Kategorie: Bitcoin

Tokenizar el arte podría hacer de las pinturas un vehículo más líquido para la inversión, lo que atraería a personas que no tienen acceso al mercado del arte de alta gama.

El arte triunfa sobre el dinero. Siempre. Es importante recordar esto en medio de la exageración actual del arte criptográfico. Los tokens no fungibles le han dado al arte digital el beneficio de propiedad demostrable, escasez y programabilidad, lo que permite a los creadores digitales promover y vender su trabajo de formas nunca antes posibles.

Con la industria de la cadena de bloques creciendo y los mercados volviéndose más líquidos, el arte criptográfico ha visto una oleada de increíbles ventas en el mercado primario. El miedo similar al de las ICO a perderse algo ha inspirado a los coleccionistas y artistas a perseguir la escasez e incluso destruir el arte en el proceso, como fue el caso de la creación y subasta de la impresión NFT de Banksy.

Aún así, lo que puede parecer una estratagema de marketing puede ser una de las mejores actuaciones de acción que el mundo del arte haya visto hasta la fecha.

Persiguiendo la escasez

Cuanto más raro es algo, más codiciado. Ese parece ser el principio básico de cualquier artículo coleccionable y también se aplica al arte criptográfico. Un vistazo rápido a las ventas de una sola edición frente a las de varias ediciones muestra que el mercado favorece la singularidad.

Esta persecución de la escasez ha adoptado muchas formas, desde limitar el número de ediciones de una obra de arte en particular hasta encontrar „primicias“ en un mar de cosas, como fue el caso del tweet de Jack Dorsey.

Las principales estrellas del mundo del arte y la industria de la música han comenzado a experimentar con Bitcoin Up, lo que hace que las caídas de seis cifras sean una ocurrencia aparentemente común. Desde $ 17.000 imagen de Paris Hilton de un gato a la suciedad $ 389.000 muerte del viejo al hito de Beeple de subastas de Christie , las ventas y la conciencia están en aumento.

El encanto de las mega ventas

A pesar de las increíbles ventas del mercado primario, el mercado secundario, en su mayor parte, ha estado relativamente tranquilo. Al observar los datos de SuperRare, podemos ver que los recuentos de ventas del mercado secundario son una fracción del número de artículos primarios vendidos.

El hecho de que las regalías de los artistas se manejen de manera diferente en diferentes plataformas y rara vez funcionen entre plataformas obliga aún más a los creadores y coleccionistas a centrarse en las ventas iniciales para el éxito a corto plazo.

According to professional trader Michaël van de Poppe, crossing the $38,000 mark will allow Bitcoin to reach new highs

Bitcoin (BTC) extended its recovery today, regaining the $38,000 level. Moreover, the weekly candle is green for the fifth week in a row, despite the recent 28% crash.

Meanwhile, cryptocurrency exchanges are seeing a surge in stablecoin deposits, according to data from CryptoQuant. This influx could act as a short-term catalyst for Bitcoin, as capital that has so far remained on the sidelines could be pouring into the BTC market.
Stablecoin flow to exchanges

Why stablecoins are important for the crypto market

In cryptocurrency markets, many traders sell their crypto assets in exchange for stablecoins rather than for real fiat money. The most popular stablecoin by far is Tether (USDT), which is pegged to the value of the US dollar and widely used in most trading platforms.

Bank transfers and cash deposits are time-consuming and most exchanges today require the completion of complex Know Your Customer (KYC) verification processes in order to withdraw fiat money. This is why investors, both large and small, find stablecoins much more convenient than traditional money.

The high demand for such instruments has sent the valuation of Tether soaring, whose market cap is now over $24 billion.

Huge stablecoin flows to exchanges

Stablecoin deposits to trading platforms have increased significantly in the last 24 hours. CryptoQuant tracks exchange wallets, observing stablecoin inflows and outflows.

Stablecoin reserves in exchanges

On all major exchanges, stablecoin deposits increased significantly just before Bitcoin’s price began to recover. Yesterday, BTC fell as low as $32,500 after futures contracts worth nearly $1 billion were liquidated.

But investors quickly bought into the dip, as evidenced by increased stablecoin deposits and rising open interest in Bitcoin futures markets. As a result, the trend quickly reversed, leading to a price increase of more than 10% in just a few hours: it currently sits at around $38,000.
Open interest of BTC futures

What does the future hold for us?

Crypto analyst Alex Saunders also reported that stablecoins are „flooding the exchanges,“ an event often indicative of an ongoing bullish trend.

Shortly before the upswing, Michaël van de Poppe, a professional trader at the Amsterdam Stock Exchange, predicted that a breach of the $38,000 mark would likely lead to new all-time highs for Bitcoin:

„Bitcoin hasn’t changed much. It has turned the level at $33,000 from resistance to support, and is therefore headed for a new test of the area around $37,000 and $38,000. This level has to be overcome: if this happens, we will probably see new all-time highs. If not, more consolidation.“

Bitcoin’s rally coincides with the reopening of Grayscale’s products: if the cryptocurrency’s price continues to rise, it could prompt more large investors to gain exposure in BTC via the Grayscale Bitcoin Trust (GBTC).

La capitalizzazione di mercato della criptovaluta ha raggiunto un traguardo significativo registrando un nuovo massimo storico sopra gli 836 miliardi di dollari, mentre BTC ha toccato i 33.000 dollari.

Poco dopo che il bitcoin ha superato il suo massimo storico del 2017 di $ 20.000, la maggior parte delle criptovalute è seguita con notevoli guadagni

All’inizio di oggi, la capitalizzazione di mercato cumulativa di tutte le risorse digitali ha superato il massimo precedente aumentando a nord di $ 836 miliardi.

Secondo i dati di una delle principali risorse di monitoraggio delle criptovalute, CoinMarketCap, la capitalizzazione di mercato ha raggiunto circa $ 834 miliardi durante l’aumento parabolico dei prezzi nel 2017/2018.

Tuttavia, la recente corsa al rialzo nel mercato ha portato a un nuovo record di $ 836 miliardi per dati da CoinMarketCap

Vale la pena notare la crescita registrata negli ultimi mesi. Raggiungendo questo record, la capitalizzazione di mercato ha aggiunto $ 140 miliardi dal 29 dicembre, $ 240 miliardi dal 24 dicembre e $ 360 miliardi dalla fine di novembre. Inoltre, la capitalizzazione di mercato era di soli 330 miliardi di dollari all’inizio di ottobre, il che significa un aumento di oltre 500 miliardi di dollari in tre mesi.

Un po ‚prevedibilmente, bitcoin è responsabile della quota maggiore. La criptovaluta primaria è in crisi dal quarto trimestre del 2020 e rappresenta oltre il 72% della capitalizzazione di mercato.
Il valore del bitcoin è aumentato di oltre 3 volte in quei mesi. Ha superato i $ 20.000 per la prima volta e ha continuato a nord. La criptovaluta ha continuato a dipingere frequentemente nuovi massimi storici.

Proprio oggi, il bitcoin ha superato i $ 30.000 ma non si è fermato qui e ha superato i $ 33.000 per il suo ultimo ATH, ma è sceso leggermente a $ 32.300 al momento della stesura di queste righe. Tuttavia, la capitalizzazione di mercato di BTC ha anche segnato un nuovo record di oltre $ 600 miliardi.

Carolina Panthers NFL player Russell Okung will receive part of his salary in bitcoins.

The National Football League (NFL) and the players‘ association approved the payment.

“Pay me with Bitcoin” has become a reality for National Football League player Russell Okung.

First NFL player paid in BTC

Russell Okung becomes the first player in one of America’s major sports leagues to receive his salary in BTC. The Carolina Panthers player is paid an annual salary of $ 13 million that will be split equally between bitcoin and dollars.

Russell Okung uses the Zap startup founded by Jack Mallers. The startup can convert checks or transfers into BTC via its service called Strike .

Jack Mallers said other professional athletes, including members of the Brooklyn Nets basketball team and New York Yankees baseball team, have also started using the startup.

Jack Mallers said the NFL and the Players‘ Association were involved in securing approval for such an operation.

How does Strike work ?

Technically, Okung is still paid in dollars. Behind the scenes, Strike receives a direct deposit from his team and then exchanges dollars for bitcoin. The BTCs are then sent to a wallet controlled by Russell Okung.

According to its founder, Strike is in the process of moving to “seven digits” of monthly volume and expects that number to increase as top sports people want to receive their salaries in BTC. He stated :

We have found a way to allow any individual to receive a [percentage] of their work in Bitcoin.

Spring Labs utvecklar nätverket för datadelning för amerikanska hushållsprojekt

Blockchain-start Spring Labs har satt sitt första verktyg för förebyggande av bedrägerier i produktion med en godkänd version av Ethereum. Det Los Angeles-baserade företaget arbetar nu med två långivare i Property Assessed Clean Energy (PACE) finansieringsutrymme och ombord två andra, säger medgrundare John Sun.

Varje långivare delar nu information om låntagare och fastigheter via Spring Labs-protokollet, där den antingen är tokeniserad eller splittrad så att endast den enhet som har bidragit med Bitcoin Revolution uppgifterna kan se den. Långivarna har testat plattformen sedan juni och tror att det kan spara upp till 10 miljoner dollar i bedrägerier eller 1% av branschens totala lånetransaktioner.

„De byggde en databas i realtid som jag kunde pinga för att se om det finns några andra bedömningar på en fastighet nu eller kommer upp“, säger Mike Schmidt, chef för PACE Funding, i en intervju. „Ingen av oss har gjort någonting [med blockchain] tidigare, men inom en vecka betalade det utdelning.“

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PACE-lån används för att finansiera byggprojekt som gör byggnader mer energieffektiva eller ger nya källor till förnybar energi för kommersiella, industriella och privata bostadsfastigheter. PACE-programmet, som drivs av US Department of Energy, gör det möjligt för lokala och statliga myndigheter i Kalifornien, Florida och Missouri att tillhandahålla finansiering för energiförbättringar.

Läs mer: California Agency stöder Green-Energy Pilot med RSK: s Bitcoin Smart Contracts

Specifikt skapar PACE-lån panträtter som återbetalas av en husägares fastighetsskatt. Konsumenterna som söker PACE-finansiering har vanligtvis lägre FICO-poäng än genomsnittet eftersom de vanligtvis kommer till programmet efter att ha förnekats ett lån utan säkerhet eller en egen kredit, sade Schmidt.

„Vi är ofta deras enda hopp om att få ett nytt tak eller en luftkonditionering,“ sa Schmidt. „Vi hjälper till att göra solceller mainstream och inte bara för de rika personerna utan också för dem i arbetarkvarterna.“

Varför blockchain

Spring Labs blockchain-lösning var attraktiv för PACE-långivare som var oroliga för att ett centraliserat nav för datautbyte skulle kunna vara ett annat mål för entreprenörer som försöker spela systemet, säger Schmidt.

Utrymmet domineras av fyra långivare eftersom de mest naturliga finansiärerna har ett incitament att inte vara PACE-långivare: Hypotekslångivare har nödvändiga färdigheter för att komma in i PACE-lånesektorn, men PACE-lån har en „superpanter“ på fastigheten, vilket innebär att de får betalas ut före inteckning.

För Spring Labs gjorde detta lilla antal deltagare PACE till ett attraktivt utrymme för att testa vårprotokollet, säger Sun. Eftersom data antingen är tokeniserade eller splittrade är det inte längre en konkurrensnackdel att dela ekonomiska data. Spring Labs slutmål är att ersätta kreditvärderingsbyråer och datauppsamlare genom att möjliggöra datautbyte utan centraliserade datahubbar, som kan hackas och som också gör datadelning dyrare.

Att stänga av mellanhandens datautbytare är också samma logik som Visas FoU-arm hade när man tyst utvecklade en blockchain som skulle göra det möjligt för banker att utbyta kunddata utan datauppsamlare.

 

The correlation between Bitcoin (BTC) and the S&P 500 has hit a 10-month low. Historically, this is a bullish sign for the dominant cryptocurrency.

A low correlation with the S&P 500 is an optimistic factor for Bitcoin because it means that BTC doesn’t lag behind the broader risk market. The analysts at Santiment:

“The correlation between #Bitcoin and # SP500 $ SPX is great for identifying when $ BTC can fluctuate regardless of traditional markets. We found that #crypto is best when that correlation is low … and our 30-day correlation model shows that it is at a 10-month low. “

Why Bitcoin is likely to outperform the S&P 500 in the medium term

Bitcoin’s correlation with the S&P 500 could go down or stay low in the short term for two reasons.

First, the US stock market could correct in a take profit pullback as Bitcoin continues to recover.

Second, the US stock market could rise in tandem with BTC, but Bitcoin is seeing bigger gains over a longer period of time.

Big investment banks like JPMorgan believe the US stock market is in the middle of a bull run. The strategists say US stocks could take a hit in January if stocks continue to be borrowed.

Nonetheless, strategists expect stock momentum to spill over into 2021. If so, the latter scenario is more likely, where Bitcoin would have to outperform the S&P 500 to get a low correlation.

The post-halving cycle remains the most compelling reason for a continued Bitcoin uptrend in 2021 that could allow BTC to outperform the S&P 500

Background: Bitcoin goes through a block reward halving every four years. The last two halves took place in 2012 and 2016, and after each halving the BTC price rose over a long period of time.

A Block Reward has historically had a positive effect on the price of Bitcoin as it affects its scarcity. Every time the Block Reward is halved, the amount of BTC that miners can mine decreases. As a result, there is a smaller number of BTC that are produced on a daily basis. Since the supply of BTC is fixed, BTC becomes scarcer as a result.

Bitcoin tends to recover for 12 to 15 months after each halving. Given that the last halving occurred in May 2020, BTC could bounce back through mid-2021 if the bull cycles of the past continue.

„Dr Doom“ Nouriel Roubini is trying to destroy Bitcoin again: „He’s worth $0.“

Weeks ago, some still thought that Nouriel „Dr Doom“ Roubini had changed his tone about Bitcoin.

After the 2008 recession predictor had been berating the crypto-currency for years, Roubini said in an interview with Yahoo Finance that he considered BTC a „partial“ store of value.

The economist and NYU professor explained in the interview that Bitcoin was able to store a certain value because of the „algorithm“ that manages the offer and points to halving. He added by Bitcoin Pro that Bitcoin is far superior to Altcoins – and even joked that Altcoins have worse inflation rates than Fiat money.

Sounds like @nouriel is changing his tune.@JuliaLaRoche got him to disclose today that he now thinks Bitcoin is a store of value. (starts ~2 min mark)

They all eventually capitulate. pic.twitter.com/Wl73LDybnO
– Pomp 🌪 (@APompliano) November 6, 2020

Many saw this as a sign that he might open up to Bitcoin

However, this is not true, as can now be read in a 12-part Twitter thread from 26 November.

Roubini tries to destroy Bitcoin

Roubini tries to destroy Bitcoin in this multipart thread. He writes that the coin plays „no role in the portfolios of institutional or private investors“, because in his eyes it has no intrinsic value, is heavily manipulated and shows extreme volatility:

„Bitcoin has no role in the portfolios of institutional or private investors. It is not a currency: not a unit of account, not a scalable means of payment & is an extremely volatile store of value. It is heavily manipulated: look at the investigation of Bitfinex by US legislation“.

Bitcoin has no role in institutional or retail investors portfolios. It is not a currency: not a unit of account, not a scalable means of payment & is a highly volatile store of value. It is heavily manipulated: look at the investigation of Bitfinex by US law enforcement. 1/n
– Nouriel Roubini (@Nouriel) November 26, 2020

It states that Bitcoin has no value because it does not bring any benefit and does not generate any income/dividend like other assets.

According to Roubini, investing in Bitcoin is therefore the same as putting money into a rigged casino.

This seems to be based on Roubini’s belief that there is strong manipulation through spoofing and wash trading, which means that the opportunities are targeted in favour of market makers and whales – unlike normal investors.

Google Trends suggests that new money is looking to enter the bitcoin market.

Rising prices caused by bullish developments in the industry may fuel Google searches.

Recent stock market volatility may force more institutions to consider opening up to BTC

The Trust Project is an international consortium of news organizations based on transparency standards.

The price of BitQT has had an impressive month due to various bullish developments. During the month of October, the price of the main crypto currency increased by more than 25%.

Data from Google Trends suggests the price hike is once again attracting the attention of retail investors, apparently outside the industry. In the meantime, others say that the return of volatility will also have attracted the interest of institutions in the market.

Bitcoin price increase intensifies

Having started October at less than $ 10,900 and now trading at over $ 13,750, bitcoin market sentiment is decidedly bullish right now. This month alone, the price of BTC has risen by more than 26%.

Such price increases have not gone unnoticed. Google Trends, one of the simplest metrics by which to judge the public’s interest in the industry, suggests that new capital may start to enter the market.

Still a far cry from the all-time record interest levels seen at the peak of the 2017 bull market, October saw an increase in the number of people Google searching for „how to buy bitcoin“. Previous peaks in the metric also coincided with BTC prices.

Research on „how to buy bitcoin“ increased in May, August and December 2017, as well as in early July 2019 and during the recovery after the March 2020 price drop. Every example has seen the price of bitcoin rise quickly in no time.

The renewed interest is likely linked to a series of bullish developments around bitcoin. Large company-level investments, an optimistic report from JPMorgan, and PayPal’s interest in cryptocurrency are all likely contributors.

Institutions and retail this time around?

Data from Google Trends likely represents the growing interest of retailers in bitcoin. While the average investor probably turns to the popular search engine for information on buying BTC, it seems doubtful that institutional buyers, who have tens or hundreds of millions, approach the market in this way. .

However, market analyst Travis Kling believes that the volatility of the stock markets will also have sparked the interest of institutions. It highlights the growth of the CBOE’s volatility index, or VIX, which coincides with that of bitcoin prices.

Blockchain developer Zulu Republic together with liquidity provider Alameda Research and the Whalepool traders‘ community announced a Crypto Bank scam withdrawal service from the OKEx crypt currency exchange.

They offer users to withdraw bitcoins and USDT via specially created ERC-20 NOBTC and NOUSDT tokens.

The exchange takes place automatically through an escrow account to OKEx and the corresponding token smart contracts in a 1:1 ratio.

At the time of writing, the NOBTC costs around 0.9 BTC on the decentralised Uniswap exchange.

The service is aimed at institutional investors – the minimum order amount is 100 BTC (over $1.2 million).

Users must pay a commission of 1% for each swap and a fee for regular inspections. For swap cancellation, in case OKEx suddenly opens a withdrawal, the customer must also pay 1% of the transaction amount.

According to Daniele Sestagalli, CEO of Zulu, five institutional investors took advantage of the offer in the first hours.

The token developers emphasise that customers using the service do so „at their own risk“.

Sam Bankman-Fried, CEO of Alameda, suggested in a Bloomberg comment that the OKEx administration will only resume withdrawal after a few weeks or months.

Earlier OKEx announced the termination of the withdrawal programme to OKEx users because the exchange had blocked the organization’s accounts.

OKEx suspended the withdrawal on 16 October after one of the private key holders stopped communicating with OKEx.

Local media reported that the founder of OKEx and OKCoin Star Xu have been detained.

The Exchange also denied reports of large sums being transferred after the withdrawal stopped.

On 21 October OKEx resumed p2p trading in fiat currencies, but closed the possibility of internal transfers to some users.

Der führende Krypto-Stratege und Händler Michaël van de Poppe warnt die Krypto-Enthusiasten davor, dass Bitcoin und der breitere Krypto-Markt noch nicht für diesen großen Durchbruch bereit ist.

Van de Poppe glaubt, dass der jüngste Anstieg von Bitcoin auf 12.000 Dollar höchstwahrscheinlich eine Bullenfalle ist.

„Der 12.000-Dollar-Bereich ist eine entscheidende Barriere, die wir durchbrechen müssen, um diese Aufwärtsbewegung fortzusetzen. Ich bin jedoch noch nicht davon überzeugt dass wir dies zum jetzigen Zeitpunkt tun werden, da wir uns dem Widerstandsgebiet nähern, das ohne Volumen zwischen 11.900 und 12.500 Dollar liegt. Diese ganze Aufwärtsbewegung wird also eigentlich von Leuten angeheizt, die ihre Altmünzen verkaufen, um auf den BTC-Zug aufzuspringen“.

Der Kryptoanalyst glaubt, dass Bitcoin sich weiter konsolidieren wird, da es die Bärenhochburg von 12.000 $ respektiert.

„Ich erwarte eine Ablehnung im Bereich zwischen 11.800 und 12.050 Dollar. Danach lehnten wir 11.800 $ ab und erhalten eine weitere Abwärtsdynamik, durch die wir einige weitere Bewegungen innerhalb der Spanne sehen können. Gehen wir noch weiter nach unten? Ich bin mir nicht sicher, aber ich denke, wir sollten in der Lage sein, den Bereich von 10.600 Dollar zu testen.

Was Ethereum betrifft, so ist Van de Poppe der Ansicht, dass die führende intelligente Vertragsplattform noch nicht über den Berg ist.

„Basierend auf dem täglichen Zeitrahmen, ETH/USDT, können wir sehen, dass wir eine signifikante Widerstandszone haben, die bei etwa 380 $ gegenüber 395 $ liegt, was nicht so aussieht, als würden wir zu diesem Zeitpunkt einen Durchbruch dieses Niveaus erleben. Wir sind gerade dabei, uns zu konsolidieren.

Wenn wir dieses Niveau von 380 $ bis 395 $ durchbrechen, werden wir meiner Meinung nach 440 $ testen, aber auf der Grundlage eines wöchentlichen Zeitrahmens könnten wir auch sagen, dass wir hier eine steigende Keilkonstruktion haben, durch die ein erneuter Test dieser unteren Zonen (um die 340 $) nicht unwahrscheinlich und für einen Markt sehr gesund wäre.

Auch der Krypto-Händler ist gegenüber XRP bearish. Laut Van de Poppe’s Diagramm kann Ripple’s natives Token potentiell über 16% seines Wertes verlieren, da es von $0,24 auf $0,20 fallen wird.

„Dieser, und im Allgemeinen die Märkte, zeigen eine weitere Rückläufigkeit, die noch kommen wird. In diesem Fall, wenn diese Konstruktion nach Süden bricht, wäre ich daran interessiert, zunächst nach Longs um 0,195-0,205 $ zu suchen.

Obwohl Van de Poppe gegenüber BTC kurzfristig rückläufig ist, glauben eine Reihe von Analysten, dass BTC bereit ist, die $12.000-Marke und darüber hinaus zu durchbrechen.

Der populäre pseudonymisierte Händler The Crypto Dog sagte kürzlich, er glaube, dass BTC an der Schwelle zu einer massiven parabolischen Aufwärtsrallye stehe.