De Canadese investeringsfondsbeheerder 3iQ is vandaag in het nieuws nadat het aankondigde dat zijn op Ether gebaseerde fonds, The Ether Fund (TSX: QETH.UN), nu in Canadese dollars genoteerd staat aan de Toronto Stock Exchange (TSX).

De ontwikkeling in kwestie komt doordat The Ether Fund een overweldigende vraag van investeerders ontving na de succesvolle beursgang van het fonds op de Toronto Stock Exchange.

Het werd verwelkomd door Fred Pye, voorzitter van 3iQ, die zei:

„Ten slotte hebben Canadese investeerders de mogelijkheid om The Ether Fund te verhandelen in hun eigen valuta en via hun lokaal gedomineerde rekeningen.“

Volgens een rapport van 3iQ maakt het fonds een allocatie van 99,9% naar de digitale activa en slechts 0,01% naar de USD, waardoor beleggers een aanzienlijke blootstelling aan ETH krijgen.

De meeste beleggers zien dit fonds als een geschikt alternatief voor directe investeringen in ETH, aangezien hun vermogensgroei op lange termijn kan worden gerealiseerd via in Canada geregistreerde rekeningen RRSP en RRIF.

Dit soort gereguleerde blootstelling aan een ander type activaklasse op een grote effectenbeurs biedt financiële adviseurs en instellingen een manier om allocaties te doen naar cryptocurrencies

Ethereum [ETH] is ’s werelds op een na grootste cryptocurrency qua marktkapitalisatie, met een altcoin die op het moment van schrijven rond de $ 1.200 handelde. Hoewel ETH nog steeds een beetje verwijderd was van het overtreden van zijn ATH van $ 1.448, suggereerden on-chain-statistieken dat de altcoin binnenkort onderweg kan zijn.

De prijsvoorspellingen op de lange termijn voor het digitale activum waren zelfs extreem optimistisch, waarbij Global Macro-investeerder Raoul Pal een van degenen was die dergelijke voorspellingen deed. Volgens Pal zou ETH op basis van de wet van Metcalfe een nieuw record kunnen bereiken, dichtbij de $ 20.000.

Er moet ook worden opgemerkt dat 3iQ de eerste investeringsmanager was die werd goedgekeurd door de Ontario Securities Commission (OSC) om op te treden als een IFM / PM van meerdere crypto-activa in Canada.

In gerelateerd nieuws, gisteren, 3iQs Bitcoin Fund gekruist $ 1 miljard dollar aan activa onder beheer (AUM).

While Bitcoin network activity is on a record chase, the overall crypto market is witnessing rising capital inflows that are pushing the cryptocurrency back towards $40,000.

Only briefly lasted the respite that the bulls took after the efforts of the last few weeks. With a 24-hour plus of over 9 percent, the bitcoin price seamlessly resumed where it had stopped at the beginning of the week. At press time, the digital currency is trading at $38,379, putting it back in position for an assault on the $40,000 mark.

Bitcoin price in the weekly chart

While the Bitcoin Profit is struggling to bottom above the symbolic key mark, almost the entire crypto market starts the trading day under good omens. On a daily basis, the top 10 coins are gaining in value, in some cases significantly, with the DeFi coins Polkadot (DOT) and Chainlink (LINK) leading the way with double-digit price gains.

With a strong 69 percent dominance over the altcoins, crypto bandwagon Bitcoin is gradually leading the overall market back toward all-time highs. Overnight, total market capitalization has once again passed the US$1 trillion mark in Bitcoin’s wake, falling just US$10 billion short of the preliminary peak.

Bitcoin network activity

However, indicators at the network level also show a continued growth trend. While total market capitalization is only a few meters away from an all-time high, on-chain activity has already set a new record high with around 1,343,000 BTC addresses actively in use as of January 6. With over 1,100,000 addresses sending or receiving transactions, the figure remains at peak levels and underscores exceedingly brisk trading activity on the Bitcoin Blockchain.

76.4% of retail investor accounts lose money trading CFDs with this provider [advertisement].

Here, the figure is fed by an increase in both new and wealthy wallets. As the chart below from Glassnode shows, the number of newly registered BTC addresses, which has been rising consistently in recent months, continues to catch up toward an all-time high. Even though the value can be driven up by multiple addresses managed by individuals, the metric reveals a rising demand among new investors for Bitcoin.

New Bitcoin addresses

Meanwhile, the Whale population is also rising sharply. With over 2,400 of the Bitcoin whale genus, the number of investors holding 1,000 or more Bitcoin is also at record levels. The chart shows that the entry of institutional investors into the market correlates strongly with the Bitcoin price fireworks of recent months. No wonder, after all, they are accumulating considerable amounts of BTC and thus steadily tightening the bitcoin supply in circulation.
Bitcoin whales

Putting the pieces of the puzzle together, an exceedingly bullish picture emerges for the coming weeks. Consistent increases among both new and large investors form the basis for a lasting Bitcoin rally.

Hong Kong-based blockchain company Diginex will raise $38.6 million through the sale of 2.57 million shares to develop its cryptocurrency product line, according to a press release.
Diginex has entered into a definitive agreement with a number of institutional investors for their participation in the private placement. The company plans to sell 2,571,699 shares and warrants for a similar number of shares at $15 and an exercise price of $18.75 in three years.

If the terms of the offer are met, the deal will close on 13 January.

In January, cryptocurrency exchange EQUOS, operated by Diginex, added a perpetual bitcoin contract to its listing.

The EQUOS ecosystem includes a regulated asset manager, cold and combined custodial solutions, capital markets and securitisation advisory services, and a trading platform.

As a reminder, at the end of 2020, Diginex became the first cryptocurrency exchange operator to have its shares added to the Nasdaq stock exchange listing.

The new Canaan miner is cooled natively by liquid immersion, which promises better performance.

Canaan, one of the first manufacturers of Bitcoin ASIC miners (BTC), launched the Avalon Immersion Cooling Miner A1066I, a device designed to be cooled by liquid.

Unlike traditional air-cooled devices and common types of liquid cooling for computer enthusiasts, the electrical components of the A1066I are immersed in a special dielectric fluid that removes heat directly from the computer plates.

The dielectric fluids are specially designed to insulate the components and prevent corrosion and short circuit damage that would occur with standard water or other types of fluids. They are also different from water block based liquid cooling, where a special heat exchanger isolates the water from the components.

The A1066I is a large containment device that can hold up to 90 immersion-cooled units. Canaan says that each unit produces 50 TH/s for an electrical consumption of 3400 watts, while each tank reaches up to 7200 TH/s and 306 kilowatts of electrical consumption when completely filled.

While Canaan says the A1066I performs better than its top-of-the-line air-cooled A1246, the latter has 90 TH/s of mining power and consumes the same amount of energy, making it more efficient on paper. Cointelegraph requested clarification on the figures but did not receive an immediate response.

However, the native liquid cooling feature may make the device more attractive to certain classes of miners, especially those operating in warmer regions. The more efficient cooling method also allows for more aggressive overclocking, potentially allowing for higher hash performance, although power consumption remains a major constraint when it comes to increasing the hash rate. The cooling method also benefits protection against dust and overheating.

Canaan is one of the original manufacturers of ASIC equipment and the first to launch a successful initial public offering on NASDAQ. Its performance has been mediocre since then, as claims and statements have surfaced that the company misled investors. Quarterly operating losses also weighed heavily on the share price.

Canaan’s main competitors are Bitmain, which is also having its share of problems, and MicroBT, a rising manufacturer that has steadily gained market share in recent months.

Chainlink Oracles riceve l’approvazione di Binance Smart Chain, tra le altre cose

La domanda per il feed dei prezzi di Chainlink è aumentata di giorno in giorno, ricevendo sempre più consensi da parte di un numero sempre maggiore di partecipanti al sistema cripto-ecosistema. Prosper è l’ultimo, con il protocollo che annuncia il completamento della sua integrazione mainnet con Bitcoin Trader la rete Oracle del collegamento a catena. Prosper è un mercato di previsione a breve termine decentralizzato e una piattaforma di copertura costruita sulla catena intelligente di Binance. Secondo l’annuncio fatto da Prosper,

„Prosper utilizzerà Chainlink Oracle Price Feeds sia su Binance Smart Chain che su Ethereum per realizzare i mercati di previsione più decentralizzati e liquidi del panorama DeFi“.

Gli Oracoli costituiscono una parte importante dell’ecosistema DeFi e Chainlink è stato uno dei principali. Ha lavorato con diversi progetti DeFi collegandoli a fonti di dati off-chain e on-chain.

Prosper è attualmente attivo su BSC e sta sfruttando i feed di prezzi denominati BNB per i suoi pool di previsioni iniziali. Ora utilizzerà ulteriori Chainlink Price Feeds per espandere i suoi pool di previsione per includere Ethereum [ETH], Bitcoin [BTC], Tron [TRX], Litecoin [LTC] e Travala [AVA].

Anche Binance Smart Chain ha annunciato ieri il supporto nativo per Chainlink

Questa integrazione era a livello radice, il che significa che gli Oracles non avranno bisogno del supporto per la rete Ethereum, poiché funzioneranno direttamente su BSC. L’annuncio è stato letto,

„Integrando Chainlink, Binance Smart Chain è ora in grado di supportare un robusto ecosistema di applicazioni DeFi collegate esternamente, oltre a numerose altre verticali di contratti intelligenti come il gioco, le assicurazioni e la gestione della supply chain. Gli oracoli Chainlink sono accessibili su Binance Smart Chain senza alcuna dipendenza da Ethereum“.

Ulteriormente, il paradiso fiscale, un protocollo di prestito, inoltre ha annunciato l’integrazione della rete di Oracle su mainnet per assicurare i prezzi per i numerosi cripto-assets usati sulla relativa piattaforma.

Bitcoin Trading App – BISON cracks 1 billion Euro trading volume

Many German users trade their Bitcoin (BTC) via the crypto app from BISON. BISON is operated by the Stuttgart Stock Exchange Group and has now broken the one billion Euro mark for trading volume in 2020.

BISON is a smartphone app that enables users to buy Bitcoin and Co. The trading partner is EUWAX AG, a financial services provider regulated in Germany. Since the beginning of the year, the subsidiary Immediate Bitcoin of the Stuttgart Stock Exchange has achieved a trading volume of one billion euros.

In addition, the number of users has increased by around 180 percent in 2020. Currently, 206,000 users regularly use the Bison app. Only at the end of March did the Bitcoin Trading App crack the mark of 100,000 active users.

Record trading volume in November

In November 2020 alone, BISON set new record trading volumes on several days, exceeding 35 million euros a day. The managing director of BISON-App Dr. Ulli Spankowski commented on these developments:

The increase in users and trading volume at BISON in the current year has far exceeded our expectations. The positive development shows that with simple and reliable trading we are making the right offer in an exciting market environment for crypto currencies.

New functions are constantly being added to the Bitcoin Trading App. Recently, customers have been able to transfer money to BISON from a private wallet to Ripple (XRP) in addition to Bitcoin (BTC) and Litecoin (LTC). A total of 72 nationalities are already able to use the BISON app if they have their main residence in the European Economic Area or Switzerland.