Analytiker, der kaldte Crypto Pullback, siger, at disse Altcoins vil stige hårdest, når markedet finder bund

En populær kryptohandler og analytiker siger, at tre altcoins brøler tilbage til livet, efter at Bitcoin når bunden.

Analytikeren, kendt i branchen som Flood, fortæller sine 87.000 Twitter-tilhængere, at han er optimistisk med hensyn til BTC, men er stadig forsigtig med den kortsigtede vej fremad, idet han ved, at mange store investorer allerede har sat deres spil og er kommet ind på markedet.

”Her er de niveauer, jeg ser på. Hvis $ 17.400 går i stykker, tror jeg, at vi stadig er hausse, men krybningen af deriv v-spot såvel som større spillere, der har købt, gør mig allerede på en side af forsigtighed på disse niveauer.

Jeg vil undgå at blive hugget op, før vi bryder 20.000 dollars

Flood forudsagde nøjagtigt det bredere kryptomarkedets nuværende retracement den 4. december, før Bitcoin begyndte at flytte til et nylig lavpunkt på $ 17.638.

Ser fremad, siger analytikeren, at han forventer, at tre altcoins vil stige, når markedet vender tilbage.

Flood siger, at handlende skal holde sig til det grundlæggende, når de vurderer markedet

Han advarer mod at blive for fanget i komplekse tekniske handler, især i den flygtige og historiedrevne verden af kryptokurrency.

”Når jeg keder mig og prøver at lave søde, meget komplicerede handler i henhold til modeller, er en 20-årig fysikgrad udarbejdet til mig, når jeg har tendens til at fakkel mest penge. Markeder, især krypto, er meget fortællingsdrevne og har tendens til at udvikle sig hårdt eller slet ikke. ”

Geneva-based private bank Gonet supports the Wecan Comply blockchain platform

With the blockchain platform Wecan Comply, the Swiss private bank Gonet supports a project that aims to simplify the interaction between banks and external asset managers using blockchain technology.

The Swiss private bank Gonet & Cie from Geneva is joining the blockchain platform Wecan Comply for digital interaction between banks and external asset managers, according to a statement from the bank on December 7th.

The advantages of digital communication at a glance

It is convinced that „the targeted use of new technologies will be a key factor in developing relationships between financial institutions and their customers,“ writes Gonet & Cie, adding:

“As a private bank on a human scale, we are very close to our EAM partners and their needs. It is therefore important for us to support them with an innovative digital solution that aims to optimize compliance processes via blockchain functions with promising potential. „

The Wecan Comply platform, launched last October, aims to simplify the interaction between banks and external asset managers using blockchain technology.

As you can find out on the Wecan Comply website , the project aims to replace paper-based communication and the exchange of important documents such as compliance data with a digital blockchain alternative.

In addition to Gonet & Cie, over a dozen players from the financial sector are already participating in the project, including the private banks Pictet, Edmond de Rothschild and Hyposwiss, as well as the asset manager Pleion.

Blockchain document management as a cost reducer

The realization that blockchain technology can reduce costs through less administration and paperwork is gaining ground. The US company Kodak presented a blockchain platform for document management back in 2019 . The online retailer Amazon filed a patent in May for a blockchain system that is supposed to track the movement of goods along the supply chain.

MicroStrategy CEO: „Bitcoin is like LeBron James“

MicroStrategy CEO Michael Saylor compares the development of Bitcoin with that of basketball star LeBron James.

In an interview with the German financial expert and non-fiction author Marc Friedrich, MicroStrategy boss Michael Saylor emphasized that the criticism of Bitcoin Profit, which was still valid in 2015 and 2017, is no longer applicable.

Like LeBron James

Since 2017, Bitcoin has made significant progress in terms of infrastructure, fundamentals, and adoption. In addition, and probably for this reason, more and more institutional investors have invested in BTC this year as a store of value and a means of protecting against inflation.

While 2017 was still cited as a major criticism that the crypto currency would fluctuate too much and could possibly fall to zero, Saylor sees the development over the last three years as a sufficient counter-argument that lets this criticism fizzle out.

The MicroStrategy boss symbolizes this with the aid of the successful basketball player LeBron James, who is repeatedly traded as the heir to the throne of the legendary Michael Jordan

As Saylor points out in his analogy, even James, despite great talent, would have had to go through a maturation process before success could be achieved:

“I also find it important to address the concerns and concerns of those in the crypto community who fear that Bitcoin is too risky, too volatile, or even going to zero. These people are still living in 2012, 2015 or 2017. I answer them with this example: LeBron James played basketball between the ages of 9 and 18, and although he was very talented at the time, he was erratic and inconsistent. When he grew up, he destroyed every one of his opponents between the ages of 18 and 28. “

One of the most important developments Bitcoin has made since 2017 is the significant expansion of the market. While three years ago crypto trading platforms like BitMEX, which specialize in private investors, dominated the derivatives trading market alone, the picture is now different.

As Cointelegraph reported , the large options exchange Chicago Mercantile Exchange (CME), which targets institutional investors, now has a trading volume similar to that of crypto trading platforms for private investors. For example, the CME Bitcoin Futures recorded open interest of $ 1.14 billion on December 4th, which is higher than Binance Futures, Bybit, Huobi and BitMEX.

The on-chain data also shows that more and more large transactions are being made on the Bitcoin blockchain, which is further evidence of the increased interest of institutional investors.

According to IntoTheBlock, the number of transactions valued at more than $ 100,000 has doubled in the past two years. From this, the crypto market researchers conclude that institutions are becoming increasingly active.

Gestore del fondo: Voci di regolamento che a lungo termine non incidono sulla Bitcoin

Ieri, l’amministratore delegato di Top Bitcoin Exchange Coinbase, Brian Armstrong, ha rivelato che il Tesoro degli Stati Uniti sta probabilmente prendendo di mira Bitcoin.

Armstrong ha elaborato che ritiene che questo potrebbe avere effetti estremamente negativi sullo spazio.
Tuttavia, Kyle Samani, un socio dirigente della Multicoin Capital, non lo vede come una preoccupazione per il raduno della Bitcoin.

L’amministratore delegato di Coinbase parla delle voci sulla regolamentazione Bitcoin

Ieri, l’amministratore delegato di Top Bitcoin Exchange Coinbase, Brian Armstrong, ha rilasciato un thread che sostiene l’imminente regolamentazione dello spazio. Ha scritto che la sua società ha ricevuto voci credibili secondo cui il Tesoro degli Stati Uniti è nel bel mezzo di una regolamentazione che richiederà a tutti gli scambi di beni digitali di dimostrare che gli utenti possiedono l’indirizzo a cui vogliono ritirarsi.

„La settimana scorsa abbiamo sentito voci che il Tesoro degli Stati Uniti e il Segretario Mnuchin stavano pianificando di emanare una nuova regolamentazione per quanto riguarda i portafogli criptati auto-ospitati prima della fine del suo mandato. Sono preoccupato che questo avrebbe avuto effetti collaterali indesiderati, e volevo condividere queste preoccupazioni“.

Armstrong ha elaborato che secondo lui questo potrebbe avere effetti estremamente negativi sullo spazio. In particolare, ha evidenziato come ciò potrebbe causare la formazione di un giardino murato tra Bitcoin negli Stati Uniti e Bitcoin all’estero:

„Date queste barriere, è probabile che vedremo meno transazioni da istituti finanziari criptati a portafogli autogestiti. Questo creerebbe di fatto un giardino murato per i servizi finanziari criptati negli Stati Uniti, tagliandoci fuori dall’innovazione che avviene nel resto del mondo“.

La settimana scorsa abbiamo sentito voci che il Tesoro degli Stati Uniti e il Segretario Mnuchin stavano pianificando di emanare una nuova regolamentazione sui portafogli crittografici auto-ospedalieri prima della fine del suo mandato. Sono preoccupato che questo avrebbe avuto effetti collaterali indesiderati, e volevo condividere queste preoccupazioni.

Coinbase e un certo numero di altre società e di importanti investitori dello spazio si sono uniti nell’inviare una lettera al Tesoro per condividere le loro preoccupazioni su questa potenziale misura di regolamentazione
Influenzerà BTC?

Bitcoin ha cominciato ad abbassarsi seriamente dopo la pubblicazione del tweet di Armstrong. Anche se non è chiaro se il pettegolezzo ha causato la vendita, il prezzo della principale moneta criptata è sceso da circa 18.600 dollari al momento del tweet a 16.100 dollari la mattina seguente.

Gli analisti pensano che non avrà un effetto tangibile sul mercato a lungo termine.

Kyle Samani, un managing partner di Multicoin Capital, dice di non pensare che questo avrà un impatto tangibile su Bitcoin nell’attuale mercato dei tori:

„sulle voci di Mnuchin Per l’attuale mercato dei tori della BTC (i prossimi 12-36 mesi), non importa Perché? La prossima ondata di acquirenti macro acquirenti vogliono una regolamentazione Per loro, il tappo 21M è una caratteristica, e la resistenza alla censura è (una specie di) un bug Non vogliono l’auto custodia. Solo la copertura dell’inflazione“

A ciò hanno fatto eco altri nello spazio, che hanno affermato che il Bitcoin è molto più una copertura dell’inflazione che non una forma di denaro che può aggirare tutte le barriere del governo.

Questa è un’opinione alquanto controversa a causa del grande contingente di investitori libertari nello spazio.

Henry Ford’s Energy Standard: Een 100 jaar oude Bitcoin-voorspelling…

Op 4 december 1921 publiceerde The New York Tribune een verhaal met een plan van uitvinder Henry Ford, oprichter van de Ford Motor Company, om het bestaande goudgedekte valutasysteem te vervangen door een systeem dat gebaseerd is op een „energievaluta“.

Dit artikel gaat in op het ambitieuze plan van Ford en hoe Bitcoin (BTC) de belichaming is geworden van een 100 jaar oud ideaal.

Een historische achtergrond

Het artikel met de titel „Ford zou goud vervangen door energievaluta en stopzetten van oorlogen“ geeft een gedetailleerd overzicht van de opvattingen van Ford over een aantal kwesties die destijds de boventoon voerden, met de nadruk op het internationale monetaire beleid en de manier waarop dit de stabiliteit van de wereld negatief beïnvloedde.

Ford geloofde dat goud de basis van de oorlog was, of liever gezegd een belangrijke rol speelde bij het verlengen van de duur van de oorlogen. In 1921 begonnen de gevolgen van de Eerste Wereldoorlog over de hele wereld pijnlijk duidelijk te worden. De ‚War To End All Wars‘, de eerste wereldoorlog, liet meer dan 9 miljoen soldaten en 21 miljoen burgers dood achter, met vele gewonden en andere vermisten.

Het was tegen de achtergrond van een verwoestende wereldoorlog dat Ford zijn opmerkingen maakte en de wereld kennis liet maken met zijn revolutionaire idee.

Ford legde het uitgangspunt van zijn energievaluta beknopt uit:

„Het essentiële kwaad van goud in zijn relatie tot oorlog is het feit dat het gecontroleerd kan worden. Breek de controle en je stopt de oorlog.“

Gecentraliseerde gouden macht

Ford geloofde dat er een centralisatie van de rijkdom en de macht was onder degenen die goud in handen hadden en controleerden, zodanig dat ze zouden worden gestimuleerd om die macht en rijkdom verder vast te houden, of dat nu welwillend of kwaadwillend gebeurde.

De productieve zakenman verklaarde:

„Er is een groep internationale bankiers die vandaag de dag het grootste deel van de goudvoorraad van de wereld controleren. Het maakt niet uit naar welk land ze als individu trouw claimen, ze spelen allemaal hetzelfde spel om het goud dat ze in hun eigen handen hebben te houden en om net zoveel meer te krijgen als mogelijk is“.

Gezien de recentelijk afgesloten WO1, ging Ford door met het aanbieden van het voorbeeld van de oorlog. „Met de internationale bankiers is het stimuleren, beginnen en vechten van een oorlog niets meer of minder dan het creëren van een actieve markt voor geld, een zakelijke transactie. Als de verschillende landen van de internationale groepen in oorlog zijn, maakt dat geen verschil. Het maakt niet uit wie de oorlog verliest, er zijn veel leningen geweest – het gouden systeem wint altijd. De jonge mannen van achttien tot dertig jaar vechten in de oorlog en worden verminkt of gedood, de internationalisten zijn veilig en welvarend.

Terwijl de goudstandaard uiteindelijk werd verlaten, blijft het idee van de gevaren achter de gecentraliseerde rijkdom tot op de dag van vandaag bestaan. Traditionele financiële instellingen met grote hoeveelheden geld en macht kunnen deelnemen aan activiteiten die een negatieve invloed hebben op het leven van gewone mensen, terwijl ze geconfronteerd worden met bijna geen gevolgen.

Een munt met natuurlijke rijkdom?

Ford probeerde een nieuwe dispensatie in te luiden in het wereldwijde monetaire beleid, waarbij landen valuta’s uitgeven die worden gedekt door hun natuurlijke rijkdom, zoals rivieren en dergelijke, in plaats van valuta’s uit te geven die worden gedekt door goud dat in reserve wordt gehouden.

Ford schetste zijn idee in de Muscle Shoals Nitrate Plant in Tennessee. Hij was daar om het te inspecteren in de hoop dat hij het van de regering zou kunnen verwerven om de levensvatbaarheid van zijn plan aan het Amerikaanse publiek en de wereldgemeenschap te demonstreren.

De vooronderstelling achter het idee was eenvoudig: vervang de munt, gesteund door goud, door natuurlijke rijkdom.

Op dat moment was de Amerikaanse regering van plan om obligaties uit te geven om de 30 miljoen dollar te verwerven die nodig was om een dam te ontwikkelen. Ford had echter een alternatief idee. Hij stelde voor om de dam te bouwen, in feite gratis, als de staat instemde met de uitgifte van een valuta gesteund door de Muscle Shoals fabriek.

Muscle Shoals werd gebouwd op de Wilson-dam. Ford stelde dat de bron zou zorgen voor meer veiligheid voor elke valuta, gezien de beproefde robuustheid ervan. Bovendien creëerde de dam energie, die in staat was om een aanzienlijke, zo niet oneindige hoeveelheid paardenkracht te leveren. Het was deze energie waartegen de waarde van de Muscle Shoals Currency zou worden bepaald.

Ford legde uit:

„Onder het energievalutasysteem zou de standaard een bepaalde hoeveelheid energie zijn die gedurende een uur wordt uitgeoefend, gelijk aan 1 dollar. Het is gewoon een geval van denken en rekenen in termen die afwijken van die welke ons zijn opgelegd door de internationale bankgroep waar we zo aan gewend zijn geraakt, dat we denken dat er geen andere wenselijke standaard is.“

Met andere woorden, Ford stelde een valuta voor die wordt ondersteund door de energie die in kilowattuur (kWh) wordt verbruikt en die in bepaalde hoeveelheden wordt geproduceerd. Meer eenheden van de valuta zouden alleen worden gecreëerd als er meer energie werd besteed. Ford was uiteindelijk niet succesvol in zijn ambitieuze streven, onder verwijzing naar de politieke terughoudendheid, en gaf het project uiteindelijk op in 1924.

Iets meer dan honderd jaar later bestaat er nu echter een munt op basis van energie.

Bitcoin invoeren

Bitcoin wordt ondersteund door een groep partijen die mijnwerkers worden genoemd. Mijnwerkers voeren energie in om nieuwe blokken op de Bitcoin-blokketen te ontginnen. Dit is wat BTC zijn intrinsieke waarde geeft en wordt aangeduid als bitcoin-energiewaarde-equivalent. Met andere woorden, de waarde van de bitcoin kan afgeleid of gedefinieerd worden door de ruwe joules die gebruikt worden om er een te creëren.

Joule is een afgeleide eenheid van energie en arbeidsmeting. Werk wordt gedefinieerd als de kracht die op een object wordt uitgeoefend over een afstand. 1 kWh is gelijk aan 3,6 miljoen joule. Aangezien we kunnen vaststellen welke energie in het Bitcoin-netwerk wordt gebruikt, is het mogelijk om de waarde in kWh van één FTK op een bepaald moment te berekenen, rekening houdend met het groeipercentage van het aanbod op dat moment en de totale hoeveelheid uitgegeven joules. Dit is hoe de waarde van één bitcoin onder deze positie wordt berekend.

Bovendien zou het ook waar zijn om te zeggen dat één bitcoin wordt ondersteund door de totale hoeveelheid energie die ooit door het Bitcoin-netwerk is uitgegeven. Gezien het feit dat het netwerk nog steeds nieuwe eenheden aan het slaan is, zal deze hoeveelheid blijven groeien totdat de mijnwerkers stoppen met het genereren van nieuwe munten. Bitcoiners hopen echter dat door de transactiekosten de mijnwerkers altijd zullen worden gestimuleerd om deel te nemen aan het netwerk, zelfs nadat de laatste bitcoin rond 2140 is gedolven.

Op deze manier kunnen we zien dat het mogelijk is om de waarde van een bitcoin af te leiden door de energie-input te meten. Het is ook wiskundig aantoonbaar dat één bitcoin wordt ondersteund door de totale verbruikte energie in het netwerk. Bovendien betekent het gedecentraliseerde karakter ervan dat het kan voorkomen dat het vermogen wordt geconcentreerd in een zeer klein deel van de wereldbevolking.

Het lijkt erop dat Bitcoin daarmee de belichaming is van Henry Ford’s visionaire energiestandaard.

Bull run: Litecoin (LTC) leads the way and takes + 43% over the week

The Bitcoin (BTC) bull run allowed altcoins to enjoy a rather profitable week. But among the most capitalized cryptocurrencies, it is Litecoin (LTC) which is currently leading the way, with a particularly marked jump over the week.

Bull run for Litecoin (LTC), which stands out from altcoins

At the end of October, the price of Litecoin was characterized by some hesitation, which had been noted by the crypto community. LTC is indeed usually the leader when altcoins explode, but that had – so far – not been the case.

Until this week? Litecoin’s price exploded in the space of seven days, taking + 43% :

While it was still struggling to cross the $ 60 threshold a week ago, Litecoin’s price managed to climb above $ 70 midweek, and is currently trading around $ 81. . Over the month, it takes + 73% . This morning it posted a capitalization of 5.3 billion dollars.

Other altcoins are also growing

It should be noted, however, that the other altcoins in the top 10 do not have to be ashamed of their performance over the week. Particularly followed in recent weeks, Polkadot’s DOT has thus posted + 19% over the last seven days. It is followed by Ripple’s XRP , which seeks to silence those who would like to bury it too quickly: it takes + 18%.

The progression of Chainlink’s LINK is also notable, with + 11% over the last seven days. The rest of the top 10 shows a more measured rise (7.5% for ETH , + 3.2% for Cardano’s ADA and + 2% for Binance’s BNB ). It should also be noted that the only altcoin to fall over this period is Bitcoin Cash (BCH) , which was undoubtedly influenced by its hard fork .

Bitcoin maturity allows for fast recovery

After the news that Joseph Biden was officially the winner of the elections, the price of the pioneering cryptomone currency plummeted.

However, the cost of Bitcoin, in a few hours recovered, which allows us to say that the maturity of this asset has grown exponentially.

Initially, social networks reacted with caution and, in many cases, it was considered a mass sale. The latter would undoubtedly have led to a major drop in the price of digital currency. Despite this, the recovery movements did not take long.

Within hours of the price falling to $14,200, after the news of Biden’s victory, Financial Peak value was close to $15,000 again. So, after a few moves in both directions, the value of the most important of the crypt coins, dawned on the support before Biden’s victory, the $15,200.
Bitcoin, in a sign of maturity, recovers from yesterday’s fall

Seemingly the times when the price of this cryptomon currency sank before any turbulence and remained for a long time at the bottom are behind. The last of these winters was during the year 2018, when the price remained very low until the first quarter of 2019.

Since then, Bitcoin’s maturity has allowed it to overcome one of the stages that most terrified investors: instability. The price of the pioneer crypto currency still suffers from important events, but the big difference is that the recovery comes very quickly.

During the World Health Organization’s (WHO) announcement of the start of the pandemic, the price of Bitcoin plummeted dramatically. In fact, the opponents of cryptomone, aside from announcing the now customary „end of Bitcoin,“ ruled out any possibility that it could be a store of value.

It wasn’t long before large Wall Street investors and traditional companies like MicroStrategy were using it as a store of value. Bitcoin’s recovery from the March collapse was so rapid that it has been the best asset of 2020 ever since.
The rapid recovery of Bitcoin’s price allows many analysts to highlight the maturity of this asset in the face of major events. Source: TradingViewThe rapid recovery of Bitcoin’s price allows many analysts to highlight the maturity of this asset in the face of large events. Source: TradingView

Bitcoin could have a bullish cycle as in 2017

A Repeating Pattern

In this way, Bitcoin’s recovery, allows us to foresee that its maturity is at another level if compared to previous years. In this sense, at this juncture, the day of the presidential elections in the United States arrived, which, as expected, was highly controversial.

Nevertheless, Joe Biden’s clear victory during the counting of the electronic ballots, stopped the atmosphere of turbulence that seemed to be approaching. Trump’s messages became less frightening to market stability, and thus the need to place funds in reserve assets was lessened.

With yesterday’s official announcement of the Democratic candidate’s victory, the price of Bitcoin as a reserve asset reacted negatively. In a matter of minutes, it plummeted from nearly $15,500 to $14,200.

However, it didn’t take long for signs of recovery to appear. Within a few hours, the value of the crypto currency was on the verge of $15,000 again. At the time of writing, its price is above the $15,400 bracket. If it stays there, its next goal will likely still be 16K.

Bitcoin showed its power against DeFi and altcoins

The turbulence does not end

Although Bitcoin’s maturity could be the main factor in this rapid recovery, the uncertainty that remains allows us to say that the story of the election isn’t over. In fact, to date, outgoing President Donald Trump has steadfastly refused to acknowledge his electoral defeat.

In that sense, starting next Monday, the conservative politician will begin his legal actions in a last attempt to retain the White House.

Although it is already unlikely that the presidency will remain in Trump’s hands, the behavior of the markets with Biden remains to be seen. The first 100 days of his term will be crucial in determining the behavior of the price of the leading crypto currency.
Data to take into consideration

  • Shortly after Biden’s victory in the U.S. election, Bitcoin’s price plummeted from $15,500 to $14,200.
  • The recovery process soon took hold, and within hours of the fall, the price was nearing $15,000 again.
  • This Sunday morning, the value of Bitcoin recovered the support of $15,200.
  • If it remains at that support, the price will rise to about $15,000.

CZ van Binance, Buterin and Hoskinson want elections via blockchain

CZ and Vitalik Buterin agree on the need for a new blockchain-based voting system to improve democratic processes in the United States. But implementation will be more difficult than it seems.

Build a mobile voting app
In response to the continuing uncertainty Bitcoin Loophole about the outcome of the controversial US presidential election of 2020, CZ twittered that this is the right time for developers to build a blockchain-based mobile voting app.
Binance’s CEO argued that such a voting system would shorten the time needed to confirm an election result, improve voter privacy and eliminate questions about the validity of results.

And make it free
CZ urged developers to work on such a system:

Develop something now, get it approved (obviously the hardest step), and get over 300 million (fully KYC’ed) users within 4 years. Any capable developer should be willing to do it ‚for free‘.

Many challenges
Vitalik Buterin shared the message, but added that it will not be an easy task:

‚The technical challenges in creating a secure cryptographic voting system are considerable and often underestimated, but IMO is 100% correct‘.

He clarified that a cryptographic approach does not necessarily mean that a blockchain is needed, although he stated that it could be used to maximise anti-censorship guarantees.

His votes are valid
Although such systems can solve the question of whether each vote counts, they are not yet able to solve the problem of whether the votes are valid in the first place.

In the end, Buterin said that it should not be difficult to improve the current system:
Cardano’s founder Charles Hoskinson also believes that voting through the blockchain will be the solution, and suggested last week that Cardano has already built special infrastructure to make this possible.

Coinbase hires former Google lawyer

Coinbase leads a growing list of cryptomaniac companies that attract top legal talent

On Friday, Coinbase Inc. announced an appointment of Google’s former Senior Legal Director, Milana McCullagh, as general counsel for products and commercial legal matters.

McCullagh, who has worked for more than 13 years at Google, will work in various capacities at Coinbase in product legal support, helping the company to optimise legal compliance for new product launches.

McCullagh’s appointment is part of a Coinbase campaign to attract legal talent that began last year, as well as a wider movement of top-notch lawyers joining cryptomaniac firms.

Between August and October, Coinbase appointed former Dyson Ltd general counsel Katherine Minarik as assistant general counsel for litigation; former senior legal counsel at Uber Technologies Inc. in London, Carly Nuzbach Lowery as general counsel; former Fenwick Jade Clemons lawyer as commercial lawyer; and head of supervisory affairs for CLS Group Holdings AG, Janice Payne, as director of regulatory compliance.

Excess hiring may be part of Coinbase’s effort to contain the regulatory fears of potential investors on the eve of a possible IPO.

The San Francisco-based company spoke with law firms and investment banks about an IPO earlier this year.

In addition, these appointments coincide with the company’s recent decision to abbreviate „political“ and „social“ effects at work , which led to a request for 60 employees to package the exit packages provided by the company .

Main appointments in the cryptomime industry

Coinbase is not alone in its goal of bringing top-notch legal professionals to the cryptomime industry.

On October 8, blockchain-based O(1) Labs Operating Corp. announced the appointment of Goldman Sachs‘ former in-house counsel and Kirkland & Ellis LLP associate Sang Joon Kim as general counsel.

On October 7, the Gemini Trust Co. LLC appointed Andy Meehan, former chief legal officer of Morgan Stanley’s global financial crimes division, as director of compliance for the Asia Pacific region.

And last Wednesday, a venture capital firm Andreessen Horowitz announced the appointment of former New York Stock Exchange regulator Anthony Albanese to work on cryptomorphic religion issues.

These moves coincide with the US regulators‘ efforts to legalise the Bitcoin Loophole. Previously, the U.S. Department of Justice issued official guidelines for the cryptomime market and held it accountable.

Erich Dylus, Vedder Preço’s aviation finance lawyer during the day and member of legal engineering DAO LexDAO, told Cointelégrafo that the hiring could be a sign that the legal world is recognising the growing influence of cryptoactives:

„Some lawyers are discovering an exciting frontier that needs legal guidance – it shows the mature nature of cryptomorphs and the industries adjacent to cryptoactives“.

Bitcoin-Milliardär Chamath Palihapitiya erklärt Strategie zur Erlangung finanzieller Freiheit

Der Bitcoin-Milliardär und Gründer des Risikokapitalfonds Social Capital Chamath Palihapitiya teilt seine Strategie zur Erlangung finanzieller Freiheit mit.

In einem neuen Interview mit Shane Parrish von The Knowledge Project sagt Palihapitiya, dass der Aufbau eines Netzwerks von Menschen mit gemeinsamen Werten und einem gemeinsamen Identitätsgefühl und die Arbeit an einem gemeinsamen Ziel eine starke Grundlage bilden kann, die der Einzelne nutzen kann, um finanzielle Freiheit zu erlangen.

„Wenn wir den Menschen einen vernünftigeren Fahrplan geben können, in dem sie ihn ausführen können, können sie lernen und eine Gemeinschaft von Gleichgesinnten haben, die sich die Zeit und die Arbeit nehmen und sich gegenseitig über fünf, zehn, fünfzehn, zwanzig Jahre hinweg helfen können, um Kapital zu sammeln, egal wie klein, aber nur um anzufangen, dann wären Sie meiner Meinung nach überrascht, wie viele Menschen intellektuell in der Lage sind, allein finanzielle Freiheit zu erlangen. Und ich glaube, dass es einen Weg aus diesem sehr deprimierenden Zustand, in dem wir uns befinden, gibt.

Als Beispiel hebt Palihapitiya seine Erfahrungen innerhalb der Tesla-Gemeinschaft hervor. Im Jahr 2015, so Palihapitiya, habe er eine Gemeinschaft von Investoren gefunden, die ihm Wissen über das Unternehmen vermittelt hätten, was ihn dazu veranlasste, auf Elon Musk zu setzen.

„Es gab so viel Wissen, das uns das Gefühl gab, die richtige Entscheidung zu treffen. Es existierte in diesem langen Schwanz von Leuten, die es auf sich nahmen, eine Gemeinschaft aufzubauen, die das Unternehmen verstehen wollte, nicht unbedingt, um ein blinder Cheerleader zu sein, aber sie würden wirklich hingehen und doppelklicken, und sie machten eine Arbeit, die unglaublich war.

Palihapitiya sagt, dass die Wirtschaft in eine neue Ära eingetreten ist, in der alles fraktioniert werden kann und der Durchschnittsbürger seinen Anteil an einem Vermögenswert übernehmen kann, der zum Greifen nah ist.

„Wir beginnen, alles zu finanzieren. Wir fangen an, alles zu finanzieren, was man sich vorstellen kann.

Früher war es so, dass man nur Turnschuhe kaufte. Jetzt kauft und verkauft man Turnschuhe, und der Marktplatz, der darin führend ist, GOAT, gab heute gerade bekannt, dass er 200 Millionen Dollar zu einer Bewertung von fast zwei Milliarden Dollar aufgebracht hat… Sie haben Schuhe im Wesentlichen fraktioniert.

Was seine Haltung zu Bitcoin Rush, Palihapitiya betrifft, so sagt er, dass er bei der Krypto-Währung Nummer eins weiterhin optimistisch bleibt.

„Ich denke, dass wir die finanzielle Orthodoxie demontieren, und bei dieser Demontage und bei der Angleichung des Spielfeldes wird es Momente der Volatilität geben, und einen kleinen Versicherungsbetrag zu haben, der nicht mit der Orthodoxie korreliert ist. Das ist einfach eine kluge Sache des Risikomanagements“.