Asset company long growth of 35%, Iran authorized 30 mines mining

June 28 news, Salvadoran president said that the government will provide each citizen with $30 bitcoin. Bitcoin will be officially adopted as legal tender on September 7, 2021. It is estimated that 4.5 million adult citizens will participate in the process of bitcoin legalization. According to ZB research, El Salvador will purchase $135 million in bitcoin in advance. In response, Cameron Winklevoss, co-founder of Gemini and bitcoin billionaire, just tweeted that less than half of the world’s millionaires will have a complete bitcoin.

According to ZB Research Institute, the overall trend of bitcoin is still in consolidation. According to statistics on the 28th, bitcoin funds continue to lose money. However, as the price of bitcoin briefly fell below US $30000 last week, the possibility of institutions buying on the cheap is low. JPMorgan’s relevant report shows that bitcoin fund will continue to lose money even though the inflow of funds into physical gold ETF has stopped. Institutional investors who invest in regulated products such as publicly listed Bitcoin funds or Chicago Mercantile Exchange (CME) Bitcoin futures still have little interest in buying Bitcoin on dips.

Due to market volatility, institutional investors generally expect bitcoin prices to further explore the appropriate low, but the more asset management companies begin to bet on bitcoin’s short-term rise in CME. According to the ZB Research Institute, which learned from the CFTC, asset management companies hold 517 bitcoin futures long contracts and bet on the price of bitcoin to rise, up 35% from last week.

According to the relevant data compiled by ZB Research Institute, in late January 2021, with bitcoin breaking through the $35000 barrier, asset management companies were the first group to slowly start short bitcoin. In February 2021, as the price of bitcoin fell from US $58400 to US $44900, asset management companies were short again and maintained this state even though bitcoin fell 50%.

On June 28th, Mexico’s third richest man, Ricardo Salinas Pliego, stated that all legal currencies do not have a full equivalent value. He will seek to reserve more bitcoins in the next 30 years. BancoAzteca, the bank he founded, is seeking to become the first bank in Mexico to accept Bitcoin. The bank claims to be one of the largest banks in Mexico, with more than 16 million savings accounts and 19 million credit accounts. The bank has been operating in El Salvador for a long time. Some analysts believe that BancoAzteca’s attempt to become the first Mexican bank to accept Bitcoin is one of the drivers behind the legalization of Bitcoin in El Salvador.

According to news on June 28, Zhu Guangyao, former deputy minister of the Ministry of Finance, stated that “digital currency will stimulate changes in the entire society, and it is also a supplement to current commercial platforms such as WeChat and Alipay.”

On June 28, it was reported that Dubai economy and HSBC have strengthened the UAE KYC (know your customer) blockchain alliance, and HSBC has become the fourth founding member of the platform. The plan was launched in February 2020 by Dubai economy in cooperation with its founding member banks. At present, the platform includes Islamic Bank of the United Arab Emirates, UAE National Bank, Dubai commercial bank, Abu Dhabi Commercial Bank, HSBC Bank, RAKBANK and Mashreq bank, as well as members of Dubai economy and DIFC.

ZB Research Institute believes that the blockchain alliance of many financial institutions will give birth to the formation of a new blockchain structure and continuously promote the development of the blockchain industry from the financial level.

On June 28th, the Iranian authorities have authorized 30 cryptocurrency mines to conduct digital currency mining. These cryptocurrency mines are distributed throughout Iran, including the capital Tehran. It is reported that Semnan Province has the largest number of licensed mines, with a total of six, followed by Albolz Province with four 4, followed by Mazandaran, East Azerbaijan and Zanjan Province.