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Los operadores y analistas de Bitcoin mantienen su convicción de que el precio de la criptomoneda alcanzará al menos los 70.000 dólares en las próximas sesiones.
En el centro de sus perspectivas alcistas se encuentra un indicador técnico clásico. Bautizado como Triángulo Ascendente, el patrón se forma cuando un activo forma dos o más mínimos ascendentes y máximos casi iguales en conjunción. Las líneas de tendencia que conectan estos puntos convergen a medida que el precio sube, haciendo que parezca un triángulo ascendente.
¿ESTRUCTURA ALCISTA DE BITCOIN? VERIFICAR
Bitcoin marca casi todas las casillas a la hora de confirmar que está formando un Triángulo Ascendente. La estructura de dos meses de la criptodivisa la llevó a probar repetidamente los niveles en torno a los 60.000 dólares como resistencia. Mientras tanto, el precio siguió subiendo mientras trataba una línea de tendencia ascendente como soporte. El único eslabón que falta es una ruptura al alza.
„Cuando esto rompa por encima de los 60.000 dólares con convicción, no se interponga en el camino“, proclamó un analista en Twitter.
Las rupturas de triángulos alcistas tienden a desplazar el objetivo alcista del activo a un nivel por encima de la mayor distancia entre la línea de tendencia superior e inferior. Aplicando estas definiciones teóricas en los gráficos del Bitcoin se asegura que rompería por encima de los 75.000$ en las próximas sesiones. Los 70.000 dólares siguen siendo un objetivo de resistencia psicológica.
El analista de Bitcoin, Josh Olszewicz, confirmó que un movimiento de ruptura empujaría el precio del bitcoin hacia los 75.000 dólares. A partir de ahí, la criptomoneda empezaría a consolidarse en la zona de 70.000-75.000 dólares. Mientras tanto, otro analista -aunque con seudónimo- proporciona catalizadores fundamentales que podrían hacer que el movimiento alcista explosivo se produzca.
COINBASE IPO FOMO
Pentoshi, una cuenta de Twitter muy seguida, señaló que la próxima cotización directa de Coinbase, una bolsa de criptodivisas con sede en Estados Unidos, en el Nasdaq, serviría de viento de cola para las estructuras técnicamente alcistas. En su opinión, el Bitcoin se está consolidando dentro de un triángulo simétrico, otro indicador técnico que indica el sesgo de continuación alcista de un activo.
„La salida a bolsa de CB está ahora a 6 días. La oferta de BTC está en nuevos mínimos históricos. Sin embargo, no hay anuncios de nuevas participaciones“, escribió el analista independiente.
„Siento que muchas empresas podrían/anunciarán alrededor de ese momento para capitalizar el impulso. Combinado con el bombo en Influx de nuevo dinero que CB [custodia], luna“, añadió.
Pero los indicadores técnicos no siempre son precisos. Un estudio realizado por Samurai Trading Academy muestra que los triángulos ascendentes tienen una tasa de éxito del 72,77%. Mientras tanto, la posibilidad de que el bitcoin rompa por encima de su estructura de triángulo simétrico se sitúa en un 54,87 por ciento (teniendo en cuenta que también aparece como un banderín alcista).
CME chief says bitcoin is replacing gold as safe haven as precious metal increasingly loses status
Bluford Putnam, chief economist and managing director of CME Group, considers Bitcoin (BTC) an „emerging competitor“ to gold.
In an explainer video presented by the CME and posted by Bloomberg on Wednesday, Putnam said the yellow metal’s ongoing production, which is likely to rise through 2021, contrasts with Bitcoin’s fixed supply.
Bitcoin and its fixed supply scores against gold
The World Gold Council estimates that some 217,790 tonnes of gold have been mined throughout history, with a further 2,500-3,000 tonnes added to the stockpile each year.
In contrast, the number of Bitcoins is set at a fixed supply of 21 million BTC. To date, 18.62 million BTC have already been mined. According to our fact check, 4.85 million BTC of these have already been considered lost forever for some time. It can be assumed that the actual amount of Bitcoins still accessible is Bitcoin Evolution Software currently well below 14 million BTC.
Putnam warned, however, that a fixed supply does not necessarily equate to less volatility. In fact, the opposite is more likely to be the case, as supply is inelastic.
If the demand pattern shifts this can have very large and abrupt effects on prices, Bitcoin has illustrated this point.
Gold is gradually losing its safe haven status
Putnam also noted that his firm has begun to notice gold’s waning appeal as a hedge against global political risk.
In the 2017-2020 period, most of the ups and occasional downs in the gold price seemed to be directly tied to [Federal Reserve] policy changes more than anything else.
The chief economist additionally suggested that equities were responding to the same driving force in markets around the world and the relationship between gold and equities seemed to be trending tighter. This would also weaken gold’s attractiveness as a safe haven.
La copertura positiva di Newsweek su Bitcoin sottolinea il cambiamento di paradigma nella percezione pubblica
La pubblicazione esplora se il Bitcoin diventerà il nuovo gold standard
Newsweek, uno dei più grandi settimanali americani, ha dato una svolta positiva alla Bitcoin (BTC) in un recente articolo che esplora se l’asset digitale può diventare il nuovo gold standard.
L’articolo, apparso mercoledì, analizza la storia dell’oro digitale utilizzando l’ultimo modello di JPMorgan Chase che mostra un potenziale prezzo BTC di 146.000 dollari. Anche se l’articolo presenta Bitcoin Storm poche nuove informazioni per gli appassionati di crittografia che hanno tracciato la meteorica ascesa di Bitcoin, fornisce una maggiore conferma del fatto che la narrativa tradizionale che circonda la crittovaluta è cambiata.
„Tutto ciò che luccica non è oro, ma potrebbe essere Bitcoin“, ha scritto Scott Reeves. „E a lungo andare, potrebbe avere più valore“.
Questo è il messaggio che è apparso ai lettori di Newsweek, che si colloca tra le decine di milioni, molti dei quali non sono mai stati esposti al Bitcoin.
All’inizio di questa settimana, Bitcoin ha abbellito la prima pagina del Financial Times – nel 12° anniversario del blocco della genesi, niente di meno – offrendo un’ulteriore prova che il mainstream non può più ignorare BTC.
Nel frattempo, un numero sempre maggiore di investitori sta inondando il mercato, come dimostra il forte aumento di indirizzi attivi e il crescente interesse da parte delle società e delle principali istituzioni.
Secondo il podcaster Peter McCormack, i nuovi utenti stanno entrando in Bitcoin per il lungo periodo, possibilmente per i prossimi tre o cinque anni almeno. Sonny Singh, direttore commerciale di BitPay, condivide questo sentimento, ma di recente ha sostenuto che un’altra impennata dei prezzi di BTC potrebbe portare ad una presa di profitto istituzionale.
Le tendenze di ricerca di Google suggeriscono che il retail FOMO, o il timore di perderlo, sta dilagando nel nuovo anno – un potenziale precursore di prezzi più alti nel breve termine.
Google cerca la parola „Bitcoin“ negli Stati Uniti con Google
Le ricerche della parola „Bitcoin“ sono state domate durante la tendenza al rialzo dell’anno scorso rispetto al mercato dei tori del 2017. Ancora una volta, questo suggerisce che il percorso meno resistente del Bitcoin potrebbe essere più alto.
Resta da vedere se la comprensione del Bitcoin da parte del commercio al dettaglio sta migliorando o se la gente sta prestando attenzione solo per l’apprezzamento del prezzo. In entrambi i casi, la proposta di valore del Bitcoin non è più relegata in angoli oscuri ed esoterici di Internet.
Are the Central Banks behind the astronomical rise in the price of Bitcoin?
To avoid a major deflationary crisis, the European Central Bank and the US Federal Reserve have battled with an astronomical debt purchase and an immense shower of liquidity. As a result, the financial markets are being inflated. These effects have not been accidental. That was the intention from the beginning. The aggressive monetary policy implemented seeks to stimulate investment to promote employment. In other words, Wall Street and Ethereum Code review are not on the rise, because the central banks are mismanaging the economy. They are on the rise thanks to the central banks.
Central banks are often portrayed as the villains of the movie. It is assumed that much of our economic problems arise from the irresponsibility of central banks. Any injection of liquidity is automatically thought to be harmful, just because it dilutes the value of the currency. However, in most cases, this argument is an oversimplification of the whole issue.
Economic conservatives are always advocating a hard currency.
Gold beetles in particular are known to have these ideas. Libertarians in general have long defended the doctrine of hard currency. In many cases, they promote the ideas of classical liberalism about the invisible hand, the free market, and government non-intervention in the economy. However, experience has shown that not everything is rosy with the old dogmas. The libertarian path is extremely painful in times of crisis, because deflation can be devastating for people.
Now, we all like to criticize the actions of the government. And we all love to attack the powerful. Of course, it is very easy to criticize the monetary policy of the European Central Bank and the Federal Reserve. „They print money out of thin air. How awful! But, on the other hand, we can’t stand being unemployed. We want the economy to grow. And we like it when our investments rise in value.
During the crisis, Bitcoin went into a tailspin with the drop in demand in March of last year. Business closures, due to coronavirus restrictions, led to a significant drop in income and employment. Deflation invaded the economy. That is, if people don’t spend, there is no economic growth. This is when the government (on behalf of everyone) must intervene in the economy as a stabilizing agent. In other words, the central banks must inject liquidity in order to increase demand. Why is it necessary to increase demand? Well, because you need demand to get revenue. And you need income to create jobs. And people need jobs to make their expenditures.
If there are no buyers, central banks present themselves as the big buyer to get the economy going again.
A business without buyers is forced to lower its prices. But this reduces its profit. Hence, their ability to hire more staff. Assets depreciate, because no one wants to buy. In other words, there is deflation. Something as fatal as inflation. Here is the problem of a hard currency in the context of a system of non-intervention by the government: it is very difficult to control deflation and it is complicated to obtain monetary stability.
How would we be right now if the European Central Bank and the Federal Reserve had not bought debt and injected liquidity? The crisis would have been unbearable. Protests and social tension would have reached very dangerous levels. Society would be on the streets demanding intervention because of famine and poverty.
Right now, the central banks are not Bitcoin’s enemies. The libertarian narrative is not entirely adequate. Institutional fund managers are not investing in Bitcoin, because they have lost their faith in the system and are promoting the libertarian utopia of a world without governments and central banks. They’re investing in Bitcoin, because there’s a lot of liquidity available. Because there is a lot of liquidity, speculative assets become very attractive, because the investor is more willing to take risks. Digital is a trend. And the whole fintech area is a trend. Liquidity creates optimism.
The mission of central banks is to stimulate when there is a need to stimulate. The coronavirus crisis is being combated. And the markets have reacted. Cause and effect. The weakening of the dollar is a state policy to stimulate job creation. The rise in assets is directly related to the political
Bitcoin wzrósł z ponad 19 900 dolarów do 18 100 dolarów w minutach, podczas gdy altcoiny naśladowały jego występ. Całkowity limit rynkowy stracił 40 miliardów dolarów w ciągu jednego dnia.
Po naładowaniu do nowego wszechobecnego haju i upadku prawie 2000 dolarów minut później, Bitcoin uspokoił się około 19.000 dolarów. Większość alternatywnych monet podążała za ekstremalną zmiennością BTC. Ethereum skoczył do nowego rocznego haju po premierze ETH 2.0 i zanurkował poniżej 600 dolarów.
Bitcoin’s Wild 24 Hours
Zajęło to kilka dni, ale BTC odzyskała wszystkie swoje straty z masakry w Święto Dziękczynienia w zeszłym tygodniu. Podstawowa krypto waluta stopniowo rosła, zanim na niektórych giełdach osiągnęła nowy wszechczasowy haj.
Po ostrym powrocie BTC ponownie zbliżyła się wczoraj do 20.000 dolarów. Tym razem odrzucenie było jeszcze bardziej energiczne. W ciągu kilku minut Crypto Bank stracił prawie 2000 dolarów wartości i spadł do poziomu 18 100 dolarów.
Zmienność utrzymywała się nadal, a byki szybko doprowadziły aktywa do 19 450 dolarów, po czym ponownie spadły poniżej 19 000 dolarów. Od tego czasu krypto waluta nieco się uspokoiła i nadal walczy poniżej poziomu cen 19 000 USD.
Altcoins pokryte na czerwono
Również monety alternatywne odzyskały większość swoich strat z zeszłego tygodnia. Ethereum było jednym z najlepszych wykonawców dużych firm. ETH zanurzyła się do 485 dolarów, ale w kolejnych dniach poszybowała w górę.
W oczekiwaniu na premierę ETH 2.0 w dniu wczorajszym, druga co do wielkości cyfrowa pozycja na rynku osiągnęła nowy, roczny poziom prawie 640 dolarów. Eter naśladował jednak wahania BTC i w ciągu kilku minut spadł do 570 USD.
W momencie pisania tych wierszy, ETH odzyskała do pewnego stopnia równowagę, ale aktywa nadal zawierają transakcje poniżej 600 USD.
Większość alternatywnych monet przetrwała podobne zmiany cen. Jednak w skali 24-godzinnej, na rynku dominuje kolor czerwony.
Ripple (-6,5%), Bitcoin Cash (-7%), Binance Coin (-5%), Chainlink (-7%), Polkadot (-5%) i Cardano (-7%) spadły.
Dalsze straty są widoczne w przypadku Horizen (12%), HedgeTrade (-10%), Terra (-10%), Ethereum Classic (-8%), NXM (-8%) i TRON (-7%).
Z kolei kilka żetonów, podstawowych monet DeFi, przyniosło poważne zyski. SushiSwap prowadzi z 21% skoku biorąc SUSHI do 2,20 dolarów. THORChain (11%), Aave (8%), Synthetix (8%), i Yearn.Finance (6%).
Ostatecznie jednak, skumulowana kapitalizacja rynkowa wszystkich aktywów w walucie kryptońskiej wynosiła od 591 mld USD do 551 mld USD dziennie.
Zastrzeżenie: Informacje znajdujące się na stronie CryptoPotato pochodzą od cytowanych autorów. Nie reprezentują one opinii CryptoPotato na temat tego, czy kupować, sprzedawać, czy posiadać jakiekolwiek inwestycje. Zaleca się przeprowadzenie własnych badań przed podjęciem jakichkolwiek decyzji inwestycyjnych. Z dostarczonych informacji należy korzystać na własne ryzyko. Więcej informacji można znaleźć w sekcji Wyłączenie odpowiedzialności.
Binance, die führende Krypto-Börse, hat gerade Vanilla Bitcoin-Optionen im europäischen Stil auf den Markt gebracht.
Der Austausch führte bereits Tests durch, nachdem er Ideen und Gedanken aus der Öffentlichkeit gesammelt hatte.
Die Verträge werden in USDT abgewickelt, und da sie im europäischen Stil sind, kann dies nur zu einem festgelegten Zeitpunkt geschehen.
Der Bitcoin-Preis hat kürzlich einen neuen ATH von 28.288 USD erreicht, was Bitcoin zum größten und beliebtesten Preis aller Zeiten macht. Die führende Krypto-Börse, Binance , reagierte mit einem Schritt, der den Bitcoin-Handel noch interessanter machen wird, indem sie Vanilla Bitcoin-Optionen im europäischen Stil einführte und ankündigte, dass sie am Tag des Vertragsablaufs abgewickelt werden müssen.
Binance Bereits durchgeführte Tests
Die neuen Kontrakte von Binance werden im führenden Stablecoin Tether (USDT) bewertet und abgewickelt. Mit diesen Kontrakten soll die Börse institutionelle Anleger anziehen, die möglicherweise nicht bereit sind, Bitcoin zu besitzen, aber sicherlich von der jüngsten Preiserholung der Münze profitieren können.
Binance hat bereits im November dieses Jahres eine Testnetz-Testversion des neuen Produkts durchgeführt. Zuvor verbrachte die Börse einige Zeit damit, die Gedanken der Öffentlichkeit über das neue Produkt zu sammeln, beispielsweise in Bezug auf Margenhandel und Risikokontrolle.
Der CEO der Börse, Changpeng Zhao, sprach über die Einführung des neuen Produkts und stellte fest, dass derzeit ein großer Bedarf an solchen innovativen Produkten besteht. Der Preis von Bitcoin hat sich seit Oktober dieses Jahres verdreifacht, und es gibt ein großes Potenzial für viele Menschen, dies zu ihrem Vorteil zu nutzen und zu verdienen. Leider sind viele dieser Menschen und Institutionen nicht daran interessiert, die Münzen zu halten. Mit den verfügbaren Bitcoin-Optionen müssen sie nicht.
Was sind Bitcoin-Optionen im europäischen Stil?
Optionen selbst sind Derivatekontrakte, die normalerweise in traditionellen Finanzierungen verwendet werden. Sie ermöglichen es den Händlern, sich gegen große Preisschwankungen abzusichern und Geld zu verdienen, selbst wenn die Preise fallen.
Dies ist perfekt für den Bereich Kryptowährung, in dem die Preise aufgrund der großen Volatilität tendenziell stark steigen und fallen. Händler können sich für Call-Optionen entscheiden, wenn sie den zugrunde liegenden Vermögenswert (in diesem Fall Bitcoin) kaufen möchten, oder für Optionen, wenn sie das Recht zum Verkauf wünschen. Optionen geben ihnen das Recht, aber nicht die Verpflichtung, dies je nach Art des Vertrags zu tun.
Jetzt können Optionen im europäischen Stil zum festgelegten Datum ausgeführt werden. Inzwischen bedeutet „Vanille“, dass die Verträge sehr einfach und einfach sind. Optionen im europäischen Stil unterscheiden sich von Optionen im amerikanischen Stil dadurch, dass amerikanische Optionen auch vor dem festgelegten Datum ausgeführt werden können. Binance bietet diese Optionen bereits an, und jetzt wurde auch die andere hinzugefügt.
Ripple mottar høyprofilert tillegg fra JPMorgan, XRP vokser raskere enn BTC
Ikke bare Bitcoin kan se frem til sterke prisøkninger for øyeblikket: På tidspunktet for trykkingen oversteg Ripple-aktiva XRP det daglige pluss BTC. God timing: For bare noen dager siden kunngjorde Ripple et fremtredende nytt tilskudd fra den amerikanske banken JPMorgan til ledelsesgulvet.
Med en Bitcoin Code prisøkning på mer enn 22 prosent registrerte topp Altcoin XRP enda sterkere vekst enn Bitcoin (BTC), som for tiden jager fra en heltid til den neste. XRP handles for øyeblikket til $ 0,558 – en viktig motstand, som BTC-ECHO-analytiker Stefan Lübeck beregner i altcoin-analysen. Hvis oksene holder seg på ballen, er neste prismål $ 0,682.
Ripple sikrer reguleringsekspert fra JPMorgan
Ripples styre har mottatt forsterkninger fra tradisjonell økonomi. FinTech-selskapet kunngjorde dette på sin hjemmeside. Sandie O’Conner har over 30 års erfaring fra finansnæringen, inkludert å fungere som Chief Regulatory Affairs Officer hos finansgiganten JPMorgan. Hun bør søke regulatorisk klarhet for selskapet for kryptovalutaer i USA.
Brad Garlinghouse, administrerende direktør i Ripple, sier om sitt nyeste styremedlem:
Sandy har høy respekt fra både kolleger og regulatorer fra Wall Street. Hennes omfattende nettverk og dype forståelse av markeder, kapitalstrømmer og bankvirksomhet vil gi verdifull og unik innsikt ettersom nye retningslinjer og forskrifter tar form i USA.
Garlinghouse understreker også at USA trenger et klart regelverk for kryptovalutaer som setter reglene og støtter innovative amerikanske selskaper. O’Connors erfaring og ledelse vil hjelpe Ripple på deres reise for å bygge et mer inkluderende finanssystem. Hun gjorde det til topp 25 mest suksessrike bankfolk i USA og regnes som en av de mektigste kvinnene i finansnæringen.
Brad Garlinghouse: Bitcoin er ustoppelig
XRP tar ikke sikte på å overhale BTC. Ripples CTO, David Schwartz, spurte hva som ville skje hvis en hacker fant en feil eller en feil i Bitcoin-loggene på et online forum. Schwartz sa:
Feilen eller feilen vil være løst og hashing-loggene erstattet av nye.
Nøyaktig noe sånt skjedde med verdioverløpet 2011 og den utilsiktet utløste gaffelkrisen 2013. Ripple flyr for tiden ganske høyt. Den tredje kvartalsrapporten som ble utgitt i november avslører at den desentraliserte protokollen fikk en økning på 107 prosent i gjennomsnittlig daglig XRP-handelsvolum fra forrige kvartal. Med kunngjøringen av det nye styremedlemmet, bør dette tallet øke.
Although Bitcoin was able to climb back to $ 18,000 over the weekend, the experts urge caution.
Bitcoin ( BTC ) jumped over the US $ 18,000 mark on November 29th, with a temporary high of US $ 18,209 on the major crypto exchange Binance. However, despite the weekend rally, investors remain cautious.
At 18,200 US dollars, there is resistance for the cryptocurrency in the form of the moving average of the last 10 days (10-day MA). As Cointelegraph reported yesterday , some experts believe that Immediate Bitcoin will continue to decline before the upward trend can resume at a later date.
Bad sign?
The trader under the pseudonym “Crypto Capo” had already predicted when Bitcoin had slipped to 16,000 US dollars that it would initially go back to 18,000 US dollars, which has now come true.
However, this is not good news because, as he told his followers on November 27 , when Bitcoin was still at $ 16,700, he wanted to sell immediately as soon as the market-leading cryptocurrency is back at $ 18,000.
When the upswing to US $ 18,000 actually followed today, he made a small change of plan by buying new Bitcoin and thus building up a hedge if the price goes up contrary to expectations. Initial confirmation of his original thesis that Bitcoin will drop sharply after jumping to $ 18,000 would be a downturn to $ 17,400.
Should the price slide below this mark and then even fall below the $ 16,800 mark, a crash to just $ 14,000 would be all the more likely.
However, if Bitcoin can climb above $ 18,400 and then settle at $ 18,200, it would refute his negative forecast, which he believes is unlikely but possible. For this reason, he himself is two-pronged.
Possible scenarios for Bitcoin. Source: Crypto Capo
Another trader under the pseudonym „Loma“ is in the same line. After the share price was still positive at 17,500 US dollars, he now claims to have sold almost half of his long position.
The trigger for this move is that, in his opinion, Bitcoin is heading for heavy resistance in the range of 18,200 – 18,400 US dollars. Accordingly , he writes :
“At $ 18,080, I closed half of my long position. I don’t want too much on the books by the end of the week / month. Once we climb above $ 18,400 we will have plenty of buying opportunities again, but when it goes down we won’t have many good opportunities to sell. “
There is still hope …
A technical analyst named „CryptoBirb“ adds that Bitcoin usually has two types of returns, either 15% or 30%.
He himself expects a downturn to $ 14,000 but, like his colleagues, does not consider this to be set in stone. To this end, he refers to several technical indicators that support his suspicion . Bitcoin would find itself in the oversold area for the first time during its several weeks of climbing:
“There are two types of downturn in BTC: either -15% or -30%. My guess is a drop to $ 14,000. The first time we got back to the middle and the first time we are back in the oversold area since the climbing party started. These are two VERY strong signs. However, I would be very happy about a new record high before Christmas. And you?“
La moneta più recente uscita da una divisione in Bitcoin Cash, BCHA, sta assistendo a una sorta di attacco di negazione del servizio in quanto un minatore sconosciuto, che sembra avere l’80% dell’hash, sta estraendo blocchi senza includere alcuna transazione tranne che per il blocco transazione ricompensa (coinbase).
Ciò significa che le persone devono aspettare molto più a lungo prima che avvenga una transazione, ma questo è tutto ciò che sta accadendo qui finora.
Blocchi vuoti BCHA, novembre 2020
Non stanno tentando di spendere il doppio delle proprie monete, cosa che potrebbero benissimo fare, ma in un messaggio coinbase dicono „Nov 25th 2020: BCHA dump“.
Ciò significa che l’attaccante è molto probabilmente qualcuno di BCHN, il nuovo client ora coin che è riuscito a cacciare il client BitcoinABC, ora BCHA coin, a causa di banali disaccordi tecnici e di disaccordo su come finanziare lo sviluppo.
I minatori di Bitcoin Trader hanno proposto l’idea che lo sviluppo venisse finanziato da una parte di ricompense in blocco, qualcosa che BCHA ha implementato, ma BCHN ha rifiutato.
Hashrate BCHA e BCHN, novembre 2020
Quindi ora stanno attaccando BCHA che attualmente ha circa il 10% dell’hashrate di BCHN, una quantità migliore di quella che aveva BCH quando si è separato a catena da bitcoin nell’agosto 2017.
Significa che questo minatore o minatori stanno effettivamente sprecando il loro tempo perché apparentemente sono entrati altri minatori, come ViaBTC, che stanno elaborando transazioni.
However this miner could also be making a point that you need fees to incentivize miners to include transactions as otherwise they could just mine empty blocks.
The theory is of course that bigger blocks means more transactions and therefore those smaller fees add up to a substantial amount the more transactions are included.
However as this is a fairly brand new chain, there’s hardly many transactions really, so neither the big blockers nor the small blockers can prove anything here.
BCHN maybe has something to prove in as far as they can claim BCHA is not secure because it has too little hash, but that’s proving their own demise because BCHN hardly has any hash compared to BTC.
The UK plans to rely on emerging financial technologies such as stablecoins and CBDCs after Brexit.
The government is keen to maintain its position in the global financial landscape.
Climate change risk management will be managed in conjunction with COVID-19 recovery measures.
With the UK’s exit from the European Union (EU), the government says it is turning to stablecoins, central bank digital currencies (CBDCs) and other emerging financial technology innovations.
As a strategic global financial springboard, the city of London is expected to face significant tensions following the UK’s withdrawal from the EU. Therefore, the country’s government will look to new technologies to design strategies to maintain its competitiveness in the global financial arena.
Harnessing the benefits of stablecoins and CBDCs
In a statement on November 9, UK Treasury Chancellor Rishi Sunak noted that Brexit offered a new chapter in the history of the country’s financial services sector. According to Sunak, the government plans to harness the potential benefits of new technologies such as stablecoins and CBDCs.
For Sunak, stablecoins and CBDCs could provide a robust architecture for cheaper and more efficient payment processing networks. Thus, the UK government plans to ensure that appropriate regulations are created to cover these alternatives.
The Bank of England is reportedly overseeing all future regulations relating to stablecoins and CBDCs amid the umbrella bank’s insistence on overseeing UK financial regulation after Brexit.
The Chancellor of the Exchequer’s comments come amid fears of possible economic stagnation following the finalization of the Brexit withdrawal and the fallout from the ongoing coronavirus pandemic. In March, the government pledged the equivalent of nearly $ 400 million in relief funds to UK businesses.
Rishi Sunak:
The UK will issue, subject to market conditions, its very first sovereign green bond next year.
This will be the first in a series of new issues, as we build a ‚green curve‘ over the next few years to help fund projects to tackle climate change and create green jobs.
Rishi Sunak:
Read more about my ambition for the future of UK financial services here
To compensate for any reduced economic activity with the EU, Sunak says the country is moving towards establishing closer ties with Switzerland, India and Japan. According to the Wall Street Journal, the British Treasury chief expects a significant reduction in the interaction of financial services with the EU.
Indeed, wary of any Brexit-induced dislocation, some financial firms have left the UK or have established offices in EU member states to continue to provide services on the continent.
Promote „green“ finance
In addition to stablecoins and CBDCs, the UK government has also reportedly pledged to put more emphasis on green finance. According to Suna, the country’s financial firms will have to comply with stricter environmental disclosure rules.
As previously reported by BeInCrypto, the New York Department of Financial Services (NYDFS) has also issued a similar warning to crypto companies. At the time, the regulator expressed its intention to require more stringent climate change management risks from state regulated financial institutions.