Category Archives: Bitcoin

Delivery driver received US$400 in BTC as tip

Bitcoin pizza story 2.0: Delivery driver received US$400 in BTC as tip

„I let the pizza delivery guy choose between US$5 in fiat or BTC. No need to add that he chose wisely,“ the redditor said.

A driver who received US$5 in Bitcoin (BTC) as a tip for a pizza delivery has spoken out again after seven years.

According to a post by Reddit user btcbible, the Bitcoiner ordered of Bitcoin Machine review a pizza on 28 December 2013 and gave the delivery driver two options for his tip: a US$5 note or 0.0069 BTC on a paper wallet. At the time, the crypto-asset’s price was US$774.

BTC is now worth

The driver reportedly contacted btcbible this week and asked for help moving the money to a hot wallet. Following Bitcoin’s recent surge to a new all-time high of more than US$58,000, BTC is now worth about US$400. That’s an increase of more than 7,000 per cent since the pizza was delivered.

„I let the pizza delivery guy choose between US$5 in fiat or BTC,“ btcbible said. „No need to add that he chose wisely. I responded with instructions on how to import the private key via Electrum.“

The Reddit user clarified that he was „not Bitcoin rich“ as he cashed out most of his assets last year to buy a house. The Reddit user said at the time that the driver had „heard about Bitcoin from the news and grasped the general concept of it“, but was „obviously still very new to it“.

The Reddit post recalls one of the most iconic stories in the crypto space from Bitcoin’s early days. The first documented commercial purchase using BTC was an order for two pizzas in May 2010, when a programmer paid 10,000 BTC (about $580 million today) to a Bitcoin Talk forum user to send him two pizzas from a Papa John’s outlet in the United States.

Synthetix annuncia un aumento di $ 12 milioni guidato da Paradigm, Coinbase Ventures e IOSG

Il Synthetix DAO ha aggiunto alcune voci nuove, forse sorprendenti, alla sua governance.

Oggi il protocollo sugli asset sintetici ha annunciato una raccolta di fondi da 12 milioni di dollari guidata dalle società di venture capital Paradigm, Coinbase Ventures e IOSG. I fondi hanno acquistato token SNX direttamente dal tesoro DAO e „contribuiranno, ove possibile, fornendo liquidità sotto forma di collaterale SNX, e parteciperanno anche al suo sistema di governance della comunità in rapida evoluzione“, si legge nell’annuncio.

„Siamo entusiasti di supportare synthetixDAO in quanto costruisce la principale piattaforma di asset sintetici“, ha affermato Arjun Balaji, partner di investimento di Paradigm.

„Synthetix ha una delle migliori comunità di criptovalute e siamo lieti di farne parte.“

L’investimento è degno di nota per essere tra le prime istanze di fondi che investono direttamente con e attraverso un progetto governato da una DAO. Il modo in cui i VC interagiscono con i protocolli governati da DAO è stato un argomento caldo negli ultimi tempi, con alcuni che sostengono che i VC non dovrebbero ottenere un trattamento preferenziale, mentre altri dicono che i VC sono i benvenuti, come qualsiasi entità, a partecipare a un ecosistema aperto.

Un recente thread di Tweet di Hayden Adams, il fondatore di Uniswap, ha sostenuto la necessità di lavorare con i VC, purché siano quelli giusti.

Jordan Momtazi, uno dei principali contributori di Synthetix DAO (e l’ex COO di Synthetix decentramento pre-governance), concorda sul fatto che si tratta di fondi con cui sta lavorando un protocollo.

“Molti VC non aggiungono molto valore. Il delta tra i VC di qualità e il resto è piuttosto ampio „, ha detto in una dichiarazione a Cointelegraph

Ciascuno dei tre VC che si sono uniti all’aumento di $ 12 milioni stanno portando un valore aggiuntivo al tavolo che un singolo investitore potrebbe non essere in grado di raccogliere, ha detto Momtazi.

“Paradigm ha aiutato il protocollo a reclutare talenti attraverso le risorse umane e la rete interne. Hanno anche aiutato attivamente a pensare attraverso la nostra pianificazione v3. Fornendo informazioni sugli approcci intorno alla nostra riorganizzazione „, ha affermato Momtazi. „Coinbase ventures ha aiutato con la connettività tra molte funzioni, sia internamente che esternamente.“

IOSG, nel frattempo, sta aiutando a guidare la spinta di Synthetix in Cina assistendo con l’assunzione di un leader regionale cinese, nonché con „roadshow di persona e creando contenuti educativi in ​​cinese“.

L’aumento arriva durante un periodo particolarmente produttivo per Synthetix. Il team ha recentemente annunciato il lancio di azioni Tesla sintetiche e SNX era tra i gettoni che i documenti dimostrano che potrebbe essere il prossimo ad essere elencato come fondo di investimento in scala di grigi.

È lo slancio che Momtazi spera che gli ultimi membri della comunità possano aiutare a portare avanti.

Bitcoin course: can BTC hold the $ 30,000?

The Bitcoin price can stabilize for the time being, but has not yet managed to end its sideways phase sustainably. Increased investments in altcoins allow the BTC dominance to be significantly corrected.

The sideways phase of the Bitcoin price that was used in the previous week continues for the time being. On the upside, the area around 38,000 USD acted as price limiting in the last few days. On the downside, the support area seems to be holding up around USD 34,000 for the time being.

A break out of this trading range in the coming trading days should lead to a directional decision

The BTC price continued to move sideways within a USD 4,000 range this trading week. As long as Bitcoin does not fall below USD 37,770 per day’s closing price and thus permanently abandons the EMA20 (red), there are still opportunities for increase back towards the upper edge of the range at USD 37,910. If the BTC price can rise back above the resistance at USD 35,025 in a timely manner and also recapture USD 36,097, the area around USD 37,910 will again move into the focus of investors. If the bulls manage to dynamically overcome this resistance level, the chart image brightens noticeably. The BTC rate should then target the USD 39,130 ​​area again.

Only when Bitcoin dynamically breaks through this resistance mark is a renewed run-up to USD 40,407 to be expected

If investors regain courage and increasingly rely on a rising BTC price, the likelihood of a price increase increases to the all-time high of USD 41,970. If this chart mark is subsequently surpassed in the long term, an increase to USD 43,703 should initially be planned. This is where the 461 Fibonacci extension from the daily chart runs. If the bulls can break this resistance level, the next major hurdle awaits at USD 45,710. This price level is taken from the monthly chart. Only when the rally noticeably gains momentum again and the psychological mark of USD 50,000 is overcome will there be an increase in the medium term to the chart targets for 2021 at USD 61,694 and USD 77.

The Bitcoin price recently failed to regain the psychological resistance at USD 40,000. Bitcoin failed several times to overcome the resistance at USD 39,130 ​​per day’s close and kept turning south. Bitcoin is currently trading in the EMA20 (red) area at USD 34,500. If the BTC rate falls below the EMA20 (red) at the end of the day and also falls below USD 33,770, a correction widening to USD 32,237 is likely. If the bears manage to sustainably undercut this important support, a correction expansion to the purple support line at USD 29,748 should be planned. The area around USD 30,000 currently acts as a strong support, which is why increased resistance from the bulls is to be expected. Only when this support area is clearly undercut,

At this mark on the chart, investors will try again to move the price back towards USD 30,000. If, on the other hand, the pressure to sell remains and the BTC rate falls below USD 27,563 at the daily closing rate, a correction expansion towards USD 25,752 should be planned. If the bulls fail to come back here, a decline to the support area between USD 23,887 and USD 23,710 is conceivable. This is where the price gap from the CME future price and the breakout level from December 25th run. Should this strong support not stop either, the BTC rate will target 21,892. This bearish price scenario increases the likelihood of a consistency test of the 2017 all-time high of $ 19,884. For the time being, such a strong course correction should be viewed as unlikely.

Will Bitcoin reach $30,000?

For Bitcoin traders, it seems that the crypt currency will not only reach $30,000 per BTC, but will even surpass that mark.

Once again, Bitcoin has recovered the upward path, reaching new historical highs almost every day. At the time of writing, it’s at $26,683 per BTC, on a path that seems to take Bitcoin Revolution to $30,000 in the next few weeks. However, nothing in the crypto market is guaranteed, so today we consider what traders think about the future of the price of cryptomoney.

Week in Crypto: Bitcoin does its best to record historical highs daily

The Bitcoin Upward Path

The entire crypto community was expecting a big rally in 2020. However, for most Bitcoin investors, this rally was to come during the first half of the year. After the third Halving in the BTC Blockchain slowed down the pace of expansion of the crypto money supply. And, with that, in the face of a stable or even increasing demand, the natural thing would have been an increase in Bitcoin’s price.

This did not happen, mainly due to the beginning of the decentralized finance fever (DeFi). It diverted large amounts of capital from the Bitcoin market to the various DeFi projects in the crypto world. So, although demand for Bitcoin from institutional investors was indeed increasing, the departure of traders prevented an increase in BTC’s share price.

A situation that was corrected when the DeFi bubble burst, causing investors to return en masse to the Bitcoin market. Allowing, along with the constant growth in the interest of institutional investors in cryptomoney, the beginning of this new great bullish rally in the price of BTC.

Bitcoin reaches 28k. Here is a forecast for next week

What do traders say about BTC?

For this reason, the main question on the minds of crypto users right now is: How long will this new rally last in the price of Bitcoin? And in the face of uncertainty, most traders are optimistic. For example, Messari founder Ryan Selkis remembers that he got a $2300 candle for the first time in over 8 years. A clear bullish signal for BTC.

The crypto-influencer known as Luke.hodl has responded with a survey asking when a $10,000 candle will be achieved. With most respondents betting on April-June 2021.

Max Keiser also joins this optimistic wave by reminding Pierre Rochard that the more BTC’s price increases, so will its demand.

An optimistic view that has also been held for months by trader Scott Melker. He celebrated today the arrival of Bitcoin at $27,000, clearly showing that, for traders, the big bullish rally at BTC still has a long way to go.

Sovryn lanceert Bitcoin DeFi Platform met behulp

Sovryn lanceert Bitcoin DeFi Platform met behulp van de RSK Sidechain

De ontwikkeling van open finance dApps op Bitcoin door projecten als Sovryn bewijst dat het RSK-protocol aan kracht wint.

Decentralized Finance (DeFi) is een miljardenindustrie die een revolutie belooft in de traditionele financiën. Toch zijn er aspecten van de ruimte die behoefte hebben aan duidelijkheid in de regelgeving.

Bitcoin DeFi en Sovryn

Onlangs zei de voorzitter van de Amerikaanse Commodity Futures Trading Commission (CFTC), Heath Tarbert, dat hij onder de indruk was van Ethereum. Door het succes van DeFi, voegt hij eraan toe, zullen de bestuursmunten als grondstoffen worden geclassificeerd.

Sovryn, een margin trading en lending dApp is verankerd in de voordelen van het Bitcoin-netwerk via het RSK smart contract platform. Sovryn streeft ernaar om DeFi verder te stimuleren via zijn Bitcoin Era vertrouwenloze en niet-bewaarbare uitleenplatform.

De veiligheid van het door Sovryn gebruikte protocol is direct afhankelijk van de hashpower van Bitcoin’s Proof of Work miners. Sovryn is een uitleen-, leen- en handelsplatform. Gebruikers verdienen BTC, afhankelijk van de vraag naar uitlenen op het platform.

10 procent van de door de leners betaalde rente is voor het verzekeringsfonds. Het fonds beschermt de kredietverstrekker wanneer de kredietnemer in gebreke blijft bij het verstrekken van de lening.

Naast het lenen kunnen gebruikers rente verdienen door het verstrekken van liquiditeit via de Sovryn geautomatiseerde marktmakers (AMM’s).

Problemen die de aanbieders van Bitcoin op Ethereum tegenkomen

Op dit moment schieten projecten die BTC op het gebied van etheriek symboliseren tekort op het gebied van decentralisatie, inefficiëntie van het kapitaal en veiligheid.

wBTC is de grootste vorm van getemperde Bitcoin die vandaag de dag wordt gebruikt en is in wezen een etherische penning die aan Bitcoin is gekoppeld. Maar het lijdt onder centralisatie, omdat alle Bitcoin in bewaring wordt gegeven door BitGo, die in ruil daarvoor gemerkte IOU’s uitgeeft. Het protocol vertrouwt op het vermogen van één beheerder om het geld van klanten veilig te bewaren.

Als de beveiliging is gecompromitteerd, is het geld weg, zonder dat er een manier is om het geld terug te halen.

De regeling in renBTC is niet beter. Dit Bitcoin-token is afhankelijk van vijf multi-sign-cliënten die technisch gezien miljoenen dollars van BTC controleren. Veel hangt af van het feit of ze niet samenspannen of manipuleren.
De Sovryn-oplossing

Gezien de opvallende uitdagingen in de huidige oplossingen, lijkt Bitcoin op RSK de meest haalbare oplossing voor DeFi op Bitcoin en het gebruik van de munt in de DeFi-operaties.

Alle transacties in Sovryn worden gevalideerd door 60 procent van de totale Bitcoin hash rate en er wordt geen andere troef dan BTC gebruikt binnen dit alternatieve DeFi-ecosysteem.

Indien de gebruiker nog steeds wenst door te gaan met ERC-20 penningen, maakt de penningenbrug tussen Ethereum en RSK interoperabiliteit tussen de twee netwerken mogelijk. De ERC-20 penningen kunnen gebruikt worden om waarde te verschuiven tussen de twee netwerken zoals de gebruiker dat wenst.

Met name kan de gebruiker kiezen voor een ander consensusalgoritme, bijvoorbeeld, of ervoor kiezen om te handelen in een laaggeprijsde omgeving die wordt ondersteund door het RSK-protocol vanwege de flexibiliteit.

Zo kunnen bijna alle producten of protocollen die op Ethereum kunnen worden gebouwd, op RSK worden gelanceerd.

Bitcoin price above $19,000, stock exchanges advertise in London Underground

Bitcoin fairs advertise exuberantly in the London Underground, popularly known as the ‚tube‘: „When you see bitcoin in the Underground, it’s time to buy“.

Bitcoin ads in London Underground
These are the Bitcoin companies Coinfloor and Luno, which was recently purchased by the Digital Currency Group (also owner of Grayscale).

The metro network in the British capital is extensive with 270 underground stations, together accounting for 402 kilometres of metro tracks. Also 650 buses in London and the surrounding area are covered with Bitcoin ads.

Obi Nwosu, founder and CEO of Coinfloor, one of the oldest bitcoin fairs in the UK, explains to Coindesk:

The trains are busier again due to COVID-19 measures being eased and Christmas is coming. Bitcoin is also more accepted as an investment‘.

James Lanigan, chief revenue officer at Luno, also sees the Christmas holidays as a good time to advertise.

Normally the prices to advertise here are much higher, but there is less interest from advertisers because of the corona crisis. So we seize our opportunity‘.

He sees it as an advantage that Coinfloor also started a campaign.

Bitcoin course
The current price for one Bitcoin (BTC) is currently $19.217.66.

Analyst John van Meer pointed it out this morning: it is important that the price breaks through the $19,400 in order to maintain positive momentum.

Qualcuno ha inviato 166 milioni di dollari in Bitcoin per soli 1,25 dollari di tasse

La commissione media di transazione Bitcoin il 7 dicembre era di circa 4,32 dollari.

Ieri, a un certo punto, potreste aver sentito il suono di una risata vertiginosa. Se è così, potrebbe essere stato chi ha inviato 8.692 Bitcoin al costo di soli 0,0000652 BTC.

In termini di dollari, con un Bitcoin che negli ultimi giorni ha fruttato circa 19.000 dollari, che equivale a pagare 1,25 dollari per inviare 166 milioni di dollari.

Provate a farlo presso la vostra banca locale.

Il mittente è scappato come un bandito. La commissione media di transazione di ieri era di 0,00023 BTC (4,32 dollari), secondo i dati di BitInfoCharts.

A differenza delle istituzioni finanziarie tradizionali, non c’è un prezzo fisso (o una percentuale) per inviare il cripto sulla rete Bitcoin. In senso stretto, le tariffe non sono effettivamente richieste, ma sono invece aggiunte dai mittenti per incentivare i minatori ad elaborare il loro pagamento. Più transazioni significa più concorrenza per avere transazioni incluse in un blocco.

Eppure, nonostante il Bitcoin abbia fissato un prezzo elevato di tutti i tempi questo mese, i volumi di trading non sono a livelli comparabilmente alti. Ieri, 27,2 miliardi di dollari in Bitcoin sono stati inviati attraverso la rete Bitcoin, secondo i dati di CoinMarketCap-nulla da annusare, ma un giorno ho-hum nella storia della rete.

La transazione da 163 milioni di dollari, con un hashish a partire da 4cd6be7, è avvenuta nel blocco numero 660.422. Per quanto bassa fosse la commissione, le altre transazioni all’interno di quello stesso blocco non sono costate nulla. Qualcun altro ha inviato 481 BTC (9 milioni di dollari) per un centesimo, per esempio.

D’altra parte, la persona che ha pagato 0,003 BTC per inviare/ricevere 1 BTC probabilmente pensa che avrebbe potuto trovare modi migliori per spendere 56 dollari.

Bitcoin-fondsen hebben vorige week een „record“ instroom van $ 429 miljoen gezien

Bitcoin Profit fondsen die zich richten op de digitale activa en andere large-cap cryptocurrencies zien dit jaar een recordinstroom te midden van toenemende bezorgdheid over de inflatie en sombere macro-economische vooruitzichten.

Volgens een rapport van het internationale nieuwscentrum Reuters kochten institutionele beleggers voor meer dan $ 429 miljoen aan cryptocurrencies via verschillende fondsen en producten voor de week die eindigde op 7 december, de op een na hoogste ooit.

De verhuizing bracht de totale activa van institutionele beleggers en fondsbeheerders op een recordbedrag van $ 15 miljard (volgens gegevens verstrekt door digitale vermogensbeheerder CoinShares). Dit cijfer vertegenwoordigt een veelvoudige stijging vanaf eind 2019, toen het beheerd vermogen slechts $ 2,57 miljard bedroeg.

Grijstinten leidt crypto-aankopen met GBTC

Leider van de instroom was Grayscale , ’s werelds grootste cryptofonds dat de afgelopen tijd bekendheid heeft verworven met zijn GBTC-product. Het fonds kocht vorige week voor meer dan $ 336,3 miljoen aan large-cap cryptocurrencies, waardoor het beheerd vermogen op meer dan $ 12,4 miljard kwam. De grootste wekelijkse instroom ooit van het bedrijf was drie weken geleden $ 468 miljoen.

James Butterfill, een investeringsstrateeg bij Coin-aandelen, zei dat institutionele klanten hun verhaal over cryptocurrencies steeds meer verschoven van loutere vragen van speculatieve aard naar die van „Bitcoin is hier om te blijven, help ons het te begrijpen.“ Hij voegde toe:

„Gezien de grote belangstelling suggereert dit dat we nog maar aan de vooravond staan ​​van institutionele adoptie in plaats van dat het afkoelt.“

Geen goud meer, in Bitcoin

In totaal trokken Bitcoin-gerichte fondsen en producten vorige week meer dan $ 334,7 miljoen aan instroom, wat het jaarlijkse totaal op meer dan $ 4 miljard brengt.

Daarentegen zag goud de afgelopen vier weken een uitstroom uit beleggingsproducten van een recordbedrag van $ 9,2 miljard, terwijl bitcoin in dezelfde periode een instroom van $ 1,4 miljard zag, aldus het rapport. Maar de instroom in goudproducten bleef in het jaar hoger op $ 45,7 miljard.

Investeerders kochten echter niet alleen Bitcoin. Ethereum, ’s werelds meest gebruikte cryptocurrency, zag de afgelopen week $ 87,1 miljoen aan instroom, waarbij investeerders de aanstaande ETH 2.0-upgrade aanhaalden als katalysator voor investeringen in het actief.

De upgrade zou betekenen dat een sneller, schaalbaarder en goedkoper netwerk wordt geïmplementeerd, aangezien DeFi-apps steeds vaker Ethereum kiezen om op voort te bouwen.

Ondertussen is Bitcoin ondanks positief nieuws in de afgelopen dag gedaald. De pionier in cryptocurrency handelt op $ 18.700 en daalt met -1,7%.

Cardano: smart contracts will be compatible with all programming languages

The Cardano project has just confirmed that it wants to open up to all programming languages, in order to attract developers not familiar with blockchain technologies. The news could set the project apart from its immediate competitors.

Cardano opens up to other environments

IOHK, the company that manages the Cardano project (ADA) , announced this opening to other languages ​​on Twitter yesterday. Two new development environments will be offered: the IELE devnet and the KEVM devnet.

The KEVM environment is a bridge between the Cardano blockchain and that of Ethereum (ETH) :

The ‘IELE’ devnet will be the first large scale beta test to allow non-blockchain developers to start to build smart contracts on Cardano, without the need to learn a blockchain-specific programming language!

— IOHK Media (@IOHKMedia) December 3, 2020

“Our“ KEVM ”dvnet will allow developers to deploy existing or developing Ethereum applications on Cardano. More than 140,000 smart contracts will be compatible with the Cardano blockchain. “

The project makes use of a version of the Ethereum Virtual Machine for this. The maneuver will undoubtedly allow Cardano to go grab some developers familiar with Solidity, the programming language of Ethereum.

Cardano smart contracts compatible with all programming languages

But what has been particularly noted is the second programming environment: IELE. It will allow developers to create dApps on Cardano using any programming language :

The ‘IELE’ devnet will be the first large scale beta test to allow non-blockchain developers to start to build smart contracts on Cardano, without the need to learn a blockchain-specific programming language!

— IOHK Media (@IOHKMedia) December 3, 2020

“The“ IELE ”devnet will be the first large-scale beta test that allows non- blockchain developers to start building smart contracts on Cardano, without needing to learn a blockchain-specific programming language! “

This opening of Cardano to other languages ​​could be key for the propagation of the project. There are often barriers to the adoption of blockchains that use specific programming languages. This could therefore allow Cardano to stand out from the competition , by becoming an all-in-one tool.

In any case, the development of the Cardano project seems to have accelerated in recent months. And its gradual decentralization tends to bring confidence to the ecosystem. We learned a month ago that 50% of Cardano blocks were produced in a decentralized manner .

China: the world’s 4th largest mining hub abruptly stops

In the dark. In China, the world’s fourth largest mining hub has just seen its electricity supply cut. Did this have an influence on Bitcoin’s hashrate (BTC)? And what could this say for Chinese mining?

China cuts power to Yunnan mining farms

The news was reported yesterday by several local media. It seems that the government has decided to stop providing electricity to mining farms , according to information from Wu Blockchain:

“Several miners explained to Wu that in Baoshan, Yunnan, where cryptocurrency mines are located, a ban was put in place on November 30. She asks power stations to stop providing energy to the miners. Yunnan is China’s third largest mining hub, after Sichuan and Xinjiang. “

As the local media point out, this power cut should not necessarily be interpreted as a comprehensive policy on the part of China. The government changes its attitude regularly with regard to electricity suppliers. Wu Blockchain explains that this is a change driven by economic interests , not political pressure.

Bitcoin’s hashrate on the decline

Still, the average hashrate of the Bitcoin Up network fell yesterday, if CoinWarz data is to be believed. However, it seems that it has already started to rise again:

The news is certainly not entirely surprising: the province of Yunnan has already shown some hostility towards Bitcoin miners settled in the region. In June, 64 mining farms had to close their doors because they did not have the government’s sesame. However, it is still the 4th largest mining hub in the world, behind Inner Mongolia.

Hostility from the Yunnan government does not yet threaten China’s mining hegemony – the country still holds 65% of Bitcoin’s hashrate . But the difficulties experienced by local miners could allow new regions to emerge in the years to come.