We present you the five most outstanding information of this week in the field of mining of the most important cryptoscope, Bitcoin.

In this usual weekly summary, we present you the five most important information in the field of Bitcoin mining. Cryptcoin mining is a growing business, so the news about it is abundant.

It is important to highlight that most of the news are closely related to the price of the most important of the crypto currencies. Others, on the other hand, are related to the expansion of mining, not only territorially, but also in important sectors of some countries.

In this last case, the initiative of installing mining farms by the Bolivarian National Armed Forces (FANB) of Venezuela stands out. Another news item of no less importance, was the growth in the income of Bitcoin miners to a maximum per year.
These are the five most important pieces of information about Bitcoin mining

Few businesses are in a state of expansion during the current pandemic crisis. One of them is the extraction of cryptomoney. Check out the five pieces of information on Bitcoin mining that were highlighted over the course of the week.

Miners‘ earnings reached an annual high.
The Venezuelan Army installed mining farms for self-financing.
Riot Blockchain shares increase more than 50% in one week.
Kryptonian miners in trouble due to repression in China.
Big mining pools support Bitcoin’s Taproot upgrade.

Miners‘ income at its annual high

The income that the miners receive from their activity has grown significantly recently. The increase in the price of the most popular of the digital currencies had a decisive influence on this.

It should be remembered that recently it was reported that the income level of the miners had equalled that of the pre-Halving period. At the time of the cut in May, the price of Bitcoin was about 9,000 USD. Now it is 18,000 USD, which creates the ideal conditions for the miners‘ income to return to the level of that time.

According to Glassnode’s metrics, in May, Bitcoin’s highest mining revenue month, was $20.6 million per day. Now, it is about $21.2, which is an annual high.

Venezuelan armed forces mining crypto-currencies

Through a post on Instagram, it became known that a brigade of the Bolivarian Army of Venezuela had installed farms. Thus, Bitcoin mining, which in that South American nation is openly used by sectors of the state, now extends to the armed forces.

During the video, the presence of high ranking officers from the military leadership of the socialist country was observed. They assure that, by means of this new form of generating resources, it will be possible to finance the units of the troops, by means of „unblockable“ resources. The latter in clear reference to the sanctions by the US against that country.

It is important to take into account that Venezuela, as well as Iran, are nations punished by economic blockades. In response, these countries have carried out large-scale Bitcoin mining projects and have been promoting the activity among their citizens.

Current Bitcoin Rally Would Be Related to Lack of Supply in China

Riot Blockchain shares on Nasdaq rise by more than 50%

The American company dedicated to Bitcoin mining, Riot Blockchain, reported a significant rise in the price of its shares. They closed last Friday, November 13, above $3, and this Friday they closed at an average of $6.

It’s important to note that during the same period of time, the price of Bitcoin increased by 17%. This company was one of those that carried out an aggressive campaign to expand its computing power during the year 2020 and plans to continue with the same pace in 2021.

Other Western companies dedicated to Bitcoin mining have joined the competition for more hash power with Riot Blockchain. Among these, Core Scientific and Marathon stand out.
Shares in Bitcoin mining company Riot Blockchain rose by 50%, making it one of the top five companies in this field this week. Source: HashrateIndex: The shares of Riot Blockchain, a company dedicated to Bitcoin mining, went up by 50%, one of the five most important information of the week in this area. Source: HashrateIndex.

Ein Gericht hat sich der dänischen Glücksspielbehörde Spillemyndigheden in einem Rechtsstreit angeschlossen, der auf die frühere Weigerung lokaler Internetdienstanbieter zurückzuführen ist, den Zugang zu illegal in Dänemark betriebenen Glücksspiel-Websites zu sperren .

Im vergangenen Jahr forderte die Glücksspielbehörde die ISPs auf, den Zugang zu insgesamt 24 Websites zu blockieren, die von Glücksspielunternehmen betrieben werden, denen in Dänemark keine Lizenzen erteilt wurden .

Die Websites boten Online-Casinospiele und Sportwetten an. Es gab auch einige von ihnen, die Skin-Wettoptionen enthielten

Die Aufsichtsbehörde sagte damals, dass sie besonders besorgt über den Betrieb dieser letzteren Sites sei, da diese bekanntermaßen Minderjährige unter anderen Kundengruppen ansprechen.

Da dänische ISPs den Zugang zu den nicht lizenzierten Websites nicht blockierten, brachte Spillemyndigheden die Angelegenheit vor Gericht, um eine Entscheidung zu erwirken, die seine Forderung nach Maßnahmen gegen die Verstöße gegen das Glücksspielgesetz des Landes unterstützen würde. Das Gericht in Frederiksberg erließ am 23. Januar 2018 eine Entscheidung in dieser Angelegenheit. Es schloss sich der Regulierungsbehörde an und ordnete an, dass Internetdienstanbieter alle 24 Websites blockieren und sie daran hindern, dänische Spieler anzusprechen.

Die dänische Regierung genehmigte im Juni 2010 ihren aktuellen Rechtsrahmen für Glücksspiele. Das neue Gesetz trat am 1. Januar 2012 in Kraft und öffnete damit den lokalen Markt für Betreiber, die Lizenzen von der örtlichen Aufsichtsbehörde erhalten haben.

Man kann sagen, dass der regulierte Markt des Landes seit seiner Gründung im Allgemeinen stabil gewachsen ist. Nach den neuesten Zahlen von Spillemyndigheden belief sich der Umsatz des dänischen Glücksspielmarktes in den ersten drei Quartalen 2017 auf 4,357 Mrd. DKK, nach 4,191 Mrd. DKK im gleichen Zeitraum des Jahres 2016. Einnahmen aus Online-Casinospielen von 1,153 Mrd. DKK auf 1,329 Mrd. DKK erhöht.

Einstellungen zum Online-Glücksspiel in Skandinavien

Dänemark ist derzeit das einzige skandinavische Land, das seinen Markt für internationale Betreiber geöffnet hat. Schweden ist derzeit dabei , seinen Markt so zu regulieren , dass ausländische Glücksspielunternehmen lokale Spieler in einem regulierten Umfeld ansprechen können.

Das Land hat Ende letzten Jahres den neuen Rechtsrahmen zur Überprüfung und erforderlichen Genehmigung durch die Europäische Kommission vorgelegt. Es wird davon ausgegangen, dass das neue Regulierungssystem Anfang 2019 in Kraft treten wird .

Im Gegensatz zu seinem Nachbarn sind Norwegen und Finnland fest entschlossen, das bestehende Glücksspielmonopol beizubehalten. Gegenwärtig dürfen nur staatliche Stellen Glücksspieldienste für lokale Spieler anbieten. Sowohl der norwegische als auch der finnische Gesetzgeber haben darauf hingewiesen, dass das derzeitige Regime Glücksspielkunden den bestmöglichen Schutz bietet und sich daher der Status quo nicht ändern muss.

Während Finnland als EU-Mitgliedstaat dem Druck der EU-Behörden ausgesetzt war und ausgesetzt sein könnte, seine Haltung zum Online-Glücksspiel zu ändern, ist es im Allgemeinen Sache des norwegischen Gesetzgebers , die Zukunft des Glücksspielmarkts des Landes zu bestimmen, da es kein Mitglied ist der Europäischen Union.

De sagde, at reel indførelse af aktivklassen „ikke engang er startet.“

Gemini-kryptobørsstiftere Tyler og Cameron Winklevoss sagde, at Bitcoin ( BTC ) til sidst vil ramme $ 500.000 pr. Mønt under et nylig interview med podcast-vært Peter McCormack

”Spørgsmålet i vores sind er ikke så meget, at det når $ 500.000, men hvor hurtigt,” fortalte Tyler McCormack under podcast- episoden den 23. oktober . Hans afhandling tager markedsdækningen af ​​guld og den teoretiske allokering af centralbanken i betragtning. „Jeg ville hævde, at $ 500.000 Bitcoin faktisk er ret konservativt, og spillet er ikke engang rigtig startet,“ bemærkede Cameron.

MicroStrategy og andre, der køber betydelige mængder Bitcoin Billionaire til deres egne reserver, ser ud til at indikere, at markedet begynder at skifte. „Hvad hvis alle Fortune 100 eller 500 virksomheder gør det, hvad hvis centralbanker begynder at gøre det?“ Spurgte Cameron.

”Det har ikke engang startet,” tilføjede han og analogiserede, at Bitcoin er i bunden af ​​det første i et ni-inning baseballkamp

”Wall Street er ikke her endnu. Institutioner er ikke i Bitcoin lige nu. Det har været et detailfænomen i det sidste årti. Så Wall Street taler om det, de er opmærksomme på Bitcoin, men de er ikke rigtig i det fra vores perspektiv, men det begynder at ske. ”

Grundlaget for interviewet var en rapport fra Tyler og Cameron, der blev offentliggjort i august 2020 med titlen: The Case for $ 500K Bitcoin. Brødrene begyndte at konstruere rapporten i januar 2020, sagde Cameron i interviewet med McCormack.

”Vi begyndte at tænke på, hvad regeringen har gjort med den amerikanske dollar i det sidste årti eller deromkring og traditionelle slags værdibutikker og hække,” forklarede Cameron. Tvillingerne stoppede arbejdet med rapporten i marts, da COVID fik verdensomspændende fodfæste. De genoptog papiret flere måneder senere efter at have evalueret de økonomiske ændringer, som virussen medførte.

Tyler sagde, at han og hans bror begyndte at købe BTC i 2012. En del af begrundelsen for rapporten stammede fra evaluering af aktivets ydeevne midt i den omgivende økonomi i løbet af det sidste årti.

Mens et stigende antal bullish forudsigelser for Bitcoin dukkede op i hele 2020 , er nogle forblevet skeptiske, såsom guldbug Peter Schiff.

Service will also leave Colombia, where it faces strong competition from Rappi

The Uber Eats food delivery application will deactivate its services in Argentina within 30 days, Clarín reported Thursday (22). Uber has already communicated its employees in the country and also in Colombia, informing of the disconnection, as it had already happened in May of this year in Uruguay.

In a press release, Uber explained the reasons:

„We decided to discontinue the Uber Eats service in Argentina and Colombia. This will allow us to concentrate resources and energy in other markets Bitcoin Revolution around the world. This decision applies only to the Uber Eats service and does not affect Uber’s carpooling business. We remain fully committed to our investments in both countries, offering people a secure, affordable and reliable mobility solution“.

Argentina faces high inflation, a sharp devaluation of the Argentine peso and a rapidly growing epidemic of covid-19. However, nearby sources told Clarín that „the decision has nothing to do with Argentina or the country’s context“.

Bitcoin price in Argentina follows parallel dollar and ignores government quote
„It has to kill the Argentine peso,“ says the American economist on the new crisis
Uruguay becomes a destination for Argentines who want to pay less tax
Uber would have made the decision to focus its business where there is less competition and where Uber Eats arrived before the majority, establishing itself as one of the leaders in the sector, as happens in Brazil and Chile. The application came last in Argentina compared to its local competitors, which made its consolidation in the market difficult.

Moreover, in Colombia Rappi’s strength in the already dominant segment, which makes competition costs much higher.

The U.S. company said it was a difficult decision and sought to minimise the impact that its withdrawal from the country would have on its partner suppliers, restaurants and delivery companies by compensating them with what the company called an „economic incentive.

The delivery application has been in operation in the neighbouring country since 2018, but its shutdown will not affect Uber’s basic travel and passenger transport service.

The European Central Bank is moving further and further away from its roots: Now the ECB President, Christine Lagarde, announced on Wednesday that she was rethinking the inflation target. Such a change would have serious consequences for German savers – it remains a driver for Bitcoin Rush.

„We have to thoroughly analyze the forces that are driving inflation dynamics today and consider whether and how we should adapt our strategy in response, “ said ECB chief Christine Lagarde on Wednesday at a conference in Frankfurt. “We should have an inflation target that is credible and that the public can easily understand. ”

After the US Federal Reserve, the European Central Bank is now also shaking its inflation target as a “crisis preventer ” . With this argument, the ECB could pump even more cheap money into the markets and, despite rising inflation, keep the key interest rate at zero or even lower it further. Such a step goes against the 2003 Treaty on the Functioning of the European Union, which sets the primary objective of the ECB in ensuring price stability. A central bank that deviates significantly from its primary goals could lose credibility. Is Bitcoin now tipping the scales?

Pigeons versus falcons

Below, but close to, two percent. This is the current inflation target of the ECB in order to ensure price stability. The European monetary authorities will probably miss this target for the eighth time in a row this year. Since 2013, the annual rate of inflation has been well below the “below but close to two percent”. With 64-year-old Lagarde, a lot will change in the euro zone. It will let inflation off the leash.

Lagardefollowed as a monetary policy „dove“ on the Italian central banker Mario Draghi, who was also not averse to a loose monetary policy. The “pigeons” are considered supporters of a loose and expansionary monetary policy. They offer flagrant resistance to the hawks, who advocate restrictive monetary policy and see the fight against inflation as one of their main tasks. So everything indicates that the money party at the top will continue for the time being and that the hawks are probably going through difficult times. But while the peregrine falcon is chasing the pigeons, the split in the camps is helping Bitcoin, Ethereum and Ripple in particular to generate liquidity.

Emergency exit: Bitcoin

In particular, the global expansion of expansionary monetary policy and efforts by governments around the world to compensate for recession trends with government spending provided fuel in the crypto world. The mixture of escalating government debt ratios – i.e. the percentage ratio of a country’s debt to gross domestic product – and increasing price pressure had evidently led investors to increasingly look for opportunities to invest outside the traditional system of euros, US dollars and other national currencies . In the fight against inflation and devaluation of fiat Währunge n now see many investors to safe haven in Bitcoin or gold. After the first corona shock, both assets quickly grew again.

The first Bitcoin ETF receives approval, a state fund invests in Bitcoin and tons of blockchain patents from the Middle Kingdom. The top news of the week.

Welcome to the top bitcoin news of the week. This was of particular interest to our readers last week

For the past two years, hackers have been trying to break into the seventh largest Bitcoin wallet . An address that at today’s exchange rate is $ 714 million. According to the CTO of the cybercrime secret service Hudson Rock, Wallet.dat will be published in various hacking forums in order to finally crack the password. Alon Gal, Chief Technology Officer of the cyber crime company Under the Breach, now wants to solve access to Bitcoin Future with a super powerful quantum computer. This raises two questions: What is the chance that someone with a quantum computer can gain access to a random wallet with a lost password? And: do the developments in quantum computing pose a threat to the security of the Bitcoin blockchain?

First Bitcoin ETF receives approval

In 2018 and 2019, the Bitcoin ETF was the trending topic. Especially after the bubble burst two years ago, many investors hoped for another bull market through the approval of a Bitcoin ETF. Optimistic and future- oriented companies like VanEck failed several times when trying to issue a Bitcoin ETF. The Brazilian asset manager and fund provider Hashdex has now succeeded in bringing the world’s first Bitcoin ETF onto the market .

The Norwegian government’s pension fund, also known as the „Oil Fund“, has more than $ 1 trillion in assets. Including 1.4 percent of all global stocks. The fund is considered the largest sovereign wealth fund at all. Now the fund also indirectly holds almost 600 Bitcoin through its stake in the tech company MicroStrategy . So the fund has indirectly invested approximately $ 6.3 million in bitcoin. The stake in MicroStrategy amounts to 1.51 percent.

Alibaba is filing 10 times more blockchain patents than IBM this year

Blockchain patent race continues with Alibaba in the lead: According to the latest data, the country’s e-commerce giant, Alibaba, appears to be leading the way. In fact, Alibaba is a leader not just in China – but on a global scale. So submitted ten times as many patents as IBM. In terms of the total number of registered patents, IBM remains in first place for the time being. If Alibaba continues to patent at this pace, however, it could fight its way to the top until the end of the year. It is important to note that the large number of patents from China is also likely due to the government subsidizing these filing procedures. As a result, companies don’t have to pay for the patent application process, which is especially helpful for startups.

$ 100,000: New sales record for Bitcoin artwork

The digital work of art „Right Place & Right Time“, the representation of which is based on the price development of Bitcoin, was sold to the company TokenAngels for more than 100,000 US dollars . The artist behind the project, Matt Kane, created the NFT art object, which depicts a creative version of the Bitcoin logo. That is why NFTs are also being used more and more for art. The token is used to certify ownership of the respective object.

• Bitcoin is gestegen tot $11.050 vanaf het schrijven van dit artikel.
• De munt heeft meer dan 10% gewonnen van de dieptepunten eerder deze maand van $9.800.
• Tegenstaande de rally is Bitcoin volgens sommige analisten nog niet in een volledig bullish staat.
• Traders zeggen dat BTC de $11.200 horizontaal moet heroveren om te bevestigen dat de lopende rally benen heeft.
• Deze technische prestatie is misschien niet gemakkelijk, maar…

BTC MOET VERSCHUIVEN NA $11.200 NAAR BEVESTIGING VAN MEER OVERHUIVING

Terwijl veel analisten de Bitcoin-rally van $9.800 tot $11.000 hebben omarmd, is de cryptocurrency nog niet in een bullish staat.

Een handelaar zegt dat BTC, om de marktpartijen er echt van te overtuigen dat het in een bullish staat verkeert, wekelijks $11.200 aan steun zal moeten geven. Het probeerde dit te doen in augustus maar slaagde er niet in toen de munt begin september uitglijdt.

„Target / Major resistance finally hit, if you worried about price dropping from here and using leverage then close out your position and wait for this level to be flipped support… $11.200 is a key HTF level for flipping it will not be easy. „Bitcoin will have trouble breaking past $11.200, though.

Een cryptocurrency handelaar merkte onlangs op dat er een duidelijke samenloop van redenen is waarom de lopende rally van Bitcoin boven de $11.000 snel zal omkeren. Enkele van deze redenen zijn de volgende:

• 11.100 dollar is de 61,8% Fibonnaci Retracement van de daling van $12.000 naar $9.800.
• Er zijn twee belangrijke bewegende kortetermijngemiddelden op ongeveer $11.000.
• Er ontstaat een bearish CME kloof tussen de prijsactie van vrijdag en die van maandag.
• Er is afnemend volume als Bitcoin hoger beweegt, wat suggereert dat het bullish herstel aan kracht verliest. Het gebrek aan bullish volume kan leiden tot een omkering lager.

BITCOIN REMAINS LONG-TERM BULLISH

Analisten blijven ervan overtuigd dat de langetermijntrend van Bitcoin bullish blijft, ondanks alle ongelukken die zich op korte termijn kunnen voordoen.

Dan Tapiero, de medeoprichter van DTAP Capital samen met een aantal andere bedrijven, merkte onlangs op dat Bitcoin deze cyclus waarschijnlijk exponentieel zal groeien:

„Een enorme lange termijn Log Chart van #Bitcoin projecteert 5-10x op deze run. Gewoon nu al uit elkaar gaan. Zou moeten duren een paar jaar als 2.5yr consolidatie is fantastische basis voor katapult up. Het breken van oude hoogtes zal explosieve volgen. Tijd om te gaan zitten en geduld te hebben.“

Dit sentiment wordt bevestigd door langlopende on-chain signalen die aangeven dat Bitcoin op dit moment niet gewaardeerd wordt, waardoor de huidige prijzen een koopkans zijn.

De Winklevoss Twins – de hoofdbestuurders van de Gemini Exchange in New York – geloven dat de prijs van de bitcoin in de komende tijd mogelijk $500K kan bereiken.

De Winklevoss Twins zijn BTC weer helemaal aan het pushen

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Hoewel ze geen datum gaven met betrekking tot wanneer mensen kunnen verwachten dat ’s werelds nummer één cryptocurrency per marktcap dit cijfer te bereiken, zeiden ze wel dat met de huidige staat van de dollar en met goud op zo’n meteorische stijging in de afgelopen weken, bitcoin ziet er beter uit dan ooit, en dat de prijs zou kunnen raken een mark die niemand kon hebben voorspeld.

Ze merkten op dat het belangrijkste dat BTC op dit moment duwt, zijn nieuw verworven reputatie is als een potentieel instrument om zijn rijkdom af te dekken. Op dit moment hebben economieën over de hele wereld het zwaar te verduren, en bitcoin, goud en gelijkaardige activa worden beschouwd als producten die iemands inkomen en algemene rijkdom beschermen tegen de problemen die dit soort economieën met zich meebrengen, aangezien de inflatie enorm is.

In een recente blogpost schrijft de Winklevoss-tweeling:

Goud en olie zijn van oudsher betrouwbare waardebronnen. Omdat het schaarse grondstoffen zijn, maken ze betrouwbare afdekkingen voor de inflatie van fiatvaluta. Als gevolg daarvan hebben ze prijspremies afgedwongen boven de vraag naar hun consumptie alleen… Met dat gezegd hebbende, geloven we dat er fundamentele problemen zijn met goud, olie en de Amerikaanse dollar als waardeopslagplaatsen in de toekomst.

Ze leggen uit dat een van de grote problemen met het te veel vertrouwen op de dollar is dat deze veel te kwetsbaar is voor marktverrassingen, waarbij COVID-19 een groot voorbeeld is. Omdat niemand de opkomst van de pandemie kon voorspellen, heeft de nationale fiatvaluta van de Verenigde Staten vooral moeten reageren op de financiële ellende die de economie heeft moeten doorstaan, en als gevolg daarvan heeft de economie er sterk onder geleden.

Bovendien heeft de manier waarop de traditionele banken werken uiteindelijk hun gang kunnen gaan en kunnen ze de vele klanten die behoefte hebben aan financiële diensten en producten niet tevredenstellen. De tweeling stelt:

Geld dat in een bank is opgeslagen, wordt overreden. Geld dat geïnvesteerd is in activa zoals onroerend goed of de aandelenmarkt zal gelijke tred houden. Geld opgeslagen in goud of bitcoin zal de plaag overstijgen.

Gelijkheden met Goud?

De tweeling heeft ook besproken dat de bitcoin dezelfde gedragspatronen vertoont als goud, en suggereert:

Als we gelijk hebben over het gebruik van een gouden kader om bitcoin te waarderen, en bitcoin gaat verder met dit pad, dan is het bull case scenario voor bitcoin dat het ondergewaardeerd is door een veelvoud van 45. Anders gezegd, de prijs van bitcoin zou 45 keer kunnen waarderen van waar het nu is, wat betekent dat we een prijs van $500.000 per bitcoin zouden kunnen zien… Bitcoin zal doorgaan met het kannibaliseren van goud en dit verhaal zal dramatisch uitpakken in het komende decennium.