All eyes may be on Bitcoin right now, but in the decentralised finance (DeFi) sector on Ethereum, investors were surprised by the rally of a coin called Saffron Finance (SFI), also known as Spice.

At first glance, it may be unclear why the coin is seeing a rally: Saffron Finance is run by an anonymous team, and moreover the contracts of the protocol are currently unchecked.

But the coin has risen 400 per cent in the last two days alone – and even more if you look at the starting price on Uniswap five days ago.

What is Saffron Finance?
The story of Saffron Finance is unique. It is basically a clone or competitor of BarnBridge, a similar protocol run by „doxxed“ developers and financed by leading investors in space such as Kain Warwick of Synthetix.

BarnBridge and Saffron Finance are both trying to introduce tranches into the crypto-currency space.

Tranches are concepts from the traditional financial industry that say that financial products can be split to separate risk and return to meet the different needs of investors. Simply put, junior tranches carry more risk but generate more return, while senior tranches carry less risk but generate less return.

A few weeks after BarnBridge unveiled its website, Saffron Bitcoin Millionaire review suddenly appeared and started a group at Discord and Telegram with a few dozen members.

At first it was quiet for a few days. Then it became clear that Saffron actually had a product, unlike BarnBridge.

Saffron’s first product is the carved liquidity provision for Compound in the DAI. Providers of junior tranches receive a small interest payment (~0.5 percent APY), while providers of senior tranches can make about 50 percent APY. Depositors will receive SFI.

Although the project is run by anonymous developers, it has attracted much attention on Twitter. Investors from prominent DeFi funds like Spartan Capital, Mechanism Capital and others have mentioned the Saffron Finance project in a positive light.

Tokenomics from SFI initiate a pump

According to CoinGecko, SFI has risen 400 percent in the past two days, rising from $150-200 to now $800. It has risen even further considering that it started out at around $30-40 five days ago.

Spice now has a fully diluted valuation of $80 million.

The rally is due in part to a rise in interest rates. As mentioned earlier, a number of investors have all tweeted about the coin in recent days, raising awareness of the project among many.

Second, SFI’s rally has risen sharply due to unique symbolic decisions.

To pay into the junior tranches, Saffron Finance is having an SFI and DAI pay in at a ratio of 1:1000. This helps to reverse the protocol in the event of a hack and promotes the use of SFI.

The interesting thing is that users earn much more SFI by paying in the junior tranches, although they need SFI to get in.

So the pressure to buy started a few days ago to get into the junior tranche. The unique symbolic decision to commit SFI to enter the Junior Tranche continues the price action upwards:

The Junior Tranche is attractive because of the higher SFI yield
User buys SFI; price increases
Yield of the Junior tranche increases, attracting more users
More users buy SFI; the price goes up even more – and from the top

Analysts are currently divided on whether the coin is overvalued or not. While many see value for Ethereum-DeFi in tranched financial products, the „token comics“ may have led to a short-term bubble.

Payment giant PayPal has removed its waiting list for crypto services, which means that all eligible US customers will now be able to buy, sell and hold cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) . The maximum amount per week that customers can use to invest in Bitcoin & Co has also been increased. You can read more about it here and now.

PayPal is lifting the waiting list and allowing US customers to buy Bitcoin

The payment service made headlines last month when it announced its plans to support digital currencies.

While it was originally suggested that there would be a waiting list for customers interested in purchasing cryptocurrencies, the company has now opened the service to all eligible US customers. Americans can now use The News Spy, Ethereum (ETH) and Bitcoin Cash (BCH). Eric Conner shows how it looks in practice with a screenshot on Twitter.

The purchase limits are also said to have been increased so that US buyers can invest up to $ 20,000 per week in Bitcoin . The original plan was $ 10,000 a week.

While it is currently unknown whether the service will expand globally, all indications are that the payment giant will position itself more strongly in cryptocurrencies like Bitcoin and Ethereum. It should therefore only be a matter of time before we in this country also get the opportunity to buy Bitcoin & Co via PayPal. Whether you want that too is another question. In any case, it will lower the inhibition threshold for many newcomers in the field of crypto currencies to actively invest in Bitcoin.

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Bitcoin sembra che stia per correggere da $16.000 dopo una corsa parabolica

Tali corse paraboliche hanno visto Bitcoin correggere oltre l’80% in passato
Ci sono motivi per pensare che questa volta non sarà così, tuttavia

Bitcoin e ascese paraboliche vanno di pari passo, così come le correzioni che seguono. Le correzioni dell’80% non sono rare per il Bitcoin, dopo il tipo di mossa che abbiamo visto da marzo, che ha portato il Bitcoin da 3.800 a 16.000 dollari. La storia ci ha dimostrato che aumenti massicci portano a correzioni massicce, quindi siamo in attesa di un altro oscuro inverno cripto o c’è motivo di pensare che cieli più luminosi ci attendono?

La storia parabolica di Bitcoin

La mossa parabolica più famosa di cui la Bitcoin abbia mai goduto è stata, ovviamente, nel 2017, quando ha raggiunto il massimo storico di 20.000 dollari nel dicembre di quell’anno. Questo è stato seguito da una correzione dell’82,5% che ha richiesto due anni di lavoro:

Prima del 2017 è arrivata la più grande delle due mosse paraboliche del 2103 che ha visto Bitcoin raggiungere 1.160 dollari nel novembre 2013 prima della correzione a 150 dollari, un calo dell’87% che ha richiesto più di due anni per fare il suo corso:

La storia suggerisce quindi che quando il Bitcoin gode di un movimento parabolico, segue una lunga e quasi totale correzione. Questi esempi dovrebbero giustamente farci temere ciò che potrebbe essere in serbo per il Bitcoin, dato che è salito quasi esclusivamente da marzo, passando da 3.800 a 16.00 dollari senza una correzione importante. Seguendo un tale schema ci vedremmo ricadere a 3.200 dollari entro febbraio 2022, il che è quasi impensabile visto quanto il Bitcoin sia arrivato fondamentalmente dal 2017 – quasi impensabile come pensare nel dicembre 2017 che il Bitcoin sarebbe sceso a 3.120 dollari.

Ragioni per essere allegri

Ma non tutto è perduto. Mettendo da parte la maggiore forza fondamentale di Bitcoin rispetto agli anni precedenti, c’è un’altra ragione per cui le cose sono diverse questa volta: il tempismo. Le mosse paraboliche 2013/14 e 2017 sono arrivate alla fine dei lunghi mercati dei tori, rappresentando il picco di anni di accumulazione e di azione al rialzo dei prezzi. Questo spiega l’enorme correzione successiva.

Abbiamo due esempi di volte in cui Bitcoin è andato in parabolica e ha reagito in modo molto meno aggressivo. Prima della mossa parabolica del novembre 2013, Bitcoin ha goduto di una prima corsa parabolica nell’aprile di quell’anno:

Come possiamo vedere, mentre il Bitcoin ha subito una correzione flash dell’83%, ha rapidamente rimbalzato e si è scrollato di dosso i suggerimenti di un mercato pluriennale degli orsi, entrando nel mercato reale dei tori appena sette mesi dopo.

Allo stesso modo, nel 2019 il Bitcoin ha toccato il fondo del suo mercato degli orsi, da 3.120 a 14.000 dollari nel giro di sei mesi, e ha raggiunto il suo apice a giugno. Ancora una volta, una correzione dell’80% e il mercato pluriennale degli orsi non si è materializzato, poiché il prezzo è sceso solo del 53% prima di riprendere la tendenza al rialzo (mettendo da parte il cigno nero del crollo di marzo):

La differenza sembra essere quando la corsa parabolica si svolge all’interno del ciclo. Le corse paraboliche che hanno avuto luogo poco dopo la rottura della struttura del mercato dell’orso (aprile 2013 e 2019) hanno portato a correzioni meno aggressive e a un ulteriore rialzo in seguito, mentre le corse paraboliche che hanno avuto luogo alla fine dei mercati dei tori pluriennali (novembre 2013 e 2017) hanno portato a correzioni dell’80% e a lunghi mercati dei tori.

Bitcoin ha rotto il suo mercato dell’orso a due anni e mezzo solo a luglio, quindi possiamo essere abbastanza fiduciosi che questa corsa a 16.000 dollari non sia la più grande e che una correzione dell’80% non sia sulle carte questa volta. Anche una correzione del 50% a 8.000 dollari è una considerazione estrema, il che ci lascia con una prospettiva molto più eccitante – il vero mercato dei tori deve ancora arrivare.

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Bitcoins that go poof – It’s an extraordinary and mysterious Bitcoin Evolution review movement that just happened on November 3rd. A huge wallet linked to the black market Silk Road that contained 69,370 BTC has just been completely emptied.

A transaction out of the ordinary

CipherTrace is a cyber security and blockchain transaction monitoring company. On November 3, it spotted an exceptional movement from a Bitcoin portfolio (at 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx).

An anonymous person has just transferred the 69,370 BTCs of this wallet, i.e. more than $955 million, to another address whose owner is also unknown. He first transferred 1 BTC (probably as a test), before transferring 69,369 BTCs.

The bitcoins that were moved would originally have come from the black market of the darknet Silk Road.
Details of the portfolio and its nearly $1 billion bitcoin transaction

According to CipherTrace, it would appear that this transaction was done „to switch from one address format to another“. Indeed, the old address is a Legacy/P2PKH address (starting with a „1“), while the new address is a Bech32/P2WPKH address (starting with „bc1q“).

A voluntary action or a hack?

While CipherTrace believes that this important move may simply have been done to „stay current with the Bitcoin network“, the cyber surveillance company believes that there is also a possibility that the wallet may have been „cracked by hackers“.

Indeed, the portfolio has been in existence since 2015 and is well known to Darknet hackers, many of whom appear to have attempted to access it. It must be said that the BTCs at stake represent a nice sum.

It can also be noted that, these bitcoins having been deposited well before the successive hard forks of Bitcoin Cash (BCH) and BSV, an equivalent quantity of these forked cryptos have also been moved to new BCH and BSV addresses a priori specially created for the occasion.

Whether the original owner or a hacker, he has thus very conscientiously transferred this „small change“, which represents respectively 16.3 million and 10 million dollars.

No one knows why this transaction took place or what the future holds for this large quantity of Bitcoin. However, the sulphurous origin of these BTCs remains engraved in the blockchain, and it will prove difficult to sell them – at least quickly, even through mixing services to blur the tracks.

Stigningen i prisen på bitcoin har ført til en stigning i minearbejdernes indkomst. Ved udgangen af ​​oktober tjente de $ 353 millioner (+ 8%), som tidligere rapporteret af CoinMetrics-analytikere.

Gamdom.com – Deltag i kampen for $ 50.000Begynd at optjene point for alle satsede Gamdom-mønter, og se, hvor langt du kan klatre på ranglisten!

Minearbejdernes indkomst er vendt tilbage til de niveauer, der er observeret i løbet af den såkaldte majhalvering (reduktion i belønningen for minedrift af en blok).

I de første fem dage af november har bitcoin-minearbejdernes indkomst allerede udgjort næsten $ 21 millioner. Sidste gang de modtog omtrent de samme fordele i begyndelsen af ​​maj 2020.

Huawei afslører smartphone med indbygget digital yuan tegnebog

Analytikere tilskriver denne tendens til den igangværende rally i bitcoin. Parallelt har der været en stigning i gebyrer for behandling af transaktioner i BTC-netværket. Siden slutningen af ​​oktober er afgifterne steget med næsten 200%. Siden begyndelsen af ​​november har minearbejdere tjent 4,15 millioner dollars fra kommissionsbehandling, hvilket er ca. 20% af deres samlede indkomst.

CryptoQuant-teamet mener, at mange minedriftspuljer snart begynder at sælge deres akkumulerede bitcoins til kontanter i november-rallyet.

Tidligere tweetede CEO for CryptoQuant, Ki Yang Joo, at store cryptocurrency-indehavere allerede er begyndt at bringe BTC til børser. Det er et alarmerende signal for markedet. Den samme ekspert mener imidlertid, at minearbejdere vil forsøge at vente på en højere bitcoin-pris for at få mest muligt ud af det.

The Coinbase exchange has announced the addition of three ERC-20 altcoins. The price of these three assets has just exploded, against the backdrop of the Bitcoin (BTC) bull run.

Coinbase unlocks HVAC, MANA and DNT

The exchange broke the news in a statement yesterday . The addition of the Civic ( CVC ) , Decentraland ( MANA ) and District0x ( DNT ) tokens is for the web version of Coinbase, as well as the Android and iOS apps. As usual, however, users located in New York State will not be able to access it.

Civic (CVC) is a blockchain identity verification service. It allows to provide proof of identity to an entity , while protecting the privacy of the person. We told you about this project last June, because Civic proposed to provide proof of coronavirus screenings through its app.

As for the MANA, this is the asset of the Decentraland project . This blockchain video game offers its users a virtual world with building land . The game was launched in early 2020 and had already seen several events, including a reproduction of the SpaceX launch .

Finally, the District0x project is a network of decentralized marketplaces . It allows users to organize themselves into marketplaces: districts. The DNT is its governance token, which is used by the community to vote on the future of the project.

Altcoins advance thanks to Bitcoin bull run

While the results of s election s American ’s are still waiting and plunge the world into uncertainty, the price of Bitcoin (BTC) has exploded, exceeding 15 000 for the first time in 3 years . As a result, altcoins are also partially following the trend.

And for those who just added Coinbase, the progress is particularly marked. The MANA has been performing well for 24 hours: it gained + 25%. The DNT is located outside the top 100 of the ranking of cryptocurrencies by market cap, but it explodes even more, with a colossal jump of + 276% over the last 24 hours:

Finally, Civic’s CVC has also experienced a considerable jump, at + 57% over the last 24 hours . These three assets stand out frankly from the top 10 altcoins, which have grown overall since yesterday, but not to the same extent. The ETH thus took 7%, the XRP experiencing an increase of + 4%, and it is known that the CTL yet the sharpest jump among altcoins of magnitude, with + 10%. The “Coinbase effect” is therefore very present.

Cryptocurrency Custody Platform Casa gab gestern bekannt, dass Benutzer jetzt ihre Bankkonten verwenden können, um Bitcoin auf der Plattform zu kaufen. Die Plattform gab bekannt, dass sie den Service für ihre Kunden mit Sitz in den USA startet. Es wurde auch angegeben, dass das gekaufte Bitcoin direkt an die Brieftasche des Benutzers gesendet wird.

Laut der Ankündigung können die Benutzer über den neuen Service in einem Monat Bitcoin im Wert von bis zu 200.000 USD kaufen, wobei für jeden Einkauf eine Gebühr von 0,99% erhoben wird

Nick Neuman, Chief Executive Officer der Plattform, sagte, Benutzer könnten Bitcoin über die Partnerplattform Wyre kaufen. Er sagte, dass mit jedem Kauf eine Mining-Gebühr verbunden ist, da alle gekauften Bitcoins in der Kette direkt an die Brieftasche des Benutzers gesendet werden.

Krypto-Börsen erheben auch Mining-Gebühren, normalerweise, wenn Benutzer ihre digitalen Assets auf ihre Brieftaschen übertragen.

Laut Casa ist die Gebühr von 0,00% für eine einzelne Transaktion eine der niedrigsten Gebühren der Branche.

Casa behauptet, dass es ein überlegenes Sicherheitsmodell hat, das die Investitionen der Kunden sicher hält, da es den Benutzern die volle Kontrolle über ihre Gelder gibt und gleichzeitig die Gelder sicher hält.

Kunden haben exklusiven Zugriff auf ihre Brieftaschen, da sie über die Schlüssel verfügen . Sie haben also die Freiheit zu wählen, wie sie ihre Konten verwalten.

Drittanbieter-Depotbanken behalten aufgrund der hohen Sicherheitsstufe, die sie für die bei ihnen gespeicherten BTC bereitstellen, etwa 50% aller Bitcoin-Depotbanken.

Sie bieten den Benutzern außerdem die volle Souveränität und Kontrolle über ihre Gelder, wodurch das Bitcoin-Netzwerk weniger belastbar wird.

Laut Casa besteht einer der Vorteile des Vertrauens in die Plattform für die Verwahrung von Geldern darin, dass die Risiken oder Komplikationen, die Händler und Investoren bei der Aufbewahrung ihrer Gelder haben, verringert wurden . Die hohen Risiken sind die Gründe, warum viele Bitcoiner nicht an Selbstverwaltung interessiert sind.

Die Casa-Plattform wird sich jedoch um diese Probleme kümmern, da sie eine absolut sichere Verwahrung der Gelder der Benutzer ermöglicht. Ein weiterer Vorteil ist die Tatsache, dass ihre Mittel gegen jedes Risiko versichert sind.

Der Bewerbungsprozess ist einfach

Casa hat Benutzer darüber informiert, wie sie mit der Plattform beginnen können. Laut Angaben des Unternehmens können Benutzer die Schaltfläche für das Bankkonto auf dem Kaufbildschirm der Casa-App verwenden. Sie werden an den Einkaufspartner des Unternehmens, Wyre, weitergeleitet, um den Vorgang abzuschließen.

Die Überprüfung der Anwendung nimmt auch nicht viel Zeit in Anspruch. Laut Casa dauert jede Überprüfung der Benutzeranwendung zwischen einigen Minuten und einigen Stunden. Sobald die Überprüfung abgeschlossen ist, wird eine Benachrichtigung an den Benutzer gesendet, und er kann sofort mit dem Kauf von Bitcoin über seine Bankkonten beginnen.

Das Unternehmen gibt an, dass sein Verarbeitungspartner bei der Bearbeitung des Bitcoin-Kaufs einen Lichtbildausweis sowie die vollständigen persönlichen Daten benötigt. Die Anforderungen bestehen darin, sicherzustellen, dass das Geschäft den staatlichen Vorschriften entspricht, und Betrug zu schützen. Die Daten werden niemals auf dem Casa-Server gespeichert, da sie über die Casa-App übermittelt werden.

A half-fig, half-grape week – Ethereum is in an explosive configuration against the dollar. However, it fails to keep up with the breakneck pace imposed by Bitcoin. Overview !

Ethereum versus the dollar: consolidation before the explosion?

Ethereum is trading at $ 394 at the time of writing. From a peak at $ 420 following PayPal’s announcement , Ethereum has consolidated above $ 382. This is an important level , as this level served as support in August and turned to resistance in September. Breaking through this resistance, with the subsequent pull back , and price consolidation above, points us to a short-term uptrend . However, a return below 360 dollars would invalidate this hypothesis.

Between the American pre-election week, gloomy stock markets and the rise of the Covid in European countries, the context is uncertain to say the least this week . However, the trend remains bullish on Ethereum on a weekly basis . Ethereum closed a new week above $ 400, levels worthy of 2018. We are emerging from a 2 year build-up period and here too the price is consolidating above its old resistance. (in red). The graphics setup is explosive for Ethereum.

Ethereum versus Bitcoin: a difficult pace to follow

After outperforming all summer, Ethereum continues to lose ground against Bitcoin. The support has been tested several times in recent weeks and Ethereum has finally given in in the face of repeated assaults from the cryptocurrency king.

We are in a short term downtrend. However, nothing maddening! This negative trend mainly stems from the hellish pace recently imposed by Bitcoin rather than a loss of speed of ETH.

Despite Bitcoin’s recent outperformance, Ethereum still remains in a medium-term bullish trend against it. This assumption remains valid, as long as the price is above the support zone (in green). Further market analysis will be required if the support area is depressed.