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Τεχνική Ανάλυση Archives - We Greece https://wegreece.com.gr/en/category/τεχνική-ανάλυση/ Thu, 04 Mar 2021 06:29:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.5 https://wegreece.com.gr/wp-content/uploads/2023/01/cropped-WE-FAVICOM-32x32.png Τεχνική Ανάλυση Archives - We Greece https://wegreece.com.gr/en/category/τεχνική-ανάλυση/ 32 32 Which countries use more cryptocurrencies – At 11% the percentage in Greece https://wegreece.com.gr/en/how-common-is-crypto/ https://wegreece.com.gr/en/how-common-is-crypto/#respond Thu, 04 Mar 2021 08:00:02 +0000 https://wegreece.com.gr/?p=6597 Of the 74 countries surveyed by the Statista Global Consumer Survey, Nigeria found that citizens had a higher rate of using or owning cryptocurrencies. Specifically, 1/3 of the respondents answered positively. According to Bitcoin.com it is the high cost of sending money across borders in the conventional way that has led many to turn to cryptocurrency trading. Nigerians also often use their phones to send money to each other or to pay in stores. Recently, many companies in the country are adding crypto plugins to their payment options. The second and third highest percentages of citizens using and / or possessing cryptocurrencies are found in research in Vietnam and the Philippines, respectively. Again, remittance payments are an important factor for citizens to choose cryptocurrencies. According to bitcoin.com, the Central Bank of the Philippines has approved the operation of cryptocurrency transfer companies and the government has begun to engage in cryptocurrencies, in cooperation with Unionbank for the distribution of government bonds while Unionbank has also set up a Bitcoin ATM. in Makati, a city in Metropolitan Manila. Aside from cryptocurrency users in Africa and Southeast Asia, another area that shows a fairly significant preference on them is Latin America. Peru is the first among these countries with 16% of respondents stating that they use / possess cryptocurrencies while in Brazil, Colombia, Argentina, Mexico and Chile a double-digit percentage is also recorded. Switzerland and Greece are among the European countries that also record a high percentage, 11%. Japan again has one of the lowest rates along with Denmark. Source: https://www.bankingnews.gr/kriptonomismata/articles/548208/poies-xores-xrisimopoioyn-perissotero-kryptonomismata-sto-11-to-pososto-stin-ellada?fbclid=IwAR38q3trycgC4pR5Kn9vbNdyTBi1LxFrzYwGNTeRQE9asX02DoMJc98KRAo

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]]> Of the 74 countries surveyed by the Statista Global Consumer Survey, Nigeria found that citizens had a higher rate of using or owning cryptocurrencies.
Specifically, 1/3 of the respondents answered positively.

According to Bitcoin.com it is the high cost of sending money across borders in the conventional way that has led many to turn to cryptocurrency trading.
Nigerians also often use their phones to send money to each other or to pay in stores.

Recently, many companies in the country are adding crypto plugins to their payment options.
The second and third highest percentages of citizens using and / or possessing cryptocurrencies are found in research in Vietnam and the Philippines, respectively.

Again, remittance payments are an important factor for citizens to choose cryptocurrencies.
According to bitcoin.com, the Central Bank of the Philippines has approved the operation of cryptocurrency transfer companies and the government has begun to engage in cryptocurrencies, in cooperation with Unionbank for the distribution of government bonds while Unionbank has also set up a Bitcoin ATM. in Makati, a city in Metropolitan Manila.

Aside from cryptocurrency users in Africa and Southeast Asia, another area that shows a fairly significant preference on them is Latin America.
Peru is the first among these countries with 16% of respondents stating that they use / possess cryptocurrencies while in Brazil, Colombia, Argentina, Mexico and Chile a double-digit percentage is also recorded.

Switzerland and Greece are among the European countries that also record a high percentage, 11%.

Japan again has one of the lowest rates along with Denmark.

Source: https://www.bankingnews.gr/kriptonomismata/articles/548208/poies-xores-xrisimopoioyn-perissotero-kryptonomismata-sto-11-to-pososto-stin-ellada?fbclid=IwAR38q3trycgC4pR5Kn9vbNdyTBi1LxFrzYwGNTeRQE9asX02DoMJc98KRAo

The post Which countries use more cryptocurrencies – At 11% the percentage in Greece appeared first on We Greece.

]]> https://wegreece.com.gr/en/how-common-is-crypto/feed/ 0 Cryptocurrencies and taxation https://wegreece.com.gr/en/cryptocurrencies-and-taxation/ https://wegreece.com.gr/en/cryptocurrencies-and-taxation/#respond Wed, 03 Feb 2021 08:24:00 +0000 https://wegreece.com.gr/?p=6527 Three years ago, we published an article on the taxation of cryptocurrencies (bitcoin, xrp, ethereum, etc.). At that time, cryptocurrencies (better known as bitcoin) had appeared. Already today, three years later, this issue has come to the fore, as more and more people are involved in the purchase and sale of cryptocurrencies, which makes it imperative for the Administration to provide clarifications on how to tax revenue from cryptocurrencies. As the number of questions we receive daily about cryptocurrencies increases, in this article we will record our estimate of how this income is taxed. Basic features Cryptocurrency is a digital currency without physical form. Today it is produced privately on a computer of modern technology and is distributed through an internet system of advanced technology, the so-called blockchain. In short, everyone can produce their own cryptocurrency, as long as they have the funds, know-how and what is required for the production process. It follows from the above that production is not controlled, is anonymous and independent of Governments and Banks, there are no legal rules and therefore there is no legal protection or guarantee and of course there is a high risk of fraud. In this context, the price of cryptocurrencies fluctuates widely. As a digital currency, it was established to carry out transactions with simplified procedures in the circulation of money, with greater flexibility, greater speed, lower costs and anonymity in transactions. But in the process it turned out to be an investment product to make a profit from the goodwill (if positive) that is created between the purchase and sale of the currency. Tax treatment There are two categories of cryptocurrency income: A) of this producer who does the mining and the income constitutes income from commercial enterprises and the profits that will arise after deducting the operating expenses will be taxed according to the general provisions and the applicable tax rates. B) Holders of cryptocurrencies B1) the holder (investor) of cryptocurrencies. Goodwill that may arise (positive difference between purchase and sale) will be taxed under the general provisions if the holders are legal entities. B2) If the holders are natural persons, ordinary investors believe that according to article 42 of the CFA they will be taxed at a rate of 15% as income from capital gains. Potential loss can be offset by future gains from the same source within the next 5 years.   The taxable value of the cryptocurrency is the goodwill offered by its holder who sells it. Goodwill means the difference between the acquisition price paid by the taxpayer and the sale price received. According to article 42 par. 3, “… any expenses directly related to the purchase or sale of securities are included in the acquisition price and the sale price.”. The tax rate is 15% on the goodwill earned and it is worth mentioning that the income from it is subject to a solidarity contribution. Taking into account the assumption we made above, that is, that the cryptocurrency is considered an investment-speculative product, the amount allocated for the purchase of cryptocurrencies should be declared in code 743 of table 5 of the tax return (expenditure paid for the purchase of companies, corporations shares and securities in general) of the tax return in order to be included in the calculation of the presumptions. Respectively, the capital from the sale of the cryptocurrencies should be listed in code 781 of table 6 (amounts coming from the disposal of assets and in particular as a return on capital). In the event that goodwill arose during the sale of the cryptocurrencies, then it should be entered in code 865 of table 4 E (profit from transfer of foreign securities) in order to calculate a 15% tax. Given the enormous size of the cryptocurrency transaction and its use as an investment derivative, we are confident that there will be a unified international approach to how this investment will be handled by the tax authorities, according to the latest statements of its President. European Central Bank. Regarding VAT, there is an EU decision which exempts transactions from VAT and on the manner of occurrence of transactions with cryptocurrencies by companies, the 104 / 27.2.2018 opinion of SLOT has been issued for the accounting monitoring of cryptocurrencies to which they approach issue and give directions, but because its implementation is moving in uncharted waters it is logical and expected that many issues will arise for discussion and resolution, and the entire scientific community is waiting for the legislative interventions of the state. Furthermore, we should point out that the payment of Greek and foreign suppliers in order to recognize the expenses should be paid exclusively through the banking system, therefore the payment in cryptocurrencies is not considered a recognized way of payment for the deduction of expenses. Finally, due to the structural nature of cryptocurrencies which has been based on encryption, in combination with the anonymity it offers, it has been in several cases to date a transaction of persons associated with illegal-criminal activities and persons who wanted to evade taxes. Identifying the owner by the tax authorities is extremely difficult considering the means required and the know-how needed to detect such activities. Recently, on January 7, with Law 4734/20 on money laundering, the European Directive on the establishment of a register in the Hellenic Capital Market Commission, providers of services for virtual and digital wallets, was incorporated into Greek law. In closing this article we would like to point out that what we have recorded is our own approach to which we hold every reservation until the issue is finally resolved and of course we should all be cautious until there is a regulatory framework that gives definitive answers to how everything is handled. issues around cryptocurrencies. * Mr. George Dalianis is the CEO of Artion SA & founder of the Artion Group, Economist – Tax Specialist. ** Mr. Giannis Artsitas is a Senior Accountant – Taxation of Natural Persons of Artion. The above text is informative and in no way replaces the specialized consulting services. Source: https://www.capital.gr/arthra/3521757/kruptonomismata-kai-forologia?fbclid=IwAR3rUKT3O6VSLmEAdWDxSEZCM3V4Hce6vMH6CPOnNloQzxYulKYHRFsZNdw

The post Cryptocurrencies and taxation appeared first on We Greece.

]]> Three years ago, we published an article on the taxation of cryptocurrencies (bitcoin, xrp, ethereum, etc.). At that time, cryptocurrencies (better known as bitcoin) had appeared. Already today, three years later, this issue has come to the fore, as more and more people are involved in the purchase and sale of cryptocurrencies, which makes it imperative for the Administration to provide clarifications on how to tax revenue from cryptocurrencies. As the number of questions we receive daily about cryptocurrencies increases, in this article we will record our estimate of how this income is taxed.

Basic features

Cryptocurrency is a digital currency without physical form. Today it is produced privately on a computer of modern technology and is distributed through an internet system of advanced technology, the so-called blockchain. In short, everyone can produce their own cryptocurrency, as long as they have the funds, know-how and what is required for the production process. It follows from the above that production is not controlled, is anonymous and independent of Governments and Banks, there are no legal rules and therefore there is no legal protection or guarantee and of course there is a high risk of fraud. In this context, the price of cryptocurrencies fluctuates widely.

As a digital currency, it was established to carry out transactions with simplified procedures in the circulation of money, with greater flexibility, greater speed, lower costs and anonymity in transactions. But in the process it turned out to be an investment product to make a profit from the goodwill (if positive) that is created between the purchase and sale of the currency.

Tax treatment

There are two categories of cryptocurrency income:

A) of this producer who does the mining and the income constitutes income from commercial enterprises and the profits that will arise after deducting the operating expenses will be taxed according to the general provisions and the applicable tax rates.

B) Holders of cryptocurrencies

B1) the holder (investor) of cryptocurrencies. Goodwill that may arise (positive difference between purchase and sale) will be taxed under the general provisions if the holders are legal entities.

B2) If the holders are natural persons, ordinary investors believe that according to article 42 of the CFA they will be taxed at a rate of 15% as income from capital gains. Potential loss can be offset by future gains from the same source within the next 5 years.

 

The taxable value of the cryptocurrency is the goodwill offered by its holder who sells it. Goodwill means the difference between the acquisition price paid by the taxpayer and the sale price received. According to article 42 par. 3, “… any expenses directly related to the purchase or sale of securities are included in the acquisition price and the sale price.”. The tax rate is 15% on the goodwill earned and it is worth mentioning that the income from it is subject to a solidarity contribution.

Taking into account the assumption we made above, that is, that the cryptocurrency is considered an investment-speculative product, the amount allocated for the purchase of cryptocurrencies should be declared in code 743 of table 5 of the tax return (expenditure paid for the purchase of companies, corporations shares and securities in general) of the tax return in order to be included in the calculation of the presumptions. Respectively, the capital from the sale of the cryptocurrencies should be listed in code 781 of table 6 (amounts coming from the disposal of assets and in particular as a return on capital).

In the event that goodwill arose during the sale of the cryptocurrencies, then it should be entered in code 865 of table 4 E (profit from transfer of foreign securities) in order to calculate a 15% tax.

Given the enormous size of the cryptocurrency transaction and its use as an investment derivative, we are confident that there will be a unified international approach to how this investment will be handled by the tax authorities, according to the latest statements of its President. European Central Bank.

Regarding VAT, there is an EU decision which exempts transactions from VAT and on the manner of occurrence of transactions with cryptocurrencies by companies, the 104 / 27.2.2018 opinion of SLOT has been issued for the accounting monitoring of cryptocurrencies to which they approach issue and give directions, but because its implementation is moving in uncharted waters it is logical and expected that many issues will arise for discussion and resolution, and the entire scientific community is waiting for the legislative interventions of the state.

Furthermore, we should point out that the payment of Greek and foreign suppliers in order to recognize the expenses should be paid exclusively through the banking system, therefore the payment in cryptocurrencies is not considered a recognized way of payment for the deduction of expenses.

Finally, due to the structural nature of cryptocurrencies which has been based on encryption, in combination with the anonymity it offers, it has been in several cases to date a transaction of persons associated with illegal-criminal activities and persons who wanted to evade taxes. Identifying the owner by the tax authorities is extremely difficult considering the means required and the know-how needed to detect such activities. Recently, on January 7, with Law 4734/20 on money laundering, the European Directive on the establishment of a register in the Hellenic Capital Market Commission, providers of services for virtual and digital wallets, was incorporated into Greek law.

In closing this article we would like to point out that what we have recorded is our own approach to which we hold every reservation until the issue is finally resolved and of course we should all be cautious until there is a regulatory framework that gives definitive answers to how everything is handled. issues around cryptocurrencies.

* Mr. George Dalianis is the CEO of Artion SA & founder of the Artion Group, Economist – Tax Specialist.

** Mr. Giannis Artsitas is a Senior Accountant – Taxation of Natural Persons of Artion.

The above text is informative and in no way replaces the specialized consulting services.

Source: https://www.capital.gr/arthra/3521757/kruptonomismata-kai-forologia?fbclid=IwAR3rUKT3O6VSLmEAdWDxSEZCM3V4Hce6vMH6CPOnNloQzxYulKYHRFsZNdw

The post Cryptocurrencies and taxation appeared first on We Greece.

]]> https://wegreece.com.gr/en/cryptocurrencies-and-taxation/feed/ 0 Why Nobody Can Hack a Blockchain https://wegreece.com.gr/en/%ce%b3%ce%b9%ce%b1%cf%84%ce%af-%ce%ba%ce%b1%ce%bd%ce%b5%ce%af%cf%82-%ce%b4%ce%b5%ce%bd-%ce%bc%cf%80%ce%bf%cf%81%ce%b5%ce%af-%ce%bd%ce%b1-%cf%87%ce%b1%cf%81%ce%ac%ce%be%ce%b5%ce%b9-%ce%ad%ce%bd%ce%b1-b/ https://wegreece.com.gr/en/%ce%b3%ce%b9%ce%b1%cf%84%ce%af-%ce%ba%ce%b1%ce%bd%ce%b5%ce%af%cf%82-%ce%b4%ce%b5%ce%bd-%ce%bc%cf%80%ce%bf%cf%81%ce%b5%ce%af-%ce%bd%ce%b1-%cf%87%ce%b1%cf%81%ce%ac%ce%be%ce%b5%ce%b9-%ce%ad%ce%bd%ce%b1-b/#respond Wed, 20 Jan 2021 08:59:59 +0000 https://wegreece.com.gr/?p=6511 “Hacking” a blockchain is almost impossible — but what makes decentralized ledgers so inherently “unhackable”? A common mistake that new cryptocurrency investors make is to confuse the hacking of a blockchain with that of a digital exchange. Whereas unfortunately centralized digital exchanges get hacked more than they should, decentralized blockchain hacks are very rare, as they are hard to achieve and provide little incentive to carry out. ‍In this post, we look at what makes blockchains — as applied in the cryptocurrency sector — impervious to security breaches. ‍What Makes a Blockchain Withstand Hacks? Decentralized and Open-Source Protocols The blockchains behind most cryptocurrencies are peer-to-peer (P2P), open-source and public, allowing everyone with the right equipment and knowledge to peek in under the hood. This is important to foster transparency and attract buyers. A blockchain comprises different technological mechanisms working together towards a common goal. For instance, there are consensus mechanisms such as proof of work (PoW) and proof of stake (PoS) that protect the network by mitigating cyber-attacks from hackers. ‍A blockchain’s decentralized nature means that its network is distributed across multiple computers known as nodes. This eliminates a single point of failure. In other words, there is no way to “cut the head off the snake” — because there isn’t any head. ‍The architecture of a blockchain determines how the nodes cooperate in verifying a transaction before being committed to the protocol. In the case of Bitcoin and other PoW systems like Bitcoin Cash, a minimum of 51% of the nodes must agree to the transaction before commitment. ‍Hashing Algorithm Each transaction is called a block, and the interconnection of several transactions becomes a blockchain. Notably, a block has cryptographic elements that make it unique. A network’s hashing algorithm determines the details. For example, the Bitcoin blockchain uses the double SHA-256 hash function, which takes transaction data and hashes/compresses it into a 256-bit hash. By making it hard to reverse the hashed value, a transaction becomes inflexible. Each block in a chain contains a specific set of data from the previous block. Therefore, even if a malicious actor reverse-engineers the hash, the resultant block would be out of sync with the rest of the blocks since it will have a different hash output, thus causing the system to reject it. ‍51% Attacks Are Improbable The longer a blockchain exists and the more new users it attracts, the less likely it is to suffer a 51% attack due to its growing hash power. This becomes prohibitively expensive at a certain point. Therefore, considering the size of established blockchains like Ethereum and Bitcoin, such a scenario is nearly impossible. What About Quantum Computing? Another reason why it’s even harder to hack a blockchain is that in case the block being re-hashed is at the middle of the chain, the attacker would have to re-hash previous blocks to align their historical stamp with the new block. ‍For Bitcoin, this is only possible with the next generation of quantum computing, which currently doesn’t exist. And even when it does, who’s to say there won’t be a blockchain-based quantum defense mechanism to mitigate quantum attacks? PoS-Based Hacks In PoS-based systems, stakes determine the strength of the network. To elaborate, this means those users who have delegated or actively locked their native blockchain assets to participate in transaction processing and finding new blocks. On such systems, an attack occurs when a hacker controls a majority of the stake. ‍This is possible when the hacker accumulates over 51% of all coins in circulation. For reputable networks like the evolving Ethereum 2.0 platform, this is all but impossible. Imagine trying to find the funds to buy up 51% of ETH’s current $68 billion market cap! Economics of a 51% You can’t orchestrate a stealth 51% attack without creating too much scarcity, as your purchasing of coins will make the available ones skyrocket in value to incredibly high levels. Conversely, when the blockchain participants find out you own a majority of the coins, they will likely sell their holdings, thereby crashing the market with excess supply. So you’ll end up buying high, and selling low! How Do Blockchains (Rarely) Get Hacked Then? Answer: Hash Rate Good question. It boils down to the strength of a network. Notable 51% attack victims include Ethereum Classic, Bitcoin Gold, Electroneum, and most recently Grin. The Ethereum Classic network uses the PoW consensus algorithm. Although Bitcoin uses the same algorithm, ETC has a much lower number of nodes and miners securing the system. Thus, it has lesser processing power, making it easier for an attacker to take control. ETC has a hash rate of 1.6 tera hash per second, while Bitcoin’s stands at 117.9 exa hashes per second. ‍The Future of Blockchain Hacks So far, nobody has single-handedly hacked a blockchain. Instead, it’s usually a group of malicious actors or the core dev team that collaborate to breach a blockchain’s security. However, as blockchain platforms get stronger through an increase of nodes or stakers, the possibility of hacking a decentralized network is increasingly moving towards zero. ‍In addition, newer blockchain systems use academically-proven techniques that would need highly-specialized quantum computers to hack. ‍To sum it all up — if you ever hear someone saying that a “blockchain was hacked!” you now have the tools to (politely) correct them and send them on their way. Source: https://coinmarketcap.com/alexandria/article/why-nobody-can-hack-a-blockchain?fbclid=IwAR3n0pKg_ABxR4eTyYzyvP-7mzq60JDw42PLQ1Xha24EWWxY6EWi4cpUEUw

The post Why Nobody Can Hack a Blockchain appeared first on We Greece.

]]> “Hacking” a blockchain is almost impossible — but what makes decentralized ledgers so inherently “unhackable”?

A common mistake that new cryptocurrency investors make is to confuse the hacking of a blockchain with that of a digital exchange. Whereas unfortunately centralized digital exchanges get hacked more than they should, decentralized blockchain hacks are very rare, as they are hard to achieve and provide little incentive to carry out.

‍In this post, we look at what makes blockchains — as applied in the cryptocurrency sector — impervious to security breaches.

‍What Makes a Blockchain Withstand Hacks?

Decentralized and Open-Source Protocols

The blockchains behind most cryptocurrencies are peer-to-peer (P2P), open-source and public, allowing everyone with the right equipment and knowledge to peek in under the hood. This is important to foster transparency and attract buyers.

A blockchain comprises different technological mechanisms working together towards a common goal. For instance, there are consensus mechanisms such as proof of work (PoW) and proof of stake (PoS) that protect the network by mitigating cyber-attacks from hackers.

‍A blockchain’s decentralized nature means that its network is distributed across multiple computers known as nodes. This eliminates a single point of failure. In other words, there is no way to “cut the head off the snake” — because there isn’t any head.

‍The architecture of a blockchain determines how the nodes cooperate in verifying a transaction before being committed to the protocol. In the case of Bitcoin and other PoW systems like Bitcoin Cash, a minimum of 51% of the nodes must agree to the transaction before commitment.

‍Hashing Algorithm

Each transaction is called a block, and the interconnection of several transactions becomes a blockchain. Notably, a block has cryptographic elements that make it unique. A network’s hashing algorithm determines the details. For example, the Bitcoin blockchain uses the double SHA-256 hash function, which takes transaction data and hashes/compresses it into a 256-bit hash.

Why Nobody Can Hack a Blockchain

By making it hard to reverse the hashed value, a transaction becomes inflexible. Each block in a chain contains a specific set of data from the previous block. Therefore, even if a malicious actor reverse-engineers the hash, the resultant block would be out of sync with the rest of the blocks since it will have a different hash output, thus causing the system to reject it.

‍51% Attacks Are Improbable

The longer a blockchain exists and the more new users it attracts, the less likely it is to suffer a 51% attack due to its growing hash power.

This becomes prohibitively expensive at a certain point. Therefore, considering the size of established blockchains like Ethereum and Bitcoin, such a scenario is nearly impossible.

What About Quantum Computing?

Another reason why it’s even harder to hack a blockchain is that in case the block being re-hashed is at the middle of the chain, the attacker would have to re-hash previous blocks to align their historical stamp with the new block.

‍For Bitcoin, this is only possible with the next generation of quantum computing, which currently doesn’t exist. And even when it does, who’s to say there won’t be a blockchain-based quantum defense mechanism to mitigate quantum attacks?

PoS-Based Hacks

In PoS-based systems, stakes determine the strength of the network. To elaborate, this means those users who have delegated or actively locked their native blockchain assets to participate in transaction processing and finding new blocks. On such systems, an attack occurs when a hacker controls a majority of the stake.

‍This is possible when the hacker accumulates over 51% of all coins in circulation. For reputable networks like the evolving Ethereum 2.0 platform, this is all but impossible. Imagine trying to find the funds to buy up 51% of ETH’s current $68 billion market cap!

Economics of a 51%

You can’t orchestrate a stealth 51% attack without creating too much scarcity, as your purchasing of coins will make the available ones skyrocket in value to incredibly high levels. Conversely, when the blockchain participants find out you own a majority of the coins, they will likely sell their holdings, thereby crashing the market with excess supply. So you’ll end up buying high, and selling low!

How Do Blockchains (Rarely) Get Hacked Then? Answer: Hash Rate

Good question. It boils down to the strength of a network. Notable 51% attack victims include Ethereum Classic, Bitcoin Gold, Electroneum, and most recently Grin. The Ethereum Classic network uses the PoW consensus algorithm. Although Bitcoin uses the same algorithm, ETC has a much lower number of nodes and miners securing the system. Thus, it has lesser processing power, making it easier for an attacker to take control.

Why Nobody Can Hack a Blockchain

ETC has a hash rate of 1.6 tera hash per second, while Bitcoin’s stands at 117.9 exa hashes per second.

‍The Future of Blockchain Hacks

So far, nobody has single-handedly hacked a blockchain. Instead, it’s usually a group of malicious actors or the core dev team that collaborate to breach a blockchain’s security. However, as blockchain platforms get stronger through an increase of nodes or stakers, the possibility of hacking a decentralized network is increasingly moving towards zero.

‍In addition, newer blockchain systems use academically-proven techniques that would need highly-specialized quantum computers to hack.

‍To sum it all up — if you ever hear someone saying that a “blockchain was hacked!” you now have the tools to (politely) correct them and send them on their way.

Source: https://coinmarketcap.com/alexandria/article/why-nobody-can-hack-a-blockchain?fbclid=IwAR3n0pKg_ABxR4eTyYzyvP-7mzq60JDw42PLQ1Xha24EWWxY6EWi4cpUEUw

The post Why Nobody Can Hack a Blockchain appeared first on We Greece.

]]> https://wegreece.com.gr/en/%ce%b3%ce%b9%ce%b1%cf%84%ce%af-%ce%ba%ce%b1%ce%bd%ce%b5%ce%af%cf%82-%ce%b4%ce%b5%ce%bd-%ce%bc%cf%80%ce%bf%cf%81%ce%b5%ce%af-%ce%bd%ce%b1-%cf%87%ce%b1%cf%81%ce%ac%ce%be%ce%b5%ce%b9-%ce%ad%ce%bd%ce%b1-b/feed/ 0 Over 7M Americans Own BTC But Hold None In Retirement Accounts https://wegreece.com.gr/en/7m-americans-own-btc-but-hold-none-in-retirement-accounts/ https://wegreece.com.gr/en/7m-americans-own-btc-but-hold-none-in-retirement-accounts/#respond Thu, 27 Aug 2020 06:59:52 +0000 https://wegreece.com.gr/?p=6369 Millions of U.S. citizens own both Bitcoin and a retirement account, but hold no Bitcoin in that retirement account. Ryan Radloff, CEO of custody solution Kingdom Trust, recently explained a vast number of Americans do not hold Bitcoin (BTC) in their retirement accounts. “There’s 7.1 million Americans that have already made the leap to buy Bitcoin or take the dive into our industry so to speak, and have a retirement account, but don’t have Bitcoin in their retirement account,” Radloff told Morgan Creek Digital co-founder Anthony Pompliano in a July 18 interview. People have more to spend on Bitcoin in their retirement accounts Retirement accounts allow the public to put money into a long-term investment fund, with the stipulation of only taking money from that account after a certain time period — usually totalling decades, depending on the participants age. Such a format comes with significant tax breaks and incentives. Various solutions exist as gateways for Bitcoin retirement account purchases and investing, including an option from Kingdom Trust. According to Radloff, people have available capital in their retirement accounts for BTC, but have not pulled the trigger on buying. “If you also look at people’s investible, discretionary money, they usually have three to four times more investible discretionary money in their retirement accounts than they do in their non-retirement accounts,” Radloff said. Bitcoin means potential in retirement accounts Bitcoin spells opportunity at present, given the number of people in the industry, matched with retirement account usage, Radloff noted. He said: “When I say this is the biggest opportunity for Bitcoin, especially in this kind of stock-to-flow model that we look at, I’m looking at 7.1 million Bitcoiners that have three times more investible money in their retirement accounts that aren’t using their retirement accounts to HODL.” Mentioning the trillions of dollars at play in the retirement market, Radloff also noted a lack of workable structure around crypto and blockchain companies offering 401k options to their employees. Radloff’s comment on opportunity comes with reference to Bitcoin’s stock-to-flow ratio, made by crypto Twitter analyst PlanB. The model essentially explains Bitcoin’s inevitable rising price due to its decreasing mining reward payout and limited maximum supply. Source: https://cointelegraph.com/news/over-7m-americans-own-btc-but-hold-none-in-retirement-accounts

The post Over 7M Americans Own BTC But Hold None In Retirement Accounts appeared first on We Greece.

]]> Millions of U.S. citizens own both Bitcoin and a retirement account, but hold no Bitcoin in that retirement account.

Ryan Radloff, CEO of custody solution Kingdom Trust, recently explained a vast number of Americans do not hold Bitcoin (BTC) in their retirement accounts.

“There’s 7.1 million Americans that have already made the leap to buy Bitcoin or take the dive into our industry so to speak, and have a retirement account, but don’t have Bitcoin in their retirement account,” Radloff told Morgan Creek Digital co-founder Anthony Pompliano in a July 18 interview.

People have more to spend on Bitcoin in their retirement accounts

Retirement accounts allow the public to put money into a long-term investment fund, with the stipulation of only taking money from that account after a certain time period — usually totalling decades, depending on the participants age. Such a format comes with significant tax breaks and incentives.

Various solutions exist as gateways for Bitcoin retirement account purchases and investing, including an option from Kingdom Trust. According to Radloff, people have available capital in their retirement accounts for BTC, but have not pulled the trigger on buying.

“If you also look at people’s investible, discretionary money, they usually have three to four times more investible discretionary money in their retirement accounts than they do in their non-retirement accounts,” Radloff said.

Bitcoin means potential in retirement accounts

Bitcoin spells opportunity at present, given the number of people in the industry, matched with retirement account usage, Radloff noted.

He said:

“When I say this is the biggest opportunity for Bitcoin, especially in this kind of stock-to-flow model that we look at, I’m looking at 7.1 million Bitcoiners that have three times more investible money in their retirement accounts that aren’t using their retirement accounts to HODL.”

Mentioning the trillions of dollars at play in the retirement market, Radloff also noted a lack of workable structure around crypto and blockchain companies offering 401k options to their employees.

Radloff’s comment on opportunity comes with reference to Bitcoin’s stock-to-flow ratio, made by crypto Twitter analyst PlanB. The model essentially explains Bitcoin’s inevitable rising price due to its decreasing mining reward payout and limited maximum supply.

Source: https://cointelegraph.com/news/over-7m-americans-own-btc-but-hold-none-in-retirement-accounts

The post Over 7M Americans Own BTC But Hold None In Retirement Accounts appeared first on We Greece.

]]> https://wegreece.com.gr/en/7m-americans-own-btc-but-hold-none-in-retirement-accounts/feed/ 0 Andreas Antonopoulos: Use DeFi Contracts for BTC Passive Income https://wegreece.com.gr/en/use-defi-contracts-for-btc-passive-income-by-andreaw-antonopoulos/ https://wegreece.com.gr/en/use-defi-contracts-for-btc-passive-income-by-andreaw-antonopoulos/#respond Mon, 20 Jul 2020 07:15:00 +0000 https://wegreece.com.gr/?p=6347 HODLing Bitcoin may pay off eventually, but it means one’s money isn’t working for them now, says Andreas Antonopoulos. Bitcoin educator Andreas Antonopoulos says there are risks behind any current method of earning steady income with one’s Bitcoin holdings, but DeFi offers one of the few ways to do so without “giving your money to other people.” In a livestream Q&A on Antonopoulos’ YouTube channel on June 27, he said decentralized finance (DeFi) contracts were one way for Bitcoin (BTC) owners to generate passive income without relinquishing custody of their coins. “Passive income” refers to money earned using methods that require little-to-no effort. According to Antonopoulos, investors could convert their BTC into Ethereum (ETH) or a stablecoin like Dai (DAI), then lend it out on a platform where the token can earn interest. However, he said carrying out such trades on Ethereum-based platforms was “quite risky” in terms of security, smart contracts with bugs, and the platform itself: “Ethereum may have problems. It may have bugs. The consensus algorithm may have failures. You may have increases in the gas price, which leads to other cascade problems. And all of those things can cause you to lose some or all of your invested capital.” Lending and borrowing crypto can be a risky bet due to the high volatility of digital currencies, with a large number of crypto-backed loans used for margin trading. However, the volume of these loans reached $8 billion last year, and may continue to attract investors. HODLing not the only way to earn Though Antonopoulos mentioned other methods for getting investors’ coins to work for them, nearly every way to do so meant relying on a custodial exchange. The Bitcoin educator said such investments carried the risk of theft or mismanagement. Bitcoin HODLers, on the other hand, do not earn dividends or interest on their investments — or anything — until they finally decide to cash out. Antonopoulos says HODLers hope for appreciation, but “what goes up, can come down.” The Bitcoin educator says the same is true for crypto day traders: “You can pull your Bitcoin out and convert it, buy 1,000 altcoins, and then watch them crash by 98%.” Antonopoulos not the only DeFi advocate Others in the crypto community have commented on creating passive income through DeFi lending. Cointelegraph reported in March that OKEx Director of Financial Markets Lennix Lai said: “The combination of cryptocurrency and DeFi creates an alternative way for users to earn passive interest that was not possible before.” Source: https://cointelegraph.com/news/andreas-antonopoulos-use-defi-contracts-for-btc-passive-income

The post Andreas Antonopoulos: Use DeFi Contracts for BTC Passive Income appeared first on We Greece.

]]> HODLing Bitcoin may pay off eventually, but it means one’s money isn’t working for them now, says Andreas Antonopoulos.

Bitcoin educator Andreas Antonopoulos says there are risks behind any current method of earning steady income with one’s Bitcoin holdings, but DeFi offers one of the few ways to do so without “giving your money to other people.”

In a livestream Q&A on Antonopoulos’ YouTube channel on June 27, he said decentralized finance (DeFi) contracts were one way for Bitcoin (BTC) owners to generate passive income without relinquishing custody of their coins. “Passive income” refers to money earned using methods that require little-to-no effort.

According to Antonopoulos, investors could convert their BTC into Ethereum (ETH) or a stablecoin like Dai (DAI), then lend it out on a platform where the token can earn interest. However, he said carrying out such trades on Ethereum-based platforms was “quite risky” in terms of security, smart contracts with bugs, and the platform itself:

“Ethereum may have problems. It may have bugs. The consensus algorithm may have failures. You may have increases in the gas price, which leads to other cascade problems. And all of those things can cause you to lose some or all of your invested capital.”

Lending and borrowing crypto can be a risky bet due to the high volatility of digital currencies, with a large number of crypto-backed loans used for margin trading. However, the volume of these loans reached $8 billion last year, and may continue to attract investors.

Use DeFi Contracts for BTC Passive Income by Andreaw Antonopoulos

HODLing not the only way to earn

Though Antonopoulos mentioned other methods for getting investors’ coins to work for them, nearly every way to do so meant relying on a custodial exchange. The Bitcoin educator said such investments carried the risk of theft or mismanagement.

Bitcoin HODLers, on the other hand, do not earn dividends or interest on their investments — or anything — until they finally decide to cash out. Antonopoulos says HODLers hope for appreciation, but “what goes up, can come down.”

The Bitcoin educator says the same is true for crypto day traders: “You can pull your Bitcoin out and convert it, buy 1,000 altcoins, and then watch them crash by 98%.”

Antonopoulos not the only DeFi advocate

Others in the crypto community have commented on creating passive income through DeFi lending. Cointelegraph reported in March that OKEx Director of Financial Markets Lennix Lai said: “The combination of cryptocurrency and DeFi creates an alternative way for users to earn passive interest that was not possible before.”

Source: https://cointelegraph.com/news/andreas-antonopoulos-use-defi-contracts-for-btc-passive-income

The post Andreas Antonopoulos: Use DeFi Contracts for BTC Passive Income appeared first on We Greece.

]]> https://wegreece.com.gr/en/use-defi-contracts-for-btc-passive-income-by-andreaw-antonopoulos/feed/ 0 Are Bitcoin and cryptocurrencies the perfect hedge in the Covid-19 crisis? https://wegreece.com.gr/en/bitcoin-and-cryptocurrencies-the-perfect-hedge-in-the-covid-19-crisis/ https://wegreece.com.gr/en/bitcoin-and-cryptocurrencies-the-perfect-hedge-in-the-covid-19-crisis/#respond Tue, 14 Jul 2020 07:03:03 +0000 https://wegreece.com.gr/?p=6338 As the Covid-19 crisis continues to disrupt global markets, is it time to hedge Bitcoin, cryptocurrencies and other digital assets? The economic effects of Covid-19 have sent investors in search of assets that can offer shelter during the storm and a hedge against macro events. Against a backdrop of shrinking GDP, economic slowdown, government bailouts, and fiscal stimulus aka money printing, bitcoin and cryptocurrencies have been touted as an inflation-resistant hedge. Not beholden to the whims of any political leader or global superpower, crypto assets are defined by their fixed, knowable, and verifiable supply. They cannot be debased or flooded into the economy to prop up failing institutions, or used to enrich the 1% at the expense of the other 99. But are these qualities enough to make bitcoin and its sister assets capable of serving as a hedge? And if so, how can you increase your exposure to bitcoin while taking steps to mitigate any downside risk? The case for investing in Bitcoin The case for investing in bitcoin is the same as that of any asset: you believe that demand for it is likely to increase in the months and years to come, leading to a corresponding increase in price. This will enable you to sell the asset for more than you paid for it. But if this thesis holds true, what is it about bitcoin that’s likely to make its “number go up” as crypto traders jokingly refer to it? There are many reasons why bitcoin is viewed as an attractive investment and hedge against traditional investments. Renowned investor Paul Tudor Jones has called bitcoin “a great speculation,” and said it reminds him of gold in the 1970s. “Every day that goes by that Bitcoin survives, the trust in it will go up,” noted Jones, who now has around 2% of his wealth in bitcoin. Former Goldman Sachs Fund Manager Raoul Pal, meanwhile, has moved 25% of his portfolio to Bitcoin following the Covid-19 crisis. Institutional interest in bitcoin is increasing and 80% of institutional investors now see the appeal of digital assets. And then there’s the on-chain data that paints a rosy picture of bitcoin’s future, based on metrics such as holding patterns, transaction volume, and the amount of BTC withdrawn from exchanges for long-term storage. Respected bitcoin analyst Willy Woo estimates that BTC is less than a month away from embarking on its next bull run, based on market and on-chain data. Finally, Bitcoin’s supply reduces over time because the number of new coins issued to miners is halved every four years. As a result, Bitcoin’s stock-to-flow, which denotes the number of years, at the current production rate, required to achieve the current supply, is increasing. Bitcoin’s stock-to-flow now stands at 50 (years), placing it close to gold. The case for investing in other digital assets Bitcoin isn’t the only cryptocurrency on the market of course. In fact there are thousands of digital assets, though only a handful of these warrant consideration as an investment and potential hedge. For example, if you believe that the future of finance lies in private transactions and fungible digital cash, you may see value in monero (XMR). If you believe that open finance enforced by smart contracts will be a major growth area, you may wish to invest in the Ethereum ecosystem. The smaller the market capitalisation of the crypto asset you are investing in, the higher the risk is likely to be — but the higher the potential upside too. Thus, it is imperative that you understand the cryptocurrency you are considering, and its function within the blockchain network it powers. For example, decentralised finance projects such as Compound and Balancer enable token-holders to earn yield for staking assets and providing liquidity. Yield-bearing crypto assets — in this case COMP and BAL — sound attractive, but they call for deep knowledge of how their respective protocols work, and are not for casual investors. For investors seeking alpha within the crypto sector, there is no shortage of opportunities. Bear in mind, however, that crypto assets remain highly correlated to bitcoin, and are thus dependent in part on how it performs. When BTC is in a bull market, it typically pulls the rest of the market up with it, and vice-versa. Where to buy Bitcoin Buying bitcoin is a quick process these days, thanks to an array of consumer-friendly apps and websites that eliminate the complexity. Platforms like Skrill have soaked up a slice of the consumer buy-side action, enabling crypto to be bought with dozens of fiat currencies and deposit methods. Skrill’s reputation as a trusted digital payment processor has aided its diversification into cryptocurrency, while the ability to place automated orders at particular price points enables buyers to enter the market if and when BTC reaches their desired price target. While Skrill also allows BTC to be swapped for other cryptocurrencies such as bitcoin cash, EOS, ether, ethereum classic, and litecoin, investors seeking to actively trade digital assets should consider doing so on a dedicated exchange. Many of the most popular exchanges, such as Binance and Coinbase have fiat on-ramps, allowing investors to purchase crypto using debit card or bank transfer, and then trade in and out of stablecoins and cryptos on the exchange. No hedge is perfect Bitcoin and other cryptos aren’t entirely disassociated from the broader financial market. In a cash crisis, for example, investors will sell off their most liquid assets and thus BTC may be one of the first candidates to be off-loaded. What bitcoin does provide, however, is an investment option whose design, transparency, issuance, and transferability stand in stark contrast to the traditional financial system. Shrewd investors should consider allocating a portion of their portfolio to bitcoin, and then increasing it as BTC demonstrates its ability to serve as an economic hedge. Source: https://www.information-age.com/bitcoin-cryptocurrencies-perfect-hedge-covid-19-crisis-123490086/  

The post Are Bitcoin and cryptocurrencies the perfect hedge in the Covid-19 crisis? appeared first on We Greece.

]]> As the Covid-19 crisis continues to disrupt global markets, is it time to hedge Bitcoin, cryptocurrencies and other digital assets?

The economic effects of Covid-19 have sent investors in search of assets that can offer shelter during the storm and a hedge against macro events. Against a backdrop of shrinking GDP, economic slowdown, government bailouts, and fiscal stimulus aka money printing, bitcoin and cryptocurrencies have been touted as an inflation-resistant hedge.

Not beholden to the whims of any political leader or global superpower, crypto assets are defined by their fixed, knowable, and verifiable supply. They cannot be debased or flooded into the economy to prop up failing institutions, or used to enrich the 1% at the expense of the other 99. But are these qualities enough to make bitcoin and its sister assets capable of serving as a hedge? And if so, how can you increase your exposure to bitcoin while taking steps to mitigate any downside risk?

The case for investing in Bitcoin

The case for investing in bitcoin is the same as that of any asset: you believe that demand for it is likely to increase in the months and years to come, leading to a corresponding increase in price. This will enable you to sell the asset for more than you paid for it. But if this thesis holds true, what is it about bitcoin that’s likely to make its “number go up” as crypto traders jokingly refer to it?

There are many reasons why bitcoin is viewed as an attractive investment and hedge against traditional investments.

Renowned investor Paul Tudor Jones has called bitcoin “a great speculation,” and said it reminds him of gold in the 1970s. “Every day that goes by that Bitcoin survives, the trust in it will go up,” noted Jones, who now has around 2% of his wealth in bitcoin.

Former Goldman Sachs Fund Manager Raoul Pal, meanwhile, has moved 25% of his portfolio to Bitcoin following the Covid-19 crisis. Institutional interest in bitcoin is increasing and 80% of institutional investors now see the appeal of digital assets.

And then there’s the on-chain data that paints a rosy picture of bitcoin’s future, based on metrics such as holding patterns, transaction volume, and the amount of BTC withdrawn from exchanges for long-term storage. Respected bitcoin analyst Willy Woo estimates that BTC is less than a month away from embarking on its next bull run, based on market and on-chain data.

Finally, Bitcoin’s supply reduces over time because the number of new coins issued to miners is halved every four years. As a result, Bitcoin’s stock-to-flow, which denotes the number of years, at the current production rate, required to achieve the current supply, is increasing. Bitcoin’s stock-to-flow now stands at 50 (years), placing it close to gold.

The case for investing in other digital assets

Bitcoin isn’t the only cryptocurrency on the market of course. In fact there are thousands of digital assets, though only a handful of these warrant consideration as an investment and potential hedge. For example, if you believe that the future of finance lies in private transactions and fungible digital cash, you may see value in monero (XMR). If you believe that open finance enforced by smart contracts will be a major growth area, you may wish to invest in the Ethereum ecosystem.

The smaller the market capitalisation of the crypto asset you are investing in, the higher the risk is likely to be — but the higher the potential upside too. Thus, it is imperative that you understand the cryptocurrency you are considering, and its function within the blockchain network it powers.

For example, decentralised finance projects such as Compound and Balancer enable token-holders to earn yield for staking assets and providing liquidity. Yield-bearing crypto assets — in this case COMP and BAL — sound attractive, but they call for deep knowledge of how their respective protocols work, and are not for casual investors.

For investors seeking alpha within the crypto sector, there is no shortage of opportunities. Bear in mind, however, that crypto assets remain highly correlated to bitcoin, and are thus dependent in part on how it performs. When BTC is in a bull market, it typically pulls the rest of the market up with it, and vice-versa.

Bitcoin and cryptocurrencies the perfect hedge in the Covid-19 crisis

Where to buy Bitcoin

Buying bitcoin is a quick process these days, thanks to an array of consumer-friendly apps and websites that eliminate the complexity. Platforms like Skrill have soaked up a slice of the consumer buy-side action, enabling crypto to be bought with dozens of fiat currencies and deposit methods.

Skrill’s reputation as a trusted digital payment processor has aided its diversification into cryptocurrency, while the ability to place automated orders at particular price points enables buyers to enter the market if and when BTC reaches their desired price target.

While Skrill also allows BTC to be swapped for other cryptocurrencies such as bitcoin cash, EOS, ether, ethereum classic, and litecoin, investors seeking to actively trade digital assets should consider doing so on a dedicated exchange.

Many of the most popular exchanges, such as Binance and Coinbase have fiat on-ramps, allowing investors to purchase crypto using debit card or bank transfer, and then trade in and out of stablecoins and cryptos on the exchange.

No hedge is perfect

Bitcoin and other cryptos aren’t entirely disassociated from the broader financial market. In a cash crisis, for example, investors will sell off their most liquid assets and thus BTC may be one of the first candidates to be off-loaded.

What bitcoin does provide, however, is an investment option whose design, transparency, issuance, and transferability stand in stark contrast to the traditional financial system. Shrewd investors should consider allocating a portion of their portfolio to bitcoin, and then increasing it as BTC demonstrates its ability to serve as an economic hedge.

Source: https://www.information-age.com/bitcoin-cryptocurrencies-perfect-hedge-covid-19-crisis-123490086/

 

The post Are Bitcoin and cryptocurrencies the perfect hedge in the Covid-19 crisis? appeared first on We Greece.

]]> https://wegreece.com.gr/en/bitcoin-and-cryptocurrencies-the-perfect-hedge-in-the-covid-19-crisis/feed/ 0 “Zoom Scandal Data” shows that Blockchain may be the future of communications https://wegreece.com.gr/en/zoom-data-scandal-shows-blockchain-may-be-the-future-of-communications/ https://wegreece.com.gr/en/zoom-data-scandal-shows-blockchain-may-be-the-future-of-communications/#respond Tue, 21 Apr 2020 09:37:04 +0000 https://wegreece.com.gr/?p=6194 As people around the world started following shelter-in-place orders, popular video conferencing platform Zoom quickly gained new users, noting in a recent blog post that it had reached more than 200 million daily users last month, up from 10 million in December. From virtual conferences to online birthday parties, thousands of individuals have flocked to Zoom in an attempt to remain social at a time when social gatherings are banned. Yet, while Zoom may have seemed like the perfect alternative to in-person gatherings, a major security flaw has been lurking in the system. Following the sudden balloon in daily users, it was discovered last week that thousands of personal Zoom videos have been left viewable on the open web. What’s the issue? Ankit Bhatia, CEO and co-founder of the Sapien Network social platform, told Cointelegraph that signing into Zoom has never been a secure process: “If you know the server the Zoom call is on, then you only need to run a script to generate the right sequence of numbers at a given time and you’re potentially in on a conference, be it a daily technical standup or an AA meeting. This is especially easy when Zoom users don’t password-protect their meetings.” In addition to strangers having access to “private” Zoom videos, personally identifiable information such as email addresses and passwords have also been compromised. Jeff Pulver, Voice Over Internet Protocol pioneer, told Cointelegraph that the main issue with all major communication services like Zoom is that it uses centralized data storage mechanisms. Due to this, Zoom poses security threats to the confidential information it gathers. He explained: “Companies like Zoom say they cannot access user data, but they still mine the data generated by those apps, such as how often users talk to someone and whose phone numbers they have stored in their smartphone’s address book. Routing all business and personal data through a centralized server with one main point of contact poses an overwhelming number of threats for information security.” Pulver, who authored the “Pulver Order” adopted by the U.S. Federal Communications Commission to ensure that users need not pay for communication apps such as FaceTime, understood early on the data issues posed by Zoom. He noted that the thousands of data breaches witnessed between 2018 and 2019 should have been a global wake-up call for people who are looking to better understand how their data was being used by third party platforms. Blockchain can power a new era of communication As such, Pulver believes that the best way of making high-security communications services universally available is through the use of blockchain technology. “By refraining from centralized control, we will be removing the weak link from the equation — the third parties,” he explained. Pulver has spent the past year developing a blockchain-based communications network called Debrief. Unlike conventional video applications, Debrief is an open-source blockchain network upon which communication applications can be built. According to Pulver, leveraging blockchain creates a higher level of security when it comes to users’ personal information: “Unlike Facebook Messenger or Google’s Hangouts, Debrief encrypts user messages by default and also retains virtually no information from users, including messages and address books, on its servers, since they are decentralized.” Karen Sun, Debrief full-stack developer and former solution configuration manager of Ericsson, told Cointelergraph that, “Even if our servers get hacked, the perpetrators will not be able to decrypt the messages stored there.” According to Pulver, Debrief has been primarily built for fast and private transactions. Unlike mainstream public chains like Ethereum, the Debrief infrastructure has been constructed to ensure fast and trusted connections specifically for communication. Pulver further noted that Debrief contains an open-source Middleware component, allowing for mainstream centralized applications such as Zoom to utilize Debrief’s blockchain “by wrapping their code into our code.” While the Debrief Testnet privately launched in February 2020, Pulver mentioned that the MainNet launch is expected in the fourth quarter of this year. The Middleware public launch is also projected for the same period. A video conferencing DApp For use in the meantime, Pulver explained that a decentralized application has been built on the Debrief network. The DApp provides HD video conferencing, peer-to-peer audio and video calling, messaging, decentralized file storage and more. The beta version of Debrief has just been released, which has already seen over 1.2 million transactions from over 3,000 participating users. Pulver mentioned that the challenge moving forward will be generating public awareness for blockchain-based communication networks, adding, “We need to find developers who want to use our blockchain to see what they are able to do with the APIs.” Additionally, regulatory and data standard challenges might also hamper the adoption of a blockchain-based communication network. A recent Telecoms Tech article highlights these challenges, stating, “The current telco industry adheres to a set of data standards, structures, and transmission infrastructure. As such, bringing blockchain applications to this existing framework presents significant challenges.” Pulver, however, remains optimistic, saying: “We have the ability to bring this to the communications industry and my hope is to get thousands of people to connect and innovate in a positive, secure way.” Source: https://cointelegraph.com/news/zoom-data-scandal-shows-blockchain-may-be-the-future-of-communications

The post “Zoom Scandal Data” shows that Blockchain may be the future of communications appeared first on We Greece.

]]> As people around the world started following shelter-in-place orders, popular video conferencing platform Zoom quickly gained new users, noting in a recent blog post that it had reached more than 200 million daily users last month, up from 10 million in December. From virtual conferences to online birthday parties, thousands of individuals have flocked to Zoom in an attempt to remain social at a time when social gatherings are banned.

Yet, while Zoom may have seemed like the perfect alternative to in-person gatherings, a major security flaw has been lurking in the system. Following the sudden balloon in daily users, it was discovered last week that thousands of personal Zoom videos have been left viewable on the open web.

What’s the issue?

Ankit Bhatia, CEO and co-founder of the Sapien Network social platform, told Cointelegraph that signing into Zoom has never been a secure process:

“If you know the server the Zoom call is on, then you only need to run a script to generate the right sequence of numbers at a given time and you’re potentially in on a conference, be it a daily technical standup or an AA meeting. This is especially easy when Zoom users don’t password-protect their meetings.”

In addition to strangers having access to “private” Zoom videos, personally identifiable information such as email addresses and passwords have also been compromised.

Jeff Pulver, Voice Over Internet Protocol pioneer, told Cointelegraph that the main issue with all major communication services like Zoom is that it uses centralized data storage mechanisms. Due to this, Zoom poses security threats to the confidential information it gathers. He explained:

“Companies like Zoom say they cannot access user data, but they still mine the data generated by those apps, such as how often users talk to someone and whose phone numbers they have stored in their smartphone’s address book. Routing all business and personal data through a centralized server with one main point of contact poses an overwhelming number of threats for information security.”

Pulver, who authored the “Pulver Order” adopted by the U.S. Federal Communications Commission to ensure that users need not pay for communication apps such as FaceTime, understood early on the data issues posed by Zoom. He noted that the thousands of data breaches witnessed between 2018 and 2019 should have been a global wake-up call for people who are looking to better understand how their data was being used by third party platforms.

Blockchain can power a new era of communication

As such, Pulver believes that the best way of making high-security communications services universally available is through the use of blockchain technology. “By refraining from centralized control, we will be removing the weak link from the equation — the third parties,” he explained. Pulver has spent the past year developing a blockchain-based communications network called Debrief.

Unlike conventional video applications, Debrief is an open-source blockchain network upon which communication applications can be built. According to Pulver, leveraging blockchain creates a higher level of security when it comes to users’ personal information:

“Unlike Facebook Messenger or Google’s Hangouts, Debrief encrypts user messages by default and also retains virtually no information from users, including messages and address books, on its servers, since they are decentralized.”

Karen Sun, Debrief full-stack developer and former solution configuration manager of Ericsson, told Cointelergraph that, “Even if our servers get hacked, the perpetrators will not be able to decrypt the messages stored there.”

According to Pulver, Debrief has been primarily built for fast and private transactions. Unlike mainstream public chains like Ethereum, the Debrief infrastructure has been constructed to ensure fast and trusted connections specifically for communication. Pulver further noted that Debrief contains an open-source Middleware component, allowing for mainstream centralized applications such as Zoom to utilize Debrief’s blockchain “by wrapping their code into our code.”

While the Debrief Testnet privately launched in February 2020, Pulver mentioned that the MainNet launch is expected in the fourth quarter of this year. The Middleware public launch is also projected for the same period.

A video conferencing DApp

For use in the meantime, Pulver explained that a decentralized application has been built on the Debrief network. The DApp provides HD video conferencing, peer-to-peer audio and video calling, messaging, decentralized file storage and more. The beta version of Debrief has just been released, which has already seen over 1.2 million transactions from over 3,000 participating users.

Pulver mentioned that the challenge moving forward will be generating public awareness for blockchain-based communication networks, adding, “We need to find developers who want to use our blockchain to see what they are able to do with the APIs.”

Additionally, regulatory and data standard challenges might also hamper the adoption of a blockchain-based communication network. A recent Telecoms Tech article highlights these challenges, stating,

“The current telco industry adheres to a set of data standards, structures, and transmission infrastructure. As such, bringing blockchain applications to this existing framework presents significant challenges.”

Pulver, however, remains optimistic, saying:

“We have the ability to bring this to the communications industry and my hope is to get thousands of people to connect and innovate in a positive, secure way.”

Source: https://cointelegraph.com/news/zoom-data-scandal-shows-blockchain-may-be-the-future-of-communications

The post “Zoom Scandal Data” shows that Blockchain may be the future of communications appeared first on We Greece.

]]> https://wegreece.com.gr/en/zoom-data-scandal-shows-blockchain-may-be-the-future-of-communications/feed/ 0 Bitcoin’s first interest-free deposit was granted https://wegreece.com.gr/en/%cf%80%cf%81%cf%8e%cf%84%ce%b7-%ce%ac%ce%b4%ce%b5%ce%b9%ce%b1-%ce%b3%ce%b9%ce%b1-%ce%ba%ce%b1%cf%84%ce%b1%ce%b8%ce%ad%cf%83%ce%b5%ce%b9%cf%82-%ce%bc%ce%b5-%cf%84%cf%8c%ce%ba%ce%bf-%cf%83%ce%b5-bitcoin/ https://wegreece.com.gr/en/%cf%80%cf%81%cf%8e%cf%84%ce%b7-%ce%ac%ce%b4%ce%b5%ce%b9%ce%b1-%ce%b3%ce%b9%ce%b1-%ce%ba%ce%b1%cf%84%ce%b1%ce%b8%ce%ad%cf%83%ce%b5%ce%b9%cf%82-%ce%bc%ce%b5-%cf%84%cf%8c%ce%ba%ce%bf-%cf%83%ce%b5-bitcoin/#respond Thu, 12 Mar 2020 11:32:15 +0000 https://wegreece.com.gr/?p=6101 We are now seeing people wanting to save their Bitcoin savings. Is it the start of a new big bull run or another bubble? It is not the first time Bitcoin reaches $ 10,000, but the third in its history. The first was in 2017, when starting at $ 1,000, it climbed to an all-time high of $ 20,000. The journey from 10,000 to 20,000 took only 18 days. The second time was in mid-2019, when it went from about $ 3,500 to $ 14,000 in a few weeks. This case is different from the previous ones. No excessive or hasty movement has been preceded. That is why it is considered to have a more solid base. It is not based on investor excitement or on a business event. Although by its very nature the number 10,000 has something special. From 4 digits, the number now goes up to 5 digits. Change is great in psychology, you feel like you are lifting level. And not only there. The media are again referring to the “phenomenon” of Bitcoin. They start and inform about it. People are learning about halving and some of the unique features of Bitcoin. The only thing we can’t blame for Bitcoin is that it has not provided any opportunities to acquire it. We had 7 whole months to buy under $ 5,000. Even a little bit, a little bit. Because you can buy as much as you want, even for a few euros. The price on the “dashboard” reflects the expectation. Only this time the infrastructure is much more durable, much more hospitable. The world has learned about it, even as a name. The institutionalists who have the “big pockets” are about to enter. Not only are some of the big players in the market already in place, but they are preparing the ground to be able to welcome others. There are legal providers and exchanges that comply with the laws of each state in which they are based and have official authorizations from the Authorities. Everything is ready for the big trip. Many say that this is why we are at the beginning of a new, larger, more massive bull run ever in the history of Bitcoin. The next question is how much is “enough” for the price of Bitcoin. Because so far it has amazed us. His course is but a course of constant rejection of expectations, usually surprising us positively. 10 years ago, you need 100 euros to buy 100-150 Bitcoin. If you had kept them up to date, they would have been worth a million. In the next ten years, how much will they be worth? We are now seeing people wanting to save their savings in Bitcoin, not euros or dollars or pounds. In Bitcoin? What a jerk they are, many will complain. Why do we need Bitcoin? With my money in the banks secured, I withdraw whenever I want in the currency I use, I take interest, I have them as a means of saving. To see how many errors there are in the last sentence: Secured? You will hardly hear this again from Cyprus. Withdraw whenever you want? So easily we forgot what happened in our country 5 years ago, when we learned that we could only make 60 € a day, from the money allegedly owned exclusively by us? Interesting? In our time, anyone who does not pay above banks is happy. In terms of purchasing power, better not ask Venezuelan or Argentinean. But can the traditional monetary and banking system have so many disadvantages? It is not the first time that we are fooled into something we are used to, feeling so familiar, that we have not thought about it. Throughout history, the main method of communicating with someone over long distances has been to send a letter. It could take days, weeks, even months. Without any guarantee that it will reach its destination. Email has drastically changed communications. Messages are sent and received immediately, from anywhere in the world. Before its appearance, people did not realize the disadvantages of the old communications system. This is true of today’s monetary system. Most do not worry about the disadvantages of traditional trading. However, new technology is already beginning to emerge. Seasons are always changing, only this time running. They’re not waiting for you. Hong Kong has already been granted the first official government license, the ‘Pawnhub’ company, which will accept your Bitcoin deposits and give you interest! Source:  https://www.euro2day.gr/investments/crypto/article/2007731/dothhke-h-proth-adeia-gia-katatheseis-me-toko-se-b.html?fbclid=IwAR0LpBm9BvT_T1W1YlRu4g6G2GwGgg4G6G

The post Bitcoin’s first interest-free deposit was granted appeared first on We Greece.

]]> We are now seeing people wanting to save their Bitcoin savings. Is it the start of a new big bull run or another bubble?

It is not the first time Bitcoin reaches $ 10,000, but the third in its history.

The first was in 2017, when starting at $ 1,000, it climbed to an all-time high of $ 20,000. The journey from 10,000 to 20,000 took only 18 days.
The second time was in mid-2019, when it went from about $ 3,500 to $ 14,000 in a few weeks.

Bitcoin's first interest-free deposit was granted

This case is different from the previous ones. No excessive or hasty movement has been preceded. That is why it is considered to have a more solid base. It is not based on investor excitement or on a business event. Although by its very nature the number 10,000 has something special. From 4 digits, the number now goes up to 5 digits. Change is great in psychology, you feel like you are lifting level. And not only there. The media are again referring to the “phenomenon” of Bitcoin. They start and inform about it. People are learning about halving and some of the unique features of Bitcoin.

The only thing we can’t blame for Bitcoin is that it has not provided any opportunities to acquire it. We had 7 whole months to buy under $ 5,000. Even a little bit, a little bit. Because you can buy as much as you want, even for a few euros.

The price on the “dashboard” reflects the expectation. Only this time the infrastructure is much more durable, much more hospitable. The world has learned about it, even as a name. The institutionalists who have the “big pockets” are about to enter. Not only are some of the big players in the market already in place, but they are preparing the ground to be able to welcome others. There are legal providers and exchanges that comply with the laws of each state in which they are based and have official authorizations from the Authorities.

Everything is ready for the big trip. Many say that this is why we are at the beginning of a new, larger, more massive bull run ever in the history of Bitcoin. The next question is how much is “enough” for the price of Bitcoin. Because so far it has amazed us.

His course is but a course of constant rejection of expectations, usually surprising us positively. 10 years ago, you need 100 euros to buy 100-150 Bitcoin. If you had kept them up to date, they would have been worth a million. In the next ten years, how much will they be worth?

We are now seeing people wanting to save their savings in Bitcoin, not euros or dollars or pounds. In Bitcoin? What a jerk they are, many will complain. Why do we need Bitcoin? With my money in the banks secured, I withdraw whenever I want in the currency I use, I take interest, I have them as a means of saving.

To see how many errors there are in the last sentence:

Secured? You will hardly hear this again from Cyprus. Withdraw whenever you want? So easily we forgot what happened in our country 5 years ago, when we learned that we could only make 60 € a day, from the money allegedly owned exclusively by us?
Interesting? In our time, anyone who does not pay above banks is happy. In terms of purchasing power, better not ask Venezuelan or Argentinean.
But can the traditional monetary and banking system have so many disadvantages? It is not the first time that we are fooled into something we are used to, feeling so familiar, that we have not thought about it.

Throughout history, the main method of communicating with someone over long distances has been to send a letter. It could take days, weeks, even months. Without any guarantee that it will reach its destination. Email has drastically changed communications. Messages are sent and received immediately, from anywhere in the world. Before its appearance, people did not realize the disadvantages of the old communications system.

This is true of today’s monetary system. Most do not worry about the disadvantages of traditional trading. However, new technology is already beginning to emerge.

Bitcoin's first interest-free deposit was granted

Seasons are always changing, only this time running. They’re not waiting for you. Hong Kong has already been granted the first official government license, the ‘Pawnhub’ company, which will accept your Bitcoin deposits and give you interest!

Source:  https://www.euro2day.gr/investments/crypto/article/2007731/dothhke-h-proth-adeia-gia-katatheseis-me-toko-se-b.html?fbclid=IwAR0LpBm9BvT_T1W1YlRu4g6G2GwGgg4G6G

The post Bitcoin’s first interest-free deposit was granted appeared first on We Greece.

]]> https://wegreece.com.gr/en/%cf%80%cf%81%cf%8e%cf%84%ce%b7-%ce%ac%ce%b4%ce%b5%ce%b9%ce%b1-%ce%b3%ce%b9%ce%b1-%ce%ba%ce%b1%cf%84%ce%b1%ce%b8%ce%ad%cf%83%ce%b5%ce%b9%cf%82-%ce%bc%ce%b5-%cf%84%cf%8c%ce%ba%ce%bf-%cf%83%ce%b5-bitcoin/feed/ 0 “Bomb” from Fidelity for Bitcoin ! https://wegreece.com.gr/en/bomb-from-fidelity-for-bitcoin/ https://wegreece.com.gr/en/bomb-from-fidelity-for-bitcoin/#respond Mon, 09 Mar 2020 07:50:03 +0000 https://wegreece.com.gr/?p=6069 Because the international house says that besides the popular cryptocurrency, all other forms of money look … obsolete. How strong is the argument that … they won’t reach everyone. The ‘bomb’ fell from its subsidiary Fidelity Digital and Fidelity Digital Assets. In her Twitter account she posted a study of ”Unchained Capital”, which concludes that besides Bitcoin all other forms of money seem outdated. And not only that. But also that Bitcoin does not reach everyone (https://twitter.com/DigitalAssets/status/1223306849275076608)! For those who don’t know what ‘Fidelity’ is, this is an investment giant, one of the world’s largest asset managers. It employs over 50,000 employees and serves 30,000,000 customers. Under its supervision are 7.8 trillion. ($ 7,800 billion), mainly through a ‘bouquet’ of funds. Here’s some excerpts from the study (https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/): When talking about Bitcoin, there are generally two conditions that seem to apply at any one time. Everyone always feels that it is too late to buy now and everyone wishes they had bought more. There are exceptions to every rule, but Bitcoin has an amazing ability to penetrate people’s psyche. It seems that the 21 million, which is the maximum number of coins to come, is scarce, as more and more people realize that this number is not going to be violated. The demand for Bitcoin is driven by the credibility of its monetary properties. Anyone who thinks that Bitcoin will be the dominant global currency may seem crazy. Its value is just $ 150 billion, minimal compared to the global financial system, which supports $ 250 trillion in debt. Gold alone is worth $ 8 trillion (50 times the size of Bitcoin). What are the chances of this happening? The idea sounds ridiculous or, at least, too low as a possibility. While the number of people with whom a person can maintain social relationships is inherently limited, the same limits do not apply to monetary networks. A monetary network allows millions (if not hundreds of millions) of people unknown to one another to add value to the network, with relatively few direct connections. When the adoption of a monetary network increases by one order of magnitude (10x), the possible network connections increase by two orders of magnitude (100x). Over time, the value of Bitcoin will continue to increase. It has an optimal monetary policy and this policy is strictly implemented on a decentralized basis. The element of trust has ceased to be disputed, as it proves to be the rarest form of money ever. The finite quantity is what sets it apart from all other forms of money. Rarity is one side of the equation. The other crucial aspect concerns demand. Bitcoin is becoming increasingly rare as a result of the two-way operation of increasing demand and a completely inelastic supply. Rarity generates demand, while increasing demand creates more scarcity. It sounds circular, because it is. If there was only one person interested in the 21 million coins, there would be nothing rare or useful. However, if 100 million people want to acquire Bitcoin, 21 million start to become rare. If the network reaches one billion users, 21 million will become extremely rare. In addition, Bitcoin will be of greater use as it will now have stability. Bitcoin combines rarity with the ability to subdivide each unit into 8 decimal places. This way you can carry any amount of value, no matter how big or small it may be. Rarity alone is not necessarily valuable. Neither is the property of divisibility. It is their combination that makes them valuable. Bitcoin is often described as digital gold, but in reality it is not a fair qualification. Bitcoin combines the power of natural gold with the potential of the digital dollar. Gold is rare, but difficult to divide and carry, while the dollar is easy to carry but not rare. The main comparative advantage is the fact that Bitcoin can be transferred directly through a communication channel without the need for a third party intermediary such as banking institutions. This is fundamentally different from digital payments on fiat systems, which depend on reliable intermediaries. ** The article does not constitute a prompt for the purchase or sale of the said securities. Provided for informational purposes only. Source: https://www.euro2day.gr/investments/crypto/article/2007099/vomva-apo-thn-fidelity-gia-to-bitcoin.html  

The post “Bomb” from Fidelity for Bitcoin ! appeared first on We Greece.

]]> Because the international house says that besides the popular cryptocurrency, all other forms of money look … obsolete. How strong is the argument that … they won’t reach everyone.

The ‘bomb’ fell from its subsidiary Fidelity Digital and Fidelity Digital Assets. In her Twitter account she posted a study of ”Unchained Capital”, which concludes that besides Bitcoin all other forms of money seem outdated. And not only that. But also that Bitcoin does not reach everyone (https://twitter.com/DigitalAssets/status/1223306849275076608)!

For those who don’t know what ‘Fidelity’ is, this is an investment giant, one of the world’s largest asset managers. It employs over 50,000 employees and serves 30,000,000 customers. Under its supervision are 7.8 trillion. ($ 7,800 billion), mainly through a ‘bouquet’ of funds.

Here’s some excerpts from the study (https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/):

When talking about Bitcoin, there are generally two conditions that seem to apply at any one time. Everyone always feels that it is too late to buy now and everyone wishes they had bought more. There are exceptions to every rule, but Bitcoin has an amazing ability to penetrate people’s psyche.

It seems that the 21 million, which is the maximum number of coins to come, is scarce, as more and more people realize that this number is not going to be violated. The demand for Bitcoin is driven by the credibility of its monetary properties.

Anyone who thinks that Bitcoin will be the dominant global currency may seem crazy. Its value is just $ 150 billion, minimal compared to the global financial system, which supports $ 250 trillion in debt. Gold alone is worth $ 8 trillion (50 times the size of Bitcoin). What are the chances of this happening? The idea sounds ridiculous or, at least, too low as a possibility.

fidelity for bitcoin

While the number of people with whom a person can maintain social relationships is inherently limited, the same limits do not apply to monetary networks. A monetary network allows millions (if not hundreds of millions) of people unknown to one another to add value to the network, with relatively few direct connections. When the adoption of a monetary network increases by one order of magnitude (10x), the possible network connections increase by two orders of magnitude (100x).

Over time, the value of Bitcoin will continue to increase. It has an optimal monetary policy and this policy is strictly implemented on a decentralized basis. The element of trust has ceased to be disputed, as it proves to be the rarest form of money ever. The finite quantity is what sets it apart from all other forms of money.

Rarity is one side of the equation. The other crucial aspect concerns demand. Bitcoin is becoming increasingly rare as a result of the two-way operation of increasing demand and a completely inelastic supply. Rarity generates demand, while increasing demand creates more scarcity. It sounds circular, because it is. If there was only one person interested in the 21 million coins, there would be nothing rare or useful.

However, if 100 million people want to acquire Bitcoin, 21 million start to become rare. If the network reaches one billion users, 21 million will become extremely rare. In addition, Bitcoin will be of greater use as it will now have stability.

Bitcoin combines rarity with the ability to subdivide each unit into 8 decimal places. This way you can carry any amount of value, no matter how big or small it may be. Rarity alone is not necessarily valuable. Neither is the property of divisibility. It is their combination that makes them valuable.

fidelity for bitcoin

Bitcoin is often described as digital gold, but in reality it is not a fair qualification. Bitcoin combines the power of natural gold with the potential of the digital dollar. Gold is rare, but difficult to divide and carry, while the dollar is easy to carry but not rare. The main comparative advantage is the fact that Bitcoin can be transferred directly through a communication channel without the need for a third party intermediary such as banking institutions. This is fundamentally different from digital payments on fiat systems, which depend on reliable intermediaries.

** The article does not constitute a prompt for the purchase or sale of the said securities. Provided for informational purposes only.

Source: https://www.euro2day.gr/investments/crypto/article/2007099/vomva-apo-thn-fidelity-gia-to-bitcoin.html

 

The post “Bomb” from Fidelity for Bitcoin ! appeared first on We Greece.

]]> https://wegreece.com.gr/en/bomb-from-fidelity-for-bitcoin/feed/ 0 Η ενσωμάτωση του ‘’BitPay’’ επιτρέπει στους χρήστες να αγοράζουν χρυσό με κρυπτονομίσματα https://wegreece.com.gr/en/bitpay-integration-lets-users-buy-gold-with-cryptocurrency/ https://wegreece.com.gr/en/bitpay-integration-lets-users-buy-gold-with-cryptocurrency/#respond Mon, 20 Jan 2020 08:54:34 +0000 https://wegreece.com.gr/?p=5793 Sorry, this entry is only available in Ελληνικά. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Η ‘’OneGold’’, μια online αγορά που αφορά στην αγορά, πώληση και εξαργύρωση πολύτιμων μετάλλων, ανακοίνωσε μια συνεργασία με το ‘’BitPay’’ στις 13 Ιανουαρίου, η οποία θα επιτρέψει στους χρήστες κρυπτονομισμάτων να αγοράσουν χρυσό και άλλα πολύτιμα μέταλλα μέσα από τις συσκευές τους Android και iOS. Μέσω της αυτής ενσωμάτωσης με το ‘’BitPay’’ – ένας κορυφαίος πάροχος υπηρεσιών πληρωμών Bitcoin που υποστηρίζει σήμερα περισσότερους από 30.000 εμπόρους, συμπεριλαμβανομένης της νέας κινητής εφαρμογής της ‘’Microsoft’’ και της ‘’Avnet’’ – ‘’OneGold’’, δέχεται πληρωμές σε Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) και άλλα κρυπτονομίσματα. Επιπλέον, οι πελάτες του ‘’BitPay’’ θα εξοικονομήσουν 2% όταν χρησιμοποιούν την υπηρεσία στο ‘’OneGold.com’’. Ο Διευθύνων Σύμβουλος της ‘’OneGold’’, κ. Kenneth Lewis, δήλωσε στην ‘’Cointelegraph’’ ότι η συνεργασία θα κάνει τη διατήρηση του πλούτου διαθέσιμη σε όλους με το χαμηλότερο κόστος ιδιοκτησίας που διατίθεται στην αγορά: “Οι κάτοχοι κρυπτονομισμάτων είναι ουσιαστικά επενδυτές πολύτιμων μετάλλων και μπορούν να χρησιμοποιήσουν την ‘’OneGold’’ για να εξισορροπήσουν το επενδυτικό τους χαρτοφυλάκιο. Με τη χρήση του ‘’BitPay’’, οι κάτοχοι κρυπτονομισμάτων μπορούν να αγοράσουν γρήγορα χρυσό ή ασήμι στις θεσμικές τιμές, εξοικονομώντας 2% και να δημιουργήσουν ένα ισορροπημένο μείγμα χρυσού, αργύρου και κρυπτονομισμάτων». Τα κρυπτονομίσματα και οι σχέσεις τους με τον χρυσό Το Bitcoin συγκρίθηκε συχνά με το χρυσό, με το ‘’Bloomberg’’ να αναφέρει πρόσφατα ότι είναι ισοδύναμο με τον ψηφιακό χρυσό, καθώς υπάρχει μια συσχέτιση μεταξύ των δύο που εκτείνεται βαθύτερα από ό, τι και τα δύο είναι ασφαλή, περιορισμένα περιουσιακά στοιχεία. Σε μια νέα έκθεση, ο αναλυτής της αγοράς ‘’Bloomberg’’, Mike McGlone, χαρακτηρίζει το 2020 ως πρώτο έτος για τα περιουσιακά στοιχεία του ασφαλούς περιβόλου, γεγονός που υποδηλώνει ότι οι κινήσεις του χρυσού θα λειτουργήσουν ως υποκατάστατο για την απόδοση των τιμών της BTC. Ο McGlone υπογραμμίζει την πρόσφατη αύξηση των τιμών στην αξία του Bitcoin μετά τη δολοφονία του Ιρανού στρατηγού Qassem Soleimani από τις ΗΠΑ. Λίγο μετά το γεγονός αυτό, τόσο η τιμή του Bitcoin όσο και ο χρυσός αυξήθηκαν. Ο McGlone σημείωσε ότι «το πολύτιμο μέταλλο έφτασε τα 1.600 δολάρια, ενώ το ψηφιακό νόμισμα ακολούθησε, αυξάνοντας την τιμή του κατά 20%». Ειδικότερα, ο πάροχος σταθερού καπνού Paxos δημιούργησε ένα κρυπτογραφικό περιουσιακό στοιχείο εξαργυρώσιμο για φυσικό χρυσό. Τα ‘’Paxos’’ ξεκίνησαν το PAX Gold (PAXG), ένα συμβόλαιο ERC-20 που υποστηρίζεται από χρυσό τον Σεπτέμβριο του 2019, υποστηρίζοντας ότι το προϊόν είναι το πρώτο κρυπτογραφικό υλικό εξαγοράσιμο για φυσικό χρυσό. Σύμφωνα με μια έκθεση, κάθε συμβόλαιο PAXG θα επιστραφεί από μία λεπτή ουγγιά του χρυσού ‘’Good Delivery’’ του Λονδίνου. Οι κάτοχοι σημάτων έχουν το δικό τους χρυσό που αντιπροσωπεύει, αλλά τα χαρτονομίσματα μπορούν να μεταφερθούν όπως και κάθε άλλο στοιχείο του ERC-20, το οποίο οι σημειώσεις του ‘’Paxos’’ είναι απλούστερες από το ναυτιλιακό χρυσό. Η στάμπα του ‘’Paxos’’ μοιάζει με το μοντέλο εξυπηρέτησης που παρέχει η ‘’OneGold’’, η οποία ιδρύθηκε από τον αντιπρόσωπο ‘’APMEX’’ και τον εναλλακτικό διαχειριστή κεφαλαίων Sprott. Η εταιρεία παρέχει σε εκατομμύρια πελάτες παγκοσμίως  τη δυνατότητα ψηφιακής συγκράτησης πολύτιμων μετάλλων. Όταν οι χρήστες του ‘’OneGold’’ είναι έτοιμοι να αναλάβουν την κατοχή τους, μπορούν να μετατρέψουν τις εκμεταλλεύσεις πολύτιμων μετάλλων τους σε φυσικά μέταλλα, τα οποία αποστέλλονται από την ‘’APMEX’’ την ίδια εργάσιμη ημέρα. Πηγή: https://cointelegraph.com/news/bitpay-integration-lets-users-buy-gold-with-cryptocurrency

The post Η ενσωμάτωση του ‘’BitPay’’ επιτρέπει στους χρήστες να αγοράζουν χρυσό με κρυπτονομίσματα appeared first on We Greece.

]]> Sorry, this entry is only available in Ελληνικά. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.

Η ‘’OneGold’’, μια online αγορά που αφορά στην αγορά, πώληση και εξαργύρωση πολύτιμων μετάλλων, ανακοίνωσε μια συνεργασία με το ‘’BitPay’’ στις 13 Ιανουαρίου, η οποία θα επιτρέψει στους χρήστες κρυπτονομισμάτων να αγοράσουν χρυσό και άλλα πολύτιμα μέταλλα μέσα από τις συσκευές τους Android και iOS.

Μέσω της αυτής ενσωμάτωσης με το ‘’BitPay’’ – ένας κορυφαίος πάροχος υπηρεσιών πληρωμών Bitcoin που υποστηρίζει σήμερα περισσότερους από 30.000 εμπόρους, συμπεριλαμβανομένης της νέας κινητής εφαρμογής της ‘’Microsoft’’ και της ‘’Avnet’’ – ‘’OneGold’’, δέχεται πληρωμές σε Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) και άλλα κρυπτονομίσματα. Επιπλέον, οι πελάτες του ‘’BitPay’’ θα εξοικονομήσουν 2% όταν χρησιμοποιούν την υπηρεσία στο ‘’OneGold.com’’.

Ο Διευθύνων Σύμβουλος της ‘’OneGold’’, κ. Kenneth Lewis, δήλωσε στην ‘’Cointelegraph’’ ότι η συνεργασία θα κάνει τη διατήρηση του πλούτου διαθέσιμη σε όλους με το χαμηλότερο κόστος ιδιοκτησίας που διατίθεται στην αγορά:

“Οι κάτοχοι κρυπτονομισμάτων είναι ουσιαστικά επενδυτές πολύτιμων μετάλλων και μπορούν να χρησιμοποιήσουν την ‘’OneGold’’ για να εξισορροπήσουν το επενδυτικό τους χαρτοφυλάκιο. Με τη χρήση του ‘’BitPay’’, οι κάτοχοι κρυπτονομισμάτων μπορούν να αγοράσουν γρήγορα χρυσό ή ασήμι στις θεσμικές τιμές, εξοικονομώντας 2% και να δημιουργήσουν ένα ισορροπημένο μείγμα χρυσού, αργύρου και κρυπτονομισμάτων».

Τα κρυπτονομίσματα και οι σχέσεις τους με τον χρυσό

Το Bitcoin συγκρίθηκε συχνά με το χρυσό, με το ‘’Bloomberg’’ να αναφέρει πρόσφατα ότι είναι ισοδύναμο με τον ψηφιακό χρυσό, καθώς υπάρχει μια συσχέτιση μεταξύ των δύο που εκτείνεται βαθύτερα από ό, τι και τα δύο είναι ασφαλή, περιορισμένα περιουσιακά στοιχεία.

Σε μια νέα έκθεση, ο αναλυτής της αγοράς ‘’Bloomberg’’, Mike McGlone, χαρακτηρίζει το 2020 ως πρώτο έτος για τα περιουσιακά στοιχεία του ασφαλούς περιβόλου, γεγονός που υποδηλώνει ότι οι κινήσεις του χρυσού θα λειτουργήσουν ως υποκατάστατο για την απόδοση των τιμών της BTC.

Ο McGlone υπογραμμίζει την πρόσφατη αύξηση των τιμών στην αξία του Bitcoin μετά τη δολοφονία του Ιρανού στρατηγού Qassem Soleimani από τις ΗΠΑ. Λίγο μετά το γεγονός αυτό, τόσο η τιμή του Bitcoin όσο και ο χρυσός αυξήθηκαν.

Ο McGlone σημείωσε ότι «το πολύτιμο μέταλλο έφτασε τα 1.600 δολάρια, ενώ το ψηφιακό νόμισμα ακολούθησε, αυξάνοντας την τιμή του κατά 20%».

Ειδικότερα, ο πάροχος σταθερού καπνού Paxos δημιούργησε ένα κρυπτογραφικό περιουσιακό στοιχείο εξαργυρώσιμο για φυσικό χρυσό. Τα ‘’Paxos’’ ξεκίνησαν το PAX Gold (PAXG), ένα συμβόλαιο ERC-20 που υποστηρίζεται από χρυσό τον Σεπτέμβριο του 2019, υποστηρίζοντας ότι το προϊόν είναι το πρώτο κρυπτογραφικό υλικό εξαγοράσιμο για φυσικό χρυσό.

Σύμφωνα με μια έκθεση, κάθε συμβόλαιο PAXG θα επιστραφεί από μία λεπτή ουγγιά του χρυσού ‘’Good Delivery’’ του Λονδίνου. Οι κάτοχοι σημάτων έχουν το δικό τους χρυσό που αντιπροσωπεύει, αλλά τα χαρτονομίσματα μπορούν να μεταφερθούν όπως και κάθε άλλο στοιχείο του ERC-20, το οποίο οι σημειώσεις του ‘’Paxos’’ είναι απλούστερες από το ναυτιλιακό χρυσό.

Η στάμπα του ‘’Paxos’’ μοιάζει με το μοντέλο εξυπηρέτησης που παρέχει η ‘’OneGold’’, η οποία ιδρύθηκε από τον αντιπρόσωπο ‘’APMEX’’ και τον εναλλακτικό διαχειριστή κεφαλαίων Sprott. Η εταιρεία παρέχει σε εκατομμύρια πελάτες παγκοσμίως  τη δυνατότητα ψηφιακής συγκράτησης πολύτιμων μετάλλων. Όταν οι χρήστες του ‘’OneGold’’ είναι έτοιμοι να αναλάβουν την κατοχή τους, μπορούν να μετατρέψουν τις εκμεταλλεύσεις πολύτιμων μετάλλων τους σε φυσικά μέταλλα, τα οποία αποστέλλονται από την ‘’APMEX’’ την ίδια εργάσιμη ημέρα.

Πηγή: https://cointelegraph.com/news/bitpay-integration-lets-users-buy-gold-with-cryptocurrency

The post Η ενσωμάτωση του ‘’BitPay’’ επιτρέπει στους χρήστες να αγοράζουν χρυσό με κρυπτονομίσματα appeared first on We Greece.

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