Monthly Archives: November 2020

They moved a billion dollars in Bitcoin associated with the black market of Silk Road

Two crypto intelligence companies reported that a billion dollars was moved in Bitcoin associated with Silk Road. Who was it?

Yesterday CipherTrace published a report where it was reported that an anonymous user moved 69,370 Bitcoins from an address associated with Silk Road. We tell you everything!

Bitcoin associated with Silk Road

Silk Road was closed by the US authorities in 2013, as the site allowed people to sell drugs and other illegal products. Two years later, its creator, Ross Ulbricht, was sentenced to life in prison.

Now CipherTrace has reported that 69,370 Bitcoins, or more than USD 960 billion, were moved in two transactions from a wallet of an Crowd Millionaire connected to Silk Road.

Elliptic, a crypto intelligence company, also reported the move. However, in the report Tom Robinson, co-founder of Elliptic, stated that he is not quite sure who owns the funds.

“I would say that I am 60% sure that these funds are from Silk Road at this time, I am not sure,” Robinson said.

Let’s remember that this wallet address associated with the Silk Road case, before the recent move, had the fourth highest balance of any Bitcoin address.

We should also bear in mind that an encrypted file has been circulating on hacker forums for the past year. Apparently, this file has the crypto keys needed to take over Bitcoins at this address.

There is therefore a possibility, albeit a small one, that a hacker managed to obtain the keys. But there is also the possibility that it was Ulbricht himself.

What do you need to know about this case?

According to Elliptic, Silk Road attracted about 150,000 buyers and thus 4,000 suppliers. Illegal negotiations and exchanges apparently took place, resulting in total sales of USD 183 million.

At the time, the FBI apparently confiscated approximately 174,000 Bitcoins belonging to Ulbricht. After they were confiscated, these Bitcoins were auctioned off by the US government.

However, it seems that the numbers are not entirely accurate. The reason is that the total commissions earned by Silk Road are believed to have totalled 614,000 Bitcoins. So the question is, where is the rest?

Let’s bear in mind that that amount of Bitcoin is currently valued at $6 billion.

“There has always been a suspicion that Silk Road profits can remain in circulation,” said Robinson.

Who will be behind this move? What will be the next step? We’d like to know your opinion!

Buy Bitcoin: Fund manager believes that every bank will buy BTC in the future

Buy Bitcoin!- This is the advice Bill Miller, founder of the investment firm Miller Value Partners, gives to the listeners in a recent interview with CNBC.

Miller, who has more than 20 years of experience in the investment field, advises to buy Bitcoin. Compared to other assets, the crypto currency dominates in the 1-year, 5-year and even more so in the 10-year perspective.

Bitcoin is an enormous chance and one should use this purchase opportunity now, so Miller.

Bitcoin: Each bank will buy sometime BTC

The Bitcoin roller coaster was also present this year. When the markets set off south in March under the impression of Covid-19, the price of the digital crypto currency BTC also fell sharply. In absolute terms, we saw a price level of around $4,000.

With the slow recovery of the stock and financial markets, Bitcoin Pro also began to recover. In the meantime, the price is quoted at a level of around $15,000.

Bill Miller starts at this point in his CNCB interview. Admittedly, he admits that the volatility of the crypto currency was high this year. But the same is now also true for shares and other asset classes.

The recent movements of Bitcoin are however a sign of stability. While few years ago the question arose again and again whether the Bitcoin course could fall to 0$, today probably hardly humans place themselves this question.

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Support from Wall Street

Miller sees the support Bitcoin has received from Wall Street as a particularly strong signal. Wall Street sees Bitcoin as a necessary hedge in times of low interest rates and rising inflation.

Miller repeats a common narrative in this context. He believes that the monetary policy of the Federal Reserve Bank will lead to rising inflation. A hedge against this loss of purchasing power is therefore necessary. In his opinion, banks are now increasingly seeing Bitcoin as such an instrument alongside gold.

I think that every large bank, every large investment bank and every company with a high market capitalization will eventually hold a position in Bitcoin.

In short: Miller believes that all relevant players in the financial world will be confronted with Bitcoin in the future and will buy Bitcoin, at least in small parts.
The golden law of supply and demand

At this point we may once again recall the golden law of supply and demand for pricing in markets. Finally, the third Bitcoin Halving took place in May of this year.

According to this, the newly created supply of BTC was halved. Especially in times of quantitative easing, Bitcoin’s supply and monetary policy represents a real contrast. Miller therefore stresses that Bitcoin and its pricing is simply the logical result of supply and demand.

With the fixed parameter of 21 million BTC and the fact that demand – stimulated by large companies – is higher than supply, a further price increase is logical.

Po tym, jak Kanye West i PewDiePie znani Rapper Logic popierają Bitcoin

Bitcoin zyskał ostatnio wiele uwagi po ogromnym wzroście, który spowodował przekroczenie granicy 15 000 USD i zaszokował wielu. Zasób ten był obserwowany przez wiele międzynarodowych celebrytów i wygląda na to, że słynny raper Sir Robert Bryson Hall II, popularnie znany jako Logic, jest najnowszym, który promuje Bitcoin, a ogłoszenie pojawiło się zaraz po tym, jak Bitcoin wykonał ogromny ruch i zyskał popularność na Twitterze.

W tweecie 7 listopada emerytowany raper i twórca treści, którego rekordy wielokrotnie znajdowały się na szczytach list przebojów, zauważył, że jego menedżer Chris Zarou przekonał go do zakupu Bitcoina.

Chociaż szczegóły dotyczące inwestycji nie zostały ujawnione, Logic wspomniał w swoim tweecie, że była to „duża inwestycja w #bitcoin”

Logic ma ponad 2,3 miliona obserwujących na Twitterze, a społeczność wydawała się podekscytowana wejściem rapera do świata kryptowalut. Z drugiej strony, niektórzy martwili się o jego czas wejścia z powodu ruchu za 1500 $ dzień wcześniej, a gwałtowna korekta mogła zmienić zdanie rapera.

Jest to jednak mało prawdopodobne, ponieważ menedżer Logic Zarou wydaje się być zwolennikiem Bitcoina, ponieważ kilka dni wcześniej napisał na Twitterze, że jest „nieodpowiedzialnie długi” na Bitcoinie.

Termin nieodpowiedzialnie długo został sformułowany przez zarządzającego funduszami hedgingowymi i byka Bitcoin Raoul Pal, który uważa, że ​​Bitcoin może osiągnąć milion dolarów w tym cyklu rynkowym w wyniku zainteresowania instytucjonalnego.

Logic nie jest jedynym artystą, który stawia na Bitcoin, ponieważ jest wspierany przez zdobywcę nagrody Grammy i kandydata na prezydenta Kanye Westa, który w zeszłym miesiącu transmitował na żywo popularny podcast Joe Rogan i chwalił Bitcoin.

W międzyczasie pewna sensacja YouTube’a PewDiePie zaprezentowała swoim 107 milionom subskrybentów na początku tego miesiąca niewymienialne tokeny (NFT) i kryptowaluty, promując grę w stylu Pokemona o nazwie Wallem, w której również sprzedaje swoją „skórkę PewDiePie” w grze jako NFT.

Bitcoin rajd nie jest napędzany przez inwestorów detalicznych

Pomimo, że wiele celebrytów popiera kryptowaluty, takie jak Bitcoin, dane z Google Trends pokazują, że zainteresowanie terminem „Bitcoin” i innymi powiązanymi wyszukiwaniami było wciąż na najniższym od wielu lat poziomie.

Może to być wskazówką, że obecny wzrost jest napędzany przez graczy instytucjonalnych, takich jak Grayscale i inni zarządzający funduszami, na podstawie liczb zgłoszonych przez te instytucje.

Dostawcy usług płatności mobilnych Square’s Cash App również odnotował znaczny wzrost przychodów w trzecim kwartale dzięki Bitcoin. W oparciu o raport finansowy dla amerykańskiej Komisji Papierów Wartościowych i Giełd, Bitcoin stał się największym źródłem przychodów dla aplikacji Cash App.

Biorąc wszystko pod uwagę, Logic i inne gwiazdy wchodzące na rynek Bitcoin to wciąż dobra wiadomość dla całej branży, jeśli chodzi o popularyzację tej dość nowej klasy aktywów.

O bilionário Jeffrey Gundlach uma vez chamou a Bitcoin de “mentira”, mas agora diz que você pode comprá-la

Muitos críticos de Bitcoin estão mudando sua posição em relação à moeda criptográfica. Alguns passam de condená-la abertamente a tolerá-la lentamente, enquanto outros a abraçam de braços abertos.

Jeffery Gundlach, co-fundador e CEO da empresa de investimento DoubleLine Capital LP, com sede em Los Angeles, expressou recentemente sua crença de que a bitcoin é uma boa escolha de investimento, pois serve como uma cobertura contra a inflação.

Ambos os ativos têm provado ser ativos seguros em tempos de crise econômica

De acordo com um tweet recente, o gerente do fundo de hedge compartilhou sua nova opinião durante um webinar da Rosenberg Research que aconteceu ontem. Ele mencionou que ouro físico e ouro digital, bitcoin, são dois grandes ativos que os investidores precisam possuir para se protegerem contra a inflação.

O bitcoin já há muito tempo tinha obtido seu título como o ouro digital devido a suas muitas semelhanças com o ouro físico. Ambos os ativos têm provado ser ativos seguros em tempos de crise econômica.

Gundlach: Bitcoin é uma mentira

Entretanto, é bastante interessante ouvir isso de Gundlach, já que ele havia revelado claramente sua antipatia pela moeda criptográfica quando ele chamou o bitcoin de “mentira” em uma entrevista com a Business Insider há apenas um mês.

Durante a entrevista, Gundlach ficou particularmente desagradado com a “falta de anonimato” do bitcoin. Ele disse: “Eu não acredito em bitcoin”. Eu acho que é mentira. Acho que é muito rastreada, rastreável. Eu não acho que seja anônimo”.

Em vez disso, ele disse que preferia ativos tangíveis a moedas digitais, como o bitcoin. “Eu prefiro coisas que eu possa colocar no porta-malas do meu carro. Eu prefiro meu Mondrian na parede a uma entrada digital que tenha o mesmo valor”.

Embora Gundlach não esteja muito convencido sobre o bitcoin, ele havia feito muitas vezes previsões positivas em relação ao preço do ativo digital.

Esta recente declaração dele, no entanto, é uma indicação de que ele conhece bem o valor do bitcoin e sua utilidade como uma cobertura contra a inflação.

Com muitas figuras públicas e entidades governamentais apoiando o uso do bitcoin e até mesmo usando-o elas mesmas, é seguro dizer que a adoção generalizada da moeda criptográfica pode acontecer mais cedo do que mais tarde.

Há apenas uma semana, o governo iraniano endossou o uso de bitcoin legalmente minado para financiar importações de outros países e várias outras transações internacionais.