Uniswap crosses the $ 100 billion cumulative volume threshold

Uniswap has crossed the $ 100 billion mark in cumulative volume.

It continues to be the market leader by a considerable margin.

Backed by DeFi, the exchange is seeing high usage despite the rising cost of Ethereum gas

The decentralized exchange Uniswap (DEX) took another milestone on February 15, reaching $ 100 billion in cumulative volume since its launch in 2020.

Uniswap became the first DEX to cross the $ 100 billion volume milestone, a feat founder Haydn Adams celebrated on Twitter on February 15.

The value counts all transactions processed since Bitcoin Code launched in August 2020.

DEX Weekly Volume: Dune Analytics

This statistic is just one more reminder of Uniswap’s dominance in the DEX market. It is by far the most popular DEX on the market, beating SushiSwap and Curve Finance by a nice margin. The latter two have processed around $ 2.9 billion and $ 1 billion respectively over the past seven days, while Uniswap has processed a staggering $ 7.3 billion.

Uniswap crushes the competition

Uniswap follows in its record behavior since January 2021, which has seen growth in many areas. This includes an increase of about 25% in cash , which stands at $ 3.6 billion.

This popularity gives Uniswap a 54% share of the DEX market. However, despite its dominance, there is still stiff competition from Sushiswap and others.

Uniswap is expected to launch a new version of its platform, Uniswap v3, in the coming months. This is expected to attract even more users – although it is impossible to know when the DeFi markets will peak. By all accounts, it doesn’t look like the momentum is stopping anytime soon.

We’re thrilled to announce that UNI, the Uniswap Protocol governance token, is live now on Ethereum mainet!

The UNI token has also been the source of much discussion. Uniswap users received 400 UNI tokens through an airdrop in September 2020. The token now costs around $ 20, 10 times more than its lowest price to date.

ETH sieht 32% 7-Tage-Gewinne als Altcoins Party

ETH sieht 32% 7-Tage-Gewinne als Altcoins Party: Das wöchentliche Krypto-Markt-Update

Diese Woche sahen viele Altcoins, die zweistellige und sogar dreistellige Gewinne verzeichneten. Dies hat die Dominanz von Bitcoin auf rund 60% in einer scheinbar blühenden Altcoin-Saison reduziert.

Diese Woche war zweifelsohne eine Altcoin-Party. Obwohl Bitcoin in den letzten sieben Tagen ziemlich stark bei Bitcoin Era gestiegen ist, waren es die Altcoins, die die Show gestohlen haben und fast jeden Tag große Zuwächse verzeichneten.

Beginnen wir jedoch mit BTC. Er begann die Woche bei etwa $34.000 und war in den ersten Tagen eher unentschlossen und tauchte ein paar Mal unter $33.000. Am Dienstag begann der Preis jedoch zu steigen und erreichte ein Wochenhoch bei knapp $39.000, bevor er sich auf einen Stand von derzeit rund $37.500 einpendelte.

Alles in allem hat BTC in den letzten sieben Tagen rund 15% zugelegt, aber was auf dem Altcoin-Markt passierte, war weitaus interessanter. Die alternativen Münzen reduzierten die Dominanz von Bitcoin auf 60%, als sie ihr Stück vom Kuchen einforderten.

Ethereum markierte heute ein neues Allzeithoch bei $1784, während fast alle der Top-20-Kryptowährungen (mit kleinen Ausnahmen) zweistellig gestiegen sind. Aave ist um rund 80% in die Höhe geschossen, BNB ist um 40% gestiegen – es wird jetzt über $60 gehandelt, Uniswap’s UNI ist ebenfalls um 40% gestiegen, dasselbe gilt für Cardano. Inzwischen, XRP sah auch einen Anstieg von etwa 55%, und Bullen Auge jetzt die $0.5 Ziel.

Abgesehen von den Preisen war die Woche auch ziemlich intensiv in Bezug auf Nachrichten. Visa wird eine Krypto-API pilotieren, die es Institutionen und Banken ermöglichen wird, Bitcoin zu kaufen. Es sollte irgendwann in diesem Jahr fertig sein. PayPal veröffentlichte auch ihren Quartalsbericht und zeigte höhere Gewinne als erwartet für Q4 von 2020, nachdem sie den Nutzern ermöglicht haben, Kryptowährungen zu kaufen, zu verkaufen und zu speichern.

Andernorts begann auch der bekannte Prominente und Rapper LL Cool J neben dem Milliardär Paul Tudor Jones in das Feld zu investieren, da beide zu einem neu gegründeten Krypto-VC-Fonds beigetragen haben.

Alles in allem war die Woche sehr dynamisch, und der Markt ist ziemlich euphorisch. Ist dies ein Zeichen für ein lokales Top? Oder ist dies nur der Anfang einer parabolischen Bewegung? Wir müssen es noch abwarten.
Marktdaten

  • Marktkapitalisierung: $1152B | 24H Vol: 156B | BTC Dominanz: 60.4%
  • BTC: $37.515 (+13,1%) | ETH: $1.689 (+27,1%) | XRP: $0,44 (+66%)

LL Cool J ist jetzt ein Krypto-Investor neben Paul Tudor Jones in einem neuen VC-Fonds

Der beliebte Rapper LL Cool J wird sich an einer neuen Kryptowährungs-Venture-Capital-Firma beteiligen. Andere Namen, die teilnehmen werden, sind der legendäre Investor Paul Tudor Jones, sowie der CEO von PepsiCo.

Der amerikanische Youtuber Logan Paul schließt sich mit Bondly Finance zusammen, um NFT zu veröffentlichen. Der US-amerikanische Prominente und YouTuber Logan Paul hat sich mit Bondly Finance zusammengetan, um nicht-fungible Token (NFTs) für Pauls „Pokemon Box Break“ zu erstellen und zu vertreiben. Der YouTuber wird die neueste in einer Reihe von Berühmtheiten, die auf den NFT-Zug aufspringen.

PayPal verzeichnet massive Gewinne in Q4 2020, nachdem es den Handel mit Kryptowährungen ermöglicht hat. Der führende Online-Zahlungsabwickler PayPal hat im letzten Quartal 2020 größere Gewinne als erwartet verzeichnet. Dies geschieht, nachdem das Unternehmen seinen Kunden erlaubt hat, Kryptowährungen direkt auf seiner Plattform zu kaufen, zu verkaufen und zu speichern.

Retail-Interesse steigt als „Buy Crypto“ Google-Suchen explodieren auf neue ATHs. Das Interesse des Einzelhandels an Kryptowährungen steigt laut den Daten von Google Trends. Die Suchanfragen nach „Krypto kaufen“ schossen auf ein neues Allzeithoch, was auf eine ernsthafte Euphorie auf den Märkten hindeutet.

La Era De La Iluminación De Bitcoin

La promesa de Bitcoin permanece intacta porque su diseño elude el frágil ego humano de una manera que ningún otro esfuerzo humano lo ha hecho.

El ego humano es algo frágil

Es rápido de juzgar, inseguro, fácil de manipular y se apega a las cosas mediante la identificación. Se aferra a las ideas y creencias a toda costa, a menudo en contra de nuestros propios intereses y a pesar de las observaciones del mundo real en sentido contrario. Nadie enfrenta una lucha más difícil que la que crea su propio ego y lo único que amenaza nuestra supervivencia tanto como cualquier otra cosa es la fragilidad del ego humano. Nuestras mejores intenciones son secuestradas por él, allanando el camino al infierno en la tierra.

No es sólo la coacción genocida del gobierno lo que amenaza nuestra supervivencia, sino el hecho de que nos enamoramos de ella. Eso y nuestra incapacidad para ver más allá de nuestras diferencias y encontrar puntos en común en respuesta a ello. Los egos se entrelazan tanto con las creencias, creando un sentido de importancia autoinflada, que los debates se vuelven inútiles y sirven de poco más que reforzar esa misma identificación, superioridad y división.

Esto ha llevado al mundo a una encrucijada en la que corremos el riesgo de nuestro propio exterminio mediante la aplicación perfecta del viejo adagio: divide y vencerás. Solo que somos nosotros los que nos dividimos, dejando a la raza humana vulnerable a ser conquistada por su propia debilidad.

Nadie puede escapar de ella

Y nosotros, los de la comunidad de Bitcoin, no somos una excepción. No busque más, el fallido intento de Roger Ver de secuestrar Bitcoin, escondiéndose detrás de la idea de que Immediate Edge puede escalar solo a través de un aumento en el tamaño del bloque. O la saga en curso que involucra a ese personaje infame que dice ser Satoshi , una afirmación que inicialmente fue apoyada por Gavin Andresen, uno de los desarrolladores originales de Bitcoin, a pesar de todas las pruebas de lo contrario.

Estas personas ya no representan una amenaza seria para Bitcoin, pero en diferentes momentos pueden hacerlo. A pesar de que Ver y Andresen pueden haber comenzado con las mejores intenciones, las amenazas que plantearon a Bitcoin alguna vez fueron muy reales. Y habrá otros. Basta con mirar la “Gran plaga de shitcoinery”. ”Y, sin embargo, Bitcoin sobrevive y está floreciendo, a pesar de los innumerables egos humanos que se balancean salvajemente hacia las vallas.

Por supuesto, nadie se mira a sí mismo de esta manera. Todos estamos inclinados a creer que estos personajes no se parecen en nada a nosotros. Tienen problemas. Nosotros no Pero seamos honestos. Todos hemos saboteado algo en algún momento de nuestras vidas en virtud de ser egocéntricos. E independientemente de cuán pequeño sea el problema que pensamos que puede haber sido, puede haber sido un gran problema para otra persona sin que nos hubiéramos conocido.

Incluso el dictador más cruel piensa que está actuando en interés de alguien a quien ama mientras la multitud que protesta derriba las puertas del palacio. Y, particularmente en lo que respecta a los sistemas humanos de gobierno, los egos inflados siempre e inevitablemente obtienen lo mejor de nuestras mejores intenciones.

Y esa es la promesa de Bitcoin. Permanece intacta donde innumerables y todos los demás esfuerzos humanos bien intencionados no pueden. Porque el diseño de Bitcoin elude el frágil ego humano de una manera que nada más lo ha hecho.

Hay mucho debate en torno a la descentralización. Pero quizás el aspecto de la descentralización que más importa es fácilmente observable dentro de nosotros. Y no puedo pensar en un ejemplo más poderoso que el de los creadores de Bitcoin que decidieron permanecer en el anonimato y entregar su invento que cambió el mundo.

Nadie puede escapar de la gravedad del ego humano. Y en un mundo caracterizado por la autocomplacencia, la división y el descontento, a través de un acto casi milagroso, Satoshi se aseguró de que ningún ego pudiera jamás secuestrar la misión de Bitcoin de cambiar el mundo.

Quizás en los próximos años, la gente reconocerá y apreciará que este acto de altruismo constituye el acto de iluminación más profundo de toda la historia humana registrada, eclipsando a personas como Gandhi, Jesús y Buda. Satoshi cambió el mundo, pero nadie sabe quiénes son.

“Only Bitcoin offers such delusional upside potential”: This billionaire drops a bomb

A convinced Bitcoin fan – Not long ago, financial analyst Bill Miller told us that Bitcoin was “rat poison” for fiat currencies . He reiterates his optimism today, and here in this article is a small excerpt from his compliments to the king of cryptos.

Its investment fund bets on Bitcoin… via MicroStrategy!

The supposed billionaire Bill Miller has just published a new letter to investors at his financial analysis firm Miller Value Partners.

Bill Miller explains in this letter one of their most recent purchases: convertible bonds of the company MicroStrategy .

As a reminder, the company listed on the Nasdaq issued a debt of 550 million dollars in bonds, in order to buy ever more bitcoins (BTC). Bill Miller explains to his investors that:

“We were particularly interested when Michael Saylor [the CEO of MicroStrategy, editor’s note] announced that his company would put all of its money into a technology that we have long supported: Bitcoin Storm review. “

MicroStrategy has just acquired even more bitcoins , cumulating a staggering total of 70,784 BTC (or about $ 2.2 billion ).

But why this fascination with Bitcoin from Bill Miller’s investment firm?

“The short answer is that there is no other asset that combines Bitcoin’s liquidity with its upside potential. Bitcoin is still an emerging technology in a huge now accessible market, and it has a brilliant protocol that is logically consistent with distributed governance. “

Bill Miller dismantles objections to Bitcoin step by step

The multimillionaire then engages in a formal slaughter of „objections“ that can be raised against the king of cryptocurrencies.

For example, to the silliest of arguments, which is to say that Bitcoin “does not produce anything and therefore has no intrinsic value” , Bill Miller answers:

“What it ‚produces‘ is the ability to store and transmit value according to a predetermined logical algorithm and decentralized governance. The value of any asset that doesn’t pay dividends, like Berkshire Hathaway stock or the US dollar, is what buyers and sellers collectively think it’s worth. With a current market cap of $ 700 billion, buyers and owners of Bitcoin believe it is more valuable than all of the [500] companies in the S & P500 Index, except the six largest. „

Varför Bitcoin-priset sannolikt kommer att bryta $ 30.000 varje ögonblick från och med nu

Bitcoins meteoriska prisrörelse de senaste dagarna har inte varit något berömvärt, eftersom flaggskeppskryptovalutan redan har slagit tidigare rekord för att nå en ny rekordhög nivå på 28 360 dollar, men kort därefter gjorde kryptovalutan en nedåtgående rörelse mot supportzonen på 26 000 dollar . Vid den senaste kontrollen handlar Bitcoin till 26 677 dollar. Siffrorna förväntas öka för Bitcoin, med tanke på att den stora tjuren framgångsrikt kan hålla press på betydande punkter, varav den första är på supportnivån på 26 000 dollar.

Varför Bitcoin-pris kan bryta $ 30.000 varje ögonblick från och med nu

En hausseartad kontraktionstriangel bildad med motstånd på $ 26 800-nivån bröts tidigare, men med en förstärkning av det baisseartade trycket gled Bitcoin mot en nedåtgående zon. Bitcoin är nära att testa supporten på 26 500 dollar, vilket kommer att orsaka nedåtgående triangel att brytas, vilket möjliggör lägre låga nivåer. Det är avgörande att det hausseartade trycket över $ 26 600 bibehålls för att undvika en potentiell nedgång under $ 25 000 och ännu lägre under de kommande veckorna. Om det motsatta skulle vara fallet, och tjurarna avvisar det baisseartade trycket, kan $ 30 000 lätt uppnås.

Nyckelspelare har uttryckt hausseartade känslor på Twitter, med vissa som tyder tjurkörningen till Bitcoins inneboende värde. En legendarisk terminshandlare delade en allmänt accepterad syn på vad han tror är den ultimata pionjären för den nuvarande tjurfarten. Som hämtat från Twitter hävdar han;

#BITCOIN $ BTC AVANCERAR I PARABOLISK FLYTTNING FRÅN SEP ’20 LÅG. Jag förväntar mig att den här kurvan ska kränkas vid en viss tidpunkt, men att inte producera 80% nedgång. GREEN CURVE ÄR EN STÖRRE PARABOLISK FRAMSTEG FRÅN DEC 2018 & MAR 2020 LOWS. DETTA ÄR FÖRAREN AV BULLMARKNADEN. PIC.TWITTER.COM/TTXXMNIB9L

– Peter Brandt (@PeterLBrandt) 27 december 2020
En annan intressant ta speglar FOMO marknadspsykologi. En näringsidkare twittrade „En droppe till 20 000 för att testa den tidigare all-time high eftersom support skulle skrämma många när det priset var en dröm för två veckor sedan.“ Tweeten, en skildring av hur nyligen uppnådda rekordhöga toppar lätt har blivit måttstocken för att mäta Bitcoins värde, är tillfälligt hälften av en annan tweet av den populära Bitcoin-författaren Vijay Boyapati där han noterade att ”Det tog åtta år för Bitcoin att flytta från noll till $ 2000. Det flyttade 2000 dollar på mindre än en timme idag, vilket avslöjade hur snabbt Bitcoin kunde stiga till nya toppar och ytterligare bevisa att marknadsmognad, med tillstånd av det institutionella intresset för Bitcoin, ligger bakom det pågående rallyet.

Uppenbarligen, om Bitcoin Code antas av nyckelaktörer, är tillgångens värde säkert snabbare, och det finns ingen aning om hur högt priset kan gå därifrån. De senaste två miljarder dollar i Bitcoin som flyttats av en oberoende investerare visar också att valar arbetar. Det föreslår också att i motsats till att använda Bitcoin som ett verktyg, flockar fler investerare till marknaden för att främst lagra sin förmögenhet.

Wall Street Investor: Die Altcoin-Klemme könnte vorbei sein, die Augen auf Bitcoin gerichtet

Altcoins hat Bitcoin in den letzten Tagen stark überholt. Dies ist eine große Verschiebung im Vergleich zu dem, was noch vor wenigen Wochen stattfand, als die BTC den Markt anführte und die Altmünzen auf den Müllhalden lagen.

Aber hier sind wir nun, mit Altmünzen, die heute um Dutzende von Prozent gestiegen sind, da Bitcoin nur einen leichten Gewinn von 5 % verzeichnet. Mike Novogratz, ein Wall Street-Investor und Vorstandsvorsitzender von Galaxy Digital, kommentierte kürzlich die Rallye.

Mike Novogratz spricht über die Altcoin-Rallye

Vor der Einführung von Galaxy Digital, einer facettenreichen Kryptobank, war Novogratz Partner bei Goldman Sachs und Führungskraft bei Fortress Finanical.

Der Investor bemerkte kürzlich, dass er „seit 2 Uhr morgens beim Handel mit Krypto“ wach ist, und bemerkte, dass er der Meinung ist, dass die Alt-Münzen-Presse beendet sei:

„Ich bin seit 2 Uhr morgens beim Handel mit Crypto auf den Beinen. Ich habe $BTC nicht angerührt. Ich habe dort HODLing. Ich kann nicht sagen, ob der Alt-Squeeze vorbei ist, aber ich habe das Gefühl, es könnte sein. Ich mag Defi mehr als Geisterketten. Viel mehr. Die Münzen der Top 10 der Marktkapitalisierung werden in 18 Monaten 50 Prozent anders aussehen“.

Was ist das Nächste für Bitcoin?

Novogratz bleibt bei Bitcoin extrem optimistisch, obwohl er glaubt, dass die Rallye der Altmünzen erschöpft ist. Vor kurzem kommentierte er auf eine Anfrage von Maisie Williams, der Schauspielerin des Game of Thrones, dass er glaubt, dass Bitcoin in der Zukunft 65.000 Dollar erreichen könnte:

„Ich habe gestern Abend um 15800 weitere $BTC gekauft. Es geht auf 20.000 und die. Auf 65 k. Der Netzwerkeffekt hat überhand genommen. Ich sehe tonnenweise neue Käufer, und das Angebot ist sehr gering. Es ist ein einfacherer Handel hier, dass bei 11k. Also JA, kaufen Sie es.“

Novogratz ist davon überzeugt, dass die Kryptowährung in diesem Marktzyklus beginnen wird, den Marktanteil von Gold als Wertaufbewahrungsmittel aufzufressen.

Der Investor hat Bitcoin extrem früh eingeführt. Er kaufte Zehntausende von Münzen, als sie bei etwa 100 Dollar lagen, verkaufte jedoch einige davon während der darauf folgenden Hausse. Er besitzt immer noch einen guten Teil seines Nettovermögens im Kryptowährungsraum, hat er mehrfach kommentiert.

Bitcoin Hack of 2.3 billion USD on the move – Is the dump coming?

Scammer moves Bitcoin coins stacked. Bitcoin Scam?

Time and again, crypto exchanges become victims of hackers and lose millions in Crypto Code app and other crypto currencies. So does the Bitfinex stock exchange, which in 2016 lost approximately 119,756 BTC in a hacker attack.

Bitcoin the Bitfinex hacker on the move

For a long time, the stolen Bitcoins were not moved. But since the Bitcoin price yesterday broke through the $19,000 mark again, some movements have been detected by Whale Alert.

In total, 5045.8 BTC were transferred to other wallets yesterday. The hacker did not send the Bitcoins in one go, but in 14 transactions.

The current value of yesterday’s transactions is approximately $100 million. The smallest Bitcoin transaction was 261.24 BTC, while the largest was 469.89.

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In total the booty is worth 2.3 billion USD

As recently as August, Bitfinex offered a $400 million reward for the stolen BTC. But the hackers apparently did not get involved in the deal.

Interestingly, the stolen Bitcoin was worth the equivalent of $72 million in 2016 when the hack happened at Bitfinex.

Due to the parabolic rise of the Bitcoin price, the stolen sum has experienced an enormous increase in value. Meanwhile, the loot is worth approximately 2.3 billion USD. No wonder why Bitfinex has chosen such a high reward.

The hack of Bitfinex goes completely surely into the history of Bitcoin. Together with the Mt. Gox and CoinCheck stock exchanges it is the largest amount of stolen BTC.

No Bitcoin price dump to be expected

There were successful hacker attacks in the last years again and again but never again so many Bitcoin were stolen from a crypto stock exchange. A possible reason for this are the preventive measures of the different offerers.

At the beginning of November, CipherTrace published that crypto-criminality was declining in 2020. Nevertheless, thefts in cryptospace have exceeded the 17 billion USD mark since 2011. However, most of this is not due to hacks from stock exchanges, but to snowball systems such as OneCoin or PlusToken.

The Bitcoins from the Bitfinex Hack are known by all major exchanges and cannot be paid out easily. Therefore a strong sale is currently not to be expected. Nevertheless, these BTCs will also find their way into the market at some point.

Facebook’s crypto currency Libra to be launched

Facebook’s crypto currency Libra to be launched as early as January 2021

Initially, Stablecoin Libra will be pegged only to the US dollar.

The long-awaited Facebook crypto currency Libra could see the light of day as early as January 2021, according to a new media report.

After Facebook’s crypto project has been thwarted by regulators and governments around the world for more than a year, Libra could soon be launched in the form of a Stablecoin linked by Bitcoin Evolution to the US dollar. This was reported by the renowned Financial Times on 27 November.

As a reminder: Stablecoins are crypto-currencies that receive their eponymous (value) stability through their peg to an external asset such as gold or the US dollar.

The Financial Times bases its reporting on three sources from the Libra project. According to these, the Libra Association, which is responsible for the management of the project, intends to add other national currencies as a link to the Stablecoin at a later date.

Although a launch is planned for January, no exact date has been set as it depends heavily on when the Swiss Financial Market Authority (FinMA), which is responsible for the Swiss-based project, gives the green light.

A FinMA spokesperson, at Cointelegraph’s request, does not wish to comment on a possible Libra launch in January 2021, but instead refers to a communication from his authority regarding the related approval process, which states: „As is otherwise customary, FinMA will not publish information on the status of the process nor speculate on its conclusion.

The Libra Association has not yet responded to Cointelegraph’s request at the time of going to press

After the crypto project was launched in June 2019, it was followed by fierce headwinds from governments and regulators around the world, prompting some of the project’s initial investors, including well-known companies such as PayPal and MasterCard, to pull out. The currency basket to which the Libra was originally to be pegged initially included the Japanese yen, the euro, the British pound and the Singapore dollar in addition to the US dollar.

As the Financial Times report shows, many Libra investors see the appointment of former HSBC top manager Stuart Levey as the new CEO of the project as a positive turning point.

Despite the change to digital currencies – BIS emphasizes the importance of cash

Benoît Cœuré from the BIZ Innovation Hub wants to create diversity among means of payment and not put them into competition with one another.

As more and more countries deal with issuing their own central bank digital currency (CBDC), Benoît Cœuré of the Bank for International Settlements emphasizes that cash will maintain its importance.

The head of the BIS technology center was previously a board member of the European Central Bank (ECB)

„In contrast to Sweden and China, there is still a great demand for banknotes in the euro zone,“ as Cœuré initially stated in an interview on Thursday. “Their role as a means of payment is declining, but they are still in demand as a means of saving,” he explains afterwards. And further:

“Nobody wants to force consumers to choose which payment method to use. Diversity is a good thing and it promotes innovation. The aim is to create free choice, which means that consumers can continue to pay with the currency of their central bank. “

In the further discussion, Cœuré addressed a number of topics relating to the global development of Bitcoin Trader software. He spoke about innovation as a natural growth process and named the different positions of different countries with regard to central bank digital currencies and the upcoming Facebook cryptocurrency Libra.

China is currently clearly in the lead in the race to issue its own CBDC , while the US is still on hold

Central bank digital currencies have the potential to make cash redundant. Depending on the reading, this can be assessed positively or negatively. The requirements in the respective country play a decisive role in this assessment. The payment system in the USA is already largely digitized, which is why there is no compelling need for a central bank digital currency.

Most CBDCs will very likely be based on blockchain technology . The introduction of such digital currencies by central banks would be the same as today’s cash, only that it is in digital form. Cœuré agrees: “Central bank digital currencies are the digital equivalent of coins and banknotes. They are the safest currency there is because they are issued by a government agency. “

To this end, he adds:

“In the future you will be able to pay for your coffee in different ways: of course with banknotes and coins, which will be available as long as they are needed, but also by card, central bank digital currency or payment systems like Apple Pay and PayPal. If there is the appropriate legal framework, then maybe with Facebook Libra. „

Cœuré himself mentioned Bitcoin ( BTC ) as a possible means of payment: „If you want to pay with Bitcoin, why not, provided the payer and the payee understand the risks of an actively traded cryptocurrency.“

Nonetheless, physical cash has important properties that digital currencies can never meet. For example, they are always available even in crisis situations.

Bitcoin mining pool implements censorship on BTC transactions & why this could be the beginning of a dangerous development

The introduction of a new „censored“ Bitcoin mining pool has caused concern among some Bitcoiners. They believe that it could be a harbinger of future developments.

Will Bitcoin soon be threatened with censorship by regulatory authorities? And why should it be bad at all to exclude so-called “bad actors” from the network?

In this article we will take a closer look at the latest developments in the Bitcoin mining scene and look for answers to the above questions.

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First BTC mining pool tests censorship on Bitcoin

The blockchain analysis platform BlockSeer has introduced the private beta version of a new Bitcoin mining pool (Blockseer Mining Pool), which censors transactions from blacklisted BTC wallets .

The pool will use BlockSeer’s and Walletscore’s labeling data along with other verified sources, such as the United States Office of Foreign Assets Control (OFAC) blacklist for crypto, to identify BTC transactions that it does not want to process. The pool also requires all miners to go through Know-Your-Customer (KYC) protocols. DMG’s COO Sheldon Bennett stated:

The pool is focused on not getting transactions from known nefarious wallets that use this medium in a way that continues to tarnish the reputation of cryptocurrencies, particularly Bitcoin, in the mainstream and impede widespread adoption.

Why such developments are a ’slippery development‘

Former Monero lead developer Riccardo Spagni (@fluffypony) noted on Twitter that this could be the start of a slippery development. He speculated that bitcoin mining pools‘ transaction censorship could spread due to pressure from regulators. He indicated that this was a cause for concern. Regulators who look at this and think it is a good idea to take action ‚for extreme cases like the OFAC crypto list‘ could make censorship on Bitcoin enforceable.

Instead , Spagni suggested that more privacy on Bitcoin would prevent this, adding:

Things like p2pool & Stratum v2 make it practically unenforceable and I’d rather rely on it than on a hope & prayer.

P2pool is a decentralized bitcoin mining pool that was founded in 2011. Braiins‘ Stratum V2 draft is a complete overhaul that BetterHash implements. BetterHash is a secondary protocol that allows the constituents of the mining pool to decide on the composition of the block they will mine, rather than allowing pools to control which transactions are included in each block. This should make pool censorship impossible. According to Braiins co-founder Jan Capek, the draft has yet to be formally examined. However, he will receive grants from Square Crypto for further development.

Wallet Scrutiny website founder Leo Wandersleb commented that this „slippery development“ of censorship will lead to a soft fork where pools that follow this approach will refuse to „build on blocks that don’t use their filters“ .