| Presented by | | | | | Happy Monday! I hope you had a good weekend. Today's news is pretty interesting, but I like the analysis pieces. You should be really enlightened after reading about Bitcoin valuation and volatility and China's digital currency. Of course, don't forget about the Bitcoiner list on Twitter. More on the way. -- Allen | | | Market Watch: Top five gainers today are VeChain, Quant, Metaverse ETP (the biggest loser on Friday), THETA, and Synthetix Network Token. Bottom feeders: MonaCoin, Aurora, NEM, Dragon Coins, and Cosmos (rode high last week and top gainer last Monday). Among the top five, Ethereum busted out with some major gains this past week. - Bitcoin: $10,236 (⬇️ 1.07%) // $183.6 billion market cap.
- Ethereum: $191.96 (⬆️ 1.50%) // $20.68 billion market cap.
- XRP: $0.26 (⬇️ 1.23%) // $11.2 billion market cap.
- Bitcoin Cash: $304.89 (⬇️ 0.43%) // $5.48 billion market cap.
- Top 100 Winner: VeChain: $0.004 (⬆️ 7.89%) // $223.1 million market cap.
- Top 100 Loser: MonaCoin: $1.20 (⬇️ 11.99%) // $9.077 million market cap.
Prices are as of 12:09 p.m. EDT. | | | 1. Bitcoin's two-week average hash rate hit an all-time high of 85 exahashes per second (EH/s) at about 19:00 UTC on Friday, according to BTC.com. The blockchain's mining difficulty adjusts roughly every two weeks in order to keep the block production time to 10 minutes, says CoinDesk writer Wolfie Zhao. It's estimated that 600,000 new ASIC miners with an average hashing power of 55 tera hashes per second (TH/s) were deployed within the last three months. ASIC miners sell in the range of $1,500 to $2,500, so if these calculations are correct, the leading ASIC miner manufacturers--Bitmain, Canaan, InnoSilicon, and MicroBT--could have made $1 billion in revenue in the last three months. -- COINDESK | | | | 2. According to a Chinese news report, the country's digital currency is being positioned as a substitute for M0, which, in economic lingo, means the total value of the money supply available in the economy at any point in time. Other money supply categories include M1, M2, and M3. In essence, each category is successively less liquid than the next with M1 representing the physical money supply, therefore being the most liquid and useful for cash transactions. By dividing M0 by M2, economists can determine the ratio of people in a national economy who rely on cash for payments. China's M0/M2 ratio is the third lowest, behind only the UK and Hong Kong, at 3.79 percent. By contrast, the U.S.'s is 21.92 percent, one of the highest in the world, indicating its citizens rely on cash 5.8 times more than the Chinese. These numbers could indicate that China's Central Bank Digital Currency could be planned as a mobile payment replacement system in China, says author Henry He. -- VENTURE BEAT | | | | | Earn money by sharing your space. Millions of travelers stayed in an Airbnb last year. Turn your extra space into extra money. Learn More | | Keep your recruiting strategy competitive with Vettery's 2019 Tech Salary Report We aim to make the recruiting process more transparent for job-seekers and hiring managers, across the board. And we noticed there's one thing people can't stop talking about: salary. We believe that when all parties are on equal footing, everyone is poised to have a better hiring experience. Get the report | | Vettery is changing the way people hire and get hired. Get in touch. | | | | | | | |