Fed’s Kashkari avfärdar Bitcoin som en leksak och jämför den med mössor

Neel Kashkari har avskedat Bitcoin som en spekulativ „leksak“ efter att ha av misstag utlöst sin bull run.

Avfärdade Bitcoin som en leksak för spekulation

Neel Kashkari, president för Federal Reserve Bank of Minneapolis, avfärdade Bitcoin som en leksak för spekulation vid ett online-seminarium i måndags.

Han jämförde världens största kryptovaluta med en börsvärde på över 629 miljarder dollar med Beanie Babies, vilket gjorde en av de tröttaste jämförelser som vanligtvis erbjuds av kryptokurrency-kritiker:

För några år sedan spekulerade folk på Beanie Babies. Nu spekulerar de på Bitcoin.

Medan han tog upp frågor om GameStop-dramat, avvisade Kashkari också beslutsamt tanken på att ändra sina synpunkter på penningpolitiken på grund av den spännande spekulativa glöd:

Det är för dem att göra, och om de tjänar pengar, bra. Och om de förlorar pengar, det är på dem. Jag tänker inte alls på att ändra mina åsikter om penningpolitiken på grund av spekulanter i dessa enskilda aktier.

Kommentaren som utlöste Bitcoins bull run

Tillbaka i mars blev Kashkari viral efter att ha nämnt att det fanns „en oändlig summa kontanter“ vid Federal Reserve i en intervju i 60 minuter, vilket orsakade inflationsrisk.

Det finns tillräckligt med kontanter i det finansiella systemet, och det finns en oändlig mängd kontanter i Federal Reserve. Vi kommer att göra vad vi behöver för att se till att det finns tillräckligt med kontanter i banksystemet.

Bitcoin, vars totala utbud är strikt begränsat till 21 miljoner, har ökat över 593 procent sedan hans kommentarer.

 

Co to jest walizka użytkowa XRP? Ripple Wykonawczy i założyciel Venture Coinist Tackle Utility of Fourth-Largest Cryptocurrency

David Schwartz, dyrektor generalny ds. technologii w Ripple, oraz Luke Martin, założyciel Venture Coinist, debatują nad użytecznością kryptoaktywu XRP.

W serii tweetów, Martin kwestionuje wykorzystanie XRP jako paliwa do płatności i mówi, że stabilne monety powiązane z tradycyjnymi aktywami mają płynność wymaganą do przenoszenia pieniędzy.

„Zapytałem [Davida Schwartza], do czego służy XRP, ponieważ dla mnie nie miało to sensu, a jego odpowiedź również nie miała dla mnie sensu.

Jeśli chodzi o płatności, stabilne monety są lepsze. Nawet jeśli uważasz, że to jest lepsze dla płatności, nie ma żadnej zachęty do trzymania (nie przechowywania wartości lub generowania dochodów)“.

W odpowiedzi Schwartz mówi, że ma wątpliwości, czy jeden stabilny fundusz inwestycyjny zostanie powszechnie przyjęty w skali globalnej.

Uważa, że aby wymienić jeden stabilcoin na inny, konieczna będzie cyfrowa waluta pomostowa, taka jak XRP.

„Gdyby cały świat osiedlił się na jednym stabilcoinie, zgodziłbym się z tobą“. Ale stablecoiny zawsze będą związane z jurysdykcjami i kontrpartnymi stronami. Więc jest mało prawdopodobne, że pojawi się jeden zwycięzca.

Dziś jedną z ról dolara jest pełnienie roli pośrednika lub pomostu między walutami. Dla tej roli, jej powiązanie z jurysdykcją amerykańską jest zarówno zaletą, jak i wadą. Lepsze USA niż gorsza jurysdykcja, ale czysty cyfrowy atut jest jeszcze lepszy.“

Martin twierdzi, że Bitcoin udowodnił już, że jest idealną warstwą rozliczeń bazowych, pomimo powolnego tempa transakcji w porównaniu z XRP.

„Mamy już idealne studium przypadku dla świata, który opisujesz! Mamy tu tysiące niejasnych symbolicznych aktywów w krypcie. Jaka jest najlepsza waluta pomostowa w kryptońskim świecie? Bitcoin Bank (najbardziej płynna, przetrwała ataki reg lepiej niż jakikolwiek inny most, zdecentralizowana).

Wyobrażam sobie, że niektórzy myślą – yeah, ale to jest zbyt wolne i przepustowość nie jest wystarczająco wysoka…. Transakcje na giełdzie (lub puli płynności) nie muszą się rozliczać na łańcuchu. Liczy się tylko pula płynności/ silnik dopasowujący i użycie aktywów o cechach, które opisujesz“.

Martin podkreśla, że kwestie regulacyjne dotyczące XRP również stawiają aktywa kryptograficzne w niekorzystnej sytuacji w porównaniu z Bitcoinami i stabilnymi monetami.

Jeśli chodzi o Schwartza, mówi, że jego wizja dla XRP zawsze koncentrowała się na tym, co jest możliwe, gdy aktywa osiągną głęboką płynność w skali globalnej.

„Moja osobista wizja XRP, od mniej więcej 2013 roku, to pomysł głębokiej, otwartej, publicznej puli płynności, do której każdy, gdziekolwiek, może się przyczynić i z której może czerpać – globalnego rynku aktywów, które ktoś już posiada dokładnie tam, gdzie ktoś inny ich potrzebuje“.

For Japanese regulator, Ripple’s XRP is not a financial security

Ripple (XRP) may have found a welcome land more open to cryptocurrencies than the United States. A large Japanese regulator has indeed confirmed that it does not consider XRP as a financial security.

Is XRP a financial security?

As a reminder, the Securities and Exchange Commission (SEC) complaint against Ripple relates to the status of XRP. The US regulator considers XRP to be a financial security , more specifically a security, where Bitcoin Superstar considers it to be a digital currency.

According to information from our colleagues at The Block , the Japanese Financial Services Agency (FSA), however, is more on the side of Ripple in this debate, explaining:

“The FSA sees XRP as a cryptocurrency , taking into account the definition of the Payment Services Act.“

This is also the interpretation of the Department of Finance of the United Kingdom, which specified last week:

“Tokens which are used primarily as a medium of exchange – this includes the most well-known crypto-assets, like Bitcoin, Ether and XRP . “

What this means for the future of Ripple

Where this is notable is that it shows that the aggressiveness of the US regulator has not spread elsewhere. This therefore means that Ripple and its asset, XRP, can be exported in search of a more flexible regulatory framework . In any case, this is what Brad Garlinghouse had already suggested in recent months, probably feeling the tide. Japan and the United Kingdom were rightly mentioned at the end of last year.

The company had also opened a regional HQ in Dubai . Ripple’s posture has been clear for some time anyway. Chris Larsen, the co-founder of the project explained a few months ago:

“ I don’t think the SEC’s posture could be any worse for the [blockchain] industry today . They’re just trying to crush [us] and push us aside . „

The upcoming trial promises to be complicated for Ripple. Whether the company will leave the city of San Francisco, where it has been established for a long time, remains to be seen.

On the front page of the Financial Times in article on Bitcoin

A timely tribute to the king of cryptocurrency appears alongside a news story on the coronavirus, perfectly describing the fiat economy in the 12 years after 2009

On January 4, Bitcoin (BTC) received a fitting if fortuitous birthday present when the Financial Times placed an article about the cryptocurrency on its front page on the 12th anniversary of its genesis blockchain.

Released on Monday, the FT’s front page already made the rounds on crypto social media even before publication.

12 years later, no bailout: just Bitcoin

The left column of the front page was dedicated to Bitcoin’s rise, while the related price chart served as the paper’s cover image.

The timing couldn’t have been more perfect, just one day after Bitcoin’s 12th birthday. On January 3, 2009, another mainstream newspaper, England’s The Times, had opened its front page with the now famous headline „Chancellor on the brink of a second bailout for banks,“ which was added to Bitcoin’s first transaction block, also known as the genesis block.

In 2021, Bitcoin shared the front page of the FT with an article about lockdowns to combat the coronavirus pandemic, a picture considered by some to be particularly apt. These measures caused enormous economic damage, causing money to be printed on an unprecedented scale.

Naturally, Bitcoin supporters celebrated the news. „On the first business day of 2021, #Bitcoin takes its rightful place at the top of the Financial Times,“ Michael Saylor, CEO of MicroStrategy, summed up to his Twitter followers, adding a quote from French author Victor Hugo.

„Just published: front page of the Financial Times international edition for Monday, January 4.“

In 2021, crypto sector makes traditional assets eat dust

As reported by Cointelegraph, Bitcoin started 2021 already standing out as a macro investment, categorically outperforming traditional assets in just four days. The same thing happened in 2020 and much of the previous years, with a few other cryptocurrencies and later Tesla stock as the only significant competition.

„Bitcoin and Ether are already the biggest hits of 2021,“ Gemini exchange co-founder Tyler Winklevoss tweeted earlier this week.

January 3 also witnessed a sharp drop in reserves on exchanges, reminiscent of an initiative organized by Bitcoin’s „OG“ Trace Mayer three years ago.

Dubbed „Proof of Keys,“ Mayer’s initiative urges investors to remove their coins from exchanges en masse so they can take control of their finances and respect Bitcoin’s ethos of „being your own bank.“

By Monday, however, the trend had already reversed, with sudden volatility in Bitcoin and the return of funds to exchange order books.

Le prix des bitcoins passe en dessous de 18 000 dollars, le prix de l’Ethereum passera-t-il également en dessous de 500 dollars ?

Le prix des bitcoins connaît la pire liquidation de la semaine en chutant de près de 1000 dollars en une heure. Certaines personnes pensent qu’il s’agit d’une correction saine, tandis que d’autres pensent que le FUD de la bourse du Mt Gox a pu faire baisser le prix.

Le prix des bitcoins pourrait combler l’écart du CME à 16995

Certains analystes pensent que Bitcoin pourrait combler le déficit du CME proche de 17 000 dollars et rebondir.

De plus, les analystes ont prévu deux scénarios pour les prochains mouvements de bitcoin. En cas de panne, l’objectif de prix de la BTC est fixé entre 17 000 et 17,2 000 dollars. Et dans le second scénario, en cas de rupture du prix, l’objectif fixé sera de 20,6 à 20,8 k$.

Ethereum coulera-t-il à flot ?

Avec le lancement de la chaîne de balises ETH 2.0, la plupart des cryptophiles enthousiastes pensent que le prix d’Ethereum atteindra 1 000 dollars. Mais le prix semble avoir perdu son élan et semble également être proche de perdre les 500 dollars.

Le lancement d’ETH 2.0 semble n’avoir eu aucun impact sur le prix de l’ETH, car le prix est resté dans une fourchette très étroite depuis le lancement en connaissant une rupture entre les deux.

Actuellement, le prix est proche des niveaux de soutien élevés et une rupture est donc nécessaire. La formation du double top n’est cependant pas un bon indicateur d’un mouvement haussier, mais la tendance haussière est imminente.

Certains analystes pensent que la correction pourrait faire reculer le prix jusqu’à 480 $. Actuellement, au moment de la composition, le prix de l’ETH s’élève à 543 $ avec une baisse de près de 2 %. Et le prix du Bitcoin est de 17 903 $ avec une baisse de 2,19 pour cent.

La „Bitcoin e l’Etereum sono andati in direzioni completamente separate“. Bullo Esq.

Una delle personalità più note di crypto twitter parla di DeFi, bitcoin e di come il 2020 è stato e non è stato come il 2017.

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Bully Esquire è una personalità di Crypto Twitter, avvocato, fondatore di AlphaMarkets e conduttore del podcast „Bully Esquire“. In questa conversazione, lui e NLW discutono di ciò che c’era di buono e di cattivo nel boom della DeFi del 2020 e non solo.

Mavs owner Mark Cuban: „Bitcoin is a religion, has no practical use“

Dirk Nowitzki’s close friend still does not see Bitcoin as a reliable financial product.

Prominent billionaire entrepreneur Mark Cuban reiterates his view that Bitcoin ( BTC ) is more of a collectible item than a reliable financial product for him.

The owner of the Dallas Mavericks, Dirk Nowitzki’s former team, had claimed in the past that even bananas are a better means of payment than Bitcoin

The „epidemic year“ 2020 is a good year for Bitcoin, in which adoption by institutional investors has been taken to new heights. While large companies such as MicroStrategy and Grayscale have purchased significant amounts of the cryptocurrency, many influential figures from traditional finance have now also got a taste for it . Nonetheless, Bitcoin continues to have many critics.

In an interview with Forbes on December 8th, Mark Cuban said that investors should not view the cryptocurrency as „protection in the event of a disaster“, thereby alluding to the fact that Bitcoin is often interpreted by investors as a means of hedging because it has only a low correlation to the Stock markets exists. At the same time, Cuban rejects the idea that the crypto currency could replace fiat currencies in the future.

„Bitcoin is a store of value like gold, and is more of a religion than that of any real practical use,“ as Cuban notes. He then adds: „Countries will protect their national currencies and their power to collect taxes, so the more people believe that Bitcoin is more than a store of value, the more they run the risk that the government will act against it.“

The Mavericks owner made the corresponding statements when Bitcoin was still below the 19,000 US dollar mark. A short time later, the market-leading crypto currency was able to „refute“ its theses by climbing over 20,000 US dollars for the first time in its history . At the time of going to press, the Bitcoin price is even more than $ 23,000.

The billionaire had repeatedly criticized the cryptocurrency in the past, even attesting that bananas had greater added value than Bitcoin :

“A banana is more useful because it is healthy food for everyone in the world. But as long as people see Bitcoin as the digital version of gold, BTC is an investment vehicle. “

Mark Cuban has an estimated personal net worth of $ 4.2 billion. In August 2019, he stated that he only owned $ 130 in Bitcoin at the time, which he had generated from the sale of tickets and merchandise from his basketball club.

Bitcoin Cash, Cosmos, Análisis de precios de Dash

MassMutual estuvo en las noticias recientemente después de que compró $ 100 millones en Bitcoin , una noticia a la que el multimillonario Mike Novogratz respondió que „podría ser la noticia más importante de BTC de 2020“. En la parte posterior de tal desarrollo, Bitcoin Cash exhibió una divergencia alcista en los gráficos y subió hacia el nivel de resistencia en $ 267.

Más abajo en la escala criptográfica, Cosmos y Dash registraron pérdidas en los últimos días, después de lo cual notaron un rebote en el precio en las horas previas al cierre de esta edición

Sin embargo, cabe señalar que sus resultados durante los últimos dos meses han diferido significativamente, lo que da contexto a sus movimientos de precios.

Bitcoin Cash cayó de $ 288 a $ 256, una caída del 11,3% en cinco días. Esto fue junto con el descenso de Bitcoin de $ 19,200 a $ 17,600. Al igual que Bitcoin, BCH también mostró una divergencia alcista en el gráfico de 4 horas entre el precio y el indicador de impulso (RSI).

El precio formó un mínimo más bajo mientras que el RSI formó un mínimo más alto (naranja) y, posteriormente, BCH subió para probar el nivel de resistencia en $ 267. Sin embargo, también ha estado en una tendencia bajista desde los máximos locales de $ 354 en noviembre, y el RSI mostró un impulso neutral en el momento de escribir este artículo.

La resistencia de la línea de tendencia, junto con el nivel horizontal de resistencia en $ 267, daría mucha información sobre la dirección de BCH en las próximas horas. Un rechazo aquí podría llevar a un período de consolidación en $ 255, mientras que un cambio en el nivel de resistencia podría iniciar otra tendencia alcista a corto plazo.

Cosmos ha estado en una tendencia bajista desde que registró el techo local en $ 6,4 a fines de noviembre

Desde entonces, tanto el precio como el OBV han registrado una serie de máximos más bajos.

En la caída más reciente en el mercado de altcoins, ATOM también registró pérdidas, con una sesión de negociación que cerró en $ 4.5. Sin embargo, las sesiones posteriores vieron una actividad comercial significativa, y el precio también subió para negociarse a $ 4.85, al momento de escribir este artículo.

El indicador Aroon mostró que todavía estaba en juego una tendencia bajista. Por encima del nivel de $ 4.8, $ 5 también actuaría como un nivel de resistencia adecuado.

Black Friday: Binance offers R$ 530 thousand in cryptomoedas for free and up to 50% discount to buy Bitcoin

Exchange promotes week of discounts and sweepstakes for traders who can win more than R$ 530 thousand in Bitcoin for free.

The week of Black Friday can yield free cryptomotes for traders in Brazil who operate in the market through Binance. In total, the exchange intends to deliver more than R$ 530 thousand in Bitcoin (BTC) through drawings.

In addition, the Black Friday Binance promotion for the week intends to offer up to 50% discount for the purchase of Bitcoin on the platform. In this case, the offer is only available to new users.

NovaDAX distributes cryptomoedas in traders competition during Bitcoin Cash hard fork (BCH)

Binance presented one of the biggest promotions for the week Black Friday among the companies that acts on the Brazilian cryptomeda market. With an award of more than R$ 270 thousand, the exchange traders can win cryptomoedas for free through drawings and discounts.

Alterbank distributes Bitcoin for free in Brazil in Blue November promotion

According to the exchange, most of the prize amount will be offered through a draw for traders who already operate on the platform. In other words, from R$ 537 thousand, around R$ 270 thousand will be distributed to former Binance users.

Thus, to participate in the draw it will be necessary to complete some tasks presented in the rules of the promotion, such as trading US$ 1 thousand in cryptomoedas. Besides, the participation in the draw may generate a discount of up to 20% for traders on Bitcoin purchase.

In total, 150 users will be chosen by lottery and will be able to buy up to US$ 1 thousand in Bitcoin with 20% discount at Binance. The same users who are drawn to buy BTC with discount will also split the prize of R$ in cryptomoedas for free.

Exchange offers US$ 100 in Bitcoin during Black Friday (Play/Binance)
Exchange enters Black Friday

The Binance promotion for the Black Friday week in Brazil aims to stimulate the use of the exchange also by new users. Thinking about increasing the number of clients, the platform has allocated part of the cryptomoedas for free for new traders.

While old Binance clients will get „only“ 20% discount to buy Bitcoin, new exchange users may be entitled to purchase cryptomoeda with up to 50% discount.

Brazilian Bitcoin portfolio will distribute R$ 22 thousand in BTC to its users

Therefore, those who never had an account at Binance can be drawn to buy Bitcoin with 50% discount on the platform, valid for purchases of up to US$ 1 thousand. According to the company, to participate in the raffle, users must buy at least US$ 50 in cryptomotes, through pairs with fiduciary currencies, such as BRL/BTC.

In addition to the Binance that offers prizes during Black Friday, soon Ripple (XRP) holders can also win cryptomoedas for free through a Spark Token airdrop.

On the other hand, the NovaDAX exchange is also distributing free cryptomotes. Although it is not a Black Friday promotion, on the platform it is possible to win up to $ 17,000 with drawings, referrals and competition for traders.

Finally, like Binance, CoinGoBack is offering up to $1,000 in Bitcoin for free during Black Friday. In the case of this company, the distribution of Cryptomoeda will happen through a cashback program for users.

Meanwhile, the Binance promotion started this Monday (23) and should last until next November 30th, 2020. Until then, traders can trade Bitcoin in order to gain cryptomoeda for free.

Crypto News Flash: US Senator praises Bitcoin as an asset class, Grayscale manages 500,000 BTC, the BCH hard fork, the $ 7,000,000 Hack & UniSwap on shaky legs

Welcome to our new News Flash Format, in which we will inform you about the latest and latest headlines about Bitcoin & Co in an article .

Do you want to get an overview of the latest happenings as soon as possible, but without missing anything important? Then you are exactly right!

Today it’s about a US senator bringing Bitcoin (BTC) as an asset class to the table, via Greyscall, who now manage 500,000 BTC, the latest Bitcoin Cash hard fork, a DeFi attack that cost Origin Protocol $ 7,000,000 and how UniSwap is struggling with the outflow of liquidity in the 9-digit range.

This summary of news comes from our collaboration with the Bitcoin-Bude.de news channel .

Bitcoin is a good store of value, according to the new US Senator

Elected Senator Cynthia Marie Lummis Wiederspahn for the state of Wyoming is a bitcoiner and proud of it. In a live interview with ABC, Lummis said she hopes to bring bitcoin to the national conversation.

I am a former Wyoming State Treasurer and have invested our state’s ongoing funds. That’s why I was always looking for a good credit balance. Bitcoin fits in that direction.

Grayscale now owns half a million bitcoin

Grayscale now holds $ 8.35 billion worth of Bitcoin, according to a November 16 announcement . That equates to 2.69% of the outstanding supply and market capitalization of Bitcoin (BTC).

However, since Chainalysis estimates that around 3.7 million BTC have been lost, Grayscale could now actually own 3.37% of Bitcoin’s remaining circulating supply.

Institutional investors currently pay a 19% surcharge and a 2% annual fee for buying and holding cryptocurrencies through the security of a regulated fund.

Origin Protocol Loses $ 7,000,000 in Recent DeFi Attack

The Origin Dollar (OUSD) stablecoin project suffered a so-called „re-entry attack“ at 12:47 UTC on Tuesday, resulting in a loss of $ 7 million in funds, including over $ 1 million from Origin and its founders and Employees have been paid.

The attack used a flash loan and errors in the OUSD contracts to initiate what is known as a „rebase,“ according to Etherscan and an updated blog by the team. The attack artificially inflated the supply of OUSD tokens within the protocol before the newly printed tokens on SushiSwap and Uniswap were exchanged for USDT. Origin wrote in an update:

The attacker was able to create a rebase event within the second coinage after funds flowed from the first major coinage into the OUSD, but before the supply of OUSD increased. This created a massive rebase for everyone named in the contract, including the attacker. The attacker then also received his first large OUSD coinage, giving him more OUSD overall than the contract had assets.

The team has disabled deposits and the price of the native token OUSD has fallen 85.5% since the attack and is currently trading at $ 0.145 instead of the proposed $ 1.

Another hard fork for Bitcoin Cash

The Bitcoin Cash network, a result of a hard fork of Bitcoin, has once again split into two new blockchains. At this point, Bitcoin Cash ABC (BCH ABC) has barely received any hash power. This means that everything currently looks like the Bitcoin Cash Node (BCHN) will become the dominant software of the Bitcoin Cash network.