Virtual currency press release
according to coinsmart, the highest price of BTC this month is $6533.4, while the current price is $4480.87, which once fell to $4100, a new low of this year, with a decrease of about 30%. The market value of bitcoin once evaporated by nearly one third, with a current market value of $548.1 billion
the overall market has fallen so miserably that some of the investors directly involved have lost tens of millions in this market
affected by bitcoin, the mining machine market also suffered. At present, the current price of bitcoin is lower than or close to the mining cost price in many areas, which means that the profit will be greatly reced or even the cost will be lost. Due to the unbearable losses, many players resell "mining equipment", and withdraw from the coin circle. At the same time, e to the currency decline, the income from "mining" can not make up for the hard expenses such as electricity charges, so that some loss making mining machines can only be cleared.
Bitcoin is not gambling
At present, Atari will launch an encrypted casino in the Ethereum based virtual world{rrrrrrr}
Atari, the game company behind the iconic Pacman, asterioids and Pong, will cooperate with decentral games to develop an encrypted currency casino
according to a press release shared with coindesk on Monday, Atari casino will be built in Vegas City, the game area of the virtual space in Ethereum's decentraland, and will be leased for the first two years
in the virtual world, players live in the avatar's body when interacting with the digital world or "meta world". Decentral games, a part of decentraland ecosystem, claims to be the first community-owned Yuanjie cryptocurrency casino
according to the press release, token holders of DG will also be able to use them to participate in governance and company related decisions
"by working with decentral games, we can transfer Atari's game experience to the blockchain," Atari CEO Frederic Chesnais said in the announcement
Decentraland is supported by digital currency group, the parent company of coindeskunlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million.
the fraud of MMM platform has a long history. As early as 20 years ago, it was identified as "one of the largest Ponzi scams in the world"
in February 1994, Sergei mavroji, a Russian, founded MMM stock company with a registered capital of only 100000 rubles (about US $1000 at that time). Mmm has launched advertisements in almost all well-known media in Russia to attract investors with high return on investment. In Russia at that time, millions of people participated in the MMM financial pyramid and were cheated out of tens of billions of dollars
after surviving for three years, mmm project went bankrupt in 1997, and its founder Sergei mavroji was sentenced to four and a half years in prison. Unexpectedly, after he was released from prison in 2007, he went to India, China, South Africa, Indonesia and other countries to cheat foreigners in Russia
bitcoin home and other websites have reported similar virtual money pyramid schemes. You can check the relevant information
in a nutshell, Ponzi scheme means that there is no corporate entity to attract investors with high interest, and later investors pay interest to early investors. For a Ponzi scheme, once there is no new capital inflow, or the subsequent new investment is not enough to pay for the "income" of the predecessors, the Ponzi scheme will explode immediately.
At the exchange rate of January 8, 2020, 1 RMB = HK $1.1199 ; HK $1 = RMB 0.8929
like the banknotes in circulation, the new banknote series of Hong Kong dollar 2010 has five denominations and the same color. The first to be announced on the 20th is the design of new banknotes of HK $1000 and HK $500, which will be put into circulation in the fourth quarter of 2010 and early 2011 respectively. The designs of the remaining HK $100, HK $50 and HK $20 banknotes will be announced in 2012
the new banknote adopts the most advanced anti-counterfeiting design and engraving printing technology, which greatly enhances the anti-counterfeiting function and the advantages of easy identification. At the same time, the new banknotes also strengthen the barrier free feature, which is convenient for the visually impaired to identify the denomination of banknotes
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calculation of RMB exchange rate
the RMB exchange rate represents the external value of RMB, which is formulated and adjusted by the state Administration of foreign exchange on the basis of the principle of independence and uniformity, with reference to the comparative level of prices at home and abroad and the fluctuation of exchange rate in the international financial market, and announced to the domestic and foreign governments day by day, As the exchange ratio of all foreign exchange receipts and payments
it is the official exchange rate, and there is no market exchange rate. Its pricing method adopts the international common direct pricing method, that is, the number of foreign currencies in a fixed unit (such as 100, 10000, 100000, etc.) is converted into several amounts of RMB, which is used to express the exchange rate of RMB against foreign currencies
the amount of foreign currency in a fixed unit depends on the value of each foreign currency. Except for the exchange rate of RMB against Belgian franc and Italian lira, which is 10000 units, and the exchange rate against Japanese yen, which is 100000 units, the exchange rate of other foreign currencies is 100 units