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Ethereum/Polkadot Smart Contract Plattform

Ethereum/Polkadot Smart Contract Plattform Moonbeam startet Förderprogramm

Das Moonbeam Grants-Programm sucht leidenschaftliche Teams, die zu Web3-Anwendungen und Projekten beitragen wollen, die das Wachstum des Moonbeam-Ökosystems maßgeblich beeinflussen…

Moonbeam, die Ethereum-kompatible Smart-Contract-Plattform auf Polkadot, hat das Moonbeam Grants Program angekündigt. Das Moonbeam Grants Program ist Teil der Multi-Chain-Vision von Moonbeam. Dieses Programm zielt darauf ab, Web3-Software-Entwicklung und Projekte zu finanzieren, die zum Wachstum des Moonbeam-Ökosystems beitragen.

Moonbeam ist eine Smart-Contract-Plattform, die den Bitcoin Pro Implementierungsprozess für Ethereum-Entwickler und Projekte, die auf Polkadot erweitern wollen, vereinfacht. Durch die Minimierung der Änderungen, die erforderlich sind, um bestehende Solidity-Smart-Contracts auf dem neuen Netzwerk auszuführen, können Ethereum-Projekte ihre dApp einfach replizieren und mit MetaMask, Truffle, Remix und anderen bekannten Tools auf Moonbeam bereitstellen.

Es gibt zwei Kategorien von Projekten, die sich bewerben können:

Tools und Infrastruktur: Projekte, die die Entwicklung von Tools und Infrastruktur unterstützen, die andere Moonbeam-Entwickler benötigen. Das Programm sucht auch nach Projekten, die bestehende Werkzeuglücken füllen können, um das Portfolio an Werkzeugen zu vergrößern und den Nutzen für die Benutzer zu maximieren. Einige Beispiele sind Geldbörsen, Browser und API-Dienste.
Ökosystem-Projekte: Projekte, die die Entwicklung des Ökosystems in Moonbeam durch eine breite Palette von Anwendungsfällen wie DeFi, NFT, Identität, Spiele, Versicherungen und mehr unterstützen. Diese Kategorie zielt darauf ab, das Moonbeam-Ökosystem zu säen, indem nützliche Dienste und Nutzen im Web bereitgestellt werden.

Dies sind einige Vorteile, die das Moonbeam Grant Program bietet:

  • Finanzierung mit nativen Moonbeam-Tokens (Glimmer – GLMR). Der Token ist noch nicht freigegeben.
  • Entwickler-Tools und Ressourcen.
  • Kommunikation und direkte Unterstützung.
  • End-to-End-Support vom Bauprozess bis zur technischen und kommerziellen Strategie.
  • Anerkennung als Grant-Gewinner.

Firecracker ban? Bitcoin (BTC) ignites price fireworks

Despite the subdued New Year’s mood, Bitcoin is already popping the champagne corks and laying down the cards for a promising 2021.

On the home stretch to the US $ 30,000 mark, the Bitcoin price (BTC) is doing a hasty year-end rally. With an increase of 4.4 percent in the last 24 hours, the largest cryptocurrency was quoted at 27,986 US dollars at the time of going to press, and thus only a few meters away from the milestone. If Bitcoin breaks through the next higher resistance at $ 29,726, a direct rise above the ten-thousand mark is only a matter of form.

To the crypto compass magazine

Even if Bitcoin should initially bounce off the resistance, the preliminary year-end balance is more than impressive. As a reminder, Bitcoin only started the new decade just over $ 7,000. Almost 12 months later, the digital currency posted an annual increase of around 280 percent. In 2020, the key crypto currency clearly demonstrated its immense potential and set the schedule for the coming year. Because both at the network level and with a view to market trends such as the increasing demand among large investors, the signs point to growth in 2021 as well.

Bitcoin shortage

The fact that the limited BTC supply is gradually becoming scarce has been an open secret, at least since the major purchases by institutional investors. Alone on the account so illustrious buyers such as asset managers Grayscale, software company MicroStrategy or payment service Square go according bitcointreasuriesin total already around 5.5 percent of the total amount in circulation. Payment giant PayPal has also been involved in the market since the introduction of BTC integration into the payment app and is already buying more Bitcoin than new ones are being added .

Even laypeople can see that the market is seething. The BTC demand of institutional investors exceeds the supply newly generated by miners. In addition, there are all the small investors who, in turn, are generating increased demand. As a result, the available supply volume is gradually shrinking, which drives the price up if demand continues to be high.

BTC melt

This correlation becomes particularly clear when looking at the declining Bitcoin reserves of the major trading centers. Stock exchanges have fallen by around 20 percent since March and there is no end to this trend in sight.

Rede Switcheo – Entenda como funciona o Zilswap

Zilswap é um protocolo descentralizado que permite aos usuários trocar tokens ZRC-2 no Zilliqa.

Em nosso artigo anterior desta série, explicamos como você pode apostar na Switcheo Exchange.

Neste artigo, vamos nos concentrar no produto ZilSwap suportado pela rede

A Rede Switcheo permite a troca de tokens Bitcoin Formula. Você também pode fornecer liquidez em um pool existente ou criar um novo pool. O protocolo Zilswap suportado pela Rede Switcheo é um protocolo totalmente descentralizado que permite aos usuários trocar tokens ZRC-2 no Zilliqa .

O Zilswap usa um Criador de Mercado Autônomo (AMM) baseado na Fórmula de Produto Constante (x * y = k) proposta pela primeira vez por Vitalik Buterin .

A atividade de swap é feita contra os pools de liquidez e as transações podem ser feitas completamente on-chain.

Para usar o Zilswap, acesse a página da plataforma .

A plataforma permite que você se conecte a dois tipos de carteiras:

Se você é um novo usuário, você pode baixar a carteira Zilpay usando o link acima.

Zilpay é uma extensão do Google Chrome. Para instalá-lo, vá para esta página .

Clique em Adicionar ao Chrome e Zilpay é adicionado à extensão do navegador.

Clique no ícone Zilpay. Ele lhe dará duas opções para configurar a carteira .

Se você for um novo usuário, clique em Criar

Ele mostrará uma frase de backup de 12 palavras que você precisa armazenar com segurança.

O aplicativo solicitará que você verifique a frase de backup. Depois de verificado, ele solicitará que você defina a senha da conta. Faça isso e pronto.

IOTA Partnership with Austrian Federal Ministry

IOTA Partnership with Austrian Federal Ministry for the Promotion of DLT & IoT

IOTA, in cooperation with Pantos and the Austrian Federal Ministry, aims to promote block chain and DLT interoperability under the roof of a new research laboratory.

With this, IOTA signals that IoT is still one of its priorities, while its full protocol update is getting closer.
IOTA supports block chain and IoT development

In a press release published on 26 November 2020, the Bitpanda-supported Pantos project and IOTA, in collaboration with the Austrian Federal Ministry for Digital and Economic Affairs by Profit Secret, unveiled the new Christian Doppler Laboratory for Blockchain Technologies for the Internet of Things (CDL-BOT).

The new Christian Doppler Laboratory was officially opened in Vienna on Thursday, 26 November with Prof. Stefan Schulte as its director. Schulte himself is from the Institute for Information Systems Engineering at the TU Vienna.

The new laboratory will reportedly focus on research activities at the interface of block chain and IoT technology. Researchers at the facility will look for ways to achieve robust and efficient interoperability between distributed ledger technology (DLT) protocols and IoT applications.

IoT remains a focus as full protocol update approaches

Both block chain and IoT technologies are considered to be some of the more important new technologies. They are expected to drive the realisation of the fourth industrial revolution. As part of several innovative endeavours, scientists are trying to transform the world into a fully realised digital space using protocols such as Big Data and machine learning.

According to IOTA’s blog post, Dominik Schiener, co-founder and co-chair of the board of the IOTA Foundation, commented on the latest development. One part of Schiener’s statement reads

Together with the world’s leading academic institution TU Vienna and Pantos as a leading technology provider, we will focus on the interoperable transfer of digital assets and the trustworthy Internet of Things while expanding our presence especially in Austria.

IoT remains a key focus for IOTA, even as the project moves towards its upcoming full protocol update. In October, the DLT project announced the final alpha version of the IOTA streams, which will be developed to facilitate seamless data transmission for the IoT ecosystem.

The IOTA Foundation continues to develop the foundations for its transition from Coordinator to Coordicide. This step is intended to fully decentralise the network. According to an update in November, IOTA announced that its chrysalis phase 2 is making steady progress. An earlier update in November highlighted progress reports in areas such as the implementation of the pollen test network.

Apart from IOTA 2.0, IOTA has also been implemented in several sectors and countries. For example, in October, IOTA’s Tangle technology was adopted by three researchers from Taiwan’s National Kaohsiung University to develop an improved version of BitTorrent.

Mempool cancella a zero su Bitcoin come tasse Vedere Massive Drop

La rete Bitcoin ha visto il suo mempool ridursi alle sue dimensioni più piccole da metà ottobre nel corso di questa settimana. Ciò è avvenuto grazie alla potenza della rete che è andata alle stelle.

Mempool vede un calo drammatico

Con un chiaro mempool, migliaia di transazioni che erano bloccate in attesa di conferma sono state tutte incluse nei recenti blocchi, il che lascia pochissime transazioni ancora non confermate dalla rete.

Questo massiccio picco di potenza dell’hashish arriva soprattutto grazie ai crypto-miner cinesi, che hanno riattivato le loro piattaforme dopo la migrazione dal Sichuan alla fine della stagione delle piogge per la provincia. In soli due giorni, tra il 9 e il 10 novembre, la Bitcoin ha visto il suo razzo con un tasso di hashish aumentato del 42%.

Tasse di transazione incredibilmente basse

Gli utenti abituali di Bitcoin vedranno grandi benefici da un mempool più piccolo, in quanto questo rende minore la concorrenza tra le nuove transazioni da includere nei prossimi blocchi. Con una minore concorrenza nel mempool, le spese di transazione per i Bitcoin sono ridotte. Questo è dovuto al fatto che i minatori possono ora includere tutte le transazioni all’interno del mempool all’interno del blocco senza dover guardare le singole tariffe del gas.

Il 30 ottobre, le commissioni medie di transazione per Bitcoin hanno registrato un picco di 13,16 dollari per transazione, con oltre 150.000 transazioni in sospeso all’interno del mempool in generale. Con un massiccio afflusso di hashish che si è visto durante il fine settimana, i blocchi Bitcoin sono stati processati più velocemente del benchmark 10 minuti per blocco.

Ciò è dovuto alla difficoltà di estrazione relativamente bassa della rete con un afflusso massiccio di potenza mineraria. Con queste due sfaccettature combinate, il numero di transazioni non confermate è riuscito a ridursi a 0 il 9 novembre 2020.

Un sollievo di breve durata

Al momento della scrittura, circa 6.000 transazioni erano all’interno del mempool, vantando una commissione mediana di 3 satoshis per byte (sat/byte), che è di circa 0,11 dollari. Alcuni utenti hanno riferito anche meno, anche solo un sat/byte per una transazione, e che la transazione è stata confermata nel giro di poche ore.

Con l’incombere del prossimo aggiustamento della rete, si prevede che la difficoltà di estrazione aumenterà. Questo è un modo per la rete per compensare la potenza dell’hashish al suo interno, il che significa che le elevate tariffe potrebbero tornare a tempo debito. Anche così, il tasso di hashish per BTC in generale è volatile, vedendo un calo di 37 EH/s in un solo giorno.

Con la riduzione di questo backlog di rete, gli utenti Bitcoin sono stati attivamente incoraggiati a sfruttare le condizioni attuali, eseguendo transazioni che avrebbero potuto essere troppo costose fino ad ora.

Bitcoin kommer sannolikt att testa höjningar när tjurar raderar gårdagens förluster

Bitcoin ser en viss enorm styrka idag när priset går igenom $ 15.000 igen

Kryptovalutan har kämpat för att hålla sig över denna nivå efter att den mött ett intensivt inflöde av försäljningspress på $ 16.000
Avvisandet här var dock inte så intensivt, eftersom Bitcoin Loophole senaste tillbakadragning var kortvarig och följt av enorma uppåtriktningar
Var det trender nästa beror sannolikt till stor del på hur starkt stöd tjurar kan bygga till $ 15.000
Om den bryter under denna nivå igen kan det indikera att en trendförändring är nära förestående
En väl respekterad näringsidkare noterar nu att han ser efter ett steg till $ 15 600 på kort sikt, och förväntar sig också att altcoins kommer att se ytterligare styrka

Bitcoin och den aggregerade kryptovalutamarknaden ökar högre idag, med BTC som leder vägen efter sin återhämtning från låga priser på 14 400 $ som var högst upp på den senaste försäljningen.

Köpare köper aggressivt varje dopp som krypton står inför, ett tecken på att tjurar har full kontroll över utsikterna.

Var det trender på medellång sikt kan bero till stor del på huruvida tjurar kan bygga stöd till 15 000 dollar eller antingen starta en konsolideringsfas eller skjuta det över 16 000 dollar.

En näringsidkare noterar att han förväntar sig att ytterligare uppåt kommer att inträffa under de kommande dagarna och veckorna.
Bitcoin visar tecken på styrka när köpare absorberar senaste Selloff

I skrivande stund handlas Bitcoin upp med över 3% till sitt nuvarande pris på $ 15 300, vilket är runt det pris som det har handlats under de senaste dagarna.

Igår försökte björnar bryta denna stabilitet när de pressade priset till 14 400 dollar, med stödet här tillräckligt viktigt för att utlösa en nästan omedelbar rebound som ledde den upp till den plats där den för närvarande handlar.

Det finns en stark möjlighet att denna rebound markerar början på kryptos nästa ben högre.

Analystkrav flyttar högre är överhängande efter BTC-rebound

En legendarisk pseudonym handlare förklarade i en tweet nyligen att han förväntar sig att Bitcoin testar sin leveransregion till $ 15 600 innan han gör något seriöst steg högre.

”Jag kommer att hålla den här korta, tror att vi testar om utbudet på 15,6 000 innan någon större flytt på BTC. Altcoins rör sig ganska mycket mer som ett högre beta-spel när bitcoin svalnar lite. ”

De kommande dagarna borde ge insikt i betydelsen av den här senaste Bitcoin-returen.

BTC and Biden supply grip: 5 things to watch at Bitcoin this week

Bitcoin prepares for battle at the beginning of a Democratic transition in the United States and with the coronavirus spreading lockdowns elsewhere.

Bitcoin (BTC) is beginning what is likely to be a busy week for the markets as the United States begins its two-month presidential transition.

Bitcoin continues to rise and reaches a new record price of $15,950 in 2020.

After Joe Biden was declared the likely winner of the U.S. presidential elections over the weekend, Bitcoin fell, but managed to avoid major losses – what next?

The Cointelegraph analyzes the factors that should influence BTC’s price activity next week.
US electoral frenzy begins to hurt

Attention remains firmly fixed in Washington as the outcome of a highly controversial election begins to unfold.

Experts warned that market volatility was by no means guaranteed after the result was released. As this occurred over the weekend, the opening of Wall Street on Monday is a source of interest for market participants.

Bitcoin has last major hurdle before facing a maximum of $20,000

Until the moment of writing this article, Japan was leading the gains, with its stock market reaching the highest in 29 years in what the press is calling the „Biden jump“.

Bitcoin, on the other hand, stopped before continuing last week’s gains and reached US$ 14,400 – US$ 1,590 below its recent peak. Since then, the BTC/USD has recovered considerably, turning around US$ 15,250 at the time of writing on Monday.
BTC/USD daily chart.

Acting President Donald Trump has pledged to challenge the vote count and may still cause more problems for Biden, leading to confusion over policy, which could still shake market sentiment.

Removing the lens, however, analysts often argue that in the long run, Bitcoin and gold as protective assets will ultimately win the election, regardless of which candidate leads the US in the future. The reason, among other things, is inflation.

As the Cointelegraph reported last week, a speech by Jerome Powell, president of the Federal Reserve, called for more financial stimulus to enter the U.S. economy, increasing debt and degrading the dollar.

„Bitcoin is the dominant crypto network – designed to host the ideal protection asset and preserve monetary power for long periods of time without loss of power,“ summarized Michael Saylor, CEO of MicroStrategy, in a tweet on Monday.

„This makes #BTC the solution to all investors‘ value reserve problem. Few understand. ”

Coronavirus chaos strangles Europe

Accompanying the electoral repercussions is the continuing turbulence in the management of Coronavirus by nation states.

Europe and the US have recently diverged on this issue, with the former succumbing to a wave of new lockdown measures that have met with considerable resistance from the population.

After showing optimistic recovery statistics for the third quarter, many governments will soon draw another, absolutely less interesting picture of their economies for the fourth quarter as economic activity plunges for the second time in 2020.

This opens up the possibility of history repeating itself for the Bitcoiners. After the asset crash in March and the first lockdowns, the Bitcoin recovered from $3,600 to a five-digit circle in less than two months.

While the governments themselves repeated the controversial responses to the virus, analysts already predicted a strong year for Bitcoin in 2021. Among them, as reported by Cointelegraph, Real Vision CEO Raoul Pal and Gemini fellowship co-founder Tyler Winklevoss predicted a new all-time record for BTC in the first quarter of next year.
Fear & Greed Index reaches dangerous zone

In terms of current investor sentiment, however, warning signs are ringing as Bitcoin remains above $15,000.

According to the Crypto Fear & Greed Index, which measures market sentiment using a basket of factors, a correction is more than overdue.

Compiled as a score of 100, the Index reached its highest reading since June 2019 on Monday – the moment Bitcoin circulated its annual highs of $13,800.

For comparison, two weeks ago the Index measured below 60 – firmly ’neutral‘ territory – before the last price rose the sentiment.

The closer the score is to 100, the more likely it is that the market will correct itself thanks to a wave of sales, pulling the price down.
Historical Crypto Fear & Greed Index chart. Source: Alt

Iran’s central bank soon to be a bitcoin whale?

The Iranian leadership will in future allow international payment transactions with Bitcoin in order to circumvent sanctions. The central bank should also soon have a good amount of BTC on its books.

Money is a weapon and the US is masters of it. Since the United States of America de facto excluded Iran from international payments, the Islamic Republic has been doing worse and worse.

We remind us:

In November 2018, the payment messaging network SWIFT took Iranian banks offline at the instigation of the USA . Since then, imports and exports have hardly been possible, as they can only be paid for with great difficulty. The move was very successful as an economic sanction against Iran; In the end, political interests can be implemented quite effectively through the financial channels.

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The Bitcoin community sensed a scandal back then. Ultimately, the US sanctioned the Iranian people, who suffer from such sanctions. Bitcoiners meanwhile stand for the neutrality of money. Money should work, do its job, but not satisfy political conduct like that of the United States.

Bitcoin: a neutral, monetary medium

Cryptocurrencies like Bitcoin are exactly that. A neutral, monetary medium that is not subject to any institution except its users. The leadership of crisis-ridden Iran seems to have understood this fact. There is no other explanation for the fact that both the government and the central bank of the Near Eastern state have passed a bill that allows traders to use Bitcoin to import goods.

Because like Iran Daily reports, „The government changed its regulations on cryptocurrencies to allow them to be used to finance imports.“ Specifically, this means that the central bank acts as a kind of middleman who passes on mined BTC to importers. They can then use the coins to reward trading partners outside the country’s borders.

The move is a bang and has generated a corresponding response in the community. Finally, the message implies that the monetary authorities of the Islamic Republic will soon have BTC on their balance sheets.

BTC acceptance and game theory

This is exactly the scenario that game theory suggests. On the global plaything, there are states whose sovereignty is threatened by Bitcoin – such as the USA as the issuer of the world reserve currency – and those that benefit from the acceptance of the cryptocurrency. Especially when it happens before anyone else. The latter include marginalized countries like Iran. From the point of view of the decision-makers, it is therefore all too understandable why such a decision was made.

The relationship between BTC and Iran has so far been characterized by mistrust. After it became known that Bitcoin miners were converting subsidized electricity into satoshis, the authorities shut down several crypto mines. Mining has been legal since July 2019 . However, the regulatory environment is still uncertain. However, the industry could certainly pick up speed with the latest developments. With the central bank, miners have at least one buyer for mined coins who does not lack liquidity.

Questa volta, Bitcoin sarà immune da correzioni di prezzo inferiori a $11K?Jude

Bitcoin ha sopportato lunghi periodi di consolidamento ed esplosioni di forte volatilità nel corso del 2020. Uno dei suoi risultati più notevoli ha visto BTC infrangere un’altra barriera fondamentale: la resistenza di 11.000 dollari. Tuttavia, come è stato il caso le ultime volte, l’esempio più recente della rottura della cripto-valuta a 11.000 dollari ha visto BTC scendere al di sotto di essa abbastanza presto, quando le correzioni si sono susseguite e hanno preso il sopravvento sul mercato.

Al momento della stampa, Bitcoin era scambiato a 11.307 dollari. Nonostante le sue recenti performance, tuttavia, la domanda rimane: è probabile un’inversione di tendenza per il prezzo del Bitcoin che porti ad una correzione che possa ancora una volta spingerlo sotto gli 11.000 dollari?

In base ai dati storici, è giusto pensare ad una correzione del prezzo come il logico passo successivo per l’azione del prezzo della moneta del re. All’inizio di settembre, il prezzo di BTC è sceso dopo aver superato la resistenza di 11 mila dollari. All’epoca, BTC è scesa da 11.179 dollari a 10.136 dollari, con un calo del 9 per cento del valore sui grafici. Tuttavia, questa volta le cose potrebbero non essere più le stesse.

Un recente rapporto di LongHash ha elaborato il motivo per cui questa volta Bitcoin potrebbe essere immune da una correzione del prezzo.

Il rapporto ha evidenziato la bassa pressione di vendita prevalente nel mercato Bitcoin e l’alto sentimento di hodling come segnali chiave che possono aiutare la crittovaluta a mantenere la sua posizione sui grafici. Diceva,

„Ma, nonostante gli eventi macro negativi della scorsa settimana, la Bitcoin ha ora recuperato oltre 11.300 dollari, stabilizzandosi tra 11.300 e 11.500 dollari. La resilienza del Bitcoin, insieme a fattori fondamentali e tecnici positivi, riduce significativamente la probabilità di un importante calo dei prezzi“.

Infatti, anche i dati di rete forniti da Glassnode hanno sottolineato un interessante fenomeno che si sta verificando all’interno della Rete Bitcoin. Il numero dei conti delle balene, cioè dei conti che detengono più di 1K Bitcoin, sembra essere in costante aumento. Il rapporto di LongHash ha anche elaborato un rapporto sul costante calo dei Bitcoin detenuti in borsa negli ultimi 7 mesi, rilevando che il numero di venditori è diminuito, mentre la domanda di BTC è aumentata solo nello stesso arco di tempo. Si legge,

„Il continuo calo delle riserve di cambio negli ultimi sette mesi indica che la pressione di vendita sulla Bitcoin sta diminuendo. Gli analisti hanno descritto la tendenza come una „crisi di liquidità dal lato delle vendite“, dato che il numero di venditori è diminuito mentre la domanda è aumentata“.

Dando un’occhiata ai dati di mercato forniti da Skew si conferma la ridotta possibilità di un ritiro del prezzo di Bitcoin. L’interesse aperto aggregato per i BTC Futures è rimasto abbastanza stagnante, con lo stesso che registra poco più di 4 miliardi di dollari in OI. Il rapporto di LongHash ha concluso notando,

„La combinazione di un mercato dei Futures stagnante, un mercato a pronti in costante crescita e il volume costantemente elevato di piattaforme incentrate sulle istituzioni significa che gran parte della domanda di acquisto proviene da istituzioni e investitori al dettaglio nel mercato a pronti…. che dovrebbe risultare in una tendenza al rialzo meno volatile e più stabile nei prossimi mesi“.

Square was just the tip of the iceberg – on-chain data shows institutions are piling up Bitcoin

Square’s decision to buy Bitcoin and keep it in reserve has delighted the crypto community.

The decision was made after MicroStrategy made a similar investment a few months ago, albeit on a larger scale.

If this trend gains momentum while the dollar continues to experience unprecedented inflation, it could be a catalyst for a massive BTC rebound

The importance of this fact shouldn’t be underestimated – and the data also seems to suggest that Square may just be the „tip of the iceberg.“

The data on the chain seems to suggest that a myriad of other large, unannounced investors (and possibly companies) are currently in full Bitcoin Era accumulation mode.

Bitcoin is currently expressing some notable signs of strength as its price has overcome major resistance in the region below $ 11,000.

It is important to note that the selling pressure has been quite intense here and could result in a disadvantage if the bulls are unable to maintain momentum.

This is not an ordinary rally, however, as the price is being driven by BTC in the hope that the cryptocurrency will continue to be adopted by companies as a reserve currency.

A well-respected on-chain analyst notes that MicroStrategy and Square are just the „tip of the iceberg“ – pointing to on-chain data suggesting that other major investors have pushed BTC up at a rapid pace.

Bitcoin is experiencing a remarkable boom

At the time of writing, Bitcoin is trading well over $ 11,000, marking a remarkable rebound from the recent lows of $ 10,600 that were set just a few days ago.

BTC has been consolidating lately, with cryptocurrency barely gaining momentum due to declining news regarding the CFTC’s persecution of the co-founders of BitMEX.

However, yesterday’s news from Square managed to bring the trend back into the bulls‘ favor.

Data: Square and MicroStrategy are just the beginning

Prominent on-chain analyst Willy Woo writes in a tweet that Square and MicroStrategy are likely not the only companies currently accumulating Bitcoin .

Pointing out the massive reduction in spot BTC available on the exchanges, he notes that the collective buying by the above two companies is only a small fraction of the total supply reduction that has been seen lately.

“The purchase of 4,709 BTC by Square and 38,250 BTC by Microstrategy is the tip of the iceberg. In the past 8 months, speculative stocks on the exchanges have been reduced by 250,000 BTC, suggesting that many other * unannounced * investors have withdrawn coins from the market. “

If another publicly traded company makes a similar announcement, it may officially be considered a trend and could become a catalyst for serious growth.