Produced | Sohu Finance

Author | Zhang Ying

On the morning of June 15th, Suning.com issued an announcement stating that Suning Appliances passively reduced its holdings of 10 million shares on June 11, and it is expected that Suning Appliances may reduce its holdings of Suning.com by no more than 384 million shares in the next six months ( (Accounting for 4.12% of Suning Tesco’s total equity).

Since June, Suning Appliance has repeatedly reduced its holdings of Suning Tesco’s shares.

On June 2, Suning.com disclosed that Suning Appliance intends to transfer 520 million unrestricted shares of Suning.com (accounting for 5.59% of the company’s total share capital) held by Suning.com to the new retail fund, with a total transfer price of 3.182 billion yuan.

On June 10, Suning Appliance received a supervisory letter from the Shenzhen Stock Exchange. The regulatory letter pointed out that Suning Appliance reduced its holdings by a total of 19.50 million shares through centralized bidding, accounting for 0.21% of the total share capital of listed companies due to the default clauses of the agreement triggered by some stock pledge repurchase transactions. Suning Appliance did not announce the relevant shareholding reduction plan 15 trading days before the first occurrence of the shareholding reduction event.

In addition, on the morning of the 15th, Suning.com also issued an announcement stating that Zhang Jindong’s 540 million shares were judicially frozen by the Second Intermediate People’s Court of Beijing, accounting for 5.80% of Suning’s total share capital and 27.68% of Zhang Jindong’s holdings. .

A week ago, Suning Appliance Group Co., Ltd. added a piece of information about the person to be executed, case number (2021) Jing 02, No. 837, and the execution target was over 3.082 billion yuan. Zhang Jindong, Suning Real Estate Group Co., Ltd., and Suning Appliance Co., Ltd. Executor.

On February 28 this year, Zhang Jindong and his concerted person, Suning Holding Group, etc., planned to transfer 23% of Suning Tesco’s shares to Shenzhen International and Kunpeng Capital to introduce state-owned shareholders.

After the completion of the share transfer, the listed company will be in a state of no controlling shareholder and no actual controller.

This year, Suning.com has “continuous crises.”

The 2020 annual report previously disclosed by Suning.com showed that Suning.com’s 2020 operating income reached 252.296 billion yuan, a year-on-year decrease of 6.29%. In 2020, Suning.com’s net profit attributable to shareholders of listed companies was -4.275 billion yuan, a year-on-year decrease of 143.43% from 9.84 billion yuan in 2019. This was also the worst year for Suning.com since its listing.

Sohu Finance also learned that Suning Real Estate and Suning Appliance, which were executed this time, were also involved in a loan lawsuit with the leading real estate company Sunac.

Anhui Sunac Real Estate Co., Ltd. and Suning Real Estate, Suning Appliance, and Xuzhou Suning Real Estate related loan contract disputes will be heard on July 19, and Suning will be the defendant.

According to public reports, Suning Real Estate had previously cooperated with Suning Real Estate to develop real estate projects. During the development process, Suning Real Estate borrowed a sum of funds from Suning Real Estate, and Suning Real Estate failed to repay the arrears on time.

As of press time, Suning.com reported 5.65 yuan per share, down 9.02%.

On the eve of the college entrance examination, Zhang Xifeng, a senior high school student in Hengshui Middle School, delivered a speech titled “A Little World, Big You”, which unexpectedly became popular on the Internet. His sentence “I am a native pig in the country, I want to go to the cabbage in the city” quickly sparked public opinion.

Hengshui Middle School where Zhang Xifeng is located is one of the first demonstration high schools in Hebei Province. It is widely known for its high enrollment rate and high-definition north rate, but the evaluation of Hengshui Middle School is mixed.

Although Hengshui’s education model has been criticized by many people, in recent years, super middle schools headed by Hengshui Middle School have risen rapidly and blossomed all over the country.

“blossom everywhere”

Hengshui Middle School was originally called “Hengshui County Middle School” and was established in 1951.

In the 1960s, it was designated as a provincial key middle school by the Hebei Provincial Department of Education. But even in the key counties in the Hengshui area, the ranking of Hengshui Middle School counts down all the year round.

In 1992, Li Jinchi was appointed as the head of the Hengshui High School in Hebei Province. With his own power, he took Hengshui Middle School from the middle and lower reaches of the 11 counties in Hengshui City to the top 100 in the province in 2004/number of people with more than 600 points/ Many indicators such as the number of people on the line have become the province’s first national prestigious school.

In 2014, Hengshui Middle School embarked on the path of capitalization. It cooperated with Taihua Company to establish a private high school-Hengshui No. 1 Middle School. In Hengshui, Hengshui Middle School is called the “North Campus” and Hengshui No. 1 Middle School is called the “South Campus”, and the two are often treated the same.

In fact, there is no difference between Hengshui No. 1 Middle School and Hengshui Middle School in terms of teaching system, teaching process, and examination time. Therefore, the so-called “Hengshui Middle School” does not distinguish between these two schools. But the biggest difference between them is that one is public and the other is private.

The college entrance examination results of Hengshui Middle School and Hengshui No. 1 Middle School confirmed the effectiveness of the Hengshui model. Since 2014, Hengshui Middle School and Hengshui No. 1 Middle School have blossomed all over the country through joint operations with local governments or educational institutions and new branch schools. These schools are all named “Hengshui”.

According to incomplete statistics from Blue Whale Education, public information shows that there are more than 30 branch schools in the country under the name of “Hengshui”. In Hengshui City alone, there are two private schools founded based on the management model of Hengshui Middle School, namely Hengshui Middle School Experimental School and Hengshui Ganyang Middle School; other campuses are also located in 24 cities in 11 provinces across the country.

Except for Hengshui city, other branch schools are located in Anhui Province (Hefei, Suzhou), Hebei Province (Tangshan, Baoding, Handan, Zhangjiakou, Dingyuan County of Chuzhou City), Zhengzhou City, Henan Province, Yunnan Province (Dianchi, Chenggong, Yiliang) , Xishan, Qujing, Yuxi, Xishuangbanna), Ordos, Inner Mongolia, Guizhou Province (Guiyang, Liupanshui), Sichuan Province (Zigong, Suining), Lanzhou City, Gansu Province, Nanchang City, Jiangxi Province, Datong City, Shanxi Province, Jiaxing City, Zhejiang Province, etc.

It is worth mentioning that Hengshui No. 1 Middle School’s longest cooperative branch school has gone abroad, and “Hengshui No. 1 Middle School Malaysia Branch” was established in Negeri Sembilan, Malaysia.

The road to high-speed capitalization

How does Hengshui Middle School move toward capitalization? How is the “balanced model” output?

According to public information, in terms of the cooperation model, Hengshui exports brand or management personnel and some teachers, the government provides school premises and enrollment policies, and enterprises provide funds. Blue Whale Education found that the names of cooperative schools include “Hengshui No. 1 Middle School” and “Hengshui Middle School”.

Among the institutions cooperating with Hengshui Middle School, there are many listed companies. On March 12 this year, the First High School Education was listed on the New York Stock Exchange. As of December 31, 2020, it has a total of 19 schools. Fifteen of them are named “Hengshui”. They are spread all over Yunnan, Inner Mongolia, and even counties in the name of Hebei Hengshui Middle School.

In addition, in 2014 Hengshui Middle School cooperated with Jingcheng Education Investment Company located in Suining, Sichuan, and established the “Hengshui Middle School Sichuan Branch” based on the original foreign language experimental school of Suining Middle School; on August 28, 2014, the private Zhangjiakou Dongfang Middle School Hengshui Middle School signed a contract with Hengshui Middle School to run a school to establish “Hengshui Middle School Zhangjiakou Branch”; April 9, 2016, Hengshui Middle School and Henan Yongwei Education Group signed a contract to establish “Hengzhong Henan Branch School”; May 20, 2016, Hengshui Middle School and private school Jiangxi Sanghai Middle School cooperated to establish “Hengshui Middle School Jiangxi Branch”; on December 21, 2016, Anhui Dingyuan Yinghua Middle School added the school card of “Hengshui Middle School Chuzhou Branch”; July 28, 2017, Hengshui Middle School and Anhui Sanhuan The group cooperated to create “Hengshui Middle School Anhui School”-and this is just part of many “joint schools”.

At the same time, “Hengshui No. 1 Middle School” has branch schools all over the country: including Hengshui No. 1 Middle School Fuping Campus, Hengshui No. 1 Middle School Liupanshui School, Hengshui No. 1 Middle School Kangbao Branch, Hengshui No. 1 Middle School Pinghu School, Hengshui No. 1 Middle School Peng Cheng Branch, Hengshui No. 1 Middle School, Lanzhou Branch, Hengshui No. 1 Middle School, Tangshan Branch, Baoding Heyang Hengshui No. 1 Middle and Senior High School, Heyang Hengshui No. 1 Middle School, Tangshan Branch, etc.

Among these institutions that jointly run schools with Hengshui No. 1 Middle School, He Yang Education submitted a prospectus to the Hong Kong Stock Exchange on February 11 this year. If it is successfully listed, there will be two listed education companies that are closely related to the name “Hengshui”.

High tuition, high return

After being named “Hengshui Middle School, Hengshui No. 1 Middle School”, what is the profitability of these educational institutions?

Take the first high school education and Heyang education as examples. The first high school’s 2020 financial report shows that it achieved revenue of 446 million yuan, a year-on-year increase of 32.5%; net profit was 80.9 million yuan, a year-on-year increase of 155.3%.

He Yang Education, which submitted the prospectus, is also in a state of steady development. According to its prospectus, its revenues were 396 million yuan, 481 million yuan, and 572 million yuan in the 2018-2020 fiscal year, and the compound growth rate of the most recent three fiscal years was 20.1%; it achieved profits in the 2018-2020 fiscal year. 165 million yuan, 229 million yuan and 256 million yuan, with a compound annual growth rate of 24.7%.

High returns come from high tuition fees.

According to the prospectus of No. 1 High School Education, in 2018, the average tuition fees of high schools, junior high schools and cram schools under No. 1 High School Education were 16,941 yuan, 10866 yuan, and 22,915 yuan, respectively, which were all higher than the average tuition fees of private schools in Yunnan Province over the same period. According to the CIC report, the average tuition fees of private high schools, private junior high schools, and private cram schools in Yunnan Province in 2018 were 9,739 yuan, 8,636 yuan, and 19,426 yuan, respectively.

It can be seen that the charging standard of “Hengshui” is likely to be higher than the average tuition level of ordinary schools. According to the Heyang Education Prospectus, in the 2020/21 school year, the tuition standard for Heyang Hengshui Middle School and Caofeidian Zhongheng High School is also as high as 19,800 yuan. In sharp contrast, during the same period, the tuition fee for undergraduate courses at Hebei University of Science and Technology under Heyang Education was only 16000-20000 yuan.

Controversy continues

With the blessing of capital, the development of “Hengshui Middle School” has entered the fast lane. But at the same time, it also attracted a lot of controversy.

According to related reports by The Paper, in June 2017, Hebei Taihua Jinye Real Estate Development Co., Ltd. issued a document called “Statement of the Board of Directors of Hengshui No. 1 Middle School” on its official website, signed by Hengshui Huarui Investment Co., Ltd. and Hengshui No.1 Middle School.

The statement stated that since the official seal of the private Hengshui No. 1 Middle School was forcibly removed by the principal of Hebei Hengshui No. 1 Middle School at 23:40 on September 19, 2014, the board of directors of Hengshui No. 1 Middle School has never authorized individuals and groups to cooperate in establishing branch schools. From 23:40 on September 19, 2014 to June 2017, all contracts and agreements signed in the name of Hengshui No. 1 Middle School and other school-running activities and business activities are not related to the board of directors and investors of Hengshui No. 1 Middle School. , Hengshui No. 1 Middle School’s financial account and investors have not received any sponsorship funds and franchise fees from any school.

Subsequently, in June 2017, the Hebei Provincial Department of Education issued the “Notice on the Rectification of Hebei Hengshui Middle School and Hengshui No. 1 Middle School”.

In the document, Hengshui Middle School and Hengshui No. 1 Middle School both put forward rectification requirements. The three rectification requirements of the Hebei Provincial Department of Education for Hengshui Middle School include: the legal representative of Hebei Hengshui Middle School shall not act on behalf of the legal representative of Hengshui No. 1 Middle School; the appointment of teachers in Hebei Hengshui Middle School to private schools should be approved by the Hengshui City Education Bureau, and shall not Affect the teaching activities of Hebei Hengshui Middle School; remove the relevant information related to Hengshui No. 1 Middle School from the official website of Hebei Hengshui Middle School, and no simultaneous occurrence of Hebei Hengshui Middle School and Hengshui No. 1 Middle School in the content related to external propaganda.

In addition, the capitalization of Hengshui Middle School has also caused controversy. Some people frequently questioned, “Is education used to make money?” On the other hand, Hengshui Middle School’s practice of “picking the top” of outstanding students has aroused resentment from other local schools. The education bureaus of Shijiazhuang, Chengde, Langfang, Zhangjiakou, Cangzhou, Xingtai, Handan and other places have issued opinions on handling illegal enrollment of private schools such as Hengshui No. 1 Middle School.

In fact, in recent years, the rapid development of “super schools” such as Hengshui Middle School, Huanggang Middle School, and Maotanchang Middle School is a manifestation of the Matthew effect. Some people commented that local education needs super middle schools, and parents of students also need super middle schools, and capital needs super middle schools. Even with doubts, under the influence of the Matthew Effect, the “super middle school” will only grow stronger.

At the moment, “education equity” has become a buzzword. And will the development and growth of super middle schools run counter to the concept of “educational equity”? In addition, the current regulatory policy for “pink-out enrollment” is accelerating the replenishment. How long can the “myth” of super high schools last?

Bitcoin suddenly surged in the past 24 hours. According to Coinmarketcap, the amount of Bitcoin traded in the last 24 hours is about 35.9 billion USD, the market capitalization recorded at 697.4 billion USD. Many large-cap cryptocurrencies skyrocketed with Bitcoin. Specifically, Ethereum is up 3.6% to $2,608, Binance Coin is up 6.8%, Cardano is up 3%, Ripple is up 2.6%, Uniswap is up 7.3%, Bitcoin Cash is up 6.1%, Litecoin is up 2.6% 6.8%, Chainlink up 5.6%… The strong momentum of Bitcoin and leading cryptocurrencies caused the total capitalization to increase by 6.5% to more than $1,630 billion. According to many professional traders, the driving force behind the growth of Bitcoin comes from the fact that El Salvador – the first country to consider Bitcoin digital currency as legal. Channel France24 quoted El Salvador President Nayib Bukele’s statement on Twitter, saying that the Bitcoin Law has just been approved with a majority vote. The bill proposed by Mr Bukele to parliament last weekend was approved by 62 out of 84 MPs. “It’s a historical mark,” Nayib Bukele shared on Twitter. Before the vote, Mr. Bukele affirmed that the adoption of digital currency will bring finance, investment, tourism, innovation and comprehensive economic development to this Central American country. According to him, Bitcoin is the fastest way to transfer billions of dollars of remittances to El Salvador without losing millions of dollars to intermediaries. Remittances from El Salvadorans working abroad make up a major part of the country’s economy, equivalent to about 22% of gross domestic product. According to official reports, in 2020, the amount of remittances to this country will reach 5.9 billion USD. “This is the law that will make El Salvador a place of international interest. We will be more attractive to foreign investment.” Romeo Auerbach, Vice President of the National Union of Solidarity Party in El Salvador, said. Bitcoin is a highly volatile virtual currency. After reaching an all-time high at 64,800 USD on April 14, this virtual currency has plummeted without brakes. The reason comes from Elon Musk’s announcement that Tesla will stop accepting Bitcoin because of controversial carbon emissions issues and China’s tightening ban on cryptocurrency trading and banning Bitcoin mining rigs. Many countries have also recently introduced new regulations to control activities related to cryptocurrencies.

The price of Dogecoin plummeted right after the show featuring Elon Musk started. Photo: Coindesk. However, when Musk didn’t show up, the price of Dogecoin plummeted. According to the data of Coinmarketcap , from nearly 0.7 USD, Dogecoin dropped to more than 0.5 USD after more than 30 minutes of the program. The market capitalization of this coin dropped from $90 billion to just $68 billion after 1 hour, more than $150 million of leveraged investors was blown away. As expected by many, Elon Musk mentioned Dogecoin in the middle of the show. “Recently, the prices of many cryptocurrencies have increased, such as Bitcoin, Ethereum, and especially Dogecoin,” replied Elon Musk when asked “what is cryptocurrency”. Elon Musk’s mention of Dogecoin only made the coin rise slightly from the bottom. By 12 o’clock, the price of Dogecoin was still at $ 0.55, a sharp decrease compared to before Saturday Night Live aired. “People seem to be starting to realize that you shouldn’t invest based on a guest on a comedy show mentioning that asset,” said Wall Street Journal financial writer Paul Vigna. Elon Musk appeared on Saturday Night Live, mentioning Dogecoin. Earlier, the news that Elon Musk led Saturday Night Live caused the price of Dogecoin to increase sharply. According to the data of Coinmarketcap , the value of each Dogecoin has increased from $0.34 on May 1 to $0.69 as of the morning of May 8. Many fans of Musk and Dogecoin even plan to invite friends over to watch and celebrate if the coin’s price skyrockets. On the morning of May 8, Elon Musk posted on his personal Twitter a picture of him and two other guests of Saturday Night Live. Musk also inserted a picture of the dog Shibu, the symbol of Dogecoin, into the frame. Soon after, the Dogecoin price increased rapidly and reached an all-time high of $0.72 before cooling off.

According to analysts, Bitcoin is too expensive, causing investors to rush to find new digital currencies to profit. As a result, Ethereum has increased by more than 40% in value in the past April. Ethereum cryptocurrency was launched in 2013 with the purpose of being used to transact for an intranet of the same name. Now it is turning these crypto holders into billionaires with skyrocketing prices. The Ethereum cryptocurrency is also benefiting from the rise of NFTs, aka non-fungible tokens. This is a digital asset designed to represent ownership of unique virtual items such as art and sports memorabilia. Many NFTs like CryptoKitties and CryptoPunks are all running on Ethereum. However, this outburst of activity has resulted in congestion on the Ethereum network. Ethereum is currently being upgraded with the ambition of enabling faster transaction times and reducing the amount of power required to process transactions.

Ethereum has skyrocketed in recent times. (Source: CNBC) Price hits all-time high According to Coin Metrics, Ethereum (also known as Ether) reached an all-time high of $4,196.3 at 12:15 p.m. on May 10. The value of Ether is up nearly 7% in the past 24 hours and is currently at $4,141.99. The total market capitalization of this coin is $476.3 billion, almost half the market capitalization of the world’s largest digital currency – Bitcoin ($1.1 trillion). With the new milestone just set, the price of Ether has increased 5 times from the price of $ 800 at the beginning of 2021. Compared to the same period last year, the price of Ethereum has increased about 20 times in just 1 year. . Ether was founded in 2013 by Russian-Canadian programmer Vitalik Buterin and several other crypto entrepreneurs. Similar to Bitcoin, Ether operates on the Blockchain technology platform. The biggest difference between Ether and Bitcoin is the intended use and core technology. Ether was created with the goal of becoming a platform for smart contract development. Ether serves as a means of paying for the network’s operating costs. Meanwhile, Bitcoin was born with the sole purpose of becoming a means of payment and a store of value. For programmer Buterin, Bitcoin is too limited in functionality. In an interview with Business Insider , founder Ether compared Bitcoin to a pocket computer that “does one thing well,” while Ether is like a smartphone with many apps. Ethereum is not perfect yet However, according to the page CNBC , Ether is not perfect yet. In 2017, the popularity of the game CryptoKitties caused Ether’s network to become severely congested, slowing transactions and causing game developers to raise fees. Scalability is one of the biggest problems with the Ether network today. This cryptocurrency currently works using a proof-of-work protocol (a mechanism that prevents double-spending), similar to Bitcoin. This means that cryptocurrency miners with purpose-built computers must compete to solve complex mathematical puzzles to validate transactions and get the miners’ networks to “mine”. Electrons must consume huge amounts of energy. But Ether is currently “running” an ambitious upgrade called Ethereum 2.0. Specifically, the cryptocurrency moves to a proof-of-stake model and relies on investors holding Ether to process new transactions. Cryptocurrency investors say the upgrade will help the Ether network run at scale, process more transactions at faster speeds, and support applications with millions of users. This can also lead to short-term price increases. However, some experts are still skeptical and refuse to trade digital currencies like Bitcoin and Ether. The latest volatility of the world’s top two cryptocurrencies reminded them of the 2017 crypto bubble, during which Bitcoin surged to a peak of $20,000. But a year later, it “sloped” down to $3,122. Some cautious investors say that the cryptocurrency is in a bubble waiting to burst. What do experts think about Ethereum and Bitcoin? Ed Egilinsky, CEO – Head of Alternative Investments at Direxion said: “Ethereum’s blockchain technology has more uses and functionality than Bitcoin, making it a potentially lucrative game in the long run. Also, at the present time, the price difference between Bitcoin and Ethereum could make Ethereum an ‘affordable’ investment for investors.” “Ether is a blockchain platform that acts like the Apple and Android app stores,” said Pat LaVecchia, CEO of trading platform Oasis Pro Markets. Meanwhile, Bitcoin is a commodity like gold, or a store of value. Unlike Bitcoin, where many properties (such as supply) have been fixed since its inception, the Ethereum platform is still evolving with new updates that promise to improve the system. It’s even entirely possible that regulations change and cause the supply to drop, which will cause the price of Ethereum to continue to rise.” (according to CNBC, Business Insider)

The new digital currency is called Internet Computer. Currently, this coin has entered the top one of the largest cryptocurrencies in the world at number 8, according to CoinMarketCap rankings. The introduction of Internet Computer and its ledger will help users create whatever they want on the Internet without going through digital giants like Amazon or Facebook. Users can also use commercial cloud services. According to Mr. Dominic Williams – the project’s founder – Internet Computer was founded with the idea of ​​avoiding the barriers of companies and helping to reduce costs. Users can build social media and other services to compete with the internet giants of the world. Internet Computer raises $45 billion in one day amid crypto craze. Photo: Bloomberg. The network that powers the cryptocurrency uses smart contracts and task execution software, helping it compete with larger players like Ethereum. Internet Computer is also involved in many other coins and related networks such as Polkadot and Binance Coin. The launch of the Internet Computer is taking place in the context of the cryptocurrency revolution that is exploding around the world. Prices for many cryptocurrencies, from Bitcoin to Dogecoin, are up sharply from a year earlier. According to the Bloomberg , the total market value of cryptocurrencies currently stands at $2,480 billion, up sharply from less than $1 trillion at the start of the year. Bitcoin is still the most valuable cryptocurrency in the world. According to the Coindesk , one Bitcoin is currently priced at $57,214, up 4.67% from yesterday. Other coins also had positive momentum, in which Ether rose 11.89% compared to yesterday, surpassing $4,269 per coin. Dogecoin also increased to 0.49 USD/coin.

Internet Computer coin traded at 370.3 USD – Photo: Bloomberg Just launched on May 10, virtual currency called Internet Computer has immediately entered the top 10 largest virtual currencies in the world with a market capitalization of about 45 billion USD, according to the ranking on CoinMarketCap.com. Internet Computer was created to help anyone – from software developers to content creators – upload whatever they want to the internet without having to go through tech giants like Amazon. , Facebook or through servers, commercial cloud services. According to Dominic Williams, founder of the Internet Computer project, this virtual currency helps users avoid closed ecosystems of businesses and reduce costs. Users can build their own social networks as well as many other services to compete with giant internet companies. Internet Computer coin price movement after one day of launch – Source: Coinmarketcap.com The Internet Computer’s network uses smart contracts or task execution software to compete with larger cryptocurrencies like Ether (currently the second largest cryptocurrency by market capitalization). Internet Computer is also “shaking hands” with many other cryptocurrencies and related networks – such as Polkadot, Binance Coin – to bypass Ether. The Internet Computer coin was born in the context of virtual currencies from Bitcoin to Dogecoin being mentioned everywhere, at dinners to Saturday Night Live on national television in the US. Top 10 largest cryptocurrency market capitalization, updated price at 9:00 am on May 12 (Vietnam time) – Source: Coinmarketcap.com Dong Internet Computer traded at 370.3 USD at 9:00 am on May 12 (Vietnam time), up more than 1% compared to the previous 24 hours. This virtual currency transaction value reached 1.5 billion USD, an increase of nearly 90% in 24 hours. The market capitalization of the entire cryptocurrency market is now $2,480 billion, up from less than $1 trillion earlier this year.

Internet Computer cryptocurrency icon Historical market data shows that ICP coin with multicolored infinity symbol was pushed to the system at 6 pm on May 10. Up to now, the record price of this cryptocurrency reached 731 USD/ICP at about 11 pm on May 10, that is, after only about 5 hours on the cryptocurrency exchange. Internet Computer (ICP) currency ranks 8th in terms of market capitalization (Source: Coinmarketcap) Topping the ranking of cryptocurrencies up to now is still the “king of digital money” Bitcoin with a value at 14h on May 12 around 57,000 USD/Bitcoin, total market capitalization of Bitcoin. Bitcoin reached more than 1 trillion USD, accounting for more than 40% of the total market capitalization of the entire cryptocurrency market. Some coins ranked next after Bitcoin are Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE)…

The announcement of the Tesla boss immediately pulled the price of Bitcoin down to $ 46,000 / dong. Minutes later, billionaire investor Mark Cuban – owner of the NBA’s Dallas Mavericks – tweeted: “We know that it helps the environment (Bitcoin) replace gold as a store of value. school”. According to the data of Coin Desk , as of May 14 (Vietnam time), Bitcoin has not been able to regain the $50,000 mark per dong. However, the Winklevoss twin billionaire brothers remain optimistic. Mr. Cameron Winklevoss said Musk will return to Bitcoin after realizing that cryptocurrency mining is “really driving the renewable energy industry.” His brother Tyler also encouraged investors to buy the bottom. On May 12, Elon Musk announced that electric car company Tesla will stop accepting payments in Bitcoin. “Selfish and Cruel” “It’s true that Bitcoin has an impact on the environment and that’s one of the controversial things. For environmentalists and scientists, there’s no doubt that Bitcoin uses a lot of energy,” the teacher said. Professor Layne Hartsell at the Asia Institute commented in an interview with Zing . “However, mining for Bitcoin – the asset considered ‘digital gold’ – is actually less impactful than mining for gold, one of the worst environmental disasters,” he added. In fact, just last month, Musk voiced his support for an article called “The Bitcoin Clean Energy Initiative” by Square Crypto. The article refutes the argument that the Bitcoin network causes serious environmental damage and destroys the planet. According to the article, Bitcoin mining will encourage increased use of renewable energy, replacing carbon-emitting fossil energy. Musk quickly shared the post on Twitter and commented: “Yes.” If Bitcoin is bad for the environment, we should ask Musk about the carbon emissions of SpaceX rockets – Oluwafisayo Williams According to the Bloomberg , Musk’s turn shocked many crypto fans. Nic Carter, an expert at Castle Investment Management, described his move as “very strange and confusing”. Mr. Oluwafisayo Williams, 32, a doctor in Sheffield (England), was even more harsh. Mr. Williams used the words “selfish and ruthless” to describe Musk’s heart. He started pouring money into cryptocurrencies at the beginning of the year. “If Bitcoin is bad for the environment, we should ask Musk about the carbon footprint of SpaceX rockets. I don’t think he has taken the time to research Bitcoin. Musk is using his power to gain control. market,” Mr. Williams criticized. On April 26, Tesla reported a record profit of $ 438 million in the first quarter. As usual, the profit was made by selling emissions limits. However, the company’s Bitcoin sale also contributed $101 million to the profit. According to the report, Tesla recorded $1.5 billion in “digital asset” purchases and $272 million in digital asset sales in the first quarter. The firm said Bitcoin sales contributed up to 101 million USD. As such, the company promptly sold some Bitcoin and made a profit of 101 million USD when the Bitcoin price skyrocketed. “Playing with investors’ pockets” Musk is not completely turning away from cryptocurrencies. In his announcement to stop accepting Bitcoin payments, he admitted that cryptocurrency is still a good idea. Musk is also looking at other coins that use less energy. Dr. Williams in the UK does not care about Musk’s views and insists he is still optimistic. Some people working in the crypto space also think the issue is overblown. According to them, the drop is the right time to buy. “The sell-off could help Bitcoin price reach new record highs,” said David Grider of Fundstrat Global Advisors LLC. Meanwhile, crypto billionaire Mike Novogratz still encourages investors to buy Bitcoin. He thinks Musk is just trying to use his influence to make cryptocurrency mining “greener”. Bitcoin price plummeted after the announcement of billionaire Elon Musk on May 12. Meanwhile, Mr. Dave Portnoy – founder of Brash Barstool Sports – is not satisfied with Musk’s move. According to Mr. Portnoy, when a billionaire changes his stance too quickly, he is playing with people’s futures and pockets. Aaron Smith, 29, a trader based in Essex (UK), has moved most of his portfolio to cryptocurrencies. He thinks that the Tesla boss needs to learn more about cryptocurrencies. Mr. Smith remains bullish on cryptocurrencies and considers Musk’s backing as shocking news. “Billionaires influence all markets, not just the crypto market,” he commented. “But people feel the influence in the crypto market more clearly because of the smaller cap,” he added.

Meituan is China’s largest food delivery app. (Photo: QZ) A big storm hit after Meituan founder and CEO Wang Xing posted a poem from the Tang Dynasty on social media last week. The article on the Fanfou website has since been deleted, but Meituan confirmed it contains the poem “The Book Burning Pit” by author Zhang Jie written more than 1,100 years ago to satirize Qin Shi Huang. According to historical records, Qin Shi Huang quelled dissent in the country by digging huge holes, burning books not approved by the government, and burying scholars to prevent people from condemning him. Some comments on social media suggested that Wang may have posted the poem to implicitly criticize the Chinese government, which is holding back the country’s largest technology firms. Others compared the post to Alibaba founder Jack Ma’s speech last year, when he smacked China’s central banks and financial regulators for using outdated methods. Jack Ma’s speech seems to have angered the authorities. Ant Group’s historic IPO was also suspended at the last minute. Meituan and many other “big players” such as Alibaba and Tencent have been fined or investigated and monitored for several months now for violating monopoly or affecting consumer rights. The poem, which is more than 1,100 years old, further reveals the predicament that awaits companies like Meituan. Meituan stock fell 13% from May 6 to May 11, wiping out nearly $30 billion in market capitalization. Currently, the stock recovered slightly, gaining 2.5% at the close of the session on May 12. CEO Wang later posted an explanation, saying that the poem was about Meituan’s competitors. “The Qin Dynasty was afraid of scholars, but Liu Bang and Xiang Yu – the people who overthrew the Qin Dynasty – were not educated. That reminds me that the most dangerous enemies are not the people expected. Alibaba focused on JD.com and then Pinduoduo surpassed in terms of users. Similarly, Ele.me is seen as Meituan’s biggest competitor, but what really shocks the entire industry might be a certain business, business model that hasn’t caught our eye yet.” In April, Meituan and dozens of other companies were warned when Alibaba received a record $2.8 billion fine. Chinese authorities said Alibaba was fined for behaving like a monopolist. They also tell businesses that if they don’t address monopolistic behavior, they will be similarly punished. Later, China’s State Market Regulation Authority opened an antitrust investigation against Meituan for “exclusive trading arrangements”. The company was summoned by many agencies, including the Shanghai authorities, about the interests of customers. According to analysts Fitch Ratings, regulatory risks with China’s internet sector tend to escalate. The agency has not ruled out any fines with other companies after what happened to Alibaba. One netizen commented: “The poem is very suggestive. Wang Xing posted it at a critical period of the Big Tech crackdown. This is clearly inappropriate action. Wang may mean his rivals, but investors don’t think so. This is a very sensitive moment.” Du Lam (According to CNN)

“There’s been a lot of discussion around whether investing in Bitcoin is ultimately good or bad, what is the real value of Bitcoin, or is it actually just a bubble. Honestly, I don’t know,” Mr. Son said. said at SoftBank’s earnings press conference. Even so, the Japanese investment billionaire said that adding the popularity of cryptocurrencies has made Bitcoin an “unforgettable” platform, like diamonds or bonds. “It’s not necessarily anti-crypto. We’ve had such internal discussions,” he added. Billionaire Masayoshi Son – founder of SoftBank. Photo: Bloomberg. Over time, more and more big companies like Tesla, Square and Nexon are turning to buying Bitcoin. Many firms started accepting cryptocurrencies as a form of payment to promote the development of cryptocurrencies. However, recently, billionaire Elon Musk’s electric car company Tesla suddenly “turned away” from Bitcoin when it announced that it would stop accepting Bitcoin payments when buying cars. Immediately, the price of the world’s largest cryptocurrency by market capitalization plunged 5% just minutes after Musk’s announcement. According to the Coindesk , Bitcoin price currently fluctuates at 49,976 USD/dong, down 12.61% compared to 24 hours ago. The market capitalization of Bitcoin also dropped to $937 billion. Also in the press conference, SoftBank CEO revealed that he is holding many stocks with high liquidity such as Amazon, Microsoft and Facebook. He said such an investment decision will help the company hold the edge, ready for future investment opportunities.

This achievement is not made by shark pumps or mentioned by celebrities. In fact, there are three main reasons why Internet Computer has achieved unprecedented success. Internet Computer development team. The first is that Internet Computer was posted on all major exchanges at the same time, thereby creating the effect of fear of missing out (FOMO). This is an extremely important factor, because most virtual currencies will go to small exchanges or decentralized exchanges first (DeFi), making its liquidity and attractiveness much less than on exchanges. big. Next, this project has been cherished for a long time with a very clear information about the developer. The project has been developed by a team of nearly 200 engineers from the UK and Switzerland since 2016. The organization behind Internet Computer then raised about $121 million and began technical development for the coin. The head of this organization, Dominic Williams, also regularly goes on the media to talk about Internet Computer’s 20-year long-term vision and goals. By 2018, the new developer gave more than 50,000 subscribers a certain amount of Internet Computer virtual currency. At the end of last year, the process of testing the official network (mainnet) of Internet Computer has just begun. And on May 10, Internet Computer officially went on the floor. There was a time when the value of Internet Computer was more than 500 USD, equivalent to a capitalization of over 68 billion USD. Finally, the most important is the algorithm and the purpose that Internet Computer aims at. This project aims to provide users with the ability to create supporting software applications themselves instead of using server service providers like Amazon, Microsoft or third parties like Facebook, Google. In other words, Internet Computer is all about replacing DNS, firewalls, antivirus, databases, cloud services, and even VPNs. With decentralization, Internet Computer is expected to break the monopoly of Big Tech giants in the Internet environment. With an ambitious project, developed by a reputable team, it is not difficult to understand when Internet Computer has had an ICO in the Top 10 most successful virtual currencies ever, reaching the market capitalization record $ 68 billion and at one point broke into the Top 4 largest cryptocurrencies in the world before falling to about $ 45 billion with prices fluctuating in the range of less than $ 400.

Internet Computer was introduced to help anyone post any content they want to the internet without going through technology giants like Amazon, Facebook or through servers. commercial cloud service. The founder of this virtual currency project, Dominic Williams, said that Internet Computer was founded with the idea of ​​avoiding corporate barriers and helping to keep costs down. Users can build social media and other services to compete with the big internet companies in the world. Mr. Dominic Williams, developer of the virtual money project Internet Computer This virtual currency’s network uses smart contracts or task software to compete with larger cryptocurrencies like Ethereum. Internet Computer is also “shaking hands” with many other cryptocurrencies and related networks – such as Polkadot, Binance Coin – to overtake Ether. Internet Computer was born in the context of digital money like Bitcoin, Ethereum, Dogecoin is booming around the world, digital money is mentioned everywhere, at dinners to Saturday Night Live on television. country in America. As of 9am this morning (May 12), Internet Computer was traded at $ 370.3, an increase of more than 1% compared to the previous 24 hours. The value of this virtual currency transaction reached $ 1.5 billion, up nearly 90% in 24 hours. The total market capitalization of the crypto market is currently $ 2,480 billion, up from under $ 1,000 billion earlier this year. According to data from CoinDesk, Bitcoin is still the most valuable virtual currency in the world, as each Bitcoin is currently trading at $ 56,956, up 2.43% from yesterday. In second place is Ethereum with a transaction value of $ 4,298, up 8.76%. Dogecoin coin ranked fifth with a transaction of $ 0.508, up 8.91%. HA Cryptocurrency increased sharply, Asian businesses raced to bet on Bitcoin

The constant influx of money into cryptocurrencies has a huge impact on billionaires who run SpaceX and Tesla, who identify themselves as Dogefather (roughly translated: The Godfather of Dogecoin). And if the market crashes, Elon Musk said people could call themselves Elongate, a reference to the Watergate scandal that led to the resignation of 37th US President Richard Nixon. Both Dogefather and Elongate have become virtual currency projects attracting thousands of investors with tens of millions of dollars frantically pouring into projects still on this paper. That’s not to mention the effect that Elon Musk created earlier that made another satirical virtual currency, Shiba Inu, also skyrocket in value. Mark Zuckerberg named his goats Max and Bitcoin, immediately fueling the zoonotic crypto craze. But Elon Musk is not alone, the 50-year-old billionaire will soon feel his shark position being violently shaken by characters who are not less popular. Mark Zuckerberg in a recent post with a very simple caption “My goats: Max and Bitcoin” has fueled the fever of fauna virtual money. In just a few hours, anonymous and worthless virtual currencies such as Pig Finance, AquaGoat, Akita Inu or Pitbull suddenly increased in both value and trading volume. The up and down momentum a few times like this is a true reflection of what’s going on in the world of cryptocurrencies, where small investors (called fryers) are buying and selling massively based on celebrities (yes probably the shark) mentioned. It all stems from the fear of missing an opportunity, a term that is extremely popular in the world of cryptocurrency players called FOMO status. By FOMO, a worthless satirical virtual currency Dogecoin has gone from zero to the fourth largest cryptocurrency in the market with a peak cap of $ 90 billion. Dogecoin, after a series of pump & dump fluctuations and sharks is currently trading around the $ 0.50 mark corresponding to a market cap of around $ 66 billion. Very soon, however, another emerging candidate appeared to threaten the Dogecoin dog’s position, which is the Shiba Inu. Just being listed on the world’s largest exchange, Binance, Shiba Inu has dramatically increased in value with a cash flow of nearly $ 20 billion after 24 hours. Ngoc Trinh also joined the virtual money game with a series of bold PR status statuses. Following this craze is not only the technology world, but also art activists like Cao Thai Son. In recent days, the voice of Rain Road not only constantly mentioned virtual money but also livestreamed to show fans how to wisely invest in the virtual money market. But when Cao Thai Son has not revealed how much money to invest in this market, another Vietnamese “shark” has revealed, that is Ngoc Trinh. In just one red afternoon, “the queen of underwear” immediately posted four lines of status referring to virtual money, in which a status showed off a (fake) account with more than $ 10 million, including nearly $ 900,000 invested in virtual currency Shiba Inu. Removed the latest status because of being exploited to borrow someone else’s account, Ngoc Trinh’s four consecutive status lines still attracted tens of thousands of likes, thousands of comments and shares. Although it was confusing and was judged as a PR trick, Ngoc Trinh still showed the height of the hand of a person controlling the game, leading the fry by writing simple, easy to understand correct style “no money. land to eat ”. At the same time as Ngoc Trinh, on the other side of the hemisphere, billionaire Elon Musk, as usual, continues to have a turbulent tweet when he makes a poll to ask people if they want Tesla to accept payment by Dogecoin coin or not. Currently, 76% of respondents said yes. But again, investors need to be wary of their own pockets, not chasing celebrity calls if they don’t want to be victims of this zero-sum game.

Illustrative image – Photo: Reuters. Ethereum is “occupying waves” in the virtual money market because of its rapid growth. In the past 1 week, the second largest virtual currency in the world has increased by nearly 20%, surpassing USD 4,000 for the first time in the session on May 10. If counted in the past 1 month, Ethereum price has nearly doubled. At nearly 8:00 am on May 11 in Vietnam time, the Ethereum price according to the data on Coinmarketcap.com was $ 3,933, far exceeding the level of $ 176 a year ago. Another virtual currency that has also seen a dramatic rise recently is Dogecoin. However, there is a big difference in the uptrend of Dogecoin and Ethereum that CNBC pointed out. That is, Dogecoin price is pushed up mainly by the status lines (tweets) on the social network Twitter and the “inundation” of the crowd of individual investors on the Reddit forum. Meanwhile, Ethereum has the backing of institutional investors and is heavily chosen for multi-million USD NFT transactions. Ethereum is built on blockchain technology like Bitcoin, but Ethereum’s proponents do not view the virtual currency as a form of “digital gold” – a name attributed to Bitcoin. Instead, many investors, including billionaire Mark Cuban, consider Ethereum to be more applicable. One use of Ethereum is as infrastructure for the decentralized Internet, and people can develop applications on the Ethereum network. With a market cap of nearly $ 482 billion on May 10, Ethereum is now larger than the total capitalization of beverage company Coca-Cola, social network Snap, and Ford Motor, combined. In the world of virtual money, Ethereum is second only to Bitcoin – the virtual currency with a market cap of $ 1.1 trillion. If you bought Ethereum earlier this year, you can now pocket a pretty good return. Ethereum virtual currency price movements in the past 1 year. Unit: USD / Ethereum – Source: Trading View. According to CNBC estimates, with $ 1,000 buying Ethereum on Jan. 1 at $ 731, investors had the equivalent of $ 5,711 on May 10 when Ethereum’s price peaked at $ 4,174. The return on this investment is 471%. This rate of return is higher than the return on Bitcoin investment. If you spend $ 1,000 to buy Bitcoin at the beginning of the year, the investor currently has $ 1,948, equivalent to a near 95% return. However, this does not mean that Ethereum will certainly continue to bring big profits for its investors in the future. Experts always recommend that investors should not pour into virtual money an amount greater than the amount of damage they can accept.

Bitcoin and Ethereum are the two largest cryptocurrencies on the market today. Photo: Getty The days when Bitcoin was the only option for investors looking to get rich in the crypto market are now a thing of the past. Ether, the world’s second-largest digital currency, has just continued to set new records as interest in so-called altcoins continues to soar. Dogecoin, which was originally a joke, now has a market value of nearly $ 90 billion. For the majority of people, the 2 biggest cryptocurrencies still receive the greatest interest. Both Bitcoin and Ether had a great start in 2021, Bitcoin’s price doubled, Ether also more than quadrupled, compared with an 11% increase in the S&P 500 index. Where to invest in Ether Ether is the most commonly used token in the world, and Ethereum is also the currency that Microsoft Corp pays for in exclusive digital art (NFT) purchases and sales, which are causing the ‘ fever ‘in the market recently. Pat LaVecchia, CEO of trading platform Oasis Pro Markets, said, “Ether is a blockchain platform has the same role as the app stores of Apple and Android”. Whereas “Bitcoin is a commodity like gold, or is a store of value”. Unlike Bitcoin, where many features (eg supply) have been fixed since inception, the Ethereum platform is still evolving with updates that promise to help improve the system. It is even possible that regulations change and cause the supply to drop, which will drive Ether prices up. “Investors often see Ethereum as a growth investment, betting on a decentralized ecosystem that continues to evolve,” said Phil Bonello, research director at Grayscale Investments. Bitcoin investment case Although Bitcoin’s lead has weakened somewhat recently, Bitcoin now accounts for about 46% of the total crypto market cap, compared to almost 70% at the start of the year. However, according to crypto tracking firm CoinGecko, it remains the largest digital currency in the world with a market value of more than $ 1 trillion, compared with Ethereum’s $ 380 billion. Bitcoin is still the choice of big businesses. Tesla and MicroStrategy buys Bitcoin, not Ether. When Paul Tudor Jones or Ray Dalio talk about cryptocurrencies, they just talk about Bitcoin. Cornerstone Macro analysts have studied how Bitcoin and Ether prices played during a plunge. They found that when the Bloomberg Galaxy Crypto Index fell 20%, the downside risk for Ether was greater than for Bitcoin and vice versa. If you want to invest in both Anyone who wants to enter the crypto market needs to get used to the huge fluctuations of prices, even for the oldest and largest coins. In addition, this market has countless other risks such as the exchange can be hacked, the management suddenly tightens the management of this currency … Most mainstream financial advisers say that they do not encourage investors to put more than 5% of their portfolio in cryptocurrencies and also warn clients that they need to prepare themselves for the loss. . However, for those looking to get into the crypto space, old advice like diversifying your portfolios and hedging is always true. “Due to diversification opportunities among digital currencies, we should consider investing a small amount of them, rather than just Bitcoin alone,” advises Cornerstone analysts.

Recently, an investment of over $ 200 million has been made to build a mine in the US. This trend is increasing rapidly in North America, according to CoinShares chief strategy officer Meltem Demirors. In March, the US state of Kentucky also passed two bills to reduce taxes for cryptocurrency miners, in order to attract more local workers. With capital released, the construction of a large-scale Bitcoin mining industry in North America has never been so explosive. What happened? China now accounts for 65% of the global Bitcoin mining size, compared with just 7.24% for the US. The exact number may not be the same according to reports from the US and China, but the fact is that the US is far behind on this front. China accounts for 65% of the total global Bitcoin mining capacity (source: Cambridge University) In the early days of cryptocurrencies, American miners were still wondering if their hashrate was paid when contributing to the mining pool. In many cases, miners are paid less than their efforts. Since Bitcoin uses proof of work (PoW), the hash rate becomes what determines what percentage of the miner’s effort is paid off. Proof-of-Work ̣ (PoW) is a consensus algorithm created in the blockchain network, used to validate transactions and produce new blocks in the chain. Meanwhile, hash rate is a measure of the algorithmic ability of a cryptocurrency miner like Bitcoin. Because bitcoin mining involves solving algorithms to confirm transactions, it requires powerful equipment to help find the required hash in the shortest amount of time. But China started to exploit very quickly thanks to cheap labor and electricity prices without having to worry too much about external problems. The country currently leads the world, accounting for about 30% of hydroelectricity and 50% of its coal-fired power generation capacity. The problem of the environment In North America, any act of harmful to the environment is put on the radar of the activists. When the virtual currency craze exploded, Bitcoin mining, which consumes electricity and emits greenhouse gases, quickly became the focus of criticism. Meanwhile, electricity consumption for Bitcoin mining in China will peak at 296.59 TWh by 2024, according to Nature Communications. This exceeds total energy consumption in 2016 by Italy and Saudi Arabia combined. In March, the Bank of America criticized the consumption of one Bitcoin at a price of $ 50,000 for carbon emissions equivalent to 270 tons, equivalent to the internal combustion engines of 60 cars. The PoW mechanism causes Bitcoin transactions to require miners to compete for an algorithm to validate the block on the chain. In return, they are rewarded with Bitcoins for completing difficult problems. So, machines like the ASIC are specifically designed to do this, and they consume tremendous amounts of power. This is actually a security enhancement of PoW, not a bug. If the answers called hashes are too easy to solve, the blockchain network is vulnerable to attack by hackers. However, using a lot of energy isn’t necessarily a bad thing. A company called Crusoe Energy has developed technology to “capture” gas in the central atmosphere at oil wells and use it to power on-site data centers. The company deployed projects in Colorado, Montana, Wyoming, and North Dakota and resulted in a 72% reduction in CO2 emissions compared to burning it. Bitcoin mining is essentially power consuming because it runs 24/7 and needs stable and constant energy sources. Another advantage of Bitcoin is that it uses energy in places far from residential, like mining mines located in remote areas in Xinjiang, China. The big problem today is that Bitcoin is still using fossil fuels and enrich these companies. Only 39% of total energy consumption comes from renewable sources such as wind, water, and solar, according to research from Cambridge University. But even if Bitcoin mining runs entirely on renewable energy, it will create increasing demand for ASICs and disrupt the global supply chain of semiconductors. The end result is a pile of electronic waste that no single green energy source can deal with. The problem could be under control if the industry’s focus was shifted from China to the US, where environmental activists play an active role in curbing energy consumption and carbon emissions. school. Security risks? Aside from the environment, another danger lies in Bitcoin’s consensus mechanism with more than half of the network hashes located in China. That makes it possible for China to control the protocol and reverse transactions. This is a disgrace to Americans when the Internet revolution was initiated in the country of chess, but in the age of cryptocurrencies, China is in control of the game. Cryptocurrency attacks, known as 51% attacks, target a weakness in PoW’s consensus mechanism when a group of people has more than 50% of their hash power. In such attacks, the attacker does not actually steal the virtual currency, but just spends twice the amount he has by executing two transactions simultaneously to two different wallets and defrauding the system. But any exchange with good liquidity can prevent such an attack by setting a withdrawal limit. In the future, the competition of semiconductor chip factories creating more 4.0 shovels is expected to help this industry have global coverage. The end of PoW? Will the PoW mechanism be out of date? After all, Ethereum is emerging with the second largest market cap, preparing to move to a Proof-of-Stake mechanism that significantly reduces energy consumption and speeds up transactions. This mechanism makes it possible for one person to mine or validate block transactions by depositing virtual money into the network. This deposit is locked and returned to its owner after a set period of time, to prevent fraud. Even so, PoW in the 12 years of its existence has demonstrated its ability to prevent any cyberattacks. Meanwhile, PoS still needs time to experiment. Ethereum’s PoS transition phase, which is known as ETH 2.0, was planned 2 years ago and is expected to begin rolling out next July. The new hub of Bitcoin? Neither the US nor China, other emerging countries could soon outperform both thanks to more renewable energy and cheaper operating costs like India. America is thriving, but the gold mines in China cannot disappear overnight unless there are special government regulations. Experts expect that China can drop to 40-50% of the total hash rate within the next three years, and then North America could account for 30%, 20% from Europe and the remaining 10%. scattered in other areas. The problem with the US is that the federal government does not interfere and needs its own policies in states to attract and retain blockchain companies, as is the case with the state of Zug in Switzerland, which is known as the Valley. virtual money of the world thanks to specific policies of the state government. A miner is cleaning the ASIC Several states like Kentucky, Texas, and US cities like Miami are slowly recognizing blockchain as the technology of the future, and experts expect North America to win 10% of the global hashrate next year. Even so, as Bitcoin continues to receive investment, environmental issues will continue to be a major hurdle preventing the explosion of mining pools in North America, said the Hashrate Index expert Ethan Vera. The power failure in Xinjiang on April 16 affected the mines there and indirectly caused Bitcoin to lose 21% of its value from the peak of $ 64,000, possibly the strongest warning to the United States. in the war of cryptocurrencies, the future of humanity. Phuong Nguyen (according to CoinTelegraph)

Mr. Jens Lottner, Chief Executive Officer of Techcombank presented at the AGM Specifically, in the period of 2021 – 2025, the Bank will focus on the most profitable sources such as home loans, CASA, asset management and promote strengths such as high-income customer segments. , real estate, payment. “Along with that, the bank will continue to diversify its revenue sources, participating in areas with potential growth in the future such as SMEs lending, ecosystem development, and partners,” said Mr. Jens Lottner. Mr. Jens Lottner also admitted that, so far, Techcombank has focused on the real estate sector, but this decision is not baseless, but carefully selected about customers. However, Techcombank also has a strategy to diversify into other areas such as telecommunications, energy … industries that play an important role in the economy and not only focus on large customers but small businesses, medium and personal. According to Mr. Jens Lottner, the next way Techcombank has a new vision is to change the banking industry, elevate the value of life. The Bank will serve different customer segments with the mission of leading the digital journey of the financial industry and each individual and organization makes a breakthrough to achieve success. “Outperforming every day, thereby bringing more value to customers and existing and future shareholders”, Mr. Jens Lottner emphasized. Techcombank Chairman and CEO run the Q&A session at the AGM Mr. Jens Lottner added that the Bank aims to reach a capitalization of 20 billion USD in 2025. Along with that, CASA rate will reach 55%; Return on equity (ROE) reached 20%. Techcombank’s market capitalization reached more than $ 5 billion in 2018 and at present it is close to $ 6 billion. Regarding the target of capitalization of 20 billion USD by 2025, are shareholders questioned whether they are ambitious? Techcombank’s CEO said: “The Bank will focus on sustainable, balanced, maintained and continuous growth to reach $ 20 billion by 2025.” In 2021, Techcombank targets a pre-tax profit of 19,800 billion, up 25.3% compared to the result in 2020. Credit balance is expected to reach nearly 356,200 billion, growth of at least 12% year-on-year. last and as far as the State Bank allows. Deposit value (including certificates of deposit for individual customers) is expected to reach VND 334,291 billion, growing at least 14.7% and in line with actual credit growth. “Confident with a new goal in 2021”, Mr. Jen Lottner confirmed. It is known that the restructuring loan balance under Circular 01 of Techcombank tends to decrease gradually over the quarters. From 3.6% in the second quarter of 2020 to 2.8% by the end of the fourth quarter of 2020. Techcombank’s capital adequacy ratio (CAR) is 16.1%. The loan-to-deposit ratio is at 78.1%; The ratio of short-term capital for medium and long-term loans is 33.9%. Notably, this meeting elected a new member of the Board of Directors with the candidate Mr. Ho Anh Ngoc (Chairman Ho Hung Anh’s brother). Thus, the number of members of the Board of Directors of the bank is expected to increase from 8 to 9 people. Looking back at the Bank’s business in 2020, Techcombank’s General Director said that it was an unprecedented difficult year in the world, but it was also an unprecedented year when Techcombank achieved many achievements. 2021 is the end of the 5-year strategy set and also a pivotal year for the next 5-year strategy. It is known that Techcombank has the highest credit growth in the industry, using up the credit limit assigned by the State Bank, in addition, mobilization also increased sharply, especially demand deposits (CASA). Mr. Ho Hung Anh, Chairman of Techcombank said that Techcombank maintains a very strong CASA development strategy, CASA market is only 22%, but Techcombank is up to 46%. “The Bank’s NIM is not high, not because of high interest rates, but because of cheap capital costs, high CASA,” he said.