XRP übersteigt zum ersten Mal seit 2018 1 US-Dollar: Was steckt hinter der neuen Rallye?

XRP hat zum ersten Mal seit 37 Monaten 1 USD überschritten, da Altcoins mit großer Obergrenze beginnen, Ethereum zu folgen.

Der Preis für XRP hat am Dienstag zum ersten Mal seit März 2018 1 USD überschritten und die Marktbewertung auf rund 47 Mrd. USD geschätzt.

Darüber hinaus ist die viertgrößte Bitcoin Bank auf dem Weltmarkt gegenüber dem Bitcoin- Paar ( BTC ) ausgebrochen , was zu einer erheblichen technischen Dynamik geführt hat.

Meistens eine technische Rallye, nicht zu viele Grundlagen

Als XRP bei rund 0,75 USD lag, stellten Kryptowährungshändler fest, dass die Marktstruktur von XRP bullisch war.

Cantering Clark, ein Händler für Kryptowährungsderivate, sagte, dass XRP über alle technischen Komponenten verfügt, um sich zu sammeln. Seitdem ist XRP von 0,75 USD auf über 1 USD gestiegen.

Am Dienstag sagte Clark :

„Nicht umsonst hat $ XRP technisch alle notwendigen Schritte unternommen, um bullisch zu sein. Nach den Börsen-Delistings und Abschreibungen durch die meisten CT-Unternehmen blieb der Markt sowohl vom positionellen als auch vom Seitenstandpunkt aus im Wesentlichen kurz. Das kann viel höher gehen. “
Ein anderer bekannter Händler, bekannt als Kaleo, bemerkte, dass der Ausbruch von XRP gegen Bitcoin besonders optimistisch ist.

Nach seinem Ausbruch über 1 USD erklärte Kaleo, dass XRP kurz vor dem Ausbruch eines dreijährigen Abwärtstrends gegen Bitcoin stehe. Er bemerkte :

„$ XRP / $ BTC steht kurz vor dem Ausbruch eines Abwärtstrends von mehr als drei Jahren. Null Belichtung scheint hier unverantwortlich. Wenn dieser sh * tcoin zu pumpen beginnt, macht er vertikale Bewegungen (auch bekannt als alles auf einmal für einen Burst). Noch sehr früh. “

Ja, Bitcoin bliver faktisk parabolsk, ifølge Peter Brandt

Veteranhandleren Peter Brandt siger, at Bitcoin gennemgår sit tredje parabolske fremskridt.

Veteranhandleren Peter Brandt har bemærket, at Bitcoin Trader er midt i endnu et parabolsk fremskridt i en nylig tweet.

Som vist på hans diagram startede det i slutningen af 2018, da den største kryptokurrency var i bunden på ca. $ 3.100. Bitcoin er steget med 1.331 procent siden dette niveau.

Brandt – der har samlet næsten 45 års handelserfaring – siger, at det at se tre parabolske fremskridt på et logaritmisk diagram i løbet af ti år er virkelig „historisk“.

Faren for parabolske bevægelser

Når vi taler rent matematiske, er parabolske fremskridt karakteriseret ved den stigende stigningsvinkel. Sådanne formationer er meget efterspurgte blandt handlende på grund af enorme afkast.

Når det er sagt, advarede Brandt også mod at hoppe på toget, når et parabolsk fremskridt allerede bliver tydeligt i hans januar-tweet:

Når et parabolisk fremskridt er indlysende, er det meget sent at være køber. Toget har forladt stationen. Hvis du ikke allerede ejer et marked, når jeg påpeger en parabolisk tendens, så køb ikke baseret på mit diagram.

Parabolske tendenser har en tendens til at være meget farlige, da det er utroligt svært at få tiden på toppen, når man køber vanvittige spark i høj gear, og antallet fortsætter bare med at gå op. Imidlertid kan enorme lodrette bevægelser ikke opretholdes for evigt, hvorfor de normalt følges af skarpe tilbageførsler.

En korrektion på 80 procent er sandsynligvis

Tilbage i januar 2018 bemærkede Brandt, at Bitcoins tidligere parabolske fremskridt var blevet overtrådt. Det blev efterfulgt af en korrektion på 80 procent, som den legendariske kortlægger nøjagtigt forudsagde.

Nu forventer Brandt, at en lignende nedtrapning kan forekomme, så snart det igangværende parabolske træk er slut.

80% korrektioner er mest almindelige, når paraboliske fremskridt overtrædes.

Bitcoin handles til $ 49.563 efter at have overskredet $ 50.000-mærket på alle større børser den 16. februar.

Bitcoin-chartistit katsovat hintojen nousun 70 000 dollariin

Bitcoin-chartistit katsovat hintojen nousun 70 000 dollariin Tesla-salausostoksen jälkeen

Vaatii 70 000 dollarin Bitcoinia vauhdittamaan teknisten markkina-analyytikkojen keskuudessa, kun kryptovaluutta pääsee Teslan taseisiin.

Cheds, riippumaton kryptovaluuttaanalyytikko, jolla on valtava seuranta Twitterissä, näki BTC / USD-valuuttakurssin nousevan vähintään 70 prosenttia tulevissa istunnoissa. „Vain havainto“, hän sanoi samalla, kun hän viittasi fraktaalimaiseen suhteellisen voimakkuuden indikaattoriin nousevaan analogiaansa Bitcoin Trader ja lisäsi, että aina kun indikaattori siirtyy „tehovyöhykkeelle“, se lähettää Bitcoinin hinnat korkeammalle.

”Vyöhyke” edustaa yliostettuja alueita yllä olevassa kaaviossa. Yli 70: n RSI-lukema osoittaa Bitcoinin ylittävällä arvostusalueella, joka tyypillisesti tarkoittaa myyntiä. Kahdessa viimeisessä yli 70: ssä purkautumisessa kryptovaluutta ylitti tervetulleutensa yli 70: n, mikä johti spot-hinnan nousuun 70-100 prosenttia.

„Tämän teorian perusteella [bitcoin] -hinnan tulisi saavuttaa noin 70k ennen jäähdytystä, joskus seuraavien 3-4 viikon aikana“, sanoi Cheds.

Tesla-nopeus

Näkymät ilmestyivät, kun Bitcoin perusti tiistaina uuden ennätyskorkean tason ja ylitti 47 500 dollarin tason ensimmäistä kertaa 12 vuoden elinaikanaan. Elinkeinonharjoittajat parvistuivat kryptovaluuttamarkkinoille päivä sen jälkeen, kun amerikkalainen autonvalmistaja Tesla ilmoitti ostaneensa 1,5 miljardin dollarin arvosta Bitcoinia „vaihtoehtoisina varavarastoina“ käteisvaroilleen.

Hakemuksessaan Securities and Exchange Commissionille Tesla sanoi, että se aikoo ostaa lisää Bitcoinia tulevaisuudessa ja – ehkä – jopa mahdollistaa sen käytön maksuvälineenä tuotteilleen ja palveluilleen.

Ilmoitus on kannustanut analyytikkoja tekemään aggressiivisia nousupyyntöjä Bitcoinille. Bloomberg Intelligencen vanhempi hyödykestrategi Mike McGlone sanoi maanantaina, että kryptovaluutan hinta nousee 50000 dollariin. Jotkut ajattelevat, että se voi jopa ylittää 100 000 dollaria, jos rikkaat yritystalot ottavat vihjeitä Teslasta ja ostavat Bitcoinia.

Näyttää siltä, ​​että Mitch Steves, Kanadan kuninkaallisen pankin analyytikko, ennakoi Applen tulevan hajautetun kryptovaluutan seuraavaksi suureksi ostajalle – tai vaikka se alkaa tarjota salauslompakkoa tai valuutanvaihtopalvelua, kuten PayPal teki lokakuussa.

Bitcoin 75 dollaria

Samaan aikaan riippumattoman markkina-analyysiyrityksen TradingShotin analyytikot ajattelevat Bitcoinin olevan 75 000 dollaria. He mainitsevat niin kutsutun LMACD-nousevan ristin ylösalaisin analogiakseen.

„Jopa 75 500 dollarin tavoite potentiaalisesta + 98%: n noususta olisi melko realistinen kahden kuukauden aikana, koska se osui 2,5 Fibonacci-laajennukseen“, TradingShot selitti yllä olevalla kaaviona. „Ainoa Fibonacci-kanavan Fib-laajennus, jota ei ole lyöty +0,5-välein (katso, miten 1.5 ja 2.0 ovat jo osuneet).“

Shopify security breach exposes confidential data of other Ledger customers

A Shopify data breach exposed the personal information of 20,000 other Ledger customers.

The incident comes just weeks after hackers exposed the sensitive information of approximately 270,000 Ledger customers.

Company users have been the target of phishing and extortion attempts since an initial leak in June 2020.

A security breach at the Shopify e-commerce business exposed personal data belonging to customers of around 200 of its merchants.

Among those affected are customers of Ledger, the maker of electronic cryptocurrency wallets. This is the second time in a short time that Ledger customers have seen their personal information potentially exposed.

While most of the data is the same as Ledger’s initial security breach last year, the people behind the Shopify leak have obtained an additional 20,000 customer records.

20,000 additional Ledger customers are exposed

As BeInCrypto reported last year, a massive data breach from crypto wallet maker Ledger resulted in the theft of personal information of around 270,000 customers. In December, the data was found online in a public forum.

Ledger initially downplayed the significance of the leak, saying the initial June 2020 incident only affected 9,500 users. The data release, however, indicated the opposite.

Since the names, postal addresses and emails of customers have been disclosed, numerous phishing attempts have since been reported. Some users have even reported extortion attempts involving death threats.

This Wednesday, January 13, Ledger revealed a new data leak, which seems to be becoming a trend in the pitfalls of the crypto community. In a post on the company’s blog, the company revealed that it was among merchants affected by a security incident at multinational e-commerce company Shopify.

Recently, we reported a data disclosure. On December 23, we were alerted by our e-commerce provider Shopify to an incident in April and June 2020, in which rogue members of their team exported the customer databases of some merchants. Ledger was one of them.

According to an article on the Shopify website detailing the incident, two “dishonest members” of the company’s support team stole the transaction records of approximately 200 merchants.

The Shopify incident was first revealed on September 22, 2020, but now laid-off staff “illegally exported” data in April and June. However, Ledger says it was not made aware of the leak involving its customers until December 23.

Shopify is reportedly working with the FBI and other international law enforcement agencies to investigate the incident. In the meantime, Ledger reported the Shopify incident to the French data protection authority and notified other affected users earlier today on Wednesday, January 13.

Changes in the storage of user data

As part of Ledger’s latest data release , the company has announced changes to how it will handle customer data in the future. She says she is now committed to keeping their personal information as short as possible.

Additionally, the French e-wallet maker says it will remove sensitive data from order confirmation emails to prevent further information leaks through e-commerce providers. The company also said it will add an email protocol to Ledger Live, reducing reliance on email communication with customers.

In addition to pledging to continue working with international law enforcement, the company said it has hired additional private investigators. She also allegedly created a 10 BTC prize pool for information leading to the arrest and prosecution of those responsible.

Crypto Mining Giant Hive Blockchain dépasse la valeur marchande de 1 milliard de dollars

Le 8 janvier 2020, Hive Blockchain Technologies Ltd., une société d’extraction de crypto-monnaie cotée en bourse, a dépassé 1 milliard de dollars de valeur marchande dans un marché de la crypto-monnaie en plein essor .

Hive, qui produit des monnaies numériques nouvellement créées comme BTC et ETH, a vu ses actions exploser au cours des derniers mois au milieu du rallye parabolique de Bitcoin. Les actions de la startup minière basée à Vancouver ont grimpé de plus de 2500% en 2020.

Hive sert de lien entre l’industrie de la blockchain et les marchés financiers traditionnels et a constamment fourni aux actionnaires une exposition aux marges d’exploitation de crypto mining.

La valeur marchande du mineur a maintenant atteint 1,17 milliard de dollars , avec 345 millions d’actions en circulation. Cette croissance vient sur le dos de la demande croissante de crypto alors que l’économie mondiale sous-performante en raison de la pandémie Covid-19.

Les sociétés minières cryptographiques profitent du rallye BTC

Hive s’est positionné pour exploiter le marché minier en croissance au cours de la dernière année en augmentant considérablement sa capacité minière BTC.

En novembre 2020, la société a annoncé l’achat et le hachage immédiat de 1240 mineurs MicroBT WhatsMiner M30S, doublant presque sa puissance de hachage. Le géant minier a ajouté plus de 3000 nouvelles machines minières à ses opérations minières en 2020 et vise à atteindre une puissance de hachage totale de 1000 PH / s d’ici la fin de 2021.

Le secteur de l’extraction de crypto-monnaies a profité de la flambée des prix du BTC, les données de Glassnode estimant que le revenu total des mineurs s’élève désormais à plus de 13 milliards de dollars. Ces marges bénéficiaires élevées font de l’exploitation minière une industrie de poids dans le secteur de la cryptographie.

Alimentés par la récente course haussière de la crypto, les cours des actions des sociétés liées à l’extraction de crypto enregistrent des gains massifs depuis les dernières semaines de 2020.

Avant Hive, d’autres grandes startups minières telles que Riot Blockchain (RIOT) et Marathon Patent Group (MARA) ont également dépassé la valeur marchande de 1 milliard de dollars le mois dernier.

Le retour de l’exploitation minière BTC atteint les sommets de 2019

Les mineurs profitent également d’une activité accrue sur la blockchain Bitcoin pour engranger des profits massifs. Selon des données récentes de Glassnode , les mineurs de BTC gagnent 1 million de dollars par heure, ce qui représente une augmentation d’environ 185% depuis la troisième réduction de moitié des récompenses à la mi-mai.

La dernière fois que les revenus miniers horaires étaient proches du niveau actuel, c’était en juillet 2019, lorsque les récompenses de bloc étaient deux fois plus élevées qu’aujourd’hui. En raison de ces rendements lucratifs, le marché des machines d’extraction de bitcoins se réchauffe. Selon John Lee Quigley de Hashr8 , la demande croissante de BTC au milieu d’une hausse astronomique des prix reflète le prix du matériel minier. Les mineurs de Microbt et Bitmain seraient épuisés jusqu’en mai 2021, ce qui a fait grimper le coût des équipements miniers de dernière génération de 35% au cours des deux derniers mois.

This cryptomony makes the big 8 and collapses to zero in a few hours

This cryptomony makes the big 8 and collapses to zero in a few hours – The trap you must avoid

Too much euphoria is never good – Exit scams were common during the ICO madness of 2017. 3 years later, this phenomenon now seems to have spread to the DeFi ecosystem.

DistX is a DeFi ecosystem platform specialised in token presales. Launched last August, it has successfully completed 3 pre-sales, and its DISTX token reached $0.25 at the beginning of September. In addition to these pre-sales, DistX offered its Bitcoin Rush token holders the opportunity to recover up to 2% of the funds raised. But it found itself at the centre of a melodrama, as reported by the media Decrypt.

So far, everything was going well for the project, despite a drop in the price to around $0.07.

However, on 13 December, the founder of the project, Adrian Daluz, announced on Discord that DistX was closing its doors. To justify his choice, he points to the failure of the last fund-raising campaign as well as „family problems“. He added that their tokenomics were „wobbly from the start“.

Despite this, the team has confirmed its willingness to buy back the DISTX tokens available on Uniswap so as not to leave useless and worthless tokens to investors. A sort of curious pump and dump of the last chance, in short.

„Please note that we are not withdrawing any cash and that with the company’s remaining funds (USD 95,000) we will buy DISTX tokens on Uniswap and burn them to help you get more [than zero] out of your investment. »
Adrian Daluz

A very different situation in reality

Despite this announcement, it would appear that the DistX teams did not keep their promise.

Yes, they have! As the scam-hunting group @WaronRugs pointed out, Adrian Daluz has indeed withdrawn the cash present on Uniswap.

He actually paid back ETH 170 to 36 of the 1,662 DISTX token holders, probably friends and family.

Daluz then took the liberty of withdrawing 22 ETH for his personal account, amounting to $12,880.

The consequence was tragic. Within a few hours, the DISTX price dropped to zero. The project went from over $2 million in capitalization to less than $10,000.

Ripple refuta los hallazgos de seguridad de la Universidad de Berna

¿La cadena de bloqueo del Ripple es realmente segura contra los ataques?

No te pierdas las noticias de movimiento del mercado
Recibe informes diarios de criptografía e informes semanales del mercado de Bitcoin directamente en tu bandeja de entrada.

  • Los investigadores de la Universidad de Berna sugieren que Ripple es inseguro.
  • Dicen que la cadena de bloques es propensa a los dobles gastos y a los tenedores.
  • El CTO de Ripple, David Schwartz, ha dejado claro que tal ataque sería difícil de llevar a cabo.

Investigadores de la Universidad de Berna han analizado la cadena de bloques Ripple y han encontrado que la cadena de bloques carece de seguridad. Ripple, sin embargo, impugna esas afirmaciones.

Ripple supuestamente está en riesgo

Según el equipo de investigación de Berna, Ripple asegura „ni seguridad ni vida“ bajo las suposiciones que hace.

En este contexto, la falta de seguridad significa que Ripple puede no impedir Bitcoin Up adecuadamente el doble gasto (es decir, las transacciones falsas) y los tenedores de libros no deseados. La falta de vida significa que la cadena de bloques puede no continuar procesando las transacciones con normalidad.

El equipo creó un modelo para demostrar que Ripple no logra esos objetivos incluso en „condiciones adversas leves“. Supuestamente, la presencia de sólo unos pocos nodos maliciosos puede causar problemas, incluso en condiciones normales. Esos nodos maliciosos pueden enviar mensajes contradictorios que son pasados por alto por los nodos correctos.

Los investigadores añaden que la centralización mitiga el problema. Como empresa, Ripple suministra una Lista de Nodos Únicos predeterminada, que actualmente utilizan todos los validadores. Aunque la descentralización suele considerarse beneficiosa, en este caso una lista de confianza centralizada proporciona una mayor seguridad al proporcionar validadores de confianza.

¿Es real el riesgo?

El CTO de Ripple David Schwartz ha respondido a la supuesta amenaza. Aunque dice que „aprecia que se haya identificado y señalado cualquier debilidad“, cree que el ataque no es práctico.

Argumenta que el enfoque de Ripple es más seguro que otras cadenas de bloqueo porque un atacante necesitaría tanto particionar la red como controlar parte de la Lista de Nodos Únicos. Además, los atacantes sólo tendrían una oportunidad de poner en peligro la Lista de Nodos Únicos antes de ser eliminados de esa lista permanentemente.

Schwartz reconoció previamente la posibilidad de este tipo de ataque en 2013. Allí, señaló además que los validadores se negarían a llegar a un consenso entre ellos y declararían automáticamente la red inutilizable. Esto sugiere que el diseño de Ripple tiene un nivel de seguridad más allá de lo que la Universidad de Berna describe.

En última instancia, no está claro si el ataque podría ser ejecutado. Los investigadores de la Universidad de Berna admiten que su modelo de ataque es „puramente teórico“, pero sostienen que podría ponerse en práctica.

Bitcoin SV długoterminowa analiza cenowa: 16 listopada

Dla Bitcoin SV, większy bykowy trend na rynku nie miał żadnego znaczenia. W ciągu ostatniego tygodnia jego wycena spadła z powodu korekt BTC, a krypto-aset nie odzyskał tego samego sentymentu, mimo że Bitcoin odbił się. BSV, w momencie pisania, stanęło przed ogromnym dylematem na wykresach. Podczas gdy reaguje na korekty, w jego długoterminowej analizie nie udało się dobrze zidentyfikować rajdów byczych.

Wykres 1-dniowy Bitcoin SV

Analizując wykresy Bitcoin SV, można zauważyć, że ostatnio złamał wznoszący się klinowy wzorzec, przed dalszym osiągnięciem bliskiej pozycji do swojego długoterminowego wsparcia na 150 dolarów. W ciągu ostatniego miesiąca BSV testowało tylko raz 180 dolarów, po czym wycena kryptokurwaluty spadła bezpośrednio poniżej 170 dolarów.

W chwili obecnej jest całkiem jasne, że byczy sentyment Bitcoina ma mniejszy wpływ na Bitcoin SV, a w krypto-aktywie może pojawić się spadek płynności i wolumenów. W czasie prasy 50-Moving Average nadal napierał na ogólny opór wobec poziomu cen w czasie prasy.

W dłuższej perspektywie Bitcoin Pro miało jeszcze przełamać trend spadkowy (pomarańczowa linia) od połowy sierpnia. Możliwe, że BSV może konsolidować się powyżej trendu spadkowego po 1 tygodniu grudnia, ale odwrócenie tendencji oznaczałoby dalszą deprecjację i ewentualny spadek poniżej poziomu wsparcia na poziomie 150 USD.

Uzasadnienie rynkowe

Wskaźniki rynkowe również nie wykazywały poczucia zaufania. Wskaźnik Względnej Siły lub RSI wskazywał na brak aktywności ze strony kupujących, przy czym sprzedający sprawowali łagodną kontrolę na wykresach.

Ponadto, MACD sugerował kontynuację trendu niedźwiedziego od początku ubiegłego tygodnia, z linią Sygnałową unoszącą się nad linią niebieską.

Wreszcie, Awesome Oscillator był wysoce sugestywny dla zwiększenia niedźwiedziego pędu. W rzeczywistości, w czasie prasy, zbiorowa tendencja przesuwała się również w kierunku ożywienia, a BSV może również odzwierciedlać okres spadku.

Wniosek

Bitcoin SV nie miał byczych perspektyw na najbliższą przyszłość. Jego konsolidacja pomiędzy 165 a 150 dolarów była historią 2. połowy 2020 roku. Do końca 2020 r. może ona zakończyć się jeszcze niższą wyceną.

Bitcoin is climbing over $ 16k with little mainstream hype – and that’s extremely positive

Bitcoin price is stable above $ 16,000 after rising steadily since November 10th. Each dip was aggressively bought up, which allowed BTC to maintain strong momentum.

Still, there is little mainstream hype behind the rally. According to Google Trends, there is significantly less mainstream interest compared to the 2017 rally when Bitcoin Era hit $ 20,000.

The popularity of the keyword „Bitcoin“ in the Google search engine is 10 out of 100 possible points. In contrast, the popularity of the same search term reached 100 out of 100 in 2017.

Why Bitcoin’s price spike is bullish without mainstream hype

In the past two months, the price of BTC has increased by about 65%. The entire rally went without much interest from the mainstream, at least at Google Trends.

This ongoing trend points to three things that show a broader Bitcoin rally is likely to emerge in the medium term.

First, it shows that the capital tied up in the cryptocurrency market has flowed back into Bitcoin. It shows the growing confidence of investors who have likely secured their BTC holdings with stablecoins like Tether.

Second, it suggests that BTC still has a lot of headroom for a bigger rally as mainstream investors were absent during the recent uptrend. In 2017, when mainstream investors entered the cryptocurrency market, there was an explosive market-wide rally.

Third, it represents the trend that many on-chain analysts have highlighted – including Woobull.com founder Willy Woo. The ongoing rally is organic as there is no mainstream demand yet and it has been led by the spot market.

So if mainstream demand for Bitcoin picks up again, a bigger and more sustained upward trend could emerge.

Analysts rate the year-end result as positive

Cryptocurrency investor Nunya Bizniz points out the lack of interest from Google Trends when BTC was at $ 14,000.

Since then, BTC has risen about 15%, but mainstream interest has stagnated since then. Previously, Bizniz said:

Google Trends: ‚Buy Bitcoin‘ Interest in buying $ 14,000 last time compared to today. The sheep are still sleeping! “

A pseudonymous Bitcoin investor known as „Mr. HODL „, writes of a similar feeling:

“We’re at $ 16,000 with zero hype. That will be stupid. “

In addition to the low mainstream demand for Bitcoin, the on-chain metrics are favoring a BTC upward trend in the near future.

According to Glassnode, the number of senders‘ Bitcoin addresses has reached an all-time high. This shows a high level of user activity on the blockchain, which generally indicates strong fundamentals for the dominant cryptocurrency.

COVID-19 has made Bitcoin more attractive to investors

COVID-19 pandemic has increased investor interest in Bitcoin, reveals a survey by Grayscale

A survey conducted by Grayscale Investments indicates that the COVID-19 pandemic has increased investor interest in Bitcoin (BTC).
The company interviewed 1,000 U.S. consumers, ages 25 to 64, involved in investments of $10,000 or more. The survey was conducted between June and July of this year: 63% of those who had invested in Profit Revolution in the previous four months said the pandemic affected this decision, while 39% admitted that the pandemic made Bitcoin more attractive. Only 13% said that COVID-19 made cryptocurrency a less attractive asset:

„According to survey respondents, Bitcoin shares some attributes with investments in shelter assets. The scarcity of currency, its verifiable nature, its low correlation with global markets and the fact that it is not controlled by government organizations: all these factors make Bitcoin comparable to traditional shelter assets“.

Grayscale’s study therefore seems to support the theory that Bitcoin is an excellent shelter asset, already supported by many analysts. The survey also found that interest in BTC increases in parallel with the level of education: only 17% of respondents without a degree expressed interest in cryptocurrency, compared to 29% of those who had one.

One and a half years after the first JPM Coin announcement, JPMorgan Chase’s in-house stablecoin is now active and used by a leading international technology company for 24-hour cross-border payments.

According to a report published on October 27, this real-world demonstration that technology improves efficiency and reduces costs has strengthened the banking conglomerate’s confidence in the promise and profitability of the technology. Anticipating that other business customers will register to use the stablecoin, JPMorgan has created a business dedicated to digital currencies and blockchain.

The new business unit, called „Onyx,“ has more than 100 staff members and is led by Umar Farooq as CEO. Takis Georgakopoulos, head of JPMorgan’s Payment Division, explained to reporters:

„We are moving into a period of commercialization, moving from research and development to something that can become a real company.

In the wake of PayPal’s recent entry into crypto, incumbents‘ confidence that the blockchain can actually generate profits seems to be on the rise. The experiments and development with the technology carried out so far by JPMorgan can be divided into several key areas.

First, the institution is conducting since 2017 a pilot program for an Interbank Information Network based on blockchain, in which more than 400 participating banks and companies are involved. JPMorgan believes that the network, now renamed Liink, can offer significant efficiency savings for complex correspondent bank interactions in cross-border wholesale payments. JPMorgan itself is responsible for more than $6 trillion in cross-border wholesale payment flows per day in over 100 different countries.

In addition, the bank has identified the usefulness of the blockchain to innovate the obsolete system dedicated to processing „hundreds of millions“ of paper cheques.

The blockchain and digitization can completely eliminate the physical aspects of this exchange, offering a secure alternative. Georgakopoulos said that in a few months the commercial launch of a new blockchain system is planned:

„By using a version of the blockchain in which participants are the main issuers of cheques and major operators of safes, you can save 75% of today’s total cost to the industry, making the checks available within minutes instead of days.

Finally, JPMorgan relies on the blockchain for the creation of new payment channels for global central banks and their ever-evolving Central Bank Digital Currency. Pointing to China and Singapore, Georgakopoulos expressed his confidence that the probability of adopting a CBDC is „very high.