On September 24, the Federal Reserve kept the benchmark interest rate unchanged at 0% — 0.25%, in line with market expectations. In addition, the discount rate was kept unchanged at 0.25%, which is currently determined by the decision of the members of the Federal Reserve.

ZB Research Institute statistics show that the US employment report and inflation data in August are lower than expected. Previously, the Federal Reserve said it would start to reduce the scale of bond purchase before the end of 2021. Some analysts believe that the relevant plans of the Federal Reserve will not consider raising interest…


On September 22, according to the statistics of ZB Research Institute, the global cryptocurrency market shock caused bitcoin to fall below $45000, the total market value of cryptocurrency exceeded $1.9 trillion, and the mainstream currency fell by more than 10% in 24 hours. ETH took the opportunity to continue to narrow the distance with BTC. At present, 327492.50 ETH have been destroyed by Ethereum network, which is further closer to the value of bitcoin in the market fluctuation. …


On September 8, the “bitcoin act” of El Salvador officially came into force on September 7, Beijing time and El Salvador time, and bitcoin officially became the legal currency of El Salvador. At present, bitcoin and US dollar are used as legal tender of El Salvador at the same time. Residents of the country can download the government’s digital wallet for free, and the downloader will receive bitcoin worth $30 in the setting process. President Nayib Bukele of El Salvador tweeted that El Salvador purchased the first 200 bitcoins on the day the bill came into force.

ZB Institute believes…


On September 6, as of the morning of September 6 (UTC+8), the total market value of global cryptocurrency was about $2.12 trillion, with a 24-hour market value increase of more than $50 billion. Bitcoin prices are traded around $50500 and Ethereum prices are around $3900. Meanwhile, the growth trend of NFT is still strong. According to the statistics of ZB Research Institute, NFT sales in the last week of August exceeded US $1 billion. As of September 6, NFT sales settled last week exceeded US $821 million.

ZB Research Institute believes that the rise of global cryptocurrency may be related…


On September 1, the Salvadoran government plans to deploy 200 bitcoin ATMs in the country and connect them with Chivo, a digital currency wallet. According to the news learned by the ZB Research Institute from the twitter of President Nayib Armando Bukele of El Salvador, there will be 50 financial branches in the country to support bitcoin deposits and withdrawals, and the transaction will also be commission free. Analysts believe that if overseas remittances occur, El Salvador will save a lot of intermediate costs every year.

In addition, according to ZB Research Institute, a series of laws related to bitcoin…


On August 30, according to the relevant data obtained by ZB Research Institute, the total value of ETH destroyed by Ethereum has broken through US $400 million. As of the statistical time, there are about 126000 ETH destroyed in the whole network, with a total value of more than US $400 million.

Affected by market transactions, Ethereum destruction and other events, the global cryptocurrency market is entering a comprehensive upward trend, and the transaction volume and transaction demand are booming. The total market value of global cryptocurrency is back above US $1.9 trillion. Some analysts believe that the total market…


In the past days, global cryptocurrency market has continued its rise as Bitcoin broke through the high of $50000 several times, and the market responded enthusiastically. The total market value of global cryptocurrency returned to the high of US $1.9 trillion, and the trading volume in various fields soared, ushering in a bullish period in the global cryptocurrency trade.

According to the data obtained by ZB, Bitcoin rose rapidly and exceeded $50000, and nearly 90% (86%) of the holders in the market are bound to see profit. The data indicates the average admission price at US $45000.

The positive market…


On August 20, staff of the U.S. Securities and Exchange Commission (SEC) said that peer-to-peer networks are completely unregulated in the United States, which may change in the future. The decentralized financial project called DEFI seems to have the characteristics of entity types regulated by the sec. Any project that rewards participants with valuable digital tokens or similar incentives may enter the jurisdiction of regulators.

Analysts believe that the U.S. SEC’s desire to regulate DEFI may cause continuous panic in the market. At the same time, it is reasonable to believe that the U.S. SEC will carry out the same…


According to the news on August 18, in a case of buying bitcoin “WKJ” through the Internet, the Shanghai court held that, according to the relevant provisions of the civil code, bitcoin does not have monetary attributes such as legal compensation and mandatory, and cannot be circulated and used as money in the market, but it is obtained through legal labor, disposable, exchangeable and exclusive, and has the attribute of virtual goods. Therefore, the sales contract is valid.

According to ZB Research Institute, Shanghai has been taking the lead in the new digital track. By using cutting-edge technologies such as…


On August 16, according to the survey data obtained by ZB from the Finder website, nearly 41% of the respondents claimed that they had purchased cryptocurrency. 20% of Vietnamese said they bought bitcoin, the highest of all countries surveyed. Although on the surface, Vietnam’s strong performance may be surprising, 30% of respondents in Indonesia and India claim to have purchased cryptocurrency. This figure is 29% in Malaysia and 28% in the Philippines. On the other hand, the figures for the United Kingdom and the United States are 8% and 9%, respectively.

Previously, ZB Research Institute reported on the development of…

ZB Academy

The world’s leading cryptocurrency exchange: www.zb.com. ZB Academy is to provide prefessional blockchain insights.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store