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.

A week of fanfare for Bitcoin – The king of cryptocurrencies has reached yet another milestone. It is now more than 13,000 dollars that you will need to count to buy 1 BTC.

Bitcoin weekly: record close over 1,000 days

Bitcoin is trading at $ 13,152 at the time of writing. 2 weeks ago, we were happy to cross the resistance at 11,100 dollars . Yesterday Bitcoin closed a frenzied week at over $ 13,050, up nearly 16% for the week.

It signs its highest weekly close since January 2018 and confirms its excellent form in this fall 2020. The price is currently in an ascending channel and the long term trend remains positive .

Bitcoin in everyday life: a staircase in the direction of Valhalla?

Since April, Bitcoin has been climbing one by one the steps separating it from its record of 2017. In July, we broke the resistance of 10,000 dollars and recently passed the resistance of 12,000 dollars .

Bitcoin is once again out of the box from the top and the short-term trend is strongly bullish . However, it is currently consolidating in the $ 13,000 area , which leads us to consider the following scenarios:

The buying pressure remains at the same level: before thinking about the final boss of the ATH, the next (very thin) resistance is at the level of the 2019 records, at the bar of 14,000 dollars;
The buying and selling forces balance out with continued consolidation around $ 13,000. A “flat” consolidation , or even a test of the support zone around 11,850 dollars, would not call into question the medium-term uptrend that began in April.

Greed begins to rise

Earlier this month, we were talking about the “Fear & Greed” indicator . This index is intended to be an indicator of the emotional state of the market :

A „greed“ outrageous is too full of euphoria usually resulting in a correction.

We went from a value of 52 at the start of the month (neutral) to a value of 75 today (greed). We are starting to be within the values ​​observed in July . If we make an analogy with this period, we still have room for another potential rise in the price of Bitcoin… until the next correction?

De OKEx crypto-omruil heeft een enorme hoeveelheid Bitcoins ontvangen ondanks de beslissing om opnames voor onbepaalde tijd te bevriezen.

De OKEx crypto-omruilgigant heeft aangekondigd alle opnames voorlopig te bevriezen, wat betekent dat al het geld dat de ruil zal binnenkomen daar tot nader order zal blijven hangen. Desondanks besloot iemand 22 miljoen dollar in Bitcoin over te maken van een andere grote beurs, Huobi, rechtstreeks naar OKEx. Uit de cryptografische uitwisseling bleek dat een van hun privé-sleutelhouders nu samenwerkt met de openbare veiligheidsdienst om onderzoek te doen wanneer dat nodig is.

Een onbekende gebruiker maakte een overdracht van 22,5 miljoen dollar van BTC naar OKEx.

Kort na de cryptografische uitwisseling bevroren opnamen, heeft een onbekende gebruiker in totaal 1.995 FTK’s ter waarde van 22,5 miljoen dollar overgedragen van Huobi naar OKEx. Deze overdracht werd gemeld door de cryptografische opsporingsdienst, Whale Alert, die verklaarde dat de fondsen via twee afzonderlijke transacties aankwamen. Een van hen was 998 BTC waard, terwijl de andere slechts één munt minder waard was – 997 BTC. Beide transacties waren ongeveer 11,3 miljoen dollar waard. De eerste transactie vond plaats om 3,51 EST en de tweede ongeveer drie uur later, om 6,22 EST. Na een enorme overdracht zijn er volgens de Crypto-code momenteel 276.184 FTK’s in de cryptografische uitwisseling.

OKEx zorgt ervoor dat het geld van de gebruiker veilig is.

De plotselinge opschorting van OKEx’s betaling veroorzaakte verontwaardiging in de cryptogemeenschap. Interessant is dat grote hoeveelheden in Bitcoin, Ether en Tron uit de portefeuilles van OKEx werden gehaald voordat de schorsing, Whale Alert, block chain tracker en de analytische dienst werden onthuld. De cryptografische uitwisseling merkte ook op dat zij de opname van cryptisch geld onmiddellijk zou hervatten wanneer de betrokken particuliere sleutelhouder toestemming kon geven voor de transactie. OKEx heeft ervoor gezorgd dat haar andere diensten ononderbroken blijven en dat de activa van klanten veilig zijn.

De verklaring van OKEx stelt dat „overeenkomstig 8.1 Wijziging van de Diensten en Onderbreking van de Servicevoorwaarden, OKEx de Service kan wijzigen en/of ook de Service kan onderbreken, opschorten of beëindigen op elk moment met of zonder voorafgaande kennisgeving“.

The developers of yEarn.Finance have announced the update of the yVaults repository, aimed at increasing its flexibility and security.

The announcement by the project representatives states that the current version of yVaults has allowed yEarn.Finance to scale to the point where it is currently.

The optimisation of the developer’s warehouse has been stimulated by maintenance difficulties and the lack of some functions that affect safety and risk/return ratio.

The upcoming update will allow yVaults to optimise the development cycle of new strategies using a standard API, expand their available options, and make the storage easier and safer to use.

The announcement came out against the backdrop of the ongoing withdrawal of frozen YFI tokens from DeFi protocols: over the past 30 days, liquidity has fallen by approximately 25% to $629 million.

At the time of writing, yEarn.Finance was ranked seventh in terms of frozen assets. The leaders are still Uniswap ($2.22 billion) and Maker ($1.82 billion). Curve Finance was fourth with $1.11 billion, WBTC was fifth with $998.4 million, and Compound was sixth with $769.5 million.

Since 12 September, when the YFI token reached a historic high of $43,678, its price has fallen by 64.9% to $15,260, according to CoinGecko.

Recall that in September the developers of yEarn.Finance announced the launch of the StableCredit protocol. It is planned to include tokenized debt stabilitycoins, lending and automated marketing.

El mercado de la criptodivisa sufrió pérdidas el lunes, ya que los mercados de valores tradicionales se desplomaron bruscamente. Esto podría estar relacionado con los informes de noticias de que los grandes bancos estaban involucrados en transacciones de lavado de dinero y Bitcoin Up mostró que podría no registrar más pérdidas a corto plazo. VeChain pasó de un impulso alcista a otro bajista durante el fin de semana. Dogecoin continuó mostrando una tendencia bajista.

Bitcoin Cash [BCH]

Aunque el precio se ha mantenido alrededor de 230 dólares en las últimas dos semanas, OBV mostró que el activo fue comprado a un ritmo constante (púrpura).

Otra cosa a destacar es que la caída del lunes causó una caída del precio que probablemente no estaba respaldada por un volumen de venta que indicara mayores pérdidas. Mientras que el precio bajó de 225 a 208 dólares, el OBV registró mínimos iguales (amarillo).

Por lo tanto, es probable que el BCH se mantuviera por encima de los 200 dólares, basándose en que los compradores se acumularon después del final de la tendencia a la baja desde mediados de agosto hasta la caída de principios de septiembre (blanco) del VOB.

VeChain [VET]

VeChain parece haber iniciado una tendencia alcista la semana pasada, como se ve en el indicador de Aroon. El Aroon Up (naranja) se mantuvo muy por encima del Aroon Down (azul) pero eso cambió durante el fin de semana.

El VET mostró un impulso a la baja después de la caída más reciente y tendría que recuperar la resistencia a 0,0135 dólares para mostrar cualquier signo de alza.

El siguiente nivel de apoyo para VET se encuentra en la región de 0,11 dólares si se pierde la zona de 0,0125 dólares.

VeChain anunció hace unos días que sería el único proveedor de tecnología de cadena de bloqueo en la Alianza de Salud Animal y Seguridad Alimentaria de China después de unirse como uno de los miembros del consejo.

Dogecoin [DOGE]

Dogecoin estaba valorado en 0,0026 dólares y se negociaba en una zona de apoyo. Se ha formado altos más bajos desde la bomba TikTok de julio y parecía probable que se dirigiera al sur.

El RSI mostró un valor de 27, indicando condiciones de sobreventa. El RSI tampoco se ha mantenido por encima del valor de 50 desde mediados de agosto, lo que pone de manifiesto el impulso bajista desde entonces.

Se puede esperar un rebote a 0.00272 dólares de DOGE en las próximas sesiones comerciales. Es probable que DOGE reanude la tendencia bajista anterior y rompa bajo el soporte en los próximos días.

Suite aux annonces très médiatisées et aux lancements de nouveaux jetons de gouvernance, la valeur totale bloquée dans DeFi a rapidement dépassé les 5 milliards de dollars.

La valeur totale bloquée dans DeFi a augmenté de 10% en moins d’un jour, dépassant les 5 milliards de dollars.

Aave, Curve Finance et yEarn.Finance mènent la charge

Les cotes de paris placent désormais DeFi TVL à plus de 7 milliards de dollars au 31 décembre.
Le grand boom du DeFi de 2020 ne montre aucun signe de ralentissement, et l’industrie a franchi une autre étape majeure.

La valeur totale d‘ Ethereum et de Crypto Cash enfermés dans des protocoles de financement décentralisés a dépassé 5 milliards de dollars et se situe maintenant à plus de la moitié du prochain obstacle majeur à plus de 5,6 milliards de dollars, selon les données de DeFiPulse .

Apprenez le développement Ethereum, bootcamp en ligne de 11 semaines et certification
L’inscription est ouverte pour le Bootcamp en ligne des développeurs de chaînes de blocs de ConsenSys! À votre rythme avec mentorat individuel, accès communautaire et bien plus encore.

L’événement est le résultat d’une augmentation de plus de 10% de la valeur totale verrouillée (TVL) juste dans les 16 heures entre 20h00 HE hier et 12h00 HE aujourd’hui, alors que plusieurs protocoles DeFi ont progressé sur leurs feuilles de route de produits. Le pic prouve qu’il reste beaucoup d’appétit pour les produits DeFi, alors qu’Ethereum atteint de nouveaux sommets tout en faisant face à des frais de transaction sans précédent .

Les protocoles DeFi exigent que les utilisateurs connus sous le nom de fournisseurs de liquidité fournissent des actifs numériques tels que l’ETH et Bitcoin en tant que garantie, permettant à d’autres utilisateurs de contracter des prêts ou d’échanger entre des jetons . Plus la valeur bloquée dans DeFi est élevée, plus ils peuvent être utilisés à des taux d’intérêt ou de change plus favorables que les fournisseurs de services financiers centralisés traditionnels.

Le résultat est un cycle qui attire les capitaux et les utilisateurs, offrant à chaque partie une meilleure offre globale grâce à la réduction des frais généraux rendue possible par les contrats intelligents automatisés sur Ethereum.

La dernière montée en puissance peut avoir été affectée par plusieurs annonces récentes de DeFi

La plate-forme de prêt cryptographique Aave a annoncé hier le lancement de tests de gouvernance distribuée sur le réseau de test Ropsten d‘ Ethereum , et a ensuite vu TVL plus de 70% en moins d’un jour, à plus de 900 millions de dollars.

La plate-forme d’échange Stablecoin Curve Finance a égalementlancé le jeton CRV et CurveDAOpour leur jeu à la gouvernance décentralisée, entraînant une augmentation de la TVL de 175% en quelques heures seulement. yEarn.fianance, l’une des expériences les plus avancées en matière de gouvernance décentralisée et étroitement liée à Curve, a enregistré les gains les plus substantiels de tous, augmentant de près de 250% pour bloquer plus de 450 millions de dollars. Il avait moins de 150 millions de dollars la veille.

La manie DeFi a non seulement des gens qui prennent des paris dans les protocoles DeFi, mais ils parient également sur la prochaine étape de l’industrie, grâce aux marchés de prédiction cryptographique.

Il y a quelques semaines à peine, un marché des paris sur Polymarket a vu le jour , permettant aux utilisateurs de parier sur la hausse de la DeFi TVL en 2020. À l’époque, la scission avoisinait les 5 milliards de dollars.

Depuis le 5 août, cependant, les probabilités ont porté la TVL attendue à plus de 7 milliards de dollars, avec un plafond à 9 milliards de dollars. Et au rythme de croissance de DeFi, cela ne semble pas exagéré avant la fin de 2020.