HaoBTC Bitcoin Daily Interpretation: Approaching Direction Selection Point

Fundamental news:

1. CME Group will launch formal products with Bitcoin as the underlying. In the context of active Bitcoin speculation, in response to the chaos in Bitcoin trading and the different legal regulations of various countries on whether Bitcoin is legal, CME Group announced in May that it would cooperate with Crypto Facilities Ltd to launch two financial products with Bitcoin as the underlying: CME Group CF Bitcoin Reference Rate (BRR) and CME Group CF Bitcoin Real-Time Index (RTI), which are standardized reference rates and spot price indices with independent supervision, aiming to accelerate the professionalization of Bitcoin trading and further classify digital assets as a new asset class. BRR and RTI will begin beta testing in mid-September 2016 and are expected to be officially launched in the fourth quarter of 2016.

2.Blockchain version of Thunder Network initial version officially released. Blockchain.info is a leading provider of Bitcoin and blockchain tools and software tools. The company has developed the first practical implementation of the Lightning Network - Thunder Network. Thunder Network can process more than 100,000 transactions per second and only requires thousands of network nodes. The encryption standards used by Thunder Network protect the privacy and security of all communications conducted on its nodes. Efficient routing of transactions on multiple nodes provides additional privacy protection, so no one can find out who made the transaction.

Bitcoin market:

Provided by the regular and secure Bitcoin platform Haobtc.com:

Chief Analyst Bi Wanba explains the market on June 3, 2016 : Bitcoin prices today maintain a wide range of fluctuations, the difference between the internal and external markets is more stable, and the trading volume is gradually decreasing, which is close to the market direction selection point. Short-term operations are mainly based on wait-and-see, and it is not recommended to do swing trading. As the halving approaches, the overall selling pressure in the market will be much less, and the spot can continue to be held in the medium and long term. Yesterday, a netizen broke the news that this market is closely related to a certain pyramid scheme organization. After verification, it is basically true. From the 29th to this point, it is the stage of its cessation of activities, and the subsequent market will also be affected by this fund disk to some extent.