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Anthony Scaramucci: bitcoin will repeat Amazon's success Anthony Scaramucci, the founder of the SkyBridge Capital hedge fund, is confident that in the long term, the main cryptocurrency will be able to repeat the success of Amazon. According to the entrepreneur, bitcoin volatility will gradually decrease simultaneously with the massive acceptance of this asset by society. “Amazon now, 20 years later, is trading with more stability. It got a very big pop because of the pandemic, but just take a look at its long-term chart, and I think that will happen to bitcoin,” Scaramucci said. The total number of bitcoins is limited to 21 million coins. According to CoinDesk, about 18.66 million coins have already been mined. At the same time, about 15.5 million are in circulation, since access to wallets from 15% to 20% is considered completely lost according to various expert estimates. Cryptocurrency proponents see this as one of the prerequisites for the price of BTC to rise as demand continues to outstrip supply. Federal Reserve is confident that CBDC will not replace fiat The head of the US Federal Reserve System Jerome Powell expressed the opinion that digital currencies of central banks (CBDC) will not become a substitute for conventional money. CBDCs will coexist with them. According to Powell, not only the government, but also the private sector should be engaged in improving the global payment system. “CBDC needs to coexist with cash and other types of money in a flexible and innovative payment system,” said the Federal Reserve Chair. At the same time, experts from the Bank for International Settlements (BIS) conducted their research on the estimated future of global payments and the interaction of different CBDCs. BIS expects countries whose central banks will also start launching their CBDCs to continue to emerge, leading to interoperability issues between different digital currencies. Experts emphasize that CBDC will need to compete with those private stablecoins that already exist. In addition, the researchers announced the possible emergence of a global stablecoin, but whether it will be a digital dollar issued by the US Federal Reserve or another CBDC in BIS is not yet sure. Jack Dorsey sells an NFT tweet for $2.91M Twitter founder Jack Dorsey sold his first tweet in the form of a non-fungible token (NFT) for $ 2.91 million. He promised to convert the proceeds from the sale into bitcoin and donate to charitable foundation GiveDirectly. On March 6, 2021, Dorsey put up a post for sale with the text " just setting up my twttr” " as an NFT. According to the auction data, the lot was bought by the founder of Bridge Oracle, Sina Estavi, but the founder of Tron, Justin Sun, also actively participated in the auction. Jack Dorsey is considered one of the most famous Bitcoin proponents. The cryptocurrency division of the company he founded and manages, Square, has repeatedly invested in bitcoin and financed the developers of the first cryptocurrency. Earlier, the Canadian analytical company NonFungible predicted the growth of the NFT market by several times in 2021.

Messari thinks ETH can get ahead of BTC Ryan Watkins, senior analyst at analyst firm Messari, believes that ETH could displace BTC from the first place in the ranking of cryptoassets in terms of capitalization. This can happen after the transition to the second version of the Ethereum protocol. “The selling point of Bitcoin over Ethereum as a store of value asset boils down its monetary policy being very predictable and the Bitcoin blockchain being very secure. I think that with the shift to Eth2 and to proof-of-stake, [...] Ethereum may actually potentially be more secure than Bitcoin,” said Watkins. The analyst noted that a "massive and diverse" economy is based on the Ethereum blockchain. The actively developing direction of decentralized applications will attract new users faster than BTC, he is sure. Bank of America analyst: buying 1 BTC is "like owning 60 cars" Bitcoin is useless as a store of value or payment instrument. The only reason to become a holder of BTC is its growing price. This is the opinion of analysts at Bank of America, whose report is called "Little Dirty Secrets of Bitcoin." One of the authors of the report, Francisco Blanch, is confident that BTC cannot be a safe-haven asset due to the fact that it is not tied to inflation and has serious volatility. The analyst pointed out that about 95% of bitcoins are held by the owners of 2.4% of wallets, and this may become an obstacle to the global introduction of the crypto coin. “As such, the main portfolio argument for holding Bitcoin is not diversification, stable returns, or inflation protection, but rather sheer price appreciation, a factor that depends on Bitcoin demand outpacing supply,” said Blanch.

NFT searches hit a record high According to The Block Research, the number of searches for non-fungible tokens in the Google search engine has reached an all-time high. According to NFT Non-Fungible data for 2020, the industry has grown by 300% compared to the previous period, and the volume of this market has increased by about $ 250 million. The number of weekly users of NFT platforms also testifies to the growth of attention. Over the past week, it amounted to almost 400,000 people. Not only media and ordinary investors show interest in NFT, but also media personalities. Elon Musk previously announced his readiness to sell his NFT token for 420 million Dogecoin. A well-known financial consultant admitted that he was wrong with his bitcoin strategy Stock market star Dave Portnoy wrote on his Twitter page that he made the mistake of selling his BTC too early. In his words, the investor did not understand the dynamics of the growth and fall of the most popular crypto coin. Earlier, the founder of Barstool Sports acquired BTC for $1 million. However, he quickly became disillusioned with this asset and sold bitcoins at a price below $12,000. “I want to congratulate all my bitcoin people out there. When you're wrong, you're wrong. I fucking paper-handed, sold it. I fucking can't take bitcoin, the ups and downs. I wish I had it. I took all my money and I put it in what I think I know, and what I can control. I don't know bitcoin. I fucked up, ”Portnoy said in his video message to crypto enthusiasts. JPMorgan: retail investors are more interested in bitcoin than institutional ones Analysts at JPMorgan concluded that in the first three months of 2021, retail investment in BTC exceeded that of institutional investors. The latter began to buy less cryptocurrency. Analysts do not exclude that a decrease in the volume of investments from institutions may be one of the reasons that bitcoin could not stay above the $60,000 mark. According to JPMorgan, retail investors bought over 187,000 BTC, while institutional investors bought about 172,684 BTC. According to the Japanese investment company Mizuho Securities, about $40 billion of the $380 billion that American citizens will receive in the form of incentive payments can be invested in bitcoins and stocks.

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OKCoin plans to delist Bitcoin Cash and Bitcoin SV The largest cryptocurrency platform OKCoin has planned to delist Bitcoin Cash and Bitcoin SV. According to the CEO of Hong Fang, new users of OKCoin often come to invest in BTC, but by mistake, they buy BCH or BSV. Among other reasons for the failure of bitcoin forks - a controversial figure of the creator of BSV Craig Wright. The entrepreneur has already stated that it was he who created bitcoin. “This is not an easy decision. We had a choice and there is collateral damage, but we had to stand up for the bigger principle we believe in. On the one hand we feel very strongly about protecting the open-source ethos, but on the other, if we do something about it, that would conflict with our principle of being a neutral platform. We wouldn’t have changed that if it weren’t for Craig Wright posting these threats to the open-source dev community. We think these threats are very destructive to development and Bitcoin as a whole, "- Fang said.

Glassnode believes that "miners have reduced bitcoin sales, and investors are taking profits" According to the research company Glassnode, miners have begun to accumulate reserves in bitcoins. Long-term investors, on the other hand, are trying to get rid of their assets in order to lock in profits. The Glassnode report says that in January, miners were actively selling almost all of the mined BTC, however, in February, the volume of sales decreased significantly. This could mean that miners are hoping for an increase in the value of bitcoin. “This suggests that miners have either completed adequate sales to cover costs, or could also mean they see Tesla's vote of confidence as fair reason to keep a strong grip on their treasuries," analysts say. Analysts: 5 services store more than 50% of cryptocurrencies that were obtained illegally Chainalysis experts concluded that 55% of digital currencies that were obtained fraudulently or with the help of ransomware viruses are laundered through just 5 services. These services use about 270 unique deposit addresses. Analysts believe that the largest processors of illegally obtained crypto coins receive about $25 million a year. Serving such illegal transactions may be their main activity. Experts believe that suppressing the illegal activities of such deposit addresses will help shut down most of the infrastructure that now exists for laundering crypto assets.

Institutional investors prefer ETH According to CoinShares, the inflow of institutional investors' funds into the crypto market in the first week of the second month of the year amounted to $245 million. 80% of this volume was invested in ethereum. Analysts believe large investors are starting to diversify their crypto portfolios. They transfer part of the funds from BTC to ethereum, and other coins. At the same time, nothing indicates profit-taking. Investors buy and save cryptocurrency. “We think that investors looking for diversification are becoming more comfortable investing in ethereum. The inflow of funds into bitcoin is gradually decreasing, ” analysts noted. Bitcoin tested the $48,000 level The main crypto coin has updated the all-time high on the Binance crypto platform. It has risen above $48,000. During the day on February 9, the coin grew by 23%. Its market capitalization exceeded $892 billion. The value of BTC is breaking records amid news that Tesla has invested $1.5 billion in bitcoin. Representatives of the company said that in the "near future" it will accept payment in cryptocurrency. Well-known trader Peter Brandt wrote that despite the hype around digital gold, the uptrend in price "looks healthy compared to the end of 2017". Brian Brooks: Tesla's investment in bitcoin is awesome news Former head of the Office of the Comptroller of the Currency, Brian Brooks said the information about Tesla's investment in BTC is exciting news. Although, the ex-official believes, for those who have not previously invested in cryptocurrency, "it looks somewhat alarming". “That's crazy, right? The way inflation works is the more of asset you have the less valuable it is. That would explain why a lot of institutions want to have bitcoin sitting in their treasury because it's a lot more stable source of value over the long haul, potentially, ” Brooks said.

Opinion: Bitcoin will not hold at the $30,000 level Scott Minerd, chief investment officer of Guggenheim Partners, is confident that the price of the main cryptocurrency will be dropping. In a comment to Bloomberg, he said that he doubted BTC's ability to hold on to the $30,000 mark. “Right now, the reality of the institutional demand that would support a US$35’000 price or even a US$30’000 price is just not there. I don’t think the investor base is big enough and deep enough right now to support this kind of valuation, ” Minerd said. In his opinion, BTC will remain a viable asset in the long term, but in the near future, the pressure on the price of bitcoin may increase. Developing country regulators to issue government stablecoins in the coming time According to BIS (Bank for International Settlements) analysts, regulators from different countries are actively exploring the question of issuing government tokens. Their mass launch will be in developing countries, analysts say. In the third annual BIS survey, in which 65 central banks participated, 86% of those surveyed said they were considering the pros and cons of issuing their own cryptocurrencies. In 2020, this figure was 80%. About 60% of regulators are already experimenting with government digital currencies. “This research is evidenced by the launch of the first real government cryptocurrency in the Bahamas. Others are likely to join this pioneer. Central banks, which together represent a fifth of the world's population, are likely to issue general-purpose government cryptocurrencies in the next three years,” the report said. 8,000 BTC, which were mined about 10 years ago, belong to Coinbase Eight batches of 1,000 BTC each, which have been in motion for the first time since 2010, are owned by Coinbase or related companies. This version was published by the Goldfoundinshit Telegram channel. “Yesterday the next, eighth batch of 1,000 BTC, moved, which lay on the wallets broken by 50, has not moved since 2010. I have previously suggested that these bitcoins belong to Coinbase. Now I am absolutely sure of this, ” wrote the author of the channel. According to the results of the on-chain analysis, as before, 1,000 bitcoins were accumulated in tranches of 50 BTC at separate addresses from 20 wallets. “As you can see, first there is a consolidation of 20 wallets of 50 per address – 1,000 BTC then, this 1,000 is scattered in batches of 10 BTC into original ones, let's call them“ pockets ”for withdrawal. The same thing happened during the movement of the previous parties. Sometimes one or two transactions with large amounts of BTC went from a wallet with 1,000 BTC, apparently for some VIP users, ” the author noted.

Over the week, the flow of funds to the cryptocurrency market reached $1.3 billion The inflow of funds into investment products based on cryptocurrencies last week reached a record $1.31 billion, according to the digital asset management company CoinShares. “We believe investors have been very price conscious this year due to the speed at which prices in bitcoin achieved new highs,” said investment strategist James Butterfill. CoinShares analysts believe that the new high may be related to the recent drop in the price of BTC. It is likely that investors took advantage of the decline in the exchange rate in order to buy cryptocurrency at a profitable price. Lloyd Blankfein: BTC prevents authorities from controlling the financial system According to Lloyd Blankfei, the former CEO of Goldman Sachs, the authorities are obliged to tighten regulation of the cryptocurrency industry due to the rapid growth of this direction. The businessman pointed to the "pseudo-anonymity" of digital assets, which makes bitcoin a convenient tool for financing illegal activities. “You don't know whether or not you're paying the North Koreans or Al Qaeda or the Revolutionary Guard. If I were a regulator, I would be kind of hyperventilating at the success of it at the moment and I'd be arming myself to deal with it, ”Blankfein said. In his opinion, the duty of regulators is to limit the freedom that digital coins provide. At the same time, Blankfein doubts that after the tightening of control and, as a result, the loss of anonymity, bitcoin will continue to be in great demand.

Criminals moved XRP stolen on Livecoin to KuCoin platform The fraudsters transferred XRP stolen from the Livecoin crypto exchange to the KuCoin platform. Representatives of XRP Forensics wrote about this on Twitter. They asked the KuCoin administration to freeze these transactions and contact them for more information. Earlier it became known that 106 BTC, 361 ETH and 236 BCH were stolen. A chat has appeared on Telegram for the affected Livecoin traders from Russia, where they share information about the situation with the hacking of the crypto exchange. Some of the users have already contacted the police. CryptoQuant claims that investors withdrew $ 2.5 billion in ETH from exchanges in two days According to CryptoQuant, the number of Ethereum on crypto exchanges has dropped sharply over the past two days. The company reports a decrease in stock exchange balances from 11 million ETH to 8.1 million ETH. The founder of Nuggets News, Alex Saunders, does not exclude that if the trend continues in 10 days, ether will disappear altogether on trading platforms. However, other sources do not confirm these concerns. Ethereum exchange balances have remained largely unchanged since the rise in late 2020, according to Glassnode. “This is nonsense. Who'd really think that a sudden drop of 2M+ #ETH are actual withdrawals from an exchange? Nothing unsusual has happened, exchange flows are completely within their normal range. Current balance: 16.3M ETH», the technical director of Glassnode Rafael Schulze-Kraft tweeted.

Not only COVID-19 year, but the most successful since crypto winter The Coronavirus did not make any effort to prevent crypto enthusiasts from trading. According to Mass Media, 2020 turned out to stay quite successful in the context of assessing the size of investments in cryptocurrency projects. Crypto companies did their best to raise about $ 3.1 billion. All in all, it took near 800 transactions to reach the score. Despite serious downgrade of players activity during the first half a year, the situation has slightly changed by the end of 2020. For example, BAKKT finished trade round with 300 million dollars in total. The majority of funds came from M12, PayU system, CMT and The Boston Consulting Group. Francis Suarez, the mayor of Miami, Florida, declared BTC as a stable investment portfolio If you have never heard about this man before, now it is high time. The official said: "Great insight into how Bitcoin has been a stable investment during and incredibly unstable year." The mayor wrote that he learned about BTC from Tyler Winklevoss and Anthony Pompliano. And «Pomp» has declared Miami is on its way to become Bitcoin city, whatever it means. So, for now crypto educated politic states Miami truly can be the first crypto-friendly city across the whole country. No doubt that South Florida takes its leadership to proceed crypto industry, based on advanced technologies. Suarez also said that he was reading the book "Bitcoin Billionaires", which was authored by Tyler Winklevoss.

Robinhood is accused of manipulating inexperienced Investors The Massachusetts authorities have filed a lawsuit against the fintech company Robinhood, which has developed a popular securities trading application. The company was accused of prompting inexperienced users to take risky trades and failed to protect customers from technical glitches in the application. Robinhood, according to the US state, violated new local law. It obliges investment brokers to prioritize their activities in the interests of clients. However, Robinhood, according to the regulator, has provided hundreds of Massachusetts users with no investment experience the ability to trade options. They won approval despite the company's stated policy of screening clients for experience before allowing them to buy and sell options. The company now faces fines. American Express has invested in a crypto trading platform The venture branch of American Express has invested in a crypto trading platform for institutional investors, FalconX. Since the end of the last investment round in May 2020, FalconX has grown by 350% in revenue. According to its own data, the company serves 250 institutional clients. The trading platform's transaction volumes reached about $3 billion per month. “We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said FalconX CEO Raghu Yarlagadda. FalconX offers institutional clients the ability to access cryptocurrency markets through a single platform for trading, lending and clearing.

Bitcoin price correction continues, dashing hopes of $20K in 2020 Bitcoin will probably not reach $20,000 this year if a key technical price level isn't reclaimed soon. Bitcoin continues to be in correction mode with its price dropping below $17,600 on Dec. 11, the lowest level since November. Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than 10% since touching a new all-time high ten days ago. Meanwhile, some recent news namely the proposed crypto regulation in the United States is bringing fear to the otherwise euphoric market. SEC Commissioner: authorities must abandon excessive regulation of crypto market Regulators need to find acceptable options in order to finally accept the principle of personal freedom of citizens, embodied in the very concept of digital currencies. Also, the authorities must abandon the idea of excessive control over the crypto industry, said SEC Commissioner Hester Peirce. In one of her recent speeches, she noted that the digital asset market and the sector of decentralized finance creates certain difficulties for the authorities. Regulators, however, should not restrict industry development with excessive regulatory requirements. “If we were instead to steamroll the technology’s liberty-enhancing features under the weight of regulation, we would lose a lot of the power of the new technology to afford opportunities to people whose autonomy has previously been curbed by, for example, limited access to the traditional financial system, geographic location, social standing, or subjection to a repressive government,” Peirce said.

The largest software manufacturer intends to invest another $400 million in the purchase of BTC MicroStrategy, a software manufacturer, wants to raise $400 million for investing in Bitcoin. Previously, the company invested $475 million to purchase the main cryptocurrency. The software manufacturer has released a statement about plans to issue convertible bonds. The maturity date for them is set until December 15, 2025. The securities will be available only to qualified institutional investors. In 2020, MicroStrategy bought BTC several times. In August, the manufacturer invested $ 50 million in the first crypto coin. The next month, the share of the company's crypto assets increased by another $175 million. In early December, Michael Taylor, the CEO of MicroStrategy, wrote on Twitter that the company acquired 2,574 bitcoins for $50 million. Currently, the software manufacturer owns 40,824 BTC. One of the Ripple creators sold almost 30 million XRP Jed McCaleb, one of the founders of Ripple, sold another 29.5 million XRP. After leaving the Ripple project, the businessman received 9 billion XRP tokens. Six years ago, he announced that he plans to liquidate these crypto assets. After a lengthy conflict with Ripple Labs over this, McCaleb entered into an agreement with former partners. According to the document, the entrepreneur was able to sell XRP by tying them to the global trading volume. Under the terms of the agreement, McCaleb was entitled to sell up to 1.5% of the world's XRP trading volume daily. It is important to consider that XRP reached a new all-time high in November. Therefore, the speed with which an entrepreneur began to get rid of crypto assets could negatively affect the market. “After the radical increase in XRP volume (according to CMC) it only made sense that Jed would increase his sales, as per his deal with Ripple. Today 9.9 million XRP were sold, making it a new ATH of Jed sales. At this rate, Jed's 3.836B will run out after 387 days”, says cryptoexpert Leonidas Hadjiloizou, ”said Leonidas Hadzhiloizu. McCaleb owns about 3.7 billion tokens.

Trading activity related to cryptocurrencies is breaking records Another rise of Bitcoin, as well as the recent launch of the zero phase of Ethereum 2.0, led to records of trading activity on the Binance crypto platform. This is stated in the report of the exchange. At the end of November, platform analysts stated a historical maximum of the trading volume within 24 hours. It was $ 37 billion. Binance's cumulative turnover reached $ 50 billion last month. Serious activity in the market was facilitated by the entry of the BTC value to the next historical maximum in the spot market. Over the past month, bitcoin has grown by almost 40%. Its capitalization has surpassed the $350 billion mark. ETH miners earned more in November than in October Ethereum miners' profits increased significantly last month compared to October. It amounted to $262 million. However, this figure is still lower than the August and September levels. A significant portion of the profits for Ethereum miners came from transaction fees. The growth of this type of income is associated with the development of the direction of decentralized financing and the number of transactions. In November, miners earned $62 million thanks to transaction fees. In September, ETH miners earned $321 million. 50% of this amount is made up of transaction fees.

Bitcoin has strengthened and again began its run for $20,000 Yesterday, the value of the main cryptocurrency reached its maximum in 3 years. BTC broke the $19,860 mark. OTC trading platforms noted a significant increase in trading volumes, mainly due to large investors. The Genesis platform reported a six-fold increase in volume compared to a record high in 2017. Investors have become active on specialized platforms, preferring them to messengers. The trading volume on the derivatives market on the Genesis platform reached $600 million in a week. The Galaxy Digital platform has seen similarly rapid growth. Ethereum 2.0 finally launched After several years in the making, the genesis block of the Ethereum 2.0 beacon chain has finally seen the light of day. The upgrade to the second-largest cryptocurrency by market cap was launched as planned, at just after 12 pm UTC on Dec. 1. The launch suffered no hiccups and immediately reached the required stake participation rate to finalize the blockchain. The biggest change is the introduction of a proof-of-stake consensus to the network, which has previously been purely based on the same proof-of-work consensus as Bitcoin. The transition to PoS paves the way for future planned upgrades to be implemented, such as sharding to improve scalability. The launch will be especially welcomed by those in the decentralized finance community. The explosion of DeFi during 2020 saw a huge increase in traffic and gas fees on the Ethereum network.

Bitcoin keeps dropping The main cryptocurrency has continued to decline over the past couple of days. On November 27, BTC fell to $16,915. Bitcoin capitalization fell to $313 billion. Nevertheless, crypto experts advise not to panic because of the fall of BTC and a number of other popular crypto coins. NEXO co-founder Anthony Trenchev believes the pullback was needed due to the overheated market. But in the long term, nothing will prevent Bitcoin from repeating its record three years ago and reaching $20,000. OECD will present international cryptocurrency tax regulations in 2021 The Organization for Economic Co-operation and Development is preparing to present general tax reporting rules for digital assets. This could happen as early as 2021. According to the head of the OECD Center for Tax Policy Pascal Saint-Amans, the innovations will be similar to the existing standards for combating tax criminals. The OECD hopes that the European Commission will pay attention to the solutions proposed by the organization, as they will meet the requirements of European regulators. Earlier, the European Commission initiated amendments to the EU legislation to combat financial offenses. Until December 21, the organization plans to collect proposals from experts on an initiative aimed, among other things, at tightening control over crypto operations. Deloitte: many financial institutions are ready to spend more on blockchain implementation According to preliminary results of the Deloitte survey on the prospects for the industrialization of financial services, 27% of companies surveyed expect a "small increase in costs" on blockchain and distributed ledger. 14% of respondents intend to significantly increase the item of development costs. Another 33% of the survey participants said that investments will remain at the same level, and 27% intend to slightly cut costs. The survey was conducted among 800 top managers of banks, investment companies, hedge funds, payment services, and insurance companies. According to the survey, blockchain turned out to be the No. 2 technology in popularity among financial market players, the costs for which can be increased. Cloud solutions have become the most demanded direction for development.

Ripple grows 60% in price in three days XRP, the third-largest cryptocurrency in terms of capitalization, gained 63% in price in three days and came close to $0.5 per coin. On Sunday, the token price reached $0.49567, which was a record high since June 2019. XRP has more than doubled in price since early November. Other major cryptocurrencies are also in positive territory: Ethereum and Litecoin added 32% in value in 7 days, Cardano showed more than 50% growth, and Stellar - 37%. Altcoins are strengthening in price amid BTC rate approaching its historical maximum. The main cryptocurrency traded at $18,945 last Saturday, less than $1,000 below its all-time high of $19,891. Research: BTC price volatility is lower than that of many stocks Investment management company Van Eck has published a study showing that bitcoin is less prone to fluctuations than a quarter of S&P 500 stocks. Since the beginning of the year, quotes of 29% of stocks have shown greater volatility than the first cryptocurrency, and 22% - over the past 90 days. Although Bitcoin is considered a “nascent and volatile asset outside of the traditional stock and capital markets” reality shows that it trades with volatility comparable to the world's largest stocks, analysts say. Grayscale: investors seek in Bitcoin protection against inflation According to Michael Sonnenschein, managing director of Grayscale Investments, Bitcoin is no longer a temporary phenomenon. Investors no longer believe that BTC has failed as a currency as we don't use it to buy a cup of coffee. The coronavirus pandemic this year has become another key factor for the flow of funds into cryptocurrency, he said. “I think investors understand today that buying Bitcoin and putting it in their portfolio is meant to be a store of value, inflation hedge, a digital gold, a digital form of money that is much better suited to the digital world we live in today versus historical stores of value like gold which would have been certainly much more applicable to a world characterized by physical exchanges. They view it as one of the most important next steps in the evolution of money and what constitutes a store of value,” Sonnenschein said. Grayscale manages nearly $11 billion in cryptocurrency.

Bitcoin Cash network again split into two On November 15, a hard fork took place on the Bitcoin Cash network — the network split into Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA). Earlier, the BCHA developers proposed an updated version of the protocol, according to which 8% of miners' profits will go to finance the development of the network. The update was opposed by the BCHN community, which removed the "miner tax" from the source code of their network. As of the evening of November 15, the computing power of the BCHN blockchain was 1.12 EH/s, and BCHA - 0.094 EH/s, that is, 11 times lower. Most major exchanges have indicated they will support the longer chain, i.e. Bitcoin Cash Node. $2.3 billion in BTC was withdrawn from exchanges in a month From October 15 to November 15, exchange reserves in bitcoins fell from 2.5 million to 2.355 million coins — the lowest level since August 2018. During this time, users withdrew about 145,000 BTC worth of $2.35 billion, according to the CryptoQuant portal. During the same period, miners mined about 27,000 BTC, which is 5 times less than the amount withdrawn from the exchanges. “This aggressive accumulation trend seen in the Bitcoin market shows that investors anticipate a prolonged post-halving uptrend,” said Cointelegraph analyst Joseph Young.

Bitcoin price updated a 15-months maximum On Wednesday night, the first cryptocurrency rose in price to $13,200, which became a record value since July 2019. Over the past 24 hours, bitcoin has gained 5.90% in price, and has strengthened by 14.50% over the week. The active stage of growth began after the announcement that PayPal would support cryptocurrency. The share of bitcoin in the cryptocurrency market has also increased, at the moment reaching 61.67%. At the same time, market capitalization exceeded $394 billion, having updated a maximum of two and a half years. 10% of bitcoins haven't moved in over 10 years According to the Glassnode service, 1.8 million BTC have not moved in over 10 years. At the moment, the bitcoin supply is about 18.5 million BTC, which makes almost 10% of the mined coins inactive. Today, the total value of sleeping bitcoins exceeds $23 billion. Most of these coins may belong to the creator of the cryptocurrency Satoshi Nakamoto, who has remained silent since 2011. It is estimated that Nakamoto owns 1 million coins that have been inactive since mining. In May, coins minted in February 2009 suddenly began to move. The owner sent 50 BTC to two different addresses without giving any reason. State Duma representative predicts the timing for testing of the digital rouble Anatoly Aksakov, head of the Russian State Duma Committee on the financial market, expressed the opinion that testing of the digital rouble will begin next year. “I know that many serious businessmen are preparing to issue digital assets. The Central Bank took a big step forward by announcing that it is starting consultations on digital assets. I am sure that there will be testing of the digital rouble, perhaps as early as next year,” the official said during his speech at the Blockchain Life 2020 forum. He emphasized that he is in dialogue with cryptocurrency companies that offer their solutions in the field of market regulation. According to Aksakov, in power structures "everyone understands how important it is to develop blockchain technology, but there are different points of view."

ETH 2.0 deposit contract may be launched this week ConsenSys developer Ben Edgington announced that the Ethereum 2.0 deposit contract will be launched "in the coming days." It will allow transferring coins between Ethereum and Ethereum 2.0. This is one of the few remaining updates required to launch the second version of the web. Genesis block ETH 2.0 will appear within 6-8 weeks, according to the developer who clarifies that this is "not an official statement." "Meanwhile, be careful out there. Many fake deposit contracts and Launchpad front-ends will erupt in the coming days. Look out for the official announcements: do not send Eth to random contracts; this is not DeFi,” Edgington warned. The BTC rate has come close to $12,000 On October 20, the bitcoin price rose to $11,930, which became the highest value since the beginning of September. In 24 hours, the first cryptocurrency went up by 2.8%, and in two weeks it added more than 11% in price. The bitcoin dominance index in the cryptocurrency market rose to 59%. Earlier, the BTC hashrate once again updated its historical maximum. In addition, the trading volume of the first cryptocurrency jumped sharply in relation to altcoins - to a three-year peak. At the same time, the altcoin market capitalization decreased by 4.8% over the week. Large investors withdraw ethereum from exchanges Santiment analysts noticed that Ethereum whales are withdrawing coins from exchanges. Over the past two months, the amount of ETH on the largest exchangers' wallets has decreased by 20.5%. This indicates "price confidence on the part of leaders," Santiment writes. A similar trend is noted by the Glassnode service, according to which the volume of ethereum on the exchanges fell to a minimum of nine months. At the same time, the number of addresses with a balance of more than 32 ETH has reached a historic peak - this is how many coins are needed for staking on the Ethereum 2.0 network.

OKEx has suspended the withdrawal of cryptocurrencies OKEx, the world's second largest crypto exchange, has suspended the withdrawal of all cryptocurrencies for an indefinite period. The platform representatives said that one of the private key holders " currently cooperating with a public security bureau in investigations/" OKEx plans to resume withdrawals of digital assets "immediately" as soon as the key holder "can authorize the transaction." OKEx said it decided to suspend withdrawals under the terms of service, but added that these events "will not affect" the security of customers' assets. The head of the exchange, Jay Hao, noted that the cooperation of the key holder with officials is associated with a "personal problem" and the investigation will not affect the business. Chinese media Caixin reported that OKEx co-founder Star Xu was detained by the police at least a week ago and has not been seen since. Institutions can cause Bitcoin shortages in the market In recent months, there has been a significant surge in demand for bitcoin from institutional investors. 10T Holdings co-founder Dan Tapiero believes this could lead to a BTC shortage over time. Along with investments in bitcoin from Square, MicroStrategy and Stone Ridge, the investment fund Grayscale reported record inflows. In the third quarter of 2020, the company's bitcoin trust received $1.05 billion in investments. This marked the first quarter with over $1 billion in investments, which indicates record high demand from institutional traders. Based on these data, the fund buys about 77% of all coins mined by miners. “Shortages of Bitcoin possible. Barry's Grayscale Trust is eating up BTC like there is no tomorrow. If 77% of all newly mined turns into 110%, it's lights out. Non-miner supply will get held off market in squeeze. Shorts will be dead. Price can go to any number, ” said the businessman.

Fidelity Investment: BTC capitalization will reach $1 trillion Fidelity Investment, one of the world's largest asset management companies, has published a report on investments in Bitcoin. It demonstrates how much profit managers could get if they invested part of their portfolio in bitcoin. The company also noted that in the near future, interest from institutional investors could increase the market capitalization of BTC by hundreds of billions of dollars. The bond market is valued at about $50.3 trillion. If bitcoin captures just 1% of this market, its capitalization will grow by $500 billion. The report argues that steadily declining bond yields could prompt financial managers to seek alternative assets. According to the most optimistic forecasts of Fidelity analysts, the capitalization of bitcoin could grow to $2 trillion. With the current supply of 18.5 million coins and an average market price of $11,415, this will send the rate to $108,000. Binance CEO: Chinese and US Presidents Could Spur Bitcoin Rally Changpeng Zhao, CEO of the crypto exchange Binance, , commented on the tweet of the US President, in which he hinted at the imminent adoption of stimulus measures to support the economy. According to Zhao, in the coming days this could provoke an increase in the bitcoin price. In addition, Chinese President Xi Jinping may issue a statement on the blockchain on October 14. Last year, this caused the price of BTC to rise by 30% in a day, and a number of altcoins grew in price by 50-100%. “We will likely have two of the world's most powerful presidents pump crypto for us in 2 consecutive days. Rumor has it that a blockchain related announcement is coming out of China tomorrow, ”Zhao said on October 13.

BitMEX CEO Arthur Hayes steps down after accusations BitMEX has announced a complete change of leadership. Earlier, the US authorities charged the founders of the exchange with illegal use of an unregistered trading platform and failure to comply with anti-money laundering requirements. BitMEX operator 100x Group announced that exchange co-founders Arthur Hayes, Samuel Reed and Ben Delo will step down from senior positions in the company. Business Development Manager Greg Dwyer is taking a vacation. Vivienne Khu will be the interim CEO. Previously she held the position of Chief Operating Officer of 100x Group. “These changes to our executive leadership mean we can focus on our core business of offering superior trading opportunities for all our clients through the BitMEX platform, whilst maintaining the highest standards of corporate governance,” said David Wong, chairman of 100x Group, in the post,” commented David Wong, Chairman of 100x Group. The value of tokenized bitcoins WBTC reaches $1 billion The recent DeFi boom has resulted in a 900% increase in the total locked value (TVL) of tokenized Wrapped BTC. At the moment, the figure exceeds $1 billion. The current TVL of all tokenized bitcoins is almost $1.5 billion, of which one third falls on WBTC. Wrapped Bitcoin is now the fifth-largest DeFi protocol in terms of TVL, accounting for nearly 10% of the sector-wide locked capital. Wrapped Bitcoin allows users to block BTC in exchange for WBTC, an ERC-20 token pegged to Bitcoin. This enables BTC holders to access the Ethereum-based decentralized finance ecosystem, using bitcoins as collateral. Capitalization of the DeFi sector falls by 25% in a day The DeFi market experienced a sharp decline: on October 7, the total capitalization of assets fell by 25%. Santiment analysts estimate that daily trading volumes for DeFi tokens fell 30%, while recent market leaders Sushi (SUSHI), Uniswap (UNI) and Yearn Finance (YFI) lost 51%, 38% and 31% in value over the week. respectively. “The crypto market has been engulfed in a sea of red this week, with most DeFi blue chips recording double digit losses over the past 7 days,” analysts wrote. They also noticed that large players began to accumulate some of the assets.alytical portal Cryptowisser reports. Basically, the list includes centralized sites. Compared to last year, the figure is up 56% and "there are no signs of decline." While the crypto industry continues to show impressive growth, the cryptocurrency exchange industry is facing high competition and regulatory requirements, analysts write. According to the report, exchanges are most often closed on their own, due to hacks or at the request of the authorities. The positions of centralized exchangers have also been hit hard by the development of decentralized exchanges. “For a new centralized exchange to flourish, it will likely need to have some form of unique edge that is not already on the market today,” notes Cryptowisser.

John McAfee arrested in Spain on tax evasion charges John McAfee was arrested in Spain on tax evasion charges, according to the US Department of Justice. He will be extradited to the United States. The businessman faces more than five years in prison on the charges brought against him. On the same day that McAfee was detained, the US Securities and Exchange Commission (SEC) sued him for promoting initial coin offerings (ICOs). The businessman allegedly misled investors by not saying that he was receiving money for advertising projects. According to the SEC, McAfee received over $11.6 million worth of BTC and ETH for promoting seven ICOs in 2017 and 2018. He also raised $11.5 million in promotions. John McAfee got a lot of fame in the cryptosphere after promising to "eat his own dick" if bitcoin does not rise to $ 1 million by 2021. Later, the founder of the McAfee antivirus said that "only an idiot would believe" in this prediction. At the moment, McAfee's Twitter has more than 1 million subscribers. 75 crypto exchanges closed in 2020 Analytical portal Cryptowisser reports. Basically, the list includes centralized sites. Compared to last year, the figure is up 56% and "there are no signs of decline." While the crypto industry continues to show impressive growth, the cryptocurrency exchange industry is facing high competition and regulatory requirements, analysts write. According to the report, exchanges are most often closed on their own, due to hacks or at the request of the authorities. The positions of centralized exchangers have also been hit hard by the development of decentralized exchanges. “For a new centralized exchange to flourish, it will likely need to have some form of unique edge that is not already on the market today,” notes Cryptowisser.