Nigerias finansdepartement for å samarbeide med SEC om Crypto Framework

Nigerias føderale finansdepartement vil samarbeide med landets Securities and Exchange Commission (SEC) for å utvikle et omfattende reguleringsdokument som fører tilsyn med handel og bruk av kryptovaluta i Afrikas største økonomi.

Dette ble avslørt i Lagos 24. november på konferansen ‘Fintech In Nigeria: State Of Play’ organisert av The Economist Intelligence Unit og Mastercard.

I en tale på arrangementet uttalte spesialrådgiver om IKT til statsråden, Armstrong Takang at den nigerianske regjeringen „ser en mulighet“ i krypto- og blockchain-adopsjon, og vil dermed skape regulering som kommer alle interessenter til gode.

Nigerias kryptoskeptiske regjering kommer endelig sammen

14. september rapporterte BeInCrypto at den nigerianske SEC offisielt klassifiserte kryptoaktiver som verdipapirer, og oppførte kryptohandel som en regulert aktivitet under SEC-reglene.

Mens kunngjøringen markerte første gang en nigeriansk finansregulator hadde inntatt en bestemt posisjon om kryptovaluta, representerte den ikke full regulering av plassen i fravær av noe ord fra Central Bank of Nigeria (CBN).

Den nye kunngjøringen er den etterlengtede offisielle bekreftelsen på at den nigerianske regjeringen på et tidspunkt fullt ut vil anerkjenne og legalisere bruken av kryptoaktiva.

Når han snakket om det planlagte samarbeidet mellom finansdepartementet og SEC, nevnte Takang også at på grunn av de grenseoverskridende implikasjonene av kryptobruk, jobber også finansdepartementet med departementet for industri og handel og nigerianske tollvesen.

Crypto går mainstream i nødøkonomi

Drevet av tøffe økonomiske realiteter i en økonomi som er preget av streng kapitalstyring, valutamangel og en svart kurs på 33%, vender nigerianere rekordmessig til bitcoin som en løsning.

Til tross for CBNs manglende regulatoriske klarhet, har børser som Binance og Buycoins Africa vært i stand til å etablere bankforhold med CBN-regulerte finansinstitusjoner, noe som eliminerer behovet for nigerianske brukere å kjøpe krypto med knappe amerikanske dollar.

Som vist nedenfor har dette bidratt til å gjøre bitcoin til et de facto valutainstrument for hverdagens nigerianere som ønsker å drive internasjonal handel eller ta rikdommen ut av den lokale nairaen (NGN).

Som svar på Takangs åpenbaring under arrangementet, sa interessenter i Blockchain Association of Nigeria President, Paul Ezeafulukwe:

“Med CBN som en av de viktigste interessentene i den foreslåtte strategien for adopsjon av blockchain, tror jeg ikke at CBN til slutt vil innføre en policy eller forskrift som ikke er i tråd med prinsippene og strategiene i det foreslåtte dokumentet. Dessuten indikerte CBN gjennom sin representant ved interessentengasjementet at de i utgangspunktet var villige til å gi reguleringsstøtte. ”

Blutsauger

Blood Suckers, eine weitere großartige Produktion von Net Entertainment, bietet Spielern die Möglichkeit, den Vampir-Mythos aus einer Reihe vertrauter Perspektiven zusammen mit exquisiten Grafiken und Sounds zu erleben.

Das Spiel deutet auf Nosferatu, Interview mit einem Vampir, Königin der Verdammten und andere epische Vampirgeschichten hin – ein wahres Fest für Fans des Genres

Blood Suckers ist ein Slot mit 5 Walzen und 25 Gewinnlinien, der bis zu 4 Münzen pro Linie und Gesamteinsätze von 0,01 bis 50 € ermöglicht. Net Entertainment enthält Wild-, Scatter- und Bonussysteme, die für ein mäßig reichhaltiges Gameplay sorgen.

Das Wild-Symbol, das von einem Vampir dargestellt wird, der sein Opfer beißt, ersetzt jedes andere Symbol außer Scatter und Bonus, wenn Gewinnlinien abgeschlossen werden.

Es vergibt auch kräftige Münzen für seine eigenen Kombinationen, die bis zu 7 500 Münzen für 2+ Wilds auf einer Gewinnlinie reiben

The Scatter, eine blutige Vampirbraut, gewährt bis zu 100 x den Gesamteinsatz für 2+ des auf den Walzen verteilten Symbols. Außerdem werden 10 Freispiele für 3+ Scatter vergeben, während bei Freispielen alle Gewinne verdreifacht werden! Das Bonussymbol, der blutige Hammer und der Einsatz aktivieren das einfache Click-to-Uncover-Bonusspiel jedes Mal, wenn 3+ des Symbols auf einer Gewinnlinie landen.

Ethereum at its highest price in 30 months – analysts expect further gains

The Ethereum price is approaching $ 500.

In preparation for version 2.0, more than 100k ETH are currently being staked.

Analysts have high hopes for Ethereum prices in the coming months

Bitcoin Millionaire is of course in the limelight with its relentless rally nearing its all-time high – Ethereum, on the other hand, is still a long way from its personal milestone.

As BTC climbed to its highest price since January 2018, Ethereum hit a new 30-month high of below $ 490. This step came early Wednesday morning and built on the dynamics of recent weeks.

This marks the highest price that Ethereum has seen since June 2018 – in the period after the crypto market bubble burst. This time around, things are moving in a more positive direction, and many industry watchers expect even bigger gains for ETH:

$ 800 is not an unrealistic target for ETH, it would currently still be 42% below its all-time high, while Bitcoin is currently only 12% below its own ATH.

Ethereum validator Tyler Smith has targeted a four-digit price for ETH for the first quarter of 2021 – provided the beacon chain is started and Bitcoin does not enter a major correction phase .

ETH 2.0 staking is progressing slowly

The momentum is likely to increase further if phase 0 of ETH 2.0 can actually reach its genesis this year. At the moment this seems unlikely as the first staking is only slowly gaining traction.

According to the last update of the ETH 2.0 staking progress bot, over 100k ETH have now been staked. This corresponds to just under 20% of the total amount that is required by November 24th to enable the genesis of the Beacon Chain on the predicted date on December 1st.

Little incentive to stake

Of the around 1.8 million ETH transfers out of Uniswap in the last week, only very few were included in the staking contract. 23.5% of that amount would be enough to achieve the goal – but the DeFi farmers have other ideas, and most of that has been shifted to alternative protocols like SushiSwap.

There is little incentive to stake ETH at the moment as there are no rewards until the main network launches. Given the one-year lock-up period, trading or farming seems to be the better choice right now for the majority of Ethereum holders.

Lightning Network, Bitcoin’s second layer, is similar in some ways to fiat currency retail payment systems.

This is the conclusion reached in a long article by Galoy that compares some payment systems such as Visa to LN.

According to this analysis the many payment networks in US dollars, such as credit cards and ATMs, are considered as level 2 solutions based on Fedwire, the basic dollar exchange layer.

Lightning Network instead is the level 2 solution based on Bitcoin blockchain.

However, while payment networks in USD are closed and permissioned systems, LN is open and permissionless, with a pace of innovation and adoption that could prove much faster.

Among other things, a graph reveals how, for example, during 2019 the total volume of transactions made on Bitcoin Machine level has already come very close to that on the dollar level 1 (Fedwire).

In other words, the two-level Bitcoin system seems in some ways very similar to the one used for the US dollar.

Lightning Network for retail payments

From this point of view, as well as payment systems in dollars based on second layer, LN could also be used for retail payments, also because for this purpose is much better than traditional onchain transactions.

But the most interesting point is the comparison between the characteristics of the second layer in USD and the one in BTC, or Lightning Network, because the latter is open and not closed, and this could make it better than the previous ones.

It would therefore be a better system precisely because of the absence of the need to rely on a trusted counterpart, although the same analysis then points out that this element could be really appreciated by only a few people.

In fact, it is argued that wallet custodians, who require their funds to be entrusted to a trusted third party, although in theory they may not be necessary, may in fact be inevitable for most retail users.

So, while the trustless nature of LN would make it a better system than traditional ones, most users could instead continue to entrust the custody of their BTCs to a third party.

However, the analysis suggests that it could take years, if not decades, before the unique features of LN clearly emerge on the retail market, a market populated by a huge number of ordinary citizens who are not really able to fully understand its technical functioning.

In fact, so far it does not really seem that its use has taken off, indeed its diffusion seems to be struggling to grow. But it could also be just a matter of time.

 

Bitcoin price falls to below USD 13,300 after daily high

Shortly before $14,000, the BTC/USD pair fell and is currently holding at just under $13,200.

Bitcoin (BTC) fell to below $13,300 on 28 October, after testing its resistance since 2019 and breaking away from there.

Development crypto currency market on Coin360

Data from Cointelegraph Markets, Coin360 and TradingView show increasing volatility on Wednesday after the BTC/USD pair reached $13,850.

When it failed to reach $14,000 it became uncertain. As a result, the pair slumped to below $13,300.

In a subsequent recovery, $13,400 became a key point. There were repeated increases and decreases.

On Wednesday, an unusually large transaction took place on the Coinbase exchange, which was based on an unknown wallet. It is expected to result in a sale worth 1,072 BTC (14.6 million US dollars). Previously, there were several large transactions of the same amount and larger transactions that were tracked by the Whale Alert monitoring service.

Cointelegraph reported that there was a $1 billion transaction on Tuesday that could be attributed to Coinbase.

However, analysts make a clear distinction between short-term price movements and their longer-term effects. Some believe Bitcoin has already proven its maturity as an asset and further growth in the coming months is virtually guaranteed.

As Cointelegraph explained, Raoul Pal, CEO of Real Vision, said publicly that Bitcoin will rise to its all-time high of $20,000 within three months.

Cointelegraph Markets analyst Michaël van de Poppe, on the other hand, stressed the importance of breaking $14,000 and making this level a support. The level around 13,000 US dollars, on the other hand, should now act as an important support zone.

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

Harvest Finance DeFi-teamet indrømmer, at de lavede en ingeniørfejl

Tidligt i går blev DeFi-industrien rystet af nyhederne om en hacker, der formåede at udnytte Harvest Finance-protokollen ved hjælp af flash-lån.

Ifølge den post-mortem af hændelsen fra teamet på Harvest Finance, angriberen udnyttede protokollen hjælp arbitrage og forgængelig tab af USDC og USDT inde i Y Pool og Curve.fi at udføre hack.

Udnyttelsen af ​​Harvest Finance tog kun syv minutter med hackeren, der gik væk med $ 24 millioner. Udnyttelsen forårsagede et samlet tab på 33,8 millioner dollars for Harvest Finance som forklaret nedenfor.

Aktiekursen for USDC-hvælvet faldt fra 0,980007 til 0,834953, og aktiekursen for USDT-hvælvet faldt fra 0,978874 til 0,844812, hvilket resulterede i et fald på henholdsvis 13,8% 13,7%.

Den tabte værdi er omkring $ 33,8 millioner, hvilket svarede til ca. 3,2% af den samlede værdi, der var låst i protokollen på tidspunktet før angrebet.

Harvest Finance Team indrømmer, at de lavede en ingeniørfejl

Mindre end 24 timer efter angrebet har holdet hos Harvest Finance indrømmet, at de lavede en teknisk fejl, da de designede protokollen. Desuden formulerer de en plan for at afhjælpe problemet for alle berørte brugere af Harvest Finance. Holdet har også anmodet angriberen om at returnere pengene, så brugerne kan få kompensation.

Angriberen har bevist deres pointe. Hvis de kan returnere pengene til brugerne, ville det blive værdsat af samfundet. Det er fokus at returnere midlerne til de berørte brugere.

Vi lavede en teknisk fejltagelse , vi ejer det. Tusinder af mennesker fungerer som sikkerhedsskader, så vi anmoder ydmygt angriberen om at returnere midler til deployeren, hvor den distribueres tilbage til brugerne i sin helhed.

$ 100.000 dusør med angriber efterlader et spor af brødkrummer

Harvest Finance Team hævder også at have væsentlig information om hackeren og tilbyder en $ 100.000 bounty på enhver person eller et team, der vil hjælpe med at returnere pengene. Hvis returneringen foretages inden for 36 timer, øges beløbet til $ 400k.

Med hensyn til angriberens identitet har holdet hos Harvest Finance forklaret, at han / hun foretog flere transaktioner til kendte indskudsadresser, der tilhører Binance . De har også advaret om populære børser som Binance, Coinbase, Huobi, OKEx , Kraken og Bitfinex for at sortliste adskillige Bitcoin-adresser, der blev brugt til at hæve midler ved hjælp af renBTC.

DeFi stadig ikke risikofri

Harvest Finance-hacket kommer i kølvandet på flere tæppetræk og hacks i DeFi-branchen i de sidste par måneder. Dette betyder, at der vil være flere forekomster i fremtiden, og DeFi-investorer rådes til at foretage yderligere forskning såvel som at gøre en vane med at investere i DeFi-protokoller, der er korrekt revideret.

Predicción de precios de Bitcoin: BTC/USD es un rango limitado, batallas para limpiar las zonas de resistencia de $13,300 a $13,500

Predicción de precios de Bitcoin (BTC) – 25 de octubre de 2020

El precio del BTC/USD ha seguido fluctuando entre 12.800 y 13.200 dólares. Hoy, los toros rompieron la resistencia de 13.200 dólares, pero el movimiento ascendente fue repelido posteriormente. El precio cayó a la zona de rango para reanudar un movimiento lateral.

Hoy, los compradores se enfrentaron a un fuerte rechazo por encima de la zona de 13.200 dólares, ya que el precio rompió el rango de precios superior. La moneda rompió la resistencia de 13.200 dólares pero enfrentó el rechazo en las zonas de resistencia de 13.300 a 13.500 dólares. El movimiento alcista de Bitcoin Billionaire está amenazado, ya que los toros deben atravesar las zonas de resistencia.

  • Niveles de resistencia: 13.000, 14.000, 15.000 dólares.
  • Niveles de apoyo: 7.000, 6.000, 5.000 dólares.
  • BTC/USD – Gráfico diario

La resistencia de 13.500 dólares debe romperse para que el precio de BTC reanude su impulso alcista. De lo contrario, el movimiento de rango entre 12.800 y 13.200 dólares continuará. El precio de Bitcoin está operando por encima del rango del 80% del estocástico diario. Esto implica que pueden surgir vendedores que empujen el precio de la BTC hacia abajo.

El etéreo pronto se convertirá en la primera cadena de bloques que se liquide 1 billón de dólares en un año

Se dice que la red Ethereum procesa el doble del volumen de transacciones de Bitcoin y está en camino de procesar 1 billón de dólares este año. Por otro lado, Bitcoin está en camino de procesar 800 millones de transacciones. Ethereum ha sido capaz de procesar el doble de volumen de transacciones de Bitcoin como resultado del boom de las finanzas descentralizadas del tercer trimestre. Según los informes, la media diaria de 30 días de volumen de transacciones de Ethereum es actualmente de 7.000 millones de dólares. En el caso de Bitcoin, procesa menos de 3.000 millones de dólares.

BTC/USD – Gráfico de 1 hora

Es probable que el impulso alcista de Bitcoin continúe si el precio supera las zonas de resistencia de 13.300 a 13.500 dólares. El 25 de octubre la tendencia alcista; BTC se resistió a un máximo de 13.358 dólares. El cuerpo de la vela retrazada probó el nivel de retrazado de Fibonacci al 38,2%. Esto indica que la moneda subirá al nivel 2.618 de extensión de Fibonacci. Esto equivale a un máximo de 14.355,90 dólares.

Bitcoin Prijs Analyse: Slechts $1K tot 2020 Hoog – Kan BTC binnenkort $12.500 terugwinnen?

Oktober opent door een storm. Nu Wall Street dicht bij het breken van de records komt, is het nu de beurt aan Bitcoin na een behoorlijke prijswinst van $1000 in slechts 3 dagen. Nieuwe 2020-hoogte binnenkort?

Bitcoin nam een pauze van de handel tijdens de maand september, met een relatief lage volatiliteit. Zoals te zien is op de volgende 4-uursgrafiek, was de gemarkeerde symmetrische driehoek in principe het verhaal van september: Begon met een enorme dump en een langzame consolidatie, sindsdien, rond de $10.600.

Zoals hieronder te zien is, betekende donderdag een doorbraak – in het voordeel van de Bulls. Sinds het breken van de driehoek op $ 10.8K, zagen we een gezonde consolidatie en uiteindelijk een breakout van de $ 11-11.2K gebied, dat was de meest recente high.

Tot nu toe, als het schrijven van deze lijnen, de dagelijkse kaars van vandaag gemarkeerd $ 11.500 als de dagelijkse high. Dit is de eerste weerstand om naar te kijken.

Echter, na drie opeenvolgende groene dagen, zou Bitcoin een beetje kunnen rusten. In het geval van een correctie, zou de $11.000 – $11.2000 steun een zeer gezonde hertest overwegen. Een dagelijkse close onder de $11K zou dingen kunnen veranderen in het voordeel van de beren.

De Fundamentals en de Technicals

Zoals we weten, heeft Bitcoin de laatste tijd een positieve correlatie met Goud en de aandelenmarkten laten zien. De afgelopen dagen, met name op donderdag en vrijdag, heeft dit geleid tot een stijging van 2-3% over de belangrijkste Amerikaanse marktindexen. Kort na de sluiting van Wall Street op vrijdag was het de beurt aan Bitcoin om zijn mogelijkheden te tonen.

Technisch gezien staat de dagelijkse RSI nu op 64-65, het hoogste punt sinds 17 augustus 2020. Ondanks de opwinding is het handelsvolume nog steeds niet significant.

BTC Levels to Watch in The Short-Term

Zoals hierboven vermeld, wordt Bitcoin nu geconfronteerd met $11.400 – $11.500 als eerste gebied van verzet. Als BTC erin slaagt om hierboven te breken, dan zou $11.800 een zwakke weerstand moeten zijn voor het $12.000 – $12.100 weerstandsgebied.

Van onderaf wordt het eerste niveau van steun nu $11.200, gevolgd door $11.000 en $10.800.

Totale Market Cap: $366 miljard

Bitcoin Market Cap: $210 miljard

BTC Dominance Index: 57.5%

The top 3 NFT crypto projects

Non Fungible Tokens (NFT) have broken one milestone after another in the past few weeks. The total volume has already passed the 100,000,000 US dollar mark, and more and more investors and companies are venturing into the NFT sector.

Many NFTs can easily be traded on Bitcoin Machine marketplaces such as OpenSea or Enjin via Metamask. Some of the NFTs reach very high prices due to their scarcity or function in games.

With the Arbismart wallet and arbitrage trading platform, thousands of investors earn passive income (10.8-45% per year). The fully automated crypto arbitrage platform offers low risk, high return investments. ArbiSmart is EU licensed and regulated.

In addition, the NFT sector can be divided into different categories. The five largest NFT industries are currently digital artwork, collectibles, in-game items, metaverses, and sports NFTs.

At the time of going to press , the NFT industry has, according to NonFungible the following trading volume:

Recently, most of the debates in the NFT space have revolved around the price of a tokenized work of art as well as the price of other tokenized objects.

But what are the largest crypto projects by market capitalization that are actively involved in the development of the NFT infrastructure and have a native cryptocurrency for their platform?

1. Enjin (ENJ): market capitalization of $ 128 million

One of the most famous crypto projects in the NFT space is Enjin. The team creates a blockchain-based ecosystem for virtual worlds and focuses on the gaming area.

In addition, the Enjin platform supporting the new ERC-1155-token standard that even more effective than the traditional products used for NFTs ERC-721 -Tokenstandard should be. As a result, the ENJ token can, put simply, transform gaming items on the blockchain into NFTs.

In the future, the ERC-1155 token standard should also make real objects on the blockchain tokenizable. In addition, ENJ can be used as a means of payment for items in a variety of games.

2. Decentraland (MANA): market capitalization of $ 114 million

Decentraland is a virtual platform based on Ethereum that enables users to purchase virtual objects within a virtual world with the MANA Coin .

Furthermore, users in Decentraland can use MANA as a means of payment for games and other services.

In addition, it is revolutionary that virtual properties or objects are mapped as NFTs on the Ethereum blockchain. The most expensive NFT ever traded in Decentraland cost according to OpenSea at the time, it was $ 215,200.

3. WAX (WAXP): Market capitalization of $ 57 million

Wax describes itself as a platform that allows you to create, sell and buy NFTs all over the world without restrictions

The platform Token WAXP, which runs on Wax’s in-house blockchain, can work with the EOS blockchain . According to a medium post, the crypto currency WAX is supposed to be von Wax will soon serve as a bridge between the EOS and Ethereum blockchain on September 30th.

This would make it possible to trade NFTs across blockchain. In addition, WAX should be able to be staked on the platform in order to receive part of the fees that are required for NFT trading on the Wax platform.

Tezos (XTZ) struggles to regain his footing after a steep fall

Tezos is trading between support at $ 1.70 and resistance at $ 2.80.

Longer-term timescales show considerable weaknesses

The XTZ / BTC pair is trading between 16,500 and 24,000 satoshis.

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French Army Tezos

The price of Tezos (XTZ) has been declining since its rejection by a high fibonacci level. We could see some short term increases, but it looks like the long term trend is bearish.

XTZ price peaked at $ 4.49 on August 13, and has been declining ever since. The limit of its rise coincided with the fibonacci level 0.618 of the entire previous downstroke, resulting in a powerful rejection.

Tezos‘ long-term weaknesses

This peak combined with a bearish divergence in the RSI like the MACD, the latter also turning negative.

This tells us that the most likely scenario would be a decline towards the $ 1.50 area in order to validate the upward support line.

On September 4th, the price fell below the support zone of $ 2.80, as well as the ascending support line in place since March.

The XTZ then continued its descent with increased speed.

The main support area is at $ 1.70, which is the 0.786 fibonacci level of the entire upward movement, and former resistance. When price tests it, this resistance should likely convert to support.

Technical indicators are bullish:

The MACD has generated bullish divergences and is on the rise
The RSI has moved out of its oversold territory
The Stochastic Oscillator is forming a bullish cross
There are signs that after a possible dip to $ 1.70 support, price will likely test $ 2.80 resistance again. The long term trend remains bearish.

Cryptocurrency trader @Cryptotoni_ shared a chart of the XTZ indicating that the price has reached a limit and is expected to resume its downward movement shortly.

From the aforementioned August 13 high, it looks like the XTZ has started a bullish impulse (in black below), with a third wave extended (in blue).

If the count is correct then the XTZ would probably be in wave 4. The latter is expected to end between $ 2.71 and $ 2.96, which is between the fibonacci levels 0.382 and 0.5 of the wave. 2.

Price is then expected to complete a final descent, which would take it between $ 1.50 and $ 1.70. This area is a confluence of the long term upward support line outlined in Section 1, and the area of ​​support mentioned in Section 2.

The ZTC / BTC chart is more ambiguous. The price is moving between the support of 16,500 satoshis, and the resistance of 24,000 satoshis. It is currently in the middle of that range.

The technical indicators are uncertain:

The MACD is on the rise but has yet to reach positive territory
RSI is rising, but remains below 50
Stochastic RSI is forming a bullish cross but this is not yet confirmed
Thus, the most plausible scenario would be a period of consolidation between these two areas.