Morgan Creek and Exos apply to the SEC for Bitcoin

Morgan Creek and Exos apply to the SEC for Bitcoin funds

The new Bitcoin Fund is designed to provide institutional investors with easier access to Bitcoin.
Morgan Creek Capital Management and Exos Financial have jointly filed a new Bitcoin (BTC) based investment fund with the US Securities and Exchange Commission (SEC). If approved, the fund would provide institutional investors with Bitcoin Millionaire another vehicle to invest in Bitcoin without having to hold the crypto-currency itself and expose themselves to its volatility.

As Kevin Rooke reported yesterday Friday, the „Morgan Creek-Exos Risk Management Bitcoin Fund“ has been officially filed with the SEC. The fund will allow direct investment in the market-leading crypto-currency, while incorporating mechanisms to reduce the allocation to Bitcoin when the signs turn negative.

To this end, Rooke explains that the investment fund „fully handles the technical details of trade, transaction and custody of Bitcoin“, which in turn saves institutional clients a huge amount of effort.

In the accompanying marketing materials, Exos states that institutional investors want to invest in Bitcoin without having to deal with the volatility of the crypto currency and its technical characteristics. This market gap is now to be closed with the fund.

Accordingly, Exos writes:

„The Fund places the entire allocation on Bitcoin as long as the indicators are positive and reduces the position or closes it as soon as the indicators become negative“.

Morgan Creek is an asset management company founded by Mark Yusko, whose primary objective is to provide institutional investors with alternative investment opportunities. To this end, the company operates a department specialising in block-chain and crypto-currency investments.

Exos is in turn a business-to-business platform offering equity investments, corporate financial services and asset management

The increased emergence of so-called „on ramps“ is the literal ramp to the crypto market for institutional investors. The corresponding investment funds, derivatives and ETFs are likely to be the driving force behind the current boom of Bitcoin & Co.

The rising adoption in the mainstream has also been helped by the advocacy of renowned investment gurus such as Paul Tudor Jones and Stanley Druckenmiller, both of whom are invested in Bitcoin.

More and more companies are also venturing into the market-leading crypto currency. According to estimates, companies now own just under 842,229 BTCs, which is currently equivalent to US$15.7bn.

Serious security concerns with blockchain elections

No democracy without trustworthy elections? MIT researchers have strong doubts as to whether the blockchain has a future-proof solution when it comes to voting.

The allegations of election fraud brought forward by the outgoing US President Donald Trump are putting the democratic process under pressure. This development has sparked thought about whether the election procedure could not be better protected from allegations and actual attempts at manipulation. Famous representatives from the crypto space formulated a solution that could be expected : Blockchain-based elections. But of all things, the Massachusetts Institute of Technology (MIT) recently put a damper on these plans.

Scientists from the renowned research institute presented the results of a study on November 6thpublished on the security aspects of blockchain and other online voting systems. The authors arrive at a clear result:

Internet- and blockchain-based voting would significantly increase the risk of undetected, nationwide elections being lost.

Online voting has too many points of attack

The researchers say they are positive about efforts to make elections more efficient and to remove obstacles that (especially in the US) prevent certain groups of voters from voting. Nevertheless, they have reservations that speak against voting via the Internet and blockchain.

They remind you that the security concerns in elections are of a different dimension than in online shopping and Co. After all, there is no insurance against a “failure of democracy.” As long as it cannot be sufficiently ensured that all votes are counted correctly, they ran all efforts to improve the electoral procedure come to nothing.

A key argument here is that Internet-based attacks are much easier to carry out on a large scale. They may be hard to spot. The cost of such an attack is also much lower. MIT researchers also point out that the security of devices that are part of the voting system depends on too many factors:

Errors in the voting system can be caused by the provider of the voting software, the hardware manufacturer, the manufacturer or a third party who maintains or supplies the code for these organizations. The voter who uses a telephone to cast their votes depends not only on the telephone provider, but also on the hardware companies that provide drivers for the device […]

What does blockchains offer?

As far as blockchain elections are concerned, the authors note the same fundamental reservations as with other online systems. Consensus mechanisms and encryption are not enough for them to allay their concerns.

First, they are discussing a model in which votes are cast via tokens on a public blockchain. Each voter sends a public key to a blockchain-based electoral roll. He then receives a coin with which he can vote for his candidate. The MIT researchers see the problem here that the ballot papers are not secret, since all votes are cast publicly. This opens up mechanisms of influence such as the purchase of votes (“I can prove that I voted for candidate XY”) or an agreement between miners. In addition, public blockchains are vulnerable to DDOS attacks.

Permissioned blockchains should not be able to solve the problems either. On these centrally managed blockchains, depending on the setting, the problem could arise that the users cannot verify whether their vote was actually counted.

Finally, they discuss an elective solution based on zero knowledge proofs. Information can be confirmed here without sharing it. Thus, secret elections seem possible, in which the voting can still be verified. However, here too there is no satisfactory mechanism against influencing and buying votes for the authors.

Finally, the authors also rate key management as fundamentally problematic. In particular, voters who are not particularly tech-savvy could have problems here.

1.5M Bitcoin Efectivo depositado en bolsas como telares de horquilla

Con la división de la cadena de Bitcoin Cash el 15 de noviembre, los estafadores del BCH han depositado más de 300 millones de dólares de la moneda en las bolsas desde principios de mes.

Los estafadores de Bitcoin Cash (BCH) están luchando para poner sus monedas en los intercambios antes de la horquilla dura que se espera para el 15 de noviembre.

Según Chainalysis, casi 140 millones de dólares del BCH han fluido a las bolsas en la última semana, llevando el total de noviembre a 300 millones de dólares. Desde principios de mes, más de 1,56 millones de BCH han sido transferidos a las bolsas.

Mientras que algunos espectadores han deducido los considerables flujos de entrada para indicar que los poseedores de Bitcoin Loophole están buscando vender antes de la bifurcación, los datos de Chainalysis muestran que la intensidad del comercio de Bitcoin Cash ha sido en gran medida plana desde finales de octubre en adelante.

Como tal, los flujos de BCH a las bolsas durante los últimos 12 días han equivalido a casi el 6,4% de toda la capitalización y suministro de Bitcoin Cash.

Los flujos de entrada de Bitcoin Cash a las bolsas desde agosto: Chainalysis

Se espera que la horquilla del 15 de noviembre marque el comienzo del dominio del Nodo de Bitcoin Cash (BCHN), una implementación del BCH impulsada por la comunidad que surgió cuando las tensiones internas en la comunidad de Bitcoin Cash se intensificaron a lo largo del año.

En agosto, Amaury Sechet, el desarrollador líder de la implementación históricamente dominante de Bitcoin Cash – Bitcoin ABC, anunció que la actualización del protocolo programada para noviembre incluiría una nueva „regla de la base de monedas“ que requiere que los mineros desvíen el 8% del recién acuñado BCH a un tesoro de desarrollo bajo su control.

La implementación del BCHN surgió rápidamente como protesta, prometiendo mantener el protocolo de Bitcoin Cash sin obligar a los mineros a patrocinar el desarrollo. Los nodos que dirigen el BCHN han extraído el 83,6% de los bloques de Bitcoin Cash en los últimos siete días, lo que sugiere que el futuro de Bitcoin Cash está firmemente en manos del BCHN.

Los mercados de futuros también están respaldando a BCHN para que emerja como la implementación dominante el próximo 15 de noviembre, con contratos de BCHN negociados por 0.96 BCH en CoinEX. Por el contrario, los futuros de BCHA – contratos para especular con el precio de un ABC de Bitcoin post-fork – se negocian por 0,047 de un BCH.

Mientras que el BCH ha tendido en gran medida de lado contra el dólar desde mayo, Bitcoin Cash ha alcanzado nuevos mínimos históricos en relación con Bitcoin (BTC) en los últimos días.

L’adoption des bitcoins pourrait atteindre 90% d’ici 2030, affirme le fondateur de la société d’investissement

L’adoption a commencé lentement mais s’est accélérée au fil du temps.

Avec l’arrivée récente des principaux acteurs financiers dans l’espace de la chaîne d’approvisionnement, combien de temps faudra-t-il pour que l’attribution de Bitcoin par les entreprises (BTC) devienne la norme ? Brian Estes, fondateur de la société d’investissement Off The Chain Capital, pense 10 ans.

„Je pense qu’en 2029, 2030, lorsque 90 % des ménages américains et des habitants des États-Unis utiliseront la cryptocourant et le Bitcoin, alors je pense que cela deviendra un élément stable de l’économie, et pas seulement de l’économie américaine, mais je pense de l’économie mondiale“, a déclaré M. Estes dans une interview au Cointelegraph.

Le raisonnement d’Estes est basé sur une analyse de la courbe en S, une image graphique commune qui illustre la vitesse et le processus d’adoption des nouvelles technologies. „Le temps qu’il faut pour qu’une nouvelle technologie passe de 0% d’adoption à 10% d’adoption est le même que celui qu’il faut pour passer de 10% d’adoption à 90% d’adoption“, a déclaré M. Estes.

Les détenteurs d’actifs numériques représentent au moins 15 % de la population américaine de 18 ans et plus, selon les données de 2020 de la société de conseil Cornerstone Advisors, rapportées par Ron Shevlin, collaborateur de Forbes, en juillet. Brian Brooks, le contrôleur des changes américain par intérim, a également commenté cette estimation de 15 % dans une interview accordée à CNN en août.

En 2019, seulement 10 % des personnes américaines détenaient des actifs cryptographiques, contre 0 % avant le lancement de Bitcoin début 2009, a souligné M. Estes. En avril 2019, les données de Blockchain Capital affirmaient que les détenteurs de Bitcoin représentaient 11 % de la population américaine.

„Il a fallu 10 ans pour que Bitcoin passe de 0 à 10 % d’adoption“, a-t-il déclaré. Selon l’analyse de la courbe en S, la CTB devrait atteindre une adoption de 90 % au cours de la décennie actuelle. Au vu des 15% de la population américaine qui détiennent la cryptographie en 2020, M. Estes a déclaré : „Nous sommes sur la bonne voie pour atteindre 90% en 2029.“

„Ce n’est plus un „si““, a dit M. Estes à propos de l’adoption de la cryptographie, ajoutant :

„Entre 0 et 10% d’adoption, c’est un „si“. Une fois qu’une nouvelle technologie atteint 10 % d’adoption, c’est un „quand“. C’est le même temps, et je peux vous donner beaucoup d’exemples – des ordinateurs personnels, à l’internet, aux télécopieurs dans les années 70, aux machines à laver dans les années 40, aux automobiles dans les années 30, aux chemins de fer dans les années 1800, à la navigation dans les années 1600 – c’est la même courbe d’adoption“.

En plus de MicroStrategy, Jack Dorsey’s Square et le milliardaire Paul Tudor Jones ont également fait de gros paris sur Bitcoin en 2020.

GazpromBank bietet Bitcoin-Handel und Verwahrung in der Schweiz an

Die in der Schweiz ansässige russische Tochtergesellschaft Gazprombank erhielt dafür die Genehmigung von Finanzinstituten in der Schweiz. Gazprom wird nun eine Vielzahl von Kryptowährungsdiensten anbieten, darunter den Handel und die Verwahrung von Bitcoin in der Schweiz.

Die am 29. Oktober angekündigte Gazprombank in Zürich bestätigte den Erhalt der Genehmigung der Schweizerischen Finanzmarktaufsicht (FINMA) zur Erleichterung des Handels mit digitalen Währungen auf dem Schweizer Finanzmarkt. Die Gazprombank ist eines der fünf größten Finanzinstitute Russlands und das drittgrößte in Europa, gemessen am Eigenkapital.

Bitcoin-Handel und Verwahrung in der Schweiz

Die Gazprombank ist der führende Anbieter konventioneller Bankprodukte und -dienstleistungen für Kunden aus Unternehmen und Instituten. Die Genehmigung kennzeichnet die Kryptobehörde der Bank in der Region, und das Produktportfolio soll erweiterte Funktionen für den Handel und die Verwahrung von Bitcoin aufweisen. Die Bank wird wahrscheinlich hier anbieten, Fiat und andere Kryptowährungen zu handeln.

Die Ankündigung enthielt Einzelheiten zur anfänglichen Implementierungsphase, in der die genannten Dienste für einen bestimmten Kundenstamm geöffnet werden sollen, sowie Ergänzungen der Produktpalette wie Datenspeicherlösungen für Institute und den Handel mit Bitcoin (BTC).

Langfristige Pläne beinhalten das Einsteigen in andere bemerkenswerte Kryptowährungen und verwandte Produkte zu seinen kryptobasierten Diensten

Die Bank erläuterte die zunehmende Bedeutung digitaler Assets weltweit sowie ihren aktuellen und potenziellen Kundenstamm. Die Liquidität digitaler Vermögenswerte ist ein wachsender Bedarf an kurzfristigen Unternehmen, den die Bank mit einem zusätzlichen Hauch von Schweizer High-End-Sicherheit erfüllen möchte.

Verschiedene Banken und Regierungen setzen in der Wirtschaftslandschaft nach COVID-19 auf die Kryptowährung und die digitale Währung der Zentralbank, und diese Entwicklung markiert einen weiteren Meilenstein in diese Richtung.

Suposto membro britânico do ISIS usou Bitcoin para financiar a fuga de militantes dos campos de prisioneiros da Síria

Um cidadão britânico que teria sido membro do ISIS por mais de quatro anos compareceu a um tribunal local por supostamente enviar dinheiro ao exterior (via BTC) para ajudar militantes do ISIS capturados a escapar dos campos de prisioneiros sírios.

De acordo com um relatório , o cidadão de 27 anos chamado Hisham Chaudhary enfrenta sete acusações de terrorismo, incluindo ser membro de uma organização proscrita e entrar em um acordo de financiamento

Além disso, as acusações contra Chaudhary também incluem a compilação e disseminação de uma publicação terrorista chamada O fruto saudável nas virtudes e etiquetas da jihad em outubro e novembro do ano passado.

No entanto, o acusado não indicou nenhum fundamento para as sete acusações durante sua aparição no vídeo no Westminster Magistrates ‚Court.

De acordo com o relatório, Chaudhary é acusado de cumprir certas responsabilidades em nome do grupo, como reunir fundos e transferir dinheiro para o exterior usando Bitcoin, que supostamente permite que militantes do ISIS escapem de campos de prisioneiros controlados por curdos no norte da Síria.

A quantidade de BTC que Chaudhary adquiriu e supostamente enviou aos militantes permanece oculta às autoridades. Os promotores alegaram que Chaudhary, natural de Oadby, Leicestershire, é membro aceito da infame organização terrorista Estado Islâmico desde o início de 2016. O Estado Islâmico foi proibido pela lei do Reino Unido desde 2014.

Organizações terroristas têm usado Bitcoin para financiar suas operações em taxas crescentes

Na verdade, em agosto deste ano, o Departamento de Justiça dos EUA (DOJ) apreendeu mais de 300 contas de criptomoeda vinculadas ou operadas por três grupos terroristas notórios.

As agências de aplicação da lei dos EUA seguiram os fundos para as contas no blockchain Bitcoin e viram milhões de dólares em transferências de “campanhas de arrecadação de fundos” e doações anônimas terminando nas carteiras. Por fim, as autoridades dos Estados Unidos conseguiram confiscar mais de 300 contas de criptomoedas, quatro sites e quatro páginas do Facebook, todos relacionados à empresa criminosa.