Amerika’s vijfde grootste bankinstelling US Bank gaat bewaring van cryptocurrency’s aanbieden

Op 27 april onthulde de Amerikaanse bankholding U.S. Bank in een blogpost dat de financiële instelling van plan is om cryptocurrency custody-diensten aan te bieden. De chief strategy officer van de bank voor U.S. Bank Global Fund Services, Christine Waldron, zegt trots te zijn op de stappen van haar bedrijf in de richting van blockchain- en cryptocurrency-praktijken.

US Bank gaat cryptocurrency-diensten aanbieden in afwachting van goedkeuring voor naleving

In de eerste week van januari 2021 onthulde The Office of the Comptroller of the Currency (OCC) dat nationale banken en spaarverenigingen in de VS konden omgaan met stablecoins en publieke blockchains. Na die aankondiging maakte de oudste bank van Amerika, Bank of New York Mellon (BNY Mellon), half februari bekend dat het een eenheid voor digitale valuta heeft opgericht. Op dinsdag publiceerde de op vier na grootste bankinstelling van het land, U.S. Bank, een blogpost met details over nieuwe cryptocurrency-aanbiedingen.

Hoewel, de blog post onthult niet wanneer de bank deze producten zal inzetten, maar de bank noemde drie soorten diensten. De bank zal een „nieuw cryptocurrency custody product voor klanten aanbieden met de inschakeling van een sub-custodian voor fund servicing.“ Op dit moment is het bedrijf bezig met het afronden van de regeling voor een sub-custodian. U.S. Bank zegt verder dat het bedrijf ook werkt aan strategische relaties.

„We hebben onlangs onze investering in Securrency aangekondigd – een ontwikkelaar van institutionele-grade blockchain-gebaseerde financiële en regelgevende technologie,“ aldus de bank. U.S. Bank zal ook gaan samenwerken met het exchange-traded fund van NYDIG. „U.S. Bank is geselecteerd om dit jaar NYDIG’s ETF bitcoinfonds te beheren, in afwachting van goedkeuring door de regelgevende instanties. Het breidt uit op de al lang bestaande private fonds servicing-relatie van de bank met NYDIG,“ merkt de aankondiging op.

‚Innovatie stimuleren in onze Blockchain- en Cryptocurrency-praktijk‘

Christine Waldron van U.S. Bank legt uit dat ze trots is op haar financiële instelling vanwege de vooruitstrevende praktijken. „Ik ben trots op hoe we vanuit alle gebieden van het bankwezen samenkwamen en onze beste denkwijzen over onze digitale capaciteiten, productontwikkeling en technologie naar voren brachten om innovatie te stimuleren in onze blockchain- en cryptocurrency-praktijk,“ detailleerde Waldron.

„We zijn al jaren actief in deze ruimte – ervoor zorgend dat we altijd het best gesitueerd zijn om onze institutionele klanten te bedienen – en deze nieuwste initiatieven tonen onze voortdurende betrokkenheid en enthousiasme om deze markt te laten groeien,“ concludeerde de chief strategy officer voor U.S. Bank Global Fund Services.

As moedas Algorithmic stablecoins não são realmente estáveis

As moedas Algorithmic stablecoins não são realmente estáveis, mas o conceito pode se redimir?

Em meio a muita fanfarra, muitas moedas estáveis algorítmicas não têm sido estáveis. O problema é intratável, ou são apenas os algoritmos que não são suficientemente bons?

Em meio ao crescimento meteórico das finanças descentralizadas em 2020, houve um interesse persistente em uma classe de moedas popularmente chamadas de „moedas estáveis algorítmicas“. Algumas das mais famosas incluem Ampleforth (AMPL), Based, Empty Set Dollar (ESD) e Dynamic Set Dollar (DSD).

Embora estas fichas sejam comumente consideradas moedas estáveis algorítmicas, as equipes envolvidas têm suas próprias definições. Para MakerDAO, uma moeda estável Bitcoin Bank algorítmica é aquela que utiliza manipulações totais de fornecimento para manter um pino. Os fundadores do Empty Set Dollar e do Neutrino, um projeto de moedas estáveis apoiado pela Waves, acreditam que o Dai também é uma moeda estável algorítmica devido a sua mecânica programática de queima de menta e queima. A equipe da Ampleforth, por outro lado, rejeita a noção de que seu símbolo é uma moeda estável.

É relativamente claro que os ativos que se enquadram na definição da MakerDAO mostram pouca estabilidade. Por exemplo, a ESD é a maior e a menor de todos os tempos, de acordo com a CoinGecko, respectivamente $23,88 e $0,174. A leitura da Ampleforth mostra uma alta de $4,07 e uma baixa de $0,1558. Por outro lado, a faixa de negociação da Dai durante toda a vida foi entre $0,90 e $1,22.

Além da instabilidade do preço nominal, as táticas de manipulação de fornecimento utilizadas por estas fichas complicam ainda mais o processo de atribuição de um valor. Os mecanismos podem ser agrupados em duas categorias principais: rebaseamento de moedas e cunhagem e queima com base em cupom.

As rebases seguram a cavilha, mas a que custo?

O sistema de rebase, utilizado por moedas como Ampleforth e Based, é construído em expansões e contrações periódicas de todo o fornecimento. Se a moeda for negociada acima de uma determinada faixa, cerca de $1,05 para Ampleforth, a oferta é expandida a uma taxa de um décimo do desvio do preço. Isto significa que se a moeda for negociada por US$1,50, então 5% do fornecimento total será adicionado a cada dia.

O mecanismo não se importa com o histórico de rebases até esse ponto – se já tiver rebaseado 10 vezes antes, ele adicionará 5% da oferta atual de qualquer forma. O processo é revertido quando a moeda é negociada abaixo de US$ 1.

O resultado é que a oferta da ficha pode crescer e encolher a um ritmo espantoso, colocando uma pressão imensa sobre o preço nominal. Esta mudança na oferta é distribuída uniformemente entre todas as carteiras contendo a ficha, o que significa que o valor total da carteira de um usuário não muda se o preço mudar exatamente pela porcentagem de novas fichas cunhadas.

Na prática, o mecanismo é bastante bem sucedido em manter o preço em torno da marca de $1. O crescimento exponencial ou a redução da oferta acaba superando qualquer empurrão fora do preço designado. Mas o fato de cada carteira seguir a rebase significa que o preço nominal é apenas uma pequena parte do quadro.

Para avaliar se a moeda é realmente „estável“, é necessário levar em consideração também as mudanças na oferta, pois cada carteira é afetada por elas. Ao analisar a capitalização total do mercado para considerar tanto a oferta quanto o preço, torna-se claro que a AMPL é extremamente volátil.

Will Bitcoin succeed in a new rally to an all-time high? What analysts expect from BTC now

Bitcoin has seen relatively lackluster price action in the past few days and weeks, with crypto price unable to rise towards its $ 40k resistance.

Its smaller counterparts all saw massive momentum, such as ETH, while many smaller altcoins also rose

BTC’s lack of intense uptrend is due to the intense selling pressure it faces in the upper $ 30,000 region, with selling pressure from big whales and investors holding back growth.

Where the cryptocurrency goes in the medium term will undoubtedly depend on the ongoing response to its overhead resistance.

One analyst believes there is a strong possibility that BTC will break these levels in the near future, which could lead to new all-time highs.

Bitcoin and the entire crypto market are currently experiencing mixed performance . As BTC falters and struggles to overcome its resistance in the upper $ 30,000 region, Ethereum and many altcoins are seeing explosive spikes.

This has led to the fact that it is somewhat unclear what the near-term fate of BTC is.

One analyst comments that the benchmark cryptocurrency is on the verge of new all-time highs – but that BTC has to break a critical resistance level first.

Bitcoin struggles for momentum as resistance is strong

At the time of writing, Bitcoin is trading at $ 34,850. This marks a massive rebound from the recent lows of $ 30,000 made last week.

The cryptocurrency has formed a wide trading range between these lows and its highs of around $ 40,000.

As long as BTC doesn’t break above the highs of the range at $ 40,000, relative consolidation could continue.

Analyst: BTC could be on the cusp of new highs

An analyst now writes in a tweet that a close above an important Fibonacci level could allow Bitcoin to rise to new highs.

BTC is pushing against this level; however, a rejection could lead him towards the sub-$ 30,000 region. The analyst with reference to the chart below:

“Close above .618 – target all-time highs. Closing below the middle and gray zone 34k then most likely the annual level retest at 28-29 „

Ethereum (ETH) now processes 28% higher transaction volume than Bitcoin (BTC)

This is the “bullish” indicator of the day. The Ethereum (ETH) network now processes a much higher volume of transactions than Bitcoin (BTC). What to see a significant increase in the price arrive, according to the analysis firm Messari …

Ethereum network transactions far exceed Bitcoin transactions

Messari analyst Ryan Watkins shared this information on Twitter. It shows that the gap between the volume of s transactions with Ethereum and those performed with Bitcoin:

„The volume of s daily transactions on Ethereum is trying to follow a parabolic curve. The network currently settles $ 12 billion in transactions every day , which is 3 billion more than Bitcoin. How can you not be bullish on ETH? “

As the graph notes, the data does not include ERC-20s, which shows that the total transactions that go through the Ethereum network are actually even higher than that. It should be noted, however, that on the capitalization side, it is Bitcoin which still largely wins, with $ 681 billion against $ 152 billion for Ether.

The price of Ether (ETH) at the start of a new explosion?

In any case, the cryptosphere expects Ether to surpass its all-time high , at $ 1,448, soon. Unlike Bitcoin, which shattered all records and briefly surpassed $ 40,000, Ethereum network assets have yet to hit their “ATH”. This is however the case with other less capitalized altcoins, such as Polkadot’s DOT or Chainlink’s LINK .

Last night, the price of ETH jumped + 11% , and is now back to levels comparable to those at the start of the month, erasing its correction suffered at the beginning of last week:

What to join the list of altcoins which recently exceeded their record level? Yes, according to Changpeng Zhao, the CEO of Binance:

“ETH is about to join the new ATH club . “

La tecnologia blockchain può rendere affidabile

La tecnologia blockchain può rendere affidabile il voto online?

Blockchain potrebbe eventualmente aiutare a verificare la registrazione degli elettori e i risultati delle verifiche.

Le elezioni presidenziali degli Stati Uniti del 3 novembre sono state controverse all’inizio, ma le accuse infondate e imprecise di brogli elettorali da parte del presidente Trump, sconfitto, hanno gettato un’ombra su tutta la procedura. Daniel Hardman, architetto capo e responsabile della sicurezza delle informazioni presso la soluzione di identità sovrano Evernym, pensa Bitcoin Compass che la catena di blocco potrebbe aiutare il voto in generale ad andare avanti.

„Fondamentalmente, blockchain può fornire un modo per far sì che gli elettori siano registrati in modo affidabile e sicuro per votare, e poi quando i voti sono espressi, blockchain può essere un meccanismo per dimostrare che qualcuno ha il diritto di voto, sulla base della loro precedente registrazione“, ha detto Hardman al Cointelegraph. „Blockchain può fornire alcune caratteristiche che aiuterebbero a controllare un voto in un’elezione“, ha aggiunto.

I repubblicani hanno esitato ad accettare una vittoria di Biden, nonostante il collegio elettorale abbia verificato i risultati all’inizio di dicembre. Le motivazioni spaziavano dalle accuse di macchine per il voto difettose o manipolate alle accuse di schede elettorali falsificate che apparivano in massa nei siti di voto critici. Nessuna di queste accuse, tuttavia, è stata sollevata in tribunale.

„Le cose recenti che abbiamo visto con le sfide elettorali in Pennsylvania e Arizona e così via – ci sono alcune caratteristiche della catena di blocco che avrebbero reso possibile un auditing più robusto“, ha detto Hardman. „Fondamentalmente saresti stato in grado di mettere a tacere qualsiasi preoccupazione riguardo a manomissioni e cose del genere“.

Con le blockchain pubbliche, come la Bitcoin (BTC) per esempio, ogni transazione viene registrata su un registro pubblico immutabile, rendendo le verifiche più infallibili e trasparenti rispetto ai processi centralizzati o cartacei. Applicando tale tecnologia al voto si potrebbero ottenere risultati simili per le votazioni.

Anche se il modello appare trasparente e immutabile, come potrebbero le autorità sapere se i voti provengono da cittadini che hanno votato una sola volta? „Quello che si vuole è quella che si chiama verifica end-to-end“, ha spiegato Hardman. „Da un lato, la parte anteriore è la parte di registrazione“, ha detto, aggiungendo:

„Devi sapere che una persona può registrarsi una sola volta e questo significa che quando qualcuno viene a registrarsi fai le cose che faresti oggi in un meccanismo di elezione fisica, cioè – controlli la patente di guida, vedi se la sua foto corrisponde, la sua firma corrisponde, tutto questo genere di cose“.

Poi, sotto il cofano, la tecnologia assicura ad ogni persona un solo voto. „Sul retro, si dimostra che, per ogni registrazione, si può esprimere esattamente un voto“, ha detto Hardman.

Un argomento molto complesso che richiede soluzioni diverse basate su diversi fattori di minaccia, un sistema di voto a catena di blocco potrebbe includere componenti specifici per la prevenzione delle frodi degli elettori e del malware, come l’identificazione degli elettori basata sulla biometria. „Se si sa che John Smith del 123 di Main Street in Pennsylvania ha una particolare impronta digitale, allora è piuttosto difficile che qualcun altro voti a suo favore“, ha spiegato Hardman.

Detto questo, cosa impedisce ai governi e alle aziende di trarre vantaggio da tali informazioni personali per il tracciamento e altri usi?

Hardman ha spiegato che la Cina e le sue misure di prevenzione COVID sono un esempio di violazione della privacy. Il Paese ha monitorato le temperature delle sue popolazioni, in base alla loro identità e alla loro posizione, ha spiegato.

„In caso di elezioni, quello che vorresti è separare queste due domande“, ha detto Hardman. „La domanda – è il partito che sta cercando di esprimere un voto autorizzato a farlo perché è stato precedentemente registrato nel sistema – è una domanda“, ha osservato. La domanda „chi è questa persona“ è una domanda diversa“, ha spiegato, aggiungendo:

„Ci sono parti di un’elezione in cui potresti voler fare entrambe le domande, ma ci sono altre parti in cui non c’è bisogno di farle entrambe, e se le separi, allora puoi impedire al governo di farlo – di avere una sorta di apocalittico stato di sorveglianza che sappia quale voto hai espresso e quando l’hai espresso e cose del genere“.

Una chiave del problema? Una tecnologia a catena di blocco chiamata „a prova di zero conoscenze“, secondo Hardman. Le prove a conoscenza zero verificano essenzialmente l’identità di una persona senza rivelare i suoi dati privati. „Chiedi a qualcuno al momento della registrazione di identificare con forza, sai, chi è, dove vive e così via, ma nel momento in cui esprime il suo voto, quello che gli chiedi è di dimostrare che ha il privilegio di esprimere il voto senza rivelare chi è“, ha spiegato Hardman. „Chiedete loro di dimostrare che il loro voto non è già stato tracciato nel sistema […] che garantisce che non si può votare due volte“.

Negli ultimi anni, la blockchain ha guadagnato popolarità per la sua utilità in una serie di processi mainstream, come le attività della supply chain.

Bitcoin vooraan en centraal in het rapport Coin Metrics 2020

2020 is een productief jaar geweest voor Bitcoin en dat hangt samen met een enorme toename van het aantal actieve portemonnee-adressen dit jaar.

De inzichten kwamen van cryptocurrency-analyse Coin Metrics ‚ State of the Network-rapport dat de belangrijkste afhaalrestaurants uit de ruimte in 2020 schetste

Hoewel Covid-19 economieën over de hele wereld heeft verlamd, heeft de cryptocurrency-ruimte een periode van grote heropleving beleefd.

Niets meer dan Bitcoin, dat uit zijn ketenen is gebroken om in 2020 nieuwe recordhoogtes neer te zetten.

‚Terugkeer van Bitcoin‘

Het grootste deel van het artikel is gecentreerd rond het comeback-jaar van Bitcoin en de invloed van institutionele investeringen die uiteindelijk op een zinvolle manier de cryptocurrency-ruimte betreden.

In het artikel werd melding gemaakt van aanzienlijke investeringen door onder meer MicroStrategy, Square, MassMutual en andere reguliere financiële instellingen en investeerders die de waardestijging van Bitcoin veroorzaakten.

Een belangrijke maatstaf die door Coin Metrics-onderzoeker Nate Maddrey werd geïdentificeerd, was het aantal actieve Bitcoin-adressen – dat met 100 procent is gestegen van ongeveer 600.000 actieve adressen naar 1,2 miljoen.

Maddrey merkte ook op dat de halvering van de mijnbouwbeloning van Bitcoin in 2020 een toevallige timing heeft met aanhoudende fiscale stimuleringsmaatregelen van de Amerikaanse overheid.

Huge hacking at the French Bitcoin Ledger champion: check right away if you are concerned!

Yes, I agree to receive emails according to your privacy policy.
Never reveal your private keys! – Last July, the hardware wallets manufacturer Ledger revealed that its database had leaked personal data of its customers. Since then, these same customers have had to endure various phishing attempts, be it the „classic“ ones by e-mail, or even by SMS for those who had communicated their phone number to Ledger. And unfortunately, things are unlikely to get any better.

More than a million e-mails revealed, nearly 300,000 customers put at risk
When we thought things couldn’t get any worse… As our colleagues at Bitcoin.fr report, a hacker has made Ledger customers‘ private data available online – for everyone to see.

According to the hacker’s message below, published publicly on RaidForums :

„Today, I made Ledger.com’s database available for you to download for free (…) The first confirmed [purchase] price I saw for this database was 5 BTC. (…) Today you can get it for free“.

Screenshot of the pirate’s message, source: Bitcoin.fr
According to the pirate, a total of 1,075,382 e-mail addresses and 272,853 telephone numbers and physical addresses were disclosed. According to Bitcoin.fr, 16,000 of Ledger’s French customers would be concerned. According to Ledger, which we contacted, the data used could concern the last three years.

In any case, it is much more than the figure of 9,500 leaked private contact details that Ledger had initially announced when the hack was revealed at the end of July 2020. These clients are however the most at risk since, in the worst case, physical threats or burglaries could occur given that their postal address has been revealed.

According to Benoît Pellevoizin, Ledger’s VP Marketing, the hackers would have exploited a „service provider error“ in charge of their e-commerce module: the latter would have coded the API keys allowing to manage these very sensitive files, hard and „in clear“ in the module’s code.

How do you know if you are a victim of Ledger leaks?
Very little consolation: because of the publication of these data accessible to all, you can check here whether yours have been stolen or not. The ‚Have I Been Pwned‘ teams also try to notify by e-mail the clients whose contact details have been revealed.

Yours truly has checked on his behalf and, fortunately, only my email address has leaked out (thank God I didn’t order and give out the rest of my contact details). By the way, for such sensitive items, and everything to do with cryptomoney in general: prefer delivery points or professional addresses to your personal postal addresses, when possible. I’m now even for a few more spams, but it could have been worse.

The teams of the manufacturer of the Nano S and X were contacted by us, and tried to calm down the game – even if the loophole is what it is:

„(…) We tried to be transparent. (…) In June [2020], a researcher warned us that our e-commerce database was accessible. (…) Our Dungeon Ledger service and Orange Cyberdefense estimated the damage at 1 million e-mails and 9,532 personal data. (…) We can now confirm that the breach is more extensive. “

Benoît Pellevoizin, VP Marketing of Ledger
However, the figure of more than 200,000 pieces of detailed information, which leaked yesterday, was finally confirmed by this Ledger spokesman.

He cannot be reminded enough: never divulge the 24 passwords of your private key passphrase, whether the request comes from an e-mail, a text message or a phone call. This hack of their database was a real shock for the Ledger teams. This leak is all the more unfortunate because their hardware wallets have remained unbreakable until now.

Bitcoin osiąga szczyty powyżej 24 tysięcy USD, gdy LTC osiąga 120 USD, BCH, BNT 21 grudnia

Rajd BTC nabiera tempa, gdy Litecoin obserwuje wzloty 2019. BCH widzi wzrost cashbacku Square, a Bancor opiera się na zyskach DeFi dzięki dodaniu Coinbase.

Bitcoin wzrósł powyżej 20 000 $, jak przewidywałem w zeszłym tygodniu , a moneta osiągnęła maksimum 24 300 $ w niedzielę.

Rynek kryptowalut jest w poniedziałek nieco wyłączony, ponieważ rynki reagują na kolejny atak paniki koronawirusa w Europie

Bitcoin rósł w zeszłym tygodniu, gdy dolar amerykański nadal był uderzany w długo oczekiwany drugi pakiet stymulacyjny dla Stanów Zjednoczonych, który ma zostać przyjęty później dzisiaj. Umowa opiewa na 900 miliardów dolarów, a każdy obywatel otrzymuje czek na 600 dolarów. Rynek wycenił tę transakcję, a dzisiejsze ponowne pojawienie się paniki wirusowej spowodowało, że dolar wzrósł o ponad 1%. Mówi się, że nowy szczep wirusa znaleziony w Wielkiej Brytanii jest bardziej zaraźliwy, a inne kraje wprowadzają zakaz podróżowania do iz kraju, a Francja odcina 20% dostaw żywności poprzez blokowanie transportu. Kolejna runda chaosu na rynkach finansowych mogła spowodować, że Bitcoin będzie wspierany, chociaż marcowa wyprzedaż płynności była ostrzeżeniem.

BTC zlekceważyło niektóre negatywne wiadomości w zeszłym tygodniu, w których regulator finansowy FinCEN próbował wbić pazury w przestrzeń kryptowalut

Zasada zaproponowana w piątek przez Departament Skarbu może oznaczać, że posiadacze amerykańskiej waluty cyfrowej będą musieli przestrzegać wymogów znajomości swojego klienta (KYC), aby przenieść swoje aktywa z giełd do portfeli osobistych. Brian Armstrong, dyrektor generalny giełdy Coinbase, powiedział, że firma rzuci wyzwanie zasadom w tweecie, który udostępnił założyciel Litecoin, Charlie Lee.

Silny wzrost bitcoina w ostatnim tygodniu oznacza, że ​​moneta będzie szukać wsparcia na poziomie 20 000 USD, a inwestorzy powinni obserwować rynki akcji. Wchodzimy w koniec roku, kiedy portfele są korygowane przed nowym rokiem, a wielcy inwestorzy mogą chcieć czerpać zyski z pienistych wycen rynkowych, jeśli obawiają się kolejnej rundy zawirowań wirusowych w 2021 roku.

Ogólny rynek kryptowalut wynosi obecnie 662 mld USD, a BTC odpowiada za 66% tej kwoty.

Litecoin był najlepiej prosperującą monetą tygodnia z 34% wyprzedzeniem. Piąty co do wielkości projekt monet ma obecnie kapitalizację rynkową w wysokości 7 miliardów dolarów.

Grayscale, która jest jednym z największych zarządzających aktywami cyfrowymi, zauważyła ostatnio zainteresowanie monetą i opublikowała dogłębną pracę badawczą, nazywając ją „jedną z najciekawszych cyfrowych walut ekosystemu”. Firma ogłosiła niedawno, że aktywa inwestycyjne, którymi zarządza, wzrosły w połowie grudnia do 13 miliardów dolarów. Firma zainwestowała ponad 10 miliardów dolarów w Bitcoin i chociaż w LTC jest tylko 75 milionów dolarów, popyt rośnie, więc istnieje możliwość, że LTC będzie postrzegana jako „niedowartościowana” przez nowych inwestorów, ponieważ niedawny wzrost Bitcoina zwraca uwagę na rynek .

3 scams in one day, rip-off per AI – how dangerous is DeFi on Ethereum? Jannis Grunewald 13.12.2020 3 scams, rip-off per AI – how dangerous is DeFi? advertisement The last few days have been like a renaissance in Altcoin trading: previously unknown projects on Uniswap, the leading decentralised Ethereum exchange, have increased by thousands of per cent. Even some bigger names have gained hundreds of percent and somehow benefited from the fact that Bitcoin and Ethereum have started to weaken. Some of these rallies are based on real innovations: SnowSwap started a partnership with BadgerDAO and then gained 500 per cent, while Dynamic Set Dollar, a competitor of Empty Set Dollar, entered its bootstrapping phase and as a result has also grown enormously (by 1,000 per cent). But it has reached a point where there are some traders who buy absolutely anything they come across and look even remotely interesting. This brings fraudsters onto the scene who are trying to make quick money. So fast that last Friday three so-called „rug pulls“ took place within one day. A „rug pull“ is a term that became popular in the DeFi sector last summer to describe hacks or scams. The two „rebase“ rug pulls In recent days, „rebase Coins“ have been one of the biggest trends for DeFi speculators. Rebasing is a crypto term popularised by Ampleforth. The basic idea is that the supply of a crypto currency can contract or expand based on demand, or certain price thresholds that traders must meet. For some reason, in recent days, investors have entered into every rebasing coin in a FOMO fashion. Including questionable presales from new developers. One coin, DeFiB, promised to be an Ethereum-based rebasing coin that would automatically increase to the value of all DeFi tokens in circulation. Unfortunately it did not. The project’s developers had suddenly disappeared and deleted their telegram and Twitter, while users noticed that around 600 ETH (~$300,000) worth of liquidity had been drained from the DeFiB pool. Strangely enough, some of the lost funds were apparently distributed back to the people affected. A little later then iBase, yet another rebasing coin. Many were sure that it would work because it was allegedly founded by a developer of a long-standing „yF“ project, yFFS Finance. Some 300 ETH (~$130,000) were collected in a private advance sale that was reportedly completed in less than a minute. The developer aimed to invest part of the ETH from the pre-sale in uniswap to allow speculators to bet on the coin. But when it came time to use these funds, the telegram channel for iBase was deleted. Decentralised fund manager platform steals almost $1,000,000 The biggest „rug pull“ yesterday was the theft of about 1,450 Ethereum, or about $800,000. DeTrade Fund, which allegedly would allow any Ethereum user to participate in arbitrage (a trading method often reserved for advanced funds), collected 1,450 ETH in a pre-sale. It attracted attention in some segments of the Ethereum community because the company was registered in the UK and audited by a respected Ethereum auditor. But yesterday, the team deleted its social media profiles and made off with the money. There is an ongoing debate on Twitter about whether the team used a freelancer or even a deepfake of artificial intelligence to create a character to promote their product. Proponents of the Deepfake theory refer to the video below, which shows the project’s CEO apparently discussing the DeTrade Fund

3 scams in one day, rip-off per AI – how dangerous is DeFi on Ethereum?

The last few days have been like a renaissance in Altcoin trading: previously unknown projects on Uniswap, the leading decentralised Ethereum exchange, have increased by thousands of per cent. Even some bigger names have gained hundreds of percent and somehow benefited from the fact that Bitcoin and Ethereum have started to weaken.

Some of these rallies are based on real innovations: SnowSwap started a partnership with BadgerDAO and then gained 500 per cent, while Dynamic Set Dollar, a competitor of Empty Set Dollar, entered by Profit Secret its bootstrapping phase and as a result has also grown enormously (by 1,000 per cent).

But it has reached a point where there are some traders who buy absolutely anything they come across and look even remotely interesting. This brings fraudsters onto the scene who are trying to make quick money.

So fast that last Friday three so-called „rug pulls“ took place within one day. A „rug pull“ is a term that became popular in the DeFi sector last summer to describe hacks or scams.

The two „rebase“ rug pulls

In recent days, „rebase Coins“ have been one of the biggest trends for DeFi speculators.

Rebasing is a crypto term popularised by Ampleforth. The basic idea is that the supply of a crypto currency can contract or expand based on demand, or certain price thresholds that traders must meet.

For some reason, in recent days, investors have entered into every rebasing coin in a FOMO fashion. Including questionable presales from new developers.

One coin, DeFiB, promised to be an Ethereum-based rebasing coin that would automatically increase to the value of all DeFi tokens in circulation.

Unfortunately it did not. The project’s developers had suddenly disappeared and deleted their telegram and Twitter, while users noticed that around 600 ETH (~$300,000) worth of liquidity had been drained from the DeFiB pool.

Strangely enough, some of the lost funds were apparently distributed back to the people affected.

A little later then iBase, yet another rebasing coin. Many were sure that it would work because it was allegedly founded by a developer of a long-standing „yF“ project, yFFS Finance.

Some 300 ETH (~$130,000) were collected in a private advance sale that was reportedly completed in less than a minute.

The developer aimed to invest part of the ETH from the pre-sale in uniswap to allow speculators to bet on the coin. But when it came time to use these funds, the telegram channel for iBase was deleted.

Decentralised fund manager platform steals almost $1,000,000

The biggest „rug pull“ yesterday was the theft of about 1,450 Ethereum, or about $800,000.

DeTrade Fund, which allegedly would allow any Ethereum user to participate in arbitrage (a trading method often reserved for advanced funds), collected 1,450 ETH in a pre-sale.

It attracted attention in some segments of the Ethereum community because the company was registered in the UK and audited by a respected Ethereum auditor.

But yesterday, the team deleted its social media profiles and made off with the money. There is an ongoing debate on Twitter about whether the team used a freelancer or even a deepfake of artificial intelligence to create a character to promote their product.

Proponents of the Deepfake theory refer to the video below, which shows the project’s CEO apparently discussing the DeTrade Fund

Bitcoin as an alternative to fiat currencies against inflation

According to a recent Arcane Research report commissioned by Luno, Bitcoin could be seen as an emerging alternative to the current financial system.

The report is based on an extensive international survey conducted by Luno in 2019, and repeated in 2020, and focuses on the effects of the pandemic and financial instability on the global financial system.

It also analyses investors‘ attitudes towards governments, central banks and money, with particular attention to the perception of trust and uncertainty.

Despite growing confidence in governments and central banks, the current „chaotic economic climate“ and a gloomy and unique macro-level environment are highlighted, where widespread and aggressive fiscal and monetary stimulus packages are added to possible negative interest rates, which generate assumptions of loss of purchasing power for fiat currencies.

Precisely in this perspective Bitcoin would emerge as a possible alternative.

In fact the report writes:

„In these uncertain times, it makes sense to widen the field and look for other alternatives“.

Bitcoin as an alternative to traditional assets

Under these conditions some assets, such as gold and shares, should flourish, but in the last 10 years a new form of money, bitcoin, has emerged that combines the properties of modern money and gold into a new type of asset.

It is both scarce, like gold, and easily transferable, like fiat currencies. It is in fact accessible to everyone, and with new technologies (such as Lightning Network) it can also be used for micropayments.

It is independent from politics, states and central banks, programmable and autonomous, with a predictable and unchangeable inflation rate: from now on the supply can grow at a maximum of 13.5%, making its supply known and certain.

With these assumptions, the report concludes that

„This makes bitcoin attractive as a store of value for the future“.

The fact that, in the meantime, the fiat currencies are in doubt about the exact opposite, i.e. a loss of value due to rising inflation, is allowing Bitcoin Blueprint to gain attention even from renowned investors in traditional finance, so much so that in the future BTC could become the preferred savings tool for many people.

Indeed, the report says:

„Its absolute scarcity and decentralized nature may make it the only viable option to move away from the big monetary experiment.