Crypto-beïnvloeder Pierre Rochard zegt dat de voorspellingen dat Bitcoin in de volgende cyclus een top van ongeveer $100.000 zal bereiken, veel te laag zijn en ver van de basis af liggen.

Een Bitcoin-strateeg is voor de cryptobeurs Kraken

Rochard, die nu een Bitcoin-strateeg is voor de cryptobeurs Kraken, legt aan Altcoin Daily uit waarom hij gelooft dat lage zes-cijferige voorspellingen voor BTC het potentieel ervan aanzienlijk onderschatten.

„Ik denk dat dat onrealistisch is. Ik denk dat dat veel te laag is. 100.000 dollar, ik bedoel dat is een 5x van waar we nu in principe op zitten en ik denk dat dat niet eens echt een parabolische top is als je naar de grafiek kijkt… Een van mijn theorieën is dat deze cyclus langer gaat duren dan alle voorgaande cycli. En dus zal het langer duren om de top te bereiken.

Misschien hebben we een correctie op 100.000 dollar en dan zal het ’neerstorten‘ naar 80.000 dollar. Maar dan denk ik dat het nog een run gaat maken. Ik denk dat de ultieme top voor deze cyclus, het is onmogelijk om het van tevoren te weten, en dit is wat me zorgen maakt over mensen die handelen. De top zou $200.000 kunnen zijn. Het kan 400.000 dollar zijn of het kan 600.000 dollar zijn, en elk daarvan is een veelvoud van de andere.“

Met institutionele investeerders die steeds meer de markt betreden en legendarische investeerders zoals Paul Tudor Jones, en Stanley Druckenmiller die BTC koopt, zegt Rochard dat hij verwacht dat er een geldverslaving komt in een stierencyclus die wel drie jaar kan duren.

„Proberen te timen [de markt] is voor mij nogal zinloos omdat we het hebben over letterlijk miljarden, tientallen miljarden, honderden miljarden dollars die in Bitcoin stromen in de komende 18 maanden of 36 maanden als we een zeer lange cyclus hebben. Dus waar dat de prijs beweegt, zal veel afhangen van hoeveel munten er eigenlijk verloren gaan versus munten die wachten op een zeer grote prijs die op de markt komt versus munten die helemaal niet op de markt komen omdat de eigenaren een langetermijnvisie hebben“.

Rochard vraagt zich ook af op welk punt Bitcoin

Rochard vraagt zich ook af op welk punt Bitcoin-beleggers zullen beginnen met de verkoop. Hij gelooft dat rijke beleggers die de ruimte betreden minder geneigd zullen zijn om te verkopen omdat BTC stijgt omdat ze hun fortuin al hebben verdiend.

„Veel van de kopers in deze cyclus, ze gaan nooit verkopen. Dus dat is het andere deel, is dat als je een miljardair bent en je koopt Bitcoin en het gaat 100x omhoog, dat is nog steeds geen levensveranderend bedrag. Je hebt je levensveranderende bedrag al gehad, toch? Je bent al een miljardair.

Dus deze mensen verkopen niet. Ze zouden het evenwicht kunnen herstellen, maar zelfs dan, als ze het waardevoorstel van Bitcoin begrijpen, begrijpen ze dat het niet nodig is om het evenwicht te herstellen totdat we veel verder in de toekomst zijn, omdat alle andere markten dramatisch overgewaardeerd zijn. Aandelen en obligaties zijn enorm overgewaardeerd als je kijkt naar de inkomsten of als je kijkt naar de rendementen“.

While Bitcoin’s bullish players are trying to turn the $18,000 into support, DeFi investors are pocketing large triple-digit sums.

Since hitting USD 18,476 on November 17, the price of Bitcoin has been flirting with the USD 18,000 level as bullishers struggle to turn the level into support and chase the all-time high of USD 19,789.

Large buying walls above $17,200 indicate that the Bitcoin rally is ready to continue

While this battle is going on and most crypto-currencies and conventional financial means have their eye on the price of Bitcoin, a number of not-so-loved cryptoactives are producing great returns for investors.
DeFi Asset Index.

As shown in Messari’s DeFi asset index, many of the major tokens are registering significant double-digit gains.

In the last 7 days, AAVE bounced off its double bottom to rise 214% and is currently trading slightly above USD 80.

Here’s how DeFi could improve the e-commerce sector

It is likely that day traders (buying and selling on the same day) are playing at controlling support/resistance within the upstream channel pattern. At the time of writing, AAVE trading volume, convergence/divergence moving average, and relative strength index still reflect a healthy amount of bullish interest.
AAVE/USDT.

Even Curve Finance’s CRV governance token, one that many crypt-currency investors have described as lagging completely, achieved a clean double bottom investment and recovered 176% to USD 0.84.
CRV/USDT.

After being short traded almost to death by the likes of Sam Bankman-Fried and other professional traders, the Yearn Finance (YFI) token is also causing a stir with an 83.5% gain in the last week.

Finance Redefined: You get hacked, they get hacked, everybody gets hacked, November 11-18

YFI/USDT.

On November 18th, the price of YFI was at the 50% retracement Fibonacci level (USD 25,500) and the bulls were trying to turn the level into support. In the last hours, they succeeded in doing so and the price broke through a gap in the visible range of the volume profile (VPVR) to reach a new daily high of USD 29,850.

Crypto-payments are established for the conventional world through legal compliance

Not surprisingly, YFI clones like DFI. Money (YFII) and YF Link (YFL) also followed the same path and each went up 58% and 49% respectively.
SushiSwap changed places with Uniswap

The SushiSwap governance token (SUSHI) also captured the attention of investors after losing more than 95% of its value in September, when Chef Nomi, the development leader, dumped approximately $13 million in SUSHI on the open market.
SUSHI/USDT.

As reported by Cointelegraph, this week marked the end of Uniswap’s liquidity pool rewards and rival exchanges such as SushiSwap, 1inch and Bancor have increased the percentage annual return of rewards offered on their assets to attract former Uniswap liquidity providers.
Total blocked value (in USD) at SushiSwap.

In fact, this week, Uniswap experienced a $1.3 billion (57.5%) drop in its total blocked value as users looked for greener pastures on other DeFi platforms. When this happened, SushiSwap saw a rise of over 300% and in the last week the token has rebounded 127% to trade at USD 1.63.

DEX Growth: Powered by DeFi and Ready to Break the Status Quo

In general, most DeFi tokens are currently in black numbers and Digital Assets Data and DeFi Pulse data show an increase in daily active users, total blocked value (TVL) on all platforms and daily transaction volumes.
Total blocked value on DeFi platforms. Source: Digital Assets Data

Why all the fuss about Yearn Finance (YFI)?

A similar price action can also be seen on many altcoins, suggesting that while Bitcoin is consolidating and trying to convert the $18,000 into support, traders have once again opted for DeFi tokens and altcoins.

The near future benchmark cryptocurrency trends will largely depend on whether or not the bulls can turn the resistance at $ 16,500 into support.

A break above that level would open the gates for a move into the $ 17,000 region

The days and weeks ahead should provide some serious insight into where the markets are headed in the days and weeks ahead.

A trader now sees that the cryptocurrency is approaching a high time frame resistance level.
He believes that all market developments in the near future will largely depend on Bitcoin’s response to this level.

Bitcoin has shown signs of strength over the past day, with yesterday’s slight downtrend leading to a sustained sideways trend.

In the medium term, the aggregated market trends are likely to largely depend on whether or not Bitcoin Future review can stay above the lower $ 16,000 region for an extended period of time.

One trader comments that while BTC is trading around a high level of resistance in the timeframe, he believes that the coin is showing signs of strength in the lower timeframes.

It remains to be seen whether or not this can push BTC above $ 16,500 permanently.

Bitcoin is struggling to build up decisive momentum while the upward trend continues
At the time of writing, Bitcoin is trading at $ 16,700. This is well above the price it has been trading at for the past few days.

BTC posted over $ 16,000 on its weekly candle close, a positive trend for bulls. This was the third highest weekly candle close the cryptocurrency has ever seen – just a few dollars off its second highest closing price.

Bitcoin’s current strength could be a result of this development

The cops are roaring – Bitcoin is nearing key resistance

One trader believes that although signs of poor timeframe strength are flashing, Bitcoin is approaching high timeframe resistance levels that could slow its rise.

“BTC: HTF directly at the resistor. Retested previous week high and flipped. LTF looks pretty bullish. Keep the 16000s (16150-16060) low and I think we’ll see new highs this week. „

Uniswap-volumer støter til 2 milliarder dollar etter angrep på DeFi-prosjektet Harvest

Harvest Finance, et desentralisert finansprosjekt (DeFi) ledet av et anonymt team, ble angrepet ved hjelp av et flash-lån som ble utnyttet tidligere i dag, og førte til millioner av dollar verdt av FARM-tokens stjålet av hackere, og prisene falt over 60% ved pressetiden.

„Det økonomiske angrepet ble utført gjennom kurve y-bassenget, og strakte prisen på stallmynter i Curve ut av proporsjoner og deponerte og trakk et stort antall eiendeler gjennom høsting,“ forklarte Harvest Finance-teamet i en tweet.

Det økonomiske angrepet ble utført gjennom kurven y pool, strekker prisen på stallmynter i Curve ut av proporsjoner og deponerer og trekker ut en stor mengde eiendeler gjennom høsting.

For å beskytte brukerne, har vi trukket y pool- og btc-kurvestrategifondene til hvelvet

– Harvest Finance (@harvest_finance) 26. oktober 2020

Angripere utnyttet tilsynelatende nettverket ved hjelp av en „flash-lån“ -funksjon – et verktøy som brukes til å låne ut eiendeler til kryptohandlere Bitcoin Bank for null sikkerhet så lenge hele transaksjonen er inkludert i en enkelt blokk.

Enkelt sagt, ved å ta opp et enormt lån oppblåste angripere prisen på noen tokens på Curve Finance (et annet stabilt DeFi-prosjekt) og brukte den til å feire ut tokens fra Harvest.

Block Explorer-data viste at angriperne klarte å samle over $ 24 millioner for deres innsats

24m i fortjeneste. https://t.co/2d05Lfhx8Q pic.twitter.com/N5BkJ8A7hg

– jiecut (@ jiecut42) 26. oktober 2020

Harvest Finance bemerket at utnyttelsen var lik andre arbitrageøkonomiske angrep, den fra i morges stammer fra et stort flash-lån, og “manipulerte priser på en pengelego (kurve Y-pool) for å tømme en annen pengelego (fUSDT, fUSDC), mange ganger.“

„Angriperen konverterte deretter midlene til renBTC og gikk ut til BTC,“ sa teamet i en tweet.

Som andre flashloan-angrep, ga ikke angriperen tid til å svare, og utførte angrepet på 7 minutter fra slutt til slutt.

Lommeboken til angriperen som går ut gjennom renBTChttps: //t.co/O6hqnmtXXC

Kilde: @ devops199fan

– Harvest Finance (@harvest_finance) 26. oktober 2020

Senere, i et Eminence-aktig trekk, sendte angriperne tilbake $ 2,4 millioner til distribusjonen i form av USDT og USDC. Dette beløpet vil bli distribuert til de berørte innskyterne pro-rata ved hjelp av et øyeblikksbilde, sa Harvest-teamet i en tweet. Imidlertid vakte tiltanken mistanke fra noen hold, for eksempel den tidligere Monero-lederen Riccardo Spagni:

„Angriperen“ sendte tilbake penger fordi de er så hyggelige mennesker. Hvis dette ikke er sterke bevis for at „angriperen“ og „devs“ er de samme, vet jeg ikke hva som er. https://t.co/lNcE2DkcA6

– Riccardo Spagni (@fluffypony) 26. oktober 2020

Noen som Ex-Messari-produktleder Qiao Wang uttalte at trekket var et tilbakeslag for det anonyme DeFi-rommet:

„Ville virkelig se anon / pseudon-lag lykkes med krypto, men så langt har vi fortsatt bare BTC og uten tvil XMR tror jeg. Harvest er et stort tilbakeslag for anon DeFi. ”

I mellomtiden bemerket The Block-forskningsdirektør Larry Cermak på Twitter at utnyttelsene førte til en midlertidig gjenoppblomstring av handelsvolumet på desentralisert utvekslingsprotokoll Uniswap. DEX har lidd de siste ukene og fikk volumet til å falle til under 150 millioner dollar om dagen – til i morges.

92% av dette volumet kom fra USDT / ETH og USDC / ETH par. Og de genererte 5,76 millioner dollar for LP-er i avgifter. pic.twitter.com/1566htLwfG

– Larry Cermak (@lawmaster) 26. oktober 2020

Utnyttelsen er den siste i en serie DeFi-prosjekter som har blitt angrepet eller manipulert i år, for eksempel bZx Protocol, Sushiswap og andre

At the end of the week, we take stock of what has been written about these seven days and collect everything that is relevant for fans of cryptographic and decentralised technology. This week, PayPal announced the launch of a cryptographic service; Russian Prime Minister Mikhail Mishustin said that digital currencies threaten the financial stability of the country, while Bitcoin and other cryptographic currencies have become more popular among Russian investors than gold.

Billionaire and hedge fund manager Paul Tudor Jones was optimistic about the prospect of bitcoin and named it the best inflation protection in an interview for CNBC.

According to Riccardo Spagna, former lead developer of Monero (XMR), the regulators‘ efforts to track this anonymous cryptographic currency will be in vain. „The U.S. Revenue Service wants to understand Monero at the same level as digital dollars in bank accounts; however, cryptographers and researchers will always be one step ahead of privacy issues,“ said Spagnio.

Brian Brooks, who now serves as Head of the Office of the US Treasury Controller (OCC), said at the DC FinTech Week virtual conference that in the future, banks „will become nodes in the blocks that act as payment networks.

Changpeng Zhao, General Manager of Binance Crypto Exchange, in an interview for Fortune discussed the crypto industry’s response to the indictment of the owners of BitMEX Crypto Derivatives Exchange.

Exchanges
Trading volumes on the Binance Crypt Currency Exchange increased significantly in the third quarter of this year. Trading on the platform increased by 110% to $306.6 billion, with spot transactions totalling $146.3 billion in the second quarter.

The administration of the BitMEX crypt exchange added futures on Binance Coin, Polkadot, yearn.finance and decided to significantly reduce the time of user verification.

Deribit, the largest exchange for crypt currency options by trading volume, will also require verification by the end of 2020.

The American Kraken Crypto Exchange will again allow residents of Japan to fund their accounts and trade in cryptov currencies on their platform.

Julian Sawyer, former top manager of Gemini, the American Cryptographic Exchange, will be the new head of Bitstamp.

The first regulated crypt exchange will be launched in Kazakhstan in January 2021.

Regulation .
According to Anatoly Aksakov, who heads the State Duma Finance Committee, testing of the digital version of the Russian rouble will begin in 2021. Aksakov also stated that Bitcoin and other cryptov currencies have no future.

According to Dmitry Peskov, special representative of the Russian President for digital and technological development, the introduction of cryptoruble may begin in 3-7 years.

The Russian Ministry of Finance believes that the emergence of a digital rouble will solve many economic problems. In the opinion of Alexander Brazhnikov, Executive Director of the Russian Association of Cryptographic Industry and Block-Check (RACIB), the development of a digital rouble will require a qualitative upgrade of the financial system infrastructure.

As of 2021, every Russian official who owns the cryptovoltaic currency will be obliged to specify it in his or her declaration. This was told by Igor Krasnov, who holds the post of Prosecutor General of the Russian Federation.

At the virtual conference of the International Monetary Fund, Jerome Powell, Chairman of the U.S. Federal Reserve System, spoke about cross-border payments and digital currencies.

The Central Bank of China may issue its digital currency (CBDC) earlier than it was originally conceived. The head of the People’s Bank Yi Gang called for a shorter token development and implementation period. The CBDC also wants to adopt amendments to the current law on the central bank to legalise the digital yuan, but bans the circulation of token linked to the national currency.

If necessary, the CBDC is also ready to issue the Bank of New Zealand. This was told to journalists by CBDC Deputy Head Christian Hoxby at a conference of the Royal Numismatic Society. The official stressed that the Bank of New Zealand recognizes the great potential of the CBDC, but now there is no need for such an instrument.

The U.S. Financial Crime Network (FinCEN) has fined $60 million to Larry Dean Harmon, head of Coin Ninja and operator of bitcoin mixer Helix.

Kik, the developer of the messenger of the same name, has agreed to pay a $5 million fine to the US Securities and Exchange Commission (SEC) as part of the settlement of a dispute over the sale of Kin tokens in 2017.

Ripple may move its headquarters to Japan or Singapore if it decides to leave the US due to regulatory uncertainty.

Translated with www.DeepL.com/Translator (free version)

Le bureau du procureur espagnol a déclaré qu’il enquêtait sur Arbistar pour avoir prétendument dirigé une escroquerie de trading de bitcoins avec des conclusions préliminaires suggérant qu’un milliard de dollars de fonds d’investisseurs ne peut être pris en compte.

La disparition des fonds des investisseurs a affecté 32000 familles qui ne parviennent pas à accéder à leurs économies investies avec Arbistar, une plateforme de trading Bitcoin

Les problèmes pour les investisseurs d’Arbistar ont commencé après que la plate-forme de trading Bitcoin a brusquement gelé les comptes des investisseurs avant de cesser ses activités en septembre. À l’époque, les dirigeants d’Arbistar ont affirmé qu’une erreur sur l’un de ses robots de trading crypto avait amené la plate-forme de trading Bitcoin à payer plus de bénéfices que ce qui était réellement dû. Dans un communiqué peu de temps après le gel des comptes des investisseurs, Arbistar a déclaré que l’erreur, qui n’a pas été détectée pendant près d’un an, a laissé la plate-forme de négociation dans un trou financier.

Maintenant , selon les médias espagnols rapports , la police à Tenerife, où Aribistar a son siège fiscal, a « déjà ouvert des enquêtes sur l’entreprise. » La police veut également «connaître la destination des fonds (manquants)».

Pendant ce temps, certains des investisseurs touchés par le gel des comptes d’Arbistar insistent sur le fait que la plate-forme de trading Bitcoin est une arnaque pyramidale. Néanmoins, le directeur et propriétaire d’Arbistar, Santiago Fuentes conteste cette qualification en défendant le blocus sur les comptes des investisseurs:

Ce n’est qu’une erreur informatique que nous devons régler, liquider et poursuivre nos activités

Fuentes, qui a gagné le surnom de «Madoff espagnol» après sa poursuite et son acquittement dans une autre affaire d’escroquerie, reconnaît qu’environ 32 000 familles sont touchées. Fait intéressant, Fuentes confirme qu’il se cache dans un lieu non divulgué à Tenerife pour des «raisons de sécurité». Cependant, il nie les accusations selon lesquelles il a disparu.

D’un autre côté, interrogé sur le chiffre réel des bitcoins qui ne peuvent pas être comptabilisés, le directeur d’Arbistar nie à nouveau qu’il manque près d’un milliard de dollars de pièces. Au lieu de cela, il affirme que la valeur réelle «n’atteint même pas un dixième de ce qui est supposé par certaines des personnes concernées». Selon Fuentes, le chiffre réel de bitcoins qui ne peut être comptabilisé «pourrait être d’environ 10 000 bitcoins», ce qui, selon lui, se traduit par près de 103 millions de dollars.