Golden Morning Post | Ethereum is expected to be vigorously adopted by institutions after merger

Headlines

ETHW Officially Releases Bifurcation Time and Primary Network Handover Information

On September 13,EthereumThe workload proves that the branching chain ETHW officially released the branching time, that isEthereumDeploy within 24 hours after the merger. According to ETHW main network social media account@Ethereum PoW disclosed that an announcement will be made one hour before the forked network is started. After that, the chain ID of ETHW will be switched to 10001, and the final code, configuration file, binary file and other important materials (such as node data, RPC and resource manager information) will take effect. In addition, in order to provide enough time for chain ID switching, the ETHW main network will be online at the specified time after 2048 empty blocks are processed, which means that the first ETHW block containing transactions on the main network will be Merge block+2049.


    quotation

    As of press release, according toHuobi Global data shows:

    BTCThe recent transaction price is 21800.95 dollars, up or down+0.75% within the day;

    The latest transaction price of ETH is 1761.84 US dollars, up or down -0.70% within the day;

    BNB recently traded at US $295.15, up or down -0.73% within the day;

    XRPThe recent transaction price was USD 0.3554, up or down by - 0.80% within the day;

    ADAThe recent transaction price was US $0.5089, up or down -0.99% within the day;

    SOLThe recent transaction price was US $34.88, up or down by -0.61% within the day;

    DOTThe recent transaction price was US $7.69, up or down by -1.56% within the day.


    policy

    Chairman of the Agriculture Committee of the United States Senate: the bill to expand the power of CFTC encryption will be voted soon

    Golden Finance Report, Debbie Stabenow, chairman of the U.S. Senate Agriculture Committee, said that she would soon hold a committee vote on her cryptocurrency market legislation. The Michigan Democrat said that a full Senate vote, the next step for the bill to become law, may take place before the end of this Congress. (The Block) It is reported that Stabenow is promoting a bill to formulate new rules for the encryption industry, recognizing that the expertise and experience of the U.S. Commodity Futures Trading Commission (CFTC) has made it an appropriate regulator of the digital asset commodity market.

      Officials of major countries in the euro area: digital euro must be private and environmentally friendly

      Golden Financial Report, a document written by officials of major countries in the euro area shows that digital euros should protect people's privacy, be environmentally friendly, and may be subject to the upper limit. The document said that the digital euro should not replace cash, but should complement the means of payment of the private sector, such as the digital currency issued by commercial banks. The document added: "The digital euro needs to take into account financial privacy. In general, the identity of the payer and the payee cannot be disclosed to the central bank or a third-party intermediary that is not involved in the transaction, unless in accordance with EU law." In addition, these officials seem to agree with the proposal of Fabio Panetta, member of the Executive Committee of the European Central Bank, that people can be restricted from holding CBDC by lowering interest rates or hard caps to prevent funds from flowing out of the traditional banking system.

       ❑ US Treasury sanctions cryptocurrency addresses related to Russian paramilitary organizations

      Golden Finance reported that the US Treasury Department added five cryptocurrency addresses on its sanctions blacklist on Thursday, all related to a Russian entity called "Task Force Russia". Telegram records show that at least four addresses are related to a military hardware crowdfunding activity to help pro Russian forces. (CoinDesk)


              Blockchain application

              ⑸ Shenzhen has officially launched 1.05 million digital RMB application scenarios and opened 26.71 million digital currency wallets

              Golden financial news: By the end of August 2022, 1.05 million digital RMB application scenarios had been officially launched in Shenzhen, 26.71 million digital RMB wallets had been opened, and the total transaction amount reached 18.4 billion yuan. It is understood that since the end of 2019, the Shenzhen People's Bank of China has actively promoted the pilot work of digital RMB R&D in Shenzhen, and assisted in the construction of Shenzhen's "legal digital currency pilot zone". (Securities Times)


                      Cryptocurrency

                      ❑ The total value of deposit contracts in ETH 2.0 has reached a record high

                      The golden financial report, Glassnode data shows that the total value of ETH 2.0 deposit contracts has just reached a new historical high of 13736885 ETH.

                      ❑ US Treasury sanctions cryptocurrency addresses related to Russian paramilitary organizations

                      Golden Finance reported that the US Treasury Department added five cryptocurrency addresses on its sanctions blacklist on Thursday, all related to a Russian entity called "Task Force Russia". Telegram records show that at least four addresses are related to a military hardware crowdfunding activity to help pro Russian forces.

                        ❑ Old Mutual, a South African financial services group, has been appointed as the manager of cash reserves of ZARP stable currency project

                        Gold Finance reported that Old Mutual, one of the largest financial service groups in South Africa, has been appointed as the manager of the cash reserve of the ZARP stable currency project. The founders of stable currency hope that the appointment of one of the country's oldest financial services companies will help to enhance confidence in digital currency. According to Mybroadband, the stable currency created by Simon Dingle and Kenny Ings in 2021 has always been the only stable currency in South Africa approved and audited by the bank. The report added that the addition of Old Mutual is expected to improve the credibility of cryptocurrencies.

                          ❑ After the merger of Ethereum, the prices of some GPUs fell sharply by nearly 40%

                          Golden Finance reported that with the successful completion of Ethereum merger, the demand for GPU mining machines seems to have shrunk, and a large part of the mining market will no longer pay attention to GPU. At present, the price of some GPUs has also dropped rapidly. The RTX 3080 10GB Founders Edition model on the eBay platform sold for more than $750 in the middle of June, but now it has fallen to the range of $500-600, with a price drop of 39%.

                            ❑ Poloniex announced that it would choose Ethereum Fair (ETF) as the main chain of ETHW tokens

                            On September 15, Poloniex released the Announcement on the Renaming of Ethereum Fork Tokens ETHW to ETF, saying that it decided to choose Ethereum Fair (ETF), a branch chain supported by the majority of the community and more PoW computing power, as the main chain of ETHW tokens. Poloniex will also support other forked chains and forked tokens as appropriate.

                              ❑ Tether added 1 billion USDTs on the wave field network (authorized but not issued)

                              On September 15, it was reported that according to Whale Alert data, Tether added 1 billion USD to the wave field network. In this regard, Paolo Ardoino, Tether's chief technology officer, said that Wavefield Network had replenished the inventory of 1 billion USDTs. This is an authorized but unissued transaction, which means that the amount will be used as inventory for the next issuance request and chain swap.


                              Important economic developments

                              ❑ The three US stock indexes collectively closed lower, while the S&P 500 index fell 1.13%

                              Golden financial report, US stock index closed lower collectively. The Nasdaq fell 1.43%, the SP 500 fell 1.13%, and the Dow fell 0.56%.

                                    Golden Encyclopedia

                                    Why have NFT

                                    One of the main reasons for purchasing NFT is its emotional value. In this regard, NFT is not very different from physical goods, unless the buyer is a complete utilitarian who only cares about the material value of the goods. In real life, no one buys lip gloss out of pure need. To a large extent, people buy it because of the happy feeling it brings them. The same applies to GIFs, pictures, videos or other digital assets. Another important reason for purchasing NFT is that it has value-added space, and you can earn more money by purchasing and reselling NFT.

                                    Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is only for information reference, not for actual investment advice. Please establish a correct investment concept and be sure to improve your risk awareness.