The big hodln: International sovereign wealth funds apparently invested in bitcoin

Singaporean sovereign wealth fund Temasek appears to hold Bitcoin. This means state actors have arrived on the global crypto stage.

First it was the nerds, then it was the hodlers, then it was big business. Are the states coming now? According to scene insiders, it shouldn’t be long before state-run funds, so-called sovereign wealth funds, are making Crypto Bull inroads into Bitcoin. On the contrary, according to hedge fund manager Raoul Pal, this has already happened. As the CEO of the business news platform Real Vision wrote on Twitter, the Singaporean sovereign wealth fund Temasek is already invested in BTC.

Meanwhile, the news comes from Robert Gutmann, CEO of the New York Digital Investment Group (NYDIG). He was recently a guest on Pal’s podcast. According to this, Temasek has bought virgin Bitcoin directly from miners and thus diversified its assets. In total, the Singaporean sovereign wealth fund holds assets worth more than 300 billion US dollars.

Temasek is not alone with this investment. The New Zealand Pension Fund is also said to have held a five percent bitcoin position since October 2020. This is according to a report in local newspaper Stuff.

„If you like investing in gold, you can’t really disregard BTC,“ said the CIO of the KiwiSaver fund.
cryptocompass

Buy or ban?

The entry of state actors onto the global stage of the Bitcoin game would be a paradigm shift. After all, states are considered the biggest threat to the project. Even Ray Dalio considers a Bitcoin ban in the US „very likely“, as we had reported in this space. Market observers are undecided on this issue. It is true that examples such as India’s Bitcoin ban show that there are some governments with authoritarian policies against the cryptocurrency. But whether the ban is enforceable at all is completely open. After all, BTC functions entirely without centralised authorities that can be forced to give up by order. Theoretically, Bitcoiners can even „store“ their private key in their heads by memorising it. In other words, Bitcoin itself cannot be banned. What states can ban are the so-called fiat onramps, i.e. exchanges and brokers.

However, game theory suggests that state actors will do exactly the opposite. As can be seen in the example of Iran, marginalised countries can certainly benefit from early Bitcoin acceptance. So once states recognise that Bitcoins are too powerful and resilient to ban, the next best solution is broad and early adoption – Singapore’s sovereign wealth fund seems to have understood this.

Der versierte Händler der alten Schule, Peter Brandt, glaubt, dass die Gier der „Kryptomanen“ letztendlich ihr Untergang sein wird, selbst wenn Bitcoin $100.000 oder $1 Million erreicht.

Peter Brandt, der seit den 70er Jahren im Rohstoffhandel tätig ist, hat sich auf Twitter zu Wort gemeldet, um „Kryptomanen“ dafür zu schelten, dass sie in ihren Erwartungen an Bitcoin zu gierig sind.

Er glaubt, dass selbst wenn BTC $50,000 (das hat es bereits), $100,000 oder sogar $1 Million erreichen kann, „die Gier der Kryptomanen letztendlich ihr Untergang sein wird.“

„Je höher Bitcoin steigt, desto gieriger werden sie werden“

Trading-Legende Peter Brandt hat zugegeben, dass er Bitcoin besitzt (nachdem er seine Bestände abgestoßen und dann seit 2016 wieder gekauft hat) und versteht, warum die Community Bitcoin als bahnbrechende Investition ansieht.

Allerdings hat er die Gier der Bitcoiners (er bezeichnete sie als „Kryptomanen“ und „Kryptokultisten“) angeprangert, die theoretisch einen Wert von 1 Million Dollar erreicht hat.

Bitcoin hat in diesem Jahr bereits die Marke von $50.000 überschritten. Selbst wenn er auf $100.000 und dann weiter auf $1 Million pro Coin steigt, wollen sie immer noch einen höheren Preis, vermutete Brandt in seinem Tweet.

Ob es von $50,000, $100,000 oder $1 Million, die Gier der #cryptomaniacs wird schließlich ihr Untergang sein.

Auch, je höher es geht, desto gieriger werden sie werden.

„Bitcoin ist niemandem etwas schuldig“

Peter Brandt hat auch getwittert, dass er die Idee versteht, dass die Gemeinschaft Bitcoin als ein bahnbrechendes Produkt für Investitionen sieht.

Doch selbst als Bitcoin-Besitzer und -Händler scheint Brandt zu bezweifeln, dass BTC der Gesellschaft irgendetwas zu bieten hat, das besser ist als das aktuelle Fiat-Geldsystem.

Dennoch glauben „Kryptokultisten“ das Gegenteil, fährt der Händler fort, „als ob Bitcoin ihnen etwas schuldet.“

Brandt ist nicht scharf auf XRP

Wie U.Today kürzlich berichtete, schlug Peter Brandt XRP nieder und schlug sich damit auf die Seite der SEC gegen Ripple und den damit verbundenen Token.

Er twitterte, dass XRP ein OTC-Wertpapier ist, das von Ripple Labs ausgegeben wird. In der Vergangenheit, er bezog sich auch auf die siebtgrößte Kryptowährung als manipulierte Betrug.

Os investidores colocaram um recorde de US $ 1,3 bilhão em fundos de criptomoeda na semana passada, diz a empresa de gestão de ativos.

Os influxos para Bitcoin System e outros produtos de investimento em criptografia atingiram US $ 1,3 bilhão na semana passada, por Coinshares.

É um novo recorde histórico para a métrica

A escala de cinza continua sendo a principal referência em gerenciamento de ativos criptográficos.
O Bitcoin e outros fundos de criptomoeda acabaram de ter uma semana recorde, de acordo com dados da empresa de gestão de ativos Coinshares.

Em um relatório semanal, a Coinshares avalia seu desempenho em comparação com outras firmas de investimento em criptografia (como Grayscale, 3iQ e 21Shares) observando quanto dinheiro os clientes estão investindo nos fundos. Na semana passada, as entradas de todos os fundos monitorados pelo relatório alcançaram US $ 1,3 bilhão – uma nova alta semanal.

A escala de cinza continua sendo a líder em produtos de investimento em criptografia, com mais de US $ 26 bilhões em ativos sob gestão (AUM). Cerca de US $ 21,6 bilhões disso estão no Grayscale Bitcoin Trust (GBTC) – um tipo de veículo de investimento que fornece exposição ao Bitcoin para investidores que procuram evitar o incômodo de negociação e custódia.

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Coinshares atribuiu os ingressos da semana passada ao desempenho do Bitcoin nos últimos meses; 97% dos US $ 1,3 bilhão foram em produtos de investimento relacionados ao Bitcoin.

Mas o relatório também sugere que os produtos e fundos de investimento representam uma pequena fração do volume total de negociação do Bitcoin:

“Apesar dos influxos recordes, os produtos de investimento não testaram a liquidez do Bitcoin subjacente, com os produtos de investimento representando apenas 6,5% do volume de negócios total do Bitcoin. Até agora, os volumes deste ano em Bitcoin foram consideravelmente maiores, negociando uma média de US $ 12,3 bilhões por dia, em comparação com US $ 2,2 bilhões em 2020 ”.

Parte do motivo pelo qual mais pessoas estão negociando Bitcoins este ano tem a ver com o preço. Depois de estabelecer um novo recorde histórico de mais de $ 41.000 no início deste mês, ele se estabilizou em cerca de $ 32.000 – a esta altura do ano passado, um Bitcoin valia cerca de $ 8.000.

Inmitten von Stromausfällen und Polizeirazzien wägt der Iran die Vorteile von Bitcoin-Mining ab

Ein Land, in dem Bitcoin einst zu florieren schien, versucht nun, die Kryptowährung zum Sündenbock zu machen.

Während Stromausfälle und Polizeirazzien die aufstrebende iranische Bitcoin-Mining-Industrie in Aufruhr versetzen, wird ein Match zwischen einer erlaubnisfreien Währung und einem Land, das von der Bitcoin Investor Inflation erdrosselt wird, das einst wie eine perfekte Passform schien, nun in Frage gestellt.

Wie Cointelegraph bereits berichtet hat, schließt sich der Iran Pakistan als Kryptowährungs-Supermacht im Nahen Osten an, was zum Teil auf die billigen, stark subventionierten Strompreise zurückzuführen ist, sowie auf einen Aktivitätsschub nach einer Genehmigung des Bitcoin-Minings als „industrielle Aktivität“ für Kraftwerke im Jahr 2020. Es wird geschätzt, dass es derzeit weit über 1000 juristische Personen gibt, die Mining-Aktivitäten betreiben.

Die kurze Geschichte des Cryptocurrency-Minings im Land war jedoch nicht immer rosig. Die Behörden haben in den letzten Monaten mindestens tausend illegale Farmen geschlossen und die Bitcoin-Kassakurse waren im Vergleich zum Rest der Welt aufgrund der hohen Nachfrage falsch bewertet, da die Investoren vor dem rapide ansteigenden Rial flüchteten.

Jetzt ist eine weitere Quelle der Reibung aufgetaucht, da das Land von häufigen Stromausfällen in großen Bevölkerungszentren heimgesucht wird

Am 16. Januar berichteten mehrere Stellen, dass es im Iran in weiten Teilen des Landes zu Stromausfällen kam. Social-Media-Berichte haben angedeutet, dass der Strom sowohl vor als auch nach dem Ausfall am 16. punktuell gewesen ist, jedoch mit mehreren Städten, die Stromausfälle in den letzten zwei Wochen erleben.

Die Behörden haben sich beeilt, das Bitcoin-Mining für die Ausfälle verantwortlich zu machen und haben Polizeirazzien gegen illegale Mining-Operationen veröffentlicht, aber einige Experten glauben, dass die Regierung einfach nur nach Ausreden für ein lange verfallendes Stromnetz sucht.

In einem Interview mit der Associated Press am Donnerstag sagte der ehemalige stellvertretende Leiter des iranischen Umweltministeriums, Kaveh Madani, dass Bitcoin ein „leichtes Opfer“ sei, und dass „Jahrzehnte“ administrativer Misswirtschaft die wahrscheinlichere Ursache seien.

Darüber hinaus ist es klar, dass die Behörden der Kryptowährung nicht völlig den Rücken kehren, auch wenn das Retail-Mining derzeit als Sündenbock für die Regierung fungieren mag. Erst letzten Monat wurde Bitcoin verwendet, um Importzahlungen aus Venezuela zu erleichtern.

The CEO of MicroStrategy took part in an interesting discussion on Twitter, offering BTC advice to the founder of Tesla and SpaceX.

Michael Saylor, CEO of MicroStrategy, has offered to give Elon Musk advice on how to start investing in crypto.

In a tweet posted yesterday, Saylor suggested that Musk convert the balance sheets of Tesla, a company whose market capitalisation is currently estimated at over $658 billion, into Bitcoin (BTC). According to Saylor, if a figure like Musk took steps to adopt Bitcoin, „other companies in the S&P500“ would follow.

Saylor went on to suggest that he would „share [his] playbook“ with Tesla’s CEO, „from one scientist to another,“ stating that he has purchased $1.3 billion in Bitcoin this year. The MicroStrategy CEO holds a double degree from MIT in „aeronautics and astronautics“, and in „science, technology and society“.

Musk, the CEO of Tesla and SpaceX, has an estimated net worth of more than $153 billion, but until February 2019 held only 0.25 BTC. On the other hand, Saylor, whose net worth is 300 times less, or about $500 million, led business intelligence firm MicroStrategy to make one of the largest Bitcoin investments this year. The CEO has seen the value of his initial $425 million purchase more than double, thanks to BTC’s recent rally to $24,000.

Other well-known names in the crypto world quickly responded to Musk’s enquiry about the possibility of making such a substantial crypto purchase. Sam Bankman-Fried, CEO of FTX, a Hong Kong-based crypto derivatives exchange, told Crypto Engine the billionaire that he could execute such a plan „in a single week.“ Gemini co-founder Tyler Winklevoss also jumped into the conversation, explaining to Musk that „there’s enough liquidity to do it.“

However, there are also those who have spoken in the opposite direction: it is the „gold bug“, Peter Schiff, who spoke of Bitcoin as a pyramid scheme and advised Musk to „[not] let Tesla shareholders end up like MicroStrategy shareholders“.

Saylor has been openly pro-Bitcoin since announcing in August that MicroStrategy had completed its first $250 million purchase of Bitcoin for reserve assets. According to the executive, a company like Apple could earn $100 billion in market cap by integrating Bitcoin into Apple Pay, building a secure crypto wallet directly into the iPhone, and buying crypto assets with reserves in its treasury.

On Friday, Saylor further stated:

„Big Tech will need to integrate its products with Bitcoin to remain competitive. All companies will need to convert their treasuries to BTC to remain solvent.“

Its XRP burns its hands – One of the main problems with XRP is that Ripple Labs and its founders hold astronomical amounts of it. This has become all the more problematic since Jed McCaleb, former founder of Ripple, decided to get rid of his tokens as quickly as possible.

Billions of XRP to spare

In July 2013, Jed McCaleb definitively slammed the door of Ripple (then called OpenCoin ), of which he was however one of the main initiators.

Since then, although he has moved on to his new cryptocurrency project – Stellar (XLM), launched in 2014 – Jed McCaleb has nonetheless retained a large indirect influence on Ripple’s XRP .

Indeed, when he left his previous project, due to differing views, he took away no less than 9.5 billion XRP , or 9.5% of all existing XRP .

After a lengthy legal battle that ended in February 2016, Ripple Labs and Jed McCaled managed to come to an agreement on how to liquidate their XRP which, from the start, expressed a desire to resell them.

The amount of XRP that the former founder of Ripple can resell depends on the global trading volumes of this interbank token. And as these volumes have increased … guess what!

Jed McCaleb steps up XRP liquidation

Stellar’s current CTO can resell up to 1.5% of the global XRP trading volume every day . If this represented „only“ 2 million XRP per day last May, the pace has accelerated sharply in recent days.

As anyone can see from Jed McCaleb’s XRP address (thanks to the blockchain transparency ), his liquidation saw a first sharp increase since late last month. Eh yes ! Since November 29, our friend has gone from less than 4 million XRP resold every day to over 9.9 million XRP , or almost $ 6 million.

But since December 6 , the „dump machine“ has been racing again . Jed McCaleb has effectively disposed of over 29.57 million XRP in each of the past 2 days , or around $ 35.5 million in tokens resold within 24 hours.

Knowing that there are still nearly 3.7 billion XRP to get rid of, it may end up hurting a lot at this rate, even through OTC transactions (over-the-counter) which nevertheless influence a lot. minus the prices compared to trading on crypto exchanges.

KORT OM

• Venezuelanske bitcoin-minearbejdere i Carabobo-regionen oplever strømafbrydelser.
• En højt oppe i regeringen er angiveligt bag lukningen.
• Venezuela har et sundt minesamfund, mens deres fiat-valuta forsvinder.

On November 24, the price of XRP jumped to over $ 0.90, before falling rapidly by about 30%.

This course was only seen on Coinbase and as a result of the madness its website temporarily went down.

XRP is benefiting from an extended price rally, but still falls short of its previous all-time highs

The price of Ripple’s XRP token, currently the third-largest cryptocurrency in the world by market cap, climbed to $ 0.90 today, only to fall rapidly by 30%.

This was apparently motivated by Coinbase users as the price of XRP has not reached the same levels on other exchanges. Bitfinex, Bitstamp, and Kraken, for example, recorded numbers as low as $ 0.80 during the same period.

In light of this, some believe the market has reached a stage in the bull run where prices are starting to diverge on different exchanges – a phenomenon that can often be attributed to liquidity issues.

Shortly after the peak and the mini-crash that followed, “Coinbase” started trending on Twitter in the United States. As in the past, the surge in activity appears to have crushed Coinbase’s website.

This is not without precedent and seems to have happened again despite CEO Brian Armstrong’s statements about the preparation. “We are working hard to add additional capacity (both at the server and customer support level) to cope with the increased traffic,” he tweeted on November 18.

Target previous summits

As previously reported by BeInCrypto, XRP had a historically good week, climbing 100% in seven days, including a 40% increase from $ 0.32 to $ 0.45 in just 24 hours between November 21 and 22. .

According to Forbes , the latest rally was primarily driven by the news that the company behind XRP, Ripple, which owns around 60% of the tokens, said it was looking to capitalize on a central bank rush to digitize its currencies. .

Despite its current rise, XRP is still down around 80% from its 2018 high.

Le bitcoin de l’ère Satoshi a été consolidé dans deux portefeuilles en vrac contenant un total de 2050 BTC, d’une valeur de 31,5 millions de dollars.

La consolidation pourrait être un précurseur de la vente de ces pièces vieilles de dix ans sur le marché.

Une vente en gros de 2050 BTC et l’augmentation des sorties de mineurs vers les bourses peuvent provoquer une baisse significative du prix du bitcoin.

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Le Trust Project est un consortium international d’organisations de presse établissant des normes de transparence.

Crypto Market Exchange en baisse

Quelques sommes consolidées en vrac Bitcoin Future d’une valeur de 31,5 millions de dollars, intactes depuis dix ans, pourraient bientôt être vendues sur le marché à mesure que les hausses de prix actuelles se poursuivent.

Les mouvements BTC de l’ère Satoshi suscitent souvent une attention considérable dans l’espace cryptographique. Habituellement, l’objectif est de déterminer si les pièces font partie de la réserve extraite par le créateur de Bitcoin dans le ` ` modèle Patoshi “.

2050 BTC sur le marché bientôt?

En tweetant le 9 novembre, l’analyste Bitcoin @murphsicles a révélé la consolidation de 1000 BTC (~ 15,5 millions de dollars) à partir d’adresses contenant des récompenses de bloc vieilles de dix ans. Les données de blockchain.com montrent un cumul de 50 BTC en récompenses coinbase provenant de 20 adresses différentes.

Avant la première réduction de moitié du Bitcoin en 2012, les mineurs gagnaient 50 BTC en récompense pour avoir réussi à extraire un bloc de transaction.

Comme le montre l’image ci-dessous, l’entité responsable du roll-up a également divisé le trésor de 1000 BTC en adresses natives Bech32 SegWit.

Bitcoin en mouvement de l’ère Satoshi?

Le cumul de lots de 1000 BTC est le deuxième de ces mouvements en moins d’une semaine. Plus tôt en novembre, un autre lot de récompenses coinbase de l’ère Satoshi provenant de 21 adresses a également été transféré dans une réserve consolidée de 1050 BTC (~ 16 millions de dollars).

Le trésor de 1050 BTC a la qualité unique d’une adresse du modèle Patoshi. Tout aussi significatif est le fait que la même adresse apparaît également dans les 1,1 million de documents BTC Tulip Trust.

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Almost one fork a year – After the fork between Bitcoin (BTC) and Bitcoin Cash (BCH) in August 2017, then the fork between BCH and Craig Wright’s BSV in November 2018, a third „hash war“ is looming on November 15. A deep disagreement within the BCH community will provoke a new split into two distinct blockchains.

The cloning of the BCH is no longer stopped: here are now BCHA and BCHN.

The Bitcoin Cash Project communities seem to agree to disagree. The bone of contention is the implementation of an 8% tax on mined block awards.

This implementation, planned for the November 15 fork, has been strongly criticized since its first evocation in early 2020. Although the controversial tax has since been reduced (from 12.5 to 8%), nothing has been done about it: some miners and network nodes will refuse this forced taxation.

The two clans are divided as follows.

On the one hand, there is the clan gathered around Bitcoin ABC, whose crypto will be called „BCHA“. This camp is going to implement the famous tax, which aims to help the development of the BCH network (well BCHA, we must manage to follow!).

On the other hand, there is the „BCHN“ (Bitcoin Cash Node) tribe, led by Roger Ver. They refuse taxation, criticizing in particular the fact that all levies will go to a portfolio controlled by Amaury Séchet.

Contingency plans created in panic by cryptos platforms

The CoinDance site lists which node software client has validated the last 1,000 blocks on the BCH network. The least we can say is that taxation is not going well at all.

As can be seen below, 767 of the last 1000 blocks (more than three-quarters of them) have been mined by nodes with the BCHN tax-free implementation. Only 8 blocks (or 0.8%) have validated a block with the client version of Bitcoin ABC. However, 22.5% of „neutral“ nodes have still not chosen their side.

Distribution of the client types that have validated the last 1000 blocks of the Bitcoin Cash network

As can be seen on the Bitcoin.com site, the exchange platforms and the various cryptos services are a little overwhelmed by so much separatist violence.

Realizing that the big problem is approaching, the Binance and Huobi cryptoexchanges, for example, have just announced that they are going to shut down a number of BCH-related services during this stormy transition phase of the hard fork. More precisely, Binance will stop these BCH futures contracts as a precautionary measure as of November 9.

For Coinbase and BitGo, the decision is clear: both companies will only keep BCHN nodes and will no longer support BCHA after the November 15th fork.

Even if this umpteenth schism seems now inevitable less than 10 days before the hard fork, the BCHA clan seems reduced to a sadness. The last slap in the face of the miners‘ tax camp would be that BCHN finally keeps the title of BCH, knowing the same fate of „forced renaming“ of the BSV.