Op De Eck

I och med att Ethereums avgifter ökade till nya toppar mitt i Ethers uppgång till nya prishöjder, har avgifterna för att använda några komplexa DeFi-protokoll ökat till över 1 000 dollar.

Ethereums gasavgifter höjs igen till rekordhöjder, vilket gör många decentraliserade finansprotokoll oanvändbara för tillfälliga investerare

Efter att ha ökat med cirka 20% under det senaste dygnet, ligger de genomsnittliga Ethereum-transaktionsavgifterna nu på 17,67 $ rekord .

Med många DeFi-projekt som kräver genomförande av komplexa smarta kontrakt finns det rapporteringsavgifter förknippade med att använda protokoll som kräver komplicerade transaktioner nu överstiger $ 1 000.

Mitt i kaoset rapporterade Twitter-användaren „Olive Allen“ uppskattade gasavgifter på nästan 5 000 dollar för att acceptera ett bud på Rarible

När Cointelegraph kontrollerade tidigare idag uppskattades en enda stor transaktion på Synthetix till över 1100 $ – protokollet genomgår dock en uppgradering som kan påverka uppskattningarna.

Men även enkla byten med decentraliserade börser Uniswap och SushiSwap kostar från $ 40 till $ 75.

Som svar på de höga avgifterna varnade ConsensusRough podcast-co-host ‚Checkmate‘ DeFi-användare att överväga kostnaderna för att genomföra smarta kontrakt innan de investerar.

Han delade skärmdumpen av en användare som påstår sig visa uppskattade gasavgifter som överstiger priset på Ether. (Även om detta kunde ha varit förfalskat, är det i stort sett i linje med liknande rapporter).

Billionaire Elon Musk, CEO of Tesla and SpaceX just changed his Twitter bio to „#Bitcoin“, and surprisingly as it sounds, his action instantly triggered a rise in the price of Bitcoin (BTC).

Elon Musk Raises Bitcoin

Followed by nearly 44 million people on Twitter, entrepreneur Elon Musk recently changed his Twitter bio to „#bitcoin“ . Although it may seem completely trivial at first glance, its action caused a meteoric rise in the price of Bitcoin (BTC).

Shortly after changing his bio, Elon Musk tweeted, „In hindsight, it was inevitable.“ Many believe that Elon Musk is talking about Bitcoin here, and that his mentioning it was only a matter of time.

It didn’t take more for Bitcoin to react. The queen of cryptocurrencies soared to $ 37,000 , while it has stagnated for a few days around $ 30,000 – 32,000. A spectacular increase of almost 16% in just 30 minutes.

It is often difficult to say with certainty that any movement in Bitcoin is due to any particular event.

In the vast majority of cases, this is a correlation of several actions

But in this case, it is undeniable that the action of Elon Musk is at the origin of this upward surge in the price of Bitcoin. As of this writing, Bitcoin continues to climb and market volatility is peaking.

Note also that the capitalization of Bitcoin increased from 600 to 680 billion dollars following the action of Elon Musk. An 80 billion dollar Twitter bio change …

Will the „Elon Effect“ allow Bitcoin to return above $ 40,000 and even break its all-time high of $ 42,000? Only time will tell.

O Bitcoin quebrou muitos níveis de suporte cruciais e acabou negociando perto de US$ 28.500, de onde começou a corrigir as perdas. Pelo lado positivo, os níveis de resistência de $30.800 e $31.000 são significativos para a correção contínua. A falha em quebrar a resistência nos níveis acima mencionados poderia abrir espaço para mais perdas em torno dos níveis de suporte mais próximos de $28.800 e $25.800.

Na época da imprensa, os touros Bitcoin

Na época da imprensa, os touros Bitcoin estão enfrentando rejeição, pois a marca de preços de US$ 31.700 continua a cair, juntamente com as perdas diárias que agora totalizam 11% na época deste relatório. Os sentimentos do mercado são mistos e os analistas continuam a pesar no mercado de ursos, o que eles já chamam de necessário para uma aquisição em alta inigualável.

Indicadores na cadeia como o SOPR (spent output profit ratio), um sinal que acessa o comportamento de longo prazo dos investidores está diminuindo à medida que menos Bitcoin está sendo movido para lucros extremos. Este sinal que antes tinha aumentado 13% em dezembro, indicando que um aumento completo de 100% poderia enviar a Bitcoin a um preço nunca antes visto de 328.000 dólares pode não estar em seu estado mais alto, mas o investidor e CTO da Glassnode Analytics revela sua disponibilidade para comprar a queda, talvez na esperança de que uma correção no preço esteja logo ao virar da esquina.

A recente ação de preço #Bitcoin não é surpreendente, dado um SOPR estendido em excesso (ver linha cotada).

O SOPR está diminuindo em direção a 1, menos $BTC está sendo movimentado na cadeia com lucros extremos.

Estou me preparando lentamente para #BTFD.

Especulações de que a cadeia de bloqueio Bitcoin

Enquanto isso, especulações de que a cadeia de bloqueio Bitcoin foi interrompida e as Bitcoins foram roubadas têm sido feitas rodadas em crypto-twitter. Este tipo de roubo de Bitcoin conhecido como „gasto duplo“ acontece quando uma cópia da transação da moeda é enviada pelo ladrão de Bitcoin para provar a legitimidade ou toda a transação é liberada por completo. Estes foram rapidamente desmascarados por analistas que observaram que um gasto duplo não acionou o mercado de ursos, acrescentando que não houve gasto duplo em absoluto.

Além disso, o padrão histórico da Bitcoin perdendo 80% de seu valor após uma alta de todos os tempos tem causado a FOMO na comunidade. Entretanto, é importante notar que a correção de 80% de queda do preço geralmente acontece após um aumento de 20x no preço atual.

Caso a Bitcoin siga este padrão, um aumento de preço de 77,86% (mais de $50.000) deve ser registrado antes que a grande queda de preços aconteça. Em geral, os analistas sugerem que a compra da bitcoin pode ser potencialmente compensadora, visto que as baleias também estão aguardando uma correção a curto prazo. Alternativamente, outros procuram abrigo. Embora os altcoins tenham obtido ganhos com o fim de semana passado, estes ganhos não foram sustentados durante a semana.

Crypto Long & Short: Bitcoin är mer än en häck mot inflation – Det är en häck mot ‚Crazy‘

När året som kändes som ett decennium på hastighet börjar välkomnas, börjar några av oss försöka förstå tidslinjen för berättelser och händelser. De flesta av oss (inklusive mig själv) misslyckas. Och det är i sig en spännande berättelse som belyser bitcoins rally.

Håll med mig medan jag försöker förklara.

• Å ena sidan har vi en snabb ökning av bitcoin-priset (BTC, + 0,38%) och sammanfaller institutionellt stöd från traditionella investerare och företag som ser potential i kryptotillgångar och marknader.
• Prenumerera på Crypto Long & Short, vårt veckovisa nyhetsbrev om investeringar.
• Genom att registrera dig får du e-postmeddelanden om CoinDesk-produkter och du godkänner våra villkor och sekretesspolicy.

Å andra sidan har vi motstridiga ekonomiska och sociala trender. Vi har blind tro på vaccinernas kraft kombinerat med förkastande av Bitcoin Revolution vetenskapen om virusöverföring; penningpolitik utformad för att uppmuntra utlåning i kombination med banker som inte är villiga att göra det; växande intresse för värdet på tillväxtmarknader i kombination med en eskalerande risk för fallissemang; ökad ojämlikhet i kombination med större protestmakt; Jag skulle kunna fortsätta …

Dessa motstridiga krafter och osäkerheten som virvlar runt dem bör uppmuntra oss att titta noga på rådande berättelser. Ändå har de av oss som tittar på det växande institutionella intresset för bitcoinmarknader accepterat utan tvekan antagandet att bitcoins inflationssäkringskvaliteter ligger bakom det.

Deflationsdebatten

Låt oss först titta på ett annat par motstridiga ekonomiska trender.

De flesta ekonomer verkar tro att det inte är troligt att inflationen återuppstår. Deprimerad konsumtion och överskott av tillgång, den fortsatta effekten av teknik och demografiska förändringar, den låga hastigheten på pengarna och den svaga arbetsmarknaden är bara några av de faktorer de pekar på. Dessa har redan lett till deflation inom vissa viktiga ekonomiska områden.

Obligationsmarknaden däremot säger att inflationsproblem är verkliga. Den femåriga breakeven-räntan, en proxy för inflationsförväntningar, beräknad genom att ta skillnaden mellan femåriga amerikanska statsobligationer och värdepappersinflationsskyddade värdepapper, ligger nära sin femårsnivå.

Källa: Federal Reserve of St. Louis

Dessutom fortsätter avkastningskurvan att öka, vilket visar förväntningarna på högre räntor i framtiden när centralbankerna hanterar ett hotande inflationsproblem. Med hänsyn tagen till de skador som stigande räntor skulle göra för skuldbelastade ekonomier är detta obligationsmarknaden som säger att de ser problem framöver.
Avkastningskurva (10-år minus 2-åriga statsräntor)

Men spelar det någon roll för bitcoin?

Bitcoin ses som en inflationssäkring främst på grund av dess begränsade utbud, som inte påverkas av priset, och på grund av dess relativa attraktionskraft när de reala avkastningarna går till noll eller lägre.

Men när du köper bitcoin gör du inte bara det för att säkra inflationen. Du köper bitcoin för att säkra alla andra negativa konsekvenser som vanligtvis följer med det.

Det är sant att inflation inte alltid är dålig. ”Bra” inflation, ett resultat av ekonomisk tillväxt och låg arbetslöshet som hjälper till att minska klyftan mellan utbud och efterfrågan, uppmuntrar investeringar och ännu mer ekonomisk tillväxt.

Flyktig inflation förvärrar emellertid fattigdom, ökar osäkerheten, förstör förtroendet för institutioner och kan leda till en nedbrytning av den sociala ordningen. Detta är inte isolerat från Tyskland efter första världskriget – vi ser det idag i Venezuela, Zimbabwe, Libanon och Argentina, för att bara nämna några få.

Yearn Finance took over Pickle Finance following a hack.

New strategies, returns and tokens will be available for farmers.

The PICKLE price rises and falls as YFI drops 9%.

The decentralized financial platform Yearn has absorbed the Pickle Finance protocol

The move follows a hack over the weekend that resulted in the loss of $ 20 million in stabkecoins, but the community had no say in the decision.

Yearn Finance has partnered with, or rather absorbed, Pickle Finance in an effort to increase rewards for bettors and pay off some of the victims of the flash loan attack that happened on November 21.

Yearn founder Andre Cronje’s announcement said this was done to reduce duplication of work and increase specialization. Pickle was cloned from Yearn Finance, which launched a “backscratcher” vault earlier this month, as its Jars are based on the old protocol v1 vaults.

Some argue that the takeover makes sense given that they share the same code. Yearn would be able to introduce new strategies for stablecoin yield farming that Pickle is offering.

What, no vote on governance?

Usually with major decisions for DeFi protocols there is a vote on governance, however, this is also often manipulated by whales which calls the whole premise into question.

A member of Yearn’s team, using the pseudonym „tracheopteryx.eth“ [@tracheopteryx], explained why a governance vote was not necessary.

The partnership will include the merger of Yearn’s v2 chests and Pickle Jars in addition to their Total Locked Value (TVL). Since creating a new vault is permissionless, there is apparently no need to vote on it.

Additionally, the rewards will come in the form of Pickle tokens and something called DILL, which can be locked in over time for better returns. They can also be used for the governance of these chests or “gauges” as they will be called. This does not affect YFI holders so, again, no voting is necessary.

The Pickle team will migrate to Yearn and a new token called PICKLE will be launched to track the losses from the recent Evil Jar exploit. These tokens will be distributed proportionally to the victims of the attack.

In quello che è uno sviluppo sorprendente, il professor Nouriel Roubini, soprannominato da molti nella comunità dei crittografi „Dr. Doom“ a causa delle sue osservazioni scettiche su Bitcoin e crittocurrenze, sembra aver ammorbidito la sua posizione su Bitcoin.

Nel corso di una recente intervista, Roubini ha detto che il Bitcoin Bank può essere considerato una riserva parziale di valore perché non può essere facilmente svilito come nel caso di altri altercoin.

„È forse un deposito parziale di valore, perché, a differenza di migliaia di altri che io chiamo shitcoin, non può essere facilmente svilito perché c’è almeno un algoritmo che decide quanto aumenta nel tempo l’offerta di Bitcoin, perché per la maggior parte di questi altri, letteralmente, è fatta ad hoc, e vengono svilupati più velocemente di quello che fa la Fed“.

Questo è interessante perché proprio di recente Roubini aveva sostenuto che il Bitcoin è destinato a discutere nel „museo delle monete fallite“ con altre valute digitali, mentre criticava anche la mossa di PayPal di sostenere le crittocorse come Bitcoin e Litecoin.

Riconoscere il valore del Bitcoin a questo proposito mette in evidenza lo status che la crittovaluta ha raggiunto ultimamente. Certamente, l’atteggiamento di scongelamento di PayPal, così come di altre grandi istituzioni come MicroStrategy, Square Crypto, e altri, hanno avuto un ruolo in questo.

Infatti, secondo un rapporto condiviso dall’amministratore delegato di Grayscale, Michael Sonnenshein, il flusso verso il Bitcoin Trust (GBTC) di Grayscale è stato molto superiore a quello verso i Gold ETF. Ciò che è più interessante è il fatto che i risultati di questo rapporto sono stati compilati da JP Morgan Chase, una delle più grandi banche degli Stati Uniti.

Detto questo, Roubini rimane ancora scettico sul futuro di questa classe di asset, con il Dr. Doom che sostiene che non è scalabile e l’introduzione delle Central Bank Digital Currencies (CBDC) renderà ridondante il cripto-industria.

Roubini ha osservato che con una CBDC, ogni individuo può utilizzare un conto presso la banca centrale per effettuare i pagamenti. Questo potrebbe essere l’inizio di una „grande rivoluzione“, ha detto.

„Stanno per affollare i sistemi di pagamento digitali, o nel settore privato, a partire dalle crittocorse che non sono realmente valute“.

A Nigerian government agency expects the blockchain industry to grow significantly by 2030 in the country. At least $ 6 billion in revenue could thus be generated.

Nigeria’s blockchain industry to explode, government says

A speech by the director of the National Information Technology Development Agency (NITDA), reported by Vanguard , gives indications of the government’s hopes. Kashifu Inuwa explained last week that it was estimated that the blockchain sector could generate 6 to 10 billion dollars in revenue for Nigeria by 2030.

Inuwa confirmed that Nigeria does not want to be overtaken, and that blockchain is already contributing to the growth of global economies:

“We are aware of the need to position our country effectively , so that we can generate value with blockchain. “

Nigeria, a leading figure in the blockchain industry in Africa?

For this, NITDA relies on two strengths: Nigeria’s young population, most of whom were born digitally, as well as the country’s place on the continent. Nigeria is indeed sometimes considered a leading figure in the development of the FinTech sector in Africa. With regard to blockchain in particular, several areas should be explored: digital payments of course, but also digital identity technologies and contract and conflict management, among others.

Cryptocurrencies Rise In Nigeria

At the local level, several signs are already pointing to an increasing adoption of cryptocurrencies . Last October, the MetaMask wallet named Nigeria among the four countries with the most users, along with the United States, India and the Philippines. In September, the Nigerian analysis firm A&D Forensics also explained that the arrival of “Big Players” in the region represented a turning point :

“ When Binance arrived in Nigeria, it gave many people the opportunity to buy and exchange [crypto currency s] . They have more liquidity than other exchanges in the region, they recruit local community managers […] and they provide free rewards. “

While the country’s fiat currency, the naira (NGN), has been steadily losing value for many years now, cryptocurrencies are seen as a haven by the people of Nigeria. An impression confirmed by a recent study by Blockchain.com , which concluded last August:

“Nigeria has been the country with the greatest progress in recent months. The country has increased its use of the Blockchain.com web wallet by 60% since April 2020. ”

The results of the U.S. presidential election will be decisive for the future of Bitcoin (BTC). Preliminary data shared by Messari’s CEO, Ryan Selkis, indicates that the election will be close.

Now, Bitcoin opened the U.S. election day with a 1.85 percent jump, bringing its price back to $13,700. The leading crypto currency will go through a day or so, loaded with tension due to the election. And, experts believe that it would not be strange to see a new annual high.

The specialists point to the resistance of 13,800 dollars for the time being. In case it is exceeded, BTC has serious possibilities to test the new level. Although the electoral uncertainty will probably generate bounces depending on some unusual event.

As for the future of the White House, the consequences on the market will not be seen quickly (nor will the results of the election). Multiple ecosystem references have suggested that a defeat of President Trump would drive the price of BTC to higher levels. Due to the increased risk in the financial system.

Biden’s victory could prompt investors to rush their funds into emerging markets. Taking advantage of the last weeks before an administration that could be characterized by its restrictions and taxes.

Crypto market does not want to worry about the elections

What do the BTC presidential candidates and the crypto-currencies think?

Trump and Biden’s views on the market’s leading crypto currency are in significant contrast. For the U.S. president, Bitcoin is not money. Furthermore, it would be an unregulated asset that is based on „the air.

„I’m not a fan of Bitcoin and other crypto currencies, which are not money, and whose value is highly volatile and based on air. Unregulated cryptoactives can facilitate illegal behavior, including drug trafficking and other illegal activities,“ Trump posted on Twitter on July 11, 2019.

On the other side of the coin is the position Biden has shown, not just as a presidential candidate. But also as the vice president in office during Barack Obama’s two presidential terms between 2009 and 2017.

Unlike Trump, Biden has not directly questioned Bitcoin. In fact, in July of this year, and after the massive Twitter hacking that promoted a scam to steal BTC, the presidential candidate confessed that he doesn’t own any Bitcoin. Through Twitter he indicated the following:

„I don’t have Bitcoin and I will never ask you to send me one. But if you want to contribute to help Donald Trump become a one-term president, you can do it here,“ Biden wrote on the social network without criticizing the cryptomoney or questioning other projects in development.
Bitcoin in the short term

Now, the determining factor for Bitcoin of the election result would apparently be the approval of a stimulus package. After the fall of the crypto market in March, the approval of measures to combat the crisis caused by the coronavirus pandemic was important for the subsequent performance of Bitcoin.

In the short term, BTC absorbed a large portion of the stimulus approved at that time. At least in terms of adoption, BTC has established itself as a safe haven for many companies seeking refuge from the Federal Reserve’s inflationary measures.

According to senior commodity strategist for Bloomberg Intelligence, Mike McGlone, adoption is one of the key factors for Bitcoin. As adoption has increased, cryptomoney has managed to decouple itself from the traditional market and reduce its volatility by acting as a digital version of gold.

In fact, the creator of the Stock to Flow model for Bitcoin, PlanB, has responded positively to the news of a possible approval of a new stimulus package. Something that seems to be imminent with any of the current presidential candidates.