I ricavi dell’estrazione di Bitcoin nel Regno Unito salgono alle stelle, ma la Cina monopolizza il 75% della produzione di „blood coin“

Argo Blockchain, con sede nel Regno Unito, ha appena fatto ricavi record, ma un nuovo rapporto suggerisce che il 75% del mining di Bitcoin avviene ancora in Cina, dove viene prodotta la „moneta di sangue“.

Società di estrazione di Bitcoin con sede nel Regno Unito

Argo Blockchain, società di estrazione di Bitcoin (BTC) con sede nel Regno Unito, ha appena registrato il miglior trimestre della sua storia, generando entrate record per tre mesi di fila. Tuttavia, nonostante la fiorente impresa di estrazione di criptovalute che sta emergendo in Occidente, la stragrande maggioranza della produzione di Bitcoin avviene ancora in Cina, dove l’elettricità a basso costo alimentata a carbone alimenta un numero incalcolabile di impianti di estrazione.

Un recente rapporto di Nature.com ha rivelato che ben il 75% dell’estrazione di Bitcoin avviene in Cina – una notizia che deve cadere duramente sulle orecchie dell’investitore di Shark Tank e Dragon’s Den Kevin O’Leary, che recentemente ha etichettato tutti i Bitcoin estratti con l’uso di combustibili fossili come „moneta di sangue“.

L’investitore è arrivato al punto di dire che d’ora in poi, l’unico Bitcoin che avrebbe acquistato e trattato sarebbe stato „moneta pulita“ – cioè, Bitcoin proveniente da minatori che utilizzano energia verde o rinnovabile.

O’Leary ha anche affermato che gli investitori istituzionali inizieranno presto a prendere atto delle preoccupazioni ambientali coinvolte nell’uso di Bitcoin e potrebbero presto iniziare a cercare monete „vergini“ – cioè quelle con la loro fonte di produzione già nota e concordata in anticipo.

Secondo i ricercatori di Nature, le emissioni di gas a effetto serra della Cina dalla sola estrazione di Bitcoin avranno superato le emissioni totali della Repubblica Ceca e del Qatar messe insieme entro il 2024:

„Troviamo che senza alcun intervento politico, il consumo annuale di energia della blockchain Bitcoin in Cina dovrebbe raggiungere il picco nel 2024 a 296,59 Twh e generare 130,50 milioni di tonnellate metriche di emissioni di carbonio corrispondenti. A livello internazionale, questa emissione supererebbe il totale annualizzato delle emissioni di gas a effetto serra della Repubblica Ceca e del Qatar“.

Il panorama globale in termini di generazione di BTC

Aiutati dall’energia a basso costo dei combustibili fossili e dalla loro vicinanza all’epicentro della produzione di hardware per il mining nel sud-est asiatico, i minatori di Bitcoin in Cina dominano il panorama globale in termini di generazione di BTC.

„A causa della vicinanza ai produttori di hardware specializzato e l’accesso all’elettricità a buon mercato, la maggior parte del processo di mining è stato condotto in Cina, poiché i minatori del paese rappresentano più del 75% della potenza di hashing della rete Bitcoin“, afferma il rapporto.

In una notizia correlata più vicina a casa, Argo Blockchain ha appena registrato entrate record in tre mesi consecutivi, in quanto l’azienda ha raggiunto il suo miglior trimestre finanziario fino ad oggi. Utilizzando fonti di energia rinnovabile in centri operativi con sede in Canada, Argo ha estratto 387 BTC nel primo trimestre del 2021, con entrate che superano i 13,4 milioni di sterline britanniche (18,5 milioni di dollari). L’azienda ha riferito di possedere 764 BTC in totale alla fine di marzo.

„Sono lieto che Argo abbia generato entrate minerarie e profitti record per il terzo mese di fila, rendendo questo trimestre il miglior rendimento di Argo dalla nascita della società“, ha detto l’amministratore delegato di Argo Peter Wall.

Argo ha recentemente annunciato che avrebbe istituito un pool di estrazione di Bitcoin ad energia pulita alimentato solo da fonti rinnovabili e idroelettriche.

L’estensione della produzione di „blood coin“ in Cina è fortemente dibattuta, per non dire confutata, da molti nello spazio crypto – e oltre. Recentemente, il sindaco di Miami, Francis Suarez, ha affermato che il 90% del Bitcoin proviene da fonti di energia „sporca“.

Soon to be officially recognised as a business in Wyoming?

DAO: Soon to be officially recognised as a business in Wyoming?

The US state of Wyoming is preparing to become a veritable mecca for companies in the crypto sector. Senator Cynthia Lummis can only be pleased.

Among the US states, Wyoming enjoys a certain special status due to its extremely crypto-friendly legislation. This is largely due to Senator Cynthia Lummis, who is not only loyal to Bitcoin & Co. but also to former President Donald Trump. A momentous decision is now Bitcoin Superstar app pending in the Wyoming House of Representatives. There is a bill before them that requests that the DAO (Decentralised Autonomous Organisation) be recognised as a form of enterprise.

DAO on the way to more legitimacy

DAOs are companies whose hierarchy is built on smart contracts. Decision-making within the organisation is shared, rather than being the sole responsibility of one boss or executive. Wyoming would be the first US state to enact such a law. If the bill passes the House of Representatives, it would allow any DAO to set up shop in Wyoming. Such crypto projects would thus gain greater legitimacy as businesses. The reputation of the state of Wyoming as a blockchain-friendly jurisdiction for new companies would be further strengthened.

In addition to its efforts in favour of DAOs, the state also introduced a bill in February to establish a blockchain-based system for businesses. The scheme would allow reports, data and other information required by law to be filed via blockchain. Cynthia Lummis recently confirmed her reputation as a great crypto advocate in an interview with Chainalysis. She firmly believes that Bitcoin is on its way to becoming a „mainstream product“.

Deshalb sollten Sie Uniswap im Auge behalten

Wenn Sie die von Elon Musk ausgelöste Wanderung nicht berücksichtigen, war die letzte Woche für den Bitcoin- Markt nicht gerade großartig . Tatsächlich war es in den Augen vieler kaum gut – eine relative Wahrnehmung (offensichtlich), die durch die Überperformance der weltweit größten Kryptowährung zwischen dem 12. Dezember 2020 und dem 8. Januar 2021 gefördert wurde.

Bitcoin war über einen Zeitraum von zehn Tagen streng gebunden

Und es war auch nicht nur Bitcoin, da Ethereum zu weit unter seinem 2018-ATH in den Charts lag.

Im Gegensatz zu dem, was Maximalisten oder ETH-Befürworter glauben machen, gibt es auf dem Kryptomarkt jedoch mehr als nur Bitcoin oder Ethereum. Die jüngste Entwicklung des DeFi-Marktes ist ein typisches Beispiel dafür, dass Uniswap bei den meisten Parametern besonders gut abschneidet.

Uniswap , einer der Pioniere der Automated Market Maker (AMM) -Modelle, hatte zum Zeitpunkt des Schreibens einen Total Value Locked- Wert von über 3,20 Milliarden US-Dollar, wobei der DEX ebenfalls einen Marktanteil von über 40% hielt.

TVL allein reicht jedoch oft nicht aus, um ein vollständiges Bild zu erhalten

Wie IntoTheBlock feststellt, gibt TVL zwar häufig nur einen Einblick in die Angebotsseite der Gleichung, kann jedoch zur Beurteilung der Liquidität der Plattform verwendet werden.

Bedenken Sie Folgendes: Zwei Monate lang erhielten Liquiditätsanbieter UNI-Prämien im Rahmen des Liquidity Mining-Prämienprogramms von Uniswap. Was ist danach passiert? Nun, sobald das Incentive-Programm endete, sank seine Liquidität um 58%.

Für einen DEX ist ein Rückgang der Liquidität um 58% dramatisch. Uniswap erholte sich jedoch und erreichte im Januar neue Höhen. Tatsächlich übertraf das wöchentliche Handelsvolumen von 1,3 Milliarden US-Dollar kürzlich auch das vorherige ATH, ein ATH, das zuletzt während des „DeFi-Sommers“ im letzten Jahr festgelegt wurde.

Das ist jedoch noch nicht alles, da auch andere Metriken ins Spiel kommen. Laut dem neuesten Newsletter von IntoTheBlock stiegen die täglichen aktiven Adressen vor einigen Tagen auf 7,89 kA. Was mehr ist , die Zahl der großen (> $ 100.000) UNI Transaktionen konnten einen Anstieg von 139 bis 737 auf dem 27 – ten Januar.

Der exponentielle Anstieg derselben Metrik ist möglicherweise ein Beweis dafür, dass der Einzelhandel allein nicht für die zunehmende Beliebtheit des DeFi-Bereichs und damit auch von Uniswap verantwortlich ist.

Schließlich geht es auch um ewige Tauschgeschäfte. Wie bei vielen anderen Indikatoren kann das Volumen von Derivaten verwendet werden, um zu messen, wie stark die anhaltende Preisentwicklung in einem Markt ist. Laut der Crypto-Analytics-Plattform ist das Volumen der Perpetual Swaps seit Beginn der UNI- Preisrallye im Januar um über 463% gestiegen und hat vor einigen Tagen einen neuen ATH von 2,68 Mrd. USD erreicht.

Los cúmulos de ballenas de Bitcoin señalan 18,6 mil dólares como resistencia clave a corto plazo

Los cúmulos de ballenas de Bitcoin muestran que el nivel de 18.600 dólares es el nivel de resistencia a corto plazo más importante para el precio de la BTC.

El precio de Bitcoin (BTC) ha empezado a recuperarse el 12 de diciembre después de haber caído brevemente por debajo de los 17.700 dólares ayer. Los grupos de ballenas muestran que el nivel de 18.600 dólares sigue siendo el mayor bloqueo a corto plazo para el BTC.

Los cúmulos de ballenas se forman en un punto de precio en el que las ballenas acumulan Bitcoin Circuit y no mueven sus posesiones. Dado que las ballenas tienen más probabilidades de vender con un beneficio o un punto de equilibrio que con una pérdida, los cúmulos actúan típicamente como niveles de apoyo o resistencia.

A corto plazo, los grupos de ballenas de Whalemap muestran 18.600 y 18.800 dólares como las principales áreas de resistencia para los toros.

Bitcoin debe reclamar 18.600 a 18.800 dólares para reavivar el rally

Como Cointelegraph informó anteriormente, Bitcoin se enfrentó inicialmente a un riesgo de una corrección más profunda sin una fuerte reacción de los compradores por encima de 18.000 dólares.

Michael van de Poppe, un comerciante a tiempo completo en la Bolsa de Ámsterdam, dijo que el nivel de 16.000 dólares es la última área de soporte importante antes de 13.000 dólares. Por lo tanto, la zona de soporte de 17.600 dólares es crítica porque una caída por debajo de ella podría dejar a la BTC vulnerable a una prolongada tendencia a la baja con soportes aún más bajos siendo probados.

Pero, Bitcoin ha comenzado a recuperarse y las agrupaciones de ballenas sugieren que es probable que se produzca una recuperación de 18.600 a 18.800 dólares. Basándose en el apoyo técnico y los niveles de resistencia, el comerciante seudónimo Mayne, sin embargo, reafirmó que 18.700 dólares sigue siendo un área de interés para los vendedores. Dijo que:

„Si este rechazo confirma que vamos a ver otra pierna abajo. Parece que el comercio de 17.2k de dólares está lleno de gente, ¿llegaremos allí o sólo lo haremos con armas nucleares? Reclama 18.000 dólares y puede que exprimamos algunos pantalones cortos de última hora durante el fin de semana hasta 18.700 dólares“.

Los operadores también se han vuelto más cautelosos en la venta neta de Bitcoin en los últimos días. Aunque el impulso de BTC ha disminuido desde el principio de la semana, algunos creen que la entrada de grandes capitales de inversores institucionales podría compensar el riesgo de una retirada severa.

Otro comerciante seudónimo conocido como „Salsa Tekila“ señaló que el „irracional acortamiento de FOMO“ probablemente causó la caída de Bitcoin. Después de una caída intensa, es más probable que se produzca una recuperación. Escribió:

„Ya no estoy tan ansioso por acortar el seto, probablemente me quedaré en el lugar largo y arrancaré el cuero cabelludo tranquilamente desde aquí. Una bonita menta de 150 millones de dólares, un buen movimiento hacia abajo después de las buenas noticias, como si la gente FOMO hiciera un cortocircuito irracional. Últimas buenas noticias, $BTC bombeado antes de que el tanque se hundiera horas más tarde, reacción diferente.“

Dónde están las áreas de apoyo del grupo de ballenas?

Por encima de 17.000 dólares, los cúmulos de ballenas muestran dos áreas de apoyo principales a 17.170 y 17.700 dólares. El 12 de diciembre, cuando el precio de Bitcoin cayó a 17.572 dólares en Binance, Bitcoin vio una rápida reversión y se recuperó por encima de 17.700 dólares en tres horas.

La rápida recuperación de Bitcoin de 17.600 a 18.400 dólares en 24 horas muestra que hay una alta demanda de los compradores por debajo de los 18.000 dólares. A corto plazo, la agresiva puja por el apoyo del grupo de ballenas por parte de los compradores probablemente evitaría una corrección brusca.

Sin embargo, una preocupación en el futuro previsible es el Índice de Cripto Miedo y Avaricia. La última lectura aún muestra „avaricia extrema“ en 90 de 100, lo que sugiere que el riesgo de caída sigue siendo alto.

O preço do Bitcoin está perto de US $ 30.000, com novos recordes históricos

Um rápido retorno à forma para o Bitcoin gera ganhos diários de 8% e não dá indícios de uma reversão mais profunda abaixo de $ 30.000.

O Bitcoin ( BTC ) voltou a bater recordes em 30 de dezembro, depois que uma nova recuperação o levou acima de seu maior recorde de $ 28.400.

O preço do BTC é o melhor de todos os tempos

Dados da Cointelegraph Markets and TradingView mostraram que o BTC / USD enfrentou seu topo histórico existente durante as negociações de quarta-feira.

Em um forte ressurgimento durante a noite, o Bitcoin confirmou que não tinha tempo para ursos depois de cair brevemente para US $ 25.830 nas últimas 24 horas.

Os ganhos diários eram de 7,5% no momento da publicação, quando $ 28.560 se tornaram realidade.

A mudança deixa o Bitcoin cada vez mais perto de selar $ 30.000 como um novo nível psicológico antes do final do ano, algo que parecia impossível apenas uma semana atrás.

Como relatado pela Cointelegraph , no entanto, os analistas ainda acreditam que uma reversão poderia levar a maior criptomoeda a um suporte existente de US $ 19.500.

Na terça-feira, o analista da Cointelegraph Markets Michaël van de Poppe, no entanto, destacou $ 27.500 como a área crítica a ser quebrada a fim de preparar o caminho para novos recordes históricos.

O preço do Ether lidera os ganhos da Altcoin

O impacto indireto entre as principais altcoins foi claramente sentido, com Ether ( ETH ) se aproximando de US $ 740, após subir 5,5% no dia.

Polkadot (DOT) adicionado à força existente para ver o desempenho semanal se aproximar de 50%.

Bitcoin capitalization reached a new historic high

Bitcoin capitalization hits record high

The market valuation of the first cryptocurrency rose above $431 billion for the first time in history. At its peak in December 2017, it did not exceed $340 billion. At the same time, bitcoin continues to grow rapidly. While the cryptocurrency was trading near $22,200 in the morning, it is now worth about $23,000. FxPro’s team of analysts notes: „It’s pretty remarkable that exactly three years ago on December 17, 2017, bitcoin set its previous all-time high. What the new record will be will depend on the actions of institutional investors. Retail players are reaching out to the market now, but it will be quite dangerous to open positions as part of a short-term strategy at such high levels.“

Paxos raised $142 million from PayPal and other investors

Paxos completed a Series C investment round that raised $142 million. Participants in the round included PayPal Ventures, Declaration Partners, RIT Capital Partners and U.S. investment banker-billionaire Ken Mulis. The total amount of funds it has raised so far has exceeded $240 million. According to The Block, Paxos has held the tenth largest investment fundraiser of all time among cryptocurrency and blockchain companies. Paxos intends to use the money raised to attract Wall Street players to its solutions. Among other things, the company intends to obtain a national bank license. Paxos says that strengthening relationships with regulators and increasing assets will help it interest new customers.

American Express has invested in cryptocurrency company FalconX

The venture capital arm of payments giant American Express has invested in FalconX, a cryptocurrency trading platform aimed at institutional investors. The amount of the investment is unknown. FalconX provides institutional customers with access to cryptocurrency markets through a single trading, lending and clearing platform. The company serves more than 250 institutional clients and has a transaction volume of about $3 billion a month. American Express Ventures global development director Harshul Sanghi said, „FalconX helps provide simplicity in the increasingly complex digital asset space with a platform that provides all information and pricing in one place.“

Guggenheim Investments: A fair price for bitcoin is $400,000

Scott Minerd, chief investment officer at Guggenheim Investments, which has more than $230 billion under management, said that at current prices, bitcoin is an extremely undervalued asset. Minerd said his company began investing in bitcoin profit secret at around $10,000. He said, „Our fundamental work shows that bitcoin should be worth about $400,000.“ Guggenheim Investments analysts came to this conclusion based on two factors: bitcoin’s limited issuance and its value relative to gold. According to Minerd, the cryptocurrency shares many characteristics with the precious metal, but at the same time „has an extraordinary value in the context of transactions. That said, Minerd said buying bitcoin above $20,000 seems „a little more problematic.“

The cryptocurrency market’s aggregate capitalization as of 5:30 p.m. is $655,722,331,364. The 24-hour trading volume was $251,798,175,565

  • Bitcoin rose 16.26% to $23,064.77
  • Ethereum rose 11.1% to $661.98
  • XRP rose by 30.02% to $0.597
  • Tether fell in price by 0.12% to $0.999
  • Bitcoin Cash rose 10.06% to $320.86

The best growth among the top 100 cryptocurrencies showed: XRP (+30.02%).

Mining profitability

  • Bitcoin: $0.129 per 1 TH/s
  • Ether: $0.0422 per 1 MH/s
  • Bitcoin Cash: $0.164 per 1 TH/s
  • Lightcoin: $3,027 per 1 GH/s
  • Dash: $0.0111 per 1 GH/s

The manufacturer Soriano Motori partners with Coinbase for crypto payments

The Italian motorbike company Soriano Motori has announced support for crypto payment.

Customers can pay with Bitcoin, Ether, and Litecoin, among other „coins“.

A Soriano motorbike costs about 2 BTC at the current rate.

The Trust Project is an international consortium of media organisations based on transparency standards.

The Italian motorbike company Soriano Motori Bitcoin Machine will accept payments in cryptos for its vehicles, becoming the first company in the sector to do so.

From airline tickets to real estate transactions, cryptos are increasingly being accepted as a means of payment by companies seeking to increase their revenue streams.

Italian manufacturer accepts Bitcoins and other crypto „coins“.
In a press release issued on 14 December, the manufacturer Soriano announced that it accepts cryptography as a means of payment for its motorbikes. According to the release, customers can use Bitcoin (BTC) as well as crypto coins such as Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), among others, in exchange for its vehicles.

This initiative is the result of a partnership with the giant crypto exchange Coinbase. Soriano’s e-commerce shop will be integrated into the American platform. As a general rule, merchants must associate themselves with cryptomonnaie-fiat gateways that will allow conversion between virtual currencies and fiduciary currencies.

Customers who will pay by crypto will pay the value of the motorbike at the market rate of their preferred cryptomoney at the time of purchase. According to Soriano, given Bitcoin’s current exchange rate, the company’s offers are worth just over 2 BTC (approximately $38,600).

The company said the reasons for adopting crypto payments are as follows:

All of our customers will be able to benefit from the great advantages offered by cryptomoney. Thanks to digital currencies such as Bitcoin, we can carry out international transactions without commissions or worrying about exchange rate fluctuations, among other things.

Soriano is now joining a league of luxury brands that are deciding to adopt crypto. Companies such as Virgin Galactic and Dutch yacht charter giant Boatsters Black also allow their customers to pay with Bitcoin.

In addition to high-end shops, cryptomoney is also making increasing inroads into the field of retail micro-transactions. Indeed, 2021 promises to bring even greater expansion in this respect. The American online payment giant PayPal is thus supporting cryptography for online purchases.

At the beginning of December, PayPal CEO Dan Schulman pointed out that the time had come to adopt crypto payments. Factors such as the coronavirus pandemic and emerging government policies appear to be supporting the transition to a cashless economy.

Uniris: raak de Made In France crypto revolutie

Uniris: raak de Made In France crypto revolutie aan met uw vingertoppen!

Ondanks de steeds ingewikkelder wordende overheidsbeslissingen, verzetten de Franse crypto-projecten zich tegen en innoveren ze. Het is vandaag Uniris die in de schijnwerpers staat in onze zuilen. Om tegemoet te komen aan de wensen van een bevolking die zich bewust is geworden van de risico’s die verbonden zijn aan het uitlekken van hun Bitcoin Method persoonlijke informatie, zet het bedrijf een nieuw soort digitaal herkenningssysteem op. Het biedt u aan om u op de hoogte te houden van de ontwikkelingen door middel van regelmatige en informatieve publicaties.

Een project met stevige fundamenten

Zeldzaam zijn de projecten die kunnen rekenen op prestigieuze partners als HEC, de Universiteit van Parijs Saclay en Station F. Na te zijn geselecteerd als bevoorrechte partner van de Olympische Spelen van 2024 in Parijs, wordt de door Uniris voorgestelde oplossing nagevolgd. Het belooft een belangrijke speler te worden op het gebied van digitale herkenning.

Schijnbaar eenvoudige projecten vereisen vaak geavanceerde technische vaardigheden. De belofte van Uniris is om de identiteit van personen die hun vingerafdrukken gebruiken te beschermen. Deze oplossing maakt het mogelijk om traditionele wachtwoorden te verkorten, dankzij een ultra-veilige en fraudebestendige technologie.

Technologie en idealen

De experimenten zijn talrijk en een levensgrote test zal mogelijk zijn dankzij het partnerschap met de Olympische Spelen van Parijs in 2024. De groeiende activiteit die in het Uniris-ecosysteem plaatsvindt, wordt regelmatig in een nieuwsbrief vermeld, waardoor u de evolutie van een toekomstig vlaggenschipproject van de Franse blokketen kunt volgen.

Om een gemeenschap van gebruikers aan te trekken die deze naam waardig is, steunt het Uniris-protocol op het motto: Eenvoud. De slimme contracten die op het platform kunnen worden ingezet, zijn immers zo ontworpen dat ze binnen ieders bereik liggen. Het doel van deze toegankelijkheid is om een aanzienlijk netwerkeffect te bereiken, waardoor de Uniris-technologie een oplossing wordt die door het grootste aantal mensen wordt gebruikt.

Als de controle over je identiteit en de visie van een eerlijkere en meer respectvolle samenleving je leidmotief zijn, dan spreekt het voor zich dat het Uniris-nieuws als een frisse wind in de rug zal werken. Als Frans-Frans project zal het voor u mogelijk zijn om te communiceren met een gemeenschap die naar u luistert en gemeenschappelijke idealen heeft.

USDC Stablecoin Issuer Center anställer Wall Street-veteranen David Puth som VD

Center Consortium, det Coinbase- och Circle-baserade projektet som övervakar USDC-stablecoin, har anställt Wall Street-veteranen David Puth som sin första VD.

Puth har haft ledande befattningshavare på JPMorgan och State Street och senast var han VD för CLS, valutaförsörjningsleverantören som består av över 70 stora banker och finansinstitut.

Puth har också direkt erfarenhet av blockchain-teknik i en reglerad finansiell miljö, efter att ha utsetts till strategisk rådgivare för blockchain-byggare R3 för företag redan i januari 2019.

„Jag kunde inte bli mer entusiastisk över att gå med i Center vid denna kritiska tidpunkt i branschen“, sade Puth i ett uttalande. ”Tillväxten av USDC (USDC, + 0,15%) under 2020 är ett tecken på vad jag förväntar mig kommer att bli vägen för Center affärsverksamhet och framtida Center-stödda stablecoins.”

USDC är det näst största stabila valutan efter marknadsvärde på 2,98 miljarder dollar. Efter att ha expanderat till ytterligare blockkedjor de senaste månaderna listar vissa USDCs marknadsvärde ännu högre.

Center grundades 2018 av kryptobörsen Bitcoin Revolution och det digitala tillgångsföretaget Circle, det senare har navigerat i en anmärkningsvärd serie pivoter.

„Eftersom Center skalar för att lägga till nya medlemmar, valutor och intressenter är vi välsignade att ha en branschledare som har förståelse och erfarenhet för att hjälpa till att bygga detta nya internationella monetära system“, säger Circle CEO Jeremy Allaire i ett uttalande.

The most important crypto news of the week

Facebook renames the Libra; An assessment of the ECB’s digital euro; Ethereum 2.0 euphorizes the community; Bitcoin on BlackRock and Spotify’s radar is looking for a crypto expert.

Another exciting week in the crypto space is drawing to a close. Many exciting events have taken place and those that have most interested our readers can be found here in a compact overview.

As shown in a press release on Tuesday, Facebook’s planned stablecoin will now have a different name. As announced by the Libra Association, the cryptocurrency will henceforth trade under the name „Diem“ . As a result, the organization also adapts to the new name. There was also a change in the management floor. Stuart Levy became the new CEO of the Diem Association on December 1st. With this realignment, Facebook is pursuing the goal of countering any regulatory concerns in advance.

Assessment of the digital euro of the ECB

On Wednesday the European Central Bank published the long-awaited report on the digital euro. In the document, the ECB emphasizes that it has not yet decided whether a digital euro will actually be introduced. At the same time, however, the central bank stressed that it was ready to introduce a digital euro “if the need arises”. Three crucial key aspects are essential in order to be able to interpret the report correctly. First: the digital euro is not digital cash. Second: The ECB neglects the aspect of programmability. Third: intermediaries will also play an important role in the digital euro.

Ethereum 2.0 euphorizes the community

The biggest update in Ethereum history went as planned. After years of work, the Genesis block of the ETH 2.0 Beacon Chain has finally seen the light of day. The biggest change is the introduction of the proof-of-stake mechanism. The anticipation of the big upgrade really euphorized the community and is accordingly reflected in the Ethereum rate, which is currently at 600 US dollars. ETH owners around the world had stocked up on 32 ETH that were necessary to take part in the staking process. Crypto exchanges such as Binance and Coinbase had announced in advance that they would offer a staking service.

Bitcoin on BlackRock’s radar

Larry Fink, CEO of BlackRock, told a US think tank event that Bitcoin had appeared on the radar of the world’s largest wealth manager. There he said that the cryptocurrency had enormous potential and has already noticed an impact on the US dollar. BlackRock isn’t the first major asset manager to see potential in cryptocurrencies. The Fidelity Report published in October also recognized the possibilities that Bitcoin and the rest of the crypto space offer.

Spotify is serious

The music streaming service Spotify is looking for a new Associate Director for the Payment Strategies and Innovations department with proven expertise in the crypto space. The focus of the activity is on the application possibilities of well-known crypto technologies such as blockchain for the business of Spotify. In addition, cryptocurrencies in general, as well as stablecoins and central bank digital currencies (CBDC) and other digital assets, also fall within the scope of the post. Spotify is part of the Facebook consortium around „Diem“. With the job advertisement, Spotify shows that cryptocurrencies could apparently play a role for the company in the future.