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KuMEX Review: KuCoin Futures Platform Overview

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There are no doubt quite a lot of crypto futures exchanges on the market. One of the latest is KuMEX.

KuMEX is the futures exchange that is owned and operated by the KuCoin cryptocurrency exchange. It offers leveraged trading of Bitcoin futures of up to 100x. This is one of the many products and services offered by KuMEX.

But with so many options, is it really worth your while?

In this KuMEX review I will attempt to answer that. I will give you what you need to know about their platform as well as some top trading tips.

KuMEX Overview

Page Contents 👉

“KuMEX” is short for the Kucoin Mercentile exchange and it was launched in the middle of 2019. It is a Bitcoin futures exchange that offers standard and perpetual futures instruments.

This means that traders can take leveraged positions on the price of Bitcoin of up to 100x their initial position. It is attempting to disrupt the current landscape with the likes of ByBit, BitMEX et al.

For those that do not know, KuCoin is a large cryptocurrency exchange that is based in Singapore. However, since that time they have expanded greatly into a number of different regions and product lines.

KuMEX has been growing their trading volume since inception and have also just launched a more simplified trading platform called their KuMEX “lite” (covered below).

KuMEX is open to a whole host of traders around the world and the platform / website has been translated into over 13 different languages. Having said that, there are some countries that are restricted so you are encouraged to read the restricted access list.

Is KuMEX Safe?

This is perhaps one of the most important questions that you can ask when deciding on whether to use a new exchange. These risks are not just from the outside but also from leveraged trading.

Thankfully, given that KuMEX is operated by KuCoin, it employs many of the same security protocols on both the exchange and the user side.

Let’s take a look at some of these.

Coin Storage

KuMEX uses the same hot & cold coin storage procedure that is being used at KuCoin. Essentially, they keep over 95% of their coins in a cold storage environment that is disconnected from the internet.

This means that there is no way that any hackers can get access to the private keys storing the bulk of the exchange assets. This would prevent any situation of insolvency because of a breach.

KuMEX Cold Storage
The KuMEX Coin Storage Protocol

For those coins that are kept “hot” on their servers, they have a multisignature key signing procedure. This means that more than one individual at KuMEX will have to authorise the withdrawals.

Trading Engine

Something that is unique to KuMEX and not necessarily to KuCoin is their trading engine. Highly effective trading engines are essential for an exchange that has to process thousands of transactions per second.

The KuMEX engine is able to process up to 1 million transactions every minute and is able to match orders with less than 1 millisecond delay. There is also a multileveled disaster tolerant infrastructure.

What does this mean?

Well, downtime is limited to zero. This is essential for a high leverage exchange that operates in a market open 24/7/365. Moreover, for those traders who use BitMEX you will no doubt be aware of their regular “overcharge” where they go down for maintenance.

Insurance Fund

For those who have used other futures exchanges, you will be aware of the notion of an insurance fund. This is basically a reserve fund that KuMEX runs which will cover any losses and prevent “socialised losses”.

Balance at KuMEX Insurance Fund
Current Balance at the Insurance Fund

This insurance fund is replenished during trader liquidations. Essentially, if the liquidation price of a trade is above the bankruptcy price, the difference between the two will be sent to the insurance fund.

If ever there is a situation in which liquidation does not take place above the bankruptcy price then those losses are covered by the insurance fund and do not have to be shared among the other traders.

User Security

Sometimes security also starts with the user. This is because we are often the weakest link when it comes to phishing scams and other personal hacks.

Thankfully KuMEX employs the same anti-phishing procedures as are used on the main Kucoin exchange. Perhaps your best bet in order to secure your account is through the use of two factor authentication with your phone.

There are two ways in which to set up 2FA at KuMEX. You can either use SMS verification or through the Google Authenticator. We would suggest the latter as it prevents the risk of sim swap attacks.

Google Authenticator KuMEX
Setting up Google Authenticator

Once you have set up your Google Authenticator app and linked it up to your account then it will generate a secure pin every time that you want to log in. The benefit of this is even if a hacker has your password they can’t log into your account.

KuMEX Leverage

When you are trading at KuMEX you are trading with margin. This means that you are only putting down a small amount of capital to cover the position.

The benefit of this is that you can leverage your position. In the case of KuMEX this leverage can go all the way up to 100x. This means that for a $1 move in the price of Bitcoin, your position will move by $100.

Warning ⚠️: Although KuMEX lets you trade up to 100x leverage, there is no reason to use such a high amount. This is especially true for those who are just starting out.

At KuMEX this is done through the use of Futures instruments. These are basically derivative instruments that are an agreement to buy or sell Bitcoin at some time in the future.

KuMEX has two types of futures instruments. They have the traditional type that has a fixed expiry and then they have the perpetual futures that have a rolling expiry time. These are the same instruments available at most other futures exchanges.

Something else that we found quite interesting about the futures instruments at KuMEX is that the contracts are “mini” contracts. This means that the underlying for the contract is not 1 Bitcoin but 1 USD.

KuMEX Perpetual Future
KuMEX Perpetual Future Overview

When it comes to their regular futures instruments, these are quarterly expiries. At the time of this review, there were two contracts. One that expired at the end of the first quarter and the other that was the end of the second quarter.

Another really important thing to note is the spot price that these futures instruments are referencing. This is the Bitcoin spot index and it is a volume-weighted average US dollar price of Bitcoin on 6 exchanges including Coinbase Pro, Bitstamp, Kraken, Gemini, Liquid and Bittrex

Unfortunately, KuMEX currently only has the option to trade Bitcoin futures. One would hope that as they begin to expand out their service there will be more opportunity for additional assets.

KuMEX Fees

Fees are another really important aspect for the trader. The fees that they are charged will directly impact on the profitability over the long term.

Hence, we decided to dive into the fees on the KuMEX exchange. Some of these are fees that are charged at the exchange whereas others are systematic.

Trading Fees

When it comes to trading fees at KuMEX, they operate a standard maker-taker fee model. With this model, you have two different fee rates depending on whether you are making liquidity or taking it off the books.

At KuMEX, if you provide liquidity to the books then you are a maker and you will get a rebate on your trade. This is set 0.025%. However, if you take liquidity then you are a taker and will be charged 0.060%.

KuMEX Trading Fees
Trading Fee Structure

If we were to compare this to other trading platforms, the maker rebate is the same as ByBit and BitMEX but you have a lower taker fee. This therefore means that all else equal your trading fees are reduced at KuMEX.

Maker / Taker ❓: Generally, when you place a limit order away from the market rate then you are a market maker. If you place a market order you are a taker.

Funding Fees

These are not fees that you will have to pay to KuMEX but are fees that adjust for the relative funding rates. They reflect the interest rate differential between the Bitcoin funding rate and the USD funding rate.

This could either be positive or negative depending on whether you are long or short and the relative rates of funding at the time. These fees are paid to the market in order to keep your position open.

At KuMEX, funding occurs every 8 hours at 04:00 UTC, 12:00 UTC and 20:00 UTC. You will only have to pay funding or receive funding if you hold an open position at the time of the funding.

Deposits / Withdrawals

Thankfully, there are no fees that are charged for payments into KuMEX in crypto. If you are going to be with fiat on KuCoin then you may have some inward fees to consider. You can see more of that here.

When it comes to withdrawals in cryptocurrency from KuMEX, you won’t be charged any fees on the exchange side. Howewver, you will be charged a nominal miner or network fee that will cover the cost.

KuMEX Registration

If you would like to give KuMEX a try then you will have to create an account at KuCoin first. This is usually a really simple process and can be done with either an email or a phone.

Signing Up KuMEX
Signing up at an Account at KuMEX

Before you can complete the registration you will have to get sent a verification code to the email / phone that you have used. If you have agreed their T&C’s your account is created.

Now there is one important thing to note about KuMEX & KuCoin is that they require some form of KYC in order to lift all trading limits.

So, if privacy is one of your main concerns then you may want to consider another exchange that does not have these requirements.

KYC Process

Now although they do require KYC at KuCoin, it is really quite an effortless process. This can be done as either an individual or as a business entity.

The first step will require you to give information such as your country, full name and date of birth as well as the type of identification that you want to use. It can either be a passport, ID card or a driver’s licence.

Info Required KYC
Information Required For KYC

Once this is done you will have to upload a copy of this document to KuCoin. You do not have to worry about any breaches of privacy as all communications with KuMEX are done through an encrypted SSL connection.

Once you have uploaded the documents it is sent to the KYC team at KuCoin. How long it takes depends on how clear your documents are and how busy the exchange is. Sometimes it can be automated and others it may have to be sent for manual review. In either case the max time required should be no more than 2-3 days.

Deposit / Withdrawal

Once you have got your account up then you are going to want to fund it with cryptocurrency. This can either be done directly through generating a Bitcoin address or by transferring your cryptocurrency in from KuCoin.

This is a distinct advantage over other leveraged trading exchanges as it means that you have the option to indirectly fund your account with fiat. Using one of the deposit methods offered at KuCoin (wire, card etc.) you can buy Bitcoin with USD and other currencies.

Once you have bought your Bitcoin, you will need to authorise a transfer from your KuCoin account to your KuMEX account. To do this you will head over to your “Assets” tab which will give you a complete breakdown of all your funds / PnL on the platform.

Funding KuMEX Account
Funding Your KuMEX Account

Here you can either select “deposit” which will generate a bitcoin address for you or you can elect to “transfer”. The latter will allow you to transfer in from KuCoin. All you have to do is to select the amount that you would like to transfer and it is done instantly.

Note 📝: You can also make the transfer when you are logged into KuCoin. There is an option to “transfer to KuMEX” from your main account.

When it comes to withdrawals, this is also pretty straightforward. You could either send the funds back to KuCoin with the same transfer capability or you could withdraw to an external address.

If you are going to be withdrawing to an external address then you will have to first whitelabel said address. This keeps things safe as it means that funds can only be sent to a certain address.

Trading Platform

It’s time to dive into the belly of the beast. When trading with leveraged futures contracts, the efficiency of the platform is of paramount importance to us.

KuMEX actually has two different types of platform on offer. They have a “Lite” version as well as a more advanced version. This means that they are able to provide a trading interface commensurate with your level of expertise.

“Lite” Platform

This is perhaps the best platform for those who are just starting out. We have also not seen similar offers at other leveraged Bitcoin exchanges. The UI is simplified, clean and intuitive.

At the top you have your simple chart interface which merely gives you the historical price of Bitcoin. To the right of that you have your simple order form. Here, unlike with the advanced platform, yoc to either go long (Call) or Short (Put).

Lite Platform KuMEX
User Interface of the “Lite” Platform

You also have simplified options when it comes to the leverage you are taking on as well as the size of the order. Finally, to the left of the order form you have a handy ranking chart. This shows you how you are doing compared to some other traders on the platform.

Cool Feature 😎: You can get an idea of the market sentiment based on the longs / shorts. This is just market sentiment so treat it with a pinch of salt.

You may also want to note that on the Lite platform you can only trade the perpetual futures contract. So if you would like to trade the quarterly then you will have to use the advanced platform.

Finally, for those of you who prefer the light UI, you can switch to the white theme in the top right. This could be beneficial to those traders who prefer to monitor the markets during the day.

Advanced Platform

The advanced trading platform is similar to most of the others that you have on the market. There are a number of tools and features which you can use to help refine your trading.

The first and most important thing to note about this platform is that you can customise the layout. The panels can be detached and moved around in order to suit your own individual trading style.

KuMEX Advacned Platform
Advanced Platform at KuMEX

When it comes to the charts at your disposal, the advanced platform uses Tradingview software. For those traders in the know, this is one of the best charting packages and provides an extensive suite of technical trading indicators and studies.

You also have a handy market depth chart. With this you can see the buy / sell walls on the exchange and how the rest of the market is positioned. This could help augment your technical analysis in the main charts.

At the bottem of the chart you have your order history. This shows not only your most recent orders but also all the past ones. It also gives you a breakdown of your running PnL and margin requirements.

Order Types

Perhaps one of the best features of the advanced platform is broad order functionality that you have. This is perhaps the best way for a trader to manage their risk and take profit.

There are three main order types on the KuMEX platform:

  • Market Order: These are orders that are placed at the market rate and will be executed at the “bid” if it is a sell and the “ask” if it is a buy.
  • Limit Order: This is an order that is placed at a particular price and will not be executed until the market were to hit this price. The order will be open for a certain time called the “time in force”. We cover this below.
  • Stop: This is an order that will place an order once the price reaches a certain limit. You will set a trigger price which will make the order live. You can then also choose whether you would like to make the order that is placed a market order or a limit order. If you are thinking of placing a stop loss then a market order on a stop is your best bet. Stop orders can also be used to take a profit once a certain level is reached.

Pro Tip 💯: You should always choose certain take profit / stop loss levels that are commensurate with your technical levels. Trading with high leverage and no stops is not advised at all!

As mentioned, when you place a limit order you can also select the time in force. This is the length of time that you would like the order to remain live. There are two types at KuMEX:

  • Good Till Cancel: This order will remain live until you either elect to cancel it or it is finally executed
  • Immediate or Cancel: This is the order that you will place if you want it to be filled immediately and at the best price. If there are portions that are left unfilled, they will be cancelled. Essentially, this order allows for partial order execution

The final order parameter that you have at your disposal is whether you want to make it a hidden order, a post only or a reduce only. Basically, the post only will make sure that you get the maker rate, the hidden is kept off the order books and the reduce only won’t add to your position (only reduce it).

Sandbox

Something else that you may want to make use of before you create a live account is the sandbox. This is similar to the testnet’s and demo accounts that you have at other exchanges and brokers.

This is essentially a test environment that fully replicates the trading conditions on the live exchange. The benefit of this is that you can test out your trading strategies without risking initial capital.

The sandbox is also ideal for those traders who want to test out the KuMEX API (covered below). If you want to try out the sandbox then you will have to head on over to sandbox.kumex.com and you can register an account there. Unfortunately, you can’t port over a live account.

KuMEX Customer Support

Another really important consideration for any trader these days is customer support. This can be especially frustrating when an exchange is lax and takes days to respond to tickets.

Hence, we decided to test out the KuMEX / KuCoin customer support function. Thankfully, because KuMEX is operated by KuCoin, there is already a pretty large support component that traders can take advantage of.

Perhaps the most effective way to raise an issue with the exchange is through their ticket support system. This makes sure that your ticket is routed to the correct department and can be addressed most appropriately.

KuMEX Ticket Support
Ticket Support System

When we tested with a query about funding our account, we were helped in under 4 hours. This is a pretty effective turnaround compared to some of the other exchanges like Coinbase which have 1 day turnarounds.

Pro Tip 💯: If the exchange is taking a bit of time to get back to your ticket then you can always hit them up on their social media. You can try their Twitter, Telegram or Reddit. Be sure to quote your ticket number!

If you have a query that is more general in nature then you can always just check out their FAQ section. This is quite comprehensive and will include most of the questions that other traders have raised.

KuMEX API

For those traders that like to develop their own algorithms and bots, you will be happy to know the KuCoin has extended their API functionality to include the KuMEX exchange.

This is a pretty robust API with a number of endpoints as well as SDKs in PHP and Java. You can either build a trading bot to run in the live account or you can develop one for testing purposes in the sandbox.

KuMEX API Keys
Generating API Keys at KuMEX

In order to use the API you will first need to generate API keys. There are three types of Keys on the exchange. You have read, write and withdraw. Read allows you to observe the market, write allows you to execute trades and withdraw means you can send funds out.

Warning ⚠️: Do not give your API keys to anyone. There are services online that offer trading bots. These should be viewed with suspicion as they can be used in a malicious manner

Once you have your API key generated, you will want to familiarize yourself with the API endpoints and functionality. You can read more about this in the API docs. You may also want to take note of the rate limits to make sure that your bot is operating within it.

Referral Bonus

If you have used the KuMEX exchange and have been pleasantly surprised with your experience then you can earn some bonuses by referring your friends etc.

KuCoin has a special referral bonus that they have set up specifically for the KuMEX exchange. If someone signs up at KuCoin with your referral link then you will get 0.005% of the total transaction volume of the trader.

This is a different referral structure from exchanges such as BitMEX et al that give you a share of the commission. If we were to calculate the commission that you would earn on one of these exchanges then the KuMEX referral fee is about in line with it.

Note 📝: This is not a lifetime referral bonus. It is only valid for one year. After that period you no longer earn the commissions.

If this is something that you would like to do then you will need to generate a referral link. This can be done in your KuCoin dashboard by clicking on “referral” in your account profile.

KuMEX Referral
How to Refer People to KuMEX

It is important to note that this referral bonus is paid in KuCoin’s Shares (KCS). This is the proprietary exchange token on the exchange which is similar to Binance’s BNB. KuMEX will calculate this referral bonus and publish the bonus amount each day.

Areas for Improvement

There is a lot that we really like about the new KuMEX exchange. However, we would be remiss if we didn’t take a look at some of the things that we think warrant improvement.

Firstly and perhaps most importantly, they only offer Bitcoin futures. For those traders that would like to trade other assets with leverage, you may want to consider another leveraged trading platform.

The exchange could also do with some more educational guides and resources. Futures trading is by no means an easy task and many traders are still new to the arena. These guides could help smooth these traders over.

Finally, KuMEX is still a new futures exchange which means that it does not have the track record of some more established players. Yes, this is a bit of a chicken and egg scenario as new exchanges have to start out somewhere.

However, if they are able to keep the same level of professionalism as the KuCoin exchange uses then the reputation will follow suit.

Conclusion

In summary then, we really do like the KuMEX exchange. It appears to be relatively safe. Not only does it have the backing of the KuCoin main exchange but it appears to have some pretty effective risk management features like an insurance fund etc.

You also have that greatly simplified “lite” platform that is well suited to those new to leveraged futures trading. Of course, they have the advanced trading platform that has just the same amount of functionality you can expect on any competing exchange.

We also like the fact that their taker fees are less than the competition. Moreover, you have a robust API with a great deal of functionality and trading parameters. Finally, the customer support was above par and has to be commended.

Of course, there were some things that warranted improvement but this is still a new exchange. Hopefully as they grow over time they will introduce new assets and trading technology.

So, should you use KuMEX?

Well, if you are looking for a functional and secure leverage trading platform backed by a well known exchange then it is definitely worth considering.

KuMEX Ratings

8.4 KuMEX Ratings

Pros

  • Fees
  • Lite Platform
  • KuCoin Operated
  • Customer Support

Cons

  • Limited Asset Coverage
  • Full KYC
  • Still New

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.coinbureau.com/review/kumex/

Blockchain

15. BNB Burn: Binance zerstört Coins im Wert von 600 Mio. USD

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Die weltweit führende Krypto-Börse Binance hat den 15. BNB-Burn abgeschlossen und mit fast 600 Millionen Dollar einen Rekord aufgestellt. Der Gesamtbestand an BNB ist damit auf 169.432.937 gesunken.

Binance verkündete heute, am 16. April 2021, auf der Binance-Webseite, dass beim 15. vierteljährlichen (Januar bis März 2021) Binance Coin-Burn Münzen im Wert von rund 595,3 Millionen US-Dollar verbrannt wurden. Die Anzahl der zerstörten Token beläuft sich auf 1.099.888 BNB. Mit diesem aktuellen Burn ist der Gesamtbestand an BNB offiziell von 170.532.825 BNB auf 169.432.937 BNB gesunken.

Binance Coin Burn: Klein, aber bedeutend

Interessanterweise ist dieser BNB-Burn bezogen auf die Anzahl an zerstörten Coins der viertkleinste Burn. Der diesmalige Binance Coin-Burn ist deutlich kleiner als der letzte BNB-Burn (3.619888 BNB zerstört beim letzten Burn). Gemessen am Wert in US-Dollar ist dieser 15. BNB Burn allerdings der bisher größte.

Binance-CEO Changpeng Zhao kommentierte den 15. BNB-Burn folgendermaßen auf dem Twitter-Account des Unternehmens:

Binance will Angebot von BNB Token auf 100 Millionen senken

Die beliebte Kryptobörse hatte bereits in der Vergangenheit angekündigt, BNB im Wert von einem bestimmten Prozentsatz der vierteljährlichen Gewinne zu kaufen und zu zerstören. Das soll das Angebot von Token zukünftig auf eine Anzahl von 100 Millionen senken.

Im Januar 2021 verkündete Binance, dass eine Beschleunigung des BNB Burns geplant ist, der eigentlich für 27 Jahre angesetzt war. Dies kommentierte Changpeng Zhao folgendermaßen:

„Bei der derzeitigen beschleunigten Verbrennung würde es etwa fünf bis acht Jahre dauern, bis die 100 Millionen BNB erreicht sind. Aber eine Reihe von Faktoren könnte den beschleunigten Verlauf in der Zukunft beeinflussen, einschließlich BNB-Preisschwankungen, allgemeine Marktbedingungen und mehr.“

Der Binance Coin (BNB) ist aktuell (Stand: 16. April 2021 um 18:00 Uhr CET) mit einem Wert von 514,45 US-Dollar die Kryptowährung mit der schlechtesten Performance unter den großen Kryptowährungen.

Binance Coin: Ein Bild von BeInCrypto.com
Binance Coin: Ein Bild von BeInCrypto.com

Was ist ein Token Burn?

Ein Token Burn ist ein einzigartiges Konzept für Kryptowährungen: Durch das Verbrennen einer bestimmten Anzahl von Token im Umlauf erwarten die Initiatoren eines Token Burns, den Wert der verbleibenden Coins zu erhöhen. Es folgt dem einfachen Prinzip von Angebot und Nachfrage. Wenn die Anzahl der Münzen sinkt und der Bedarf an ihnen gleich bleibt oder wächst, sollte es (aber es ist nicht zu 100% garantiert) Kursgewinne geben. Die verbreitetste Art der Münzenverbrennung ist die Versendung an eine sogenannte Brenneradresse – eine öffentliche On-Chain-Wallet, deren private Schlüssel nachweislich ungültig und nicht erhältlich sind.

Haftungsausschluss

Alle auf unserer Website enthaltenen Informationen werden nach bestem Wissen und Gewissen recherchiert. Die journalistischen Beiträge dienen nur allgemeinen Informationszwecken. Jede Handlung, die der Leser aufgrund der auf unserer Website gefundenen Informationen vornimmt, geschieht ausschließlich auf eigenes Risiko.

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Verena hat ihren Bachelor in BWL und Sozialwissenschaften an der Uni Köln sowie einen Master in Business Management an der Universidad Autonoma de Barcelona absolviert. Als Marketing und Content Spezialistin hat sie in den letzten Jahren in Ländern auf der ganzen Welt gelebt. Sie hat eine besondere Leidenschaft für Technologie und Innovation.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://de.beincrypto.com/15-bnb-burn-binance-zerstoert-coins-im-wert-von-600-mio-usd/

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NSA-Whistleblower Edward Snowden versteigert seinen ersten NFT „Stay Free“

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Edward Snowden war Mitarbeiter der der Central Intelligence Agency (CIA). Nachdem Snowden hochklassifizierte Informationen von der National Security Agency (NSA) öffentlich zugänglich gemacht hatte, floh er vor den rechtlichen Konsequenzen dessen und hat mittlerweile eine dauerhafte Aufenthaltsgenehmigung in Russland.

Anfang 2016 wurde Snowden Präsident der Freedom of the Press Foundation, einer in San Francisco ansässigen gemeinnützigen Organisation. Ziel der Freedom of the Press Foundation ist der Schutz von Journalisten vor staatlicher Überwachung. Denn die von Snowden öffentlich gemachten hochklassifizierten Informationen der NSA belegen zahlreiche globale Überwachungsprogramme. In Zusammenarbeit sollen NSA, die Five Eyes Intelligence Alliance, europäische Regierungen und internationale Telekommunikationsunternehmen Menschen überwachen.

Snowden versteigert NFT „Stay Free“

Im Zuge seiner Arbeit für die Freedom of the Press Foundation versteigert Snowden nun seinen ersten NFT (non fungible token). Bei dem NFT handelt es sich um eine tokenisierte Kopie eines Gerichtsurteils über das Massenüberwachungsprogramm der NSA. Snoden plant den Erlös der Auktion gänzlich an die Freedom of the Press Foundation zu spenden. Zum Zeitpunkt des Verfassens des Artikels liegt das Höchstgebot für den NFT „Stay Free“ bei 200 ETH, also fast 480.000 US-Dollar.

Auf Twitter erläutert Snowden:

„Ich habe ein einzigartiges #NFT für wohltätige Zwecke gespendet, um die Verteidigung von Journalisten und Whistleblowern zu unterstützen. Wenn Sie an Porträts interessiert sind, die aus historischen Rechtsgutachten stammen, oder einfach nur die Sache unterstützen möchten, nehmen Sie heute um 15 Uhr ET an der Versteigerung teil.“

Geschichte auf der Blockchain verewigen

Als NFT ist die Kopie des Gerichtsurteils über Snowden nun auf der Blockchain verewigt. Immer mehr Menschen nutzen die NFT-Technologie, um wichtige Ereignisse in Form von Videos oder Bildern für die Nachwelt auf der Blockchain zu speichern. Die Technologie gibt durch ihre zensurresistente und robuste Basis die Grundlage für derartige Visionen.

In der Beschreibung des NFTs „Stay Free“ lesen wir:

„Dieses einzigartige, signierte Werk kombiniert die Gesamtheit einer wegweisenden Gerichtsentscheidung, mit der entschieden wird, dass die Massenüberwachung der Nationalen Sicherheitsagentur gegen das Gesetz verstößt, mit dem ikonischen Porträt des Whistleblowers von Platon (mit Genehmigung verwendet). Es ist das einzige bekannte NFT, das von Snowden erstellt wurde.“

Den „Stay Free“ NFT gibt es nur ein einziges Mal. Der Höchstbietende erhält also ein Unikat und zugleich den Nachweis für ein Stück Geschichte. Trevor Timm, Exekutivdirektor der Freedom of the Press Foundation, erklärt, wie der Erlös verwendet werden soll:

„Wir freuen uns sehr, den Erlös dieser Auktion für die Weiterentwicklung und Verbesserung von Technologien zu verwenden, die Journalisten und ihre Quellen schützen können, wie SecureDrop, unser Open-Source-Whistleblower-Einreichungssystem.“

Edward Snowden: Ein Bild von BeInCryto.com
Edward Snowden: Ein Bild von BeInCryto.com

Haftungsausschluss

Alle auf unserer Website enthaltenen Informationen werden nach bestem Wissen und Gewissen recherchiert. Die journalistischen Beiträge dienen nur allgemeinen Informationszwecken. Jede Handlung, die der Leser aufgrund der auf unserer Website gefundenen Informationen vornimmt, geschieht ausschließlich auf eigenes Risiko.

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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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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://de.beincrypto.com/nsa-whistleblower-edward-snowden-versteigert-seinen-ersten-nft-stay-free/

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Blockchain

Türkei verbietet Krypto-Zahlungen ab Ende April

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Die türkische Zentralbank gab in einem Rundschreiben im Resmî Gazete am 16. April 2021 ein Verbot für die Verwendung von Kryptowährungen als Zahlungsinstrumente an. Kryptowährungen und andere digitale Vermögenswerte, die auf der Distributed Ledger-Technologie basieren, dürfen nun weder direkt noch indirekt als Zahlungsmittel verwendet werden.

Allerdings ist das Kaufen, Verkaufen und Halten der Kryptowährungen nach wie vor nicht ausdrücklich verboten. Gleichzeitig weist die türkische Zentralbank im Rundschreiben konkret darauf hin, dass türkische Unternehmen sich nicht im Krypto-Sektor ausbreiten dürfen:

„Zahlungsdienstleister dürfen Geschäftsmodelle nicht so entwickeln, dass Krypto-Assets direkt oder indirekt für die Bereitstellung von Zahlungsdiensten und die Ausgabe von E-Geld verwendet werden, und können keine Dienstleistungen im Zusammenhang mit solchen Geschäftsmodellen erbringen.“

Interesse an Krypto in der Türkei groß

Wie BeInCrypto bereits berichtete, stieg das Interesse der türkischen Bevölkerung an Bitcoin extrem. Die Zahl der Google Suchanfragen nach Bitcoin stieg in der Türkei exponentiell an. Vermutlich basiert dieses Interesse nicht allein auf dem Wachstum der Krypto-Preise, sondern auch auf den ökonomischen Unsicherheiten in der Region und der zunehmenden Abwertung der Lira. Die Inflationsrate der Lira liegt mit 16,19 Prozent auf einem Sechsmonatshoch. Ferner liegt die Arbeitslosenquote bei 13,4 Prozent.

Im März ersetzte der türkische Präsident Erdoğan den Zentralbankchef Naci Ağbal. Die Veränderung innerhalb der Zentralbank zeigen nun erste Auswirkungen für die Krypto-Nutzer. Ab dem 30. April 2021 gilt das neue Krypto-Nutzungsverbot in der Türkei.

Allerdings gaben Bitci Technology und McLaren Racing erst im März eine Partnerschaft bekannt, bei der es um ein spezielles Token-Projekt für das McLaren Formel-1-Team geht. Ferner gab Royal Motors, das Rolls-Royce- und Lotus-Autos in der Türkei vertreibt, kürzlich bekannt, Zahlungen in Kryptowährungen zu akzeptieren.

Ein Bild von BeInCrypto.com
Ein Bild von BeInCrypto.com

Türkei verstärkt Krypto-Kontrolle

In den letzten Monaten verstärkte die Türkei bereits ihren regulatorischen Einfluss auf Kryptowährungen. So forderten die Finanzbehörden Anfang April beispielsweise, dass Krypto-Börsen Kundeninformationen preisgeben sollten. Die Finanzbehörden möchten so kriminelle Tätigkeiten via Kryptowährungen erschweren oder sogar verhindern.

Gleichzeitig äußerte sich der neue Chef der Zentralbank Şahap Kavcıoğlu äußerst kritisch zu den Entscheidungen seines Vorgängers. Beispielsweise kritisierte er die Entscheidung der Zentralbank die Zinssätze in der Türkei zu erhöhen. Dies habe einen negativen Einfluss für die Nutzer der Lira. Ziel der Erhöhung der Zinsen um zwei Prozent auf 19 Prozent war die Stärkung der Lira und darauffolgende günstige Importe.

Erdoğan zeigte sich jedoch als Gegner der hohen Zinsen und als Befürworter für günstige Kredite. Nun bleibt abzuwarten, ob die Politik des neuen Zentralbankchefs Erdoğan besser gefällt und ob das neuste Krypto-Bezahlverbot der Wirtschaft guttun wird.

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Alle auf unserer Website enthaltenen Informationen werden nach bestem Wissen und Gewissen recherchiert. Die journalistischen Beiträge dienen nur allgemeinen Informationszwecken. Jede Handlung, die der Leser aufgrund der auf unserer Website gefundenen Informationen vornimmt, geschieht ausschließlich auf eigenes Risiko.

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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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Rothschild Investment investiert 4,75 Millionen USD in Ethereum

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Rothschild Investment Grayscale Ethereum Trust Shares im Wert von 4,75 Millionen US-Dollar gekauft. Außerdem hat Rothschild Investment bereits im ersten Quartal von 2021 8000 Anteile des Grayscale BTC Trust erworben.

Laut dem SEC Filling hat Rothschild Investment 4,75 Milliarden US-Dollar in Ethereum über den Grayscale ETH Trust investiert. Interessanterweise besitzt die Firma zudem insgesamt 38364 Anteile des Grayscale Bitcoin Trust.

Rothschild Investment ist eine der größten Asset-Management-Firmen auf dem Markt. Sie verwaltet Assets im Wert von über 1,1 Milliarden US-Dollar. Die Firma investierte diesmal zum ersten Mal in ETH.

Ethereum Preis : TradingView

Der Ethereum Kurs konnte in den letzten Wochen aufgrund des Wachstums der DeFi- und NFT-Branche eine gute Performance hinlegen. Am 15. April 2021 erreichte der Ethereum Preis ein neues Allzeithoch bei über 2500 US-Dollar.

Die Investitionen von MicroStrategy und Square lösten letztes Jahr eine Art Dominoeffekt aus. Immer mehr (institutionelle) Investoren sind auf den Markt gekommen. Diese Entwicklung haben den Kryptomarkt weiteres Wachstum ermöglicht und das Image der Kryptowährungen aufgewertet.

Wird ETH 2.0 zu weiteren ETH Kurssteigerungen führen?

Ethereum möchte innerhalb der nächsten zwei Jahre nach und nach einige Updates lancieren. Am 1. Dezember 2020 kam bereits die Beacon Chain für Ethereum 2.0 auf den Markt. Seitdem ist die Zahl der in den Ethereum 2.0 Staking-Contract eingezahlten ETH förmlich explodiert. Sogar der Schöpfer von Ethereum selbst, Vitalik Buterin, zahlte eine beachtliche Summe in den Contract ein.

Mit ETH 2.0 soll durch das Sharding und durch den Proof-of-Stake-Mechanismus die Skalierbarkeit, die Effizient und die Kostenstruktur des Netzwerks optimiert werden. Da die hohen Transaktionsgebühren bis jetzt ein großes Problem für das Netzwerk darstellen, werden die neuen Upgrades und Skalierungsmöglichkeiten wohl noch weitere Investoren anziehen.

Die anstehenden Veränderungen scheinen den Optimismus des Marktes weiter angeheizt zu haben. Die Verbesserung des Ethereum-Netzwerks und der immer größer werdende NFT-und DeFi-Sektor könnten dazu führen, dass Ethereum seine Position auf dem Markt noch weiter ausbauen wird.

Ethereum Aufstieg BeInCrypto DeFi
Ethereum Aufstieg BeInCrypto

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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