NFL professional receives annual salary in Bitcoin

Last year Russel Okung demanded that his annual salary be paid out in Bitcoin. Now he has received the BTC payment from his club.

American football player Russell Okung received half of his annual salary in bitcoin

With a salary of $ 13 million, the Seattle Seahawks offensive player is now roughly 228 BTC richer. Okung is the first NFL player to ever receive payment in cryptocurrencies.

As early as May 2019, he asked his club via Twitter to pay him with Bitcoin. On December 29th, he announced in a tweet that he had finally received a bitcoin sum. A short time later, Okung commented on the advantages of the cryptocurrency:

When we are all paid in Bitcoin, no one can tell us what to do with the value we create.

Meanwhile, Okung made critical hints against the US dollar. He sees Bitcoin as a safe alternative to protect his money:

If you think elections have been rigged, wait until you find out about the US dollar. You can earn ‚x‘ a year and watch it slowly decrease with inflation

The NFL athlete’s Bitcoin payment could be the starting signal for many other athletes to follow suit. Jack Mallers, founder of Zap, said that athletes from the National Basketball Association (NBA) and Major League Baseball (MLB) are also considering possible payment with Bitcoin.

In times of the Bitcoin all-time high, the payment for the NFL professional should have arrived at just the right time. Cryptocurrencies now seem to have arrived in the field of sports. This is just further evidence that Bitcoin and other cryptocurrencies are moving more and more into the field of vision of the general public.

Bittrex joins Coinbase in removing XRP after SEC process

The main exchanges struggle to disassociate themselves from the XRP while Ripple tries to regain control of the narrative.

Bittrex joins Coinbase in removing XRP after SECNOTÍCIAS process

The Bittrex Cryptomime Exchange announced on 29 December that it will remove all XRP markets as of 15 January 2021. The affected trading pairs are BTC /XRP, ETH /XRP, USDT /XRP and USD/XRP.

The announcement came just days after the Coinbase exchange said it Crypto Genius scam would suspend trading XRP from 19 January.

XRP’s fortunes have declined significantly since the US Securities and Exchange Commission released a case against XRP’s issuer, Ripple, last week.

The case alleges that Ripple, along with CEO Brad Garlinghouse and co-founder Chris Larsen, raised more than $1.3 billion through what it claims is an unregistered and ongoing sale of XRP securities.

Ripple reacted yesterday, claiming that the SEC’s „attack“ on Ripple is an attempt to bring down the entire US cryptomime industry.

While he denies that XRP is in fact a security as the SEC claims, he also noted that the majority of XRP’s customers reside outside the US and would continue to operate and support its products in the rest of the world.

However, this seems to have done little to reassure investors, as the price of XRP has dropped another 10% in the last 24 hours to $0.20.

The XRP was up before the announcement of the SEC process, reaching an annual high of $0.67 at the end of November.

With 70% of that figure eliminated, analysts are wondering if this case could be the final death sentence for XRP.

The price of Bitcoin must reach $1 million for 1 satoshi to reach parity with 1 cent

At 0.02 cents, the humble satoshi still has a long way to go to reach penny parity, let alone a whole dollar.

Bitcoin (BTC) may be circling historical highs, but a new storm is brewing around its smaller subunit, the satoshi or „sat“.

As more novice investors approach BTC, attention is again focused on the fact that many still think Bitcoin can’t be split up and is „too expensive.

Buying Bitcoin? It’s too expensive

A frequent point of discussion throughout Bitcoin’s recent history, the problem of how to solve this misconception and introduce satoshis to a wider audience is now back in focus.

This week, statistician Willy Woo publicly approached the CoinGecko listing site with an appeal to make the little satoshi more visible.

„Put a smaller unit like the default Bitcoin Code unit on your website and see if it catches on. Let’s start a trend,“ he offered.

Woo was responding to an experience by Magic Internet Money podcast host Brad Mills, who had been told by a potential buyer that he couldn’t afford a whole Bitcoin.

A long road to parity?

Satoshis are the smallest original subunit of Bitcoin, which is divisible by up to eight decimal places. At today’s prices, this makes a single satoshi worth about 0.02 cents. One US dollar is worth 43 satoshis.

A dedicated resource now shows how much the BTC/USD must earn for the satoshi to equal one cent. For this to happen, Bitcoin would have to challenge the U.S. M2 money supply cap, Woo said; in other words, Bitcoin would have to reach $1 million.

Bitcoin’s money supply measured in US dollar equivalent. Source: Woobull

Against that backdrop, Bitcoin’s $23,000 price tag still seems modest. However, some coins have already fallen to satoshi parity on their own. In July, the Argentinean peso joined the Lebanese lira as one satoshi equaled its smallest unit of account.

He also pointed out that, in addition to the satoshis, so-called „milisats“, which exist in the Lightning Network, could be used in case of need. Lightning remains the most widely accepted best bet for Bitcoin scaling, and the advances in its user experience will allow Bitcoin beginners to send small payments for almost no fees in the future.

This is achieved by making transactions out of the chain and synchronizing them later, avoiding the need for miners‘ fees and congesting the Bitcoin blockchain.

Bitcoin er nær USD 26K etter å ha knust USD 25K samme dag

Den mest populære kryptovalutaen, bitcoin (BTC), er på julekjøring da prisen nådde USD 25 000 for første gang i historien i dag og hoppet til nesten USD 26 000.

I skrivende stund (17:16 UTC) handler BTC til USD 25 813 og er opp med 7% på en dag og i en uke. Prisen økte med 52% på en måned og 255% på et år. BTC slo USD 20 000 for ti dager siden.

Andre mynter fra topp 10-klubben er opp med 2% -5%, unntatt chainlink (LINK), som er nede med nesten 2%, og litecoin (LTC), som samlet seg med 10% i dag.

BTC-prisdiagram:

„Det vi har vært vitne til i løpet av de siste månedene, er hvor mottakelige høyprofilerte investorer ser ut til å være på bitcoin-tonehøyden. En analogi jeg stadig kommer tilbake til er en fokusgruppe – du tar et lite utvalg og utsetter dem for en bestemt ide eller konsept, og du studerer deres reaksjoner, „sa Eric Wall, Chief Investment Officer (CIO) ved Arcane Research.

Ifølge ham kan gruppens reaksjoner forventes å gjenspeile synspunktene til den større demografien hvis fokusgruppemedlemmene er representative for en større demografi.

„Resultatene er nå inne; banen fungerer,“ la han til.

I følge CIO er det imidlertid „ganske grunnløst gjetting“ å gi en nøyaktig prisanrop for en ny oksesyklus, da toppen helt vil avhenge av „hvor intens hysteriet blir på sitt høydepunkt.“

Pornhub gets cut off by VISA and Mastercard – King of porn says yes to cryptocurrency

X-Rated Cryptos – A few months ago, we learned that the X Pornhub site is crypto-friendly, since it announced that it accepts Bitcoin (BTC) and Litecoin (LTC) . But there is a plethora of cryptocurrencies that are now joining the game, with the addition of Monero (XMR) among others. The site will therefore now accept no less than 13 different cryptos in total.

Cryptos as the only means of payment?

As the Bitcoin.com site explains , the Pornhub company had some financial worries related to the refusal of Visa and Mastercard payment processors to continue to handle credit card payments in some parts of the world.

The tenth most visited site on the internet, with 42 billion visits in 2019, was therefore forced to only accept payments by cryptocurrency in a few countries, so that its premium customers can continue to pay their monthly subscription .

For this, the adult video site currently goes through the crypto payment processor ProBiller . In addition to Bitcoin and Litecoin accepted since September, Site X also accepts: Monero (XMR), Ethereum (ETH), Bitcoin cash (BCH), Ethereum Classic (ETC), Nem (XEM), Tether (USDT), Tron (TRX), Verge (XVG), Waves (WAVES), Zcash (ZEC) and DASH .

Some areas still on fiat payments

As the crypto-media The Block points out , cryptocurrencies have not become Pornhub’s only means of payment on the whole planet.

Indeed, this obligation would mainly include North America (the United States alone representing nearly 24% of traffic), the United Kingdom and Singapore . But in some European countries, such as Germany , the Netherlands or France , it is still possible to pay through direct payment methods, in fiat currencies , by SEPA bank transfer.

The conflict between Visa, Mastercard and Pornhub had emerged following the impact of an article in the New York Times , accusing the platform of hosting child pornography but also rape sequences . The site would, in turn, first denied, then finally took recently of measures under pressure.

Quelle est l’importance du risque lié à la „centralité“

Quelle est l’importance du risque lié à la „centralité“ en ce qui concerne le DeFi ?

Si le DeFi a été le mot à la mode le plus populaire de l’année, c’est un espace plein de risques. En fait, un récent rapport de BraveNewCoin a mis en évidence une série de 18 risques non financiers graves pour DeFi, un rapport qui traite des risques inhérents auxquels un utilisateur peut être exposé lorsqu’il plonge dans cet écosystème.

Parmi les nombreux risques que le rapport a détaillés, l’un des risques énumérés associés à la finance décentralisée était, quelque peu ironique, le „risque de centralité“. Ledit rapport définissait ce risque comme „le risque lorsqu’un protocole DeFi repose sur un intermédiaire centralisé qui pourrait aboutir Bitcoin Bank à un point central d’échec“.

Les risques de centralité sont de trois types. L’un d’eux, le risque de vulnérabilité des contrats intelligents évolutifs, est le risque qu’un administrateur puisse mettre à niveau un contrat intelligent et modifier le comportement attendu par un utilisateur. Le risque de centralité des Stablecoins centralisés est le risque que les principaux Stablecoins de DeFi ne fonctionnent pas comme un utilisateur le souhaite en raison des points centraux de défaillance des Stablecoins.

Le rapport souligne en particulier le fait que l’USDT et l’USDC sont frappés par des tiers centralisés, et suggère que toute réserve hors chaîne dont ces pièces sont adossées sera susceptible d’être dévaluée par rapport à des scénarios tels qu’un passage en banque.

Enfin, le rapport suggère également que dans la mesure où environ 63% de la communauté Ethereum utilise Infura comme opérateur de noeud privilégié, il est à craindre que cela ne représente un point de défaillance unique pour l’ensemble du réseau. Ce „point de défaillance unique“ a été mis en évidence le 11 novembre lorsque plusieurs bourses ont suspendu les retraits de l’ETH en raison d’une panne d’Infura.

Si le rapport cite plusieurs autres catégories de risques, la plupart d’entre eux ont pour thème commun un risque lié à la centralisation.

Par exemple, le „risque d’incitation économique“ suggère que les propositions de gouvernance ont un impact négatif sur les utilisateurs du protocole DeFi qui ne détiennent pas le jeton d’utilité DeFi natif. Ces jetons natifs pourraient contribuer à ce que les participants au réseau se comportent de manière malveillante pour des gains financiers.

Je voterai NON à la proposition 1 visant à abaisser le seuil des futures propositions

Il donne plus de pouvoir aux grands acteurs avec beaucoup de votes délégués, il n’aide pas le „petit électeur“.

RN n’importe qui peut utiliser des propositions autonomes, donc la „barrière“ pour les nouvelles propositions est pratiquement nulle https://t.co/Zw2zQwXDos

– Agustín Aguilar (@Agusx1211) 13 octobre 2020

La proposition de Dharma en est un exemple, où sur 98% des votes en faveur de la proposition, plus de 60% provenaient des deux principaux délégués, Dharma et Gauntlet.

Ceci mis à part, d’autres catégories de risques, comme ceux concernant les Oracles ont révélé que les oracles centralisés présentent un risque bien plus important que les solutions décentralisées d’oracle. Un exemple donné est le cas d’un arbitre qui a encaissé 27 millions de dollars en 2019 après avoir remarqué que l’oracle centralisé de Synthetix avait utilisé un flux de prix erroné, qui a donné un prix erroné de x1000 pour le won coréen.

L’écosystème continuant à se développer et la composabilité et l’interopérabilité devenant des éléments clés de l’écosystème DeFi, cela pourrait conduire à encore plus de centralisation et de risques.

OKEx: Trade volume and Tether (USDT) stocks collapse

The OKEx trading platform had disappointed by suspending withdrawals for 5 long weeks, while Bitcoin (BTC) was in the middle of a bull run. And it seems that users do not forgive him: a mass exodus is underway.

OKEx trade volume shows user exodus

As the data aggregator Nomics shows, dollar exchange volume peaked when the exchange reopened, as customers were withdrawing $ 400 million from the platform . But since then, the volume of transactions on OKEx has collapsed and no longer reaches the levels of the months before the shutdown:

Users withdraw their stablecoins from OKEx

Another data gives us clues about this exodus of OKEx users. Tether (USDT) stocks are at their lowest. OKEx usually brings together a lot of Chinese traders, and they use the USDT to protect their capital from excessive fluctuations while waiting to trade them for other cryptocurrencies.

And what we can see is that these USDT stocks have just plunged as well. This suggests that investors withdrew their capital from the platform once it reopened its services:

Other major stablecoins available OKEx, namely USDC, the DAI and the PAX , also saw their levels drop in recent days.

Will this be the beginning of the end for OKEx? It’s possible. The temporary closure of withdrawals came at a crucial time . As the prices of several cryptocurrencies exploded, traders found themselves stranded. And the compensation program offered by the platform does not seem to have been enough to retain users. It remains to be seen whether OKEx will be able to recover from this lack of confidence.

$ 488 millioner i ETH har blitt satt inn på Ethereum

$ 488 millioner i ETH har blitt satt inn på Ethereum 2.0s fase 0-kontrakt

Totalt 852288 ETH er blitt deponert i Ethereum 2.0-innskuddskontrakten for å utløse aktivering av den mest ambisiøse oppgraderingen av den nest største kryptovalutaen etter markedsverdi. Oppgraderingen forventes å forbedre sin økonomiske modell, ressursbruk og styring.

Ifølge data fra Ethereum blockchain er den totale mengden eter som er deponert i den smarte kontrakten Bitcoin Circuit nå over litt over $ 488 millioner, med en hastighet på $ 573 per eter-token. Over $ 400 000 verdier av ERC-20-tokens er også deponert på adressen.

Ethereum 2.0-innskuddskontrakten ble utgitt tidlig i november og er nå ganske over 524,288 ETH-terskelen som er nødvendig for å sikre lanseringen av Ethereum 2.0 1. desember. Det er verdt å merke seg at Ethereum 2.0-nettverket i seg selv ikke lanserer ennå.

I stedet kommer en parallell proof-of-stake blockchain kalt „fyrkjede“ til å lanseres, og vil kjøre sammen med det eksisterende Ethereum-nettverket. Den første utviklingen vil ikke påvirke Ethereum eller dets smarte kontrakter og applikasjoner, og vil i stedet bidra til lanseringen av Ethereum 2.0. Aktivering av fyrkjeden er den første av fire faser på migrasjonen til det oppgraderte nettverket.

Noe statistikk om eth2 forekomster (spesielt de som vil gå inn i oppstarten), i bilder

Vær oppmerksom på at dette er basert på avsenderadresser og ikke bekreftede identiteter, så husk at adressedeling (eller adressedeling) kan vrake statistikken! pic.twitter.com/xvIpu5rGKE
– vitalik.eth (@VitalikButerin) 24. november 2020

De primære interessentene i Ethereum 2.0-kjeden vil være validatorer, som i det vesentlige tilsvarer gruvearbeiderne i ETHs nåværende proof-of-stake-nettverk. Validatorer, akkurat som gruvearbeidere, vil tjene belønninger for å behandle transaksjoner og finne nye blokker.

For å bli en Ethereum 2.0-validator, må en bruker stake minst 32 ETH i nettverkets innskuddskontrakter. Ved lansering forventes validatorer å tjene en årlig belønning på 20% på sine innsatte midler, noe som kan tiltrekke seg investeringer.

For analytikere viser imidlertid det økende beløpet som deponeres tillit til lanseringen av Ethereum 2.0 fra brukere. For Weiss Crypto Ratings viser det økende antall innskudd „alle ønsker å komme ombord.“

Smart kontrakt som kreves for å utløse ETH 2.0 har nok midler til å begynne aktivering av den etterlengtede oppgraderingen. Siste 25% av ETH ble deponert på bare fire timer. Selv mens vi snakker, flyttes #ETH fortsatt til innskuddskontrakten. Alle vil komme ombord. Gå ETH!
– Weiss Crypto Ratings (@WeissCrypto) 27. november 2020

Det forventes at kryptovaluta-utveksling og gruvebassenger hjelper brukere å satse eteren sin, selv om de er under terskelbeløpet på 32 ETH. Inntil disse tjenestene lanseres, lærer brukerne fremdeles belønning på midlene sine gjennom desentralisert finansiering (DeFi) eller spareprogrammer.

Både DeFi og spareprogrammer er tilgjengelige fra de fleste topp kryptoassets-børser. OKEx har for eksempel integrert seg i plattformens topp DeFi-protokoller som Compound og Curve. Bortsett fra disse integrasjonene, har firmaet også et Earn-program som lar brukerne tjene interesse på deres kryptoassets.