Crypto Morning News - May 7th, 2021
The share of BTC market value fell to 43.1% and hit a new low
According to data from Coingecko, the share of Bitcoin's market value in the total market value of cryptocurrencies has reached a new low and has fallen to 43.1%.
ETH dropped below $3,400 for a short time
ETH dropped below $3400 for a short time, fell to $3377.49, and now rebounded to around $3,440.83, 24H dropped 1.12%.
ETC Cooperative: ETC hashrate rises to an incredible ~33Th/s, a record high
ETC Cooperative tweeted that #EthereumClassic network hashrate rises to an incredible ~33Th/s. This is the biggest amount of hash rate its ever held in its existence!
CZ: Banks refusing to work with crypto are like bookstores refusing to work with the internet.
Binance CEO CZ tweeted: Banks refusing to work with crypto are like bookstores refusing to work with the internet. Netizens commented: Of course, they are scared because most of their income is based on expenses. Now that they have cryptocurrency, they will lose their business model. Larger than obsolete beliefs. CZ replied that the company insisted Existing business models may be the biggest reason for the failure of large companies.
Elon Musk:Cryptocurrency is promising, but please invest with caution!
Tesla CEO Elon Musk tweeted a video titled "Musk Says Dogecoin May Be the Future of Cryptocurrency", with a text stating that Cryptocurrency is promising, but please invest with caution!!
JustSwap's total liquidity hits a new high, reaching $2.209 billion
According to the latest data, JustSwap's total liquidity once again broke a new high, reaching $2.209 billion, and its 24-hour turnover reached $492 million, an increase of 77.98% year-on-year! Currently, the top three most popular asset trading pairs in JustSwap are: USDT-TRX, USDJ-TRX, and JST-TRX. Among them, the first USDT-TRX has a turnover of $672 million in 7 days! JustSwap is the first token exchange protocol on TRON, and users can exchange between any TRC20 Token. The system is priced and the transaction is convenient, and the agreement will not charge commissions, and all commissions will be provided to the liquidity provider of the agreement. JustSwap official website: justswap.org
Ripple's first quarter report: XRP sales increased by 97%
U.today reported that Ripple's recent quarterly report showed that in the first quarter of 2021, its XRP sales increased by 97%. The company sold a total of $153.4 million worth of XRP in the first quarter, and the company attributed this growth to the “deeper participation” of customers using its XRP-backed ODL products for cross-border payments.
PayPal CFO: No plans to invest company cash in cryptocurrencies
According to a report from the Wall Street Journal on May 7, PayPal Chief Financial Officer John Rainey stated that the company is seeking to expand its lucrative business, which allows customers to pay merchants with cryptocurrency assets, but the company has not yet planned to invest its company’s cash. To these assets. Rainey said that cryptocurrency is still a highly volatile asset. But he said that if the cryptocurrency becomes more stable in a few years, he will not refuse to invest in the asset.
Survey: A quarter of Americans believe Dogecoin is the "new Bitcoin"
A recent survey by gaming and entertainment website Gamblers Pick found that 25% of Americans believe that the cryptocurrency "Dogecoin" (DOGE) will become the "next Bitcoin." You may attribute this judgment to the general lack of cryptocurrency education and the rise of TikTok as an investment tool, but this has not stopped a quarter of the respondents from saying that Dogecoin is their investment choice this year. (A total of 1,000 people accepted the survey.) The study itself is considered to have an error of 3% within the 95% confidence interval. Because 5.9% of the respondents belonged to the Z generation, 60.8% belonged to the millennial generation, 22.6% belonged to the X generation, and 10.7% belonged to the baby boomer generation.
Goldman Sachs launches new Bitcoin derivatives for investors
Investment bank Goldman Sachs is launching a non-deliverable forward (NDF) service for investors, a derivative that is linked to the price of Bitcoin and paid in cash. The bank will protect itself from volatility by buying and selling CME Bitcoin futures in block trades, with Cumberland DRW as its trading partner.
ETC unit computing power income has surpassed ETH
Bitinfocharts data shows that the ETC unit computing power gain reached 0.137 USD/day, which has exceeded the ETH unit computing power gain (0.117 USD/day).
NFT's sales in the first quarter exceeded $2 billion, a quarter-on-quarter increase of 20 times
Data shows that in the first three months of 2021, the value of the NFT market has increased by 1785%, with sales exceeding $2 billion in the first quarter, a 20-fold increase from the previous quarter. Growth slowed in April, but it was still significantly higher than before 2021. Information shows that institutions and individuals are still entering the venue.
MARKET DATA - TOP 10 [ from CoinMarketCap ]
THANKS ALL
Интересно как дальше будет развиваться ETC...
In the early years, Ethereum suffered a hack and suffered huge losses. Vitalik Buterin proposed the idea of a hard fork. This split is a technological split. Two different concepts of competition determine two completely different development directions. With the support of core teams such as Vitalik Buterin, ETH has embarked on a path where the Ethereum Foundation makes and develops the core decision-making of the blockchain, and the community participates in it. ETC continues to insist that the blockchain records and contracts cannot be modified, and can only run the concept of irreversible smart contracts.
ETH is indeed better developed than ETC in its current form, but we cannot deny ETC entirely. This is the charm of the blockchain. The value and prospects of the project are based on consensus. Returning to ETH2.0, as the development progress continues, this consensus split will inevitably occur.
The shift from a PoW workload consensus mechanism to a CPos consensus mechanism can improve the efficiency of the entire Ethernet network and attract more participants. New ideas and new ideas will definitely be produced in this transformation process. As for whether the split will succeed, it is currently impossible to say. After all, the value source of the blockchain is the consensus of most people, and this consensus will be transformed into participation and hold up greater value.