CoinDigger Asia, North Vancouver, BC (2026)

06/16/2023

Recently, Changpeng Zhao CZ, the founder of cryptocurrency trading platform Binance (CZ), has received widespread support and encouragement in the face of legal challenges. This support reflects people's recognition of CZ's ability and Binance's important position in the cryptocurrency industry, and hopes that he can successfully pass through this difficult time.

The founder of Binance, CZ is known for his innovative leadership style and unique insight into the cryptocurrency industry. His hard work and talents have made Binance one of the largest cryptocurrency trading platforms in the world, attracting the trust of millions of users.

The legal challenge is a major test for both CZ and Binance. The legal challenge seeks to clarify Binance's compliance with financial regulations and regulations, especially when it comes to issues such as securities trading. Despite facing these allegations, CZ insisted on Binance’s legal compliance and took aggressive measures to deal with it.

Binance users and partners have expressed their support and encouragement for CZ. They believe in CZ's leadership and commitment to Binance, and wish him well through this difficult period. People are optimistic about the importance of Binance as a leading cryptocurrency trading platform and the development of the industry.

Despite legal challenges, CZ has shown tenacity and determination as the founder of Binance and actively pursued solutions. He works with the Binance team to continuously improve the platform's compliance measures to ensure that users' trading environment is safe and legal.
近日，加密货币交易平台币安（Binance）的创办人赵长鹏CZ在面对法律挑战时获得了广泛的支持和鼓励。这种支持体现了人们对CZ的能力和币安在加密货币行业中的重要地位的认可，并希望他能顺利度过这一困难时刻。

币安的创办人，CZ以其创新的领导风格和对加密货币行业的独特洞察力而闻名。他的努力和才能使币安成为全球最大的加密货币交易平台之一，吸引了数百万用户的信赖。

法律挑战对CZ和币安来说都是一个重大考验。法律挑战旨在澄清币安在遵守金融监管和法规方面的情况，特别是涉及证券交易等问题。尽管面临这些指控，CZ坚持币安的合法合规性并采取积极的应对措施。

币安的用户和合作伙伴纷纷表达对CZ的支持和鼓励。他们相信CZ的领导能力和对币安的承诺，并希望他能顺利度过这一困难时期。人们对币安作为领先的加密货币交易平台的重要性和对行业发展的看好。

尽管面临法律挑战，CZ作为币安的创办人展现了坚韧和决心，并积极追求解决方案。他与币安团队共同努力，持续改进平台的合规措施，确保用户的交易环境安全合法。

06/13/2023

The world's largest cryptocurrency exchange said on Twitter on Monday (12th) that it will exchange 750 million Tethers issued by the Tron blockchain for Tethers on the Ethereum blockchain to maintain The flow of stablecoins. The move comes as the exchange comes under renewed scrutiny from regulators and could help cushion the blow from the latest blows.

Binance tweeted that the swap will begin after 12:00 noon US time on Monday and will be conducted directly by the Tether team.
Tether is the largest stablecoin (USDT) pegged 1:1 to the U.S. dollar, while Tron is the ninth largest cryptocurrency with a market cap of $6.3 billion, and Ethereum is the largest cryptocurrency after Bitcoin with a market cap of $210 billion.

The U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao last week. The agency filed 13 charges, alleging that Binance was involved in "internet fraud," artificially exaggerating transaction volumes and transferring customer funds, and that Binance and Changpeng Zhao also secretly controlled US entities, but publicly stated that they were independent.
After the SEC asked the court to freeze Binance assets, Binance said it would stop dollar withdrawals as soon as June 13. At the same time, the online trading platform Robin Hood (HOOD-US) said after the above-mentioned incident that it would delist three cryptocurrency tokens from its platform, and the SEC identified the three tokens as securities in the lawsuit against Binance.

In March of this year, the SEC charged the TRON Foundation and founder Justin Sun with allegedly illegally selling securities, defrauding and manipulating the market. A month later, Binance US said it would remove the digital asset TRON from its trading platform.

Before the deadline, Ethereum fell 0.9% in 24 hours to $1,735.62; TRON fell 1.5% to $0.0705; Binance Coin fell 1.2% to $233.56.

06/04/2023

Trading volumes on cryptocurrency exchanges, including Coinbase (COIN-US) and Binance (Binance ), hit a 31-month low in May despite gains in the price of bitcoin and other cryptocurrencies A bull market is no longer enough to get the average person excited enough to take a trade.

Coinbase (COIN-US) saw $26.9 billion in spot market volume in May, compared with $439.5 billion across cryptocurrency exchanges, the lowest volume since October 2020, according to The Block.

Binance, the largest cryptocurrency exchange, saw $218 billion in trading volume in May, the lowest since November 2020. In the spot market, cryptocurrency transactions are delivered immediately, and there are also some exchanges that have a relatively strong cryptocurrency derivatives business.

Despite the recent rise in cryptocurrency prices, trading volumes on cryptocurrency exchanges have been down for months, with bitcoin, for example, up 63% year-to-date to around $27,000, while the overall cryptocurrency market is up 44%. But since May, cryptocurrency prices have tumbled, with bitcoin down about 7.5 percent.
The decline in transaction volume is not good for Coinbase, as its main business is still retail transactions. In order to diversify its revenue sources, Coinbase opened up investors to pledge currency in exchange for income, and also announced an overseas derivatives exchange for institutional investors. As interest rates rise, Coinbase is increasingly profiting from its stablecoin reserves.

Mizuho analyst Ryan Coyne said that despite adding these revenue streams, Coinbase is still largely dependent on retail traders, at least for now, but the market euphoria and fear of missing out (FOMO) previously seen has disappeared, so he gives the stock "" Underperform" rating.

Coinbase did not immediately respond to a request for comment. Coinbase shares rose 1.54% on Friday (2nd) to close at $64.55 per share, up more than 82% so far this year.

It's unclear why popular enthusiasm for cryptocurrencies has waned, but at least one event could change that: the block halving.

The analyst report of JPMorgan Chase pointed out that the halving of the Bitcoin block is one of the most anticipated events in the encryption field. Interest in Bitcoin, as this event occurs approximately every 4 years, has always stimulated interest in cryptocurrencies and thus prices.

However, unless there are other catalysts, these 11 to 12 months may be the dark ages for Coinbase investors.

05/11/2023

How to Set Your Personal Financial Goals
When it comes to goal setting, it's important to use the widely recognized SMART methodology, which stands for Specific, Measurable, Action-Oriented, Actionable, and Time-Bound.
Personal financial goals need to be specific and measurable. Saving $1,000 a month is a specific and measurable goal, while you say you'll save "some" money is not. These goals also need to be action-oriented. For example, limiting your monthly spending to 50% of your salary will get you to take action, but "I want to be rich" is too vague a goal to be action-oriented.
It is also crucial to set goals that are achievable and have specific time frames. A common approach is to organize your goals in terms of short-term, medium-term, and long-term goals.
Short-term goals can be accomplished in a few months or a year, medium-term goals (such as becoming debt-free or saving for an education fund for your children) can be as long as five years, and long-term goals (such as buying a property or investing in a retirement fund) can be longer than five years.
It's good practice to always stick to deadlines for your financial goals. Growing your portfolio to $10,000 by the end of 2023 is more likely to motivate you than the same goal with no deadline. Also, if you have multiple financial goals, be sure to plan and prioritize carefully.
For example, if you want to buy a property in 10 years, you can take a step back and start saving for a $200,000 down payment to determine how much you need to save each month.
Strategies to Achieve Financial Goals
There are two main ways to achieve your financial goals: reduce expenses and increase income.
reduce spending
Track your spending: Before you start cutting back, you need to know where your money is going. Monitor your spending habits for a month and record all expenses.
Create a budget: Manage your money better by setting limits on your spending by adjusting your spending habits and reducing unnecessary expenses.
Live within your means: Spend less than you earn; stick to a budget that will help you avoid overspending. Also, try to avoid impulse purchases. It's tempting to shop on the go, but wait at least 24 hours before making a decision.
Ongoing Savings: Make sure to save a certain percentage of your income each month. For example, you could set a goal to save at least 10% of your monthly salary.
increase income
Interest-bearing savings: Maximize the value of your savings by depositing your savings into an interest-bearing savings account.
Side Hustle: If your main job allows, find a part-time job to generate extra income. You can explore the gig economy or even start your own business. If you have a hobby, think about how you can monetize it.
Passive Income: Passive income is income that can be earned without actively working. This type of income usually comes from investments such as cryptocurrencies, forex, stocks and bonds. Other types of passive income include royalties and rental income from intellectual property rights.

04/29/2023

Ethereum 2.0 is an established plan to solve the current network performance bottleneck of Ethereum, and is committed to greatly improving the scalability and performance of the Ethereum network without reducing decentralization. In order to achieve this goal, it has set four development stages. The first three stages adopt the PoW model, and the fourth stage will complete the transformation from PoW to PoS, as well as important upgrades such as sharding and replacing EVM with eWASM. The final form of Ethereum. The Ethereum 2.0 network introduces fragmentation to improve network scalability and processing capabilities, and the beacon chain is the "command and control center" of the entire Ethereum 2.0 network.

Its latest roadmap shows that the main node beacon chain of the fourth phase of Ethereum upgrade is online, "merged", and sharded. At present, the beacon chain has been launched in December 2020. Since then, the beacon chain has operated in the form of PoS. The process of generating blocks at the ex*****on layer is still carried out by the original chain in the form of PoW. Ethereum has entered a stage of PoW+PoS hybrid mining , paving the way for the transition of the entire network to PoS.

The beacon chain is online, the Staking function is enabled, and users can deposit their own Ethereum on the Ethereum 2.0 network. People can lock (stake) 32 ETH in the software to become validators and participate in verifying transactions to ensure the decentralization and security of the network. In return, stakers will be eligible for ETH rewards. This part also leads to less POW mining rewards.

As of July 29, the beacon chain is running smoothly. The data on the chain shows that the Beacon Chain already has about 411,000 nodes, with a total pledged total of about 13.132 million ETH, of which the effective voting participation rate reached 99.83%. In addition, since October 15, 2021, the number of nodes and the total amount of pledges have grown steadily, and the daily income of validators is also growing slowly. Currently, the daily rewards of the beacon chain are about 110,000 ETH.

04/28/2023

The mining node computer has to do two tasks when mining:
The first task is to assemble the unconfirmed transactions in the Bitcoin network into candidate blocks according to the Merkle tree, and the unconfirmed transactions will be postponed downwards.
When creating a candidate block, in addition to ordinary transactions, miners add a special transaction: coinbase transaction (coinbase transaction). If the mining is successful, the currency base transaction will transfer the reward bitcoins of the new block out of thin air to the miner's wallet address, thereby issuing these bitcoins. This particular transaction is also known as a "coin creation transaction" in which new bitcoins are created.

The second task of the mining node computer is real mining, which is to perform encrypted hash calculations, solve a computational problem, and compete for computing power. Among the many nodes competing for bookkeeping rights, whoever completes this calculation first will add the block it packs to the end of the blockchain and become the latest block. The miner who completes the calculation first will win the mining reward of the new block. Initially, miners can get 50 bitcoin rewards for successfully digging out a block. According to the rules, this mining reward is halved every four years, respectively 25, 12.5, and so on.

04/26/2023

The merger of Ethereum (The Merge) was completed at 2 pm today (15th), which means that the consensus mechanism of Ethereum will be changed from the proof-of-work (PoW) mechanism to the proof-of-stake (PoS). After the merger, nothing on the Ethereum network (accounts, balances, smart contracts, state, etc.) will change, only PoW is replaced by PoS The merger of Ethereum is also good news for gamers, because after changing to Proof of Stake, the demand for mining will drop. Relatively, miners will not need so many GPU graphics cards, and the price of graphics cards will also fall accordingly. In addition, in addition to using less energy costs, the proof-of-stake consensus can also make the entire operation easier, further achieving decentralization and improving security.

04/22/2023

The "grid trading" robot helps to continuously arbitrage and make money in a fluctuating but long-term rising trend, and can set a stop loss, so that on the one hand, you can enjoy rising waves, and on the other hand, you can reduce risks. Before trading, you must first understand what "grid trading" is. This strategy originated from Claude Shannon, the father of information theory. Shannon made this investment theory into a mathematical model, using historical data to return According to the test, I found that the rate of return of my model reached 29% annual compound interest growth. Shannon initially applied the strategy to stock investment. The whole strategy roughly consists of the following three steps: Buy stocks with 50% of the funds at any price, and the cash-to-stock ratio is 1:1. When the cash price rises by a certain amount, part of the stocks will be sold; if the stock price falls by a certain amount, additional funds will be used to buy part of the stocks, and the cash-to-stock ratio will always be maintained at 1:1. Use this strategy to cope with the random movement of stocks and achieve long-term profits. Before using "grid trading", investors must understand the concept that short-term ups and downs are random and difficult to predict, and most of the time they fluctuate sideways. And "grid trading" is to try to buy low and sell high. When the stock price rises, it keeps selling to cash out, and when the stock price falls, it keeps buying stocks.

04/18/2023

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04/17/2023

WHAT IS PROOF-OF-STAKE (POS)?

Proof-of-stake underlies certain consensus mechanisms used by blockchains to achieve distributed consensus. In proof-of-work, miners prove they have capital at risk by expending energy. Ethereum uses proof-of-stake, where validators explicitly stake capital in the form of ETH into a smart contract on Ethereum. This staked ETH then acts as collateral that can be destroyed if the validator behaves dishonestly or lazily. The validator is then responsible for checking that new blocks propagated over the network are valid and occasionally creating and propagating new blocks themselves.

Proof-of-stake comes with a number of improvements to the now-deprecated proof-of-work system:

better energy efficiency – there is no need to use lots of energy on proof-of-work computations
lower barriers to entry, reduced hardware requirements – there is no need for elite hardware to stand a chance of creating new blocks
reduced centralization risk – proof-of-stake should lead to more nodes securing the network
because of the low energy requirement less ETH issuance is required to incentivize participation
economic penalties for misbehavior make 51% style attacks exponentially more costly for an attacker compared to proof-of-work
the community can resort to social recovery of an honest chain if a 51% attack were to overcome the crypto-economic defenses.

04/14/2023

【Analysis of cryptocurrency strength indicators】
A total of ten gears of powerful signs stretched out yesterday (4/5): ICX, SXP, LINA, DOGE, IOTX, STG, ZRX, LQTY, RUNE, CELO. The best performer was ICX, which rose by 25.68% to the intraday high. In addition, ZRX, STG and LINA all rose by more than 10%. However, on the whole, after the opening of the market in the morning, it began to fall all the way. Based on the daily opening valuation, there are only ICX and RUSTG.
At the end of last year, it was mentioned that there is a high probability that this year will be an astonishing increase in the market, but most people only dare to look at the first stage of the rebound from the low point, and the consolidation range will be large. To sum up for many months, ETH It's already almost 2000🤷🏻‍♂️The low point has risen by more than 100%. In fact, some people still say that his rise is unhealthy

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