Kategorie-Archiv: Bitcoin

Actionister som gjenoppfinner kunst: Som det noen gang var, skal det alltid være (selv i krypto)

Tokenisering av kunst kan gjøre malerier til et mer flytende middel for investeringer, og engasjere mennesker som ikke har tilgang til det eksklusive kunstmarkedet.

Kunst trumfer penger. Bestandig. Det er viktig å huske dette midt i den nåværende kryptokunst-sprøyten. Ikke-soppbare tokens har gitt digital kunst fordelen med påviselig eierskap, knapphet og programmerbarhet, slik at digitale skapere kan markedsføre og selge arbeidet sitt på måter som aldri før var mulig.

Med blokkjedeindustrien som vokser og markedene blir mer flytende, har kryptokunst sett en strøm av utrolig primært markedssalg. Den ICO-lignende frykten for å gå glipp av har inspirert samlere og kunstnere til å jage knapphet, og til og med ødelegge kunst i prosessen, slik tilfellet var med etableringen og auksjonen av Banksy-trykk NFT .

Likevel kan det som kan virke som et markedsføringstriks være en av de største actionistiske forestillingene kunstverdenen har sett til dags dato.

Jager knapphet

Jo sjeldnere noe er, jo mer blir det ettertraktet. Det ser ut til å være det grunnleggende prinsippet for alle samleobjekter og gjelder også for kryptokunst. En rask titt på salg i flere versjoner viser at markedet favoriserer unikhet.

Denne jakten på knapphet har tatt mange former, fra å begrense antall utgaver av et bestemt kunstverk til å finne „førstegangs“ i et hav av ting – som det var tilfellet med Jack Dorseys tweet.

Store stjerner fra kunstverdenen og musikkbransjen har begynt å eksperimentere med NFT-er, noe som gjør seks-sifrede dråper til en tilsynelatende vanlig forekomst. Fra Paris Hiltons $ 17.000 bilde av en katt til Grimes $ 389.000 Death of the Old til Beeples landemerke Christies auksjon , salg og bevissthet øker.

Lokken til megasalg

Til tross for det utrolige primære markedssalget, har sekundærmarkedet for det meste vært relativt stille. Ser vi på data fra Bitcoin Profit, kan vi se at antall salg i sekundærmarkedet er en brøkdel av antall solgte primærvarer.

Det faktum at artisters royalties blir behandlet annerledes på forskjellige plattformer og sjelden fungerer på tvers av plattformer, tvinger ytterligere både skapere og samlere til å fokusere på førstesalg for suksess på kort sikt.

Å bygge bro over gapet

Blockchain-industrien har sett og fortsetter å se mange forsøk på å bygge bro over den fysiske og digitale verdenen. Når det gjelder kunst, var de første forsøkene fokusert på tokenisering av fysisk kunst og stykker av kjente malere, med prislapper som gjorde dem svært illikide. Håpet var at fraksjonalisering av de dyre stykkene gjennom tokenisering ville føre til større engasjement fra folk som tidligere var priset ut av det eksklusive kunstmarkedet. Dette ville gjøre maleriene mer flytende investeringsbiler.

Til dette punktet har forsøkene hatt svært begrenset suksess. Dette kan delvis skyldes manglende samsvar mellom publikum: Tradisjonelle samlere driver ikke kryptopunglommer, og digitale innfødte føler seg mindre knyttet til fysiske gjenstander som holdes av et sentralisert parti.

Bullish? Bitcoin Whales mit mehr als 10.000 BTC auf einem Allzeittief

Die Anzahl der Bitcoin-Wale, die mindestens 10.000 Münzen in einer Adresse halten, ist auf ein Allzeittief gefallen, was auf eine dezentralere Verteilung der Token hindeutet.

Die Verteilung von Bitcoin ist wesentlich weniger konzentriert geworden, da die Anzahl der Wale, die 10.000 oder mehr Münzen halten, ein neues Allzeittief von weniger als 100 solcher Adressen erreicht hat.

Gleichzeitig sinkt die Anzahl der Transaktionen im BTC-Netzwerk und die Einzahlungen an der Börse weiter auf monatliche Tiefststände.

Bitcoin 10K+ Wale nach ATL

Die sogenannten BTC „Buckelwale“ sind massive Wallets, die 10.000 oder mehr Coins enthalten. Aus der USD-Perspektive würde diese Menge Bestände im Wert von mindestens $550 Millionen zu den heutigen Preisen darstellen.

Nach Daten der Überwachungsressource Glassnode ist die Zahl solcher Adressen seit Anfang dieses Jahres stark gesunken. Damals gab es 115 Wallets, die so viele Bitcoins hielten, inzwischen sind es nur noch knapp über 90 – ein neuer Tiefststand.

Dies könnte auf den explodierenden Preis von BTC in den letzten Monaten zurückzuführen sein, da die Kryptowährung ihren Wert seit Oktober um mehr als das Fünffache gesteigert hat. Als solche, Wale könnten für Gewinnmitnahmen gegangen sein, indem sie einige ihrer Bestände veräußern.

CryptoPotato berichtete, dass solche großen Wallets mindestens 140.000 Bitcoins (im Wert von etwa sieben Milliarden) im Februar verkauft hatten, ungefähr als BTC seinen Höchststand bei 58.400 $ erreichte.

Über einen längeren Zeitraum betrachtet, ist die Anzahl der Buckelwale seit 2019 um etwa 30 % zurückgegangen. Dies deutet darauf hin, dass die Verteilung der primären Kryptowährung im Vergleich zu vor ein paar Jahren deutlich weniger konzentriert geworden ist.

BTC auf Exchanges und tägliche Transaktionen nehmen ebenfalls ab

Während die großen Bitcoin-Adressen in den letzten Monaten zurückgegangen sind, haben auch die börsenbezogenen Aktivitäten abgenommen. Weitere Daten von Glassnode zeigten, dass die Anzahl der Tauscheinlagen (gleitender 7-Tage-Durchschnitt) ein monatliches Tief von weniger als 2,7 Millionen erreicht hat. Nur als Referenz, die Zahl war nördlich von 3,6 Millionen in Mitte Januar.

Im Gegensatz dazu haben sich die Abhebungen von den Handelsplätzen erst in letzter Zeit intensiviert, was dazu führte, dass die Anzahl der an den Börsen gehaltenen Bitcoins ein Rekordtief erreichte.

Zusätzlich hat das BTC-Netzwerk auch einen Rückgang der Transaktionen erlebt. Das Analyseunternehmen gab an, dass die Anzahl der täglichen Transaktionen (7d MA) einen Tiefstand von knapp über 12.300 erreicht hat, während sie Anfang des Jahres noch deutlich über 15.000 lag.

 

FTX crypto exchange offers index for stocks from Reddit forum „Wall Street Bets“

In addition to several securities, the crypto exchange also makes the Dogecoin tradable via the index.

After the surge in stocks such as GameStop (GME), AMC Entertainment (AMC) and the cryptocurrency Dogecoin ( DOGE ), the FTX crypto exchange launched an index fund that tracks the products in question.

The name of the index fund is Wall Street Bets, which is borrowed from the Reddit sub-forum that sparked the hype about said financial products

„We are pleased to make a basket of Wall Street Bets financial products tradable for you,“ as FTX announced in a corresponding announcement on Thursday . The index is a futures contract that expires on March 26, 2021.

FTX boss Sam Bankman-Fried told Cointelegraph that the index fund will initially only be offered for this period, but if there is sufficient demand, an extension until June is conceivable.

The WSB index runs on the FTX under the ticker WSB-0326, whereby the financial products under the abbreviations NOK, BB, AMC, GME, SLV, DOGE and FTT are included in this. The market value is calculated from the weighted average of all relevant products, as stated in the associated description .

Each financial product has a share of 16.5%, only FTT is only weighted with 1%.

The sum of 6 financial products at 16.5% each and the FTT at 1% results in a total of 100%

In the past few days the Reddit sub-forum Wall Street Bets has made headlines by jointly buying up GameStop’s stock. This, in turn, triggered what is known as a short squeeze , which drove a hedge fund that was excessively short in the security into bankruptcy. This was followed by a fundamental debate about the distribution of power in the stock market.

Nasdaq-listed Bitcoin Mining Company first purchases $150 million in BTC for reserve fund

Marathon Patent Group announced its first purchase of Bitcoin, adding $150 million in cryptomoeda to its reserve fund.

Nasdaq-listed Bitcoin mining company first purchases $150 million in BTC for reserve fundNOTHIES

Bitcoin mining company (BTC) Marathon Patent Group, listed on the U.S. Nasdaq exchange, announced the purchase of $150 million in Bitcoin, according to the company’s announcement.

Fintech includes cryptomoedas in investment portfolio through Hashdex fund (HDAI)
Marathon CEO Merrick Okamoto told The Block that the purchase was made through the mining company’s cash reserves as a way of spreading its treasury fund, totaling 4,813 BTC, in the company’s first purchase of cryptomeda.

Marathon has been active in the Bitcoin mining market since 2017, with 2,560 BTC miners in production, producing between 1.5 and 2 BTC per day.

It recently sold US$200 million in shares and ordered 100,000 units of Bitmain S19 miners, which will increase production capacity to between 55 and 60 BTC per day.

Okamoto spoke about the new million-dollar acquisition:

„We have used our available money to invest in Bitcoin now, we have turned our potential to be a pure investment into a reality. We also believe that maintaining part of our treasury reserves in Bitcoin will be a better long-term strategy than maintaining US dollars, similar to other forward-looking companies like MicroStrategy“.

Bitcon’s first ETF and cryptomoedas in the world is approved and was made by Brasileira Hashdex with Nasdaq
Earlier this month, Marathon raised $250 million in a round of equity, but the mining company’s CEO denies that the funding was used to buy Bitcoin.

According to him, the company already owned $425 million before the round, and it was those funds that were used for the current purchase, which was executed by the financial services company in cryptomoedas NYDIG.

The purchase was made on January 21, when the price of Bitcoin was $31,135. On Wednesday, the largest cryptomoeda is traded for over $34,000.

According to the NYDIG, the transaction was made in „just a few hours,“ from the idea to the execution of the purchase. Last month, the company also helped MassMutual, an insurance company, acquire about $100 million in cryptomoeda.

In addition to mining cryptomoeda, Marathon is also active in the acquisition of patent rights and business licensing. The company has a market capitalization of US$1.68 billion, growing 25 percent over the past five years.

Spectacular failure‘ for stocks: 5 things to note at Bitcoin this week
At the beginning of the year, the company’s CEO sold 13 million of his personal shares of the company. When asked if the company could invest again in buying Bitcoin, Okamoto was evasive: „We will see,“ he concluded.

ConsenSys partners with China’s Blockchain-based service network

ConsenSys has partnered with Blockchain-based service network to accelerate the corporate adoption of Ethereum applications in China.

ConsenSys partners with China’s Blockchain-based service networkNOTÍCIAS

ConsenSys, one of the world’s largest blockchain software companies, has partnered with Blockchain-based Service Network (BSN), a national blockchain project supported by the Chinese government,

As part of the partnership, ConsenSys’s Ethereum-based DLT protocol, ConsenSys Quorum, will be presented in the BSN ecosystem, the company announced on Monday.

The protocol will be available in 80 different cities through BSN public nodes in mainland China. ConsenSys director Charles d’Haussy told the Cointelegraph that ConsenSys Quorum will be available in all major cities and provinces including Beijing, Xiong’an and Hangzhou.

ConsenSys‘ GoQuorum – an open source Ethereum client and part of ConsenSys Quorum – will be interoperable with BSN structures and protocols through BSN’s Interchain Communications Hub. The BSN will also feature the ConsenSys blockchain set of applications, known as ConsenSys Codefi, placing its applications such as Orchestrate, Workflow and Assets in the BSN market.

ConsenSys Quorum will be bundled in the BSN with other public and authorized blockchain networks to allow the sale of cryptomoedas to companies and governments. BSN supports large blockchains such as Ethereum, EOSIO, Tezos, Polkadot and others.

In addition, ConsenSys will cooperate with BSN to provide training programs for the use of ConsenSys Quorum in China. Yifan He, the chief executive officer of the BSN Development Association, said that BSN will include the Quorum in its training programmes in 2021 to „substantially accelerate the corporate adoption of blockchain technology and Ethereum-based solutions in China.

Founded by Ethereum co-founder Joseph Lubin, ConsenSys is one of the world’s largest companies developing software products on top of Ethereum’s blockchain. By joining BSN, ConsenSys aims to achieve a larger and deeper market in China, Lubin said:

„We believe that the different open source blockchain protocols need to interoperate and, with BSN, we are taking a significant step to bring ConsenSys Quorum to many companies in China that could benefit from transparent collaborative business networks.

The BSN is a blockchain initiative supported by the Chinese government, supported by the China State Information Centre, a think tank under the National Development and Reform Commission. Launched in late 2019, the BSN has become one of the largest global corporate blockchain ecosystems, deploying more than 2,000 blockchain applications in companies and government organisations in China to date. By 2021, the BSN plans to complete the integration of 10 permitted blockchain protocols and 30 more public.

Total Crypto Market Cap bricht Die ATH im Januar 2018: Bitcoin kostet 33.000 US-Dollar

Die Marktkapitalisierung für Kryptowährungen hat einen bedeutenden Meilenstein erreicht, indem ein neues Allzeithoch über 836 Milliarden US-Dollar verzeichnet wurde, während BTC 33.000 US-Dollar erreichte.

Kurz nachdem Bitcoin sein Allzeithoch von 20.000 USD im Jahr 2017 überschritten hatte, folgten die meisten Kryptowährungen mit ernsthaften Gewinnen

Die kumulierte Marktkapitalisierung aller digitalen Assets hat heute das bisherige Hoch überwunden und sich auf 836 Milliarden US-Dollar erhöht.

Nach Angaben von Bitcoin Trader, einer der führenden Ressourcen zur Überwachung von Kryptowährungen, erreichte die Marktkapitalisierung während des parabolischen Preisanstiegs 2017/2018 einen Wert von rund 834 Milliarden US-Dollar.

Der jüngste Aufwärtstrend auf dem Markt hat jedoch zu einem neuen Rekord von 836 Milliarden US-Dollar pro Daten von CoinMarketCap geführt

Erwähnenswert ist das Wachstum in den letzten Monaten. Durch Erreichen dieses Rekordwerts hat die Marktkapitalisierung seit dem 29. Dezember 140 Mrd. USD, seit dem 24. Dezember 240 Mrd. USD und seit Ende November 360 Mrd. USD hinzugefügt. Darüber hinaus lag die Marktkapitalisierung Anfang Oktober bei nur 330 Milliarden US-Dollar, was einer Steigerung von über 500 Milliarden US-Dollar in drei Monaten entspricht.

Etwas erwartungsgemäß ist Bitcoin für den größten Anteil verantwortlich. Die primäre Kryptowährung ist seit dem vierten Quartal 2020 in Gefahr und macht über 72% der Marktkapitalisierung aus.

Bitcoin hat in diesen Monaten einen mehr als dreifachen Wertanstieg verzeichnet. Es brach zum ersten Mal über 20.000 Dollar und ging weiter nach Norden. Die Kryptowährung malte häufig neue Allzeithochs.
Gerade heute hat Bitcoin 30.000 US-Dollar überwunden , aber nicht aufgehört und über 33.000 US-Dollar für seine neueste ATH gebrochen, aber es ist zum Zeitpunkt des Schreibens dieser Zeilen leicht auf 32.300 US-Dollar gesunken. Die Marktkapitalisierung von BTC hat jedoch auch einen neuen Rekord von über 600 Milliarden US-Dollar markiert.

El amor de Australia por las criptomonedas parece estar expandiéndose

Parece que Australia se está convirtiendo en un súper paraíso para las criptomonedas y la actividad blockchain. Según una nueva encuesta, parece que aproximadamente el 20 por ciento de los residentes del Gran Interior han poseído criptomonedas en el pasado o las poseen en el momento de escribir este artículo.

Australia y las criptomonedas se están convirtiendo en socios a largo plazo

La encuesta se realiza a través del Índice de criptomonedas de reserva independiente (IRCI). La plataforma realiza esta encuesta anualmente y ha descubierto que 2020 fue el año en el que muchos australianos comenzaron de repente a ver las criptomonedas bajo una luz completamente nueva. Para ser justos, este parece ser el caso de la mayor parte del mundo. BTC y las criptomonedas se han convertido en mucho más que simples activos especulativos. Ahora se consideran en gran medida depósitos de valor o herramientas de cobertura que uno puede usar potencialmente para mantener la riqueza a salvo durante tiempos de conflictos económicos.

Además, la encuesta ahora confirma que casi el 89 por ciento de los australianos saben qué es bitcoin . Puede que no todos lo posean en billeteras digitales en algún lugar, pero la mayor parte del país al menos ha oído hablar de él o tiene algún conocimiento práctico de la moneda y su tecnología respectiva.

La encuesta explica:

Según el IRCI, el 78,2 por ciento de los encuestados que poseían criptografía en 2020 dijeron que estaban igualando o mejor, y solo el 21,8 por ciento informó una pérdida. El grupo de edad de 45 a 54 años era el que tenía más probabilidades de ganar dinero, con más de la mitad en el grupo negro. Esta fue una gran mejora con respecto al año pasado, donde solo el 35 por ciento de su grupo de edad aumentó su riqueza a través de la criptografía.

La encuesta también muestra que las ideas de muchas personas sobre bitcoin y sus primos altcoin han mejorado mucho en los últimos 12 meses. En 2019, se informó que más del 21 por ciento de los encuestados dijeron que bitcoin y las criptomonedas eran monedas de estafa que debían evitarse a toda costa. Esta vez, sin embargo, ese número se ha reducido a poco más del 17 por ciento. Eso es una mejora de aproximadamente el cuatro por ciento en un año.

Además, poco menos del 20 por ciento de los encuestados dicen que ahora ven a Bitcoin como una reserva de valor. Esto es más del tres por ciento con respecto al año pasado.

La encuesta dice además:

De aquellos que tenían la intención de comprar criptomonedas en 2020 pero no lo hicieron, más de un tercio dijeron que sus decisiones de compra se vieron afectadas directamente debido a las consecuencias económicas de la crisis del COVID-19.

Todavía hay algunas barricadas aquí y allá

La encuesta aún muestra divisiones entre hombres y mujeres cuando se trata de cripto. Según los resultados, los hombres sabían más sobre formas adicionales de criptomonedas que las mujeres. El documento dice:

Más allá de la criptografía dominante, el doble de hombres que de mujeres conocían otras monedas como Ethereum (ETH), [XRP], bitcoin cash (BCH), EOS (EOS) y Litecoin (LTC).

Uno dei primi utenti di Bitcoin potrebbe presto ottenere l’indulto presidenziale degli Stati Uniti

Il fondatore della Via della Seta Ross Ulbricht, che ha gestito il sito web oscuro dal 2011 al 2013 prima del suo arresto, potrebbe presto essere graziato dal presidente degli Stati Uniti Donald Trump se le cose dovessero funzionare.

Silk Road è stata tra le prime aziende pubbliche a utilizzare Bitcoin, una mossa che ha contribuito a rafforzare il caso d’uso del bene.

L’adozione della Bitcoin in un impero da 1,2 miliardi di dollari

Come da molteplici rapporti, il presidente Trump potrebbe concedere clemenza a Ulbricht, il fondatore ed ex amministratore del più famoso mercato della droga darknet del mondo, la Via della Seta. Al suo massimo splendore, la piattaforma, ormai in funzione, ha ospitato migliaia di venditori e transazioni per milioni di dollari (tramite Bitcoin e altre valute crittografiche) ogni giorno.

Ulbricht è stato condannato all’ergastolo senza possibilità di libertà vigilata nel 2015, dopo che una famigerata giuria ha impiegato solo tre ore per accusarlo di tutte e sette le accuse, come la cospirazione per l’hacking informatico, il traffico di stupefacenti e il riciclaggio di denaro sporco.

Silk Road, un mercato anonimo e peer-to-peer fondato da Ulbricht nel 2011, è diventato rapidamente un punto d’incontro per acquirenti e venditori di narcotici illegali, permettendo loro di condurre affari senza essere scoperti dalle autorità.

Ulbricht avrebbe concepito e supervisionato le operazioni della Via della Seta, dato che il mercato è cresciuto fino a diventare un impero della droga da 1,2 miliardi di dollari, che si diceva ospitasse anche spacciatori di munizioni e sicari a contratto.

Il sito presentava anche le valutazioni dei compratori e le garanzie di rimborso e funzionava su Bitcoin per gran parte della sua vita.

La briscola per concedere la clemenza?

Come da rapporto, l’ufficio legale della Casa Bianca sta attualmente esaminando i documenti relativi al caso Ulbricht, come da rapporti, che hanno aggiunto che Trump ha recentemente ricevuto delle richieste sulla situazione dell’ex informatico.

Due fonti non identificate hanno detto che Trump ha „espresso in privato una certa simpatia“ per il caso di Ulbricht in quel momento e sta ora considerando di concedergli la grazia. Se fosse vero, significherebbe che l’ex operatore della Via della seta sarebbe stato rilasciato prima che il presidente eletto degli Stati Uniti Joe Biden salisse al potere nel gennaio 2021.

Mentre la decisione finale spetta esclusivamente a Trump, le fonti suggeriscono che Ulbricht si sia guadagnato un seguito tra diversi sostenitori „influenti“ con stretti legami con l’attuale Presidente degli Stati Uniti, una storia che potrebbe aiutare il suo caso.

Tra questi vi sono consiglieri presidenziali e sostenitori della riforma della giustizia penale con stretti legami con l’amministrazione e con la famiglia Trump, persone con conoscenze in materia.

Una di queste fonti, l’attivista Weldon Angelos, ex produttore musicale ed ex detenuto federale, ha detto che la lotta per il rilascio di Ulbricht si è affrettata nel febbraio di quest’anno. „Ho fatto inoltrare dei documenti ai miei contatti alla Casa Bianca già a febbraio“, ha detto in una dichiarazione.

O Sberbank da Rússia se prepara para estabelecer uma plataforma para a compra de „ativos financeiros digitais“: relatório

O maior banco estatal da Rússia, o Sberbank, está alegadamente pronto para lançar uma plataforma que permite aos usuários a compra de ativos financeiros digitais.

Herman Gref, CEO do Sberbank, disse que o banco quer promover a acessibilidade à nova classe de ativos por meio de sua própria plataforma de cadeia de bloqueio, de acordo com o site de notícias russo RBC. A mudança parece estar ligada à recente aprovação da legislação russa que abriu o caminho para o desenvolvimento de títulos digitais, como noticiado anteriormente.

Essa mesma legislação, assinada em lei pelo presidente russo Vladimir Putin, incluiu, notadamente, disposições destinadas a proibir o uso de moedas criptográficas como meio de pagamento a partir do próximo ano. A lei entrará em vigor em janeiro.

O Sberbank destacou anteriormente os planos de lançar o chamado Bitcoin Evolution, que será vinculado ao rublo e utilizado principalmente para liquidações de ativos financeiros digitais. O Sberbank planeja começar a experimentar o Sbercoin em 2021, de acordo com o RBC.

€15 million cash injection for Berlin crypto start-up

Bitwala: €15 million cash injection for Berlin crypto start-up

New products should attract more users across Europe. In return, the Berlin cryptobank Bitwala will receive a million euro investment from Earlybird and other venture capitalists.

The Berlin crypto-bank Bitwala has recently received financing of over 15 million euros, as Gründerszene reported on Saturday. This was largely led by existing investors such as Earlybird. The venture capital firms Global Brain and Coparion were also involved. Coparion had already joined a Bitcoin System financing round just over a year ago, in which Bitwala collected 13 million euros. The money will be used to increase the number of users and to launch new products

Simple – Unbeatably cheap – Made in Germany

JustTRADE is the first German provider to offer an all-in-one solution for trading in crypto currencies (Bitcoin, Ethereum, Ripple, …) shares, ETFs and certificates. Website & App are intuitively designed, offer many useful features and are suitable for both beginners and advanced traders. Best of all, there are no transaction costs or network fees.

According to the Berliners, they currently have 150,000 customers in 32 countries, holding Bitcoins with a total value of €60 million. They use the service to invest in crypto-currencies themselves, to hold their assets or even to invest the assets. Deposits of up to €100,000 are secured with the German crypto-bank. For this purpose, the Berlin-based start-up is working with the bank-as-a-service provider Solarisbank.

Beyond the borders in the German-speaking world, the crypto stock exchange Bitpanda from Vienna has recently concluded a financing round for 52 million dollars with the top venture capitalists Hedosophia and Paypal founder Peter Thiels Valar. The company valuation is currently expected to be over 300 million euros. Although Bitwala ranks well behind with 64 million euros, it is one of the leading financial crypto providers nationwide.

Bitwala and Co come at the right time

At present, such services are in great demand, also because of the explosive course developments. Bitcoin has stabilised above USD 19,000 after yesterday’s all-time high. Observers assume, however, that private investors will increasingly turn to the topic again in the future. Not least because institutional investors have recently announced more frequently that they are invested in crypto.

As big as N26?

As Benjamin Jones recently made public to the Handelsblatt, the crypto-financial service provider wants to become „at least as big as N26“. To achieve this, the company had only recently poached Chief Product Officer Kristina Walcker-Mayer from the online bank. In addition, both Bitwala and N26 share a similar, even partly identical, investor audience. In order to realistically become as big as the smartphone bank, the Berliners would have to try to convince more investors in the future, who, as an external party, would be able to give a current rating. So far, the financing has largely been provided by existing investors.

Since 2018 officially a crypto-bank

Bitwala was founded in 2015 by Jan Goslicki, Benjamin Jones and Jörg von Minckwitz and started as a crypto-exchange platform. In 2018, the crypto-bank had to change its business model, as its partner company Wavecrest had not received a licence from Visa. Bitwala then switched its product to its own bank account on a block chain basis with crypto-wallet. The account is now operated through the banking-as-a-service provider Solarisbank.