Cryptosya

The events in Venezuela do not stop, and they do not seem to stop. While the country’s government claims that the future of the crypto currency Petro, which it has issued during the economic crisis for a while, will be good, and wants its citizens to buy the Petro, at the same time, it increases the value of the crypto currency Petro at certain time intervals. Nicolas Maduro can decide on the Petro at any time, and after this decision, it is requested that different crypto currencies should never be used in the country, except for the use of Petro for cryptocurrencies. The administration, which proposes different cryptocurrencies instead of Bitcoin, also makes it mandatory to make payments in government offices in the country with Petro.

Petro may fall during the events in Venezuela

Nicolas Maduro’s leaving his post It is claimed that the value of Petro can be depleted in the event of a crash and citizens can stop purchasing Petro and buy Bitcoin instead. While some citizens state that there will no longer be a need to use Petro and crypto money in the country, a new administration is ready to come, the value of Petro in the country is currently held at 36000 New Bolívars.

Decathlon, which hosts sports equipment of many brands, has established a new platform for the evaluation of unused sports products. The company, which includes more than 6000 product types and more than 70 brands, announced the 2nd Chance application where unused sports products can be sold.

Can be sold independently of the brand

Inspired by the idea that being an athlete comes with being sensitive to the environment, Decathlon launched the 2nd Chance application, which gives a second chance to sports products that are no longer used and independent of the brand, saying “There can be no sports without nature”.

Aim to contribute to the circular economy

Aiming to make a valuable contribution to the circular economy, this application offers the opportunity to buy and sell second-hand sports products of all brands. Decathlon brand or not, you can sell any sports product you do not use to another sports fan through the Decathlon 2nd chance mobile application, and reuse them. In this way, instead of throwing away the products that we no longer use, it becomes possible to ensure that they can be reused and consumed only as much as we need. Decathlon buys the shrinking children’s bikes from you and reuses them.

There are hundreds of cryptocurrencies in the cryptocurrency market. And they all have their own distinct features and potentials.. Sometimes people who want to invest in the crypto market may be indecisive about which coins to invest in.. While the first criterion for investing is the fact that it is a safe asset, then comes the potential to make a profit.. In this article, we have included the opinions of some market-known experts on 9 cryptocurrencies under the spotlight.

No one has a crystal ball in the cryptocurrency market or any financial market.. As a result, no one can give a definite opinion about the markets.. So much so that in 2018, cryptocurrencies are trying to cope with new hurdles almost every day.. The most prominent of these issues is the pressure of SEC regulators on tokens in the USA.. Decisions made by the SEC will directly affect the future of tokens.

Industry experts talk about the potential for these 9 cryptocurrencies

No one can tell you the best stock to invest your money in. Even if it is said, you should know that this cannot go beyond speculation.. The same is true for cryptocurrencies.. However, if you have decided to invest in cryptocurrencies and you do not know where to start, it will be in your best interest to learn about the following 9 cryptocurrencies, which we have compiled from general expert opinions.

ETHEREUM (ETH)

9 cryptocurrencies we have examined Ethereum, which is among the money and has the title of the second most valuable digital currency, is directly affected by the developments in the market like other cryptocurrencies.. But there are also many famous investors and companies that trust Ethereum.. To give an example, Chris Kline, co-founder and COO of bitcoinIRA.com, is one of the most famous businessmen to believe in Ethereum.. So much so that Chris Kline owns a company, which is the first in the world, that allows its customers to invest in their private retirement accounts with cryptocurrencies.. For this reason, it is known that the world-famous businessman regularly invests in Ethereum.. Also, Kline considers Ethereum to be a highly successful crypto-asset as it allows developers to create their own smart contracts in distributed autonomous networks thanks to its high-level language.

RIPPLE (XRP)

Ripple, traditionally It aims to create a financial transactions system with banks that does not have restrictions, fees and commissions and transaction delays in general.. Ripple differs from Bitcoin in that it is designed to support the worldwide financial system.. In addition, many banks and financial institutions around the world are using Ripple for cross-bank and cross-border transactions with greater efficiency and confidence.

LITECOIN (LTC)

Litecoin is market-wide gold. It is a cryptocurrency known as the silver of Bitcoin.. Litecoin, developed by a former Google employee for faster transactions, can reduce the transaction speed from 10 min to 2.5 min.. It also draws attention as a crypto currency with the potential to increase transaction volume.. According to expert opinions, its supply capacity may be higher than Bitcoin’s capacity in the long run.

MINTCOIN (MINT)

Award-winning entrepreneur and journalist Jeff, who is also president of 360 Blockchain When it comes to low-volume, short-term trading coins, Koyan thinks MINT is one of the funniest cryptocurrencies out there.. In addition, he has been actively involved in the cryptocurrency market as an investor and trader since 2014.. Another view of Jeff Koyan about MINT is that MINT, which is currently trading in single digits, could be the next Verge or Ember.

HCASH (HSR)

Hcash is the next generation one of the ordinary coins. But every new feature, protocol and its name in the market arouses excitement among cryptocurrency lovers.. Promising hybrid POS/POW, quantum resilience and privacy fundamentals are the distinguishing features of Hcash. Famous journalist Jeff Koyan is among those who believe that Hcash will rise seriously.

CANNABIS COIN (CANN)

Marijuana growers and distributors naturally continue to have problems with banks.. And jeff Koyan, who argues that this situation causes an increase in Cannabis coin, thinks that it will be right to invest in Cannabis this period, considering only the price movements.. Koyan, who also thinks that he has a connection with the POT coin, emphasizes that when the POT was loaded earlier this month, CANN was around 5 million in transaction volume.

CASINOCOIN (CSC)

CasinoCoin is a coin integrated with the regulated online gaming industry. Ronald Holt, co-founder of Mass of Crypto, a famous Bitcoin forum with more than 1000 members worldwide, believes that CSC has a highly experienced team.. He also states that the team uses integrated AML (money laundering) and KYC (customer awareness) technology and complies with gaming commissions and regulated laws.

SHIPCHAIN ​​(SHIP)

Slip coin, It is known as a coin managed by one of the former executives of DHL and backed by large corporations.. The goal of the team that developed the coin is said to be to use Blockchain technology to make the logistics and shipping industry more efficient and secure.. In the opinion of Ronald Holt, co-founder of Masters of Crypto, it is the right time to buy Ship coin, especially since its current price is below ICO prices.

REFEREUM (RFR)

Used to create an online gaming ecosystem where viewers as well as players are rewarded with Refereum coins. Ronald Holt talks about the RFR coin that he has thousands of users and has partnered with Twitch.tv. Holt considers it a worthy coin to watch, even though the RFR coin community doesn’t support Refereum ICOs enough.

themerkle

On Wednesday, Philip Martin, vice president of security of the largest Bitcoin whale Coinbase Exchange, made a statement about how the stock market took place almost the largest cryptocurrency migration in the world, which has upset the market recently.. Philip Martin highlights that among many other assets, the amount of cryptocurrencies carried by the Coinbase Exchange accounts for 5 percent of all Bitcoins, 8 percent of all Ethereums and 25 percent of all Litecoins.

Coinbase Exchange completes world’s largest cryptocurrency migration

The on-chain cryptocurrency migration by Coinbase Exchange completed last week. Coinbase Exchange official made the following statement:. As far as we know, this is the largest cryptocurrency move ever (definitely in US dollars, potentially in absolute terms). or more with cold storage, that is, offline,. Also, according to Philip Martin, Coinbase Exchange’s cold storage system has undergone a number of evolutions as the cryptocurrency industry has changed and matured over the years.

Coinbase official explains the exchange’s cold storage method

The Coinbase Exchange official then explains what he means by cold storage:

Cold storage could encompass a range of storage techniques, from HSMs to bunkers in the Swiss Alps.. Assets placed in cold storage are completely offline and disconnected from any automated system. As in a rapidly developing industry such as cryptocurrency, there is no clear standard for cold storage.

Philip Martin continues:

Coinbase In ‘s cold storage standard, real-world multi-geographic people must perform physical actions to activate a transaction after reviewing the transaction details.. If that’s not true, we don’t think it’s actually cold storage.

The biggest Bitcoin whale has changed its cold storage solution four times

Coinbase’s cold storage solution four times in the past six years changed. The first generation, Generation One, consisted only of some USB drives and paper backups stored in a vault at a local bank.. Launched at the same time as Coinbase Custody, the latest generation Generation Four begins with “a highly controlled, vetted key generation process and a security foundation.”. It also continues with a globally distributed key storage and transaction confirmation system.. Philip Martin describes the two main benefits of this system in these words:

First, protection against loss, including threat of abuse and application-level attacks. Second, support for key management and auditing worldwide.

Why did the cryptocurrency migration process take months to plan?

Then Coinbase Exchange official , explained why it took months to plan the cryptocurrency migration process:

We started planning months before the actual move date and involved nearly every team on the Coinbase Exchange.. We conducted risk assessments, conducted monitoring plans, and performed test passes until we were confident that the cryptocurrency migration would be completed without any disruption. He said it is possible to be confused with a large investor preparing to sell a significant amount of cryptocurrencies.. In addition, Philip Martin claims that another of his concerns is to mobilize potential attackers who may plan and do attacks during immigration.

Statements made by Coinbase Exchange before the transfer of cryptocurrencies

Coinbase Exchange official said that states that due to recent concerns, they made the announcement on November 29, 2018, four days before the start of the transfer.. Coinbase Exchange made the following statement on the matter at the time:

For the next seven days, Coinbase Exchange will be performing a scheduled maintenance on our platform that could cause action on all Coinbase supported apps.. These are controlled, closely watched actions taken to provide greater security and protection for our customers.. Updates will be sent to status.coinbase.com, status.pro.coinbase.com, and status.prime.coinbase.com.

The idea here is to “put off fears without revealing too much information,” said the Coinbase Exchange official. It emphasizes that. Finally, Philip Martin explains what happened after the above blog post was published:

We kept restoring our current cold storage addresses one by one and waited for the previous address to be pulled to the new cold storage before the next address was moved.

Analyst PlanB, famous for his stock-to-flow (S2F) model, makes a comment that answers a question everyone has been wondering after the recent market crash.. Many traders ask, “Is it time to sell?” he asks, while the famous analyst states that the peak has not been seen yet.

Bitcoin interpretation according to S2F model from Analyst PlanB

Latest crypto Several coins saw double-digit drops during the market crash. Bitcoin, the largest cryptocurrency by market value, also fell by around 30 percent. The drop rate in Ethereum was around 40 percent. Even Dogecoin, the favorite of the market these days, has fallen by 45 percent.. In this environment, many traders ask, “Is it time to sell?” he started to ask. Many of them have already made sales, which has created significant selling pressure on many exchanges.

Still, Bitcoin fans did not give up their HODL strategy during these panic sales.. Famous analyst PlanB, known for his contributions to the S2F model, still thinks that the BTC price will exceed the $100,000 level despite the recent drop.

PlanB has this to say about its Stock-to-flow (S2F) model, which supports price predictions:

“It turned out to be more accurate than I could have imagined.. It is following this pattern like a train now and the S2F model also shows that Bitcoin will reach $100,000.. The model predicts Bitcoin price to jump to $288,000 before the next bear market hits.”

Source: PlanB Twitter

Related – The critical reason for the new decline in Bitcoin

Analyst: I think the $60,000 level is not the top

PlanB (@100trillionUSD) has recently he says on the subject:

“I’m saying it for clarity. I think the $60,000 level is not the top. Because I don’t see the kind of trajectory normally seen after ATH (red dots). Actually, I think we’re only a few months away from the bear market (blue dots). And yes, this on-chain view is S2F(X) compatible.”

Just to be clear: I do not think $60K was the top, far from it, because I do not see the kind of transactions that normally happen after an ATH (red dots). In fact, I think we are just a couple of months out of the bear market (blue dots). And yes, this on-chain view fits S2F(X). pic.twitter.com/omLh23MsrX

— PlanB (@100trillionUSD) May 18, 2021

What level is the bear market?

Analyst PlanB, who also talks about the Bitcoin bear market, says:

“The bear market may be possible between $100,000 bottom and $200,000.. As in previous cycles, 80-85 percent retracement can be seen.”

The analyst also states that after the 2025 halving, things will get even more interesting.. According to him, the S2F model predicts the BTC price to be $1 million per coin.. The S2FX model says $5 million.

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