On the positive side – gold is losing ground to Bitcoin

Real Vision CEO Raoul Pal sees it as a positive omen for Bitcoin that the cryptocurrency is gaining ground against gold.

Raoul Pal, crypto expert and CEO of Real Vision, points out that gold is currently losing to Bitcoin ( BTC ). If the market-leading cryptocurrency can increasingly win against the precious metal, this would also increase its power of persuasion as a store of value.

Over the past month, The News Spy has gained 30.36% on its currency pair with the US dollar, an increase from US $ 10,316 to US $ 13,217. Over the same period, gold only gained 2.25%, up from $ 1,863 to $ 1,903.

Why is Bitcoin so strong right now?

While Bitcoin has seen a strong climb in the past two weeks, gold and the stock market have slowly recovered.

The interaction of three factors was largely responsible for the soaring of the cryptocurrency since the beginning of October.

Firstly, PayPal’s entry has boosted sentiment in the crypto market, secondly, there is increasing interest from institutional investors, which can be seen in the investments made by Square, MicroStrategy and Stone Ridge, and thirdly, the technical indicators on Bitcoin’s long-term price chart are positive .

Especially after Bitcoin cracked the 12,000 US dollar mark, the trading volume shot up significantly and the cryptocurrency was able to leave many financial products behind. In this regard, Pal says :

“As expected, gold is losing to Bitcoin. To: @michael_saylor Remember that! Next, I expect that Bitcoin can also outperform the US dollar and the stock market … let’s wait and see. #Bitcoin “
As Cointelegraph had reported , the jump above the 12,000 US dollar mark for Bitcoin was also a breakout in the weekly chart. With a look at the weekly and monthly graph in logarithmic representation, some crypto experts are therefore soon seeing a new record high on the horizon.

The strong technical indicators as well as the increasing strength against gold and the stock market could further stimulate the current climbing party

In the short term, however, one analyst sees Bitcoin in an identity crisis, which may even be to the advantage of the cryptocurrency.

In this regard , the crypto trader Cantering Clark explains that gold usually comes under pressure when the US dollar goes up, while with Bitcoin it is not yet entirely clear whether this is an asset to avoid or to increase risk (with the chance of increasing profits). This uncertainty, in turn, reduces the correlation between the cryptocurrency and the US dollar. Clark writes:

“The US dollar is the opponent of gold, because when the US dollar index goes up, then gold automatically comes under pressure. Bitcoin has the advantage of the identity crisis because some see it as a store of value, while others see it as a multiplier for the stock market. „

Bitcoin og Altcoins viser tegn på bearish fortsettelse

Bitcoin-prisen klarte ikke å overgå USD 10 800, og startet en ny nedgang.

Ethereum nektet 5% og testet USD 335-støtten, XRP avgjort under USD 0,250.

EGLD, LEND, YFI og UNI er nede rundt 15% i dag

Bitcoin-prisen klarte ikke å overgå motstanden på 10 800 USD, noe som resulterte i en fersk bearish bølge. The News Spy handlet under USD 10 650 støtte, og den testet til og med støttesonen på USD 10 550. Prisen konsoliderer for øyeblikket (08:30 UTC) tap over USD 10 550 og er fortsatt i fare for flere tap.

På samme måte trakk de fleste store altcoins seg fra viktige hindringer og startet en ny nedgang, inkludert ethereum, XRP, litecoin, bitcoin cash, EOS, XLM, LINK, BNB, TRX og ADA. ETH / USD falt kraftig fra USD 355-motstanden, og den testet USD 335-støtten. XRP / USD trimmet alle gårsdagens gevinster og la seg under USD 0,250 pivotnivå.

Etter et nytt mislykket forsøk nær USD 10 800 startet bitcoin-prisen en ny nedgang. Bjørnene var i stand til å presse BTC under USD 10 650, men oksene forsvarte USD 10 550 støtte. Prisen konsoliderer for øyeblikket tap, med en umiddelbar motstand på 10 680 USD. Nøkkelmotstanden er fortsatt nær USD 10 800-nivået.

Hvis prisen ikke kommer seg høyere, er det sjanser for flere ulemper under USD 10 550 støtte. I dette tilfellet kan bjørnene sikte mot en test av USD 10 250 støtte.

Ethereum-prisen klarte heller ikke å fjerne et stort hinder nær USD 355-nivået. ETH gikk ned nesten 5% og testet til og med hovednivået på USD 335. Den korrigerer høyere, men den kan møte en sterk salgsinteresse nær USD 345 og USD 350 nivåer.

Støtten på USD 335 har nøkkelen på kort sikt. Hvis ETH ikke holder seg over USD 335, kan det utløse en større nedgang mot støttenivået på USD 310.

Bitcoin kontanter, chainlink og XRP pris

Bitcoin kontantpris ser ut til å handle i et område mellom USD 210 og USD 220 nivåer. En ordentlig avslutning over USD 220-motstanden kan starte en jevn økning. Omvendt kan prisen bevege seg ned mot USD 200-håndtaket. Eventuelle ytterligere tap kan legge press på kjøperne.

Chainlink (LINK) ser ut til å danne en stor topp denne måneden, og den handler nå godt under USD 10,00. Den første store støtten er nær USD 8,50-nivået, under hvilket det er reelle sjanser for en ny test av USD 8,00-støtten. Den neste store støtten er nær USD 7,20-nivået.

XRP-prisklarte ikke å slå seg over 0,255 USD og startet en ny nedgang. Det brøt USD 0.250 pivotnivå og testet til og med USD 0,455-støtten. Eventuelle ytterligere tap kan føre prisen mot USD 0,240-støtten. På oppsiden kan USD 0.250 fungere som en motstand i de neste 2-3 øktene.

CVM to talk about asset tokenization and invites Bitcoin Market, QR Capital, BTG and Courtnay Guimarães

Tokenization will be the theme of an event promoted by CVM and will count on great players from Brazil to count on experiences with the theme

The Brazilian Securities Commission, CVM, will address the tokenization of assets in Brazil in an unprecedented event on October 7.

According to the CVM, the panel will address the topic of tokenization of securities, Tokenized IPO’s, in the world, through an overview of these initiatives.

In addition, the panel will discuss how these assets have been regulated in different jurisdictions.

It will also address the custody of digital assets and success stories, including STO’s structured and backed by Brazilian assets.


The event is part of World Investor Week (WIW 2020) and will be online and free of charge.

To talk about the theme, the CVM also invited important players in the domestic market such as the Bitcoin Exchange Market that has been developing, via MB Digital Assets, the tokenization of various assets, non securities, as precatórios.

According to the CVM will also participate in the event QR Capital to talk about STO.

One of the panels will be measured by Ronaldo Faria, CEO of Bitrust.

The event will also be attended by André Portilho, of BTG Pactual, who will discuss the experience with ReitBZ.

Besides them, the CVM also announced the participation of Courtnay Guimarães Junior, from BRQ, which is part of the LAB Cryptoactive Subgroup. and will address the „Operationalization of new assets, foreign trends, new technologies“.

Investor Week

In addition, according to the CVM, the live broadcasts of Investor Week will give the chance to discuss important issues such as financial education, first steps in investments, financial pyramids, frauds, cryptoactives, blockchain, fintechs and the role of CVM in the capital market.

„As the number of investors in Brazil reaches unprecedented levels and, at the same time, irregular offers and financial scams grow, financial education becomes even more important as the first line of investor defense,“ said José Alexandre Vasco, Superintendent of Investor Protection and Guidance.

About tokenization, Samir Tabar, co-founder of Fluidity, a company focused on tokenization and trading of digital assets, the digital economy has the potential to change the investment game.

„There are pessimistic people who believe the market will continue to be led the way it is now, but the truth is that the digital economy has real potential to change the game. There are millions of people around the world eager to express their preferences and creativity, so the decentralised digital market is the natural place for them. And that can change the current axis of power and leadership in finance,“ he said.

O prazo de retorno do Mt.Gox 150.000 Bitcoin: Aqui está o que você precisa saber

O prazo final para apresentar um plano de reabilitação para reembolsar os credores do Mt. Gox cai em 15 de outubro. Aqui está o que você precisa saber.

O 15 de outubro está se aproximando, e esse é o último prazo para apresentar um plano de reabilitação para reembolsar os credores do Mt. Gox. Com eles reivindicando mais de 150.000 bitcoins, o que é cerca de 15% do valor total devido aos credores, a comunidade especula sobre o impacto potencial no mercado.

15 de outubro: O que você precisa saber
O caso do Mt. Gox está em andamento há anos, e é sem dúvida um dos maiores, se não o maior obstáculo contra uma troca de moedas criptográficas.

Em um documento divulgado em 30 de junho, o Tribunal Distrital de Tóquio emitiu uma ordem para prorrogar o prazo de apresentação do plano de reabilitação para reembolsar os credores por suas perdas até 15 de outubro. Em outras palavras, se o tribunal não adiar novamente este prazo, em 15 de outubro, teremos mais clareza sobre como e quando os credores começarão a receber o BTC que perderam durante o ataque.

Até agora, mais de 1.000 credores reclamaram mais de 150.000 bitcoins, representando cerca de 15% do BTC perdido durante o hack.

Coisas a considerar

Em um recente tópico no Twitter, o conhecido proponente e investidor da moeda criptográfica, Sr. Whale, discutiu o impacto potencial no mercado caso 150.000 bitcoins sejam devolvidos aos credores em 15 de outubro.

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Como ponto essencial de clareza, ele observou que „… este prazo foi adiado inúmeras vezes“, mas, ainda assim, é „importante considerar o impacto catastrófico que poderia ter sobre os mercados“.

O usuário esclarece que o Monte Gox costumava ser a maior bolsa de BTC na época, e era responsável por mais de 70% das transações de Bitcoin em seus picos. Na época do ataque, um bitcoin valia cerca de US$ 400, enquanto que atualmente, ele opera acima de US$ 10.000, representando um aumento de mais de 2400%.

„Presumo que uma vez retornado, muitos começarão a ter lucros sobre o ROI a partir de 2014“. – Ele concluiu.

De fato, isto é algo a ser considerado. Entretanto, vale a pena notar também que é altamente improvável que qualquer credor receba qualquer bitcoin. O prazo final é para a apresentação de um plano de reabilitação.

150.000 bitcoins valem atualmente mais de US$ 1,6 bilhões. As chances são de que o processo de reabilitação demore algum tempo e provavelmente se espalhe no tempo. E ainda assim, é importante ter em mente que, de fato, é provável que muitos dos credores queiram ter lucro.