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Apparently a user made a lot of money by making frequent posts on Reddit thanks to his Moon token.

We’ll tell you about it!

Yesterday a Reddit user, named Cryptorich13, published his story on the platform where he revealed how he got Moon tokens that he managed to sell to get Bitcoin (BTC), transforming his profit into approximately $24,000.

The move from Moon tokens to Bitcoin

The Reddit user bought Bitcoin (BTC) with the tokens he was given, acquiring 0.92 BTC according to the reddit. As we all know, the price of Bitcoin Up increased very significantly during 2020 and therefore that BTC is now worth approximately USD 23,736.

For those who don’t know, the Moon is a relatively new token from Reddit. In May of this year, Reddit introduced a new function known as Vault, which was basically an Ethereum-based crypto wallet.

This way, from then on, every user in Reddit has a built-in crypto wallet, but what for? To store community tokens based on subreddits.

Therefore, Reddit started the experiment with the subreddit r / Cryptocurrency and thus the Moon token was created. The question now is, how are the tokens distributed?

Well, it turns out that Reddit distributed r/Cryptocurrency to previous participants and it is distributed to users every 4 weeks based on individual contributions (comments, publications, etc.), according to a statement from Medium. Basically they reward all those users who contribute to r / Cryptocurrency.

Bitcoin reaches 28k. Here is a forecast for next week

$24,000 to publish on Reddit?

As we have just seen, on Reddit it is possible to get Moon tokens for the contributions you make to a subreddit, in this case, r / Cryptocurrency.

In this way, Cryptorich13 claims that in 2017 it participated too much in that subreddit and therefore was given 80.000 Moon tokens at the beginning of the year.

Therefore, the user claims to have literally earned USD 24,000 by posting a lot of memes and comments in the subreddit r / Cryptocurrency.

As expected, his posting attracted a lot of comments, and one user, salil19, wrote: “0.9 BTC is crazy to post”.

Evidently there are other redditors who demand proof since they do not believe it is possible. However, the user has been willing to explain the transaction in detail as well as demonstrate it.

In fact, in a post note the Reddit user published a link that leads to 4chain. This shows an anonymous post that he claims to have posted while making the transaction from Moon to Bitcoin.

Business intelligence-firmaet økte aksjekursen etter å ha kunngjort et nytt Bitcoin-fond.

Ikke gå glipp av Market Moving News

Få daglige krypterings briefinger og ukentlige Bitcoin markedsrapporter levert rett til innboksen din.

Business intelligence-firmaet Greenpro har kunngjort planer om å opprette et Bitcoin-investeringsfond.

Firmaet har til hensikt å skaffe så mye som $ 100 millioner for fondet, og også investere sine egne kontanter.

Planen ligner MicroStrategys tidligere Bitcoin-investering.

Greenpro Capital Corp. planlegger å opprette et Bitcoin investeringsfond, som kunngjort i en pressemelding publisert i dag.

Bitcoin lagt til balansen

CK Lee, administrerende direktør i Greenpro, sier at firmaet “fullt ut tror [s] på $ BTC som en butikk av verdi.” Lee sier at han har bedt selskapets investeringsbankfolk om å selge gjeldsinstrumenter til investorer for å samle opp til $ 100 millioner for Bitcoin-investeringen. Han legger til at firmaet selv også vil investere sine egne kontanter i Bitcoin.

Greenpros strateger mener at Bitcoin og andre store kryptovalutaer som Ethereum har større sjanse for prisforbedring enn fiatvaluta . Han legger til at mange banker, hedgefond, forsikringsselskaper og institusjoner er interessert i Bitcoin-investeringer.

Greenpro vil investere gjennom et datterselskap, CryptoSX.

Kursen på Greenpro-aksjen (GNPR) hoppet 103% til høyder på $ 2,60 etter kunngjøringen.

Andre bedriftsinvestorer

I lignende nyheter økte Maratons aksjekurs over 30% etter at den signerte en avtale på 170 millioner dollar med Bitmain-produsenten av gruvedrift av Bitcoin. Den største nordamerikanske gruvearbeideren vil legge til 70 000 S19 gruvearbeidere til sin eksisterende gård på 33 000 enheter innen desember 2021.

Microstrategy er imidlertid fortsatt det viktigste børsnoterte selskapet med en Bitcoin-investering. Selskapet investerte 475 millioner dollar i fjor og samlet inn ytterligere 650 millioner dollar via senior konvertible sedler i forrige måned, for en total Bitcoin-investering over 1 milliard dollar .

Bitcoins pris har steget 37% siden begynnelsen av måneden og 275% hittil i år. Under hyperaktive oksemarkeder har aksjemarkedsallokeringer til Bitcoin fungert som en sterk katalysator for et oppsving.

Bitcoin handlet til $ 27 100 på publiseringstidspunktet.

Ren, en åpen protokoll som muliggjør bevegelse av verdi mellom blokkjeder, har kunngjort sin neste integrasjon av RenVM med NUTS Finance, en blockchain-utvikling DAO.

acBTC, NUTS første dApp støtter nå innfødte BTC-innskudd via RenJS

Denne nye funksjonen strømlinjeformer BTC-tverrkjedeprosessen og pregingen av acBTC til en enkelt transaksjon, noe som gir brukerne en optimal opplevelse.

acBTC er en sammensatt Bitcoin-løsning på Ethereum, designet for å forene ERC20 BTC for å maksimere brukervennlighet og interoperabilitet på tvers av blockchain-nettverk.

AcBTC-økosystemet integrerer innfødte Bitcoin og ERC20 BTC med bytte-, sparings- og utlån av apper til en sikker, effektiv og brukbar standard

“RenVM gir en sømløs brukeropplevelse for å bygge bro over BTC-likviditet til Ethereum-nettverket i en tillatelsesfri innstilling. Vi ser frem til å utnytte den robuste produktsuiten fra Ren for å øke adopsjonen og brukervennligheten for ERC20 BTC. ”
– Terry Lam, medstifter av NUTS Finance

¿Se comerá el DeFi con su correlación BTC inversa a Wall Street? En su último tweet, Tyler Winklevoss de Gemini Exchange mencionó que “DeFi es el software que está empezando a comerse a Wall Street”. Ya que la capitalización de mercado de DeFi es todavía un tercio de la capitalización de mercado de XRP, puede haber espacio para el crecimiento. Como Tyler argumenta, el DeFi puede comerse a Wall Street, aunque no todavía. La capitalización de mercado del proyecto principal de DeFi, YFI, es todavía un tercio de la capitalización de mercado de EOS. Basado en datos de coinmarketcap.com, EOS se encuentra entre las 15 principales criptodivisas basadas en la capitalización de mercado.

En las últimas 24 horas, la capitalización del mercado de DeFi ha aumentado en un 0,7%, y el volumen de operaciones ha aumentado en un 27,7%. El volumen de comercio en las últimas 24 horas aumentó un 11,9%. Estas estadísticas indican el crecimiento diario de DeFi. Contra el crecimiento de 7 días, sólo en los últimos 30 días, el DeFi ha crecido de 12.46 billones de dólares a 14.77 billones.

Basado en los rendimientos semanales y mensuales, las estadísticas del DeFi han mostrado un mayor potencial de crecimiento comparado con el BTC o el ETH. En las últimas cuatro semanas, mientras Bitcoin se ha lanzado a la nueva ATH y ha luchado por superar los 20000 dólares, varios proyectos de DeFi han ofrecido rendimientos de dos dígitos, abriéndose camino en las carteras de los comerciantes. Instituciones importantes como GrayScale han empezado a añadir Bitcoin Superstar a su cartera, y a pesar del temor de que las instituciones puedan pasar directamente de Bitcoin a los principales altcoins, el gráfico de rendimientos ofrece una perspectiva diferente sobre el argumento de que puede haber más compras institucionales en DeFi.

Mientras que las principales criptodivisas como Bitcoin se enfrentan a retos como un suministro limitado de 21 millones, la congestión de la red, o la falta de escalabilidad de los proyectos de DeFi como $AKRO y $ADEL, que inicialmente estaban infravalorados, ahora se fusionan con $YFI. Esto significa nuevas bóvedas, nuevas aplicaciones institucionales y estrategias.

Aunque DeFi tiene una correlación inversa con Bitcoin, los retornos de DeFi no han caído contra el precio de Bitcoin. Mientras Bitcoin continúa operando a un nivel de 19.000$, esperando cruzar los 20000$ todavía, está bajo una mayor presión de venta en los mercados spot. La subida de precios de Bitcoin es polarizante, y DeFi puede tener espacio para el crecimiento vertical. La correlación inversa puede tener un impacto positivo en la subida de precios de DeFi. Además, el lanzamiento de ETH 2.0 y el aumento de la actividad puede haber allanado el camino para que los proyectos de DeFi se escalen más.

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.