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US insurer MassMutual is taking a double stake in Bitcoin (BTC)

Massachusetts Mutual Life Insurance Company (MassMutual) has acquired shares in both a Bitcoin service provider and BTC for $100 million.

The US life insurer Massachusetts Mutual Life Insurance Company (MassMutual) has invested twice in Bitcoin. First, MassMutual acquired a minority stake in NYDIG for five million US dollars. NYDIG is a subsidiary of investment giant Stoneridge, which provides BTC services to Crypto Legacy institutional clients. Clients, which now include MassMutual. MassMutual acquired BTC for $100 million as part of the share purchase. The transaction was processed through NYDIG, which is also the custodian of BTC.

A milestone for the insurance industry and for Bitcoin, said NYDIG CEO Robert Gutmann:

We are proud of this incredible moment in the history of both Bitcoin and the insurance industry. This reflects the expansion of Bitcoin into insurance company investment accounts […].

In view of the $2.3 billion managed by MassMutal, the BTC position is still a relatively small share at $100 million, but the simultaneous investment in the Bitcoin service provider NYDIG makes future acquisitions likely.

The “Instis” discover Bitcoin

MassMutual’s entry is a further indication that digital gold is becoming increasingly popular with institutional investors. The BTC coup of the US IT service provider Microstrategy recently gave a decisive boost to this development (and to the company’s share price). A side effect of Micrsostrategy’s massive BTC reserve: Norway’s state pension fund, the largest of its kind in the world, was able to indirectly enter Bitcoin through an investment in Microstrategy.

BitPrime is teaming up with Simplex to offer a variant for purchasing cryptocurrencies with credit cards

The first crypto offering on the New Zealand market enables a secure and convenient way to purchase crypto with debit and credit cards through the merger with Simplex

Christchurch, New Zealand – November 26, 2020 – BitPrime , New Zealand’s leading cryptocurrency retailer, today announced its partnership with Simplex, the market leader in fiat / crypto infrastructure. The partnership offers a secure solution for those who want to buy cryptocurrencies with a credit or debit card (Visa or Mastercard).

Available for the first time in New Zealand, the partnership takes advantage of Simplex’s fully proprietary, fraud-free platform for purchasing digital assets and offers BitPrime customers another convenient payment option to enter the crypto ecosystem.

The option to purchase crypto with a credit card has been one of the most requested features for current BitPrime customers in the company’s three-year history. The partnership with Simplex enables BitPrime users to easily work with a trusted partner who is known in the industry for transparency and security.

This new payment solution is being rolled out at a time when the price of Bitcoin is hitting its highest level since the all-time high of nearly NZD 30,000 in February 2017.

BitPrime has partnered with Simplex to leverage the company’s cutting-edge AI technology that analyzes the risk of each payment and actively blocks fraudulent users. Simplex also offers award-winning customer support to all users that is available 24/7 in case you need help completing their purchases.

Ross Carter-Brown, BitPrime CEO, said:

“We bring cryptocurrency into the world. Our new gateway for credit card payments enables us to serve customers from 178 different countries. We know that New Zealand is a desirable jurisdiction for many people to do business, especially financial services. This is due to our strong protection of personal property, political stability and low levels of corruption. Our partnership with Simplex is a critical piece of the infrastructure that will help meet this demand.

“Simplex enables anyone, anywhere, to easily and securely buy digital assets,” said Nimrod Lehavi, Founder and CEO of Simplex. “Our partnership with BitPrime enables millions of people to get on board conveniently with their bank card.

BitPrime enables customers to purchase cryptocurrencies for as little as $ 100, and the newly introduced payment solution also supports international customers.

To learn more about this service or to try it out, visit BitPrime .

BitPrime, which is New Zealand owned and operated by New Zealand, is at the forefront of full-service crypto-electronic currency trading solutions in this country. We are passionate about our professional service and we have a strong focus on providing free education and technical support for beginners to professional investors. BitPrime is here to make trading digital assets easy and safe. BITPRIME LIMITED (FSP595609) Registered.

Simplex has changed the status quo of crypto deposit and withdrawal ramps since 2014. As the market leader, Simplex pioneered the first risk-free global fiat on-ramp with credit and debit cards and promised a zero chargeback guarantee. In collaboration with the biggest names in the crypto ecosystem, Simplex provides the complete fiat infrastructure for the crypto currency ecosystem. As a licensed EU financial institution, Simplex was selected as one of the 10 most impactful companies in the blockchain in 2020.

Mit Bitcoin (BTC), das sich darauf vorbereitet, sein Allzeithoch (ATH) zu übertreffen, hat die berühmte US-Bank JPMorgan Chase zugegeben, dass es falsch ist, den Vermögenswert als “Betrug” zu bezeichnen.

Jamie Dimon, CEO des Wall Street Banking-Kraftpakets, hatte in einem Interview einige Monate bevor BTC ein Allzeithoch von fast 20.000 US-Dollar erreichte und kurz darauf abstürzte, einige abfällige Aussagen zur Kryptowährung gemacht.

Zu der Zeit, Dimon, ist Bitcoin nicht real und schlimmer als “Tulpenzwiebeln”. Er sagte, dass BTC auf lange Sicht wertlos werden würde, was den Tod vieler Investoren zur Folge hätte.

Zero Hedge berichtet heute, dass JPMorgan zugibt, dass der Wert des Vermögenswerts trotz der Schatten, die durch die Marktkapitalisierung auf die größte Kryptowährung geworfen werden, weiter gestiegen ist und seinen bisherigen ATH nahezu übertrifft.

Der Stand von JPMorgan wurde in einem Diagramm zum Open Interest des CME-Bitcoin-Futures-Kontrakts dargestellt, das in den letzten zwei Wochen im Vergleich zu anderen traditionellen Finanzinstrumenten wie Gold deutlich gestiegen ist.

Der Versuch, das Falsche zu korrigieren

Die Wall Street Bank hatte in jüngster Zeit versucht, Bitcoin durch die Bereitstellung von Bankdienstleistungen für Kryptowährungsbörsen, einschließlich Gemini und Coinbase, hinter sich zu lassen.

In diesem Sinne hat ein Analystenteam der Global Markets Strategy Group der Bank kürzlich vorausgesagt, dass sich der Preis von BTC in kurzer Zeit verdoppeln oder verdreifachen könnte, sollte sich die aktuelle Rally fortsetzen.

Die Gruppe stellte fest, dass die Kryptowährung langfristig eine Bedrohung für Gold darstellen könnte, da die ältere Generation Gold bevorzugt, während die Jungen Bitcoin als „alternative“ Währung wählen.

Mehr institutionelle Spieler

Der jüngste Wertanstieg von BTC ist auf ein stärkeres institutionelles Interesse an der Kryptowährung zurückzuführen, im Gegensatz zu der Rallye 2017, die hauptsächlich von Privatanlegern dominiert wurde.

Nach den jüngsten Ereignissen, insbesondere der Coronavirus-Pandemie (COVID-19), haben mehrere institutionelle Akteure den Kryptoraum überflutet, darunter PayPal, MicroStrategy, Snappa usw.

Interessanterweise zeigte Grayscale kürzlich seinen Q3 2020-Bericht, der ein massives Interesse institutioneller Akteure an BTC zeigte, da sein Produkt für den Vermögenswert massive 719,3 Mio. USD von der Gesamtsumme ausmachte.

Factores técnicos sugieren que Bitcoin sigue en racha incluso después de una fuerte venta de 18.476 dólares.

Después de que el precio de Bitcoin (BTC) cayera repentinamente de unos 18.500 a 17.200 dólares, algunos comerciantes empezaron a preguntarse si se había formado un top local, pero hay múltiples factores que sugieren que la corrida de toros sigue intacta.

Después de la retirada inicial, BTC mostró continuamente una volatilidad extrema, demostrando la incertidumbre del mercado.

Los cuatro factores que muestran que el impulso de Bitcoin sigue siendo fuerte son las entradas de ballenas, una fuerte respuesta del mercado, la resistencia por encima de cada grupo de ballenas y un alto interés abierto.

Las ballenas no están vendiendo grandes cantidades de BTC
Según los datos de CryptoQuant, las ballenas no están vendiendo grandes cantidades de BTC. Esta tendencia es digna de mención porque Bitcoin está probando un pesado nivel de resistencia multianual a 18.000 dólares.

La proporción de ballenas de intercambio de Bitcoin. Fuente: CryptoQuant
Ki Young Ju, el CEO de CryptoQuant, dijo que la proporción de ballenas de intercambio se mantiene baja. Dada la relativamente baja presión de venta de las ballenas, Ju dijo:

“Queridos cortos de $BTC, Pueden llamarme un chico de la luna, pero desafortunadamente, no habrá un volcado masivo como en marzo de este año. La proporción de ballenas de intercambio (90 días MA) es todavía muy baja. El alza a largo plazo es inevitable”.
Si la presión de venta de los mineros y las ballenas se mantiene baja a corto plazo, BTC podría tener suficiente poder de fuego para iniciar un rally más amplio.

Bitcoin sigue siendo resistente por encima de los grupos de ballenas clave

Whalemap, una empresa de análisis de mercado en cadena que rastrea ballenas, ha encontrado una tendencia similar. Los analistas dijeron que las ballenas acumularon BTC durante todo el mes de noviembre Los puntos de precio de los que las ballenas compraron BTC se mantienen.

A corto plazo, el apoyo clave del grupo de ballenas a Bitcoin está en 16.411 dólares. Mientras BTC se mantenga estable por encima del área de soporte de 16.400 dólares, la corrida de toros probablemente se mantendrá.

Un grupo de ballenas se forma cuando las ballenas compran Bitcoin a un cierto nivel de precio y no las mueven a otro lugar. Los analistas explicaron:

“Las burbujas indican los precios a los que las ballenas han comprado BTC que están manteniendo actualmente. Las burbujas también visualizan los niveles de soporte. La última vez rebotó de 15.762 dólares y tuvo un aumento de precio del 15%. ¿La nueva burbuja de 16.411 dólares se mantendrá esta vez también?”

Cúmulos de ballenas de Bitcoin. Fuente: Whalemap

Fuerte respuesta del mercado después de un fuerte retroceso
Además de los datos favorables de las ballenas que muestran la resistencia de Bitcoin, cada gran caída ha sido comprada rápidamente en las últimas 24 horas.

El 18 de noviembre, Bitcoin cayó a 17.215 y 17.284 dólares, registrando grandes caídas desde su pico de 18.520 dólares. Sin embargo, BTC se recuperó casi inmediatamente después de cada corrección menor, estabilizándose por encima de los 17.600 dólares la mayor parte del tiempo.

El interés abierto está creciendo
Los datos de Skew muestran que el interés abierto en el mercado de futuros de Bitcoin está aumentando. El interés abierto del mercado de futuros muestra la suma de todos los contratos largos y cortos.

Un alto interés abierto significa típicamente que hay un número significativamente alto de comerciantes especulando con el precio de Bitcoin.

A corto plazo, esto significa que es inevitable que se produzcan grandes movimientos de precios. Queda por ver si el pico de volatilidad provocará que el BTC aumente o sufra una profunda corrección.

Sin embargo, basándose en los datos optimistas de la ballena y la fuerte reacción del mercado a grandes caídas, las posibilidades de que el próximo pico de volatilidad favorezca a Bitcoin son mayores.

Bitcoin (BTC) is having a particularly successful week. It broke its capitalization record, which was set in December 2017. Its price jumped to $ 18,500 last night: enough to exceed its price record?

Bitcoin (BTC) capitalization hits a new record …

The previous record of e capitalization of u Bitcoin (BTC) was established during the last great bull run: he had now reached $ 329 billion on December 16, 2017. But this threshold has been crossed again. BTC’s market cap hit $ 341 billion early this morning. This is an absolute record for the Bitcoin market cap, which clearly shows the current craze around cryptocurrency.

The reason Bitcoin has experienced a record market cap without its price exceeding – for now – its all-time-high (ATH) is that there is now more BTC in circulation than ‘three years ago . The market cap is therefore spread over a larger number of parts.

… and the course flies away

But the course is also experiencing particularly noticeable performances in recent days. That night, he reached 18 4 00 dollars : a threshold he had not crossed since its bull run from mid-December 2017. He then had a hesitation that did plunge below 17 $ 600 but the price of BTC has been going up since:

On a single day, the price of Bitcoin has thus taken + 10% , and it seems for the moment to continue on this upward slope. What to consider exceeding 20,000 dollars in the days to come, according to several commentators. If this were the case, the price of Bitcoin would then break its all-time high. So watch the price!

Welcome to our new News Flash Format, in which we will inform you about the latest and latest headlines about Bitcoin & Co in an article .

Do you want to get an overview of the latest happenings as soon as possible, but without missing anything important? Then you are exactly right!

Today it’s about a US senator bringing Bitcoin Profit as an asset class to the table, via Greyscall, who now manage 500,000 BTC, the latest Bitcoin Cash hard fork, a DeFi attack that cost Origin Protocol $ 7,000,000 and how UniSwap is struggling with the outflow of liquidity in the 9-digit range.

This summary of news comes from our collaboration with the Bitcoin-Bude.de news channel .

Bitcoin is a good store of value, according to the new US Senator

Elected Senator Cynthia Marie Lummis Wiederspahn for the state of Wyoming is a bitcoiner and proud of it. In a live interview with ABC, Lummis said she hopes to bring bitcoin to the national conversation.

I am a former Wyoming State Treasurer and have invested our state’s ongoing funds. That’s why I was always looking for a good credit balance. Bitcoin fits in that direction.

Grayscale now owns half a million bitcoin

Grayscale now holds $ 8.35 billion worth of Bitcoin, according to a November 16 announcement . That equates to 2.69% of the outstanding supply and market capitalization of Bitcoin (BTC).

However, since Chainalysis estimates that around 3.7 million BTC have been lost, Grayscale could now actually own 3.37% of Bitcoin’s remaining circulating supply.

Institutional investors currently pay a 19% surcharge and a 2% annual fee for buying and holding cryptocurrencies through the security of a regulated fund.

Origin Protocol Loses $ 7,000,000 in Recent DeFi Attack

The Origin Dollar (OUSD) stablecoin project suffered a so-called “re-entry attack” at 12:47 UTC on Tuesday, resulting in a loss of $ 7 million in funds, including over $ 1 million from Origin and its founders and Employees have been paid.

The attack used a flash loan and errors in the OUSD contracts to initiate what is known as a “rebase,” according to Etherscan and an updated blog by the team. The attack artificially inflated the supply of OUSD tokens within the protocol before the newly printed tokens on SushiSwap and Uniswap were exchanged for USDT. Origin wrote in an update:

The attacker was able to create a rebase event within the second coinage after funds flowed from the first major coinage into the OUSD, but before the supply of OUSD increased. This created a massive rebase for everyone named in the contract, including the attacker. The attacker then also received his first large OUSD coinage, giving him more OUSD overall than the contract had assets.

The team has disabled deposits and the price of the native token OUSD has fallen 85.5% since the attack and is currently trading at $ 0.145 instead of the proposed $ 1.

Another hard fork for Bitcoin Cash

The Bitcoin Cash network, a result of a hard fork of Bitcoin, has once again split into two new blockchains. At this point, Bitcoin Cash ABC (BCH ABC) has barely received any hash power. This means that everything currently looks like the Bitcoin Cash Node (BCHN) will become the dominant software of the Bitcoin Cash network.

En topptillsynsmyndighet förklarar betydelsen av kryptovaluta i det nuvarande ekonomiska klimatet och i framtiden för banktjänster för den amerikanska senaten.

Som en del av hans vittnesbörd under en utfrågning som hölls av senatskommittén för bank-, bostads- och stadsfrågor, gav chefschef för kontoret för valutaövervakaren (OCC) Brian Brooks detaljer om de ansträngningar OCC gör för att säkerställa federala banksystemet fortsätter att vara en källa till styrka och lättnad för konsumenter, företag och samhällen som är undervärderade under pandemin.

Brooks lyfter fram vikten av innovationerna i kryptovaluta som har gynnat miljontals amerikanska konsumenter och företag

”Idag äger ungefär 60 miljoner amerikaner någon typ av kryptovaluta, med ett totalt marknadsvärde på nästan 430 miljarder dollar. Dessa siffror illustrerar tydligt att denna betalningsmekanism nu är fast förankrad i den finansiella mainstream.

Kryptovaluta har blivit en populär mekanism för att skicka och ta emot betalningar för varor och tjänster eftersom transaktioner bokförs i realtid och ger bekvämlighet och säkerhet. Cryptocurrency beskriver också kategorier av specifika valutor av värde, och ökningen av användningen av stablecoins visar konsumenternas komfort med dess användning. ”

När amerikaner fortsätter att omfamna innovation och nya sätt att få tillgång till finansiella tjänster, säger Brooks att OCC har en skyldighet att tillhandahålla regleringsriktlinjer, främja ansvarsfull innovation och stödja utvecklingen av säker, försiktig och rättvis finansiell infrastruktur.

För detta ändamål beskriver Brooks viktiga steg som OCC tog 2020 för att ge tydlig reglering inom kryptoindustrin

”Den 22 juli 2020 publicerade OCC ett tolkningsbrev som klargjorde de nationella bankernas och federala sparföreningars myndighet att tillhandahålla tjänster för kryptovalutaförvaring för kunder. Nationella och statliga banker och banker har länge tillhandahållit förvaringstjänster, inklusive fysiska föremål och elektroniska tillgångar. OCC har specifikt erkänt vikten av digitala tillgångar och bemyndigande för banker att tillhandahålla skydd för sådana tillgångar sedan 1998. ”

The SXP moves between the support of $ 0.75 and the resistance of $ 1.20.

Price broke a descending resistance line.

The price just completed wave 4 of a 5 wave bullish formation.

The course Swipe (SXP) increased significantly during the first week of November after a rebound to an important support zone.

The Bitcoin Union may have completed a bullish momentum, confirmed with a break above a descending resistance line. The price could then continue to increase towards the resistance zones mentioned below.

Swipe Exchange Fork

The SXP price has been declining since its peak of $ 5.15 on August 13. On November 3, it hit a low at $ 0.69 and reversed its trend soon after. It has since increased by more than 30%.

Interestingly, the bottom is significantly below the latest fibonacci support (0.856), located at $ 1.20. This level is now resisting, after rejecting price on November 8, resulting in a long upper wick.

The price finally passes resistance

The shorter-term, six-hour chart shows that price has already broken through a descending resistance line. The upward movement did not last long, knowing that the 0.382 fibonacci level rejected price, but the SXP is still looking to hit an upper low before rising again.

Technical indicators support this potential rise, knowing that the RSI is above 50 and the MACD signal line is above 0.

Even in the daily timescale, technical indicators are in the process of turning bullish. This is shown by the histogram of the MACD, which generated its first positive bar.

Knowing that the Stochastic Oscillator is generating a bullish cross and the RSI is looking to break above 50, a prolonged rally in price could allow these indicators to finalize their respective advances. This would confirm the upward trend.