A rival for Tether – The number of USDC on exchanges increased by + 112% in January

The stablecoin market is still largely dominated by Tether (USDT), but its rival USD Coin (USDC) is attracting more and more investor attention… An underlying trend?

Investors looking to USDC

It was the analysis firm Glassnode that noticed this trend in a note to its users. The “ massive influx“ of USDC on the exchanges is recent, since it really started in January, although there has been an increase since the end of 2020:

For the month of January alone, the number of USDCs on the exchanges increased by + 112%, taking it from $ 431 million to $ 915 million . We also note that the price of the USDC is particularly stable at the moment and sticks more to a dollar (USD).

Good news for Bitcoin (BTC) and altcoins?

As Glassnode points out, the news is not only good news for stablecoin enthusiasts, it represents an influx of money for the cryptocurrency field in general:

“This trend is bringing more purchasing power to the cryptocurrency market, which acts as a catalyst on hold, ready to be used for purchases of BTC and other crypto assets . „

Investors often choose stablecoins in order to stabilize their funds before exchanging them for more volatile cryptocurrencies. It is therefore a “bullish” signal, as Glassnode concludes:

“[This influx] can bolster investor confidence that any fall will be easily offset by purchases . “

Tether remains the king of stablecoins

The USDC is of course still far behind Tether (USDT) , which is now firmly established in third place in the ranking of cryptocurrencies by capitalization, with a market cap approaching $ 27 billion currently. But could that change?

Questions continue to be asked about Tether’s reserves, which is supposed to back each USDT to a dollar. Specifically, the stablecoin has been accused of using Bitcoin (BTC) instead of dollars . Its partner bank Deltec has itself left a vagueness about the nature of this reserve .

Tether’s lack of transparency – along with the legal worries this causes the project – could therefore allow other stablecoins like USDC to thrive. The latter has indeed made the opposite choice and proves each month that he holds the same number of dollars as the USDC in circulation, thanks to reports from the firm Grant Thornton. Will this be enough to distract from investors who still largely favor USDT? It remains to be seen.

Bitcoin auf Ethereum nähert sich $ 5 Milliarden als Krypto-Rallye marschiert auf

Der explodierende Bitcoin-Preis hat den Wert des digitalen Goldes auf der Ethereum-Blockchain enorm gesteigert. Aber es zieht auch Token weg.

In Kürze

  • Mehr als 136.000 Bitcoin auf Ethereum sind jetzt 4,9 Milliarden Dollar wert, ein neues Allzeithoch.
  • Die auf Ethereum gesperrten BTC sind tatsächlich um 10% von ihrem Höchststand Mitte November gefallen, da BTC-Inhaber nach dem bemerkenswerten Anstieg Gewinnmitnahmen beobachten.
  • Die BTC-Kursgewinne übertreffen die Abhebungen von der Ethereum-Blockchain bei weitem, wodurch noch mehr Wert für DeFi-Apps entsteht, mit dem sie spielen können.

Bitcoin, die auf der Ethereum-Blockchain gesperrt sind, sind mehr wert als je zuvor, aber Bitcoin-Inhaber haben begonnen, sich anderswo umzusehen, um das Beste aus ihren Investitionen zu machen.

Mehr als 4,8 Milliarden Dollar an Bitcoin sind jetzt auf der Ethereum-Blockchain gesperrt, ein neues Allzeithoch und mehr als 4% der gesamten Marktkapitalisierung von Ethereum, laut dem Blockchain-Datenanbieter Dune Analytics.

Das liegt aber nicht daran, dass mehr Bitcoin in die De-facto-DeFi-Blockchain geflossen ist – tatsächlich ist die Anzahl der gesperrten BTC auf dem niedrigsten Stand seit September letzten Jahres. Die Ursache für den Unterschied ist der steigende Wert von Bitcoin, der immer noch in Ethereum gesperrt ist – ein Trend, der sich fortsetzen könnte, wenn Bitcoin weiter nach oben schießt.

Bitcoin und Ethereum verwenden völlig getrennte Blockchains, aber der Aufstieg von DeFi – die Abkürzung für eine Gruppe von Peer-to-Peer-Finanzprodukten – hat Milliarden von Dollar an BTC in kettenübergreifende „Wrapping“-Dienste gelockt. Bei diesen Diensten handelt es sich um vertrauenswürdige Drittanbieter-Depots oder Wallets, die von automatisierten Smart Contracts gesteuert werden, die native Bitcoin halten und Token gleichen Wertes auf der Ethereum-Blockchain prägen.

Aber warum sollte man sich diese Mühe machen? Die Antwort ist, dass diese Dienste, die meist im Ethereum-Netzwerk existieren, sonst für Bitcoin-Nutzer nicht verfügbar wären.

DeFi stellt eine Sammlung von On-Chain-Protokollen dar, die Smart Contracts verwenden, um automatisch Finanzdienstleistungen wie Darlehen, Asset Swaps oder Zinsen auf Benutzereinlagen anzubieten. Während viele Anwendungen noch sehr experimentell sind, kann das Einzahlen von Token in DeFi, um das Kapital für die Durchführung von Finanzoperationen bereitzustellen, himmelhohe jährliche Renditen bringen, die bei traditionellen Finanzprodukten nicht zu finden sind.

Cross-Chain-Transfers wie Wrapped Bitcoin oder renBTC ermöglichen es Bitcoin-Besitzern, in die Aktion einzusteigen, ohne dass sie ihre BTC-Bestände verkaufen müssen, um Ethereum-basierte digitale Vermögenswerte zu kaufen.

Die Anzahl der auf Ethereum gesperrten Bitcoin erreichte Mitte November ein Allzeithoch von fast 152.000, was einem Wert von ca. 2,5 Milliarden Dollar bei einem BTC-Preis von damals 16.150 Dollar entsprach. Seitdem ist die Anzahl der gesperrten BTC tatsächlich um etwas mehr als 10% gesunken, im gleichen Zeitraum hat sich der Preis von Bitcoin mehr als verdoppelt.

t, anstatt es in Protokolle zu stecken, die, seien wir ehrlich, nicht die beste Erfolgsbilanz bei der Sicherung von Benutzergeldern haben.

Was auch immer der Grund sein mag, die Menge an BTC, die aus den Ethereum-Lockups fließt, war nicht annähernd genug, um den Gesamtwert von seinem weiteren Anstieg abzuhalten. Mehr Wert in DeFi bedeutet bessere Kreditzinsen und Kapazität für noch mehr Nutzer. Selbst wenn ein paar tausend Bitcoin die Branche verlassen, kann der steigende Wert immer noch als positives Zeichen für die aufstrebende DeFi-Branche angesehen werden.

Varför gruvarbetare dumpar inte Bitcoin trots 23 000 dollar

Institutionellt intresse för Bitcoin kan ha lett till nya toppar men gruvarbetare har alltid framstått som de främsta förespråkarna för Bitcoin-prisuppgångar. Så var fallet 2017 och 2020 har det funnits några tecken på att gruvarbetare deltar i prisrallyt.

Bitcoin-gruvarbetarens utflöde har minskat med över 68% sedan november 2020 och fler gruvarbetare väljer att hålla fast vid sin Bitcoin, även till nuvarande prisnivå

Baserat på data från Glassnode har det aktiva utbudet ökat snabbt med tanke på att nästan 97% av Bitcoin- plånböckerna är lönsamma. Förväntningen är att försäljningstrycket kommer att öka, men gruvarbetare kanske inte har svarat på samma som nu.

Betyder detta att gruvarbetare väntar på högre lönsamhet? Gruvarbetare hade kollat ​​genom större delen av september och oktober 2020 och stått för vinst i november 2020. Detta var ytterligare en anledning till en ökning av utbudet till börser och för ökningen av valutareserverna. Reserverna svällde upp i november 2020, men långt innan de nådde tidigare nivåer drogs nyare utbud från börserna.

Ett annat mått som är kritiskt för gruvarbetare men totalt sett mindre populärt är Total Miner Outflow [TMO].

Varför gruvarbetare dumpar inte Bitcoin till och med över $ 23000

Baserat på data från ovanstående diagram är det totala gruvutflödet fortfarande på genomsnittsnivån, mycket lägre än den tidigare tjurkörningen. Under 2017 och i början av 2018 var utflödet av gruvarbetare mycket högre, det sjönk avsevärt under en period av 12 månader. Under prisrallyt 2019, med en kort uppgång i priset, uppstod det ytterligare ett utflöde av gruvarbetare och det nuvarande prisrallyt har ännu inte registrerat en höjning i TMO.

Gruvarbetare går igenom den aktuella prisnivån och räknar med ytterligare prisupptäckter över 24200 dollar, och när utflödet börjar öka är det ett tecken för detaljhandlare att följa prisdiagram noga. Precis som det nuvarande prisrallyt inte ledde till ökningar i Bitcoins prisvolatilitet och nätverksmoment, har det inte visat en ökning i gruvarbeten ännu. Prisnivån kring vilken TMO börjar öka, närmare 2017-nivån, kan vara den nya ATH i några månader om inte ytterligare institutionell aktivitet eller reglering medför plötsliga förändringar i Bitcoins marknadscykel.

„Extremely confident“ – German crypto researcher sees Bitcoin soon at 200,000 US dollars.

Glassnode CTO Rafael Schultze-Kraft deduces that Bitcoin could manage a tenfold increase based on six key figures.

Rafael Schultze-Kraft, the German CTO of crypto market research institute Glassnode, sees several Bitcoin (BTC) metrics at an „extremely promising“ level, so promising in fact that he predicts a tenfold increase in the price over the course of this uptrend.

On December 9, Schultze Kraft posted a Twitter thread in which he arrives at the very optimistic assessment and explains the logic behind it. Accordingly, he cites six „of the most important metrics“ that are currently at similar levels as they were at the beginning of Bitcoin’s 2017 record run.

For each metric, Schultze-Kraft infers a multiplication of the bitcoin price into the six-figure range, with all but one even pointing to a price value of more than $200,000.

To arrive at these forecasts, Schultze-Kraft took as a starting point for each metric the value that the metric currently has. He looked at this for 2017, calculating the percentage gain in the bitcoin price from its then level to its record high. He has in turn applied this percentage gain to the current bitcoin price, which leads him to the price targets he predicts.

First, Schultze-Kraft points to the „Net Unrealized Profit/Loss“ (NUPL), a metric that „shows the difference between unrealized gains and losses since the last movement of the Bitcoin currency units under consideration.“ The NUPL is currently back at 78% of its 2017 record high.

At that time, a gain of 1,400% followed, which in turn allowed the NUPL to capture its previous record high of 201. If similar happens this time, such a gain would carry Bitcoin’s price up to $286,000.

The next metric is the „Market Cap to Thermocap Ratio,“ which relates Bitcoin’s market capitalization to the total profit made by Bitcoin miners. The MCTC currently stands at a quarter of its record high in 2017, when Bitcoin gained 625%, which also catapulted the ratio to new heights. Currently, a similar increase would result in a price of $138,000.

The „MVRV Z-Score“, which in turn compares whether Bitcoin is overvalued or undervalued relative to its „fair“ market value, currently stands at 34% of its 2017 record high, which was followed by a price increase of 1,150%. Such an upswing would see the market-leading cryptocurrency currently climb to $240,000.

As Kraft-Schultze explains, the metrics that track the long-term behavior of Bitcoin investors are quite indicative of strong gains.

For example, the long-term „MVRV,“ which shows the average gain or loss of all circulating bitcoin, and the long-term „SOPR,“ which breaks down the total gain and loss since certain bitcoin last moved, each show a value 13% of the 2017 record high. At that time, the price gained 1,340% and 1,620%, respectively, which would mean values of $274,000 and $328,000 for the current bitcoin price.

„Reverse Risk“ a metric that measures long-term investor confidence relative to the price, also suggests the price could jump as high as $240,000, as it currently stands at just 11% of its 2017 record high.

Despite all the „promising“ metrics, however, Kraft-Schultze cautions his followers to „take them with a grain of salt“ because each is just a single data point. Nonetheless, his conclusion remains very optimistic:

„What I’m saying is that these bitcoin metrics are currently far from their levels during the record high of 2017.“

So there is still a lot of upside for the price, if Schultze-Kraft and the metrics he presents are to be believed.

Meanwhile, his crypto market research firm, Glassnode, released a report on Dec. 8 that predicts Bitcoin will initially experience a downturn before continuing upward to new record highs. It states:

„Initially, there will be a downward or sideways move as investors unwind the gains they made during the recent climb.“

So while there could be rain in the short term, Glassnode, like Schultze-Kraft, remains confident that there is plenty of sunshine in store for bitcoin investors in the long term.

France introduces KYC compulsory for Bitcoin brokers

Justitia holds in her hand the scales of justice on which two Bitcoin coins hang. The flag of France can be seen in the background.

In a press release from the French Ministry of Finance, the government has revealed stricter KYC regulations for crypto transactions

On December 9, France’s Finance Minister Bruno Le Maire let the crypto cat out of the bag and updated the lawrevealed, which sets stricter know-your-customer regulations for all crypto companies operating in the country, including for peer-to-peer transactions. The revised version of the Bitcoin Revolution could put an end to the anonymity of the French crypto space.

In order to avoid the rude awakening with the tax return in 2021, it is important to realize losses now, secure liquidity, preventively control tax debts and take a close look at the portfolio.

How it works?

From now on, crypto providers will be forced to validate the identities of their users. Anonymous accounts are banned. Cooperation with national secret services and the freezing of assets will also be made mandatory. France cites general security and attractiveness aspects as a reason, above all the fight against money laundering and the financing of terrorism. In the press release, the ministry refers to a recent break-up of a terror network in September, which is said to have used transactions in digital assets. Crypto providers have until mid-2021 to make the necessary adjustments.

France as a prosperous blockchain location

The recently published report by the EU Blockchain Observatory provides a detailed overview of France’s blockchain economy. The country has a considerable number of blockchain start-ups. They are helped by state subsidies such as aid funds. A state fund has already invested almost 300 million euros in infrastructural projects for young companies in the crypto sector. In addition, there are measures to reduce bureaucracy, such as the PACTE law, which removes barriers to founding startups. France is trying to establish the country as a leading hub in the crypto space.

G7 is in favor of crypto regulations

France is now putting comprehensive regulations for the crypto space into force from next year. The country is thus following the recommendations of the Financial Action Task Force (FATF) and the G7. The finance ministers of the seven most important industrialized nations in the West agreed on Tuesday in favor of regulation. So one could see a press release from the US Treasury Department Inferring that the developing crypto landscape wants to set regulations in order to prevent its use for „malicious purposes and illegal activities“.

5. EU money laundering guidelines as a basis in Germany

With the amendment of the law in France, the government is also following the 5th update of the money laundering guidelines of the European Union, which came into force in January 2020. This directive has also been in force in Germany since the beginning of the year. Since then, crypto providers have been included in the group of obligated parties under the Money Laundering Act in Germany. According to this, for example, credit institutions, insurance companies and now also providers of cryptocurrencies are obliged to keep customers in a transparency register, where proof of identity must be stored. This largely eliminates the anonymity feature that is characteristic of cryptocurrencies, which is now also disappearing in France.

Bitcoin è buono per PayPal, ma PayPal è buono per Bitcoin?

I numeri aumentano! Si vive una volta sola.

Sono due memi crittografici per descrivere come l’industria dei crittografi ha celebrato l’annuncio di PayPal che, a partire dal 2021, permetterà ai suoi 345 milioni di clienti in tutto il mondo di acquistare e vendere bitcoin (BTC, +6,48%) e altre valute dai loro conti.

Ajit Tripathi, editorialista di CoinDesk, è il co-ospite del podcast di Breaking Banks Europe. In precedenza, è stato partner Fintech presso ConsenSys ed è stato co-fondatore di PwC’s U.K. Blockchain Practice.

Poco dopo, l’euforia della crittografia ha raggiunto nuove vette quando la più grande banca del sud-est asiatico, la DBS, ha annunciato l’intenzione di lanciare un vero e proprio scambio di crittografia. L’annuncio è stato successivamente rimosso dalla banca, ma la comunità dei crittografi aveva già trovato motivi sufficienti per portare il bitcoin da 10.000 a 14.000 dollari in due settimane.

L’annuncio della DBS è stato certamente più sorprendente per tutti perché si riferiva al servizio come a un crypto exchange. A differenza dell’app di crypto trading di Revolut, che permette a Revolut di negoziare il capitale per i propri clienti e di compensare il rischio di creare un margine nel processo, l’annuncio di DBS si riferiva a uno scambio piuttosto che a un’app o a una funzione. Dal momento che ho assistito in prima persona alla riluttanza di un’altra banca di alto livello a dare un conto bancario a Coinbase nel 2017, la notizia (anche se ritirata) è stata tanto emozionante quanto lo è stata in senso professionale.

Va bene per Bitcoin?

I commentatori, sia dal lato pro moneta che da quello no-coin, erano scettici sui piccoli passi di PayPal. I credenti sono delusi dal fatto che i clienti di PayPal possono spostare il cripto solo all’interno della rete di PayPal (non è possibile prelevare o depositare il bitcoin). Gli scettici non sono sicuri che l’integrazione della crittografia di PayPal abbia dato qualcosa di veramente nuovo all’esperienza di pagamento dei clienti. Alcuni hanno riconosciuto che un gigante come PayPal può fare solo piccoli passi e permettere i prelievi criptati dalla rete di PayPal è sempre stato troppo rischioso dal punto di vista dell’antiriciclaggio.
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Due commentatori di fintech, tuttavia, sono arrivati al nocciolo della questione, notando che Bitcoin è buono per PayPal. Prima Simon Taylor di FT ha sottolineato come Bitcoin abbia aumentato il coinvolgimento dei clienti per l’applicazione Cash App di Square, e poi Ron Shevlin, scrivendo su Forbes, ha evidenziato che la necessità di competere con Cash App ha probabilmente spinto Paypal ad adottare Bitcoin.

Ho festeggiato anche io l’annuncio di PayPal, anche se per un motivo diverso. Il vero valore dell’annuncio di PayPal non è che la gente potrà comprare e vendere cripto. La gente può comprare e vendere cripto già su piattaforme p2p come Paxful e i numerosi scambi di cripto globali e locali in tutto il mondo. È che una piccola percentuale dei 345 milioni di clienti di PayPal sarà motivata a conoscere la crittografia, e una grande percentuale dei concorrenti di PayPal sarà motivata a vedere il settore sotto una luce completamente diversa. In combinazione, questi due fattori porteranno decine di miliardi di dollari in attività di vendita al dettaglio in crypto nei prossimi due anni, trasformando i minnows in tonni e i tonni in balene.

Ora che sappiamo cosa ci aspetta, non dovremmo tutti lasciare il lavoro dell’era COVID e andare in pensione?

No, davvero, ed ecco perché. Dove vanno le banche, segue il regolamento. Al di fuori degli Stati Uniti, le autorità di regolamentazione hanno avuto un approccio relativamente laissez faire all’industria del cripto. La Cina e l’India, che hanno vietato il bitcoin o le valute virtuali in diversi momenti, non hanno applicato tali divieti nella pratica. Anche gli Stati Uniti sono stati flessibili nell’interpretazione della regolamentazione in materia di titoli e di protezione dei consumatori. Questo per due motivi. In primo luogo, la maggior parte delle autorità di regolamentazione ha visto il crypto come una ricerca marginale dei nerd. E secondo, si sono sentiti a loro agio nel fatto che il sistema bancario fiat non è esposto ai rischi derivanti dall’ecosistema cripto.

Fino al 2018, i regolatori hanno scoraggiato le banche dal lavorare con le imprese di crittografia. Nel 2016-2017 le borse cripto hanno adottato monete stabili come Tether (USDT, -0,03%) e nel 2019 hanno infranto la „barriera fiat-crypto“ regolamentare, collaborando con le piccole e medie imprese di pagamento prive di licenze bancarie. Oggi, le principali borse come Coinbase, Kraken, Blockchain.com e Binance hanno tre o quattro partner bancari nelle principali giurisdizioni con nuovi canali di pagamento fiat-to-crypto che vengono online ogni settimana. In effetti, le banche servono pagamenti che servono cripto ma raramente servono cripto direttamnte.

Dove i regolatori tracciano il confine

Per questo motivo l’annuncio del DBS è molto più significativo dell’annuncio di PayPal. Non sappiamo dall’annuncio che il DBS terrà il cripto sul suo bilancio. Ma se la banca gestisce una borsa, è probabile che sia così.

A differenza di PayPal, che offre principalmente pagamenti e piccoli prestiti al consumo, la DBS è una banca che accetta depositi assicurati dai clienti e concede grandi prestiti sia a privati che a Istanbul.

Mezzo miliardo ritirato da Huobi mentre la Cina intensifica la guerra contro i Bitcoin

Si stanno diffondendo voci che le autorità cinesi hanno messo sotto inchiesta Zhu Jiawei, il COO di Huobi, una borsa cinese gestita da un fiorente mercato Over the Counter (OTC) che serve la Cina.

A quanto pare Jiawei è una figura criptica ben nota in Cina

A quanto pare Jiawei è una figura criptica ben nota in Cina, avendo reso popolare il Crypto Trader in Cina, con alcuni che lo descrivono come il PR. È tornato a Pechino dove alcuni suggeriscono che sia stato arrestato ieri. Huobi lo nega, affermando:

„Siamo venuti a conoscenza di voci all’interno della nostra comunità sull’arresto di un alto dirigente Huobi da parte di funzionari locali. Possiamo condividere con fiducia che queste voci sono false“.

Nonostante questa smentita, i depositanti di Huobi hanno ritirato circa mezzo miliardo di dollari e continuano a ritirarsi dalla borsa e dal mercato peer to peer. Huobi dice di utilizzare un sistema multifirma di 15 tasti, quindi anche se le voci sono vere, i prelievi non dovrebbero essere influenzati.

Per OKEx, che di solito è visto come uno scambio tra sorelle di Huobi, l’arresto di un alto dirigente ha portato alla sospensione dei prelievi per ora due settimane. Questa è l’ultima notizia che esce dalla totale repressione della Cina contro il commercio di bitcoin con le autorità cinesi, che ora sembra interferire con le imprese che operano al di fuori della Cina.

Hanno sospeso i conti e hanno persino arrestato numerosi trader OTC

Hanno sospeso i conti e hanno persino arrestato numerosi trader OTC, con il Partito Comunista Cinese (PCC) che ora sembra stia dando la caccia agli stessi operatori delle piattaforme di trading. Un esercizio inutile come un contratto intelligente basato su ethereum o qualcosa come Bisq di Bitcoin può facilmente replicare le piattaforme di Huobi o OKEx.

Eppure CCP sta chiaramente cercando di fare il possibile per proibire l’acquisto di bitcoin. Mentre per quanto riguarda la vendita di bitcoin, hanno facilitato l’industria mineraria del bitcoin attraverso sussidi energetici a basso costo in aree idrauliche remote.

Questo approccio ostile e protezionista in molte aree commerciali ha indurito gli atteggiamenti contro la Cina in gran parte dell’Europa e dell’America. Per quanto riguarda il bitcoin, tuttavia, il mercato è troppo annoiato dal fatto che la Cina lo vieti, quindi non ha avuto molto effetto sul prezzo, presumibilmente perché il mercato sa che non può vietare il bitcoin, sta solo mostrando i suoi veri colori autoritari.

 

 

China has announced that an offline wallet for the digital yuan is ready for testing.

It is expected that transactions will be used in the next pilot phase of the digital yuan project in order to transfer funds without an internet connection on both sides. This is reported by 8btc with reference to the Director of the CBDC China Institute.

Changchun Mu said that the application „is fully developed and has a user-friendly interface“.

According to the official, public enthusiasm for participation in the pilot project initiated by the Shenzhen Municipal Government has exceeded his expectations.

On 12 October, the city authorities distributed 50,000 „red envelopes“ The winners received 200 digital yuan each, with the opportunity to spend money at 3,389 outlets.

Almost 2 million Shenzhen citizens have applied for the lottery.

The experiment was the first option to Bitcoin Era test a payment system based on the digital currency of China (DCEP) with public participation. According to Mu, the pilot used relatively simple payment-related CBDC functions.

Previously, the People’s Bank of China had chosen large companies and state financial institutions for the test.

The fact that the developers of the DCEP application will provide for offline transfers between mobile phones became known after the pilot was completed in Shenzhen.

Dovi Wan, managing partner of Primitive Ventures, believes that with the transition to DCEP, the central bank will gain even greater control over monetary policy.

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Binance Coin (BNB) tries to pass historic high

Binance Coin is trading between the support at $ 26.80 and resistance at $ 31.80.

BNB could move within an ascending triangle.

The price completed a bullish pulse pattern

The Trust Project is an international consortium of news organizations based on transparency standards.

Binance Coin (BNB) is trading very close to a long-term resistance zone, which it has been looking to break above for ten days.

While the direction of the next move is not entirely clear, a passage of this resistance seems the most likely.

BNB price began a rapid upward movement after falling sharply on September 4. In just ten days, the price managed to regain all of its previous losses to reach a new annual high of $ 33.35 on September 14.

After corrective movement, BNB has regained the $ 26.70 area which should now serve as support. On the other hand, the next resistance is at $ 31.70.

Since the beginning of October, BNB has been trading between these two zones, although it is closer to resistance

Cryptocurrency trader @ raticoin1 shared a BNB chart, claiming that if the price breaks its current resistance it could rise to $ 40 and then hit a new all-time high.

The resistance zone indicated in the tweet is the $ 31.70 zone, highlighted in the previous section. BNB has also been following an ascending support line since September 4 which forms an ascending triangle when combined with resistance.

Technical indicators in the daily data are bullish / neutral. The MACD, RSI and Stochastic Oscillator are positive, but their rise has stopped and they are showing a relatively neutral slope.

That said, in the event of a resistance crossing, we would get a target of $ 40 by projecting the length of the triangle onto the advancing point and the resistance zone.

The long-term chart supports this possibility, knowing that it shows that the price has already passed the fibonacci level 0.618 of the entire decline. This is a very common level for the end of a correction.

Also, if BNB breaks the current resistance zone (fibonacci level 0.786), the road to $ 40 would not present any further major resistance.

El uso de la fusión en efectivo se incrementó en un 328%, 200 millones de dólares en BCH fusionado y cerca de 20.000 fusiones

Cashfusion, la solución para mejorar la privacidad de la red Bitcoin Cash está a punto de cumplir un año y durante los últimos cuatro meses, las fusiones han aumentado en un 328,93%. El protocolo ha completado recientemente una auditoría de seguridad y las fusiones se acercan a los 20.000 con cerca de 200 millones de dólares en efectivo de Bitcoin fusionados hasta la fecha.

El 28 de noviembre de 2020, el protocolo de fusión de efectivo para la red Bitcoin Cash (BCH) celebrará el hito de un año de funcionamiento hasta la fecha. En el momento de la publicación, las estadísticas del portal web stats.devzero.be/#/fusion muestran que se han procesado aproximadamente 19.658 fusiones desde el pasado noviembre.

Hace cuatro meses, news.Bitcoin.com informó sobre el protocolo de más de 9 millones de dólares de fusiones del BCH y 4.583 fusiones. Los datos actuales revelan que el uso de Cashfusion ha aumentado un 328,93% desde ese informe.

El incremento en el uso de Cashfusion saltó mucho después de que el protocolo completara una auditoría de seguridad de Kudelski Security. Junto a esto, la participación de Cashfusion también aumentó cuando los niveles de fusión se ampliaron de 0,82 BCH a 8,2 BCH. La expansión permite que se fusione una cantidad 10 veces mayor de dinero en efectivo de bitcoin Profit Secret. Además, hasta la fecha se han fusionado 791.310 BCH y, utilizando el tipo de cambio actual, eso supone 193 millones de dólares de dinero en efectivo en forma de bitcoin.

Los defensores de Bitcoin Cash son grandes fans del protocolo Cashfusion ya que creen que el software es más avanzado que las prácticas tradicionales de coinjo. Por ejemplo, el analista de datos James Waugh probó Cashfusion con miles de transacciones y encontró que la fusión es mucho más práctica que otros métodos de coinjoin. Waugh examinó una serie de entradas y salidas de transacciones y se dio cuenta de que „no es posible establecer un vínculo concreto“ entre ellas.

Ello se debe a que los creadores de la fusión de monedas optaron por eliminar el requisito de la igualdad de cantidad que se encuentra tradicionalmente en las entradas y salidas de la fusión de monedas. En un documento publicado titulado „Analyzing the Combinatoric Math in Cashfusion“ (Análisis de las matemáticas combinatorias en la fusión de monedas), el desarrollador de Electron Cash, Jonald Fyookball, explica el proceso con gran detalle.

Cuando James Waugh probó las afirmaciones de anonimato combinatorio y dijo que „es imposible determinar la verdadera forma en que las entradas y salidas se relacionan realmente (ya que hay múltiples combinaciones posibles de formas de conseguir que las entradas y salidas se equilibren)“.

Además del aumento de la acción de Cashfusion, los partidarios del BCH siguen aprovechando también el protocolo de Cashshuffle. Cashshuffle se puso en marcha en marzo de 2019 y también completó una auditoría de seguridad de Kudelski Security.

El portal web stats.cash/#/shuffle muestra que ha habido 60.614 shuffles usando Cashshuffle desde su inicio. A mediados de septiembre, los shuffles bajaron un montón, ya que más usuarios empezaron a acudir al protocolo Cashfusion desde que se ampliaron los niveles de auditoría y fusión de seguridad. Aún así, se han barajado 271.962 BCH por un valor de 66,5 millones de dólares hoy en día.