Mark Cuban: Bitcoin ‚is more of a religion than a real solution to a problem‘

Noted billionaire Mark Cuban doesn’t consider BTC a reliable asset: „A banana has more utility, potassium is a valuable nutrient for every person on the planet.“

Mark Cuban, a billionaire known in the crypto community for claiming that bananas are a better medium of exchange than Bitcoin, reiterated his negative opinion of the asset, claiming that it is more like a collectible than a true financial instrument.

The year 2020 has been an incredible year for Bitcoin (BTC) adoption. The likes of MicroStrategy and Grayscale have significantly increased their holdings in cryptocurrencies – even staunch supporters of traditional finance, such as CNBC’s Jim Cramer, have changed their minds about owning digital assets. Nevertheless, Bitcoin continues to have its detractors.

In a recent interview with Forbes, Mark Cuban stated that crypto users should not consider Bitcoin „a hedge against doomsday scenarios.“ In his opinion, the asset is unlikely to replace cash in the near future:

„Bitcoin is a store of value like gold, which is more of a religion than a real solution to a problem. Countries will take measures to protect their currencies and their ability to tax the population. Therefore, the more people start to believe that this thing is more than just a store of value, the greater the risk of government intervention.“

Cuban made these comments when the price of Crypto Bull Bitcoin was below $19,000. Since then, the asset has reached new all-time highs, managing to break through the $20,000 wall: it currently hovers around $23,000.

According to the billionaire, physical assets like bananas offer more benefits than Bitcoin. Nonetheless, he admitted that it is an „investable asset.“

„A banana has more utility, potassium is a valuable nutrient for every person on the planet. But as long as people accept Bitcoin as the digital version of gold, you can invest in it.“

Mark Cuban has an estimated net worth of $4.2 billion. In August 2019, he disclosed that he owned only $130 in Bitcoin.

Las instituciones ‚parecen haberse perdido‘ en el rally de Bitcoin a un nuevo récord histórico: informe

Los inversores institucionales parecen haberse perdido en general el repunte de bitcoin a un nuevo máximo histórico por encima de los 24.000 dólares, ya que mientras los inversores minoristas aprovechaban sus posiciones largas, las instituciones recortaban las suyas y obtenían beneficios.

Según un informe publicado por OKEx Insight , el interés abierto alcanzó un nuevo máximo histórico de $ 8,9 mil millones durante el fin de semana, y OKEx lideró con $ 1,6 mil millones en interés abierto

Del mismo modo, los intercambios perpetuos de BTC vieron su precio de mercado superar el precio del índice a medida que las tasas de financiación alcanzaron un nuevo máximo.

Según OKEx Insight, las tasas de financiación excesivas indican un apalancamiento creciente en el mercado, lo que implica que los inversores minoristas que operan en intercambios de criptomonedas estaban aprovechando sus posiciones largas a medida que el precio de BTC subía a su nuevo máximo histórico.

Citando datos de la Bolsa Mercantil de Chicago, que terminó justo antes de que BTC superara los $ 20,000, OKEx señaló que el interés abierto „disminuyó constantemente durante los últimos tres períodos de informes“, lo que „continúa mostrando que los inversores institucionales estaban obteniendo ganancias, y que en gran medida se perdió el último rally „.

Las posiciones largas de los administradores de activos, agrega el informe, cayeron de 544 a 492 antes del repunte, mientras que las posiciones cortas aumentaron de 11 a 26

Las posiciones largas de los fondos apalancados disminuyeron de manera similar de 4.365 a 3.946 mientras que las posiciones cortas disminuyeron de 9.354 a 8.702.

OKEx Insight escribe que la caída de estas posiciones y el aumento de las posiciones cortas indican que los administradores de activos y los fondos apalancados „no pudieron anticipar el aumento de los precios“ y juzgaron mal la ruptura alcista del mercado, probablemente creyendo que se mantendría la resistencia de $ 20,000.

A medida que se acerca la fecha de liquidación de los futuros y opciones trimestrales, se espera más volatilidad en el mercado, ya que un gran número de opciones que vencen pueden hacer que el precio se mueva hacia el punto „Max Pain“, que es el precio de ejercicio con el contrato más abierto. pone y llama.

El precio de Max Pain, escribió OKEx, es de alrededor de $ 23,750, y un movimiento hacia él “causaría pérdidas financieras para el mayor número de tenedores de opciones al vencimiento.

10-årsjubileet for Bitcoin Creators forsvinning

For 10 år siden i dag var Bitcoins anonyme skaper, Satoshi Nakamoto, sist aktiv online. Ingen vet hva han har holdt på med siden.

12. desember 2010 postet Bitcoins anonyme skaper for siste gang på BitcoinTalk-forumet.

Ingen har sett eller hørt fra ham siden.

Det er flere grunner til at Bitcoins skaperen vil være anonym

For 10 år siden i dag var Bitcoins anonyme skaper aktiv for siste gang på et Bitcoin- forum. Ingen har hørt fra ham siden.

Satoshi Nakamoto (som kan være en mann, en kvinne eller en gruppe mennesker – ingen vet det egentlig) kom sitt siste innlegg 12. desember 2010, før han logget av neste dag for aldri å komme tilbake til den elektroniske verdenen.

Pete Rizzo, redaktør for kryptovaluta-utveksling Krakens nettsted, gjorde observasjonen på Twitter lørdag. „For 10 år siden i dag gjorde Satoshi sitt siste innlegg til BitcoinTalk-forumet,“ skrev han.

Hvorfor har Bitcoin-oppfinneren Satoshi Nakamoto vært anonym?

I løpet av tiårs pluss levetid har Bitcoin gått fra å være nisjebesettelse av en gruppe cypherpunks på oppslagstavler, til en av verdens største valutaer. Likevel er identiteten til skapelsen …

Nakamotos siste innlegg 12. desember handlet om å forhindre Denial-of-Server (DoS) -angrep mot Bitcoin-nettverket.

10 år senere, og Bitcoins pris har berørt nye høyder – delvis takket være investeringer fra institusjonelle investorer og tilslutning fra høyt profilerte selskaper . Men fyren bak teknologien er ingen steder å finne.

Skaperen av verdens største kryptovaluta har alltid vært anonym, og selv om det gjennom årene har vært mange teorier om hvem han kunne være, er identiteten hans og hvor han fremdeles er ukjent.

En ting er sikkert, skjønt, han har gjort en veldig god jobb med å holde identiteten sin et fullstendig mysterium.

The Guardian exposes bitcoin scam with fake celebrity photos

The Guardian exposes bitcoin scam with fake celebrity photos

As revealed by the Guardian magazine, there is a bitcoin scam of gigantic proportions involving false advertisements. Many victims are coming from Australia in particular. Facebook and Google are apparently barely keeping up with deleting the ads.

The British newspaper „The Guardian“ has really managed to make an investigative splash. As the magazine reports on its website, there is a Bitcoin scam of almost gigantic proportions. Photos of particularly well-known personalities in the respective country were misused for fake advertisements. In Australia, the country most affected, these were Dick Smith and Andrew Forrest, for example. In Germany, the fraudsters Bitcoin Evolution platform apparently advertised with the likeness of tennis legend Boris Becker. As the Guardian has uncovered, the traces of this globally organised business lead to the centre of Moscow.

Apparently, the scale of the spread of the scams is so high that Google has had difficulty blocking all the ads involved. Australian regulators, too, could hardly keep up. Basically, writes the Guardian, the ads are older. However, the COVID 19 pandemic, which was rampant worldwide, caused many people to stay at home and surf the internet. As a result, there has been a surge in clicks on the ads.

Clicking on one of these ads leads to a fake news report. This contains a link pretending to be a cryptocurrency investment programme. After registering, victims receive a phone call asking them to invest a small amount of money. This is then followed by calls demanding more and more money. Some victims have lost their entire savings as a result. According to the Guardian, the callers urge people to invest in high-risk and unregulated forex trading platforms where the chances of making a profit are slim.

The Guardian has traced trail to Moscow

In an effort to block such fraudulent ads, Google calls it a „cat and mouse game“. The problem is that the fraudsters try to evade detection by repeatedly making small changes to the text of the ads. In addition, the scammers buy hundreds of domain names every month through various registration companies to host the sites to which users are redirected.

Websites are often registered to third-party companies to hide the true owners. However, Guardian Australia found five names of people who had registered hundreds of the websites in question. All had addresses in central Moscow, making access much more difficult for foreign regulators. Both Google and Facebook have already admitted that it is difficult for them to prevent such ads from being served in real time.

Time and again, black sheep appear in the Bitcoin business in the form of scammers, whose scam also works, at least for a while. The authorities caught a particularly big fish in the form of John Bigatton, the former head of the BitConnect pyramid scheme. Since some of the scams are absolutely worthy of being filmed, it is not surprising that Hollywood is also interested in the illegal business.

Media: Indian banks have started serving crypto traders again

India’s major banking institutions have once again started servicing accounts belonging to cryptocurrency exchanges and traders. This was reported by The Economic Times, citing its sources.

According to it, banks such as ICICI Bank, HDFC Bank and Yes Bank have started servicing crypto traders.

To recall, the accounts of crypto exchanges were blocked after the Reserve Bank of India banned commercial banks from processing transactions involving digital assets. Such a ban came into effect back in April 2018.

However, earlier this year, the country’s Supreme Court overturned it.

According to Gaurav Dahake, CEO of Bangalore-based Bitbns exchange, banks have been slow to service customer accounts related to cryptocurrencies. Even the Supreme Court’s decision did not make them change their stance.

However, in the second half of 2020, when the value of bitcoin began to skyrocket, many customers of banks started demanding that they service digital currency-related accounts. For some investors, the banking sector began to introduce relaxations.

Sumit Gupta, CEO of CoinDCX, confirmed that there are banks that have indeed started to return to the crypto sphere after the Supreme Court’s decision to lift the ban.

The Indian authorities‘ stance on the cryptocurrency industry is still unclear. On the one hand, the Central Bank bans the banking sector from dealing with exchanges and bitcoin traders. But on the other hand, officials are already considering taxation options for crypto trading revenues.

Translated with www.DeepL.com/Translator (free version)

Bitcoin n’a pas réussi à maintenir la tendance haussière au dessus de 19 900 $.

Les ours Bitcoin ont repris leur élan et sont passés sous la barre des 18 500 dollars de soutien, avec une bougie quotidienne baissière en main.

Bitcoin n’a pas réussi à maintenir le biais haussier au-dessus du niveau clé de 19 900 $. Quelle est la prochaine étape ? Les taureaux de la CTB peuvent-ils reprendre de l’élan ? Que disent les graphiques et les indicateurs techniques ? Poursuivez votre lecture pour en savoir plus sur l’analyse technique de la CTB/USD d’aujourd’hui.

10 décembre 2020, | AtoZ Markets – Le prix du Bitcoin Evolution a chuté aujourd’hui matin lors de la session asiatique contre le dollar américain. L’intense modification du Bitcoin à 17 500 $ n’a pas surpris les investisseurs, et beaucoup ont anticipé que la cryptocouronne devrait baisser jusqu’à 16 000 $. Par conséquent, la récupération rapide à 18 600 $ est intrigante, et elle soutient l’opinion répandue selon laquelle les investisseurs particuliers et institutionnels sont prompts à acheter chaque baisse de Bitcoin. Bitcoin se négocie actuellement autour de la zone des 18 400 dollars et essaie de pousser à la baisse. Toutefois, le prix se situe toujours au-dessus du niveau dynamique de 20 EMA sur le graphique quotidien. Selon l’action de prix actuelle, la BTC pourrait combler le gap haussier de la semaine dernière dans les jours à venir.

Bitcoin n’a pas réussi à se maintenir davantage alors que la psychologie des investisseurs fonctionne négativement

La CTB réside actuellement près de 18 400 $ de zone et tente de décliner. De plus, le nuage de Kumo maintient toujours le prix comme support sur le graphique intraday.

Selon le graphique en données de 4 heures, Bitcoin n’a pas réussi à maintenir le biais haussier et s’échange actuellement autour de la zone des 18 400 dollars. Selon le scénario actuel, si le prix peut avoir une bougie baissière impulsive proche de la zone de 18 600 à 18 500 $, les ours pourraient maintenir la pression baissière vers la zone de 16 700 à 16 500 $ dans les jours à venir. Par ailleurs, si le prix dépasse impulsivement la zone de 18 500 à 18 600 $, les taureaux peuvent se redresser vers la zone de 19 500 à 19 900 $ au cours du processus.

En outre, le niveau dynamique de 20 EMA se situe actuellement au-dessus du prix. Tout comme la ligne Kijun. Le niveau dynamique peut agir comme une forte résistance et pousser le prix encore plus à la baisse. En outre, la ligne de Kijun pourrait fonctionner comme une confluence du niveau dynamique dans les jours à venir.

Les taureaux de la CTB sont toujours optimistes

Selon le graphique quotidien, Bitcoin n’a pas réussi à maintenir sa hausse et se négocie actuellement autour de 18 400 $. Selon l’action actuelle du prix, si le prix peut avoir une bougie haussière impulsive de fermeture au-dessus de 18.500 à 18.600 $ zone, les taureaux peuvent récupérer plus haut vers 19.500 à 19.900 $ zone comme première cible. La deuxième cible sera de 20 800 à 21 000 $ zone clé si le prix peut dépasser 19 500 à 19 900 $ zone dans les jours à venir.

En outre, le niveau dynamique de 20 EMA se situe actuellement en dessous du prix. Cela pourrait constituer un soutien important pour pousser le prix à la hausse. De plus, les lignes MACD se situent actuellement au-dessus du niveau de 0,00. Cela indique que les taureaux sont toujours sur le marché.

En conclusion, tant que le prix se situera au-dessus du niveau de soutien psychologique de 16 700 à 16 500 dollars, le biais restera haussier. Une clôture quotidienne est nécessaire pour identifier la dynamique définitive dans les jours à venir.

Sterke steun in de G7 voor de noodzaak om cryptokringen te reguleren

Tijdens een recente G-7 bijeenkomst op 7 december organiseerde de Amerikaanse minister van Financiën Steven T. Mnuchin een discussie die onder meer inhield dat er voortdurend werd gereageerd op het „evoluerende landschap“ van cryptomateriaal en andere digitale middelen.

Daarnaast bespraken ambtenaren en leden van de G-7 het werk van de nationale autoriteiten om het gebruik van cryptokringen voor „kwaadaardige doeleinden en illegale activiteiten“ te voorkomen.

Aan de vergadering werd deelgenomen door de ministers van Financiën

Aan de vergadering werd deelgenomen door de ministers van Financiën en de gouverneurs van de centrale banken van Canada, Frankrijk, Duitsland, Italië, Japan, het Verenigd Koninkrijk, de Europese Commissie en de Eurogroep. Ook de hoofden van het IMF, de Wereldbank en de Raad voor financiële stabiliteit hebben zich bij de discussie aangesloten. Volgens een lezing van de discussie:

Er is sterke steun in de G7 voor de noodzaak om digitale valuta’s te reguleren. De ministers en de gouverneurs herhaalden hun steun voor de gezamenlijke verklaring van de G7 over digitale betalingen die in oktober is afgelegd.

Dit zou de 12e G7-bijeenkomst zijn die de secretaris dit jaar voorzit in verband met de reactie op de pandemie. Tijdens de bijeenkomst bespraken de ministers en de gouverneurs de binnenlandse en internationale economische reacties en strategieën om „een krachtig herstel van de gehele wereldeconomie“ te bewerkstelligen.

Kort na de conferentie tussen de G-7 ambtenaren

Kort na de conferentie tussen de G-7 ambtenaren, bekritiseerde de Duitse minister van Financiën, Olaf Scholz, de Diem stablecoin van Facebook. De ambtenaar noemde het project „een wolf in schaapskleren“ en wees erop dat het veranderen van de naam de fundamenten ervan niet zou veranderen.

Volgens de minister kunnen en willen Duitsland en Europa de toetreding van het project tot de markt „niet accepteren“, terwijl „de risico’s op het gebied van regelgeving niet adequaat worden aangepakt“. Hij voegde eraan toe dat de regelgevers „al het mogelijke moeten doen“ om ervoor te zorgen dat het valutamonopolie in de „handen van de staten“ blijft.

Ondertussen zei OCC’s waarnemend hoofd, Brian Brooks, dat de Amerikaanse toezichthouders „zeer gefocust“ waren op het „niet doden“ van Bitcoin. Het commentaar kwam binnen te midden van speculaties over een mogelijk algemeen verbod op cryptocurrencies in de VS. Brooks verklaarde verder dat gebruikers „goed nieuws“ konden verwachten van de regelgevers na het einde van Trump’s administratie.

In november deelde Brian Armstrong, CEO van Coinbase, zijn „zorgen“ over de Amerikaanse crypto-regelgeving en beweerde dat het Amerikaanse Ministerie van Financiën, evenals Secretary Mnuchin, „van plan waren om een aantal nieuwe regels uit te vaardigen“ gericht op de portemonnee van de zelfregulerende instanties.

Apple co-founder Steve Wozniak opens blockchain business

Apple co-founder Steve Wozniak is getting into the blockchain with a token bearing his name.

The WOZX went on sale on HBTC, with Bithumb Global next on the list.

His company, Efforce, focuses on energy efficiency.

Legendary Apple co-founder Steve Wozniak turned his attention to green technology and blockchain when he co-founded Efforce.

Steve Wozniak is now targeting the energy efficiency market, worth $ 241 billion. Apple’s co-founder announced the public launch of Efforce, a blockchain-based energy-saving platform. Effort will raise funds for energy saving projects through token sales. HBTC listed WOZX on December 3. The token will also be launched on Bithumb Global in the coming week.

A $ 241 billion idea

Efforce claims that the savings and environmental benefits of corporate energy saving projects are substantial. However, small businesses in particular find it difficult to find funding for such projects. Efforce connects companies (sic) with the people it calls contributors on its platform. Investors buy tokenized future savings and thus finance the project that the company is carrying out. Smart contracts on blockchain record transactions and savings

In the company’s one-page document , Efforce claims that the energy efficiency market has reached $ 241 billion and is growing at 10% per year.

Efforce worked in „silent mode“ for much of 2019, with Wozniak on board. His work was an open secret that sometimes surfaced, with the media and Maltese officials taking note. Apparently, Woz even spoke about it with Justin Sun of TRON, who met him after trying to pay $ 4.6 million for lunch with Warren Buffet.

Tokenomics

The WOZX token is the utility token of the project. According to the white paper, the Efforce will release one billion tokens. The private placement of tokens determines the initial value of the token. However, an example in the white paper also describes contributors locking Tether at a value of 1 USDT per WOZX.

One element that is not clear is the role of mining. The authors mention mining in the article but no details seem to describe the process. He says mining tokens will begin when the projects are launched. The mining rewards will decrease each year.

Incentives

Effort sets aside one-fifth of the tokens. The company will distribute them as an incentive to project participants. These don’t have to be contributors – anyone involved can receive them. The white paper specifies certain types of incentives. These relate to registrations from major partners, contributions from funding partners and mining .