Most friendly of all? These may be the best places for cryptomorphs

The level of freedom the US has provides an argument for the country as the most cryptomore-friendly place, although Puerto Rico also has its benefits.

Most friendly of all? These may be the best places for cryptomorphosis in the world.
As a thriving industry under the age of 13, cryptomeda has had its share of regulatory repression and change, especially in the United States. Jake Yocom-Piatt, co-founder of Decred, however, sees the nation as the most crypto-friendly.

„Cryptomorphs are treated as personal property in most jurisdictions, so their tax treatment is relatively uniform,“ Yocom-Piatt said. He continued:

„Cryptomote transactions are a form of expression, so the states where freedom of expression is protected are the ones that least restrict cryptomaps. Although the United States currently suffers from many substantial sociopolitical problems, the combination of its freedom of expression with protections against forced disclosure of passwords makes it the most crypto-friendly country in the world. ”
Since 2017, the cryptomaniac industry has suffered a series of regulatory actions from US regulators, ranging from lawsuits against initial currency offerings to charges against companies like BitMEX. The country’s Department of Justice also recently released regulatory parameters for cryptomorphs.

Earlier this year, US Congressman Tom Emmer Bitcoin Blueprint expressed concern about the US undermining innovative progress amidst its lawsuits and requirements. Yocom-Piatt’s view of the US as the most cryptomore-friendly country, however, sees the situation from a different angle, looking at the country’s freedoms rather than its restrictions.

Meanwhile, Rob Viglione, co-founder and CEO of Horizen, told the Cointelegraph, which sees Puerto Rico as the best for cryptomorphs, although he answered the question in light of the best cryptomorph location for Americans. „I will name a country that is not always recognised as a country and is underestimated as a cryptomorphic hotspot: Puerto Rico! He added:

„For Americans, Puerto Rico is by far the most cryptomore-friendly jurisdiction when you consider special tax decrees, such as Acts 20 or 22, which reduce effective tax rates.
The U.S. Internal Revenue Service issued guidelines on the taxation of digital assets for its citizens in 2019, although it brought more questions. Other updates have also occurred, including changes to cryptomime tax reporting forms.

Another complicated component of US cryptomime taxation: Cryptomime is not seen as property, so users must report all transactions as a gain or loss, unlike similar exemptions. But leaving aside fiscal aspects, Puerto Rico has a strong cryptomone scenario, according to Viglione:

„Saving on taxes is great, but what really makes Puerto Rico stand out is the explosion of the world’s most vibrant cryptomorphic community because of it. Many of the industry leaders, entrepreneurs and developers have chosen Puerto Rico as their new home. ”
Kosala Hemachandra, founder and CEO of MyEtherWallet, also recently gave his opinion on what he considers the best region for cryptomorphs. Hemachandra said people’s views on a good atmosphere for cryptomoreds may be subjective. He also mentioned the importance of a global presence of cryptomorphs.

Grayscale Investments manages over $ 9 billion in crypto assets

Grayscale Investments now manages over $ 9 billion in crypto.

The Bitcoin Trust is by far its most popular investment fund.

The increased interest of investors was accompanied by a strong market recovery.

Digital asset management firm Grayscale Investments has revealed that its assets under management have exceeded $ 9 billion. It also suggests that the future holds much higher growth.

Digital asset management firm Grayscale Investments provided an update on its holdings, which now exceed $ 9 billion. The company increased its already sizable holdings in 2020, buying almost 20,000 BTC in the week following the halving.

Net AUM: Grayscale Investments

Barry Silbert, founder and CEO of parent company Digital Currency Group, also noted the sharp increase in interest in crypto. Silbert tweeted shortly after the update that Grayscale added $ 500 million to assets under management in one day.

This rising investment is a sign of a migration to the crypto market on the part of historical investors and large corporations. Several companies, including Jack Dorsey’s Square company, have invested their reserves in bitcoin.

Microstrategy has invested over $ 400 million in Bitcoin Investor review. Company CEO Michael Saylor has repeatedly spoken of bitcoin’s security as a hedge after he was skeptical at one time about the asset class.

Grayscale performance improves across the board

Since the start of the year, Grayscale has increased its holdings. The company’s bitcoin fund now stands at just over $ 7.6 billion, making it by far its primary investment vehicle. The trust grew by $ 1.6 billion in the first half of 2020 alone.

It is followed by the Grayscale Ethereum Trust, which manages $ 1.1 billion in assets, slightly less than the bitcoin trust. It is nevertheless one of the best performing options for Grayscale this year, with over 58 million added this year. Ethereum has grown 237% year-to-date.

With Ethereum 2.0 on the horizon, investors are hopeful that the profit potential will be greater in the future. Other trusts are far behind bitcoin and Ethereum, but have still seen tremendous growth. Next are Ethereum Classic and Bitcoin Cash Trusts, with $ 64.8 million and $ 46 million in assets under management, respectively.

Quand le Financial Times admettra-t-il la défaite contre Bitcoin?

Le Financial Times n’aime pas Bitcoin . Ou crypto-monnaie . Ou quoi que ce soit en dehors de sa sphère bancaire traditionnelle. Ce n’est peut-être pas surprenant étant donné que le journal a 132 ans et s’adresse à une foule particulière, mais si certains de leurs arguments sont légitimes, ils sont si souvent si dédaigneux d’un ou d’autres aspects de Bitcoin Superstar qu’ils vous rappellent le ‚ le vieil homme crie au mème de Bitcoin.

Bitcoin Halving Piece a révélé un manque de compréhension

Un tel exemple est centré sur la „ couverture “ de la réduction de moitié du Bitcoin par le Financial Times en mai . Le jour de la réduction de moitié, le journal a publié un article qui rejetait les discussions sur la réduction des récompenses entraînant une hausse des prix sur la route, malgré l’histoire suggérant le contraire.

Après avoir admis que le modèle déflationniste était «assez astucieux», l’écrivain a ensuite sapé sa connaissance du Bitcoin en liant sa rareté inhérente aux centaines de fourchettes Bitcoin:

… Il n’y a pas de rareté dans le nombre de crypto-monnaies copieuses, ce qui sape l’idée de rareté en bitcoin.

En mettant cela de côté, lors de la discussion sur la réduction de moitié, l’article du Financial Times était plein de moquerie à l’égard de ceux qui prédisaient que la réduction de moitié devait agir à nouveau comme un catalyseur de prix, en plaisantant en disant: «Les frères semblent toujours espérer que la réduction de moitié , le prix montera en flèche. »

Eh bien, le prix a certainement augmenté – le jour de la réduction de moitié, il était évalué à 8 500 $ et s’élève aujourd’hui à 11 845 $. C’est une augmentation de 39%. Sur les marchés traditionnels, cela compterait certainement comme une poussée, mais comme nous parlons de Bitcoin, nous allons simplement glisser cela sous le tapis parce que cela ne correspond pas au récit, oui?

Le Financial Times trouvera toujours une excuse pour écraser Bitcoin

La question devient, à quel moment le Financial Times admettra-t-il que leur schadenfreude et leur scepticisme sont déplacés? Que doit faire Bitcoin pour gagner un sursis – briser des sommets sans précédent, atteindre 100000 dollars, guérir le coronavirus?

Il s’est remis du krach boursier de mars d’une valeur de 238% – s’il était vraiment un actif aussi sans valeur que le prétend le Financial Times, il serait sûrement mort sur-le-champ? Et que se passera-t-il si la prophétie se réalise, si le Bitcoin «bondit»? Ils trouveront une autre excuse pour l’attribuer, une autre façon de le dénigrer.

Huit semaines seulement avant de rejeter prématurément Bitcoin, le Financial Times essayait de digérer une baisse de 39% des ventes alors que Bitcoin rebondissait après son crash de mars.

Je sais ce que je préfère tenir, et ce n’est pas l’ancien papier rose.

Closing the Gap: The Effect of GCE’s Bitcoin Futures on Bitcoin Price

Although WEC’s Bitcoin futures trading products do not deal with the actual Bitcoin, they indirectly affect the free market price.

The price of a real Bitcoin in the open crypt market, known as BTC spot, fluctuates based on a number of factors, such as trading volume, usage and adoption. However, other catalysts affect the asset indirectly. The Chicago Mercantile Exchange’s cash-settled BitQT futures trading products are a highly referenced indirect element that contributes to the direction of Bitcoin (BTC) prices.

„The Bitcoin derivatives products offered by CME are simply a vehicle for reputable investors to make sophisticated, risk-compensation trades that would otherwise be inaccessible to them,“ Shawn Dexter, a decentralized finance analyst at Quantum Economics – a market analysis company – told Cointelegraph on October 8. „This leads to an impact on price in both the short and long term.
CME’s Bitcoin futures trading at its simplest

At the height of Bitcoin’s biggest rally to date, the CME launched the Bitcoin cash-settled futures trade on December 17, 2017. Cash-settled futures, however, do not involve any cash BTCs. They simply allow traders to bet on the Bitcoin future price without using the underlying asset.

Five cryptoexchanges hold 10% of the entire Bitcoin supply

For example, let’s say the Bitcoin spot price is $10,000 per BTC at the beginning of the month and ends that month at $11,000. Buying a Bitcoin CME futures contract (equivalent to the price of five Bitcoins) when the BTC price is $10,000 and holding it until the end of the month means the trader will receive $55,000 in cash at the end of the month, not the actual Bitcoin.

Since trading doesn’t involve actual sales or purchases of Bitcoin, these futures products may logically seem like they shouldn’t impact the Bitcoin spot price. In reality, however, these futures do influence the price of Bitcoin, according to Dexter:

„In the short term, any impact on the price caused by a major purchase in the futures market will quickly be arbitrated in the spot market, causing prices to converge. But this could also happen if the major purchase occurs in the spot market first.

Sometimes Bitcoin trading is done at variable prices on different exchanges based on events, order book demand and other factors. If there’s a large enough price discrepancy, a trader could buy BTC at a lower price on one exchange and sell it at a higher price on another. This activity is called arbitrage.

The Bitcoin price on CME futures would probably increase significantly if someone bought a large number of Bitcoin futures contracts on CME. This doesn’t directly move the Bitcoin spot price, although eager traders would then go buy or sell Bitcoin spot at a cheaper price as an arbitrage opportunity, driving up the spot price in tandem, according to Dexter. This concept works for a number of scenarios between WEC and the Bitcoin spot price.

Over a longer time horizon, Bitcoin’s CME futures trading products affect the Bitcoin spot price more significantly, Dexter explained, adding, „CME products allow for greater price stability and decreased risk. This is bullish for Bitcoin because it allows large investors to engage in the market with less hesitation. This increases liquidity and stability“. Essentially, GCE’s BTC futures add money to the market for large traders and other participants, while allowing them to hedge their trades.

An explanation from a regulator

Commodity derivatives trading markets can affect their respective underlying spot markets, according to Heath Tarbert, chairman of the U.S. Commodity Futures Trading Commission. Derivatives include futures trading products. „Sometimes the price of livestock is actually fixed in the derivatives markets,“ Tarbert told interviewer Anthony Pompliano on October 7 as part of a segment of the LA Blockchain Summit. Both livestock and Bitcoin are considered commodities. Tarbert added, „People say, ‚Well the livestock futures contract says it should be x quantity per head, and therefore this is the price that it should be in the real market.

The record delivery of

Bitcoin se usa ahora para comprar acciones de destilerías de whisky

Bitcoin se ha convertido en uno de los criptos más populares a nivel mundial, y ahora la gente puede adquirir piezas de destilería de whisky usando estas monedas digitales. La destilería de las Islas Faer actualmente permite a los individuos adquirir existencias a través de monedas digitales.

Los inversores ahora pueden adquirir acciones, estas acciones están representadas con fichas de Etéreo. Muchos están impresionados por cómo esta empresa está a punto de convertirse en la principal destilería del mundo financiada con monedas electrónicas. Esta compañía de whisky tiene una fecha para abrir sus puertas en el año 2023. La compañía tiene 23.000m2 y está ubicada en las Islas Feroe; estas islas están a 200 millas al norte de Escocia.

Los inversores ayudarán a utilizar un token que tiene seguridad criptográfica respaldada. Esta es una excelente oportunidad para los inversores que tienen Bitcoin y quieren una oportunidad de comprar acciones. La destilería ha comentado que ofrece a los inversores comprar acciones a través de fichas. Simultáneamente, detallan que también pueden involucrarse con dinero fiduciario, como el dólar y el euro.

Esto está aumentando actualmente y es cada vez más común para las empresas que son nuevas en el mercado. Pero el primer lugar ciertamente va a la compañía de whisky de las Islas Faer. La destilería ha lanzado una oferta simbólica para que los inversores adquieran acciones basadas en el Etéreo.

Empieza a invertir ahora mismo con Bitcoin

Si quiere empezar a invertir y tiene Bitcoin, puede buscar esta opción para ser uno de los primeros en acceder a la oferta. La compañía también ha comentado que el público puede invertir el 31 de diciembre.

El whisky de las Islas Faer afirma que las acciones de las fichas son más fáciles que las acciones regulares realizadas en las bolsas de valores. Con esta iniciativa, la empresa quiere que las personas que no estén interesadas en el whisky sientan simpatía y quieran comprar acciones con Bitcoin.

Cualquier inversor que posea Bitcoin o cualquier criptodivisa querrá participar en esta oferta. En el mercado, no hay muchas opciones para invertir. Así es como hay una excelente oportunidad. La destilería de las Islas Faer produce ginebra y whisky en el pueblo de Kvívík.

P2P-Kryptoplattform LocalBitcoins ist in Russland blockiert

Wichtige P2P-Kryptoplattform LocalBitcoins ist in Russland blockiert

Die Website von LocalBitcoins wurde in einem ihrer Schlüsselmärkte auf eine schwarze Liste gesetzt.

LocalBitcoins, ein wichtiger Peer-to-Peer-Krypto-Währungsaustausch, ist in Russland nicht mehr ohne zusätzliche Tools wie ein VPN erhältlich.

LocalBitcoins.net steht in Russland offiziell auf einer schwarzen Liste, da die lokale Telekom-Regulierungsbehörde Roskomnadzor die URL in ein Register von Plattformen laut Bitcoin Billionaire aufgenommen hat, die verbotene Informationen verbreiten.

Offiziellen Angaben zufolge wurde die Website am 21. Juli auf Anordnung des Stadtgerichts Onezhsky der Region Archangelsk auf die schwarze Liste gesetzt.

Es ist nicht sofort klar, wann genau Roskomnadzor den Zugang zur Website von LocalBitcoins beschränkt hat. Einige lokale Berichte behaupten, dass Benutzer von LocalBitcoins in Russland Ende September 2020 Schwierigkeiten beim Zugang zur Website hatten.

LocalBitcoins hat keine offizielle Erklärung zur Sperrung seiner Website in Russland abgegeben. Die Führungskräfte des Unternehmens haben nicht sofort auf die Bitte des Cointelegraphs reagiert, sich zu diesem Thema zu äußern. Dieser Artikel wird in Erwartung neuer Informationen aktualisiert werden.

Da LocalBitcoins jetzt in Russland auf der schwarzen Liste steht, läuft das Unternehmen Gefahr, einen seiner Kernmärkte zu verlieren. Im Juni 2020 teilten Führungskräfte von LocalBitcoins Cointelegraph mit, dass Russland im April und Mai 2020 der Markt mit dem höchsten Handelsvolumen auf der Plattform war.

Was war der Grund dafür?

Neben der Abwicklung großer Mengen von Krypto-Operationen, die aus Russland kommen, wurde die finnische Krypto-Börse beschuldigt, ein Hauptziel für illegale Gelder zu sein. Einem Bericht von CipherTrace zufolge gingen in den ersten fünf Monaten des Jahres 2020 über 99% der kriminellen Gelder unter den finnischen Börsen in Form von LocalBitcoins ein. Jukka Blomberg, Chief Marketing Officer bei LocalBitcoins, behauptete gegenüber Bitcoin Billionaire anschließend, dass Transaktionen im Zusammenhang mit Dunkelheit auf der Plattform im Jahr 2020 um 70% zurückgegangen seien.

Roskomnadzor hat kürzlich die Website von Binance, der weltweit größten Krypto-Börse, auf eine schwarze Liste gesetzt. Binance gab diese Nachricht am 24. September offiziell bekannt und gab an, dass die Website aufgrund der Verbreitung von Daten im Zusammenhang mit dem Erwerb digitaler Währungen wie Bitcoin (BTC) auf die schwarze Liste gesetzt wurde.

Bitcoin continua la salita dopo il rimbalzo

Il prezzo Bitcoin (BTC) si sta avvicinando ad un’area di resistenza cruciale, un breakout al di sopra del quale confermerebbe che il trend è rialzista.

Gli indicatori tecnici e il conteggio delle onde suggeriscono che ci si aspetta un breakout.

Bitcoin crea una candela martello settimanale

Durante la settimana dal 21 al 28 settembre, il prezzo Bitcoin ha creato un candeliere a martello. Anche se aveva una chiusura ribassista, il martello ha riconvalidato l’area di 10.100 dollari come supporto, lasciando un lungo stoppino inferiore nella sua scia, segno di pressione di acquisto.

Gli indicatori tecnici rimangono rialzisti. Sia l’RSI che l’oscillatore stocastico si stanno muovendo verso l’alto, ma non hanno ancora raggiunto la regione di ipercomprato.

Il grafico giornaliero mostra che, mentre il prezzo ha già creato un prezzo più alto-basso e seguito da una candela rialzista, c’è una resistenza molto forte a 11.150 dollari.

Oltre ad essere una precedente area di supporto che si è trasformata in resistenza il 19 settembre, l’area coincide con una linea di resistenza discendente tracciata a partire dall’alto del 17 agosto, aumentando il suo significato.

Un breakout sopra l’area di 11.150 dollari e la linea di resistenza discendente contribuirebbe a confermare che il trend è rialzista.

Linea di resistenza discendente

Gli indicatori tecnici nell’arco di tempo giornaliero sono rialzisti.

  • L’oscillatore stocastico ha fatto una croce rialzista
  • La RSI si è spostata oltre il 50
  • Il MACD ha quasi raggiunto un territorio positivo.
  • Un attraversamento del MACD in territorio positivo sarebbe la conferma finale che la tendenza al rialzo è iniziata.

Il grafico a 6 ore a più breve termine suggerisce anche un outlook rialzista. Dopo essere stata inizialmente respinta, BTC si è spostata al di sopra del livello di ritracciamento 0,618 Fib ed è attualmente a 0,786 Fib.

Gli indicatori tecnici sono rialzisti. Sia l’RSI che il MACD sono in aumento, e quest’ultimo ha attraversato in territorio positivo.

Mentre è possibile che il prezzo si ritracci verso i 10.500 dollari, lo scenario più probabile è che BTC si muoverà verso l’alto per uscire dall’area di 11.150 dollari.

Conteggio delle onde

L’ultimo picco della BTC rende probabile che abbia iniziato un impulso rialzista (mostrato in arancione sotto) il 9 settembre e che abbia completato la sottoonda 1.

E‘ probabile che l’impulso all’inizio dell’onda a lungo termine 5 (in nero sotto), possa portare il prezzo a 15.000 dollari.

Un calo al di sotto della linea di supporto ascendente che è in vigore da luglio (linea 0-2) e il precedente minimo di 10.138 dollari sarebbe un segno che questo conteggio non è corretto. Un calo al di sotto del massimo dell’onda 1 (linea tratteggiata rossa) a 9.485 dollari invaliderebbe quasi certamente il conteggio rialzista.

A breve termine, possiamo vedere che la BTC sta completando la prima sottoonda minore (blu) della terza ondata (arancione).

I tre obiettivi più probabili per la fine di quest’ultima si trovano a 12.180, 12.880 e 13.380 dollari, a seconda di quanto l’onda si estende. Il bersaglio dovrebbe diventare più chiaro una volta che le sotto-onde minori sono state completate.

Per concludere, è probabile che BTC abbia iniziato un nuovo movimento al rialzo che potrebbe portare il prezzo a un nuovo massimo annuale. Un calo al di sotto di 10.138 dollari metterebbe in dubbio la formazione, mentre un calo al di sotto di 9.485 dollari la invaliderebbe.

Bitcoin-Pionier prognostiziert eine Obergrenze des BTC-Marktes von $1T bis 2022 oder ‚früher‘

Adam Back glaubt, dass Bitcoin seine Marktkapitalisierung in weniger als zwei Jahren um 400 % steigern könnte.

Dass Bitcoin (BTC) bis 2025 eine Marktkapitalisierung von 1 Billion Dollar erreicht, ist „konservativ“, und dieses Niveau dürfte in weniger als zwei Jahren erreicht werden.

Das sagte Blockstream-CEO Adam Back, der am Montag einen neuen bullishen BTC-Preisausblick gab.

Back reagierte damit auf einen Bericht von Yassine Elmandjra, einem Krypto-Asset-Analysten beim Investmentberater Ark, der im September eine Marktobergrenze für Bitcoin von 1 bis 5 Billionen Dollar bis spätestens 2030 prognostizierte.

Ark ist bekannt für seine enthusiastischen Kursprognosen für die Tesla-Aktie, die im Jahr 2020 einen fast unglaublichen Anstieg verzeichnete.

„Konservativ. Ich würde sagen, dass #bitcoin wahrscheinlich eine Marktkapitalisierung von 1 Billion Dollar innerhalb von 2 Jahren erreichen wird, wahrscheinlich schon früher. $1 Billion ist ungefähr BTC $50k“, sagte er.

Im Oktober lag die Marktkapitalisierung von Bitcoin bei knapp über 198 Milliarden Dollar. Damit sich Backs Prognose bewahrheiten kann, müsste der Markt bis 2022 einen Anstieg von 400 % verzeichnen.

Zum Vergleich: Anfang Oktober vor zwei Jahren, im Jahr 2018, lag die Zahl bei 114 Milliarden Dollar. BTC/USD handelte bei $6.600, zwei Monate vor dem Tiefpunkt seiner Baisse, die bei $3.100 ihren Tiefpunkt erreichte.

Analysten wetten auf einen Ausbruch

Zu den weiteren Reaktionen auf Ark gehörte die On-Chain-Datenressource Ecoinometrics, die eine 2 Billionen Dollar Bitcoin-Marktkappe als gleichwertig mit der von Apple hervorhob.

BTC/USD würde unter diesen Umständen bei 100.000 $ handeln, während das Paar, um mit Gold gleichzuziehen, 500.000 $ erreichen müsste.

Wie Cointelegraph berichtete, ist die Preisaktivität bei Bitcoin derzeit viel gedämpfter, wobei Analysten für den Rest des Jahres mehr Seitwärtsbewegungen erwarten.

Gleichzeitig baut sich die Erwartung darauf auf, dass BTC/USD seine Korrelation zu traditionellen Makroanlagen aufgibt und im Einklang mit dem historischen Verhalten steigt – insbesondere im Hinblick auf die Vorhersagen der Stock-to-Flow-Preisprognosemodelle.

Stock-to-Flow erfordert einen Durchschnittspreis von 288.000 Dollar während des derzeitigen Halbierungszyklus, der im Mai begann und bis 2024 andauern wird.

Questões estruturais podem estar causando retornos de „Cash and Carry“ da BitMEX com baixo teor de bitcoin

BitMEX pode ser uma das maiores plataformas de derivativos criptográficos, mas oferece o menor retorno em operações de „cash and carry“ de Bitcoin Up.

Atualmente, o retorno oferecido pelo BitMEX com base em Seychelles em uma base de três meses é de 2,71% anualizado, metade do que bolsas rivais como Binance, FTX e Deribit estão oferecendo, de acordo com a fonte de dados Skew.

A arbitragem cash and carry envolve a compra de um ativo no mercado à vista contra uma posição de venda no mercado futuro, quando este último é negociado a um preço premium para o preço à vista. Essencialmente, as estratégias de carry lucram com base em futuros – o spread entre os preços nos mercados futuros e à vista – que se evapora no dia do vencimento.

Bitcoin como única garantia BitMEX

As políticas da BItMEX e a história recente parecem ter afetado o comportamento dos comerciantes, mantendo assim taxas baixas em BitMEX em relação a outras plataformas.

„Acreditamos que a diferença no prêmio BitMEX está relacionada à sua única oferta de garantia“, disse Patrick Heusser, operador sênior de moedas criptográficas da Crypto Broker AG com sede em Zurique, em um chat no Twitter, à CoinDesk.

BitMEX só aceita bitcoin como garantia, o que significa que os comerciantes podem pagar ou receber margem, lucro e perda somente em bitcoin. Como tal, quando o mercado cai, a garantia perde valor, forçando a saída de longo prazo através da tomada de posições compensatórias. Isso, por sua vez, leva a uma maior queda de preços e mais „liquidações longas“, um desenrolar forçado das posições de compra, semelhante ao que pode acontecer em uma chamada de margem nas bolsas de futuros tradicionais.

„Durante a liquidação de março, a rede ficou entupida e a cascata de liquidação fez com que os preços baixassem a um ritmo mais rápido. Assumindo que fosse um ecossistema fechado, o perigo era que o preço do bitcoin na plataforma BitMEX poderia ter ido a zero, resultando em uma eliminação completa do valor colateral e de todas as posições abertas“, disse Heusser.

Em 12 de março, o bitcoin caiu quase 40% para níveis abaixo de 4.000 dólares. A queda repentina, que começou de cerca de US$ 7.800, desencadeou liquidações recorde de compra-venda no valor de US$ 876 milhões na BitMEX. Estes fechamentos forçados provavelmente agravaram a queda de preços.

Assim, os comerciantes são menos agressivos na construção de longo prazo em BitMEX em comparação com outras bolsas como a FTX, onde podem penhorar moedas estáveis e moedas criptográficas como garantia. Isso ajuda a mitigar o risco decorrente do colapso repentino dos preços.

„Há um risco residual que os criadores de mercado têm se eles ficarem ‚muito tempo‘ com o BitMEX. Portanto, o preço geral desses futuros é ligeiramente menor em comparação com as plataformas multilaterais“, disse Heusser.

Outras plataformas

Binance, a principal bolsa mundial de moedas criptográficas por volume de negociação, lançou um programa de colateral cruzado em sua plataforma de futuros no início deste ano. O recurso permite que os usuários negociem futuros usando ativos criptográficos de sua carteira de câmbio como garantia, sem a necessidade de vender moedas.

Deribit, a maior bolsa por volume de opções, também oferece um único mecanismo de garantia como o BitMEX. Mesmo assim, a base de futuros no Deribit é significativamente maior em comparação com o BitMEX.

Isso é possivelmente devido a diferenças nos mecanismos de liquidação.

Em Deribit, as posições são liquidadas de forma incremental. „A posição será liquidada em etapas fracionárias para evitar reduções desnecessárias, na condição de que a liquidação parcial garanta que o saldo da margem esteja acima do nível da margem de manutenção exigida“, de acordo com o blog oficial. A liquidação completa ocorre quando o saldo da margem do trader está abaixo do nível da margem de manutenção.

Essa liquidação incremental permite que os comerciantes expressem sua visão em alta de forma mais agressiva, fazendo com que o prêmio futuro se amplie. BitMEX não oferece um mecanismo de liquidação parcial ou incremental.

A grande participação de mercado da BitMEX

Além disso, o alto volume comercial e a profundidade da carteira de pedidos da BitMEX poderiam ser responsáveis pela baixa base em comparação com a Deribit.

A partir de terça-feira, BitMEX foi responsável por 14% do volume global de negociação de futuros de bitcoin de 16 bilhões de dólares, enquanto Deribit contribuiu com apenas 2%, de acordo com a fonte de dados Skew. Além disso, na BitMEX, o spread médio diário entre ordens de compra e venda em futuros de bitcoin por US$ 10 milhões de cotação é atualmente de 0,4% contra 2,94% no Deribit.

Dito isto, a baixa base na BitMEX não representa baixo risco de crédito. Se algo indica o oposto, devido à estrutura de colateral único.

World stock exchanges act as watchdogs for US presidential debate

Investors look to Trump and Biden for discussion to map out next steps in the markets

The world’s stock markets are in a state of waiting because of expectations about the first presidential debate in the United States and the consequences of the increase in the number of coronavirus cases around the world.

European stock exchanges and Wall Street futures are operating down, while Asian stock exchanges have closed mixed. The whole market is moving sideways today.

The world has reached the mark of 1 million coronavirus deaths and 33 million confirmed cases that make the uncertainty about the global economic recovery even greater.

In the United States, investors are preparing to follow the first debate between President Donald Trump and Joe Biden. The futures of the S&P 500 fall 0.08%, while those of the Dow Jones fall 0.06%.

Nasdaq futures fall 0.20%. Bitcoin continues to the News Spy in fall in line with traditional indices.

Gold is the only asset valued on the day (1.13%), while Bitcoin bitterly declined by 1.64%, again showing correlation with the stock market.

National economy

The Focus survey released Monday by Brazil’s Central Bank (BC) showed that the scenario now is for the IPCA to end 2020 with a 2.05% rise, from 1.99% projected the week before. For 2021, the projection remains for inflation at 3.01%.

In this scenario we can expect an economic recovery not in V as the IMF had predicted, but in K. Where falling interest rates can foster economic recovery, but can also impact the financial market and thus the release of credit by banks, hampering business innovation.

The market today follows the release of the IGP-M: the General Market Price Index (IGP-M) rose 4.34% in September, against a 2.74% advance in August. With this result, the index has accumulated a 14.4% increase for the year and 17.94% over 12 months. With this scenario, the rental market should undergo upward readjustments.

As a result, there could be a further downturn in the real estate market, which has been hard hit by the pandemic, with the growth of the home office and the abandonment of physical offices by companies.