Bitcoin price today: 6349 China launches first global blockchain council at Davos Forum

According to data from OKCoin, the safest and most reliable Bitcoin exchange in China, Bitcoin opened at 5686.34 yesterday and closed at 6048.64. It rose 6.37% on the day, with a large fluctuation of 10.16%. Today, Bitcoin opened at 6048.52, basically flat, and reached a high of 6350.

Transaction data of OKCoin, a well-known domestic Bitcoin exchange

Analysts at OKCoin said that at the daily level, yesterday's daily line closed with a medium-sized positive line with a long upper shadow. The price continued to be supported by the 5-day moving average, but the trading volume was not obviously enlarged, and the strength of the rebound at this level is questionable; at the 4-hour level, the moving average system (5, 10, 20) is still in a bullish arrangement, but the price has shown stagflation signals in the previous intensive trading area, and the K-line has appeared long upper shadows one after another; at the 1-hour level, MACD has formed a relatively obvious top divergence, and the double lines are forming a dead cross at a high level. At the same time, a bearish engulfing K-line combination pattern appears at a high level, and the rebound at this level may end.

Recently, the world’s first Global Blockchain Council (GBBC) was initiated by China and announced at the World Economic Forum in Davos.

On the evening of January 17, Swiss time, a Chinese delegation consisting of more than 10 industry experts, including Wang Wei, founding president of the China Mergers and Acquisitions Association, and Peng Yaojie, vice chairman and CEO of China Credit Technology, attended the first blockchain forum at the Davos Forum. That night, Bitfury, a world-leading blockchain technology company, and Covington, an international law firm, jointly announced the establishment of the first Global Blockchain Council. It is reported that the Global Blockchain Council was initiated by Dr. Wang Wei at the Neck Island Conference in the Caribbean in the summer of 2016, and currently has members from 25 countries and regions. The council aims to enable corporate managers to understand blockchain technology, help companies that intend to apply blockchain technology to achieve their goals, and provide a communication and cooperation platform for business and technical experts in the field of blockchain technology applications.

Blockchain technology is known as the technology that has revolutionized the global financial system. In 2016, the financial technology market achieved explosive growth in Asia, especially in China. As the only executive director of the Global Blockchain Council (GBBC) representing Hong Kong, China, Peng Yaojie told reporters: "China is at the forefront of the world in the research and development and application of blockchain technology. The world's first blockchain council initiated by the Chinese aims to explore the latest blockchain innovations and create an ecosystem more suitable for the development of blockchain technology."

China's blockchain is developing rapidly and becoming a world leader

In fact, in the summer of 2016, the World Economic Forum released the report "The Future of Financial Infrastructure: How Blockchain Reshapes Financial Services". The report shows that blockchain technology will fundamentally change the way global financial institutions conduct business, reduce their operating costs, and improve the security and accessibility of financial services.

The development of blockchain has also received great attention and support from the Chinese government. In October 2016, the Ministry of Industry and Information Technology released the "China Blockchain Technology and Application Development White Paper (2016)" at the "China Blockchain Technology and Industry Development Forum". The report proposed the China Blockchain Standardization Roadmap for the first time. Combining the application scenarios and technical architecture of blockchain, it proposed a blockchain standard system framework.

In addition to international attention and government support, Chinese financial companies, Internet companies, and manufacturing companies are all actively investing in the research and development and application promotion of blockchain technology, and the development momentum is rapid.