China: what the new Blockchain Association means for Bitcoin
Last week began with a message from “Middle Kingdom”.China, it has been announced, now has a blockchain association.Under the title “Blockchain Services Network”, Chinese industry players, including telecom providers and financial service providers, want to discover the benefits of blockchain.By the way, the Bitcoin narrative is absurdly led by the way.While Satoshi Nakamoto’s project is primarily designed to provide a payment system without barriers or institutions, the blockchain in China is turning into an all-encompassing data octopus.In short, China continues to expand its surveillance network with blockchain technology.
However, the regime still criticizes Bitcoin.”Mouse trap”: the boss of the Russian central bank warns against Bitcoin
Meanwhile, the Russian central bank is just as critical.The head of the central bank, Elwira Nabiullina, has not hesitated to report the dangers of Bitcoin.In addition, she mentioned an old popular wisdom:
But there is a worldly wisdom that there is only free cheese in a mousetrap.
Easy money is quickly lost.Therefore, it is also your choice, here the state does not protect your investments in crypto-currencies; unlike investments in banks in an organized market.
It is doubtful that unconditional Bitcoiner could be deterred.The Hodl Principle: Most Bitcoiners Do not Sell
After all, much of Bitcoiner still relies on its supply.Whether by foresight, ignorance, simple calculation or unlimited optimism: HODL is still the number one cryptoversum slogan.The art of sitting on one’s BTC without selling it emotionally and speculating on profits always seems to be the preferred trading strategy.Because: About 60% of the bitcoins in circulation have not been moved in the last twelve months.
But there may be other reasons for this: after all, there are an unknown number of unsaved pieces (forever).Not your keys, not your rooms Greetings!) Are considered lost.Germany, Bitcoin Mecca 2020? The situation on Wednesday
He has meanwhile made the round: banks are allowed to keep cryptocurrencies next year.The background: the Federal Council welcomed a corresponding proposal from the Finance Committee for cryptoconservation.As of 1 January 2020, the existing separation rule for the storage of cryptographic and conventional assets should be a thing of the past.The Federal Financial Supervisory Authority (BaFin) may already ask – companies wishing to keep Bitcoin can now inform the authority.Optimists are satisfied with Germany as a cryptographic paradise and look forward to great adaptation.The reality, of course, is different: we asked the German banks for their encryption plans.
They only responded hesitantly, if at all.Denmark: Nordea Bank could ban employees from Bitcoin investments
Meanwhile, there is less progress in Denmark.Here, a court ruled that the Danish bank Nordea is allowed to prohibit its employees from investing in cryptocurrencies.A Danish union had filed a lawsuit because Nordea had already issued the ban.However, the court saw significant risks in Bitcoin investments, especially in money laundering.Any investment could hurt the reputation of employees.What happened?
On December 2, we received a report that the Vertcoin cryptocurrency (VTC) was again the victim of a 51% attack.In the meantime, we examined the IOTA ecosystem and its future prospects.
Meanwhile, the Chinese company OneConnect had launched its IPO in the United States of America.In adaptation issues, AIDS screening tests found their way into the blockchain, while bank giants began to introduce general led book technology to the German stock market.Related.
