Weekly (July 29th – August 2th)

1.Bitcoin re-enters the high transaction fee cycle for ten years. The total transaction fee will impact the $1 billion mark.

According to the block rhythm July 31 news, data agency Coin Metrics released the latest industry data report, the data on BTC transaction fees attracted attention. The data shows that since the end of the super bull market in early 2018, BTC has once again entered the period of high transaction fees. At the same time, its historical total transaction fee has also approached the $1 billion mark.

2.IOST announces strategic cooperation with top Chinese antique dealers

IOST announced that it has entered into a strategic partnership with the living room of the Western European Castle, the largest antique dealer in China, and the Green European Art Society. This collaboration was initiated by IOST node partner Jerry. The Green European Art Society’s living room contains European antiques from seven countries. The works of well-known artists are exhibited with a total value of more than tens of millions.

3.The 13th release of the CCID public chain technology evaluation index: EOS, Ethereum is still in the top two, bitcoin rose to 11

China Electronic Information Industry Development Research Institute (CCIDI) released the 13th CCID Global Public Chain Technology Evaluation Index. The evaluation results show that EOS and Ethereum still occupy the top two of the list, and the wave field (TRON) ranks to the third place. The fourth to tenth place are NULS, GXChain, BitShares, Ontology. , NEO, STEEM, COSMOS. Bitcoin ranked 1st place from the previous period and is currently ranked 11th.

4.Blockchain smartphone maker Pundi X and Samsung reached a cooperation

According to ethnews, blockchain smartphone maker Pundi X has partnered with Samsung to add its encrypted wallet XWallet to the Galaxy S10 blockchain application option. Both companies recommend using the built-in S10 wallet for long-term storage and XWallet for payment.

5.Indian Finance Minister: Studying a draft proposal to ban cryptocurrency

Indian Finance Minister Nirmala Sitharaman recently spoke about the draft cryptocurrency bill and reported that her department is studying a proposal to ban cryptocurrency. Although she believes the report is “very futuristic and well thought out”, the encryption industry believes it is flawed and incomplete.

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