Justitie levert vermeende BTC-mijnbouw Ponzi-operator uit Panama uit

Het leiderschap van de AirBit Club is verzameld in New York City en zal worden aangeklaagd voor het stelen van „lidmaatschapsgelden“ om enorme marketingevenementen en een uitbundige persoonlijke levensstijl te financieren.

Volgens een aankondiging van maandag hebben het Amerikaanse ministerie van Justitie en het zuidelijke district van New York uit Panama een leider uitgeleverd van de vermeende Ponzi-regeling AirBit Club

Gutemberg Dos Santos is een van de zes operators van AirBit Club die worden aangeklaagd, en de laatste die de VS is binnengekomen om voor de SDNY terecht te staan. Dos Santos heeft de dubbele nationaliteit van Brazilië en de Verenigde Staten. Autoriteiten aanvankelijkarresteerde vijf van de zes in augustus , met een zesde vermijdende autoriteiten tot oktober.

Het DoJ beweert dat AirBit Club „lidmaatschappen“ heeft verkocht die een gegarandeerd rendement beloofden. De zes exploitanten brachten hun opbrengsten op de markt als het product van de mijnbouwactiviteiten en handelsstrategieën van de club. Volgens het DoJ bestonden die operaties niet. In plaats daarvan gingen de contributies naar het financieren van verdere marketing over de hele wereld, inclusief massale evenementen om nieuwe leden te werven en jetset-levensstijlen voor zichzelf.

Sommige van deze evenementen zijn te zien op de nog actieve website van AirBit Club, waarvan de meest recente vorig jaar plaatsvond in Sao Paulo, Brazilië

Eén van de zes aangeklaagd was Scott Hughes, een Californische advocaat die het DoJ beweert, geholpen AirBit Club leiderschap „van, onder andere, helpen om negatieve informatie over AirBit Club en Vizinova van het internet te verwijderen“ – mogelijk door te dreigen smaad kostuums aan sluit afwijkende meningen.

Hughes wordt er ook van beschuldigd de operatie te helpen bij het witwassen van inkomsten via verschillende klantrekeningen.

Een van de beroemdste Ponzi-schema’s in crypto is PlusToken, dat onlangs zag dat meer dan $ 4 miljard aan crypto-activa in beslag werd genomen door de Chinese overheid.

LES TRADERS PRÉVOIENT QUE LE BITCOIN CONNAÎTRA UNE „PÉRIODE DE REFROIDISSEMENT“ EN RAISON DE LA SURCHAUFFE DU RALLYE

  • Bitcoin est pris dans une phase de consolidation depuis que son prix a explosé jusqu’à son récent sommet de 18 600 dollars
  • La pression de vente qui existait ici était importante et a déclenché une baisse de plus de 1 000 dollars qui a finalement été absorbée par les taureaux
  • Cette action sur les prix n’a guère permis de donner un aperçu de ses perspectives à court terme, car les taureaux et les ours ont montré des signes de force
  • Le fait qu’il puisse ou non se casser et se maintenir au-dessus de 18 000 dollars devrait donner un aperçu sérieux de ses perspectives à court terme
  • Un opérateur s’attend à une phase de „refroidissement“ au cours de laquelle la CTB diminuera ou à une phase de consolidation
  • Il note que ce type de tendance à court terme serait „plus que bienvenu“ compte tenu de la force du récent rallye

Bitcoin montre des signes de perte d’élan suite à sa reprise massive depuis ses récents bas de 10 000 dollars.

La crypto s’échange à près de 80 % de son niveau d’il y a quelques semaines, et sa capacité à augmenter à court terme devrait dépendre en grande partie de la résistance à 18 000 $.

En début de semaine, la BTC a fait face à un sinistre rejet à 18 600 $ qui a ralenti son ascension et l’a fait plonger plus bas.

La phase de consolidation observée depuis lors pourrait marquer une phase de „refroidissement“, ce qui signifie qu’un léger recul pourrait être imminent à court terme.

BITCOIN PEINE À SE MAINTENIR AU-DESSUS DE 18 000

Au moment où nous écrivons ces lignes, Bitcoin se négocie à peine à un cheveu de 18 000 dollars à son prix actuel de 17 950 dollars. Ceci marque une hausse notable par rapport à son plus bas niveau sur plusieurs jours de 17 400 $, mais une baisse par rapport à son plus haut niveau de 18 600 $.

Parce qu’il s’échange carrément entre ces deux niveaux, ses tendances à court terme peuvent dépendre en grande partie de la possibilité ou non de faire basculer le niveau d’équilibre de 18 000 $ en soutien.

La capacité à le faire pourrait être l’impulsion pour une autre jambe plus haute.

LE TRADER AFFIRME QUE LA BTC POURRAIT ENTRER DANS UNE PÉRIODE DE „REFROIDISSEMENT

Un trader pense que Bitcoin pourrait entrer dans une période de refroidissement après son récent rebond, ce qui signifie qu’il pourrait dériver nettement plus bas avant de voir une autre parabole monter.

„BTC : les mouvements expansifs à la hausse voient souvent une période de refroidissement, une prise de profit etc. Une étape de correction est plus que bienvenue. Je me paie !“

L’évolution de la CTB au cours des prochains jours devrait dépendre en grande partie de sa réaction continue à 18 000 dollars. Toute rupture ferme au-dessus de ce niveau, ou tout rejet en dessous, pourrait même donner le ton pour le reste de l’année 2020.

O CEO da Softbank vendeu Bitcoin com um prejuízo de US$ 130 milhões depois de ter se „distraído demais“.

Masayoshi Son não está tendo o maior dos anos nos últimos tempos. Seu fundo de risco armazenado de 50 bilhões de dólares sofreu perdas maciças em 2019, com o início das atividades WeWork e Uber vendo desvalorizações de bilhões de dólares em seus preços de marca.

Mas os investimentos pessoais de Son também não foram tão bons. Segundo um novo relatório da Business Insider, o magnata japonês registrou uma perda espantosa de US$ 130 milhões em seu investimento no Bitcoin em 2018, depois de ter comprado US$ 200 milhões da moeda criptográfica pioneira.

Sua razão? Distraindo-se frequentemente com a volatilidade do ativo.

A volatilidade do Bitcoin Billionaire não é para estômagos fracos. Ela permanece no modo de descoberta de preços, doze anos após o lançamento, e é conhecida por flutuar em vários pontos percentuais por dia. E embora isso seja vantajoso para pequenos investidores que procuram volatilidade para construir sua carteira – isso poderia significar ver uma mudança de carteira de dezenas de milhões de dólares por dia para investidores da velha guarda como o Son, levando a questões de risco.

„Não entendi Bitcoin“.

O filho, que estava falando na conferência do NewDealBook do New York Times, também acrescentou que ele não „entendia“ totalmente Bitcoin, apesar de puncionar milhões de dólares. Ele observou que ele estacionou 1% de seu patrimônio líquido na ocasião por sugestão de um amigo, e passava cinco minutos por dia olhando para os preços.

O magnata então disse que achava o investimento „distraindo [seu] próprio foco no [seu] próprio negócio“, antes de se cansar rapidamente de verificar os preços do Bitcoin todos os dias. O filho estima que ele perdeu cerca de 50 milhões de dólares.

No entanto, um relatório do Wall Street Journal sugere que as perdas de Son estavam mais próximas de US$ 130 milhões – sobre todo o limite de mercado de alguns altcoins de baixa classificação.

Enquanto isso, enquanto Son está feliz por ter terminado com Bitcoin, ele disse na conferência que as moedas digitais „não vão embora tão cedo“. Ele observou:

„Eu acho que a moeda digital será útil. Mas não sei que moeda digital, que estrutura, e assim por diante“.

Bitcoin tem visto uma espécie de ressurgimento este ano e está a caminho de imprimir um novo ponto alto de todos os tempos. O ativo negociado em março deste ano chegou a 3.700 dólares, mas ultrapassou o valor de 18.200 dólares esta semana em meio a uma adoção maior e uma demanda mais forte por sua narrativa „ouro digital“.

Acabou até mesmo atraindo investidores como Paul Tudor Jones, gerente de hedge fund, e Micheal Saylor, CEO da empresa de software da MicroStrategy, por suas propriedades globais semelhantes a hedge. A empresa deste último adquiriu mais de US$ 475 milhões em Bitcoin em outubro (os lucros são supostamente superiores a US$ 175 milhões desde então).

A Bitcoin, atualmente classificada como número 1 por limite de mercado, aumentou 3,54% nas últimas 24 horas. A BTC tem um limite de mercado de $345,74B com um volume de 24 horas de $37,65B.

The new WordPress plug-in allows content to be tagged in the Ethereum blockchain.

The new WordPress plugin allows users to record the date and time of publication of articles in the Ethereum blockchain.

The plugin, developed by the Amsterdam-based WordProof startup, is designed to protect copyrights, increase transparency in the creation and ownership of content, and track content manipulation. According to research company W3Techs, WordPress supports almost 39% of all websites and has a 63% market share of websites using CMS.

According to the plugin website, users do not need prior experience with the blockbuster. The time stamp creates a „unique and universal imprint“, also known as a „hash“ for all messages, pages and media content. If the content changes somehow, the hash will also change. The hash is added to the Ethereum blockchain with a date and time so that users can prove that they have published the content at a particular point in time.

WordProof Product Manager Jelle van der Schut said the company aims to provide users with the most convenient tool to create time stamps on all CMS and e-commerce platforms. The plugin also supports EOS and Telos blockbusters.

WordProof won this year’s European Commission grant of €1 million, winning the Blockchains Profit Revolution For Social Good competition. The startup has outperformed 175 other teams from across Europe.

This is not the first attempt to integrate crypto technology into WordPress. In April 2020, Blockchains Draper Goren Holm released the first WordPress plugin with support for the Decentralised Exchange (DEX). The plugin helps website owners integrate a feature that allows their visitors to exchange cryptographic tokens and stablecoins.

A BTC parameter has reached the belief zone for the first time in 15 months

Glassnode data indicates that Bitcoin has entered the belief zone for the first time since July 2019, indicating the beginning of a bullish cycle.

Bitcoin (BTC) could be in the initial phase of a new big bullish cycle, as suggested on October 27th by a fundamental on-chain parameter. The first cryptocurrency has entered the „belief zone,“ which historically marked the beginning of explosive rises.

According to Glassnode, the last time the Net Unrealized Profit/Loss (NUPL) reached the belief zone was in June 2019. In the following month, Bitcoin saw an increase from about $7,500 to $13,868, more than 80%.

Bitcoin’s NUPL traced on the daily historical Bitcoin Fortune chart
The Bitcoin NUPL plotted on the daily historical chart. Source: Glassnode
What is NUPL and why does it indicate the start of a Bitcoin bull run?
The NUPL parameter essentially measures how many Bitcoin owners are in profit or loss. If the parameter increases, it means that more investors are in positive since they bought BTC.

Glassnode researchers calculate the NUPL by evaluating the price of Bitcoin when it arrives at a new address.

Since a new buyer must keep BTC at an address never used before, newly created addresses usually mean BTC just bought. The researchers have explained:

„The number of UTXOs in profit/loss is calculated in a linear way: we simply count all existing UTXOs whose price at the time of creation was lower or higher than the current price, respectively“.
At the moment, over 50% of Bitcoin’s market cap is represented by unrealised profits. This means that the vast majority of BTC owners and investors are profitable.

Despite the possible negative interpretation of the parameter that investors might start selling, historically the NUPL should reach a much higher level to signal a maximum. Glassnode commented:

„Bitcoin investor sentiment: The Net Unrealized Profit/Loss (NUPL) has been in the ‚Belief‘ zone for a week. Currently, over 50% of BTC’s market cap is made up of unrealised profits, a level not seen since August 2019“.
During 2017, Bitcoin remained in the Belief zone for an extended period of time, compared to an increase in 2019. A similarly extended accumulation phase may emerge in 2021 due to the post-halving cycle.

Analysts often attribute the 2017 bull run to the post-halving cycle. In July 2016, Bitcoin witnessed its second block reward halving. This event halved the program to issue new BTCs, directly affecting its offering. One year after the halving, BTC began its parabolic growth.

The most recent halving took place in May 2020. If such a pattern were to form, BTC could continue to grow throughout 2020 and until the second half of 2021.

The psychology of a market cycle and the belief zone
The psychology of a market cycle and the belief zone. Source: TradingView.com
What analysts forecast for BTC’s short-term trend
In the short term, analysts and traders expect the Bitcoin price to see a pullback to a healthy consolidation phase.

Santiment researchers have said that on-chain and social media parameters are showing worrying signs, perhaps because BTC is starting to overheat:

„This weekend we looked at the sustainability of $BTC above $13,000. At the moment, our on-chain and social media parameters are showing more worrying signs than encouraging ones.
Unlike the 2017 bull run, BTC’s current rise has been more sustainable. It has established a large number of important levels of support and resilience, reducing the likelihood of a huge correction.

Translated with www.DeepL.com/Translator (free version)

Can Bitcoin be used for money laundering?

Chamber of Deputies has set up a Committee of Jurists to examine the issue

The House of Representatives initiated at the end of September a commission with 19 jurists to present a draft bill that modifies the current Money Laundering Law. The measure may indirectly impact the cryptomoeda market, since Bitcoin Era may be being used for this purpose as well.

Dario Messer, an investigator at the Lava Jato operation in Rio de Janeiro, said last month in an award-winning indictment that there are money laundering schemes involving the use of cryptomorphs.

In his statement, Messer said that the doleiros now compete with young people of broad domain with computers and that they operate often outside Brazil.

In less than a month after that episode, the president of the House of Representatives, Rodrigo Maia, decided to install a commission with jurists, academics and law researchers which will be coordinated by the minister of the Superior Court of Justice (STJ) Reynaldo Soares da Fonseca.
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Fonseca, in an interview with Radio Câmara, said that money laundering was a new crime and that before there was only the law that dealt with crime against the financial system.

According to the minister, the crime of money laundering consists in „the process of hiding the origin of irregularly obtained money to hide it within legitimate economic activity.

Money laundering with bitcoin

On this point, the criminal lawyer Fernando Henrique Cardoso, a partner in the law firm Cardoso, Siqueira e Linhares, explained that money is laundered not only with cryptomorphs, but with anything. Cryptomorphs, however, bring an ease in hiding assets.

„Since there is no regulatory agency on digital assets, there is an ease in making these assets untraceable. Unlike the money bill, cryptomoeda has facilities such as sending to various parts of the world and in an agile way, which helps to facilitate the concealment of the origin of goods.

According to the STJ minister, who will coordinate the commission for the draft, this type of crime „involves drug trafficking, extortion and corruption crime and covers R$ 6 billion in Brazil and R$ 1 trillion in the world.

Fonseca mentioned that, according to the UN (United Nations Organization), the world’s cyber crimes involve US$ 720 billion, which already shows the effects of technology in favor of crime.

Federal Revenue Solution

Marcio Ávila, professor of International Tax Law at the Universidade Federal Fluminense (Uff) explained that „the fight against this crime, especially when practiced with the use of cryptomorphs, depends on the broad access to information,“ since Law 9.613/98 (Law of money laundering in force) brings that this crime occurs with the concealment of the origin or location of the asset.

Ávila mentioned that the Federal Revenue Service in Brazil (RFB) took a step forward when it instituted IN 1.888/19, by which it disciplined „the obligation to provide information related to operations carried out with cryptoactives to the Special Secretariat of the Federal Revenue Service of Brazil.

He explained that with this information, the IRS, faced with the suspicion of a crime of money laundering, could communicate the fact to the Federal Public Ministry.

„Art. 11 of the IN is clear in determining that communication to the Federal Public Prosecutor’s Office may be formalized when there is evidence of a money laundering crime“.

The STJ minister had said that the Commission should technically analyze whether the current law in force dealing with money laundering needs to be reviewed without any pretence of change.

Cardoso believes the Commission should analyze whether the law has fulfilled its role in the field of prevention. The risk to the cryptomaniac market from his point of view will only be of greater regulation.

„What it may have is a series of regulations on places that market cryptomoquids to adopt stronger money laundering prevention policies. This will be to attest to Coaf for example that the market follows the care to avoid this type of risk“.

Ávila said that the IRS, with the Normative Instruction adopted, „is in line with the international standards of taxation of the OECD“ by charging more transparency in operations with cryptomoeda. He said that this is „one of the pillars of the Erosion and Profit Shifting Base (BEPS) of the OECD – which also has Action Plan No. 1 on the digital economy and whose item 3.2.2 deals with virtual currencies“.

Coinbase wants to support two Bitcoin developers with grants

Coinbase has decided to sponsor at least two crypto core developers who are part of the crypto community. The search for scholarship holders began on October 15, 2020.

On October 15, 2020, the crypto trading platform Coinbase announced it would sponsor at least two Bitcoin developers who contribute directly to the Bitcoin Future platform codebase or to closely related Bitcoin projects.

The company’s goal is to create “an open financial system” for everyone

We believe that helping the crypto economy to connect and grow is vital to building an open financial system for the world. Our Crypto Community Fund aims to grow and improve the entire crypto industry while making it easier and safer for everyone to use. If successful, we intend to expand the program to other types of projects and crypto communities.

In the following, Coinbase turned to the community. Bitcoin core developers can now be advertised or nominated for sponsorship. The incoming suggestions would then be judged by current Bitcoin Core developers and key community members. The final decision will be made by Coinbase itself. Coinbase commented on the appeal as follows:

We are happy to fund projects almost anywhere in the world. While we’d like to focus on one-year developer grants, we also encourage people or teams with shorter projects to apply. If successful, we hope to grow the Crypto Community Fund over time.

Coinbase’s “openness” under discussion

On September 27, 2020 expressedBrian Armstrong, Coinbase’s Chief Executive Officer, on the company’s internal values. He spoke out in favor of a kind of political ban on discussion. BTC ECHO reported at the time. Armstrong Ars said that one should be careful not to lose sight of one’s goal. After all, Coinbase is a for-profit company. He also wants his employees to distance themselves from political and social discussions and to concentrate explicitly on their own products and customers.

I want Coinbase to focus on achieving its mission because I believe that this is how we can have the greatest impact on the world.

Jack Dorsey, co-founder of the payment company Square, criticized Armstrong’s statements. His corporate policy views of not debating politics at work would fundamentally contradict the purpose of cryptocurrency like Bitcoin . Meanwhile, Dorsey welcomed off via Twitter for promoting the Bitcoin Core developers.

ECCO PERCHÉ BITCOIN È NELLA TERRA DI NESSUNO DA UN PUNTO DI VISTA TECNICO MENSILE

  • Bitcoin è attualmente nella terra di nessuno da un punto di vista tecnico mensile, dicono gli analisti.
  • La crittovaluta dovrà muoversi decisamente sopra i 12.000 dollari o sotto i 10.000 dollari per confermare la sua direzionalità.

BITCOIN SI TROVA NELLA TERRA DI NESSUNO SU UN ARCO DI TEMPO MENSILE

Bitcoin può trovarsi nella terra di nessuno su un arco di tempo mensile, nonostante l’azione dei prezzi estremamente forte nelle ultime settimane e negli ultimi mesi. Un analista ha condiviso il grafico sottostante il 28 settembre, mostrando che la crittovaluta è ancora al di sopra di un supporto tecnico cruciale e al di sotto di una resistenza orizzontale a 12.000 dollari.

La crittovaluta dovrà superare uno di questi livelli per confermare la sua macro direzionalità.

Commentando il grafico, l’analista Bitcoin in questione ha scritto:

„Nel complesso sono rialzista, a meno che non chiudiamo sotto il supporto di EMA. Questo mensile non è necessariamente ribassista, ma non è super rialzista nemmeno per me. Questo sembra un modello che vedrà un acquisto lento fino a 11.650 dollari di area dove cercherò il rifiuto o una svolta“.

Josh Rager, un altro analista di crittografia, ha in qualche modo fatto eco ai punti sollevati dal suddetto analista.

Più o meno come l’ultimo grafico è stato condiviso, Rager ha condiviso il grafico sottostante. Mostra anche che il Bitcoin Profit si trova tra due livelli critici: una resistenza di circa 12.000 dollari e un supporto di circa 10.000 dollari.

Sul grafico, l’analista e co-fondatore di Blockroots ha spiegato:

„La chiusura settimanale sembra buona e non so perché la gente continua ad essere troppo ribassista. Bitcoin ha ottenuto un ritiro a breve termine e il -20% non è niente di insolito. Bitcoin continua a crescere e per la terza settimana consecutiva ha chiuso sopra la zona di supporto da 9900 a 10.175 dollari. $11ks prossimo“.

 

Bermuda Stock Exchange wird Gastgeber

BTC-Volatilität – Bermuda Stock Exchange wird Gastgeber des ersten Bitcoin-ETF

Der weltweit erste börsengehandelte Bitcoin (BTC)-Fonds oder ETF soll an der Bermuda Stock Exchange (BSX) eingeführt werden. Laut einer offiziellen Erklärung, die von der BSX veröffentlicht wurde, wird der neue Bitcoin ETF als Hashdex Nasdaq Crypto Index ETF bekannt sein. Darüber hinaus werden 3 Millionen Aktien der Klasse E auf den Markt gebracht.

Der neue Bitcoin ETF wurde dank des brasilianischen Fondsmanagers Hasdex lanciert, der einen Vertrag mit der Nasdaq unterzeichnet hat, um Anlegern ein sicheres und reguliertes Bitcoin ETF-Produkt bei Bitcoin Code anzubieten. Dies würde Unternehmen und Anwendern helfen, sich auf dem Kryptomarkt über eine traditionelle Anlageplattform zu bewegen.

Berichten zufolge ist es das Ziel, den ETF bis Ende 2020 funktionsfähig zu haben. Hashdex hat daran gearbeitet, eine sichere, aber auch benutzerfreundliche Jurisdiktion zu finden, in der es einen Bitcoin-ETF auf den Markt bringen kann, und hat sich für Bermuda entschieden, da es als kryptofreundliche Plattform angesehen wird, auf der Kryptofirmen ihre Dienstleistungen erweitern können.

Mit dem Bitcoin ETF haben Anleger die Chance, sich auf dem Kryptomarkt zu engagieren, ohne Bitcoin kaufen und halten zu müssen. Dies ist unglaublich nützlich, da sich die Anleger keine Sorgen um die Verwahrung machen müssen.

Der weltweit erste Bitcoin ETF

Hashdex‘ Chief Executive Marcelo Sampaio erklärte, dass der ETF erstaunliche Auswirkungen auf den Kryptosektor haben wird und dass neue Investoren die Möglichkeit haben werden, über eine regulierte Plattform Zugang zur Branche zu erhalten.

Darüber hinaus merkte er an, dass es „Milliarden von Dollar“ gibt, die bereit sind, in einen Bitcoin ETF zu investieren, wenn dieser letztendlich in den Vereinigten Staaten aufgelegt wird.

Über einen möglichen Bitcoin ETF in den Vereinigten Staaten sagte Sampaio: „Ich werde Ihnen die größte Chance Ihres Lebens geben: Sie werden einen ETF über die Grenze bringen. Es werden Milliarden von Dollar laut Bitcoin Code in sie fließen. Jeder Pensionsplan wird etwas Geld dafür bereitstellen. Jedes Family Office wird etwas Geld dafür bereitstellen. Und je mehr der Preis steigt, desto mehr werden sie dafür bereitstellen.

Während der letzten Jahre wurden der U.S. Securities and Exchange Commission (SEC) zahlreiche Vorschläge zur Einführung eines Bitcoin ETFs vorgelegt, aber keiner von ihnen wurde genehmigt.

A successful start: „Binance Smart Chain“ (BSC) goes live

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Binance launched its in-house Smart Chain BSC at the beginning of the month and wants to compete with Ethereum in the future

Just in time for the beginning of the month, Binance published a blog post,that the in-house “Binance Smart Chain ” (BSC) was finally launched. Only five months after the first presentation in April 2020, BSC is a blockchain that is compatible with the Ethereum Virtual Machine (EVM). A Proof of Staked Authority (PoSA) algorithm is used as the consensus algorithm. The native Binance Token BNB is used for this. The blog entry states: “BSC is creating an ecosystem in which validators, token holders, developers and users all benefit from the advantages of a blockchain. They are characterized by high performance and offer plenty of room for further innovations. “

BSC – a parallel blockchain

The Binance Smart Chain is a „parallel blockchain“ that gives the Binance Chain programmability and works as a two-chain system. This makes it possible to use smart contracts that are fully compatible with the Ethereum Virtual Machine (EVM). This enables users to create and use the advantages of high-speed transactions on the one hand (BC) and their decentralized applications on the other (BSC). As a result, among other things, the transaction costs are lower than with Ethereum. However, the performance is consistently good and the DeFi interoperability is improved.

The right time ?

For Wilson Withiam, researcher at the analysis firm Messari, it is clear that the BSC can be such a direct competitor to Ethereum – and above all that it comes at exactly the right time. Because the demand in the area of ​​decentrialized finance (DeFi) is picking up speed. Price explosions from Compound, Aave and other protocols are attracting more and more crypto investors. The crypto market is booming and the Ethereum blockchain is apparently reaching its limits. Any weaknesses in terms of scalability and transaction costs emerge.

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Users have to search for suitable alternatives accordingly. One possible answer can therefore be the Binance Smart Chain. Of course, it is not yet possible to say whether the new blockchain will ultimately be accepted and how it will work directly on the market. It should not fail in terms of financial resources. After all, Binance is the largest crypto exchange in the world. In the past few months, Binance had already made acquisitions worth hundreds of millions of dollars.