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Handling of crypto-currencies: are they organized on forums?

  • 13. Februar 2021 at 17:57

The manipulations are organized by online communities.

Jake Daniels explored a scenario where he had to buy the ADA token

Forums will continue to find cryptocurrencies that are climbing and reap the money generated by media attention.

All these massive hikes organized by online communities are making a crowd of new traders drool with envy looking for the next big asset. It is no coincidence that I have noticed an increase in posts regarding participation in “pump discord groups” on Twitter.

I’m a marketing project manager at Bitcoin Trader, a Canadian cryptocurrency exchange . My role is to create animated and topical graphics that highlight the cryptocurrency that will be talked about.

On Tuesday, February 2, I was investigating whether a particular event had been responsible for the 20% rise in Cardano’s ( ADA ) share price. Was this a new tech announcement, or a new manipulation of the WallStreetBets forum?

Browsing through the hashtag $ ADA on Twitter, I observe that it is inundated with identical tweets mentioning a group of people looking to manipulate the market.

“$ Ada handled by a lot of people tonight!”

“#Wallstreetsbets and other forums will manipulate $ ada. They have already attacked $ xrp, $ doge, $ gme and $ amc! Check the court of these assets ”.

I considered this situation, and envisioned a scenario where if I were to buy ADA while under the effect of FOMO, what would happen?

Cryptocurrency case number one: ADA

The first order: Browse tweets about ADA manipulation and merge them into intervals to measure trading volume . You will find below this volume on the history of the token price.

Although it may be a coincidence, when the volume of spam increases, a slight increase in prices ensues. Maybe a few people realize the situation and decide to buy. Or maybe it’s trading robots that use this indicator as a buying factor.

Let’s zoom out for a few hours and put that into perspective.

We can see spam rushing through Twitter when the cryptocurrency has hit its peak: one minute, actually. We, the amateur investors, do not yet know that this is the right time.

Instead, we take a look at GME, AMC and DOGE cryptocurrencies and stocks, which have risen by over 100%, and hope that this so called “#wallstreetsbets in partnership with Discord” will do its magic!

With perfect anticipation? It certainly doesn’t sound like market manipulation. In any case, their method worked.

Find more examples

I want to know more about the consistency of this group and its patterns. So I zoom out again.

Below I have counted the number of times the group URL is found in tweets. These tweets have again been grouped into two minute intervals where each color represents a different message.

“XRP and DOGE cryptocurrencies were boosted by the same group that drove AMC and GME stocks soaring. This group grew to 50,000 members in 24 hours. “

“This forum is going to push XRP up tonight at exactly 9pm GMT. They also brought up the DOGE a few days ago. „

“The price of XRP is boosted by a forum that also raised the DOGE. The #dogecoinarmy is formed in a group of 200,000 members. „

Elon Musk provoca recurso criptográfico para Marte, bombardeia Dogecoin no Tweetstorm de férias

  • 27. Dezember 2020 at 23:45

O presidente-executivo da Tesla, Elon Musk, está brincando com a possibilidade de usar ativos criptográficos para alimentar uma economia futura em Marte.

Respondendo a uma discussão iniciada pelo pesquisador de inteligência artificial Lex Fridman, o chefe da empresa de veículos elétricos oferece uma resposta direta quando questionado se a economia marciana funcionará com criptografia.

„Sim.“

A última tempestade criptográfica de Musk também envolve uma saudação de feriado com a imagem de uma mulher vestindo um short Dogecoin (DOGE).

Na semana passada, Musk enviou o ativo de criptografia em alta de 20% após elogiar a criptomoeda com tema de cachorro em um tweet.

“Uma palavra: Doge.”

Em julho, Musk compartilhou um tweet sugerindo que Dogecoin poderia assumir o controle da economia global e se tornar uma moeda de reserva.

„É inevitável.“

Após o tweet, Dogecoin subiu quase 20%.

Musk recentemente chamou a atenção do CEO da MicroStrategy, Michael Saylor, após postar um meme provocativo sobre a força necessária para permanecer produtivo e ignorar a criptomoeda líder.

O executivo-chefe da empresa de inteligência de negócios aproveitou a oportunidade para apresentar a BTC ao pioneiro em tecnologia.

“Se você quiser fazer um favor de US $ 100 bilhões aos seus acionistas, converta o balanço patrimonial da TSLA de USD para BTC. Outras empresas no S&P 500 seguiriam sua liderança e, com o tempo, ele cresceria e se tornaria um favor de US $ 1 trilhão. ”

Deutsche Bank kündigte einen Kryptowährungsfonds an

  • 7. Dezember 2020 at 9:16

Zwei Jahrhunderte alte deutsche Bank kündigte einen Kryptowährungsfonds für 2021 an

Institutionelle und semi-institutionelle Investoren können sich an einem neuen Kryptowährungsfonds beteiligen, der von einer deutschen Altbank aufgelegt werden soll.

Hauck & Aufhäuser, eine der ältesten deutschen Banken, setzt mit der Auflegung eines Kryptofonds Anfang nächsten Jahres ein Zeichen laut BitQT für den entstehenden Kryptowährungsraum. Die Geschäftsbanken des Landes zeigen nach wie vor einen großen Appetit auf virtuelle Währungen, was auf ein festes, aber günstiges regulatorisches Mandat von Regierungsbehörden zurückzuführen ist.

DAIC-Kryptofonds für Bitcoin, Ether und Stellar

Laut Fundview vom 3. Dezember will Hauck & Aufhäuser bis Januar 2021 einen Krypto-Währungsfonds unter den Ställen seines digitalen Investmentzweigs, Hauck & Aufhäuser Innovative Capital (HAIC), einführen. HAIC wird bei der Auflegung des Fonds mit dem Berliner Fintech-Unternehmen Kapilendo zusammenarbeiten.

Der als HAIC Digital Asset Fund I. bezeichnete Fonds wird drei Krypto-Assets abdecken, nämlich Bitcoin, Ether und Stellar. Auch der neue Krypto-Fonds richtet sich an semi-institutionelle und institutionelle Investoren. Während die Zeichnungsfrist unbegrenzt ist, ist der Mindesteinstieg für Investoren auf 200.000 Euro (243.000 US-Dollar) festgelegt.

Zum neuen Krypto-Fonds der Bank sagte Holger Sepp, Mitglied des Vorstands der Bank:

„Wir sehen, dass digitale Vermögenswerte und Krypto-Währungen für institutionelle Anleger immer attraktiver werden.

Mit der Lancierung unseres ersten Krypto-Fonds haben wir gemeinsam mit Kapilendo ein innovatives Anlagevehikel geschaffen, das unseren Kunden einen kostengünstigen und sicheren Zugang zu der neuartigen Anlageklasse Krypto ermöglicht und gleichzeitig die etablierten Qualitätsstandards und hohen Ansprüche von Hauck & Aufhäuser erfüllt“.

BaFin-Lizenz löste den Fonds ab

Die Kryptofonds von Hauck & Aufhäuse werden demnächst aufgelegt, nachdem die Bank bereits im September 2020 eine BaFin-Lizenz für ihre Tochtergesellschaft für digitale Vermögensanlagen, Hauck & Aufhäuser Innovative Capital (HAIC), erhalten hat. Die BaFin-Lizenz erlaubt es HAIC, als pflichtgemäß registrierte Kapitalverwaltungsgesellschaft zu agieren.

Zu dieser Zeit spielte die Führungsspitze der Bank bereits auf einen Vorstoß in Kryptowährungen an, wie Vorstandsmitglied Michael Bentlage hervorhob:

„Prognosen gehen von einer wachsenden Nachfrage nach Fondsprodukten für digitale Assets aus, und auch auf Kundenseite sehen wir ein starkes Interesse. Deshalb ist es für uns wichtig, frühzeitig die richtigen Weichen zu stellen und unseren Kunden den Zugang zu dieser innovativen Anlageklasse zu ermöglichen“, betonte Vorstandsmitglied Michael Bentlage.

Wie bereits zuvor von CryptoPotato berichtet, hat die BaFin Kryptowährungen als Finanzinstrumente eingestuft und damit den Weg für den institutionellen Zugang zu dieser Anlageklasse geebnet. Bereits im November 2019 begannen die Aufsichtsbehörden des Landes mit der Entwicklung eines rechtlichen Rahmens für Banken, die als Verwahrer von Kryptowährungen fungieren sollen – eine notwendige Entwicklung für eine breit angelegte institutionelle Beteiligung.

Bitcoin-dominantie bij 4 maanden hoog als totale marktcapwinsten $17 miljard (Market Watch)

  • 7. November 2020 at 11:16

De dominantie van Bitcoin is tot het hoogste niveau gestegen sinds juni 2020, omdat de prijs een nieuw record ziet ten noorden van 14.500 dollar.

Een andere etappe bracht Bitcoin naar een nieuw jaarlijks hoogtepunt van meer dan $14.500. De meeste alternatieve munten werden achtergelaten en de dominantie van BTC over de markt is verder uitgebreid tot bijna 65%.

Bitcoin pieken nog maar eens tot $14.350

Het is veilig om te zeggen dat de primaire cryptocurrency de afgelopen weken heeft genoten. Bitcoin markeerde opeenvolgende jaarlijkse hoogtepunten in oktober en brak afgelopen zaterdag eindelijk boven de hoogte van 2019. Op dat moment registreerde BTC een nieuwe 1.000-dagen high van 14.100 dollar.

De digitale activa hadden de volgende dagen, tot gisteren, moeite om het prijskaartje erboven te houden. Het is nog steeds onduidelijk of de Amerikaanse verkiezingen een directe invloed hadden op de prijs, maar Bitcoin sprong terug naar boven de $14.000.

Desalniettemin volgde een andere afwijzing, en BTC haalde zijn intraday-laagtepunt van $13.550. Hoewel de situatie ongunstig leek, heeft Bitcoin de neiging om te bewijzen dat mensen het bij het verkeerde eind hebben, en dat is precies wat er enkele uren geleden is gebeurd.

Voor de derde keer in minder dan een week tijd, kwam BTC boven de $14.000 uit. Maar deze keer viel het niet meteen. In plaats daarvan bleef het stijgen en schilderde het nog een YTD hoog boven de $14.500 (op Binance). Dit is nu het nieuwe hoogste prijskaartje dat BTC sinds januari 2018 heeft gezien.

BTC Dominance On The Rise

De meeste alternatieve munten hebben gefaald in de achtervolging van hun leider. Ethereum is een van de weinige uitzonderingen. ETH heeft na een stijging van 5,1% meer dan $400 terug gepompt. De positieve prijsontwikkeling kan grotendeels worden toegeschreven aan de lancering van het Ethereum 2.0-stortingscontract, dat gisteren door Vitalik Buterin werd aangekondigd.

Binance Coin (4,3%) en Litecoin (4,8%) zijn ook in waarde gestegen ten opzichte van de dollar. Veel van de resterende cryptocurrency’s zijn ook licht gestegen, hoewel niet zo belangrijk als die van BTC.
heatmap

Bijgevolg is het relatieve aandeel van Bitcoin in het totale marktplafond, namelijk de BTC-dominantie, geleidelijk verder toegenomen en bedraagt het nu meer dan 64,8%. Het is het vermelden waard dat het minder dan een maand geleden gedaald is tot 58,2%. Deze stijging van 6,6% in drie weken heeft de BTC-dominantie op haar hoogste niveau gebracht sinds juni 2020.

Bitcoin, the programmable currency revolution: Discreet Log Contracts and their implications

  • 3. November 2020 at 11:32

These two keyboard wizards are working together at MIT (Massachusetts Institute of Technology) under the Digital Coin Initiative.

It was at one of the events organized by this branch of MIT in 2018 to explore second layer solutions that the two developers presented their project for the first time.
The challenges of smart contracts

They begin by mentioning the challenges of implementing intelligent contracts in the financial field, i.e. their scalability, as well as the difficulty of gathering external information from the financial market. Another major challenge of smart contracts published on a public network such as Bitcoin Future is confidentiality it can be very disadvantageous for two parties to make their financial bets visible.

The main idea of a CSD is the creation of a monetary contract that specifies the distribution of funds between two parties on a contingency basis with conditions specified a priori from the formation of the contract. The result needed for the determination is controlled by an external entity independent of the contractors, either an Oracle or a combination of Oracles chosen by the parties.

The CSD has a structure similar to a 2 out of 2 multi-signature contract. Funds can only be distributed following the publication of a valid signature by the oracle who then specifies the results in it through an API (Application Programming Interface). The time of publication of these data is programmed in advance. To avoid collusion between the oracle and one of the potential contract agents, the conditions of fund distribution are not visible to the oracle.

Graphic representation of a CSD by the firm Crypto Garage

Nevertheless, the oracle is the unique link between the blockchain and the real world, so it must necessarily be a legitimate and reliable source of information. In order to mitigate the risks of corruption of an oracle, parties may decide to use several oracles at the same time and calculate the average result. This risk mitigation is currently not yet possible, but is already under development.
The Evolution of CSDs – The „Adaptors signatures“.

The first major readjustment of the CSD project was the adaptation of their general structures to allow the use of „Signature Adaptors“. This type of signature allows a scaled and more anonymous integration of the CSDs than the type of signatures previously used. In short, the „Adaptors signatures“ allow the creation of two invalid signatures by the contractors, of which only one could ultimately be validated in conjunction with the signature issued by the Oracle. This allows a unilateral resolution from a cryptographic point of view.

Obviously, the science and cryptography of „Adaptor signatures“ goes far beyond the objective of this article, which is more general in scope. For those who would like to know more, I invite you to consult these more detailed explanations made by Tari labs.
DLC’s and the Lightning Network

CSDs are mainly developed for the implementation of smart contracts directly on the first layer. So there are currently four main compatible implementations : Bitcoin-S, NDLC, Rust-DCL and CFD-DLC, aimed at achieving this goal. Respectively in order of mention, these implementations use the programming languages Scala, C#, Rust and Python. So there will be something for everyone.

This type of signature allows a scaled and more anonymous integration of the CSDs than the type of signatures previously used. In short, the „Adaptors signatures“ allow the creation of two invalid signatures by the contractors, of which only one could ultimately be validated in conjunction with the signature issued by the Oracle.

This allows a unilateral resolution from a cryptographic point of view.

US authorities to lower threshold for obtaining information on transactions

  • 28. Oktober 2020 at 8:00

If the new provision is implemented, crypto exchanges would have to manage a lot of sensitive user data, which would mean further risks.

The US Financial Crime Enforcement Agency (FinCEN) and the US Federal Reserve (Fed) have drastically lowered the threshold for obtaining information on transactions.

According to an announcement published on Friday, the two regulators intend to lower the previous threshold of $3,000, which was set in 1995, to $250 for international transactions. This means that financial institutions would have to provide the authorities with customer information for each transaction above $250 that takes place abroad. The so-called „travel rule“ would therefore apply to very small amounts.

The proposed amendment also specifically covers „convertible virtual currencies“, to which the new rule would also apply.

The information to be provided under the new Travel Rule is

„1.) name and address of the payer; 2) The exact payment amount or transaction order; 3) The execution date; 4) All payment instructions accompanying the payment by the payer; 5) The beneficiary’s bank or financial institution“.

A considerable amount of sensitive information must therefore be transmitted, which Bitcoin Storm Scam exchanges would then have to store in addition to the usual customer data. This would be an enormous security risk for the users. The new rule also implies that financial institutions need to know the exact location of the transactions in question.

The Financial Action Task Force on Anti-Money Laundering (FATF) is currently working on a similar provision at global level. This proposal is also highly controversial in the cryptographic industry. The extensive information gathering that it would entail is in sharp contrast to the principles of cryptocurrency, as set out, inter alia, in Bitcoin’s white paper

The amendment to the Travel Rule is still only a draft. FinCEN and Fed will collect public feedback over the next 30 days before moving on to the next round.