QR Capital, the largest asset management firm in Latin America is all set to launch the continent’s first Bitcoin ETF. The new Bitcoin ETF would be launched on the Brazilian Stock Exchange on June 23rd with 100% Bitcoin exposure. The Bitcoin ETF will be launched in association with BTG Pactual, Easyinvest, Órama, Vitreo, Modal Mais, and Inter.

The new Bitcoin ETF would use CME CF Bitcoin Reference Rate, the same index used by CME for its Bitcoin Futures contract. QR Capital claims the new Bitcoin ETF would help those investors who don’t qualify to invest in funds with 100% allocation in BTC under new guidance from CVM, Brazilian Securities and Exchange Commission. The investment in an official statement said,

QBTC11 allows investors to protect themselves from foreign exchange risk by exposing themselves to a highly liquid dollarized asset – bitcoin, the largest of all cryptocurrencies, has a daily turnover of more than R$100 billion, or about 4 times its volume. B3. In addition, as an innovation in the market, the digital currency has a low correlation with other asset classes, which helps in diversifying the investment portfolio,

This would the second crypto ETF listing on Brazil’s stock exchange, the first listed product was HASH11, which offered exposure to a basket of crypto assets to traders.

Latin and North America is Increasingly Adopting Bitcoin Mainstream Products
Latin America is all set to launch its first 100% backed Bitcoin ETF later this month, on the other hand, North America became the first continent to approve and launch a Bitcoin ETF in the form of Purpose Group Bitcoin ETF. The first Bitcoin ETF turned to be a massive hit as the fund has accumulated nearly a billion dollars in Bitcoin.

The success of the first Bitcoin ETF also paved the path for other crypto-based ETFs in North America. At present, there are more than 5 cryptos ETFs listed on the Canadian stock exchange.

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কিছুদিন যাবত আমরা দেখতে পাচ্ছি মার্কেট অনেকটাই নিম্ন পর্যায়ে চলে এসেছে। মার্কেট সব সময় 32 হাজার ডলার থেকে 40 হাজার ডলার এর মধ্যে অবস্থান করছে।
22,550 বিটকয়েন সামগ্রিকভাবে গতকাল এক্সচেঞ্জ থেকে প্রত্যাহার করে।  এটি এই বছরের মধ্যে সবচেয়ে বড় নেট প্রবাহ। net-Outflow

প্রথমেই Inflow ও Outflow এই দুইটি শব্দটির সাথে পরিচয় হই।  Inflow মানে কোনো ব্যক্তি কিংবা প্রতিষ্ঠান নিজেদের ওয়ালেট থেকে বিটকয়েনকে এক্সচেঞ্জে ডিপোজিট করতেছে লিকুইডেট/বিক্রি করার জন্য এবং Outflow  মানে এক্সচেঞ্জ থেকে কোনো ব্যক্তি কিংবা প্রতিষ্ঠান বিটকয়েনকে নিজেদের ওয়ালেটে উইথড্র করেছে হোল্ডিং করার জন্য। এখন আসি উপরের দেয়া চিত্রটিতে, glassnode এর ওই চিত্রটি হলো Net inflow and outflow graph, যার মানে হচ্ছে, সবুজ রঙের গ্রাফটি হলো inflow কিংবা এক্সচেঞ্জে ডিপোজিট হওয়ার নির্দেশক এবং লাল রঙের গ্রাফটি হলো outflow কিংবা এক্সচেঞ্জ থেকে কেউ বিটকয়েন ক্রয় করার পর নিজের ওয়ালেটে উইথড্র করেছে ।
রিভিউ মাস্টার ভাই কে আমি অসংখ্য ধন্যবাদ জানাচ্ছি এরকম একটি ভুল ধরিয়ে সংশোধন করার জন্য। আসলে আমার প্রথমে কাজ ছিল এ বিষয়ে সম্পর্কে বিস্তারিত আলোচনা করার।

 বিটকয়েনের দাম 32 হাজারের নিচে নামলে কি হতে পারে আপনার ধারণা?

বর্তমানে বিটকয়েন মার্কেটের এনালাইসিস ফলো করলে দেখা যাবে 32 হাজার ডলারে বিটকয়েনের শক্তিশালী একটি সাপোর্ট জোন রয়েছে। বিটকয়েনের দাম যদি 32 হাজার ডলারের নিচে নেমে যায় তাহলে বিটকয়েন এর আরেকটি সাপোর্ট জন রয়েছে 30000 ডলার এ । মার্কেট যদি 32 হাজারের নিচে নামলে অবশ্যই 30000 এ টাচ করবে। আবার বিটকয়েন মার্কেটের 27000 এবং 25 হাজার ডলারে শক্তিশালী একটি সাপোর্ট জোন রয়েছে। যেখান থেকে বোঝা যাচ্ছে মার্কেট আর বেশি নিম্ন পর্যায়ে চলে যেতে পারে না। মার্কেট অতি তাড়াতাড়ি তাদের পূর্বের অবস্থানে ফিরে যাওয়ার সম্ভাবনা রয়েছে।

Blue Ocean Mining Global Launch

Blue Ocean Mining (BOM) is led by large global miner communities in Germany, South America, South Korea, Southeast Asia, etc., joining forces with globally operating mining farms, traditional finance and DeFi concepts, to build a decentralized hash power NFT tokenization and trading platform.

BOM.finance aims to build a one-stop integrated decentralized cloud mining platform for retail users to solve the high threshold of participation caused by the global pandemic and various national policies. At the same time, it provides hash power liquidity for retail users through NFT tokenization, to solve the pain points of many users participating in mining.

BOM.finance encourages users worldwide to participate in the platform governance, and allows users access to strong liquidity through the exchange of tokenized hash power.

BlueOcean Platform Functions:

– Trading of BlueOcean NFT products:  Hash power NFTs can be sold on the platform after being approved through DAO on-chain voting. Two sales forms, fixed price and auctions are supported.

– BlueOcean NFT Farming: All users can commit hash power NFTs in farm groups to obtain BOM tokens. 

– Blue Ocean Store: In the BlueOcean Store, users can obtain the NFT certificate from a “mystery box mining machine”. 

– BlueOcean NFT-Collateralized Loan: Users commit the hash power NFT’s mining income until a certain date to receive a loan in USDT and can repay the principal and interest as it matures.

BlueOcean Governance Token: BOM
BOM is the platform governance token, through which holders can participate in the development and governance of the platform. Any miner who achieves exclusive ownership by burning and using BOM can participate in the “ocean paradise” ecosystem development.

BlueOcean will be the first to support the merger of the traditional mining industry with DeFi innovation. Successively, it will release traditional games, music and videos, artworks, and expand BlueOcean to eco-friendly NFTs through “build your paradise”. BOM will be a powerful incentive for users users, as well as establish a new generation of innovative blockchain projects into practice through NFT + actions + DeFi.

BlueOcean’s business and service fee profits in will be redistributed to the community through buyback and burning, buyback and airdrop, replacement and renewal of NFTs.

Platform incentives will be distributed via a smart contract

· 40% of platform revenue directly go to the BOM liquidity pool

· 30% of platform profits are used for buyback and burn

· 20% of platform profits are used to connect core community promoters with miners

· 10% is used for early community and core code contributor incentives

 BOM’s total supply is 80 million tokens.

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The team of Vietnam-based KardiaChain, an interoperable, self-optimized blockchain ecosystem, has announced the V1 launch of KAIDEX, its decentralized exchange (DEX) for native KRC20 tokens, and KAI.

The launch of KAIDEX V1 marks the completion of phase 4 in the KAIDEX roadmap. KAIDEX V2 with cross-chain trading features will be introduced later this month.

KAIDEX is available in a web version, browser extension, and within the Kardia wallet mobile app.

“All KAI lovers and KAI-lovers-to-be are now able to enjoy a decentralized trading experience from any device. The KAIDEX integration on the KardiaChain mobile wallet is the result of our mobile-first mentality for all users. KAI holders can now manage, stake, and trade on their phones simultaneously within one single app.”
– The KardiaChain Team

In this V1 launch, KAIDEX’s available features include:

Full support for KRC20 tokens and native KAI pairs.
Slippage tolerance customization.
Liquidity pool management.

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After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher.

A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47 million in inflows, bringing its market dominance up to 27%.

DeFi growth supports higher Ether prices
Another positive factor is that DeFi protocols maintain a $48 billion total value locked (TVL) even though the sector took a substantial hit after the recent Ether price crash.


Ethereum network net value locked on smart contracts. Source: DeBank
The 57% increase over the past three months should please even the most optimistic investors, but crypto traders notoriously exaggerate whatever situation took place over the most recent weeks. Therefore, as Ether dropped from the $4,380 all-time high on May 12, traders quickly scrambled to set up protective puts down to $400.

On the other hand, the much-anticipated transition to a proof-of-stake consensus model could be the root of the positive expectations. The EIP-1559 improvement proposal set for next month is another significant stepping stone, and some traders have price targets ranging from $4,000 to $10,000.

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The eccentric self-made billionaire that runs Tesla and SpaceX, Elon Musk, has again added oil into the fire about accusations of Bitcoin price manipulation made by the community against him.

In the comment thread to his Friday tweet, in which he posted the breaking up couple with an emoji of Bitcoin and of a broken heart, he has just responded, agreeing to a “Mr. Whale” who has supported him against the wrath of the Bitcoin community.

The user has tweeted that on the one hand Bitcoiners swear that BTC price cannot be manipulated at all and on the other hand they accuse Musk of moving the price up and down with his tweets.

“Mr.Whale” has called these accusations “peak hypocrisy”. Musk seems to agree to that.

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Still, Friday’s Musk’s tweet on Bitcoin pushed the price down over three percent. His earlier tweet, in which Musk stated that Tesla has got “diamond hands” and does not sell BTC, made the largest crypto surge.

Earlier today, the Tesla CEO again put his favorite anime girl with Bitcoin-themed clothes on his Twitter profile picture.

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Quick Take
Crypto market making firm has committed to making its whole business carbon neutral through carbon credits.
Half of its bitcoin mining operations are already powered by hydroelectricity; it will use carbon credits to offset the other half.
Crypto market-making firm GSR has committed to using carbon credits to make its entire business carbon neutral, according to an announcement Thursday.  This will also include its recently launched bitcoin mining business, which is already powered in part by hydroelectric energy.

Hong Kong-based GSR is one of the oldest liquidity providers in the crypto space. According to the firm, it provides more than $1 billion in liquidity per day for more than 50 crypto protocols and some of the biggest crypto exchanges. It said it has 500 institutional clients and is involved in the over-the-counter market for cryptocurrency options trading.

The firm has been steadily growing its bitcoin mining operations since they began in the first half of 2020. While the firm declined to state its current hash rate, or computing power, according to previous reporting by The Block, its custom products produced an annualized run rate — projected yearly revenue — of $250 million by the end of 2020.

To offset its carbon emissions, GSR has partnered with environmental platform MOSS, which uses blockchain technology to make carbon credits easier to buy. MOSS works by turning its carbon credits into MCO2 tokens on the Ethereum blockchain. When these tokens are bought and burned (sent to an inaccessible address), this offsets 1 ton of CO2, according to the company.

GSR will buy tokenized carbon credits for the Fortaleza Ituxi Project, which finances projects that prevent deforestation. The project, which started in 2013, reduced an estimated 11.8 million tCO2 of greenhouse gas emissions within two years. The firm declined to state how many carbon credits it expects to purchase.

According to GSR, half of its bitcoin mining operations are already powered by hydroelectricity. The firm plans to use carbon credits to offset the other half.

GSR anticipates that it will expand its North American bitcoin mining operations in the second half of 2021, with a plan to use clean energy sources. In the long run, it hopes to evolve its mining operations away from carbon credits, to becoming fully carbon neutral through renewable energy.


© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Bitcoin whales have started accumulating again and one particular whale that dumped a major share at the near-perfect top was seen buying again. Whales buying and selling is seen as a major market sentiment indicator as these whales often dump on market in anticipation of a price crash and start buying when they believe the market has reached a potential price bottom. Thus, the current buying spree seen among whales could indicate Bitcoin price bottom might be near.
The whale who dumped thousands of $BTC at the near perfect top

has been buying the last weekshttps://t.co/FPa3ALgdWn#BTC #bitcoin @DocumentingBTC @BTC_Archive pic.twitter.com/srLYcqupL9

— tehMoonwaLkeR (@tehMoonwalkeR) June 1, 2021

Bitcoin price registered its first red monthly candle in May this bull season, a month that saw the price fall 50% from the all-time high of $64,685. BTC is currently trading just above $36,000, consolidating under 40,000 for nearly three weeks now. The coming month could see a possible trend reversal after breaking the key resistance of 40,000 and whale accumulation could become the possible catalyst.

The first week of May saw the crypto market bleed more than $500 billion of its $2 trillion market cap. While analysts have been predicting a market sell-off of such magnitude for quite some time owing to continuous 5 months long bullish momentum, the correction took many by surprise.

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