Users moved 1 million Bitcoin Cash to the stock exchanges in anticipation of hardfork

14. November 2020

Over the last week, Bitcoin Cash (BCH) holders have moved more than 1 million coins (~$255 million) to the crypt currency exchanges on the eve of the upcoming November 15 hardfork in the network.

Over 1 million Bitcoin Cash has been sent to exchanges in the last seven days ahead of the hard fork on November 15, driving the BCH price relative to BTC even lower.

On the chart below you can see an increasing trend in sending Bitcoin Cash to the stock exchanges starting from mid-October. Average daily rates of these flows over the last seven days were almost twice as high as the rates typical for the 180-day period. According to recent data, the inflow of BCH to the stock exchanges for the last 12 days amounted to almost 6.4% of the total issue of cryptovoltaic currency.

Dynamics of BCH flows to the wallets of the stock exchanges.

November 15 in the network Bitcoin Cash planned hardfork, which is likely to result in a new chain of Bitcoin Cash Node (BCHN). During the last week it is dominant, steadily ahead of the largest Bitcoin Cash ABC client in terms of number of nodes.

Over the past seven days in support of BCHN signaled 83.2% nodes, the option ABC – no supporters, 16.8% – have not yet decided on their choice.

Futures markets also support BCHN as the dominant chain after November 15. BCHN contracts are traded at 0.96 BCH, BCHA – 0.047 BCH.

The leading developer of Bitcoin Cash ABC Amory Seshe announced the network update in August this year. By November 15, all network nodes must update the software, otherwise they will remain in the alternative chain.

The update will introduce a new complexity recalculation algorithm called ASERT. It is assumed that together with it, the problem of delaying the formation of new blocks will disappear.

Another innovation is implementation of the Coinbase Rule function. It will reject all blocks that will not contribute 8% of the awards received to the Bitcoin Cash Development Fund. This is the aspect that caused the main contradictions – a large part of the community did not agree with this proposal, releasing BCHN client in response without the support of this option.

Earlier, the founder of Bitcoin.com and one of the main supporters of Bitcoin Cash Roger Ver stated that on November 15, Bitcoin ABC and its leading developer Amory Cechet will part with Bitcoin Cash.

These words suggest that the Bitcoin Cash community will fight for which fort will be eligible to claim the “Bitcoin Cash” brand – Bitcoin ABC or BCHN.

Poloniex, which on the eve of hardfork BCH and BSV supported futures on both coins, this time did the same with the launch of pre-fork trade.

What will happen with the #Bitcoin #Cash fork this month?

 

Other leading trading platforms will only support a blockchain with the highest hash rate. This may explain the desire of many users to sell the asset in the run-up to hardfork.

Binance has already announced that it will support a longer chain and will charge 1:1 in the case of a coin fork. Deposits to BCH will be suspended on November 15 at about 10:00 UTC, hardfork itself will be held at about 12:00 UTC.

DeFi – Aave protocol raises $ 25m from Blockchain.com and others

13. October 2020

Aave, one of the most important decentralized finance (DeFi) protocols, has just raised an additional $ 25 million from Blockchain.com Ventures, Blockchain Capital and Standard Crypto. DeFi definitely seems far from running out of steam and Aave continues to conquer the sector.

The Aave protocol impresses again

Yesterday, October 12, the Aave protocol announced via the media Decrypt that it had raised an additional $ 25 million for the development of its cryptocurrency lending project focusing on decentralized finance (DeFi).

This funding round was led by Blockchain.com Ventures , the investment arm of the famous crypto-wallet provider. Blockchain Capital and Standard Crypto also participated in this fundraising.

Stani Kulechov , CEO of Aave, said the new shareholder entities will participate in the staking and governance of the protocol . In addition, Aave would now begin a real rapprochement with institutions:

“Aave has raised funds from strategic investors in order to bring DeFi closer to institutional use and to expand the size of the team to serve the growth of Asian markets,” he added.

This additional funding is on top of the $ 24 million , including $ 16.5 million raised in 2017 during a public fundraiser and $ 7.5 million collected from several investment funds in July 2020.

A project in great shape

The performance of the Aave protocol is no longer to be proven , both from a fundamental point of view and in terms of the progress of its token, the LEND .

Moreover, since the beginning of October, the protocol has entered the migration phase of its LEND token, the ecosystem moving to a new token, the AAVE .

According to the team, the AAVE token will allow the community to have more weight in the decisions to be made for the future developments of the protocol, with the aim of increasing decentralization .

“Aave is now moving towards AaveDAO, which means that after the migration from LEND to the AAVE, anyone can integrate new features into the protocol with the Aave team, which allows for decentralization. effectively development and governance, ”explained Stani Kulechov.

To this day, Aave still dominates the DeFi landscape as much, with it being the 3rd largest protocol with the highest total value locked, $ 1.16 billion .

Last August, Aave also created a surprise, obtaining a license to establish electronic money in the United Kingdom .

Such authorization directly provided by the UK regulator gives Aave the ability to offer payment services, just like those of Coinbase and Revolut .

To sum up, the Aave protocol is without a doubt one of the most promising DeFi projects . Despite its daunting performance over the past few months, the arrival of the AAVE token and this additional fundraising has once again strengthened the ecosystem.

The team still has great things to offer the project community, and the AAVE token could once again climb the ranks of the most capitalized cryptocurrencies on the market.

Über 45.000 Bitmünzen flohen aus BitMex, da die Behörden die Mitbegründer anklagten

7. October 2020

BitMEX-Kontoinhaber schoben am 2. Oktober weiterhin ihre Bitcoins von der Derivateplattform ab, als die fünfte Kryptowährungs-Derivateplattform versprach, die Vorwürfe vor Gericht anzufechten. Der Ausfluss der Bitmünzen von der Plattform erfolgt nach einer ganzen Reihe von Anschuldigungen gegen die auf den Seychellen ansässige Krypto-Derivatebörse.

Die neuesten Statistiken der On-Chain-Datenplattform Glassnodes deuten darauf hin, dass Kontoinhaber seit dem Bekanntwerden von AML-Verstößen am 1. Oktober bis zu 40.000 Bitcoins im Wert von etwa 420 Millionen Dollar abgehoben haben.

BitMex-Bitmünz-Ausfluss erreicht 420 Millionen Dollar

Laut Glassnodes hielten die BTC-Reserven von BitMEX vor den Anschuldigungen etwa 170.000 BTC im Wert von etwa 1,85 Milliarden Dollar.

In der Zwischenzeit scheinen die großen Krypto-Börsen, Binance und die Gemini-Börsen in den USA, die Nutznießer der Leiden von BitMEX zu sein. Huobi und OKex verfolgen sie aufmerksam. Mehr als 20.000 BTC von BitMEX haben ihren Weg in diese vier Krypto-Börsen gefunden.

Dies ist nicht das erste Mal, dass BitMEX in jüngster Zeit Wellen in der Kryptogeldbranche ausgelöst hat. BitMEX schockierte kürzlich seine Kunden nach einem Stromausfall, der seinen Kontoinhabern am schwarzen Donnerstag den Zugriff auf ihre Gelder verwehrte. In dem halben Jahr, das zwischen diesem Skandal und dem jüngsten liegt, zogen Kontoinhaber mehr als 100.000 BTC ab. Im Vergleich dazu bewegte sich die Abhebungsskala in den letzten drei Tagen nach Bekanntwerden von AML-Verstößen auf einem anderen Niveau.

Besitzer versprechen, gegen Anschuldigungen vorzugehen

Die Gründer von BitMEX, Arthur Hayes, Reed und Delo, und der Leiter der Wirtschaftsförderung Gregory Dwyer wurden am 1. Oktober wegen Verstoßes gegen das Bankgeheimnisgesetz verhaftet. Der Bundesanwalt beschuldigte die Führungskräfte der Verschwörung, gegen das Bankgeheimnisgesetz zu verstoßen, weil sie schwache Maßnahmen zur Bekämpfung der Geldwäsche ergriffen hatten.

In einer Zivilklage der CFTC gegen BitMEX betrieben die Gründer die Krypto-Derivate-Börse als nicht registrierte Handelsplattform, zusätzlich zu den unzulänglichen AML-Maßnahmen. BitMEX wies die Vorwürfe jedoch entschieden zurück und versprach, die Anklagepunkte rechtlich anzufechten.

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