Big Tech grijpen in op GameStop-achtige pompen

Wall Street, Big Tech grijpen in op GameStop-achtige pompen; Biden Admin ‚volgt‘ situatie

Chaos op de markt, aangewakkerd door een grote groep Reddit-handelaren, stuit op sterke tegenstand van Wall Street.

Wall Street wil voorkomen dat aandelen verhandeld worden als cryptocurrencies.

Een actieve op Reddit gebaseerde handelsgemeenschap zorgt ervoor dat meer aandelen zich gaan gedragen als karakteristieke volatiele cryptocurrencies te midden van een voortdurende campagne van monsterlijke short squeezes. Als reactie op het abnormale marktgedrag dreigen makelaars en andere Bitcoin Revolution financiële dienstverleners de handel af te sluiten om „het risico te beperken“.

De Wall Street Bets (WSB) handelsgemeenschap op Reddit, die zichzelf omschrijft als „alsof 4chan een Bloomberg Terminal heeft gevonden“, heeft chaos veroorzaakt op de traditionele markten nadat ze GameStop (GME) woensdagochtend in vijf dagen tijd met bijna 900% heeft opgepompt tot ongeveer $380. En de chaos verspreidt zich.

Andere zwaar gebackte aandelen zoals BlackBerry (BB) en AMC Entertainment (AMC) hebben de afgelopen weken driecijferige procentuele winsten gezien, omdat WSB-handelaren hun zinnen op deze bedrijven hebben gezet. Zelfs Eastman Kodak (KODK) schoot woensdag bijna 50% omhoog en handelde kortstondig in de buurt van $14, nadat de handel op dinsdag onder $9,50 was gesloten.

Short gaan is een gok dat de prijs van GameStop aandelen zal dalen

Andere bedrijven zoals Tootsie Roll (TR) en National Beverage Corp. (FIZZ) behoren ook tot de meest gedekte aandelen door hedgefondsen, volgens gegevens van CNBC, waardoor ze in de toekomst mogelijke WSB-kandidaten zijn.

De lange lijst van zorgen en problemen die deze onregelmatige marktactiviteit veroorzaakt, leidt onder meer tot zware financiële verliezen bij hedgefondsen zoals Melvin Capital, dat een grote shortpositie had op GameStop. Het fonds capituleerde uiteindelijk en sloot zijn positie dinsdag na het nemen van een „enorm verlies“, meldde CNBC.

De Reddit handelsgemeenschap juichte. Maar handelsdiensten reageren streng op de chaos.

Na een tweet over „ongekende volumes“ die „beperkte toegang kunnen veroorzaken“, beperkte TD Ameritrade eenvoudig de handel van klanten voor GameStop, AMC en andere effecten „in het belang van het beperken van risico’s voor ons bedrijf en onze klanten.“

Nasdaq CEO Adena Friedman vertelde CNBC donderdag dat haar bedrijf actief sociale media chatter controleert en de handel in aandelen zal stoppen als de inhoud die het ziet overeenkomt met „ongebruikelijke activiteit in aandelen“.

Bloomberg meldde dat Wells Fargo zijn adviseurs ook heeft verboden om aandelenaanbevelingen te doen voor GameStop en AMC Entertainment.

Ook regeringsfunctionarissen en regelgevende instanties houden de vinger aan de pols. Het economisch team van de regering-Biden houdt de situatie [GameStop] in de gaten“, vertelde perssecretaris Jen Psaki van het Witte Huis woensdagmiddag aan verslaggevers. De Securities and Exchange Commission (SEC) gaf woensdagavond ook een verklaring uit waarin ze zei dat ze „zich bewust is van en actief toezicht houdt op de voortdurende marktvolatiliteit in de optie- en aandelenmarkten“.

Sociale media accounts gebruikt door leden van de Reddit-groep zijn gesloten of beperkt. Discord heeft woensdagavond de server van de groep verbannen, ogenschijnlijk wegens haatzaaien, en beweert dat het meerdere waarschuwingen heeft gegeven aan de serverbeheerder „in de afgelopen paar maanden,“ volgens een verslag van The Verge.

Het epicentrum van de groep – r/wallstreetbets – werd rond dezelfde tijd omgeschakeld van openbaar naar invite-only, hoewel een woordvoerder van Reddit CoinDesk vertelde dat het bedrijf niet het initiatief heeft genomen voor de wijziging van de instellingen. De moderators van de groep deden dat wel, zei de woordvoerder; de mods bevestigden dit later, en de subreddit werd teruggeschakeld naar een openbare instelling.

In de tussentijd werd snel een nieuwe openbare Wall Street Bets-branded subreddit opgezet, en een zelfbenoemde splintergroep werd gevormd op de Telegram-berichtendienst, waaruit blijkt dat de gemeenschap vastbesloten is om te reorganiseren, ongeacht de druk van buitenaf.

Investeerders in cryptocurrency maken gebruik van de gekte om te wijzen op een potentieel universeel gebruik voor handel en financiële diensten die niet kunnen worden beperkt of onderworpen aan soortgelijke hardhandige acties. Galaxy Digital (GLXY) CEO Mike Novogratz zei op Twitter dat de afleveringen van de WSB „een enorme steun“ zijn voor gedecentraliseerde financiën. Maar of deze malafide handelaars enige interesse zullen tonen in op blockchain gebaseerde producten blijft een open vraag.

Sijoittajat valitsevat Bitcoinin kullan sijaan, sanoo MicroStrategyin Michael Saylor

Kulta- ja Bitcoin-kannattajat todennäköisesti jatkavat riitaa keskenään, kun sekä kultakannattajat että Bitcoin-maksimalistit pitävät kiinni omasta ajattelukoulusta.

Että tulevaisuudessa sijoittajat valitsevat todennäköisemmin Bitcoinin

Äskettäin MicroStrategyin toimitusjohtaja Michael Saylor ennusti, että tulevaisuudessa sijoittajat valitsevat todennäköisemmin Bitcoinin keltaisen metallin sijaan.

Haastattelussa Nomad Capitalistin Andrew Hendersonin kanssa Saylor kehotti sijoittajia myymään kultaansa ja ostamaan sen sijaan Bitcoin Up. Hän väitti, että „kulta on kuollutta rahaa“ ja ennusti, että „muut ihmiset myyvät kultaansa“. Saylorin mukaan:

Jos odotat, kunnes kaikki hedge-rahastot ovat johtaneet sinua, kun he pudottavat kultaa, olet viimeinen henkilö. Luulen, että kulta demonetisoituu.

Saylor totesi, että kulta koostui nyt 10 biljoonan dollarin rahayksiköstä ja että vain keskuspankit haluaisivat hallita sitä. Samaan aikaan MicroStrategyin toimitusjohtaja uskoi, että „jokainen yksityinen järkevä toimija“ aikoo hylätä arvokkaan hyödykkeen Bitcoinille.

Toimitusjohtaja listasi joitain institutionaalisia sijoittajia Bitcoiniin, kuten Square, PayPal ja Harmaasävy, jotka hänen mukaansa „toimivat, koska ne kytkivät sijoitusrahastonsa Bitcoiniin“. Toisaalta Saylor uskoi, että ne, jotka juoksivat perinteisen fiatin päällä, „hakkivat“.

Yrityksiä sijoittamaan GameStopiin eikä Bitcoiniin

Äskettäin kultaedustaja Peter Schiff merkitsi Saylorin ja sanoi, että toimitusjohtajan tulisi kehottaa yrityksiä sijoittamaan GameStopiin eikä Bitcoiniin. Hän lisäsi:

Markkinat ovat puhuneet. GameStop on paljon parempi arvovarasto kuin Bitcoin. Loppujen lopuksi se on jo noussut yli 20 kertaa tähän mennessä vuonna 2021 verrattuna Bitcoinin heikkoon 5%: n voittoon. @michael_saylorin tulisi kehottaa yritysjohtajia liittämään taseet #GameStopiin #Bitcoinin sijaan.

Schiff jopa myönsi sarkasmin ja sanoi, että Bitcoin ei ole parempi varaston arvo kuin kulta yksinkertaisesti siksi, että sen hinta nousi enemmän.

Kriitikko sanoi jopa, että sijoittajat joutuisivat ns:

Bitcoin ei ole Ponzi-järjestelmä, pyramidijärjestelmä eikä ketjukirje, vaikka se sisältää elementtejä kaikista kolmesta. Se on todella kehittyneempi versio, joka on modernisoitu digitaaliaikaan. Oletan, että tulevaisuudessa vastaaviin järjestelmiin viitataan #Bitcoin-järjestelmänä.

Messarin perustaja Dan McArdlen mukaan argumentti näyttää kuitenkin suosivan Bitcoinia tällä hetkellä. Hän osoitti, kuinka Bitcoin ylitti kaiken viimeisen kymmenen vuoden aikana. Digitaalisen omaisuuden voitto viimeisen vuosikymmenen aikana oli 7 837 884%, kun taas kulta tuotti 32%: n voiton.

Bitcoin rate on the way to $ 200,000? Willy Woo polishes the glass ball

The Bitcoin course seems to be making itself comfortable at 35,000 US dollars and the other top 10 coins are now more spattered than plopped. On the other hand, Hodler of the Altcoins Enjin and Hedera Hashgraph (HBAR) can look forward to bullish news – including massive price increases. Crypto analyst Willy Woo is convinced that these will also be popular with Bitcoin in the long term.

The market update

The Bitcoin course continues to take a breather – after all, a parabolic rally can be quite exhausting. At press time, BTC is trading above $ 35,000 after failing to recapture $ 38,000 yesterday January 19. With a monthly plus of over 50 percent, the 30-day balance of the crypto key currency is still lush.

Where the journey for the Bitcoin course will ultimately take is a great one to speculate about. While a survey by Deutsche Bank among investors paints a bearish picture for 2021 – a large number of respondents assume that Bitcoin and tech stocks like Tesla will move in bubble territory – Bitcoin observers like Willy Woo are correcting their analyzes upwards. On Twitter, Woo increased his forecast for the Bitcoin price from USD 100,000 to USD 200,000. And relies on the top-cap analysis model.

Uh oh, $ 100k price targets too low

Upward movement detected in the top-cap model. Now on track for $ 200k minimum.

Woo made his experimental metric already in February 2019 before . In his top-cap model, he multiplies the average market capitalization of Bitcoin (since 2010) by 35 in order to determine maximum values ​​for the Bitcoin price. According to Woo, the metric has proven to be apt, at least in retrospect.

A brief history of the BTC tops since the Genius [sic] block. Earliest tops didn’t hit. Basically, that says that there was a perceived price for BTC before October 2009 when we first established a market price, we just don’t have any data on what it was.

Will Bitcoin be the next world reserve currency?

For Anthony Pompliano, the massive influx of users to Bitcoin will make cryptomoney the next world reserve currency.

For years, the international financial system has been totally dominated by the US dollar. It has become the world’s main reserve currency, as well as the preferred currency for international trade transactions. However, for crypto-influencers like Anthony Pompliano, Bitcoin will be the next world reserve currency. As he commented in today’s Tweet:

Decades ago 44 countries got together and decided the US dollar would be the global reserve currency.

Today tens of millions of citizens are getting together and deciding that Bitcoin will be the next global reserve currency.

Changpeng Zhao: Bitcoin Is Stronger After Its Fall

Bitcoin as a world reserve currency

Since its inception, Bitcoin has struggled to become a viable alternative to fiat money worldwide. Thus, in the original design created by Satoshi Nakamoto, BTC’s goal was to become a currency that could be used to make payments anywhere on the planet. Presenting a decentralized alternative to fiat currencies such as the US dollar.

However, for years the dominance of fiat has been unquestionable. It is impossible that crypto-currencies like Bitcoin could become defiant of the world order established around the dollar. This is starting to change recently, thanks to the increasing interest in Bitcoin, as well as the price of cryptomonics.

The price of Bitcoin could make it the next world reserve currency. Source: CoinDeskThe price of Bitcoin could make it the next world’s reserve currency.

Thus, today several crypto influencers are considering the possibility that Bitcoin could become the next world reserve currency. Especially if the adoption of the cryptomone continues to increase, and therefore its use becomes so common that even countries start to acquire BTC.

„Decades ago, 44 countries met and decided that the US dollar would be the world’s reserve currency. Today tens of millions of citizens have gathered and decided that Bitcoin will be the next world reserve currency.

Thus, Anthony Pompliano would be suggesting that the massive entry of people and companies into the Bitcoin market will necessarily lead to the establishment of cryptoactive as the world’s reserve currency. A development that, although possible, is yet to be seen.

Stellar grew by 200% thanks to partnership with Ukraine

The digest with the results of January 7 is prepared together with the guys from Moni. If speed is important for you, you can read the news online via our Telegram-channel. If you want to keep your hand on the pulse, subscribe to our email list and get the digests straight to your email.

That’s how much bitcoin miners are making now. Revenues have risen to $1.3 million per hour, or $33 million per day. The only time the cryptocurrency has been higher than that was five weeks into its existence during the market upturn at the end of 2017.

Elrond’s 100 Days of Hyper Growth!

Elrond (EGLD) announced #hypergrowth100 – „100 days of hypergrowth“ with updates, product launches, partnerships, upgrades, integrations, etc.

And here are some fresh announcements in one line

Elrond (EGLD) will use Runtime Verification to improve security standards

Also the EGLD token has been uploaded to 2 exchanges:

  • Gate — https://twitter.com/ElrondNetwork/status/1347139169198501888
  • FTX — https://twitter.com/FTX_Official/status/1347058683193159680

Stellar (XLM) trades at its highest level since mid-2018

The XLM token is up more than 200% in the last week. The main reason for XLM’s rise was most likely the Ukrainian government’s decision to use the Stellar blockchain. By the way, we were among the first to write about this news.

Bitcoin Standard Hashrate Token (BTCST) on Binance Launchpool!

Binance announced a new project on Binance Launchpool – Bitcoin Standard Hashrate Token (BTCST). A token backed by the Bitcoin network hashrate on Binance Smart Chain.

Pools:

  • BNB: 24,000 BTCST (60%)
  • BUSD: 4 000 BTCST (10%)
  • BTC: 12 000 BTCST (30%)

Farming period: 2021/01/08 03:00 AM (Moscow) (02:00 AM Kiev) – 2021/02/06 03:00 AM (Moscow) (02:00 Kiev).

You can register on Binance through our link and get maximum discount on trading commissions.

Happy New Year ! The wishes of the editorial staff

Dear readers,

The entire Journal du Coin team wishes you a happy new year 2021. May health and prosperity be yours for the coming New Year!

We would like to thank you for reading us so many and supporting us in 2020. We hope that the information we are providing is useful to you, and that our passion shows through. Our team is working to provide you with the highest quality content possible, and that will not change.

A happy result for the Journal du Coin

Le Journal du Coin in 2020, these are:

Over 2,100 articles published;
Over 8 million page views ;
42,200 subscribers and 155 videos posted on our YouTube channel ;
24,800 subscribers to our Twitter account and 13,300 to our Facebook page ;
14,200 members on our Facebook group ;

As for Coin Trading , more than 5,000 registered for the start-up course , 450 for the MasterClass and nearly 400 members for the private club !

The new version of our website has finally seen the light of day, and will be constantly improved . Thank you again for your positive and benevolent feedback.

We will continue to strengthen our ties with you during the coming year, as our Discord and Telegram chat channels have emerged. With over 1,500 members already on Discord , this first success is very encouraging. So don’t hesitate to subscribe to communicate with the Journal du Coin team and its community !

The adventure goes on

There is no doubt that 2021 will be a busy year for the cryptocurrency world. Indeed, the price of bitcoin is exploding, with a record at 28,422 dollars , and decentralized finance is attracting more and more newcomers.

The crypto-economy is thus proving to be a credible alternative to the traditional monetary and financial system. If you share this conviction with us, stay with us to explore this constantly expanding universe!

Soon, new spaces will be created on the Journal du Coin. Similarly, we will strengthen the section dedicated to beginners in the world of cryptocurrencies, as well as the quality of our audiovisual content . Finally, our media will keep its independence , and our team of editors its plurality of opinions.

Yearn Finance consumes Pickle without voting for governance

Yearn Finance took over Pickle Finance following a hack.

New strategies, returns and tokens will be available for farmers.

The PICKLE price rises and falls as YFI drops 9%.

The decentralized financial platform Yearn has absorbed the Pickle Finance protocol

The move follows a hack over the weekend that resulted in the loss of $ 20 million in stabkecoins, but the community had no say in the decision.

Yearn Finance has partnered with, or rather absorbed, Pickle Finance in an effort to increase rewards for bettors and pay off some of the victims of the flash loan attack that happened on November 21.

Yearn founder Andre Cronje’s announcement said this was done to reduce duplication of work and increase specialization. Pickle was cloned from Yearn Finance, which launched a “backscratcher” vault earlier this month, as its Jars are based on the old protocol v1 vaults.

Some argue that the takeover makes sense given that they share the same code. Yearn would be able to introduce new strategies for stablecoin yield farming that Pickle is offering.

What, no vote on governance?

Usually with major decisions for DeFi protocols there is a vote on governance, however, this is also often manipulated by whales which calls the whole premise into question.

A member of Yearn’s team, using the pseudonym „tracheopteryx.eth“ [@tracheopteryx], explained why a governance vote was not necessary.

The partnership will include the merger of Yearn’s v2 chests and Pickle Jars in addition to their Total Locked Value (TVL). Since creating a new vault is permissionless, there is apparently no need to vote on it.

Additionally, the rewards will come in the form of Pickle tokens and something called DILL, which can be locked in over time for better returns. They can also be used for the governance of these chests or “gauges” as they will be called. This does not affect YFI holders so, again, no voting is necessary.

The Pickle team will migrate to Yearn and a new token called PICKLE will be launched to track the losses from the recent Evil Jar exploit. These tokens will be distributed proportionally to the victims of the attack.

O PayPal permite que os clientes dos EUA comprem, vendam e armazenem bitcoin

O gigante processador de pagamentos online Paypal anunciou ontem que todos os „titulares de contas elegíveis nos Estados Unidos agora podem comprar, manter e vender criptomoedas diretamente com o PayPal“.

O gigante processador de pagamentos online Paypal anunciou que todos

O gigante processador de pagamentos online Paypal anunciou que todos os „titulares de contas elegíveis nos Estados Unidos agora podem comprar, manter e vender criptomoedas.“

O gigante do processador de pagamento online anunciou ontem que todos os “titulares de contas elegíveis do PayPal nos Estados Unidos agora podem comprar, manter e vender criptomoedas diretamente com o PayPal”. A atualização do extrato original diz que os usuários podem interagir com ativos digitais de seu aplicativo PayPal ou por meio de suas contas de desktop. No entanto, a comunidade criptográfica permanece dividida em sua opinião – se isso é realmente bom para o Bitcoin no longo prazo.

O PayPal ajudaria o bitcoin a alcançar a adoção dominante?

Várias pessoas acreditam que a jogada do PayPal é a forma como o Bitcoin finalmente alcançará o reconhecimento mainstream. Vários membros postaram capturas de tela de suas compras, dizendo que o PayPal criou uma interface muito amigável. O CEO da Binance, Changpeng Zhao, até parafraseou as palavras imortais de Neil Armstrong – “Um pequeno passo para o PayPal, um salto gigante para B …” Como Binance Coin ainda não está listado no PayPal, é seguro supor que ele se referia ao Bitcoin. No entanto, alguns alegaram que isso é na verdade uma tendência de baixa para o BTC, já que o PayPal não permitirá retiradas dos fundos. Além disso, muitos usuários também se preocupam com taxas potencialmente altas.

O preço do Bitcoin continua oscilando em torno de US $ 16.000

O preço do bitcoin atinge uma alta de quase três anos esta semana, quando ultrapassou o nível de $ 16.000 – o nível não visto desde janeiro de 2018. Com o PayPal, permitindo que os consumidores americanos comprem, vendam e armazenem bitcoin, o preço pode continuar subindo. No entanto, é importante notar que, embora os clientes americanos qualificados possam comprar ou vender ativos criptográficos, esse é todo o escopo do que eles podem fazer com as moedas a partir de agora. A página de termos e condições do PayPal diz que “no momento, você NÃO pode enviar Crypto Assets para familiares ou amigos, usar Crypto Assets para pagar mercadorias ou serviços ou retirar Crypto Assets de seu criptomoeda Hub para uma carteira de criptomoeda externa”.

31,5 mln $ Bitcoin Satoshi-Era może być na sprzedaż

Bitcoin z ery Satoshi został skonsolidowany w dwa portfele zbiorcze posiadające łącznie 2050 BTC o wartości 31,5 miliona dolarów.

Konsolidacja może być prekursorem sprzedaży tych sprzed dziesięcioleci monet na rynku

Masowa sprzedaż 2050 BTC i rosnące odpływy górników na giełdy mogą spowodować znaczny spadek ceny bitcoinów.

Chcieć wiedzieć więcej? Dołącz do naszej grupy Telegram i otrzymuj sygnały handlowe, bezpłatny kurs handlu i codzienną komunikację z fanami kryptowalut!

Trust Project to międzynarodowe konsorcjum organizacji informacyjnych budujących standardy przejrzystości.

Kilka skonsolidowanych masowych kwot Bitcoin Era o wartości 31,5 miliona dolarów, nietkniętych przez dziesięć lat, może wkrótce zostać sprzedanych na rynku w miarę kontynuacji obecnych wzrostów cen.

Ruchy BTC z ery Satoshi często przyciągają znaczną uwagę w przestrzeni kryptowalut. Zwykle koncentruje się na określeniu, czy monety są częścią skrytki wydobywanej przez twórcę Bitcoina według „ wzoru Patoshi ”.

2050 BTC wkrótce trafi na rynek?

Tweetując 9 listopada, analityk Bitcoin @murphsicles ujawnił konsolidację 1000 BTC (~ 15,5 miliona USD) z adresów, na których znajdują się nagrody blokowe sprzed dekady. Dane z blockchain.com pokazują zestawienie 50 BTC w nagrodach za monety z 20 różnych adresów.

Przed pierwszym halvingiem bitcoina w 2012 roku górnicy zarobili 50 BTC w nagrodę za pomyślne wydobycie bloku transakcji.

Jak widać na poniższym obrazku, podmiot odpowiedzialny za roll-up podzielił również 1000 BTC na natywne adresy bech32 SegWit.

Bitcoin w ruchu ery Satoshi?

Roll-up o 1000 BTC to drugi taki ruch w mniej niż tydzień. Wcześniej w listopadzie kolejna partia nagród z bazy monet z ery Satoshi z 21 adresów została również przeniesiona do skonsolidowanego skrytki o wartości 1050 BTC (~ 16 milionów USD).

Skarb 1050 BTC ma wyjątkową jakość adresu ze wzoru Patoshi. Równie istotny jest fakt, że ten sam adres pojawia się również w 1,1 mln dokumentów BTC Tulip Trust.

Rzeczywiście, rok 2020 był świadkiem wielu ruchów dużych kwot bitcoinów. Przestrzeń kryptowalut była pełna spekulacji, gdy ponad 1 miliard dolarów w BTC przeniosło się w noc wyborów w USA. Jak się okazało, Departament Sprawiedliwości Stanów Zjednoczonych (DoJ) objął 69 369 BTC przechowywanych w portfelu z powiązaniami z Silk Road.

Possible director of CVM highlights Bitcoin warmed up

The Federal Senate approved the name of the new possible director of CVM in Brazil.

CVM – Brazilian Securities Commission (Bitcoin, Criptomoedas, Investimentos, Pirâmides)
CVM – Brazilian Securities and Exchange Commission
Announcement

A possible new director of the CVM points out that Bitcoin is going through a very hot time in 2020 and the municipality is keeping an eye on it. The road to the appointment to the post still depends on a few steps.

To be a director at the Brazilian Securities Commission, a candidate is nominated to the Federal Senate. There, he must be approved by the Economic Affairs Commission (CAE).

After the approval in the CAE, he follows for debate in the Senate plenary, and must have a majority of votes. The vote to approve or not the name of the lawyer Alexandre Costa Rangel, according to the Senate Agency, will take place on Wednesday afternoon (21), at 16:00.

Announcement

In an interview with the Senate last Tuesday, Alexander commented on cryptomorphs.

In sabatina in the Federal Senate, possible new director of CVM highlights Bitcoin in good time in 2020
Bitcoin is a digital currency created in 2009, with its creator being unknown. Considered the first currency on the Internet, Bitcoin has grown exponentially in recent years.

Even so, as it is a currency independent of governments, Bitcoin is not regulated in many countries. In Brazil, for example, it is the Central Bank of Brazil that should regulate the Bitcoin, as it is considered a currency.

Even with the Central Bank being the expected regulator, some cases have even reached the CVM. This is because several companies in Brazil are offering investments related to the digital currency.

Of these businesses, several have unfortunately proved to be scams over time, using Bitcoin as an excuse to attract investors. In October, the CVM even promoted events about crypto currency to show more information about this market.

However, a new director of the CVM is to be chosen and is expected to hold the position for four years. The nominee is Alexandre Costa Rangel, a lawyer who already worked at CVM as a trainee between 2002 and 2004.

In his sabbatical at the Economic Affairs Commission, Alexandre was asked about Bitcoin. For him, in 2020 alone, Brazil recorded a 70% increase in investments in cryptoactives.

Senator who asked about cryptoactives for Alexandre is an advocate of blockchain in the public sector
The lawyer who may hold the position of director of CVM was asked about Bitcoin by Senator Izalci Lucas (PSDB-DF). According to the Senate Agency, Izalci questioned Alexandre about the cyber risks related to cryptomorons, such as Bitcoin.

„Cryptoactives go through a heated moment, in 2020 alone we had an increase of about 70% in these investments. It is still an initial form [in Brazil], but the CVM has looked very carefully at these cores of responsibility and reinforced the duty of diligence imposed on these Brazilian service providers authorized to operate. There is a control historically very well exercised“, informed the Senate Agency about Alexandre’s response.

By informing that Bitcoin is going through a heated moment, Alexandre made clear the CVM’s position on the subject. The municipality, although not responsible for regulating the sector, is keeping an eye on the matter.

It is worth highlighting that Senator Izalci is an advocate of the use of blockchain in the Brazilian public sector. In addition, he recently presented a bill on cyber security, i.e., he understands the issue.

Finally, a bill increases penalty for blows with Bitcoin and financial pyramids was proposed in August 2020. On that occasion, Senator Soraya Thronicke (PSL/MS) proposed that the regulation of cryptomorphs be dealt with urgently in the legislation. It is clear that the Senate has an interest in regulating Bitcoin and is monitoring the case.