The end of a (very) long wait? Ethereum has finally started its launch process for phase 0 of its version 2.0. Already, future stakers have sent their ETHs on the contract. But are they as numerous as expected?

Community begins to commit funds for Ethereum 2.0

To say that Ethereum 2.0 and staking were expected is an understatement for the community of the second largest cryptocurrency at the moment. Bitcoin Profit went through long years of development and several hitches before it could move the project forward. But we now know the launch date of phase 0, which was announced by the Ethereum foundation on Wednesday.

On Ethereum Launchpad, which gathers information about the launch of Ethereum 2.0, we can see that more than 15,400 ETH have already been “staked” . This is a considerable commitment for users: these ETHs cannot be withdrawn before phase 2 of Ethereum 2.0, i.e. in at least two years.

Currently 15,400 ETH is over $ 6 million . For the mainnet to start, however, the community will have to send 524,888 ETH to the contract, so we are still a long way from it. Which did not fail to raise doubts within the crypto community.

Will Ethereum succeed in mobilizing investors?

A recently published Consensys report pointed to a potential limitation of Ethereum 2.0. Investors may want to wait before committing their funds … Especially if the grass is greener elsewhere:

“There is concern that ETH hodlers might (at best) wait to see how much the initial staking brings in , comparing it to the DeFi sector . At worst, they could also choose not to “risk” locking in their ETH before phase 1.5, which will take place at least in a year and a half, in case a bull run […] occurs in the meantime. “

The launch of ETH 2.0 indeed comes at a time when the prices of Bitcoin (BTC) and Ether are on an upward slope. For ETH holders, therefore, it makes sense to wait and see where it goes.

In addition, the DeFi sector is also in competition … If one is ready to assume the risks. The „Degens“ have shown that they do not hesitate to send their funds to risky contracts in order to take advantage of opportunities, Andre Cronje has experienced this several times. A less risky investment, but also less immediate, will it therefore be enough to tempt ETH holders in sufficient numbers?

Japanese financial group SBI Holdings recently signed contracts with two e-athletes. They receive their salary in the form of the cryptocurrency XRP.

According to a press releaseFrom October 15, 2020, the Japanese company SBI Holdings hired two professional e-athletes

The special thing about it is that SBI pays the salaries of the talents in the form of the crypto currency XRP. The e-athletes Kenji Suzuki and Subaro Sagano would have wished for this in their contracts. Thus, SBI e-Sports not only strengthens its presence in the e-sports scene, but also drives its own crypto growth.

SBI e-Sports was founded in June 2020 and is a subsidiary of SBI Holdings. It seems like the company is looking to take the opportunity to accelerate the adoption of XRP. In September 2020, the company announced a sponsorship deal with SBI VC Trade . The company is pursuing a plan to create a market for digital assets and cryptocurrencies based on the „customer-centric principle“.

SBI: Long been on the crypto course

Even then, the intent of the treaty became clear. It was determined that e-athletes should be paid their annual salary exclusively in XRP. The two new members of the e-sports department announced via social media that we are very happy about their contract. They would do their best to support SBI e-Sports and fuel its growth. They didn’t say a word about the fact that their salary was paid exclusively in XRP.

In addition to e-sports, SBI primarily promotes the use of other crypto products. The company made it clear that its ambitions were far higher, however.

As an innovator creating service companies with the help of crypto assets, we want to develop and maintain a healthy market based on customer focus, improving prices, increasing liquidity, etc.

How serious SBI is with the blockchain can be seen in the fact that the e-sports department announced that it will be issuing its own security token . An offer that would earn the company 50 million yen is expected to close on October 30th.

Ripple has activated a credit function in RippleNet for small and medium-sized companies and has also announced a partnership with Lemon Way.

Corporate financing via traditional bank loans is fraught with bureaucratic hurdles and is often tough in practice. Bitcoin Revival wants to simplify the process with a view to small and medium-sized enterprises (SMEs) and is presenting a newly activated beta function in RippleNet.

In the future, companies will also be able to take out loans via its ODL payment solution

The abbreviation stands for On-Demand Liquidity, a software solution tailored for interbank transactions in which the in-house XRP is used as a bridge currency for fast and inexpensive transactions between financial institutions. With pre-financed liquidity accounts, transactions can be quickly distributed across the globe using ODL. Banks can access an XRP token pool. The original national currency is first exchanged for XRP and then changed to the target currency when the transaction is completed.

Limited access to working capital is a major barrier to growth for many companies. Unlike established companies that have large balance sheets that allow them to scale their business quickly, many fintechs and small and medium-sized enterprises (SMBs) lack the capital and resources to be competitive,

it says in the press release. RippleNet customers who use the ODL payment solution can use the line-of-credit function to purchase XRP from Ripple on credit for appropriate fees. Various Ripple customers have already tested the service as part of a pilot program.

True to the motto „Send Now, Pay Later“, customers can bypass the slow grinding mill when taking out a bank loan and quickly pump up the company with liquid funds.

The feature also opens up the possibility of using the capital freed up from pre-funded accounts and continuing to invest in their business in order to open up new markets and reach new customers.

This gives small businesses in particular the opportunity to participate in global payment transactions quickly and with low fees.

Ripple partnership with Lemon Way

In addition, Ripple has announced a new partnership with the company Lemon Way. The fintech develops payment solutions for online marketplaces and crowdfunding projects. The partnership means that Lemon Way will in future be connected to the payment service provider Nium via the RippleNet hub.

More than 1,400 European marketplaces, including 200 crowdfunding platforms, are already using Lemon Way’s payment services. In view of the constantly increasing transaction volumes, the company docks with RippleNet in order to process transactions in cross-border payment transactions more quickly.

Martin-Pierre Gaultier, Chief Commercial and Marketing Officer of Lemon Way shares in the press release With:

As an innovative company, we are always looking for new business models and technological capabilities that will enable us to offer better services to our dealers. Our partnership with Ripple is a testament to this, and we are excited to offer faster, more cost-effective withdrawals to support the evolving needs of our customers and merchants.

The connection to RippleNet enables Lemon Way to process transactions with financial institutions in real time and at low fees. This is an important step to win new customers and also anchor the Ripple payment infrastructure a little more in online trading.

Le prix du Bitcoin est inhabituellement tiède malgré des fondamentaux solides. Aux taux au comptant, par exemple, non seulement les prix du Bitcoin Evolution sont ondulés avec des volumes de négociation légers, mais les taureaux oscillent en dessous des niveaux de résistance critiques.

Dans l’immédiat, les taureaux doivent faire face à des niveaux de liquidation élevés à 11 000 $ et plus tard à 11 500 $. Une augmentation claire au-delà de cela pourrait être l’impulsion nécessaire, une condition préalable pour 12500 $ ou même un nouveau sommet de 2020.

L’incertitude politique attise la demande de BTC?

Derrière cela se cache l‘ incertitude de la politique américaine. Certains analystes affirment que le débat présidentiel d’hier a été une grande victoire pour Bitcoin et crypto.

Dans une certaine mesure, cela peut être vrai. Le Bitcoin s’est transformé en un actif de réserve de valeur, un moyen de stocker de la valeur, tout comme l’or.

L’analyse en chaîne prend en charge les taureaux Bitcoin

Si tel est le cas, les chances que la pièce monte en flèche le mois prochain avant cette élection présidentielle controversée restent élevées. Déjà, il y a des indices de nouveaux participants qui affluent et se positionnent pour un éventuel rallye.

Willy Woo, un analyste en chaîne, a déclaré que les capitaux affluant à Bitcoin ne se reflétaient pas encore dans les graphiques de prix.

Nous constatons un pic d’activité des nouveaux participants entrant dans BTC qui ne se reflète pas encore dans le prix, cela n’arrive pas souvent. C’est ce que les traders appellent une divergence, dans ce cas, c’est haussier.

Ajouter:

Globalement: haussier les 3 prochaines semaines, également haussier au cours des 3 prochains mois. L’OMI est le bon moment pour construire une position longue à long terme sur plusieurs mois ou déployer de nouveaux capitaux si vous envisagez d’augmenter votre exposition au BTC.

Affirmant son observation, une analyse parallèle du PDG de GlassNode souligne la possibilité pour les traders et les spéculateurs de se positionner pour un rallye à court terme puisque Bitcoin apparaît sous-évalué.

Un informe en el que se preguntaba a los reguladores y a las instituciones financieras tradicionales reveló que la mayoría sigue considerando que el ecosistema criptográfico es demasiado volátil y arriesgado.

Un estudio reciente compilado con las autoridades gubernamentales y los reguladores concluyó que todavía consideran que la industria de la cripto moneda es una fuente de riesgo importante. Esos establecimientos plantearon inquietudes con respecto a la autorregulación del sector y al número de actividades ilegales financiadas con activos digitales.

No es sorprendente: Los reguladores se preocupan por la reglamentación de la criptografía

El grupo de expertos en defensa y seguridad más antiguo del Reino Unido, el Instituto Real de Servicios Unidos (RUSI), publicó el estudio denominado Cryptocurrency Risk & Compliance Survey. Con el objetivo de arrojar algo de luz sobre la percepción general de las regulaciones dentro de la industria de los activos digitales, la investigación preguntó a los organismos de control del gobierno, a los representantes de la criptodivisa y a las instituciones financieras tradicionales sobre su aceptación.

Los encuestados de todos los sectores estuvieron de acuerdo en que el sistema de autorregulación dentro del campo de la criptografía no es suficiente. En consecuencia, afirmaron que los órganos gubernamentales y las organizaciones internacionales como el Grupo de Acción Financiera Internacional (GAFI) deberían intervenir para establecer marcos legislativos más transparentes y precisos.

En caso de que eso ocurriera, los participantes en la encuesta creen que se atraería a más inversores institucionales para que se unan a ella. Además, una reglamentación amplia podría mejorar el papel de las criptodivisas en los pagos cotidianos.

La mayoría de los encuestados (69%) respondieron que las criptodivisas son actualmente demasiado volátiles para sustituir el efectivo. También pusieron de manifiesto los posibles riesgos asociados a la gestión de los activos digitales. Los gobiernos y las entidades financieras tradicionales fueron aún más lejos al clasificarlas como una „fuente importante de riesgo“.

La criptografía en los esfuerzos ilegales

La mayoría de los participantes, incluso de la industria de la criptografía, señalaron que los activos digitales sufren por estar vinculados a un uso sustancial en actividades ilícitas.

„Todos los encuestados expresaron su preocupación por el uso de la criptodivisa por diversos agentes ilícitos, desde los grupos terroristas hasta los agentes sancionados y los traficantes de personas. Si bien el uso de la criptodivisa por los delincuentes sólo representaba alrededor del 1% de todas las transacciones, seguía siendo un lugar atractivo para quienes evadían el sistema financiero tradicional“.

De hecho, como CryptoPotato informó recientemente, el Departamento de Justicia de los EE.UU. incautó más de 300 cuentas en criptodólares operadas por tres notorias organizaciones terroristas – ISIS, Hamas y Al-Qaeda. Las autoridades francesas también detuvieron a 29 personas que presuntamente financiaban a yihadistas y miembros de Al-Qaeda mediante vales en cripto moneda.

No obstante, establecimientos bien regulados como las instituciones bancarias también han participado en muchas actividades ilegales. Documentos recientes de la FinCEN revelaron que bancos gigantes como HSBC, Standard Chartered, Bank of America y JPMorgan Chase, han transmitido trillones de dólares en transacciones sospechosas de esquemas Ponzi y organizaciones terroristas en las últimas décadas.