In September, the business intelligence company MicroStrategy purchased more than 2.5 billion US dollars of Bitcoin as reserve assets, and then in December announced the issuance of 400 million US dollarBitcoin price CADs of convertible bonds (eventually issued 500 million US dollars of convertible bonds), betting on Bitcoin.
Of course, Tether is not the only arbitrageur. But withdrawing $600 million from Bitfinex in such a short period of time is still a bit unimaginable. Therefore, if Tether does this, it will buy USDT at a discount in the market and reclaim these tokens. This is normal market behavior. When a listed company believes that the market has underestimated the value of its shares, it will choose to buy back shares. And Tether's behavior is no different from stock repurchases.
Of course, things are slowly changing. With the turmoil of Facebook's main push Libra this year, the accelerated launch of legal digital currencies in various countries and the increasing correction of the blockchain industry have become an irreversible trend. The interest in encrypted digital assets around the world has also increased, and the entry channels for mainstream investors and institutional funds have been further improved and grown.
According to DeepTech’s on-site direct attack, the “VR meeting” of “meeting on a narrow road” was launched under the auspices of Antony Lewis, research director of blockchain startup R3. The topic of the conversation was “Fundamental Value of Cryptocurrency and its Sustainability” (Fundamental Value of Cryptocurrency and its Sustainability) . However, in this 40-minute conversation, the two people rarely had eye contact, and the content of the conversation also lacked consensus.
In 2019, the Lightning Network business and infrastructure grew steadily. Pickhart said he hopes that all these investments will not detract from basic research on the agreement itself. There is no doubt that seed investments and a series of investments are good, but if these funds are used to build products on a frustrating network, then these funds are irrelevant.
PanteraCapital, a hedge fund, recently released an analysis report on the initial Bitcoin price CADcoin offering (ICO) market based on the year-end market updates, including some information related to the company. It is worth noting that the report was written by Joey Krug, co-chief information officer of Pantera Capital and founder of Augur (REP).
When S2F increases, its market value will also increase, because all points are arranged in a diagonal line (distribution room note: the left picture in Figure 3), this is called "linear relationship", you can use statistical techniques, For example, test based on "ordinary least square method" or OLS. As shown in the figure, the relationship between Bitcoin's S2F ratio and market value is indeed significant. According to this model, 97% of the historical price of Bitcoin can be explained by its S2F ratio. PlanB uses a cross-validation model for the S2F ratio and market value of silver (gray dot) and gold (yellow dot). It is found that the two are consistent with the model price, and this relationship may also apply to early signs of all assets.
In the context of the Internet of Things, each sensor may obtain tokens or consume tokens when interacting with other machines. Our approach should not be to open an account corresponding to the legal currency for each sensor. At this time, we should design machine-specific wallets and tokens.