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Ethereum News & Updates / DeFi and Eth2 are whole new convos for regulators

« on: December 06, 2020, 02:21:31 PM »

DeFi and Eth2 are whole new convos for regulators, says SEC's Hester Peirce

United States SEC Commissioner Hester Peirce wants to focus on new guidance for DeFi and future Ethereum projects.

Hester Peirce, commissioner for the United States Securities and Exchange Commission, explained during an exclusive interview with Cointelegraph that decentralized finance, also known as DeFi, has created new challenges for the SEC.

Peirce, nicknamed “Crypto Mom” for her interest in digital-asset innovation, mentioned that the quickly rising DeFi sector has resulted in a number of unresolved legal issues:

Although Peirce shared that regulations around DeFi projects may fall outside of the SEC’s purview, some of these projects will likely touch on securities laws. To Peirce’s point, John Whelan — managing director of Santander Bank and chair of the Enterprise Ethereum Alliance — told Cointelegraph that from a financial perspective, DeFi has the potential to enable autonomous programmable digital securities in the future.

However, this remains a long-term goal, as most DeFi offerings consist of tokens that lack liquidity and are used to fund blockchain projects. Still, Peirce advised caution to those involved in the DeFi space. During a fireside chat with Whelan for the "Ethereum in the Enterprise — Asia Pacific" online conference, Peirce mentioned that the crypto community must be cautious when building DeFi projects

More:here

Ethereum News & Updates / Celsius’ CEO thinks Ethereum could lose its market dominance

« on: December 06, 2020, 02:17:20 PM »

Celsius’ CEO thinks Ethereum could lose its market dominance if this doesn't happen

It's a possible hurdle to cross, but it could take some time.

Ethereum 2.0 recently fired up its Beacon Chain, concluding Phase 0 of a scaling effort years in the making. Although he expressed faith in Eth2, Celsius CEO and founder Alex Mashinsky believes that the network could lose its spotlight if it doesn’t scale quickly and significantly.

“Ethereum needs to prove it can scale its transactions 100x without compromising on security or decentralization,” Mashinsky told Cointelegraph when asked about Eth2’s next hurdle after its Beacon Chain launch. “If it fails to scale, Cardano and Polkadot will take over.”

As of Thursday, Ethereum’s network hosts about 13 transactions per second, according to data from Blockchair. A 100-times increase from now would total roughly 1,300 TPS.

Ethereum has served as the top network for building decentralized applications over the past several years. In 2020, the decentralized finance, or DeFi, boom has largely taken place on Ethereum, as well. This surge in activity has led to high network traffic that has at times resulted in soaring fees — a scaling problem seen on previous occasions as well.

With Ethereum 2.0's shift to a proof-of-stake mining algorithm, scaling advancements should soon be on the horizon. Ethereum co-founder Vitalik Buterin previously said that he believes the network can scale to 100,000 transactions per second.

The network’s upgrade, however, faced months of delays before achieving Phase 0 earlier this week. MyEtherWallet’s founder said he expects Eth2’s next phases will take years to fully play out. Mashinsky did not give a specific time estimate, but he did give his vote of confidence in the network upgrade as a whole.

“I am a big believer in ETH 2.0, even if it will take longer than expected to scale and solve all the bugs,” he said.

At approximately $590 apiece at the time of publication, Ethereum’s native token, Ether (ETH), also plays into the equation. Phase 0 required interested parties to lock up at least 32 ETH each, with a total of 524,288 ETH needed for the Beacon Chain launch. Because the ETH must remain locked until Phase 2 hits, which could be years from now, one might wonder how ETH’s price might factor into Eth2’s advancement.

Eth2’s completion of Phase 0 also came amid a rising crypto bull market, which recently saw Bitcoin (BTC) break its previous all-time high.

More:here

Ethereum News & Updates / Ethereum fund to debut on the Toronto Stock Exchange

« on: December 06, 2020, 02:12:31 PM »

Ethereum fund to debut on the Toronto Stock Exchange

First conceived by Vitalik Buterin in Ontario, Ethereum is now available to Canadians in the form of an ETF.

Next week, Canadian digital asset investment manager 3iQ will be launching an IPO of an Ethereum exchange-traded trust, The Ether Fund, on the Toronto Stock Exchange (TSX) under the ticker QETH.U.

The maximum offering for the launch is $100 million, and the closing date of the offering will be no later than December 10, 2020. 3iQ counts more than $400 million CAD under management, and maintains a focus on Bitcoin, Litecoin, and Ethereum.

In a press release on Thursday, 3iQ noted that this listing comes with a patriotic backstory.

“The concept of Ethereum was developed in Canada in 2013 and subsequently launched by a group of technologists from all over the world,” the company said.

Ethereum’s co-founder and figurehead, Vitalik Buterin, is Canadian-Russian, and his family moved to Toronto when he was six years old.

Traders south of Canada’s borders have demonstrated a remarkable appetite for publicly available Ethereum investment vehicles. Despite a price premium which at points creeped upwards of 500% relative to net asset value for ETHE, Grayscale’s Ethereum trust, the digital assets behemoth reports that more and more investors have been piling in.

These funds and trusts are the preferred investment method for many traders who are unable or unwilling to provision their own cryptocurrency custody and security options.

Additionally, traders have enjoyed a proliferation of new fund offerings across the globe in recent months. In November alone, Gold giant VanEck launched a Bitcoin exchange traded note product in Germany, the VanEck Vectors Bitcoin ETN, and 3iQ also introduced The Bitcoin Fund to Canada.

More:here

Ethereum News & Updates / Grayscale: Ethereum Is Getting More Attention

« on: December 06, 2020, 02:00:26 PM »

Grayscale: Ethereum Is Getting More Attention Beyond The Software Developers’ Realm

For years, Ethereum has largely been viewed as a platform for software programs to showcase their prowess in developing dApps for the blockchain industry. Not much attention was paid to the crypto’s price especially before the bull run of late 2017. Now, Grayscale says that Ethereum is garnering more attention even as Bitcoin graces the spotlight for its recent price gains.

Grayscale Investments LLC is a crypto investments fund managing crypto assets for customers. It mainly focuses on Bitcoin and Ethereum investments. According to Grayscale’s managing director, Michael Sonnenshein, Ethereum is getting more attention despite the fact that Bitcoin has long been the favored investment option for investors. Notably, Ethereum is the most active blockchain network in the industry.

While expressing his views during an interview, Michael pointed out that the crypto industry is currently seeing new investors who have a particular fixation on Ethereum. A lot of these investors either take ETH as the first investment option or go all-in with it as their only crypto investment. This is a sign that people are now beginning to look at Ethereum just like Bitcoin maximalists have a basic attraction to BTC. This has accorded Ethereum stronger support as a viable asset class.

Also, the fact that the network was successful in getting users to pool enough currency to support an upgrade means that it still maintains a good and respectable status as a leader. A recent spike in DeFi has greatly contributed to this goal.

Bitcoin is up 170% since the start of 2020, and that’s what has been causing a lot of buzz in the market. However, Ethereum has performed way better, having locked in a cool 360% gain since the beginning of the year. The rise of DeFi platforms running on the Ethereum blockchain has powered this hike.

The crypto space has been known to be volatile, and that explains why ETH is currently trading at around $595, a figure less than the $937 high of February 2018. Still, the fact that the network has remained one of the top in the industry means that its power is comparable to that of Bitcoin. As Michael puts it, ”Ethereum has along the same lines of the staying power than Bitcoin has.”

More:here

Balita Cryptocurrency / Sa Palagay ni Steve Forbes Ang Bitcoin Ay Maging Kwalipikado

« on: December 06, 2020, 01:47:21 PM »

Sa Palagay ni Steve Forbes Ang Bitcoin Ay Maging Kwalipikado Bilang Isang Tindahan Ng Halaga, Mga Roots Para sa Ginto

Ang Bitcoin ay hindi mabubuhay bilang isang tindahan ng halaga.

Ayon iyon kay Steve Forbes, Editor-in-Chief ng Forbes Magazine. Tila, si Steve ay para sa Ginto bilang isang pangmatagalang tindahan ng halaga. Gayunpaman, sumasang-ayon siya na ang pangunahing tagumpay ng Bitcoin ay nagmumula sa mga pagkilos ng mga gitnang bangko sa pamamagitan ng pag-print ng maraming pera at sanhi ng implasyon. Si Steve Forbes ay nagbabahagi ng kanyang saloobin sa pamamagitan ng kanyang channel sa YouTube na pinangalanang "What's Ahead."

Si Steve Forbes ay anak ni Malcolm Forbes na siyang naglathala ng magasing Forbes, itinatag ng kanyang amang si B. C. Forbes. Tulad nito, lumaki si Steve sa isang mayamang pamilya at ngayon ay pinamamahalaan ang magazine. Si Steve Forbes ay hindi isang ekonomista, kaya ang kanyang mga paniniwala ay pansarili lamang na opinyon na hindi sinusuportahan ng anumang propesyonal na pagsusuri.

Sa palagay ni Steve, ang pagiging pabagu-bago ng Bitcoin ay ginagawang hindi angkop para sa pangmatagalang paghawak ng kayamanan. Sa puntong iyon, iniisip ni Steve na ang nangungunang barya ay hindi tamang pagpili ng isang pag-aari upang mapanatili ang yaman ng pamilya.

Sa katunayan, ang presyo ng Bitcoin ay nakakita ng ilang mga tagumpay at kabiguan sa mga nakaraang taon, ngunit ang isang pagtingin sa mas malaking mga pagpapakita ay inilalantad na ang crypto ay palaging nagdaragdag ng halaga.

Ang kasalukuyang halaga ng Bitcoin ay mas mataas kaysa sa 5 taon na ang nakalilipas. Sa katunayan, ang pagtaas ng halaga ng Bitcoin ay gumawa ng ilang mga tao na bilyonaryo. Ang isang kaso sa punto ay ang kambal na Winklevoss.

Nagpatuloy si Steve na magtaltalan na ang isa sa mga malaking hadlang na pumipigil sa Bitcoin mula sa pagiging isang mahusay na tindahan ng halaga ay ang limitasyon sa supply nito.

Ang limitasyon sa suplay ng BTC ay na-cap sa 21 milyong barya lamang. Sa kabilang banda, ang pandaigdigan na supply ng Gold ay tataas sa isang rate ng 2% bawat taon.

Gayunpaman, hindi binanggit ni Steve na, tulad ng Bitcoin, ang supply ng Gold sa mundo ay hindi talagang walang hanggan tulad ng karaniwang inaangkin. Sa isang punto, ang supply nito ay mababawasan din.

Si Steve Forbes ay hindi ganap na naalis ang Bitcoin bilang isang tindahan ng halaga. Sumasang-ayon siya na maaaring i-iron ng crypto ang mga quandary nito at lumabas sa tuktok sa ilang mga punto sa hinaharap, "ngunit ang araw na iyon ay wala pa rito." Ang Bitcoin ay maaaring napakahusay na magbabago sa bagong Ginto.

More:here

Balita Cryptocurrency / Ang Bitcoin Ay Malapit Na Kumuha ng Isang Crazy North-Bound Rocket Ride

« on: December 06, 2020, 01:42:01 PM »

Ang Bitcoin Ay Malapit Na Kumuha ng Isang Crazy North-Bound Rocket Ride

Ang hinaharap ng Bitcoin ay maliwanag, kung nais mo ito o hindi. Ayon iyon sa isang bilyonaryong ang talino sa negosyo ang gumawa sa kanya ng maraming pera. Si Paul Tudor Jones ay naging isang seryosong namumuhunan, at ngayon ay binabaling niya ang kanyang matalim na titig sa merkado ng Bitcoin. Sa katunayan, si Tudor Jones ay kasalukuyang isa sa pinaka tinig na mga ebanghelista ng Bitcoin sa paligid.

Sa isang panayam kamakailan sa Yahoo! Ang pananalapi, ang bilyonaryo ay nagpahayag ng kanyang walang katapusang optimismo para sa hinaharap na tagumpay ng Bitcoin. Ayon sa kanya, ang tanging paraan ng paglipat ng Bitcoin mula ngayon ay ang Hilaga. Gayunpaman, kinilala niya na ang crypto ay makakakita ng ilang mga pagtaas at kabiguan habang patungo sa pinakadulo na rurok nito. Normal iyon para sa anumang pag-aari.

Nagpapatuloy, hinulaang ni Jones na ang merkado ng Bitcoin ay nagkakahalaga ng isang cool na 8 hanggang 9 trilyong dolyar sa susunod na 20 taon. Katabi nito ang katotohanan na halos imposibleng makakuha ng isang perpektong projection ng merkado sa tagal na iyon. Ang lubos na pagtitiwala sa pagsasalita ni Jones ay isang palatandaan na kahit na ang malalaking namumuhunan ay kasama ng Bitcoin sa mahabang paghawak, at maaari lamang itong bigkasin ang magandang balita. Sa katunayan, maraming tao ang nagpasiya na, sa ilang mga punto sa hinaharap, maaaring agawin ng Bitcoin ang posisyon ni Gold bilang pinakapaboritong asset para sa isang tindahan ng halaga.

Sa ngayon, ang kabuuang takip ng merkado ng Bitcoin ay nakatayo sa mga natitirang merkado, na umaabot sa higit sa $ 353 bilyon. Sa nangungunang barya na nagkakahalaga na ngayon ng humigit-kumulang na 19,005, ang BTC ay nakatakda nang magtakda ng isang bagong ATH. Ang crypto ay nag-uutos ngayon ng isang 62.6% na bahagi ng merkado sa puwang ng crypto.

More:here

Balita Cryptocurrency / 'Magpadala ng BTC' - Sinabi ng on-chain analyst na isang Bitcoin hodlers

« on: December 06, 2020, 01:30:49 PM »

Magpadala ng BTC' - Sinabi ng on-chain analyst na isang Bitcoin hodlers

Ayon sa on-chain analyst na si Willy Woo, ang presyo ng Bitcoin (BTC) ay maaaring makamit ang isang "konserbatibo" na target na $ 200,000 noong 2021. Ang hula ay umiikot sa katotohanan na ang mga matagal nang namumuhunan ay tila mas tiwala sa kasalukuyang rally.

Mayroong dalawang pangunahing mga puntos ng data na nagpapahiwatig na ang patuloy na rally ng Bitcoin ay maaaring sumabog nang mas mataas. Una, ang “HODLers,” o matagal nang may hawak ng BTC, ay hindi inililipat ang kanilang pondo nang mas mahaba kaysa sa mga nakaraang rally. Pangalawa, ang BTC na gaganapin sa palitan ay patuloy na bumababa, na binabawasan ang presyon ng pagbebenta.

Ang muling akumulasyon ng Bitcoin ay nanatiling isang tuloy-tuloy na trend sa bullish sa buong 2020. Patuloy na nabawasan nito ang presyon ng pagbebenta sa BTC, na pinapayagan ang isang mas matatag na rally nang walang pangunahing 30% -40% na mga pagwawasto tulad ng madalas na nakikita sa 2017.

Nabanggit ni Woo na siya ay naka-bullish para sa 2021 sapagkat ang yugto ng muling akumulasyon ng Bitcoin ay nangangahulugang ang halaga ng BTC na maibebenta ay mas mababa kumpara sa nakaraang siklo ng toro.

Tulad ng iniulat noong Mayo, sinusuportahan din ng data ng alon ng Bitcoin HODL ang argument na hindi binebenta ng HODLers mula sa 2017-2018 bull cycle sa medyo mataas na mga presyo, kabilang ang mataas na net na nagkakahalaga ng mga indibidwal o "balyena."

Gayunpaman, iminumungkahi din ng data na ito na ang ilang mas naunang HODLers mula tatlo hanggang pitong taon na ang nakakalipas ay kumukuha ng kita pagkatapos ng isang matagal na rally ng BTC, na nagpapataas ng mga pagkakataon ng isang pagwawasto sa maikling panahon.

More:here

Balita Cryptocurrency / 3 pangunahing sukatan upang panoorin habang sinusubukan ang presyo ng Bitcoin

« on: December 06, 2020, 01:20:15 PM »

3 pangunahing sukatan upang panoorin habang sinusubukan ng presyo ng Bitcoin na itaas ang $ 20,000

Sa nakaraang linggo, ang presyo ng Bitcoin (BTC) ay nanliligaw sa markang $ 20,000, na humantong sa ilang mga negosyante na mawalan ng pasensya. Sa paningin ng ilang mga mangangalakal, ang kakulangan ng momentum ng bullish ay may problema, lalo na isinasaalang-alang na sinubukan ng BTC ang antas na $ 16,200 halos isang linggo.

Alam ng mga nakaranasang mangangalakal na mayroong mga pangunahing tagapagpahiwatig na nagsisilbing nagsasabi ng mga palatandaan ng isang pagbaligtad ng trend. Ito ang mga volume, ang futures premium, at mga nangungunang posisyon ng mga mangangalakal sa pangunahing palitan.

Ang isang maliit na negatibong tagapagpahiwatig ay hindi mauuna sa bawat paglubog, ngunit may ilang mga palatandaan ng kahinaan nang mas madalas kaysa sa hindi. Ang bawat negosyante ay may sariling system, at ang ilan ay kikilos lamang kung ang tatlo o higit pang mga bearish na kondisyon ay natutugunan, ngunit walang itinakdang panuntunan para malaman kung kailan bibili o magbebenta.

Ang ilang mga website ay nagho-host ng mga tagapagpahiwatig ng kalakalan na inaangkin na ipinapakita ang long-to-maikling ratio para sa iba't ibang mga assets, ngunit sa totoo lang, ihinahambing lamang nila ang dami ng mga bid at alok na nakasalansan.

Ang iba ay magre-refer sa data ng leaderboard, samakatuwid ang pagsubaybay sa mga account na hindi nag-opt-out mula sa pagraranggo, ngunit hindi ito tumpak.

Ang isang mas mahusay na pamamaraan ay upang masubaybayan ang panghabang buhay futures (kabaligtaran swap) rate ng pagpopondo.

Ang bukas na interes ng mga mamimili at nagbebenta ng mga walang hanggang kontrata ay naihahambing sa lahat ng oras sa anumang kontrata sa futures. Walang simpleng paraan na maaaring mangyari ang isang kawalan ng timbang, dahil ang bawat kalakal ay nangangailangan ng isang mamimili (mahaba) at isang nagbebenta (maikli).

Tinitiyak ng mga rate ng pagpopondo na walang imbalances sa peligro sa palitan. Kapag ang mga nagtitinda (shorts) ang humihiling ng mas maraming leverage, negatibong rate ng pagpopondo. Samakatuwid, ang mga mangangalakal na iyon ay ang magbabayad ng mga bayarin.

Walang itinakdang panuntunan o pamamaraan para sa paghula ng malalaking paglubog dahil kinakailangan ng ilang mga mangangalakal na maging maraming bearish bago sila pumasok ng maikling posisyon o isara ang kanilang mahabang posisyon.

More:here

Balita Cryptocurrency / Maaari Ka Nang Magbayad para sa Spotify's gamit bitcoin

« on: December 06, 2020, 01:12:03 PM »

Maaari Ka Nang Magbayad para sa Spotify's Audio Streaming Subscription gamit ang Bitcoin

Ang Bitcoin ay nakakakuha pa rin ng higit na katanyagan, at ang industriya ng crypto sa pangkalahatan ay nanalo ng mga puso at isipan. Ang Spotify ay ang pinakabagong pananakop ng emperyo ng crypto. Tila, ang serbisyong audio streaming ay kasalukuyang nagmumula sa isang plano upang simulang tanggapin ang mga pagbabayad sa Bitcoin mula sa mga subscriber.

Ang plano ng Spotify ay magpapakilala ng buong 320 milyong malakas na baseng customer sa mga cryptocurrency, isang bagay na malaki ang kahulugan para sa industriya. Sa ngayon, sinabi ng mga ulat na ang koponan ng Payments and Innovation ng kumpanya ay naghahanap ng isang Associate Director na mamumuno sa pagbuo ng isang bagong balangkas para sa mga pagbabayad sa crypto. Ang kumpanya ay nagtapon ng maraming mga pahiwatig sa epekto na iyon.

Ayon sa Spotify, ang bagong kasapi ng koponan ay bibigyan ng tungkulin na maghanap ng mga bagong pagkakataon sa pagbabayad at magbigay ng mga makabagong solusyon sa pagkakaugnay na iyon. Talaga, ligtas na sabihin na ang pinakabagong pagbabago sa industriya ng pagbabayad ay tungkol sa cryptos at blockchain technology.

Batay doon, tutulong ang Direktor na bumuo ng mga oportunidad at pagbabago sa paggamit ng mga blockchain, CBDC, cryptos, stablecoins, bukod sa iba pang mga digital na assets. Sa kinakailangang iyon, malinaw na ang Spotify ay all-in na may mga cryptos.

Gayundin, ang inaasahang Associate Director ay kailangang magkaroon ng mahusay na karanasan sa teknolohiyang blockchain pati na rin mga digital assets (tulad ng cryptos).

Sa pamamagitan nito, nais ng kumpanya ang bagong kasapi ng koponan na tulungan itong ilabas ang isang solusyon sa pagbabayad ng crypto sa isang pandaigdigang saklaw. Kapansin-pansin, ang Bitcoin ay kasalukuyang ang pinakatanyag na crypto na naabot ang lahat ng sulok ng mundo. Mayroon na ngayong mga BTC ATM sa halos bawat kontinente. Iyon ang dahilan kung bakit ang Bitcoin ay magiging pinakaangkop para sa papel na ito.

Sumasali din ang Spotify sa Diem ng Facebook, isang koponan ng developer na nagpaplano ngayon upang lumikha ng isang sistema ng pagbabayad upang mag-host ng iba't ibang mga stablecoin.

Makatarungang isipin na bukod sa pagtanggap ng mga pagbabayad sa Bitcoin, ang Spotify ay maaaring makikipagtulungan sa Libra Association upang bigyan ang mga tagasuskribi nito ng higit pang mga pagpipilian sa pagbabayad. Alinmang paraan, ito ay isang mahusay na deal para sa BTC.

More:here

Bitcoin News & Updates / You Could Soon Pay for Spotify’s Audio Streaming Subscription with Bitcoin

« on: December 06, 2020, 01:05:55 PM »

You Could Soon Pay for Spotify’s Audio Streaming Subscription with Bitcoin

Bitcoin is still gaining more popularity, and the crypto industry at large is winning hearts and minds. Spotify is the latest conquest of the crypto empire. Apparently, the audio streaming service is currently mulling over a plan to start accepting Bitcoin payments from subscribers.

Spotify’s plan would introduce a whole 320 million strong customer base to cryptocurrencies, something that would mean a lot for the industry. At the moment, reports have it that the company’s Payments and Innovation team is looking for an Associate Director to lead the development of a new framework for crypto payments. The company threw lots of hints to that effect.

According to Spotify, the new team member will be tasked with looking for new payment opportunities and provide innovative solutions in that sense. Basically, it’s safe to say that the most recent innovation in the payment industry is all about cryptos and blockchain technology.

Based on that, the Director will help develop opportunities and innovations in the use of blockchains, CBDCs, cryptos, stablecoins, among other digital assets. With that requirement, it’s clear that Spotify is going all-in with cryptos.

Also, the expected Associate Director needs to have good experience in blockchain technology as well as digital assets (like cryptos).

With this, the company wants the new team member to help it roll out a crypto payment solution on a global scale. Notably, Bitcoin is currently the most popular crypto that has reached all corners of the world. There are now BTC ATMs on almost every continent. That’s why Bitcoin would be most suited for this role.

Spotify is also joining up with Facebook’s Diem, a developer team that’s now planning to create a payment system to host various stablecoins.

It’s fair to opine that besides accepting Bitcoin payments, Spotify could be teaming up with the Libra Association to give its subscribers more payment options. Either way, it’s a good deal for BTC.

More:here

Bitcoin News & Updates / 3 key metrics to watch as Bitcoin price tries to top $20,000

« on: December 06, 2020, 01:02:45 PM »

3 key metrics to watch as Bitcoin price tries to top $20,000

For the past week, Bitcoin (BTC) price has been flirting with the $20,000 mark, which has led some traders to lose their patience. In the eyes of some traders, the lack of bullish momentum is problematic, especially considering that BTC tested the $16,200 level roughly a week ago.

Experienced traders know that there are key indicators that serve as telling signs of a trend reversal. These are volumes, the futures premium, and top traders' positions at major exchanges.

A handful of negative indicators will not precede every dip, but there are some signs of weakness more often than not. Every trader has their own system, and some will only act if three or more bearish conditions are met, but there is no set rule for knowing when to buy or sell.

Some websites host trading indicators that claim to show the long-to-short ratio for various assets, but in reality, they are simply comparing the volume of the bids and offers stacked.

Others will refer to the leaderboard data, therefore monitoring accounts that did not opt-out from the ranking, but this is not accurate.

A better method is to monitor the perpetual futures (inverse swap) funding rate.

The open interest of buyers and sellers of perpetual contracts is matched at all times in any futures contract. There is simply no way an imbalance can happen, as every trade requires a buyer (long) and a seller (short).

Funding rates ensure there are no exchange risk imbalances. When sellers (shorts) are the ones demanding more leverage, the funding rate goes negative. Therefore, those traders will be the ones paying up the fees.

There is no set rule or method for predicting large dips as some traders require that multiple indicators turn bearish before they enter short positions or close their long positions.

More:here

Bitcoin News & Updates / 'It will send BTC' — On-chain analyst said

« on: December 06, 2020, 12:59:11 PM »

'It will send BTC' — On-chain analyst says Bitcoin hodlers are only getting stronger

According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a "conservative" target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally.

There are two key data points that suggest Bitcoin’s ongoing rally could explode higher. First, “HODLers,” or long-time BTC holders, aren't moving their funds for longer than in previous rallies. Second, BTC held on exchanges continues to decrease, which reduces selling pressure.

The re-accumulation of Bitcoin has remained a consistently bullish trend throughout 2020. It has continuously decreased the selling pressure on BTC, allowing a more stable rally without major 30%-40% corrections as frequently seen in 2017.

Woo noted that he is bullish for 2021 because Bitcoin’s re-accumulation phase means the amount of BTC that could be sold is much lower compared to the previous bull cycle.

As reported in May, Bitcoin HODL wave data also supports the argument the HODLers from the 2017-2018 bull cycle aren't selling at these relatively high prices, including high-net worth individuals or "whales."

However, this data also suggests that some earlier HODLers from three to seven years ago are taking profit after a prolonged BTC rally, heightening the chances of a correction in the short term.

More:here

Bitcoin News & Updates / Bitcoin Is About To Take A Crazy North-Bound Rocket Ride

« on: December 06, 2020, 12:55:47 PM »

Bitcoin Is About To Take A Crazy North-Bound Rocket Ride

Bitcoin’s future is bright, whether you relish it or not. That’s according to one billionaire whose business acumen has made him lots of money. Paul Tudor Jones has been a serious investor, and now he’s turning his sharp gaze onto the Bitcoin market. In fact, Tudor Jones is currently one of the most vocal Bitcoin evangelists around.

During a recent interview with Yahoo! Finance, the billionaire expressed his undying optimism for the future success of Bitcoin. According to him, the only way Bitcoin will be moving from now on is North. However, he acknowledged that the crypto could see a few ups and downs while on the way to its ultimate climax. That’s normal for any asset.

Going on, Jones predicted that the Bitcoin market will be worth a cool 8 to 9 trillion dollars in the next 20 years. That’s beside the fact that it’s almost impossible to derive a perfect projection of the market for that duration. The sheer confidence of Jones’ utterance is a sign that even the big investors are with Bitcoin for the long haul, and that can only pronounce good news. Indeed, a lot of people have opined that, at some point in the future, Bitcoin could usurp Gold’s position as the most favored asset for a store of value.

At the moment, Bitcoin’s total market cap stands tall among the rest in the market, clocking in at over $353 billion. With the top coin now priced at around 19,005, BTC is all set to set a new ATH. The crypto now commands a 62.6% market share in the crypto space.

More:here

Bitcoin News & Updates / Steve Forbes Thinks Bitcoin Is Yet To Qualify As A Store Of Value

« on: December 06, 2020, 12:51:08 PM »

Steve Forbes Thinks Bitcoin Is Yet To Qualify As A Store Of Value, Roots For Gold

Bitcoin is not viable as a store of value.

That’s according to Steve Forbes, Editor-in-Chief of the Forbes Magazine. Apparently, Steve is all for Gold as a long-term store of value. However, he agrees that Bitcoin’s major success stems from the actions of central banks by printing a lot of money and causing inflation. Steve Forbes was sharing his thoughts via his YouTube channel named “What’s Ahead.”

Steve Forbes is the son of Malcolm Forbes who was the publisher of the Forbes magazine, founded by his father B. C. Forbes. As such, Steve grew up in a well-off family and now runs the magazine. Steve Forbes is not an economist, so his beliefs are just personal opinions not backed by any professional analysis.

In Steve’s opinion, Bitcoin’s volatility makes it not suitable for long-term wealth holding. In that sense, Steve thinks the top coin is not the right choice of an asset to maintain family wealth.

Indeed, Bitcoin’s price has seen quite a few ups and downs over the years, but a look at the larger projections reveal that the crypto has always been increasing in value.

Bitcoin’s current value is way higher than it was 5 years ago. In fact, Bitcoin’s rise in value has made some people billionaires. A case in point is the Winklevoss twins.

Steve went on to argue that one of the huge obstacles preventing Bitcoin from becoming a good store of value is its supply limit.

BTC’s supply limit is capped at just 21 million coins. On the other hand, Gold’s global supply increases at a rate of 2% every year.

However, Steve didn’t mention that, just like Bitcoin, Gold’s supply in the world isn’t really as infinite as usually claimed. At one point, its supply will diminish as well.

Steve Forbes wasn’t entirely dismissive of Bitcoin as a store of value. He agrees that the crypto could iron out its quandaries and come out on top at some point in the future, “but that day is not yet here.” Bitcoin could very well evolve into the new Gold.

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Balita Cryptocurrency / Bakit Iniisip ng Honcho ng Dating Donald Trump na Ang Bitcoin ay Hindi tatagal

« on: December 04, 2020, 05:18:08 PM »

Bakit Iniisip ng Honcho ng Dating Donald Trump na Ang pagunlad ng Bitcoin ay Hindi Magtatagal

Ang isang dating manggagawa sa White House ay kasalukuyang nagtatapon ng mga bSPAM BAN sa merkado ng Bitcoin. Si Gary Cohn ay isang dating pinuno ng ekonomiya na nagtrabaho sa pamamahala ng Trump hanggang Abril 2018 nang tumigil siya sa trabaho matapos na hindi sumang-ayon sa ilan sa mga tao sa loob ng administrasyon na sumalungat sa kanyang mga panukala tungkol sa mga taripa. Bago magtrabaho sa White House, si Gary ay ang Pangulo ng Goldman Sachs.

Ayon kay Gary, ang isa sa mga kadahilanan na maaaring humantong sa pagbagsak ng Bitcoin ay ang kawalan nito ng transparency. Sa kanyang palagay, ang isang mahusay na klase ng pag-aari ay isa na nagpapanatili ng integridad nito sa pamamagitan ng hindi pag-iingat ng mga lihim tungkol sa mga may-ari nito at mga dahilan para sa paglipat nito. Iniisip ni Gary na ang Bitcoin ay hindi maganda ang pagganap sa aspektong ito sapagkat wala itong audit log.

Kapansin-pansin, ang opinyon ni Gary ay naipalabas sa isang oras na ang presyo ng Bitcoin ay sumisira ng mga tala. Nasira na ng Bitcoin ang dating ATH na $ 19k. Inaasahan ng mga dalubhasa na magpapatuloy ang crypto sa bullish path nito.

Mula sa isang kritikal na pananaw, ang damdamin ni Gary ay maaaring maiugnay sa kanyang kamakailang pagsisikap na muling itayo ang kanyang portfolio sa mundo ng negosyo pagkatapos na umalis sa White House. Kamakailan ay naging aktibo si Gary sa mga pamumuhunan, higit sa lahat nakatuon sa mga larangan ng cyber at oriented na blockchain.

Kamakailan lamang, nakipagtulungan si Gary kay Cliff Robbins, isang aktibista na namumuhunan, upang simulan ang isang espesyal na layunin ng pagkuha ng sasakyan na nagawang makalikom ng isang cool na $ 720 milyon noong Setyembre. Si Gary at ang kanyang kasosyo sa pamumuhunan ay naghahanap upang bumili ng mga kumpanya na malapit sa susunod na 100 taon.

More:here