First Bitcoin wallet with CoinJoins on the way for iOS
28. November 2020
Fans of both iOS and privacy wallets and Bitcoin have not had an easy time of it in recent years. It was never possible to do CoinJoins with a mobile wallet on an iPhone. However, there is a new application coming up that wants to offer this: the ChainCase wallet.
Bitcoin’s best-known privacy tool is doing a CoinJoin. In a previous article, we explained step by step how this works. It is as it were that you divide your Bitcoin (UTXO) into small pieces and then mix them with other people’s pieces. This can be done for example with the Samourai or the Wasabi wallet. However, the problem with that is: you are stuck with Android or a desktop application.
After doing a Bitcoin Freedom it is difficult, if not impossible, to trace payments back into the blockchain. This creates a haze for analysis companies such as Chainalysis and CipherTrace.
For the iOS users there is a new app in arrival. ChainCase would like to develop this option as a client for iPhones, with the help of Wasabi. The well-known developer Max Hillebrand is looking into this issue, together with Dan Gould.
CoinJoins on iOS
This will make it the first application for Apple to support this. Currently you can download the app from Testflight. Please note that it is still a beta app and does not work flawlessly. The editors experienced several crashes while testing the wallet. Use it at your own risk!
There are certainly reasons why the app is not yet available on the AppStore. Besides CoinJoins, the app also uses a number of other privacy tools, including Tor. It also uses neutrino as a light wallet protocol to sync with the network of nodes.
For true privacy enthusiasts, ChainCase is currently mainly an app to browse around and play along with. For the masses it is not yet ready for use. But it is one to keep an eye on.
BITCOIN RECHNET MIT EINEM WEITEREN RÜCKGANG UM 3.000 DOLLAR, BEHAUPTET EIN ALTGEDIENTER HÄNDLER
27. November 2020
Eine Flut historischer Bitcoin-Fraktale deutet darauf hin, dass Bitcoin seinen Niedergang um weitere 3.000 Dollar fortsetzen wird.
Der altgediente Händler Peter Brandt machte den rückläufigen Aufruf in einem am Donnerstag veröffentlichten Tweet, Stunden nachdem Bitcoin um bis zu 16,31 Prozent von seinem lokalen Hoch von $19.500 gefallen war. Er fügte hinzu, dass die Krypto-Währung ihre Abwärtskorrektur ausdehnen könnte, bis sie die unteren 14.000 $-Level erreicht, und nannte ähnliche rückläufige Bewegungen während des Bullenlaufs 2015-2017. Auszüge:
„Während des Bullenmarktes 2015-2017 bei Bitcoin (BTC) gab es 9 signifikante Korrekturen mit den folgenden Durchschnittswerten: 37% Rückgang von Hoch zu Tief [gefolgt von] 14 Wochen von einem [Allzeithoch] zum nächsten [eins].“.
Bitcoin erholte sich sechs Wochen in Folge um fast 100 Prozent und erreichte allein an diesem Montag mit 19.500 US-Dollar seinen Jahreshöchststand. Die Aussichten auf wachsende institutionelle Investitionen, gefolgt von günstigen makroökonomischen Aussichten, angeführt von einem abwertenden US-Dollar und Schulden mit negativen Renditen, ließen die Kryptowährung als alternative Absicherungsanlage wachsen.
Aber die Kundgebung machte Bitcoin auch zu einem überkauften Vermögenswert, wie Bitcoinist vorhin berichtete. Das erhöhte das Risiko eines Blowoff-Tops, d.h. Gewinnmitnahmen von Händlern, was dazu führte, dass der Preis in der ersten Hälfte dieser Woche um mehr als 3.000 $ fiel. Nur Herr Brandt ist der Meinung, dass die Verkaufsaktion noch lange nicht vorbei ist, wenn man bedenkt, wie sich Bitcoin historisch nach exponentiellen Bullenläufen verhält.
„Eine 37-prozentige Korrektur von der lokalen Spitze würde den Bitcoin-Preis auf bis zu 14.235 $ bringen“, bemerkte er. „Viele Händler, die geschworen haben, einen großen Einbruch zu kaufen, wenn [der] Preis über 19.000 $ liegt, werden tatsächlich zu Verkäufern unter 15.000 $.
UNTERSTÜTZENDE TECHNISCHE FRAGEN
Herrn Brandts rückläufiges Ziel bei $14.000 hat zwei starke technische Unterstützer.
Erstens stimmt das Niveau mit den früheren Widerstandsbereichen von Bitcoin überein. Zum Beispiel testete die Kryptowährung im Januar 2018 kurzzeitig 14.253 $$ als Preisobergrenze, bevor sie für den Rest des Jahres tiefer notierte. Im Juni 2019 erreichte die Haussebewegung von BTC/USD einen Höchststand von $13.868, ebenfalls sehr nahe am Abwärtsziel von Herrn Brandt.
Zweitens liegt der gleitende 20-Wochen-Durchschnitt (20-WMA) von Bitcoin bei 12.928 $, wobei erwartet wird, über 13.500 $ zu schließen, sollte sich der Preis nach dem letzten Rückgang konsolidieren. Das bringt BTC/USD weiter in die Spanne von Herrn Brandts rückläufigem Ziel nahe $14.000. In der Zwischenzeit hält die 20-WMA auch einen Rekord für die Beibehaltung der zinsbullischen Ausrichtung von Bitcoin.
„Ein 20-Wochen MA dient als Unterstützung [Niveau] in einem Bärenmarkt [und] als Widerstand in einem Bullenmarkt“, sagte ein pseudonymisierter Analyst. „Der Preis von Bitcoin kehrt immer und immer wieder dorthin zurück. Vielleicht: „Dieses Mal ist es anders“, aber ich persönlich glaube das nicht, und ich werde auf den MA-Test warten.
Sollte der Preis auf der 50-WMA-Unterstützung rückläufig sein, würde er riskieren, eine ausgedehnte Abwärtskorrektur in Richtung der 50-WMA zu erfahren. Er liegt bei 10.000 Dollar.
Update and progress on Chrysalis Phase 2
23. November 2020
IOTA News: Update and progress on Chrysalis Phase 2
Things are moving forward at IOTA. The development team conveyed this message last week in a blog post published on 19 November. Jakub Chech, the Director of Engineering, spoke in the weekly Chrysalis Update about the steps of Phase 2. Let’s take a quick look at the IOTA News.
The transformation of IOTA towards IOTA 2.0 is a continuous and long-lasting process. Therefore, the Foundation strives to present the state of the art by Bitcoin Circuit in regular IOTA News and Updates.
Transparency and communication are intended to maintain the trust of investors and show which concrete measures are being worked on.
After IOTA has already reached an important milestone this year with the Chrysalis Phase 1, the engineers are now working on the implementation of Phase 2.
In the current issue of IOTA News, the company announces that significant progress has been made in the development of a wallet for chrysalis phase 2.
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Chrysalis Phase 2 brings new wallet and replaces Trinity
A new wallet, Chrysalis 2, will be implemented to replace the existing Trinity Wallet.
We would like to provide a first alpha version for the community within the next weeks.
The development work is currently still running on private test networks. However, we want to create and make public test networks accessible as soon as possible.
In IOTA News it is emphasised that we are working together with external auditing companies to ensure a high level of quality and to guarantee a smooth process.
Jakub Chech therefore informs with the current blog post about the current state of affairs and confirms the self-declared goal of the so-called „Mission Coordicide“.
What is your opinion about the current IOTA News? – Do you still follow the development of the project and what chances do you give the development of IOTA?
These are the top five DeFi derivative platforms
22. November 2020
Derivative products are growing rapidly in modern finance. The global market is gigantic and, according to BIS estimates, is an unimaginable $ 700 trillion. The DeFi derivatives sector, on the other hand, is only $ 911 million. So the growth potential is enormous. Which projects could dominate the world of decentralized derivatives in the future?
Today we’re taking a look at the five largest DeFi platforms. When it comes to the legitimacy and maturity of various financial instruments, derivatives have proven time and again to be a crucial piece of infrastructure necessary for the long-term growth of any asset class.
In terms of cryptocurrencies such as Bitcoin Machine and Ether (ETH), the introduction of Bitcoin futures offered an important option for institutional investors to hedge against risk.
What are DeFi derivative platforms?
A derivative is a contract between two or more parties whose value is based on an agreed underlying financial asset (securities, commodities …) or a group of assets (such as an index). Common base instruments include bonds, commodities, currencies, interest rates, market indices and stocks.
In addition, derivatives are inherently secondary securities in that their value is derived from the value of the primary security to which they are linked. Examples of derivatives are usually futures contracts such as futures, options or swaps.
Thanks to the emergence of smart contracts , engineered derivatives can be created. This makes it possible to conclude derivative contracts without a third party. This trend has enabled retail investors to take advantage of financial instruments that are normally only available to those with brokerage accounts or specialist knowledge.
The derivatives market in the Ethereum DeFi sector is still very small and many projects are still in the early stages of development.
Below we take a look at the five largest DeFi derivative projects
5. Erasure: Total Value Locked $ 3.6 million
Numerai has developed the Erasure Protocol, a decentralized data marketplace for forecasting markets. In addition, Erasure allows you to upload forecasts and build a reputation for them over time by using cryptocurrencies such as Numeraire (NMR) or DAI.
Users who make predictions submit them with a time stamp for which they store NMR. This gives them the opportunity to buy access to encrypted forecast feeds and to rate the forecasts of other participants. Reliable forecast sources can be developed based on historical performance.
To try out Erasure, take a look at Erasure Quant. Erasure Quant can be used to upload signals and potentially receive cash for stock forecasting. Or you can on ErasureBaybuy or sell the predictions of other participants. The aim of Erasure is to build up reliable sources of information on a variety of topics over time.
4. dYdX: Total Value Locked $ 39.1 million
dYdXis the largest decentralized derivatives exchange on the Ethereum blockchain. With their margin deposit, users can leverage their speculations on falling or rising prices by a maximum of five times. There is a trading fee of 0.05 percent to 5 percent.
It is also possible to lend assets on the DeFi-DEX at a variable interest rate that depends on the supply and demand of the platform. Five percent of all interest payments from borrowers are set aside for the record to fund an insurance pool. The rest of the interest payments are paid out to people who make their capital available on dYdX. Currently, the DeFi protocol supports trading pairs for ETH, DAI and USDC.
3. Hegic: Total Value Locked $ 50.5 million
Hegic is an on-chain peer-to-pool options trading protocol built on top of Ethereum. The protocol enables users to use call and put options on Ethereum or tokenized Bitcoin. In addition, users can make liquidity available on Hegic.
This makes it possible to earn money from the trading volume of the Hegic platform. In addition, due to the liquidity stored in the option contract itself, Hegic options can be exercised at any time during the holding period of a contract.
This means that Hegic trade options yourself or participate in the success of the platform as a liquidity provider.
2. Nexus Mutual: Total Value Locked $ 86.2 million
Nexus Mutualis an open source platform through which users can insure their risks in the decentralized finance sector. For this reason, Nexus Mutual offers all DeFi investors an opportunity to lower their investment risks in the emerging Ethereum industry.
With the help of smart contracts, investors can protect themselves against bugs or hacks in the DeFi sector. In addition, Nexus Mutual owns a native platform token called NXM.
This benefits from the success of the protocol in three different ways. On the one hand, it is possible to stake NXM in contracts that you consider safe, for which you receive rewards in return. In addition, NXM is used as a governance token by voting on various updates of the protocol and receiving rewards for this. NXM can also be obtained for assessing DeFi platform risks.
1. Synthetix: Total Value Locked $ 766.1 million
Synthetix is a protocol for the issuing and trading of synthetic assets. The platform is considered the inventor of synthetic assets and helps users to map the value of various on-chain and off-chain assets such as crypto currencies, fiat currencies, stocks or commodities.
This makes it possible, for example, to participate in price increases of listed companies via the Ethereum blockchain.
Synthetix has two different tokens: SNX and Synth. SNX is the primary native token issued by the DeFi platform and available for trading. Thus, various synthetic products can be created by storing SNX.
The synth generated then track the price of the corresponding asset and so, for example, sETH stands for ETH and sGold for gold. The synths produced can either be held or traded on the Synthetix exchange.
The ratio between the value of the secured SNX and the value of the synthetic synth must be more than 750 percent for the security of the protocol to be guaranteed. Debtors receive the trading fee from the Synthetix exchange as a reward by staking SNX.
Bitcoin is a million times better than gold, said MicroStrategy CEO
27. Oktober 2020
Bitcoin is a million times better than gold, according to MicroStrategy’s CEO.
Michael Saylor, the CEO of the company that bought bitcoin for $425 million comes superlatives short on the digital currency.
Earlier this week, he announced that the company would retain the Crypto Revolt for at least 100 years. Saylor feels that you can never have enough bitcoin. „If you really understand, an investment of 1% of your portfolio is not enough.
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Bitcoin better than gold
In his interviews, Saylor often mentions that bitcoin is miles ahead of gold. According to the CEO of the tech company, this has everything to do with the difficulty adjustment of bitcoin. This is missing with gold.
When the price of bitcoin rises and less investment in equipment is made, more bitcoin is not suddenly found. It may be that blocks are temporarily found a bit faster, but after the difficulty adjustment that average automatically goes back to 10 minutes per block.
This mechanism ensures that the number of new bitcoin added per day remains predictable and at the same level. This is not the case with gold. If the price of gold rises and miners start investing more in mining gold, they will find more gold.
There is no mechanism for gold that makes it more difficult to find gold. According to Saylor this is the argument against gold and for bitcoin.
Bitcoin rises relative to gold
According to macro investor Raoul Pal it is interesting to keep an eye on the proportions between bitcoin and gold. The last few weeks gold is starting to outperform bitcoin.
If bitcoin breaks with gold, then the dollar and the stock markets are the following hurdles according to Pal. The break with gold and shares can be extra fuel for the rocket that now slowly resembles the rise.
It is also enormously bullish that prominent investors like Paul Tudor Jones are getting more and more involved in the debate. He said he has never seen a store of value with so much intellectual capital behind it. By which he refers to the enormous and still growing group of bitcoiners.