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As it stands now, PayPal’s crypto drive is more about keeping regulators happy than providing crypto services to users.

PayPal has confirmed that the company will offer crypto payments on its global platform in the coming months.

The launch will begin in the United States, where a conditional PayPal called Bitlicense of the New York Financial received has. The regulator has the program last summer launched .

The devil is in the details

For crypto, this news is something big. But Bitcoin Champion is being watched closely. The conditional bit license means that conditional licensees must partner with companies that have a full bit license (in this case that company is Paxos). This will then act as a kind of mentor. As the NYDFS explains, Conditional Licensees may also be subject to „enhanced review as to the scope and frequency of testing or otherwise.“

The conditional license is valid for two years. A renewal or upgrade to a full Bitlicense depends on the decision of Superintendent Linda Lacewell.

PayPal representatives did not want to comment on the form in which an intensified check would take place. Cointelegraph should speak to NYDFS about this. The representatives of the NYDFS did not want to specify exactly what an „intensified check“ would mean for PayPal.

The representatives of Paxos, however, did not want to comment on their role in the conditional Bitlicense from PayPal. This means that all three organizations made this news public, but did not want to go into the details regarding the regulatory agreement. It’s worrying when they don’t want to do this even when asked.

Crypto is what crypto does

Nobody knows which hurdles PayPal, with its more than 340 million users worldwide, still has to overcome in order to satisfy the regulatory authorities. But the company will clearly have to do everything in its power to prevent crypto from behaving like crypto on its platform. Customer data collection, which PayPal has always done, is a problem here.

The PayPal wallet is not only used for storage, but also as a silo. According to the company’s FAQs on cryptocurrencies, users will neither have private keys nor be able to transfer their holdings to other wallets:

„Currently, you can only hold the cryptocurrency that you buy from PayPal in your account. In addition, the cryptocurrency in your account cannot be transferred to other accounts with or outside of PayPal.“
What does that mean? The coins do not belong to the user on PayPal. Other large companies will probably have to comply with this standard in order to work in the crypto sector.

For some time now one has heard of regulatory „whitelists“. These are crypto exchanges and companies that want to adhere to strict regulations and that can only do business with approved wallet addresses. This practice is not yet enshrined in law.

With PayPal it could come to the point that the regulatory authorities only allow crypto on the major platforms if these currencies cannot be transferred to other platforms. This is a more aggressive measure than a whitelist. This means that you are completely dependent on third parties, there is no risk of peer-to-peer transfers, and you cannot interact with people who cannot already open PayPal accounts. That doesn’t really correspond to the crypto idea. At least as it is now.

Det bullish rally i slutningen af ​​juli var ret vigtigt for Ethereum. Værdiansættelsen sprang over $ 250, $ 300, $ 350 og overgik til sidst $ 400 efter mere end 2 år. Ethereums rally var så dominerende, at optionshandler forventede, at Ethereum skulle tilskrive mere volatilitet end Bitcoin selv.

ETH-BTC 3 måneders realiserede volumspredning den 27. juli var en ringe 6,5%, som steg op til 36% den 25. september. Overraskende nok har volumspredningen bevaret det samme niveau i de sidste 3 uger.

Ved første øjekast kan den konsistente realiserede volumspredning mellem Ethereum og Bitcoin skyldes manglende skub og træk mellem Ethereum og Bitcoin-optionshandlere. Selvom diagrammet kan virke som en anomali, er det vigtigt at bemærke, at mellem 25. september og 15. oktober (dvs. når spredningen var 36%), resulterede både ETH og BTC i perioder med både pumpe og dump.

Men hvis det realiserede volatilitetsdiagram for ETH-BTC observeres i en 1-måneders, 6-måneders tidsramme, kan der ses et åbenlyst fald siden starten af ​​oktober.

Det er klart, at Ethereum langsomt forventes at være mindre ustabilt i forhold til Bitcoin Up, den kortsigtede volatilitetsstruktur og den halvårlige tendens var ret gennemsigtig. Derfor kan det udledes, at den konsistente voltspænding ved 36% skyldes tidsrammen for spredningen. Volatilitetsspændet beregnet mellem Ethereum-Bitcoin over en periode på 3 måneder syntes afbalanceret på grund af ensartede stigninger og fald, hvorfor 3M vol spændingen ikke ændrede sig i denne handelsperiode.

Nu i betragtning af, at tendensen bevæger sig mod højere Bitcoin-volatilitet, vil markedet muligvis snart opleve en nedgang i selve 3-måneders diagrammet, hvor vol-spændingen falder til under 36%.

Ser man på den implicitte volatilitetsspredning mellem ETH-BTC, viste diagrammet en stigning, der antydede, at Ethereums volatilitet adskiller sig yderligere fra enhver indvirkning på Bitcoins prisvariation. Mens aktivet muligvis stemmer overens med en divergens, var det kollektive optionsmarked stadig domineret af Bitcoin-optioner som bemærket i de realiserede spredetabeller over vol.

For Bitcoin Options er det en velkommen pause, da ETH-optioner har haft stor åben interesse i løbet af de sidste par måneder. Med faldet i Ethereums volatilitet kan Bitcoin Options muligvis være marquee-handel igen.

September was not a positive month for crypto fund investors. But it was also a bad month for other investments such as the Selic Treasury and Ibovespa.

Treasury Selic, cryptoactive funds approved by the Securities and Exchange Commission (CVM), and the stock market suffered a strong negative impact in September.

Although the reasons for this negative impact cannot yet be determined, the month was the worst for national cryptoactive funds.

In Brazil there are two types of funds with exposure to cryptoactives. One is intended for the general public and in which a maximum of 20% is allocated in cryptomorphs.

In this case, the fall observed in September was from 1.85% to 2.35%.

The fund for professional investors, on the other hand, which can have 100% exposure to cryptomorphs, had a negative variation of 2.35% to 13%.

Cryptomoedas and Ibovespa

But September was not only bad for funds with Bitcoin Optimizer allocation, the period was also marked as the third worst month for Ibovespa shares in 2020.

The drop was -5.23%, and there was also a negative impact on the Selic Treasury – considered the most traditional public security, according to iHUB Investimentos.

„As for the stock market: In the first quarter, they occupy the first two positions with negative figures: February with -8.50% and March with -30.18%,“ comments iHUB’s founding partner, Paulo Cunha.

Treasury Selic

In September, Selic treasury papers were being traded at a discount on the secondary market for lack of buyers interested in the paper.

„Funds investing 100% in these papers had a return of 0.04% in September, compared with 0.18% in the CDI, a considerable difference,“ comments Cunha.

Another point to note is that the market points out that this distortion should be momentary, since it is natural that the papers return to the SELIC and CDI rates.

„The background to this movement is the fear of the fiscal and reform agenda with the government. The market is beginning to put the price at such a level that interest rates may no longer remain at 2% per year with SELIC for a considerable time, as was predicted in August,“ Cunha adds.

Treasury Selic or Bitcoin

According to Cunha, despite the September results, the Selic Treasury is considered a natural emergency reserve.

Thus, for him, the title has a very low risk of default and also of showing a negative return on a monthly basis.

In addition, Cunha points out that he has high liquidity to be able to recover the values, within one day, if he needs the money.

„September was an unusual month, as it showed contradiction about the benefits of the Treasury Selic, due to the threat of the scenario of strong risk aversion and concerns about government accounts,“ he explains. For the portfolio, it is generally recommended between 5% and 30% of investment in this type of application, adds Cunha.

For the former vice-president of JPMorgan in Switzerland, Andrey Nousi, Bitcoin is this safe haven in times of market uncertainty.

„The advance of cryptomorphs is notorious. It went through a bubble in 2017 and 2018 and is now much better, once that irrational euphoria has passed. And now it is being much more accepted even by big players,“ notes Nousi.

The former vice-president of JPMorgam added that Bitcoin is one of the options to preserve the value of money, as well as gold and the dollar.

„When you no longer want to be exposed to Risco Brasil, you send your money out. Now, what will you do with that money? There are a lot of opportunities, like gold, dollar and bitcoin,“ he said.

En Europol-rapport har avslöjat att endast 1,1% av Bitcoin- användningen är kopplad till kriminell aktivitet, en minskning med 94,5% från 2013. Denna enorma förändring beror på framväxten av Bitcoin-handel under åren sedan dess, men det är inte alla goda nyheter – Rapporten säger också att sekretessmynt, plånböcker och annan relaterad teknik utgör ett ”största hot” mot brottsbekämpande myndigheter i Europa och att cyberbrottslingar blir smartare i hur de hanterar olagligt erhållen kryptovaluta .

Europol – Cyberbrottslingar blir smartare

I den nya rapporten om organiserad brottslighet på internet, kallad Internet Organised Crime Threat Assessment (IOCTA) 2020, säger Europol att kryptovalutor „fortsätter att underlätta betalningar för olika former av cyberbrott“, med ransomware som den primära metoden och att förövare av sådana brott har utvecklat sin praxis för att använda sekretessinriktade mynt och tjänster för att undvika myndigheter.

Dessa „integritetsförbättrade myntkombinationer“ som Wasabi och Samurai blir mer populära bland illegala kryptovalutanvändare, trots att Chainalysis påstår sig kunna spåra transaktioner in och ut ur några av dessa blandningstjänster. Europol konstaterar att kryptovalutor har blivit „standardbetalningsmetod för … ransomware och andra utpressningssystem“ på grund av deras „tillförlitlighet, irreversibilitet för transaktioner och en upplevd grad av anonymitet“.

Myndigheter över hela världen har försökt ta itu med detta fenomen de senaste månaderna genom att anställa blockchain-analysföretag för att försöka hjälpa dem att spåra medel som skickas med hjälp av sekretessförbättrande teknik.

Laglig Bitcoin-användning dvärgar olaglig användning

Europols rapport var dock inte helt dåliga nyheter för kryptovaluta, eftersom de avslöjade att legitim användning av kryptovalutor har vuxit mycket snabbare än olaglig användning:

År 2019 var den överväldigande majoriteten av bitcoin-transaktioner kopplade till investerings- och
handelsaktivitet, så trots betydande missbruk motsvarar kriminell aktivitet endast 1,1% av de totala transaktionerna.

Enligt Europols egna siffror motsvarar detta en nedgång på 94,5% från 2013, då webbplatser som Silk Road var det främsta användningsfallet för kryptovalutor. Bitcoin-handel är så populär att den dvärgar olaglig användning, något som förespråkar kommer att vara mycket nöjda med tanke på Bitcoins fortsatta negativa uppfattning i hela världen.

On September 16, the price was rejected by the $ 11,100 zone.

There are short-term weaknesses, but the long-term picture remains bullish.

It seems plausible that the price has started a new bullish impulse

The Trust Project is an international consortium of news organizations based on transparency standards.

The price of Bitcoin (BTC) has been declining since its rejection by the area of $ 11 September 16 100.

That said, price is expected to reverse its trend shortly and generate another higher high.

Bitcoin clings to its rise

On September 16 , Bitcoin’s price hit a high of $ 11,100, located between the fibonacci levels 0.5 and 0.618 of the entire downward movement.

Interestingly, BTC did not break through the low of $ 11,112, dating back to August 25. In such a scenario, this would reject several possible accounts of bearish and longer-term waves, although this is unlikely.

Additionally, price has yet to pass the descending resistance line created from the two most recent lower highs.

Technical indicators are bullish, but have yet to confirm the start of a new uptrend. This would likely be confirmed by a move of the MACD into positive territory, a rise in the RSI above the 50 line, and / or a bullish cross within the Stochastic Oscillator.

On September 14, the price of Bitcoin began to slowly rise. This climb lasted two days, until the price reached a local high of $ 11,000. Throughout this period, there was considerable bearish divergence in the RSI like the MACD, and their trend had yet to be broken.

A modest decline has already occurred as a result of the divergence, and the MACD has started to recover from negative territory. This could suggest that the price will resume its upward movement soon.

Correction or upward movement?

So far, the most plausible wave count had an ongoing correction in BTC, which would still be in wave 4 (orange below) of a bearish five wave formation. Having said that, the length and shape of this wave now cast doubt on this formation, and indicates that it would be more plausible that the price has now started a bullish momentum.

In this case, BTC would have started a new upward movement on September 9 (in red below).

The easiest way to determine if this scenario is correct would be a return to the top of Sub-Wave 1 (in red below), located at $ 10,483. A decline in price to this area would invalidate not only the rising support line for waves 0-2 (in black) but also the wave 2 rule.

If price bounces near $ 10,500, that would almost certainly confirm that BTC will begin a further rise.

In conclusion, Bitcoin’s price has started to show short-term weaknesses, which could lead to a drop towards $ 10,600. That said, it seems more plausible that BTC is in a new impetus, rather than a correction.

De afgelopen week had de BTC-prijs het moeilijk om de belangrijkste steunniveaus te bereiken en een aanzienlijke opleving op gang te brengen. Het bedrijf is in de afgelopen 24 uur in een stroomversnelling geraakt om hoger te komen dan het $10,5K steunniveau.

Deze fatsoenlijke herstelgolf zag de BTC-prijs de weerstand overwinnen bij $10,2K en $10,4K weerstand tegen de handel tot $10.550.

De stieren leken vastbesloten om de munt boven de $10.6K te duwen, maar stonden onder druk van de verkoop in deze regio.

BTCUSD heeft sindsdien lager gecorrigeerd voor de handel op $10.329 tijdens de perstijd. Het goede nieuws is dat er zich een stijgend kanaal vormt met steun in de buurt van $10.400. Daarom kunnen stieren zich rond deze steunbasis verzamelen en de BTC-prijs in de komende sessies hoger drijven.

Een bijna $10.6K zou een show van kracht zijn van de activa, aangezien de koningsmunt waarschijnlijk de winsten op dat niveau zou consolideren alvorens een andere hogere beweging op de grafieken te maken.

BNB Prijs schommelt met 15%.

Terwijl de BTC-prijs en ETH worstelen om een aanhoudende bullish momentum te krijgen, verraste Binance coin (BNB) veel handelaren nadat het met meer dan 15% was gestegen.

In de laatste 24 uur slaagde de BNB-prijs erin om te schommelen naar een hoogtepunt van $30,82 alvorens iets lager te corrigeren.

Deze stijging betekent dat de BNB de Bitcoin cash (BCH) en Chainlink (LINK) heeft overtroffen om de zesde grootste Crypto Trader te worden volgens de gegevens van CoinMarketCap.

Het BNBUSD-paar begon zijn opleving afgelopen woensdag toen het de $22,00-weerstand brak en stabiel bleef boven de $21,50.

Er was een sluiting boven $25.57 voordat het muntstuk er eindelijk in slaagde om de weerstand te overtreffen bij $30.00 om te handelen bij $30.4890 op dit moment.

BNB Voordelen van Binance Smart Chain Launch

De indrukwekkende groei van de BNB-prijs in de afgelopen dagen viel samen met de recente lancering van de Binance Smart Chain (BSC). De nieuwe keten stelt gebruikers in staat om BNB-munten in te zetten voor lucratieve beloningen.

BSC ondersteunt slimme contracten, waardoor het volledig compatibel is met de ETH-blokketen. De keten is ontworpen om de ontwikkeling van nieuwe en innovatieve DeFi-producten te bevorderen.

Tot nu toe werken naar verluidt de beste DeFi-protocollen op het gebied van ethereum, waaronder Aave, dForce en SwipeWallet, al aan de ontwikkeling van nieuwe producten op BSC.

De slimme keten van Binance profileert zich snel als een populair platform voor ontwikkelteams op ETH. Op 13 september twitterde Binance CEO Changpeng Zhao:

„Het transactievolume van Binance Smart Chain (#BSC) bereikte enkele dagen na de lancering 10% van het ETH-netwerk. Laten we helpen de gaskosten te verlagen.“

Det er rundt 800 kryptofond i dag, noe som gjør det til en skremmende oppgave for investorene å bestemme hvordan de skal investere.

Med omtrent 800 kryptofonder som er avhengige av en ny aktivaklasse, som har sine egne egenskaper, er det viktig å vurdere dem gjennom en passende ramme. Vi tilbyr et grunnleggende rammeverk med nyttige beregninger for å vurdere den sanne risikoen for et kryptofond som et kvantitativt screeningsverktøy. Kortnoterte fond kan deretter vurderes mer detaljert gjennom en klassisk due diligence-prosess.

Vurdering av forventet avkastning av et retningsfond

Investorer i et retningsfond bør først ha en klar forståelse av dynamikken i fondets overordnede strategi for å innse hvor resultatene vil komme fra og over hvilken periode før de vurderer om risikoen som tas for å oppnå slike resultater er verdt det. Dette oppnås gjennom diskusjoner med fondsforvalteren.

Når du spør om et fonds strategier, skal en sannferdig og erfaren forvalter kunne forklare det på vanlig engelsk. Hvis en fondsforvalter ikke vil røpe noe som sier at det er en handelshemmelighet, kan du fremdeles prøve å forstå hva fondet prøver å oppnå ved å analysere fortidens rute. I et slikt tilfelle er det imidlertid usannsynlig at manageren vil gi daglig avkastning av strategien for en mer granulær analyse, som dermed kan være verdiløs.

En gjennomsiktig fondsforvalter inspirerer tillit, en hemmelighetsfull en inspirerer trass, men selv om en forvalter er gjennomsiktig om strategi, bør investorer verifisere at disse tonene fra fondsforvaltere er troverdige og ikke ta ordet sitt for gitt. The Bernie Madoff Ponzi ordningen var nettopp det. Madoff forklarte at han handlet S&P 100 opsjoner som grunnlag for sin strategi. Hvorfor ikke? Men gitt størrelsen på dette spesifikke markedet (~ 100 millioner dollar daglig i gjennomsnitt), var det ingen måte at han kunne ha handlet på størrelse med fondet (6 milliarder dollar), men han lokket fremdeles mange naive investorer.

Forstå grunnleggende i strategien

Retningsfond prøver å oppnå sine mål på forskjellige måter, og investorer må forstå i hvilke markedsmiljøer de skal prestere godt eller ikke; noen fond kan prestere veldig bra under jevne trendmarkeder, men kan knuses i tider med høy volatilitet, mens fond som presterer godt i hektiske markeder dramatisk kan underprestere i sterke trendmarkeder.

Ingen strategi kan fungere godt i hvert marked, ettersom hver strategi er utformet for bare å fange spesifikke trekk og unngå å bli knust på annen måte. Retningsfond har en tendens til å legge inn forskjellige strategier, hver for å fange spesifikke markedsbevegelser; men siden disse strategiene vanligvis er blandet sammen, bør den resulterende blandingen fungere bra i de fleste markedsmiljøer, men vil alltid underprioritere den beste enkeltstrategien i et gitt markedsmiljø.