Il est devenu plus facile pour les institutions de jalonner le Polkadot

Il est devenu plus facile pour les institutions de jalonner le Polkadot (DOT)

Crypto custodian Fireblocks a annoncé le lancement de nouvelles capacités de preuve d’enjeu sur sa plate-forme, permettant à ses 165 entreprises et clients institutionnels de miser des cryptocurrences. Le service a été déployé avec le soutien de Polkadot (DOT), Tezos (XTZ) et Ethereum 2.0 (ETH) et promet une Bitcoin Circuit augmentation de rendement comprise entre 5 et 15 pour cent.
Les utilisateurs de Fireblocks peuvent désormais mettre en jeu trois cryptocurrences, dont Polkadot

Alors que le placement de devises par cryptographie est considéré comme une chose relativement nouvelle dans l’industrie, un nombre croissant d’institutions et d’entreprises ont exprimé leur intérêt pour ce service.

Fireblocks, une plate-forme de niveau entreprise pour le déplacement, le stockage et la délivrance de biens numériques, a déclaré que la demande importante des clients les a poussés à introduire le service sur sa plate-forme.

Dans un communiqué de presse publié le 14 janvier, la plate-forme a annoncé le lancement de services de preuve d’enjeu (PoS) hébergés pour Polkadot (DOT), Tezos (XTZ) et Ethereum 2.0 (ETH). Pour permettre le jalonnement à ses 165 entreprises et clients institutionnels, la plateforme s’est associée aux fournisseurs d’infrastructure Staked et Blockdaemon.

„Nous lançons des portefeuilles de jalonnement aux clients de Fireblocks qui détiennent collectivement un important solde d’actifs cryptographiques“, a déclaré Michael Shaulov, PDG de Fireblocks. Bien qu’il ait noté que la majorité des clients de Fireblocks détiennent des bitcoins, la société possède plus d’un milliard de dollars d’actifs entre le DOT, XTZ et l’ETH.

Cela n’est pas surprenant si l’on considère que parmi ses plus gros clients figurent des acteurs majeurs du prêt de DeFi – BlockFi, Celsius, Nexo et Salt. Revolut, B2C2, Coinflex, et Galaxy Digital sont également quelques-uns de ses clients.

Délégation mains libres pour les institutions

Michael Shaulov, le PDG de Fireblocks, a déclaré que la mise en place du jalonnement nécessite le plus haut degré de sécurité dans le stockage de l’actif et sa délégation aux nœuds de jalonnement ou aux opérateurs. Selon lui, cela a été l’un des plus grands obstacles pour les institutions qui cherchent à diversifier leur portefeuille et à se lancer dans le jalonnement.

Le nouveau service, qui utilise les portefeuilles MPC de Fireblocks et l’infrastructure de surveillance fournie par Staked et Blockdaemon, a réussi à résoudre efficacement ce problème. La société affirme que tous les actifs mis en jeu sur sa plateforme seront protégés contre les cyber-attaques, la collusion interne et l’erreur humaine.

Tout cela pourrait être de très bon augure pour Polkadot, dont la croissance massive des prix pourrait rendre l’entreprise intéressante pour les institutions qui cherchent à accéder à la technologie des chaînes de blocage. Avec un taux de rémunération stable de 13,78 % par an et un écosystème en pleine croissance, Polkadot a le potentiel pour devenir une plateforme de référence pour les entreprises.

Il en va de même pour Tezos et Ethereum 2.0, qui pourraient également connaître un intérêt croissant pour le jalonnement dans les mois à venir.

Bitcoin Intraday Volatility eksploduje, ale historycznie dopiero się zaczyna

Cena Bitcoinu po raz kolejny obraca obecnie około 20.000 dolarów, a wraz z nią nastąpił gwałtowny wzrost zmienności intraday, którego rynek kryptokurrency jeszcze nie doświadczył. Jednakże, zgodnie z narzędziem do pomiaru zmienności, trend ten dopiero się zaczyna i spowoduje wybuchową jazdę do następnego szczytu rynku byka. Oto dlaczego jest to „czas na uwagę“.

Legendarny analityk John Bollinger nazywa Top In Bitcoin… Na razie

Bitcoin jest teraz wyraźnie na rynku byka, ale nawet ci doświadczają silnych korekt. Miesięczne zamknięcie listopadowe było pełną świecą o wartości 6.000 dolarów, co stanowi największą w krótkiej historii tego aktywa. Ogromne miesięczne zamknięcie jest jednak oznaką tego, co ma nadejść.

Miesięczne ruchy na poziomie 6 000 USD staną się normą, co przekłada się na równie duże ruchy w krótszych okresach czasu.Doskonały przykład pojawił się wczoraj, gdy Bitcoin Storm został początkowo odrzucony z natychmiast poniżej 20.000 dolarów.

Sprzedaż spowodowała spadek o 10% i 1800 dolarów w ciągu godziny, a potem nawet nie trzy godziny później skoczyła o 1500 dolarów i ponad 7%. Wyprodukowany wzór mógł być jednak „klasycznym top setupem“, jak twierdzi sam twórca Bollinger Bands.

Narzędzie boczne twórcy wskaźnika technicznego mówi, że zmienność jeszcze nie nadeszła

Ten tydzień był szalony na rynkach kryptońskich. Wiodąca waluta kryptograficzna przez market cap ustanowiła nowy rekord cenowy, bijąc wysoko w 2017 roku.

Ale zamiast zachęcać do natychmiastowego FOMO, spowodowało to, że legendarny twórca Bollinger Bands, John Bollinger, wydał ostrzeżenie o potencjalnym „klasycznym top setupie“ tworzącym się w Bitcoinie.

Ale było coś więcej do opowieści w kategoriach wykresu, którym Bollinger podzielił się wraz ze swoim ostrzeżeniem, aby „zwrócić uwagę“. Oprócz tradycyjnego wskaźnika pasm Bollingera, zawarł on również wskaźnik BB Width, który mierzy zmienność i narzędzie o nazwie B%, które pokazuje, gdzie akcja cenowa jest w odniesieniu do górnych lub dolnych pasm.

Odtworzenie legendy wykresu rzuca nieco światła na to, gdzie Bitcoin może się znajdować podczas cyklu byka walutowego. Bollinger Band Width dopiero teraz się podnosi, po osiągnięciu historycznie niskich poziomów dla aktywów spekulacyjnych.

Wraz z przyjęciem BTC oczekuje się, że zmienność będzie się zmniejszać wraz z upływem czasu, jednak szczyty i koryta są nadal oczekiwane w nadchodzących latach. Biorąc pod uwagę, jak wcześnie jest na Bitcoin jako aktywo w skali globalnej, a BB Width dopiero teraz rośnie, zmienność wkrótce przyniesie szok i podziw do kryptońskiej tajemnicy jak nigdy wcześniej.

Relative Strength Index suggests gains for Bitcoin in Q1 2021

Bitcoin’s monthly RSI has surpassed 80, an event that historically precedes further rises: ‚Next year will be bullish,‘ an analyst predicts

 

Bitcoin’s (BTC) monthly Relative Strength Index (RSI) shows that the leading cryptocurrency is poised for another rise.

 

Is 2021 the perfect time for a Bitcoin rally?

The RSI is a momentum indicator that measures whether an asset is in an overbought or oversold condition. When the RSI exceeds 75, it signals that the asset is overbought; when it falls below 30, it means that the asset is oversold.

 

A pseudonymous trader known as „Crypto Chief“ pointed out that Bitcoin’s monthly RSI is set to close above the 80 level. Historically, this event precedes a strong BTC rally. Even if the monthly indicator is above 80, thus in overbought conditions, BTC’s RSI tends to stay in this territory for extended periods during a bullish cycle.

 

Bitcoin’s Monthly RSI

Bitcoin’s monthly RSI. Source: Crypto Chief

Therefore, traders often refer to an overbought RSI on extended interval charts, such as the monthly chart, to predict a sustained rally in the short to medium term. The trader commented:

 

„The monthly candle is about to close above 80. When this happens, the bullish trend continues with an average return of 1010.87%. Each cycle is shorter than the previous one.“

However, the trader pointed out that a single indicator cannot accurately predict the Bitcoin price cycle. Crypto Chief explained that the combination of different factors could act as a guide for the future:

 

„You cannot base a prediction on a single indicator. What we do is combine different methods so that we have a guideline for the future, to look at what is most likely. But in the end, we adapt to what the price is doing in the present.“

„Next year will be bullish“

Traders have different perspectives on Bitcoin’s direction in 2021, but most remain extremely bullish. Michaël van de Poppe, an analyst at Cointelegraph Markets, predicts that Bitcoin will reach levels between $65,000 and $85,000 by the end of 2021:

 

„I have to revise my view on the potential level of $BTC at the end of 2021. Due to this recent increase, I expect it to be between $65,000 and $85,000. Next year will be bullish.“

Meanwhile, the options market has a 22% probability that Bitcoin will reach $120,000 by the end of next year, a target that could be a potential guideline for BTC’s direction in 2021.

 

However, in the short term some traders are cautious about opening leveraged positions. According to a pseudonymous trader known as ‚TheBoot‘, the ideal scenario is to wait for Bitcoin to consolidate at $25,000 or open a position after the next price rise. The trader explained:

 

„In my opinion, there is no rush to open leveraged positions on $BTC here. It would be better to wait and open a long around $25,000 or even $24,500. Alternatively, wait for the next rise and a subsequent fall.“

As Cointelegraph previously reported, whales have been buying Bitcoin more aggressively since Christmas, which could support the medium-term bullish hypothesis for BTC in 2021.

Desenvolvedor de Bitcoin que perdeu o financiamento de Bitmain ganha a primeira subvenção de desenvolvimento da Coinbase

O Coinbase Crypto Community Fund foi concedido a João Barbosa e a outro desenvolvedor pseudônimo.

Bolsas de desenvolvimento Bitcoin Core de sempre

A Digital Currency Exchange Coinbase concedeu suas primeiras bolsas de desenvolvimento Bitcoin Core de sempre, e um nome familiar está entre os beneficiários.

João Barbosa e 0xB10C, o pseudônimo de um desenvolvedor pseudônimo, foram selecionados vencedores no início desta semana. Embora os valores do financiamento não tenham sido revelados, a Coinbase disse que ambos os desenvolvedores „serão financiados para trabalhar no Bitcoin Profit por todo o ano de 2021″ em valores pagáveis via BTC ou USD.

Como a Coinbase afirma:

Ambos os candidatos demonstraram um histórico consistente de contribuição ao Bitcoin Core, e forneceram ao conselho consultivo do Fundo […] um esboço claro e acionável dos projetos nos quais pretendem trabalhar“.

O trabalho de desenvolvimento de Barbosa foi anteriormente financiado pela empresa de mineração criptográfica Bitmain antes que suas doações fossem abruptamente cortadas junto com o colega desenvolvedor Jonas Schnelli.

Está centrado em melhorar a experiência do usuário Bitcoin Core

O trabalho de desenvolvimento de Barbosa está centrado em melhorar a experiência do usuário Bitcoin Core em dispositivos móveis Android e iOS. Ele planeja usar o dinheiro da subvenção para desenvolver uma GUI Bitcoin Core com base na estrutura Qt Quick.

A Coinbase anunciou pela primeira vez seu Crypto Community Fund em outubro como uma forma de patrocinar o desenvolvimento do codebase para o Bitcoin Core. Dependendo do sucesso das primeiras doações, a Coinbase planeja expandir o programa para outros tipos de projetos criptográficos no futuro.

O Bitcoin foi lançado no início de 2009 sem uma angariação de fundos ou subsídios para desenvolvedores. Os primeiros desenvolvedores ajudaram a preparar o caminho para o surgimento de novos ecossistemas monetários. Agora, há mais de 8.100 moedas criptográficas para adoção em várias indústrias, casos de uso e localizações geográficas.

A year for the coronavirus: how has the COVID-19 pandemic affected the cryptographic market during this time?

Who would have thought that the world situation would change so much in the past twelve months? Recall that last November, „zero patient“ with COVID-19 appeared: according to the Chinese news publication South China Morning Post, on 17 November 2019 doctors found the first coronavirus patient. A few weeks later, entire cities in China were beginning to be quarantined, and a little later similar measures were taken almost all over the world due to the rapid increase in the number of infected people. How did all this affect the cryptov currencies? We are telling you.

Global quarantine had a serious impact on the economy and contributed to a sharp increase in unemployment rates in dozens of countries. But despite everything, the ongoing crisis has also had a positive impact on the world. European conservatism, which has long relied on the traditional financial system, has been questioned as the pandemic has forced Europeans to switch to non-cash payments and crypt currencies.

Journalists from the Cointelegraph news publication gathered the thoughts of the industry’s most famous personalities about the complex relationship between COVID-19 and cryptov currencies. Thanks to them, it will be possible to draw a picture of what is going on and to sum up some sort of interim results.

How did the coronavirus affect Bitcoin?

Here is a quote from Ashish Birl, General Manager of RippleNet.

COVID-19 has exacerbated the inequality between those who do not have normal banking services and has identified gaps in our financial infrastructure. Despite the pandemic, people still need to send money to relatives and friends abroad. As a result, remittances continued to grow in some of the largest corridors. For example, in the US-Mexico corridor, remittances have increased significantly since the beginning of the pandemic: in March 2020, Mexico received $4.02 billion from abroad, a 36 percent increase compared to March 2019.

Indeed, as the burden of cashless settlement systems increased dramatically due to the lockdown, people began to realize how high fees they were charged for normal cross-border transfers. In this situation, many of them turned to working with cryptov currencies. However, in the case of Bitcoin, a transfer of the equivalent of a billion dollars may cost the price of a cup of coffee at an expensive coffee shop.

Then Da Honfei, founder of the Neo project and CEO of Onchain, spoke.

In my opinion, COVID-19 did not have a negative impact on the cryptovoltaic market – in any case, it caused increased demand for innovation and implementation of the blockchain. By identifying the weaknesses of our current paradigm in finance, the Coronavirus also highlighted the urgent need for decentralisation.

In other words, the analyst believes that governments and bankers have failed to cope with the crisis situation, which they, among others, have begun to address by issuing new money. And since not all people approve of such actions, but they cannot influence what is happening – yet the authorities have the exclusive right to issue money – citizens in many countries have really thought about decentralisation. And cryptocurrencies are just such a means, because code and algorithms, not officials, govern the main block projects.

Another interesting point of view from billionaire Tim Draper, a well-known venture capitalist and longtime supporter of Bitcoin.

Many people stuck in their homes have finally taken the time to create their own crypto trader wallet. However, the real impact of the Coronavirus is that the isolation has been devastating for many families. When the government printed 13 trillion dollars to support the economy, these people chose Bitcoin over the weakening national currency.

Indeed, the demand for Bitcoin and its popularity has increased dramatically this year. Accordingly, people have indeed begun to explore alternative investments that are not so dependent on government action. Let us remind you that the correlation – that is, the connection between BTC and classical assets is usually insignificant. Bitcoin and other cryptocurrencies have shown growth more than once while the same gold has fallen.

As a result, experts agree that manipulation of the dollar supply on the international currency market has seriously reduced its purchasing power in just a few months. Moreover, they have undermined the status of the world’s reserve currency – as its own price rises, Bitcoin does indeed look like a more attractive asset for investment.

This means that the conclusions are clear: despite the terrible consequences of the coronavirus pandemic and mass lockdowns, the cryptov currencies have only benefited from this situation. People did not fully appreciate the efforts of officials and decided to withdraw from them. That is why many of the citizens‘ savings have gone into the crypt currency, among others.

This is also proved by the graph of the total capitalisation of the cryptovolta market. In 2020, the indicator almost tripled – from 191 to the current 568 billion dollars. We hope this does not end there.

Here is a graph for clarity.

And what do you think about this? Share your opinion in our millionaires‘ crypto. Also make sure you look at Yandex Zen for more materials that are not on the website.

Bitcoin (BTC) drops after new record high

Bitcoin is facing resistance at $ 19,400.

Technical indicators have turned bearish.

BTC benefits from supports at $ 16,040, $ 14,850 and $ 13,660.

On December 1, the price of Bitcoin (BTC) reached a new all-time high before falling sharply.

Bitcoin has regained the majority of its losses, but another near-term decline is expected before a potential resumption of its upward movement.

Bitcoin’s parabolic descent and its resistance test

BTC has been following an ascending support line since the start of the upward movement that started on September 4th.

After breaking below this line on November 26, BTC found support near $ 16,050 (fibonacci retracement level 0.382 of the full rise) before starting the current upward movement.

Although BTC hit a new all-time high, this rise only validated this parabolic line as resistance, before suffering a further rejection.

In addition, technical indicators in the daily timescale are bearish. Both the RSI and the MACD have generated bearish divergences and are in decline. The Stochastic Oscillator has also formed a bullish cross.

If the price declines, the closest support areas are at $ 16,040, $ 14,850 and $ 13,660 (fibonacci retracement levels 0.382, 0.5 and 0.618).

BTC’s shorter-term move shows price deviated (red circle below) above resistance at $ 19,400, before falling back below resistance. The price is now looking to move above this resistance again.

Although the short term technical indicators are bullish, there are potential bearish divergences hidden.

If it goes back to the resistance zone, then the reaction of BTC will be crucial in determining the direction of the next move

In the case of a rejection, which seems to be the most plausible scenario, the BTC could decline to Fibonacci retracement levels 0.5 to 0.618, or between $ 17,620 and $ 18,050.

While the long-term tally is not entirely clear, movement over the past two days indicates a corrective structure in ABC (shown in orange below). BTC is reportedly currently in wave B.

Wave B is another ABC sub-wave structure (in black), with BTC being in sub-wave C. Wave C is expected to rise to $ 19,750, this which corresponds to the 0.9 fibonacci retracement level (required for a plateau) and the resistance line of a possible ascending and parallel channel.

Then the BTC is expected to fall again.

Ethereum and Bitcoin lick the wounds

Ethereum and Bitcoin lick the wounds, Tether goes „brrr“

Bitcoin and Ethereum are battling with psychologically significant brands and records are falling at Tether. The market update.

After the Bitcoin price had set a new all-time high on some crypto stock exchanges, there was profit-taking, which pushed BTC temporarily below $18,200. However, it took less than 2 hours for the crypto reserve by Bitcoin System currency to regain the $19,000 mark – by noon today. At the time of going to press, the Bitcoin exchange rate was 18,933, just under one percent below the previous day’s level.

The crypto currency with the second largest market capitalisation also had to give up its feathers on 1 December. After the long-awaited start of the proof-of-work based Beacon Chain had not only heralded Phase 0 of Ethereum 2.0, but also a small ETH rally, the Ether course also sold off. The 600-US dollar mark, which had been taken by storm, was broken downwards. At the time of going to press, the ether exchange rate recovered slightly, but was unable to overcome the 600 US dollar hurdle on a sustained basis.

DeFi at record level despite sales

Meanwhile, the decentralised financial services sector (DeFi) has also recovered from its nosedive in the last week of November. According to the DeFi portal DeFi Pulse, crypto-currencies with a value of 14.5 billion US dollars are stored in the DeFi ecosystem. As of the editorial deadline, TVL (Total Value Locked) is well on its way to catching up on the all-time high of 14.73 billion US dollars which was only set on 1 December.

While the top 5 have consistently suffered losses in the single-digit percentage range, the daily winners include DDEX (+70 percent), Kyber (+40 percent) and SushiSwap (+10 percent).

Tether prints USDT in record time

Bitcoin, Ethereum and the DeFi sector remain volatile, while the Stablecoin Tether sector is showing increasingly rapid growth. Since the end of September, demand for USDT appears to have risen sharply; so much so that its issuers have increased the timing for „embossing“ new coins. The market capitalisation of USDT is now almost 20 billion US dollars – in January it was less than five billion.

While the growing demand for „price-stable“ USDT tokens can be seen as an indication of increased capital inflow into the crypto sector, the rapid pace at which new tether units are being flushed into the market is also raising concerns. For example, parts of the crypto community have doubts that the tether reserve is large enough to cover all USDT tokens. Tether CTO Paolo Ardoino’s tweet on the recent growth spurt of the stable coin has also provided answers that are otherwise only available to politically legitimate money printers (aka central banks):

pic.twitter.com/OFfM0R14KN
– Crypto 8008 (@crypto8008) November 26, 2020

The mistrust of Tether is mainly based on the fact that the company has to this day carried out a comprehensive audit of its finances.

The indecrottable Nouriel Robini atomizes (again) the Bitcoin “disaster”: “Zero, it will collapse to zero”

It was too good to last – Catastrophic Nouriel Roubini, nicknamed „Dr. Doom“, won’t have been kind to our poor Bitcoin (BTC) for very long. Between the insults at retail crypto investors and the hellish promise of BTC going back to zero, the Bitcoin pessimist is in great shape .

Summary: „Bitcoin is nothing at all“

We had a tiny ray of hope for Nouriel Roubini in early November, when our beloved Armageddon predictor made what almost sounded like a compliment to Bitcoin . Indeed, he then went so far as to say that the king of cryptos would be “ perhaps a partial store of value“ .

But real life doesn’t always end as well as Christmas tales, like the Grinch . So, at the end of last week, instead of the traditional warm Thanksgiving messages, Nouriel Roubini started to openly criticize the cryptosphere.

Dr. Doom, visibly monomaniac of Bitcoin, has published no less than 12 tweets in a row to express his fierce hatred, including this one:

“Bitcoin is not an asset because it has NO intrinsic value. Assets provide either income, capital gains, or actual utility or use of some sort. Stocks, bonds, real estate and other assets provide both income (dividends, interest, rents) and capital gains (…). „

In terms of interest generation , we see that Nouriel Roubini was really not at all interested in the very interesting rates of return that decentralized finance (DeFi) now offers .

Private crypto-investors, „manipulated idiots“

Obviously, it was the small drop in the price of Bitcoin (after all, a very normal correction after such a rise) at the end of last week that woke up the hellish flames of Nouriel Roubini.

“Today (November 26), as BTC moved closer to its all-time high (ATH), the price slumped 13%, following the same bunch of idiots of retail investors who, after having FOMO, were deceived by the manipulations of the whales (the big investors). (…) So, on the occasion of Thanksgiving, do not be a joke / turkey who is duped by manipulative whales (…). Stay away from this cesspool of thousands of worthless shitcoins! “

When we told you that Dr. Doom was in great shape … But let’s not be kidding! The poor man must already eat his hat since at the time of this writing, the price of Bitcoin is once again approaching $ 20,000 on November 30 (at $ 19,494 per BTC to be more precise, on time to publish this article).

Coin Metrics: Bitcoin is incomparable thanks to its initial distribution

The experimental launch of Bitcoin contributed to its dispersion among the masses

Thousands of different cryptocurrencies emerged in the years following the Bitcoin Genesis Block (BTC) in 2009. Although the latest assets feature different technologies and new frills, Bitcoin maintains its advantage in a key category, according to a report published in November by crypto data company Coin Metrics.

Due to its relatively older framework, Bitcoin is sometimes compared to older versions of other technological innovations such as internet dial-up, the report explains:

„Too often these comments are part of deliberate marketing strategies, driven by the proponents of emerging crypto assets that should succeed where Bitcoin has failed. Unfortunately, when faced with a strictly technological comparison, beginners are pushed to the sidelines, especially when discussions become extremely technical“.

Technological ability is important. Cryptocurrency, with their underlying ecosystems and blockchain, however, also act as forms of money or value in addition to the technological base. Consequently, the distribution of the asset plays a key role in the equation, the report states.

In the last decade, cryptocurrencies have occupied countless stocks, especially in 2017, when many alternative crypto assets have recorded huge gains for owners. Many people and teams have produced their own digital assets, some of them competing with Bitcoin’s value proposition.

When Bitcoin became a better known name, however, the organic growth of the assets became complicated. Once the profitability for new assets was identified, what prevented creators from assigning different amounts to certain groups, including specific friends or investors? In practice, since people now expect some kind of financial value when they launch any newly created assets, these new assets do not have a uniform distribution.

The Coin Metrics report examines the centralization detected in the cryptocurrency through the data obtained from the blockchain of these assets. „Favoritism, among other unfair supply distribution models, inevitably results in incredibly centralized monetary bases,“ explains the report.

„Through on-chain data, we can identify structures of properties that are antithetical to Bitcoin’s and quantify the degree of centralization of wealth within their digital economies.

Basically, Bitcoin was born as an experiment unlike anything else before. Very few people understood how the asset worked in the beginning. „There wasn’t even an exchange rate to push the very first users to even remotely imagine evaluating their Bitcoins,“ said Coin Metrics:

„Also because of the already mentioned technical complexity, the results of the first experiments on Bitcoin were disastrous: it is believed that an exorbitant number of BTCs were definitely lost during that period. After all, users were treating Bitcoin as it was then: a curious experiment with digital Monopoly money“.

Through graphs and examples, the report outlines Bitcoin’s initial journey, which produced a wide distribution of coins. Mining activities also influenced the dispersion of the asset. The data presented in the report, however, are strongly based on the analysis of wallet crypto addresses. Sometimes users use numerous wallets and addresses, so the accuracy of the results remains questionable.

Tone Vays, crypto analyst, trader and YouTuber, also expressed similar opinions about the decentralization of Bitcoin in the past.

Last month marked the 12th anniversary of the publication of the Bitcoin white paper.

DeFi tokens continue to suffer as Bitcoin dominates

DeFi tokens continue to fall as the price of BTC rises.

Many leading tokens have lost over 70% since their all-time highs.

DeFi TVL still remains high at over $ 11 billion.

Much of the interest and media madness surrounding the decentralized finance (DeFi) industry that emerged last summer has certainly started to wane, especially when it comes to token prices. Many of the top performing DeFi assets are still bleeding despite the uptrend in the larger cryptocurrency market.

In terms of total locked-in value, the DeFi space still looks bullish with only an 8% drop in crypto collateral in the ecosystem from its all-time high. The current figure stands at $ 11.3 billion according to DeFi Pulse, however, the dollar-denominated measure that remains high could be due to Ethereum prices recovering $ 400.

The same cannot be said of the majority of DeFi-related tokens, however, as most continue to drain while Bitcoin’s market share slowly consumes them. Messari researcher Jack Purdy attributes this to an oversaturation of projects combined with insufficient new capital entering space.

The carnage continues.

This is what happens when there are too many projects with not enough money going into the space.

For those who are able to provide real value, we’ll look from afar and salivate these reviews

Le dump DeFi continue

The funds that were randomly tossed into DeFi tokens over the summer appear to be moving towards Bitcoin as BTC recently hit an almost three-year high of $ 14,400.

Looking at top tokens by protocol, Uniswap’s UNI suffers among the rest with another 5% drop so far in the day and is trading for $ 1.82.

Since its historic high of nearly $ 8 in mid-September, the UNI has lost 76%. That decline may well get even worse when token farming ends on November 17 and millions of dollars are thrown into the market.

$ UNI – Now under $ 2, not surprisingly. When you give away millions of tokens for free, you can’t be surprised when they all start selling. I just hope people sold when they had a much higher price.

Second in terms of TVL protocol is the MakerDAO crypto mainstay, which is holding up well as its native MKR token has remained relatively stable in terms of price over the past year.

Wrapped Bitcoin is third in terms of TVL and it has also risen to record highs of over $ 2 billion in tokenized BTC on Ethereum.

No more suffering on the horizon

Compound Finance’s COMP token continues to take a hit with a 74% drop from its peak, while Aave’s 100-fold supply reduction program hasn’t stopped its new asset from dumping 52 % since last month.

The Curve DAO token, CRV, is in a world of suffering losing an additional 4% today and an agonizing 98% since its all-time high during the DeFi media madness in mid-August. Synthetix is ​​up for the year but has lost another 64% from its peak of $ 7.50 at the end of August.