Archiv für den Monat: November 2020

BIS-rapporten foreslår et ‚indlejret‘ overvågningsværktøj

BIS-rapporten foreslår et ‚indlejret‘ overvågningsværktøj for stablecoins

Efter at have foreslået automatiserede måder at overvåge globale stablecoins som Libra, argumenterer en ny rapport fra BIS for, at en bedre løsning i sidste ende kan være digitale bankers digitale valutaer.

Facebooks forslag til sin digitale valuta, Vægten, var et vækkende opkald til internationale regulerende agenturer, finansministerier og centralbankfolk. Alle disse aktører erkendte, at Bitcoin Pro virksomhedens rækkevidde på tværs af sine tre platforme havde potentialet til at fremskynde vedtagelsen af ​​en global stablecoin i et hidtil uset omfang.

I et nyt papir fra Bank of International Settlements har tre analytikere foreslået, at Vægten og andre foreslåede globale stablecoins kræver nyhed, at tilsynsmyndighederne forestiller sig mulighederne for at overvåge og overvåge deres udstedelse og omsætning.

Vægtens potentiale for hurtig masseadoption på tværs af flere jurisdiktioner ville kræve, at myndighederne udvikler dynamiske og tilpasningsværktøjer til tilsyn og håndhævelse, skrev analytikerne. Mens de var udfordrende, argumenterede de for, at den digitale stablecoins natur i sig selv kan tilbyde nye håndhævelsesmekanismer:

”Stablecoin-forslag er et område, hvor indlejret tilsyn kan fungere i praksis. Information er en central funktion af regulering, både med henblik på at forbedre markedsfunktion og effektivitet og fra tilsyn, hvad enten det er med henblik på markedsintegritet, kunde- og investorbeskyttelse eller tilsyn. ”

Dette ”indlejrede tilsyn” ville gøre en direkte og automatiseret bestemmelse om datarapportering et krav til registrering for alle potentielle stablecoin-udstedere.

Som analytikerne påpeger, er dette allerede tilfældet for nogle eksisterende digitale betalingsplatforme, der ikke er stabile, som AliPay og WeChat Pay i Kina.

Stablecoins, der bruger distribueret hovedbogsteknologi

kan generere sikker information og understøtte automatisk overvågning af hovedbogen, hvilket reducerer behovet for udstedere til aktivt at indsamle, verificere og rapportere data til offentlige myndigheder.

Generelt set er der tre mål med at indføre indlejret overvågning af stallmønter: at reducere omkostningerne ved overholdelse og derved udjævne spillereglerne for store og mindre private aktører; udvikling af en open source-pakke af overvågningsværktøjer, der kan afklare, hvordan lovgivningsmæssige rammer kan anvendes og at sikre den juridiske afslutning på betalinger, som forbliver forskellig fra økonomisk og kontraktmæssig endelighed.

Efter en omhyggelig analyse af de forskellige udfordringer, som denne model præsenterede, hævder forfatterne, at en bedre løsning i sidste ende kan være at integrere fiat-valutaer i et lignende paradigme.

Centralbankens digitale valutaer eller CBDC’er ville ikke udgøre de samme „interessekonflikter“, som privatudstedte stablecoins repræsenterer. Forfatterne slutter derfor med forslaget om, at stablecoins kan være et eksperimentelt forslag, der viser vejen til innovation inden for det eksisterende system, ikke ud over det:

”På samme måde som stablecoins fra tidligere århundreder […] var et evolutionært skridt på vejen mod centralbank, kunne nutidens stablecoins også i sidste ende vige for andre reformer. Dette kan omfatte robuste, statsbaserede alternativer og nye midler til at forbinde centralbankpenge på tværs af grænser. ”

Winning Poker Network now offers ‚95% of payouts‘ at Bitcoin, around $160 million per month

„We constantly have to go out and buy Bitcoin,“ reports Winning Poker Network.

Winning Poker Network, an online network that supports numerous online poker websites around the world, has reported an increase in demand for Bitcoin payouts.

Here are all the errors that Felder’s Bitcoin Report had

In a November 19 Bloomberg report, the CEO behind Winning Poker Network, or WPN, said that up to 95% of poker players currently request to be paid at Bitcoin (BTC).

Although the poker network has admitted several crypto currencies since 2014, WPN CEO Phil Nagy stated that the company needed to make more purchases from BTC than ever due to demand caused by the recent price movement of more than $17,000 and $18,000 in a matter of days.

„We constantly have to go out and buy bitcoins, a lot of them,“ said Nagy. He estimated that even before this recent price increase, the WPN was paying over $100 million in BTCs monthly, approximately 60% of all transactions on the network. Extrapolating to 95% of the payments, Nagy’s reports are currently occurring, and assuming the same volume, that would equal approximately $158 million in Bitcoin each month.

Executives offer $1 million bets that the expectations of the Bitcoin S2F model won’t come true

According to Nagy, the majority of customers who play online poker reside in the United States, which may help explain her preference for cryptomoney as a medium of exchange, given that online gambling is legal in only 11 of the 50 states. The CEO, who resides in Costa Rica, admitted to not verifying whether the players present their earnings for tax purposes.

„It’s an alternative solution to circumvent the law, not really the adoption that Bitcoin should be looking for,“ said Reddit user HighFivePuddy. „It’s not exactly great publicity.

Bitcoin and online poker have a long history together and there are many parallels between the popular card game and cryptomoney trading, even the terminology of „knowing when to HODL“. Past and present professional poker players have been heavily involved with cryptomonies, including Blockfolio co-founder Ed Moncada and Doug Polk, who also runs a channel on cryptomonies on YouTube.

BitPay Launches Mass Kryptomoney Payments for Businesses

One of the most important turning points between cryptomonies and gambling came last year, when the WPN set a Guinness World Record for the highest prize in cryptomonies for online poker winnings: USD 1,050,560, or approximately 106 BTC at that time.

Our $5 million Venom was a success in more ways than one. We established the GUINNESS WORLD title RECORDS™ for the biggest prize in crypto currencies for an online poker tournament with a payout of $1,050,560 in Bitcoin.
Even with this level of adoption within the online gaming world, Nagy said the WPN generally converted the Bitcoin it received from players directly into trust money to avoid dealing with volatility. However, that may not be the case for much longer if the demand for Bitcoin payments continues to rise.

SEC Clears Social Networking Platform to Issue Stablecoin Without Registering it as a Security

At the time of publication of this article, Bitcoin is priced at USD 17,831, having increased by more than 9% in the last 7 days.

The ProBit Exchange platform places DeFi at the heart of its strategy

If you are passionate about the cryptosphere, you have certainly witnessed the tsunami called decentralized finance (DeFi). Having submerged the cryptocurrency market in a few months, the phenomenon is like a financial jungle where even insiders can hardly find their way around. Don’t panic, however: the BitQT review exchange platform offers you a professional and secure trading environment , with DeFi projects selected with the greatest attention.

This promotional article was produced in collaboration with ProBit.

A booming DeFi market

Since the start of summer 2020, crypto projects in decentralized finance have all simply exploded . The DeFi market, valued at less than $ 1 billion until February 2020, suddenly attracted envy before reaching an all-time high of more than $ 13.86 billion in crypto-assets, stored in the various existing protocols / dApps / smart contracts.

Total value (in billions of dollars) of cryptocurrencies locked in DeFi projects – Source: DefiPulse
However, with the incredible success of this brand new financial paradigm, many entrepreneurs have taken advantage of this windfall to attempt incongruous fundraising. Using Liquidity Mining processes , copy paste of already popular projects, but also scams of all kinds have invaded the ecosystem.

While decentralized exchanges cannot by nature have any control over the tokens made available to users, platforms such as ProBit establish rigorous pre-selections, in order to avoid any disappointment.

ProBit offers you the ideal setting to enjoy DeFi

ProBit Exchange offers you no less than 35 tokens belonging to Decentralized Finance, all selected with the greatest care. LINK , YFI , JST , BAND , FTM projects and many others are thus present.

To easily find all these projects in one click , you also have a tab dedicated to DeFi projects on the ProBit trading interface (top left in the screenshot below).

ProBit platform trading interface, here on the „DeFi“ tab

With more than 800,000 active users every month , ProBit is also one of the safest crypto exchanges in the world. You can also find our full review on ProBit here .

Le fonds Bitcoin de 3iQ cherche à vendre jusqu’à 1 million d’unités à la bourse canadienne

Le gestionnaire de placements basé à Toronto, 3iQ Corp., cherche à lever des fonds supplémentaires en procédant à une offre de trésorerie pour son Bitcoin Fund (QBTC.U), coté en bourse, à la Bourse de Toronto.

Un communiqué publié aujourd’hui détaillant la répartition des investissements indique que le fonds géré par 3iq vend jusqu’à 1 050 000 parts de catégorie A pour lever environ 25 200 000 $ CAN, soit environ 19,3 millions de dollars

Les parts de catégorie A seront offertes au prix de 24,00 $ CA par part, un prix favorable par rapport à sa clôture d’hier à la TSX à 30,38 $ CA. Le fonds bitcoin fermé du 3iQ proposait initialement des parts de classe A et de classe F à 10 $ chacune. Pour inciter de plus en plus d’acheteurs, il n’y avait pas de limite d’achat minimum.

«Le prix d’offre des parts de catégorie A a été déterminé de manière à ne pas être dilutif par rapport à la dernière valeur liquidative par part de catégorie A calculée le 5 novembre 2020, plus les honoraires de l’agent par part et les frais de l’offre», la société explique.

Bien qu’il soit négocié à la bourse canadienne et exploité par le gestionnaire de fonds d’investissement canadien 3iq Corp, la valeur du placement est libellée en dollars américains

3iQ gère déjà deux fonds d’investissement privés – 3iQ Bitcoin Trust et le 3iQ Global Cryptoasset Fund – qui a commencé comme un placement privé disponible uniquement pour les investisseurs accrédités et institutionnels au Canada. Plus tôt cette année, 3iQ a annoncé la fusion de 3iQ Bitcoin Trust avec The Bitcoin Fund, et distribue des parts de classe B du fonds, conformément au prospectus.

Les produits négociés en bourse offrent aux actionnaires une exposition directe à la valeur du bitcoin. Le fonds d’investissement non remboursable vise également à réaliser une plus-value du capital grâce à une stratégie de détention à long terme.

À la suite d’un appel, 3iQ a déjà obtenu l’approbation de la Commission des valeurs mobilières de l’Ontario pour offrir son fonds Bitcoin aux investisseurs canadiens . En septembre, elle a également lancé son fonds Bitcoin à la Bourse de Gibraltar, une initiative visant à élargir sa base d’investisseurs en dehors de son périmètre d’inscription initial au Canada.

Pour apporter son soutien au fonds, 3iQ a déclaré avoir abordé les questions de tarification, de garde, d’audit et d’intérêt public dans un fonds d’investissement réglementé. Il agit en tant que gestionnaire d’investissement et de portefeuille du fonds, tandis que l‘ échange crypto basé à New York, Gemini Trust , remplira les fonctions de dépositaire des bitcoins détenus dans le fonds.

3iQ s’est également associé au gestionnaire d’actifs VanEck pour développer un indice de référence Bitcoin en partenariat avec MV Index Solutions de VanEck, un fournisseur d’indices réglementé dans le développement d’indices de crypto-monnaie et de séries de données.

Bitcoin rally short-lived? Google search trends show a bearish outlook

For many Bitcoin enthusiasts, the flagship of the cryptocurrency has arrived on Wall Street with sovereignty.

It now costs around $ 14,500 to buy a bitcoin – about twice as much as it did at the beginning of the year. This is also the highest level since January 2018, when the cryptocurrency was revised down from its record high of almost $ 20,000 in the previous month.

Many analysts agree that Bitcoin’s renewed price rally has to do with growing investor demand for safe investments. Some, including Bloomberg, even believe the cryptocurrency will soar back to $ 20,000 by the end of this year – due to skyrocketing federal deficits caused by trillions of dollars in government spending and inflation fears.

The Bitcoin cheerleaders have long projected the coin as the ultimate hedging tool against fiat money, as it has a definite supply cap of 21 million tokens. Since individual mainstream companies have decided to replace part of their cash reserves with Bitcoin, the thesis gained enormous traction through social media.

Unfortunately, the same enthusiasm cannot be felt on Google Trends.

Lack of interest in searches

The latest data from the world’s largest online search engine shows a lack of interest in Bitcoin among everyday internet users. On a scale from zero to 100 over a five-year period, Bitcoin scores 9 points. If the period is changed to 12 months, the value increases to 63.

In contrast, Bitcoin’s trending value was 100 in December 2017, when the cryptocurrency was headed for $ 20,000. Most of the sentiment mentioned had to do with BTC being the first coin to boom.

Startups raised resources in BTC by posing as the next blockchain unicorns and getting ordinary citizens to look for how to buy Bitcoin.

The search for the keyword „Bitcoin“ remains low despite the enormous interest at the macro level. Source: Google Trends

The boom ended in a major collapse as most of these projects failed or turned out to be fraudulent. Bitcoin fell 84 percent from its $ 20,000 high as a result.

The same thing happened with his Google Trend Score, which crashed from “100” in December 2017 to “5” in November 2018.

In contrast, Bitcoin’s main hedging rival, gold, saw a steady trend. Its values ​​fluctuated between „82“ and „51“ – mostly over a period of five years. For the past 12 months they have remained stable above ’71‘.

Interestingly, in the week of May 10-16, 2020, Bitcoin hit a perfect „100“ within a 12 month timeframe. This step coincided with the third “halving” of the cryptocurrency – an event that periodically reduces its daily supply by half, exacerbating its scarcity against fiat currencies.

Good news for Bitcoin, after all

Hans Hauge, head of quantitative strategy at Ikigai Asset Management, thinks the absent “Bitcoin” interest against the rising price is good news. He comments that the lower values ​​for the Bitcoin keyword show that the cryptocurrency has matured.

„This is not the height of a bubble mania, it’s orderly and calm,“ said Hauge, comparing the 2017 trend with the current one. And:

„The next spike in Google Trends will make the last one look like nothing.“