30th June, 2020 – The BTC Peers cryptocurrency news platform is looking to serve its audience by being the first to publish insider reports that may be useful to decision makers. BTC Peers is also looking to publish news before they occur or are announced. To obtain this information, BTC Peers is inviting both representatives of companies and insiders to help out. The site is ready to pay from $50 up to $5,000 for insider reports or news tips which lead to a published article based on the information provided.
Resources can send their tips, questions or completed articles via admin@btcpeers.com
The decision to publish will be made on the basis of the uniqueness, importance, and quality of the information the sources are ready to provide. The decision on the amount of remuneration will be made on the basis of the number of views, reposts, and links to the article, as well as the subjective opinion of the owner of the resource.
Andrey Sergeenkov, CEO of BTC Peers, believes that:
“the cryptocurrency industry craves independent platforms whose purpose is to convey information to investors, traders and decision makers before the news becomes relevant.”
Andrey added that he perfectly understands the frustrations of people of the highest echelons who come to major news sites, and end up having to deal with annoying personal data-collection, endless banners, pop-ups, and requests to subscribe to yet another useless newsletter.
BTC Peers has gone with a marketing-free approach, which means that readers will be free from data-collection, banners, pop-ups and other intrusive techniques that were invented by marketers to extract the maximum benefit from traffic – their word for their readers.
Andrey Sergeenkov commented:
“We treat our readers like people and will never chase a million audiences. – We would better serve helping the individual decision-makers than would crunching by millions in gray metrics that have no actual value.”
BTC Peers also invites any interested news sites, startups, or PR agencies to collaborate, as well as those individuals who simply want to make the world a better place. BTC Peers is also looking for guest articles from talented authors and analysts who want to convey their thoughts to an audience that has great influence in the industry. Some articles will be paid, depending on the quality of content, from $10 to $500. The decision on the amount of remuneration will be made based on the number of views, reposts, and links to the article, as well as the subjective opinion of the owner of the resource.
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Email admin@btcpeers.com
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BTCPeers is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.
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In the past, it used to be a big deal for a cryptocurrency to get listed on Coinbase, since a listing on that exchange usually led to a big rally, which is known as the Coinbase effect. However, according to data aggregated by CoinMetrics, the Coinbase effect is now dead.
CoinMetrics analyzed the market data of 16 cryptocurrencies which were listed on Coinbase and found that the most common result was a 4% increase 10 days after being listed. Considering the volatility of the crypto market, a 4% gain in 10 days cannot even be considered significant, since the crypto market naturally varies by more than 4% all the time.
Further, the average price change from 10 days before a listing to 10 days after a listing was -1%. Literally, on average cryptocurrencies actually slightly declined when they are listed on Coinbase.
Additionally, Coinbase often puts out announcements that they are ‘exploring’ a cryptocurrency and considering adding it to the exchange, and CoinMetrics found that these exploratory announcements had no significant impact on the market prices of the cryptocurrencies being considered.
That being said, were some outliers that did see a legitimate Coinbase effect, including Tezos, Chainlink, and OmiseGo which saw price increases of 50%. Therefore, it is possible for crypto to see a significant rally when it is listed on Coinbase, but it is the exception rather than the rule.
Zooming out, the fact that the Coinbase effect is pretty much dead, and that cryptocurrencies listed on Coinbase usually don’t see a rally anymore, is likely a side effect of altseason being permanently over, and the decline of the altcoin markets in general.
Essentially, crypto users generally buy Bitcoin nowadays, and if they don’t buy Bitcoin they are most likely to buy a major cryptocurrency like Ethereum or Litecoin. Coinbase already lists these major cryptocurrencies, and many more major and non-major cryptos, and therefore customers are already satisfied with the crypto variety on the exchange.
In other words, even if Coinbase adds an altcoin, its users are generally only interested in buying Bitcoin or Ethereum, and will not give a newly listed altcoin consideration.
Indeed, investing in the altcoins that Coinbase has under consideration at this point, such as Siacoin and VeChain is equivalent to investing in a crypto platform. This is much different than investing in Bitcoin, since the future profits of altcoin investments depend on the success of the company or platform behind the altcoin, unlike a Bitcoin investment where the future profits generally depend on the growth of crypto adoption.
Thus, even though Coinbase is the biggest retail exchange in the United States, and listing a crypto on Coinbase should theoretically lead to a spike in demand and a rally, in reality, Coinbase users are not interested in the altcoins that are being listed, and instead, prefer major cryptos like Bitcoin and Ethereum. In a nutshell, this is why the Coinbase effect is dead.
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The LKS Foundation is an Italian non-profit foundation that aims to promote initiatives that use the principle of sharing information through blockchain technology and spread the culture of fintech to innovate in sectors such as crowdfunding, ICO, and decentralized finance technologies.
The Foundation’s President, Federico Olivo, is chairman and co-founder at Vistra SRL, a company specialized in offering consult and training services on Quality, Health, Safety and Environment (QHSE). With over 20 years of experience, Federico has a background in entrepreneurship, management, process mapping, and optimization; offering a unique perspective to the LKS Foundation. All members ...
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There has long been speculation in the crypto space that institutional investment would be the driving force that would lead to the biggest crypto rally ever by far, and now the crypto experts at Messari have run some calculations. They have found that if institutional investors on average put a mere 0.5% of their portfolio into Bitcoin, then Bitcoin would surge to USD 37,000, which is nearly double the all-time high of USD 20,000 in December 2017.
What would it look like if institutional investors followed Paul Tudor Jones and allocated a “low single-digit percentage” to #Bitcoin?
Here’s what we found using our best estimates of global inst. investor AUM.
TL;DR?
Hundreds of billions if not trillions $ in inflows
— Ryan Watkins (@RyanWatkins_) June 23, 2020
In order to perform these calculations, Messari first figured out approximately how much money institutional investors have, and then institutional investors were divided by category. As can be seen in the chart above, it was determined that Endowments & Foundations have USD 2 trillion of assets under management (AUM), Family Offices have USD 5.9 trillion AUM, Sovereign Wealth Funds have USD 8.2 trillion AUM, Pension Funds have USD 40.2 trillion AUM, and Mutual Funds have USD 48 trillion AUM.
Truly these numbers are astronomical, with a total of USD 104.3 trillion of assets held by institutional investors globally. To put this in perspective, this is equivalent to the collective wealth of the entire United States, and tens of trillions of USD more money than the collective wealth of all of the European nations combined.
Messari then calculates a theoretical scenario where 0.5%, 1%, 1.5%, 2%, and 2.5% of the portfolios of institutional investors is invested in Bitcoin. Notably, the firm accounts for the ‘fiat amplifier’, since flows into an asset do not correspond 1 to 1 to price increases for the asset. Basically, due to relatively little liquidity, the price of Bitcoin rises 2 times to 25 times more than theoretical calculations would indicate.
In other words, the spot market would likely run dry of supply if institutional investors were buying billions of USD of Bitcoin at a time, and this supply crunch results in rapidly rising prices.
Depending on your assumptions, an aggregate 1% institutional allocation to Bitcoin can easily bring Bitcoin’s marketcap above $1 trillion, or over $50,000 per BTC pic.twitter.com/8vogmvevWf
— Ryan Watkins (@RyanWatkins_) June 23, 2020
In the above Tweet is a chart showing how the market cap of Bitcoin would change using several different fiat amplifier values, and it can be seen that the fiat amplifier makes a huge difference.
Ultimately, Messari found that if institutional investors on average put 0.5% of their portfolio into Bitcoin, the Bitcoin market cap would rise by USD 521 billion, skyrocketing Bitcoin’s price to roughly USD 37,000.
It is quite promising that even a 0.5% average investment from global institutional investors could move the market to nearly double all-time highs. Further, this estimate is quite conservative since it uses the lowest possible fiat amplifier. If the fiat amplifier ends up being high in real-life, which is quite likely since USD 521 billion of institutional investment would cause Bitcoin’s market supply to become quite scarce, then Bitcoin could easily head to over USD 100,000.
Zooming out, these theoretical calculations show that not only would a relatively small percentage of the portfolios of global institutional investors be enough to ignite the biggest Bitcoin rally ever, but also that even a single institutional investor, or a big Bitcoin purchase in general, is probably enough to fuel a significant Bitcoin rally.
Basically, Bitcoin’s market cap is just over USD 0.17 trillion at this time, and this is very small relative to the gold market cap of USD 10 trillion, and the stock market cap which is many tens of trillions of USD. Therefore, Bitcoin is actually an extremely small market relative to other global markets, and literally even one big institutional investor could be enough to spark a record-breaking Bitcoin rally.
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It has been a tale of repeated trolling by Bitcoin markets this week, with the direction becoming no clearer than it was last week. Prices continue to trade in an ultra tight range just above USD 9,000 and below USD 9,500 as bulls seem unwilling to start their rampage to USD 10,000 just yet, and bears also are hesitant to try and break critical support lines.
Bears will see buyer exhaustion but bulls will say consolidation. As ever, we take a look back on the most significant items of news to affect trader sentiment over the past week.
The first is the rumor floating around that PayPal and Venmo are both on the verge of adding direct Bitcoin wallets to their platform, allowing their millions of users to start buying and selling crypto on the fly. The news comes from an insider in PayPal, so we wouldn’t be too quick to confirm the veracity of it, least of all because the claims say that these will happen in three months or sooner! The quotes said:
“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo. They are going to have some sort of a built-in wallet functionality so you can store it there.”
Nevertheless, the fact that PayPal apparently declined to comment instead of providing outright denial suggests that something not far from the truth is on the cards? It is worth noting also that PayPal does have a close business relationship with crypto exchange Coinbase at least since 2016. Not only that, they have been recently inking new deals to allow instant fiat withdrawals to PayPal for US, European and then Canadian customers in stages from 2018. So another deal in the works integrating with Coinbase isn’t too far-fetched for now.
We should also remember that in January, PayPal began seeking people to fill positions in its new Blockchain Research Group, based in San Jose and in Singapore. They are also probably looking to heal some of the hurt from abandoning their initial cooperation with Facebook’s crypto project Libra in 2019 once US regulators began taking it apart.
Speaking of Bitcoin-enabled payments, this week Venezuela also put a stop to its Bitcoin scheme for passport applications. Its Administrative Service for Identification, Migration, and Foreigners (SAIME) had allowed citizens overseas to pay with BTC for renewal applications but this week, the website said the service was temporarily out.
There had been no official announcement of the addition of Bitcoin payments, so the lack of an announcement of its closure shouldn’t come as a surprise, but people will be wondering what led to its removal, or if it will ever return.
On the other hand, people can still pay by traditional means like Visa or Mastercard. Or, if you happen to own that dubious crypto called Petro, it’s also accepted as payment.
But perhaps we reserve the biggest news on market sentiment for last, as we are now on the day that a supposedly massive amount of Bitcoin futures will expire on derivatives exchanges. The expectation that USD 675 million worth of Bitcoin option that expired today caused a drop in Bitcoin price, as traders decided it wasn’t worth predicting the effect it might have on volatility, as more and more experts find correlation between futures expiry and Bitcoin price movements.
BTC
🔥74k BTC out of 138k total OI in BTC options has just expired or 53% with a notional value of approximately USD 675 millionETH
🔥 309k out of 717k total OI in ETH options has just expired or 43% with a notional value of approximately USD 71 million— Deribit (@DeribitExchange) June 26, 2020
The 7% or so drop on Wednesday, however, correlated with mass uncertainty in stock markets in the USA, which came along with other worrying data such as increased infection rate for COVID-19 and increasing unemployment. This meant that risky assets like stocks and Bitcoin took a tumble, although that was also probably exacerbated by miners selling 1,379 more coins this week that they had mined in the previous.
Skew’s data placed most of these option expiring on Deribit, which has slowly been capturing a larger market share of options, in terms of volume as well as open interest. Currently, it accounts for 75% of all options available. CME comes in second but is far off the pace with only 17% of the market share.
Deribit CEO John Jansen disagreed that options expiry caused volatility though, as in-the-money call options were limited at above the current price range. This type of option allows a trader to buy Bitcoin cheaper than market value, meaning the prediction was that Bitcoin would go up in previous months. Thus, newly opened options contracts shouldn’t create any additional demand for buying or pressure for selling. Jansen explained:
“We will witness the biggest expiry to date and 115K contracts will expire, out of which 74K is held at Deribit. Total market open interest is just below $2 billion, another record, and confirmation of client interest in the asset class. Chances of volatility surges are small, as the number of ITM options is limited at these price levels.”
So far, he’s turning out to be right.
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As you may know, given the increasing development in technology and network communications, investment and business is not as it was in the past. It has undergone a paradigm shift. Traditional markets and physical communications are no longer the case. It’s the same for physical marketing and commercials. The time for middle-men is over and people do their business smarter than in the past.
With the advent of the new Blockchain technology in 2009, the cryptocurrency Bitcoin (which many of you may know or have even worked with) was introduced to the business world and has attracted the attention of investors during these years.
However, this was only the beginning, and as time went by many other services from this new technology were offered to users, among them online crypto exchanges. Allow us to introduce a new and different online crypto exchange:
Counos OÜ decentralized exchange is a peer to peer and community-based decentralized exchange that enables users to exchange cryptocurrencies in a secure and free environment. By using our DEX services, each person can exchange his/her digital assets (cryptocurrencies) to other cryptocurrencies or even to fiat money. Counos DEX is run and operated by Counos OÜ, which is a Company registered in the country of Estonia (EU Zone) and has acquired all the necessary permits and licenses for operation.
You can use the Counos Decentralized Exchange to transfer Cryptocurrencies like Bitcoin, Counos Coin, Counos X, etc., and fiat money like Swiss franc, dollar, Euro, etc., which can be easily exchanged with one another. With Counos Decentralized Exchange, money transfer is simple.
We must mentioned that in order to transfer fiat money, it is better to use Counos X, because this cryptocurrency has a better price stability compared to other coins and cryptocurrencies, and you can use this coin as the basis for your buying and selling. You can also benefit from this cryptocurrency by buying them for a lower price and selling them for a higher price, like buying and selling fiat money such as dollar and Euro.
In order to provide security for its users, Counos DEX cryptocurrency exchange has some features, discussed below:
First, the Counos Decentralized Exchange is registered in the European Union and has acquired all the necessary permits and licenses for operation, with offices and legal entities.
The second point is that users’ assets are not staying to the exchange or other individuals. Simply a wallet address is created in the escrow system which acts as an intermediary account which is called a MultiSig wallet (a multi-signature wallet) with three distinct private keys, each for one side of the contract, one for the buyer, one for the seller, and one for the escrow agent. The Cryptocurrency in this wallet can only be accessed with at least two private keys, thus guaranteeing that no party can access the assets alone.
For example, if you want to sell cryptocurrencies and get fiat money, then you can register your request by looking for the right market for you, comprised of your cryptocurrency and the fiat money you want to receive. After that, the system will give you the best markets suited for your need and after you submit the request, the exchange will ask you, the seller, to send the cryptocurrency to the MultiSig wallet, but this does not mean that the cryptocurrency will be sent for the buyer, because two private keys are needed to access the assets in a MultiSig wallet.
It needs to be mentioned that in Counos DEX exchange, there are three legal escrow agents which are as follows: a legal firm with an official attorney at law registered in EU, an official attorney at law registered in Switzerland, and also the agent from the Counos Decentralized Exchange who has the official license for providing the wallet and exchange. Each agent has its own determined fees, and people can choose between them.
The escrow agent chosen for any smart contract has one of the three private keys to the MultiSig wallet, and thus ensures that the assets in the MultiSig wallet cannot be accessed unless both parties to the contract, the buyer and the seller, are happy with the result of the contract.
After the seller transferred the cryptocurrency to the MultiSig wallet, then the buyer has to make the payment and upload the scanned receipt of the transfer. Parties have 10 hours to make their payments and upload the receipt to be approved, after that, if the transfer has not taken place, then each side of the contract can make a complaint. At this time, the escrow agent will review the documents and see who is right. Since the assets in a MultiSig wallet are released with two private keys, then the escrow agent can release the assets to the party who is the right one in the dispute and has upheld his part of the contract. In this way, there is no possibility of fraud and no possibility for sustaining loss.
The example given above was for an exchange of cryptocurrency with fiat money, but another type of exchange that usually takes place is the exchange between Crypto to Crypto. In this type of exchange, users don’t need to have KYC. In this type of transactions, the parties to the contract have first one place order has 45 hours to deposit the cryptocurrency to the MultiSig wallet, and other one 10 hours after then the exchange will take place quickly and easily, otherwise, transaction going to be cancel.
You can do this easily and safely, in the shortest amount of time possible, with Counos Decentralized Exchange. You can do this by buying Counos X with Euro, or any other cryptocurrency (it is better to use Counos X because it has a better price stability as a basis for buying and selling) and then sell this cryptocurrency to get the fiat money that you want, for example U.S. dollars. To do this you can submit an offer in the exchange or use the existing ones, and then sell your cryptocurrency and get fiat money in exchange.
Although you should know that in the existing market of Counos Decentralized Exchange, there are many offers for buying and selling that you can use, and you can even submit your own offer in the market to buy whatever you want. Moreover, you can use your own personal account to receive or transfer fiat money.
You can see that many people need these services for business, buying and selling, and money transfer solution, especially in countries where there are issues in money transfer. So by identifying these people and using this technology, you can create an exchange for yourself, and by increasing the domain of people and transfers you can develop your exchange. In this way you can make money while also having a money transfer solution.
Also, the crypto market is based on supply and demand. You buy your cryptocurrency, like Counos X, and then submit your offer in the market of Counos Decentralized Exchange with a competitive price to sell your cryptocurrency. In this way, with a simple buying and selling process, you get the benefits.
There is a lot of demand for money transfer services, so why not use this opportunity and create your own exchange. Given the current financial conditions, there are clear benefits from using the money transfer solution that we offer.
The last but not least is that the Counos Decentralized Exchange enables users to engage in trades no matter where they are, regardless of geographical and legal limitations. The aim of Counos Decentralized Exchange is that each person can act as an exchange and engage in financial transfers through buying and selling cryptocurrencies from anywhere in the world with no limitations.
Disclaimer: this is a paid for, sponsored article. Counos DEX is the source of this content and is responsible for the content, and the accuracy of the content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This article is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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Bitcoin Press Release: To educate Crypto-enthusiasts and prepare them for upcoming market conditions, A group of well-respected crypto experts have expressed their thoughts on the recent COVID-19 crisis, and its effect on the global crypto markets.
19th June 2020, London, United Kingdom: The COVID-19 pandemic has had an unprecedented impact on our daily lives, our ability to interact and our financial structures and security. Blockchain technology has been around for over a decade, and there are now thousands of projects that seek to utilize its limitless potential to solve some of the world’s most pressing issues.
Coin Journal has assembled a veteran team of experts in the field of cryptocurrency and financial technology, to gain some valuable insights into what the world may look like after the COVID-19 pandemic has passed. Globally, we can only hope that containment of this danger is now within our grasp, but we can only speculate to the long-term impact that it will leave in its wake.
Heavyweight Opinion
The panel is headed by Yoni Assia, the CEO of the world’s largest social investment network, eToro. Yoni also brought his market analyst and renowned crypto expert, Simon Peters to the table. The next to join the team, Ciara Sun, is currently employed as the Head of Global Markets at Huobi Group, a global blockchain financial asset service provider. The panel also has the founder of virtual currency platform, Coincurve, and CEO of Interlapse, Wayne Chen. Finally, the panel would not be complete without the 15-year veteran of Wall Street technology and CEO of BSV blockchain service provider, TAAL; Mr Jerry Chan.
They discuss the potential effects of unlimited quantitative easing, the need for a Universal Basic Income (UBI), and how blockchain technology can be a tool for research teams to interact with transparency on a global scale. The team reveal evidence that shows how cryptocurrency stands resilient against the economic downturn caused by social distancing measures and the closure of businesses that have succumbed to the strain.
Article Excerpts
Speaking exclusively to Coin Journal on the idea of Bitcoin as a ‘safe haven’ asset, eToro CEO Yoni Assia noted that crypto and fiat markets moved in tandem at the start of the COVID-19 panic. Market Analyst Simon Peters then noted a shift, which he describes below:
“Interestingly, this is backed-up by eToro’s platform data, which shows a 77% increase in new registrants whose first action was to invest in Bitcoin. As the price of Bitcoin is travelling in the same direction as gold, you could argue investors view it as a safe haven asset.”
Other areas of the article speak about the survival of market segments, and the implementation of blockchain technology, especially across supply chains. TAAL CEO Jerry Chan had thoughts relating to limiting the spread of COVID-19 using blockchain technology:
“Pharmaceutical companies have realised the potential application of a scalable version of Bitcoin blockchain, which can be used to track COVID-19 testing and vaccination records, cross-state and cross-borders, in a way which could be used to corroborate or validate statistics submitted to global health organisations.”
The full interview is exclusive to Coin Journal, and interested readers can find the full article containing the detailed discussion of the expert panel here: https://coinjournal.net/news/how-will-bitcoin-perform-after-the-covid-19-crisis-has-passed/
Media Contact Details
Contact Name: Chris Roper,
Contact Role: Senior Cryptocurrency Editor, Investoo Group
Investoo Group is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.
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