Bitcoin whales have just moved 80,000 BTC – analyst warns caution

Bitcoin is about to re-test its 2020 highs, while the bulls try to take the reins and lead the asset to further success.
The selling pressure at $13,200 has made it difficult to gain any serious momentum in the near future, but once broken it could move towards $14,000.
Despite the obvious bullishness at the moment, there are some bearish signs that a sell-off is imminent.
One analyst suggests that it could be a potentially bearish sign that large holders are moving 80,000 BTC.
He also notes that some other indicators also suggest that Bitcoin’s upward trend is increasingly overheated.

Bitcoin and the aggregated crypto market have Profit Secret been affected by an intense bull trend in recent days.

BTC has recovered from its consolidation range in the mid $11,000 range to highs of $13,200, which were set just a few days ago.

BTC is now testing these highs again, which could indicate that further rallies are imminent in the near future.

There are, however, some signs of declines, including massive BTC transfers to the exchanges and some divergences in the chain, which favour sellers.

One analyst concludes that these signs suggest that the recovery of Bitcoin is overheating.

Bitcoin is moving towards testing the highs of 2020
At the time of writing, Bitcoin is traded at the price of US$13,005. Although there is some resistance here, it weakens at this level with each visit by BTC.

If the Coin is able to go beyond this level in the near future, it is likely to trigger a massive buying frenzy that will push its price up.

Analyst: These factors cause problems for the short-term BTC trend
One trader has recently observed a massive movement of 80,000 Bitcoins, noting that this could be a somewhat bearish sign, as it may indicate an imminent influx of selling pressure. The trader with reference to the Whale Map chart below:

„I don’t really like the fact that Hodler is moving 80,000 Bitcoins

Picture courtesy of the Byzantine General.
He also points out, as bear-friendly signs that this rally may have overheated, the Bitcoin premiums entering the over-bought territory and a high proportion of whales entering trading.

BTC se esforça para ganhar impulso substancial como Bears Guard $ 13K

O BTC viu um período inspirador de ação de preços nas últimas 48 horas. A primeira criptografia do mundo atingiu uma nova alta de US $ 13.250 antes de enfrentar alguma rejeição que empurrou os preços de volta para a região de US $ 12.000.

O preço do BTC desde então flutuou abaixo do nível de resistência de $ 13 mil, subindo e caindo algumas centenas de dólares conforme os investidores avaliam a direção que os mercados de BTC tomarão nas próximas horas

Até o momento, BTCUSD caiu 1%, para negociação a $ 12.790. O ímpeto da moeda-rei aparentemente estagnou um pouco após a rejeição perto de $ 13.200 . No entanto, muitos comerciantes esperam que os touros do Immediate Edge recuperem em breve US $ 13 mil.

Explicando a importância psicológica do nível de $ 13, um crypto trader e analista comparou a alta atual com o que foi visto em meados de 2019, quando o BTC começou seu pico.

“O preço do BTC teletransportou de $ 12.000 a $ 13.000 para $ 14.000, chocando a maioria dos investidores e levando alguns a pensar que uma corrida de touros em plena expansão era iminente. Mas o Bitcoin rejeitou US $ 14.000, depois US $ 13.000 mais tarde naquele verão, em confirmação da importância técnica daquela região ”, explicou o trader via Twitter.

O BTC está prestes a subir nos próximos dias, alimentado por um impulso contínuo de estímulo fiscal e o zumbido contínuo sobre a entrada do Paypal na criptoesfera .

Bitcoin pode enfrentar uma leve venda

O preço do BTC expressou uma força tremenda ao longo dos últimos dias, marcado por uma tendência de alta implacável que viu o ativo superar vários níveis de resistência.

De acordo com Ki Young, o CEO da empresa de análise CryptoQuant, a criptografia carro-chefe pode em breve sofrer uma ligeira queda devido ao aumento da pressão de venda à vista de grandes detentores de BTC.

O CEO observou por meio de um tweet que os fluxos de câmbio das baleias estão disparando, indicando que elas estão se preparando para vender suas posições. Ele concluiu que uma pequena venda pode estar chegando, mas ele espera que o mercado em alta continue devido ao câmbio baixo proporção de baleias.

Wall St driver PayPal helt op til Bitcoin-nyheder

Mainstream-investorer kunne tilsyneladende lide virksomhedens tur mod krypto.

PayPal (PYPL) nåede $ 215,87 den 21. oktober, et par dollars forbi sin tidligere all-time high på $ 212,38, der blev sat den 2. september 2020 ifølge data fra TradingView

Denne prishandling kom kort efter, at betalingsselskabet meddelte, at det snart ville inkludere kryptoaktiver på sin platform. PayPal planlægger at integrere Bitcoin ( BTC ), Etheruem ( ETH ), Litecoin ( LTC ) og Bitcoin Cash ( BCH ) tilbud i deres netværk i 2021.

Åbning af handelsdagen på $ 206,20 steg PayPal hurtigt forbi sin all-time high, men bare knap nok – hvilket bryder niveauet med omkring $ 0,14. Aktivet faldt derefter lavere, før det overbeviste det forrige højdepunkt og steg forbi $ 215.

Bitcoin har også høstet fordelene ved PayPals nyheder og nåede kortvarigt $ 12.900 – en prisstigning på $ 1.000 over 24 timer. Prisen er faldet tilbage til $ 12.750 på offentliggørelsestidspunktet

Ikke alle er dog imponeret. Crypto-analytiker PlanB beskrev nyheden som antiklimaktisk i en tweet og bemærkede, at kunderne ikke vil være i stand til at transportere deres digitale aktiver fra PayPal, baseret på en FAQ-side på virksomhedens websted. „I øjeblikket kan du kun holde den kryptovaluta, du køber på PayPal, på din konto,“ siger siden. „Derudover kan kryptovalutaen på din konto ikke overføres til andre konti på eller uden for PayPal.“

PlanB genovervejede sin stemning i en opfølgende tweet og noterede sig Bitcoins prishandling som reaktion på udviklingen såvel som den potentielle almindelige kryptoadgang, PayPal muligvis tilføjer.

PlanB er kendt omkring kryptoindustrien for sin stock-to-flow-model, der forudsiger, at Bitcoins pris kan stige over $ 100.000 pr. Mønt.

Número da sorte 7? Bitcoin Bulls Defendem $10.000 Suporte Uma Semana Reto

O preço do Bitcoin Up caiu mais de $2.000 de sua alta de 2020 e está atualmente lutando para manter o apoio acima de $10.000. Ou o contrário, e os touros têm defendido corajosamente o nível de apoio chave nos períodos de tempo diários?

O zoom mostra mais um novo teste crítico em andamento, e que pode durar potencialmente todo o mês de setembro – um mês que historicamente tem sido vermelho para a moeda criptográfica.

Bitcoin Bulls defendem suporte a US$ 10.000 por sete dias seguidos

Não é fácil distinguir a ação dos preços, mas os touros podem estar ganhando a guerra, apesar da batalha parecer sombria atualmente. A tomada de lucros potenciais e o reequilíbrio da carteira podem ter desencadeado uma venda no espaço criptográfico.

Também pode ser o retorno do pânico em todos os mercados devido à bolha da bolsa de valores estar pronta para estourar antes das próximas eleições.

Seja qual for o motivo, a ganância se transformou em medo em um piscar de olhos com um mergulho de mais de $2.000 da alta de mais de $12.000 para menos de $10.000 em 2020.

No passado, cada vez que o preço do Bitcoin ultrapassava o nível de resistência crucial, os investidores criptográficos afirmavam que nunca mais negociariam abaixo dele. E após a defesa por touros durante a última semana, desta vez é possivelmente verdade.

Apesar das repetidas tentativas de quebrar abaixo de US$ 10.000, a venda tem sido incapaz até agora de penetrar e fechar abaixo do suporte. Apenas pavios foram deixados para trás, e eles começaram a ter uma sinalização mais curta e mais baixa nos períodos de tempo diários.

Com o sétimo dia atualmente em andamento, será hoje o dia de sorte para os touros quando a pressão de venda em baixa cede?

Resistência Mensal do Mercado de Ursos Cripto Bloco de Resistência em Progresso

A tentativa de empurrar os preços abaixo de US$ 10.000 não é provável, de acordo com o mesmo gráfico de preços Bitcoin quando se faz zoom out nos prazos mensais. Junto com um reteste em alta que ocorre em períodos de tempo diários, o ativo criptográfico também está retesando um bloco de resistência anteriormente em baixa como suporte da resistência.

Se confirmado, o Bitcoin não só confirmará o suporte horizontal a $10.000 como suporte, mas também confirmará a quebra da linha de tendência para baixo no topo do triângulo simétrico multianual. Mas pode levar um mês inteiro ou mais para confirmar uma linha de suporte tão crítica.

Simplificando, a alta reteste atualmente em andamento e a defesa de $10.000 muito bem poderia ser a última vez que a moeda criptográfica negocia abaixo de cinco dígitos novamente. Também poderia ser o sinal final de que a nova tendência de alta do ativo começou, e um poderoso aumento poderia ser o próximo.

O FOMO que poderia ocorrer com a Bitcoin tendo confirmado uma resistência de $10.000 como suporte pode causar uma quebra acima de seu próximo nível chave de resistência de $13.800. Além disso, o próximo alvo lógico é um reteste do antigo patrimônio de todos os tempos, e além disso, novos registros são possíveis.

Tudo depende da sorte que a sétima defesa diária por touros acaba sendo. Perder US$ 10.000 em prazos diários não significa, no entanto, que tudo esteja perdido. Mas um fechamento mensal dentro da linha de tendência triangular pode ser desastroso para o mercado criptográfico, já que falsas rupturas freqüentemente levam a uma quebra na direção oposta – o que pode significar novos mínimos para Bitcoin.

O mês de setembro tem sido historicamente um mês vermelho para a Bitcoin sete dos últimos dez anos de sua existência, e ela está trabalhando em suas oito velas vermelhas agora. Será que o reteste durará o mês inteiro e, mais importante ainda, os touros podem resistir a tanta dor?

MONI expands its digital wallet in Latin America with the start of operations in Colombia

MONI expands its operations in Colombia’s fintech sector to encourage the innovation of business models under the „Chain of Blocks“.

The Argentinean digital blockchain „MONI“, announced its expansion throughout Latin America by starting operations in the Colombian fintech market, with the aim of attracting clients among a large number of people from the under-banked segments of the population in that country, and promoting the innovation of business models under the „Block Chain“, as announced by the digital newspaper iProup in its publication.

Fintech Argentina announced the start of operations in Colombia, where the company already offers its line of 100×100 online loans for amounts between 100,000 and 1,000,000 Colombian pesos.

The disruptive technology of the „Block Chain“, allows the execution of multiple applications for all citizens. In addition to providing financial services, it prevents tax fraud and reduces waste. Optimizing processes and offering a more secure and efficient exchange of your digital assets. MONI is expanding its operations in the vibrant Fintech market in Colombia to offer a new democratising option under this technology, which allows access to digital financial services to a large number of people from under-banked segments of the population in the country.

The Digital Financial Service & COVID-19

The current global situation caused by the pandemic and the mandatory preventive isolation have activated in an accelerated way, the adoption of different digital payments and consequently a greater use of virtual wallets, to be able to access all types of digital financial services at a global level. This is what Juan Pablo Bruzzo, MONI’s CEO, says:

„The pandemic has accelerated the adoption of digital financial tools exponentially, boosting the use of virtual wallets, in a trend that under normal conditions would have taken several years to become consolidated, and this generates new opportunities for players in the fintech world. Throughout these first months of operation, we have learned to understand the financial needs of Colombians, which will allow us to develop and expand our product portfolio tailored to their needs.“

The article details that the company’s initiative is taking place within a framework of expansion that the company completed in 2019.

With a new round of investment of US$4.5 million, and the consolidation of a relationship with shareholders and institutional investors of great global importance, such as the International Finance Corporation (IFC), an important international development institution dedicated to the private sector in emerging markets, and BID Invest, a private sector institution of the Inter-American Development Bank (IDB) Group, to whom MONI is added as a partner, MONI is positioned as the only Argentinean Fintech company that has managed to incorporate IFC and BID Invest as strategic investors and shareholders.

On the other hand, it is also mentioned that the investments received will allow the company to expand its credit portfolio and extend its innovative service offering, especially among the under-banked segments. Currently, it provides money credits, service payments and purchase payments through its digital platform in Argentina and Mexico.

Crossing Borders

In the same context, the Fintech Argentina Ualá recently announced its arrival in Mexico.

Fintech, founded by the entrepreneur Piepaolo Barbieri in 2017, and Marcelo Claure, CEO of the Japanese-based investment fund SoftBank, which became the main partner since November last year after a strong capital contribution, expanded its operations in Mexico. A country of 128 million people where only 47% of the people have bank accounts. Ualá offers a free app linked to a Mastercard in that region.

Fintech already has a local team in the Aztec country and 25 new vacancies will be opened during the rest of the year. Ualá also attracted investments from the Chinese fund Tencent and the multi-millionaire George Soros.

„We are proud to be part of the technological transformation of money and to lead an evolution that will change the way people see and understand their personal finances,“ said Pierpaolo Barbieri.

About MONI

MONI is an innovative company that provides digital financial services in Argentina and Colombia, through its virtual wallet, with a business focus on the democratization of financial access to banked individuals. Its greatest goodness is that it allows the common citizen to use technology to solve their daily financial needs through their digital wallet.

Founded by the entrepreneurs Alejandro Estrada and Juan Pablo Bruzzo. The company currently has shareholders and institutional investors of global relevance, including the International Finance Corporation (IFC), an institution of the World Bank Group, the IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, Nxtp.Labs, the entrepreneurial capital fund, together with Alec Oxenford, Fabrice Grinda and other pioneering entrepreneurs of the entrepreneurial ecosystem.

The digital financial services company was one of the pioneers in offering its customers the financial tool of the prepaid Mastercard, allowing them to access its financial services and consumer credit, and in turn, build their credit history at the Central Bank; since MONI, is registered as a non-financial provider and regularly reports the behavior of its customer portfolio to the bases of the Central Bank of the Republic of Argentina (BCRA).

Digital Wallets in Argentina

The growth of virtual wallets has been exponential and unexpected. Social isolation has caused this quite significant push in the digital financial scenario.

According to a survey carried out by Fintech’s Argentine Chamber, their use by the public has multiplied by between 120 and 800%, depending on the case. According to the survey, virtual wallets currently have 6.5 million active users throughout the country. This is one user for every two economically active people (currently the economically active population is 13.5 million). According to Sensor Tower, the ranking of the most popular ones in Google Play are Mercado Pago, DNI account, of the Province, Ualá, Naranja X and BNA+. Among the wallets that are on the rise in the country are: TodoPago, MONI, CAMEPagos and Yacaré.

Silkroad fell 7 years ago – The end of an era for Bitcoin

Silk Road, the forerunner of virtual traffickers – For many years, the darknet black market, Silk Road, was a big part of the development of Bitcoin Revolution. This allowed the purchase of contraband products via the Tor network, completely anonymously. Its founder, Ross William Ulbricht, was arrested and sentenced to life imprisonment in August 2014. The man was convicted of 7 counts, including money laundering and drug trafficking.

Silkroad, a new socio-economic experience

The main offer was to guarantee anonymity to its users, so that they could buy and sell all types of products. They simply had to connect to the decentralized Tor network , which did not depend on the classic web (Google,…). The website acted as an intermediary between buyers and sellers.

Like the Silk Road which linked Asia and Europe, Silk Road was a commercial place as rich as it was developed . In particular, it was possible to buy books, works of art and (of course) various drugs and medicines. The platform nevertheless imposed strict rules : services and products linked to violence (weapons, chemicals, etc.) were totally prohibited .

Above all, the platform seduced by its operation . The latter notably ensured the seriousness of the sellers and created a certain climate of trust within the site. Each transaction was carried out in bitcoins to guarantee the anonymity of each.

In 2 years of existence, the site would have generated no less than 1.2 billion dollars through 1.5 million transactions administered by a small team of developers, including Ross William Ulbricht. When arrested, the 29-year-old had $ 3.6 million in his bank account.

Bitcoin and drugs

The fall of Silk Road was a real “stress test” for Bitcoin. At the time, the illegal platform accounted for 4-9% of cryptocurrency transactions worldwide, with a price set at $ 130 . When the site closed by the FBI, the price fell by about 20% before gradually rising.

This fluctuation would have been caused by the thousands of sell orders , emanating from Silk Road users. The idea then was to determine whether Bitcoin technology was based solely on a flow of illicit transactions or if the value of the latter was very real . With a capitalization of $ 171 billion in 2020, it looks like the markets have answered this question.

The sale of drugs and illicit goods has come a long way since the closure of Silk Road. Forget about “decentralized networks” and “cryptocurrency” payments ! It is now on Snapchat or Instagram that the dealers operate.

According to a report published by DM For Details , 24% of young people have seen narcotics offered for sale publicly on social networks. The latter indeed offer new perspectives to traffickers: seductive photos, contests, promotions, etc.

The creative potential seems to be limitless. These platforms are mainly used by young people , which also offers a sizeable market. Note, however, that although Silk Road is closed today, there are a whole bunch of equivalents on the Darknet.

Abkhazia Lifts Twee-jarig verbod op Bitcoin Mining, verhuist naar Regulering van de Sector

Abchazië, het zelfbestuurde maar betwiste gebied van slechts 245.000 mensen dat tussen Rusland en Georgië is ingeklemd, heeft zijn tweejarige verbod op de winning van cryptocurrency opgeheven. Het verbod werd van kracht in december 2018, nadat een golf van mijnbouwactiviteiten de regio met een energiecrisis had opgezadeld.

Nu is de regering bezig om de industrie te reguleren in een poging om illegale mijnwerkers door te spoelen en om de hoeveelheid elektriciteit die wordt gebruikt voor de winning van Bitcoin Code onder controle te houden. Volgens de officiële website van Abkhazia’s kabinet zal het nieuwe plan regelgeving door het ministerie van Economie en een twee maanden durend moratorium op de invoer van crypto-mijnbouwapparatuur omvatten.

Het is interessant om op te merken dat terwijl de mijnbouw verboden was, de invoer van crypto-mijnbouwapparatuur in Abchazië dat niet was. Een hooggeplaatste douanebeambte onthulde dat er tussen januari en juli van dit jaar ongeveer 600.000 dollar aan mijnbouwapparatuur werd geïmporteerd in het gebied. Dit betekent dat de mijnbouwactiviteiten onder het verbod bleven floreren.

In de komende 60 dagen zal het Ministerie van Economische Zaken een wettelijk en regelgevend kader voor de crypto-mijnbouw ontwikkelen, met inbegrip van een kantoor voor het verzamelen en analyseren van statistieken en het verstrekken van vergunningen. Het staatsbedrijf „Chernomoenergo“ moet de hoeveelheid elektriciteit bepalen die door de mijnwerkers wordt gebruikt, inclusief de prijzen.

De elektriciteitsprijzen in Abchazië zijn in vergelijking met de meeste landen goedkoper. Consumenten betalen het equivalent van 0,05 dollar per kilowattuur elektriciteit, iets wat een enorm aantal mijnwerkers naar de regio heeft doen trekken, ooit een toeristische trekpleister voor de conflicten in Rusland, Georgië en Abchazië zelf over zelfbestuur. Georgië beweert de controle over het land te hebben.

„Deze Tijdelijke Procedure voor de Regulering van de Mijnbouw van Cryptocurrency stelt wettelijke en organisatorische en technische regels vast voor de uitvoering van de mijnbouwactiviteiten in Cryptocurrency op het grondgebied van de Republiek Abchazië, die algemeen bindend zijn“, aldus de regering op haar website.

De schaduweconomie van de bitmijnbouw werd zo groot dat het elektriciteitsnet in september opnieuw in de buurt kwam van een storing. Om een totale ineenstorting van de energievoorziening te voorkomen, besloot de regering van Abchazië dat het beter zou zijn om de mijnbouw te legaliseren en te reguleren, aldus de rapporten. Het is niet duidelijk hoeveel elektriciteit de crypto-mijnbouw verbruikt.

Bitcoin (BTC) Hash Rate Spikes to New All-Time High di 133,7 EH/s

Yuri Molchan
Il tasso di hashish di Bitcoin Era ha raggiunto un altro massimo storico, dopo il precedente massimo storico di agosto circa alla stessa ora, il che significa che la rete BTC rimane forte
Bitcoin (BTC) Hash Rate Spikes to New All-Time High di 133,7 EH/s
Immagine di copertina su stock.adobe.com

Contenuti
Il tasso di hashish Bitcoin sale a un nuovo ATH
BTC numero di portafogli non zero colpisce ATH
Il co-fondatore di Blockchain.com, Nicolas Cary, ha condiviso uno screenshot del valore attuale del tasso di hashish Bitcoin: è salito a un nuovo massimo storico di 133,7 EH/s.

Nel frattempo, anche il numero di indirizzi non zero di BTC ha raggiunto un nuovo valore di ATH.

BTC

Il tasso di hashish Bitcoin sale a un nuovo ATH
Secondo i dati di Blockchain.com, il tasso di hashish di BTC ha raggiunto il massimo storico di 133,7 milioni di terahashes al secondo, dopo un calo a 122,194 milioni di TH/s il 6 settembre.

L’aumento dopo questo calo si è verificato nonostante il fatto che, il primo settembre, il tasso di cambio Bitcoin è sceso dal picco di 12.040 dollari e ha colpito l’area di 11.400 dollari, dopo di che ha continuato a scendere – ogni volta scendendo sotto i 10.000 dollari per un breve periodo e riemergendo sopra di esso ancora una volta.

Sembra che il calo da sopra i 12.000 dollari abbia fatto uscire dall’attività alcuni piccoli minatori, anche se il calo non è stato così brusco, e poi ne sono arrivati subito di nuovi.

L’attuale aumento del tasso di hashish Bitcoin è indicativo del rafforzamento della rete Bitcoin.

Quest’anno si sono verificati diversi eventi che fanno prevedere ai minatori l’apprezzamento dei Bitcoin a breve termine.

Questi sono stati i premi ai minatori tagliati l’11 maggio e la continua stampa di contante da parte della Federal Reserve statunitense e delle banche centrali di Europa e Giappone. Quest’ultima è stata una risposta ai danni arrecati all’economia dalla pandemia COVID-19 e dal periodo di blocco che l’ha seguita all’inizio di quest’anno.

Bitcoin Hashrate ha raggiunto un nuovo record: ecco perché è ottimista
BTC numero di portafogli non zero colpisce ATH
La società di analisi Glassnode ha condiviso altre buone notizie per la rete Bitcoin. Secondo un recente tweet, il numero di portafogli BTC non zero è salito a un nuovo massimo storico e ha raggiunto i 31.295.670.

Il precedente ATH, come da tweet, è stato visto il 5 settembre e ha totalizzato 31.288.184.

Tuttavia, il numero di portafogli con 10+ BTC è sceso a un minimo di otto mesi. Il numero di questi portafogli è ora pari a 152.799.

Another crypto for DeFi – Pickle launches its new governance token

One more for DeFi – After SUSHI, HOTDOG and YAM, here is Pickle Finance and its PICKLE token. This new protocol aims to take advantage of farming to make stablecoins more stable.

The culinary challenge

The phenomenon is nothing new. Creating a protocol using the name of a food or dish is starting to become commonplace in the DeFi industry.

This time, the pickle is in the spotlight with the Pickle Finance protocol . This project is presented as an “ experience of using farming to keep the value of stablecoins close to their index” .

To do this, Pickle.finance offers to reward the liquidity providers of the Uniswap pools with its Ethereum Code token (in the same way as SushiSwap when it was launched). However, this is distributed based on the value of the stablecoins in each pool. Thus, pools whose stablecoin has a lower value than the index will receive more rewards at the expense of others.

For example, if the DAI is worth $ 0.98 and the USDC and USDT are worth $ 1.02, the DAI / ETH pool will receive more PICKLE tokens than the USDC and USDT pools.

The aim is to get users to sell stablecoins with a higher value to buy those with a lower value, which will have the effect of bringing the values ​​of the two assets closer to their index value, namely 1 dollar. .

For the moment, the platform is active on four Uniswap pools: ETH / DAI, ETH / USDC, ETH / USDT and ETH / sUSD.

In addition, the protocol offers Pickle.swap a simple and efficient way to change its position from one pool to another.

Distribution and price explosion

The creator of the protocol made the choice to opt for a fair distribution , without pre-mine, ICO or private investors.

Thus, tokens will be created and distributed to each block of Ethereum . The number of tokens distributed will start at 10 PIKCLE per block and then decrease weekly for the first month. Thereafter, the figure will be reduced to 1 PIKCLE per block.

The aim of this distribution is to „reward the early adopters of the protocol“ , as the announcement explains . Note also that 2% of all PICKLE distributions will go to a fund intended to finance the development of the protocol .

As often, during the launch of a new DeFi token, the price of PICKLE exploded until reaching 85 dollars , 3 days after its launch. Unfortunately, this trend has not persisted and price has since slumped to $ 26 at the time of writing, according to data compiled by Coingecko.

Unlike a lot of DeFi tokens of this genre, the PICKLE does seem to bring something more. Indeed, this one has a well-defined objective which is to restore the value of stablecoins. A desire that changes from the simple multiplication of governance tokens.

Now you can pay for services with Bitcoin on beaches in South Korea

The use of crypto-currency as a method of payment varies greatly from country to country, and also from crypto-currency to crypto-currency. So far, their most popular use is as an investment asset or store of value. But, in South Korea, things are moving in a different direction, since they can now use Bitcoin to pay for services on a beach in Busan.

South Korean university agrees to use Blockchain and IA technology

South Korea will accept Bitcoin payments on some Busan beaches
A pilot project was recently unveiled in the Haeundae Beach system in Busan. It will be run by CIC Enterprise to promote and offer payment solutions with cryptomoney on two famous beaches, especially in summer.

This company is affiliated with Bitbeat to carry out this project. In addition, the alliance will work with the Innotech card. In this way, you can now enjoy the common services of a beach by paying with cryptomoney.

Whether it is life jackets, renting umbrellas, water sports, a wide variety of services that you can now pay for with crypto currencies such as BTC, ETH and WAY ERC20. No wonder this has happened in South Korea, considering that this is one of the countries that has most integrated technology into its daily activities. For the same reason, these payments with crypto-currencies can be made through smart phones and QR codes.

10 ways to earn money with Bitcoin

What advantages does this new system offer?
At first sight, if we think about the tourists we will see that this makes things much easier for them. According to Bitbeat, these payments could be processed in less than 10 seconds by relying on the use of QR codes for any wallet in the world.

However, this doesn’t stop at Haeundae. Another beach in Songjeong is also running a similar pilot program to promote payment for services with crypto-currency. As if that were not enough, a public-private consortium in Busan also announced in June its intention to build a medical tourism platform driven by Blockchain. So far, not many details are known about this, but it is known that the initiative will be led by Busan Bank.

With all this, South Korea serves as an example for many countries in the Asian region and the world in general. Thus, this country shows that it is committed to Ethereum Code and innovation and that it will gradually continue to exercise leadership in each sector it decides to undertake. If you don’t believe us, just look at what they do in the entertainment industry.