Bakkt launched Ethereum

1. In China, there is no formal virtual currency trading platform. So don't think about it, wash and sleep.

2. In August 2018, ice, the parent company of the New York Stock Exchange, established bakkt, the cryptocurrency futures exchange. From the announcement to the final launch, bakkt's every move affects the hearts of many cryptocurrency traders. Insiders in the instry believe that bakkt's flagship financial instruments have the potential to bring earth shaking changes to the bitcoin market in essence, especially in terms of market participants, liquidity and supply and demand trends, which are considered to be the engine driving bitcoin to a new high
in December 2018, NASDAQ announced its investment in the cryptocurrency exchange erisx. Compared with bakkt, although behind erisx are Nasdaq, CBOE, CME, fidelity and TD Ameritrade, one of the largest Internet Securities Companies in the United States, they are relatively unknown. But it was approved by the US Commodity Futures Trading Commission earlier than bakkt to launch compliant bitcoin futures
NYSE and NASDAQ are competing for the first place, and the London Stock Exchange (LSE), the largest stock exchange in Europe, is not willing to fall behind. In January 2019, the London Stock Exchange Group (lseg) announced that it would provide technology drive for atom asset exchange (AAX exchange) to enter the digital money market in a "curve entry" way.

3. Bitcoin was proposed in 2008 and was born in 2009. It can be said that it is the first generation of virtual currency. People contact with virtual currency mostly from bitcoin. Although its price has experienced many ups and downs, it is still favored by many people. If you want to trade bitcoin, investors can choose the kingdom of fields and decide whether to make a profit by judging the direction of price rise and fall. Both bullish and bearish can bring benefits.

4. Bitcoin futures trading started at the end of 2017 can be short. There is no way to short in the traditional bitcoin market. The listing of futures is the killer of such speculative financial extension procts as bitcoin. Because before it was up to make money, now it is down.

5.

Last night's bitcoin was destined to be recorded in history

at 2:00 a.m., bitcoin suddenly plummeted, rapidly falling by nearly $1500. 3: 45, bitcoin fell rapidly from $9700 to a low of $7998. This is the first time since mid June that bitcoin has fallen below $8000, the lowest level in four months

The sharp drop in the price of the currency has brought about a terrible situation in the contract market, which was full of blood last night

according to the statistics of coin data, in the past 24 hours, a total of 920 million usdt (about RMB 6.65 billion) of burst orders were added

"bitcoin crash" also appeared on the microblog hot search list again two months later

it is worth noting that a few days ago, there was news in the market that "the Central Bank of China will issue digital currency within 80 days". At a news conference yesterday (September 24), Yi Gang, governor of the people's Bank of China, said that there is no timetable for the introction of digital currency. He said the goal of digital currency and electronic payment in the future is to replace part of cash

bitcoin plummeted by more than 15% in 100 minutes

below US $8000

last night, the collapse of bitcoin shocked investors again

at 2:00 a.m., bitcoin suddenly plummeted, rapidly falling by nearly $1500. 3: 45, bitcoin fell to a low of $7998, down more than 15%. This is the first time since mid June that bitcoin has fallen below $8000, the lowest level in four months

"in terms of bitcoin, this is quite a rare event," said Qiao Wang, proct director of messari, a New York based cryptocurrency centric data and research company

so far, bitcoin has plummeted nearly 35% from the highest point of US $13355 in the year

this means that bitcoin's bull market in 2019 is in trouble

since September 2, BTC has started to collapse from a bearish downward triangle, which has been noticed by most people in the cryptocurrency twitter community

some market participants said that the decline of bitcoin was partly e to technical factors. They pointed out that the digital currency has been falling in a triangle, which is a bearish signal

ZBG CMO Lizzie of the Hong Kong digital currency exchange
Lo told the fund that a series of expectations have been digested, including the expected baktt exchange online, but the trading is flat. In addition, the institutions will make corresponding strategic adjustments,
several major institutions short bitcoin

It is reported that bakkt is one of the main catalysts for the sharp rise in bitcoin prices earlier this year. However, he further added that it is too early to see the long-term impact of this futures proct on bitcoin

as of the press release, the price of bitcoin was $8651.53, down 11.08% in the past 24 hours

and the coin circle is also full of sorrow: EOS, Ethereum, etc. all fell by more than 10%

however, Lizzie Lo said that after a round of slump,
it noticed that usdt, a stable currency, had a large premium as a ticket for investment in the currency circle, which meant that there was a lot of money on the sidelines. In the medium and long term, it believes in the consensus of bitcoin, and the downward adjustment only gives opportunities for traditional funds that had not entered the market

investors were awakened by qiangping's SMS in the middle of the night

the overall collapse of the currency circle has brought about a miserable contract market, which was full of blood last night

according to the statistics of coin data, in the past 24 hours, a total of 920 million usdt (about RMB 6.65 billion) of burst orders were added. Among them, bitcoin added 6.34 million burst warehouse receipts, about 72000
BTC; EOS added 9.79 million explosive warehouse receipts, about 36.07 million EOS; Ethereum added 10.5 million explosive warehouse receipts, about 652000 eth

some bitcoin investors said that they woke up in the middle of the night last night, received a burst SMS, and then couldn't sleep any more...

the long short ratio ranged from 2:1 to 1:1

however, there were also those who made a lot of money by shorting:

according to the triple BTC short index of ZBG platform, the short profit reached its peak at 3:30 on September 25. So far, the short index has grown by 33.5% in 24 hours

Lizzie Lo points out that at 3:30 a.m., the triple shorting index reaches its peak, which means that the most people are short at that time

under the crazy counterattack of bears, the market long short ratio was slaughtered from 2:1 to 1:1

in addition, as investors sought to close their positions in the crazy sell-off, they withdrew from the market of $30 billion within 24 hours About 213.3 billion yuan)

Yi Gang: at present, there is no timetable for its launch. The goal is to replace part of M0. It is worth noting that recently, it was reported in the market that "the Central Bank of China will issue digital currency within 80 days". At a news conference yesterday (September 24), Yi Gang, governor of the people's Bank of China, said that there is no timetable for the introction of digital currency

Yi Gang said:

I would like to say a few points about digital currency. First, the people's Bank of China has been studying digital currency since 2014. We have a digital currency Research Institute and a special team, and we have made positive progress. We combine the central bank's digital currency and electronic payment tools, so it is called a package of digital currency and electronic payment

Second, what are the goals of digital money and electronic payment in the future? The goal is to replace a part of M0, that is, to replace a part of cash. It does not mean to replace M1 or m2

Third, the future framework of our digital currency is a two-tier operation system of the central bank and commercial banks, which will not change the current money supply path and system, so as to fully mobilize the enthusiasm of the market

Fourth, we will adhere to the centralized management, do not presuppose the technical route in the research and development work, we can choose the best in the market through fair competition, we can consider the blockchain technology, we can also adopt the new technology evolved from the existing electronic payment, fully mobilize the enthusiasm and creativity of the market, we have also set up a mechanism compatible with the incentive mechanism of market institutions. As for when you ask, we don't have a timetable. I think there will be a series of research, testing, pilot, assessment and risk prevention. Especially if digital currency is used across borders, there will be a series of regulatory requirements such as anti money laundering, anti terrorist financing, anti tax haven and "know your customer"

- for more data, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute