Bitcoin „Libre“: Político húngaro atrapado robando electricidad para la mina BTC

Thomas Borka-Saxon, representante municipal de la Coalición Democrática (DK) en Budapest, Hungría, ha sido sorprendido robando la electricidad del gobierno para explotar Bitcoin desde su oficina, informa HVG.

El deshonrado político ya ha dimitido y abandonó abruptamente el partido debido a las protestas.

El rumor de la ciudad

Budapest tiene un sistema administrativo de dos niveles y está dividido en un total de 23 distritos administrativos.

La operación de minería sigilosa de Bitcoin se convirtió en un tema candente en las noticias nacionales después de que la policía registrara el edificio de Erzsébetváros (Elizabethtown), el séptimo distrito gubernamental en el que Borka-Saxon actuaba como miembro de su órgano representativo, y se incautara de su equipo de minería.

El alcalde de Elizabethtown, Péter Niedermüller, puso al ex miembro de su partido en una ardiente entrada de Facebook:

„Un compañero del partido… me ha decepcionado gravemente. O tal vez esa no es una palabra lo suficientemente fuerte. Me ha traicionado. El estado de derecho, la observancia de los principios morales se aplica a todos. Y a los miembros de mi partido en particular“.

Niedermüller – el candidato de la oposición que fue elegido como alcalde del distrito el año pasado – cree que el incidente ha manchado la reputación de su partido.

No está claro cuántos Bitcoins „libres“ de Borka-Saxon han logrado minar sacando la energía eléctrica de su oficina.

Minería ilegal de criptografía

Aunque es perfectamente legal en Hungría, la minería de Bitcoin requiere mucha electricidad. El consumo de energía de toda la red está ahora a la par con la República Checa.

Muchos oportunistas – desde estudiantes americanos a científicos nucleares rusos – han sido arrestados robando electricidad para extraer monedas preciosas de forma gratuita.

Como informó U.Today, un hombre australiano fue sentenciado el mes pasado después de extraer Monero en supercomputadoras propiedad del gobierno.

Ripple as a world currency? – CTO dampens expectations of single currency

Some people still dream of Ripple (XRP) being part of a world currency. In a recent series of tweets, Ripple CTO David Schwartz speaks about his very personal view of the US dollar and world currencies in general. In this article, we take a brief look at Schwartz’s opinion.

Ripple CTO Schwartz to World Currencies

In a series of tweets on October 19, Ripple CTO David Schwartz spoke about the role of the US dollar as a world reserve currency. Schwartz said that the importance and role of the dollar is definitely declining.

Still, he doesn’t think that a single currency could compete with the BitQT in the near future. The same principle applies to stablecoins – there is also a market leader here, but there are several providers.

“I don’t think there will be a single world currency anytime soon. The same applies to the stablecoins, there are also many here.

No global stablecoin in sight

Stablecoins are a hot and sensitive topic, especially for nation states. The reputation of a threat from stablecoins for national currencies echoes again and again.

A roadmap that the G20 Financial Stability Board (FSB) published last week deals with the topic of stablecoins. Ripple’s favorite topic, namely cross-border payments, is also discussed.

In the roadmap and the paper, both the opportunities offered by stablecoins and the associated risks are discussed. Of course, the report also deals with digital central bank currencies (CBDCs), which the International Monetary Fund and the World Bank are working on with other central banks.

Even if this could accordingly mean that there will soon be “a currency that rules them all”, believes – and now we come back to Ripple CTO – Schwartz does not think so.

I think that many digital and fiat currencies are competing for the role of world currency. There is clearly room for more than one currency. In any case, I see that the role of the USD is becoming less important worldwide.

Ripple as a solution: A bridge is needed

Of course, Schwartz also used the opportunity for a ripple (XRP) pitch. The CTO said that an asset that was as neutral as possible was needed to act as a bridge for the various currencies.

However, the CTO honestly emphasized that Ripple cannot become a bridge for world currencies on its own. After all, the network cannot process the entire world’s transactions.

The XRP Ledger cannot process all the transactions in the world and I therefore do not suggest the “1 network” solution. That would be unrealistic. People have different problems and therefore need different solutions. However, XRP can still be the backbone for international payments.

Hat Bitmex das Vertrauen der Händler verloren?

Bitcoin: Hat Bitmex das Vertrauen der Händler verloren?

Jeder kennt die BitMEX-Situation, nachdem ihr CTO, Samuel Reed, am 1. Oktober verhaftet wurde. Die Implikationen, die sich daraus ergeben, sind weitreichend, doch dieser Artikel wirft einen neuen Blick auf die Situation aus der Sicht der Händler.
Offenes Interesse [OI]

Der vorangegangene Artikel behandelte den OI-Tropfen auf BitMEX lange vor dem Fiasko mit den Behörden. Bis jetzt ist die OI jedoch so weit gesunken, dass ihre Konkurrenten ihre Position bei Bitcoin Circuit übernehmen können. Heute hat ByBit BitMEX in Bezug auf die OI überholt.

Nun ist BitMEX auf Platz 3 zurückgestiegen, wobei Binance weiterhin an der Spitze steht

Vielleicht wurde die Brieftasche von BitMEX durch das besagte Fiasko am stärksten in Mitleidenschaft gezogen. Der Saldo der Brieftasche ist von etwa 200.000 BTC auf 100.000 BTC gesunken.

Dieser Rückgang ist darauf zurückzuführen, dass BitMEX sich von „seiner traditionellen, einmal täglich stattfindenden Abhebungsbearbeitung gelöst hat und innerhalb von zwei Tagen sechs Transaktionen durchgeführt hat, um den Händlern zu versichern, dass es sich bei den Geldern um „SAFU“ handelt.

Wenn die beiden oben genannten Punkte nicht eine Abwanderung der Händler schreien würden, dann könnte dies vielleicht der Fall sein. Einer der Top-Händler an der BitMEX „Mercury-Wood-Sprite“ hätte die Plattform möglicherweise verlassen können. Die letzte aktualisierte Position für den/die Händler war am 2. Oktober, einen Tag nach der Verhaftung des CTO von BitMEX.

Schlussfolgerung

Auch hier sind die Implikationen der Nachricht selbst weitreichend, aber die Wellen, die diese Nachricht erzeugt, betreffen nicht nur BitMEX, sondern auch den gesamten Markt für Krypto-Derivate.

Ja, dies gibt den Konkurrenten die Chance, sich Marktanteile durch Bitcoin Circuit zu sichern, aber es ist sicherlich kein Schritt in Richtung einer Weiterentwicklung des Ökosystems.

Was BitMEX anbelangt, so wird es, selbst wenn das Thema angesprochen wird, vielleicht keine Ruhepause geben. Andere Top-Händler könnten BitMEX für immer verlassen und andere Plattformen wählen. Dies wird der Börse so viel Liquidität entziehen, dass sie irrelevant wird.

Yearn Finance (YFI) grows by 36%: DeFi tokens driven by Bitcoin’s bullish trend?

There are three main factors behind the recovery of Yearn.finance (YFI), whose price in the last three days has increased by 58%.

In the last 72 hours, Yearn Finance (YFI) grew by 58% after falling to just $12,260 on some exchanges.

There are three factors that could have caused this sharp turnaround: first, YFI was sold significantly underpriced; second, the assurances of lead developer Andre Cronje about the project; and finally, the continued expansion of YFI use cases within the ecosystem.
YFI was sold at below price

In the last month DeFi tokens have suffered a general collapse, which has seen the value of many projects drop as much as 40%-70%. This rush to sell seems to have been caused by some Bitcoin (BTC) and Ether (ETH) price corrections. However, now that BTC has firmly exceeded $11,000 and seems to be heading towards a bullish trend, traders are keeping an eye on YFI and other tokens to see if they will continue to rise.
As previously reported by Cointelegraph, the main DeFi projects have solid economic fundamentals, so such a low price was deceptive.

Some data showed that the revenues of most DeFi protocols were actually increasing, while the prices of the underlying tokens fell sharply: this means that they were probably sold below their fair value.
Revenue variation compared to the token price variation of the main DeFi projects

Yearn.finance, for example, is about to release an important update.

Typically, launches and updates of the most important products would cause a price increase of the underlying token, but the overall weakness of the DeFi market caused YFI’s price to drop throughout September and October.

The total value invested in Yearn.finance’s products is over $900 million. This indicates that almost $1 billion of capital has been distributed across the entire Yearn.finance platform.

Andre Cronje reassures the community: he won’t leave

In the last week there have been rumors that Andre Cronje, lead developer of Yearn.finance, is about to leave the company, following a hacker attack that would take away all the funds he had invested in a project he was working on.

Eventually the hackers returned $8 million of stolen funds to Cronje, but many members of the crypto community are still angry with him.

Cronje recently issued a statement saying he will not leave Yearn.finance despite recent rumors:

„I’m still here, working. Nothing has changed. Anyone who says otherwise can go to f*****o. I’m sick of tweeting and social media“.

Cronje’s involvement in the development of Yearn.finance is very important to YFI’s long-term prospects, especially considering that Cronje has designed most of Yearn’s products since its inception.

Vault V2 development is nearing completion

Facu, a developer of Yearn.finance, has revealed that the team is „getting closer and closer“ to the completion of Vault V2.

On October 1, the Yearn.finance team officially confirmed that Yearn Vault V2 is under development, emphasizing that:

„Yearn V2 Vault V2 Vaults are in active development: they will include new vaults and new strategies. We are very pleased to be able to bring you these new features: we will provide you with more details as soon as possible“.

Any major progress involving Yearn Vaults will certainly have a positive impact on YFI’s value. The majority of the capital invested in Yearn.finance is in fact held in the Vaults, which allow investors to obtain yields.

Waiting for new product launches and the overall recovery of the DeFi market could therefore lead to a new upward trend for YFI.