The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to Today’s
According to Gazette, the U.S. Federal Reserve is planning to launch FedNow, a real-time payment settlement service, in 2023 or 2024 to enhance the country’s payment infrastructure. The service is available 24 hours a day, year-round, with an initial limit of $25,000. Since Monday’s announcement, XRP community members have been considering the negative impact FedNow may have on XRP’s utility in the future.

The Crypto
Dog tweeted: “Curious to see Ripple’s reaction to FedNow. It’s clear (at least some) XRP holders are feeling the heat – just look at Google searches. Not trying to spread FUD, but "Looking forward to seeing how it plays out," said Credible, a well-known cryptocurrency analyst.
Crypto quickly responded to The Crypto Dog on Twitter, refuting claims that the emergence of FedNow could have a negative impact on XRP.

He mentioned the fact that in 3-4 years, XRP will definitely have all the turf in the payments industry before FedNow can go live. He noted that the initial $25,000 cap plan looked ridiculous and said the Federal Reserve
Reserve) board does not appear to be competing with Ripple.

In 2008, Satoshi Nakamoto released the Bitcoin white paper announcing the birth of Bitcoin. Now 10 years later, Bitcoin has become increasingly recognized as an alternative investment. After the last round of bulls and bears, Bitcoin has also passed the barbaric development stage and begun to gradually become mature and rational.

Since the beginning of this year, Bitcoin has risen from US$3,000 to US$14,000, an increase of more than 350%. Behind the surge is the result of many positive factors. So what will be the trend of Bitcoin in the future? This article aims to analyze it from multiple aspects to provide Provide some reference for investors to invest in digital currencies.

The decline further intensified, and the trend went downward again in the early morning, falling to 11330. The hourly MACD indicator divergence has also been eased. The current trend is consolidating around 11400, and the STOCH indicator is running near the 20 horizontal line. The downward trend has touched the bottom of the short-term trend. There will be a slight adjustment, but the overall trend is still downward. The four-hour trend is running near the middle track of the Bollinger Bands. Further downward trends will continue to put pressure on this area. Subsequent downward adjustments that break this area are likely to reach the 10,000 area. , then in the short-term trend, we should pay attention to whether the 11200 line will be broken. If the mark is maintained, the bulls will still have the ability to counterattack.

Walmart launches digital currency

In the retail industry, Walmart is also going to enter cryptocurrency and will accelerate its application in the retail industry in the future. On August 1, a document disclosed by the U.S. Patent and Trademark Office showed that the American retail giant Walmart was applying for its own digital currency patent.

The document shows that the patent applied for by Walmart this time is "a system and method for building digital currency through blockchain." Some analysts believe that this may indicate that Walmart is developing its own cryptocurrency.

Walmart said the proposed digital currency project could provide users with a place to store wealth with zero or low fees. Easily redeemed and converted to store cash at select retailers or partners. The account can even generate interest, the document adds. At the same time, the cryptocurrency may be pegged to a national currency, such as the U.S. dollar, so funds can be added or withdrawn easily. In some implementation scenarios, it can also be associated with other digital currencies.

Walmart proposed that for low-income families who cannot enjoy the expensive services of traditional banks, the launch of its digital currency can "provide an alternative way to deal with wealth issues in an institution and meet most of their daily financial and product needs." Walmart says "blockchain-protected digital currency" could eliminate the need for credit and debit cards. "Digital currency can act as a pre-approved biometric credit. A person is their own 'credit card' to a bank of digital value." .

Will it follow in the footsteps of Libra?

Previously, on June 18, the official website of Facebook's global digital cryptocurrency Libra was officially launched, and the Libra white paper has also been announced. According to the white paper, Libra will establish a simple, borderless currency and financial infrastructure that serves billions of people. Libra has received widespread attention since its launch. On the one hand, it has pushed digital currency to a new climax, and on the other hand, it has caused concerns among regulators in various countries.

Libra is a blockchain encrypted digital currency led by Facebook. Its main features include: In terms of organizational structure, Libra
The issuance management of Libra is implemented by a non-profit, decentralized association whose members cover multiple industries such as payment, telecommunications, and blockchain; in terms of technology, compared with other digital currencies, Libra
The three core technologies make it more secure and reliable; in terms of currency characteristics, Libra reserves
100% linked to a basket of bank deposits and short-term government bonds, it has the advantages of stability, low inflation, universal acceptance and fungibility around the world.

The purpose of the Libra project launched by Facebook is similar to that of Walmart, which is to provide low-cost, borderless value transfer and establish a digital currency network. Facebook Head of Cryptocurrency David
Marcus has made it clear that the purpose of Libra is payment and transfer. People will not use Bitcoin with high price volatility to buy things, nor will they use Libra with stable price to invest. Industry analysts believe that Wal-Mart's submission of a patent application may indicate that it will enter the wider field of digital currency. However, given the huge controversy surrounding Libra, Wal-Mart's digital currency path may not be easy to follow.

The first year of blockchain commercial applications?

The core advantage of blockchain is that it serves as a trusted infrastructure and reduces trust costs. Blockchain has the technical characteristics of data tamper-proofing and is a trusted data processing and storage technology. Blockchain is suitable as a trusted infrastructure to carry high-value and high-trust-cost businesses in scenarios where there is a lack of trusted entities.

It is worth noting that the implementation of application scenarios is the key to the development of blockchain, and many applications have been implemented at home and abroad. These include the Libra project launched by Facebook.