Bitcoin futures reach $ 14 million for the 1st time

BTC futures hit an all-time high on February 6, as Bitcoin’s price approached $ 41,000.

This is because the entire cryptocurrency market has seen several days of record performance.

Traders take advantage of cryptocurrency derivatives to maximize their returns.

On February 6, the aggregate value of all Bitcoin (BTC) futures contracts reached $ 14 billion, according to data from Skew.

A future Bitcoin

The total value of all unsettled Bitcoin (BTC) futures in the cryptocurrency market soared to over $ 14 billion on February 6, according to cryptocurrency analysis firm Skew.

This record valuation follows a recent rally in Bitcoin to just under $ 41,000. Binance , the largest exchange by volume, led the contract load, accounting for just under half of the total volume of BTC futures transactions.

The leading cryptocurrency exchange was also the first to focus on BTC-based derivatives, with $ 2.33 billion in unsettled contracts.

The most famous provider of Bitcoin futures, the Chicago Mercantile Exchange (CME), came in third ($ 2.05 billion). Rival exchange, OKEx, came in second ($ 2.21 billion).

A futures contract allows its owner to buy the corresponding asset at a price agreed upon in advance, at some point in the future. Unlike an option contract, the holder is obligated to make the purchase.

$ 1.5 trillion on the horizon

With the cryptocurrency market’s record performance last week, it’s no surprise that futures traders are bullish. On Friday February 5, Ethereum (ETH) set a new record at $ 1,752.05, after gaining 18.3% since the start of the week.

The second token in the crypto market also saw its market capitalization reach $ 200 billion for the first time in its history. This makes him more valuable than several Wall Street giants including Wells Fargo, Morgan Stanley, and American Express.

Together, BTC and ETH have a total value of just under $ 900 billion. This equates to 75% of the total market cap of the market ($ 1.17 trillion).

Some in the cryptocurrency community are predicting that the $ 1.5 trillion mark will soon be crossed if current momentum continues.

Derivatives are trending

With the growing popularity of cryptocurrency derivatives, these predictions may well come true. The total volume of all derivatives traded on Binance hit a record high of $ 40 billion.

This figure includes the futures of 147 different crypto assets and is accompanied by a record $ 5.4 billion in interest outstanding on the exchange.

In addition, more and more derivative products are launched every day. Following media attention from Dogecoin ( DOGE ) over the past few days, BitMEX has announced the creation of a perpetual exchange for the famous coin itself.

With 20x leverage and Elon Musk in his role as Honorary CEO, DOGE cryptocurrency will be used more and more.

Bitcoin (BTC) poursuit sa phase de consolidation en dessous de la résistance

  • Bitcoin a une résistance et un soutien à 33 700 $ et 29 000 $ respectivement.
  • La CTB suit une ligne de résistance descendante.
  • Les indicateurs à court terme montrent quelques signes d’un retournement haussier.

Le prix du Bitcoin (BTC) se consolide depuis le rejet initial du 25 janvier.

La direction de la tendance à court terme du Bitcoin Up n’est pas claire, mais un rebond vers la zone des 33 700 $ semble être le scénario le plus probable.

Le bitcoin poursuit son indécision

Après le rejet du 25 janvier, la CTB a fait preuve d’une certaine force en créant un chandelier avec une longue mèche inférieure et une fermeture légèrement haussière.

Néanmoins, les mèches de chaque côté sont un signe d’indécision. Cela suggère une consolidation plus poussée avant un mouvement significatif dans une direction.

Les indicateurs techniques sont baissiers et la CTB s’échange juste en dessous de la zone de résistance à 33 700 dollars. Inversement, la zone de soutien la plus proche se trouve à 29 000 dollars.

L’approche de la résistance

Bitcoin se négocie probablement dans une sorte de canal parallèle descendant, qui est généralement une structure corrective. Actuellement, la CTB est confrontée à une résistance du milieu du canal et à une possible ligne de résistance descendante, qui a été validée plusieurs fois jusqu’à ce point.

La CTB devrait dépasser 33 200 dollars pour dépasser les deux résistances et sortir de façon décisive. Les indicateurs techniques deviennent progressivement haussiers mais n’ont pas encore confirmé la possibilité d’une rupture.

Le graphique en deux heures montre des signes de renversement, car le RSI a généré une certaine divergence haussière. Il serait logique que la CTB marque au moins une fois de plus la ligne de résistance, avant de décider d’une rupture ou d’un effondrement.

Comptage des vagues de la CTB

Alors que le compte à long terme est baissier, projetant une baisse vers 28 000 $, le compte à moyen terme suggère qu’une autre hausse est probable avant que la CTB ne tombe vers la cible.

Le meilleur scénario serait que la sous-vague C (orange) augmente jusqu’au sommet du canal, à 38 000 dollars. Cependant, il est tout à fait possible que la sous-onde atteigne un sommet moins élevé puisque le mouvement est encore dans sa phase initiale.

La partie du mouvement qui est la plus facilement discernable est l’appartement irrégulier d’hier, ce qui suggère que la CTB n’a pas encore fini de le corriger. Il serait donc logique que la CTB balaie les creux d’hier avant de remonter éventuellement. Il est très probable que la sous-onde C susmentionnée soit une diagonale de fin.


Bien que la direction de la tendance ne soit pas claire, le scénario le plus probable suggère que Bitcoin rebondisse une fois de plus avant qu’une baisse significative ne se produise.

What are the prospects for Ethereum in 2021?

What are the prospects for Ethereum in 2021?

What a year 2020 for Ethereum! Phase 0 of Ethereum 2.0, DeFi and democratisation, Ethereum could hardly have dreamt of anything better. Now that we have just entered the new year, we are able to look a little more closely at what we expect for 2021, and how the year of Ethereum could go.

DeFi continues on its way

Haaaa the DeFi, how to miss this ecosystem after its performance in 2020! In view of the constant evolution of the DeFi in 2020, there is a good chance that the ecosystem will continue to be the talk of the town in 2021.

Obviously, the year 2021 could turn the current ranking Bitcoin News Trader of DeFi projects upside down, with the arrival of new projects, or the evolution of others.

Unfortunately, the craze for DeFi in 2020 has also led to a very large number of hacks and attacks of all kinds. Among these attacks, the reentrancy attack was one of the most common.

Thus, for the year 2021, we can hope that smart contract developers and investors will learn from the mistakes of the past and that better practices will be put in place. For example, the systematic auditing of smart contracts, the regular absence of which has unfortunately been the cause of too many hacks in 2020.

This maturation will be necessary for Ethereum. If the community as a whole does not better apply best practices, the DeFi on Ethereum could well see its reputation tarnished once again.

Phase 1 of Ethereum 2.0

It is impossible to talk about Ethereum without talking about Ethereum 2.0. Indeed, Phase 0 of Ethereum 2.0 was rolled out on 1 December last year.

This phase is the first of a series of three phases spread over several years.

Thus, after phase 0, which aimed to set up the beacon chain, the backbone of Ethereum 2.0. Phase 1 will introduce the shard chains.

These shard chains, or simply shards, have the particularity of dividing the network into a multitude of sub-networks, responsible for independently processing their data. As such, they are an integral part of Ethereum’s scaling strategy.

According to the announcements of the Ethereum Foundation, phase 1 could be launched in 2021. However, Ethereum 2.0 subscribes to delays and it is not excluded that these delays will not be met.

Democratisation of second layer solutions

Although an excellent year for Ethereum, the year 2020 has nevertheless seen its failures. For example, the network became congested too many times, leading to significant increases in transaction costs.

These periods of paralysis for the network have had many negative effects and, in addition to annoying users, have resulted in the loss of several million dollars.

Thus, we can hope that 2021 will be the year of the democratization of second layer solutions. Indeed, although Ethereum 2.0 is supposed to solve Ethereum’s scalability and performance problems, this upgrade will not be fully deployed until 2022, or even 2023. Therefore, it is essential to put in place solutions while waiting for its deployment.

5 factors show that bulls control the price of Ethereum even after a 26% correction

Multiple data points show that investors are strongly bullish on the Ethereum price even after today’s strong rejection of USD 1,160.

On January 4th, the price of Ether (ETH) rose to USD 1,160, followed by a 24% correction in the following 4 hours.

What is clear is that investors are eagerly awaiting the launch of CME’s ETH futures which is scheduled for February 8th. Another factor driving the current rally is that Ether’s miners‘ balances reached a two-year low, a scenario that some analysts see as bullish.

The phenomenal growth of the total blocked value in DeFi projects has also played a role, especially considering that the metric reached USD 17.5 billion last week.

For the moment, positive news flow and solid fundamentals seem to be in play for Ether, but it is still important to try to understand if the recent drop reflects a local high potential or if it was simply a new test of $900 as a new support level.

In addition to price action and technical analysis, investors should also look at the network usage metrics in the Ethereum network. An excellent place to start is by analyzing transactions and value transfers.

The graph above shows that the indicator exceeds $4 billion in daily transactions, a 73% increase compared to $2.6 billion the previous month. This remarkable increase in the value of transactions and transfers reflects the strength of the signals and also suggests that Ether’s price is sustainable at current levels.

Withdrawals from the Exchanges are paused for now

The increase in withdrawals from exchanges can be due to multiple reasons, including staking, yield farming and buyers sending coins into cold storage. Generally, a steady flow of net deposits indicates a willingness to sell in the short term.

From December 1 to December 19, exchanges faced 600,000 ETH in net withdrawals. This movement indicates a potential accumulation of whales, either by transferring to cold wallets or by placing those Bitcoin Profit scam in the DeFi ecosystem.

It is worth noting that during the last two weeks there has been some stabilization. Sales activity was expected as the price of the Ether peaked and this led to larger deposits. Therefore, the indicator remains slightly positive.

The futures premium peaked, but nothing abnormal has occurred

Professional traders tend to dominate longer term futures contracts with set expiration dates. By measuring the spending gap between futures and the regular spot market, a trader can gauge the level of optimism in the market.

3-month futures should generally be traded at a premium of 1.5% or more compared to regular spot exchanges. Any time this indicator fades or becomes negative, it is a worrying warning sign. This situation is known as backwardation and indicates that the market is becoming bearish.

The chart above shows that the indicator peaked at 6.4% on January 4th when Ether touched its highest price since May 2018. The current rate above 4.7% equates to a 20% annualized premium and is significantly above the levels seen in previous months. This data shows that despite the recent fall of USD 280, professional traders still have confidence in Ether’s price potential.

Spot volume soared during the rally

In addition to monitoring futures contracts, profitable traders also track volume in the spot market. Breaking resistance levels with low volumes is intriguing because low volumes usually indicate a lack of confidence. Therefore, major price changes must be accompanied by solid trading volume.

The previous two days saw an impressive average volume of $8 billion and this is considerably higher than the trend of the past few weeks. The new price highs accompanied by volume peaks are an excellent indicator of sustainable price levels.

This event is especially true considering that the recent 42% movement occurred since December 30th, when the traditional markets closed. If there had been low volume days recently, investors would have wondered what was really behind the increase to USD 1,160.

Buy/Sell Option Ratio

By measuring whether there is more activity in call or put options, the overall market sentiment can be determined. Generally speaking, call options are used for bullish strategies, while put options are used for bearish ones.

A buy/sell ratio of 0.70 indicates that the open interest of put options lags behind the more bullish call options by 30% and therefore the sentiment is bullish.

Since December 25th, investors have been trading a higher volume of put options. Therefore, the indicator increased to 0.81 from 0.65. This indicates a reversal of the trend from a more upward movement that lasted two weeks. Despite the protection-seeking movement, put options still lag behind the more bullish call options by 19%.

This data is very encouraging, considering that Ether has recovered by 60% since December 25th, but there are no signs that investors have opted for more neutral to bearish strategies (put options).

Despite some signs of weakness after Ether hit its high of USD 1,160 on January 4th, each of the five indicators discussed above has maintained a bullish level.

When Ether managed to recover quickly from her recent fall of less than USD 900, investors gained more confidence that the uptrend has not been broken.

US Congressman Soto wants to coordinate government use of blockchain technology

A new agency is to coordinate the use of blockchain technology within US government agencies.

A new bill filed on Thursday under the acronym H.R.9067 seeks to „coordinate“ the use of blockchain technology within the US federal government.

The bill, filed by Representative Darren Soto, a Democratic Party representative for the US state of Florida, provides that „the Department of Commerce shall establish a department to coordinate any use of blockchain technology within the federal government, provided that such use does not involve defence“.

On 31 December, the bill was already submitted to the Parliamentary Committee on Energy and Commerce.

Although the exact content of the draft is still unknown, its author could possibly allow conclusions to be drawn about the intended areas of application for blockchain technology.

In recent months, Soto had increasingly shown himself to be an advocate for cryptocurrencies, which he now also allows for political donations directed at him, and blockchain technology.

The politician, who is co-chair of the Parliamentary Blockchain Council, confirmed in a previous interview with Cointelegraph that he plans to soon incorporate the technology as an alternative way to transmit absentee ballots. The US Post Office had previously filed a patent to that effect. In response, Soto said in the interview:

„I could imagine something like this being used very soon, possibly as early as the next election.“

Then again, last September, Soto had announced that his „nearly two years of effort“ in the parliamentary Committee on Energy and Commerce had paid off by finally passing the Digital Taxonomy Act, which would, among other things, explore the use of blockchain technology by government agencies. The bill H.R.9067 aims to follow up on this and ensure faster adoption of the technology.

Advocacy for cryptocurrencies has been a particular focus of Soto’s recently, as he is one of the nine parliamentarians who have criticised the US Treasury Department for rushing to file a new crypto bill. In the crypto industry, this had caused a strong headwind, and even a possible lawsuit against the ministry is in the air.

Wieloryb wierzy, że Ethereum wkrótce pobije Bitcoin’a, by stać się „lepszym cyfrowym złotem“ – I oto dlaczego

Krytycy często stawiają sobie za cel drugi co do wielkości łańcuch blokowy na świecie ze względu na problemy z jego skalowalnością. Prawdę mówiąc, ethereum już od dłuższego czasu zmaga się ze skrajnymi przeciążeniami, co doprowadziło do wygórowanych opłat za transakcje w sieci. Wąskie gardło w eterze powstrzymało inwestorów instytucjonalnych przed przyłączeniem się do łańcucha blokowego.

Oprócz działań cenowych, eter jest rzadko porównywany do bitcoinów, ponieważ oba zostały zbudowane z myślą o różnych podstawowych ekonomii. Bitcoin jest postrzegany jako legalny i wiarygodny magazyn wartości i cyfrowa wersja złota. W przeciwieństwie do tego, etereum jest uważany za podstawę ekosystemu kryptońskiego. Jeśli chodzi o liczbę zdecentralizowanych aplikacji (DApps), liczbę deweloperów i codziennych użytkowników, etereum jest królem wzgórza.

Niemniej jednak, jeden duży inwestor wydaje się myśleć, że etereum będzie w końcu na równi z bitcoin w odniesieniu do jego użyteczności. W rzeczywistości, inwestor zauważa, że nadchodzące zmiany w sieci eteru mogą uczynić go „lepszym cyfrowym złotem“ niż król kryptos.

Ethereum About To Give Bitcoin A Run For Its Money?

Większość ludzi uważa, że rajd Bitcoin’a jest napędzany przez ogromny napływ instytucjonalnych pieniędzy na rynek kryptoński. Kiedy gruba chmura niepewności waży się na systemie finansowym w świetle globalnej pandemii, więcej inwestorów w tradycyjnych finansach spływa na rynek.

W przeciwieństwie do hossy z 2017 roku, obecne ruchy wzrostowe Bitcoin’a charakteryzują się zwiększonym udziałem instytucjonalnym

To spowodowało, że Bitcoin przekroczył poziom 18.000 dolarów przy niewielkim oporze. Krypto waluta jest teraz tylko kilka dolarów z dala od 20.000 dolarów wszech czasów. Ethereum również wzrósł w ostatnich miesiącach, ale nadal jest daleko od jego 1.432 dolarów rekordowego poziomu.

Brak klastra ETH w porównaniu z Bitcoin’em można przypisać temu, że kapitał instytucjonalny podnosi cenę Bitcoin’a z powodu jego coraz bardziej popularnej narracji „cyfrowego złota“.

Duży inwestor eterowy, który występuje pod nazwą Tetranode, zasugerował, że emisja PoS i EIP-1559 spowoduje ujemną inflację. To powiedziawszy, ethereum będzie triumfować bitcoin stać się lepszą wersją cyfrowego złota, a inwestorzy instytucjonalni obecnie na uboczu będzie pozycji w ETH.

Jeśli myślenie Tetranode’a jest czymś, co można pominąć, unikalne cechy eteru będą mówić same za siebie z czasem.

Marktbeobachtung: Bitcoin Eyes $19,400 After Market Cap Gained $40 Billion The Past Weekend

Die Marktkapitalisierung von Kryptowährungen ist seit den Einbrüchen am Freitag um 40 Milliarden Dollar gestiegen, als Bitcoin sich 19.400 Dollar näherte und ETH in die Nähe von 600 Dollar kam.

Nach der Rückeroberung der $ 19.000 scheinen die Chancen von bitcoin, über $ 19.400 zu brechen, wahrscheinlicher. Die meisten Altcoins haben ihren Wert innerhalb eines Tages leicht erhöht, wobei Ethereum bei $600 schloss.

Bitcoin hält sich über $19K

Nach der Achterbahnfahrt der letzten Woche, die dazu führte, dass Bitcoin Era zweimal auf $17.500 abtauchte, begann die primäre Kryptowährung am Wochenende an Wert zu gewinnen.

CryptoPotato berichtete, dass der Vermögenswert zunächst $18.000 überwand, bevor er das gleiche mit dem $19.000 Level tat. In den letzten 24 Stunden initiierte BTC ein weiteres Bein nach oben und berührte $19.400.

Allerdings übernahmen die Bären schnell das Kommando und trieben es in den Süden auf ein Intraday-Tief von $18.900. Nichtsdestotrotz prallte Bitcoin von diesem Tief ab und eroberte erneut die $19.000 zurück, wo es sich derzeit befindet.

Aus technischer Sicht könnte BTC Neuland über $20.000 erreichen, wenn er die ersten Widerstandslinien bei $19.400 und $19.920 überwindet.

Alternativ dazu sind die Unterstützungsniveaus, die helfen könnten, wenn Bitcoin umkehrt, $18.800, $18.500, $18.300 und die psychologische $18.000.

Altcoins weiter im Norden

Die alternativen Münzen haben während der Preiseinbrüche der letzten Woche am meisten gelitten. Sie haben sich jedoch während des Wochenendes ebenso eindrucksvoll erholt und haben dies auch in den letzten 24 Stunden fortgesetzt.

Ethereum hat weitere 2% an Wert zugelegt und wird in der Nähe von $590 gehandelt. Ripple hat seinen freien Fall nach dem Snapshot am Samstag für den Spark (FLR) Airdrop fortgesetzt und ist unter $0,50 getaucht.

Binance Coin (0,5%), Polkadot (2%) und Cardano (2%) haben ebenfalls leichte Gewinne verzeichnet. Chainlink und Litecoin sind die besten Performer aus den Top Ten, mit Steigerungen von 3,4% und 4,7%. Infolgedessen hat sich LINK $13 genähert, während LTC über $80 gehandelt wird.

Stellar ist der beeindruckendste Gainer unter den Top-100-Münzen. Der Preis von XLM ist nach einem Anstieg von 8% auf 0,174 $ gestiegen. Energy Web Token (6,5%), THETA (6%), Uniswap (5,5%), Aave (5,5%) und THORChain (5%) folgen.

Insgesamt hat die Krypto-Marktkapitalisierung seit den Einbrüchen am Freitag um 40 Mrd. $ zugenommen.

Optimistic on BTC: Why Leading Traders Are Now Reluctant to Take a Bitcoin Short Position

From a technical point of view, many traders believe that Bitcoin is bearish.

On-chain trends, after miners and other big players have started liquidating their holdings, show that there is reason to believe that Bitcoin could go backwards

However, several analysts comment that there is one big reason they are reluctant to short here: inflows from Wall Street.

The entry of prominent Wall Street names into the crypto asset space has made many hesitate to go short here. For example, a hedge fund that buys $ 1 billion worth of BTC would likely instantly invalidate any bearish pattern that might appear on the Bitcoin chart.

Why many traders are bullish on Bitcoin right now

A historically correct trader named „Bitcoin Jack“ is hesitant to short BTC now after watching the institutional adoption of cryptocurrencies lately:

„One of the reasons I gave up the idea of ​​taking another significant short position is because I don’t want to bet against the brutal power of billionaires.“

He adds that while there is technical data that suggests that Bitcoin (buy now? Click here for instructions) has room to fall down – these signals can, due to the amount of capital flowing into the room, can be easily picked up:

“The reality is, I don’t know what’s going to happen from here. Large streams of money flow into Bitcoin. Tech specs that say a downtrend is possible can be blown out of the water, while we shouldn’t forget that institutional Bitcoin is not yet fully mastered. “

Just yesterday, an insurance company with at least $ 230 billion in assets under management made its first purchase of Bitcoin , buying $ 100 million worth of it.

Then, just an hour ago, MicroStrategy announced that the company is ready to buy $ 650 million worth of BTC in the coming weeks, which will almost certainly have an impact on the market.

Another trader known as „Mayne“ joins Jack’s concern and asks his followers if they think „big players“ buying BTC will be enough to catch the bearish technical trends that are affecting the Play charts, negate.

Viktige Bitcoin-prisverdier viser at pro-handelsmenn er nervøse for $ 19K BTC

Bitcoin-prisen jager etter $ 19.000, men krypto-børsens forhold til lang til kort viser at topphandlere er forsiktige på disse nivåene.

Denne uken steg Bitcoin (BTC) -prisen til en ny 3-års høyde på $ 18 965, noe som førte til at investorene trodde at en ny all-time high over $ 20 000 er på kortene.

Selv om dette er spennende tider, viser data at noen profesjonelle investorer føler seg lei seg for prisen på disse nivåene, og fraværet av detaljhandel FOMO har noen krav om en kraftig tilbaketrekning.

Data viser at Bitcoin ikke har sett en nedgang som er større enn 5% siden 4. september, og i løpet av de siste 77 dagene har den digitale eiendelen fått 84%. Siste gang lignende prishandling ble observert, var den 25. november 2019.

Den gang gjorde BTC en bevegelse på 47% fra $ 6900 til $ 10,150 innen midten av februar 2020, en 86-dagers sekvens. Likevel bør man ikke hoppe til den konklusjonen at en betydelig korreksjon nødvendigvis følger hver bevegelse uten 5% daglig fall.

Bevis for slike uensartede forventninger kan hentes fra basis for futureskontrakter. Vanligvis skal indikatoren vise en premie på 3% til 10%.

Legg merke til hvordan handelsmenn var villige til å betale ytterligere 20% på årsbasis for å bære låneposisjoner tilbake i februar. Dette er ganske uvanlig og et signal om ekstrem optimisme.

Denne gangen har basisindikatoren gravitert nær 10%. Derfor er det trygt å slutte at oddsen for kaskadeavvikling av salgsordre er mye lavere denne gangen.

Mangel på optimisme er et tegn på redusert overbevisning

Forhandlere har blitt overrasket over denne uvanlige trenden, og data bekrefter at det er fullstendig mangel på overbevisning. Selv om BTC-futurekontraktspremien for øyeblikket ligger i en bullish sone, er det gyldig å kjøpe den uten å skille.

For effektivt å måle om fagfolk har hatt lange posisjoner gjennom hele dette rallyet, bør investorer overvåke topp-handelspartnerens lange til korte forhold på ledende kryptobørs.

På Huobi kan vi se at topphandlerne gikk inn i en nettokortsposisjon ettersom Bitcoin overgikk $ 16 000 den 16. november. 19. november dukket det opp noen få bearish spill da BTC ikke klarte å bryte motstanden på $ 18 000. Nok en gang var de raske med å lukke tapene og er for tiden flate. Derfor kan man anta at profesjonelle handelsmenn har prøvd å gjette en lokal topp uten mye overbevisning.

Interessant, data fra Binance viser at topphandlere bruker en annen strategi. Til tross for dette gjenspeiler det fortsatt mangel på overbevisning, som man kan slutte nedenfor.

Binance-topphandlere hadde en nettolengde på 10% mens Bitcoin samlet seg over $ 16 000, men de klatret deretter for å kjøpe etter at det skjøt over $ 17 500.

Mens de fortsatt opprettholdt en bullish posisjon, reduserte de den betydelig da BTC kjempet for å bryte $ 18 000 den 18. november

Det er verdt å merke seg at børser samler topphandleres data på en annen måte, da det er flere måter å måle klienters nettoeksponering på. Derfor bør enhver sammenligning mellom forskjellige leverandører gjøres på prosentvise endringer i stedet for absolutte tall.

Til slutt signaliserer dataene at det er noe ubesluttsomhet eller i det minste mangel på sterk overbevisning blant topphandlere.

Når markedet sender blandede signaler, er det ikke noe galt med å sitte tett og ikke være i posisjon. I det minste er dette det kunnskapsrike handelsmenn ser ut til å gjøre.

Synspunktene og meningene som er uttrykt her er utelukkende synspunkter fra forfatteren og gjenspeiler ikke nødvendigvis Cointelegraphs synspunkter. Hver investerings- og handelsbevegelse innebærer risiko. Du bør utføre din egen forskning når du tar en beslutning.

Bitwala: EUR 15 million cash injection for Berlin crypto start-up

New products should attract more users across Europe. For this, the Berlin crypto bank Bitwala receives an investment of millions from Earlybird and other venture capitalists.

The Berlin crypto bank Bitwala recently received funding of over 15 million euros, as Gründerszene reported on Saturday. This was largely led by existing donors like Earlybird. The venture capital firms Global Brain and Coparion were also involved. The latter had already joined a financing round just over a year ago, in which Bitwala raised 13 million euros. The money is to be used to increase the number of users and to publish new products.

Crypto finance: something is brewing

According to their own statements, the Berliners currently have 150,000 customers in 32 countries who hold Bitcoins with a total value of 60 million euros. They use the service to invest in crypto currencies themselves, to store their assets or even to create the assets. Deposits of up to 100,000 euros are secured with the German crypto bank, and the Berlin start-up is working with the banking-as-a-service provider Solarisbank.

The crypto exchange Bitpanda from Vienna recently completed a financing round of over 52 million dollars with the top venture capitalists Hedosophia and PayPal founder Peter Thiels Valar beyond the borders in German-speaking countries . The company valuation is currently said to be over 300 million euros. Bitwala ranks well behind with 64 million euros, but is one of the leading financial crypto providers nationwide.

Bitwala and Co come at the right time

Such services are currently in great demand, also because of the explosive developments in the course. Bitcoin has stabilized above $ 19,000 after yesterday’s all-time high. Observers assume, however, that private investors will increasingly turn to the topic again in the future. Not least because institutional investors recently announced that they had invested in crypto.

As big as N26?

As Benjamin Jones recently made public to the Handelsblatt , the crypto financial service provider wants to be „at least as big as N26“. For this purpose, the company had recently poached the Chief Product Officer Kristina Walcker-Mayer from the online bank. In addition, both Bitwala and N26 share a similar, even partially the same, investor audience. In order to be realistically as big as the smartphone bank, the Berliners would have to try to convince even more investors in the future who, as an external party, can give a current rating. So far, funding has largely come from existing donors.

Officially a crypto bank since 2018

Bitwala was founded in 2015 by Jan Goslicki, Benjamin Jones and Jörg von Minckwitz and started out as a crypto exchange platform. In 2018, the crypto bank had to change its business model because its partner company Wavecrest no longer received a license from Visa. Bitwala then switched its product to its own blockchain-based bank account with a crypto wallet. The account now runs through the banking-as-a-service provider Solarisbank.