follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - Power

Pages: [1] 2 3 ... 30
1
Cryptocurrency discussions / Re: BTC/ALTS Marriage
« on: March 12, 2021, 02:56:54 PM »
When bitcoin pumps and altcoins ride with it, everyone's happy.
When bitcoin dumps and altcoins follow, everyone wants alts decoupling from btc.

BTC and ALTS are odd couples. Even if USDT (or other stable coins pegged with other assets) is knocking at alts door, they will remain together ;D Just accept that and trade accordingly.

Cheerup haha. So true, we just need to do our part. and let btc and alts do its job as well.

2
Crypto Wallets / Re: Best 5 IOS wallets
« on: March 12, 2021, 02:53:45 PM »
Top 5 Bitcoin iOS Wallets & iPhone App For Storage

Here is a breakdown of the top five Bitcoin iOS Wallets one should consider. This will also allow one to determine what features make a safe and effective wallet.

Breadwallet

Breadwallet appears to focus on simplicity, security and increased privacy. Based on the claims made, no opportunity whatsoever is given to hackers and the use of iOS is said to prevent any types of malware and viruses from occurring. It also has a user interface, which includes open source codes to maximize trust. Another facet that makes Breadwallet worth considering is the fact that they do not store private keys on their own servers, which shows that all control is in the hands of the user.

MyCelium Wallet

MyCelium Wallet was created with the intentions of allowing users to safely store their BTCs, manage multiple accounts in one and make backups and trading an efficient and easy task. Their approach on using single address accounts can increase security by eliminating private keys from the device and only permitting re-imports when it is needed the most.

Another measure taken to tighten up security is via their BIT ID, which is an open protocol that allows secure authentication compared to the classical password type. Lastly, its HD feature, also referred to as the Hierarchical Deterministic is said to use a master seed to get all future bitcoin addresses, which is believed to provide a safe backup.

Copay Wallet

Like MyCelium Wallet, the Copay Wallet uses a HD to secure Bitcoins and initiate secure backups. This wallet, however, promotes multiple personal and shared wallets. Additional security measures have been taken through its BWS node, which also promotes privacy. Ultimately, many favor this wallet because of its transparency, privacy and the control users have. At the same time, many argue it be ineffective due to its centralized approach of verification.

Jaxx Wallet

Jaxx is a Blockchain Interface and Wallet that values users’ control, security and ease-of-use. Some of the measures taken include secured private keys that are never sent to servers, a user-friendly design to maximize ease of use, the ability to allow users to download their keys into another service and eliminating any type of friction that can delay one’s experiences. It also uses a 12-word master seed to manage private keys.

Airbitz Wallet

Of all the wallets that appeared in this review, Airbitz is the most versatile as it is the only one to have taken several steps in ensuring that one’s ease of use is met as well as ensuring that the security and privacy of users have not been breached in any way possible. Some of features like the ability to pay through Bluetooth (BLE) with QR Codes, HD for secured backups, two-tap quick UI for transferring funds between wallets for easy-of-use and the ability to search transactions for optimal transparency, shows that Airbitz was created after considering every scenario possible.

Top 5 Bitcoin iOS Wallets Final Tips

Clearly, all five Bitcoin wallets have placed equal importance on privacy, security, ease-of-use and making sure that each user has all of the control over his or her assets. It is important to keep in mind that once one loses his or her mobile, then the chances of losing control over the wallet is highly likely, allowing a third-party to gain access.

Furthermore, users should always save their master seeds/ private keys, because without them, there really is no way getting in. Similarly, users should avoid sharing such passcodes with others to ensure that it does not result in theft. While iOS wallets might seem great, it is ideal to split storage between hardware and iOS wallets to ensure that not all assets are lost, given any issue that may arise

Top iOS Bitcoin Wallets
Coinomi
Jaxx Liberty.
BRD.
Edge
Green.
Abra.
Edge.

3
Crypto Wallets / Re: Top 3 Bitcoin Mobile wallets?
« on: March 12, 2021, 02:48:45 PM »
Top most favourite bitcoin wallet
Trust Wallet
Coinbase
Ledger nano wallet

These wallets is really good wallet for me. It is really helpful, in storing and holding coins.

4
Sa dami ng sinalihan ko na mga bounty yung iba hindi kailangan mag post pero ang ibang bounty kailangan talaga.
bakit ganun iba-iba ang mga rules nila?

Tulad sa isang pamilya may ibat ibang rules. Ganoon din sa mga bounty campaign iba iba din ang kanilang rules depending sa gusto nilang abutin.

5

The Flash Mint is here: WETH10 turbocharges the flash loan conceptNEWS
A team has released WETH10, the latest iteration of the Wrapped Ether token that allows using Ether (ETH) in a DeFi setting. WETH10 carries a host of useful features, the most notable of which is the flash mint, an evolution of the flash loan concept.

Flash loans allow users to borrow the entire liquidity pool of a protocol to use as they see fit, without posting collateral. The only limitation is that the loan must be returned in full within the same transaction, otherwise the loan will never exist in the first place.

In the DeFi community, flash loans are primarily a tool for arbitrage, as they offer an unlimited source of funds for anyone transacting entirely within the DeFi ecosystem. This includes liquidation bots, with one lucky liquidator making $4 million from scratch in November by using flash loans. Another class of flash loan users are hackers and protocol exploiters, who often use them as a source of funds for their attacks.

The flash loan’s prevalence in hacks has made the concept somewhat controversial, with some arguing that they are net negative for the ecosystem and should be removed. For others, they represent one of few meaningful DeFi innovations, which democratizes access to arbitrage.

One limitation of flash loans is that the total sum available for a transaction is limited by the liquidity locked in a particular protocol. This is where the concept of a flash mint comes into play — instead of taking funds from a liquidity pool, the mechanism mints tokens out of thin air and destroys them once no longer necessary.

The amount that can be obtained from a WETH10 mint is not really infinite, Alberto Cuesta Cañada, technical lead for Yield Protocol and developer of WETH10, told Cointelegraph:

“The only limitation to flash mints of WETH10 is that the flash minted amount can never exceed 2^112-1 at any given time.”
In decimal terms, the number quoted by Cuesta Cañada has 33 zeros, which should be enough to cover any liquidity needs in DeFi. In practice, if the user needs to unwrap the WETH for a particular use, there may be limitations due to how much ETH is stored on the WETH contract.

Most DeFi protocols actually use WETH in the backend, though they hide this from users by automatically wrapping and unwrapping it at each interaction. If they were to switch to WETH10, the flash mint could grow to its full potential.

Will projects adopt the new standard?
“The new standard will be adopted slowly, it it gets adopted,” said Cuesta Cañada. “It is not users, but applications, that might adopt WETH10, and nothing might be seen for at least a couple of months.”

Adopting WETH10 only for the risk of amplifying potential losses from coding mistakes may be a tough proposition, but the new token carries a host of other advantages. WETH10 includes the ability to make transactions free for the end user, and it skips the “approve token” mechanic to save on gas costs and avoid security threats. An additional benefit of WETH10 is that its flash mint is completely free, unlike flash loan protocols levying their own fees.

Cuesta Cañada believes that newer projects will have an easier time integrating the standard, with existing names possibly doing so in their next releases. It is yet unclear if DeFi projects believe the risks of flash mints outweigh the benefits from the new WETH standard. “No one has committed to use it yet, but we haven't gone looking for it either,” said Cuesta Cañada. He concluded:

“If the selling proposition of WETH10 is good enough, it will be adopted. If it is not, such is life, we all learnt a lot and had a great time coding it.

Source: https://www.google.com/url?sa=t&source=web&rct=j&url=https://twitter.com/Cointelegraph/status/1368441299054047232%3Fref_src%3Dtwsrc%255Egoogle%257Ctwcamp%255Eserp%257Ctwgr%255Etweet&ved=2ahUKEwjRw92k1J3vAhVWyYsBHYzLCuUQglR6BAgDEBA&usg=AOvVaw2MUIKmCTOY98ljYz7frOlr

6
Ethereum Forum / Re: Can New coins be like Etherum?
« on: March 07, 2021, 08:50:08 AM »
It has occurred that new Cryptocurrency project are trying in different dymension to compete with already existing token and coins in the crypto currency market, so do you think that new Cryptocurrency project is going to beat etherum in terms price value, is that possible or not?

It is possible, depending on the system that the owner/s are using.

7
Crypto Wallets / Re: Which ETH wallet to use in the token bounty?
« on: March 07, 2021, 08:47:59 AM »
As long as I have participated in many bounty projects, I use the ERC-20 wallet. Because most bounty projects use the ERC-20 wallet. You can visit www.myetherwalet.com to get your wallet. The important thing is you don't send your private-key wallet to anyone.

When it comes to Eth wallet.  I used MyEtherWallet.

8
Bitcoin Forum / Re: HOW CAN WE END THE VOLATILITY?
« on: March 07, 2021, 08:45:36 AM »
The volatility of bitcoin won't end anytime, I think we have to give more  time for more people to appreciate bitcoin and use in daily business transactions. At the moment, I believe some form of regulations can help make things pretty much stable than we have at the moment otherwise we shall experience more issues with the volatility.

In my own opinion on this matter or subject. There is no thrill if volatility will not do its task.

9
Ripple's Asia expansion unaffected by SEC lawsuit, says CEO
Ripple CEO Brad Garlinghouse says the company's activities in the Asia-Pacific region have not been affected by current regulatory troubles in the United States.


Ripple's Asia expansion unaffected by SEC lawsuit, says CEONEWS
Despite being in the middle of a $1.3 billion lawsuit with the United States Securities and Exchange Commission, it appears that it is still business as usual for Ripple.

Speaking to Reuters on Friday, Garlinghouse revealed that the company has not suffered any negative blowback in the APAC business theatre amid the current SEC lawsuit:

“It (the lawsuit) has hindered activity in the United States, but it has not really impacted what’s going on for us in Asia Pacific.”
In December 2020, the SEC charged Ripple and its principal executives of violating securities laws in the sale of XRP tokens since 2013.

Garlinghouse attributed the absence of any fallout to the company’s good standing with regulators in the region, stating, “We have been able to continue to grow the business in Asia and Japan because we’ve had regulatory clarity in those markets.”

Indeed, Japan and other APAC countries have historically been favorable for Ripple and XRP. Ripple is even part of a joint venture with Japanese conglomerate SBI Holdings to form SBI Ripple. The JV firm is at the heart of numerous projects aimed at creating a Ripple-powered payment corridor in Asia.

In March 2020, the blockchain payments firm expanded further into Southeast Asia, inking a partnership with DeeMoney, a Thai fintech outfit.

Garlinghouse also played down the effects of U.S. exchanges delisting or halting the trading of XRP tokens. According to the Ripple CEO, over 200 platforms across the world list XRP trading pairs.

Apart from U.S. crypto exchanges, asset managers and cryptocurrency funds like Bitwise and Grayscale have also liquidated their XRP holdings.

Back in December, the Ripple chief revealed that only 5% of the company’s customers were domiciled stateside. Garlinghouse has even stated previously that the company was mulling a move outside of the U.S. if the regulatory environment fails to improve.

Meanwhile, both Garlinghouse and Ripple’s executive chairman, Chris Larsen have moved to file separate motions for the case to be dismissed. Attorneys for both company executives say the Treasury Department’s Financial Crimes Enforcement Network has previously classified XRP as a virtual currency.

Source: https://cointelegraph.com/news/ripple-s-asia-expansion-unaffected-by-sec-lawsuit

10
What Ethereum killer? On-chain data shows competitor networks are still behind
Critics say Ethereum’s soaring gas fees will cause the project to fall victim to its competitor blockchains but on-chain data suggests otherwise.

What Ethereum killer? On-chain data shows competitor networks are still behindMARKET ANALYSIS
Ether (ETH) remains the second-largest cryptocurrency and it absolutely dominates the smart contract industry according to an array of network usage metrics. Even though the network has been overwhelmed by peak activity which is causing median fees to surpass $10, the network effect of its large user and developer base seems to be enough to sustain its position as the second ranked cryptocurrency by market capitalization.

Nevertheless, some key on-chain metrics are beginning to show a potential change in Etheruem’s supremacy, which raises the age old question of whether an "Ethereum killer" will be able to dethrone the top network?


Smart contracts Total Value Locked (TVL) ranking. Source: defillama.com
As shown above, the Ethereum network vastly dominates decentralized applications (dApps). Due to its high gas fees for transactions, when analyzing the number of active addresses, the Ethereum newtork appears to be at a disadvantage to its competitors.

Over the past week, FLOW blockchain's NBA Top Shot had almost 80,000 active addresses which is five times larger than Ethereum's Rarible NFT marketplace or even SushiSwap. Thus, the first data to analyze is the daily active addresses number across each blockchain.


Daily active addresses. Source: coinmetrics.io
The chart above shows that Tron (TRX) has recently surpassed Ethereum in daily active addresses, although this metric can be easily inflated. The Tron network has virtually zero fees for simple transactions which creates an unfair comparison.

By measuring effective transactions and transfers,it's easier to exclude the addresses that are not contributing to the network.


Transactions and transfers, adjusted, USD. Source: coinmetrics.io
By doing this we can see that Tron doesn't come even close to Ethereum's numbers, although Cardano's (ADA) recent price growth has led to a virtual tie between the two.

Oddly enough, the Tron network holds over 14.5 billion of the Tether (USDT) in circulation, which by itself should boost network usage metrics. Meanwhile, Cardano has 90% fewer daily active addresses than Ethereum, yet, both networks handle the same amount of transfers and transactions.

This is especially problematic as Ethereum handles 20 billion Tether tokens and also manages all the transactions of Chainlink (LINK), USD Coin (USDC), Wrapped ETH (WETH), and many others.


ETH, ADA, NEM, NEO, TRX market cap, USD million. Source: cointrader.pro
This data should, at least theoretically, be reflected in the market capitalization. Thus, it makes sense for Ethereum to dominate the ranking as no other network is even close to its decentralized applications.

Moreover, when analyzing the transfer and transactions' value, Ethereum leads by 50 times if we exclude Cardano's questionable figures discussed earlier.

For the time being, the data suggest that the four “Ethereum killers” analyzed above are unlikely to “flippen” the Ethereum network anytime soon.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Source: https://cointelegraph.com/news/what-ethereum-killer-on-chain-data-shows-competitor-networks-are-still-behind

11

Decentralized finance 'Gen2' tokens sprint forward as the broader DeFi market gasps for air

DeFi summer 2.0? 'Gen 2' tokens on a tear amid wider market slumpNEWS
As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances.

It’s a set of outlier projects pushing forward on both price and fundamentals that has led one crypto analyst, eGirl Capital’s mewny, to brand them as DeFi’s “Gen 2.”


Mewny, who in an interview with Cointelegraph pitched eGirl Capital as “an org that takes itself as a very serious joke,” says that Gen 2 tokens have garnered attention due to their well-cultivated communities and clever token distribution models — both of which lead to a “recursive” price-and-sentiment loop.

“I think in terms of market interest it’s more about seeking novelty and narrative at this stage in the cycle. Fundamental analysis will be more important when the market cools off and utility is the only backstop to valuations. Hot narratives tend to trend around grassroots projects that have carved out a category for themselves in the market,” they said.

While investors might be eager to ape into these fast-rising new tokens, it’s worth asking what the projects are doing, whether they’re sustainable, and if not how much farther they have to run.

Pumpamentals or fundamentals?
The Gen 2 phenomena echoes the “DeFi summer” of last year, filled with “DeFi stimulus check” airdrops, fat farming APYs, and soaring token prices — as well as a harrowing spate of hacks, heists, and rugpulls.

However, mewny says that there’s a population of investors that emerged from that period continuously looking for technical progress as opposed to shooting stars.

“There are less quick “me too” projects in defi. An investor may think that those projects never attracted much liquidity in the first place but they overestimate the wisdom of the market if that’s the case. They did and do pull liquidity, especially from participants who felt priced out or late to the first movers.This has given the floor to legitimate projects that have not stopped building despite the market’s shift in focus. ”
One such Gen 2 riser pulling liquidity is Inverse Finance. After the launch of a yield farming program for a forthcoming synthetic stablecoin protocol, the Inverse Finance DAO narrowly voted to make the INV governance token tradable. As a result, the formerly valueless token airdrop of 80 INV is now priced at over $100,000, likely the most lucrative airdrop in Defi history.

Another Gen 2 star is Alchemix — one of eGirl Capital’s first announced investments. Alchemix’s protocol also centers on a synthetic stablecoin, alUSD, but issues the stablecoin from collateral deposited into Yearn.Finance’s yield-bearing vaults. The result is a token loan that pays for itself — a new model that eGirl thinks could become a standard.

“eGirl thinks trading yield-bearing interest will be an important primitive in DeFi. Quantifying and valuing future yield unlocks a lot of usable value that can be reinvested in the market,” they said.

The wider markets appears to agree with eGirl’s thesis, as Alchemix recently announced that the protocol has eclipsed half a billion in total value locked:


Staying power?
By contrast, governance tokens for many of the top names in DeFi, such as Aave and Yearn.Finance, are in the red on a 30-day basis. But even with flagship names stalling out, DeFi’s closely-watched aggregate TVL figure is up on the month, rising over $8.4 billion to $56.8 billion per DeFi Llama — progress carried in part on the back of Gen 2 projects.

The comparatively wrinkled, desiccated dinosaurs of DeFi may have some signs of life left in them, however. Multiple major projects have significant updates in the works, including Uniswap’s version 3, Sushiswap’s Bentobox lending platform, a liquidity mining proposal working through Aave’s governance process, and Balancer’s version 2.

These developments could mean that DeFi’s “Gen 2” phenomena is simply a temporary, intra-sector rotation, and that the “majors'' are soon to roar back. It would be a predictable move in mewny’s view, who says “every defi protocol needs at least 1 bear market to prove technical soundness.”

What’s more, according to mewny some of the signs of market irrationality around both Gen 2 tokens as well as the wider DeFi space — such as triple and even quadruple-digit farming yields — may be gone sooner rather than later.

“I don’t think it’s sustainable for any project in regular market conditions. We are not in regular conditions at the moment. Speculators have propped up potentially unsustainable DeFi protocols for a while now.”
DELIVERED EVERY FRIDAY
Subscribe to the Finance Redefined newsletter
Email Address
Subscribe
By subscribing, you agree to our
Terms of Services and Privacy Policy
 #Ethereum



RELATED NEWS
Building Empires: Biggest Crypto Exchanges Push for Global Presence
Building Empires: Biggest Crypto Exchanges Push for Global Presence
Cannabis-focused crypto firm reveals why it’s switching to Cosmos
Cannabis-focused crypto firm reveals why it’s switching to Cosmos
DeFi will bring a new golden age for the film industry
DeFi will bring a new golden age for the film industry
No-loss lottery PoolTogether cracks $50 million in deposits after token airdrop
No-loss lottery PoolTogether cracks $50 million in deposits after token airdrop
Evolving the DAO: How decentralized companies can dominate Web 3.0
Evolving the DAO: How decentralized companies can dominate Web 3.0
1inch announces expansion to Binance Smart Chain, plans to run BSC node
1inch announces expansion to Binance Smart Chain, plans to run BSC node

COINTELEGRAPH YOUTUBE
Subscribe


Andrew Thurman
ANDREW THURMAN
11 HOURS AGO
Basketball billionaires form NBA blockchain use case committee
Mark Cuban and Vivek Ranadive headline the list of owners exploring blockchain use cases for the NBA

22978
45

2:37
Basketball billionaires form NBA blockchain use case committeeNEWS
Blockchain tech may soon become an integral part of the world’s largest basketball league.

According to a report from Sportico yesterday, a group of some of the wealthiest and most powerful National Basketball Association team owners are forming a committee to investigate blockchain use cases for the NBA.

Called the Blockchain Advisory Subcommittee, members include Mark Cuban, Joe Tsai, Ted Leonsis, Steve Pagliuca, Vivek Ranadive and Ryan Sweeney. According to Sportico, the goal of the subcommittee is to “explore ways to integrate blockchain across the league’s business.”

Two obvious possible use cases include ticketing and collectibles. Blockchain-based ticketing has made significant strides and now has an active userbase, and Mark cuban in particular has been vocal about his support for using blockchain to enable his team to reap profits from secondhand sales and scalping.

Likewise, blockchain-based collectibles have found an unusually snug product-market fit with the NBA’s highlights and stat-obsessed fans. Flow blockchain’s NBA Topshot tradable highlight project has raked in over a quarter billion in sales. Additionally, the company counts multiple NBA players as investors.

However, Cuban said in a statement to Sportico that the committee was not founded as a response to the exploding popularity of NBA Topshot, and is instead focused on broader applications of blockchain technology.

Cuban is by now a familiar name to members of the crypto community. Despite a past history of disparaging digital currencies, he’s now embraced them — especially Ethereum-native protocols and tools like NFTs. After a halfhearted NFT release, on-chain sleuths found his address and discovered the billionaire owns a number of DeFi protocol tokens.

Additionally, according to a recent Tweet his decision to accept Dogecoin for Mavericks tickets and merch appears to have been a success:

The @dallasmavs have done more than 20,000 in transactions, making us the LARGEST MERCHANT IN THE WORLD ! We thank all of you and can only say that if we sell another 6,556,000,000 worth of Mavs merch, will DEFINITELY HIT $1 !!!

— Mark Cuban (@mcuban) March 6, 2021
Fans might also recognize Vivek Ranadive, the owner of the Sacramento Kings. After buying the team in 2013, he advanced a number of tech-centric and radical ideas, including playing 4-on-5 defense and setting up an app to let fans vote on the next play. When it comes to blockchain, he was also one of the first to accept crypto for tickets, and set up a mining facility in a Kings arena.

Source: https://cointelegraph.com/news/defi-summer-2-0-gen-2-tokens-on-a-tear-amid-wider-market-slump

12

As Bitcoin ETFs launch in Canada, an approval from U.S. authorities appears to be closer than ever before as naysayers start to run out of reasons to deny it.

Bitcoin ETF may come to US, but not all crypto investors think it’s neededANALYSIS
The United States Securities and Exchange Commission’s floor is littered with failed crypto fund filings, but this year, following Canada’s lead, the U.S. might actually have an exchange-traded fund that tracks digital assets.

After all, the price of Bitcoin (BTC) is booming, the SEC has a new crypto-savvy chairman, and Canada, which is sometimes viewed as a beta test site by U.S. regulators, debuted a Bitcoin ETF in late February that by most accounts has been stunningly popular. But does a crypto ETF really matter anymore?

Clearly, a lot has changed in the past year — what with a global pandemic, a change in administrations in Washington and new price records being set regularly on the crypto front. Whereas many predicted as recently as June 2020 that an SEC-sanctioned Bitcoin ETF would be a very “BIG Deal” and “open the flood gates” to BTC adoption, with a crypto ETF now on the brink, some observers aren’t so sure anymore.

“I used to think it would be a game-changer but now I think it would be just another step in the evolution of crypto,” Lee Reiners, executive director of the Global Financial Markets Center at Duke University School of Law, told Cointelegraph.

Eric Ervin, CEO of Blockforce Capital and Reality Shares and co-founder of Onramp Invest, told Cointelegraph: “I think a crypto ETF is less significant than we thought before because a lot of institutional investors finally got tired of waiting and figured it out.” Ervin’s firm was one of nearly a dozen whose application was sideswiped by the SEC — the Reality Shares ETF Trust application was pulled in February 2019 “on SEC advice.” That said, Ervin acknowledged that there “are still a massive number of investors on the sidelines” who might welcome such an investment option.

Meanwhile, applications to the U.S. agency keep flowing. Most recently, the Chicago Board Options Exchange requested permission to list a Bitcoin ETF proposed by asset manager VanEck.

State Street Corporation — one of the world’s largest custodians, with $38.8 trillion in assets under custody and/or administration — will be servicing the VanEck ETF, if approved. Nadine Chakar, head of State Street Global Markets, told Cointelegraph that the company is working to bring ETFs and exchange-traded notes to market in Europe and the Asia-Pacific region, adding that “Our clients have seen interest grow in Bitcoin and [...] there is a feeling the market is maturing.” Indeed, in the three years since early 2018 when Bitcoin interest last peaked:

“They feel that the market has become more efficient, crypto custody solutions have evolved to offer better security that they are comfortable with, and regulatory clarity has increased such as we’ve seen with the OCC’s [Office of the Comptroller of the Currency] recent announcements.”
More success in 2021?
Has the crypto ETF climate really changed in Washington though? Michael​ Venuto, co‑founder and chief investment officer of Toroso Investments, told Cointelegraph: “I believe the odds of a U.S. Bitcoin ETF being approved are higher than in previous years.” Improved crypto custody, reporting and transaction transparency have calmed many regulators’ concerns, he said, and “The fact that BNY Mellon announced its move towards crypto custody on the same day as a Bitcoin ETF was approved in Canada is not a coincidence.”

“Investors have been looking to the US as the next potential market for ETFs that track digital assets,” wrote FTSE Russell, a subsidiary of London Stock Exchange Group that produces stock market indices, in a recent blog post, adding: “And speculation has only increased in recent weeks with the first Bitcoin ETF launch in Canada joining crypto ETP listings in Germany and Switzerland, as well as the continued popularity of the Grayscale investment trusts tracking this market.”

Regarding Gary Gensler’s nomination as SEC chairman, “This goes a long way towards advancing innovation in the US financial markets,” added Ervin, who agreed that the likelihood that U.S. regulators will approve a Bitcoin ETF this year has improved. He added further:

“As a former Chair of the CFTC, Gensler understands the importance of financial innovation, but he also has a healthy respect for the potential damage that unchecked markets bring.”
Reiners observed that based on what the SEC had been saying recently ETFwise — which isn’t much — a U.S. crypto ETF seems to be no closer than a year ago. However, when taking a broader look at the maturation of the crypto market and the subsequent institutional interest, he believes “It’s getting harder for the SEC to continue to say no.”

Is an ETF better than a trust?
But would an SEC-sanctioned ETF really be of major consequence now? What, for instance, does an ETF offer Bitcoin investors that current “trusts” like Grayscale Bitcoin Trust don’t?

GBTC and other trusts trade over the counter, not on major exchanges like the New York Stock Exchange, noted Reiners. By comparison, “An ETF is widely accessible to all,” including retail investors without access to OTC markets.

State Street’s Chakar noted that GBTC is essentially a closed-end fund open to qualified investors, and although shares of the trust are available on the secondary market to retail investors, those shares “are not tied directly to the price of Bitcoin. As such shares most times trade at a premium — or a discount — to the underlying price of Bitcoin.”

Venuto added further: “The ETF structure provides for intra-day creation and redemption to meet demand. This function removes the premium and discount issues which have impacted the pricing of GBTC” — though he opined that if regulators were to approve a Bitcoin ETF, “Then in short order they would allow GBTC to convert to a similar ETF like structure.”

Along these lines, Canada-based investment manager Ninepoint Partners, which launched a Bitcoin trust two months ago, this week announced plans to convert its trust to an ETF on the Toronto Stock Exchange — following other Canadian investment firms seeking to capitalize on the untapped crypto ETF market in the country.

More adoption?
If a U.S. crypto ETF comes to pass, how would it play out? Would it bring in more institutional investors, for example? “Many institutions can only invest in funds, so the ETF is a wonderful step in the right direction,” Ervin said.

Institutional interest will continue to build regardless of an ETF, opined Venuto: “In terms of institutional adoption, that ship has sailed. [...] An ETF will be primarily used by individual investors and financial advisors.”

“An ETF is more attractive to both institutions and retail investors in that it does tend to carry much less liquidity risk and more transparency to the underlying price of the asset — and fees associated with it,” said Chakar.

But what about Bitcoin and cryptocurrency adoption in general? Would a U.S. crypto ETF transform that landscape? Reiners told Cointelegraph:

“There are now lots of ways for retail investors to get exposure to crypto, and the list keeps growing. Plus now we have Tesla and other public companies investing in Bitcoin. The barrier between the crypto sector and the traditional financial system has been eroding for several years now; a Bitcoin ETF would further blur this boundary.”
Regarding Tesla, MicroStrategy and other public companies that have purchased Bitcoin recently, Chakar told Cointelegraph that “Investing in a company that has publicly acknowledged that it’s buying Bitcoin is probably not what most institutional [investors] would do to gain exposure to the asset.”

She added that crypto has been around for 10-plus years now, “But it has never been packaged in a way that allows for integration into a portfolio that is seamless.” By comparison, “ETFs have proven themselves to be a preferred and growing investment alternative thanks to the fact they offer a lower cost, liquidity and tax efficiency that direct investments may not, especially in nascent vehicles like Bitcoin.” Ervin told Cointelegraph that he likes the idea of an ETF for things like gold or silver, but for him, “Wrapping bitcoin up into a fund seems silly to me.” He added:

“There is no doubt that it is a better vehicle than a closed-end product, and competition will bring better fees and price discovery, but I don’t think most investors realize that they can buy Bitcoin directly without worrying about the cumbersome burden and costs of a fund.”
“Bitcoin doesn’t need an ETF”?
All in all, it looks like a U.S. crypto ETF will eventually come. As Reiners noted: “Regardless of their [the SEC’s] view on the merits of an ETF, if they are the lone holdouts, you have to wonder how much longer before they cave to the immense pressure and interest for an ETF.”

Under present circumstances, a U.S. government-approved Bitcoin exchange-traded fund may not be the game changer that some once predicted. A year ago, most didn’t anticipate the current institutional absorption of digital assets.

As Macrae Sykes, portfolio manager and research analyst at Gabelli Funds — an investment management firm — told Cointelegraph, institutional interest in cryptocurrency continues to grow. Coinbase’s initial public offering filing and Bank of New York Mellon’s recent announcement that it will support digital currencies offer further evidence of potential growing demand: “The ETF approval in Canada is just another step in the evolving regulatory process for accessing digital assets.”

“Bitcoin doesn’t need an ETF,” Venuto told Cointelegraph. Still, even if no longer a game changer, there is little for a crypto enthusiast not to like about an SEC-sanctioned crypto ETF: “Access is access and the more access to the asset class, the better,” said Ervin. After all, “Not everyone wants to own bitcoin directly.”

Source: https://cointelegraph.com/news/bitcoin-eft-may-come-to-us-but-not-all-crypto-investors-think-it-s-needed

13
The price of Bitcoin remains stuck in a downtrend after failing to close above $50,000.

Bitcoin traders worry as BTC price remains pinned below $50KMARKET UPDATE
The price of Bitcoin (BTC) has failed to break above the psychological $50,000 resistance going into the weekend and has dropped below the $48,000 level on March 6.


BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview
Now traders are watching whether BTC/USD can break above the $50,000 level to resume the bull cycle. Conversely, a drop below the recent lows below $46,000 will likely open the door to new lower lows, which may then pose a threat to the bull run that has been in place for almost a year, at least in the short to medium term.

Pseudonymous trader Rekt Capital pointed out similar price levels to watch. If BTC fails to hold the current levels above $46,000, the trader expects Bitcoin to bottom somewhere in the area between $38,000 and $45,000 despite Bitcoin posting higher lows in recent days.

"BTC higher lows hold until they don't," he wrote. "Each subsequent reaction from the January HL was lesser and lesser. Could be the same now. Better to be safe than sorry by preparing for a potential breakdown from this HL."


One major factor that's likely causing the current downward pressure on price is an uptick in whales' activity. Data from CryptoQuant shows an increase in large transactions to exchanges on March 6, though miners' activity remains relatively low.

As shown in the chart below, previous upticks in whales moving funds to exchange coincided with drops in Bitcoin price on March 3-4. 


Whales (blue) vs. Miners (orange) vs. BTC price (red). Source: CryptoQuant
Macroeconomic headwinds for Bitcoin
As Cointelegraph reported, Bitcoin is also facing downward pressure from macroeconomic headwinds. A sharp spike in 10-year U.S. Treasury yields and a pullback in tech stocks, in particular, are weighing on cryptocurrency prices as investors flee risk-on assets.

Meanwhile, the Dollar currency index, or DXY, has broken through technical resistance, hitting the highest levels since November 2020.


BTC (blue) vs. DXY (orange). Source: Tradingview
Cointelegraph Markets analyst Michael van de Poppe points out that Bitcoin's downtrend remains intact after the latest attempt to break $50,000 failed.

"This means that the trend is still down and overall weakness on the markets in the short term," he explained. "$50,000 is so far a no-go for Bitcoin."

However, Bitcoin, as well as gold, may see some respite soon as the DXY and Treasury yields are nearing their own technical resistance levels. 

"I believe that the yields are getting topped out relatively soon including the DXY," explained van de Poppe. "Both are in resistance areas, which means that we should be close to a top formation on these two, but also on a bottom formation for Bitcoin and gold relatively soon."

He added:

March is often a bad month for markets and history repeats itself. So macro-wise, we're still bullish on the cycle and heating up for continuation, despite the recent interest in yields."

Source: https://cointelegraph.com/news/this-is-not-good-says-bitcoin-trader-as-btc-price-remains-pinned-below-50k

14
Nowadays, Bitcoin is one of the most valuable virtual asset we can posses. Hackers are searching for our treasure which is Bitcoin  because it is more valuable than gold. Are you ready to defend your Bitcoins at all costs?

They are Cyberpunk. Who is really good at technology and get the digital assets of others.

15
Sorting Box / Re: What scares the beginners in crypto?
« on: March 02, 2021, 02:42:21 PM »
Let's go back to the early days when you heard of "Bitcoin" or "ICO" or some weird project like "OneCoin", "Bitconnect"... How did you feel? What fear do you have when entering this new but potential market?

I will list here a few fears you might face:
+ do not know where to start, how to do;
+ lose money in a scam project;
+ has a reputation for being a fraudster;
+ waste time in vain;
+ crypto wallet will be hacked;
+ the account will be locked;
+ transaction costs are too high;
+ don't know which exchange to choose;
+ do not know who to trust;
+ don't sell when the price is high, don't buy when the price is low;
+ token devaluation;
...
What fears have you faced when you first entered the crypto market, please share your experience.

Good topic. +1
Sometimes the problem is actually is that it is really hard to understand Cryptocurrency. Though there are info from internet still it is really hard to digest.

Pages: [1] 2 3 ... 30
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod