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Enjin Coin Review: Putting Gaming On The Blockchain

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Enjin is a project has been growing at a rapid pace. This gaming community supports over 300,000 gaming communities, with 19 million registered gamers.

Since 2009 Enjin has enabled gamers to create websites for clans and guilds, create forums, add wikis, chat groups, and much more. And in 2017 they held an ICO in order to bring their technology onto the blockchain – as well as adding innovative new features.

However, is the Enjin Coin still worth considering?

In this Enjin review I will attempt to answer that by taking an in-depth look. I will also analyse the long term adoption potential and use cases of the ENJ token.

What is Enjin Coin?

Enjin is an ERC-20 token built on the Ethereum network. That means that the project not only brings the benefit of the blockchain to gaming, but also the benefits of smart contracts.

What is Enjin Coin
Use Cases for the Enjin Platform

One huge benefit being promoted by Enjin is that by bringing gaming onto the blockchain they will be able to help gamers avoid the extremely high levels of fraud prevalent in the transfer of virtual goods.

Enjin has also broken ground on a few firsts within the Ethereum ecosystem. For example, it has become one of the first projects to test the capabilities of Ethereum’s Raiden Network, and once that goes live it should be able to handle millions of transactions.

The Enjin team has plans for dozens of features through its public SDKs and APIs, but in the spirit of brevity I’m only going to be touching on the major features in this article.

Enjin Virtual Goods

The biggest value Enjin is hoping to bring to the gaming community with its token is in the area of virtual goods. Using the included tools, developers can create coins specific to their own community, and these coins will be backed by the Enjin Coin. This adds the benefits of the blockchain, while retaining the branding and feel of the respective platforms.

The fact that items will be recorded on a single registry smart contract means any items added to the blockchain will be recognized by every Enjin wallet. This will interconnect the entire ecosystem, allowing for assets to be transferred anywhere on the platform.

This could become especially important as new games are developed specifically for the blockchain, giving developers the ability to create single assets that work in multiple games.

Enjin ERC-1155 Support

Not only does Enjin have full support for ERC-1155 assets. Its EnjinX blockchain explorer was the first to give users access to the universe of these assets. Users can now do all of the following:

  • Browse the world of ERC-1155 blockchain assets and collectibles
  • Search for assets and collections by name, address, and token ID
  • Verify token ownership, rarity, provenance, and authenticity
  • View melts, mints, transfers, and hodlers

Basically, this is a universal catalog to all of the in-game items across the entire Enjin multiverse. That means gamers can now easily browse gaming items and see when they were created, who made them, who owns them, what they do, and how to acquire them.

The immutable transparency of the blockchain has been brought to the gaming world.

Enjin Smart Wallet

Everything I’ve discussed so far is brought together in the Enjin Smart Wallet. The Smart Wallet supports Bitcoin, Ethereum, Litecoin, Enjin Coin, and all the ERC-20 coins. More importantly, it also supports all your virtual items from every Trusted Platform you add, and synchs effortlessly to your Ethereum address. That includes ERC-721 and ERC-1155 items.

Within the wallet you’ll be able to trade coins and virtual game items with any other Smart Wallet user. There is support for Transaction Requests that can be sent to other wallet owners, which they will then either confirm or deny. In addition, you can set up rules or thresholds to prevent any unauthorized or undesired transactions from occurring.

The Enjin Smart Wallet was created with security firmly in mind, and one of the best security features is the Secure Keyboard that was developed for the Enjin Smart Wallet.

This keyboard is natively part of the app and it prevents any keyloggers or snoopers from seeing or capturing anything you type – including passwords and private keys. And for those who are especially security conscious, the wallet can even be setup to randomize your keys.

Adding further to the security of the wallet is two separate layers of cryptography. The hardware level includes Advanced Encryption Standard and the software uses custom software encryption to encrypt any data processed by the wallet. The wallet will also block any recording or screenshots of the wallet itself right at the operating system level.

If you aren’t interested in all these features and security you can also store your Enjin Coins in any ERC-20 compatible wallet, such as MyEtherWallet, MetaMask, or one of the secure hardware wallets.

Wallet dApp Browser

In May 2019 the Enjin team released a dApp browser for the Enjin Wallet, making it easier for users to complete transactions with a single click. With the Enjin Wallet dApp browser users can:

  • Log in to multiple websites to verify their asset inventory
  • Input payment details when making online purchases
  • Input the delivery address for the asset being purchased

With the Enjin DApp Browser, customers can sign transactions with 100% custody over their funds while enjoying new levels of security and self-sovereignty. This takes the Enjin Wallet one step closer to becoming a one-stop-shop for all decentralized needs.

The Enjin Platform

The Enjin Platform launched on the Ethereum testnet in March 2019 and has been seeing improvements since.

The Enjin Platform is a blockchain PaaS (Platform as a Service) that allows you to create and manage blockchain games—without the complexity of building and maintaining any blockchain infrastructure or writing any blockchain-related code.

It is a robust, flexible, powerful suite of tools and services for creating groundbreaking blockchain games. All together it is comprised of four separate but interconnected parts – Trusted Cloud, Platform API, Wallet Daemon, and Blockchain SDKs.

Taken together these tools have made it easy for developers to create new games, and promise an easy way to foster mass adoption of Enjin as a gaming development platform.

  • Trusted Cloud – the main backend service of the Enjin Platform; it is a cloud-hosted service that connects games to the Ethereum blockchain.
  • Platform API – allows developers to query and send commands to the Enjin Platform in order to facilitate the development of blockchain games.
  • Wallet Deamon – a tool that used to automate the authorization of transaction requests to and from the Trusted Cloud.
  • Blockchain SDKs – Enjin released an SDK for Unity at the same time they released the Enjin Platform. There are also SDKs that have been released for Java, Godot, and GraphQL.

The Enjin Marketplace

The Enjin Marketplace is the next step in ensuring that blockchain assets can be stored and traded as easily as possible. This is one of the major themes of Enjin in bringing blockchain to mainstream adoption.

Enjinx Marketplace
The Enjinx Marketplace UI. Image via Enjinx

The addition of a marketplace to the Enjin ecosystem ensures users can experience:

  • Security: No more risk of getting scammed by rogue traders. Buy assets with the full confidence that you will actually receive them, and sell with the certainty that you will be compensated for what you’re offering.
  • Unified experience: Built with the UX that helps set Enjin apart.
  • Ease of use: Complete transactions without leaving your mobile device.
  • Seamless searching: Find on-sale assets and prices in one place.
  • Transparency: Informed decision-making creates stronger markets.

The EnjinMarketplace removes friction from the trading process, allowing anyone who holds an ERC-1155 to quickly and easily list it for sale with just a few taps or clicks. And buying assets from the Enjin Marketplace is as easy as scanning a QR code.

Enjin Coin Team & Progress

Enjin, the company that developed the Enjin Coin, has long been the largest online gaming community creation platform. The company has been providing gamers with website builders, chat functions, forums, and a variety of guild and clan building tools since 2009.

Even before the creation of the Enjin Coin the company had over 60 million monthly pageviews, 19 million registered users, and 300,000 gaming websites.

That should massively bootstrap the adoption of the Enjin Coin, since the Enjin team will be rolling it out across the entire Enjin ecosystem of 300,000 websites and 19 million users.

Advisors to the project consist of Anthony Diiorio (Ethereum co-founder) and Pat LaBine (previous producer and technical director at Bioware). Enjin has also formed partnerships with Unity, PC Gamer, and NRG eSports.

Enjin Coin Core Team
Enjin Coin Founding Team

Late 2017 saw the team run a successful ICO, raising roughly $35 million, which is meant to be spent entirely on developing, marketing and growth of the project.

While the project is young, Enjin has a strong team and resources, which meant the last quarter of 2017 saw the development of a mobile Smart Wallet, the Platform API, Java SDK, and a Minecraft plugin. 2018 has an aggressive roadmap, with plans for additional game plugins, the Efinity release, numerous SDKs and other improvements to the ecosystem.

There are several gaming related projects begun, such as Enjin Coins competitors WAX and GameCredits, but none of the three have become dominant yet.

There are definite differences between the three however, and Enjin CMO Elija Rolovic has categorized these differences by calling Enjin Coin the “Ethereum of Gaming”, while going on to call the competition nothing more than “tokenizing their centralized games/marketplaces.”

The Enjin Roadmap

You can find the Enjin Roadmap on the Enjin Coin site here. There are many exciting developments on the way, not the least of which is the partnership with Efinity. Efinity will add a sidechain to the Enjin blockchain that will act in a similar fashion to the Lightning Network for Bitcoin.

It gets around the network congestion that has been increasing on the Ethereum network, as well as the rising transaction fees. It will theoretically allow the Enjin network to scale to millions of users with fast transaction speeds and nearly zero transaction costs. And it will keep transactions on the Ethereum blockchain, so that they remain trustless.

The logical endpoint of this will be games that run on the blockchain, which is projected to create innovation within the video gaming industry. Another exciting feature is the upcoming implementation of the Enjin Blockchain Explorer, which will eventually allow browsing of all ENJ assets in the future.

If you’re interested in seeing what the Enjin team has already accomplished, have a look at the Timeline posted here.

The Enjin Coin (ENJ)

The total supply of Enjin Coins (ENJ) is 1 billion, with just a bit over 750 million of them in circulation. 80% of the ENJ were distributed during the crowdsale, while the remaining 20% were split between the Enjin team and advisors.

The circulating supply of ENJ can be expected to continue falling, because anytime a custom asset is created the corresponding amount of ENJ are removed from circulation. This is expected to increase the value of ENJ tokens over time.

ENJ Price Performance

The ENJ hasn’t seen anything really unusual since its ICO in November 2017. It followed the broader market higher in the December 2017 rally, and then dropped with the market in January. It has remained at these lower levels since then, and is trading at $0.103285 as of the end of May 2018.

Once we see a more bullish cryptocurrency market it is expected that ENJ will be lifted with the rest of the market. It is also expected to see greater price increases in response to product launches and partnership announcements. And it is also expected to rise as it gains greater adoption, due to the removal of ENJ from circulation as additional assets are added to the blockchain.

ENJ Price Performance
ENJ Price Performance. Image via CMC

In 2019 ENJ saw a rally in the first quarter along with the broader market, reaching $0.215806 on March 8, 2019. Price has slipped steadily lower since, although there was a rally in the beginning of December that saw price double in less than two weeks from November 25 through December 5. Since then a good portion of those gains have been reversed and as of December 9, 2019 ENJ is trading at $0.076167.

Historically the all-time high for ENJ was on January 7, 2018 at $0.493384, and the all-time low was on November 2, 2017 at $0.015620.

Buying & Storing ENJ

You cannot purchase ENJ with fiat currency (excepting South Korean Won). Instead, you’ll need to use USDT, BTC or ETH. The largest exchange for ENJ is Binance, but there is also decent trading volume on LAToken and Bithumb.

Binanace ENJ
Register at Binance and Buy ENJ Tokens

Even though Binance holds the majority of the trading volume, the rest of the volume is pretty well distributed across the other exchanges. This bodes well for the price discovery of ENJ tokens as there are more exchanges to close mis-pricings.

Once you have your ENJ you will want to store it in a secure offline wallet. Perhaps your best bet is Enjin’s own wallet. However, given that this is an ERC20 token you can store it in any Ethereum compatible wallet including hardware wallets.

Conclusion

The Enjin Coin is looking to provide a benefit to the $17 billion virtual goods market. By placing game assets on the blockchain they hope to prevent fraud in the industry, which some measures have suggested affect roughly 80% of all transactions.

That would be a huge improvement for the gaming industry and gamers, and with the huge customer base that Enjin already has, the coin should be able to reach large scale adoption fairly quickly.

That said, it remains a new project, and unproven as well. So far the team has done well in meeting their roadmap goals, and they will need to continue doing so if they want to prove the viability of the Enjin Coin.

Their partnership with Unity should help drive them towards one of their goals, which is the creation of actual games on the blockchain, and this will help drive further adoption of the Enjin Coin. Nothing is proven yet, but the project does look to have a bright future.

As of 2019, we’ve seen impressive progress from the Enjin project, with the addition of an easy to use blockchain explorer, an in-wallet dApp browser, and a marketplace that allows gamers to easily buy and sell the assets acquired in the multiverse games.

Continued expansion will help drive adoption, but what the project really needs now is a blockbuster game that draws in millions of players. With that one blockbuster, they could bring both the ENJ coin and the Multiverse into mainstream gaming.

Featured Image via Shutterstock

Disclaimer: These are writer opinions and should not be considered investment advice. Readers should do their own research.

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Bitcoin und Ethereum Analyse: NUPL-Werte signalisieren weitere Kurssteigerungen

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In diesem Artikel zeigt dir BeInCrypto den NUPL-On-Chain-Indikator. Der NUP-Wert (Net Unrealized Profit/Loss) eignet sich ganz gut, wenn man die Top eines Asset-Kurses bestimmen möchte.

Auch wenn der Bitcoin-NUPL-Wert bereits deutlich zugenommen hat, so ist er immer noch einige Prozentpunkte von den letzten drei Spitzenwerten entfernt. Der Indikator ist in der Vergangenheit auf diese Spitzenwerte angestiegen, kurz nachdem bzw. bevor der Bitcoin Kurs die jeweilige Top des Bull-Cycles erreicht hat.

Der Ethereum-NUPL-Wert ist vergleichsweise zurzeit sogar noch weiter von den damaligen Spitzenwerten entfernt. Kurz davor bzw. danach erreichte auch der Ethereum Kurs seine damaligen Höchststände bzw. Tops.

Wie kann man den NUPL-Wert berechnen?

Der NUPL-Wert wurde geschaffen, um die Profite bzw. Verluste des zirkulierenden Supplys eines Coins zu messen bzw. quantifizieren. Man kann den NUPL-Wert ausrechnen, indem man die realisierten Verluste von den realisierten Gewinnen abzieht.

Die nicht-realisierten Profite entsprechen dem Gesamtwert aller Coins, dessen aktueller Preis höher ist als ihr Einkaufspreis. Analog dazu entsprechen die nicht-realisierten Verluste dem Gesamtwert aller Coins, dessen aktueller Kurs niedriger ist als ihr Einkaufspreis. Ist der Wert negativ, dann gibt es mehr Netto-Verluste als Netto-Gewinne.

Bitcoin NUPL Analyse

Gängigerweise spricht man bei einem Wert von -0,25 von einer „Capitulation“ („Kapitulation“) des Marktes. Bei einem Wert von über 0,75 geht man von einer „Euphorie“ („Euphoria“) des Marktes aus. Wenn der Wert über 0,25 und unterhalb von 0,5 liegt, dann herrscht „Optimismus“ („Optimism“) auf dem Markt. Bei Werten von über 0,5 sind die Markteilnehmer von dem Asset überzeugt bzw. glauben an Dieses („Belief“).

Kurz nachdem der Bitcoin Kurs 2011 das damalige Allzeithoch erreicht hat, lag der Wert des Indikators bei 0,878. Dieser Wert ist der höchste jemals aufgezeichnete Bitcoin-NUPL-Wert. 2013 erreichte der NUPL den nächsten Spitzenwert (0,824). Der darauffolgende Peak lag bei 0,838. Bei dem Ende des Bullruns von 2017 stieg der Wert auf 0,793 an.

Bitcoin NUPL Indikator Glassnode
Bitcoin NUPL Chart By Glassnode

Abgesehen von den Rekordwerten ist auch der Zeitraum ab dem 21. Oktober 2020 bemerkenswert. Zu diesem Zeitpunkt ist der NUPL-Wert über 0,5 angestiegen („Belief“). Interessanterweise erreichte der NUPL-Wert am 21. Februar 2021 den letzten lokalen Hochpunkt. Der Bitcoin Kurs stieg fast zum selben Zeitpunkt auf das damalige Allzeithoch (57.432 US-Dollar) an.

Zum Zeitpunkt der Veröffentlichung dieses Artikels liegt der NUPL-Wert bei 0,71. Der Bitcoin Preis hat allerdings am 14. April 2021 ebenfalls ein neues bzw. das letzte Allzeithoch erreicht. Sollte der Bitcoin Kurs also tatsächlich bereits jetzt oder in sehr naher Zukunft die Top erreicht haben, dann wäre dies der mit Abstand kleinste Bitcoin-NUPL-Wert, der jemals während einer Top aufgetreten wäre.

Bitcoin NUPL Indikator Glassnode 2
Bitcoin NUPL Chart By Glassnode

Ethereum NUPL Analyse

Der NUPL-Indikator lieferte bis jetzt auch äußert qualitative Signale für die Bestimmung der Etherum-Tops. 2016 lag der Spitzenwert des Indikators bei 0,872, 2017 sogar bei 0,96 und 2018 bei 0,912.

Ethereum NUPL Indikator Glassnode
Ethereum NUPL Chart By Glassnode

Im November 2020 stieg der ETH-NUPL-Wert auf über 0,5 an. Das letzte lokale Maximum lag bei 0,734. Zu diesem Zeitpunkt war der Ethereum Kurs noch bei 1.953 US-Dollar. Der Ethereum Preis ist danach auf ein neues Allzeithoch angestiegen, der ETH-NUPL-Wert aber auf 0,718 gefallen.

Da der NUPL-Wert noch verhältnismäßig weit von seinen letzten Spitzenwerten (ca. 0,90) entfernt ist, sieht es so aus, als ob der Ethereum Kurs noch weiter ansteigen wird.

Ethereum NUPL 2 Glassnode
Ethereum NUPL Chart By Glassnode

Fazit

Auch wenn der Markt aktuell definitiv überhitzt wirkt, so signalisieren weder der Bitcoin- noch der Ethereum-NUPL-Wert, dass die Kurse der Assets ihre Top bereits erreicht haben. Deshalb werden der Bitcoin Preis und insbesondere der Ethereum Kurs noch weiter ansteigen.

Hier geht es zur letzten Bitcoin-Analyse von BeInCrypto!

Eine interessante Krypto-Exchange für das Krypto-Trading und Investment in die verschiedenen Kryptowährungen: Stormgain.

Ein Bild von BeInCrypto

Übersetzt von Maximilian M.

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Valdrin ist ein Kryptowährungs-Enthusiast und Finanzhändler. Nach seinem Master-Abschluss in Finanzmärkten an der Barcelona Graduate School of Economics begann er im Ministerium für wirtschaftliche Entwicklung in seinem Heimatland Kosovo zu arbeiten. Im Jahr 2019 beschloss er, sich ganz auf Kryptowährungen und den Handel zu konzentrieren.

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Source: https://de.beincrypto.com/bitcoin-ethereum-analyse-nupl-weitere-kurssteigerungen/

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Reddit WallStreetBets startet Diskussion über Bitcoin, Ethereum und Dogecoin

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Das Reddit-Forum WallStreetBets (WSB) startet nun auch Diskussionen rund um Bitcoin, Ethereum und Dogecoin. Zuletzt bekamen die Trader von WallStreetBets große Aufmerksamkeit für das Pushen der Erhöhung des Aktienkurses von GameStop.

Seitdem großen Wirbel um die GameStop Aktie ist es um die WallStreetBets Trader eher ruhig geworden. Doch nun könnte es wieder spannend werden, wenn die WallStreetBets Trader große Kryptowährungen in ihre Diskussionen mit aufnehmen.

Moderator „bawse1“ erklärt:

„Nach langen Überlegungen haben wir beschlossen, nur über BTC, ETH und DOGE zu diskutieren. Innerhalb eines täglichen Crypto-Diskussionsthreads, um nicht jeden mit Crypto-Spam zu belasten. Alle Regeln gelten weiterhin außerhalb des Threads, aber bitte macht dies vorerst nur im täglichen Thread, bis wir ausreichend beurteilt haben, ob dies für unser Sub richtig ist.“

Zunächst sollen die Diskussionen tatsächlich auf Bitcoin, Ethereum und Dogecoin beschränkt sein, obwohl natürlich auch andere Kryptowährungen äußerst beliebte Trading-Assets sind. Für den Reddit-Moderator ist die Integration von Bitcoin, Ethereum und Dogecoin ein Versuch die an Krypto interessierten Gruppenmitglieder nicht zu vernachlässigen:

„Um ganz klar zu sein, wir sind kein Crypto-Subreddit. Wir versuchen nur, einen Platz für euch in unserem Subreddit zu finden.“

Bitcoin Chart: Ein Bild von BeInCrypto.com
Bitcoin Chart: Ein Bild von BeInCrypto.com

WallStreetBets und Dogecoin

„Unser Hauptanliegen ist, dass die Kryptodiskussion den Kern dessen überholt, worum es bei r/wallstreetbets geht, nämlich um den Aktienmarkt.“

Allerdings führt der Moderator auch an, dass WallStreetBets sich dem Thema Krypto nicht weiter verschließen kann:

„Ich sehe keinen Grund mehr, das Unvermeidliche zu verzögern, da Krypto hierbleiben wird.“

Die Diskussionen über Dogecoin sind im Reddit Forum WallStreetBets allerdings nicht neu, obwohl es im Grunde ausschließlich um den Aktienmarkt gehen soll. Denn im Zuge des GameStop Aktien-Pumps hatten sich auch einige Trader am Dogecoin versucht.

SatoshiSwap Token auf Reddit

Die Subreddit-Gruppe SatoshiStreetBets, die sich selbst als „Krypto-Version von WallStreetBets“ bezeichnet, hält außerdem eine weitere kryptografische Neuheit für die Redditer bereit. Eigene Token namens SAS.

„Ich bin stolz darauf, heute die erste Entwicklung von SatoshiSwap bekannt zu geben, einer Kryptowährung und DAO, die von den beliebten UniSwap- und SushiSwap-Projekten inspiriert und für die Mitglieder von SatoshiStreetBets entwickelt wurde. SatoshiStreetBets startet dieses Token aus drei Gründen.“

Die SAS Token fungieren als Utility-Governance-Token für die Gruppe. Die Mitglieder können die SAS Token für Reddit-Posts an die Mitglieder senden.

„SatoshiSwap wird von u/little-eagle gegründet, der auch der Gründer von SatoshiStreetBets und Head Mod von r/SatoshiStreetBets, discord.gg/SatoshiStreetBets, ist und twitter.com/toshistreetbets betreibt.“

Allerdings haben die Redditer auch Zweifel an den SatoshiSwap Token, wie dieses Mitglied im Detail ausführt:

Ein Screenshot von Reddit
Ein Screenshot von Reddit

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Alex hat ihren Bachelor in Orient- und Asienwissenschaften an der Friedrich-Wilhelms Universität Bonn absolviert, danach Deutsch als Fremdsprache am Goethe Institut studiert und ihren Master in Arabistik an der Freien Universität Berlin absolviert. Seit 2017 ist sie als Krypto-Journalistin tätig.

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7 Things You Should Know Before Buying Crypto in Australia

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Cryptocurrency investments have increased dramatically over the last couple of years in Australia. 

Values have shot up by more than 1,000% for popular cryptos like Bitcoin, Ethereum, Ripple,

Litecoin and Cardano. Any Australian who purchased cryptos a few years ago is feeling happy right now.

Are you interested in buying crypto too? If you are, there are some things you need to know first. Even though crypto investments can be profitable, they also can be extremely risky. 

You must educate yourself on the crypto marketplace before purchasing any cryptos with your hard-earned money.

Below are the top seven things you should know before buying crypto in Australia.

1) Pick a Good Exchange

Cryptos are bought and sold on a crypto currency exchange. Some of the most prominent Australian crypto exchanges include Binance, Coinbase, Kraken, Swyftx, and Coinspot. 

Each crypto exchange has its pros and cons. For instance, Binance offers the widest selection of altcoins. 

These are cryptos other than Bitcoin, such as Litecoin and Ethereum. While Bitcoin might get the most publicity, at least 40% of the crypto market is devoted to other cryptos. Their prices are a lot cheaper than Bitcoin too.

Swyftx offers low crypto trading fees and high-quality features. Coinbase allows you to pay with a debit card rather than a bank account. Therefore, the choice you make depends on your particular trading preferences.

2) Avoid Scammers

Social media platforms are consumed with so-called crypto gurus and experts. They will try to sell you training videos or provide crypto investment strategies for making a lot of money with

Bitcoin. 

Their claims might state that Bitcoin will be worth $1 million in 10 years, so you must invest in it now.

The truth is that nobody knows where Bitcoin will be in 10 years. It is a speculative asset with no tangible value. The vast volatility of Bitcoin and altcoins are based on speculation alone. Remember that.

3) Investment Small Amounts

The crypto market is highly volatile. Bitcoin could go from a value of $60,000 per coin to $45,000 in just one day. 

If you invest large sums of money, it is possible to lose 30% to 40% in the blink of an eye. That is why you should invest small amounts of money that you can afford to lose.

The good news is that you do not have to pay the total value of one coin. The crypto market allows you to purchase a fraction of a coin at a lower cost.

For example, if Bitcoin is valued at $50,000 per coin, you could spend only $100 and purchase 0.002 worth of Bitcoin rather than one complete coin.

4) Join an Online Crypto Community

You can get a free crypto education by joining an online community composed of other crypto investors. 

It gives crypto enthusiasts a chance to share news and information about the crypto market. Reddit and Facebook Groups have some good crypto communities.

Just beware of scammers and self-promoters. The active community discussions can give you a basic sense of what is going on in the market. However, do not rely on these communities to provide you with investment advice.

5) Create Your Own Strategies

Create your own crypto trading strategies. It is challenging to make accurate predictions, but most strategists will rely on global economic news to form their strategies. 

If inflation is high on popular national currencies, then more people will want to invest in cryptos.

Do not invest in crypto until you know how much you want to spend and how much you want to earn. 

Stick to your strategy, no matter what, to avoid making investment mistakes.

6) Look for Exchanges Accepting Australian Currency

You might be surprised to learn that many popular crypto exchanges do not accept AUD currency. 

Sometimes you will have the option to convert your currency into an accepted currency before purchasing crypto. 

But you will have to pay additional fees to do it. It is better to find a crypto exchange that accepts AUD. A few of these exchanges include Biance, Liquid and Huobi Global.

7) Limited Regulations

Crypto markets are still somewhat new to Australia. They do not have as much financial regulatory oversight compared to traditional securities markets. That makes the crypto market even riskier for investors.

On the upside, some crypto exchanges offer insurance coverage to their members. This

insurance covers crypto theft and loss due to hackers and technical malfunctions. Look for these insurance plans as you research various crypto exchanges.

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Bitfinex-Hacker versenden BTC im Wert von 750 Millionen USD

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Die Hacker, die 2016 knapp 120.000 Bitcoins gestohlen haben, haben am 14. April 2021 rund 10% davon bewegt. Diese 10% sind heute umgerechnet über 750 Millionen US-Dollar wert. Marktanalysten glauben, dass die Hacker nun die Bitcoins in der Nähe der nächsten Top loswerden möchten. Dazu könnten sie den Markt kurzfristig manipulieren und gleichzeitig eine Short Position eröffnen.

Whale Alert twitterte am 14. April 2021, dass zahlreiche Bitcoins die mit dem Bitfinex Hack von 2016 in Verbindung stehen, bewegt wurden. Der Gesamtwert der bewegten Bitcoins liegt laut dem Krypto-Transaktions-Tracker bei 750 Millionen US-Dollar.

„WTF! $7.5 Milliarden in Bitcoin, die Hacker bei dem Bitfinex Hack 2016 gestohlen haben, sind zum ersten Mal seit 5 Jahren bewegt worden.“

Anmerkung: Mr.Whale hat sich evtl. um eine Nachkommastelle verrechnet bzw. die Zahl falsch wiedergegeben.

Diese Transaktionen waren die ersten Transaktionen der Hacker in diesem Jahr. Insgesamt bewegten die Hacker bei über 30 Transaktionen rund 11.799 BTC.

bitcoin road
Ein Bild von BeInCrypto.com

Hacker bewegen BTC kurz nach neuem Allzeithoch

Die Hacker tätigten die Transaktionen dem Zeitpunkt, als der Bitcoin Kurs ein neues Allzeithoch erreicht hatte. Möglicherweise wollen die Hacker nun langsam ihre Bitcoin in andere Vermögenswerte oder Fiat umtauschen.

Interessanterweise ist am selben Tag Coinbase an die Börse gegangen. Coinbase erhielt wegen des Listings auf dem Nasdaq große mediale Aufmerksamkeit. Die News trugen wohl zu dem jüngsten Kursanstieg bei. Wenn viele Bitcoins auf einmal verkauft werden, dann könnte das theoretisch einen temporären Kursabstieg verursachen.

Viele Analysten glauben allerdings nicht, dass die Transaktionen einen unmittelbaren Einfluss auf den Bitcoin Kurs haben werden. Es wurden insgesamt nur 10% aller Bitcoins, die bei dem Hack gestohlen wurden, bewegt. Viele Börsen haben außerdem Mechanismen implementiert, um die Auszahlung von gestohlenen BTC zu verhindern bzw. zu erschweren. Allerdings könnten die Hacker die Bitcoin auch auf andere Art und Weise loswerden.

„Nein, die Bitfinex Hacker werden ihre gestohlenen Bitcoins nicht verkaufen (zumindest keine große Summe davon).

Aber der/die Hacker bzw. die Hackerin könnte die Bitcoins an eine oder mehrere Exchange(s) senden, den Markt manipulieren und sie auf einer anderen oder auf mehreren Exchange(s) shorten.“

Dieses Szenario wäre nicht so leicht umzusetzen, aber durchaus möglich.

Bitfinex Hacker stahlen fast 120.000 BTC

Der Bitfiniex Hack von 2016 war einer der größten Hacks der Bitcoin-Geschichte. Die Hacker stahlen insgesamt 119.756 BTC, die heute rund 7,5 Milliarden US-Dollar wert sind. Der Markt brach zu dem Zeitpunkt des Hacks um 20% ein.

„Was für ein Moment. Whalealert veröffentlicht eine Nachricht nach der anderen über Bitcoins, die Hacker bei dem Bitfinex-Hack von 2016 gestohlenen haben.“

Der Fall wurde teilweise aufgedeckt. Zwei israelische Brüder sollen für den Hack mitverantwortlich sein. Seit dem Hack wurden bis 2020 rund 1-2% der gestohlenen Bitcoin ab und zu bewegt. Im November bewegten die Hacker zuletzt Bitcoin im Wert von 97 Millionen US-Dollar. Damals erreichte der Bitcoin Kurs ebenfalls ein neues Allzeithoch.

Bitfinex entschädigte die betroffenen Nutzer mit Kryptowährungen. Allerdings erlitt das Image der Exchange einen großen Schaden. Die Krypto-Börse war auch in einige andere Kontroversen verwickelt.

Bitfinex
Bitfinex: Ein Bild von BeInCrypto.com

Übersetzt von Maximilian M.

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Rahul Nambiampurath is an India-based Digital Marketer who got attracted to Bitcoin and the blockchain in 2014. Ever since, he’s been an active member of the community. He has a Masters degree in Finance. <a href=”mailto:editorinchief@beincrypto.com”>Email me!</a>

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Source: https://de.beincrypto.com/bitfinex-hacker-versenden-btc-750-millionen-usd/

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