Gerald Moser, chief strategist at financial conglomerate Barclays, believes bitcoin is unsuitable for institutional investors. This was reported by Financial News.

Moser said bitcoin’s volatility would prevent pension funds and other large investors from investing in the cryptocurrency on a long-term basis.

“Investors will simply exclude cryptocurrency from their portfolios during the next optimization,” he said.

According to Moser, bitcoin’s high returns are driven by Profit Revolution retail buyer participation a bit more than institutional investments.

The strategist also stated that bitcoin is not suitable for risk diversification. The specialist cited the lack of a pronounced correlation between the cryptocurrency and any asset since 2016 as the reason.

Recall that in 2020, public companies bought more than 1 million VTCs (5.57% of the cryptocurrency’s market supply).

La società Fintech Movencorp ha annunciato una partnership con il digital asset manager NYDIG per aiutare le banche digitali a lanciare i prodotti Bitcoin.

Moven sfrutterà la migliore piattaforma della NYDIG per offrire prodotti e servizi Bitcoin, dando ai beneficiari la possibilità di detenere, vendere e acquistare Bitcoin.

La collaborazione è vista come la prima nel settore, ed è un’ulteriore prova del fatto che Moven è leader quando si tratta di fornire alle banche la tecnologia del patrimonio finanziario negli Stati Uniti. La partnership dà anche la possibilità a Moven di aggiungere diversi prodotti relativi ai Bitcoin Trader ai servizi esistenti “bank-in-the-box”. Ciò consentirà alle banche di promuovere un significativo miglioramento dei ricavi e di guadagnare quote di portafoglio.

La piattaforma digitale superiore di NYDIG alimenterà il progetto offrendo servizi di reporting, esecuzione e custodia sicuri che soddisfano i più elevati standard di governance, audit e regolamentazione. La partnership viene dopo che alle banche statunitensi è stato permesso di offrire la custodia criptata e di effettuare pagamenti criptati e altre transazioni correlate alla crittografia utilizzando gli stablecoin.

Il fondatore di Moven, Brett King, ha commentato lo sviluppo. “Se PayPal e Square possono farlo, allora anche le banche della comunità dovrebbero essere in grado di farlo”, ha dichiarato, aggiungendo che “essendo in grado di offrirlo sulla nostra piattaforma per le banche statunitensi, è francamente il momento giusto”.

NYDIG è stata molto attiva ultimamente

La partnership NYDIG sarà la seconda di tali partnership negli Stati Uniti, dopo quella con Q2, un fornitore di tecnologia bancaria, l’anno scorso. La NYDIG è stata costituita dopo una Stone Asset Management da 10 miliardi di dollari nel 2017. In seguito, ha raccolto 50 milioni di dollari in fondi per perseguire la sua ambizione espansionistica.

La scorsa settimana, l’azienda ha annunciato di aver acquistato Digital Assets Data per aiutare le sue offerte di analisi crittografica e ricerca crittografica. Il mese scorso è stato nominato Patrick Sells, che all’epoca lavorava con Quontic Bank, con sede a Manhattan, come responsabile delle loro soluzioni bancarie.

Anche l’amministratore delegato di Moven, Kesh Talwar, ha commentato la partnership, affermando che c’è stata una crescita impressionante sia per le crittoanalisi che per la piattaforma fintech. Tuttavia, entrambi i mondi non hanno mai unito le loro forze.

I consumatori condividono un rapporto cordiale con le società di servizi finanziari, ed è per questo che si fidano di loro. Ha aggiunto che la partnership porterebbe l’opportunità a tutti in modo “snello”. Patrick Sells ha aggiunto che la NYDIG è fortunata ad essere partner di un’azienda come Moven. Brett King e Kesh sono stati coerenti nel prevedere accuratamente le tendenze del settore.

Le banche possono diventare i principali attori del settore

In base alle ricerche della NYDIG, più dell’80% dei cittadini americani che sono possessori di Bitcoin preferiscono tenere il loro Bitcoin con le proprie banche se offrono un deposito sicuro. La ricerca ha anche rivelato che l’85 per cento di loro preferirebbe anche le transazioni con le proprie banche.

L’ascesa di fintech ha fatto sì che molte banche si sentano indietro rispetto alle tendenze dei pagamenti peer to peer, ma King dice che le banche hanno la possibilità di capitalizzare sulla fedeltà dei loro clienti.

Poiché i clienti preferirebbero trattare con loro piuttosto che con altre istituzioni, King dice che le banche hanno l’opportunità di diventare attori forti nel settore dei cripto-clienti. Ha aggiunto che Moven è stata progettata per garantire che questo obiettivo sia raggiungibile e sostenibile.

Volume of Bitcoins traded at Brazilian exchanges rises from 351 thousand Bitcoins in 2020

The exchanges of cryptomorphs that operate in Brazil trade, in 2020, more than 351,204,655 Bitcoins, which in value today, January 5, exceeds $ 61 billion, according to data shared with the Cointelegraph by Cointrademonitor, CTM, one of the main price aggregators of cryptomorphs in Brazil.

According to the portal, all volume information was collected directly from exchanges through their respective information channels (API). No information collected was submitted to filters or changes, so it is based 100% on information provided by companies.

Publication of one of the largest investment portals in Brazil recommends: ‘Keep an eye on Bitcoin

Volume information was collected from the following exchanges:

Alterbank,AccessBitcoin, BitBlue, BrasilBitcoin, BitCambio, Biscoint, Binance, bitPrice, Braziliex,BolsaCripto, Bitso, Bitnuvem, Bitrecife, BitcoinTrade, BitcoinToYou, BULLGAIN, ComprarBitcoin, Coinext, CryptoMKT, Citcoin, CointradeCX, eJuno, flowBTC, Foxbit, FTX, MercadoBitcoin, Modiax, NovaDAX,NewCash,Omnitrade, PagCripto, PagCripto,OTC, Stonoex, UpCâmbio, Walltime and YouBTrade.

Bitcoin Market leads

According to the portal, the exchange with the highest volume was the Bitcoin Market, MB, with 75,558.05 Bitcoins traded, corresponding to 21.51% of the national market, indicating a decrease in market share because, in the previous year, this exchange had 31.36% of the volume traded.

Where will Bitcoin arrive in 2021? Check Brazilian specialists forecasts

However, the upward movement in Bitcoin in the months of November and December was not followed by a significant increase in the volume of national exchanges.

In the case of the MB, the day that the company registered the largest movement in Bitcoin in the period was March 13 with 4,267.55 BTC being traded. The day with the smallest negotiation was January 1st, registering 65,67 Bitcoins.

Still according to data from CTM January presented a volume within the average – 27,849 BTC – considering that the monthly average volume of 2020 was 29,267 BTC.

“There was a predictable decrease of the monthly volume in the month of February however, in March, the negotiated volume increased significantly. While the national exchanges, in February 2020, moved 22,960 Bitcoins, they saw an 85% increase in that volume in the following month, trading 42,390 BTC in March 2020,” the publication reveals.

International Volume and Federal Revenue

The Bitcoins negotiations in Brazil although presenting a billion dollar figure are still very long from the international market.

As a comparison with Binance, one of the largest Bitcoins exchanges in the world, it trades on average 107 thousand BTCs, per day, according to data from Coinmarketcap.

This way, in only one week, the company alone, negotiates the double of Bitcoins traded by all national companies in 12 months.

Moreover, the volume, although expressive, does not represent the total volume of investment of Brazilians in the cryptocap market, since the movements in international exchanges, the P2P market and the trading of other cryptocaps besides Bitcon, such as Ethereum, USDT, Ripple, among others, are not computed.

This way, the data that are computed by the Federal Revenue Service, by means of the Normative Instruction, 1888, reveal an even bigger market.

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Thus, according to the regulator, between January and October this year alone more than R$ 89.559 billion in cryptomoedas have been traded in Brazil.

“The year 2020 was a year of much growth for the cryptoactive market in Brazil. But the market does not evolve only in volume but in terms of maturation, with institutional products, new companies exposing themselves to cryptomotives and, like it or not, with more regulation, this market was gaining body and thus attracting more money. This reflects on the market of nearly US$ 1 trillion that we live today”, declares Daniel Coquieri, Bitcoin Trade founder and specialist on cryptoactives.

Russell Okung zażądał wypłaty wynagrodzenia za pośrednictwem Bitcoin w 2019 roku i ostatecznie otrzymał połowę swoich 13 milionów dolarów opłat w BTC.

Zdjęcie: Russell Okung / Carolina PanthersUdostępnij ten artykuł

Russell Okung, który gra dla Carolina Panthers w American National Football League (NFL), ogłosił, że w końcu otrzymał 50% swoich 13 milionów dolarów rocznych opłat w Bitcoinie. Okung został pierwszym graczem w NFL, który otrzymał wypłatę w Bitcoin Revolution.

Zgodnie z oficjalnym ogłoszeniem, Okung zamienił 6,5 miliona dolarów ze swojej pensji NFL na Bitcoin za pośrednictwem BTC Payment Startup Zap. Okung był wielkim zwolennikiem cyfrowej waluty, kiedy w maju 2019 roku napisał na Twitterze, że chce otrzymywać płatności największą na świecie kryptowalutą.

Gracz NFL odpowiedział wczoraj na swój własny tweet i ogłosił, że w końcu otrzymał płatność w Bitcoinie. Okung skrytykował dolara amerykańskiego i wyraził obawy o rosnącą inflację.

„Kiedy wszyscy otrzymujemy zapłatę w Bitcoin, nikt nie może nam powiedzieć, co zrobić z wartością, którą tworzymy. Jeśli uważasz, że wybory są sfałszowane, poczekaj, aż dowiesz się o dolarach amerykańskich. Możesz zarabiać „x” rocznie i obserwować, jak powoli spada wraz z inflacją, lub możesz chronić swoje ciężko zarobione pieniądze za pomocą Bitcoin ”- wspomniał Okung na Twitterze.

Bitcoin w sporcie

NFL wyjaśnił, że liga nie wypłaciła Okungowi bezpośrednio w Bitcoin, a on zamienił swoją roczną pensję na BTC poprzez startup. Pomimo powodu, dla którego American League nie realizuje płatności bezpośrednio przez Bitcoin, największa na świecie kryptowaluta zyskała ogromną popularność wśród sportowców na całym świecie. Jack Mallers, założyciel Zap, powiedział Coindeskowi w wywiadzie, że sportowcy z National Basketball Association (NBA) i Major League Baseball (MLB) są w trakcie rozmów o przystąpieniu do programu.

Cena Bitcoina wzrosła o ponad 8% w ciągu ostatnich 24 godzin, osiągając 28,500 USD. Największa kryptowaluta na świecie zyskała znaczną wartość w grudniu i skoczyła z 19 000 $ do 28 000 $ w mniej niż 4 tygodnie. Całkowita kapitalizacja rynkowa kryptowalut przekracza obecnie 750 miliardów dolarów, ponieważ dominacja BTC przekroczyła 70%, co jest najwyższym poziomem od tygodni.