“Time,” the Securities Times said bitcoin fell sharply, exposing the essence of the virtual coin hype in the Ponzi scheme in November 27th

Time to get to share this moment. Hello, this is Tuesday, November 27, 2018. I am Hua Nan. Carding today’s big events for you.

1. The Bank of Abu Dhabi completed the world’s first Islamic bond transaction based on the block chain

Al Hilal Bank, a bank based in Abu Dhabi, United Arab Emirates, announced the completion of the world’s first Islamic bond transaction using block chain technology. The so-called Islamic bond is a bond that is in line with the Islamic Sharia, and investors will not invest in such bonds in violation of the Islamic Sharia.

2, bitcoin continues to concussion, again in the early morning to 14 month low

App market showed that the 27 day after 5:15, the currency exchange’s bitcoin, the USDT trading price again fell 3800 dollars, about 3710 dollars at the time of 5:41, again approaching the 14 month of 25, the lowest level, in this period, the other exchange’s bitcoin trading price is also mostly down to $3800

3, bitcoin futures fell more than 10% consecutive two days to record a new low, approaching a close of $3600

The United States in November 26th, two American exchange bitcoin futures contract fell over 10%, insurance keep the $3600 mark, second consecutive trading day hit a record low, the last trading day of the 23 day both fell below $4200, tired last week fell more than 20%, falling around.

4, the securities times front page commentary: bitcoin virtual currency speculation plunge exposed Ponzi nature

The people’s daily charge of the “Securities Times” 27, published on the front page entitled “bitcoin virtual currency speculation plunge exposed Ponzi nature” reporter review article, called for bitcoin led crypto currency recent slump, many analysts generally believe that the main or early speculation, bitcoin virtual currency into a bubble the top of the results. Currently bitcoin in a bear market, not good still can not support the current price. Bitcoin itself is unable to generate revenue, if there is no successor, selling stock market will be a persistent behavior, that is to say bitcoin prices will continue downward, and far in the end.

5, tobacco shops were allowed to sell bitcoin, three French regulators collective asset risk warning encryption

To obtain a license in the French Tobacco Association, allowing domestic tobacco stores sell bitcoin from January next year to consumers after the three regulatory bodies of the Bank of France, the French Financial Markets Authority (AMF) and the French Prudential Supervision Bureau (ACPR) 26, jointly issued a warning to remind consumers to pay attention, and “speculative” encryption related risk assets.

6, the world’s third largest mining pool: over the past two weeks, as many as 800 thousand miners shut down bitcoin mining

The world’s third largest mining pool F2Pool “pond” estimates, since 11 months, with bitcoin prices fell and the whole network is down about 600 thousand to 800 thousand miners shut down bitcoin mining business.

Mao Shihang, the founder of the fish pool, told Coin Desk that the estimates took into account the decline in total computing power and the average strength of the old mining machine in a difficult period of profit. Some miners may stop digging because they are using old models. The miners’ revenue index of the fish pond shows that the miners’ average power is about 10TH/s, which is now expected to be a loss.

7, investment bank RBC: encrypted currency plunge to the chip giant NVIDIA and AMD near the short term

RBC Capital Markets, the Bank of the Royal Bank of Canada (RBC), believes that the slump in encrypted currency prices may pose short term pressure on the NVIDIA and AMD, which makes “all GPU become unprofitable.” However, the agency says the long-term growth trend of the two companies has not changed. “As of the last quarter, the high quality of the encrypted currency, GPU, is still profitable, and at the moment, none of the GPU is profitable.”

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