Kategorie: Bitcoin

Bitcoin saavuttaa 51 000 dollaria, kun Yhdysvaltain senaatti vihreää 1 400 dollarin „hämmentävää“ tarkastusta amerikkalaisille.

Bitcoinin ( BTC ) hinta nousi yli 51 000 dollariin 7. maaliskuuta sen jälkeen, kun Yhdysvaltain senaatti oli hyväksynyt odotetun 1,9 biljoonan dollarin kannustinlaskun, joka on noin kaksi kertaa suurempi kuin BTC: n markkina-arvo.

Yhdysvaltain presidentti Joe Biden sanoi, että senaatin hyväksyntä osoittaa merkittävää edistystä „kipeästi kaivatun“ elvytyslaskun toimittamisessa amerikkalaisille. Hän sanoi :

„Tänään voin sanoa, että olemme ottaneet vielä yhden suuren askeleen eteenpäin lupauksen täyttämisessä, että apu on tulossa. Se ei ollut aina kaunis, mutta sitä tarvittiin niin kipeästi, kipeästi. “

Miksi Bitcoinin hinnan ärsyke on nouseva?

Kun kannustinlasku hyväksytään, se rentouttaa välittömästi taloudellisia olosuhteita Yhdysvalloissa. Viime vuosi on osoittanut, että tällaisten toimenpiteiden vaikutus nostaa sijoittajien halukkuutta riskialttiisiin varoihin, mukaan lukien osakkeet ja kryptovaluutat.

Huhtikuussa 2020, kun ensimmäinen elvytyslasku hyväksyttiin, se osui samaan aikaan massiivisen härkätaistelun kanssa sekä Yhdysvaltain osakemarkkinoilla että kryptovaluuttamarkkinoilla.

Luonnollisesti sijoittajat odottavat, että toisella elvytyspaketilla on samanlainen vaikutus Bitcoinin hintaan lyhyellä aikavälillä.

Pitkäaikainen kauppias Peter Brandt sanoi, että Yhdysvaltain dollarin ostovoiman devalvaatio on vasta alkanut.

Devalvoituvan dollarin ja uuden elvytyspaketin yhdistelmä saattaisi todennäköisesti parantaa markkinoiden ilmapiiriä Bitcoinin ympärillä. Brandt kirjoitti :

„Yhdysvaltain dollarin DX_F dollarin ostovoiman devalvaatio on vasta alkanut. Siksi Bitcoin $ BTC: n, kiinteistöjen, Yhdysvaltojen osakkeiden ja hyödykkeiden trendi jatkuu edelleen korkeammana ilmaistuna USD USD: n fiat-arvoina. „

Jos Yhdysvaltain osakemarkkinat alkavat elpyä viikon pituisen vetäytymisen jälkeen , se voi katalysoida edelleen Bitcoinia, koska osakkeet ja kryptovaluutat laskivat samanaikaisesti äskettäisen korjauksen aikana.

Kiinalaiset yritykset seuraavat MicroStrategy-strategiaa?

Bitcoinin parantuvan makroympäristön huipulla ensimmäinen kiinalainen pörssiyhtiö Meitu on virallisesti ostanut 40 miljoonan dollarin arvosta Bitcoinia ja Ethereumia. Yhtiö ilmoitti:

„Ryhmä on ostanut 15 000 yksikköä eetteriä ja 379,1214267 yksikköä Bitcoinia (BTC), molemmat kryptovaluutat, avoimen markkinatapahtumissa yhteensä noin 22,1 miljoonaa dollaria ja 17,9 miljoonaa dollaria yhteensä 5. maaliskuuta 2021.“

„Ensimmäinen kiinalainen pörssiyhtiö, joka osti suuren määrän bitcoinia, ilmestyi“, suosittu kiinalainen toimittaja nimeltä Wu Blockchain kommentoi 7. maaliskuuta. Mutta sen perustajaa kritisoitiin siitä, että se antoi useita ICO: ita vuonna 2017. “ Hän lisäsi:

”Meitu sanoi, että salauksella on tarpeeksi arvioitavaa tilaa, se voi hajauttaa riskiä pitää rahaa käteisellä rahastojen hallinnassa. Tämän vaikutuksesta saattaa olla enemmän kiinalaisia yrityksiä, jotka ostavat Bitcoinia osakekurssiensa nostamiseksi, mutta Kiinan hallitus voi myös kieltää ne. „

Suspected multi-million scam on Binance Smart Chain

A DeFi project on the Binance Smart Chain (BSC) turns out to be a huge scam and loots 31 million US dollars.

According to consistent US media reports, the DeFi project „Meerkat“ has allegedly committed fraud worth millions of dollars on the Binance Smart Chain. This morning at 10:00 Central European Time, the company reported in its Telegram group that it had been the victim of a hack – one day after it had joined the BSC. As a result, 13.96 million BUSD and 73,653 BNB tokens disappeared from the platform. Together, this amounts to a total loss of US$31 million.

Now suspicions are being raised that Meerkat itself could be behind the attack. This was shown by on-chain data. According to this, the attackers used Meerkat’s own developer accounts to make changes to the smart contract. This accusation is strengthened by the fact that the DeFi project cut all connections to their BitQT social channels shortly after the tokens disappeared. For example, the Twitter account is offline and the website is for sale for US$10,000. The company seems to have lived up to its name and literally disappeared into the hole in the ground.

The defrauded users are naturally shocked. In the meantime, complaints are piling up on the Binance community page. There is also a thread on Reddit. There, the term „rug pull“ is mentioned again and again. This refers to a type of scam in the DeFi sector where the project leader promises high profits and great future prospects and then suddenly disappears. BTC-ECHO has asked Binance how the platform intends to prosecute the fraudsters and whether the crypto exchange will pay out compensation to its users. So far, the request has remained unanswered.

Increased accusations of plagiarism against Binance Smart Chain

In addition to the current scam, plagiarism allegations are increasingly doing the rounds on the DeFi platform. With its Smart Chain, Binance has entered into direct competition with Ethereum. Now, however, there are more and more accusations that the supposed competition is in many cases nothing more than a mere copy. This is what happened with the BSC-based platform Musical Beats, which was shut down just a few days after its launch.

The background: Ethereum developers and community members had accused the BSC project of copying EulerBeats and profiting from its success. EulerBeats transforms the works of Swiss mathematician Leonhard Euler into unique visual and acoustic works of art. Users can add these works to their collection and receive a percentage share from sales of prints of these works. Experts, such as ConsenSys legal expert Matt Corva, partially confirm the plagiarism allegations. Corva even speaks of a copy-and-paste procedure. This is all the more ironic, he says, because EulerBeats is precisely about participation in copyrights.

Irony currently seems to be an obedient companion of the BSC. Regardless of this, the platform needs to further develop its security structures in order to avoid scams in the future, if it wants to become a threat to the industry leader Ethereum.

For some altcoin hodlers, the long-term investment turns out to be a stress test. Quite a few who got involved at the height of the crypto boom ultimately backed the wrong horse.

Depending on the stock exchange aggregator used, there are now around 6,000 to 8,000 digital currencies in the crypto sector. It goes without saying that not all of them write a success story like Bitcoin. After the gold rush mood in 2017, quite a few altcoins have disappeared into insignificance. While the Hodln has paid off for Bitcoins, the performance of some formerly more or less ambitious Altcoins demands a thick nerve from long-term investors.

Altcoins in free fall

Matt Masto, an analyst at CMT Digital, has listed and evaluated the largest altcoin rivets based on the data collected by the analysis portal Messari. The sobering balance sheet: Of the 410 listed altcoins, 83 percent of all coins that celebrated all-time highs in 2018 are only worth a tenth of that today.

In the case of altcoins, which reached record highs in 2017 or 2019, the balance is slightly better. With 82 or 72 percent discount, however, we cannot speak of a successful career for them either.

According to Casto, investors who got on board during the peak of the crypto boom in 2017 simply squandered their capital:

Holding assets that peaked 3 years ago turns out to be a massive lost opportunity cost of deploying capital. There’s a reason 83 percent of assets that hit a high in January 2018 are trading 90 percent below their ATHs.

Casto remains silent about the reason. But the fact is: The flop selection includes such dazzling coins as Pluton (PLU), Presearch (PRE), Neblio (NEBL) or Buzzcoin (BUZZ). Never heard? Just.

A large number of Altcoins were, so to speak, free riders. After the ride on the wave of success, they went down without a sound in the first storm. The respective reasons for the descent may differ in detail from coin to coin. But what they all have in common is that the projects behind them couldn’t keep their use case promises.

Capital shift: DeFi as a profiteer

Nevertheless, a lot of capital has accumulated over the years in these seemingly dead crypto projects, also known as ghost chains. Money that could be reallocated within the crypto ecosystem and increasingly flow into DeFi applications.

Last year, the Twitter user and EthHub co-founder “eric.eth” put the value of the ghost chains at around 50 billion US dollars and predicted a shift towards decentralized finances .

Billing with the ghost chains will come. There is well over $ 50 billion in market value for chains that no one is using. They will all be pushed out of DeFi apps with actual usage by the end of this market cycle.

In fact, the DeFi market has seen a huge inflow of capital since the middle of last year. According to Defipulse , the Total Value Locked (TVL) of all tokens integrated in DeFi applications currently amounts to more than 22 billion US dollars. While many Altcoins are treading on the spot, DeFi-Coins are taking over ever increasing market shares. If you put the 50 billion US dollars rumored by “eric.eth” in relation to the current TVL, there also seems to be some room for improvement.

Why the DeFi market is considered undervalued and what growth potential decentralized finances still have can be read at this point .

Die Dominanz von Bitcoin sinkt auf 66%, da der Vermögenswert zum zweiten Mal innerhalb von drei Tagen unter 34.500 USD gesunken ist. Gleichzeitig verzeichnete Polkadot einen weiteren ATH über 19 USD.

Das blutige Wochenende von Crypto Revolt wurde mit erheblichen Preisrückgängen fortgesetzt, da die primäre Kryptowährung zum zweiten Mal innerhalb von drei Tagen unter 35.000 USD fiel. Im Gegensatz dazu haben bemerkenswerte Gewinne für Cardano (ADA) und ein weiteres Allzeithoch für Polkadot die Marktbeherrschung von BTC auf etwa 66% erhöht.

Bitcoin verliert in 24 Stunden mehr als $ 3K

Nur wenige Tage nach dem Crash am Montag, bei dem BTC einen Tiefpunkt von etwas mehr als 30.000 USD erreichte, konnte die Kryptowährung die meisten Verluste wieder gutmachen und versuchte sich sogar erneut bei 40.000 USD.

BTC konnte dieses begehrte Niveau jedoch nicht überschreiten und begann allmählich an Wert zu verlieren. BTC fiel am Freitag auf 34.500 USD, aber die Bullen fingen den Umzug ab und trieben ihn wenige Stunden später auf ein Intraday-Hoch von fast 39.000 USD.

Trotzdem kehrten die negativen Entwicklungen zurück und Bitcoin sank erneut – diesmal niedriger. Zum Zeitpunkt des Schreibens dieser Zeilen liegt der Bitcoin-Preis unter 34.500 USD – über 3.500 USD im freien Fall in weniger als 24 Stunden.

Die technischen Indikatoren deuten darauf hin, dass die nächsten Unterstützungsniveaus, die helfen könnten, wenn BTC noch weiter nach Süden einbricht, 34.000 USD, 32.500 USD (mittelfristig aufsteigende Trendlinie) und 30.000 USD (Montagstief) betragen.

Alternativ muss Bitcoin die Widerstandslinien bei 35.600, 36.600, 37.150 und 38.000 USD überwinden, bevor es möglicherweise erneut 40.000 USD herausfordert.

Drei in einer Reihe für DOT; Alts, die die BTC-Dominanz reduzieren

Obwohl die meisten alternativen Münzen leicht rote Zahlen schreiben, ist es ihnen tatsächlich gelungen, die Marktbeherrschung von BTC zu verringern und gegenüber ihrem BTC-Wert zu gewinnen.

Die Metrik, die die Marktkapitalisierung von Bitcoin mit allen anderen Altcoins vergleicht, lag Anfang dieser Woche bei 70%, ist jedoch zum Zeitpunkt des Schreibens dieser Zeilen auf 66,2% gesunken.

Dies ist nach beeindruckenden Gewinnen aus Vermögenswerten wie Polkadot und Cardano möglich geworden. DOT hat seinen jüngsten Bullen-Run mit einem weiteren Allzeithoch verdoppelt – diesmal über 19 USD. Auf wöchentlicher Ebene ist DOT um mehr als 70% gestiegen , und das Asset hat XRP als viertgrößte Krypto übertroffen .

Auf der anderen Seite ist ADA um 15% auf ein Hoch von 0,36 USD gestiegen.

Ethereum, Binance Coin und Litecoin haben geringfügige Verluste verzeichnet. Ripple (-3%), Bitcoin Cash (3%) und Chainlink (-8%) haben unter den Top Ten am meisten verloren.

2021 could be the year of Ethereum’s Layer-2 solutions.

Synthetix and others of these protocols will be used to make transactions faster and cheaper.

Some protocols could use Uniswap-style airdrops to attract new users.

If 2020 was the year Ether (ETH) surpassed itself, then 2021 could be the year of Ethereum’s Layer-2 protocols, also known as “solutions”. So which solutions offer the best yield mining , and which ones could launch an airdrop ?

Why does Ethereum need Layer-2?

Ethereum’s network fees are currently very high. Let’s be honest, Ethereum does have a gas problem. Although Ethereum 2.0 has been in the works for years and Beacon Chain has been launched, the protocol has not grown fast enough to support its popularity. At best, Ethereum can still only process around 30 transactions per second, and competition for a place in the network has led to average fees of over $ 15.

Additionally, one of the main drivers of ETH growth is decentralized finance ( DeFi ). Whether it’s lending, borrowing, or decentralized trading, users pay a hefty premium to use the world’s largest smart contract system. It seems logical: the technology works, it has a huge core of developers, and it is proven to be secure.

One of the points of blockchain, however, is to make fast payments around the world for pennies, isn’t it? So while Ethereum 2.0 won’t change transactions instantly until at least December 2021, some shrewd developers have come up with some ingenious solutions: Layer-2.

How Layer-2 Solutions Work

Layer-2 solutions vary in function and purpose, but the basic idea remains the same – it is a faster copy of the Ethereum network, where users can transfer their funds, do their business quickly, and for less than a dime and then get them out.

So if Layer-2 is so fast and economical, why isn’t everyone using it already? Because you still have to deposit or exchange ETH or ERC-20 tokens to simply have access to the system, and the fees for this remain high. In addition, its exchanges lack the liquidity and variety that Ethereum-based exchanges enjoy.

Recently, several Layer-2 solutions have appeared, in particular those connected to Uniswap-type Automated Market Creators (AMMs). Could Layer-2 then save Ethereum in the short term?

What Layer-2 solutions could then distribute tokens by airdrops?

Perhaps a more important question is, “How do I use Layer-2 solutions to make money”? Here are three Layer-2 protocols to watch out for, and maybe even interact with.

Loopring (LRC) and its exchange of the same name

Uniswap’s lunar ascension may be running out of steam, but AMMs are not going to go away. That said, Uniswap’s fees to unlock tokens and trade are astronomical, and people turn off.

Les investisseurs fortunés, ou baleines, achètent du Bitcoin de manière plus agressive depuis Noël, selon les données en chaîne.

Les baleines Bitcoin ( BTC ) en achètent plus depuis Noël, selon les données en chaîne. Cela indique que les investisseurs fortunés continuent de consommer l’offre de BTC.

Il est presque impossible de séparer les investisseurs institutionnels des investisseurs individuels grâce à des données en chaîne. Cependant, la tendance montre que les investisseurs disposant de capitaux importants entrent de plus en plus sur le marché Bitcoin malgré son rallye.

Pourquoi les baleines continuent-elles d’acheter plus de Bitcoin?

Selon les analystes de Santiment, environ 647 millions de dollars de Bitcoin sont probablement transférés de petites adresses à de grandes adresses.

Les adresses contenant plus de 1000 BTC ou plus sont considérées comme des baleines par de nombreux analystes, car 1000 BTC équivaut à plus de 27 millions de dollars au prix actuel de 27100 dollars. Les analystes ont écrit :

«Au cours des 48 dernières heures depuis Noël, les adresses #Bitcoin avec 1000 $ BTC ou plus possèdent désormais 0,13% de plus de l’offre que les petites adresses auparavant. Cela représente environ 24 158 jetons, ce qui correspond à 647,7 millions de dollars au moment de la rédaction de cet article. “
Le Bitcoin a presque triplé depuis la mi-2020, et l’avantage de BTC est sans doute limité dans un proche avenir.

Pourtant, la plupart des points de données sur la chaîne montrent que moins de baleines se vendent dans les principales bourses. Ki Young Ju, PDG de CryptoQuant, a déclaré :

«Les baleines BTC semblent épuisées à vendre. Moins de baleines se déposent dans les échanges. Je pense que cette tendance haussière se poursuivra alors que les investisseurs institutionnels continueront d’acheter et que le taux de change des baleines restera inférieur à 85%.

Il y a deux raisons principales pour lesquelles les baleines pourraient accumuler du Bitcoin dans la fourchette de prix actuelle

Premièrement, malgré le rallye trop prolongé de Bitcoin, les baleines pourraient croire que la barrière psychologique à 30 000 $ se brisera. Si tel est le cas, les données sur les options suggèrent que 36 000 $ pourraient être une cible probable à court terme.

Deuxièmement, il n’y a aucune raison solide d’anticiper une correction majeure à venir, mis à part l’écart de CME et le taux de financement élevé des marchés à terme.

Mais si Bitcoin se consolide après chaque rallye, comme on l’a vu au cours des deux derniers jours, le taux de financement se normaliserait probablement. Lorsque cela se produit, le marché des dérivés serait moins surchauffé, augmentant la probabilité d’un nouveau rallye.

Las principales monedas de DeFi, Aave e YFI corrigen el 10% como diapositivas de ETH

Las principales monedas de financiación descentralizada (DeFi) han sufrido una severa corrección en el último día. Nombres importantes como MakerDAO’s Maker (MKR), Aave’s AAVE, Yearn.finance’s YFI, entre otros, han bajado un 10 por ciento en el último día.

Bitcoin, en comparación, sólo ha bajado aproximadamente un 2% en el último día, habiendo caído de los bajos 19.000 dólares a 18.800 dólares ahora. El etéreo también ha bajado sólo un pequeño porcentaje.

La caída del mercado del DeFi se produce ante fuertes tendencias fundamentales. En primer lugar, Ethereum 2.0 se lanzó la semana pasada, con esta nueva cadena Bitcoin Era acumulando más de 1.000.000 de ETH en depósitos. Además, el valor total encerrado en el espacio del DeFi continúa empujando a nuevos máximos históricos.

Aave se somete a una actualización crucial

La caída de estas monedas se produce ante las noticias positivas de los principales protocolos en el espacio de DeFi.

Ayer, Aave anunció que está lanzando la segunda versión del protocolo. Un documento de la empresa obtenido por CoinDesk indica que esta nueva versión incluirá una serie de nuevas características, incluido el intercambio de garantías, que permitirá a los usuarios cambiar fácilmente los tipos de garantías que respaldan sus préstamos a un bajo costo de transacción:

„El canje de garantías puede ser un instrumento útil para evitar liquidaciones. Por ejemplo, si el precio de su garantía empieza a caer, puede simplemente cambiarlo por un stablecoin para no tener que preocuparse por las fluctuaciones de los precios y la posible liquidación“.

Muchos esperan que esta actualización lleve a Aave y su ficha nativa al siguiente nivel. La moneda ya ha alcanzado nuevos máximos históricos el otro día.

Yearn.finance también está viendo noticias fundamentales. A saber, el principal protocolo DeFi está anunciando fusiones con otros protocolos que deberían impulsar la usabilidad.

„Mientras el Sushi se centraba en la expansión de su ecosistema AMM, y mientras Yearn se centraba en la expansión de sus estrategias, se hizo evidente que cada vez había más superposición, Yearn necesitaba experiencias AMM personalizadas para sus estrategias, y el Sushi empezó a empujar los límites del rendimiento y los mercados de dinero. Con estas superposiciones, más y más trabajo comenzó a convertirse en mutualista, y en este punto, se hace para llevar la relación al siguiente nivel“.

Muchos esperan que estos movimientos beneficien al ecosistema del DeFi inyectando más color y utilidad en este espacio en desarrollo.

Dan Morehead, um alto executivo da popular empresa de investimento em criptografia Pantera Capital, durante uma recente entrevista em podcast, declarou que o desempenho recente do preço do Bitcoin superou todas as expectativas. Ele destacou ainda que este desempenho destaca que o criptocurso se tornou uma ferramenta de investimento viável.

Morehead também previu que o Blockchain se tornaria uma opção de investimento muito interessante em duas décadas

Ele destacou que o espaço criptográfico tem enfrentado algum nível de hostilidades por parte das autoridades dos EUA. No entanto, ele acredita que isso não deteria os investidores tradicionais do Bitcoin. Ele ressalta que, em vez disso, a moeda continua conquistando a confiança desses investidores a cada dia que passa.

O alto executivo da Pantera Capital também observou que o popular token criptográfico chegou a um estágio em que tem “velocidade de escape”. Ele passou a esclarecer que, embora a moeda atualmente esteja acima de US $ 18.000, ela ainda era 52% menor do que sua regressão de longo prazo.

Ele concorda que a decisão do governo federal de imprimir mais dólares levaria mais pessoas a ver o Bitcoin como uma opção de investimento. Isso continuaria impulsionando o preço da moeda, já que o crescimento da indústria seria impulsionado pelo interesse real dos investidores.

Alto executivo da Pantera Capital dá opinião sobre países que tentam copiar Bitcoin

O CEO da Pantera, Dan Morehead, disse que espera que muitas outras pessoas tentem emular o que o Bitcoin foi capaz de alcançar.

Ele aponta para a China, que atualmente está tentando construir um sistema de pagamento blockchain como um exemplo do impacto que a moeda teve. Ele acrescentou que espera que mais imitadores apareçam porque o sistema de pagamento blockchain mostrou seu mérito.

Você deve se lembrar que a China, juntamente com outros países como Rússia, Japão etc., começaram a trabalhar em um projeto de Moeda Digital do Banco Central (CBDC). Esses países destacaram que o futuro da moeda é digital.

A medida que Trump se enfrente a Biden en las encuestas, ¿Bitcoin sentirá la réplica?

¡Hora de las elecciones! La batalla entre “ Sleepy “ Joe Biden y “ Tiny Hands “ Trump se librará en las urnas esta noche, y quizás en los tribunales durante las próximas semanas. Pero, ¿qué le está haciendo esto a Bitcoin y cómo se comparan las elecciones de 2020 con las últimas elecciones?

El precio de Immediate Edge el día de las elecciones es de $ 13,685, según el sitio de métricas CoinMarketCap, un aumento del 1,82% en las últimas 24 horas.

Las 5 principales noticias y funciones de criptografía en su bandeja de entrada cada día.
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En la noche de las elecciones de 2016, cuando el presidente Trump venció a la “ loca / torcida / mentirosa “ Hillary Clinton, el precio de un solo Bitcoin era de 700 dólares. Tras la victoria de Trump, Bitcoin se disparó a $ 735. Eso es un aumento de 18 veces en el precio de Bitcoin en los últimos cuatro años.

¿Y qué hay de 2012, cuando “ Cheatin ‚” Obama venció al “ Choke-artist ” Mitt Romney? Los datos son confusos, pero Bitcoin valía alrededor de $ 11.2 en octubre y $ 12.56 en noviembre, según Statista. Para aquellos „deberían haber comprado Bitcoin cuando“ la gente, sí, eso es un aumento de 1000 veces su precio desde el segundo mandato de Obama.

Por qué los mercados de predicción y las encuestas difieren en las probabilidades de elección de Trump
Según el modelo de pronóstico de elecciones de The Economist, el presidente Trump tiene solo un 4% de posibilidades de ser reelegido.

Por lo menos, las grandes diferencias de precios muestran cuánto puede cambiar entre elecciones

Mientras Estados Unidos prueba los cimientos de su democracia este mes, los comerciantes de Bitcoin también probarán nuevos precios. El mes pasado, el precio de Bitcoin aumentó de alrededor de $ 10,500 a principios de mes a máximos de poco más de $ 14,000 durante el fin de semana.

Mucha gente piensa que Bitcoin no está correlacionado con los eventos globales: la llamada teoría del „refugio seguro“. Como clase de activo que los inversores consideran que está aislada de los acontecimientos políticos, ¿seguirá imperturbable ante las elecciones?

Solo las papeletas lo dirán, a menos que Trump o Biden las disputen.

Binance shows white paw to regulators

Changpeng Zhao („CZ“) explained his vision in an interview with Fortune. According to him, we are witnessing a shift in the ecosystem: the arrival of institutional investors and the increased attention of central banks has led to a regulatory wave. The good news is that this is creating official projects that rely on the latest blockchain technologies, including MNBCs. But it comes with more constraints, which claimed one victim last week: BitMEX.

Changpeng Zhao explains that Binance is particularly careful to comply with regulators‘ expectations, so as not to suffer the same fate as its competitor. The CEO develops :

„We just want to maintain a very prudent structure that is fully compliant with the regulations. …] We want to make sure we don’t have any U.S. customers. »

This is precisely why a Binance clone, Binance US, emerged in 2019 with enhanced measures to appease US regulators in advance.

MNBC VS Bitcoin, who will win?

This pro-regulatory approach, which is relatively new for Binance considering its beginnings, undoubtedly contributes to the relative openness of Changpeng Zhao to MNBC. Binance’s CEO explains that any large-scale digital currency would be beneficial to the crypto industry, if only by allowing the general public to learn about this field.

With one limitation: the first MNBCs to be launched will be much more restrictive than a crypto currency such as Bitcoin, according to CZ. Their centralized nature would therefore not allow them to play in the same yard. But eventually, MNBCs and Bitcoin could be put in competition:

„If a government offers a new cryptography that is even more open, free and with fewer restrictions than Bitcoin, but is faster and cheaper to use, then it will threaten Bitcoin. But it’s good for the industry, it means it would be something even better than Bitcoin. »

In any case, Changpeng Zhao’s opinion agrees with some analysts, who believe that the risk for Bitcoin is not a ban by governments, but direct competition from a currency that is at least as efficient.

One thing is certain: no matter how the wind changes, we will find Binance positioned. The exchange has already benefited from the cut-off that the regulators have dropped on BitMEX. It has seen a 44% increase in the volume of futures contracts compared to last quarter, harvesting users who have fled its competitor.