Simplex launches an „off-ramp“ channel to sell Tether to euro

More than 200 companies in the Simplex network finally allow the withdrawal of Tether in Euros.

Simplex, a major provider of crypto-to-finance payments, is adding an off-ramp fiat channel to allow its partners, such as Binance and Huobi, to sell Tether (USDT) to euro.

According to an announcement on October 29th, Simplex Bitcoin Profit reviews  implemented new Tether off-ramp channels (USDT) in its partner network, including major exchanges such as Binance, OKEx and Huobi.

Aave transfers governance to its token holders
A Simplex representative told Cointelegraph that the latest development marks the first time that the Simplex Tether option is enabled, stating

„USDT has been available for purchase through our partner network for some time, but ‚cashing in‘ and selling directly in this currency is not […] But the put option at this time is only in Euro, the purchase is enabled with 50 fiat currencies“.
DeFi needs more fixed-rate lending protocols, says Messari researcher
With the new crypto-fiat off-ramp channel, Simplex partners can immediately add the new feature for their users worldwide, company executives said. „Simplex allows anyone to sell USDT and convert it to Euros; using our bank account through our partner network, users can transfer those funds anywhere in the world,“ the spokesperson said.

To date, Simplex‘ partner network includes over 200 services including cryptoexchanges, brokers and wallets. Along with the centralized crypto platforms, Simplex’s partner network also includes companies such as MakerDAO, a major player in decentralized finance, or DeFi.

Most DEX are insecure, according to a new report
The world’s largest stablecoin, USDT, increased by almost 300% in 2020 in terms of market capitalization, starting the year with a market capitalization of $4 billion and rising to almost $16 billion in October. According to a recent Bloomberg report, Tether could surpass Ether’s market capitalisation (ETH) by the end of 2021, becoming the second largest crypt currency after Bitcoin (BTC).

Filippiinien sääntelyviranomainen varoittaa sijoittajia välttämään Kaivoskaupungin Bitcoin Vault Ponzi

Siellä on kaivossopimusjärjestelmä, josta ihmiset keskustelevat ja tekevät kierroksia verkossa nimeltä „Mining City“ tai „Bitcoin Vault“. Filippiinien SEC ilmoitti äskettäin varoituksesta operaatiota ja projektin taustalla olevia väitteitä vastaan.

Yksi asia on varma, että salaus Ponzi-salaustoimintoja on tehty vuosien varrella, ja ne houkuttelevat tyypillisesti paljon käyttäjiä ennen kuin ne hajoavat. Kuitenkin, kuten tarina menee minkä tahansa pyramidijärjestelmän kanssa, kun projekti kaatuu, vain korkeimmat johtajat ansaitsevat kaiken rahan.

Yksi erityinen pyramidijärjestelmä nimeltä “Mining City” on pilvikaivostoiminta, joka maksaa käyttäjille Bitcoin Vault- tai BTCV-tunnuksen. Mining City väittää, että sen ulkopuolella sijaitseva palvelinkeskus on täynnä kaivoslaitteita, ja projekti myy pilvikaivossopimuksia sijoittajille.

Mining City myy pilvikaivosopimuksia monivuotisina paketteina, ja ostetuista paketeista riippuen hashratesta voi olla yli 12 000 dollaria + sopimus. Ne, jotka täyttävät projektin salausfoorumeilla ja sosiaalisen median alustoilla, lupaavat sijoittajille 100 dollaria päivässä BTCV: ssä maksettavana tuottona.

Kaivoskaupunki- ja BTCV-järjestelmiin väittivät projektin toimitusjohtaja Gregory Rogowski, Filippiinien ryhmän johtaja Anthony Aguilar ja Jhon Rey Gray. BTCV: n arvo on listattu kolikoiden markkina-arvojen aggregaattorissa, Coingecko ja rahakkeen arvo nousi kaikkien aikojen korkeimmalle tasolle 489 dollaria 1. elokuuta 2020. Mining Cityn merkki on laskenut -85,27% siitä lähtien ja käy nyt kauppaa 72 dollaria per BTCV.

On olemassa useita raportteja ja tutkimuksia, jotka osoittavat, että Kaivoskaupunki-projekti on pyramidimalli ja löydökset osoittavat lukemattomia punaisia ​​lippuja. Filippiinien arvopaperimarkkinakomissio (SEC) julkaisi 10. syyskuuta 2020 varoituksen Mining Cityn toiminnasta.

Filippiinien SEC kutsuu Mining Cityä räikeäksi Ponziksi ja sanoo, että „niin sanotut älykkäät sopimukset tai kaivoskaupunkisopimukset osallistuvat arvopapereiden luonteeseen komission sääntelyvaltaan kuuluvien sijoitussopimusten muodossa“.

Filippiinien SEC lisää:

Edellä mainittu Mining Cityn käyttämä järjestelmä osoittaa selvästi mahdollisen Ponzi-järjestelmän, jossa uutta sijoittajarahaa käytetään maksamaan ”väärät voitot” niille, jotka sijoittivat ensin.

Sääntelyviranomainen korostaa myös, että sijoittajien „ei tule sijoittaa“ Mining Cityyn tai „lopettaa investoinnit“ projektiin. SEC muistuttaa sijoittajia, että se ei pysty suojelemaan heitä, kun Ponzi-operaatio romahtaa, koska siihen „ei sovelleta vakavaraisuus- ja markkinakäyttäytymisvaatimuksia“.

Filippiinien SEC: n tuomiosta huolimatta termit „Bitcoin Revolution Vault“ tai „Bitcoin Vault Price“ ovat Google Trendsin hautaushaut. Lisäksi tekniset jättiläiset, kuten Twitter, Facebook ja Youtube, antavat Mining City Ponzille mahdollisuuden kukoistaa, koska näillä alustoilla on tuhansia viestejä ja videoita.

Kaivoskaupungin edustajien mukaan hanke kumoaa koko sydämestä varainhoidon valvojan väitteet. Eräässä tietyssä artikkelissa Kaivoskaupungin johtajat väittävät, että „[Philippines SEC] -listalle näyttäminen on tullut Filippiineillä olevien henkilöiden lähettämien väärintietojen seurauksena“.

Filippiinien SEC-varoituksessa sanotaan kuitenkin, että sääntelyviranomainen voi myös ajaa rikosoikeudellista vastuuta Youtube-kanavalle nimeltä Crypto Knight Miner. Lisäksi kaivoskaupungin operaattoreille saatetaan kohdistaa jopa viiden miljoonan peson (yli 100 000 dollarin) sakot ja 21 vuoden vankeusrangaistus.

Institutionele waanzin voor BTC Exposed by Record-High Bakkt BTC Delivery

Arcane Research heeft gegevens gepubliceerd waaruit blijkt dat de Bakkt Bitcoin uitwisseling weer een record-hoge maand heeft meegemaakt, deze loopt van 20 september tot 20 oktober. Deze massale stijging gaat gepaard met een merkbare stijging, de laatste maanden, van de institutionele vraag naar Bitcoin (BTC) van verschillende overheidsbedrijven.

Institutionele spelers tonen meer interesse

Bakkt, een van de meest prominente derivatenbeurzen en betaalplatforms voor digitale activa die er zijn, staat als een perfect op maat gesneden dienstenaanbod voor Amerikaanse institutionele beleggers. Bakkt zelf wordt geëxploiteerd via de moedermaatschappij van de New York Stock Exchange (NYSE), de Intercontinental Exchange (ICE).

Wanneer de volumes in de Bakkt BTC Futures-markten toenemen, is dit een typisch signaal dat de institutionele markt meer trek heeft gekregen in digitale activa. Er moet worden opgemerkt dat de futures van Bakkt fysiek worden afgewikkeld, wat betekent dat Bitcoin aan het einde van het contract wordt geleverd.

14% Meer contracten die aflopen in oktober vergeleken met september

Arcane Research, een crypto-analistenfirma, nam er nota van dat 400 individuele BTC-contracten op Bakkt in oktober zullen aflopen. Dit laat een stijging zien van 14% per maand ten opzichte van september 2020, zo blijkt uit de gegevens.

De open belangstelling en de volumes voor Bakkt zijn een zeer cruciale manier om het niveau van de institutionele activiteit te meten. Dit heeft te maken met het feit dat het een van de drie platforms is die het meest gebruikt worden door institutionele spelers, naast namen als CME en LMAX Digital.

Door haar prominente rol stelt Arcane Research dat deze substantiële toename van leveringen van termijncontracten binnen Bakkt een duidelijk signaal is dat de institutionele vraag stijgt.

Overkoepelende Institutionele Belangstelling Groeiend

In combinatie met de trends die op Bakkt te zien zijn, hebben zowel CME als LMAX Digital ook een grote vraag geregistreerd.

Skew, een data analytisch platform, maakt duidelijk dat LMAX Digital de topspeler is als het gaat om volumes binnen de spotmarkt. LMAX Digital is erin geslaagd om 135,6 miljoen dollar te verwerken in BTC, en dit binnen slechts 24 uur. Dit overtreft de dagelijkse volumes van de grote retail-gerichte beurzen, zoals Kraken en Coinbase.

Aangezien LMAX Digital in de eerste plaats een handelsfacilitator is voor institutionele spelers, is de beurs zelf in staat om Coinbase in te halen als een duidelijke indicator van het institutionele landschap van Bitcoin. Instellingen tonen een zeer grote vraag naar crypto, vooral nadat verschillende spraakmakende investeringen werden gedaan door MicroStrategy en Square.

Bitcoin and Ether make up „only“ 44% of the assets in DeFi projects

Although the share of ETH and BTC in DeFi projects has recently grown significantly, the two top coins still make up less than half of the TVL.

With the ongoing hype surrounding Decentralized Financial Services ( DeFi ), the sector has risen to nearly $ 4 billion in invested assets in the form of Bitcoin ( BTC ) and Ether ( ETH ) in less than five months .

According to DeFi Pulse crypto market researchers , the amount of ether invested in DeFi projects has increased by 218.5% since June, a jump from 2.7 million ETH to 8.6 million ETH

The amount of Bitcoin Era invested has meanwhile even shot up by more than 3,000%, so this number was still 5,000 BTC in the middle of the year and is now at 158,800 BTC.

On October 14th, the CoinList crypto exchange set a new record for the largest tokenization of Bitcoin by a single company. Using the Wrapped Bitcoin protocol, CoinList transferred 4,997 WBTC, equivalent to an equivalent of 57.1 million US dollars, to the Ethereum network.

The total value of ethers invested in DeFi is $ 3.24 billion, which is 7.6% of Ethereum’s market capitalization.

The 1.81 billion BTC that are in turn invested in DeFi projects amount to 0.85% of Bitcoin’s market capitalization

Despite the large amounts of BTC and ETH that are now invested in the DeFi area, the two market-leading cryptocurrencies still make up less than half of the total „Total Value Locked“, the measure of the total amount of invested assets. So they add up to 44.6%, which corresponds to 11.33 billion US dollars.

However, DeFi Pulse does not disclose how large the shares of other cryptocurrencies, including SNX, COMP and DAI, are in the TVL of the DeFi sector.

Bitcoin bliver fast i trekant

Bitcoin har været i en måned nu mellem $ 10.000 og $ 11.000, hvor prisen ser højere og lavere højder.

Det antyder, at der dagligt er en konsolidering med bitcoin usikker på, hvor man skal hen nu.

På længere tidsrammer har der uden tvivl været en årelang konsolidering, men med højere højder og højere nedture.
Bitcoins pris på ugentlige stearinlys, okt 2020

Man kan se ovenstående diagram som en sidelæns på en eller anden måde siden begyndelsen af ​​2018, med det fortsat noget til i dag.

Som vist i det fremhævede billede er der dog en mindre trekant hver time eller dagligt, hvor bitcoin enten er på vej mod en overhaling på $ 12.000 eller til endnu en gentest på $ 9.500.

Hvad grundlæggende angår, er der uden tvivl en stærkere sag for at se, om $ 12.000 kan falde på grund af vestlige regeringer, der nu er i gæld, hvilket antyder, at der kan forventes en betydelig monetær devaluering.

UKs regering har for eksempel nu dybt gæld i næsten 100% af BNP. Længe væk er de dage, hvor de diskuterede, om de kunne passere den selvpålagte tærskel på 40% af BNP med den begrundelse, at bankkrisen dengang var usædvanlig.

De dybe nedskæringer, der fulgte derefter, bremsede kun gældsvæksten, idet enhver disciplin blev kastet helt ud i år.

Mens økonomien kæmper, er skatteforhøjelser eller nedskæringer i de offentlige udgifter sandsynligvis ikke under overvejelse for nu. Det betyder kun monetær devaluering er en mulighed, og deraf er der masser.

ECB har øget sin ekspansion på balancen. De samlede aktiver steg med hele 170,3 mia. Euro til et nyt rekordhøjt niveau på 6 705,1 mia. Euro, da bankerne tog 157 mia. Euro i langfristede lån i QE (20,5 mia. Euro). Justeringer ved udgangen af ​​kvartalet har bremset stigningen noget. ECBs balance svarer nu til 66% af eurozonens BNP.

Disse er lånekræfter, der ikke bruger kræfter, da Powell ikke træt af at minde os om, så du kan nyde den monetære devaluering for nu, men en monetær sammentrækning vil sandsynligvis følge.

Medmindre de bare fortsætter med at udskrive uendeligt, med nogle $ 4 billioner tilføjet til amerikansk statsgæld i år.

Det er dog ikke helt gæld. Det er banker, der udskriver dette ud af ingenting og derefter giver det til regeringen, hvilket virkelig betyder for folket, men gennem korrupte haller, og så beder de folket om at betale tilbage, hvad de har trykt fra intet, men nu om at betale det tilbage til bankerne med renter, ellers vil bankerne ikke udskrive fra noget mere for at give det til folket, så de kan betale det tilbage gennem skatter, bøder og licenser, men med renter.

Det giver ikke meget mening, hvorfor de nu foreslår, at regeringen udskriver det ud af ingenting og derefter beslutter, hvornår og hvor meget af det at give til folket, og hvornår de skal tage det af dem gennem skatter, bøder og licenser.

Eller vi kan alle udskrive det. Ligesom Nakamoto „udskrev“ bitcoin, kan vi udskrive de penge, vi ønsker, og så kan markedet beslutte, hvilken det foretrækker med det konkurrenceprægede valg, der udøver både disciplin og retfærdighed.

Især Europa bevæger sig for at lette sådanne frie markedspenge med en krypteret juridisk ramme, mens Storbritannien ser ud til at være i to hoveder med deVer-gruppen, der kritiserer den britiske FCA for at forbyde bitcoin-ETN’er.

Mnuchin promises a second grant cheque, Bitcoin responds with a raise

U.S. Treasury Secretary promises another $1,200 cheque for each citizen; DXY weakness opens up new upside opportunities for Bitcoin

This week, Bitcoin (BTC) may see prices rise while the dollar index (DXY) is getting weaker and weaker, and an analyst invites US voters to buy the crypto asset.

Data show that DXY marked the fourth consecutive day of losses on 1 October, while negotiations continue in Washington on a new stimulus package to counter the consequences of the coronavirus pandemic.

Vays: „Buy Bitcoin“ no matter who wins the election

In recent months, DXY and BTC/USD have shown a strong reverse correlation. Recent increases in DXY have not translated into intense sales pressure for Bitcoin, but the new losses could benefit BTC’s bullishers in the long term.

The U-turn in the fate of DXY occurs as the U.S. Senate seeks a new coronavirus-related economic aid deal, which could cost $2.5 trillion.

On Wednesday, in an interview with FOX Business, Treasury Secretary Steven Mnuchin confirmed that negotiations are ongoing, adding that any deal will include a new round of $1,200 grant cheques for eligible U.S. citizens.

The good news is that we have reached an agreement to ensure that if a plan is implemented, it will include direct payments similar to the last package,“ he explained.

Mnuchin made this comment the day after the heated debate between President Donald Trump and candidate Joe Biden.

As tensions flare up, well-known trader Tone Vays has tried to capture the attention of the online public by arguing that no matter who takes control of the White House, the money press, through which the subsidy packages are funded, will continue to damage the dollar.

„No matter who wins, they will continue to print BUY BITCOIN,“ Vays wrote in a live chat during the broadcast of the debate.

Correlation between Bitcoin and DXY falling

Meanwhile, data indicates that the contraction of the last few days has begun to alter the correlation between DXY and Bitcoin.

The following graph, made by the analysis resource Digital Assets Data, represents the comparison of the correlations between the 90-day returns of Bitcoin and the DXY, gold, VIX and S&P 500, highlighting the relationship with the DXY in free fall towards the end of September.

On the contrary, BTC/USD remains closely correlated with both gold and S&P 500, and with the beginning of October the Bitcoin price marked its second best quarter in history, closing the month above $10,600.

As pointed out by Cointelegraph, however, not everyone believes that this situation will last very long; soon Bitcoin should completely detach itself from traditional markets.

Bitcoin Price Crashes $450 su BitMEX CEO Arthur Hayes & Other Founders Indicated on Criminal Charges

CFTC ha accusato BitMEX di gestire illegalmente una piattaforma di trading di derivati.

Già nel luglio 2019 la U.S. Commodity Futures Trading Commission (CFTC) ha iniziato a indagare sullo scambio con l’obiettivo di permettere agli americani di fare trading sulla piattaforma senza essere registrati presso l’agenzia.

In risposta alla notizia, Bitcoin System è sceso da oltre $10.900 a $10.460 in pochi minuti ed è attualmente scambiato a circa $10.500. Anche il resto del mercato dei cripto-criptatori è sceso in tandem.

Ma come ha detto Jake Chervinsky, consulente generale di Compound Finance, la notizia più importante è che il fondatore di BitMEX Arthur Hayes, Samuel Reed e Benjamin Delo sono stati incriminati con l’accusa di aver violato il Bank Secrecy Act, che prevede una pena detentiva massima di cinque anni.

Anche il primo dipendente della Exchange, che più tardi è diventato il responsabile dello sviluppo del business, Gregory Dwyer, è stato accusato e arrestato questa mattina in Massachusetts – il resto rimane a piede libero, hanno detto i procuratori.

I fondatori di BitMEX sono stati incriminati dai procuratori federali di New York per non aver rispettato le adeguate misure antiriciclaggio della società.

Questi imputati si sono fatti beffe (per fare la loro parte per aiutare a scacciare il crimine e la corruzione) dell’obbligo e si sono impegnati a gestire un presunto scambio di crittografia „off-shore“, mentre non hanno volontariamente implementato e mantenuto anche le politiche anti-riciclaggio di base“, ha detto Audrey Strauss, procuratore distrettuale di Manhattan.

Il comunicato stampa ufficiale afferma inoltre che uno degli imputati si è anche vantato della società costituita al di fuori degli Stati Uniti, dove „corrompere le autorità di regolamentazione … costa solo ‚una noce di cocco'“.

„Grazie al lavoro diligente dei nostri agenti, analisti e partner del CFTC, sapranno presto che il prezzo dei loro presunti crimini non sarà pagato con frutta tropicale, ma piuttosto potrebbe portare a multe, restituzione, e alla prigione federale“, si legge.

La vera domanda è, quanto saranno veloci gli scambi con l’estero che ancora permettono ai trader con sede negli Stati Uniti di utilizzare il loro servizio via VPN o senza KYC. Le implicazioni di questo potrebbe essere enorme per la comunità della crittovaluta.

Künstliche Intelligenz Start-up TEAL

Künstliche Intelligenz Start-up TEAL startet IEO mit ProBit

ZUG, Schweiz & BOCHOLT, Deutschland–(BUSINESS WIRE)–#ProBit–Das Artificial Intelligence Start-up TEAL wird mit dem Krypto-Austausch ProBit einen IEO starten. Der Verkauf wird in drei Runden ab dem 23. September stattfinden und eine zirkulierende Lieferung mithilfe von Bitcoin Superstar von 4,5 Millionen TEAL Token (TEAT) zum Preis von 1,25 $/TEAT bereitstellen.

TEAL ist bestrebt, Finanzmittel für sein erstes Produkt zu beschaffen: den TEAL-Marktplatz. Dabei handelt es sich um einen dezentralisierten Marktplatz mit sozialen Netzwerkfunktionen, der Verbraucher mit den besten Empfehlungen und Händler mit den am besten geeigneten Kunden über eine eigene KI verbindet.

KI: Rückgrat eines neuen Marktplatzes

TEAL identifiziert zunächst konkrete Bedürfnisse aus öffentlich zugänglichen Informationen für den jeweiligen TEAL-Nutzer. Jeder Nutzer entscheidet, welche persönlichen Informationen er an die KI weitergibt. Aus diesen unstrukturierten und strukturierten Daten generiert TEAL für jeden Nutzer und jedes Produkt eine einzigartige DNA, das so genannte soziale Genom. Die KI von TEAL gleicht dann über Smart Contracts die Bedürfnisse der Verbraucher mit den Angeboten der Anbieter und Marken auf der Grundlage ihrer Genome ab. In einem Prototyp modelliert TEAL die Empfehlungen für verschiedene Mikro-Zielgruppen in Metropolen wie Berlin.

Blockchain-Infrastruktur ermöglicht Vertrauen

Der Marktplatz wird auf einer Blockketteninfrastruktur basieren, um volle Transparenz und Verantwortlichkeit bei Transaktionen zu gewährleisten und gleichzeitig die Privatsphäre der Nutzer zu schützen. Der Marktplatz wird voraussichtlich im ersten Quartal 2023 als DApp (dezentralisierte App) starten. Teil dieses DApp ist eine visuelle oder sprachliche Schnittstelle, der persönliche TEAL-Assistent.

Klaus Holthausen, Mitbegründer und CEO: „TEAL war von Anfang an als globaler Marktplatz konzipiert. Mit ProBit haben wir einen Partner, der uns Zugang zu einer Community verschafft, die bereits viel Erfahrung mit Kryptowährungen und Blockchain-Technologie hat“.

Tokenomics:

  • Zirkulierendes Angebot: 4,5 Mio. TEAT in 3 Runden
  • Einführungspreis: 1,25$
  • Prägeauflage: 3.0426
  • Market Making: Notierung bei ProBit
  • Andere Verkäufe: 4,5 Mio. TEAT im Jahr 2023, Gesamtversorgung 9 Mio.

ÜBER TEAL AI AG

TEAL ist das intelligente Blockketten-Ökosystem aus Europa. TEAL verknüpft die dezentrale Struktur der Blockkette mit einer bewährten, assoziativen KI und schafft so eine Vielzahl neuer Anwendungsmöglichkeiten für Verbraucher und Unternehmen. Die erste Lösung innerhalb des intelligenten Blockketten-Ökosystems ist der TEAL-Marktplatz. Auf diesem Marktplatz ermöglicht die Blockkette sofortige und transparente Transaktionen zwischen Nutzer und Marke. Gleichzeitig behält jede Partei das Eigentum an ihren Daten. Die assoziative KI stellt sicher, dass Suchergebnisse und Empfehlungen den tatsächlichen Wünschen der Nutzer entsprechen.

UN CALO DELL’ETEREUM AL DI SOTTO DI QUESTO LIVELLO POTREBBE INNESCARE UNA CORREZIONE DELL’ALTCOIN DEL 25%

  • L’etereum è scivolato più in basso rispetto ai suoi massimi locali, nonostante il Bitcoin abbia superato i 10.800 dollari.
  • L’altcoin leader attualmente commercia a 360 dollari, circa l’8% al di sotto dei massimi locali a 390 dollari.
  • La moneta è scesa del 4% nelle ultime 24 ore, mentre BTC registra un tiepido guadagno dello 0,5%.

L’Ethereum sta superando un’ondata di altri altcoin di alto livello, con i venditori che stanno finalmente recuperando la moneta.
Gli analisti temono che un’ulteriore correzione del prezzo del ETH possa scatenare un altro massacro nel mercato degli altcoin.
All’inizio di questo mese, la maggior parte degli altcoin caldi anche quelli con un prodotto forte, sono stati soggetti a correzioni del 10-30% in un giorno.
Alcuni sono diminuiti anche più delle somme sopra citate.

LA CORREZIONE DELL’ETEREO POTREBBE FAR PRECIPITARE NUOVAMENTE GLI ALTARINI

In qualche modo, non è stato l’Ethereum a guidare il rally in corso, è stato Bitcoin. La cosa più strana è che l’ETH è sceso mentre BTC spinge più in alto – una dinamica di mercato che non si vedeva da mesi.

Gli analisti pensano che questo potrebbe non essere di buon auspicio per gli altcoin, soprattutto perché la seconda valuta crittografica leader scivola più in basso.

Un trader di Cryptocurrency ha suggerito che l’Ethereum che scende sotto i 350 dollari potrebbe comportare un’altra correzione del 25% nel mercato altcoin. Facendo riferimento al grafico sottostante, che mostra che l’ETH si trova fondamentalmente sull’orlo di un precipizio, il trader ha detto:

„Livello super importante per $ETH: Attualmente i tirapiedi di $ETH e del suo ERC20 sembrano essere in testa al mercato, non sarebbe sorpreso di vedere un altro -25% al giorno per i gettoni #DeFi se $ETH negoziasse sotto i 350“.

Per chi non lo sapesse, gli altcoins hanno visto una sanguinosa correzione la scorsa settimana. La maggior parte delle monete top, anche quelle con prodotti popolari e una forte comunità, sono scese del 10-30% nell’arco di 24 ore, mentre l’Ethereum è sceso più in basso. Ci sono state anche alcune monete che sono durate il 50% nell’arco di circa due giorni.

L’analista ed economista di Crypto Alex Kruger ha commentato che questo è probabilmente il peggiore degli altcoin se crypto è veramente in un mercato toro. Da allora si è dimostrato corretto, dato che i migliori altcoin sono rimbalzati da quel giorno di carneficina.

SALVATO DAL FOMC?

Mentre l’Ethereum è al limite, può essere salvato dal discorso di mercoledì mattina del presidente della Federal Reserve Jerome Powell in qualità di capo del FOMC.

Il FOMC – o Comitato federale del mercato aperto – commenta regolarmente i tassi d’interesse e l’economia.

Molti ritengono che Powell possa mantenere la sua posizione colombare, soprattutto dopo il suo discorso di Jackson Hole.

In questo modo ha il potenziale per aumentare gli attivi a rischio, che beneficiano di stimoli monetari. Le azioni, soprattutto se Powell mantiene una posizione di colombaia, che fa ben sperare per la Bitcoin.

Bitcoin miner bullish despite price setback

The mining industry doesn’t seem to be concerned about the current price setback. On the contrary. The Bitcoin Hash Rate currently only knows one direction: north.

Kazakhstan is showing the way. The Central Asian state is giving cryptocurrencies a chance and opening up to Bitcoin Mining (BTC)

The minister responsible for digital development, Bagdat Mussin, is aiming for an investment volume of no less than 714 million US dollars (USD). The money is to be used to build a total of 17 BTC mines in the country.

Of course, Kazakhstan benefits from cheap electricity. Generated from the country’s rich oil reserves, it costs mining farms only about five cents per kilowatt hour (kWh). For comparison: In this country you pay an average of around 25 cents per kWh.

The move is the logical continuation of a crypto-friendly course that the country has been on for quite some time. After all, the country’s tax regulations allow income from Bitcoin mining to be kept tax-free – as long as it is not exchanged for fiat money.

Kazakhstan’s commitment to Bitcoin Evolution and Co. shows once again what it means to have a global cryptocurrency. Because while neighbor Russia is rather ambivalent when it comes to digital money , the Central Asian country is nailing it.

And that can be really worth it. With electricity costs in the lower cent range, the latest Antminer generation can generate a whopping 60 percent return at the current rate. The operating costs for mining a single BTC are currently around $ 5,000.

Another positive side effect of the location is its climate. For six months, parts of Kazakhstan have double-digit minus temperatures. The cooling of the devices is thus significantly cheaper.

Bitcoin mining is becoming more and more decentralized

The report falls at a time when Bitcoin mining is becoming more and more independent of China. The analysis portal BitOoda recently published a comprehensive reporton the status quo in terms of crypto mining. Accordingly, „only“ about 50 percent of the hash rate is currently in the Middle Kingdom. Previously, more than 60 percent was assumed.

China’s rainy season is sprouting hash rate

If the rain falls in China, not only flora and fauna flourish, but also the Bitcoin network. Because when the rainy season prevails in Sichuan and Yunnan from May to October, the dams swell; Electricity from hydropower is becoming one of the cheapest energy sources of all. Since electricity production far exceeds demand, the power plants are all too willing to sell their surplus energy to energy-hungry Bitcoin mines, which are sometimes located right next to the power plants. During the rainy season, mining farms can obtain electricity, in part, at low prices of 1 cent per kWh.

This regularly leads to increases in the hash rate and lower Bitcoin sales by miners, as operating costs decrease.

And in the future?

Greater decentralization in Bitcoin mining is good news. BTC was never under the control of the Communist Party, as some pessimists have claimed. Nonetheless, people were reluctant to look at statistics that show a large imbalance in the global distribution of hash rate.

The Bitcoin hash rate is currently around 120 exahashes per second.

According to BitOoda, this should double again in the next 12 months. Given the rapid growth of the accumulated computing power in the network, this is not a very steep thesis. The main reason for the optimism is the exponential growth of the ASIC computing capacity. Because if you don’t switch to the latest ASIC model, the Antminer S19, you might lose ground.

However, in order for the inventions to be worthwhile in the future, the price must rise at some point. Because with increasing competition in the mining market, the margins are getting smaller and smaller.

According to BitOoda, a price increase of 25 to 30 percent per year is enough for constant profitability. A conservative prognosis .