The City That Has Become Crypto-Friendly – Miami Mayor Francis Suarez is striving to adopt a modern attitude, fostering innovation and his city’s tech sector. Among the many projects mentioned is bitcoin. The latter believes that this innovation will be „the biggest story of the next few years“.

Miami’s Cryptocurrency Craze

In recent weeks, Miami has made a name for itself in the cryptocurrency world, wanting to allow the payment of taxes and salaries of its inhabitants in bitcoin .

Today is the city’s public treasury could place part of its investment reserves in Bitcoin . If this project is completed, Miami would be the first city in the United States (and the world) to enter this restricted sphere – currently reserved for a few tech giants listed on the stock exchange.

Sudden acceleration

Faced with the massive purchase of bitcoins by Tesla , entrepreneur Anthony Pompliano believes that:

“(…) The race is on to see which municipality will be the first to include Bitcoin on its balance sheet. “

In the latter, Miami seems to have taken a big lead . And as if that were not enough, the mayor of the city wishes to accelerate this process , by convening soon the commission in charge of pronouncing on this thorny decision.

Whether or not the resolution in question passes, this statement remains significant from a politician who quickly became one of the main crypto advocates in the country. The latter organized meetings with the Winklevoss twins as well as with leaders of bitcoin mining pools . Finally, the man has repeatedly boasted of having lunched with Peter Thiel , co-founder of PayPal and also invested in projects related to Bitcoin and cryptocurrencies.

Beyond the efforts made for his city, Francis Suarez strives to open up to other states and jurisdictions to learn from them. He held talks with Jimmy Patronis , CFO of Florida, on the opportunity to present to the Legislative Assembly of the State legislation to regulate and recognize more the bitcoin.

The integration of Bitcoin into a state balance is generally good news for the cryptocurrency market. Nevertheless, it is difficult to determine whether this enthusiasm of Francis Suarez shows real enthusiasm or if the man only wants to promote his candidacy in the next elections.

O mercado DeFi se corrigiu fortemente com a queda do Bitcoin para menos de US $ 40.000, mas analistas dizem que uma recuperação é provável.

O mercado de finanças descentralizado ou DeFi viu uma correção acentuada nas últimas 12 horas, já que o Bitcoin ( BTC ) foi incapaz de quebrar o nível de $ 41.000.

Enquanto isso, analistas dizem que os lucros dos principais tokens DeFi estão fluindo de volta para o Bitcoin Loophole, embora o mercado de DeFi ainda esteja para trás, apesar da recuperação do BTC na semana passada.

Então, o que vem por aí para o mercado DeFi?

Os principais tokens DeFi de bluechip e as criptomoedas de pequena capitalização de mercado estão lutando para se recuperar do Bitcoin no fim de semana.

Ativos bluechip típicos de DeFi incluem Aave (AAVE), SushiSwap (SUSHI), Uniswap (UNI), Maker ( MKR ), Composto (COMP) e Synthetix (SNX).

Os principais tokens DeFi com limites de mercado ligeiramente menores incluem Alpha Finance (ALPHA), Yearn.finance (YFI) e 0x (ZRX).

A principal razão por trás da correção do mercado DeFi é que os lucros dos tokens DeFi estavam fluindo para o Bitcoin quando o BTC começou a recuar.

Esta tendência ampliou a pressão de venda de tokens DeFi, particularmente porque o par Bitcoin / Ether ( ETH ) viu fraqueza de curto prazo nos últimos dois dias.

No entanto, o mercado de criptomoedas está se movendo rapidamente e, portanto, a dinâmica do mercado pode mudar rapidamente nos próximos dias, especialmente com o lançamento dos futuros do CME Ether na segunda-feira.

Ao mesmo tempo, outro DeFi rally pode ser desencadeado pelo preço do Bitcoin claramente ultrapassando $ 40.000 desta vez e consolidando entre $ 41.000 a $ 42.000, o maior de todos os tempos.

Para que isso se materializasse, o Ether teria que alcançar o Bitcoin e recuperar o momentum acima de $ 1.700 no curto prazo. Por enquanto, a ETH está atrás do Bitcoin com o par ETH / BTC lutando para se recuperar.

Se a ETH recupera US $ 1.700 como área de suporte, provavelmente é o fator-chave que decide a trajetória do mercado DeFi no futuro próximo.

O Bitcoin pode atingir um novo recorde histórico?

Puru Saxena, um investidor e administrador de dinheiro aposentado, disse que se o Bitcoin voltar a ficar acima de $ 40.000 novamente, isso invalidará o cenário de baixa. Ele disse :

“O Bitcoin está acima de $ 40.000 e, embora ainda não tenha retirado seu ATH, ao contrário do ciclo anterior, ele também não quebrou completamente. Se $ BTC fechar acima de sua alta de janeiro, isso significará que minha avaliação do preço da ação estava ERRADA e os touros estavam certos ”.

According to LocalBitcoins data, P2P trading in Venezuela and Colombia represents more than 23% of Bitcoin’s trade. Excellent for them.

The political and social situation in Latin America, has led to an increase in the trade of cryptosystems. So, LocalBitcoins published an article, in which they point out that Venezuela and Colombia represent more than 23% of the Bitcoin trade.

Certainly, LocalBitcoins, founded in 2012, is the largest peer-to-peer Bitcoin market in the world. Through it, you can trade and invest in Bitcoin.

The Bitcoin Trade

Basically, the trade of cryptomonies in Latin America has been increasing. To the extent that two nations in this region lead, along with Russia, the Bitcoin trade.

According to LocalBitcoins data, together with the educational group „Satoshi in Venezuela“, they indicate that the main markets are

• Russia (17.4%)
• Venezuela (12.3%)
• Colombia (11.3%)

It’s true that, in Russia, capital controls and strict regulation may be the main reasons for Bitcoin’s popularity.

In fact, Venezuela, has held its own. As the second largest trader of so-called „digital gold“ in the world.

Also, other markets such as the United Kingdom (6.3%) and Nigeria (5%), also have a place in the world’s top 5. Similarly, Argentina, Chile and Brazil have also been relevant in terms of Bitcoin exchange volume through LocalBitcoins.

It’s worth noting that, all these countries have very different economic realities. But, what they share is a very strong interest in Bitcoin.

Venezuela and Colombia with BTC

In any case, the hyperinflation in Venezuela has led to the volume of Bitcoin exchange to increase considerably in the country. Therefore, such factors influence the volume of trade in Colombia.

According to LocalBitcoins, P2P trading in Venezuela, remains the second largest Bitcoin exchange in the world with 12.3%.

In fact, Vladislav Alimpiev, manager of LocalBitcoins, said: „Every week, we talk about an equivalent in American dollars. About 4 to 5 million dollars in Bitcoin are exchanged through our platform in Venezuela“.

Colombia, on the other hand, has 11.3%. That, combined, represents more than 23% of the total transaction volume on the platform, during 2020.

That is why Vladislav Alimpiev said: „Actually, their volumes are almost the same as Venezuela’s. They are only slightly less, about 3 to 5 million dollars compared to the amount of Bitcoin that is exchanged in Colombia every week.

In addition, Colombia is not only one of the leading nations in the Bitcoin trade. It also leads the Bitcoin ATM market in Latin America, with a total of 60 devices installed. All of this, according to data from Coin ATM Radar.

Similarly, Venezuela has been in the headlines recently. Specifically, in November, after Cryptobuyer, the Panamanian crypto coin platform, announced that Pizza Hut, would accept crypto coins.

To conclude, the crisis by the Coronavirus and the unrestrained inflation, have opened the eyes of the merchants. As a consequence, they have increased their appetite for Bitcoin.

I leave with this sentence from Art Linkletter: „I’ve learned that it’s always better to have a small percentage of a big success. One hundred percent of nothing.

On 15 December 2020, the most popular crypto wallet in the CIS, the Trustee Wallet, will release a huge update (Big release). There are plans to upgrade the UI/UX, optimise its performance and significantly expand its functionality. Every week we will open the curtain on upcoming innovations on our blog and YouTube channel.

Keep a close eye on the YouTube channel, where we have prepared a competition for you with a prize pool of 1000$ in bitcoin!

In the first part of the announcement we will talk about UI/UX improvements, new functionality, increased security and anonymity, and other novelties.

In the process of development
Daily communication with users allowed us to create a model of the perfect crypto wallet. It has become convenient both for cryptographic professionals and for those who are just beginning to get to know this fascinating world. The new design combines the rigour of the colour palette, minimalism and ease of operation. Dark gray tones emphasise seriousness and reliability – the qualities with which we approach application development.

We are improving the interface so that our users can enjoy using the application, so that they can manage their assets without being distracted by all the side effects of the crypt. We try not to scare the user with endless settings and at the same time we give them the opportunity to experience the full power and value of using block technology.

UI/UX designer Trustee Wallet.

The Trustee Wallet is a financial application where the security- and anonymity of user information comes first and we have made the perception of the wallet as easy as possible, despite all the various difficulties in UX. Using Trustee you will always be able to maintain judgment and practicality, while reducing human errors to zero.

Functionality overview
Onboarding Trustee. The user has been familiarised with key information about the wallet since the first opening of the application:

Trustee will tell you about its functionality and benefits right from the start;
An updated ‚News‘ section (🔔 icon on the home screen) will tell you about all your balance changes, transactions, our updates and news from the world of cryptology.
Innovative security technologies. Creating a new wallet is a challenge for new users and we have made sure that this process is as easy and safe as possible:

Trustee will protect your mnemonic phrase from prying eyes, it is only available to you!
You are free to choose whether you want to use 12 or 24 words for your mnemonic phrase;
The Trustee support team is ready to help you when you create your wallet;
even more anonymity – you can hide your wallet’s balance in a public place with just one click.
Personal interface. When working with finances, a Trustee user should feel like ‚fish in the water‘. Everything must be in its place, working quickly and clearly:

Now you can place your own coins on the main screen in a convenient way, just drag and drop a block of coins with a single click;
You can send and receive the coin and hide it if you don’t want it on the main screen;
You can activate a dark theme for the entire application.
Optimisation. Weight of the application, speed of information processing and energy efficiency are key factors that influence user interest in the mobile application. In the new version, we have optimised and automated all possible processes, even though the functionality has been expanded. The application has become faster and more informative, you will always be aware of the latest developments in the cryptographic world, and the updated structure of the application will allow you to use your time as productively as possible.

En prisprognosering af knaphedsmodel, der placerer bitcoin på $ 288.000 i 2024, holder ikke op i de kommende år, ifølge to krypto-hedgefondschefer, der er villige til at lægge deres penge, hvor deres mund er og gøre en indsats på 1 million dollars.

Stock-to-Flow bliver ‚brudt‘ mindre end 5 år fra nu

Investeringschefen for Arcane Assets, Eric Wall, tog til Twitter den 11. november for at forklare vilkårene for sit væddemål. I sit tweet erklærede Wall, at han er klar til at give 1 million dollars til den person, der accepterer sit væddemål om, at den meget berømte Stock-to-Flow (S2F) -model bliver „brudt mindre end fem år fra nu“. Han er villig til at låse en million dollars sammen med en tredjepart, som de begge stoler på, og den person, der accepterer væddemålet, skal også gøre det samme.

Per mur betyder „brudt“ prisen på flagskibskryptoen ikke engang „50% af dens målområde“. Han beskrev S2F som ”latterlig”, fordi den kræver $ 5 millioner BTC på mindre end 5 år. Baseret på dette antyder 50%, at bitcoin vil blive værdsat til $ 700.000 inden november 2025.

Især CIO taggede den anonyme kryptoanalytiker PlanB, der populariserede S2F-modellen. Han præciserede imidlertid, at væddemålet ikke kun er for PlanB, men alle andre, der har penge til at låse op, er også velkomne.

PlanBs S2F-model bruger knaphed til at forudsige bitcoins pris med den antagelse, at kryptos pris stiger med hver halveringshændelse. Hvert fjerde år er bitcoin-blokbelønningerne skåret ned med halvdelen og reducerer derefter antallet af producerede bitcoins hver dag. Baseret på efterspørgsel / udbudsøkonomi bør prisen på bitcoin stige, når udbuddet reduceres. Mens bitcoin-maksimalister roser denne model – og alle dens gentagne gentagelser – er nogle kryptoeksperter uenige i den.

En anden hedgefondsforvalter besluttede at deltage i det sjove og opad. Ari Paul, der var medstifter af BlockTower Capital for tre år siden, og nu arbejder som fondens investeringschef (CIO) meddelte, at han ville tilbyde det samme væddemål, men med 3: 1 odds. Dette betyder, at nogen, der satser $ 1 million mod aktie-til-flow, står for at vinde $ 3 millioner.

Han forklarede yderligere:

”Jeg kan ikke tale med Erics logik på dette, men grunden til, at jeg er villig til at tilbyde dette væddemål uden overhovedet at skulle tænke på S2FX-nøjagtighed, er, at det er en simpel arbitrage. Køb BTC, kort S2FX ved 3: 1, umuligt at tabe. ”

Paul bemærkede også, at grunden til, at han tilbød en større udbetaling, var, at han mener, at ingen ville satse Wall på $ 1 million, endsige $ 100.000 på dette.

Hvis nogen accepterer væddemålet, og stock-to-flow-modellen ikke går i opfyldelse, får Wall og Paul $ 1 million. Tilsvarende, hvis S2F viser sig at være sandt, vil de have millioner af dollars at give ud, da flagskibet kryptovaluta vil handle på seks tal, og det er noget, Wall er helt okay med.

Bitcoin vai devorar o ouro, diz o CEO da MicroStrategy

• O CEO da MicroStrategy prevê que o bitcoin irá engolir o mercado de ouro.
• A análise sugere que a bitcoin pode estar em uma trajetória para desafiar o ouro como uma moeda alternativa.
• A bitcoin precisa de um crescimento de mercado de 10x para atingir a capitalização do mercado do ouro.

Gostaria de saber mais? Junte-se ao nosso Telegram Group e obtenha sinais de negociação, um curso de negociação gratuito e comunicação diária Bitcoin Profit com os fãs de criptografia!

O Trust Project é um consórcio internacional de organizações de notícias construindo padrões de transparência.

Em outro endosso à promessa futura da Bitcoin (BTC), o CEO da MicroStrategy, Michael Saylor, prevê que a BTC irá ofuscar o ouro.

Desde que se recuperou de sua queda da Quinta-feira Negra, o maior criptograma por capitalização de mercado está acima de 110% no acumulado do ano (YTD). O apetite institucional também parece estar crescendo, com as empresas públicas lançando dinheiro para a BTC como um ativo de reserva de tesouraria.

Bitcoin e Gold não irão coexistir

Tweeting em 10 de novembro, o chefe da MicroStrategy concordou com o co-fundador da Morgan Creek Digital, Anthony Pompliano, que Bitcoin acabaria sendo um ativo complementar ao Gold. De acordo com Saylor:

„Quando o Dragão Bitcoin emerge de seu covil, a primeira coisa que ele comerá é o Reino de Ouro“.

O ‚ouro digital‘ é uma descrição onipresente entre muitos comentaristas do setor. Na edição de 10 de novembro do „The Pomp Letter“, – o boletim informativo fintech diário de Pompliano – o Bitcoin bull argumentou contra as noções de que BTC e ouro acabariam coexistindo.

De fato, de acordo com analistas da JPMorgan, os investidores institucionais estão girando do ouro para o cripto alfa. Em seu relatório, o banco de Wall Street observou que a crescente entrada de BTC por parte dos grandes investidores de dinheiro poderia vê-lo desafiando o ouro como uma moeda alternativa no futuro.

Entretanto, para atingir essas alturas será necessário um aumento de pelo menos dez vezes na capitalização do mercado. Em uma entrevista com a CNBC em 9 de novembro, o magnata dos fundos de hedge Stanley Druckenmiller observou
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que sua aposta no bitcoin pode até produzir maiores frutos do que seu investimento em ouro.

O interesse institucional já está testemunhando empresas de capital aberto como a Square e a MicroStrategy adotando o BTC como um ativo de reserva de tesouraria. O crescente endosso corporativo da Bitcoin também pode desencadear ainda mais demanda por BTC entre os investidores.

Enquanto justifica o pivô em direção ao bitcoin, Saylor observou
em agosto que o BTC constituía uma proteção mais robusta contra as incertezas financeiras. Além do investimento em bitcoin da MicroStrategy, Saylor revelou recentemente seu próprio investimento de 17.730 BTC, avaliado em mais de US$ 273 milhões.

Com o bitcoin movendo acima de $15.000 pela primeira vez desde o início de novembro de 2017, a aposta do BTC da MicroStrategy já compensou um lucro de $168 milhões em apenas três meses.

It’s Coming and Going for Bitcoin – Optimistic Bitcoin (BTC) price predictions were already plentiful during this long period of price stagnation. With what could now be the start of a new bull run , there is no limit to optimism: $ 20,000, $ 100,000 or, why not, 288,000 for a single BTC.

Kraken sees Bitcoin surpass old high soon

In its last report from October 2020, the crypto-exchange Kraken is very confident about the future of Bitcoin prices. The trading platform is therefore convinced that Bitcoin Code is in a dynamic that will bring it at least to its previous ATH ( all time high ):

„Given that bitcoin has just reached a price spike that had not been seen for 33 months, thus achieving a new high after three years of falling prices (…) a rise to $ 20,000 seems very likely In the coming months. “

Reaching its new high only seems like a step in the evolution of Bitcoin’s prices now, if some bullish pricing models are to be believed. Kraken goes so far as to make a curve projection of up to .. $ 100,000!

Bitcoin to $ 288,000 and beyond?

In a tweet on November 8, BTC price analyst nicknamed PlanB (@ 100trillionUSD) renewed his confidence in his Stock to Flow (or S2F ) price modeling :

“People ask me if I still believe in my role model. To be clear, I have absolutely no doubts about the accuracy of theÀS2F model for Bitcoin, which will hit $ 100,000 to $ 288,000 before December 2021. In fact, I even have new data that confirms the shortage between supply and demand is real. In my opinion, 2021 will be spectacular. This is not financial advice. „

When we see investment funds specializing in institutional investors , like Grayscale , which start buying cryptocurrencies with hundreds of millions of dollars . One can indeed wonder if a breaking point will not quickly appear in the supply of new bitcoins.

As everyone knows the principle of supply and demand, and with bitcoin production that was halved with the halving last May, all the planets seem to be lining up for an upward price panic. Be careful though! You will have to fasten your seat belt, because if already usually „prices never rise in a straight line“, Bitcoin prices are famous for their volatility.

Le balayage (SXP) rebondit enfin – A-t-il atteint le fond ?

• Le SXP s’échange entre le soutien et la résistance à 0,75 et 1,20 dollars, respectivement.
• Le prix a franchi une ligne de résistance descendante.
• SXP vient de terminer la quatrième vague d’une formation haussière en cinq vagues.

Le Trust Project est un consortium international d’organismes Bitcoin Evolution de presse qui établit des normes de transparence.

Le prix du Swipe (SXP) a augmenté de manière significative au cours de la semaine dernière, après avoir rebondi à un niveau de soutien important.

Le prix a peut-être achevé une impulsion baissière, confirmée par la rupture d’une ligne de résistance descendante. Le SXP devrait continuer à monter vers les niveaux de résistance décrits ci-dessous.

Fourchette de négociation du Swipe

Le prix du SXP est en baisse depuis qu’il a atteint un sommet de 5,15 dollars le 13 août. Le 3 novembre, il a atteint un plus bas de 0,69 $ et a inversé sa tendance peu après. Le prix a augmenté de plus de 30 % depuis lors.

Il est intéressant de noter que le cours le plus bas était nettement inférieur au niveau final de soutien de la Fib (0,856), qui se situe à 1,20 $. Au contraire, ce niveau agit maintenant comme une résistance après avoir rejeté le prix le 8 novembre et laissé derrière lui une longue mèche supérieure.

Le graphique à court terme sur 6 heures montre que le prix a déjà franchi une ligne de résistance descendante. Bien que le mouvement à la hausse n’ait pas duré longtemps, puisque le niveau de 0,382 Fib a rejeté le prix, SXP tente de créer un creux plus élevé avant de se diriger vers la hausse.

Les indicateurs techniques soutiennent cette hausse potentielle puisque le RSI est supérieur à 50, et la ligne de signal MACD est supérieure à 0.

Même sur la période quotidienne, les indicateurs techniques sont en train de devenir haussiers, comme le montre l’histogramme MACD, qui a fait sa première barre positive.

Comme l’oscillateur stochastique est en train de réaliser un croisement haussier et que le RSI tente de passer au-dessus de 50, un rallye continu des prix provoquerait ces deux phénomènes, confirmant la tendance haussière.

Indicateurs techniques quotidiens

Le trader de cryptocurrences @TradySlim a déclaré qu’il est long SXP si le niveau de support actuel se maintient à 0,97 $.

Depuis le tweet, le prix a d’abord atteint un niveau légèrement plus bas, mais il a ensuite retrouvé ce niveau. Le mouvement des prix est intéressant car la baisse ressemble à une structure corrective A-B-C achevée (en noir ci-dessous), qui a probablement achevé la quatrième vague (en bleu) d’une formation en cinq vagues.

La dépression de la quatrième vague a eu lieu dans ce qu’on appelle un recul de la quatrième vague. Une cible probable pour le sommet de la vague 5 se trouve près de 1,35 $, donnée en projetant la hauteur des vagues 1 – 3 à la vague 4 et en utilisant un retrait externe sur la vague 4 (1,61).

La formation serait invalidée par une chute en dessous de la hauteur de la vague 1 à 0,81 $.

Une vision à plus long terme montre qu’il est probable que le SXP a achevé une impulsion baissière en commençant par le précédent sommet du 13 août. S’il est correct, le SXP va maintenant se replier en raison de la baisse, avec le premier niveau de résistance majeur trouvé à 2,37 $, le niveau de 0,382 Fib de l’ensemble du mouvement de baisse.

Une baisse en dessous du plus bas niveau du 3 novembre à 0,69 $ invaliderait ce compte de vague particulier.

Conclusion

Il semble probable que le prix du SXP ait achevé une impulsion baissière et ait commencé à se replier. Le prix devrait atteindre au moins un des objectifs mentionnés ci-dessus.

The European Central Bank is thinking more and more seriously about a digital euro and is now asking the EU population about it.

Christine Lagarde, the former director of the International Monetary Fund (IMF) and the incumbent President of the European Central Bank (ECB), asked the European people on Twitter today to give their opinion on a European Central Bank digital currency (CBDC)

“We are currently still in the testing phase, but we are now starting to collect public feedback so that European consumers can express their preferences and tell us whether they would accept a digital euro in the same way as a euro coin or a euro Euro bank note, if they know that it is central bank money that they can trust, ”as the ECB chief states in the accompanying video.

The comments on a possible central bank digital currency were part of a larger review by Lagarde of a „difficult year,“ as she herself says.

The topics she discussed naturally included the coronavirus and how the European Central Bank reacted to it, as well as the possible influence of monetary policy on climate change and how Bitcoin Circuit app and cryptocurrencies are more in line with the modern lifestyles of many Europeans than traditional means of payment and financial products.

„Europeans are increasingly turning to digital channels to save, shop and invest, so we should prepare to introduce a digital euro if it becomes necessary,“ Lagarde said

As Cointelegraph had previously reported, the ECB is already planning a feasibility study for its own digital currency for 2021 . The other central banks in the world are already making efforts in this direction, although progress has varied widely.

Finally, Lagarde’s tweet refers to a poll that Europeans can use to give their opinion on the issue. The head of the ECB writes:

„I would be interested in what you think of it.“