Kategorie: Bitcoin

Grayscale has evaluated the value of Ethereum in a new report. The report examined the cryptocurrency using three approaches.

The crypto year 2021 has already started more than positively for Ethereum

Due to the boom in the decentralized financial sector (DeFi), on which the Ethereum blockchain is based, the second most valuable cryptocurrency is currently at a new all-time high. At the time of going to press, the price was now over $ 1,762. Grayscale took this development as an opportunity to determine the value of the asset more precisely. Here, examined the biggest asset manager for digital assets the cryptocurrency using three approaches: ether as funds ether as a consumable and ether as interest-bearing asset.

The first part of the report dealt with the money aspect of Ethereum. In many ways, ether is the money of modern times. Because every time a user closes a smart contract on the Ethereum network, provides liquidity for an application, or enters into a trade on a decentralized exchange, Ether would be required to pay the network fees, according to the report. There would be no capacity limits, like with Bitcoin, but the network tries to use only the necessary amount of ETH to secure the network. Competition comes from alternative assets and stablecoins, which are enjoying increasing popularity. The increasing use of Ethereum as a processing network, however, is a positive trend.

ETH as a consumer good

Because fees are due for every transaction in the Ethereum network and the fees even increase with increasing use, problems for Ether could arise. For example, investors might only hold the minimal amount of ETH needed to pay these fees. Although this would increase the processing speed, it would also mean a decline in the price of Ether.

The crypto currency counteracts this by attempting to use “EIP-1559” to “burn” (destroy) ether that arises from transactions. The Grayscale report says that this process will then completely convert Ethereum from a crypto asset into a digital raw material.

In general, the “combustion mechanism” can also take on a deflationary function if, for example, too many ETHs are in circulation. This shortage would then lead to a rise in Ethereum prices, as each unit would have to cover a larger proportion of economic activity.

According to Grayscale, although price fluctuations are still very likely, the transparent tracking within the blockchain protocols makes it relatively easy to analyze or interpret the activity intensity. The report says more precisely:

We can examine the total daily transaction fees taken on the Ethereum network as a measure of demand. Since ether is the commodity that pays those fees, high fees drive demand for ether, just as an increase in travel could drive demand for gasoline.

Phil Bonello, Grayscale Research “Valuing Ethereum“

Bitcoin har nått en ny rekordhög nivå när institutionella investeringar ökar. Willy Woo säger att $ 55 000 är hans nästa mål.

Bitcoin har nått en heltidshöjd på 23 000 dollar efter att ha skalat det kortvariga motståndsområdet 21 000 dollar till 22 000 dollar

Den 17 december, efter att ha träffat 23 000 dollar, har den populära analytikern Willy Woo sagt att 100 000 dollar nu är lite för låga.

Efter att ha träffat 20 000 dollar sattes 21 000 dollar som en milstolpe för Bitcoin för att göra någon betydande uppåtgående stigning. Enligt en Cointelegraph- rapport visade värmekartor från börser att det fanns försäljningsorder för priser mellan $ 21 000 $ 21 500, vilket tyder på att Bitcoin behövde överträffa dessa nivåer för att se mer robust uppåtgående rörelse.

På grund av handelarnas hausseartade natur säger Willy Woo att nästa landmärke är $ 55 000:

”Vi befinner oss inte vid tidpunkten där BTC Top Cap-modellen börjar böja sig uppåt. Låt oss se hur högt hon når 2021. $ 100 000 är ett löjligt lågt mål vid den aktuella banan. $ 55 000 är nästa landmärke -> Bitcoin blir en $ 1T makro tillgångssats. ”

Om Bitcoin når 55 000 $ skulle det motsvara upp till 10% av guldets totala börsvärde. Oavsett vilket pris som överstiger $ 50 000 skulle det leda till en märkbar konkurrens i marknadsvärde för guld.

Ovanstående prognos är trolig, med tanke på den fortsatta ökningen av institutionella investeringar i Bitcoin.

La Massachusetts Mutual Life Insurance Company – une société d’assurance âgée de 169 ans qui a généré 28,6 milliards de dollars de revenus en 2019, a acheté 100 millions de dollars de Bitcoin à partir de son compte général d’investissement, le Wall Street Journal a rapporté le 11 décembre.

Approbation de MassMutual Bitcoin

Une approbation de Bitcoin, MassMutual rejoint d’autres entreprises publiques, y compris MicroStrategy et Square, qui ont investi une somme importante dans l’actif numérique.

La société d’assurance n’a investi que 100 millions de dollars sur les 239 milliards de dollars qu’elle détient sur son compte général d’investissement. Cela pourrait être un montant insignifiant, mais cela démontre que Crypto Trader mûrit et est sûr. C’est un détournement des interprétations précédentes où Bitcoin était considéré comme un outil de blanchiment d’argent.

Expliquant sa décision, la compagnie d’assurance a déclaré que cela faisait partie d’une vaste stratégie visant à se diversifier et à profiter de nouvelles opportunités.

NYDIG, une société de gestion de fonds basée à New York, gérant environ 2,3 milliards de dollars de Bitcoin et d’autres assortiments de crypto-monnaies a facilité leur achat.

MassMutual a également investi 5 millions de dollars dans le gestionnaire de fonds pour une participation minoritaire. Sans mentionner aucun nom, le PDG de NYDIG a également déclaré que d’autres compagnies d’assurance achetaient du Bitcoin à partir de leurs comptes généraux.

Le plus grand sceau d’approbation

Le PDG de River Financial – Alexander Leishman, pris à Twitter en disant l’entrée du géant de l’assurance est le «plus grand sceau d’approbation à ce jour».

Il cite la nature conservatrice des compagnies d’assurance et la façon dont elles sont calculatrices lorsqu’elles investissent dans des eaux inexplorées comme les actifs numériques.

Comparé aux actifs traditionnels comme les obligations ou les actions, Bitcoin existe depuis environ 11 ans. Cependant, c’est pendant cette période que sa valeur a explosé, ajoutant un million de pour cent et surpassant tous les autres actifs au cours de la dernière décennie.

Le compte d’investissement général est l’endroit où les compagnies d’assurance utilisent pour régler les sinistres facturés par les assurés.

«En investissant dans Bitcoin, MassMutual a effectivement signalé que Bitcoin est considéré comme suffisamment sûr et liquide pour que les institutions les plus grandes et les plus conservatrices du monde puissent effectuer une allocation.»

En tant que BTCManager signalé, la nouvelle vient dans la foulée de Fidelity Digital permettant aux clients avec un compte BlockFi, y compris les mineurs, d’emprunter de l’argent avec BTC en garantie.

In 2014 the treasurer of the Bitcointalk forum died and 250 Bitcoins were lost.

At the time, the coins were valued at $ 100,000. 5 years passed and the amount that is now worth $ 24 million began to move. The community then decided to go after it and that’s what they found.

A great mystery existed about the 250 bitcoins lost in 2014 by Bitcoin Code, the largest bitcoin forum in the world. An investigation initiated in 2016 was trying to find out what had happened to the lost amount. A forum treasurer passed away and access to the bitcoins was lost, but to the surprise of many, the coins that were then worth 10x more were moved.

The forum was created by Satoshi Nakamoto in 2009, it was where he had the greatest communication with his followers and where the first bitcoin transaction in history (famous purchase of 2 pizzas) was carried out, it was also there that the term „Hodl“ appeared.

Before disappearing, Satoshi Nakamoto, the creator of bitcoin chose the user identified as Theymos to administer the forum, the anonymous young man received help from a treasury to administer the funds received to pay the forum costs. These funds were used for the structural part and even for the dissemination of the contents and were composed of bitcoins between different portfolios controlled by members of the forum itself.

Paraipan was one of the members who took care of a percentage of the forum funds. But a number of developments ended up making this story a great mystery to the entire cryptomarket.

First we heard that Paraipan had died, but the coins under his control began to be moved months after the supposed death, causing the community to start a „hunt“ for clues that could indicate what was happening.

Many said that everything was just a big coup and a robbery within the largest bitcoin community in the world, for others the story had many more layers.

The supposed death of the BitcoinTalk treasurer and the beginning of a great mystery

As you can imagine, BitcoinTalk is an extremely libertarian community and all problems are solved among its own members, hardly involving other entities or any kind of centralization or legal actions. That’s why stories like this one of Paraipan coins are so interesting, because they show how self-sufficient the community is.

Paraipan, who is a Romanian and his real name is Bogdan-Alexandru Semenciuc, was one of Theymos‘ trusted treasurers and was responsible for managing 250 bitcoins of the community. Paraipan disappeared and remained inactive in the forum from 2014, when people close to him declared that he had passed away, with him 250 bitcoins had been considered lost.

So far „so good,“ but by 2016 the coins he controlled began to be moved between different portfolios.

Theymos himself noticed the strange movement for the first time, publishing in the forum about the money leaving the wallet that Paraipan controlled to other addresses and eventually to brokers.

„Paraipan was controlling 250 BTC for the forum when he unfortunately died. Now, it seems that someone has found his wallet, since these coins are moving. If someone is able to track these coins and retrieve any of them for the forum, you can keep 25% of what was recovered“.

Through any block explorer it is possible to see that there were 250 bitcoins (approximately $ 100 thousand at the time).

But the bitcoins were removed from the portfolio in transactions in 2016, 2 years after the supposed death of Paraipan.

Les mineurs de Bitcoin à Baoshan, dans le Yunnan, se sont vus interdire de recevoir de l’électricité des compagnies d’énergie.

La source affirme qu’il s’agit d’une demande accrue d’intérêt économique de la part des autorités.

Un récent rapport du populaire reporter crypto chinois, Wu Blockchain, a informé que les autorités de la province chinoise du Yunnan avaient reçu l’ordre des compagnies d’électricité de cesser de fournir de l’électricité aux mineurs de Bitcoin Profit de cette région. Les autorités n’ont donné aucune raison à cette soudaine interdiction. Toutefois, le journaliste a noté qu’elle pourrait avoir été motivée par une demande accrue d’intérêts économiques.
Les mineurs de bitcoin du Yunnan arrêtés par l’interdiction de fournir de l’électricité

Selon la source, l’interdiction d’électricité a été signifiée à plusieurs mineurs de Bitcoin dans la région de Baoshan au Yunnan, précisément le 30 novembre. L’évolution actuelle peut avoir un impact sur le hachage du réseau Bitcoin, étant donné le grand nombre de crypto-fermes minières situées dans cette région. Notamment, le Yunnan est la quatrième plus grande province par le hashrate minier de Bitcoin, juste après le Xinjiang, le Sichuan et le Nei Mongol, selon la carte minière de Cambridge BTC.

Déjà, une baisse a été constatée hier dans le hashrate du réseau Bitcoin. De 139 EH/s, le hashrate est tombé à 111 EH/s, selon les informations sur Coinwarz. Il est possible que le développement du Yunnan ait alimenté ce déclin. Cependant, la source a estimé que l’interdiction de l’électricité n’est pas une pression politique sur les mineurs de bitcoin. C’est probablement un moyen pour les autorités d’exiger plus d’intérêt économique.

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Le Yunnan sévit contre les mineurs

En juin, les autorités du Yunnan avaient demandé à de nombreux mineurs de Bitcoin de la région de cesser leurs activités. Les autorités ont déclaré que la plupart des mineurs posaient des risques pour la sécurité, car ils auraient relié leurs fermes aux centrales hydroélectriques locales. Les mineurs ont également été accusés d’évasion fiscale, ce qui a conduit à la fermeture de 64 exploitations minières non autorisées, y compris de nouvelles installations minières.

Anthony „Pomp“ Pompliano says Bitcoin is the winner of the bid and ask exercise.

Pomp wouldn’t be surprised if the price of bitcoin hit $ 100,000 before the end of 2021.

The supply shock can catapult bitcoin to a new ATH.

As Bitcoin (BTC) seeks a new all-time high (ATH), noted permabull Anthony ‚Pomp‘ Pompliano, said the largest crypto by market cap could cross $ 100,000 per ‚coin‘ before the end of 2021 .

Several Bitcoin supporters are forecasting a parabolic rise in the price of BTC in the current bullish streak. BTC is currently up over 168% year-to-date (YTD).

The confluence of the winds propels the soaring bitcoin prices

Speaking to CNBC on November 25, Pompliano, co-founder of crypto asset hedge fund Morgan Creek Digital, described Bitcoin as „the winner of the bid and ask exercise.“

According to Pomp, the current price of BTC is due to a convergence of several factors forcing increased demand for a scarce asset.

In May, Bitcoin saw another halving event as block rewards become even rarer. This step meant a further reduction in the daily supply of BTC amid growing demand for the popular cryptocurrency.

Speaking in the interview, Pomp identified the growing pivot towards inflation-hedging assets and the desire for long-term HODLing as triggers for upward action in BTC prices .

The Morgan Creek Digital co-founder also pointed to the supply shock brought on by massive whale buying activities like PayPal and Square.

Even though bitcoin is still trading at around $ 700 less than its ATH, over 97% of BTC addresses are profitable. Indeed, long-term HODLing seems to be the dominant investment logic among holders.

Pompliano also highlighted the growing institutional appetite for bitcoin, as seen in recent months. State-owned companies like MicroStrategy and Square are now adopting BTC as a cash reserve asset instead of cash .

Wall Street leads 2020 bullish lead

Unlike the 2017 surge, the current upward progression seems much quieter, with Bitcoin searches on Google falling far below the levels seen three years ago. For Mike Novogratz , founder of Galaxy Digital:

“This rally is driven by institutions that are slowly entering space, wealthy individuals, hedge funds, real institutions. Bitcoin has become a macro asset. “

As is the case during bitcoin’s bullish times, many commentators are particularly bullish with the BTC price predictions. Speaking in the interview, Pompliano said the price of bitcoin could reach $ 100,000 before the end of 2021.

According to Pomp, if the emerging institutional consensus regarding Bitcoin solidifies, then the price of BTC should easily climb even these high cliffs.

In the midst of this parabolic advance driven by the big money players, some stakeholders are claiming that Bitcoin will begin to challenge gold as a de facto inflation hedging asset.

In 2020, developers should abandon the launch of cryptocurrency exchanges if they are driven by a desire for fast earnings. This was stated by Pavel Shkitin, CEO of Nominex, during an online conference at ForkLog „Centralised Exchanges and DEX: pros, cons, differences“.

According to the expert, this is not the best time for the emergence of new trading platforms, as supply exceeds demand.

„It was necessary to launch the exchange in 2017. In 2020, you will have to work in a market that does not need your solution. You must be confident in the multiple growth of the kryptor market,“ said Pavel Shkitin.

If the opening of the exchange is an end in itself, its creators must be prepared within two years to carefully develop the product and take into account the possibility of losing the invested funds.

„We will have to invest our own money, because ICO/IEO models are dead and venture capitalists are not ready to take high risks,“ the expert explains.

An important aspect will be having a strong technical team and experience in launching successful cryptographic projects.

There is a huge gap between centralized Bitcoin Future and decentralised platforms in terms of tools and ease of trading, the expert points out:

„CEX is suitable for daily trading and earning. No DEX allows you to trade such a wide range of currencies, as cross trades are quite limited. Decentralised platforms offer a profitable farming strategy, but it is difficult to predict how long it will stay in trend.

Regulated and unregulated exchanges have their disadvantages. Most users do not want to „shine“ their digital assets and pay taxes when regulated, but unregulated platforms have a high risk of dumping and losing money.

„Users will come to the crypt currency exchange if it has a convenient trading terminal, the ability to register without KYC, a lot of liquidity, a powerful partnership programme and a widely applicable exchange token,“ says Pavel Shkitin.

An additional plus will be finding the platform in the top 50 CoinMarketCap, readiness to pay and train its users.

„During the first year, the new exchange will not be able to earn money – it will have to spend a lot of money and work for the future. Even advertising will not pay off in the short term,“ added Shkitin.

Kava-CEO Brian Kerr: DeFi wird 2021 der Dominanz von Ethereum entkommen

DeFi wird aufgrund aktueller Netzwerkprobleme aus dem Griff von Ethereum ausbrechen, während der Sektor noch stärker vernetzt wird, so der CEO von Kava, Brian Kerr.

CryptoPotato hatte kürzlich die Gelegenheit, Brian Kerr – den CEO des DeFi-Projekts Kava – zu interviewen. Kava, das auf dem Kosmos als Proof-of-stake-Blockkette aufgebaut ist, ermöglicht es bei Bitcoin Investor den Benutzern, Tokens zu setzen und als Validatoren am Netzwerk teilzunehmen.

Das Projekt erblickte das Licht der Welt als IEO auf Binance Launchpad. Laut Kerrs Projektbeschreibung handelt es sich um eine „eigenständige Blockkette mit interoperablen Brücken, Kettengliedorakeln, einzigartigen Validierern und anderer Infrastruktur, die es ermöglicht, eine Grundlage für eine breite Palette dezentralisierter Finanzanwendungen zu schaffen, die Benutzer in jedem Ökosystem der Branche erreichen können“

Der Zustand der DeFi in den nächsten bis zu 10 Jahren

Kerr erläuterte nicht nur die Verdienste des Kava-Projekts, sondern teilte auch seine Ansichten über den aktuellen Stand von DeFi, seine Rolle in der heutigen digitalisierenden Welt und darüber, wie es im nächsten Jahrzehnt funktionieren könnte.

Kavas CEO bemerkte, dass der Sektor seine Höhen und Tiefen haben werde, aber „über den aktuellen Hyper hinaus werden einige sehr interessante Finanzprodukte eingeführt, die das Potenzial haben, sehr groß zu wachsen“.

„Was wir Anfang dieses Jahres gesehen haben, war die Bevorzugung von Stablecoins durch den Markt gegenüber BTC, ETH und anderen Vermögenswerten auf Geldmärkten wie Compound. Dieser dramatische Mentalitätswandel auf dem Markt führte dazu, dass Milliarden in die führenden Protokolle flossen.

Kerr stellt sich vor, dass der DeFi-Bereich im nächsten Jahr noch stärker vernetzt sein wird. Die Rolle von Ethereum wird schließlich abnehmen, obwohl es jetzt unangefochtener Marktführer ist. Nichtsdestotrotz werden Themen wie Netzengpässe und hohe Gasgebühren seine Dominanz verringern.

Kerr glaubt jedoch auch, dass eine „Fülle“ neuer zweifelhafter DeFi-Anträge auftauchen wird, die eher „Ausstiegsbetrügereien und reinen Ponzi-Schemata ähneln werden, statt irgendwelchen echten Finanzprodukten“.

In den nächsten fünf Jahren werden zentralisierte Plattformen beginnen, immer mehr DeFi-Protokolle zu integrieren. Laut Kerr wird dies ein besseres Benutzererlebnis schaffen und den DeFi-Markt potenziell in die Lage versetzen, die Zahl der Privatkunden zu erhöhen.

Wenn es um seine 10-Jahres-Prognose geht, ist es ein „Spiel für jedermann“, und er bezweifelt, dass selbst die größten Idealisten eine genaue Einschätzung darüber abgeben können, was und wie sich die Landschaft in dieser Zeit verändern wird. Schließlich „war Bitcoin vor zehn Jahren noch ein Kleinkind, und wir hatten noch nicht einmal Ethereum“.

Die erste App auf KAVA

Kerr bezeichnete Harvest.io als die erste Anwendung, die auf dem Kava-DeFi-Hub aufbaut. Er stellte fest, dass die Infrastruktur von Kava es ermöglicht habe, dass Harvest.io „der erste kettenübergreifende Geldmarkt der Welt“ geworden sei. Benutzer können Harvest.io nutzen, um Kredite zu vergeben, zu leihen und mit Vermögenswerten wie BTC, XRP, USDX und anderen zu verdienen.

Die App verfügt auch über ein eigenes Governance-Token – HARD. Das Token wird den Teilnehmern im Netzwerk zur Verfügung gestellt und befähigt sie, über entscheidende Parameteränderungen der Anwendungen abzustimmen.

„Was wir bei Kava und Harvest tun, ist das Zusammenstellen von Finanzprodukten und -dienstleistungen, die den Nutzern und allen Arten von Krypto-Assets einen zusätzlichen Ertrag bringen können“.

Kerr erklärte, dass Kavas Jahrespläne den Ausbau der kettenübergreifenden Brücken vorsehen, damit neue Anlagen auf dem DeFi-Hub der Plattform genutzt werden können. Darüber hinaus wird Kava mehrere Anwendungen entwickeln, die diese Vermögenswerte als Sicherheiten nutzen werden. Der Start von Harvest v2 ist ebenfalls für die kommenden Monate geplant, gefolgt von einer AMM-Anwendung und einem DeFi-Robo-Berater.

Auf breiterer Ebene plant Kava den Aufbau weiterer Beziehungen zu Industrieorganisationen, um seine Produkte weltweit an Millionen von Menschen zu vertreiben. In den nächsten 5-10 Jahren wird das Protokoll „auch unsere Partnerschaften mit Unternehmen und Finanzinstitutionen weiter ausbauen, da DeFi für die Mainstream-Teilnehmer immer schmackhafter wird“.

Interlay vil implementere PolkaBTC-prosjektet i første kvartal 2021.

Viktige takeaways

• Polkadot har kunngjort at de vil jobbe med å bringe Bitcoin til sitt økosystem.
• PolkaBTC-prosjektet vil bli implementert av Interlay-teamet.
• Dette vil bringe Bitcoins likviditet til DeFi-applikasjoner på Polkadot og dets nettverk av fallskjerm.

Med over 1,6 milliarder dollar i Bitcoin som nå sirkulerer på Ethereum blockchain, håper Polkadot å ta et stykke av markedet med sitt nye PolkaBTC-token.

Polkadot introduserer Tokenize Bitcoin

Blockchain-team jobber for å gjenskape den store suksessen med tokeniserte Bitcoin-prosjekter som pakket Bitcoin Era (wBTC). Polkadot har svart på denne populariteten og lanserer et lignende Polkadot-basert Bitcoin-token på nettverket.

Interlay, et utviklingsteam nært knyttet til Polkadot, vil lede arbeidet. Interlay sier at den vil fullføre implementeringen av „PolkaBTC“ når den lanserer BTC Parachain i Q1 2021. For å gjøre prosessen sikker, vil BTC Parachain stole på Xclaim-rammeverket, skrev Interlay-teamet.

En kryss-bro vil ombord Bitcoins likviditet til Polkadots økosystem. Etter at BTC Parachain ble satt i drift i Q1 2021, vil brukerne kunne låse sin Bitcoin og utstede PolkaBTC, som er 1: 1-støttet. På samme måte, for å løse inn Bitcoin, må brukerne brenne PolkaBTC på BTC Parachain.

Tokenized Bitcoin for hvert nettverk

Tokenizing Bitcoin er ikke et nytt konsept og eksisterer allerede i mange former på Ethereum i former som BitGo’s Wrapped Bitcoin (wBTC) og Keep Network’s tBTC.

Den totale verdien av innpakket Bitcoin (wBTC) på Ethereum har allerede overgått en milliard dollar og brakt en enorm mengde likviditet til DeFi-apper.

Fordelen med Bitcoin på Polkadot er at nettverket er svært interoperabelt. Dette betyr at BTC kan gjøre mer ved å samhandle med flere blokkeringer samtidig. Dette betyr at DeFi og PolkaBTC kan spre seg raskt utover bare Ethereum-økosystemet.

ACuotaz.com is an instant financing product for e-commerce, which will compete directly with credit cards in Peru

The Fintech sector in Peru has seen the recent launch of aCuotaz.com, an instant financing product for e-commerce, which will compete directly with credit cards. This was reported by El Economista America, on October 7th.

As explained in an article in the newspaper, this system uses technology and an alternative scoring method developed in the last four years by Apurata.com (a Peruvian fintech company specializing in microcredits). „Users do not need to have a credit history to access credit,“ they explained.

On the other hand, the publication highlighted that the Covid-19 pandemic and compulsory social isolation pushed thousands of Peruvians to make purchases without leaving home. „Thus, during the first half of 2020, online purchases grew by more than 44%, according to data from Ipsos Peru,“ they said in the article.

However, Patrick Wakeham, CEO of Apurata.com, commented on this context:

„This growth could have been higher, but has been limited, among other things, by the low penetration of credit cards in the population“

Online shopping in Peru

„According to the Peruvian Chamber of E-Commerce (CAPECE), 63% of online purchases in Peru are made with credit cards, however, only 9% of adults have one,“ explained El Economista America.