Bitcoin mining competition reaches all-time high

Musk said he is looking for multiple potential investors to form a group to privatize Twitter, and will announce the acquisition plan in the near future. Sources believe that Musk will cooperate with Silver Lake Capital because the co-founder of Silver Lake helped Musk complete the privatization of Tesla in 2018. Twitter has launched a "poison pill plan" to prevent Musk's hostile takeover. The plan shows that once a single shareholder exceeds 15% of the equity, the company will be able to issue a large number of low-priced stocks to ensure the control of the original shareholders of the company and dilute and dilute the capital of new shareholders. The plan is valid for one year. Although Musk is already the largest shareholder of Twitter, it is still difficult to completely privatize and dominate. Let's see how the world's richest man will perform later. In the capital market, as long as there is money, anything can happen.

The Russian Ministry of Finance is drafting a new bill on cryptocurrencies, which will be used as a legal means of payment and as an investment, but will not become legal tender in Russia. With sanctions to a certain extent, cryptocurrency must be one of Russia's good choices. If such a giant is fully supported, the demand will surge and it will gradually decouple from the US stock market.

Dutch travel company Taylor Travel is accepting Bitcoin and other cryptocurrencies as payment, a move that is growing in popularity.

Competition in the Bitcoin mining industry has reached an all-time high. On the one hand, network fees continue to approach historical lows, and on the other hand, computing power continues to reach new highs. The workload of the mining industry is now equivalent to 8 billion humans guessing 15.5 trillion hash values ​​every 10 minutes. It can be seen how volatile the mining industry is. However, due to the continuous rise in Bitcoin prices, the current income of miners is still 40% more than in the 2018 bear market. Therefore, the mining industry still has the strength to continue to grow, which also represents the prosperity of the industry and the security of the Bitcoin network.

The El Salvador Bitcoin Bond will be passed within 1-2 weeks and will be implemented soon. In this way, it will be difficult to sell the Bitcoin held by El Salvador, adding new members to the army of long-term Bitcoin holders.

The number of coins held for more than one year hit a record high, reaching 63.7% of the total supply. The circulation pool of Bitcoin is getting smaller and smaller, which means that after enough fluctuations, the future direction will be upward.

Data shows that 1 million Australians own cryptocurrencies. This is not a large number and there is still room for growth, which is a good thing.

A Bitcoin poster appeared at Zurich Airport in Switzerland, saying that the best performing asset in the past decade is: Bitcoin. It is an advertisement from a Swiss cryptocurrency exchange and it looks quite impressive, but it should have little impact on the currency price in the short term.

Panic Greed 28, level panic.

Coin News:

Bitcoin: The boring volatile market will continue, the rebound height is limited, and there is not much room for decline, so if there is a sharp rise or fall, you can consider the reverse operation.

ETH: The large amount of ETH that flowed into the exchange yesterday did not drive down the price, indicating that the demand for Ethereum is still sufficient. The logic behind these whales' dumping is probably that 2.0 has been postponed, and the short-term pull-up expectations have been postponed. It is understandable that they exited first to protect their principal. The future of Ethereum is still bright, and there will be no major problems if you hold it for a long time.

KNC: A coin that has been repeatedly mentioned in VIP morning seminars. Its Dex aggregator KyberSwap’s total transaction volume has exceeded 7 billion US dollars, a significant increase in the past four months. Therefore, its token continues to move independently, and it is expected that the trend will continue to be two steps forward and one step back.

ZEC: According to the latest report of al6z, the first venture capital institution released by Forbes, zero-knowledge proof will protect decentralized privacy and will achieve further development. The oldest token in this field is ZEC. If you are optimistic about the anonymity of zero-knowledge proof, you can choose to hold it for a long time.

HNT: The latest data shows that Helium's revenue in the first quarter was US$14.5 million, which is considered a very profitable blockchain project, so it still has value in the future.

FIL: It also made 9.4 million US dollars in the first quarter. Don’t say that it is air. It is powerful enough to wash away all the people. There is still a chance for a wave of growth.

Continue to endure this boring market and wait for the day when things will brighten up.