SkyBridge Capital najnowszy, który złoży wniosek Bitcoin ETF w US SEC

SkyBridge Capital złożył wniosek o ETF Bitcoin we współpracy z First Trust Advisors.

Firma inwestycyjna z siedzibą w Nowym Jorku SkyBridge Capital złożyła wniosek o fundusz giełdowy Bitcoin ( BTC ) lub ETF w amerykańskiej Komisji Papierów Wartościowych i Giełd

SkyBridge złożył wniosek 19 marca we współpracy z doradcą inwestycyjnym First Trust Advisors. First Trust będzie działał jako doradca funduszu, a Skybridge jako pomocniczy doradca.

Z dokumentów wynika, że ​​fundusz ETF First Trust SkyBridge Bitcoin będzie starał się notować swoje akcje na nowojorskiej giełdzie Arca. Nie ogłoszono jeszcze symbolu giełdowego dla funduszu.

Zgłoszenie podkreśla, że ​​zaufanie zaoferuje inwestorom regulowany sposób uzyskania ekspozycji na Bitcoin bez konieczności przechowywania aktywów cyfrowych i umożliwi inwestorom wykonywanie transakcji za pośrednictwem ich brokerów.

First Trust SkyBridge ETF Trust jest obecnie jedną z kilku aplikacji dla ETF Bitcoin, który obecnie oczekuje na werdykt SEC

w Nowym Jorku, WisdomTree, złożyła swój najnowszy wniosek o fundusz ETF Bitcoin , po próbie uzyskania zatwierdzenia funduszu, który utrzymywałby do 5% swojego portfela kontraktów terminowych na bitcoiny, pomimo skupienia się na energii i metalach w połowie -2020.

Wiodący amerykański bank inwestycyjny Morgan Stanley złożył 16 lutego wniosek o ETF Bitcoin we współpracy z firmą NYDIG zajmującą się usługami finansowymi zajmującymi się kryptowalutami . Proponowany fundusz byłby dostępny wyłącznie dla inwestorów, którzy posiadają w firmie aktywa o wartości co najmniej 2 mln USD.

W styczniu SEC otrzymała również oddzielne wnioski o ETF Bitcoin od głównego emitenta produktów giełdowych VanEck i aktywów Valkyrie Digital z Teksasu .

Wobec braku funduszu notowanego na giełdzie, brak regulowanych produktów inwestycyjnych oferujących ekspozycję na cenę Bitcoin wydaje się skłaniać inwestorów z USA do spekulacji na akcjach czołowych firm działających w sektorze aktywów cyfrowych.

22 marca wiceprezes Fundstrat ds. Strategii aktywów cyfrowych, Leeor Shimron, ujawnił, że w ciągu ostatnich 12 miesięcy akcje czterech największych firm wydobywających bitcoiny notowanych na giełdzie osiągały lepsze wyniki niż Bitcoin o 455% . Komentując dane dla CNBC, Shimron powiedział :

„Dopóki ETF Bitcoin nie zostanie zatwierdzony, inwestorzy mogą postrzegać publiczne spółki wydobywcze jako jeden z jedynych sposobów uzyskania ekspozycji na Bitcoin”.

ANALYST SETZT 100.000 $ BITCOIN PREISVORHERSAGE GEGEN BLASE SORGEN

Bitcoin korrigiert nach dem Anstieg auf sein Rekordhoch von ca. $32.000 nach unten, aber das hat einen Analysten nicht davon abgehalten, extravagante bullische Forderungen zu stellen.

EIN $100K-BITCOIN

PlanB, der Schöpfer von Stock-to-Flow, einem weithin zitierten Preisvorhersagemodell unter Bitcoin-Liebhabern, sagte am Sonntag, dass er sieht, dass das Flaggschiff der Kryptowährung irgendwann zwischen dem zweiten und dritten Quartal 2021 100.000 $ erreichen wird. Er basierte seine bullische Analogie auf der Marktleistung von Bitcoin nach den sogenannten „Halvings“, einem periodischen Ereignis, das das aktive Angebot um die Hälfte reduziert.

„Wenn sich die Geschichte als Richtschnur erweist und Bitcoin seine aktuelle Entwicklung fortsetzt, könnte BTC irgendwo zwischen April und September bei 100.000 Dollar liegen“, so PlanB.

Die Analyse von PlanB stützt sich auf die begrenzte Angebotsobergrenze von Bitcoin von 21 Millionen. Da sich die Produktionsrate im Laufe der Zeit verlangsamt – und gleichzeitig die Nachfrage steigt – wird die Wahrscheinlichkeit einer Rallye der Kryptowährung größer. Dies dient als Grundlage für das Stock-to-Flow-Modell des Analysten, das BTC/USD bis zum Ende dieses Jahres bei 288.000 $ sieht.

Bislang hat sich das Modell als genau erwiesen und folgt der von PlanB aufgestellten Projektionskurve. Seine nachweisliche Korrektheit hat viele Händler und Analysten dazu veranlasst, es als bullischen Hintergrund für Bitcoin zu zitieren.

BUBBLE TROUBLE

Die Makro-Investoren und altgedienten Manager haben Bedenken, dass sich die Preisrallye von Bitcoin vielleicht doch als Blase entpuppt.

Nach seiner dramatischen Erholung vom COVID-19-Crash im vergangenen März hat die Kryptowährung im späten Q4/2020 und im frühen Q1/2021 eine Reihe von Rekordhochs erreicht und ist im Januar zu einem Zeitpunkt um mehr als 1.000 Prozent gestiegen. Das hat BTC/USD in den Fokus von Bären gerückt, da Strategen glauben, dass der Preis über seinen eigentlichen Wert hinausgegangen ist.

Der Gründer der Baupost Group, Seth Klarman, sagte gegenüber der Financial Times, dass Investoren einen „falschen Eindruck“ davon haben, dass der Bitcoin- und der Aktienmarkt langfristig bullisch sind. GMO-Mitbegründer Jeremy Grantham warnte ebenfalls vor „extremen Überbewertungen“, als er die laufende Risiko-Rallye als „epische Blase“ bezeichnete.

EIN WEITERER ANREIZ

Aber Analysten im Bitcoin-Bereich wetten auf ein nachhaltiges Wachstum für Bitcoin, selbst wenn es auf dem Weg dorthin auf eine hardcore bärische Korrektur trifft.

Ihr Narrativ ist einfach: Der US-Dollar wird seinen Wert verlieren, solange die US-Regierung ihre Stimulierungsprogramme ausweitet und die Federal Reserve weiterhin Staatsanleihen auf unbestimmte Zeit kauft. Infolgedessen würden Unternehmen und Investoren, die auf massiven Bargeldhaufen sitzen, einen Teil davon in sichere Anlagen wie Gold und Bitcoin diversifizieren wollen.

„Die Vereinigten Staaten sind für eine Periode riesiger Ausgaben und Haushaltsdefizite positioniert, wobei hohe Inflationsraten so gut wie garantiert sind“, sagte William W Nemirovsky, ein Strategieanalyst bei River Financial.

„Derzeit unterstützen alle Teile der US-Regierung den Preis von Bitcoin und haben keine Anzeichen dafür gegeben, dass sich ihre Positionen in naher Zukunft ändern werden“, fügte er hinzu.

A „double spending“ rumor affects Bitcoin, what happened?

The rumor of a possible „double spending“ on the Bitcoin Blockchain caused panic in the crypto market and collapsed its price. we tell you about it!

Yesterday the price of Bitcoin plummeted even below USD 30,000 before recovering during today’s trading. And while it’s not the first time the crypto price has had this kind of move, apparently the drop was caused by a big rumor.

Bitcoin pulls back, but that doesn’t seem to bother crypto whales

Double spending could kill Bitcoin

For those who don’t know the term, a double spend, as the name implies, is spending the same batch of Bitcoin Up twice while being manipulated the crypto’s Blockchain in order to cover up the action.

And, if you’re still not quite sure you understand the term, a perfect example of a double spend on the Blockchain is when a person leaves a check as a form of payment and subsequently withdraws the funds from the account before the money is cashed.

Clearly, such a major event on the Bitcoin Blockchain would destroy the trust of crypto users. So, considering that crypto is sustained by trust, it would be the end of it.

Panic hit the crypto market when on Wednesday BitMEX Research published a report where it suggested that a critical flaw, specifically a „double spend“ flaw, had occurred in the Bitcoin Blockchain.

1/2] There was a stale Bitcoin block today, at height 666,833. SlushPool has beaten F2Pool in a race.

The crypto firm tweeted about the possibility of a small double spend of around 0.00062063 BTC ($21).

Immediately the news alarmed the entire crypto market and the investigation began, had a double spend really occurred on the Bitcoin Blockchain? In general, misinformation spread and, with it, chaos.

Some media outlets such as CoinDesk rushed to clarify what had happened. In particular, Jason Lau, COO of OKCoin exchange, explained to them that, in reality, what happened was „a reorganization in the Blockchain“, something that, in fact, is quite common.

Likewise, BitMEX Research clarified that what appeared to be a „double spend“ was actually an RBF, which consists of replacing an unconfirmed transaction with a new one at a higher rate.

Bitcoin Could Reach 115K, Says Pantera Capital

MicroStrategy continues to demonstrate its crypto confidence

According to an SEC filing, MicroStrategy has acquired another USD 10 million in the crypto leader. In this regard, the company now holds approximately 70,784 Bitcoins in total.

Also, according to the filing, this puts the company’s average purchase price at $16,035 per Bitcoin.

Crypto market capitalization pulls back sharply as Bitcoin falls

Grayscale picks up USD 1 billion in Bitcoin in a single week

In case you’re still not impressed by Grayscale’s capabilities and pivotal role in the crypto market, let me tell you that the company’s Bitcoin Trust raised $1.2 billion since January 15.

In fact, Michael Sonnenshein, CEO of the crypto firm, said on Twitter that the amount amounted to $1,276,147,151.

This is how the crypto firm continues to break records, it is worth remembering that, during the fourth quarter of 2020, its average was $ 217 million raised weekly.

Markets in panic over Bitcoin’s fall

In a nutshell…

Sberbank sent a request to Russia’s central bank to issue a digital crypto token, i.e. a Stablecoin for its customers.
Janet Yellen, nominee for Treasury Secretary, said cryptos are being used for illicit financing.

And another record high – Bitcoin cracked $ 24,000 at the weekend

Bitcoin’s soaring continues, which means that the US $ 24,000 mark has now also been jumped.

Bitcoin ( BTC ) hit a new record high today, December 19th. At the weekend, the market-leading cryptocurrency is on the up again and is adding the next milestone to its current high-altitude flight.

From record high to record high

As data from Cointelegraph Markets and Tradingview show, Bitcoin jumped to $ 24,210 today, breaking the previous new record set just this week.

After breaking the previous high of $ 23,777, things went up a little further before the new high came to an end and went down again. The price data shows that there is great pressure to sell at the psychologically important $ 24,000 mark.

„If we? Weekend still a record high,“ as Cointelegraph Markets Analyst Michaël van de Poppe provides questioningly into the room . Bitcoin investors seem to take up this challenge as the bulls keep pushing up.

Expert warns of return

With today’s upswing, the soaring flight of recent weeks continues, with significant gains also being made on weekends , and not just during the week as usual.

Meanwhile, on Saturday , Van de Poppe warned that support will only be available again at $ 18,500. Any return would be unchecked until then.

“Such vertical upswings often don’t last very long. At some point there will be another downturn. Nobody can say when this downturn will come. Bitcoin could climb up to 30,000 US dollars before it goes down again by 30%, ”as the expert summarizes the current situation.

Il decimo anniversario della scomparsa di Bitcoin Creator

10 anni fa oggi, il creatore anonimo di Bitcoin, Satoshi Nakamoto, era attivo per l’ultima volta online. Nessuno sa cosa abbia combinato da allora.

Il 12 dicembre 2010, il creatore anonimo di Bitcoin Up ha pubblicato per l’ultima volta sul forum BitcoinTalk.

Nessuno lo ha più visto o sentito da allora

Ci sono una serie di ragioni per cui il creatore di Bitcoin vorrebbe rimanere anonimo.

10 anni fa oggi, il creatore anonimo di Bitcoin era attivo per l’ultima volta su un forum Bitcoin . Nessuno lo ha più sentito da allora.

Satoshi Nakamoto (che potrebbe essere un uomo, una donna o un gruppo di persone – nessuno lo sa veramente) ha pubblicato il suo ultimo post il 12 dicembre 2010, prima di disconnettersi il giorno successivo per non tornare più nel mondo online.

Pete Rizzo, l’editore del sito web dell’exchange di criptovalute Kraken , ha fatto l’osservazione su Twitter sabato. „10 anni fa, Satoshi ha pubblicato il suo ultimo post sul forum BitcoinTalk“, ha scritto.

L‘ ultimo post di Nakamoto del 12 dicembre riguardava la prevenzione degli attacchi Denial-of-Server (DoS) alla rete Bitcoin

10 anni dopo e il prezzo di Bitcoin ha toccato nuovi massimi, grazie in parte agli investimenti da parte di investitori istituzionali e all’approvazione di società di alto profilo . Ma il ragazzo dietro la tecnologia non si trova da nessuna parte.

Il creatore della criptovaluta più grande del mondo è sempre stato anonimo e, sebbene ci siano state molte teorie nel corso degli anni su chi potesse essere, la sua identità e il luogo in cui si trova sono ancora sconosciuti.

Una cosa è certa, però, ha fatto un ottimo lavoro nel mantenere la sua identità un completo mistero.

L’autoroute de TIXL se prépare à être lancée

Ceux qui suivent le développement de la chaîne des blocs ont sans doute gardé un œil sur le développement d’Ethereum 2.0. En plus d’offrir le jalonnement, le sharding et des vitesses de transaction plus rapides, le débit promet d’être augmenté de manière exponentielle. Mais même si l’ETH nécessaire a été verrouillé pour créer le bloc de genèse ETH2, le projet ne tiendra probablement pas ses promesses avant des années. Dans l’intervalle, plusieurs autres chaînes de blocs offrant des fonctionnalités similaires ont commencé à répondre aux besoins de transactions rapides et peu coûteuses. Le „cheval noir“ de ces projets est TIXL, un projet de chaîne de blocage allemand qui vient de lancer la version 0.1 de son réseau d’autoroutes. La mise en ligne des autoroutes marque des années de développement et un grand pas en avant non seulement pour le développement de contrats intelligents, mais aussi pour DeFi.

Il faut aller vite

TIXL développe différents aspects de l’autoroute depuis plus de deux ans. Au lieu de construire une chaîne de blocs traditionnelle, le projet a commencé par la création d’un graphique acyclique dirigé, ou DAG. Plutôt que de construire des blocs de données qui dépendent de chaque bloc précédent, les DAG fonctionnent davantage comme un réseau de nœuds. Ces nœuds communiquent entre eux en temps réel tout en enregistrant les transactions, avec l’avantage supplémentaire de pouvoir être mis à l’échelle à des vitesses beaucoup plus élevées que les chaînes de blocs normales. L’Autobahn est un exemple de nombreux DAG sur le marché, mais son utilisation est hautement définie et spécialisée. Par exemple, elle est créée pour la vitesse. Alors que d’autres projets se concentrent sur des solutions de couche 2 pour la vitesse, l’autoroute est une solution de couche 1 avec des capacités intégrées qui rendraient jaloux d’autres projets.

Capacités de la chaîne croisée

L’un des fondements du protocole TIXL est sa capacité inhérente à ajouter n’importe quel jeton à sa chaîne de blocs. Cela signifie que la CTB, normalement lente, peut être ajoutée à l’autoroute, où elle peut être traitée presque instantanément. Au lieu d’attendre 10 minutes pour une seule confirmation, la CTB à jeton peut être envoyée n’importe où dans le monde en un instant. En plus d’être extrêmement pratique, cette fonction permet de surpasser les autres projets qui tentent d’atteindre le même objectif. L’intégration de Bitcoin dans l’autoroute est une priorité pour TIXL, et la fonctionnalité est maintenant disponible dans la version 0.1.

Bitcoin intelligent

Mais TIXL ne rend pas seulement Bitcoin plus rapide, mais aussi plus intelligent. En l’état actuel des choses, Bitcoin ne peut pas gérer des contrats intelligents de manière native. Il lui manque les capacités de contrats intelligents d’Ethereum et d’autres projets compatibles avec l’EVM (Ethereum Virtual Machines). TIXL amorce la compatibilité des contrats intelligents avec Bitcoin en créant une passerelle BTC, qui agit comme une rampe d’accès à l’autoroute.

Bitcoin et DeFi

Une fois sur l’autoroute, le bitcoin devient un jeton et peut être déplacé plus rapidement et à moindre coût que sur son support d’origine. Cette idée est similaire à celle du réseau Bitcoin, bien que la foudre n’ait pas encore été totalement adoptée par l’industrie. Une fois racheté, le jeton est reconverti et déplacé vers le réseau BTC. Cette caractéristique pourrait bien être la première fois que la CTB est transférée à un DAG.

Les avantages du transfert de Bitcoin vers le réseau TIXl sont nombreux. Le portage vers un nouveau réseau permet aux transactions de Bitcoin de se produire presque instantanément, de conserver leur valeur et de participer à l’écosystème DeFi. Le protocole Autobahn en particulier est créé pour aider les pièces et les jetons embarqués à entrer dans l’écosystème DeFi.

Une histoire mouvementée

L’inclusion de Bitcoin dans DeFi a été problématique par le passé. En tant que principale „réserve de valeur“ de la chaîne, il y a une demande pour l’utiliser dans les prêts/emprunts/agricultures de rendement, mais les options pour le faire ont été limitées aux sociétés de garde comme Celsius. Avec l’autoroute, TIXL permet aux utilisateurs de Bitcoin de participer activement à l’espace DeFi, une option qui leur a été fermée depuis. De plus, les utilisateurs conservent le contrôle total de leurs clés privées.

L’introduction de Bitcoin dans le DeFi n’est qu’un exemple de ce que l’Autobahn et TIXL prévoient, car l’Autobahn n’est qu’un début. Leur livre blanc est rempli de cas d’utilisation, d’études de cas et de solutions que les amateurs de crypto demandent depuis des années. L’équipe de TIXL a créé un projet innovant aux multiples facettes que nous allons explorer maintenant que le lancement de la version 0.1 est en cours.

SeSocio launches a Mastercard that will allow you to pay with investments

The marketplace SeSocio and Mastercard presented a card that allows you to make purchases and pay directly with investments

The marketplace SeSocio and Mastercard presented a card that allows you to make purchases and pay for them directly with investments. This was reported to Cointelegraph in Spanish, through a press release.

SeSocio explained that, in the first stage, the card can be acquired exclusively and free of charge by means of a subscription. It will have benefits and discounts on the use of applications, games and entertainment, among other items. SeSocio will Bitcoin Up conduct a survey among its community and potential customers to continue adding new benefits according to their tastes and needs.

Tether Gold joins the cryptoactives that SeSocio added to its investment possibilities

„Three years ago we launched SeSocio with the dream of simplifying and enhancing personal finance throughout Latin America. We want to offer more and more alternatives and means of payment so that finances can be handled easily and safely. We are very happy to be able to develop together with our globally recognized partner: Mastercard, our disruptive card. We are part of the transformation of finance and technology is the way to achieve financial inclusion,“ said Guido Quaranta, CEO of SeSocio

Agustin Beccar Varela, Mastercard’s general manager for the Southern Cone, said: „This alliance with SeSocio seeks to be disruptive and to adapt to the needs of consumers by offering them tailor-made benefits“.

Argentina: From SeSocio they say that interest in stablecoins has increased

„We are convinced that this new product will meet the expectations of our consumers by giving them a new way to pay through their investments,“ the executive added.

Tidligere Goldman Sachs Chief og Trump Economic Advisor siger, at Bitcoin mangler integritet

Gary Cohn, en tidligere rådgiver for præsident Donald Trump, som også var COO i Goldman Sachs, har sagt, at Bitcoin mangler integritet.

Gary Cohn, en tidligere økonomisk rådgiver for præsident Donal Trump, som også var tidligere præsident og COO for investeringsbanken Goldman Sachs, sagde, at Crypto Trader kunne mislykkes fordi det havde integritetsfejl.

Cohn staver potentiel undergang for Bitcoin

Ifølge Bloomberg den 1. december sagde Cohn, at Bitcoins „integritetsfejl“ kunne føre til svigt af den største kryptokurrency ved markedsværdi. Den tidligere Goldman Sachs-chef afgav erklæringen under et interview på Bloomberg Television.

På spørgsmålet om hans bullish holdning til bitcoin og andre kryptokurver og effekten af ​​den spirende teknologi på økonomien svarede Cohn med at sige, at han ikke var en bitcoin-fortaler. Den tidligere Trump-økonomiske rådgiver beskrev også BTC som manglende gennemsigtighed og noget af den grundlæggende integritet i et ægte marked.

Cohn understøttede yderligere sit punkt og sagde:

”En del af et systems integritet er at vide, hvem der ejer det, og at vide, hvem der har det, og at vide, hvorfor det overføres. Bitcoin-systemet i dag har ingen gennemsigtighed over for det. Så der er mange mennesker, der spørger, hvorfor skulle du have brug for et system, der ikke har et revisionsspor. ”

I mellemtiden blev Cohns erklæring mødt med overraskelse af medlemmer af kryptosamfundet på Twitter. De fleste kommentatorer sagde, at Cohns bemærkninger viste mangel på forskning og en grundlæggende forståelse af, hvordan Bitcoin fungerede.

Pierre Rochard, bitcoin-maksimalist og medstifter af Satoshi Nakamoto Institute, svarede via Twitter og sagde:

”Jeg udfordrer formelt Gary Cohn til en tv-debat om Bitcoins revision. Bring ham til mig. ”

Desuden kommer Cohns erklæring midt i BTC’s prisrally. Nummer et kryptokurrency satte en ny all-time high (ATH) den 30. november og steg kraftigt over rekorden, der blev sat i december 2017.

Ikke en første gang Bitcoin-modstander

Cohns anti-bitcoin holdning er imidlertid ikke overraskende. I maj 2018 sagde den tidligere Goldman Sachs-præsident, at der kunne være en global kryptokurrency, men det ville ikke være bitcoin. Cohn afslørede også, at han favoriserede blockchain frem for bitcoin.

I mellemtiden skrev en engangs-Goldman Sachs-præsident i en Financial Times-artikel tilbage i april gunstigt om centralbankens digitale valutaer (CBDC’er). Ifølge Cohn ville CBDC’er give enkeltpersoner let adgang til finansielle tjenester.

Bitcoin and Ether on the moon: Is the DeFi season coming to an end?

Bitcoin’s price successfully broke the $12,000 barrier after the announcement that PayPal will venture into digital assets, and the month of October is offering the excitement that September failed to provide. With continued bullish signals for Bitcoin (BTC) from on-chain and market data, experts believe we could be on the verge of a similar bull run in 2017.

The price of Ether (ETH) has also been rising, although confidence in decentralised finance is beginning to waver as growth and hype in the industry slows. DeFi contributed significantly to the popularity of cryptocurrency in 2020, but other digital assets now look set to begin new phases of prosperity and could reach considerable heights by the end of the year.

What will happen to Bitcoin?

According to a recent report by Finder, an online comparison resource involving 30 industry experts, Bitcoin’s price is likely to reach $14,283 by the end of the year. And according to Finder’s crypto industry editor, Andrew Munro, Bitcoin’s reputation as a reliable value reserve is the main reason for the generally bullish outlook. Munro explained to Cointelegraph:

„Many speakers pointed out that BTC is increasingly finding its place in traditional portfolios and is being bought by both institutional and retail investors as a hedge against inflation. Considering the unprecedented quantitative easing measures implemented by central banks around the world, some participants assumed that BTC will become a widely adopted ‚value reserve‘ asset“.

Other experts cited several reasons for a rise in Bitcoin’s price, including an increasingly clear regulatory framework in the digital asset market and the many problems associated with fiat currencies, such as inflation and negative rates.

Although the average report predicted a price of $14,283 for Bitcoin by the end of the year, other forecasts point to much higher targets, especially considering the famous stock-to-flow model created by the anonymous analyst PlanB.

Will Ethereum be able to keep up?

While Bitcoin is starting to show signs of strength on the rest of the cryptocurrencies, with increasing trading and market cap dominance, industry players are also showing a positive outlook on Ether, with an average of $513 among speakers, a 40% growth by the end of the year. However, in the long term, experts express doubts about the sustainability of Ether. Munro commented:

„The most commonly cited factor for the bullish short-term forecast on Ethereum was the long-awaited launch of Ethereum 2.0 before the end of the year, and the impact of the staking on the supply side“.

During 2020, Ethereum saw its popularity increase thanks to the explosion of DeFi, but some people are sceptical about the sustainability and long-term perspective of decentralised finance. Although many are hoping for the launch of Ethereum 2.0, it could still take years to complete the process. Jonathan Hobbs, author of The Crypto Portfolio and former fund manager of digital assets, explained to Cointelegraph that it is one of the reasons for the positive returns at Bitcoin:

„A few months ago, DeFi strategies became too speculative, as is often the case in this industry. We can see how some of these flows are now returning to Bitcoin, with BTC’s dominance headed upwards as a result of DeFi’s sell-off“.

DeFi loses momentum

As the gains of the alt-season in DeFi pour back into Bitcoin Era, the long-term sustainability of decentralised finance may be called into question. In fact, a survey conducted by CryptoCompare surveyed 26 leading exchange operators on the future of decentralised exchanges, and only 7.7% believe that DEX is likely to outperform centralised exchanges within two years.

It is clear that activity in DEX is slowing down, but some believe this is actually positive in the long term. Lanre Jonathan Ige, researcher at Amun AG (an exchange-traded product issuer on cryptocurrency in Europe), told Cointelegraph:

„The reduction in immediate hype for DeFi will be disappointing for the trader in the short term, but is probably positive overall for the industry. The bubble we observed this summer was not sustainable, but it has shown how various aspects of DeFi (lending, trading, DAO) are actually useful for particular use cases“.

Although sustainability seems to be the main obstacle to the long-term success of decentralised finance, both in terms of returns in DeFi and the technical aspects of Ethereum, others cited a shady crypto sector, complicated interfaces and a general lack of popularity as deterrents for the continued growth of DeFi. Munro said:

„73 per cent of participants said that ’scams, exaggerated hype and market manipulation‘ were a key obstacle to DeFi’s growth, and some compared DeFi to the ICO boom in 2017“.

However, many remain confident about DeFi. In fact, most experts in Finder’s crypto report said that DeFi applications are likely to continue to grow steadily over the next 12 months in terms of blocked value and number of users. Ilya Abugov, lead analyst at DappRadar, also believes this is true, explaining to Cointelegraph:

„At the moment we see less hype than the media in DeFi. During the summer there has been a great accumulation, so now we need a return to reality“.

Institutional interest continues to grow

DeFi may have been the catalyst for this summer’s crypto activity, but in the future institutional interest could become the driving force for Bitcoin, according to Lanre, especially as big companies like MicroStrategy, Stone Ridge and Square are getting involved.

The exchange operators interviewed in the CryptoCompare survey also believe that this will be the case. 92.3% of respondents said there will be an increase in institutional investment in digital assets over the next two years. According to Hobbs, the scarcity and deflationary nature of Bitcoin are some of the factors that explain why institutions are taking an interest in investing in digital assets:

„Ninety per cent of all Bitcoins have already been undermined. Ninety per cent of all dollars have not yet been printed. I think this fiction is starting to catch on among institutional players.“

Meanwhile, some institutions are still betting on the DeFi sector. During a recent webinar, Pantera Capital revealed that DeFi will be at the centre of the upcoming bull run. However, although many still believe in DeFi, the majority seems convinced that the hype cycle is over and that the sector is set to grow more slowly, driven mainly by Ethereum’s scalability capabilities.

Despite the generally positive outlook, many are still concerned about recent regulatory news, such as the US legal action against BitMEX and the UK Financial Conduct Authority’s ban on crypto currency derivatives for retail investors. Will other regulatory restrictions follow? Or will everything go smoothly for Bitcoin and crypto from now on?

OKEx founder in custody, payouts remain switched off

The founder of the OKEx crypto exchange is being questioned by the Chinese police.

According to media reports, the founder of the large crypto exchange OKEx is being interrogated by law enforcement agencies, which is why the trading platform has decided to temporarily stop its Crypto Cash scam.

OKEx founder Mingxing Xu, also known as Star Xu was taken accordingly by the police in custody, as the Chinese news agency Caixin reported

The investigations against the top manager of the crypto exchange are said to have been going on for „at least a week“, and Xu had already been partially absent from work during this time.

When asked by Cointelegraph regarding a possible pre-trial detention of Xu, OKEx replied that the trading platform no longer belongs to the OK Group, where Xu is officially in a leading position. Accordingly, one would not be able to comment.

The new message comes just a little later after it was announced that OKEx is temporarily suspending all crypto withdrawals. In this context, the crypto exchange announced that one of the platform’s key holders is cooperating with the security authorities and that the processing of the payouts must therefore be suspended. To this end, she wrote to Cointelegraph:

„We are not allowed to disclose any details about the ongoing investigation, but assure all OKEx users that their funds are safe and all other functions remain untouched.“

OKEx CEO Jay Hao emphasizes that the temporary stop of the payouts was made „with a view to the safety of the users“:

“As one of the leading crypto exchanges, the security of our users is something we at OKEx do not compromise on. We will do everything to switch the function back on as soon as possible and provide an update on the situation as soon as possible. „