The Swiss central bank wants to at least try out the possible advantages of a central bank digital currency.

The Bank for International Settlements (BIS) and the Swiss National Bank (SNB) have jointly researched the possible advantages of processing payments using a central bank digital currency (CBDC)

According to a corresponding announcement on December 3, the BIS Innovation Hub Switzerland (BISIH) has now successfully carried out two feasibility studies, in which, on the one hand, the connection of existing payment systems with a distributed ledger system was tested and, on the other hand, the processing of payments via wholesale CBDC was researched .

In addition to the BISIH and the SNB, the market-leading Swiss stock exchange Six Group was involved in the cooperation under the name “Project Helvetia”.

As the stock exchange states in its own communication , the Helvetia project dealt with “the technological and legal feasibility of the transfer of tokenized assets”, whereby the two approaches mentioned above were each considered individually. The platform for this was the Six Digital Exchange (SDX), Six’s proprietary platform, which has not yet been made available to the public, but is to be launched in the future.

However, the cooperation partners expressly point out that the joint experiments should not be understood as a hint for a possible central bank digital currency of the SNB

Andréa M. Maechler, a member of the board of directors of the SNB, emphasizes, however, that the Swiss central bank wants to at least try out possible ways to optimize it:

“The security and reliability of the Swiss financial market infrastructure must be maintained regardless of the technologies that the financial markets will use in the future. If DLT leads to significant improvements in trading and settlement of securities, the SNB will be prepared. „

Although distributed ledger technology (DLT), which also includes blockchain technology, has proven to be a useful tool for payment systems as part of the Helvetia project, it remains unclear whether it is considered necessary for the introduction of a central bank digital currency . In September 2020, the Swiss National Bank and the Deutsche Bundesbank apparently agreed that a CBDC did not necessarily have to use blockchain technology.

MicroStrategys vedtagelse af Bitcoin som dets primære reserveaktiv tog markedet med storm, og mange argumenterede for, at udviklingen var en af ​​katalysatorerne bag BTC, der steg til $ 19k på hitlisterne. Virksomhedens Michael Saylor talte for nylig om Crypto Trader og hans virksomheds beslutning om at investere i Bitcoin, som nu er steget med over 182%. Det skal bemærkes her, at mens MicroStrategys investering ikke var den første, fødte den en krusningseffekt, der skubbede andre virksomheder til at gøre det samme.

Lad os tale om, hvorfor dette fungerede, og hvorfor skal vi nu?

Før vi svarer „Hvorfor det fungerede“, lad os se på „Hvorfor nu.“

Hvorfor nu?

Centralbanker over hele verden har trykt billioner af fiat-valuta for at lette de lidelser, der er forårsaget af pandemien. Mens disse banker forsøgte at forhindre en massiv katastrofe og en recession, der ville tage år at vende tilbage til gennemsnittet, vil det vende tilbage til at hjemsøge alle, selv de banker, der trykte det.

Faktisk, på tidspunktet for skrivningen, gav obligationer mindre end 1% i gennemsnitlige afkast, mens aktiemarkedet var stigende. Ergo, der syntes ikke at være nogen hæk, hvis aktiemarkedet skulle gå ned.

Dette er grunden til, at man kan hævde, at 60-40-porteføljen allerede har mødt sin død.

Som en konsekvens af det samme er der et stort behov for at bevare velstand, og der er derfor to muligheder tilbage – Guld eller Bitcoin.

Det er klart, at Bitcoin er den bedste mulighed.

Hvorfor fungerede det?

Nå, det er nu det bedste tidspunkt for virksomheder som MS at bevare deres rigdom. Og hvilken bedre måde at gøre det på end at investere i noget, der ikke mister værdi over tid?

Som forklaret af Saylor, hvis MSs kontante reserver skulle holdes kontant, ville de rebase mere end 10-15% årligt til et punkt, hvor fremtidige afkast ville blive annulleret.

”Vi er et softwarefirma, der genererer kontanter, men hvis vi simpelthen fejer kontanterne i fiat-valuta…. så ville det forringe 15% om året. Vi taber lige så meget, som vi genererede på PNL. ”

Saylor tilføjet,

„Bitcoin stiger hundrede procent årligt [mere eller mindre], men hvad mange mennesker ikke forstår er, at Bitcoin er et monetært netværk, og som et monetært netværk er det i stand til at lagre og kanalisere energi over tid uden strømtab.“

Bitcoin har været tænkt på så mange ting gennem årene – Som en kontoenhed, et udvekslingsmedium, en værdibutik og hvad der ikke er. Bitcoin er ikke en af ​​dem. I stedet er det alle disse ting og mere, fordi Bitcoin ikke er statisk, men dynamisk, og det er i konstant udvikling. Med virksomheder i et kapløb om at afdække deres balance, før de bliver afværget, ser Bitcoin ud til at være det aktiv, der kommer frem som den foretrukne mulighed.

Le Hodler’s Digest, qui paraît tous les dimanches, vous aidera à suivre toutes les nouvelles importantes qui se sont produites cette semaine.

Les meilleures (et les pires) citations, les faits marquants de l’adoption et de la réglementation, les principales pièces, les prédictions et bien plus encore – une semaine sur Cointelegraph en un seul lien.

Les meilleures nouvelles de la semaine
Les taureaux continuent de courir alors que Bitcoin atteint un nouveau record en 2020 à 15 950 dollars

La semaine a été une nouvelle fois extraordinaire pour les marchés de la cryptographie. Au cours de la journée de jeudi, la CTB a fait un bond de plus de 10 %. En plus d’avoir franchi la barre des 15 000 dollars pour la première fois depuis janvier 2018, la plus grande monnaie cryptographique du monde a atteint un sommet de 15 950 dollars.

Pour comprendre l’importance de ce phénomène, les données de Messari montrent que la BTC n’a dépassé ce niveau de prix que pendant 0,4 % de son existence. Un événement rare, en effet.

„Les gens ne diront plus jamais que Bitcoin est mort“, a déclaré avec approbation Barry Silbert, PDG de Grayscale.

L’analyste du Cointelegraph Michaël van de Poppe a déclaré que Bitcoin s’approchait du dernier obstacle avant de pouvoir atteindre un nouveau sommet historique, avec une dernière zone de résistance entre 15 800 et 16 800 dollars qui se dresse sur son chemin.

Cependant, il a mis en garde : „La probabilité d’une percée en une fois n’est pas élevée, étant donné que le prix du bitcoin a déjà grimpé de plus de 50 % ces dernières semaines“.

Tous les analystes ne sont pas d’accord. Certains pensent que l’éblouissante remontée de la BTC pourrait ne pas s’arrêter à 16 000 dollars, le nombre de Bitcoin détenus sur les bourses continuant de baisser.
Prévisions paraboliques
Trois façons dont le prix et les actions de Bitcoin pourraient réagir à une présidence Biden

Bitcoin a la réputation d’être un „actif refuge“, ce qui signifie que les investisseurs ont tendance à y affluer en période d’incertitude.

Cette semaine, nous avons vu l’incertitude à fleur de peau. La CTB s’est régulièrement appréciée lorsque le résultat des élections américaines n’était pas clair mercredi et que les bulletins de vote ont continué à être comptés. Donald Trump a également affirmé, sans preuve, que de nombreux votes étaient frauduleux.

Mais regardez ce qui s’est passé samedi, lorsque les grands médias ont officiellement annoncé que Joe Biden serait le prochain président des États-Unis. Les bitcoins ont chuté de 5,67 % dans les heures qui ont suivi. Puis il a rebondi en moins de 24 heures.

Cela signifie-t-il que les marchés de la cryptographie craignent une présidence de Joe Biden ? Aiment l’idée ? Ne savent pas quoi en penser ? Ou est-ce que nous voyons simplement la chaleur quitter le marché maintenant que les résultats sont plus clairs ? Et quelle est la prochaine étape pour BTC ?

Eh bien, l’élection de M. Biden ouvre la perspective d’un plan de relance d’ici la fin de l’année – et cela pourrait avoir un effet positif sur Bitcoin, en stimulant l’appétit des investisseurs pour les actifs à haut risque. Les analystes prévoient également une reprise de la bourse américaine maintenant que les résultats ont été confirmés.

Il y a encore quelque chose que nous ne savons pas : le point de vue du président élu sur Bitcoin. „Pour l’instant, ce n’est vraiment pas un problème assez important pour mériter son attention“, a déclaré Jake Chervinsky, de Compound Finance.

Bitcoin à 15 000 dollars est maintenant plus important que PayPal, Coca-Cola, Netflix et Disney

Le début du mois de septembre ressemble à une vie entière, n’est-ce pas ? À l’époque, Bitcoin tournait autour de 10 000 dollars, avec une capitalisation boursière d’environ 190 milliards de dollars.

Aujourd’hui, la CTB semble avoir trouvé un soutien à hauteur de 15 000 dollars. Cela a également permis à la capitalisation boursière de Bitcoin d’augmenter de 50 % pour atteindre 280 milliards de dollars – et cela signifie que la plus grande devise cryptographique du monde a désormais plus de valeur que la plupart des grandes entreprises.

Les données suggèrent que, si l’on compare l’évaluation de BTC avec celle des sociétés cotées en bourse aux États-Unis, elle serait la 18e plus importante. Cela éclipse des sociétés comme Verizon, PayPal, Disney, Netflix et Bank of America.

Bitcoin pourrait maintenant avoir pour objectif de dépasser Home Depot, qui occupe la 17e place avec une capitalisation boursière de 306 milliards de dollars. Si la CTB continue de progresser et se hisse à la 16e place, elle rétrogradera également Mastercard, ce qui enverra un signal fort sur l’avenir de l’argent.

Cela dit, BTC a encore un long chemin à parcourir avant de pouvoir rattraper le plafond de marché de 2 000 milliards de dollars d’Apple, ce qui en fait la société la plus précieuse du monde. Pour que Bitcoin puisse éclipser cette valeur, il faudrait que le prix par pièce soit de 120 000 dollars.

L’indice DeFi de Binance s’effondre de 60 % alors que Bitcoin éclipse les altcoins

Le temps de Bitcoin sous les projecteurs a été une mauvaise nouvelle pour les altcoins… et il semble qu’il ait aussi fait perdre de l’éclat à DeFi.

L’indice composite DeFi de Binance se négocie désormais sous les 400 dollars, soit une baisse de 60 % par rapport à ses plus hauts niveaux historiques. Pour aggraver les choses, la plupart des jetons DeFi ont effacé 70 à 90 % de leurs gains depuis début septembre.

La bourse a également déclaré que le mois avait été „décevant“ pour les cryptos à grande capitalisation tels que ETH, XRP, BCH et LTC, qui n’ont tous réalisé que des „gains modestes“ en octobre.

Cela dit, tout n’est pas sombre pour DeFi. Bien que la valeur des jetons de gouvernance ait pris un coup (ce qui n’est peut-être pas surprenant étant donné que certains d’entre eux, comme YFI, ont été conçus pour être sans valeur), la valeur totale enfermée dans les protocoles ne s’est pas effondrée. Elle s’élève actuellement à 12,16 milliards de dollars, ce qui n’est pas loin des records atteints fin octobre.

„Extreme Greed“ et FOMO s’imposent alors que la CTB pousse à 16 000 dollars

Wyoming-based digital asset bank Avanti will become the second Bitcoin bank in the United States. In a press release on October 28 , the bank, of which Caitlin Long is founder, announced that it had received permission to store digital assets and tokenized US dollars.

Avanti as the second Bitcoin bank in the USA

As a reminder, Avanti was first announced in February. The Digital Asset Bank was founded by Caitlin Long. We have reported several times on Long and her leadership role in blockchain and crypto issues in US law.

Bitcoin Pro scam has now received approval from the Wyoming State Banking Board. Specifically, this means that the bank receives the sovereign permission for the safekeeping of digital assets and tokenized USD.

Therefore, the second Bitcoin Bank in the USA is now planning to offer several services related to cryptocurrencies. There should be a kind of „online banking“ and various depository services for cryptocurrencies. A separate stablecoin with the name AVIT is also planned.

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Bridge between the traditional financial system and crypto

As already mentioned, Avanti will offer its own token. According to its own statements, the stablecoin AVIT should become a „disruptor“ that sets new standards. The company plans to choose Ethereum as a blockchain for the introduction of the stablecoin.

Company founder Caitlin Long herself has high expectations of the services of her bank and wants to make cryptocurrencies accessible to millions of US citizens. So she said:

Avanti intends to connect the traditional and digital financial systems by offering services that are not currently available anywhere else.

As an example, she cited the direct processing of dollar transactions for digital assets. Currently, only special custody providers are allowed to offer this service in the USA.

We can thus state the following: After Kraken, Avanti is now the second Bitcoin bank in the USA. The regulatory advances clearly show that the traditional financial sector is increasingly interested in cryptocurrencies and digital assets.

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Rosyjscy urzędnicy publiczni będą zobowiązani do zadeklarowania, ile kryptowalut posiadają, poinformowała prokuratura generalna tego kraju .

Zgodnie z oficjalnym komunikatem Prokurator Generalny wprowadził zmiany zgodnie z pierwszą w kraju ustawą kryptograficzną, która została zatwierdzona na początku tego roku i ogłoszona 1 stycznia 2021 r

Chociaż niektórzy uważają, że prawo jest zwykłym „ glosariuszem terminów ” i prekursorem bardziej kompleksowej ustawy, która jest nadal bardzo w toku, nowe prawo zakazuje płatności w kryptowalutach i daje podstawy prawne branży kryptograficznej.

W związku z tym prokurator generalny Igor Krasnov stwierdził wczoraj, że kryptowaluty wkrótce będą miały ten sam rodzaj „praw własności”, jak inne klasy aktywów, takie jak nieruchomości, pojazdy i papiery wartościowe – i jako takie muszą zostać zgłoszone.

Krasnov dodał, że wszyscy urzędnicy służby cywilnej będą zobowiązani do zgłaszania swoich zasobów kryptowalut od 2021 r., A kryptowaluty będą traktowane „na równi z innymi aktywami”

Zgodnie z rosyjskim prawem funkcjonariusze publiczni, którzy ukrywają lub dostarczają niekompletnych lub wprowadzających w błąd informacji o swoich dochodach i majątku, mogą być ścigani przez wymiar sprawiedliwości zgodnie z przepisami antykorupcyjnymi.

W ciągu ostatnich trzech lat The News Spy poinformowała, że ​​przejęła lub skonfiskowała nieujawnione aktywa o wartości 441 mln USD od urzędników, którzy próbowali ukryć swoje zarobki.

Urząd nie ujawnił, w jaki sposób będzie identyfikował potencjalnych przestępców, ale pewną rolę mogą odegrać takie rozwiązania, jak platforma kryptograficzna do deanonimizacji opracowana przez Federalną Służbę Monitorowania Finansów (znaną lokalnie jako Rosfinmonitoring ), której szczegóły ujawniono na początku tego roku.

Why investors should pay attention to sugar

FRANKFURT (Schroders) – Government measures to promote healthy eating, particularly with regard to the spread of Covid-19, are providing a headwind to the food and beverage industry and increasingly to the food retail and hospitality sector.
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Stable Coins and CBDC: Global economy insists on uniform regulation
Bitcoin and Co: The top news of the week

Bad news for lovers of financial privacy: The US authorities want to regulate the crypto market. Now the operator of the Bitcoin mixer Helix has been sentenced to a hefty fine.

In an official press release on October 19, FinCEN (short for Financial Crimes Enforcement Network) reported a fine of 60 million US dollars and ongoing criminal proceedings against the Bitcoin Mixer Helix.
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The founder, administrator and principal operator of the platform, Larry Dean Harmon, is accused of money laundering and operating an unlicensed financial business. His Helix (2014-2017) and Coin Ninja (2017-2020) projects anonymized over $311 million through more than one million different Bitcoin transactions, in violation of the Bank Secrecy Act (BSA), among other things.

The BSA states that financial institutions are forced to assist U.S. authorities in detecting and preventing money laundering. This includes checking the legitimacy of customers in accordance with the law, recording transactions and reporting suspicious activities. All this was not possible due to the lack of a license from Helix and Coin Ninja.

Order in the Wild Crypto-West

Mixers are also known by names like Tumbler or Blender. These make it possible to conceal the traces of money flows and thus increase privacy. Services like Helix collect Bitcoin transfers from different addresses and mix them. They are then broken down into small amounts and sent to addresses that the depositor previously specified.

This is not illegal per se. However, if you join forces with criminals and promote or facilitate money laundering, the situation changes very quickly. This is because American authorities decide that all services that carry out money laundering transactions are illegal. These are accusations that Larry Dean Harmon is being accused of, and which continue to be investigated during the current criminal proceedings.
Darknet advertising creates need for explanation

His aggressive PR strategy can be his undoing. In Darknet, the American presented his services as an anonymous payment method for the purchase of weapons, drugs and even child pornography. It is therefore not without reason that some crypto exchanges block all addresses associated with Bitcoin mixers.

Above all, however, any authorities will be listening intently. They are increasingly determined to introduce law and order into the Wild Crypto-West. Only recently, the IRS (short for Internal Revenue Service) commissioned the company Chainalysis to crack the code of private crypto currencies like Monero. A contract that cost the IRS $625,000.

In 2020, the first penalties for violations of the law in connection with the ICO boom of 2017 also trickled in. Among others, celebrities like Steven Seagal and rapper T.I. were fined. Some companies were also affected. Due to a lack of registration of ICOs, companies such as Salt and BitClave were ordered to make refunds to their investors.

Asic Jungle intends to provide an alternative to the purchases agreed on Telegram channels, which have less guarantees

Asic Jungle has launched a beta version of what he calls „the first ever mining hardware marketplace“ of cryptocurrency. The company’s CEO, Artem Bespaloff, told Cointelegraph that he has created a platform for the direct purchase and sale of second-hand mining equipment:

„[It is] the first and only online marketplace where buyers can talk directly to sellers through the platform and they don’t have to use any brokerage services or Telegram channels (I call them „suspicious“ Telegram channels) because everything happens there. And we decided to create this ecosystem where buyers and sellers interact with each other“.
An example of an offer. Source: Asic Jungle
An example of an offer. Source: Asic Jungle
The company’s solution to these problems is a marketplace that connects buyers and sellers of ASICs in a safe and transparent environment. According to Bespaloff, ASIC brokers currently charge high surcharges, taking advantage of the lack of price discovery mechanisms in this market. He believes that these brokers deliberately create an information asymmetry by not disclosing relevant data.

Bespaloff stressed that Asic Jungle has a number of security features to ensure that transactions take place in a reliable environment, including a strong emphasis on AML compliance. As the Canadian company intends to have customers from around the world, it expects to comply with both local laws and US regulations.

Although mining equipment becomes progressively less efficient over time, Bespaloff has ensured that there is abundant demand for second-hand hardware in places where energy sources are very cheap or even free, such as parts of Canada and Venezuela, although residents of the latter country could be excluded from the platform under US sanctions.

Both Bitcoin and Ethereum (ETH) have recently recorded a record increase in hashrate, indicating that there will certainly be demand for this type of component in the near future.

Scams are on the rise – With the popularity of Uniswap’s governance token, scams were to be expected to flourish. This is the case of UniCats, which takes advantage of the credulity of its users to siphon off their accounts.

UniCats: the scam in all its glory

On Monday, October 5, Alex Manuskin , researcher affiliated with Crypto Legacy highlighted the UniCats scam behind the theft of at least $ 140,000 in UNI tokens .

This was presented as yet another yield farming protocol , which allows you to generate MEOW tokens by storing UNI tokens .

Manuskin tells us the story of an anonymous user nicknamed „Jhon Doe“ on this occasion. After discovering UniCats, Jhon decides to deposit his UNI tokens there, hoping to take part in the latest trendy yield farming protocol .

When Jhon interacts with the smart contract, it offers him to „allow this dApp to spend [his] UNI“ . A very common message in decentralized finance, which he accepts without asking any questions.

After having generated a few MEOW tokens, he said to himself that it is time for him to withdraw his UNI tokens , which he did. The story should end there, but it was without counting on the dishonesty of UniCat , the creator of UniCats.

Indeed, UniCat has coded a backdoor in the smart contract of its yield farming protocol , thanks to a method called “setGovernance” . This method allows it to call any data passed, at any address.

“UniCat therefore calls the setGovernance method, with a call to the UNI token and the instruction to transfer the tokens from Jhon to the farm. Passed tokens are then exchanged with ETH on Uniswap. „- Alex Manuskin

Thus, during his sleep, Jhon loses 26,000 UNI , then 10,000 UNI , in 2 separate transactions. The UniCat scammer thus retained control over all the funds delegated to the protocol, but also over all those stored on the original address of poor Jhon .

Once the funds have been recovered by UniCat and converted into ETH on Uniswap, they are sent to an address belonging to it via Tornado.cash , an application which allows to mix ETH and to anonymize transactions on Ethereum.

Be careful with the permissions!

This scam highlights a common problem in the DeFi ecosystem. Indeed, many smart contracts require permission to spend an infinite amount of tokens when you want to deposit funds.

A practice often criticized, but which continues despite everything. Thus, to protect yourself from such scams, it is advisable to define a maximum amount in the authorization passed to the smart contract.

In addition, it is always good to test the new protocols with a reduced sum, in order to ensure upstream that this one indeed offers the service that it advertises.