Goud ‚afbreken‘ tegen Bitcoin is zeer bullish voor BTC – Analist

Volgens Raoul Pal, CEO van Real Vision Group, wordt het goud „afgebroken“ ten opzichte van Bitcoin, een signaal dat het bullish geval voor BTC blijft versterken.

Eerder deze week zei Bitcoin (BTC) advocate en Real Vision CEO Raoul Pal dat het goud tegen BTC aan het afbreken is. Als de dominante cryptocurrency blijft groeien ten opzichte van BTC, kan het zijn perceptie van waardevermeerdering versterken.

In de afgelopen maand steeg de prijs van Bitcoin met 30,36% ten opzichte van de Amerikaanse dollar, van 10.136 tot 13.217 dollar. In dezelfde periode is de prijs van goud ongeveer 2,25% gestegen, van $1.863 naar $1.903.

Het goud daalt ten opzichte van Bitcoin. Bron: Raoul Pal, Bloomberg

Waarom doet Bitcoin het beter dan goud en voorraden?
In de afgelopen twee weken, terwijl de prijs van Bitcoin sterk steeg, herstelden zowel het goud als de Amerikaanse aandelenmarkt zich gestaag.

De samenloop van drie belangrijke factoren heeft waarschijnlijk bijgedragen aan de opleving van Bitcoin sinds begin oktober.

Ten eerste heeft de crypto-integratie van PayPal het marktsentiment gestimuleerd. Ten tweede is de institutionele vraag naar BTC voortdurend toegenomen na de investering van Square, MicroStrategy en Stone Ridge. Ten derde hebben Bitcoin’s gunstige high time frame loggrafieken een belangrijk optimisme aangewakkerd.

Vooral na het uitbreken van meer dan $12.000 steeg het volume van de Bitcoin over de spot, de institutionele en de derivatenmarkt. Als gevolg daarvan begon het digitale activum beter te presteren dan de meeste risk-on en risk-off activa. Pal zei:

„Goud valt uit elkaar tegenover bitcoin, zoals verwacht cc. @michael_saylor Iedereen let op. Het volgende wat ik verwacht is de correlatie tussen BTC en de dollar en BTC vs aandelen om ook af te breken … laten we eens kijken. #Bitcoin.“
Zoals Cointelegraph rapporteerde, toen Bitcoin het $12.000 weerstandsniveau overschreed, betekende dat een schone doorbraak op de weekly chart. Traders zijn begonnen met het lokaliseren van de wekelijkse en maandelijkse loggrafieken om een nieuwe all-time high te voorspellen.

Het sterke technische momentum van Bitcoin en de ontkoppeling met goud en aandelen bevorderen mogelijk ook de intensiteit van de huidige rally van BTC.

Op korte termijn zeggen cryptocentrische technische analisten dat Bitcoin te maken heeft met een identiteitscrisis, maar gelukkig op een goede manier.

Cantering Clark, een Bitcoin- en derivatenhandelaar, zegt dat goud onder druk staat als de dollar stijgt. De analist zei dat voor BTC, vanwege de onzekerheid over de vraag of het een risk-on of een risk-off asset is, het een lagere correlatie met de dollar zou kunnen zien. Hij schreef:

„Goud’s tegenstander is de dollar, als de $DXY naar het noorden gaat, staat het goud onmiddellijk onder druk. $BTC heeft het voordeel dat het nog steeds de identiteitscrisis heeft, waar sommigen het zien als een SOV, en sommigen zien het als een hogere bèta op aandelen.“
Het vertrouwen van de beleggers is de kers op de taart…
Nu het momentum van Bitcoin blijft toenemen ten opzichte van goud en aandelen, spreken prominente miljardairbeleggers hun steun uit voor BTC.

Paul Tudor Jones, de miljardairbelegger op Wall Street die in mei Bitcoin kocht, bevestigde zijn positieve houding ten opzichte van Bitcoin.

Hasu, een onderzoeker die schrijft voor de top van de cryptocurrency options exchange Deribit, citeerde Tudor Jones:

„Ik heb nog nooit een winkel van waarde gezien waar je ook zo’n groot intellectueel kapitaal achter hebt. […] Als je de obligatiemarkt als een inflatiehedge tekort doet, zet je echt in op de misvatting van de mensheid in plaats van op de vindingrijkheid ervan.“

Bitcoin-prisstigning til $ 500.000 er uundgåelig, siger Winklevoss-tvillinger

De sagde, at reel indførelse af aktivklassen „ikke engang er startet.“

Gemini-kryptobørsstiftere Tyler og Cameron Winklevoss sagde, at Bitcoin ( BTC ) til sidst vil ramme $ 500.000 pr. Mønt under et nylig interview med podcast-vært Peter McCormack

”Spørgsmålet i vores sind er ikke så meget, at det når $ 500.000, men hvor hurtigt,” fortalte Tyler McCormack under podcast- episoden den 23. oktober . Hans afhandling tager markedsdækningen af ​​guld og den teoretiske allokering af centralbanken i betragtning. „Jeg ville hævde, at $ 500.000 Bitcoin faktisk er ret konservativt, og spillet er ikke engang rigtig startet,“ bemærkede Cameron.

MicroStrategy og andre, der køber betydelige mængder Bitcoin til deres egne reserver, ser ud til at indikere, at markedet begynder at skifte. „Hvad hvis alle Fortune 100 eller 500 virksomheder gør det, hvad hvis centralbanker begynder at gøre det?“ Spurgte Cameron. ”Det har ikke engang startet,” tilføjede han og analogiserede, at Bitcoin er i bunden af ​​det første i et ni-inning baseballkamp.

”Wall Street er ikke her endnu. Institutioner er ikke i Crypto Cash lige nu. Det har været et detailfænomen i det sidste årti. Så Wall Street taler om det, de er opmærksomme på Bitcoin, men de er ikke rigtig i det fra vores perspektiv, men det begynder at ske. ”

Grundlaget for interviewet var en rapport fra Tyler og Cameron, der blev offentliggjort i august 2020 med titlen: The Case for $ 500K Bitcoin.

Brødrene begyndte at konstruere rapporten i januar 2020, sagde Cameron i interviewet med McCormack

”Vi begyndte at tænke på, hvad regeringen har gjort med den amerikanske dollar i det sidste årti eller deromkring og traditionelle slags værdibutikker og hække,” forklarede Cameron. Tvillingerne stoppede arbejdet med rapporten i marts, da COVID fik verdensomspændende fodfæste. De genoptog papiret flere måneder senere efter at have evalueret de økonomiske ændringer, som virussen medførte.

Tyler sagde, at han og hans bror begyndte at købe BTC i 2012. En del af begrundelsen for rapporten stammede fra evaluering af aktivets ydeevne midt i den omgivende økonomi i løbet af det sidste årti.

Mens et stigende antal bullish forudsigelser for Bitcoin dukkede op i hele 2020 , er nogle forblevet skeptiske, såsom guldbug Peter Schiff.

OKEx in normal operation again: only withdrawals not possible

After some difficulties, OKEx is pretty much up and running again.

The OKEx crypto exchange announced that fiat crypto purchases and the peer-to-peer business are back. However, withdrawals are still not available

„OKEx’s P2P platform will resume trading in the fiat pairs CNY, INR and VND on October 21 at 12:00 (UTC). The fiat gateway ‚Buy crypto‘ will also be reactivated,“ said OKEx on Wednesday in an announcement. It also said: „Please note that withdrawals of cryptocurrencies are still temporarily suspended and the ‚Sell Crypto‘ option is not available.“

The exchange said in a tweet on Friday after suspending withdrawals, „other features are up and running“. Buying and selling via OKEx’s Fiat gateway have also been suspended, according to Wednesday’s announcement.

„As stipulated in the Golden Profit protocol and in the interests of user safety, the OKEx functionality of P2P trading, available in Vietnam, India and China, and withdrawals have been temporarily suspended on October 16,“ an OKEx representative said on October 16 Wednesday across from Cointelegraph.

He added that certain conditions can sometimes provide opportunities for hacking and theft by criminals

„That is why we decided to stop P2P trading as long as we review the situation and inform users of the potential dangers of this service. We are pleased that our users in these regions are following the correct practices to safely trade their assets We will resume P2P trading on Wednesday October 21st at 12:00 PM UTC. “

The turmoil at OKEx began on Friday when the exchange announced that withdrawals were being temporarily suspended. The situation in the following days was completely unclear. When commenting on the problems, there was talk of a private key manager of the exchange and involvement in an ongoing investigation . The Chinese police are also said to be investigating the founder of the exchange .

OKEx provided certain details, but the overall situation was still unclear. The exchange has repeatedly assured that the money is safe, however.

„Other functions of the exchange, such as trading and saving, remain unaffected and the users‘ assets are safe,“ the representative told Cointelegraph after the announcement on Wednesday. „P2P trading has resumed and we continue to list new tokens and assets.“

Stablecoin linked to the Singapore dollar aims to diversify the USD-dominated landscape

Xfers believes that it is time that other national currencies also receive a share of the action.

Singapore-based payment company Xfers announced on Monday the official launch of its stablecoin XSGD, linked to the Singapore dollar.

The stablecoin would be one of the first tokens denominated SGD, giving Singaporean companies and individuals a way to conduct transactions in cryptom currencies backed by their domestic currency. SGD is launched in the Zilliqa and Ethereum blockchains. The token is launched as part of the Xfers StraitsX initiative.

The stablecoin is said to comply with the Travel Rules, although Aymeric Salley, head of StraitsX, told Cointelegraph that this mainly involves the PSN01 guidelines of the Monetary Authority of Singapore.

The set of rules mainly addresses the identification requirements of users, who can only purchase or redeem stablecoin on the Xfers platform after full verification. The platform is also required to conduct ongoing risk assessment and transaction monitoring, although these standards can be found in many existing anti-money laundering frameworks around the world.

However, Salley noted that Singapore’s regulations do not distinguish between different forms of e-money, which means that crypto-companies can operate in the country as long as they „can demonstrate that they comply with a set of guidelines“.

The token itself can be freely withdrawn and processed with non-custodial wallets, Salley said.

The initial use cases of XSGD mainly involve financial institutions, specifically cross-border money transfers and access to the financial system for crypto-based institutions. Xfers‘ head of payments, Sharon Paul, told Cointelegraph

„Payments, most of the time, are the first step in enabling financial access. With this in mind, and noting the increase in tokenised assets, it was a natural progression for our team to include stablecoins in our payment option set. We are delighted to offer XSGD as an interoperable settlement option and therefore perfect for the digital asset and capital markets industries.

The team is pushing for currency adoption throughout the DeFi ecosystem as well. It is currently available on Zilswap, a decentralised exchange based in Zilliqa. The token also exists as an ERC-20 contract on Ethereum, which would also make inclusion in DEXs such as Uniswap possible.

Salley noted that the stablecoin space is currently dominated by the US dollar, and it is the company’s belief that other currencies should also be represented:

„We have seen the adoption of stablecoins rise rapidly over the years, however 98% of the market is dominated by dollar-denominated stablecoins; we believe that now is the time for stablecoins linked to other national currencies, such as the Singapore dollar, to emerge“.

Singapore’s blockchain ecosystem is relatively vast, comprising over 200 projects from block chains and investment companies alike. The fiduciary gateway offered by XSGD could enable these companies to interface more easily with global cryptomarkets, although the country’s cryptomone infrastructure does not appear particularly underdeveloped. Major exchanges such as Binance, Kraken or Coinbase serve the country through their global platforms or dedicated subsidiaries.

Die US-amerikanische CFTC bestraft einen Treuhandfirmeninhaber wegen Bitcoin-Betrugs mit einer Geldstrafe von 7 Millionen Dollar.

Die Treuhandfirma, die Eigentümerin des Unternehmens ist, wurde zur Zahlung von 7,4 Millionen Dollar Rückerstattung verurteilt, um die von der US Commodities Futures Trading Commission erhobene Zivilklage beizulegen.

Die US Commodities Futures Trading Commission (CFTC) hat eine Geldbuße in Höhe von 7,4 Millionen Dollar gegen den Eigentümer einer Treuhandfirma verhängt, weil er Gelder von zwei Unternehmen gestohlen hat, indem er über Bitcoin-Transaktionen gelogen hat. Die Durchsetzungsklage ist die jüngste Entwicklung im Verfahren gegen Jon Barry Thompson, das seit 2018 läuft. Gegen den in Pennsylvania ansässigen Jon Barry Thompson wurde 2019 Anklage erhoben, weil er zwei Kunden, die Bitcoins über seine Firma Volantis kauften, betrogen hat. Volantis betrieb eine Treuhandfirma für Kryptowährungen namens Volantis Escrow Platform LLC und ein verbundenes Unternehmen, Volantis Market Making.

Volantis erhielt 7 Millionen Dollar für den Kauf von Bitcoins im Namen von zwei Kunden.

Zuvor erhielt Volantis 7 Millionen Dollar für den Kauf von Bitcoins im Namen von zwei Kunden, die dann vor dem Erhalt der gekauften Bitcoins an eine dritte Partei geschickt wurden. Thompson log die Unternehmen an, indem er sagte: „Das Geld ist bei mir, die Münze ist bei mir“, und behauptete weiter, „es besteht kein Ausfallrisiko“, da Volantis „beide Seiten der Transaktion“ kontrolliere. Thompson schickte die Gelder jedoch an einen anderen Treuhanddienstleister, der die versprochene Bitmünze nie kaufte oder die Gelder, die bei der Transaktion offenbar verloren gingen, laut CFTC zurückgab.

Thompson wurde 2019 von einer Grand Jury in New York angeklagt.

Die CFTC sagte in einer Erklärung, dass der Auftrag auch feststellt, dass Thompson, nachdem er das Geld der Kunden genommen und keine Bitcoin zur Verfügung gestellt hatte, dann die Kunden über den Standort der Bitcoin, die Gründe, warum die Transaktion nicht abgeschlossen wurde, und den Status des Geldes der Kunden belogen habe. Im Anschluss an die Ermittlungen wurde Thompson im vergangenen Jahr von einer Grand Jury im südlichen Bezirk von New York wegen zwei Anklagen wegen Warenbetrugs angeklagt, gefolgt von zwei Anklagepunkten wegen Überweisungsbetrugs, was bedeutet, dass ihm bei einer Verurteilung bis zu 60 Jahre Gefängnis drohen könnten. Gestern akzeptierte das Gericht Thompsons Schuldbekenntnis in einem Anklagepunkt des Warenbetrugs.

Scammers opt for Bitcoin, says Michael Cohen

MyChargeBack’s vice president of consumer protection, Michael Cohen, has touched on a sensitive point related to scams. He explains that scammers choose Bitcoin over credit cards.

He explains that the irreversibility of Bitcoin Future scam transactions, makes it one of the favorite tools of criminals. This is one of the benefits that have been repeatedly highlighted since Satoshi Nakamoto himself first did it.

In banks and related financial institutions, transactions can be frozen. The scope for fraudsters is limited. With crypto-currency, Blockchain technology makes a transaction non-reversible.

Why do fraudsters choose Bitcoin?

Another reason many fraudsters choose Bitcoin, instead of credit cards, is the difficulty of being tracked. Although there are mechanisms to determine the path of a transaction with crypto-currencies, there are also ways to hide them.

As for credit cards, this is a system strictly handled by banks. They are centralized institutions managed entirely by administrators, who can freeze at their discretion one or a group of accounts, as well as the money in them.

This means that structured criminal work can be neutralized if it is detected. As for Bitcoin, once the money has been moved from one wallet to another, it’s impossible to reverse it, which makes it ideal for fraudsters.
Michael Cohen, vice president of the consumer protection firm, MyChargeBack, says con artists choose Bitcoin over credit cards. Source: WikipediaMichael Cohen, vice president of the consumer protection firm, MyChargeBack, says con artists choose Bitcoin over credit cards. Source: Wikipedia

How to buy crypt coins with credit cards?

This is what Satoshi Nakamoto said

In his response to one of the first users to adopt Bitcoin, Satoshi Nakamoto highlighted the above-mentioned qualities of his currency. „Paper checks can bounce for a week or two, and credit card transactions have the option of being disputed up to 60 or 80 days later.

If you compare it to the most important of crypto-currencies, you’ll find that at Bitcoin, transactions become irreversible almost immediately – one of the qualities most sought after by fraudsters.

In the same vein, Cohen explains that, with some credit cards, charges can be made up to 18 months later. The cards have two ways to counter charges: unauthorized use and authorized use.

As for the first, it is a situation where some criminal has access to the owner’s credit card. The second case is authorized use, which is when the owner is not satisfied with a transaction and wants to cancel it. Here, the defense against fraud comes into play.

Scott Melker believes that fiat money is the real ponzi scheme

Mass adoption of cryptomonies in question

The fact that a transaction is not reversed, makes it difficult to protect users, which is detrimental to the adoption of crypto-currencies. An asset such as Bitcoin, which is chosen by one or a group of fraudsters to attack users, can lead to losses for the companies that host it.

For Cohen, Bitcoin „is unfortunately a very good tool for a scammer to have as a means of collecting funds. In that same order, he explains that the digital coins themselves serve in the disinterest „of those who seek to promote the general and universal use of crypto-currencies.
Data to take into consideration

Among the most common cases in which fraudsters opt for Bitcoin are trading offers.
Credit card transactions can be disputed, even 18 months after the date they were made.
A transaction with Bitcoin or other crypto-currency, once made, can’t be cancelled.
The irreversible nature of transactions with Bitcoin makes it difficult for them to be widely adopted.

Draper Goren Holm raises $ 25,000,000

The venture capitalist has set up a fund to support crypto startups and FinTechs in the early stages of corporate financing.

The US-based draper Goren Holm has set up a fund of 25 million US dollars (USD)

This was published in a press releaseon October 6th in Los Angeles at the LA Blockchain Summit, which is one of the largest crypto conferences in the country. The venture capitalist invests in FinTech and start-ups that use Bitcoin Evolution technology.

According to the venture capital company, companies in the early stages of their establishment should benefit from what is known as “Fund 1”. It wants to spend the money as soon as possible, with a focus on the European crypto market. So it’s no wonder that Draper Goren Holm wants to open an office in Vienna by December 2020.

Europe crypto can be happy

It is incredible to see how European governments have become crypto and blockchain supporters over the past few years, as their favorable arrangements have attracted a bevy of talented and diverse entrepreneurs carrying out unimaginable projects in Vienna, Zug and Berlin, just to name a few to name a few

said one of the founders of the crypto studio, Josef Holm. Only on October 2, the European Central Bank (ECB) published a report on the planned dispute with the euro on a blockchain basis.

The first financing round of the Draper-Goren-Holm-Fonds was not public. Only „friends and family members“ have been allowed to participate so far. According to the company, 18 crypto companies have so far been part of the investment company’s portfolio. This includes, for example, the WordPress plugin Totle , which allows websites to receive payments in cryptocurrencies .

Bitcoin Price Crashes $450 su BitMEX CEO Arthur Hayes & Other Founders Indicated on Criminal Charges

L’ufficio del procuratore degli Stati Uniti dice che i fondatori „impareranno presto il prezzo dei loro presunti crimini“, che comporta una pena detentiva massima di cinque anni. Il responsabile dello sviluppo degli affari è stato già arrestato stamattina.

CFTC ha accusato BitMEX di gestire illegalmente una piattaforma di trading di derivati.

Già nel luglio 2019 la U.S. Commodity Futures Trading Commission (CFTC) ha iniziato a indagare sullo scambio con l’obiettivo di permettere agli americani di fare trading sulla piattaforma senza essere registrati presso l’agenzia.

Ma come ha detto Jake Chervinsky, consulente generale di Compound Finance, la notizia più importante è che il fondatore di BitMEX Arthur Hayes, Samuel Reed e Benjamin Delo sono stati incriminati con l’accusa di aver violato il Bank Secrecy Act, che prevede una pena detentiva massima di cinque anni.

Anche il primo dipendente della Exchange, che più tardi è diventato il responsabile dello sviluppo del business, Gregory Dwyer, è stato accusato e arrestato questa mattina in Massachusetts – il resto rimane a piede libero, hanno detto i procuratori.

I fondatori di Crypto Bank sono stati incriminati dai procuratori federali di New York per non aver rispettato le adeguate misure anti-riciclaggio della società.

Questi imputati si sono fatti beffe (per fare la loro parte per aiutare a scacciare il crimine e la corruzione) dell’obbligo e si sono impegnati a gestire un presunto scambio di crittografia „off-shore“, mentre non hanno volontariamente implementato e mantenuto anche le politiche anti-riciclaggio di base“, ha detto Audrey Strauss, procuratore distrettuale di Manhattan.

Il comunicato stampa ufficiale afferma inoltre che uno degli imputati si è anche vantato della società costituita al di fuori degli Stati Uniti, dove „corrompere le autorità di regolamentazione … costa solo ‚una noce di cocco'“.

„Grazie al lavoro diligente dei nostri agenti, analisti e partner del CFTC, sapranno presto che il prezzo dei loro presunti crimini non sarà pagato con frutta tropicale, ma piuttosto potrebbe portare a multe, restituzione, e alla prigione federale“, si legge.

La vera domanda è, quanto saranno veloci gli scambi con l’estero che ancora permettono ai trader con sede negli Stati Uniti di utilizzare il loro servizio via VPN o senza KYC. Le implicazioni di questo potrebbe essere enorme per la comunità della crittovaluta.

In risposta alla notizia, bitcoin è sceso da oltre $10.900 a $10.460 in pochi minuti ed è attualmente scambiato a circa $10.500. Anche il resto del mercato dei cripto-criptatori è sceso in tandem.