China’s Lucky 8: de meest innovatieve mensen in Crypto

China’s Lucky 8: de meest innovatieve mensen in Crypto

Deze acht mensen vormen en voeden in stilte de toekomst van de Chinese crypto-industrie.

Voor da bing’s eerste column van het nieuwe jaar wilde ik terugblikken op wat, in ieder geval voor Chinese crypto-investeerders, een heel moeilijk jaar was. Concreet wilde ik de meest invloedrijke mensen in de Chinese crypto oproepen die er vorig Bitcoin Loophole jaar in slaagden om de industrie vooruit te helpen, aangezien zij het beste in staat zijn om crypto in het komende jaar vorm te geven en te regisseren.

Het is geen geheim dat de Chinese investeerders rekt kregen tijdens Zwarte Donderdag in Maart, veel erger dan hun westerse tegenhangers. Ze konden niet genieten van de zomeroogst van DeFi en houden nu lege zakken vast, omdat ze hopen dat BTC een beetje zakt zodat ze zich kunnen inkopen. De BTC-mijnbouw gaat verder op de weg van de decentralisatie en verspreidt zich vanuit China’s belangrijkste hubs, zoals Sichuan, naar Europa en de Verenigde Staten. Filecoin-mijnbouw in China werd gehypet, stopgezet, gelanceerd, gemanoeuvreerd en vervolgens in het huidige, meer gematigde, bereik gesetteld.

Bij 8PM Vrijdag, werd meer dan $3 miljoen dollar in digitale yuan aan 10 duizend inwoners van Suzhou, een stad die bekend staat om zijn prachtige Klassieke Tuinen, in de lucht gedropt. De gelukkigen hebben nu opeens…

Het moreel ging nog lager omdat Ponzi-regelingen, zoals PlusToken, de industrie besmetten en potentiële investeerders verder vervreemdden van het overwegen van de ruimte.

En toch heeft 2020, ondanks een slecht jaar, ook de Chinese cryptogemeenschap een lesje geleerd: Als gemeenschap zal onze impact afnemen als we ons niet richten op het bouwen en voeden van projecten die bijdragen aan de vooruitgang van crypto op de lange termijn.

Dat brengt ons terug bij het punt van deze column: Wie zijn de beïnvloeders in China die dat proberen te doen? Ik lag op de loer bij tal van WeChat-groepen en probeerde me te richten op mensen die voortdurend worden geciteerd als de bouwers en de verzorgers. Ik was ook op zoek naar namen die in het westen minder bekend zijn, zodat je de gebruikelijke verdachten zoals Bitmain’s Jihan Wu, Binance’s CZ, Huobi’s Leon Li, Wanxiang’s Feng Xiao en dForce’s Mindao Yang niet ziet. In plaats daarvan koos ik de top acht, een veelbelovend getal dat rijkdom in het Chinees betekent.

De Lucky Eight

Pan, algemeen bekend als 彪哥, wordt niet alleen gekozen vanwege zijn invloed als crypto OG, maar ook vanwege zijn voortdurende heruitvinding van hoe een mijnbouwpool kan functioneren.

Pan was een vroege werknemer bij Bitmain in 2014, en leidde later BTC.com. Hij richtte Poolin op in 2017, een crypto-mijnbouwpool met hoofdzetel in Peking. Met kantoren in Sichuan, het centrum van de mijnbouw, werd het al snel een van de grootste mijnpools ter wereld.

Vergeleken met veel Chinese mijnbouwbedrijven die zich meer gedragen als traditionele energiebedrijven, praat Pan en handelt hij als een Fintech-ondernemer.

In 2020 breidde hij zijn productaanbod uit door Poolin Wallet en Poolin Asset Management uit te brengen. Hij huurde een team van ontwikkelaars en handelaars in om DeFi-projecten te bestuderen en slaagde erin om mooie rendementen te behalen voor zijn klanten, terwijl vele anderen de DeFi-trein volledig misten.

Nu de mijnbouw steeds concurrerender wordt en de marges steeds kleiner worden, laat Pan de rest van de Chinese cryptogemeenschap zien hoe hij van de mijnbouw naar de fintech kan overstappen.

Hackers eisen $34M Bitcoin losgeld van het Taiwanese Foxconn.

  • Een toonaangevend elektronicabedrijf, Foxconn, was onlangs betrokken bij een ransomware-aanval.
  • De aanvallers eisen ongeveer 34 miljoen dollar aan losgeld van Bitcoin om hun gestolen gegevens te ontcijferen.

Ransomware-aanvallen zijn een andere cyberbedreiging die de afgelopen weken snel is toegenomen. Een van de laatste slachtoffers is Foxconn, een Taiwanese multinational op het gebied van elektronica. De aanvallers eisen een losgeld van Bitcoin ter waarde van miljoenen dollars om gestolen en gecodeerde informatie terug te geven. Deze aanvallen verspreiden zich op grote schaal en vallen zowel particuliere als overheidsorganisaties aan.

Ransomware-aanvallers willen meer dan 1000 Bitcoin-lossingen.

Zoals Bleeping Computers meldde, werd het elektronicabedrijf aangevallen op 29 november, dat was tijdens het dankzeggingweekend. Precies, het bedrijf werd aangevallen door de DoppelPaymer ransomware-bende, die belangrijke gegevens die betrekking hebben op de activiteiten van het bedrijf in Noord-Amerika heeft gecodeerd en gestolen. De aanvaller eiste ongeveer 1.804 Bitcoin losgeld van het bedrijf om de informatie te ontcijferen.

Na de prijs van Bitcoin Bank vandaag de dag zijn cryptocurrencies ongeveer $34 miljoen waard. Destijds dreigde de aanvaller een deel van de informatie van het bedrijf vrij te geven aan het publiek als er na drie werkdagen geen contact met hen werd opgenomen. Het blijft onbekend of het bedrijf al contact met hen heeft opgenomen. Bitcoin is niet nieuw voor Foxconn, want het is één van de investeerders van crypto portemonnee aanbieder Abra.

Ransomware bedreigingen

Er lijkt een kielzog van losbandigheid te zijn, vooral in Taiwan. Op 30 november meldde Cryptopolitan dat Advantech, een technologiebedrijf uit Taiwan, ook werd aangevallen door een losgeld, waardoor relevante gegevens van het bedrijf werden gecodeerd. Ze eisten ongeveer $14 miljoen aan losgeld van het bedrijf in Bitcoin.

Advantech beweerde echter dat er inspanningen worden geleverd om de affect-servers te herstellen, zodat andere systemen in het bedrijf niet werden getroffen, alleen de servers.

In dezelfde maand werd ook een populaire Italiaanse alcoholische likeur, Campari, aangevallen door losgeld. Ongeveer 2TB aan gegevens werd gestolen. De aanvallers eisten maar liefst 15 miljoen dollar aan losgeld van Bitcoin om de informatie vrij te geven.

This billionaire is liquidating his fortune in Ripple (XRP) at an incredible speed, and nothing will stop him

Its XRP burns its hands – One of the main problems with XRP is that Ripple Labs and its founders hold astronomical amounts of it. This has become all the more problematic since Jed McCaleb, former founder of Ripple, decided to get rid of his tokens as quickly as possible.

Billions of XRP to spare

In July 2013, Jed McCaleb definitively slammed the door of Bitcoin Evolution (then called OpenCoin ), of which he was however one of the main initiators.

Since then, although he has moved on to his new cryptocurrency project – Stellar (XLM), launched in 2014 – Jed McCaleb has nonetheless retained a large indirect influence on Ripple’s XRP .

Indeed, when he left his previous project, due to differing views, he took away no less than 9.5 billion XRP , or 9.5% of all existing XRP .

After a lengthy legal battle that ended in February 2016, Ripple Labs and Jed McCaled managed to come to an agreement on how to liquidate their XRP which, from the start, expressed a desire to resell them.

The amount of XRP that the former founder of Ripple can resell depends on the global trading volumes of this interbank token. And as these volumes have increased … guess what!

Jed McCaleb steps up XRP liquidation

Stellar’s current CTO can resell up to 1.5% of the global XRP trading volume every day . If this represented „only“ 2 million XRP per day last May, the pace has accelerated sharply in recent days.

As anyone can see from Jed McCaleb’s XRP address (thanks to the blockchain transparency ), his liquidation saw a first sharp increase since late last month. Eh yes ! Since November 29, our friend has gone from less than 4 million XRP resold every day to over 9.9 million XRP , or almost $ 6 million.

But since December 6 , the „dump machine“ has been racing again . Jed McCaleb has effectively disposed of over 29.57 million XRP in each of the past 2 days , or around $ 35.5 million in tokens resold within 24 hours.

Knowing that there are still nearly 3.7 billion XRP to get rid of, it may end up hurting a lot at this rate, even through OTC transactions (over-the-counter) which nevertheless influence a lot. minus the prices compared to trading on crypto exchanges.

Black Friday distributes R$ 540 thousand in cryptomoedas for free and discounts of up to 50% to buy Bitcoin

Investors can earn money at BTC by participating in promotions from companies operating in the cryptomaniac market.

Black Friday will happen officially this Friday (27) and can offer more then $ 540 thousand in cryptomoedas for free to traders and investors of the market. Besides, in one of the promotions it will be possible to buy Crypto Code with until 50% discount.

Most of the market promotions offer discounts on the purchase of cryptomycins, besides a reduction on trading fees and withdrawals. However, with Black Friday it is also possible to win cryptomycins for free.

And in some cases, the promotion will be extended beyond the day known worldwide for offering discounts and advantages in the market. Thus, in addition to discounts and free cryptomites, with Black Friday 2020 promotions traders can also contract loans with Bitcoin guarantee.

Great part of the companies that acts on the Brazilian cryptomeda market has announced promotions related to Black Friday, as is the case of Bitcoin Market.

The exchange of Brazil will distribute up to $ 250 for traders who deposit money on the platform. Called „Black Week“, the Bitcoin Market promotion will offer bonuses for deposits between R$ 100 and R$ 3 thousand on the platform.

In other words, who deposit $ 3 thousand on the exchange should win the maximum bonus offered by the promotion, of $ 250. Meanwhile, deposits of $ 100 give the right to $ 10 free of charge.

Bitcoin Market promotes Black Week (Reproduction)

Cryptomoedas for free

While the Bitcoin Market offers R$ 250 to users, at Binance traders can win more than R$ 530 thousand in prizes during Black Friday. According to the exchange promotion, the amount will be distributed to traders who trade cryptomoedas.

This way, cryptomotes will be won for free if you trade at least US$ 1 thousand on the platform. Soon after fulfilling the requirements of the promotion, users will participate in a draw that will entitle them to compete for the prize.

In addition, whoever is drawn by Binance will be able to buy Bitcoin at a discount during Black Friday. It will last until November 30th, 2020 and you can buy BTC at Binance with up to 50% and win cryptomorphs for free.
Reduced fees and blockchain courses

Black Friday at NovaDAX started earlier than other companies on November 20th and resulted in zero rate for traders trading cryptomoedas on the platform.

Therefore, those who traded up to R$ 2,499 until November 19 were able to take advantage of trading with cryptomotes without fees. According to the exchange, this reduction in rates will be maintained at 0.5% for these investors until December 23.

BTG Pactual digital anticipates Black Friday and announces discounts on investment products and trade courses

Besides exchanges, other companies offer discounts and opportunities at Black Friday related to Bitcoin, such as Blockchain Academy. The company is offering unmissable discounts in courses about blockchain technology.

PIX Friday: the impact of PIX and fintechs on Black Friday

Loan and cashback

Black Friday’s promotion for the cryptomime market offers other types of advantages besides Bitcoin for free and discount on exchanges purchases. In the promotion presented by CoinGoBack, there will be a draw of R$ 1 thousand for users.

In addition to the raffle that offers fractions of Bitcoin, the company has a cashback program with return of part of the money spent on purchases and or services. In this case, the cashback is offered in Bitcoin, and can yield some balance in cryptomoedas for free.

On the other hand, whoever does not want to spend the balance in cryptomotes during Black Friday can use the amount to request a loan at Rispar. With rates of 0.99% during the week of discounts, the platform offers collateralized loans in BTC.

Bitcoin ei ole valmis siirtymään valtavirtaan

Bitcoin ei ole valmis siirtymään valtavirtaan. Bitcoin ei toimisi hyvin, jos ihmisjoukot yrittäisivät käyttää sitä.

Siinä tapauksessa koko maailma käytti Bitcoinia, Blockchain ei toiminut.

Valtavirtaan siirtyminen merkitsisi 700 miljardia tapahtumaa vuodessa.

Bitcoin ei ole valmis siirtymään valtavirtaan

Bitcoin ei ole valmis siirtymään valtavirtaan. Bitcoin ei toimisi hyvin, jos ihmisjoukot yrittäisivät käyttää sitä. Siinä tapauksessa koko maailma käytti kolikkoa; Blockchain ei toimisi.

Valtavirtaan siirtyminen merkitsisi 700 miljardia tapahtumaa vuodessa. Bitcoin laajentaa hitaasti kapasiteettiaan, mutta se ei toimi vauhdilla, jonka pitäisi ottaa huomioon sen kasvu.

Digitaalinen valuutta luokitellaan maailman 1. numeroksi. Digitaalisten kolikoiden tavoitteena on, että se on ensisijainen valuutta ympäri maailmaa. Rajoitetun kapasiteettinsa vuoksi digitaalinen omaisuus ei voi saavuttaa tavoitteitaan; sen sijaan sitä on käytetty arvovarastona.

Digitaalitransaktiot ovat kasvaneet, kolikkokauppamaksut ovat laskeneet. Kolikon palaute on, että ostosten tekeminen on hitaampaa ja kalliimpaa, kun teet pienyrityksiä kuin käteistä.

Digitaalisen kolikon fanit uskovat, että se saavuttaa vaiheen, jossa jokainen maa käyttää valuuttaa.

Digitaalisten lompakoiden ilmaantuminen on myös synnyttänyt toivoa valuutalle

Digitaalisia lompakoita käytetään kaikkeen persikan ostamisesta Porscheen, ja tässä tapauksessa ostot ovat tehokkaita. Viime vuonna tapahtui 208,5 miljardia digitaalista tapahtumaa, mikä merkitsi 1,9 miljardia päivässä.

Tavoitteena on, että digitaalinen kolikko pystyy suorittamaan 13 194 444 tapahtumaa 600 sekunnin välein. Digitaalinen omaisuus ei saavuttaisi tavoitteitaan, koska sillä on tällä hetkellä 7 Gt tietoa, kun taas koko Blockchain olisi 300 Gt.

Jotta online-kolikko saavuttaisi tavoitteensa, sen on lisättävä koko Blockchain 43 päivän välein.

Market Watch: Bitcoin zurück bei 15.000 USD, als Crypto Markets nach Bidens Sieg 30 Milliarden USD verlor

Der offizielle Sieg von Joe Biden hat den Kryptomarkt nach Süden getrieben. Trotz einer guten Erholung tankte Bitcoin unter 15.000 USD, während die Altcoins rot vergraben wurden.

Die offizielle Wahl von Joe Biden zum 46. US-Präsidenten führte zu einem scharfen Sturzflug für Crypto Code und den Rest des Kryptowährungsmarktes. Während BTC am Tiefststand am Samstag auf ein Tief von 14.350 USD fiel, verlor die Gesamtmarktkapitalisierung gestern an einem Punkt fast 30 Mrd. USD.

Bidens Wahl hat BTC nach unten getrieben?

Die vergangene Woche war für Bitcoin ziemlich beeindruckend. Die primäre Kryptowährung trat am 3. November mit rund 13.300 US-Dollar in den Wahltag ein. Die darauf folgende Unsicherheit brachte den Vermögenswert auf ein neues Jahreshoch von fast 16.000 USD. Dies war auch das höchste Preisniveau, das BTC seit Januar 2018 registriert hatte.

Nach seinem Höhepunkt ging Bitcoin leicht zurück, handelte aber weiterhin über der Marke von 15.000 USD. Die Situation änderte sich jedoch gestern, nachdem die offizielle Ankündigung bekannt wurde, dass der frühere Vizepräsident Joe Biden den amtierenden US-Präsidenten Donald Trump geschlagen hat und im Januar 2021 sein Amt antreten wird.

Wie CryptoPotato berichtete , reagierte BTC mit einem kräftigen Preisverfall, was zu einem Intraday-Tief von 14.350 USD (bei Bitstamp) führte. Ein klassisches Ereignis „Kaufen Sie das Gerücht, verkaufen Sie die Nachrichten“.

Bitcoin hat seitdem die meisten seiner Verluste wieder aufgeholt und flirtet derzeit mit dem Niveau von 15.000 USD. Trotzdem ist dies auf 24-Stunden-Skala immer noch ein Rückgang von 3%.

Nur einen Tag nach der Darstellung beeindruckender zweistelliger und sogar dreistelliger Preispumpen sind die meisten Altcoins gegenüber ihrem USD-Wert gesunken.

Gestern hat Ethereum seinen neuen Höchststand seit Anfang September bei 470 USD erreicht. In den folgenden Stunden stürzte die ETH auf 425 Dollar. Obwohl es wieder auf 440 USD gestiegen ist, ist die ETH immer noch um fast 5% gesunken.

Der Rückgang von Ripple ist auf einer 24-Stunden-Skala ähnlich, und XRP bemüht sich, über 0,25 USD zu bleiben

Bitcoin Cash (-5%), Binance Coin (-4%), Chainlink (-8,5%), Polkadot (-8,5%), Cardano (-8%) und Litecoin (-7%) schreiben rote Zahlen .

Wie erwartet zeigten die Altcoins mit niedrigerer Obergrenze eine noch höhere Volatilität. Energy Web Token ist um 12% gefallen, ABBC Coin (-11%), Solana (-10,5%), Compound (-10%), Algorand (-10%) und Ren (-10%) haben alle doppelt verloren. Ziffernprozentsätze.

Insgesamt hat sich die kumulierte Marktkapitalisierung aller Kryptowährungsaktiva von 450 Mrd. USD auf 433 Mrd. USD erhöht. Darüber hinaus wurden vor wenigen Stunden 423 Milliarden US-Dollar ausgewiesen.

Bitcoin ha rotto oltre i 14.000 dollari di resistenza – Continuerà la tendenza rialzista?

Il Bitcoin è diventato impulsivo e non volatile dopo il rimbalzo dal livello dinamico.

Il Bitcoin ha superato il livello di resistenza psicologica di 14.000 dollari. I tori continueranno ulteriormente la tendenza rialzista?Cosa dicono i grafici e gli indicatori tecnici? Continuate a leggere per trovare ulteriori approfondimenti sull’analisi tecnica di oggi di BTC/USD.

5 novembre 2020, | AtoZ Markets – Bitcoin sta attualmente scambiando circa 14.300 dollari e sta cercando di salire ulteriormente. Dopo aver superato l’area di resistenza di $14.000, i tori hanno spinto il prezzo al rialzo in modo piuttosto aggressivo. Secondo l’attuale azione di prezzo, nei prossimi giorni il prezzo potrebbe risalire verso il livello dinamico di 20 EMA.

La precedente deputata repubblicana e attuale detentrice del Crypto Bank ha vinto un seggio al Senato degli Stati Uniti contro lo sfidante democratico Merav Ben-David. Come indicato da un rapporto di Fortune del 4 novembre, la Lummis è stata una delle prime ad adottare il Bitcoin (BTC), avendo acquistato per la prima volta la criptovaluta nel 2013 a causa di una soffiata del genero, Will Cole. Cole lavora come Chief Product Officer presso la società di amministrazione monetaria blockchain Unchained Capital dal dicembre 2019.

Inoltre, il fondatore e amministratore delegato di Avanti, Caitlin Long, ha dichiarato: „Cynthia ha fiducia nella filosofia che sta dietro a Bitcoin, non semplicemente nel fatto che si tratta di un’altra classe di risorse“. In seguito ha twittato che Lummis ha bisogno di proteggere Bitcoin „contro le violazioni del governo“.

Bitcoin ha rotto più in alto come gli investitori sono ottimisti sulle elezioni negli Stati Uniti

BTC sta attualmente operando in un’area di circa 14.300 dollari e sta cercando di recuperare più in alto. Tuttavia, il prezzo ha trovato supporto anche sulla linea Kijun e sulla linea Tenkan sul grafico intraday.

Secondo il grafico a 4 ore, Bitcoin ha rotto sopra e attualmente risiede vicino a 14.300 dollari. Come per l’azione corrente del prezzo, se il prezzo può avere una candela rialzista impulsiva a 4 ore chiusa sopra l’area di $14.300, i tori possono recuperare verso l’alto verso l’area di $15.000 a $15.200. In alternativa, se il prezzo spinge verso il basso e si rompe al di sotto dell’area da $14.000 a $13.800, gli orsi possono riguadagnare slancio e scendere verso l’area da $13.000 a $12.800 nel processo.

Inoltre, il livello dinamico di 20 EMA è attualmente al di sotto del prezzo. Insieme alla linea Kijun e alla linea Tenkan. Il livello dinamico può mantenere il prezzo come forte sostegno e spingere al rialzo. Inoltre, la linea Kijun e la linea Tenkan potrebbero funzionare come una confluenza del livello dinamico nei prossimi giorni.

I Bitcoin Bulls possono raggiungere il livello massimo del 2017

Secondo il grafico giornaliero, Bitcoin ha rotto sopra e attualmente risiede vicino all’area di 14.300 dollari. Secondo lo scenario attuale, se il prezzo sale ulteriormente verso l’area da 15.000 a 15.200 dollari e si rifiuta, la BTC potrebbe risalire verso il livello di supporto da 13.000 a 12.800 dollari. Quindi, se il prezzo si ritrae verso l’area da $13.000 a $12.800 e rimbalza più in alto, il Bitcoin potrebbe sostenere il bias rialzista verso l’area da $15.000 a $15.200 come primo obiettivo. Il secondo obiettivo sarà di area da $16.000 a $16.200 se il prezzo si rompe sopra l’area da $15.000 a $15.200 nei prossimi giorni.

Bitcoin ha rotto sopra

Inoltre, il livello dinamico di 20 EMA è attualmente inferiore al prezzo. Ciò potrebbe far scendere il prezzo come una media inversione di tendenza. Inoltre, la linea RSI risiede attualmente al di sopra del livello di ipercomprato 80. Ciò indica che gli orsi potrebbero riacquistare slancio nei giorni a venire.

Per concludere, dopo un lungo periodo di volatilità, Bitcoin è riuscito a rompere al di sopra del livello di resistenza psicologica. Una chiusura giornaliera è necessaria per identificare lo slancio definitivo nei prossimi giorni.

Paymium launches into liquidity mining: 1.2M BCIO tokens to be won

The Paymium exchange opens on Uniswap and Balancer two liquidity mining pools for the BCIO, the native token of its Blockchain.io altcoins platform. Over a period of one month, 1.2 million BCIO tokens will be distributed to liquidity providers.

Blockchain.io and its token, the BCIO

Created by the French team of Paymium in 2018, Blockchain.io is a new cryptocurrency trading platform . Since its creation, Blockchain.io has strived to offer foolproof security and reliability, all in compliance with current French regulations.

Blockchain.io comes with its native token, the BCIO . This has several roles for the ecosystem of the platform. It allows its holders to reduce their transaction costs and offers them voting rights on the evolution of the platform’s services .

The BCIO token will also be used on Paymium , and the merger of the two platforms currently underway suggests that the utility of the BCIO could be enriched soon.

Earn BCIOs by becoming a liquidity provider

Always ready to experiment, the Paymium platform opens for the first time two liquidity mining pools in BCIO , the token that owns its Blockchain.io altcoin platform .

These liquidity pools will be opened on the Uniswap and Balancer platforms, and liquidity providers will be greatly rewarded.

From this day, November 4, 2020 at 12:00 , and until December 2 , the rewards will rain: 1.2 million BCIO tokens will be distributed among the participants .

These rewards in BCIO are in addition to those already offered natively in UNI or BAL tokens. Indeed, liquidity providers receive a portion of the exchanges that pass through the pools where they place funds.

The interest is therefore double, participate in the liquidity of the BCIO / ETH pair and receive commissions on the transaction fees of other users. To distribute the rewards among the participants, two snapshots of the addresses providing liquidity to the pools will be taken during the week at a random time.

You will therefore have to leave your crypto-assets on Uniswap and Balancer smart contracts for the entire period to be sure of obtaining the rewards, which will be paid out on a weekly basis.

Of the 1.2 million BCIOs that will be distributed to participants, 400,000 will be distributed on Uniswap in this way:

Uniswap’s liquidity pool reserve follows the following pattern: 50% BCIO / 50% ETH

The remaining 800,000 BCIOs are allocated to liquidity providers on Balancer , with the following breakdown:

Balancer’s liquidity pool reserve follows the following pattern: 20% BCIO / 80% ETH.

To add the BCIO token in the platform lists, copy / paste the official contract address: 0xcdc412f306e0c51e3249b88c65423cd16b322673.

In case you are unfamiliar with using the Uniswap and Balancer platforms, comprehensive tutorials on how to provide liquidity have been written by Blockchain.io.

Depending on the results obtained, Paymium could repeat the operation, and offer even more rewards to the BCIO’s liquidity providers.

If you have any questions, don’t hesitate to join the Telegram and Discord groups dedicated to Blockchain.io.

Stock markets fall worldwide as Bitcoin price breaks historic record in Brazil

Lack of economic stimulus approval in the United States and arrival of the second wave of New Coronavirus worry traditional financial market.

Stock markets fall worldwide as Bitcoin price breaks historic record in BrazilNOTÍCIAS
The world’s major stock exchanges Crypto Investor are falling on Wednesday (21), unlike Bitcoin which triggered a wave of recent market appreciation.

While some indices are awaiting approval of an economic stimulus in the United States, the Bitcoin is appreciating in the market, and has risen more than 6% in the last 24 hours.

Thus, the value achieved in US dollars by Bitcoin already represents the record price that cryptomeda had in Brazil. Thus, with the valuation of BTC, the price reached more than R$ 70,000, as reported by the Cointelegraph.

Stock markets melt
Stock exchanges around the world began this Wednesday (21) with a slight appreciation, but the stalemate in the approval of a US economic stimulus caused the main economic indices to fall.

In addition, the great concern about a second wave of New Coronavirus in Europe brought down indices linked to the traditional financial market.

As a result, indices such as the Euro Stoxx accumulated a decline of 1.46% after the impact of the US economic stimulus which has not yet been approved, in addition to the second wave of New Coronavirus. In this case, the Euro Stoxx index represents shares in 50 major companies in Europe.

Bitcoin exceeds $12,300 after PayPal confirms Venmo will become a BTC portfolio
The same can be seen in indices such as the DAX of the German stock exchange. With a fall of 1.41% on this Wednesday (21), the index representing the 30 largest companies in Germany (with listed capital) also reverberated the return of the pandemic and the US economic stalemate.

On the other hand, Asian stock exchanges do not face the same negative performance as other stock exchanges around the world. In addition, the Ibovespa index (IBOV) of the stock exchange in Brazil also counters the downward movement in other countries. In the case of the Brazilian stock exchange, there has so far been a 0.44% growth in the Ibovespa index.

US economic stimulus
The traditional financial market must respond positively to the economic stimulus that the United States intends to approve shortly. According to President Donald Trump’s proposal, this stimulus should comprise something like US$ 1.9 trillion, or about R$ 10 trillion.

On the other hand, the opposition to Trump’s government advocates an even bigger economic stimulus package. According to the Democrats‘ project, the United States should inject US$2.2 trillion into the economy, or R$12.3 trillion.

On Tuesday, President Donald Trump met with opposition leader Nancy Pelosi in an attempt to approve the economic stimulus for the country. However, there is resistance in Congress to approve the stimulus. According to Senator and Republican leader Mitch McConnell, the R$10 trillion package should only be approved after the US elections.

Bitcoin breaks record

While stock exchanges around the world feel the impact of the lack of approval of the US trillionaire stimulus, the price of Bitcoin has unleashed a wave of appreciation recently that has made cryptomoeda break a historic record in Brazil.

Thus, on Wednesday (21) the price of Bitcoin renewed its historic high in the country, after breaking the R$ 70,000 value that had not been reached since December 16, 2017.
Price of Bitcoin on Wednesday 21 (Reproduction/CoinMarketCap)

Although Bitcoin is far from reaching the record price in dollars, in Brazil this has been possible with the devaluation of the Brazilian real recently. If at the end of 2017 the dollar was traded for R$ 3.31 against the real, today this value corresponds to R$ 5.59, which justifies the record price of the Bitcoin in Brazil.

Quebra : Square investit 50 milhões $ dans Bitcoin (BTC)

Good news, everyone! – While the cryptomoney market was rather amorphous these last few days, a big bullish news has just fallen. After MicroStrategy last month, it’s now Square who proudly announces having invested heavily in Bitcoin.

Nearly 5,000 BTC bought in cash

Founded by Jack Dorsey (also the creator of Twitter), Square aims to simplify electronic payments.

In a press release issued on October 8, Square announced that it had purchased approximately 4,709 Bitcoins, for a total purchase price of $50 million.

This investment in the King of Cryptos represents approximately 1% of Square’s total assets at the end of the second quarter of 2020.

Since 2018, Square had already been offering its customers the opportunity to purchase Bitcoins through its Cash App, but this is the first time the company has purchased Bitcoins for its own financial investment.

„We believe Bitcoin has the potential to become a more ubiquitous currency in the future. As Bitcoin is adopted, we intend (…) to participate in it in an organised way. As a company that builds products based on a more inclusive future [financially], this investment is a step towards that goal. „Amrita Ahuja, Square’s Chief Financial Officer.

A white paper on Bitcoin investment

Rarely has Square released a whitepaper explaining in detail its investment strategy in the Crypto Trader invented by Satoshi Nakamoto. Jack Dorsey’s company explains that it wants to protect itself from future economic risks by reducing its positions in US dollars:

„Given the rapid evolution of the cryptomoney industry, and the unprecedented macroeconomic and monetary policy uncertainty, we believe that the time has come for us to diversify our balance sheet, which is too largely denominated in dollars, and to invest significantly in Bitcoins. »

In order to avoid an explosion of BTC prices during this important purchase, Square explains in its investment white paper that it bought its bitcoins „over-the-counter“ (OTC).

The purchase of Square’s 4,709 BTCs was thus executed gradually over a 24-hour period.

Square concludes its investment whitepaper with the following statement:

„We hope that this explanation of our decision to allocate part of Square’s assets to bitcoins will provide useful information to others considering a similar strategy. »

A very promising conclusion, admittedly, since it implies that other big companies are seriously considering doing the same as MicroStrategy and Square. While greenbacks are becoming less and less popular as a reserve currency, Bitcoin is gaining its first stripes in this respect. But let’s end on a lighter note: for a company like Square, a $50 million expense is not astronomical either.