Da fasst man sich doch an den Kopf

One more step into the cryptosphere – After PayPal, it is now Visa that wants to impose itself in the cryptocurrency sector. The $ 451 billion company is preparing to open its network to stablecoins … but also to traditional cryptocurrencies ?

Growing interest in cryptocurrencies …

The global giant VISA already has a foothold in the cryptocurrency sector, thanks to several partnerships with CeFi (centralized finance) platforms . Among them are BlockFi, Fold, and Crypto.com , which issue products bearing the VISA mark.

But this time, its CEO, Alfred Kelly , suggests that cryptomonnaies could work directly on the VISA network in the future. Current crypto cards actually work in 2 stages . When a customer uses one of their cards at a merchant, the cryptocurrency itself does not interact with the network. In reality, the platform sells an equivalent amount of crypto, and VISA processes the payment in fiat.

With the recent announcement of the introduction of the Bitcoin Union on its network, VISA now seems to want to push this innovation to the limit.

“As a specific digital currency becomes a recognized medium of exchange, there is no reason why we cannot add it to our network, which already supports over 160 currencies today. “

… but careful integration

However, Alfred Kelly is not entirely convinced of the merits of a wider use of cryptocurrencies. Indeed, the payments veteran said that if bitcoin is one of the most widely used and well-known cryptos , it is because it functions like ‚digital gold‘ .

Either way, that may soon change . At a company meeting in the first quarter of 2021, the latter said that VISA could make the cryptocurrency market more secure and useful for its millions of customers around the world. The payments manager also said that stablecoins could be used for global trade.

Dogecoin (DOGE) saw one of the fastest bull runs in cryptocurrency market history, rising more than 1,100 percent in just two days when a Reddit group called „SatoshiStreetBets“ called on ordinary traders to buy the meme-based token.

So much doge, so much wow!

The frenzied trading catapulted the market valuation of Dogecoin to around 9.5 billion dollars, making it the seventh largest cryptocurrency in the world by capitalization. Prices have soared so quickly that the „Dogecoin“ keyword started trending on Twitter and topped Google Trends on a weekly timeframe.

Even Binance, a cryptocurrency exchange with a global presence, became the 11th-highest daily search trend on Google Trends after listing the pairs DOGE / EUR and DOGE / TRY.

In mimicking the same hysteria sparked by Reddit group „/ r / WallStreetBets“, users on „/ r / SatoshiStreetBets“ advertised Dogecoin in an attempt to generate explosive profits for GameStop, BlackBerry, Bed Bath & Beyond, AMC and to copy other heavily shorted stocks.

Twitter users have also called on Tesla founder Elon Musk to tweet about Dogecoin to accelerate the surge.

Musk previously tweeted „Gamestonks,“ which helped GameStop shares rally more than 150 percent in one day. He has openly endorsed Dogecoin in many of his previous tweets, though it’s hard to tell if he was being sarcastic given the nature of DOGE as a joke token.

Will the crash follow again?

Dogecoin’s recent rally was reminiscent of a similar bull run last year, where a viral TikTik video drove the price up 35 percent in two days. It later fell more than 60 percent due to profit-taking among traders.

Technically, DOGE / USD is now pointing to a fractal repeat.

Dogecoin’s relative strength indicator, a momentum oscillator that measures the speed and change in an asset’s price movement, warned of severely overbought levels. That meant a deeper downward correction in upcoming sessions, making it riskier for traders to take new long positions near current highs.

Dogecoin is up more than 1,100 percent in just two days. Source: DOGEUSD on TradingView.com
DOGE / USD corrected roughly 20 percent from its intraday high of $ 0.038 prior to the opening of the European trading session. Volumes also fell, raising doubts about the continuation of the rally in upcoming sessions.

Independent market analyst Luke Martin comments on ongoing capital outflows from Dogecoin to neighboring altcoins , beginning with Ripple’s XRP ( How to Buy Ripple ), a controversial cryptocurrency that has been faced with allegations by the Securities and Exchange Commission of illegal securities sales.

„It pains me to say this …. it really does … but it looks like the hot ball of money that DOGE pumped has started moving in XRP. XRP is up 20% in the last 2 hours while the rest of the market is flat. „

Andreas Antonopoulos voorspelt wat de volgende stap is voor Bitcoin, waarschuwt voor wereldwijde economische rampspoed

Bitcoin evangelist en blokketenexpert Andreas Antonopoulos schat dat een economische crisis in 2021 misschien niet in het belang van BTC is.

In een recent podcastinterview met Anita Posch analyseert Antonopoulos de mogelijke economische gevolgen van de Covid-19-pandemie en wat die financiële turbulentie kan doen voor de prijs van Bitcoin.

De pleitbezorger van Bitcoin voorspelt dat de Covid-19 pandemie Bitcoin Code waarschijnlijk pas in maart haar hoogtepunt zal bereiken en waarschuwt dat de manier waarop de crisis door overheidsactoren, met name die in de VS, wordt aangepakt, grote gevolgen zal hebben.

„Ik denk eerlijk gezegd dat voordat het beter wordt, het eigenlijk nog erger zal worden. Vooral in de VS denk ik dat het de komende vier maanden nog veel erger zal worden, omdat de echte golf van de ziekte nog niet zijn hoogtepunt heeft bereikt, en het zal waarschijnlijk pas in maart zijn hoogtepunt bereiken…

De economie, vooral in de VS, maar ik denk ook in Europa, de echte impact, de economische impact is niet vermeden

Het is uitgesteld. Het wordt teruggeschroefd en het werd effectief teruggeschroefd met bijna een jaar, maar het kan niet verder worden teruggeschroefd. Elke keer dat het wordt teruggedrukt, is de prijs die we betalen groter en is het effect op de economie kleiner, dus dit is geen duurzame aanpak. Ik denk dat we een aantal zeer, zeer moeilijke tijden voor de boeg hebben.“

De bestseller-auteur zegt dat een klinkende economische ramp niet de manier zal zijn waarop Bitcoin zijn potentieel bereikt. In plaats daarvan zou Antonopoulos liever een stabilisatie van Amerika, Europa en hun valuta zien.

„Ik denk dat de omgeving van de valutacrisis niveaus gaat bereiken die in 100 jaar niet meer zijn gezien. En alles wat we dachten dat stabiel was en voor altijd, blijkt niet voor altijd en niet zo stabiel te zijn.

Nu, dat is niet goed voor Bitcoin. Het is zeker niet goed voor de prijs van Bitcoin. Op de korte termijn is het eigenlijk slecht… We kunnen geen succes opbouwen in een wereldwijde munt als Bitcoin, gebaseerd op zes miljardairs. Dit is niet het plan, zoals ik de mensen blijf vertellen…

Crisis is niet de manier waarop we succes boeken in Bitcoin. Ik denk dat veel mensen in onze industrie de neiging hebben om optimistisch te zijn over een ramp, wat ik ongelooflijk cynisch vind en ook de menselijke impact die deze rampen hebben niet herkent. Eerlijk gezegd zou ik liever zien dat de euro en de dollar niet gedestabiliseerd worden, en ik zou graag zien dat de Amerikaanse en Europese economie een beetje stabiliseert, zodat mensen daadwerkelijk meer kansen in hun leven krijgen, zelfs als dat niet zoveel kansen voor Bitcoin betekent“.

Secondo gli strateghi di JPMorgan Chase & Co, le probabilità di una correzione Bitcoin aumenterebbero se i flussi nel più grande fondo di criptovalute scambiato al mondo rallentassero in modo significativo.

Secondo il rapporto Bloomberg, gli strateghi di JPMorgan Chase ritengono che le probabilità di una correzione dei Bitcoin aumenterebbero se i flussi nel più grande fondo di criptocurrency scambiato al mondo rallentassero significativamente. Gli asset gestiti dal Grayscale Bitcoin Trust sono saliti a 13,1 miliardi di dollari da 2 miliardi di dollari all’inizio di dicembre 2019, in un contesto di triplicazione del prezzo del bitcoin fino a quest’anno. Gli afflussi nel fondo si aggirano intorno al miliardo di dollari al mese, ha scritto in una nota venerdì gli strateghi di JPMorgan guidati da Nikolaos Panigirtzoglou.

Un rallentamento dei flussi aumenterebbe il rischio di una correzione del Bitcoin.

Gli strateghi hanno detto che mentre è difficile evitare di descrivere i Bitcoin come „ipercomprato“, i flussi nella fiducia „sono troppo grandi per permettere a qualsiasi posizione di srotolare lo slancio dei trader per creare dinamiche di prezzo negative sostenute“. Un forte rallentamento di questi flussi aumenterebbe il rischio di una correzione del Bitcoin simile a quella della seconda metà del 2019, hanno detto. Il prezzo del bitcoin ha raggiunto il massimo storico di 24.291,38 dollari la domenica.

Il Bitcoin continua a salire a nuovi massimi.

Al momento di scrivere, BTC sta cambiando di mano a poco meno di 24.000 dollari. I sostenitori della criptocurrency sostengono che sta guadagnando terreno tra gli investitori a lungo termine come copertura contro la debolezza del dollaro e i rischi come l’aumento dell’inflazione. Altri sostengono che un insostenibile fervore speculativo, esacerbato dai fondi di quant trend, sia alla base di gran parte del rally di Bitcoin e di altri asset digitali. L’anno scorso la principale moneta criptata è scivolata dal picco di fine giugno a 7.158 dollari alla fine di quell’anno, anche se è quasi raddoppiata per il 2019. Ci sono segnali di un crescente interesse da parte delle aziende e delle istituzioni per la crittovaluta, nonostante la sua famosa volatilità.

Microstrategy CEO, Micheal Saylor, har sagt, at Bitcoin giver virksomheden en mulighed som en værdibutik. Ifølge ham kan frygten for at miste alt på grund af inflationstruslerne negeres ved at investere i Bitcoin, som kan fungere som et sikkert paradis.

Af ovenstående årsag sagde administrerende direktør „Bitcoin er vores bedste håb“ i en af ​​hans seneste tweets

Saylor tilføjede, at Microstrategy handlede på aktier ligesom alle andre virksomheder. Men forskellen her er, at det de handler på, er Bitcoin, som er i deres skatkammerreserver.

Efter at have tilføjet den nuværende indsats på $ 650 millioner på Bitcoin til Microstrategys beholdninger er den faste ejerandel i BTC vokset til over $ 1 mia.

Virksomheden havde først købt BTC til en værdi af $ 250 millioner i august, derefter købte den en anden til en værdi af $ 175 millioner, før den for nylig købte en ny runde af kryptoaktivet for $ 50 millioner.

Microstrategy for nylig $ 650 millioner Bitcoin-indsats

MicroStrategy har afsluttet salget af $ 650 millioner konvertible sedler, der har en rente på 0,750%. De midler, der genereres gennem dette salg, forventes at gå til køb af mere Bitcoin til firmaet.

Virksomheden i et blogindlæg fortsatte med at sige, at det har til hensigt at investere de genererede indtægter i Bitcoin. Virksomheden ville dog først fjerne sit kapitalbehov og andre midler, der måtte være nødvendige for dets virksomhedsdrift.

Det oprindelige tilbud var $ 400 millioner, men det blev senere forhøjet til $ 550 millioner. Citi-analytikere havde givet et baisse opkald til virksomheden for sit Bitcoin-netto, men det har ikke afskrækket dem, da der stadig er yderligere 100 millioner dollars, der er klar til at tage fat.

En hedgefond, der har gjort sit navn for sin evne til at generere enorme afkast, har Renaissance Technology købt aktier i Microstrategy siden begyndelsen af ​​året.

The Paxos platform just closed its Series C investment cycle by raising $ 142 million. Partner of the giant PayPal for its cryptocurrency purchasing service, Paxos has received the support of several investment funds.

Paxos enters the big league

U.S. startup Paxos just completed its Series C investment round and has raised $ 142 million , bringing its total funding to more than $ 240 million . Provider of PayPal’s infrastructure dedicated to the purchase, sale and custody of cryptocurrencies, Paxos is one of the preferred platforms for institutions.

Paxos has received the backing of numerous investors, including Declaration Partners, Mithril Capital, PayPal Ventures, RIT Capital Partners, Ken Moelis, Alua Capital, Senator Investment Group and many more.

Their support will help accelerate Paxos‘ international growth, particularly with regard to the issuance of stablecoins and cryptocurrency trading .

The startup intends to maintain its leadership position as a provider of cryptocurrency solutions for the largest companies and financial institutions like PayPal , Revolut , Credit Suisse and even Société Générale .

“Our business has grown tremendously from millions of customers a year ago to billions today through partnerships. And this big change in our structure is part of the reason why we need to raise this capital, to really take advantage of the growth opportunities that we see right now, ”said Charles Cascarilla, co-founder and CEO of Paxos.

Data from The Block Research shows that this Paxos fundraiser is the 10th largest fundraiser among companies in the cryptocurrency industry:

The next industry juggernaut?

Since its collaboration with PayPal , Paxos has gained popularity with institutional investors and its services are highly regarded. There is no doubt that Paxos has probably played a role in the dizzying rise of the cryptocurrency queen in recent weeks. In addition, this new investment comes the day after Bitcoin first crossed the $ 20,000 mark .

In 2021, Paxos will focus on aligning its activities with US laws, in order to offer more services to its users and conquer the North American continent . Last week, Paxos also initiated procedures to be authorized to create a crypto-bank in the United States .

If approved, Paxos would become the first digital asset custodian to be regulated at both state and federal levels. This should open up many doors for it and allow it to operate throughout the United States. To help it in this mission, the company even plans to recruit more than 100 people by 2022 .

Undeniably, Paxos is a player to watch very closely. The startup is growing fast, providing services to multiple ecosystem platforms such as giant Binance , which uses Paxos to issue its stablecoin, BUSD .

Bitcoin pourrait atteindre les 100 000 dollars l’année prochaine après le „repli sain“ d’hier, la psychologie du marché étant actuellement au stade de la „croyance“, selon Stack Funds.

Le fournisseur de fonds d’indices cryptographiques Stack Funds

Le fournisseur de fonds d’indices cryptographiques Stack Funds a qualifié le recul d’hier de „correction saine“ nécessaire avant que Bitcoin ne poursuive sa trajectoire ascendante.

Bitcoin (BTC) a franchi la barre des 19 000 dollars en début de semaine après avoir enregistré sept semaines de gains consécutifs. Selon la firme, le crypto a été suracheté depuis octobre, ce qui confirme la nécessité d’une correction.

La firme a examiné les mesures relatives à la psychologie du marché, et affirme que les acteurs du marché sont actuellement dans la phase de „croyance“ du cycle, qui finira par entrer dans une phase d'“euphorie“.

Pour étayer ses affirmations, le fonds cite les données de Glassnode sur les bénéfices/pertes nets non réalisés de Bitcoin, souvent appelés NUPL, qui comparent le prix actuel de la BTC avec la date du dernier mouvement de chaque pièce dans la chaîne.

Historiquement, lorsque le nombre de personnes en profit a dépassé 95 %, explique le fonds, cela a été un bon indicateur des sommets du marché. Les paramètres sont représentés par des couleurs en percentiles avec différents états du marché (Euphorie – >75 %, Croyance – 50 à 75 %, Optimisme – 25 à 50 %, Espoir – 0 à 25 %, Capitulation –

L’état de „croyance“, dont Bitcoin vient de passer ce mois-ci, a tenu plus d’un an pendant le marché haussier de 2017, faisant passer le prix du BTC de 850 $ à près de 20 000 $ – soit une augmentation de 2 250 %.

En extrapolant le modèle du marché haussier de 2017 à l’état actuel de la BTC, le fonds a suggéré que même un quart de cette augmentation de prix verrait Bitcoin atteindre plus de 86 000 dollars l’année prochaine, au moment où nous entrons dans la phase d’euphorie du cycle.

D’autres analystes pensent également qu’il

D’autres analystes pensent également qu’il ne s’agit là que d’un coup d’éclat, le fondateur de Quantum Economics, Mati Greenspan, estimant que la correction a peut-être déjà atteint son point le plus bas, ajoutant

„Un recul de 17% est plutôt timide pour cette phase du cycle.“

Lark Davis, personnalité de la cryptographie, a fait remarquer ce matin qu’il n’a pas fallu longtemps pour que les niveaux de soutien arrêtent la correction à 16 500 dollars, en demandant : „Est-ce que c’était la baisse ? Ou allons-nous baisser ?“

Mayne of Tether“, le trader de Crypto, a dit à ses plus de 70.000 followers Twitter que le retrait va créer d’excellentes opportunités de rachat des altcoins. Un autre compte trader appelé „teklordz“ a tweeté que le retracement est essentiel:

Pompe de 35 jours. Maintenant, refroidissement. Ce recul est grandement nécessaire. Le RSI journalier recule en territoire de niveau moyen.
J’ai le sentiment que la prochaine pompe sera encore plus forte.

Les données de la plate-forme d’analyse Santiment ont indiqué que la prise de bénéfices parmi les détenteurs de bitcoins pourrait se généraliser, les détenteurs de bitcoins à court et à long terme réalisant des bénéfices de 15 et 63 % respectivement.

The anonymous payment network Zcash (ZEC) has just experienced two major changes. He did his first halving, as well as an update that should ease some tensions … We take stock of the subject.

Halving for Zcash (ZEC)

Like Bitcoin (BTC) , Zcash uses a periodic mechanism to control its inflation: halving. This halves the mining rewards generated. Until yesterday, 6.25 ZEC were generated with each block. Since the halving, miners will only produce 3,125 ZEC per block, or about $ 200 at the current price.

No particular problem was noted during this change. The hashrate does not seem to have been strongly affected by this halving so far, if we are to believe the data from bitinfocharts . However, it will be necessary to wait the next few weeks to see if this halving will have an effect on the number of minors participating in the Bitcoin Superstar network.

A major update for the altcoin

Zcash’s halving, however, was almost overshadowed by another big piece of news: the Canopy update . It follows months of debates within the Zcash community. Originally, the network was funded by a “Founders Reward” , which allowed 15% of mining rewards to be redirected to Zcash founders and investors. This temporary measure normally ended this month, in November 2020.

But Zooko Wilcox, the head of the Electric Coin Company, had suggested extending this solution, to continue funding the network . This had sparked a significant outcry, and many debates had animated the Zcash community, which eventually came to an agreement. A development fund has been created to establish a new funding model.

From now on, 80% of the rewards will go to minors, as was already the case. But 8% of the prize will be for the x ‚Major Grants “ , which correspond to a development fund. 7% will then be distributed to the Electric Coin Company, and 5% to the Zcash foundation.

The Electric Coin Company welcomed this breakthrough, which it considers crucial:

“Activating Canopy represents a new era for Zcash , with many new participants in the ecosystem. We will continue to carry out our mission: to give everyone their economic freedom. “

The course of the ZEC is also climbing

It must be said that Zcash and other anonymous currency projects like Monero (XMR) have been under fire from regulators for many months. Yesterday, we learned that South Korea had quite simply decided to ban the trading of anonymous altcoins . However, the price of Zcash has been rising in recent weeks, as has that of Bitcoin.

Over a week, it takes + 13% , reaching more than $ 67 overnight. Just like BTC, however, its price underwent a strong correction in the hours that followed: it hit $ 60 early this morning:

However, its progression over the last twelve months is positive: it thus takes + 77% over the year . Its market cap exceeds $ 646 million, which places it at rank 38 in the ranking of cryptocurrencies by capitalization.

O preço do bitcoin mostrou independência em relação ao S&P 500.

A BTC está barrando para 12 mil dólares, enquanto as ações tomaram uma posição de destaque nas conversações de estímulo fracassadas.

Os investidores de bitcoin têm esperado por uma desvinculação das ações.

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O Trust Project é um consórcio internacional de organizações de notícias construindo padrões de transparência.
Bitcoin BTC S&P 500

O preço do bitcoin começou a semana com um estrondo depois de ganhar cerca de 2% e se aproximar do limiar psicologicamente importante de 12.000 dólares. Os Estados Unidos não está mais enfiando sua cabeça na areia sobre uma moeda digital do banco central, e tem sido um vento de cauda para os mercados criptográficos mais amplos.

Os investidores criptográficos deram um suspiro de alívio depois que o preço do bitcoin finalmente tomou o caminho menos percorrido pelas ações, o último das quais se tornou negativo em meio a conversas fracassadas de estímulo do coronavírus. A divergência demonstrou a independência do bitcoin em relação ao S&P 500, com o qual tem mostrado sinais de correlação durante toda a pandemia.

Ivan on Tech, que ostenta mais de 83.000 seguidores no Twitter, apontou a separação entre as duas classes de ativos no Twitter. O bitcoin bull também sugeriu que o BTC $20.000 está à vista em 2020, mas primeiro tem que superar a resistência no nível de $12K.

Bitcoin vs. Ações

O bitcoin pode ser volátil, mas as ações podem ser finas e depois de começar o dia de negociação no verde, as coisas viraram para o sul quando as perspectivas de um pacote de estímulo ao coronavírus pioraram mais uma vez. Mas desta vez o bitcoin tomou o caminho menos percorrido, provando que ainda tem uma mente própria.

No início deste mês, o veterano do fundo de hedge Keith McCullough, que está ao leme da Hedgeye Risk Management, abandonou o bitcoin, dizendo na ocasião,

„Evidentemente, o bitcoin precisava de estímulo“.

O movimento atraiu ire entre os investidores de moedas criptográficas, mas McCullough estava apenas seguindo sua estratégia de risco. Enquanto isso, ele apontou no início de outubro que „o bitcoin não gosta de sua atual correlação inversa com o dólar“.  Não demorou muito para que o bitcoin saísse desse ciclo, e McCullough deve ter dado atenção porque nos últimos dias ele disse que está „mordiscando“ em algum BTC mais uma vez. E no dia 19 de outubro, o chefe Hedgeye fez um círculo completo, dizendo que vê „o prazo imediato em alta“ no preço do bitcoin. Os investidores de moedas criptográficas poderiam ter dito isso a ele.

Moeda Digital do Banco Central

O vento sob as asas do bitcoin parece ser alguns comentários originários da conferência virtual do Fundo Monetário Internacional na qual o presidente do Fed, Jerome Powell, participou. Powell está longe de ser um bitcoin bull, mas ele reconheceu que o banco central está explorando os prós e os contras de uma moeda digital. O analista da Bloomberg Intelligence, Mike McGlone, escreveu em uma nota,

„Vemos o bitcoin emergindo como um oásis relativo de calma e desempenho superior. Deve haver pouca dúvida de que a tecnologia e a digitalização continuarão avançando, mas a oferta de bitcoin continuará encolhendo, suportando seu preço“.

A dissociação do bitcoin do S&P 500 já vem de muito tempo. Mas o bitcoin ainda não está fora de cogitação até que finalmente consiga atravessar $12.000.