Bitcoin has become a unique hedging tool in the current macro-economy

Travis Kling: Bitcoin has become a unique hedging tool in the current macro economy_Whatsminer dealer

Travis Kling, chief investment officer of Ikigai Asset Management, told CNN recently that he believes Bitcoin has become a unique hedging tool in the current macroeconomic environment. Bitcoin's nature makes it a special "insurance policy" to prevent global central banks and governments from doing nothing in monetary and financial terms. (Cointelegraph)

The BTC is shaking around $10,200, with the mainstream currencies outperforming the BTC.

BTC rose in the morning, once stood at $10300, and fell in the morning. It is now shaking around $10200. The mainstream currencies perform better than the BTC, and ETH led the rise of the mainstream currencies. BTC is now trading at $10,231, down 0.57% in 24 hours.

The global digital money market has a total value of $266.040 billion (+2.33%) and 24-hour turnover of $54.3 billion (+3%). The main digital currencies are as follows: ETH provisionally reported $196.79 (+4.14%), XRP provisionally reported $0.26 (+0.05%), BCH provisionally reported $307 (+1.34%), LTC provisionally reported $72.46 (+3.41%), ETC provisionally reported $6.21 (-0.52%) and EOS provisionally reported $4.07 (+0.02%).

At least 19 central banks around the world have decided to implement quantitative easing to encrypt currencies and so on.



Because of the global economic slowdown, at least 19 central banks and regional financial regulators announced that they would implement quantitative monetary easing policies, such as drastic interest rate cuts. According to economists'analysis, the current global economy may be worse than the 2008 financial crisis. This situation has warmed up since the beginning of 2019. More than half of the economists of the National Association of Business Economics (NABE) believe that there will be a recession by 2020. The macroeconomic storm is only a matter of time. With the end of the year approaching, many economists believe that there will be a recession by 2020. The central bank has started a wave of interest rate cuts. It is reported that the countries that have indicated the implementation of quantitative monetary easing policy are Japan, the United States, Europe, South Korea, Russia, India, Thailand, England, Australia, New Zealand, Brazil, Mexico, Indonesia, South Africa, Turkey, the Philippines and so on. Historically, the central bank's sharp interest rate cut is a warning signal that the economy may move towards a disturbing period. In the past, people used to hedge against inflation and devaluation of the legal currency through hedge funds such as gold. Nowadays both precious metals and encrypted currencies benefit from unstable economic prospects.

Croatia launched the first encrypted currency POS machine

Two local Croatian companies launched the first Encrypted Money POS machine in Croatia, the Adeo POS cash register. It is reported that the new payment solution, developed by Milan Horvat and Neoinfo, is a fully regulated and locally regulated encrypted payment product. (btc manager)

European Central Bank: Libra and other digital currencies have high regulatory threshold

Benoit Coeure, a member of the Executive Board of the European Central Bank (ECB), said today that some of the digitally encrypted currencies, including Facebook Libra, are untested and at great risk and require stringent regulatory measures. Stabilized currencies are largely untested, especially on the scale required to run a global payment system. Therefore, they may pose some serious risks related to public policy priorities, and the threshold for regulatory approval will be high. (Sina Finance and Economics)

The suspected PlusToken address is transferred again, basically empty, while the other address uses a similar strategy to initiate the splitting._Whatsminer dealer

Monitoring on Beijing Chain An Chain found that the suspected PlusToken related address 1Li4mUc3hCGMB6cgQiJCwTvLMYwkfKHZY8 was re-transferred and basically emptied, while the other related address used a similar strategy to start the decomposition. On September 16, at 23:08 p.m., four large-scale transfers of 3,000-3,800 BTCs were successively transferred on the same block. Their strategic characteristics were similar. Each transfer was split into about 300 new addresses. We found that the four transfers all originated from the same day's 18:15 p.m. large transfer. After several overall transfers, the large multi-address splitting mentioned above was initiated. One of the transfers is from 1Li4mUc3hCGMB6cgQiJCwTvLMYwkfKHZY8. After the transfer, the number of bitcoins at the address has been reduced to 424 and the number of bitcoins has dropped out of the megawhale account. The other three transfers all point to address 1H2zrVQxU3ymunr9CunjoActooLW2ryQK7, which can be traced back to address 14BWH6GmVoL5nTwbVxJKJDtzv4y5EbTVm, which is another address suspected to be related to PlusToken (the bitcoin on the address has been transferred to empty account), even considered the source. Address. That is to say, after 1Li4mUc3hCGMB6cgQiJCwTvLMYwkfKHZY8 has been basically cleaned up, the relevant operators have started the processing of another address. The bitcoin split by the above operation has not been further acted on. According to its past strategy, there should be further action in this week.

About 600,000 new ASIC miners have been put on line. It is estimated that the total net computing power will reach 100 EH/s by the end of the year.

Recent new highs in Bitcoin's computing power and difficulty indicate that more than 600,000 more powerful new miners have been launched in the past three months. The average power of the new ASIC miners listed on the market this summer is about 55 TH/s. They are manufactured by major miners such as BitContinent, Jianan Yunzhi, Core Motion and BitMicro. The price of each miner varies from $1500 to $2500. If calculated according to the delivery of about 500,000 miners, the turnover of the miners has exceeded in the past three months. More than $1 billion. Token Insight, in its mining industry research report, said that in the second quarter of 2019, most ASIC miners from different manufacturers were in serious shortage. New orders submitted by users would not be delivered until the third quarter of 2019 or later. It also predicted that Bitcoin's online computing power would exceed 100 EH/s for the first time by the end of the year. (Coindesk)_Whatsminer dealer

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