5104
По рекламе: @Proekt77
BTC holders adhering to the HODL strategy still do not sell their coins, despite the historical high of the bitcoin price, which indicates the further potential of the current bull market.
Bitcoin users who prefer the long-term investment strategy (HODL) continue to keep their coins, despite the fact that the price of BTC reached another all-time high this week. Bitcoin is currently trading at $ 63,206, showing a slight decline of 1.5% per day.
Messenger Signal has published the first user reviews of cryptocurrency payments
Some users don't like the very idea of cryptocurrency payments.
Messenger Signal has revealed user reviews after the first week of testing cryptocurrency payments in the UK. In a posting on Tuesday, Signal's head of public affairs, Jun Harada, outlined four typical complaints that come from users.
Signal started testing cryptocurrency payments last Tuesday. Signal Payments has become available to users in the UK, which allows you to send and receive payments in MobileCoin (MOB) tokens.
Some users complain about the very concept of payments in cryptocurrency, while some of the complaints come from people who do not live in the UK and therefore do not participate in the beta test. Juna emphasized that the payments-related feature is optional - you can never enable it.
Users also complain about the inflated transaction fees in MOB tokens - currently at $ 0.6. Juna writes that the MobileCoin Foundation, which is behind the development of the token, is working to lower fees.
In her post, Juna draws attention to the fact that it is inconvenient for Signal users to deposit and withdraw funds from cryptocurrency exchanges. In the UK, this requires a wire transfer, which is not free. He agreed that this is indeed a problem, but did not say how the messenger was going to solve it.
MobileCoin price volatility also poses problems when using the token as a means of payment. Earlier, the co-founder of the messenger Moxie Marlinspike said that in the future, Signal will automatically convert payments into a more stable cryptocurrency.
SEC Commissioner: Cryptocurrency Market Gets More Mature
Hester Pearce spoke about the role of institutional investors in the development of the digital asset market.
Hester Pearce, Commissioner of the American Securities and Exchange Commission (SEC), is confident that the cryptocurrency market is becoming more mature due to the fact that more and more companies from the world of classical finance, that is, institutional investors, are coming to it.
She draws attention to the fact that large companies are coming to cryptocurrencies, however, for example, the lack of exchange-traded investment funds (ETFs) for bitcoins in the United States somewhat slows down the development of the cryptocurrency market. As a result, investors are looking for analogs of ETFs for bitcoins, which is why Grayscale trusts are very popular, through which more than $ 50 billion have already been invested in various digital assets.
During Hester Pierce's tenure, the SEC rejected several applications for Bitcoin ETFs from one of the largest investment management companies in the world, Fidelity, as well as from Grayscale itself. But the number of applications for such funds is not decreasing - now there are already nine of them. At the same time, the well-known bank Goldman Sachs announced its intention to launch a new ETF, the funds of which can potentially be invested, including in bitcoins.
Pierce believes that the bitcoin market "will never look like the stock market, for example." While acknowledging the fact that Canada has already officially launched two bitcoin ETFs, the SEC Commissioner noted that the current regulatory practice in Washington may not be well suited to give the go-ahead to launch a Bitcoin ETF in the United States.
But the situation could change. In two weeks, the US Congress is expected to confirm the candidacy of Gary Gensler for the post of head of the SEC. Given that Gensler is considered a supporter of blockchain technology, the likelihood of approval of a Bitcoin ETF in the United States increases.
🤑 Какой день недели самый выгодный для крипто-трейдера? Счастливая пятница!
Каждую пятницу, с 10:00 до 19:00 по московскому времени, регулируемая криптовалютная биржа Currency.com отменяет все комиссии и сборы на левередж операции по определенной торговой паре.
📆 9 апреля, крипто-трейдеры смогут осуществлять торговые операции с левереджем по токенизированной валютной паре USDCAD с нулевым спредом и комиссией!
Это отличная возможность получить еще больше прибыли на волатильном рынке!
Регистрируйтесь и торгуте выгодно на Currency.com.
WazirX (WRX) Rate Soars 250% With NFT Platform Launch
The WazirX team launches a new large-scale initiative in the Indian market against local regulators. The event attracted attention outside the country, and the price of the WRX exchange token jumped 250%.
The native token of India's leading exchange, Wazir - WRX - jumped 250% to an all-time high. The daily trading volume of WRX also peaked at $ 200 million. The reason for the success is the launch of the exchange's own platform for the exchange of NFT, or non-fungible tokens.
Nischal Shetty, founder of Wazir, notes that WRX has the highest liquidity in the country among the cryptocurrencies on display. The advantage of the new local NFT platform is that there is no fee for the creation and placement of collectible tokens for artists and content makers in the country.
According to media reports, the initiative is led by a Canadian entrepreneur of Indian origin Sandesh B. Suvarna and actor and producer Vishakha Singh. It is part of the #IndiaWantsCrypto campaign that swept Twitter, in which industry representatives and ordinary users defend the right to freely exchange cryptocurrency.
🤑 Какой день недели самый выгодный для крипто-трейдера? Счастливая пятница!
Каждую пятницу, с 10:00 до 19:00 по московскому времени, регулируемая криптовалютная биржа Currency.com отменяет все комиссии и сборы на левередж операции по определенной торговой паре.
📆 Сегодня, 2 апреля, крипто-трейдеры смогут осуществлять торговые операции с левереджем по токенизированной валютной паре GBPUSD с нулевым спредом и комиссией!
Это отличная возможность получить еще больше прибыли на волатильном рынке!
Регистрируйся и торгуй выгодно на Currency.com.
Tron's Justin Sun Announces JUST NFT Special Fund
Tron CEO Justin Sun today announced the establishment of a high-value non-fungible token (NFT) fund and the hiring of a top-tier artist to act as its chief advisor.
In a letter from the Tron Foundation, signed by Sun, the company stated that “the high-demand NFT market requires the creation of a JUST NFT Fund,” which aims to register world-class artworks as NFTs on the blockchain.
NFTs are really gaining huge popularity this year. According to Google Trends, the query "NFT" around the world in March this year is gaining a maximum of 100 points over the past 5 years (and with minor adjustments - over the past 12 months).
Tron predicts that they will "continue to be in the spotlight and revolutionize the underlying structure and exchange of value in the physical and blockchain space." In addition, it is estimated that 50% of the world's top artists and works of art will be registered as NFTs in the next decade.
As such, the JUST NFT Fund plans to function as a bridge between artists and the blockchain. At the same time, only works of art with a price of at least $ 1 million and an average value of $ 10 million will be accepted in this case. The company notes:
We believe that art space also obeys the 20/80 Rule, or the Pareto Principle, according to which only the value of the artists sitting at the top of the pyramid can stand the test of time.
Новый криптовалютный банк ExoCrow открывает свои двери!
Новым пользователям даем 25$ на депозит при регистрации!
Доход в месяц -24% в месяц от Вашего депозита!
Переходите для регистрации: https://bit.ly/3siXqHb
Из основных функций:
- Создание своих кошельков BTC, ETH, XRP, ZEC, LTC
- Покупка и надежное хранение валют
- Услуги мерчанта для Вашего бизнеса (принимайте платежи в крипте у себя на сайте)
- А также, своя реферальная программа
Переходите по ссылке для регистрации! https://bit.ly/3siXqHb
«How to make stable profit on trading Crypto?» Free workshop by Bikotrading Mentoring Academy.
You will learn:
🔘 The reason why most traders lose money
🔘 What sum you need to start
🔘 Conditions and preconditions of successful trades
🔘 Risk management from A to Z
🔘 My professional strategy
🔘 Real examples of how I open a trade
🗓Start of the workshop: 24 of March
34 places left‼️
Booking here 👉 @workshop_bkotradingbot
BaFin Warns About Cryptocurrency Investments
The German Federal Financial Supervision Authority (BaFin) has warned investors about the risks associated with investing in cryptocurrency.
In a consumer protection warning posted on its website on Friday, the regulator warns against participation in cryptocurrencies by retail investors.
In a statement, BaFin echoed similar exhortations made by several European regulators, including the European Securities and Markets Authority and the European Banking Authority.
According to BaFin, retail investors should be aware of the risks of 100% loss on their cryptocurrency investments.
While European Union lawmakers are still working to create a union-wide set of laws for digital currencies, German regulators already have some legal basis for digital assets in the country.
Cryptocurrency custody service providers, exchanges and other businesses can only operate in Germany under a BaFin license. As Cointelegraph previously reported, the country legalized digital securities back in December 2020.
With a fairly clear regulatory framework for cryptocurrencies in Germany, some banks in the country have even asked for approval. to start offering cryptocurrency storage solutions.
In December 2020, the 224-year-old German bank Hauck & Aufhauser announced plans to create a cryptocurrency fund.
Despite these laws, BaFin said there is no loss protection in the retail cryptocurrency space, hence the warning.
Cryptocurrency investment warnings are a popular phenomenon among financial regulators around the world, especially amid the current bull market. Unlike mainstream funding, with its qualifying investor criteria, the crypto market offers simpler market entry channels for "mom and dad" investors.
It wasn't until 2021 that regulators from South Africa to the UK and even Thailand issued similar warnings. Back in February, Thailand's finance minister criticized the cryptocurrency's current speculative growth and warned of the possibility of huge losses from retail investors.
Meanwhile, the European Commission's legislative proposal on crypto-asset markets continues to raise some concerns among industry stakeholders.
🤑 Как заработать $5000 за неделю? Принять участие в турнире от регулируемой криптобиржи Currency.com!
Для того, чтобы принять участие в турнире необходимо:
- Зарегистрироваться на Currency.com.
- Пройти процедуру верификации.
- Совершать торговые операции с левереджем.
- Продемонстрировать наиболее высокую доходность.
- Попасть в ТОП-3 участников и забрать приз!
Победители будут определяться по самой высокой доходности (P&L) по торговым операциям с левереджем. Вознаграждение распределяется следующим образом:
🔸 1 место — $5000.
🔸 2 место — $3000.
🔸 3 место — $2000.
Регистрация и подробности!
SPAC of ex-head of Commerzbank intends to raise $ 496 million for merger with fintech company
SPAC considers fintech companies with a capitalization of more than € 1 billion as an object for a potential merger.
Former chief executive of Germany's Commerzbank Martin Blessing is planning a public offering in Amsterdam of an acquisition company (SPAC), which aims to merge with one of the players in the fintech industry. According to Bloomberg, during the placement, European FinTech IPO Company 1 (EFIC1) intends to raise up to € 415 million ($ 496 million).
EFIC1 will seek acquisitions in Europe (including the UK) and Israel. In a conversation with Bloomberg, Blessing explained that the IPO will not have an upper investment limit, and the company is considering players with a capitalization of at least € 1 million as an object for a potential merger.
Tether tokens launch on Ethereum Solana rival
The Solana Foundation today announced a new tech integration with Tether. The dollar stablecoin will be transferred to the Solana network, a direct competitor to Ethereum. The initiative was announced on the Tether website.
USDt is the largest stablecoin by market capitalization and one of the most widely used stablecoins in the DeFi sector. Among the top three most popular DeFi projects, USD deposits alone are over $ 863 million.
Tether and USDt are critical infrastructure elements for any successful blockchain project and are some of the most critical elements for cross-platform settlement. This strategic initiative is an important step for Solana and will help grow the network.
Once the technical integration is complete, USDt holders will be able to exchange at over 50,000 transactions per second - paying less than $ 0.00001 per transaction.
Speed and cost are two of the biggest barriers holding back DeFi today. This new initiative will open up a whole new space for stablecoin design and use cases in the DeFi ecosystem.
“Our integration with Solana serves a growing ecosystem of projects that are currently being developed and launched on the blockchain. Serum is a prime example, ”said Paolo Ardoino, CTO at Tether.
The Solana Foundation strives to advance its ecosystem by working with the most important stakeholders, technologies and organizations in the crypto space. In the coming weeks and months, the foundation will be making more announcements of initiatives and integrations to support the ecosystem.
Складывать накопленные деньги «в чулок» - прошлый век! Гораздо выгоднее инвестировать свободные средства, получая хороший пассивный доход 💶
Но как заработать онлайн, если нет навыков инвестирования? Учиться долго и дорого, а зарабатывать нужно СЕЙЧАС.
В интернете есть куча вариантов, куда инвестировать деньги - самый быстрый и простой способ в этом канале.
В канале ты найдёшь ответы на вопросы:
— Как навсегда распрощаться с кредитами и долгами ?🪙
— Как инвестировать онлайн, получая жирные % ?💰
— Как зарабатывать во время кризиса в любой точке мира ?
Всем вступившим — бесплатное обучение по заработку на криптовалютах, а также созданию и продвижению личного бренда.
/channel/invest_lady
Thailand's largest cinema chain accepts Bitcoin
Major Cineplex Group starts accepting Bitcoin as part of a crypto pilot project.
Major Cineplex Group, the largest cinema company in Thailand, has allowed some of its customers to buy tickets with cryptocurrency, so far only Bitcoin.
According to local news agency Siam Rath, Major Cineplex has announced the launch of its cryptocurrency payment pilot project to support innovation and emerging technologies.
To unlock the new payment method, the company has partnered with local cryptocurrency exchange Zipmex and digital payments startup RapidZ.
Major Cineplex debuted the new feature at Major Cineplex Ratchayothin in Bangkok on March 4, allowing customers to buy tickets with Bitcoin through RapidZ by scanning a QR code. Major Cineplex plans to expand the pilot with 39 more cinemas across Bangkok by the end of 2021.
The news appears to mark the first time in history that a Thai cinema has accepted cryptocurrency as payment.
Narut Jiangsanong, a spokesman for Major Cineplex, said the new initiative aims to attract more clients who invest in cryptocurrency. He said that there are now an estimated 1 million Bitcoin holders in Thailand, which is 2% of the country's total adult population.
Tourism of Thailand is currently undertaking a feasibility study for the introduction of digital currencies in tourism destinations. The agency also intends to speak with the Bank of Thailand and travel operators such as hotels to prepare for new practices in its long term.
The original source of the latest news, insight, and commentary about #CryptoCurrency! Free Weekly Newsletter
/channel/bitcoin_cryptocurrencyBTC
💰 Криптобиржа Currency.com продолжает серию турниров для трейдеров с призовым фондом $10 000!
Для того, чтобы принять участие в турнире необходимо:
- Зарегистрироваться на Currency.com.
- Пройти процедуру верификации.
- Совершать торговые операции с левереджем.
- Продемонстрировать наиболее высокую доходность.
- Попасть в ТОП-3 участников и забрать приз!
Победители будут определяться по самой высокой доходности (P&L) по торговым операциям с левереджем. Вознаграждение распределяется следующим образом:
🔸 1 место — $5000.
🔸 2 место — $3000.
🔸 3 место — $2000.
Турнир проходит до 24 апреля 2021 года. Регистрируйтесь и побеждайте!
Forbes sells NFT cover art for $ 333,333
The first ever NFT magazine, Metaverse Merchants, features Cameron and Tyler Winklevoss. The 24-hour auction took place at the NFT Nifty Gateway marketplace and ended Thursday at 1:30 pm EST.
Forbes said it will donate all proceeds from the sale to the Committee to Protect Journalists (CPJ) and the International Women's Media Foundation (IWMF).
“We love to say that our covers of global billionaires and next-generation entrepreneurs are the most valuable media real estate for their ability to capture the people who shape our world in real time,” said Forbes COO Randall Lane. "As we watch the rapid growth of cryptocurrency and its spread around the world, we are capturing a unique moment in time and we ourselves play a role."
Nifty Gateway was acquired by the Winklevoss brothers in November 2019. The cover of the issue tells the story of two brothers and their history in the technology industry.
Forbes is the latest in a series of major publications to create the NFT. The New York Times sold the column-linked NFT for nearly $ 560,000. TIME magazine sold three covers of its issue for 81 ETH (about $ 131,000). Quartz sold its first NFT news article for 1 ETH (about $ 1,800).
Ebang miner shares plummet after accusations
Shares in Chinese bitcoin mining hardware maker Ebang fell sharply on Tuesday following a report from Hindenburg Capital claiming the company misled investors about its investment allocation.
An extensive report from Hindenburg Capital claims that of the roughly $ 375 million received by the mining machine manufacturer from investors since it went public in June 2020, about $ 103 million has been spent "buying bonds linked to its US underwriter."
Ebang shares fell more than 15% on the news.
The report also states that the company "committed $ 21 million to repay loans to related parties, a relative of Ebang Chairman / CEO Dong Hu." In addition, the report states that its mining machine business is in decline and only 6,000 machines were produced in the first half of 2020.
To support its business (or, as Hindenburg put it, "turn history"), Ebang yesterday launched a cryptocurrency exchange called Ebonex.
Hindenburg went short after its research, the report said, and the firm is trying to use Ebang as an example of a cautionary tale for Western investors jumping into publicly traded crypto stocks before doing due diligence.
The launch of the decentralized exchange QuipuSwap on Tezos
MadFish solutions has launched QuipuSwap, a decentralized exchange that allows you to add and exchange any tokens based on the Tezos blockchain.
The exchange uses open source AMM. QuipuSwap users will be able to:
Create liquidity pools in pairs with other tokens and Tezos (XTZ);
Instant start of trading after creating a pool of liquidity;
generating income through rewards from mining XTZ and commissions;
Voting for the delegate or his ban in the selected liquidity pool;
Use the infrastructure to create new DeFi solutions based on the Tezos blockchain and more.
On the first day, the volume of funds blocked on QuipuSwap rose to $ 434,000.
The security audit of smart contracts was carried out by LeastAuthority.
ConsenSys to Launch Scalable NFT Platform in Ethereum Ecosystem
ConsenSys presented a platform for creating NFTs on the Ethereum blockchain, promising to solve the problem of scaling.
The ConsenSys development team has announced a scalable, non-fungible token platform called Palm. In their opinion, the site will be able to compete with Flow, the dominant technology in the market.
More and more artists and content creators are adopting NFTs to unambiguously define their copyright. However, “minting” coins was costly for those who chose the most popular blockchain ecosystem - Ethereum. The latter itself is experiencing scaling problems, which leads to an increase in fees - the creation of tokens requires payment of fees.
According to ConsenSys, the new platform will be 99% more efficient than those based on Proof-of-Work protocols. Palm will operate as a sidechain, a side chain compatible with the mainnet. To further enhance performance, the team integrates tier 2 scaling solutions.
Chicago Options Exchange Plans To Return To Bitcoin Futures Market
The Chicago Board Options Exchange (CBOE) plans to re-list bitcoin futures. This was announced by CBOE CEO Ed Tilly in a conversation with Bloomberg.
“We are still interested in this space, we have not abandoned it. We are interested in building a whole platform. There is a lot of demand from retail and institutional investors and we need to be there, ”he said.
CBOE became the first regulated exchange in the world to add Bitcoin futures to its platform. This happened in December 2017, shortly before a similar move by the Chicago Mercantile Exchange (CME), where crypto futures continue to be traded successfully to this day.
In June 2019, CBOE stopped trading the instrument. She did not disclose the reasons, but the likely factors were the significantly lower popularity of the proposal compared to CME and the decline in interest in cryptocurrencies at that time in general.
CME currently has an active position in bitcoin futures worth about $ 3 billion, making it one of the largest in its segment after such unregulated exchanges as Binance, OKEx and Bybit.
In addition to futures, CBOE is showing interest in Bitcoin ETFs. VanEck and WisdomTree have submitted applications in cooperation with the exchange for listing on the bZx market it serves.
“We are very interested in the success of VanEck's bid,” added Tilly.
In December 2020, CBOE entered into an agreement with CoinRoutes to create tools for working with data and analytics in the cryptocurrency industry.
Fintech startup Wirex is targeted by British regulators
The company temporarily does not open accounts for new clients.
Wirex has suspended new clients due to restrictions from the UK Financial Conduct Authority (FCA). The company writes about this in its blog.
According to representatives of the startup, the restrictions are temporary, now the company is conducting a "constructive dialogue" with the regulator. For now, British residents can enter their data on the waiting list in order to use Wirex services after the restrictions are lifted.
The reason for the suspension could be problems with anti-money laundering legislation - more precisely, the fifth directive (5AMLD or Fifth Anti-Money Laundering Directive). In its blog, the company claims that it intends to allocate additional resources to strengthen compliance tools so that they comply with the updated guidelines of the regulator.
Wirex allows its users to store, convert and pay with cryptocurrency. Now Wirex services are used by about 3 million users. The company operates in the UK under an electronic money operator license.
Recall that in January 2020, the British authorities put forward updated anti-money laundering requirements for cryptocurrency platforms. The FCA has obliged all UK cryptocurrency companies to obtain government registration in order to comply with the requirements for combating financial crimes. To do this, startups had to submit an application for FCA approval in time.
“FCA has made suggestions that we can incorporate into our operational processes. We welcome them and believe that they will help us improve our work ”, - comments the co-founder and CEO of the company Pavel Matveev.
The startup also has its own Wirex token. After news of the restrictions, its price dropped slightly.
Microsoft prepares to accept bitcoins for Xbox
It looks like tech giant Microsoft is considering introducing bitcoin payments for online sales of its Xbox game console.
According to a March 21 Reddit post on r / XboxSeriesX, Microsoft conducted a survey asking Xbox users about their preferred payment methods.
Interestingly, Bitcoin was listed as one of the possible payment methods. A screenshot of the questionnaire appeared in several subreddits at once, including r / ethtrader and r / Bitcoin.
One Xbox user said the survey is available to those "participating in the Xbox Insider Program for Beta Testing OS Updates."
Microsoft began accepting bitcoin back in 2014, allowing US users to purchase content from Windows, including Xbox games. After briefly suspending this payment method in January, Microsoft resumed Bitcoin payments in its MS Store. However, payments are not currently supported on the Xbox Online Store.
Despite the appearance of this option, Microsoft does not plan to dive into cryptocurrency as much as Tesla, for example. President Brad Smith said the firm has no plans to acquire the cryptocurrency.
BitFinex Exchange will hold a delisting 28 tokens, including OKB, Waltonchain and Iost
Bitfinex cryptocurrency exchange today announced the massive dualization of assets on its platform.
A total of 28 tokens are subject to Delivery: Airswap (AST), Aventus (AVT), ContentBox (Box), Cindicator (CND), Cortex (CTXC), Dragonchain (DRGN), Data (DTA), Dragon Token (DTX), Daostack (Gen), Hydro Protocol (Hot), iOS (iost), Matrix (MAN), MobileGo (MGO), MedicalChain (MTN), Nucleus Vision (NCASH), Okex (OKB), OnLive (ONL), Ripio Credit Network ( RCN), Request Network (REQ), RSK Infrastructure Framework (RIF), Swarm (SWM), Tripio (TRIO), Monolith (TKN), Blockv (Vee), V Systems (VSYS), Wepower (WPR), WaltonChain (WTC ) and XRIBA (XRA).
The company explains its decision to ensure the desire to ensure the best trading experience for users. Most of these assets were accomplished through ICO in 2017-2018 and since then has lost the relevance in the market. Also, the list turned out to be your own OKEX exchange (OKB), preserving considerable popularity, but almost not accessing BitFinex.
"This decision was made according to the results of long-term tracking of all submitted projects and assess their compliance with the requirements for listing," adds Bitfinex.
Deposits in these tokens are no longer accepted, trade will be stopped on March 26. Until April 16, users need to withdraw them from the platform.
BitFinex currently ranks fifth in the rating of Coinmarketcap spot exchange with a daily biddrop of about $ 1 billion.
Coinbase Lists 115 Million Shares For Direct Nasdaq Listing
Cryptocurrency exchange Coinbase has submitted an updated version of its public listing application to the US Securities and Exchange Commission (SEC). According to the document, it is planned to resell 114,850,769 Class A common shares with a maximum value of $ 943,218,155. This is an indicative value, while the actual figure will depend on the valuation of shares by market participants.
The shares will be sold on the Nasdaq Global Select Market platform under the ticker “COIN”. The company did not specify exactly when the listing will take place, but it is expected to do so in the coming weeks. Coinbase will be included in the "new growth companies" category.
In an updated document, Coinbase cites the SEC lawsuit against Ripple as an example of an enforcement action that could impact its operating and financial results. After the start of the proceedings with the SEC, Coinbase stopped trading in the XRP cryptocurrency issued by the company.
“During 2020 and 2019, XRP represented $ 17 billion and $ 3.4 billion in trading volumes and $ 108.6 million and $ 27.1 in total revenues, respectively. In the future, we do not expect to generate income from XRP trading and look forward to a decrease in the volume of assets on the platform associated with XRP, ”adds Coinbase.
The exchange also notes that it faced more unexpected failures in its system in 2020 compared to 2019 due to increased user activity.
“We are making significant investments in databases and network infrastructure to support increased trading volumes and expect the impact and frequency of such incidents to decrease significantly over time,” she writes.
As noted by Reuters, the successful listing of Coinbase will be an important achievement for the cryptocurrency industry as proof of its development after years of mistrust from traditional investors, regulators and the general public. In addition, the listing of Coinbase can be viewed as an implied regulatory approval of the assets traded on it, the publication adds.
The volume of active positions in the bitcoin futures market approached a record $ 20 billion
Market participants are again turning to derivatives to place bets on Bitcoin's price action in the future. On March 11, open interest or active positions in the bitcoin futures market reached a new all-time high just below $ 20 billion, according to Glassnode.
At the same time, activity in the options market is growing - the leading exchange in this space, Deribit, now processes more than $ 1 billion in transactions every day.According to CoinMarketCap, the three largest exchanges in the derivatives market - Binance, Huobi Global and ByBit - trade more than $ 100 billion per day. , with $ 58 billion accounted for by Binance alone, and the 10 following exchanges together have $ 65 billion.
Funding rates in the futures market suggest that traders are starting to take on margin long positions again, but the situation is more balanced so far than it was before the last correction. Short positions still dominate on OKEx, on Binance it climbed moderately to 0.06%, and on Huobi it is in the neutral zone around 0.01%. The absence of pronounced preferences does not exclude the possibility of volatile movements due to the liquidation of large volumes of futures positions, however, it will be more difficult to predict their direction.
While bitcoin futures trading volumes on centralized exchanges are growing, decentralized counterparts are still on the sidelines. Thus, the trading volumes of the decentralized derivatives exchange dYdX after a jump in January are from $ 100 million to $ 200 million per day, indicating that such sites are still far from the success of Uniswap. Decentralized options platform Hegic was recently forced to suspend one of its products due to lack of liquidity.
Vitalik Buterin: Scalability will grow 100 times even before the transition to Ethereum 2.0
The full launch of the solution for scaling the second level of Optimism will lead to a hundredfold increase in the throughput of the Ethereum network, co-founder of the project Vitalik Buterin expects. In a recent podcast, he stated that developers are keen to merge the existing Ethereum chain with the new Ethereum 2.0 system, but are confident in the ability of the second layer solutions to balance the load until this is done.
“The roll-ups are coming very soon. We are fully convinced that by the time additional scaling is required, sharding will be ready for a long time, ”he said.
Roll-ups allow you to process and store data in separate sidechains, and then record changes in the main chain at a time. According to Buterin, such scaling will be sufficient to solve the problem of congestion in the main chain in the medium term, after which a more advanced solution based on sharding technology will be finalized.
“Don't forget that roll-ups in the absence of sharding provide 100 times scalability. This opens up opportunities to increase throughput up to 1,000 to 4,000 transactions per second, depending on how complex those transactions are, ”he added.
According to Buterin's expectations, the launch of the Ethereum virtual machine (EVM) in Optimism will take place in about a month. This will allow rollups to be used in decentralized finance applications. It is assumed that Optimism may be involved in the forthcoming third version of the Uniswap decentralized exchange protocol.
“There were simpler roll-ups that only allowed simple asset swap transactions, such as Loopring and zkSync. These roll-ups have been working steadily for about a year, so roll-ups are not just a theory. They have been a practical part of scaling Ethereum to a small number of users for almost a year now, ”said Buterin.
At the beginning of the week, the developers revealed the details and date of the next Ethereum hard fork - Berlin.
Last week, Litecoin became the leader in the social sector
Last week, among all the cryptocurrencies, the highest score in social networks was received by the "digital silver" Litecoin.
This was reported by the analytical company Sentifi, whose specialists also noted a significant increase in the amount of traffic around the NEM cryptocurrency.
Obviously, this is due to the fact that from February 26 to March 4, the price increased by 52%. Litecoin's positive sentiments reached 62 points, which is almost twice as much as other high-sentiment cryptocurrencies - USDT, IOTA, NEM and Tron.
However, from February 26 to March 4, the LTC price practically did not change, and it is, for example, two and a half times higher than in the end of the December.
Note that the current Litecoin rate is still only half of the 2017 peaks, so there is an even greater distance ahead for growth. Another cryptocurrency, which stood out in social networks last week, became NEM, the price trend of which is an analogous dynamics of LTC.
Since the end of 2020, it has grown by about three and a half times, but also by 50% below the peak of January 2018. Two other stars of the week in social networks, though with impressive results, were Tron and IOTA.
At the current time, the TRX trades with 80% disc, relative to its record maximum. MIOTA price indices are also available from ATH, but since the end of 2020 the token has received 300%.
Chinese lawmakers to discuss further development of digital yuan
At the annual meeting in Beijing, Chinese legislators will discuss the possibilities of the digital yuan, as well as its further testing and use cases.
The meeting will be organized by the People's Political Consultative Council of the People's Republic of China (CPPCC) and the National People's Congress of China (NPC). More than 5,000 local politicians will take part in the discussion, during which the priority tasks of the state for the year will be determined. Special attention will be paid to the digital currency of the People's Bank of China (PBOC).
The digital yuan has already been tested three times in the cities of Shenzhen and Suzhou. The state digital currency was distributed among the residents of these cities in the form of a "free lottery", after which the donated assets could be spent in certain stores.
The authorities in Hong Kong, an administrative region of China, have indicated the need for more research on the digital yuan, especially for settlements between organizations. Hong Kong lawmakers have expressed a desire to take part in such testing.
CPPCC member Chen Chunxing noted that the digital yuan has the advantage of tracking cash flows to root out corruption. Many private firms are hoping that the digital yuan will be officially launched soon. Chunxing believes that this will make market competition more open and standardized.
However, the digital yuan still needs to pass a series of tests for the government to make sure it is safe. Recall that last month, China began testing a hardware wallet for the digital yuan. The wallet does not require a smartphone connection and looks like a credit card.
