Bitcoin’s dominance rate (BTCD) reaches its highest level since 2019

The BTCD has passed a line of falling resistance.

Support and long-term resistance are observed at 62.5% and 71%.

The BVDT follows a short term upward parabolic support line.

The Trust Project is an international consortium of media organisations based on transparency standards.

Bitcoin’s dominance rate (BTCD) has surpassed one Bitcoin Blueprint review long-term support line and aims to reach another long-term support line close to 71%.

Although the long-term trend appears to be upward, a short-term rejection and correction is likely once the BTCD has reached this resistance zone.

Transition from long-term resistance
During the week of 14-21 December, the BTCD crossed a downward resistance line in place since August 2019.

The BTCD continued its ascent this week and is heading towards the closest zone of resistance, at 71%. It had not moved above this zone since September 2019, which corresponds to the top of the descending resistance line.

The nearest support zone is at 62.5%.

Technical indicators are bullish, supporting the possibility that the upward movement will continue. This is all the more notable given that the MACD has just passed above 0, while the RSI is in the process of passing above 70.

A passage above the 71% resistance zone could trigger an even more marked upward movement due to the absence of further resistance.

BTCD Long-Term Breakout
Graphic BTCD – TradingView
Cryptocurrency trader @Mesawine1 presented a chart of the BTCD, indicating that although it is currently at a high resistance level, a breakthrough above it could trigger a very strong continuation movement.

That said, he believes that the BCDB will decline instead. Although long-term indicators are bullish, as we saw above, traders should look at shorter time scales to determine the direction of the BOTCD going forward.

The BTCD day chart shows an upward support line that has been maintained since the beginning of September. Currently, the BTCD is considerably above this line, suggesting that the movement is too broad. A retracement in order to validate this line is therefore possible.

However, as for the week, the technical indicators are bullish, which supports the continuation of the upward movement.

The first sign of a rally that could not continue comes from the two-hour chart. The latter shows a parabolic rising support line. Once the parabola is broken, a sharp drop is likely.

This would also correspond to the aforementioned possibility of validating the upward support line, since the fibonacci retracement levels 0.5-0.618 at 64-65% coincide with the latter.

Conclusion
In conclusion: the long term trend of the BCDB seems bullish, so that the passage above the 71% long term resistance zone is quite possible.

However, the short-term parabola is not viable. Therefore, a short-term corrective movement is expected before a new breakthrough is attempted.

The Swiss Central Bank continues its curious experiments – Central bank digital currency on the horizon?

Switzerland is also taking part in the race – The Swiss Central Bank is taking a new step in the creation of its MNBC. She is looking for commercial banks to scrupulously test her crypto-franc.

First conclusive tests

It has been some time now since the Swiss National Bank (SNB) started various tests with a view to issuing an MNBC.

But it was in early December that she finally published a document summarizing her work with the BIS (Bank of International Settlement) in the context of large transfers between banks .

After initial favorable results, the SNB is preparing to test its cryptocurrency as part of the launch of the SIX Digital Exchange , in 2021. This appears to be the ideal infrastructure to test the newly created MNBC.

In reality, the next step is to test the adaptability of the MNBC with commercial banks . This is why the SNB claims to be currently looking for a guinea pig:

“We are now looking for local banks who are willing to participate, as it involves some costs for them. They will need to be able to adapt their own systems to participate. “

Statement by Thomas Moser, deputy member of the Executive Board of the Swiss National Bank at The Block
Tests gathered in the Helvetia project
All of these tests are part of a project called Helvetia. Its main objective is to set up proofs of concept to test the viability of an MNBC.

This project included 2 different proofs of concept :

The first on tokenization , namely the issue of the MNBC

The second concerns „detokenization „, namely the delivery against payment of the tokenized asset.
However, this project is only the beginning of a long series of tests.

“The Helvetia project is a first step towards this broader understanding of the implications for the financial system. There is still work to be done to establish a clear vision of the role of a central bank in any future system. „

For its part, the Central Bank of France is continuing its tests in partnership with Société Générale . It remains to be seen who will be the first country on the European continent to adopt a central bank cryptocurrency.

Bitcoin reclama 24.000 dólares tras el apoyo de Elon Musk.

El precio de la BTC se enfrenta a una gran resistencia en la zona de los 7.150 dólares

Tras su nuevo máximo histórico durante el fin de semana, Bitcoin volvió a esos niveles durante las primeras operaciones del lunes por la mañana, lo que indica que los toros no han terminado con los mercados.

Los precios de Bitcoin alcanzaron un récord de 24.250 dólares hace unas horas según los gráficos de Tradingview.com. La cifra exacta variará ligeramente en las diferentes bolsas y en los diferentes países debido a la demanda.

Bitcoin regresa a 24.000 dólares

Es la segunda vez que el activo digital dominante del mundo ha superado el nivel de 24 mil dólares y podría estar en camino de alcanzar un hito de 25 mil dólares esta semana.

En el momento de redactar el presente informe, se ha producido un retroceso marginal hasta los 23.900 dólares, pero el impulso sigue siendo fuerte, ya que recientemente ha recibido el impulso de uno de los empresarios de tecnología más influyentes del mundo.
Relacionado
Una semana en breve: Más de 80.000 millones de dólares añadidos a los mercados criptográficos tras el gran rally de Bitcoin
La perspectiva del oro en 2021 es mixta, pero es improbable que eclipse a Bitcoin.
Los inversores y las figuras criptográficas aclaman a Bitcoin alcanzando los 20.000 dólares, el nuevo ATH

Elon Musk ha estado ocupado en twitter este fin de semana con un número de endosos de Bitcoin que incluyen un meme que es un poco demasiado picante para su republicación en Finbold.

Los comentarios dieron lugar a varias sugerencias de que Tesla está a punto de embarcarse en una juerga de compras de Bitcoin, pero la probabilidad de que eso siga siendo escasa.

Los analistas se han centrado más en los gráficos en los esfuerzos por determinar cuánto más alto puede llegar este rally. La novena secuencia suele significar un retroceso, pero aún no se ha materializado para Bitcoin.

Su colega y criptoanalista YouTuber, Tone Vays, se mantuvo alcista pero advirtió sobre el aumento de los precios demasiado rápido;

„Sigo siendo optimista hasta el lunes, pero si Bitcoin alcanza los 30.000 para el final de la semana estaríamos en esa zona de subida demasiado rápida que históricamente termina mal“.

En otras partes de los mercados criptográficos

La capitalización total del mercado ha superado los 680.000 millones de dólares por primera vez en casi tres años, según Coingecko. Ethereum y XRP no han registrado más ganancias durante el fin de semana y han sido Litecoin y Bitcoin Cash los que han hecho movimientos al alcanzar los 120 y 365 dólares respectivamente.

Otros altcoins que han hecho buenas ganancias en las últimas 24 horas son Binance Coin, Bitcoin SV, EOS, NEM, y Tron.

En un desarrollo negativo para la industria, los datos de los consumidores del proveedor de carteras de hardware Ledger se han filtrado en línea por segunda vez este año.

Los investigadores y observadores de la industria están advirtiendo sobre una ola de ataques de phishing y de intercambio de SIM que podrían tener como objetivo los clientes de Ledger tras el vertido de la base de datos de la empresa que contiene correos electrónicos, números de teléfono y direcciones físicas.

13% af Bitcoins hvidvaskningstransaktioner skete gennem privatlivsporteføljer

Privatlivsporteføljer blev brugt til at hvidvaskede de midler, der blev stjålet fra hackerne på Twitter og Kucoin, da deres rolle fortsætter med at vokse blandt dårlige skuespillere.

En nylig rapport fra et blockchain-analysefirma viste, at kriminelle er begyndt at bruge privatlivsporteføljer til at skjule deres ulovlige bitcoin-transaktioner. Brugen af ​​sådanne tegnebøger er steget kraftigt siden 2019, og nu går over 13% af al indtjening fra kriminalitet igennem dem.

Den voksende rolle i privatlivsporteføljer til ulovlige aktiviteter
Det britisk-baserede analysefirma Elliptic fremhævede i sin seneste rapport stigningen i antallet af hvidvaskningssager ved hjælp af bitcoin. Det påpegede imidlertid en væsentlig ændring i den primære driftsmetode.

Papiret skitserede, at det mest foretrukne værktøj til hvidvaskning af penge plejede at være de berygtede bitcoin-mixere. Enkelt sagt fungerer sådanne mixere som mønter randomiserende og sørger for, at de sendte og modtagne bitcoins er forskellige. I sidste ende gør de det sværere at spore transaktionen tilbage til den oprindelige tegnebog.

Men da de også har problemer, herunder muligheden for, at retshåndhævende organer portrætterer som mixeroperatører eller regulatorer med succes at slå ned på brugen, er dårlige aktører begyndt at vende sig til en anden mulighed – privatlivsporteføljer.

Betydning, bitcoin-tegnebøger (enten varme eller kolde), der hører til bestemte individer, snarere end en udveksling. Når det kombineres med Tor-anonymitetsnetværket, kunne sådanne tegnebøger transmittere CoinJoin-transaktioner.

CoinJoin er på den anden side processen med at skabe multi-parts Bitcoin Era-transaktioner, hvor den oprindelige kilde også er blandet og vanskelig at spore. Slutresultatet af disse tjenester er blevet stort set populært blandt hvidvaskere siden sidste år. Som grafen nedenfor illustrerer, udgør private tegnebogstransaktioner knyttet til dårlige aktører 13% og har overgået mixere.

Ulovlige BTC-transaktioner med personlige tegnebøger og mixere. Kilde: Elliptic

Inddragelse i de to mest berømte 2020-hacks
2020 har set flere væsentlige sikkerhedsbrud på en eller anden måde relateret til kryptovalutaindustrien. Elliptics rapport angav, at privatlivsporteføljer var blevet ansat med to af de mest berømte til at hvidvaskse de taget midler.

Det er nemlig Twitter-hacket, der så snesevis af højt profilerede konti kompromitteret for at fremme en falsk bitcoin-giveaway og angrebet på KuCoin, der stjal 280 millioner dollars i forskellige digitale valutaer.

Rapporten specificerede imidlertid ikke, hvilken del af de stjålne midler, der er blevet hvidvasket med succes gennem privatlivspungerne. En måned efter hacket på kryptovalutaudvekslingen sagde KuCoins administrerende direktør, at de havde genvundet 235 millioner dollars – eller 84% af alle midlerne

Rete Switcheo – Comprendi come funziona Zilswap

Zilswap è un protocollo decentralizzato che consente agli utenti di scambiare token ZRC-2 su Zilliqa.

Nel nostro precedente articolo di questa serie, abbiamo spiegato come puoi scommettere su Switcheo Exchange.

In questo articolo, ci concentreremo sul prodotto ZilSwap supportato dalla rete

Switcheo Network ti consente di scambiare i token ZRC-2. Puoi anche fornire liquidità in un pool esistente o crearne uno nuovo. Il protocollo Zilswap supportato da Switcheo Network è un protocollo completamente decentralizzato che consente agli utenti di scambiare token ZRC-2 su Zilliqa .

Zilswap si avvale di un Autonomous Market Maker (AMM) basato sulla formula del prodotto costante (x * y = k) proposta per la prima volta da Vitalik Buterin .

L’attività di swap viene svolta contro i pool di liquidità e le transazioni possono essere eseguite completamente on-chain.

Per utilizzare Zilswap, vai alla pagina della piattaforma .

Fare clic sull’icona Zilpay. Ti darà due opzioni per la configurazione del portafoglio

Se sei un nuovo utente, fai clic su Crea.

Ti mostrerà una frase di backup di 12 parole che devi memorizzare in modo sicuro.

L’applicazione ti chiederà di verificare la frase di backup. Una volta verificato, ti chiederà di impostare la password dell’account. Fallo e poi è fatto.

US Congress in panic over cryptos: the STABLE Act, a banking Trojan?

MP Rashida Tlaib, backed by two of her peers, Jesus Garcia and Stephen Lynch, has tabled a bill relating to stablecoins. The STABLE Act – Stablecoin Tethering and Bank Licensing Enforcement Act – intends to regulate the issuance of stablecoins in the United States.

Issuers of stablecoins assimilated to banks?

The STABLE Act intends to regulate the issuance of stablecoins by requiring the obtaining of a banking license before even considering the launch of a stablecoin.

The stated aim of this proposed law would be to “protect low-income households who invest in stablecoins” . Companies issuing these currencies do not follow the same rules as banks, which could be detrimental to individuals, according to the authors of the bill .

„We cannot outsource the issuance of US currency to private entities and the Crypto Bull ensures that our regulators will be able to effectively oversee the deployment of this new technology (stablecoins).“

This necessarily echoes Libra’s re-branding towards Diem, who is seeking to issue a dollar-backed stablecoin . This project is often highlighted by US regulators as a potential threat to the stability of the financial system .

Draconian regulations for stablecoin issuers

The STABLE Act, if passed, would rest on four pillars:

Any issuer of stablecoins must obtain a banking license ,
Companies issuing stablecoins will have to comply with existing banking regulations ,
Companies issuing stablecoins will have to obtain authorization from the central bank and their benchmark banking partner ,
Approval must be obtained at least 6 months before the launch of its services,

The project would also require issuers of stablecoins to maintain sufficient reserves in dollars , consigned to the central bank . All the tokens issued should thus be able to be converted into dollars at any time.

The announcement of this bill sparked strong reactions on Twitter . On the one hand, because the drafters of the text position themselves as the protector of the most disadvantaged against cryptoassets. On the other hand, because this bill could represent, once again, a brake on innovation .

In view of the political calendar, it seems that this law will not be seriously discussed for several months, and that it is unlikely to be passed as it is. Indeed, the current parliamentary session is coming to an end in less than a month. If the debates are not finished by this date, the project will have to be proposed again to Congress in January.