GameStop kort klemme og Bitcoin har meget mere til fælles, end det ser ud på overfladen, ifølge Paolo Ardoino.

Har skabt et positivt lys på Bitcoin

Den pludselige stigning i aktier som GameStop (GME) har skabt et positivt lys på Bitcoin (BTC), da flere detailinvestorer ser ud til at „skinne mod“ den finansielle status quo, ifølge Bitfinex CTO Paolo Ardoino.

Bitcoins pris toppede nord for $ 38.500 på fredag, ligesom amerikanske aktier afsluttede deres værste handelsuge siden oktober. Forskellen mellem BTC og aktier skyldtes til dels en massiv kort pres af institutionelle investorer fra en Reddit-gruppe kaldet r / WallStreetBets. Reddit-købsvanen var centreret omkring GameStop, forhandleren af ​​videospil og forbrugerelektronik.

Elon Musk, verdens rigeste mand, tilføjede også Bitcoin-symbolet til sin Twitter-side og muligvis signaliserede hans nyfundne støtte til den digitale valuta.

Paolo Ardoino mener, at GameStop-sagaen kun er begyndelsen på et masser oprør mod den økonomiske status quo, og at Bitcoin står til at drage fordel af denne fortælling.

„Bitcoin er stigende igen, da GameStop-udgaven er i centrum,“ fortæller Ardoino Cointelegraph. „Som talsmænd for detailinvestorer overvejer den nuværende struktur og praksis på de finansielle markeder, er det vigtigt at bemærke, at meget af det arbejde, der udføres i blockchain-rummet, er inspireret af disse barrierer.“

Han fortsætter:

„Fjernelse af hindringer for normale, hverdagsarbejdende mennesker, der bygger og søger rigdom voksende muligheder, har altid været en del af kryptos etos.“

Efter at Robinhood – en handelsplatform

Detailmængden fik et betydeligt slag i sidste uge, efter at Robinhood – en handelsplatform, der angiveligt bemyndiger den lille fyr – suspenderede handel med GME og andre aktier i frygt for ekstrem volatilitet. Der blev anlagt en gruppesøgsmål mod Robinhood kort derefter.

Ardoino er ikke den eneste, der tror, ​​at Bitcoin vil drage fordel af GME-kortpresset. Anthony Scaramucci, grundlæggeren af ​​en hedgefond SkyBridge Capital på milliarder dollars, mener, at GME er „mere bevis på, at Bitcoin vil fungere.“

I mellemtiden kaldte Galaxy Digital’s Mike Novogratz GME-melt-up en „kæmpe godkendelse af DeFi“, eller decentraliseret finansiering, som repræsenterer en af ​​de største brugssager til blockchain-teknologi.

Thanks to a short tweet from the Tesla boss, the Dogecoin shot up today.

The joking crypto currency Dogecoin ( DOGE ) gained almost 25% on December 20th, after Tesla CEO Elon Musk once again drew the community’s attention to the „Meme-Coin“.

At irregular intervals, Musk, who himself was involved in founding PayPal and accordingly has specialist knowledge of digital payment systems, repeatedly speaks about Bitcoin ( BTC ) and the crypto market, to which he usually reacts noticeably.

In July 2020, Musk had proclaimed the “Dogecoin Standard” analogous to the gold standard , which gave the DOGE a jump of 14%

The reason for such a gain after a tweet from Musk is easy to explain. As crypto market researcher Hasu explains , the prices of the crypto market are “driven by attention”. So if a cryptocurrency suddenly gets more attention, and Musk is one of the most colorful personalities in business and social media, then its price will rise significantly in the short term.

In the middle of it all, he suddenly wrote, „I’ll only say one word: Doge“, which in turn triggered a hype on crypto Twitter. The Dogecoin immediately made it into the trends of the social network, especially after the Tesla boss wrote „former CEO of Dogecoin“ on his Twitter résumé.

According to data from CoinMarketCap, the Dogecoin currently has a market capitalization of $ 549 million. Compared to the big crypto currencies Bitcoin, Ether ( ETH ) and some DeFi cryptos, this market value is still relatively small.

The DOGE ranks 44th among the cryptocurrencies, which means that the trading volume and liquidity of the coin are also significantly lower

Because of these conditions, the tweet of a prominent figure like Musk can make it all the easier for the DOGE rate to suddenly skyrocket.

In November, some altcoins had made a similar price jump when the soaring of Bitcoin drew increased attention to the crypto market. In the slipstream of the market leader, XRP was able to climb to 0.90 US dollars.

DOGE as the starting signal for the Altcoins?

Some crypto analysts point out that considerable upswings in the DOGE in the past have always been finger time for a subsequent uptrend in altcoins as a whole. This is how the trader notes „Crypto Capo“:

„Every old season begins with a high for DOGE.“

The probability that the „alternative cryptocurrencies“ (Altcoins) will go up in the near future is high, because the market leader Bitcoin is facing fierce resistance at the 25,000 US dollar mark .

In this regard , the expert explains that Bitcoin will initially fail at the 25,000 US dollar hurdle, which means that it goes back to support at 21,000 US dollars. From here an upswing of up to US $ 30,000 would be conceivable.

The biggest beneficiary of such a scenario would again be the altcoins, because, as Capo believes, traders would switch to riskier cryptos in this case to compensate for Bitcoin’s dwindling chance of profit.

The current upswing of the DOGE could once again prove to be the starting signal for the Altcoins.

Startup Sovryn has raised $2.1 million in investment and launched a decentralized exchange (DEX) with crediting capabilities.

Sovryn’s DEX is powered by smart contracts platform RSK. The developers promise to launch a decentralised management mechanism this month.

The Sovryn exchange offers credit and non-custodial Bitcoin Code trading in bitcoin, USDT and the Dollar on Chain (DOC) stackcode.

„Bitcoin has created a decentralised monetary system. Thanks to Sovryn, we are providing bitcoin with a decentralised financial system,“ stressed Edan Yago, a spokesperson for the project.

Sovryn has received funding from Greenfield One, Collider Ventures and Monday Capital.

Earlier, ForkLog reported on RSK’s development of a tool for interaction between bitcoin and DeFi token service Aave.

Den bästa kryptostrategen och näringsidkaren Michaël van de Poppe kartlägger de möjliga scenarierna för Bitcoin, Ethereum och XRP när den ledande kryptovalutan spricker till en ny heltidshöjd på flera kryptobörser inklusive Binance, Bitstamp och Kraken.

I en ny strategisession säger Van de Poppe att han tror att Bitcoin ännu inte är redo att gå över nyckelmotståndet till 20 000 dollar.

”Troligtvis när du kommer in i avståndsmotståndspunkten kommer vi att vända och testa intervallet lågt igen. Jag förväntar mig inte att vi kommer att se en fortsättning från denna punkt här ($ 19.000) om inte vad jag just sa, där jag förväntar mig att vi åtminstone kommer att gå till detta testintervall låga som också är CME (Chicago Mercantile Exchange) till $ 17 000, och ett gap som detta blir vanligtvis fyllt.

Så då kan vi få det här scenariot där vi kommer att hugga runt i detta intervall mellan $ 16 000 och $ 19 000.

Det mindre troliga scenariot är att vi avvisar, kör tillbaka till $ 18,300 och sedan faller ner till $ 14,000, och sedan börjar vi accelerera. ”

När man tittar på Ethereum förutspår näringsidkaren att den ledande smarta kontraktsplattformen sannolikt kommer att korrigeras när den följer Bitcoins ledning.

„ETH vid den här tiden är vi precis vid intervallet högt, vilket liknar Bitcoin Revolution i allmänhet … När Bitcoin börjar korrigera, misstänker jag att ETH kommer att korrigera också … Om vi ​​förlorar den senaste höjden runt $ 589 vilket betyder att om vi tappar så här och omedelbart avvisar vi 589 $, ger det en kort utlösare och då tittar jag på detta intervall (cirka 490 $). “

När det gäller ETH / BTC förväntar sig Van de Poppe att paret fortsätter att konsolideras mellan 0,026 och 0,032 fram till slutet av februari 2021. Vid den tidpunkten ser näringsidkaren ETH / BTC ta ut områdesmotstånd på 0,032.

Näringsidkaren håller också ett öga på XRP. Van de Poppe förväntar sig att den tredje största kryptotillgången kommer att konsolideras och handlas med support på 0,58 dollar.

“Trevligt studsa upp men nu avvisar. Detta är den avgörande brytaren som vi hade ($ 0,58). Den avgörande brytaren som kan misslyckas är $ 0,617. Så när vi bryter oss ner och vi avvisar är det poängen. ”

La dernière fois qu’il y a eu autant d’utilisateurs actifs par mois, Bitcoin sortait d’une nouvelle période de vacances.

Environ 19,6 millions d’adresses Bitcoin ont envoyé ou reçu des CTB au cours du mois de novembre.

Selon le fournisseur de données en chaîne de blocs Glassnode, c’est le troisième chiffre le plus élevé jamais atteint pour un seul mois, après janvier 2018 (19,67 millions) et décembre 2017 (21,64 millions).
Les adresses Bitcoin actives approchent un nouveau pic. Image : Glassnode

Il n’est pas surprenant que le nombre d’adresses actives se soit aligné sur le prix de Bitcoin au cours des dernières années. À mesure que le prix monte, l’intérêt pour le commerce augmente, ou vice versa.
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Le rallye des bitcoins (et le précédent sommet historique en termes de prix) de fin 2017 et son effondrement ultérieur début 2018 ont généré une énorme pression en faveur des bitcoins. Pour le mois de décembre 2017, le nombre de nouvelles adresses est monté en flèche pour atteindre plus de 17 millions.

Si ce nombre semble élevé, c’est parce que la plupart des adresses Bitcoin (il y en a maintenant plus de 740 millions, au total, selon Glassnode) ne contiennent pas de Bitcoin et ne sont donc pas actives.

Le nombre d’adresses actives a commencé à augmenter en début d’année, lorsque le prix des bitcoins a commencé à grimper. Le 9 novembre, le nombre d’adresses actives pour la journée était de 1,18 million.

Le prix de Bitcoin a récemment atteint son plus haut niveau historique et se situe autour de 19 000 dollars par pièce.

Le Venezuela arrête des suspects dans un casse de 2 millions de dollars de bitcoin

Les autorités vénézuéliennes ont arrêté deux individus qui auraient piraté les serveurs d’un central de cryptage local et volé 101 Bitcoin.

Comme si les sanctions américaines, la volatilité économique et un gouvernement parfois hostile ne suffisaient pas, les commerçants vénézuéliens doivent également faire face aux pirates informatiques.

Le Corps vénézuélien d’enquêtes scientifiques, criminelles et pénalistes (CICPC), l’équivalent du Federal Bureau of Investigation aux États-Unis, a récemment annoncé l’arrestation de deux individus qui auraient réussi à pénétrer les serveurs d’une plateforme de commerce vénézuélienne, volant 101 Bitcoins (d’une valeur de plus de 1,9 million de dollars).

José Manuel Osorio Mendoza, 33 ans, et Kelvin Jonathan Diaz, 34 ans, sont accusés d’avoir pénétré par effraction dans les serveurs de Bancar Exchange, l’un des quelque douze bureaux de change cryptés autorisés à fonctionner au Venezuela. Après avoir contourné la sécurité de la plateforme, ils auraient procédé à des transferts de bitcoins et de fiats vers divers comptes qui leur sont associés.

Bien que les pirates aient utilisé des protocoles d’obscurcissement pour tenter de brouiller les pistes, la police a pu remonter jusqu’à une société, Proinsa, bien que l’on ne sache pas exactement quel est le lien des suspects avec cette société.

No democracy without trustworthy elections? MIT researchers have strong doubts as to whether the blockchain has a future-proof solution when it comes to voting.

The allegations of election fraud brought forward by the outgoing US President Donald Trump are putting the democratic process under pressure. This development has sparked thought about whether the election procedure could not be better protected from allegations and actual attempts at manipulation. Famous representatives from the crypto space formulated a solution that could be expected : Blockchain-based elections. But of all things, the Massachusetts Institute of Technology (MIT) recently put a damper on these plans.

Scientists from the renowned research institute presented the results of a study on November 6thpublished on the security aspects of blockchain and other online voting systems. The authors arrive at a clear result:

Internet- and blockchain-based voting would significantly increase the risk of undetected, nationwide elections being lost.

Online voting has too many points of attack

The researchers say they are positive about efforts to make elections more efficient and to remove obstacles that (especially in the US) prevent certain groups of voters from voting. Nevertheless, they have reservations that speak against voting via the Internet and blockchain.

They remind you that the security concerns in elections are of a different dimension than in online shopping and Co. After all, there is no insurance against a “failure of democracy.” As long as it cannot be sufficiently ensured that all votes are counted correctly, they ran all efforts to improve the electoral procedure come to nothing.

A key argument here is that Internet-based attacks are much easier to carry out on a large scale. They may be hard to spot. The cost of such an attack is also much lower. MIT researchers also point out that the security of devices that are part of the voting system depends on too many factors:

Errors in the voting system can be caused by the provider of the voting software, the hardware manufacturer, the manufacturer or a third party who maintains or supplies the code for these organizations. The voter who uses a telephone to cast their votes depends not only on the telephone provider, but also on the hardware companies that provide drivers for the device […]

What does blockchains offer?

As far as blockchain elections are concerned, the authors note the same fundamental reservations as with other online systems. Consensus mechanisms and encryption are not enough for them to allay their concerns.

First, they are discussing a model in which votes are cast via tokens on a public blockchain. Each voter sends a public key to a blockchain-based electoral roll. He then receives a coin with which he can vote for his candidate. The MIT researchers see the problem here that the ballot papers are not secret, since all votes are cast publicly. This opens up mechanisms of influence such as the purchase of votes (“I can prove that I voted for candidate XY”) or an agreement between miners. In addition, public blockchains are vulnerable to DDOS attacks.

Permissioned blockchains should not be able to solve the problems either. On these centrally managed blockchains, depending on the setting, the problem could arise that the users cannot verify whether their vote was actually counted.

Finally, they discuss an elective solution based on zero knowledge proofs. Information can be confirmed here without sharing it. Thus, secret elections seem possible, in which the voting can still be verified. However, here too there is no satisfactory mechanism against influencing and buying votes for the authors.

Finally, the authors also rate key management as fundamentally problematic. In particular, voters who are not particularly tech-savvy could have problems here.

Bitcoin (BTC) received a major crypto boost that led it to reach a new high in 2020, where will it go? mass adoption?

Yesterday the leading crypto, Bitcoin (BTC), managed to break the key level of $12,000 for the third time in 2020. The question at the moment: will it manage to stay? And today Bitcoin surprised us all after setting a new record for 2020.
Bitcoin Gets a Boost to the Moon

Today PayPal announced that its customers will soon be able to buy, sell, and even spend Bitcoin and other crypts. What?!

„The shift to digital forms of currency is inevitable, bringing clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payment system; and the ability of governments to disburse funds to citizens quickly,“ said Dan Schulman, PayPal’s president and CEO.

Let’s keep in mind that PayPal is one of the largest payment providers in the world today. In fact, according to Statista, it has 346 million active accounts and $222 billion in processed volume in the second quarter of 2020. The impact of this news is huge!

Right now, Bitcoin’s price stands at USD 12,767, a 6.94% increase in the last 24 hours.

Just think of the possibilities for crypto. Basically, the doors have just been opened to 346 million people; the possibilities in terms of adoption are incredible.

This is how PayPal managed to push Bitcoin to set a new record in 2020.

The news wasn’t exclusively positive for Bitcoin. Wall Street also reacted positively, driving PayPal’s share price (PYPL) to $215.87, surpassing its previous record high of $212.38.

Bitcoin surpassed $12,000

1.8 million BTCs have been inactive for more than 10 years

According to Glassnode’s data, 10% of the total Bitcoin supply has been idle for more than 10 years; this means that more than 1.8 million of the leading crypto, or $22 billion, has not been moved in that time.

The average value of each Bitcoin transaction (BTC) increased 500%.

Leading crypto is more popular on Reddit than sex

A user on Reddit noted how the world has changed after r/Bitcoin reached 1,707,705 million subscribers. While r/sex has just over 1.7 million.

This means that in the Redditor community, leading crypto is even more popular than sex.

Number of Bitcoin addresses with more than 100 BTC reaches a maximum of 6 months

OKEx resumes certain operations, but not the crypto withdrawals

After much controversy and uncertainty, the OKEx crypto exchange announced that it has reopened the ability to purchase crypto as well as its P2P service. However, crypto withdrawals remain suspended.

For the moment, information about what happened with OKEx is really vague. Yet the crypto exchange has assured the public multiple times that their funds are safe.

Blow to Bitcoin: OKEx Suspends Withdrawals but Funds Go In and Out

In a few lines…

Wirex, Mastercard’s first crypto partner, has enabled subscriptions for its multi-currency Mastercard as it plans to launch it in the UK in November.
CasperLabs, Ethereum’s blockchain of proof-of-stake and competition, raised $14 million in a crypto sale.
Kidnappers in Argentina asked for Bitcoin in exchange for releasing a merchant.

Conventional investors apparently liked the change in the company’s view towards cryptomonies.

PayPal (PYPL) reached USD 215.87 on October 21, a few dollars above its previous record high of USD 212.38, reached on September 2, 2020, according to TradingView data.

This price action came shortly after the payment company announced that it would soon include cryptoactives in its platform. PayPal plans to allow its users to buy and sell Bitcoin Investor, Etheruem (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) on its network in 2021.

SEC sees a $5 million victory in the case against Kik

By opening the day’s trade at USD 206.20, PayPal quickly surpassed its historical high, but just barely, surpassing the level by approximately USD 0.14. Subsequently, the asset fell back before breaking the previous high with conviction, exceeding USD 215.

This is what traders are expecting after the price of Bitcoin reached USD 13,217

Bitcoin also reaped benefits following the announcement of PayPal, briefly reaching USD 12,900, an increase of USD 1,000 in 24 hours. The price fell back to USD 12,750 by the time this article was published.

However, not everyone seems to be impressed. Cryptcoin analyst PlanB described the news as anticlimactic on a tweet, and noted that customers will not be able to withdraw their digital assets from PayPal, according to the FAQ page on the company’s website. „Currently, you can only have the crypto-currencies you buy on PayPal in your account,“ you can read on the page. „In addition, the crypto currencies in your account cannot be transferred to other accounts within or outside of PayPal“.

Bitcoin’s price exceeds $13,000 after PayPal’s entry into the crypto space

PlanB reconsidered its opinion in a later tweet, pointing out the action of Bitcoin’s price in response to the event, as well as the potential access to crypto-currencies that PayPal can offer to more conventional users.

PlanB is known in the crypto industry for its stock-to-flow model that predicts Bitcoin’s price could reach $100,000 per currency.