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Bitcoin upswing fails at 34,000 US dollars, altcoins also on the rise again

Bitcoin almost climbs back up to 34,000 US dollars, with institutional investors now playing a supporting role again.

Bitcoin’s (BTC) dip below the US$30,000 mark was short-lived, as the Bitcoin Code market-leading cryptocurrency subsequently received a fresh boost, generated in part by a US$10m purchase from MicroStrategy.

As data from Cointelegraph Markets and TradingView shows, Bitcoin made a gain of 4.92% as a result, lifting the price back to an interim high of US$33,866.

As the planned Corona bailout package of the new US administration of Joe Biden takes on more and more concrete features, the narrative around Bitcoin as a reserve currency is also getting new nourishment.

However, the sharp price fluctuations in recent days have led some analysts to conclude that Bitcoin is more of a “cyclical” investment product than a stable hedge. This development is probably due to the fact that with the record run, smaller private investors have again increasingly entered the market.

Market visualisation by Coin360

Even the Bank for International Settlements (BIS) has now taken a liking to digital currencies, which is why the “central bank of central banks” is planning a corresponding platform for the use of central bank digital currencies (CBDCs).

Meanwhile, a key crypto sentiment barometer has switched from “extreme greed” to “fear”, suggesting that investors are selling off for fear of losses. At the same time, this should be seen as a good buying opportunity, because as investment guru Warren Buffett once said, “Buy when there’s blood!”

Institutional investors back in the driver’s seat

Chad Steinglass, the head of trading at CrossTower, suspects that Bitcoin’s rebound was triggered by new US Treasury Secretary Janet Yellen’s negative comments towards cryptocurrencies. However, she has since put them into perspective.

Before Yellen’s crypto-criticism, Bitcoin was still in a price range between 34,000 – 38,000 US dollars, with investors “waiting to see in which direction the price would break out of it”, according to the expert.

El XRP no se rompe por encima de 0,30 dólares – ¿Qué sigue?

• El XRP está comerciando dentro de un triángulo simétrico.
• Hay una resistencia menor a $0.30 y una mayor a $0.47.
• XRP/BTC está siguiendo una línea de resistencia descendente.

El Proyecto Fideicomiso es un consorcio internacional de organizaciones de noticias que construye estándares de transparencia.

El precio del XRP se está negociando actualmente dentro de Bitcoin Bank un patrón neutro, cuya ruptura/desintegración es probable que determine la dirección de la tendencia.

El XRP/BTC está siguiendo una línea de resistencia descendente. La inversión alcista no se confirmará hasta que el par se rompa.

Este es un análisis de corto plazo. Para el de más largo plazo, haga clic aquí.

Triángulo simétrico

XRP ha estado operando dentro de un triángulo simétrico desde que alcanzó un máximo de 0,385 dólares el 25 de diciembre de 2020. Tanto la línea de resistencia como la de soporte han sido validadas tres veces

En el momento de escribir este artículo, XRP estaba operando muy cerca de la línea de soporte de este triángulo. El triángulo simétrico es un patrón neutro, que permite ya sea una ruptura o una ruptura.

Mientras que los indicadores técnicos son neutrales, XRP está operando por debajo del área de 0,30 dólares, que anteriormente actuaba como soporte y ahora se ha convertido en resistencia. Hasta que logre moverse por encima de ella, la tendencia a corto plazo es bajista.

El movimiento del futuro de XRP

El comerciante de criptodivisas @Crediblecrypto esbozó un gráfico XRP, declarando que es probable que se mueva hacia los 0,46 dólares.

El área de 0,47 dólares anteriormente actuaba como apoyo, y la ruptura que se encuentra a continuación fue el catalizador para la aceleración del movimiento descendente. Además, es el nivel de retroceso de 0,618 Fibras de todo el tramo descendente. Si el XRP logra despejarlo, la tendencia probablemente se volverá alcista.

Sin embargo, XRP se enfrenta actualmente a la resistencia del nivel de retroceso de 0,382 Fibras a 0,35 dólares. Los indicadores técnicos se están volviendo gradualmente al alza, pero aún no han confirmado la reversión.

Un movimiento de precios por encima de la resistencia de 0,35 dólares provocaría que el RSI se mueva por encima de 50 y que el oscilador estocástico forme una cruz alcista. Esto confirmaría de alguna manera la tendencia alcista.

Por lo tanto, mientras que un movimiento por encima de 0,47 dólares indicaría definitivamente que la tendencia a largo plazo es alcista, incluso un aumento por encima de 0,35 dólares sería muy útil para apoyar una inversión de la tendencia.

El gráfico diario muestra que el XRP/BTC ha estado siguiendo una línea de resistencia descendente desde el 24 de noviembre de 2020. En el momento de escribir este artículo, el XRP estaba operando justo por debajo de esta línea de soporte a 760 satosis.

Mientras que los indicadores técnicos en el gráfico diario son alcistas, la reversión no se confirmará hasta que XRP rompa la línea de resistencia descendente debido a la significativa divergencia alcista en el RSI.

Una ruptura probablemente llevaría al XRP hacia el nivel de retroceso de 0,382 Fibras en 2037 satosis.

Conclusión

Para concluir, las lecturas de la acción del precio y del indicador para el XRP son relativamente neutrales. El hecho de que el XRP se desvíe o se aleje del patrón actual probablemente determinará la dirección de la tendencia.

In the context of the new regulations concerning the French crypto industry, we interviewed Cédric O, Secretary of State for Digital Transition and Electronic Communications. How does he perceive blockchain technology and its development in France?

How do you perceive blockchain technology?

Our societies and our economies are subject to significant and sometimes contradictory trends. Firstly, by extremely intense technological competition, which sees the whole world engaged in a kind of “arms race”, where the outcome will determine a large part of the prosperity but also the independence of the world’s major economies, especially Europe. Blockchain technologies are part of these disruptive technologies, with considerable areas of applications, from financial matters to energy, from food processing to cultural and creative industries. This is why it is important for Bruno Le Maire and myself that France is at the forefront. But like any innovation, blockchain is a dialectic between innovation and regulation. Innovation is built and grows by breaking with existing frameworks. But in order to thrive, it needs trust, and therefore needs to be regulated. The blockchain is still in the chiaroscuro, and this dialectic can be observed everywhere in the world. The knife edge is even more complicated to find because the increasing complexity of the problems is a challenge on its own for the authorities. But I am optimistic.

This Wednesday, December 9, 2020, France has made a new clampdown regarding crypto assets. How do you justify this toughening?

Crypto assets expose us to increasing risks of money laundering and terrorist financing (ML/TF). The dismantlement, last September, of a Daesh financing network combining crypto assets and electronic money transactions is a reminder of this reality. This is not a problem for France only: successive declarations by the Financial Action Task Force (FATF), the G7 and the G20 have also highlighted the increased risk of criminal misappropriation of crypto assets in the context of the health crisis and beyond. It is in this context that we have taken the ordinance of December 9, which was drawn up in consultation with the actors but also the national representative. The landing point strengthens controls, it’s true, but I would like to remind you that this measure will be completed in a decree that relaxes the conditions for using remote identification devices. The Ministry’s teams are in very regular contact with the ANSSI, the National Assembly and solution providers to ensure that [virtual asset service providers] VASPs will have services that meet their needs as early as this spring. We have therefore tried to find a balanced solution that meets both the security emergency and the operational concerns of the involved parties.wi

Europe is not yet in harmony on these policies; do you understand that some startups are seeking to delocalize to countries that are less restrictive towards crypto assets? And how do you intend to convince them to stay?

First of all, I would like to remind that France is far from being the only European Union country to have gone beyond the fifth anti-money laundering directive when it comes to cryptos. Quite the opposite. Germany and Great Britain have also decided to subject to the ML/TF the entities that offer crypto-crypto services. Denmark is also in the process of adopting such a regulation.

It seems to me that we need to take a holistic approach of the problem. I am the first, sometimes, to protest against the strict rules governing the exercise of financial activities in France. But I can’t help but notice that these rules are also what underpin the competitiveness of Paris, which is part of our country’s strength and at the same time allows us to stay ahead of Frankfurt when it comes to welcoming activities from London. This credibility is an advantage when it comes to creating very large international firms.

In addition, I would like to underline that all European players who wish to target the French market will be required to register with the AMF under the same conditions and deadlines as players established in France. This provision of the Pacte law, recalled by the ordinance of December 9, aims to restore similar competitive conditions on the French market for all companies. There is a strong awareness between Member States and the European Commission on the need to implement everywhere the same rules and procedures applicable to crypto industry. The Minister of Economy, Finance and Recovery will make concrete suggestions to the European Commission to extend the monitoring system established in France.

I would also like to mention that France is one of the rare countries to have a clear legal, fiscal and accounting framework for all the participants in the ecosystem. Furthermore, when possible, we have opted to implement optional measures, such as a visa for ICOs or approval for digital asset service providers. Only those who wish to do so can take the necessary steps. I also want to note that the ecosystem knows how to find high-quality contacts within the administration and supervisors (AMF and ACPR) who can support them in their projects. Finally, France has taken the lead in regulating these activities, which means that it is now influential in European discussions. There is a collective interest in French public authorities and private operators being able to be the driving force behind European regulations.

A new day, a new DeFi hack. Attackers succeed in extracting 20 million US dollars from a pickle wallet. All about the background of the crime.

The DeFi protocol Pickle Finance has become the target of a hack. As the creators announced via medium on 22 November, unknown persons were able to withdraw a total of 19,759,355 DAI (currently just under 20 million US dollars) from the PickleJar.

The team behind PickleJar does not want to reveal how the attack took place until the editorial deadline. Precautions have been taken to prevent further attacks. However, a further exploitation of the security gap cannot be ruled out. The press release reads accordingly:

While we are working on bug fixes to remove the attack vector, the White Hat group has decided that we should not yet publish details of the actual attack. Although we have taken steps to mitigate further attacks, we do not want to tempt fate in the meantime.

The 20 million DAI tokens are currently lying untouched at the address of the suspected hacker. However, it is unusual that the tokens have not yet been moved. This is because Bitcoin Champion usually start to blur the trail of the tokens immediately after execution by splitting them up into different addresses and then washing them.

All PICKLE investors are affected by the hack. Those who were lucky enough not to have placed their DAI on the affected pJar have now been swept away by the subsequent course exodus. Since the theft became known, the PICKLE token has lost more than 50 percent of its value.

PICKLE: But not the big hit

PICKLE is a DeFi project that uses so-called Pickle Jars in addition to the well-known functions (farming, staking). These are special wallets that are designed to maximise yield farming yields by means of complicated algorithms. In addition to the native PICKLE token, investors can store various other tokens such as UNI in the jars and theoretically multiply them via staking. One of these pJars was cleared during the attack.

The attack is one of a series of attacks against DeFi projects. Most recently, BTC-ECHO reported on Opyn, for example, whose hackers relieved users of several hundred thousand US dollars. The hack of Lendf.Me came to a somewhat happier end. After attackers stole assets worth 25 million US dollars, the hacker returned the full amount to the owners. The reason for this was apparently a successful investigation by the Singpur police.

The attack shows once again that the most important feature of crypto currencies like Bitcoin is its security infrastructure. Especially newly blazing stars in the crypto sky attract fraudsters and hackers who enrich themselves on the ignorance of crypto novices. So you should exercise the greatest possible caution when investing in DeFi.

Brazilian businessman reveals that he ‘played’ Bitcoin out and spent about 1200 Bitcoins on the game Warcraft

The Brazilian CEO Bitfy, Lucas Schoch, revealed that he even spent 1200 Bitcoins on items in the World of Warcraft game.

In the current value, the amount would be over R$ 121 million, however Schoch, during the podcast Satoshi Connection #16, highlighted that the Bitcoin Era ‘invested’ in Warcraft were spent by him between 2011 and 2013 when the cryptomeda ‘was not worth anything yet’.

“When I found out that I had spent over 1200 BTC on Warcraft items in 2013, I ended up getting extremely frustrated. That year was very hard for me. But I started to understand how that technology was becoming more valuable”.

Bitcoin Mining

Schoch revealed in the podcast that he started mining Bitcoin in 2011 just for use in Warcraft.

“You could buy items from other people using Bitcoin and, in this case, buying with Bitcoins was cheaper than buying with real ones. Because I could leave my computer mining while I worked or did something and when I got home I had 10 Bitcoins and that’s how I started,” he said.

Bitfy’s CEO also revealed other details of Bitcoin’s ‘early days’ stating that at that time there were no wallets or blockchain research and monitoring services.

“Wallet is a very recent business, at that time you ran a script that gave you two hashes, which was your public and private key. Then you used the public key to generate the addresses you could receive [btc] and used the private key to sign the transactions you wanted to transmit later,” Schoch said.

Security

Schoch pointed out that at that time Bitcoin was a ‘nerd’ thing and people didn’t pay much attention to what he could become.

The entrepreneur, for example, revealed that he stored his private keys and addresses in a document on the desktop without any concern about security.

“I would save everything on a Windows notepad and leave everything on my desktop and my keys there, written private key and public key,” he said.

Even, according to him, as there were no services like blockchain.com that allowed to see the status of a transaction many bitcoins ended up being ‘thrown away’.

“At that time you had to create a transaction and have it broadcast and then your node didn’t sync and that transaction ‘disappeared’ and then you thought there was no more bitcoin in that wallet you threw it away. But actually he hadn’t broadcast and his bitcoins were still there. It was all very precarious,” he said.

Regret

But although Bitcoin is a ‘bargaining chip’ in games, Schoch revealed that he ended up regretting his spending on Warcraft.

“I read a story saying that Bitcoin had reached $1,000. So I looked at a friend of mine and said: Isn’t that the currency that was used in the game? That was bizarre but it made me understand many things,” he said.

So, with his experience in being one of Bitcoin’s ‘early adopters’ and the problems he faced, he decided to undertake in the crypto market and created Bitfy.

“I saw that I had lost my millions at that time, because if with this difficulty, that only the fat guy from Warcraft can make a transaction, and still loses money to hell on it, Bitcoin was worth US$ 1,000, it’s because this business will be worth a lot of money when he has a decent user experience,” he concluded.

Het Monero ontwikkelingsteam werkt nu aan een door de gemeenschap gefinancierde Bitcoin-XMR atomic swap implementatieproject met de codenaam Farcaster, een Reddit-update op 13 november.

Introductie van Farcaster

De eerste fase van het project bestaat uit het verzamelen van Request for Comments (RFC’s) om de structuur van het project te formaliseren. Deze RFC’s, zo legt het team uit, zullen het overzicht op hoog niveau van de verschillende onderdelen van het project en de manier waarop ze met elkaar omgaan, bestrijken.

Monero is een privacymunt waarvan de transacties niet te traceren zijn, waardoor de identiteit van de afzender, de ontvanger en het bedrag worden verborgen.

Het wegwerken van privacy-munten

Overheden over de hele wereld zijn in toenemende mate bezig met het aanpakken van transactievertroebelende technologieën die verankerd zijn in gedistribueerde grootboeken en die beweren dat ze selectieve instrumenten zijn voor witwassers en belastingontduikers. Voorstanders beweren echter dat overheden hun rechten schenden.

Daarom zullen er, zelfs als ze wetten aannemen om het gebruik ervan te onderdrukken, alternatieven worden gevonden om het gebruik van gecentraliseerde uitwisselingen te omzeilen, waarbij de belangrijkste platformen zich van de lijst ontdoen en de risico’s zelf wegnemen.

Hoe meer omwisselingen van privacy-munten, hoe meer hun liquiditeit zal worden gegeven. Een manier om de continuïteit te verzekeren is door middel van atomaire swaps.

Net als bij DEXes maakt deze slimme contracttechnologie een betrouwbare overdracht van munten mogelijk. Er zijn geen in-betweens, die zo zijn ontworpen dat transacties kunnen worden uitgevoerd of teruggedraaid als aan bepaalde voorwaarden niet is voldaan.

Het verkennen van Bitcoin-Monero Atomic Swapping

Farcaster is niet de eerste poging van ontwikkelaars om Monero en andere blokkades te overbruggen voor atoomruildoeleinden.

COMIT Network ontwikkelaars hebben dezelfde technologie onderzocht. In het begin van de ontwikkeling stelden ze een probleem vast rond het gebrek aan ondersteuning van sluizen, het ontbreken van een scripttaal en Monero’s gebruik van de edwards25519 elliptische curve voor het genereren van privé-sleutels.

Of het Monero-team een technische oplossing voor deze opvallende problemen zal vinden, zal bekend zijn als er eenmaal een werkende implementatie op het mainnet is.

GUI v0.17.1.4 van de “Oxygen Orion” Released

Ondertussen is de GUI v0.17.1.4 van de “Oxygen Orion” uit.

Zoals BTCManager meldde, werd de netwerkupgrade medio oktober geactiveerd. Het introduceerde de nieuwe CLSAG, die de prestaties met 10 procent verbetert en de blokgrootte met 25 procent vermindert, waardoor de Monero-transacties lichter en sneller worden.

The Ethereum Foundation plans to sponsor projects that will work in the Ethereum 2.0 stacking ecosystem.

The Ethereum Foundation invites teams that develop tools for broadcast stacking to apply for a grant. Applications will be accepted until 22 December.

“The essence of the programme is to contribute to the development of the community of developers and validators of etherium 2.0,” said the Foundation. “Ideas and projects at any stage of development are welcome”.

It is expected that the etherium 2.0 network with stacking support will be launched on 1 December if at least 524 288 ETH is transferred to a deposit contract.

However, at the moment only 95,136 ETH have been transferred to the contract. Holders of ETHs are probably not in a hurry to transfer their assets, as they currently have little incentive to block the airwaves that can be used, for example, in decentralised finance (DeFi) protocols.

Validators will only be able to withdraw their assets back when the airwaves fully switch to Proof-of-Stake or when the PoW network of the airwaves becomes one of the shards of airwaves 2.0.

Yhdysvaltain oikeusministeriö valaisee valtavaa Bitcoin (BTC) -tapahtumaa, joka siirsi lähes miljardin dollarin arvosta BTC: tä lompakosta, joka oli kytketty rikollisverkkokauppaan Silk Road, joka suljettiin vuonna 2013.

Kyseinen osoite oli tapahtuman ajankohtana maailman neljänneksi rikkain Bitcoin-osoite

Eräänä päivänä BTC: n siirtämisen jälkeen Yhdysvaltain oikeusministeriö (DOJ) ilmoitti takavarikoivansa miljardin dollarin arvoisen BTC: n tähänastiseen suurimpaan kryptovaluutan takavarikointiin.

DOJ väittää nyt , että suuri summa Immediate Edge: tä varastettiin Silk Roadilta vuonna 2013, ja väittää tunnistaneensa varkauteen osallistuneen henkilön, jota virasto kutsuu tiedotustilaisuudessaan nimellä ‘Individual X’.

“Sisäisen veroviraston rikostutkintaosaston ja Yhdysvaltain Kalifornian pohjoisen piirin asianajajaviraston tekemän tutkimuksen mukaan henkilö X oli henkilö, joka muutti salausvaluutan Silk Roadilta.

Tutkimuksen mukaan henkilö X pystyi murtautumaan Silkkitielle ja saamaan luvattoman ja laittoman pääsyn Silkkitielle ja varastamaan siten laittoman salausvaluutan Silkkitieltä ja siirtämään sen lompakkoihin, joita yksittäinen X hallitsi. “

DOJ: n mukaan Silkkitien luoja ja tuomittu rikollinen Ross Ulbricht sai tietää varkaudesta vuonna 2013 ja uhkasi henkilöä X varastetun BTC: n palauttamisesta

Henkilö X ei palauttanut varoja Ulbrichtille, mutta tiistaina menetti lompakon sisällön DOJ: lle.

IRS: n mukaan se pystyi jäljittämään kyseisen yksikön käyttämällä kolmannen osapuolen Bitcoin-analyysiyritystä tulkitsemalla Silk Roadin tapahtumia.