Kategorie-Archiv: Bitcoin

After GameStop controversy: Bitcoin subreddit reaches 2 million subscribers

Last week over 200,000 new people came to the Bitcoin subreddit.

One of the most famous online communities on the subject of Bitcoin passed the two million subscriber mark on Friday.

The reason for this is probably the attention to the subreddit r / Wallstreetbets

According to the analytics website Metrics For Reddit, the r / Bitcoin subreddit had 2,184,941 subscribers at press time . This makes it 178th of the most popular subreddits among more than 100,000 active pages. The Bitcoin ( BTC ) subreddit passed the two million subscriber mark on Friday. Only 18 months earlier they had a million.

The subreddit has only grown gradually after the 2017 bull run. However, growth exploded at r / Bitcoin last week. More than 200,000 accounts signed up on the site between January 26th and 30th.

This increased the number of accounts from 1,982,681 to 2,184,941

Many of the new subscribers probably became aware of the subreddit after mainstream media reported on r / Wallstreetbets‘ retail investors. These have against big Wall Street traders together , the short positions on GameStop shares had opened. The story, as well as the allegation of market manipulation by hedge funds and brokers, caught the attention of not only US lawmakers. She was also parodied in a sketch on the comedy show Saturday Night Live .

The r / Bitcoin subreddit was created in September 2010, two years after the Bitcoin whitepaper was published. Since then, its impact on the crypto space has been immeasurable. Bitcoin newbies and HODLers get news, rumors, memes and comedy there.

Regulador Financeiro da Nova Zelândia Adverte sobre Riscos de Investimento em Bitcoin

A FMA da Nova Zelândia uniu-se à FCA do Reino Unido para alertar os investidores sobre os riscos potenciais associados ao investimento em moedas criptográficas.

O regulador financeiro da Nova Zelândia alertou os investidores sobre os perigos de investir em Bitcoin. Os comentários foram direcionados às recentes flutuações no preço das principais moedas criptográficas, que mostraram uma grande amplitude.

Negatividade, Liderada pelas recentes subidas e descidas do preço do BTC

A Autoridade dos Mercados Financeiros da Nova Zelândia (FMA) emitiu um aviso franco para os investidores do país, considerando sua tomada de moeda criptográfica e principalmente Bitcoin. Um recente relatório de notícias do Herald citou o cão de guarda financeiro do país, dizendo que os comerciantes de criptografia têm que estar preparados para „perder seu dinheiro“ se investirem no ativo digital.

A FMA havia comentado diante da mídia, apontando o mais recente barulho do preço da Bitcoin, quando o valor do ativo criptográfico mostrou bastante a volatilidade. Estas flutuações drásticas levaram ao recente conselho da autoridade financeira, alertando os investidores para as rochas submarinas ao confiarem no BTC e na moeda criptográfica em geral.

Há alguns dias, a Autoridade de Conduta Financeira do Reino Unido (FCA) também alertou os investidores sobre o risco potencial de investir em empreendimentos específicos de ativos digitais. O cão de guarda do Reino Unido apontou a natureza incerta e arriscada da indústria criptográfica. Ele destacou que os investidores devem estar preparados para os piores cenários, incluindo, mais uma vez, a perda de todo o seu dinheiro.

Sobre esse assunto, a FCA do Reino Unido deu um passo em direção a uma maior segurança para os investidores, estabelecendo empresas de moeda criptográfica que trabalham no país para se registrarem como estabelecimentos aprovados. A autoridade britânica prorrogou recentemente o prazo para as empresas criptográficas existentes de 10 de janeiro de 2021 até 9 de julho de 2021.

Preparando para maus fechamentos

De acordo com a FMA, os investidores criptográficos da Nova Zelândia, de olho na Bitcoin, têm que ter cuidado para que estes ativos tragam alto risco e volatilidade.

„A FMA compartilha as preocupações da FCA (Financial Conduct Authority) de que algumas bolsas criptográficas estão prometendo altos retornos e os clientes devem estar preparados para perder todo seu dinheiro“, lê o relatório.

Outra razão para a opinião do cão de guarda é que, assim como em muitos outros países, as moedas criptográficas ainda não estão regulamentadas na Nova Zelândia.

Entretanto, como um plano de reserva, as autoridades financeiras da Nova Zelândia aconselham fortemente que os investidores que ainda planejam investir em moedas criptográficas devem pelo menos confiar nas bolsas registradas no Registro de Prestadores de Serviços Financeiros (FSPR).

Além disso, um porta-voz da FMA instou futuros investidores a verificar se a bolsa irá armazenar o NZD e os ativos em moeda criptográfica em uma conta fiduciária.

Czy manipulowanie cenami Bitcoinów przez wieloryby to prawdziwa rzecz?

Paradoks Bitcoinów przedstawia coś w rodzaju kłopotów. Z jednej strony, Bitcoin sprzedaje się jako korektor finansowy.

Ale jednocześnie, jest to jeden z najbardziej nierównomiernie rozłożonych aktywów na świecie.

David Lin z Kitco News podniósł tę kwestię w dyskusji z dyrektorem ds. badań w GraniteShares, Ryanem Giannotto.

Giannotto zgodził się z oceną Lina, nazywając to jedną z podstawowych ironii Bitcoinu. Powiedział:

„Ma być siłą demokratyzującą finansowo, ale tak głęboko rozłożoną w nierówny sposób.

Jest to poważnie zakrzywiona klasa aktywów, gdzie tylko około 500 procent inwestorów Immediate Edge kontroluje ponad 40% Bitcoin. I to jest poważny, poważny problem.“

Ogólnie rzecz biorąc, Bitcoin wieloryb jest zdefiniowany jako podmiot posiadający ponad 1000 BTC. Niektórzy rozszerzyliby tę definicję na adresy ze 100 lub więcej BTC.

Dane z Bitinfocharts.com wspierają analizę sytuacji przez Giannotto.

Wynika z niej, że 2.419 adresów posiada 1.000 lub więcej BTC. Mimo że adresy te stanowią zaledwie 0,01% wszystkich adresów, kontrolują one 43% podaży Bitcoinów.

Rozszerzenie analizy o adresy z BTC > 100 farby jeszcze większy stopień nierównomiernej dystrybucji, z 0,05% adresów posiada 62% Bitcoinów.

Manipulacja rynkiem

Jednak nierówny podział jest problemem, który dotyczy wszystkich klas aktywów. Lin podaje przykład 20% akcji Tesli w posiadaniu Elon Musk i pyta, czym to się różni?

Giannotto uważa, że stopień nierównego rozkładu BTC jest bardzo skrajny. Dla zilustrowania swojej tezy oparł się na przykładzie braci Hunt, którzy według szacunków posiadają jedną trzecią prywatnych zasobów srebra na świecie.

W latach 1979-1980 bracia Hunt byli w stanie podnieść cenę srebra z 6 do 40 dolarów.

Nawet z braćmi Hunt nie mogli marzyć w swoich najdzikszych fantazjach o tym, jak bardzo Bitcoin jest zakrzywiony.“

Giannotto powiedział, że przy tak ścisłej kontroli dostaw BTC, a przez tak niewielu, rynek Bitcoinów jest na łasce wielorybów.
Wieloryby Bitcoinów dostają zły rap

Niewątpliwie, jako ruchome i wstrząsające, wieloryby Bitcoinów odgrywają znaczącą rolę.

Mogą one zdecydować się na wycofanie płynności, nie uczestnicząc w działalności rynkowej. Równie duże efekty przemieszczania dużych ilości BTC, na stosunkowo niepłynnym rynku, przyczyniają się do zwiększenia zmienności.

Niemniej jednak Eric Stone, dyrektor Data Science at Flipside, zgadza się z poglądem, że wieloryby na ogół są zainteresowane ochroną swojej hordy. W związku z tym mają tendencję do działania w sposób sprzyjający długoterminowemu wzrostowi.

„z czasem ostrożnie zlikwidują stosunkowo niewielkie ilości BTC, zamiast narażać się na szok podażowy poprzez likwidację większych fragmentów naraz“.

Jednakże, pomimo oceny Stone’a, psychologia chciwości i władzy sugeruje, że nigdy nie jest wystarczająca.

Freedom for 0.02 BTC: Hacker blackmails user with smart chastity belt

As always, you should be careful which devices you trust with your data in the IoT age. The Cell Mate case shows that genitals can also become the focus of hackers.

Individual users of a smart chastity belt called Cell Mate are currently experiencing cyber blackmail of an unusual kind. To explain: chastity belts are used in the BDSM sector. A person is given control over the partner’s sexual organs by means of a (also digital) key, which many members of the scene find arousing. So far, so good. In the age of cybersex, there is now a variant with the Cell Mate that allows the cage to be opened and closed via app. Many S&M relationships take place online in a Corona-compliant manner, and that’s also where the participants get to know each other. Therefore, the Cell Mate definitely enjoys a certain popularity in the scene – especially these days.

Now, according to a report in Vice magazine, a hacker has apparently managed to get hold of this literally sensitive data in some cases. „Your penis is now mine“ – those affected now heard these words, not from their dominatrix as originally desired, but from a hacker named „Smelly“. This is evident from a screenshot of the conversation obtained by a security researcher. The ominous „Smelly“ is the founder of vx-underground, a website that collects malware samples.

Cell Mate: 0.02 BTC for intimate freedom

According to Vice, one victim reports that a message arrived from a hacker. In it, he demanded a payment of 0.02 BTC (about $750 USD at today’s rate) to unlock the device. The victim realized that his cage was definitely locked and he could not open it either. Fortunately for him, however, the had not put on the Cell Mate at the time of the extortion.

For security experts, this incident probably comes as anything but a surprise. Similar attacks already took place in October last year, as the Chinese manufacturer of the Cell Mate QIUI had left an API open. This opened the door for malicious hackers to take control of the devices. And exactly this scenario has now happened according to a security researcher. Said expert has screenshots of conversations between the hacker and several victims. Among them are those that Motherboard, Vice’s tech magazine, has already spoken to.

The manufacturer Qiui was apparently not yet ready for comment, according to Vice. Be that as it may, among the extortion attempts of the recent past, this case is certainly one of the most curious ones.

Brazilian professor launches book on blockchain technology and public fundraising

Cryptomote market, ICOs and IPOs are some of the topics covered in the book that will be launched through a live on Youtube.

Brazilian professor launches book on blockchain technology and public fundraisingNOTÍCIAS
University professor of law, Wallace Fabrício Paiva Souza, will launch next Wednesday (13) a book on blockchain technology and fundraising related to the cryptomorphic market.

Called „Blockchain And Public Fundraising: A Comparison Between Ipo And Ico In Light Of CVM Rules,“ Wallace Fabrício’s launch is the result of a doctoral thesis he recently defended at the Pontifical Catholic University of Minas Gerais (PUC – MG).

Book about Bitcoin enters Amazon’s top 3 macroeconomics
With free download, the work of the university professor will be distributed through a live Bitcoin Revival on Youtube, on the channel „Mais Direito“. With a duration of approximately one hour, those interested in winning the book must register with Sympla.

Book about blockchain technology
Blockchain technology will be addressed in the book „Blockchain And Public Fundraising: A Comparison Between Ipo And Ico In The Light Of CVM Rules“, which deals with the financing of projects in the cryptomaniac market.

In addition, the book presents a legal understanding of how cryptomaps are classified through the legislation in force in Brazil.

Professor at FGV says Bitcoin and fintechs do not represent a financial revolution
Thus, according to the description of the book’s launch event, in addition to citing blockchain technology, the book’s title mentions the Securities and Exchange Commission (CVM).

„The book deals with extremely relevant topics, such as: The Securities Market in Brazilian Law; the Public Offering in the Securities Market; the Blockchain Technology; the Criptoactives; the ICO and its differentiation from the IPO“.

Live launch on Youtube
The book „Blockchain E A Captação Pública de Recursos: Um Comparativo Entre Ipo E Ico À Luz Das Normas Da CVM“ will be launched by the channel „Mais Direito“ next Wednesday (13) at 7pm.

As the technology behind Bitcoin is changing the money‘, debates SENAI-SP at the 1st Virtual Book Biennial of São Paulo
Through live, participants will receive a link to download the work of the university professor for free. In addition to this book on blockchain technology, Wallace Fabrício has other published titles and collaborations, as in:

The Executivity of Scripture Bonds
The Clean Record Act
Law and Technology
Business Contracts in Contemporary Times
Securities in Contemporary Times
Transindividual Law in Labour Public Civil Action

Democrats with control of the Senate! What are the implications for Big Tech and Bitcoin?

With victory in Georgia, the Democrats assume total power in the U.S. What could happen?

The Democrats gain control of the U.S. Senate in a surprise turn of events. The Republicans lost the White House, the House of Representatives, and now the Senate. The dramatic Democratic victory in Georgia caused this setback. Initially, it was believed that the Senate would remain in Republican hands. However, things are different now. Everything changes in this life. And in politics, nothing is certain. Despite the unfortunate fact, the assault on the Capitol did not worry the markets. A Democratic Senate, however, does worry a bit. Why?

In the past, it has been proven more than once that mixed governments are better. In other words, the balance of power works. Legislative power is much more useful when it curbs the excesses of executive power. In other words, the mixed formula works as a kind of balance. With the Democrats in the White House and the Republicans in the Senate, one might expect limited government. The Democrats tend to increase public spending too much, and a conservative Senate would have served as a counterweight, putting everything in its proper place. Now, things are changing.

Historically, the U.S. economy works much better with a Democrat in the White House and a conservative Congress. The stock markets have traditionally favored, at least in the short term, the victory of Republican candidates. Probably because of the tax and regulation issue. However, it has been proven many times that the Democrats are better for the economy in the long run. On the other hand, it is not a good idea to leave a Democrat in the lurch.

The current Democratic Party has a radical wing that wants to impose many changes very quickly. That extreme left left left free and unchecked would be a great danger. Why? Well, it’s not a problem of content. Certainly, the progressive agenda has its good points. The problem is one of form. Too many reforms in too little time. In a country as divided as the United States, unbridled progressivism could create a major social crisis. As a result, there would be a huge governance problem.

Regulation is good, but too much regulation is fatal. And regulation generated from resentment would be terribly destructive. Too much change generates too much resistance. Every measure has its drawbacks. Many measures at the same time would generate more harm than good. This is the root problem with messiahs. Everything in theory sounds very nice, but once they come to power they make a mess. The truth is that reality is complex. So changes must be made gradually and with great care. Much medicine can kill the patient.

Of course, we’re not talking about total Senate domination either. The Democratic majority is very fragile. 50%+1. That’s a big advantage. Above all, for assigning committee chairs and working tables. And, of course, a lot of things can be approved more easily. However, we are not talking about absolute power. Not everything in the Senate passes with a simple majority.

The end of Republican rule does not mean that Biden’s powers will be unlimited. The institutionality in the United States is not that weak. On the other hand, we cannot forget that the Democratic Party is not very homogeneous. It is not a monolithic political agenda. In fact, there are many divisions in the progressive camp. The opposition to Trump has long functioned as a unifying element. But Trump is leaving soon. The Democrats won. With the common enemy gone and now in power, the various factions within the left could begin to fight each other.

What does the Democratic victory in the Senate mean to Bitcoin? Initially, the change is positive. Because we’ll probably have more generous stimulus and increased fiscal spending. In other words, there will be a lot of liquidity in the market. This liquidity will have an impact on the price of Bitcoin. Or, at least, it will create the ideal conditions for the bullish season to continue to prosper.

During the 2020 stimulus debates, the amounts proposed by the Democrats were always much higher than those planned by the Republicans. Even Trump’s own proposed amounts were always well above his party’s proposals. In the end, the amounts chosen ended up being somewhere in between. Fiscal and monetary austerity is a deeply held Republican doctrine. The austere position would lose much strength with the Democrats in the House, Senate, and White House. That’s not bad for Bitcoin. In fact, it’s not bad for asset appreciation in general.

The tax increase is a matter of concern for many investors. In fact, Wall Street tends to favor the candid conservatives basically because of this issue. However, Biden’s proposal regarding taxes is not particularly unwise. In fact, it is quite moderate. It has nothing to do with the ideas of Elizabeth Warren or Bernie Sanders. Besides, this is one of those issues that cannot be approved with a simple majority.

In my frank opinion, the Democrats don’t worry me much about the economy. I even think the economy will be in better hands under Democratic scrutiny. My fears revolve around the regulatory issue. We may see a witch-hunt targeting the technology industry. And crypto space could be harmed in the fervor of the fight. Any aspiring Democrat could launch an investigation against Big Tech to be the hero of the film. Here we could have an irrational demonization of the industry for theatrical effects by an ambitious politician or official.

Here I am not saying that the big tech companies are charity nuns. Fair investigations are welcome and necessary. The problem is overkill. That is, that the thing becomes fashionable. Attacking just for the sake of attacking. Nothing stops the natural growth of a great company more than an eternal judicial process. In many cases, nothing concrete is achieved. But the damage is already done. Microsoft and IBM are examples of this. An attack from all sides on the technology industry could generate a lot of damage. It seems to me that this would not be very convenient.

Fair processes are positive. A proper and well thought-out regulation is necessary. But a witch-hunt, initiated by ambitious politicians or officials, who simply want to cut off heads to show strength and get a trophy, is something very different. We need to be vigilant about how the radical left wing within the Democratic Party reacts to the seizure of the Senate. Let’s hope they don’t go crazy.

Bitcoin überholt Facebook, „macht Sinn“, sagt Winklevoss

„Es macht Sinn, dass ein Geldnetzwerk wertvoller ist als ein soziales Netzwerk“, sagte Cameron Winklevoss in einem für die Zwillinge bemerkenswerten Moment.

Nachdem sie 65 Millionen US-Dollar durch die Klage gegen Facebook gewonnen hatten, kauften sie 2013 Bitcoin im Wert von 11 Millionen US-Dollar.

Sie wurden damals ausgelacht, aber die geschätzten 100.000 Bitcoin sind jetzt mehr als 4 Milliarden Dollar wert, da die Zwillinge am Ende bestätigt werden, dass Bitcoin Code die Marktkapitalisierung von Facebook übertrifft.

Marktkapitalisierung von Bitcoin, Januar 2021

Die Marktkapitalisierung von Facebook beträgt derzeit 765 Milliarden US-Dollar, während Bitcoin auf 768 Milliarden US-Dollar gestiegen ist, wobei das Geldnetz zum ersten Mal das soziale Netzwerk überholt hat.

Mark Zuckerberg seinerseits versucht seit 2018 , sich mit Krypto zu beschäftigen , und legt 2020 die Vision eines Shops in jedem Instagram fest, das über Krypto abgewickelt werden kann.

Sein Libra-Projekt hat jedoch eine intensive politische Prüfung erfahren, wobei unklar ist, ob es gestartet werden darf

Die Zwillinge hingegen schlossen sich der Bitcoin-Menge an, anstatt zu versuchen, ihre eigenen zu kreieren, und jetzt, sieben Jahre später, gewannen sie mehr als nur eine Klage.

Til tross for nylig Bitcoin-topp, her er hvorfor det er riktig tidspunkt å kjøpe

Det har gått 4 dager siden bitcoin nærmet seg å ta ut $ 16.000-nivået. Selv om det virker som om prisen er ferdig og den ikke vil presse lenger, er det ikke, og en beregning som vurderer den gjennomsnittlige valutatilstrømningen har tent opp „kjøp“ -signalet.

Crypto Quants administrerende direktør Ki Young Ju tvitret,

„$ BTC buy-the-dip-indikatoren sier at vi fremdeles er i en sterk kjøpesone … Etter prisdypet har det vært etterfølgende valutatilstrømning fra hval …“

Dette virker for godt til å være sant, så la oss se nærmere på dette „kjøpesignalet“.

Som forfatteren av tweeten forklarer, er det to grunner til at valutatilstrømningen vil øke

  1. I oksemarkedet ville det være å selge bitcoin-beholdninger på det lokale høydepunktet, hvis det er en innstrømmingspike. Disse salgsordrene vil være når detaljistinvestorene er aktive på børser.
  2. I bjørnemarkedet antydet tilstrømningen at hvaler ville ønske å sikre sine lasterom i påvente av utsalg.

Av de to ovennevnte tror jeg det første skjer, men vi kan se at detaljhandelskjøperne ikke er ferdig med å kjøpe bitcoins. Beviset for dette kan deles i to

  1. Square selger bitcoin til kunder raskere enn bitcoins blir myntet. Mer spesifikt selger Square dobbelt så mye bitcoins. Den samme trenden kan observeres med PayPal.
  2. CME CoT-rapporten viser at detaljhandelens etterspørsel var på en ATH og er lang bitcoin.

Denne økningen i etterspørsel etter detaljhandel sett på CME skjer når CMEs OI tar et hak ved den forrige ATH på 939 millioner dollar. Dette viser at det er et faktisk volum som støtter detaljhandelens etterspørsel. I en forrige artikkel har vi allerede snakket om hvordan den nylige rallyen skyldtes enkeltpersoner og høye nettoverdiindivider.

Så, er dette et godt tidspunkt å kjøpe?

Ja, dette er et godt tidspunkt å kjøpe, hvis det er en langsiktig investering. Men hvis du gjør det på kort sikt, kan du kanskje vente på en liten tilbaketrekning opp til $ 13.500.

Bitcoins pris har truffet et punkt som føles som starten på en bull run eller kanskje pre-bull run. Bedriftene blomstrer, grunnleggende bitcoin er sterke, gruvearbeidere er glade, så nettverket og økosystemet som helhet klarer seg godt. Derfor vil det være en god beslutning å kjøpe nå på lang sikt.

Il pagamento in bitcoin è ora accettato per i servizi di passaporto degli Stati Uniti

I servizi Peninsula Visa e Passport negli Stati Uniti hanno annunciato tramite un comunicato stampa che il pagamento Bitcoin è ora accettato per servizi di passaporti selezionati come rinnovi di passaporti, modifiche di nome e secondi passaporti.

La società di spedizioni Visa accetta pagamenti in Bitcoin Circuit per i servizi tramite Coinbase Commerce come processore sicuro per queste transazioni. Secondo l’azienda, l’aggiunta di Bitcoin come opzione di pagamento è una mossa al momento giusto.

Bitcoin ha continuato a godere di una massiccia adozione nel settore privato della società e nel settore pubblico. Negli ultimi tempi, i governi hanno prestato attenzione al re delle criptovalute mentre lo integrano nei loro sistemi.

Perché Peninsula Visa ora accetta pagamenti con Bitcoin

Il COO dell’azienda, Evan James, ha rivelato che l’adozione di Bitcoin di Peninsula Visa è una preparazione per il futuro. Ha detto che la decisione dell’azienda era basata sulle anticipazioni future secondo cui un mondo post COVID si sarebbe basato maggiormente sui moduli di pagamento digitali.

BTC è stato uno dei mezzi di pagamento alternativi più ampiamente accettati da aziende e uomini d’affari nel mondo di oggi.

Peninsula Visa, inoltre, come parte per garantire un’esperienza di pagamento Bitcoin senza interruzioni, ha messo in atto misure per affrontare l’elevata volatilità di BTC. Lo scambio (Coinbase) abiliterebbe una finestra in cui il tasso di cambio sarà bloccato per dieci minuti. Coinbase lo notifica a seconda del movimento del prezzo di BTC. L’azienda può fornire un nuovo tasso di cambio dopo il tempo.

Le aziende pubbliche continuano ad adottare Bitcoin

Evan James ha notato che sono il primo fornitore di servizi di visto ad offrire servizi di passaporti statunitensi con Bitcoin. Ma a livello globale, non sono i primi ad accettare la crittografia come mezzo di pagamento.

Come modo per superare i loro problemi economici, il governo venezuelano ha aperto il pagamento Bitcoin per l‘ elaborazione del passaporto , il pagamento dello stipendio, l’importazione e l’esportazione. Allo stesso modo, in Austria, i residenti possono utilizzare Bitcoin per pagare vari servizi presso 3.500 uffici postali australiani.

6 Months After Bitcoin: This $ 700M cryptocurrency is about to be halved for the first time

In May, Bitcoin experienced its long-awaited block reward: the number of coins minted per block was halved.

Many had therefore expected a massive increase, as the market supply of BTC should technically decrease in relation to demand.

And it did … kind of. Since halving, Bitcoin Machine platform has gained 70 to 80 percent against the US dollar, with rising demand for the cryptocurrency driving its value soaring.

Because of this, analysts are closely monitoring the first halving of Zcash – the bitcoin fork introduced by Zooko Wilcox that focuses on user privacy. Each block reward halving or reduction has a diminishing effect on a cryptocurrency market, so the first halving is expected to be significant for Zcash.

Qiao Wang, a prominent crypto analyst and DeFi investor, explains:

“Also a friendly reminder of the halving of ZEC in one month. In contrast to the 3rd halving of BTC, which was completely exaggerated, the 1st ZEC halving is probably important. “

Halving ZCash is only days away

The halving of ZCash is now imminent in less than four days. Once the halving is activated, the rewards for the $ 700 million cryptocurrency for the miners will be halved.

In theory, this should lead to higher prices: A 50 percent drop in block premiums means that miners have 50 percent less cryptocurrency available for sale every day. Assuming the demand for ZEC continues, the price of the coin is likely to rise over time, provided there are no supply shocks.

However, according to Ryan Watkins, an analyst at Messari, that might not be the case either

According to Watkins, the on-chain data suggests that there is reason to believe that miners are only a small fraction of the selling pressure that has brought ZEC down dramatically in recent years:

“Assuming that miners sell all of their ZEC as they mine it, historically they only made up less than 5% of the daily trading volume at ZEC last year. The measure isn’t perfect, but it’s good enough to show that the miners may not be what is holding ZEC back. “

For context, the Altcoins is notorious for falling without capturing a bid after trading higher than Bitcoin when it was first launched four years ago .

Still, many are convinced that ZEC has a viable long-term value proposition. The pseudonymous DeFi and crypto investor „DgnTec“ recently wrote:

“I’m changing my mind about ZEC. The need for a private SOV is even more evident at DeFi, where whales trade in fair game and are receptive to front runners and observers using virtue signaling. “

Ryan Selkis, CEO of Messari, joined this comment back in October. Selkis believes that ZEC could potentially be a „Trojan horse“ in this bull cycle as a „clean opt-in / opt-out data protection pool builds momentum with regulators while deploying long-term fungibility (which is not possible with BTC.“ is). „