The overall market is still facing pressure from inflation and growth concerns.If Bitcoin falls below $30,000 per coin, it could drop further and reach $25,000 per coin before any "significant" rally occurs.

According to news on May 10, El Salvador President Nayib Bukele: He just bought 500 Bitcoins at a low price at an average price of $30,744.

.Guru tweets that Luna Guard will issue $1.5 billion in loans to help stabilize its UST stablecoin

Data show that last week there was a net inflow of $40 million in cryptocurrency investment products, including a net inflow of $45 million in Bitcoin-related products and a net outflow of $12.5 million in Ethereum-related products.

According to news on May 10, ecological synthetic assets and futures protocols will be launched on the fUSD stable currency pool tomorrow. It will be supported by ecological dynamic revenue infrastructure. Users will be able to stake fUSD, USDC or USDT and earn income from it.

According to news on May 10, Binance issued an announcement stating that due to network congestion on the Terra (LUNA) network, resulting in a large number of currency withdrawal transactions, Binance will suspend the withdrawal of LUNA and UST tokens at 10:20 on May 10. . May 10th, Beijing time. In addition, until the Terra (LUNA) ‌‎ network is stable and pending withdrawal transactions decrease, Binance will reopen withdrawals for LUNA and UST tokens without prior notice.

According to news on May 10, multi-chain DEX and liquidity aggregators tweeted to warn users not to use it for trading now. It is likely that a front-end error caused the malicious address to appear during the transaction. The team is investigating this issue. If you have used it in the past 2 days, please go to .cash to confirm that the address you don’t recognize is not approved, pay special attention to 5B

标签: #blockchain #currency #luna

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