Styret i MicroStrategy begynner å motta gebyrer i Bitcoin

12. april 2021 sa Business Intelligence-firmaet MicroStrategy at dets ikke-ansatte styremedlemmer nå vil motta gebyrene sine i BTC i stedet for kontanter.

BTC-betalinger er i gang

Kunngjøringen kom i en 8-K-arkivering til US SEC, der firmaet hevdet at de ønsker å endre kompensasjonsordningen for ikke-ansatte styremedlemmer fra 11. april.

Det Nasdaq-børsnoterte selskapet har for tiden nesten 100 000 enheter BTC, noe som gjør det til et av de offentlige selskapene med størst eierandel i kassen. Ledet av bitcoin-oksen Michael Saylor, fortaler business intelligence-firmaet for at flere institusjoner skal investere i mynten via sine ‚Bitcoin for Corporations‘ online-kurs.

I henhold til MicroStrategy-arkiveringen støttet alle styremedlemmene flyttingen og siterte sin forpliktelse til verdens ledende krypto.

„Styret sitert sin forpliktelse til bitcoin gitt sin evne til å tjene som en butikk av verdi, støttet av en robust og offentlig åpen kildekildearkitektur, uavhengig av suveræn pengepolitikk,“ heter det i et utdrag fra SEC-arkivet.

SEC-arkivering presiserer videre at styrets honorar ikke vil bli endret og i utgangspunktet nominelt i USD. Midlene blir deretter konvertert til BTC av en betalingsbehandler på betalingstidspunktet og deponert i hver regissørs digitale lommebok.

MicroStrategy fortsetter å gjøre Pro-Bitcoin-bevegelser

MicroStrategy Inc begynte å være en stor bitcoin-bedriftsstøtter i august i fjor da den anskaffet sitt første parti av mynten. Siden den gang har firmaet fortsatt å samle mer bitcoin ettersom kryptovalutaen øker i verdi.

Til dags dato har MicroStrategy investert mer enn 5 milliarder dollar i BTC. Det siste kjøpet kom 5. april da selskapet la til ytterligere 253 mynter i selskapets reserver for $ 15 millioner i kontanter.

Andre topp selskaper som Tesla og Square Inc. har fulgt Microstrategy og investert store beløp fra sine kontantreserver for å kjøpe BTC. Konsernsjef Michael Saylor mener at den voksende institusjonelle investeringen i verdens ledende krypto bare er “toppen av isfjellet”.

Bitcoins advokat spår at et skred av institusjoner vil komme inn i BTC-markedet de neste månedene. En slik bredere adopsjon av investorer med dype lommer vil presse prisene enda høyere på bakgrunn av begrensede nye BTC-forsyninger.

Den siste avgjørelsen fra MicroStrategy om å begynne å kompensere styremedlemmer i BTC kommer da mynten svevde over $ 60K for å nærme seg livstidshøyder i helgen.

Kan MicroStrategy bli en Defacto Bitcoin ETF?

Det Michael Saylor-ledede firmaets appetitt for BTC har overbevist noen investeringseksperter om at det kan planlegge å bli en de facto Bitcoin ETF i fravær av denne tjenesten i USA.

Meltem Demirors, strategidirektør i CoinShares, hevder at Microstrategy kan anskaffe så mye av den digitale eiendelen som mulig for å fylle bitcoin ETF-gapet i det amerikanske kryptorommet.

“Jeg tror det indikerer at de ikke har en annen plan enn å bli en de facto Bitcoin ETF. Så kanskje bullish for Bitcoin, ”sa Demirors i et intervju med Decrypt.

Los reguladores de Dubai piden comentarios del público sobre las leyes de cifrado propuestas

Los reguladores financieros en Dubai han promulgado una ventana de 30 días para comentarios públicos sobre las regulaciones de los tokens de seguridad.

La Autoridad de Servicios Financieros de Dubai, o DFSA, continúa sus esfuerzos para crear un marco estandarizado para las regulaciones de criptomonedas en la megaciudad

Según un comunicado de prensa de la DFSA emitido el lunes, el regulador financiero de Dubai ha pedido a los miembros del público que envíen comentarios sobre sus regulaciones propuestas para las criptomonedas consideradas tokens de seguridad.

La fase de comentarios públicos del proceso tendrá una duración de 30 días y es parte de las modalidades para instituir el „Marco para regular los tokens de seguridad“ de la DFSA.

La infraestructura de tokens de seguridad de Dubai se centra en proporcionar claridad regulatoria en tres áreas principales de preocupación. La primera parte trata de la creación de un marco regulado para ofrecer y negociar valores digitales a inversores, incluidos compradores minoristas.

La DFSA está dando prioridad a los protocolos de control de calidad para proteger a los inversores minoristas con emisores de tokens de valor que cumplen con los estrictos requisitos de divulgación en sus folletos.

La tercera área de preocupación para la DFSA se centra en los servicios de soporte asociados con los tokens de seguridad. Estos incluyen proveedores de custodia de activos y servicios de asesoría

Al comentar sobre la necesidad de regulaciones claras para los tokens de seguridad basados ​​en tecnología de contabilidad descentralizada, el director ejecutivo de DFSA, Bryan Stirewalt, dijo:

“La propuesta de regulación de los tokens de seguridad es un hito clave para allanar un camino claro y seguro para aquellos emisores que deseen recaudar capital en o desde el DIFC utilizando DLT y tecnología similar. Y para aquellas empresas que pretendan involucrarse en este mercado, mediante la realización o prestación de servicios financieros ”.

Según Stirewalt, el objetivo de la DFSA es lograr un equilibrio entre la supervisión regulatoria y la promoción de la innovación en el espacio de los activos digitales. La agencia reguladora planea publicar leyes para tokens de servicios públicos y „tokens de intercambio“ más adelante en 2021.

De hecho, la ciudad se ha convertido en un centro de tecnología de cadenas de bloques y criptomonedas en la región del Golfo. En febrero, Kiklabb, una empresa de licencias de propiedad estatal, comenzó a aceptar pagos en criptomonedas .

En julio de 2020, el gobierno de los Emiratos Árabes Unidos presentó una plataforma Know Your Customer basada en blockchain .

How to bet on the NBA preseason with Bitcoin?

The NBA preseason started and with it, the opportunities to generate profits betting with Bitcoin at the 1xBit casino.

The best basketball on the planet is here, and basketball fans couldn’t be more excited. The NBA preseason has begun with several top-level games during the holidays. Not only does this represent a great opportunity for entertainment, but also for generating large profits by betting on these games. That’s why today we’ll explain how to bet on the NBA preseason with Bitcoin.
The NBA preseason begins

The National Basketball Association (NBA) is without a doubt the best basketball league on the planet. The entire circuit of selection and training of the athletes who participate in this competition is so exhaustive that it guarantees that the best players on the planet will participate in this tournament.

That is why the NBA attracts millions of fans from all over the world, even before the start of the regular season where the next champion of the league will be decided, in what is known as the preseason. A series of games during which teams warm up before the regular season.

Thus, in this series of games you can see the state of the teams before the start of the league, the performance of the players, and games between great teams without the pressure of the regular season. In the next few days, top level games will be played, such as the Cleveland Cavaliers against the Charlotte Hornets this December 25, or the expected Los Angeles Lakers against the Spurs on January 1, 2021.

How to bet with Bitcoin?

Of course, the NBA preseason isn’t just a top-level sporting event. It’s also an opportunity for crypto users to generate profits by placing bets with Bitcoin. This is thanks to the existence of online casinos with an important history, such as 1xBit.

Thus, in 1xBit, we will have the opportunity to bet on any game of the NBA preseason that we want, using Bitcoin or any other crypto currency of our preference. To do this, all you have to do is register on the 1xBit platform, deposit the amount of the cryptomonnea you want to bet, and go to the sports section of the online casino.

At 1xBit you can bet with your favorite crypto currenciesAt 1xBit you can bet with your favorite crypto currencies.

Once there, we must enter the section dedicated to the games of the NBA, where a list with the next games of the league will be displayed before us. You only have to choose the game of your preference, and the aspects of it in which you want to bet. Whether it is who will be the winner of the game, if there will be extra time in the game, and any other aspect we think we can predict.
Betting on the NBA preseason with Bitcoin is very easy in 1xBitBetting on the NBA preseason with Bitcoin is very easy in 1xBit.

All this using the 1xBit platform, with a great experience and recognition in the world of online casinos. You can enjoy the anonymity that crypto currencies provide, as well as the possibility of betting from any country in the world. So generate profits with the preseason of the NBA will be very easy with 1xBit.

El gigante bancario español BBVA planea lanzar servicios de criptodivisa

Lo más destacado:

  • Según un informe de CoinDesk, el gigante bancario español BBVA planea lanzar servicios de custodia y comercio de criptodólares
  • El servicio se lanzará desde Suiza, pero estará dirigido al mercado europeo en su conjunto.
  • Se informa que el BBVA utilizará la solución de custodia criptográfica SILO creada por Avaloq y METACO

El banco español BBVA está planeando ofrecer servicios de custodia y comercio de criptografía.

El gigante bancario español BBVA planea lanzar servicios de criptodivisa, según un informe de CoinDesk. Una de las dos fuentes (sin nombre) de la publicación dijo que los servicios de criptografía de BBVA se lanzarán desde Suiza, pero estarán disponibles en toda Europa. Según esa fuente, podríamos ver el servicio de criptodivisa en funcionamiento ya en enero de 2021, ya que „algunos obstáculos de cumplimiento“ están impidiendo un lanzamiento en diciembre.

La oferta, que según se informa se centrará en las criptodivisas y no en otros tipos de activos digitales, consistirá en un servicio de custodia de criptodivisas (es decir, de almacenamiento seguro), y en su comercialización.

Para sus necesidades de custodia de criptodivisas, se informa de que BBVA ha recurrido a SILO, una solución de custodia de criptodivisas desarrollada por la empresa de software bancario Avaloq y la empresa suiza de criptodivisas METACO. La solución de custodia SILO también es aprovechada por Gazprombank, que ya está ofreciendo servicios de criptografía desde Suiza.

Una de las fuentes de CoinDesk dijo que hay importantes requisitos de cumplimiento que deben cumplirse antes de que el BBVA pueda lanzar sus servicios de criptodivisa:

„El proyecto tiene que pasar por varios procesos para obtener luz verde y convertirse en una realidad“.

La creciente presencia institucional en el mercado de la cripto moneda

El informe sobre el BBVA es otra indicación de que el mundo de las finanzas principales está considerando muy seriamente los activos criptográficos. Esta tendencia es verdaderamente global – el DBS Bank, el mayor banco de Singapur publicó accidentalmente un sitio web a finales de octubre, mostrando que ha estado trabajando en una plataforma de intercambio de cripto-moneda.

En los Estados Unidos, la Oficina del Contralor de la Moneda (OCC) dijo que los bancos estadounidenses están autorizados a mantener criptodivisas en nombre de sus clientes.

Este año, también hemos visto un aumento en la entrada de productos de inversión de criptodivisas de grado institucional (sobre todo los ofrecidos por Grayscale), informes de aumento de los volúmenes de comercio de criptodivisas de la OCC, así como inversiones de Bitcoin de empresas que cotizan en bolsa (MicroStrategy, Square). Todos estos factores indican que la presencia institucional en los mercados de criptodivisas tiende a aumentar.

Por no mencionar que varios inversores destacados han revelado que llevan mucho tiempo en Bitcoin, incluyendo jugadores legendarios como Paul Tudor Jones y Stanley Druckenmiller.

The “Stable Act”, a new American law, could derail DeFi and stablecoins

A new law in the United States could pose a danger to stablecoins and the industry as a whole.

This new law could jeopardize up to a trillion dollars in transactions.

Regulatory crackdowns like this could lead to an exodus from US shores for stablecoin issuers

The decentralized finance ecosystem is growing rapidly and is starting to gain the attention of regulators. A new law in the United States could put stablecoins and the industry at risk.

Stablecoins are the backbone of DeFi, as they provide the lion’s share of liquidity in the ever-growing number of yield holdings and lending incentives. New regulatory measures could put trillion-dollar deals in the nascent financial industry at risk, according to a new study from IntoTheBlock.

Demand for and issuance of stablecoins surged in 2020. Tether alone has increased its market capitalization and supply by almost 400% since January. There are now more than $ 20 billion in USDT in circulation, and regulators are starting to worry.

What is the Stable Act

A new bill from the US Congress called the “Stable Act” proposes strict regulations for issuers of stable currency such as Tether. The most important proposition is that all stablecoin issuers must have a banking charter or license, which is not currently the case.

As the latest Defiant newsletter indicates , such a crackdown could pose a significant threat to the DeFi industry, which is largely fueled by stablecoins such as USDT, USDT, and DAI .

The Stable Act also provides for the introduction of a Federal Reserve reporting and approval requirement at least six months prior to any new stablecoin issuance. Continuous auditing will also be a new requirement if the bill is passed. Another proposed rule is insuring or storing stablecoin reserves directly at the Federal Reserve, making it easier to convert to USD on demand.

If the Stable Act is passed, it will have a huge impact on the entire crypto industry.

Multi-billion dollar transactions

According to IntoTheBlock analyst Lucas Outumuro, who wrote the article, transactions involving stablecoins could be illegal if these strict regulations come into effect.

As of 2020, the cumulative amount of transactions made so far between USDT, USDC and DAI is over $ 1.04 trillion, which would be considered illegal if the Stable Act were passed at this time. moment .

He added that centralized stablecoins such as USDT and USDC , which now have more than $ 3.3 billion in circulation, could apply for a banking charter and meet the new strict requirements, but decentralized assets such as the DAI would be in trouble.

In addition, the bill also targets stablecoin validation software, which is considered illegal if it is not registered as a chartered bank. This would put Ethereum in the crosshairs since the majority of current stablecoins are based on the ERC-20 standard.

The European Central Bank has also warned against stablecoins and a major regulatory move like this could lead to an exodus of stablecoin issuers from the United States.

Visa and Mastercard block Pornhub: will the cryptos save it?

Visa and Mastercard block Pornhub: will the cryptos save it?

The news of the last few hours concerning the world of porn and PornHub in particular is shocking, as the erotic entertainment giant has had its credit card payment channel closed by both Visa and Mastercard.

The news is undoubtedly important and is happening almost a year after the PayPal shutdown which prevented Pornhub from receiving BitQT payments through the service.

At this point cryptos could be a solution

As early as last year, PornHub started accepting other payment systems and turned its gaze to the crypto world by opening up several cryptos and even stablecoins such as USDT, demonstrating good versatility.

Of course even the most famous crypto, Bitcoin, has been added as a payment method along with Litecoin (LTC), effectively expanding the user base that can have these assets.

Surely this is an excellent example of the centralized system we live in, determined by payment system giants that from one day to the next can disconnect and cut off our main payment and credit line.

And it is precisely here that the cryptos are positioned, since they do not need any intermediary and cannot be censored by anyone. This is no small advantage as once the system is integrated there will be no one to stop it or additional costs to keep it active.

Moreover, we remind you that there are already tokens prepared for this sector and it would be enough to simply adopt them, such as the one linked to PornVisory (PVY), token that has been designed to meet these needs of the sector.

We are talking about a very multifaceted token because not only will it be possible to earn it by watching videos on the platform, but it can also be used as a payment to buy items in the sector. Having the advantage of being pseudo-anonymous, it avoids seeing compromising entries on our credit card statement.

Swiss Exchange SIX and SBI plan crypto exchange and issuing platform in Singapore

SIX Digital Exchange and SBI Digital Asset Holdings want to jointly set up an issuing and trading platform for digital assets in Singapore.

The SIX Swiss Exchange and SBI Digital Asset Holdings want to create the leading liquidity hub for digital assets in Singapore through a joint venture, according to SIX in a press release on December 8th. The day before the SIX already had a stake in the founded by Swisscom and Sygnum joint venture Custodigit announced .

Big crypto liquidity boost planned

The still-to-be-founded joint venture in Singapore is scheduled to start in 2022, subject to approval by the local financial watchdog. In addition to an exchange and issuing platform for digital assets, a separate depository for tokens is also to be created.

The trading center, described by SIX as the “most important liquidity hub for institutional digital assets in Singapore” in the future, is intended to realize synergy effects and is primarily aimed at professional players. Bitcoin Investor writes about the plans:

“The joint venture will sell directly to regulated institutional clients using technologies from both companies to provide services such as issuing, listing, trading, CSD infrastructure and custody of digital assets and cryptocurrencies. It will benefit from the extensive network of SIX Digital Exchange in Switzerland and Europe and the network of SBI in Asia and will have access to the expertise of both companies in meeting the needs of institutional clients. “

The Singapore project would also benefit from the previously announced participation in Custodit, which is intended to create an “institutional gateway for digital assets”. Here, too, SIX is primarily focusing on institutional investors:

“The gateway will support the entire asset value chain, from trading and smart order routing to settlement and custody to access to secondary markets. This partnership provides banks and their customers with reliable, secure, compliant and seamless access to cryptocurrencies and digital assets. “

Subject to the respective regulatory approvals, the project is to be launched in the first quarter of 2021 and offer “an initial joint service” by the partners. In the further course of the year, the capacities are then to be “significantly expanded”.

Next step after Omniex participation

The partnership between SIX and Custodigit builds on the investment made in February in the San Francisco-based developer for crypto trading platforms Omniex. The cooperation gives customers of the Swiss stock exchange regulated access to crypto exchanges and OTC markets.

Bitcoin, Ether e XRP Weekly Market Update 9 novembre 2020

Il tetto totale del mercato cripto ha aggiunto 40,2 miliardi di dollari al suo valore negli ultimi sette giorni e ora si attesta a 443,1 miliardi di dollari.

Le prime 10 valute sono state per lo più in verde per lo stesso periodo di tempo, con l’etere (ETH) e il bitcoin (BTC) in testa al gruppo con un aumento rispettivamente del 14 e del 12%. Al momento della scrittura il Bitcoin Trader è scambiato a 15.490 dollari, l’etere è salito a 453 dollari. L’ondulazione (XRP) si aggira intorno a $0,252.

BTC/USD

Bitcoin ha chiuso il mese di ottobre con un aumento dei prezzi del 28% ed è riuscita a penetrare con successo nella zona di resistenza settimanale/mensile da 13.700 a 13.800 dollari il sabato.

La moneta ha chiuso la sessione di negoziazione di domenica 1 novembre a 13.730 dollari, dimostrando che è ancora troppo presto per un’inversione di tendenza a breve o medio termine.

La coppia BTC/USD, tuttavia, è scesa a 13.250 dollari durante l’intraday di lunedì, ma ha trovato stabilità al supporto orizzontale e parzialmente coperta la sera, chiudendo la giornata con una piccola perdita a 13.555 dollari.

Il giorno delle elezioni presidenziali americane di martedì ha portato alcune vibrazioni positive nei grafici criptati e la moneta principale si è mossa fino a 14.029 dollari, aggiungendo il 3,3% al suo valore. Bitcoin ha chiuso una candela giornaliera sopra i 14.000 dollari per la prima volta dal 14 gennaio 2018.

BTC ha continuato ad aumentare durante la sessione infrasettimanale di mercoledì e ha esteso i suoi guadagni fino a 14.132 dollari, dato che sia il mercato dei prodotti criptati che quello delle vecchie monete sta vedendo un’ondata verde, indipendentemente dall’incertezza sull’esito della corsa presidenziale statunitense.

Giovedì 5 novembre, la coppia BTC/USD ha fatto il suo più grande aumento di un giorno dell’anno e si è spostata fino a 15.600 dollari. Questo è stato un salto di 1.470 dollari che corrisponde ad un aumento del 10% per la moneta.

La sessione del venerdì è stata relativamente tranquilla, dato che BTC è rimasta piatta anche se ha raggiunto i 15.960 dollari durante l’intraday.

Il fine settimana del 7-8 novembre è iniziato con un enorme calo a 14.844 dollari il sabato. Poi la domenica BTC ha compensato alcune delle perdite e ha recuperato a 15.490 dollari.

I volumi di trading 24 ore su 24 sono saliti da lunedì e hanno raggiunto il massimo di 40 miliardi di dollari venerdì 6 novembre, per poi scendere a 29 miliardi di dollari sabato e domenica.

ETH/USD

Il progetto Ethereum ha chiuso il mese di ottobre con un aumento del 7,2%. Domenica 1 novembre ha superato la resistenza mensile e ha chiuso la giornata a 396 dollari.

Lunedì l’etere è sceso a 383 dollari e ha cancellato tutti i guadagni della sessione precedente. Tuttavia, la moneta ha trovato stabilità nella linea di rialzo a medio termine fungendo da supporto dinamico per l’altcoin leader.

Martedì 3 novembre, la coppia ETH/USD è stata estremamente volatile, muovendosi su e giù nella zona di $370-$390. Tuttavia, i tori sono stati in grado di formare una piccola candela verde a 388 dollari e hanno chiuso soprattutto i principali EMA a breve e lungo termine

La sessione di mercoledì è stata nuovamente caratterizzata dalla volatilità. L’ETH è sceso a 374 dollari nelle prime ore di trading per poi saltare fino a 409 dollari prima di chiudere a 403 dollari o al 3,8% in più.

Giovedì 5 novembre, l’altcoin ha formato la sua terza candela verde consecutiva sul grafico giornaliero ed è salito ulteriormente a 416 dollari.

I tori erano di nuovo in movimento venerdì, quando la loro moneta preferita ha continuato a salire, raggiungendo i 456 dollari e crescendo così del 9,6%.

La sessione di trading di sabato non è stata così buona per i compratori e l’ETH ha corretto il suo prezzo scendendo a 435 dollari. Ha trovato supporto alla precedente linea di resistenza mensile/settimanale.

Domenica 8 novembre, la moneta ha cancellato tutte le perdite della sessione precedente e si è spostata a 455 dollari.

In termini di volumi di trading, hanno iniziato a riprendere il ritmo mercoledì e sono letteralmente raddoppiati nel periodo di due giorni fino a venerdì, passando da 8 a 16 miliardi di dollari.

XRP/USD

Il Ripple company token XRP ha chiuso il giorno di trading domenica 1 novembre a 0,239 dollari, ma ha registrato una perdita di 5,5 su base settimanale. La moneta era in discesa da quando ha toccato 0,263 dollari il 22 ottobre.

La coppia XRP/USD ha aperto il nuovo periodo di trading lunedì, scendendo a 0,235 dollari. Ha cancellato l’1,7% e ha perso il supporto orizzontale locale situato vicino a 0,236 dollari.

Martedì 3 novembre, tori e orsi sono stati sorpresi a competere nell’ampio intervallo tra l’EMA a 50 giorni a $0,244 e l’EMA a 100 giorni a $0,227. Tuttavia, il primo ha prevalso e ha aiutato con la formazione di una candela verde a 0,239 dollari alla fine della sessione.

Il „ripple“ ha corretto il suo prezzo a 0,237 dollari durante la sessione di metà settimana di mercoledì, ma è rimasto comunque al di sopra della linea di supporto menzionata.

Giovedì 5 novembre è sceso a 0,227 dollari nelle prime ore di trading, ma poi è salito a 0,245 dollari la sera, il che corrisponde ad un aumento del 2,8% per la giornata.

L’ultimo giorno della settimana lavorativa è arrivato con un’altra solida sessione per l’altcoin. È salito a 0,259 dollari, raggiungendo la linea di resistenza mensile. Il risultato è stato l’ennesimo 5,7 per cento che si è aggiunto al suo valore.

Il primo giorno del fine settimana è arrivato con un calo significativo. Il „ripple“ ha subito un pesante ritiro e ha chiuso la giornata a 0,249 dollari.

Poi la domenica si è ripresa dal supporto di 0,25 dollari ed è salita a 0,253 dollari.

Altcoin della settimana

Il nostro Altcoin della settimana è yearn.finance (YFI). Il noto progetto di finanziamento decentralizzato per l’agricoltura a rendimento (DeFI) ha terminato la sua tendenza al ribasso, durata due mesi, e si è ripreso dal livello di 8.450 dollari di mercoledì 5 novembre. È aumentato del 42 per cento negli ultimi sette giorni e ha raggiunto il picco settimanale di 16.373 dollari sabato 7 novembre.

La tendenza al rialzo generale del mercato cripto ha avuto un grande impatto sul prezzo di YFI ed è salito a #43 nella top 100 di CoinGecko, con una capitalizzazione di mercato totale di circa 447 milioni di dollari.

Al momento della scrittura, il token yearn.finance è scambiato a 14.470 dollari contro USDT su Binance.

4 reasons why the price of Bitcoin is on the verge of a new historical record

The price of Bitcoin seems to be on track to set a new historical record for these 4 main reasons.

4 reasons why the price of Bitcoin is on the verge of setting a new historical record MARKET AALYSIS

On Friday, the price of Bitcoin (BTC) reached $18,815 at Binance for the first time in nearly three years. After the break-up, BTC is on track to reach a new all-time record in the short term for four Crypto Code important reasons.

The factors that are likely to set a new record are growing institutional demand, reduced selling pressure, a spot market driven recovery, and the importance of the US$ 18,500 break in resistance.

BTC/USD four-hour chart. Source: TradingView.com
Bitcoin is experiencing reduced sales pressure
For Bitcoins holders to sell, they must first deposit BTC at exchanges. When BTC exchange reserves fall, this usually indicates that there is low pressure on the seller’s side of the market.

According to Glassnode data, the accumulated balance of Bitcoin on exchanges fell by 18%. Analysts at the on-chain market analyst firm said that BTC’s liquidity continues its downward trajectory.

This trend is significant because it shows that there is almost no appetite to sell Bitcoin at the current price level, despite its rise from US$3,600 to US$18,700 in eight months.

 

Institutional demand is growing

After BlackRock’s fixed-income CIO, Rick Reider, discussed Bitcoin on CNBC, billionaire investor Mike Novogratz said the BTC is now an institutional asset.

During his interview with CNBC, Reider said that Bitcoin is here to stay and has the potential to evolve. He suggested that the millennial generation favours the BTC and that strengthening the reality of digital currencies to become conventional payment options were the main positive factors for the BTC.

Considering institutional trends, Novogratz said that 2021 would probably be as good or better than 2020 for Bitcoin. He said:

„Bitcoin is now an institutional asset. Point. The good thing is that most institutions are not there yet. That is why 2021 will be as good or better than 2020“.
The market is driven by spot sales in the midst of a crisis on the seller’s side
On October 10, a cryptomed derivatives broker known as „Light“ said Bitcoin is showing signs of a liquidity crisis on the seller’s side. He noted at the time:

„Bitcoin is experiencing the onset of a liquidity crisis on the seller’s side. Production is totally inelastic, demand, in turn, is reflective. ”
Bitcoin’s performance over the last two quarters has shown a clear lack of sellers in the market. Particularly after halving, which occurred in May, the drop in selling pressure on BTC is a notable positive factor.

In addition to the decline in sellers, the „Cantering Clark“ cryptomeda derivative trader noted that the spot market is leading the rest of the market. He said:

„The spot market is taking the lead.“
The spot market leading the derivatives market is important because it allows traders to use high leverage. When the futures market leads a bullish trend, it becomes susceptible to large price movements.
Maintaining $18,000 as support is key
On 18 November, Bitcoin fell from US$18,500 to about US$17,200, minutes after reaching its two-year high.

The strong rejection on the day showed that large amounts of sales orders were registered above US$18,500. Today’s second break above $18,500 confirms that there is enough momentum in the market to break through the crucial resistance levels of several years and turn them into support.

Based on the combination of these four factors and the fact that the policies of banks around the world of continuous liquidity injections may increase inflation, the likelihood that the BTC will guarantee a new historical record soon remains high.

Cryptocurrency Scam – They Steal $ 345,000 and Rub Their Hands… Before They Lose It All!

Failed exit scam – Scammers thought they had pulled off yet another bogus investment scam, but Binance put a stop to their project. Almost all of the funds have been blocked, and they will be returned to the victims.

A plan that (fortunately) did not go as planned

This November 4, the famous crypto exchange Binance revealed on its blog that it succeeded in thwarting the exit scam plans of the (fake) crypto project called Wine Swap .

Wine Swap presented itself as one of the many AMMs ( Automated Market Makers ) very fashionable in the current trend of decentralized finance (DeFi).

Launched on October 13 via the Binance Smart Chain (BSC), the Wine Swap project received 19 different types of crypto from 119 separate addresses, totaling a value of $ 345,000 in the span of an hour .

It did not take more to satisfy the scammers, who immediately put an end to this fake AMM to pocket the cryptos on their wallets and leave with the cash register .

Centralized platforms do not only have disadvantages

Binance Security teams were quickly alerted to this attempted exit scam, and they closely followed the crypto transactions from Wine Swap.

The criminals made the mistake of channeling almost all of the funds through Binance Bridge , a service providing access to inter-blockchain liquidity. This is where, at first, the funds could be frozen by the centralized crypto-exchange, when they had already all been converted into stablecoins, BNB, ETH and LINK .

The next day, October 14, Binance Security teams contacted the scammers and, caught in the act , they “quickly cooperated” to return the stolen funds.

Thus, after a recovery process, 99.9% of the amount of the $ 345,000 in stolen cryptos could be recovered .

The Binance OTC (over-the-counter) team then helped convert these funds back into the original cryptos and amounts, with a view to repaying victims . The restitution should be completed within the next few days .