Wastered

More and more details about the digital yuan are coming to light.

The planned digital yuan is said to work with the main payment networks in the country

Mu Changchun, head of the digital currency research institute at People’s Bank of ChinaChina, said the digital yuan issued by the central bank will work with major mobile payment service providers such as WeChat Pay and Alipay.

According to a report from the South China Morning Post, Mu said at a conference that the digital yuan will not compete with WeChat Pay and Alipay:

„They don’t operate in the same dimension. WeChat and Alipay are wallets, while the digital yuan is the money in the wallet.“

These statements contradict previous reports from local sources that China is planning to launch its digital currency as an alternative to the two payment giants.

The digital yuan is currently available to selected users via an exclusive mobile wallet application. At the conference, Mu said that among the mobile wallets for the digital yuan, there are also fakes. Several such fake digital wallets for the yuan are already on the market.

Mu said reducing the impact of counterfeit wallets was only possible if everyone involved, from the central bank to users, took the necessary precautions

Mu also stated that the digital yuan operates with a centralized infrastructure. This distinguishes it from private currencies such as Facebook’s Libra and Bitcoin ( BTC ).

China is making rapid strides on its central bank digital currency . Last week, it published a bill to create a legal framework for the digital yuan. The central bank is currently conducting pilot tests for its CBDC across the country.

Local authorities distributed $ 1.5 million worth of digital yuan to 50,000 out of 1.9 million people who applied for a giveaway.

Bitcoinin puhkeaminen viime viikolla on herättänyt tämän alan ja sen ulkopuolisten ihmisten huomion . CNBC ja Bloomberg käsittelivät näitä siirtoja ylöspäin laajasti, ja JP Morgan muun Wall Streetin sijoituspalveluyritysten ja analyytikkojen joukossa punnitsi rallia.

Analyytikoiden mukaan ei ole vielä aika olla täysin innoissaan. Monet kommentaattorit sanovat, että 14 000 dollarin rikkominen Bitcoin Code on tärkeää, koska kyseinen taso on ollut makrotaloudellisesti viimeisten kolmen vuoden ajan.

Katoako kaikki helvetti, kun Bitcoin osuu 14000 dollariin?

Näkyvä salakirjoitusanalyytikko Qiao Wang uskoo, että kun Bitcoin rikkoo 14 000 dollaria, markkinat siirtyvät “ eri järjestelmään volatiliteetin, vauhdin, vähittäiskaupan osallistumisen ja niin edelleen“ suhteen:

„Kun BTC rikkoo $ 14k, olemme todennäköisesti eri järjestelmässä volatiliteetin, vauhdin, vähittäiskaupan osallistumisen ja niin edelleen suhteen. Monet viime kuukausina toimineet asiat eivät ehkä enää toimi ja päinvastoin. 20 000 dollaria vie tämän järjestelmän uudelle tasolle. Vain aavistus. Katsotaan.“

Syy, miksi tällainen painotus asetetaan 14000 dollariin, on se, että Bitcoinin joulukuun 2017 kynttilä sulkeutui, ja myös suuntaus ylitti melkein täydellisesti vuoden 2019 puomin aikana. BTC: n moninkertaiset makrovaikutukset olivat 14 000 dollaria, mikä viittaa siihen, että päättäväinen rikkominen ja pitäminen tämän tason yläpuolella merkitsisi muutosta markkinarakenteessa.

Vaikka Qiao Wang ei tarkentanut, minkä tyyppiset trendit muuttuvat salausmarkkinoilla, on syytä huomata, että futuurimääriä on vähän yli 14 000 dollaria

Analyytikko “CL” jakoi alla olevan kaavion Bitcoinin viime viikolla vallinneen nousun keskellä ja totesi, että ”Lähes kukaan nykyisillä johdannaismarkkinoilla ei ole koskaan käynyt kauppaa merkityksellisesti nykyisen tason yläpuolella.”

Institutions take record high bets on Bitcoin futures (BTC), ignoring the Exchange’s missteps.

Recently, institutions raised their bullish bets on Bitcoin futures (BTC). Naturally, they’re listed on the Chicago Mercantile Exchange (CME), at the record level set last month.

As a result, the growing interest in CME futures indicates increasing institutional activity.

It is worth noting that some traders may have interpreted the agonizing 87 days it took to finally break the US$ 10,000 resistance. As a negative experience, considering it a bearish market.

Square is betting heavily on Bitcoin

Bullish bets on Bitcoin futures

Indeed, in the week leading up to October 13. Institutional investors took the bullish bet count to a record 3,500 contracts reached in mid-September.

Under these circumstances, the numbers were published on Friday. Precisely, by the U.S. Commodity Futures Trading Commission (CFTC).

In particular, Bitcoin’s (BTC) recent resistance to various problems may have given the institutions the confidence to increase their bullish bets. This would be excellent news.

So, the crypto currency remained largely above $10,000 at the beginning of this month. Despite the news about the KuCoin hack. Also, for the filing of criminal and civil charges against BitMEX.

Forecast: Bitcoin Price (BTC) begins correction

KuCoin Hacking

In a sense, approximately $281 million of the funds were committed. By a security breach.

By the way, KuCoin, based in Singapore said in a statement that it detected large withdrawals of tokens from Bitcoin (BTC) and Ethereum (ETH) to an unknown wallet.

For its part, KuCoin is investigating the hacking with international law enforcement. Very importantly, the stolen money will be fully covered by an insurance fund.

Price of Bitcoin fell after Trump ads

Charges against BitMEX

In these circumstances, the U.S. Commodity Futures Trading Commission (CFTC) and federal prosecutors. They are charging BitMEX with facilitating unregistered trading and other violations.

In this regard, the CFTC has accused BitMEX of executing futures transactions at an unregistered exchange and offering illegal options. In addition, of not registering as a trader for futures commissions and other charges.

In general, the official BitMEX Telegram group indicated that the platform was functioning normally. Basically, recommending users to contact their support page if they have further questions.

Bitcoin could be worth $1 million by 2025

OKEx suspends withdrawals

Similarly, buyers defended support at $11,200 on Friday. After the prominent OKEx suspended withdrawals.

Specifically, the suspension was due to one of its private key holders being out of contact with the Exchange. Allegedly, because they were being held by the police.

That is why, Vishal Shah, founder of Alpha 5. suggested that the news could put OKEx’s trading venue in a bad position. But, that has little effect on Bitcoin’s reputation.

According to Patrick Heusser, a senior cryptomoney trader at Zurich-based Crypto Broker AG, „Cash trading may have driven Bitcoin’s downward bets to record highs.

Undoubtedly, Bitcoin has shown resistance to major negative news in recent weeks. As a result, institutions are taking upward bets on Bitcoin (BTC).

Even Sui Chung, CEO of CF Benchmarks, said, „If these events had occurred last year, the downward impact on Bitcoin’s price would have been much greater.

In conclusion, there is no single indicator that provides certainty about Bitcoin’s short-term price movements. The growing appetite of institutional investors points to an upward momentum. What do you think about this? Leave your opinion in the comment box.

I’ll say goodbye with this quote from John Dewey: „Luck, bad or good, is always with us. But, it has a way of favoring the smart and turning its back on the stupid“.

O crescimento explosivo da DeFi em nada diminuiu as críticas da cripto-indústria. Na verdade, o aumento no uso e na popularidade atraiu duras críticas de participantes da indústria, todos os quais classificaram o DeFi como uma bolha.

Agora, Anthony Pompliano, o cofundador da Morgan Creek Digital, fez eco a uma opinião semelhante

Em um tweet em resposta a outros participantes da indústria que têm defendido a onda DeFi, o maximalista Immediate Edge declarou que “golpes de DeFi”, os defensores também estavam por trás dos golpes de ICO.

Embora todos os ICOs não tenham sido muito fraudulentos, apenas alguns sobreviveram e, quando comparados ao DeFi, muitas cripto-personalidades discordaram que o DeFi é de fato uma farsa. O argumento de Pompliano remonta a um tweet anterior no qual ele argumenta que DeFi é mais centralizado do que mostra ser. Citando que a maioria dos nós Ethereum são executados nos serviços da Web da Amazon (AWS), Pompliano sugere que Jeff Bezos poderia restringir a maioria dos aplicativos DeFi na rede Ethereum.

Controle sobre aplicativos DeFi

Respondendo, a maioria das cripto-personalidades discordou que Ethereum não era tão centralizado que ele afirma. Camila Russo, membro da equipe de uma plataforma de pesquisa DeFi, esclarece que apenas 37% dos nós hospedados estão na Amazon, enquanto 70% estão hospedados em outras plataformas.

Ainda há espaço para descentralização

O grande problema pode não ser uma quantidade menor de nós sendo conectados ao AWS, mas a possibilidade de que o Ethereum pode não ter tanto controle sobre sua rede quanto afirma ter. Se, por exemplo, a Amazon mergulhar na criptomoeda criando seu próprio Blockchain e moeda digital no futuro, mais de 20% da eficiência da rede pode ser perdida e os preços também podem ser adulterados.

Pior ainda, se outros serviços em nuvem encerrassem os nós Ethereum, quase toda a rede poderia ser apagada instantaneamente. Com o Ethereum se autodenominado como uma rede descentralizada, apesar de ter grande parte de seu ecossistema distribuído em outras plataformas, é compreensível que os usuários do Ethereum desconfiem da rede e de onde o controle realmente está neste ponto.

Enquanto isso, muitas cripto-personalidades estão de lado sobre o nível de crítica que está sendo lançada sobre Ethereum, particularmente de maximalistas Bitcoin. Erik Voorhees e Alex Saunders responderam de forma semelhante, dizendo que os críticos do Ethereum eram semelhantes aos críticos do Bitcoin, que a maioria puxa o Bitcoin de um ponto de vista extremamente subjetivo.