It appears that Francis Suarez, mayor of Miami, is studying Bitcoin following the guidance of Anthony Pompliano and the Winklevoss twins

Francis Suarez, mayor of Miami, is the latest prominent figure to show interest in Bitcoin (BTC), offering further evidence of growing mainstream adoption.

In a tweet posted Thursday, Suarez described Bitcoin Profit as a stable investment during an “incredibly unstable year,” adding that he is studying the leading digital asset with the help of well-known names like Tyler Winklevoss and Anthony Pompliano:

“A great explanation of how @Bitcoin has been a stable investment during an incredibly unstable year… I’m reading Bitcoin Billionaires @tyler. @APompliano any other reading to recommend?”

Winklevoss and Pompliano responded to Suarez’s tweet. Tyler said he, along with his brother Cameron, will bring the mayor of Miami a “signed copy of Bitcoin Billionaires,” a book about the twins, while Pompliano called Miami a future Bitcoin city:

“Miami is well on its way to becoming a Bitcoin city.”

A few hours earlier, Suarez indicated that his administration is exploring the idea of making Miami the first crypto-focused government in the United States. “We are absolutely exploring the idea,” he explained in response to a tweet. The mayor did not provide any other details.

Suarez was elected mayor of Miami in November 2017, after campaigning as a nonpartisan candidate. Before entering politics, he worked as a lawyer and founded a real estate company.

Some news outlets have described Miami as one of the best U.S. cities for cryptocurrency, thanks to permissive state oversight and an influx of foreign capital. Earlier this year, the North American Bitcoin Conference, attended by figures such as Charles Hoskinson, Roger Ver and Riccardo Sagni, was held in Miami.

The explosive rise tracked by Bitcoin this year, due in part to corporate and institutional adoption, is bringing out new conversations about digital assets. Bitcoin adoption is increasingly seen as a competitive advantage in an economy characterized by financial instability, asset price inflation, and record-breaking interventions by central banks.

The Bitfinex exchange now allows its users to take out personal loans in cryptocurrency through a new dedicated service, Bitfinex Borrow. Verified users can get loans in Bitcoin Legacy, Ether (ETH), and many other cryptocurrencies.

Cryptocurrency loans land on Bitfinex

The Bitfinex platform now offers the possibility for its users to take out loans in cryptocurrency. This service is offered through Bitfinex Borrow , a P2P platform that allows users to borrow funds from others using their cryptocurrencies or fiat currencies as collateral.

Access to Bitfinex Borrow is restricted to users whose identity has been verified . The higher the verification level, the greater the borrowing options.

There are many available cryptocurrencies, here is the list:

For the main cryptocurrency, namely BTC, borrowers can deposit US dollars, euros, Japanese yen and even Tether (USDT) as collateral. For an ETH loan, only the US dollar is currently accepted as collateral.

Regarding loan-to-value ratios, borrowers will be able to obtain loans in BTC corresponding to a maximum of 80% of the value of their holdings in dollars , euros or USDT. For the yen, the loan-to-value ratio will not exceed 70%. As for Ethers loans, the percentage may reach up to 80% of the funds deposited as collateral .

The annual percentage rate of charge (APR) for loans is particularly attractive and more advantageous than on other platforms. Bitfinex charges an annual interest rate of around 3.75% for BTC loans and around 1.22% for ETH loans .

The most advantageous rates are charged on DOT and EOS loans, these being only 0.1% and 0.01% at the time of writing, respectively.

How does the Bitfinex Borrow interface look?

For its new service, Bitfinex has made things as easy as possible. For example, let’s simulate borrowing 0.25 BTC on the platform .

On the screenshot below, Bitfinex tells me that I must first deposit 5,488 euros to borrow 0.25 BTC . A loan can be taken out over a period of 2 to 120 days .

For a loan with a period of 50 days, the daily interest rate here is 0.010270% . So I would have to repay the equivalent of 0.25128 BTC to the futures platform.

With Bitfinex Borrow, you can choose between a variable rate or a fixed rate loan. The interest charged for a variable rate loan changes throughout the life of the loan. This fluctuates according to supply and demand. The interest charged for a fixed rate loan is fixed for the entire term of the loan, and is not subject to any variation.

If you are interested in Bitfinex lending service, carefully read its terms of service first. Also note that this does not fit in the box of decentralized finance (DeFi), Bitfinex being a fully centralized platform.

Bitcoin (BTC) will always stick to the Proof of Work algorithm. In the picture a Bitcoin on a circuit board.

The demand for Bitcoin from the institutional side has increased massively in the last few months. Now another company has come across Bitcoin and has invested.

Ruffer Investment Company, a London based investment management firm, has announced that it has invested 2.5% of its portfolio in Bitcoin.

Bitcoin as a hedge against inflation

Ruffer LLP’s fund says they have more than $ 620 million in assets under management. Accordingly, the invested sum corresponds to approximately 15 million USD.

We see this as a small but powerful insurance policy against the ongoing devaluation of the world’s major currencies.

Bitcoin diversifies the company’s (much larger) investments in gold and inflation-linked bonds, and acts as a hedge against some of the currency and market risks we see.

They took this move recently in November “after reducing the company’s exposure to gold,” calling it “a primarily defensive move.”

That makes them one of the largest known UK institutional investors to have exposure to Bitcoin.

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Portfolio diversification with BTC

This announcement, made in a performance update and manager comment letter, says that the new allocation to the digital currency was made following a recent inclusion, a specialist manager appointed within the Ruffer Multi-Strategies Fund .

The name of the new specialist is not mentioned, but it could hint at a potential new strategy for the publicly traded investment management firm, which is one of the first to allocate Bitcoin in its portfolio.

This follows increased interest from institutional investors after numerous studies concluded that Bitcoin can act as a diversifier and hedge. This shows that the risk-adjusted portfolio returns increase with the addition of Bitcoin.

The interest of institutional investors is not diminishing. Almost every week there are reports from hedge funds, insurance companies and other companies that have now invested in Bitcoin.

It’s just the beginning of a long journey. Right now, all big investors are still pioneers and paving the way for big investments. If you want to keep up in the digital age, you can no longer ignore Bitcoin.

W niedzielę (22 listopada) Sean Lennon, syn Johna Lennona i Yoko Ono, mówił o Bitcoinie podczas wywiadu z Maxem Keizerem i Stacy Herbert w podcastie „Orange Pill”.

45-letni brytyjsko-amerykański muzyk, autor tekstów i producent, który był członkiem kilku zespołów (w tym „Cibo Matto”, „The Ghost of a Sabre Tooth Tiger” i „The Claypool Lennon Delirium”) jego komentarze podczas odcinka OP15 podcastu Orange Pill, który ukazał się wczoraj:

„To bardzo interesujący czas i tak wiele rzeczy zostało wywróconych do góry nogami, a szczera rozmowa z wami o Bitcoin Millionaire jest jedną z niewielu rzeczy w tym roku, która dała mi więcej optymizmu i szczęścia z powodu mojej wiary w najbliższą przyszłość i tylko ludzkość w ogóle…

„Bitcoin to coś, co wzmacnia jednostki i ludzi w sposób, w jaki nigdy wcześniej nie byli uprawnieni, ponieważ, wiesz, nawet gdyby mieli złoto, musieliby to nosić w worku i ktoś mógłby je im po prostu ukraść, ale coś, co wykracza poza świat fizyczny, oznacza, że ​​masz całkowitą wolę działania, całkowitą niezależność od siebie i tak długo, jak pamiętasz swoje kluczowe zdanie, możesz iść…

„Uważam, że w oceanie sprawiedliwego zniszczenia, który był w tym roku, znajduję Bitcoin, który daje mi pewien optymizm…”

Jakiś inwestor Bitcoin zapłacił 47 000 $, aby wysłać 194 $ w BTC

• -Anonimowy użytkownik bitcoin zapłacił 47 000 $, aby wysłać 194 $ w BTC.
• -Użytkownik dołącza do rosnącej listy inwestorów kryptowalutowych, którzy popełnili kosztowne błędy transakcyjne.

Niefortunny inwestor bitcoin zapłacił 47 000 $ opłat transakcyjnych, aby wysłać tylko 194 $ BTC.

Zgodnie z aktualizacją przeprowadzoną przez bota Twittera, Bitcoin Block Bot, który skanuje łańcuch bloków bitcoin pod kątem anomalnych transakcji, anonimowy użytkownik zapłacił opłatę w wysokości 2,66 BTC (wartej wówczas 47 000 USD), aby wysłać nieco poniżej 200 USD.

Tweet wywołał falę komentarzy, a użytkownicy kryptowalut wyrażali frustrację z powodu obecnego, podatnego na błędy formatu wysyłania transakcji. Niektórzy użytkownicy skorzystali również z okazji, aby dać upust rosnącym opłatom transakcyjnym w sieci Bitcoin, które zbiegły się w czasie z wzrostem cen w listopadzie.

Auć. Opłaty za BTC są zbyt wysokie, ale nie TAK wysokie. Może to być przypadek ręcznego skonstruowania transakcji i popełnienia błędu. Opłaty za wysyłanie są wyjściami – wejściami, więc ktoś prawdopodobnie zapomniał wprowadzić zmianę wyjściową z powrotem do siebie

Transakcja miała miejsce w bloku 657,535 i była prawdopodobnie kolejnym przykładem błędnie wprowadzonej opłaty transakcyjnej. Dane z BitInfoCharts pokazują, że średnia opłata transakcyjna za bitcoin wynosi 0,00027 BTC (4,82 USD), w porównaniu ze względnym szczytem w październiku wynoszącym 13,15 USD, ale wciąż wyższą niż większość użytkowników wolałaby zapłacić.

Wcześniej w tym miesiącu podobnie niefortunny użytkownik ethereum zapłacił 9500 USD opłat transakcyjnych, aby przenieść 120 USD. Użytkownik twierdził, że zamienił dane wejściowe w polu „limit gazu” na „cenę gazu”, co spowodowało kosztowny błąd.

eToro has launched a new service, the so-called Investment Time Machine.

It is a tool that allows you to analyse the performance over the past years of 35 very popular equities, to find out how investments made at different times on those stocks could have gone over time.

Thanks to this “Investment Time Machine” it is possible to get an idea of how much money could have been earned by investing a certain amount of money in a certain security at a given time and selling it after a set period of time.

By selecting a security, and allocating a portion of the fictitious Crypto Bull available to make the calculation, it is possible to go back in time to calculate the historical return on a hypothetical investment made on that security, on that date, and with that capital.

The reference example could be that of Ronald Wayne who sold his 10% share of Apple for $800 in 1976. If Wayne had not sold his shares at that time, they would now be worth $200 billion.

The two other co-founders of the company, who bought Wayne’s shares for $800, ended up with a value of $177.8 million only 4 years later, at the time of the company’s IPO, with a return of 22.224%.

eToro’s investment time machine

eToro’s market analyst in Italy, Edoardo Fusco Femiano, explains:

“The Investment Time Machine is not financial software, but something we have enjoyed developing to show how the value of a brand or company evolves over the years, analyzing a selection of 35 popular stocks and their performance from 1991 (if they were already listed) to the present day. Today access to the financial markets is easier than ever: we may not be able to understand what the next Apple will be, but with a few tricks you can be successful, among the basic rules to follow, certainly that of focusing on the companies you know best from a financial and structural point of view and choose who you think can be successful in the long run”.

Failed exit scam – Scammers thought they had pulled off yet another bogus investment scam, but Binance put a stop to their project. Almost all of the funds have been blocked, and they will be returned to the victims.

A plan that (fortunately) did not go as planned

This November 4, the famous crypto exchange Binance revealed on its blog that it succeeded in thwarting the exit scam plans of the (fake) crypto project called Wine Swap .

Wine Swap presented itself as one of the many AMMs ( Automated Market Makers ) very fashionable in the current trend of decentralized finance (DeFi).

Launched on October 13 via the Binance Smart Chain (BSC), the Wine Swap project received 19 different types of crypto from 119 separate addresses, totaling a value of $ 345,000 in the span of an hour .

It did not take more to satisfy the scammers, who immediately put an end to this fake AMM to pocket the cryptos on their wallets and leave with the cash register .

Centralized platforms do not only have disadvantages

Binance Security teams were quickly alerted to this attempted exit scam, and they closely followed the crypto transactions from Wine Swap.

The criminals made the mistake of channeling almost all of the funds through Binance Bridge , a service providing access to inter-blockchain liquidity. This is where, at first, the funds could be frozen by the centralized crypto-exchange, when they had already all been converted into stablecoins, BNB, ETH and LINK .

The next day, October 14, Binance Security teams contacted the scammers and, caught in the act , they “quickly cooperated” to return the stolen funds.

Thus, after a recovery process, 99.9% of the amount of the $ 345,000 in stolen cryptos could be recovered .

The Binance OTC (over-the-counter) team then helped convert these funds back into the original cryptos and amounts, with a view to repaying victims . The restitution should be completed within the next few days .

Japanese company Toyota plans to issue its own digital currency. Experts from the IT department of giant Toyota Systems will be involved in token development.

RBC specifies that the crypt currency will be created in partnership with the DeCurrent team. Toyota employees will take part in the coin trials.

It should be noted that the Japanese giant has been interested in block technology for the past few years. In March 2020, Toyota announced the creation of its own laboratory specialising in the launch of blockage services.

Toyota Systems’ management expects to use digital currency in internal transactions. The 2,500 employees participating in the test will receive tokens in their wallets and will be able to exchange them for various prizes.

If the innovative tool is tested successfully, the Japanese giant may allow it to be used for payment and settlement purposes.