Bitcoin on the front page of The Wall Street Journal

Cryptocurrencies have once again caught the attention of the mainstream media. The Wall Street Journal talked about the bitcoin rally up 80 percent on its front page.

Bitcoin ( BTC ) has rallied, up 80 percent in two months

Bitcoin is now attracting media interest again. The Wall Street Journal on November 23, on the homepage of its website about the acceptance of cryptocurrency institutional investor reports .

The report said Bitcoin recently received support from „Wall Street billionaires“ Paul Tudor Jones and Stanley Druckermiller, as well as other celebrities, including a sports radio host.

Prior to this report, Bitcoin was rarely present in mainstream media, despite the surge . And this despite the fact that the rise came to prices that it had not reached for a long time, and at the same time it set new records for market capitalization.

In addition to the substantial investments made by hedge fund managers and grayscale investments , the WSJ emphasizes that there is increasing demand among small investors. These can now access crypto assets through well-known financial services companies.

The report said the volume of bitcoin on Square’s Cash app was $ 1.6 billion in the third quarter of 2020

This compares to a total of just $ 555 million in 2019. Trading activity on the US exchange ItBit also increased sharply after it became known that PayPal’s Bitcoin trade would be processed through the platform.

On the same day, during an appearance on CNBC , PayPal CEO Dan Shulman predicted that increasing Bitcoin adoption would lead to crypto-assets „moving from a pure asset class to a currency.“ He also said:

„As paper money slowly disappears, a different type of transaction becomes established, and central banks, especially in retail, will have to replace paper money with digital fiat currencies.“

Pendenza scivolosa“ come nuove operazioni di censura delle piscine minerarie Bitcoin

Il lancio di una nuova piscina mineraria „censurata“ ha fatto temere ad alcuni Bitcoiners di essere un presagio di cose a venire.

BlockSeer ha lanciato la versione beta privata di un nuovo pool minerario Bitcoin (BTC) (Blockseer Mining Pool) che censura le transazioni dai portafogli nella lista nera.

Il pool utilizzerà i dati di etichettatura di BlockSeer e Walletscore tra le altre fonti verificate, come la blacklist dell’Office of Foreign Assets Control (OFAC) degli Stati Uniti per la criptazione, per identificare le transazioni BTC che non desidera elaborare. Il pool richiede inoltre a tutti i minatori di passare i protocolli Know-Your-Customer (KYC). Il COO della DMG Sheldon Bennett ha dichiarato:

„Il pool si concentra sull’essere privo di transazioni provenienti da portafogli noti e nefasti che utilizzano questo mezzo in modi che continuano a macchiare la reputazione delle valute crittografiche, in particolare il Bitcoin, nel mainstream, oltre ad impedire un’adozione diffusa“.

L’ex lead developer di Monero Riccardo Spagni (@fluffypony) ha suggerito su Twitter che questo potrebbe essere l’inizio di una discesa scivolosa. Ha ipotizzato che la censura delle transazioni da parte delle piscine minerarie Bitcoin potrebbe diffondersi a causa delle pressioni normative e ha detto che la preoccupazione era di: „le autorità di regolamentazione che guardano a questo e pensano che sia una buona idea ‚per casi estremi come la lista criptata dell’OFAC‘, allora diventa applicabile“.

„Aggiungendo più privacy alla Bitcoin si eviterebbe questo“, ha suggerito Spagni, aggiungendo:

„Cose come p2pool & Stratum v2 lo rendono praticamente inapplicabile, e preferirei fare affidamento su questo piuttosto che su una speranza e una preghiera“.

P2pool è una piscina mineraria decentralizzata Bitcoin che è stata fondata nel 2011. La bozza dello Stratum V2, di Braiins, è una revisione completa che implementa BetterHash, un protocollo secondario che permette ai costituenti del pool minerario di decidere la composizione del blocco che estrarranno – invece dei pool che hanno il controllo su quali transazioni includere in ogni blocco. Questo dovrebbe rendere impossibile la censura del pool. Secondo il co-fondatore di Braiins, Jan Capek, la bozza ha ancora bisogno di una revisione formale, ma riceverà sovvenzioni da Square Crypto per un ulteriore sviluppo.

Il fondatore del sito web di Wallet Scrutiny, Leo Wandersleb, ha suggerito che il „pendio scivoloso“ della censura „porterà a una forcella morbida“ dove le piscine che seguono questo approccio rifiuteranno di costruire „su blocchi che non usano i loro filtri“.

Questa pendenza scivolosa porterà ad un „soft“ dove i pool che seguono questo approccio rifiuteranno di costruire su blocchi che non usano i loro filtri. Lasciate che abbiano la loro moneta americana.
– Leo WalletScrutiny Wandersleb (@LeoWandersleb) 11 novembre 2020

Nell’agosto del 2019, il Bitcoiner Eric Voskuil aveva previsto che i pool governativi avrebbero estratto in perdita per censurare, mentre i pool del mercato nero avrebbero raccolto le tasse del mercato nero.

Non tutti sono convinti che la censura delle transazioni sia applicabile senza il sostegno della maggioranza dei minatori. Il CIO di BlockTower Ari Paul ha detto che anche se un solo minatore non si conforma, allora c’è la possibilità che le transazioni sulla lista nera siano incluse, ma aggiunte:

„C’è un problema però – il 99% (o il 51%) potrebbe scegliere di rendere orfano qualsiasi blocco con un indirizzo sulla lista nera, ma questo richiede una collusione“.

Erik Voorhees, ritiene che arriverà il momento in cui la censura delle transazioni rappresenterà una seria minaccia per la Bitcoin:

„Questo non è un problema imminente, ma sta arrivando. Ora è il momento di prepararsi“.

Week in crypto: Maximums for Bitcoin, euphoria and controversy

Once again we bring you the most important news of the week, especially from Bitcoin, to get you off to a good start on Monday.

This week in the crypto market was quite euphoric and entertaining thanks, for the most part, to the movements of Bitcoin (BTC). We told you everything you need to know to start the week off right.

Bitcoin price stable at $13,500, while other crypts are in red

Weekly crypto market summary
Bitcoin achieves supernatural strength

On October 27th we reported in Crypt Trend that Bitcoin (BTC) had managed to surpass its 2020 peak to stand slightly above USD 13,000.

We also pointed out that Michaël van de Poppe, an analyst at CoinTelegraph, explained that the leading crypto showed a clear zone of resistance between USD 13,000 and USD 14,250; this last level being the next big hurdle that the crypto market has to face before seeing BTC at USD 20,000.

However, after reaching its annual high of USD 13,859, on October 29th Bitcoin retreated slightly and took the rest of the crypto market with it.

Even so, the leading crypto was able to hold on to the $13,500; the same couldn’t be said for the rest of the crypto market, which remained in the red.

So, this week in crypto has been quite positive for Bitcoin. What does the next one hold?

MicroStrategy has made $100 million since it acquired Bitcoin

MicroStrategy falls more in love with Bitcoin every day

Leading crypto has certainly been driven by increased demand from large institutional investors such as MicroStrategy. Therefore, Bitcoin learned how to keep them happy.

Let’s remember that MicroStrategy invested USD 425 million in the leading crypto; an investment that motivated the entire crypto market. As it turns out, this week it was revealed that this investment has brought them $100 million in profits.

Also, Michael Saylor, CEO of MicroStrategy, said this week that Bitcoin „is a $250 billion solution.

That’s how Bitcoin has become more interesting every day, and that’s exactly what Grayscale revealed this week in its October report.

Bitcoin is almost 100 days over $10,000, so what’s next?

Leading Crypto to Turn 100 Days Above $10,000

That’s right, soon Bitcoin will be 100 days old and over $10,000; the longest time it’s ever been over that mark.

As we reported in CryptoTrend, the leading crypto has a pattern where, after spending more than 100 days above a level, the price is catapulted to a new level.

Will it do so this time? The next few weeks will tell.

Forbes leaks documents on how Binance dealt with US regulations

Crypto Problems of the Past Stalk Binance

In almost every week we can find some controversial or problematic news in the crypto market; this time it has been an alleged strategic document apparently made by Binance to deceive the regulators.

The news about the leaked document was published by Forbes this week; the article claims that Binance tried to communicate with those responsible, including CEO Changpeng Zhao, but they did not get an answer.

CZ responded on Twitter, mentioning the Forbes article and assuring that the document was not made by an employee or former employee of Binance. He added that anyone could have done it but that does not mean that Binance will follow it.

John Forbes Nash, could it be Satoshi Nakamoto?

New evidence, new possible Satoshi Nakamoto

This week a series of fairly credible evidence emerged that points to John Forbes Nash as the person behind the pseudonym Satoshi Nakamoto.

At CryptoTrend we have collected all the evidence that points to the possible identity of Satoshi Nakamoto.