Daily View | Monday July 19

The following content is organized and provided by PlatONWorld for the purpose of spreading more information and has nothing to do with PlatONWorld’s position. The content is from a third-party platform, and the accuracy, authenticity, completeness, validity, and real-time nature of the information are not guaranteed.

【LAT】

Total issuance	Circulation	Pledge rate	Total pledge	Number of addresses
10,250,000,000	129,590,000	31.54%	1,150,853,159.51	42,050

Data source: https://scan.platon.network/

【Quotes】

Trading pair	24 hours high	24 hours low	24-hour trading volume
LAT/USDT	0.1568	0.1400	3,503,873
BTC/USDT	32285.64	31100.00	10,150
ETH/USDT	1993.67	1865.60	222,811

Data source: Huobi Exchange

【10 days node data】

2021	Active	Candidate	Exiting	Exited
July 19	201	38	25	59
July 18	201	38	28	56
July 17	201	38	29	55
July 16	201	43	26	53
July 15	201	43	28	50
July 14	201	43	30	48
July 13	201	44	35	43
July 12	201	44	34	43
July 11	201	45	34	43
July 10	201	45	37	40

Data source: https://scan.platon.network/

【Industry News】

Fed Chairman Powell: If the dollar is digital, bitcoin will disappear

Federal Reserve Chairman Jerome Powell has come forward to discuss bitcoin and other cryptocurrencies with the U.S. Financial Services Committee, LiveBitcoinNews reports. He told the panel that if the U.S. had its own digital currency, bitcoin would be useless and would eventually disappear. Powell explained: One of the arguments in favor of a digital currency: you don’t need a stable coin. If you have a digital U.S. currency, you don’t need cryptocurrencies. He made it clear during the meeting that the U.S. is investigating the situation but is unlikely to make any final decisions in the near future. The country still relies heavily on the U.S. dollar and introducing the currency in digital form could be a turn-off for many. Several other countries (such as China) are currently working to introduce people to digital forms of their currencies, meaning the U.S. could fall behind in virtual development.

RBI official: India must accelerate the pace of blockchain and Industry 4.0 promotion

According to YourStory, Amitabh Rajan, chairman of the Reserve Bank of India Services Board, recently said during a discussion on “The Future of Banking” at the BFSI Leadership Summit that India must accelerate the pace of blockchain and Industry 4.0. On the blockchain front, he highlighted regulatory issues, citing three judges who lifted the 2018 central bank ban on cryptocurrency exchanges and startups last year by trying to understand the concept of cryptocurrency. He noted that “fiscal and monetary issues ultimately come down to policy decisions.” In the aftermath of the global financial crisis, many arguments that markets should be free to operate and reinvent themselves without government intervention no longer hold water, and India urgently needs to develop a regulatory framework for blockchain and virtual assets, and the sooner a decision is made, the better.