Say goodbye to 2021: the start of the golden age of crypto These big events are worth remembering

2021 is over. What are the key events and key nodes recorded in the history of crypto?

2021 will be a year full of drama and wealth for the blockchain and cryptocurrency industry. Many tokens have reached new highs this year, and the total market value of cryptocurrencies has passed US $ 3 trillion. Venue pilot program kicks off and digital renminbi steps up to become world leader in mining and foreign exchange liquidation The ebb tide, de-china is never ending El Salvador gets history using Bitcoin as fiat Bitcoin Futures ETF finally found well by US SEC ...

This year marks the start of the golden age of the crypto cycle. Hotspots such as MeMe Coins, NFT, GameFi, New Public Chain, Meta Universe, DAO, etc. explosive growth. . At the same time, the potential lack of Crypto genes has been recognized by more and more funds, up $ 30 billion more than last year in total.

2021 is over. What are the key events and key nodes recorded in the history of crypto? PANews starts with history, examines the latest industry trends, and has everyone watching industry events each year.

Retail investors battle Wall Street and the WSB effectStart encryptionNana

In January of this year, the "air war of the century" erupted between Wall Street traders and short sellers. The reason is that when GameStop (GME) was on the move, short-haired Citron claimed on Twitter that GME stock would soon drop to $ 20 a share. WallStreetBets (WSB) has created a small army to buy more GME shares. Through the efforts of a long-term investor and company, GME's stock prices have risen more than tenfold, leading to weight loss in Wall Street institutions such as Citron and Melvin Capital.

The war, which began with GME stock prices, is similar to the stock market protests on Wall Street. The impact of the WSB has spread to cryptocurrencies, and while Dogecoin has repeatedly claimed fake WallStreetBets accounts, the price has increased several times a day. In addition, the cryptocurrency community has been asked to work together in order to achieve the goal of meeting the goal. rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at rupture at Pause until equilibrium until equilibrium until equilibrium until stopped until stopped until stopped until stopped

Wall Street organizations prevent a trader from purchasing interrupt products and block the WallStreetBets server with methods such as "disconnect the network", "remove the code" and "shut down the servers".

“Plus” digital RMB pilot: from experimental recording to multiple interconnections

In November 2019, Central Bank Vice President Fan Yifei announced that the digital renminbi had started to complete the high-level process, design, research and development, sharing of debugging and experimentation, and the next step is to make the right choices. Ongoing support for laboratory, emergency and support services, digital fiat currency and claims filing. By 2020, the digital renminbi test will be called "4 + 1", and indoor closing tests will be carried out in Shenzhen, Suzhou, Sheng'an New District, Chengdu and at the upcoming Winter Olympics.

From 2021, after many years of research, development and experimentation, the digital renminbi will launch the digital renminbi red envelope pilot in Shenzhen, Suzhou, Beijing and Chengdu, and some digital renminbi funds may be sent. to a personal yuan wallet. In the form of red envelopes, usually by drawing lots. Individuals can be selected from selected merchants in a timely manner. In addition to expanding groups and usage events, "Dual Offline" was also launched to test the simultaneous operation of payments such as "One Touch" and the Renminbi digital system.

Tesla builds cars, estimates coins, and buys $ 1.5 billion in Bitcoin.

In February of this year, Tesla announced that it had purchased around $ 1.5 billion worth of Bitcoin and would soon begin accepting Bitcoin as a payment method for cars and other purchases. Affected by this, Bitcoin skyrocketed in no time. According to Tesla's Q1 and Q2 financial data, the average price of Bitcoin is around $ 29,306.

However, Tesla CEO Musk said Tesla should not accept Bitcoin payments due to concerns about the use of fossil fuels in Bitcoin mining. Musk later reiterated that Tesla does not sell bitcoin. According to third quarter financial data, Tesla's Bitcoin holdings are valued at around $ 1.26 billion.

Musk's “back side” immediately sparked outrage and criticism from the crypto community. In Tesla's monthly report with the US SEC, the company said, “The cryptocurrency market will pick up in the near future. We think about the long-term potential of digital assets such as investments and other cash. , like dogs. Coin Musk enthusiasts have also hinted that in the future Dogecoin will be able to purchase Tesla equipment.

As Musk said at the ₿ Word conference, "If bitcoin goes down, I'll lose money. I can buy but I won't sell. I want bitcoin to be successful."

Encryption out of the circle, BeepleChapter 1THE T.V$ 69 million sold

At the end of the first quarter of this year, encryption technology has reached historic times. On the evening of March 11, at Christie's Store, Matakovic, founder of NFT Money Metapurse, won the "Every Day - First 5000 Days" contest from famous author Beeple for $ 69.35 million. This work, which consists of approximately 5,000 paintings, is an artistic NFT that Bipple insists on a single work per day commemorating 5,000 days of continuous production from May 1, 2007.

The first digital art project sponsored by a major retailer, it made Beeple the third best artist after Jeff Koons and David Hockney. And in this auction

In addition to "Everyday - First 5000 Days", data from CryptoArt.io shows that Beeple has sold 1,351 works of art worth over $ 170 million.

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Coinbase's successful listing on NASDAQ, the first cryptocurrency trading platform tested in the U.S. public market, not only reflects the perception of crypto assets in existing markets and respect for regulators, but also opens the door to worldwide cryptocurrency compliance. .

In fact, Coinbase is a business model in terms of market compliance. In terms of licensing, Coinbase has invested heavily in acquiring large applications and licenses and has set up a set of digital assets to comply with payment licensing, licensing and licensing. , brokerage firm, and more. On the trading side, Coinbase uses the real online exchange, the risks of the project are large and small, and other trading platforms have launched IE0 and other gameplay.

However, registration is not the end of Coinbase. According to founder Brian Armstrong's plan, the exchange is only the first step in building the Coinbase ecosystem, and the proceeds from the exchange will be used to further develop and invest in the next phase of repairs and repairs. investments, ultimately making $ 1 billion. . . will target people in a niche in China's financial openness.

Municipal trend of China's mining industry: a full strike, mining enterprises "Go to the sea"

In the Bitcoin-speaking Chinese race for power, China has taken a step back from the level of history and the West has benefited more. In May this year, the 51st meeting of the State Council's Committee on Finance and Development called on the government to crack down on bitcoin mining and trading and fully protect personal risks by referring to the relationship. Subsequently, the governments of Inner Mongolia, Qinghai, Xinjiang, Sichuan, Jiangsu, Zhejiang and Yunnan, one after another, began to investigate and put an end to the illegal activities of cryptocurrency mining.

Affected by this, many miner service providers such as Lebit, Huobi Mining Machine, Bit Deer, and Mars Cloud Mine have blocked intellectual property in China and announced that they will provide related services such as hosting services. minors. At the same time, these mines began to move overseas, including regulations in Europe and North America resting and electricity being cheaper.

El Salvador, the first country in the world to pass a bitcoin law, takes the lead on 'eating crabs'

El Salvador is the first country in the world to announce that it will use Bitcoin as a fiat currency. El Salvador recognized Bitcoin as El Salvador's fiat in September after passing its fiat law in June of this year. This means that Bitcoin will have a similar situation to US dollars in El Salvador, and residents will be able to use Bitcoin to pay for goods, services, and pay taxes.

With the law in place, El Salvador created $ 150 million in trust and developed Bitcoin and Bitcoin ATM wallets. In addition, El Salvador plans to build its first Bitcoin city, announcing a $ 1 billion Bitcoin deal on Bitcoin sidechain Liquid, building a Bitcoin city infrastructure, and launching more Bitcoin. I plan to buy. So far, President Naive Bukele has made several announcements regarding the purchase of Bitcoin.

But El Salvador's decision also led to instability, for example, the World Bank believes that cryptocurrencies are not transparent, harm the environment and will not help El Salvador create fiat currency. .

Ten roles and councils have been involved in the “fight” against virtual reality.Huobi and other exchanges eliminate all Chinese users

On September 24, 10 agencies and working groups, including the People's Bank of China, jointly convened the "Notice on Prevention and Management of the Risks of Hyper-Advertising in Virtual Currency Exchange." financial and financial judgments, games of chance and financial irregularities. , fraud, pyramid schemes, money laundering and other crimes and crimes against human security. To prevent and further deal with gambling risks in virtual currency exchanges and to ensure national security and community safety, the report is a virtual currency exchange, virtual currency participants, comparing services for transactions virtual deposit tokens. , virtual currency Trading virtual currencies, like trading in currency derivatives, is completely illegal and is strictly limited and restricted by law. It is also a financial crime on the Internet.

At the same time, in response to performance measures to combat the hype of the virtual virtual market, the "report" indicates that one is to establish a good working environment for the cooperation of departments and interconnections between the central and the local, and the second is to promote surveillance and supervision. I do. Early warning of the risks of virtual currency trading, the third is to establish speculative protection and operation against the speculative risks of multi-level virtual currency trading.

Under the auspices of “No Dead Ends,” Binance, Huobi, Spark Pool, BHEX, DeBank, and TokenPocket were announced after the shutdown or restrictions on users in China, including exchanges, pools, and wallets. Among them, Huobi Warriors not only restricted financial transactions for consumers in China, but also removed the CNY OTC sector from the list, breaking their wrists and forcing consumers to help themselves in China. Since then, "deinization" has become a major difference, from mining and accounting powers to the economy under the strong supervision of primary and secondary industries.

First US Bitcoin Futures ETF Approved Listing

After years of trial and error, the U.S. SEC has finally approved the first Bitcoin Futures ETF (BITO) issued by CFO ProShares in October. The ProShares Bitcoin Strategy ETF has been registered with the US Commodity Futures Trading Commission (CFTC), trading, modeling and deciding future Bitcoin futures contracts. The main investment strategy is to manage the impact of Bitcoin futures contracts to raise capital to increase value. However, do not invest in Bitcoin directly.

In other words, the announcement of the Bitcoin Futures ETF means that Bitcoin's membership in the United States has made significant gains and has also reduced the capitalization of investments, allowing investment companies to already exist and investors to buy directly on the stock market. , to improve additional investment capital for the crypto industry.

BITO's volume market on the first day of registration exceeded $ 1 billion, which is higher than the volume market volume of major ETFs such as gold, silver and oil on the first day of publication. In addition to BITO, the Bitcoin Futures Exchange Traded Fund (XBTF) of investment firm VanEck and Bitcoin Futures ETF (BTF) of real estate hedge VanEck have also agreed. However, the US SEC has yet to accept the Bitcoin ETF application from WisdomTree and Valkyrie.

Attitude reversal, US CongressStart signals compatible with cryptography

In contrast to past hostility to cryptocurrencies, the US Congress recently turned to the headline “The Future of Assets and Finances: Understanding the Nation's Challenges and Benefits. American Economic Transformation ”or Bipartite Importance, Reasonability, and History. .

During the five-hour hearing, the management of the Circle Stability Issuer, the Coinbase and FTX cryptocurrency exchange, the BitFury bitcoin miner, the Stella Development Foundation cryptocurrency payment system and the blockchain company Paxos have come under surveillance. . from four angles.

In addition to the issue of cryptocurrency price volatility, lack of data disclosure, and Bitcoin's energy consumption, lawmakers have presented a positive view on the cryptocurrency market and have decided that the current review was completed and recommended the following to physicians. Develop your own industry. Among them, Congressman Patrick McHenry also said: “The impact of cryptocurrencies on the future will be greater than on the Internet. How can we guarantee that the Web3 revolution has taken place in the United States? only limit America's ability to innovate and make America less competitive, ”wrote Patrick McHenry.

In 2021, the crypto industry has grown from a carousel to a global one and has grown into one of the largest in the world. By 2022, crypto has seen tremendous growth in the birth of metaverse, Web3.0, DAO, etc., and the golden age of cryptocurrency has begun.