Kongressen klandrer Robinhood, ikke Reddit

Vi lærte ikke mye nytt i dagens høring, men søkelyset var definitivt på den spillede handelsappen, snarere enn handelsmennene på r / WallStreetBets.

Vlad Tenev, administrerende direktør i Robinhood, okkuperte veldig varmt setet i dagens høring for House Financial Services Committee over januar volatilitet i markedet.

Ingen av representantene virket spesielt interessert i å sette skruene til Reddit-sjef Steve Huffman, og mange syntes å gi Keith Gill de samme rekvisittene som vi andre gjorde.

Dette er ikke markedsmanipulatorene du leter etter

Gill, i sannhet, var den mest sympatiske karakteren som var involvert, og introduserte sine bemerkninger ved å si „Noen få ting er jeg ikke: Jeg er ikke en katt og jeg er ikke en akkreditert investor.“ Gill, som virkelig startet denne kjeden av hendelser ved å legge ut om sin investering i GameStop i juni 2019, doblet til og med ned på sin mening om at Bitcoin Up fortsatt er et godt kjøp i dag, til nåværende priser. Dette til tross for at vill GME-handel har tiltrukket kriminell etterforskning .

Den manglende kontrollen mot Gill og Huffman gjør mye for å dempe frykten for at hendelsene rundt eksplosiv handel i GameStop (GME) -aktier i slutten av januar ville sparke sonder til sosiale medieplattformers rolle i potensiell markedsmanipulasjon.

Dette er til og med da House Antitrust Underkomité i dag kunngjorde flere høringer for å undersøke de største aktørene i sosiale medier. Reddit ser ut til å ha flydd under radaren.

Kongressmedlem Warren Davidson, som sitter i komiteen, bemerket dette sjeldne konsensusområdet og sa til Cointelegraph: ”Jeg var håpfull rett ut av porten fordi tidlig i nyhetssyklusen holdt AOC opp for Reddit-brukerne og sa at disse menneskene burde ha en rett til handel. Og så sa Ted Cruz, på den andre enden av det politiske spekteret, ‚vel, vi er enige.‘ “

Tenevs forretningsmodell

Selv om republikanerne i det store og hele var mildere enn demokrater i å takle Robinhoods aktivitet, og spesielt firmaets kontroversielle avstenging av å kjøpe men ikke selge GME og andre aksjer med høy volatilitet, ønsket alle svar fra Tenev.

Karakteren til Robinhoods inntektsmodell, som er basert på salg av ordreflyt , mens den annonserte seg selv som provisjonsfri, falt under massegransk, og det gjorde også avhengigheten av en innsprøyting av kapital på 3 milliarder dollar for å oppfylle sikkerhetskrav.

„Jeg tror en sårbarhet tydeligvis ble avslørt i forretningsmodellen din,“ sa kongressleder Anthony Gonzales mens han spurte Tenev. „Vi kan bare ikke leve i en verden der mine velgere kan få aksjene sine avviklet hvis du ikke kan ringe kapital.“

Mange påkalte Robinhoods påstander om å være opptatt med å demokratisere finans. Tenev presset konsekvent tallet på 35 milliarder dollar som Robinhood-brukernes totale gevinster, noe rep. Jim Himes sa „du og andre som er skolert i finans vet at er meningsløs uten avkastning.“

Men mens dagens høring avslørte mye fiendtlighet overfor Tenev, var det ikke så lærerikt.

Til tross for formannskapet Maxine Waters ‚formaning om at „Dette er ikke noe politisk teater i det hele tatt,“ så det ikke ut til å være noen samordnet følelse av løsninger på den episke handelen som drev GameStops (GME) meteoriske økning i slutten av januar.

Sanntids løsning?

Noen forslag, inkludert fra Tenev selv, så vel som Davidson, var at situasjonen ikke ville ha utviklet seg i det hele tatt hvis USA hadde handlet som avgjort dagen for, snarere enn to dager senere – betegnet T-0 snarere enn T-2. Tenev bemerket „Den eksisterende 2-dagersperioden for å gjøre opp handler utsetter investorer og systemet for risiko.“

Kenneth Griffin, administrerende direktør i Citadel, som han beskrev som „den største market maker i verden,“ bestred sannsynligheten for et sanntidssystem for verdipapirhandel de neste årene og sa: „Problemet er at alt må fungere perfekt . ” Sanntidshandel, sa han, „krever at hver bit av arbeidsflyten er perfekt synkronisert på tvers av partene.“ Davidson var uenig og sa: „Det er klart at teknologien i din virksomhet eksisterer for handelsselskaper som driver høyfrekvenshandel.“

Davidson bemerket den potensielle rollen som blockchain. Den potensielle sikkerhets tokens til å løse problemer med mellommenn og meglere har vært en av den lenge lovede fordelene med blockchain, men det er i endring .

Dagens høring var bare begynnelsen, bekreftet formann Waters. Hun sa at komiteen hadde som mål å holde to til med forskjellige vitner.

Guggenheim CIO sotto accusa per la tempistica del suo mutevole sentimento di BTC

Il CIO di Guggenheim è sotto tiro sui social media per aver espresso opinioni diverse su Bitcoin, apparentemente su entrambi i lati di un grande investimento.

L’apparente passaggio di Guggenheim CIO Scott Minerd da rialzista a ribassista e viceversa su entrambi i lati di un deposito SEC relativo a un investimento di mezzo miliardo di dollari in BTC ha sollevato le sopracciglia sui social media

L’osservazione è stata fatta dopo che circa $ 500 milioni in BTC sono stati spostati da Coinbase in una serie di portafogli privati ​​il ​​31 gennaio, che corrisponde a un importo e una data di validità in un deposito SEC da Guggenheim Funds Trust.

Prima del deposito, Minerd ha fatto notizia il 21 gennaio, quando ha detto che BTC avrebbe visto un „ritracciamento completo verso il livello di 20.000“ e che era improbabile che andasse più in alto prima del 2022 .

In un’intervista con Bloomberg Television il 27 gennaio, ha affermato che la domanda istituzionale di Bitcoin non era abbastanza alta da mantenerla al di sopra dei 30.000 $

Ma dal 31 gennaio, Minerd ha notevolmente ampliato la sua stima del prezzo di fascia alta per Bitcoin, sostenendo che ha il potenziale per raggiungere $ 600.000 in un’intervista con la CNN martedì, in base alla sua scarsità e al valore dell’oro. Questo era in aumento rispetto alla sua stima di dicembre, basata su ricerche e analisi di Guggenheim Partners, che suggerivano che il prezzo equo di Bitcoin a lungo termine fosse di circa $ 400.000 .

Credendo di essere testimoni di un’ampia discrepanza nel sentimento trasmesso pubblicamente che potrebbe essere stato consapevolmente di beneficio per Guggenheim, molti si sono rivolti a Twitter e Reddit per evidenziare le dichiarazioni apparentemente contrarie di Minerd, nonché il loro tempismo e significato.

Grayscale Investment now owns just under 3 percent of all Bitcoin

Institutional investors don’t seem to get fed up and buy more Bitcoin (BTC) on Grayscale than the miners can produce.

The demand for the digital gold far exceeds supply and last Monday alone, Grayscale bought 16,244 BTC

The world’s largest crypto hedge fund Grayscale now holds almost three percent of all Bitcoin in circulation. Furthermore, the investment company has increased its crypto holdings by an average of 10 percent in the last few months .

Grayscale buys $ 607 million worth of Bitcoin

Last Monday, January 18, 2021, the New York venture capital firm Grayscale made the largest BTC purchase in its history to date. This means that the amount of Bitcoin purchased by Grayscale far exceeds the BTC generated daily by mining. Miners currently generate almost 900 Bitcoin a day. So it would take all miners together 18 days to mine the amount of BTC purchased from Grayscale. According to the Twitter user WhalePanda, well-known in the crypto space, Grayscale has even acquired over 60,000 BTC in the last 30 days, for which miners would have to work more than two months.

In addition, Grayscale now manages assets worth 27.1 billion US dollars, of which almost 23 billion US dollars are invested in Bitcoin.

The fact that the investment company is continuing to buy BTC also speaks for continued high demand from institutional investors. This is why Nikolaos Panigirtzoglou, investment strategist at JPMorgan, believes that Bitcoin will soon be heading towards a new all-time high given the current demand. In addition, he thinks it is possible that a BTC rate of 146,000 US dollars can be achieved in the long term .

Consumers slowly find their way back to bitcoin

Bitcoin increased by 40% in November and its value has increased by an impressive 165% since the beginning of 2020. With bitcoin entering a bull market, many traders are expecting a quick correction close to its highest point ever, now only 4% away.

Seventh week

In the bulk market of 2017, bitcoin rallies took an average of seven weeks to experience a correction between 30% and 40%. The current rally is in its seventh week. However, many analysts believe that the current market conditions are different from three years ago and that more institutional purchases could lead to a firmer bottom. You can see how aggressive and quick dips are being bought.

Consumers are lagging behind…

There is another big difference, so in 2017 the increase was not caused by institutional parties but by private investors. This led to a wave of registrations at crypto exchanges and exchange offices such as BTC Direct and BLOX. There was also an explosion in search numbers on Google for bitcoin. However, there are early signs that a wave may be imminent.

…but coming!

Data from BTC Direct and BLOX show that three times more new accounts are created every day in November than in previous months. There is also a small increase in the keyword ‚bitcoin‘ on Google, the index figure is now 21. Only the bull run of 2017/2018 (100) and the summer of 2019 (24) achieve higher indices.

Simon Peters, analyst at investment platform eToro, also sees an increase in crypto trade. The exceptional run of bitcoin continues, with a record high of $20,000 now within reach,“ said Peters. On our platform, the average bitcoin trade per day in November is 81% higher than in 2020. At this rate, I wouldn’t be surprised if bitcoin becomes an important topic at Christmas dinner‘.

Bitcoin is scarce

Another factor that seems to contribute to the rapid rise in bitcoin is that every dip is bought aggressively. One reason for this is an increased awareness that there may be a growing shortage of bitcoin and an imminent supply crisis. This story is based on the simple combination of reduced supply after the May halving and huge purchases by large entities such as Square, PayPal and Grayscale.

After the halving of bitcoin in May, the number of newly mined bitcoins per day dropped from 1800 to 900. Although it is difficult to get accurate data, many reports suggest that Square (The Cash App) and PayPal (US customers only) are buying more than 900 bitcoins per day alone.

Fund manager Grayscale is even more aggressive. The Grayscale Bitcoin Trust now has the custody of over 500,000 bitcoins and buys more every day. The fund is worth over $9 billion and represents 2.69% of the available supply and market capitalisation of bitcoin.

Only increase possible

If these three companies carry on like this and collectively buy more than 900 bitcoins a day, the result will be a simple calculation. New sellers will have to appear to meet the demand, if not, the bitcoin price will go up.

This is also stated in Pantera Capital’s latest report: ‚This is where the part of finite supply and inelasticity comes into play: a higher price. Now that is THE story in bitcoin. If other, larger financial institutions follow their example, the supply scarcity will become even more unbalanced. The only way to balance supply and demand is at a higher price‘.

Crypto trader reportedly committed suicide after pleading for help from influencer

Crypto-influencer claims trader committed suicide after begging him for help for months.

As a result, @CryptoCobain cut their direct messages

In May, @ActualAdviceBTC also mysteriously died in Thailand, and Cobain retired from Twitter for a time.

On December 6, 2020, influencer Jordan Fish, known in the crypto community as KING CO ฿ IE or @CryptoCobain, shut down direct messages on his Twitter account. He did so after a trader who begged him for financial help allegedly committed suicide.

I closed my direct messages and I will not reopen them. Too many messages of “I’ll kill myself this weekend if you don’t give me 0.2 btc”, and one of them ended up being successful. RIP mate. Sorry I couldn’t help you

The popular Ethereum Code review influencer, who has more than 181,000 subscribers, posted a tweet on Sunday saying he will no longer accept direct messages after the suicide of a trader he was in contact with. He said he had received too many suicide threats „unless he pays 0.2 BTC „.

It may be wrong, but I received his messages for 6 months. Unfortunately, I believe it. RIP

Cobain, a promoter whose real name is Jordan Fish and employed at Monzo Bank in the UK, said he could not confirm whether the alleged suicide actually took place. He said, however, that the deceased’s former romantic partner contacted him after the alleged suicide.

This isn’t the first time Cobain has publicly commented on a mysterious death. In May 2020, a young man named Ben, who was using the Twitter handle @ACTUALADVICEBTC, died suddenly in Thailand. Ben was a cult figure, popular on several social media platforms, including Steemit. At the time of his death, Cobain told Decrypt that Ben (probably his friend) had died in his sleep. He also provided a photo where they appeared together.

Le cours de l’action de cette société minière de Bitcoin vient de chuter de 13%.

Le prix du bitcoin a augmenté de 17 % du 1er juillet au 30 septembre, mais les revenus de Canaan sont toujours en baisse.

En bref

Canaan fabrique du matériel minier Bitcoin.
Elle a annoncé une perte pour le troisième trimestre aujourd’hui.
Cependant, elle affirme que la demande pour ses produits a récemment augmenté.

L’année dernière, à la même époque, Canaan, qui fabrique du matériel pour l’exploitation minière de Crypto Trader se réjouissait de la réussite d’une introduction en bourse de 90 millions de dollars aux États-Unis. Elle est devenue la première société de cryptologie à être cotée à la bourse du Nasdaq.

Cette année a été un peu plus difficile pour le fabricant de circuits intégrés, malgré la hausse des prix de Bitcoin. Le prix de son action a chuté à 5 dollars, soit une baisse de plus de 13 % par rapport à la clôture d’hier, après la publication de son rapport sur les résultats du troisième trimestre.

Le prix de Canaan a connu des hauts et des bas cette année.

Jusqu’au mois de mars, les choses se présentaient plutôt bien pour Canaan. C’est alors que l’entreprise chinoise, basée aux îles Caïmans, a été touchée par un procès collectif aux États-Unis. Les actionnaires l’ont accusée de violation des lois sur la sécurité. C’est également à cette époque que la pandémie COVID-19 a balayé le monde.

Entre le 27 mai et le 13 novembre, le cours de l’action de Canaan n’a pas approché les 3 dollars.

Après un mois de novembre fort et avant le rapport trimestriel sur les résultats d’aujourd’hui, les espoirs étaient grands de voir le fabricant de circuits intégrés connaître des jours meilleurs. Cela s’est un peu estompé car la société a annoncé une baisse de 76 % de son chiffre d’affaires d’une année sur l’autre et une perte pour le trimestre.
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Le directeur financier de Canaan, Quanfu Hong, a trouvé le bon côté des choses. Après avoir souligné que la pandémie de COVID-19 avait diminué la capacité de production, il a déclaré : „Toutefois, la demande de machines minières sur le marché a continué à rebondir au cours du troisième trimestre, et nous avons reçu un grand nombre de commandes en prévente dont la livraison est prévue à partir du quatrième trimestre 2020“.

Au cours du troisième trimestre 2020, qui s’est déroulé du 1er juillet au 30 septembre, Bitcoin est passé d’un prix de départ de 9 225 dollars à 10 791 dollars, soit une augmentation de 17 %. Jusqu’à présent, au cours du quatrième trimestre, il a connu une forte hausse, atteignant un record aujourd’hui, le 30 novembre.

  • BTC
  • +37.66% $18943.72
  • 24H7J1M1AAmax
  • Nov 1Nov 5Nov 9Nov 13Nov 17Nov 21Nov 25Nov 2913000150001700019000
  • Prix de la CTB

Canaan espère que ce qui est bon pour Bitcoin est bon pour ses affaires.

Surprise: Bitcoin is less volatile than many stocks

How volatile is Bitcoin really compared to stocks?

Bitcoin has always been considered volatile. An investment management company has now found out that Bitcoin is actually less volatile than many shares of the S&P 500 index.

Hodler of Bitcoin knows that the price of their crypto currency can do a somersault in one day. Clever speculators use the price changes for strong profits. But is Bitcoin really so volatile or is it just a distortion of perspective?

The global investment management company VanEck has got to the bottom of this question and has revealed astonishing results.
Bitcoin and the S&P 500

VanEck compared Bitcoin to the shares included in the Standard & Poor’s 500. The S&P 500 is a stock index that tracks the 500 largest US companies listed on the stock exchange. The distribution within the index is weighted according to market capitalization, so that the index provides a true to scale representation of the companies. Overall, the S&P 500 is one of the most important stock indices in the world.

If one now compares Bitcoin and the shares in the S&P 500 over a 90-day period, it is clear that Bitcoin is less volatile than 112 of the shares included in the index. In fact, if you take the past year as the period, Bitcoin is less volatile than 145 of the shares in the S&P 500. In percentage terms, Bitcoin is generally less volatile than more than 20% of the shares in the stock index.

A surprise for many analysts and investors

Over the years, many people in the international financial community have advised against Bitcoin because of its alleged volatility or have gloated over it. In his blog entry VanEck explained:

Although Bitcoin is a volatile asset, it will surprise many analysts and investors how many other large assets have been even more volatile than Bitcoin.

It went on to say:

Much of the volatility in recent years is due to sensitivity to small overall market size, regulatory hurdles and generally low penetration in mainstream equity and capital markets.

Bitcoin has already won

The current analysis is not the first proof that an investment in Bitcoin can be more lucrative than in conventional stocks. For example, the Reddit user with the pseudonym „u/Joe-M-4“ conducted an experiment on this. At the beginning of 2019 he will invest 1,000 USD in the ten most popular crypto currencies and another 1,000 USD in the S&P 500 share index.

The result is still in flux, but the crypto currencies together have increased by 54 %. The profit with the S&P 500 is significantly behind (35 %).

Ethereum DeFi coin explodes 400% in just two days – what’s behind it?

All eyes may be on Bitcoin right now, but in the decentralized finance (DeFi) space on Ethereum , investors were surprised by the rally of a coin called Saffron Finance (SFI), also known as Spice.

At first glance, it may be unclear why the coin sees a rally: Saffron Finance is run by an anonymous team, and what’s more, the protocol’s contracts are currently unchecked.

But the coin has risen by 400 percent in the last two days alone – and even more if you look at the starting price on Uniswap five days ago.

What is Saffron Finance?

The history of Saffron Finance is unique. Basically, it’s a clone or competitor of BarnBridge, a similar protocol run by doxxed developers and funded by leading space investors like Kain Warwick of Synthetix.

BarnBridge and Saffron Finance are both trying to introduce tranches into the cryptocurrency space.

Tranches are concepts from traditional finance that state that financial products can be split up to separate risk and return to meet the diverse needs of investors. To put it simply, junior tranches carry more risk but bring more return, while senior tranches bring little risk but little return.

A few weeks after BarnBridge unveiled its website, Saffron suddenly showed up and started a group on Discord and Telegram with a few dozen members.

At first it was quiet for a few days. Then it became clear that Saffron actually had a product unlike BarnBridge.

Saffron’s first product is the tranched liquidity provision for Compound in the DAI. Junior tranche providers receive a small interest payment (~ 0.5 percent APY), while senior tranche providers can make around 50 percent APY. Depositors receive SFI.

While the project is run by anonymous developers, it has received a lot of attention on Twitter. Investors from prominent DeFi funds such as Spartan Capital, Mechanism Capital and others have mentioned the Saffron Finance project in a positive light.

Tokenomics from SFI initiate a pump

According to CoinGecko, SFI has risen 400 percent in the past two days, increasing from $ 150-200 to $ 800 now. It went up even further considering it started at around $ 30 to $ 40 five days ago.

Spice now has a fully diluted valuation of $ 80 million.

Primarily, part of the rally is due to an increase in interest rates. As already mentioned, a number of investors have all tweeted about the coin in the past few days, raising the awareness of many for the project.

Second, SFI’s rally has risen sharply due to unique symbolic choices.

To pay into the junior tranches, Saffron Finance has an SFI and DAI pay in at a ratio of 1: 1000. This helps to roll back the protocol in the event of a hack and encourage the use of SFI.

The interesting thing is that users earn a lot more SFI by paying into the junior tranches, even though they need SFI to get in.

Deutsche Bank afferma che gli investitori preferiscono sempre più Bitcoin rispetto all’oro come copertura contro l’inflazione

L’appello di Bitcoin come riserva alternativa di asset di valore si sta rafforzando, secondo gli analisti della banca d’investimento tedesca Deutsche Bank.

„Sembra esserci una crescente domanda di utilizzare bitcoin dove l’oro veniva utilizzato per coprire il rischio del dollaro, l’inflazione e altre cose“, ha detto Jim Reid, amministratore delegato, capo della strategia globale di credito fondamentale, secondo ZeroHedge .

Bitcoin Loophole è stato a lungo considerato dai sostenitori come oro digitale, a causa della sua offerta limitata e prevedibile e del caso d’uso come riserva di valore al di fuori dell’influenza bancaria.

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Mentre il bitcoin ha guadagnato il 144% quest’anno, l’oro è aumentato del 22%. Entrambi gli asset sembrano aver beneficiato delle politiche monetarie e fiscali di aumento dell’inflazione lanciate dalle banche centrali e dai governi di tutto il mondo per contenere le ricadute economiche della pandemia di coronavirus.

La criptovaluta è aumentata di oltre il 25% solo questo mese, nonostante le speranze di una rapida ripresa economica globale sui potenziali vaccini contro il coronavirus e una migliore propensione al rischio nei mercati azionari. L’oro, tuttavia, è stato all’altezza della sua reputazione di bene rifugio, scendendo dell’1% finora questo mese.

La divergenza tra oro e argento da un lato e bitcoin dall’altro, è una delle stranezze di questo mese, secondo Reid. I produttori di farmaci statunitensi Pfizer e Moderna hanno annunciato risultati incoraggianti per i loro vaccini sperimentali contro il coronavirus all’inizio di questo mese, innescando una rotazione di denaro dall’oro e da altri beni rifugio e in attività di rischio.

Reid ha detto a Bloomberg all’inizio di questo mese che i vaccini contro il coronavirus sono equivalenti allo stimolo fiscale globale

Christian Nolting, Global Chief Investment Officer presso Deutsche Bank Wealth Management, ha affermato che l‘ inflazione potrebbe aumentare moderatamente nel 2021 e 2022, promettendo bene per le azioni e l’oro.

Al momento della stampa, il bitcoin viene scambiato vicino a $ 17.550, mentre l’oro sta cambiando di mano a $ 1.860 l’oncia.

Ein einfaches Benutzerhandbuch für Bitcoin-Geldautomaten

Mittlerweile gibt es weltweit mehr als 10.000 Bitcoin-Geldautomaten , auch bekannt als BTMs. Mehr als drei Viertel davon sind in den USA installiert.

Der erste Bitcoin-Geldautomat wurde 2013 installiert. Das sind sieben Jahre zwischen der ersten Installation des Bitcoin-Geldautomaten und der zehntausendsten, verglichen mit den neun Jahren, die Banken in den 1970er Jahren für reguläre Geldautomaten benötigten.

Was sind BTMs?

Die meisten Menschen betrachten Bitcoin als einen Vermögenswert, in den Menschen langfristig investieren oder kurzfristig über Broker und The News Spy auf den Märkten handeln . Es wird aber auch als Währung für den Kauf von Konsumgütern und Dienstleistungen verwendet. Dies hat den Aufstieg von BTMs vorangetrieben, die buchstäblich Geldautomaten für Bitcoin anstelle von staatlich ausgegebener Währung sind.

Bei jedem BTM können Sie Bitcoin mit normalem Bargeld kaufen. Bei einigen BTMs können Sie Bitcoin auch gegen Bargeld verkaufen. Darüber hinaus können Sie bei den meisten BTMs Bargeld eingeben, um es als Bitcoin an das Konto oder die Bitcoin-Brieftasche eines anderen Empfängers zu senden.

So finden Sie BTMs

Oft steht ein BTM neben einem normalen Geldautomaten. Diese treten immer häufiger in Tankstellen und Convenience-Stores im ganzen Land auf.

Um alle BTMs in einem Gebiet zu finden, können Sie eine der vielen Bitcoin-Geldautomatenkarten zum Suchen verwenden.

Nicht alle BTM-Netzwerke sind gleich, einige bieten einen viel besseren Kundenservice als andere. Durchsuchen Sie Netzwerke sorgfältig, um diejenigen zu finden, die Ihnen am besten dienen. Stellen Sie dann sicher, dass die BTMs, die Sie finden, Ihr ausgewähltes Netzwerk oder Ihre ausgewählten Netzwerke unterstützen.