Archiv für den Monat: Januar 2021

Bitcoins volatilitet hjalp Ethereum med å nå en ny all-time high: rapport

Prisen på Ethereums eter har nådd en ny heltidshøyde over $ 1430, delvis takket være den nylige volatiliteten som ble sett i bitcoins pris, som flyttet fra $ 11.000 til en ny høyde nær $ 42.000, før den stupte til $ 30.500 og gjenopprettet til $ 37.000.

Flaggskipets kryptokurros voksende volatilitet, som ifølge CryptoCompares Bitcoin Volatility Index (BVIN) er opp 51% hittil antas å ha drevet investorer til alternative kryptovalutaer, som hjalp den største altcoin, eter, til å slå en ny høyde.

Ifølge Bloomberg har kryptovalutaentusiaster blitt oppmuntret av den komparative roen som ble sett i BTCs pris nylig, som de siste dagene har handlet rundt 36 000 dollar for å jage fart.

Vijay Ayyar, leder for forretningsutvikling ved kryptobørs Luno, ble sitert på å si:

Bitcoin har vært i en rekkevidde de siste ukene, noe som gir tid for kapital til å rotere [til andre kryptoassets].

Bitcoins bruk som sikring mot risiko som inflasjon, den økende adopsjonen av selskaper og økende interesse for markedet har hjulpet kryptokurrencyens prisstigning. Analytikere ved JPMorgan har sagt at $ 40 000-markeringen er nøkkelen for BTC, og rapporterer risikoen for ytterligere fall, med mindre kryptoen snart overgår dette merket.

Som rapportert, mener analytikere at BTCs neste trekk kan gjøre eller bryte sin bull run , basert på Fibonacci retracement nivåer, som er horisontale linjer som indikerer hvor støtte og motstand sannsynligvis vil forekomme.

Når det gjelder ETH, kommer den nye all-time high når kryptovalutas skaleringsløsning, Ethereum 2.0, gjør fremgang

Det desentraliserte finansområdet (DeFi) har også sett at den totale verdien låst overgår 25 milliarder dollar, med protokoller som Maker, Aave, Compound, Uniswap, Curve Finance og SushiSwap som har godt over $ 2 milliarder låst i seg.

På toppen av det har eter som er låst i Ethereum 2.0-stakingskontrakten, effektivt blitt fjernet fra sirkulasjon til nettverkets oppgradering av bevis på innsatsen lanseres. Over 3 milliarder dollar verdt av kryptovalutaen er nå låst i den og tjener eiernes interesse.

Alex Krüger, en populær økonom og handelsmann, har avslørt at de neste nivåene å se etter Ethereum . Disse inkluderer $ 1.500, $ 1.600, $ 1.920 og $ 2.000 markene. Nivåene, sa han, er Fibonacci-utvidelse, opsjonskurs og runde tall.

The city of Lebrija in Spain launches its cryptomonnaie to stimulate the local economy

The city of Lebrija in Spain has launched its cryptomonnaie to stimulate local small and medium enterprises affected by the coronavirus pandemic. A similar initiative was also noticed in a Swiss city in November.

A local cryptomonnaie

Lebrija, a small town in the Spanish province of Seville, has introduced a cryptographic system called Elio to support local transactions between residents and merchants. Elio is a stable corner backed by the euro in a 1:1 ratio.

According to Europa Press, the Elio cryptomoney Bitcoin Lifestyle scam will enable the Lebrija City Council to send economic aid to 593 people. Beneficiaries will receive aid between 50 and 200 euros. In addition, the city council has announced that it will also send economic aid of 400 euros to 393 local companies through its cryptomonnaie as part of the municipal recovery plan.

Commenting on the recent launch, Pepe Barroso, mayor of Lebrija, said :

«The creation of this virtual currency will ensure that the aid received is spent directly on local businesses.»

The city council has even specially designed an application to receive and spend the stablecoin Elio. Currently, beneficiaries can spend the cryptomoney until March 31 in 165 stores in the city.

WetziKoins in Switzerland

In November, a city in Switzerland launched a similar initiative based on the Tezos blockchain to support local small and medium-sized enterprises affected by the coronavirus pandemic.

The first installment of the aid, worth 230,000 euros (250,000 Swiss francs), was distributed to approximately 25,000 residents of Wetzikon in the form of an e-Coupon worth 10 Swiss francs.

Residents were able to access the aid payment via an application called „ecoo“ and convert their coupons into „WetziKoins“. Merchants could then convert the WetziKoins back into Swiss francs using the application.

Ruedi Rüfenacht, mayor of Wetzikon, said about the program :

«With ecoo, we have found a viable solution to motivate the residents of Wetzikon to store in local stores instead of just buying online. »

Death spiral for privacy coins? Crypto exchange Bittrex removes Monero, Zcash and Dash

Crypto exchange Bittrex announced on December 29th that it would remove the US markets for three of the largest privacy coins by market capitalization – and that already on January 15th, 2021. Then Monero, Zcash and Dash will no longer be tradable on the portal .

Bittrex writes that users have 30 days to withdraw their coins:

„After the markets are removed, Bitcoin Lifestyle app generally tries to give users up to 30 days to withdraw any delisted tokens, but in certain cases the withdrawal period can be shortened. Users should withdraw all tokens before the published withdrawal period. “

A reason for the delisting was not given. Larry Cermak, director of research at The Block, speculates that the delisting may be in response to anti-money laundering (AML) regulations.

According to Bloomberg, all virtual asset service providers (VASPs) must collect information about their customers and the recipients of funds and send this data to the recipient’s service provider with each transaction. With coins that are geared towards privacy, this requirement can be difficult or even impracticable.

Because the FATF (Financial Action Task Force) recognizes cryptocurrency exchanges as VASPs, they are essentially adhered to the same standards that banks and other financial service providers have. The new standards, released on Friday June 21st, are the officialization of the FATF proposal made in early February.

The controversial rule has not been well received by the crypto industry as, as mentioned, many crypto exchanges and wallet providers are unable to collect and send the data required by the FATF.

In order not to be targeted by the authorities, the exchanges could remove the respective coins from trading as a precaution

In response to the announcement on Friday night’s Bittrex Twitter account, Monero, Zcash, and Dash prices all fell in the 7-15 percent range.

It remains to be seen how this situation will develop. Will there be a death spiral for privacy coins because exchanges expect the legislature to crack down?