The Chinese city of Suzhou will hold a draw to promote the digital Yuan on the day of the ‚Double 12‘ event

The „red envelope“ test will be linked to a national shopping event and will add „offline“ and „touch“ functionality.

The Chinese city of Suzhou will be the second to launch a test of the „red envelope“ for the next digital yuan, according to a report by local media outlet The Paper.

Following a successful pilot scheme in the city of Shenzhen last month, experts say the Suzhou district of Xiangcheng will launch the draw to coincide with the country’s Double 12 shopping event on December 12.

Shenzhen will hold a public draw for 10 million digital yuan
Many companies in the district are reported to have already installed QR codes prior to the test.

The previous test in Shenzhen had a total of 10 million digital yuan distributed to 50,000 winners through red envelopes, in a lottery format draw.

As reported by Cointelegraph, within two weeks of the distribution of the envelopes, 95% of the winners had spent their 200 yuan digital prize, and some participants bought more.

95% of Chinese CBDC lottery winners spent their digital yuan prize
However, participants in the Shenzhen scheme were unable to use the „offline“ and „touch“ functions of digital wallets, known as panda wallets.

The Suzhou launch will include this functionality, allowing users to transfer money simply by touching mobile devices, even when neither is connected to a network.

The friendliest of all? These could be the best countries for crypto coins
Double 12 is a shopping festival run by Alibaba, one month after their highly publicised „Día del Sol“ event. It focuses great attention on offline spending and smaller brands.

There is also currently a closed beta test of the digital Yuan in the city of Chengdu, and the host of the 2022 Winter Olympics will also be participating in a closed pilot programme.

Graph ETH/BTC: what about the Altcoin season?

IN BRIEF

  • The ETH/BTC pair evolves within the 0 support,028₿.
  • Technical indicators have not yet shown clear signs of a bullish turnaround.
  • The ETH/BTC could evolve in a long-term inverted head-shoulder pattern.

The chart of the ETH/BTC pair has reached an important support zone, but has yet to show any sign of a bullish reversal. The price may continue to fall before eventually reversing its downward trend.

Technical indicators

The day chart for ETH/BTC shows that the price has been declining from its peak at 0.04₿ on September 1, having fallen to the 0.028₿ area.

This zone was initially used as a support in 2018 and 2019, before the price eventually fell below it. It put up resistance in July 2019, and the price then exceeded it. This same zone is now likely to be used as a support zone.

Technical indicators are turning bearish but have not confirmed a downward trend. The RSI has fallen below 50, but the MACD has not yet moved into negative territory, and the stochastic oscillator has not formed a bearish cross.

The daily chart shows a support zone slightly below 0.026₿.

Similarly, there are no signs of a bullish reversal yet. That said, technical indicators show that the rally is extremely oversold, with the RSI recording its lowest value since December 2019.

That said, the lack of bullish divergence indicates that the price will likely continue to fall, at least in the short term.

Current movement

Cryptonewton crypto-currency trader @Cryptonewton shared an ETH/BTC chart, which shows a long term and in-progress reversed head-shoulder formation pattern. Once the right shoulder is completed, he predicts an upward movement of up to 0.06₿.

It seems possible that the course is indeed within an inverted head-shoulder figure, but the right shoulder remains incomplete.

The left shoulder shows a dip of 0,0246₿. The course could therefore continue to decline before finally reaching a bottom. This would also be in line with the reading of technical indicators, which have not given any clear signs of a turnaround, despite levels of overselling.

In the case of an advance, the price will probably go up to 0.06₿. This is achieved by projecting the length of the figure onto the breakthrough point. This is also the fibonacci level 0.618 of the entire decline.

Bitcoin dominance rate

Bitcoin’s dominance rate (BTCD) has also increased considerably since the beginning of September. It is, however, approaching an important resistance zone and a downward resistance line in place since September 2019.

Technical indicators show that the rally is oversold but do not give any clear signs of weakness. This indicates that the rate will probably reach the falling resistance line and the 63.3% zone, or the fibonacci level 0.786 of the entire decline.

Conclusion

Knowing that the ETH is the most important altcoin and that a rally of the ETH/BTC pair would lead to a decline of the BTCD, the two graphs line up. The BTCD could rise a little more towards 66.3%, while the ETH/BTC could fall slightly before the trends are reversed.

Bitcoin better than stocks and gold? Crypto market on the up

Bitcoin has shown a significant upward trend lately. In mathematical terms, Bitcoin has a higher return than stocks and gold.

All Bitcoin Hodlers will be happy right now, because the king of cryptocurrencies is rising and rising. The website Messari.io showed that Bitcoin System app performed better than real estate, gold and stocks over a four-year period.

Doesn’t Bitcoin (yet) correlate with other assets?

Apparently, Bitcoin has a low correlation with other assets. This opinion used to be widespread among analysts too, but was cast into doubt in March 2020 when it came to the acid test. Contrary to expectations, Bitcoin did not remain stable at the beginning of the corona crisis. Rather , the Bitcoin price fell like the stock market, albeit a little less deep. This shook the very foundations of the self-image of the Bitcoin disciples, who had viewed their asset as effective crisis prevention.

The reason for the price loss ultimately remains unclear. Experts believe that large investors see Bitcoin more as “shares” than “gold” and have therefore sold it. It is also possible that a liquidity crisis broke out with Corona. This could have resulted in investors having to monetize their assets. This then affected stocks as well as cryptocurrencies, especially Bitcoin.

Bitcoin is attractive

More and more professional investors have now discovered the at least low correlation. They are allocating more and more funds for Bitcoin, according to Messari, in order to maximize their long-term profits.

The big companies that have added Bitcoin to their portfolio include more than 20 financial institutions , such as Rothschild Investment and Boston Private Wealth.

Is there a threat of inflation?

Many people also see Bitcoin as one of the few ways out of the US dollar and the euro. Many large central banks are currently flooding the markets with money to keep the national economy going. Whether this “Modern Monetary Theory” will work remains to be seen. It seems questionable, however, that the basic rules of economics can be overridden. An increase in the money supply basically means inflation. Mind you, this does not mean that there will be (disastrous) hyperinflation.

Nevertheless, many investors seem concerned and want to keep their assets safe as a precaution. Real estate is at high prices, gold is often sold out, and stocks are currently expensive. It is only too understandable that some investors take a look at the technology of the future and recognize the potential of Bitcoin.

Wyszukiwania Google Bitcoin nie są tak wysokie, jak powinny być

  • Wyszukiwania Google Bitcoin nie są tak wysokie, jak można by dać Bitcoins sukces cenowy.
  • Wyniki wyszukiwania danych w Internecie farby, że zainteresowanie Bitcoin nie wzrosła pomimo rajdu cenowego około 16.000 dolarów.
  • Bitcoin, który jest klasyfikowany jako jeden z najlepszych kryptokur walut, zyskał 50% w ciągu zaledwie czterech tygodni, aby handlować do 15.971 dolarów dzisiaj.

Wyszukiwania Google Bitcoin nie są tak wysokie jak powinny

Wyszukiwania Google Bitcoin Code nie są tak wysokie, jak można by dać Bitcoins sukces cenowy. Wyniki wyszukiwania danych w Internecie farby, że zainteresowanie Bitcoin nie wzrosła pomimo rajdu cenowego około 16.000 dolarów.

Bitcoin, który jest klasyfikowany jako jeden z najlepszych kryptokur walut, zyskał 50% w ciągu zaledwie czterech tygodni, aby handlować do 15.971 dolarów dzisiaj. Ostatnim razem, gdy Bitcoin osiągnął rekordowy poziom cen, był koniec 2017 roku do początku 2018 roku, podczas szaleństwa hossy na rynku.

Niektórzy badacze zauważyli, że wzrost ceny Bitcoina był spowodowany tym, że firmy detaliczne nie chciały przegapić tych zysków. Stagnacja wyszukiwań Google sugeruje, że tak nie było.

Trendy Google są skutecznym sposobem na określenie, jak bardzo ludzie są zainteresowani czymś, czy jest to trend, czy nie.

Rangi wyszukiwania trendów Google mieszczą się w przedziale od 0 do 100, przy czym 100 jest najwyższe

Zgodnie z trendami Google, liczba do opisania wyszukiwania google dla słowa Bitcoin cena jest niska na 10. Bitcoin jest na poziomie 10 w google jest znacznie niższa niż grupa wyszukiwania doświadcza między 2017 i 2018 po jego rekordowej cenie 15.000 dolarów.

Konsumenci nie są sondowane, aby przejść Bitcoin z powodu obecnego wzrostu cen, ponieważ obecny odczyt jest prawie połowa tego, co było w maju. Zazwyczaj dane Google rosną, gdy następuje dramatyczna zmiana ceny, którą inwestorzy przegapili, ponieważ szukają informacji o cenie, aby wejść na rynek.

Satoshi has chosen to publish the Bitcoin white paper on Halloween: another Easter egg?

Even if we know almost nothing about Satoshi, we can say that he loved the theatricality

On Halloween Day 2008, Satoshi Nakamoto announced Bitcoin’s white paper on a mailing list dedicated to encryption. Perhaps this is just an irrelevant coincidence, but taking into account the meticulous planning behind the Ethereum Code launch party, the date chosen becomes more important.

Halloween is the day of masks, an occasion to pretend to be someone or something else, a superhero like Batman or Superman, or another widespread choice, a ghost, a spirit who, like Satoshi, is neither dead nor alive.

The tradition goes back hundreds, even thousands of years, and there is no day more fitting than Halloween when the creator of Bitcoin could have revealed the character of Satoshi Nakamoto.

„The Mystery and the Paradox“

Whoever created the pseudonym Satoshi Nakamoto was probably part of the cypherpunk community, a heterogeneous group united by the common goal of using encryption to limit the reach of Hobbes‘ Leviathan. The term „cryptography“ is composed of two words in ancient Greek, which combined mean something like „hidden writing“ or „secret writing. The spirit of early cypherpunk is best summed up by none other than Hal Finney in his famous „goodbye“ post on Bitcointalk:

„Fast forward to 2008 and the Bitcoin announcement. I’ve noticed that cryptography veterans (I was about 55 years old) tend to become cynical. I was more idealistic; I’ve always loved cryptography, its mystery and paradox“.

Finney was the first person, besides Satoshi, to run Bitcoin’s software; he was also the recipient of Bitcoin’s first transaction. His involvement in the early days of the project and his programming experience led many to believe that he was hiding behind Satoshi. If Finney had been involved in the creation of Bitcoin, perhaps for the „mystery and paradox“ enthusiast called „Hal“ revealing the project to the world on Halloween might have had a further meaning.

Things are not as they seem with regard to the Bitcoin launch.

For Satoshi Nakamoto, the creation of decentralized electronic money outside the supervision of any government was an ideologically driven enterprise imbued with symbolism and rituality. The coinbase of the genesis block contains a quote from an English newspaper, The Times, which many consider a political commentary on the failures of the contemporary financial system:

„The Times 03/Jan/2009 Chancellor on the brink of the second bailout plan for banks“.

The quote also acted as a watermark, a time mark to certify that the Bitcoin network was launched on January 3, 2009. This date is generally accepted as the beginning of the Bitcoin blockchain. Still, it may not be true. While proving that it may not have been created before, the citation does not guarantee that the network was actually born on the date indicated. The first block (the genesis block, or zero block) was undermined on January 8, five days later. This is probably the day the Bitcoin network was launched. Satoshi has backdated the definitive time stamp service to make a political statement.

FDR and the birth of Satoshi Nakamoto

Satoshi’s profile on the page of the Foundation for Peer to Peer Alternatives, or P2P Foundation, reports his birthday as April 5, 1975. Some have drawn attention to the fact that on April 5, 1933, U.S. President Franklin Delano Roosevelt signed Executive Order 6102, banning the golden hoard. This order limited an individual’s ability to possess gold. During the Great Depression, the population considered gold to be the ultimate safe haven in a period of great uncertainty. The recent horrors of hyperinflation in Germany were still fresh in public memory. Until then, the US dollar was guaranteed by gold, and the government needed more reserves of the precious metal to print new dollars, so it believed that the gold hoard was hindering economic growth.

Despite this, in the same year, the United States was forced to abandon the gold system, Roosevelt’s order was eventually revoked by President Gerald Ford, with a decree that came into force on December 31, 1974. As someone suggests, this explains the year of birth of Satoshi Nakamoto, 1975, the first year in which the Americans recovered the right to accumulate gold.

El aumento del precio de Bitcoin a $ 500k es inevitable, dicen los gemelos Winklevoss

Dijeron que la adopción real de la clase de activos „ni siquiera ha comenzado“.

Los fundadores del intercambio de criptomonedas Gemini, Tyler y Cameron Winklevoss, dijeron que Bitcoin ( BTC ) eventualmente alcanzará los $ 500,000 por moneda durante una entrevista reciente con el presentador de podcast Peter McCormack.

“La pregunta en nuestra mente no es tanto si llega a $ 500,000, sino qué tan rápido”, le dijo Tyler a McCormack durante el episodio de podcast del 23 de octubre

Su tesis toma en consideración la capitalización de mercado del oro y la asignación teórica del banco central. „Yo diría que $ 500,000 Bitcoin es en realidad bastante conservador y el juego ni siquiera ha comenzado“, señaló Cameron.

MicroStrategy y otros que compran cantidades significativas de Bitcoin para sus reservas de tesorería parecen indicar que el mercado está comenzando a cambiar. „¿Qué pasa si todas las empresas de Fortune 100 o 500 hacen eso, y si los bancos centrales comienzan a hacerlo?“ Preguntó Cameron. „Ni siquiera ha comenzado“, agregó, haciendo una analogía de que Bitcoin está en la parte inferior de la primera en un juego de béisbol de nueve entradas.

“Wall Street aún no está aquí. Las instituciones no están en Bitcoin en este momento. Ha sido un fenómeno minorista durante la última década. Entonces, Wall Street habla de eso, están al tanto de Bitcoin, pero no están realmente involucrados desde nuestra perspectiva, pero está comenzando a suceder“.

La base de la entrevista fue un informe de Tyler y Cameron publicado en agosto de 2020, titulado: The Case for $ 500K Bitcoin

Los hermanos comenzaron a construir el informe en enero de 2020, dijo Cameron en la entrevista con McCormack.

„Empezamos a pensar en lo que el gobierno ha estado haciendo con el dólar estadounidense durante la última década y en los tipos tradicionales de reservas de valor y coberturas“, explicó Cameron. Los gemelos detuvieron el trabajo en el informe en marzo cuando COVID ganó un punto de apoyo mundial. Reanudaron el artículo varios meses después después de evaluar los cambios económicos provocados por el virus.

Tyler dijo que él y su hermano comenzaron a comprar BTC en 2012. Parte de la justificación del informe provino de evaluar el desempeño del activo en medio de la economía circundante durante la última década.

Si bien surgió un número creciente de predicciones alcistas para Bitcoin a lo largo de 2020 , algunas se han mantenido escépticas , como el error del oro Peter Schiff.

Economista dice que los CBDC son al alza para Bitcoin y Crypto mientras que Japón predice un posible aumento de las monedas digitales

El economista y comerciante Alex Krüger dice que la aparición de las monedas digitales del banco central (CBDC) es alcista para Bitcoin (BTC) y el mercado criptográfico más amplio.

En un nuevo tweet, Krüger destaca un pronóstico de un trabajo de investigación escrito por el Banco de Japón sobre las CBDC.

„Existe la posibilidad de un aumento en la demanda pública de la moneda digital del banco central (CBDC) en el futuro“

Según el economista, el desarrollo de los CBDC es alcista para la industria de la criptografía ya que significa que habrá „carteras inundadas de dinero en efectivo y mejoras en las rampas de fiat“.

El crecimiento de los CBDC no es el único catalizador alcista posible a la vista, según Krüger. El cripto influenciador está siguiendo de cerca las recientes compras de BTC de la firma de servicios financieros Square y la compañía de inteligencia de negocios MicroStrategy.

„Unas pocas corporaciones que añaden Bitcoin Revolution a sus balances son tanto alcistas como sobrevaloradas. La función de una tesorería corporativa no es *invertir.* La demanda corporativa de oro como cobertura de la inflación es mínima. Por lo tanto, la probabilidad de un efecto dominó de bitcoin entre las corporaciones es muy baja.

Dicho esto, si esto se convirtiera en una tendencia, algo interesante sucedería: los grandes bancos se verían obligados a tener un equipo de criptografía en nómina para atender las necesidades de cobertura de los clientes corporativos“.

Krüger también señala que la oportunidad de imprimir las ganancias en BTC se debe a su complejidad.

„Los nocoiners encuentran el bitcoin/crypto demasiado complicado. No entienden que cuanto más complicado, mejor. Si fuera fácil, todo el mundo ya estaría invertido en el cripto, los precios serían mucho más altos, y no habría ninguna oportunidad.“

La tendance Ethereum (ETH) est indécise, les indicateurs techniques restent mitigés

ETH se négocie dans une fourchette comprise entre 315 $ et 380 $.

La plupart des indicateurs techniques sont neutres ou baissiers.

ETH / BTC s’échange entre la résistance et le support à ₿0,036 et ₿0,0315

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Le Trust Project est un consortium international d’organisations de presse établissant des normes de transparence.

Valeur de transfert ETH

Bitcoin Circuit a tenté de remonter la résistance au-delà de la résistance, mais l’échec a fait reculer le prix presque complètement.

Même si certains indicateurs techniques sont haussiers, une cassure de la zone de résistance actuelle est nécessaire pour que la tendance devienne haussière.

Gamme de trading Ethereum

Le prix Ethereum diminue depuis le 1er septembre, lorsqu’il a atteint un sommet de 489,57 $. La baisse s’est poursuivie jusqu’à ce qu’elle atteigne un creux de 311,04 $ le 5 septembre. Le creux a initié un mouvement à la hausse qui a été relativement de courte durée puisque l’ETH a été rejeté après avoir atteint 394 $.

Actuellement, l’ETH se situe dans une fourchette comprise entre 315 $ et 380 $. Une rupture de la zone de support pourrait déclencher une baisse rapide vers 240 $, tandis qu’une cassure au-dessus de la zone de résistance entraînerait probablement un mouvement du prix vers le niveau de 0,618 Fib à 420 $.

Les indicateurs techniques offrent une perspective très mitigée

Le MACD augmente et a généré une divergence haussière, mais n’est pas proche d’un territoire positif
Le RSI n’a pas réussi à générer une divergence haussière et se négocie en dessous de 50
L’oscillateur stochastique a fait un croisement haussier et augmente
Bien que cela ne soit pas inhabituel puisque le prix se consolide, cela montre que le calendrier quotidien n’est pas suffisant pour déterminer la direction du prochain mouvement.

Le graphique hebdomadaire est toujours haussier, malgré le chandelier engloutissant baissier créé au cours de la semaine du 31 août au 7 septembre.

Le prix suit toujours une ligne de support ascendante et a créé de longues mèches inférieures au niveau de 0,382 Fib de l’ensemble de l’augmentation – un signe de pression d’achat.

Le trader en crypto- monnaie @ACXTrades a présenté un graphique Ethereum avec un objectif court de 333 $.

Depuis le tweet, le prix a déjà commencé à baisser et se rapproche de la zone de support mineure de 335 $.

La baisse a été précédée par une divergence baissière du RSI et du MACD.

Le décompte le plus probable suggère que le prix a commencé une formation corrective ABC (indiquée en noir ci-dessous). avec le plus bas du 3 mars, et se trouve actuellement dans la cinquième sous-vague (bleue) de la vague C.

Sur la base de la longueur des mouvements précédents, la vague pourrait se terminer près de 545 $.

Tether recovers $1 million USDT sent by mistake

Tether managed to resolve a dispute on its platform, recovering $1 million USDT sent in error. This is thanks to the CeFi.

One of the biggest fears of traders in the crypto market happened on September 8th. Chinese traders mistakenly sent a 6-digit amount to the wrong DeFi address. However, everything was resolved thanks to centralized finance. And so Tether recovered $1 million USDT.

The world of crypto currencies is highly volatile. So the more conservative investors do not have enough confidence to go deep into the market. Hence the Stablecoins were born.

These „tokens“ that are associated with the value of a fiat currency (such as the dollar or the euro), with material goods such as gold or real estate, or other cryptomoney, provide that necessary confidence to users.

Tether is the most recognised of the Stablecoins. And today we will talk to you about a controversy that included Tether and the DeFi.

What is the difference between the DeFi and the CeFi?
An accidental shipment of $1 million USDT in Tether
Accidental shipments in the crypto ecosystem are an everyday occurrence, as sometimes traders get carried away by market volatility. It’s a mistake that we’ve all had to swallow.

Now, imagine that little mistake of not carefully checking where the transfer will be sent costs you $1 million USDT.

Well, that happened on September 8th to the group under the nickname ‚Bill‘. They „accidentally“ transferred the money to a Swerve token contract and for a moment, believed that money was lost.

In desperation, the traders sent out an SOS on Twitter and hoped that the controversy would be resolved. And fortunately, they were lucky, getting their money back.

For Paolo Ardoino, Director of Technology at Bitfinex and Tether, issuers of the stable centralized currency USDT, in which this erroneous payment was made, responded and requested that „Bill“ open a support ticket.

„If it’s USDT ERC20 stuck in one direction, we should be able to recover it, but to be sure, please contact our customer service and we’ll do our best,“ he said.

And then a few days later, on September 11, the good news came, mixed with doses of caution. Ardoino tweeted the following:

The highlight of that tweet is Ardoino’s clear warning message about the DeFi. For him, decentralised finance is a risk for crypto users.

Tether, the stablecoin that keeps growing
„This was solved, thanks to Tether being a centralised financial network“
Tether was able to recover lost funds because the platform is CeFi-based, which gives it some control over user funds. A function that a DeFi platform without custody would not.

For the defenders of centralised finance, the security and secure tracking of their users‘ transactions is their banner to defend. Therefore, this could be considered a victory for the centralised finance team.

Theter recovers $1 million USDT that was transferred by mistake. This is a clear victory for the CeFi
Theter recovers $1 million USDT that was transferred by mistake. This is a clear victory for the CeFi. Source: Etherscan
Finally, the Etherscan transaction shared by Ardoino shows that a total of 1,010,808 USDT, valued at $1.02 million, was sent to Chinese investors.

What do you think of Tether’s management in recovering $1 million USDT in record time?

Bitcoiny trafiają 10000$, a złoto jest bliskie punktu odbicia.

Po kilku dniach spadków, Bitcoin odzyskał trochę wartości i teraz wynosi około 10.500 dolarów. Większość altcoinów również się odbudowuje, a całkowita luka rynkowa wzrosła o 10B dolarów. Eksperci rynkowi wspomnieli o głównym wydarzeniu odnotowanym w ciągu ostatnich 6 miesięcy. W tym czasie aktywa kryptograficzne odnotowują nowe wysokie wyniki, a inwazje banków centralnych w gospodarce osiągają bezprecedensowy poziom.

Najniższe opłaty transakcyjne w historii! Teraz kluczową zaletą kryptologii jest bardzo niska prowizja i opłaty transakcyjne, w porównaniu do innych giełd na rynku.

Zarówno złoto, jak i Bitcoin, skorzystały z niepewności fiata. Poza tym, indeks walutowy dolara amerykańskiego (DXY), który w ostatnim czasie spadł o 2 lata. Chiny prawdopodobnie zmniejszyć swoją ekspozycję dolara, co będzie miało zły wpływ na przeciętnego Amerykanina.

Inne kraje mogą pójść za przykładem Chin. Chociaż teraz złoto wygrywa z Bitcoinem, to nowa siła w DXY stwarza szanse na wzrost dla obu tych krajów.

Jednak inni eksperci rynkowi nie mają tak optymistycznych poglądów, wspominając, że jeśli globalne rynki akcji powrócą, cena Bitcoinu może spaść poniżej 10000 dolarów. Immediate Edge Biorąc pod uwagę wszystkie czynniki i opcje analityków, pozostaje nam tylko czekać i dokonywać wyborów finansowych biorąc pod uwagę wszystkie czynniki i opcje risks․.