Archiv für das Jahr: 2020

New Bitcoin all-time high gives Ethereum, Ripple and Litecoin wings

The breakout of the crypto loan currency Bitcoin (BTC) above 20,000 US dollars also caused prices to rise significantly on the overall market. While Ethereum (ETH) and Litecoin (LTC), newly included in the analysis, have already generated new highs for the year, Ripple’s price (XRP) is still struggling with the consequences of the airdrop in the previous week.

Ethereum can also gain significantly in the wake of the bullish outbreak of the crypto key currency Bitcoin and generate a new annual high of 678 US dollars. Should Bitcoin not develop a double top in the range of 23,800 US dollars, Ethereum will again target price targets above 700 US dollars. However, if the price falls back below the low of 622 US dollars, a possible double top should not be ignored.

Bullish variant (Ethereum)

The correction in the previous week only lasted briefly. After the ether price regained the EMA20 (red), the price rose back to its high for the year of 637 US dollars. In the course of the new Bitcoin all-time high, Ethereum also generated a new annual high of 674 US dollars. Although the price corrected back to 625 US dollars for a short time, it is currently rising again northwards and is quoted at 655 US dollars. If the breakout above the new annual high and the 78 Fibonacci retracement at 678 US dollars is also overcome, a breakthrough to 720 US dollars is likely.

However, this initial price target is only to be viewed as an intermediate target on the way towards the strong resistance area between $ 803 (Fibonacci extension 361) and $ 842. If the bulls manage to heave the ether price sustainably over this resist zone in the course of a further increase in the overall market, an increase to the 925 US dollar and a maximum of 1002 US dollar cannot be ruled out. The 461 Fibonacci retracement is to be seen as a medium-term price target for the next 4 weeks

Bearish variant (Ethereum)

If, however, the ether price bounces off significantly to the south and also falls back below the 590 US dollar (EMA20), the area around 550 US dollars moves again into the focus of investors. If this support is sustainably undershot and the last low at USD 531 does not stop there, the correction threatens to expand towards USD 515. If the bulls cannot stabilize Ethereum at this support, a price decline to the multiple support at 489 US dollars should be planned. This is where the last significant high from September 2020 takes place. If this area is also broken dynamically, a decision will be made on the course direction for the coming weeks. The 50s Fibonacci retracement, the EMA100 (yellow) and the green uptrend line run in the area of ​​460 US dollars.

If this multiple support does not hold, the correction gains momentum and should initially push the price to around $ 440. The breakout level from November 2020 can be found here. If this support is also given up, an extension of the correction to the next support levels at US $ 420 and US $ 409 is likely. A direct drop in the price to 383 US dollars is also conceivable. The EMA200 (blue) runs here. In addition, this price mark was often relevant in the past. However, as long as the ether price continues to trade above the 531 US dollar, price targets on the upside are to be favored.

Digital education with blockchains

The technology “blockchain”, in English “chain of blocks”, has been known for several years – especially since the success of Bitcoin. The education industry is also gradually becoming interested in this technology and exploring the first possible applications. A look at initial approaches and other possible use cases.

Blockchain: A chain of information

Blockchain is a chain of information. Depending on the industry in which the blockchain is used, the information involved is very different: In the financial industry, account numbers or purchases made are stored in the blockchain, in the real estate industry it consists of rental contracts, rental payment confirmations or ancillary cost statements. In the education sector, for example, it is assessments such as grades or the individual solution to a math problem. But what are the advantages of a blockchain? To answer this question, three properties of the blockchain are important: its sequence, its network, and its security.

Blockchain: the order is crucial

In the blockchain, all information is chronologically linked in a chain. Each piece of information is stored as a block – as a link in the chain. An example: Two pieces of information about a student, the mathematics exam on March 21 and the censorship: 11 points, are linked together. The blockchain provides both pieces of information with an encrypted check digit, a so-called hash, and a time stamp. This hash is now the same on block 1 – mathematics exam on March 21 – and block 2 – censorship: 11 points – the same.

That means: Block 1 and Block 2 are inextricably linked, only Block 2 can follow Block 1. The order of the blocks is therefore exactly determined. If many blocks are chained in this way, a blockchain is created. Taking the math grades as an example, it could look like this: „Certificate grade 1st semester: 12 points – Math exam on March 21 – Censorship: 11 points – Exam on May 14 – Censorship: 9 points – Math exam on July 3 – Censorship : 13 points – Certificate grade 2nd semester: 11 points “.

Blockchain as a network

A blockchain like this is part of a network. You need a special program to enter the network with your own computer. Members of the network for the math blockchain from the example above are all persons who are related to this student’s math exams, for example the math teacher, the student, the math examiner, the headmaster and others. A scenario: The student from the example above is dissatisfied with his grade, 11 points in mathematics, because he is aiming for a degree with a high numerus clausus. Shortly before the grades close, he sneaks into the staff room and forges his own math grade in the grade index of his course: He gives himself 13 points. Such manipulation is not possible in the blockchain. Is someone trying to change the blockchain this is immediately registered by the blockchain network. If only one block changes, e.g. censorship, within the blockchain, the hashes – the check digits – of the adjacent blocks no longer match.

La verdad acerca de la venta de Bitcoin a 18.000 dólares

Lo hemos escuchado incontables veces en los últimos meses. „Bitcoin HODLing ha alcanzado una nueva altura y la acumulación está en su punto más alto“; es cierto, pero la realidad es que hay una fina línea entre la comprensión de tal sentimiento y la aceptación de sus hechos.

Bitcoin HODLing ha sido definitivamente una tendencia en el 2020 y los números no mienten. Sin embargo, era imperativo entender cuando estos HODLers empiezan a cambiar de marcha. La clasificación de tal narrativa depende de la diferencia entre los HODLers de largo y corto plazo, y el reciente informe de Glassnode indicó algunos desarrollos sorprendentes.

Bitcoin registró otro hito en 2020 al superar los 18.000 dólares en las últimas horas. Aunque tal valoración debería llevar a los HODLers a seguir manteniendo sus bases, el objetivo final sigue siendo „vencer al mercado“ y explotar los sentimientos de precios más altos.

Según un estudio de Rafael Schultze-Kraft, CEO de Glassnode, el suministro de HODLers a largo plazo estaba disminuyendo como se vio el 17 de noviembre. Sorprendentemente, tal cambio en HODLing es común durante el inicio de una corrida de toros. Ahora, la idea errónea común con respecto a los Hodlers de Largo Plazo ha sido que estas son entidades que han estado manteniendo BTC durante años. Eso es correcto, pero de acuerdo con el cálculo, cualquiera que retenga BTC por más de 155 días cae en esta categoría.

El cambio de posición neto de los poseedores a largo plazo indica la misma disminución.

Esto es, de hecho, lo que la comunidad no ha entendido sobre HODLing hasta ahora. Mientras que 12 millones de BTC bajo Hodlers de Largo Plazo están obteniendo ganancias, los Hodlers de Corto Plazo con 3.5 millones estaban recortando una ganancia similar del mercado. Ambos al 97%.

¿Qué diferencia hace entonces LTH o STH Bitcoin Hodling?

Como se mencionó anteriormente, el principal objetivo de la holding sigue siendo batir el mercado durante tales mítines. Durante las últimas 24 horas, más de 300.000 Bitcoins de LTH salieron del mercado a 17.800 dólares, pero el precio subió justo después de unas horas a 18,5 mil dólares en el momento de la impresión. Mientras que los 300.000 BTC salieron con beneficios, Short-Term Hodlers hizo un pico como se ilustra en el gráfico de abajo.

Por lo tanto, la narrativa que todos los Hodlers de Largo Plazo siguen manteniendo la posición podría no ser completamente exacta. Es sólo un fino equilibrio entre la entrada y la salida entre el suministro de STH y LTH durante el actual repunte alcista.

El sentimiento de Bitcoin HODLing continuará subiendo en los mercados pero es imperativo entender que la rentabilidad es lo que impulsa a Hodling y no la acción del precio en sí. Aunque pueda parecer lo mismo, la diferencia anterior entre Hodlers de corto y largo plazo explica el sentimiento impulsor.

Pennsylvania und Michigan befinden sich noch im Online Gambling Legalization Mix 2017

Verschiedene Staaten haben im Laufe der Jahre nach Einführung des Gesetzes zur Durchsetzung des illegalen Internet-Glücksspiels im Jahr 2006 versucht, One Casino Online-Glücksspiele zu legalisieren, aber nur wenige haben es geschafft. Es gab so viele Gesetzesfehler, die hauptsächlich auf den Mangel an ausreichender Unterstützung durch den Gesetzgeber sowie auf den starken Anti-iGaming-Lobbyismus zurückzuführen waren , dass Nachrichten über den einen oder anderen Staat, der eine Legalisierung des Online-Glücksspiels einführt, jetzt allgemein mit großer Skepsis aufgenommen werden.

Eine Reihe von Staaten hat seit Anfang des Jahres mehrere iGaming-Rechnungen eingeführt, die meisten wurden jedoch vom Gesetzgeber abgelehnt. Es gibt jedoch zwei Staaten, in denen die Bemühungen um Online-Glücksspiele noch andauern und genügend Zeit haben, um vor Jahresende in Gesetze umgesetzt zu werden.

Pennsylvania sucht nach wiederkehrenden Einnahmequellen und iGaming wird als eine potenzielle Quelle für solche Einnahmen angesehen. Auf der anderen Seite hat sich Michigan Anfang dieses Jahres als dunkles Pferd herausgestellt und hat trotz mehrerer kleiner Schritte gleichzeitig große Chancen, seinen Glücksspielmarkt für Internetdienste zu öffnen. Weitere Informationen zu den Legalisierungsbemühungen und -kämpfen der beiden Staaten finden Sie weiter unten.

Pennsylvania

Der Legalisierungsschub für Online-Glücksspiele in Pennsylvania erstreckt sich über mindestens fünf Jahre. Und der Gesetzgeber, der diese Idee unterstützt, hat verschiedene Möglichkeiten ausprobiert, um Online-Casino- und Pokerspiele innerhalb der Staatsgrenzen legal zu machen .

Die Bemühungen haben in den letzten zwei Jahren erheblich an Dynamik gewonnen. Es war jedoch während des größten Teils dieser zwei Jahre Teil eines größeren Pakets von Reformen im Zusammenhang mit Glücksspielen. Die Legalisierung von iGaming-Diensten kam der Realisierung Ende letzten Herbst am nächsten, als es nur Sache des Senats war, über eine umfassende Rechnung für Omnibus-Glücksspiele abzustimmen, an der Online-Glücksspiele beteiligt waren.

Eine Abstimmung fand nicht vor dem Ende der Legislaturperiode 2016 statt. Die Bemühungen des Staates um iGaming wurden jedoch zu Beginn des Jahres 2017 schnell wiederbelebt, nur um den angehaltenen Fortschritten zu begegnen.

Die Gesetzgeber in Pennsylvania sind verzweifelt auf der Suche nach 2,2 Milliarden US-Dollar, um eine große Lücke im Staatshaushalt 2017-2018 zu schließen

Der Staat ist fast drei Monate in seinem laufenden Geschäftsjahr, hat aber immer noch nicht die notwendigen Finanzen zur Deckung seiner Ausgaben gesichert.

Anfang dieses Jahres hat der Senat eine Gesetzesvorlage vorgelegt, die unter anderem Online-Glücksspiele als potenzielle und dauerhafte Einnahmequelle beinhaltete. Die Gesetzesvorlage wurde dann dem Haus übergeben und sollte nach Ablauf der Sommerpause vom Gesetzgeber aus der unteren Kammer des Gesetzgebers geprüft werden.

Die Mitglieder des GOP-Caucus des Hauses erstellten stattdessen einen separaten Haushaltsdefizitplan . Eine, die fast genau das Gegenteil von ihrem Amtskollegen im Senat war. Anfänglich waren Online-Glücksspiele und die Ausweitung des Glücksspiels insgesamt nicht in den Plänen des Hauses zur Verbesserung der finanziellen Situation des Staates enthalten. Schließlich gab der Gesetzgeber des Hauses zu, dass Glücksspiel immerhin dringend benötigte Einnahmen bringen könnte.

Bitcoin gets the vaccine boost and flirts with the $17,000

Today Bitcoin (BTC) is breaking this year’s record again as Moderna’s COVID-19 vaccine is proving to be 94.5% effective.

Bitcoin Records Highest Three-Week Close in Crypt History

Bitcoin decided to start the week off right by bringing the crypto market to life once again. However, the excitement is not limited to the crypto market because we now have a second vaccine option.

Yes, today Moderna Labs announced positives for a possible coronavirus vaccine, with an effectiveness of 94.5%. Let us bear in mind that Moderna’s vaccine surpasses in reported effectiveness the Pfizer and the Sputnik V of Russia.

Evidently the news of a new vaccine inserted a boost to the world and, with them, to the markets and Bitcoin.

At this moment Bitcoin News Trader is quoted in USD 16,788, with a growth of 5.48% during the last 24 hours. Very, very close to USD 17,000, will it make it?
The price of Bitcoin is very close to its historical high. Source: CoinMarketCap: The price of Bitcoin is very close to its historical maximum.

The crypto community hasn’t seen this price level since 2018, just before it crashed at $3,000. Without a doubt, today’s news regarding the vaccine has been a key catalyst for Bitcoin; however, experts see a greater maturity in the leading crypto.

Bitcoin is climbing steadily – will the next target be a record high?

Bitcoin at $318,000, says Citibank

Tom Fitzpatrick, managing director of Citibank, predicts that BTC’s price may exceed $318,000 by 2021, according to a note to institutional clients last week.

The note was leaked on Twitter through the ClassicMacro user where Fitzpatrick pointed out BTC’s weekly chart and used the technical analysis of previous highs and lows to determine a target of USD 318,000 by December 2021.

Fitzpatrick called BTC the „new gold“ and said that today’s unstable macroeconomic climate is creating room for a new financial structure.

Bitcoin Whale Weekly Activity in November

SkyBridge Capital could invest in crypto

SkyBridge Capital, which manages $7.7 billion in assets, reported last week that it may seek exposure to crypto, including BTC, but is not exclusive.

That is, according to Reuters, the company does not plan to limit itself and therefore plans to invest in crypto. In this way, it is the last renowned company to show interest in digital assets.

TOP Bitcoin news: Events you can’t lose sight of

Bitcoin Cash’s hard fork crypto was carried out

Yesterday the Bitcoin Cash blockchain was divided again into two networks: Bitcoin Cash Node and Bitcoin Cash ABC, after a controversial proposal from the development team.

But this division isn’t two equal parts. In fact, everything indicates that the Bitcoin Cash Node Blockchain will be the dominant one, since, according to CoinDesk, the other Blockchain doesn’t get hashed power until now.

Thus, the crypto community will have to remain very vigilant of the upcoming events linked to Bitcoin Cash.

BCH executed hard fork as planned

In a few lines…

Bitcoin.com partnered with Swiss luxury watch manufacturer Franck Muller to produce crypto watches.
BTC’s returns have been 5 times higher than gold’s performance, notes Mr. Gordon on Twitter.
Jaan Tallin, co-founder of Skype, has most of his wealth in crypto, according to Fortune.

Big Macs para apilar satélites: malas noticias de la semana sobre Crypto

Bitcoin continúa su carrera alcista. La moneda ha subido más del 12 por ciento durante la última semana y ahora cuesta $ 16,000. Según el índice Big Mac , un Bitcoin ahora comprará hasta 6.3421,26 hamburguesas gigantes. Incluso ha superado la base monetaria del rublo ruso y está en camino de vencer a Canadá. Eso sucederá cuando Bitcoin valga $ 18,000. Ya casi está ahí. La moneda ya tiene una capitalización de mercado mayor que la de Bank of America, Netflix y Shopify. Si sigue aumentando, pronto estará entre los 20 activos principales por capitalización de mercado, junto con Facebook, Tesla y Apple. No es de extrañar que los economistas de la Reserva Federal de EE. UU. Estén analizando más detenidamente el valor de las CBDC.

Piensan que una moneda digital del banco central podría ser una forma útil de entregar dinero directamente a los hogares

No todo el mundo es tan optimista. Eric Wall, director de inversiones del fondo de cobertura criptográfico Arcane Asset, apuesta un millón de dólares a que el modelo de flujo de acciones de Bitcoin se romperá en 2025. Con „roto“, significa que Bitcoin no habrá alcanzado el 50 por ciento de su objetivo. rango. En un tweet que presenta el desafío, etiquetó a PlanB, el creador del modelo. PlanB había predicho un precio de Bitcoin de $ 100,000- $ 288,000 para diciembre de 2021. David Schwartz, CTO de Ripple, no aceptará esa apuesta. Dice que ya ha perdido alrededor de $ 300,000 intercambiando tokens que resultaron ser „completamente inútiles“.

El público tampoco está del todo convencido. Douglas Tuman, un entusiasta de las criptomonedas y podcaster de Monero, perdió su candidatura por el cuarto distrito de Nueva York . Se postulaba como republicano en una plataforma pro-cripto. Joe Biden, sin embargo, ha seleccionado a Gary Gensler para que se desempeñe como asesor , lo que ayuda a garantizar una transición sin problemas con la Reserva Federal y los reguladores bancarios y de valores. Gensler fue anteriormente el presidente de la Comisión de Comercio de Futuros de Productos Básicos y ha hablado sobre la importancia de la regulación para ayudar al crecimiento de las criptomonedas.

Las regulaciones ya han aterrizado en un usuario de Bitcoin

Volodymyr Kvashuk, un ingeniero de Microsoft, fue sentenciado a nueve años de prisión por robar $ 10 millones en moneda digital. También le dijo al IRS que los $ 2.8 millones en criptomonedas que pasaron por su cuenta eran un regalo de un pariente. Eso convirtió a este crimen en la primera condena por criptografía con un elemento fiscal .

Mirando al exterior, el Banco de Construcción de China, uno de los cuatro bancos más grandes de China, está vendiendo bonos por valor de $ 3 mil millones y dejando que los compradores los paguen con Bitcoin. El Foro Económico Mundial considera que blockchain es la clave para las finanzas digitales sostenibles . Y ZebPay, el intercambio de criptomonedas más antiguo de la India, está lanzando su propio NFT y comenzando un mercado de NFT.

Sin embargo, no todo son buenas noticias. Binance ha comenzado a bloquear a los usuarios estadounidenses de su plataforma. Los usuarios tienen 90 días para retirar sus fondos. El bloqueo es el resultado de las demandas de los reguladores estadounidenses para la implementación de los requisitos de Conozca a su cliente y contra el lavado de dinero. Y en Hong Kong, una propuesta para exigir que los intercambios de cifrado obtengan una licencia y solo se dirijan a inversores profesionales ha recibido críticas. La propuesta, dicen algunos expertos, limitará el volumen y sugerirá que los criptoactivos son especulativos.

Perché questo analista pensa che Bitcoin arrivi

Perché questo analista pensa che Bitcoin arrivi a 17.000 dollari la prossima settimana

  • Il Bitcoin è sceso drasticamente dai massimi di 16.000 dollari, scendendo a 14.300 dollari questo fine settimana.
  • Gli analisti restano ottimisti sul fatto che la criptovaluta sia destinata a riprendere la sua tendenza al rialzo nei giorni e nelle settimane a venire.
  • Un trader è arrivato a dire che l’asset potrebbe muoversi verso i $17.000 o addirittura $18.000, dato che le tendenze di questo mercato rimangono positive.

Bitcoin potrebbe presto raggiungere i 17.000 dollari, dicono gli analisti

Il Bitcoin è sceso drasticamente dagli alti 16.000 dollari, scendendo fino a 14.300 dollari il sabato. La Bitcoin Revolution criptovaluta è finalmente rimbalzata, tornando a 15.300 dollari al momento della stesura di questo articolo.

Gli analisti sono ottimisti sul fatto che la criptovaluta possa riprendere la sua ascesa, potenzialmente verso i 17.000 o addirittura i 18.000 dollari, dato che le tendenze di questo mercato rimangono positive:
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„Penso che ci sia una discreta possibilità che il bitcoin superi i 17.000 dollari e arrivi a 18.000 dollari nei prossimi 10 giorni (la prossima candela settimanale). Ci aspetta un discreto soffio a metà tempo e un po‘ di freddo e l’ingresso nel gruppo di ATH ci sembra giusto… Il percorso verso i $18.000 o lo stoppino di ATH sembra il percorso di minor resistenza. Nessuno vuole vendere fino ad allora e tutti comprano salse. Il modo più semplice per creare un equilibrio di mercato è farlo velocemente e poi lasciare che il mercato si muova un po'“.

Il suddetto trader non è l’unico a chiedere alla Bitcoin di raggiungere i 17.000 dollari nel prossimo futuro.

Un analista che aveva previsto che il Bitcoin avrebbe toccato il fondo a 3.200 dollari nel corso del mercato orso del 2018 ha recentemente dichiarato quanto segue:

„Non posso fare a meno di sentire, guardando il quotidiano che 5 in su dai minimi a 10k non è ancora completo e questo calo è ancora solo un’ondata 4. Anche guardando i grafici HTF per noi di formare un top qui senza in realtà toccando che 16250 resistenza sembra anche improbabile“.

Come mostra il grafico, Bitcoin è probabilmente scambiato in un modello di Elliot Wave, che si risolverà con una spinta finale a 17.000 dollari. Elliot Wave è una forma di analisi tecnica che suggerisce che ci sono modelli ricorrenti su un grafico „legati a persistenti cambiamenti nel sentimento degli investitori e nella psicologia“.

Elliot Wave applicato al grafico a medio termine della criptovaluta suggerisce che il passaggio a 17.000 dollari è possibile nel medio termine.

Elezione per essere una spinta per BTC

Si prevede che le elezioni presidenziali americane spingeranno questo mercato più in alto.

L’analista „Light“ su Twitter ha osservato che dopo le tre precedenti elezioni, l’assunzione di rischi da parte degli investitori era all’ordine del giorno. Bitcoin trarrà vantaggio dall’attività di investimento a rischio perché la crittovaluta è ancora vista a volte come un’attività di rischio.

Fred Chesnais, CEO of Atari: “I am a big fan of the blockchain”

Fred Chesnais, CEO of Atari: “I am a big fan of the blockchain”
Atari CEO Fred Chesnais was featured as a speaker at CoinAgenda Global 2020 in a virtual chat on October 30.

The public sale of Atari tokens has been launched on the Bitcoin System at a price of $ 0.25 per token.

Video games are still in the company’s DNA.

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

Atari CEO Frédéric Chesnais may not be nostalgic, but the company’s public token sale features players like cryptocurrency investors, who are reminiscing about both video games and the era of ICO.

The public sale of Atari tokens was launched on the Bitcoin.com Exchange today at $ 0.25 per token. The company is aiming for a hard cap of $ 1 million. While it is not clear whether they are able to hit this amount or not, Atari has big plans for its token, which is designed to go beyond gaming to „propel the interactive entertainment industry“. „.

Chesnais was featured as the keynote speaker at CoinAgenda Global 2020 in a virtual discussion today hosted by Michael Terpin, Founder and CEO of Transform Group. The game manager explained that Atari, who helped shape the early game industry, is still alive, saying:

There is a lot of notoriety about this brand. The audience has aged, the fan base has aged. This is a good thing for us, because we have a wider reach in terms of potential audience and people interested in what we do. We are still making video games. It is still the DNA of the company. But at the same time, we realize that the world is changing.

In order to compete with companies like Activision, Atari is focusing on virtual products, which Chesnais says is the direction the world is going. Chesnais said he was a „big blockchain supporter,“ pointing to Atari Chain, a Gibraltar-based entity responsible for the governance and ecosystem of the Atari network powered by the Atari token. It is made up of an Atari wallet blockchain ecosystem powered by the Atari token based on ERC-20. Chesnais said during this conversation:

This is what the brand needs.

The little-known trail

When Atari set out to build Atari Chain, they encountered a fork in the road. They could have built the platform exclusively for its own games, in which case Atari would be the only company to use the token. In that case, Chesnais explained, the company could try to “corner the video game market on the blockchain”. But Atari is involved in a cryptocurrency and blockchain sandbox initiative and they have a few NFTs . This option was therefore not really possible.

On the other hand, they could make it very wide and allow anyone who wants to use the Atari token on their platform or in the app to do so. This is ultimately the direction in which Chesnais and his team have decided to go. In the spirit of Satoshi Nakamoto, Atari is giving others access to the use of the token and the domestic brand as part of a mature invitation for partnerships and licensing agreements.

Ultimately, Chesnais envisions an Atari chain capable of building Ethereum bridges to other chains, especially if issues like Ethereum transaction costs go unaddressed.

Uniswap governance could serve DeFi

The Unsiwap governance vote ended with whale dominance.

An ETH flash crash could take place when UNI mining ends in November.

The governance systems for DeFi protocols remain largely centralized

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

The first vote on Uniswap’s governance was controversial due to concerns over its possible centralization. However, these may not be the only risks looming, as industry watchers and analysts begin to unearth more gloomy details.

The first Uniswap governance vote was completed before the end of the voting period, as the “Whale Final Report” voted in favor of Dharma’s proposal to reduce the number of votes required to obtain a consensus.

This effectively strengthens the governance power of just a few addresses that hold the majority of Bitcoin Machine tokens . The three addresses with the most tokens accounted for almost all of the 39.5 million votes in favor of the proposal, while nearly 700,000 people voted against.

Chris Blec, of DeFi Watch, spoke vehemently about the voting process which erodes any notion of decentralization of the protocol:

Your DeFi heroes Andre Cronje, @kaiynne, @StaniKulechov & @tarunchitra used the delegated power of https://yuni.finance to vote in favor of the full buyout of the governance of $ UNI by Dharma and Gauntlet.

I would like to hear one of them explain this decision which kills decentralization

As BeInCrypto reports, the success of this vote gives Dharma and Gauntlet almost all of the power, provided they both vote on the same side for future governance decisions.

Other risks for DeFi

Centralizing Uniswap isn’t the only risk, as Predictions Global creator Ryan Berckmans (@RyanBerckmans) observed.

The coming weeks could prove to be volatile for Uniswap and the entire DeFi industry, he explained, adding that centralized governance is still one of the biggest threats:

1 / The governance of Uniswap through UNI could present urgent risks in the coming weeks.

The worst-case scenario looks terrible for UNI and bad for DeFi.

The good news is that the community has a lot of power to avoid this worst case scenario.

Here are the risks as I see them now.

New airdrops from UNI (via governance proposals) to a centralized party or smart contract appear to be a flagrant violation of the spirit of UNI’s first airdrop .

These toxic airdrops, as he describes them, could alter the balance of governing power. However, as we have already seen, the whales already control the protocol.

Fears about an ETH flash crash

The second risk would be the end of UNI’s cash mining , which is due to expire on November 17. As it stands, over $ 2.16 billion in ETH, stablecoin, and Bitcoin wrapped exists in collateral spread across the four liquidity pools.

Mr Berckmans added that up to $ 800 million in ETH would be withdrawn from the pools when they expire, which could lead to a flash crash and destabilize the DeFi ecosystem. He suggested expanding the UNI output farm incentive to maintain industry stability.

It has also been suggested that “executives” be appointed to serve as those charged with governance, such as when Ethereum had Tim Beiko work on PIE 1559 .

DeFi protocols are essentially experimental, Uniswap being the most important of all. By their very nature, they should place decentralization at the top of their list of priorities.

However, as we have seen so often this year, the whales are still in the driver’s seat, especially with these often flawed governance systems.

Six Smart Chain DeFi projects receive grants from Binance

Over 180 projects have applied for grants since the Accelerator Fund was unveiled.

Binance, the major crypto exchange, announced its intention to finance six projects based on the company’s Snmart Chain.

In a statement on 14 October, Binance announced that the block chain projects AnySwap, Arkane Network, BakerySwap, Bitquery, PancakeSwap and Proxima would receive grants of $350,000 from the company’s $100 million fund. Since the Fund’s announcement in September, more than 180 projects have applied for grants. The company selected the six projects based on specific criteria. The teams, products and contributions to the Blockchain ecosystem played a role in the selection process.

The CEO of Binance Changpeng Zhao said that the Accelerator Fund is designed to support the development of high quality DeFi projects that help build the industry’s infrastructure.

One such project is PancakeSwap, an automated market maker. This is the name given to a decentralised exchange that relies on mathematical formulae to determine the price of a token. Binance explained that the project is the „number one liquidity provider“ in its smart chain in terms of volume, number of active users and contribution to gas charges.

In September, Binance launched the mainnet of its smart chain. A block chain of Smart Contracts running parallel to the Binance Chain. Several DeFi protocols, including Aave, 1inch and dForce, have stated that they intend to build on the chain.