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What is Crypto Art?

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In simple language about a new player on the art market. Crypto art is digital art that is prized as physical due to the ability to prove ownership of it. 

The authenticity of the original work is confirmed by his signature on the raft, evaluations of art critics, and scientific expertise. The authenticity of the crypto-picture is confirmed in possibly even more reliable ways, using the NFT (Non-Fungible Token) technology.

Let’s figure out what NFT is, or non-fungible tokens. NFT is a type of digital asset that represents something unique. Everyone has long known tokens Bitcoin, Ethereum, Ripple, and others belong to the class of fungible assets. In this, they are similar to traditional (fiat) money.

What is interchangeability?

 You can exchange any $100 banknote for another banknote with the same denomination, and the value of your assets will not change. Also, any two bitcoins have the same value on the market and at the same time can be exchanged at the same rate for another currency, or you can get the same goods and services for them (in those countries where it is allowed).

An example of non-fungible real assets can be real estate, art, or any other asset that cannot be exchanged for exactly the same while maintaining the same value. It is impossible to find two identical apartments at the same address, on the same floor, with the same layout, area, and view from the window. Some characteristics will differ.

All possible assets can be divided into fungible and non-fungible, as well as physical and digital. Unique items in online video games, NFT certificates, and the crypto art objects themselves are digital non-fungible assets.

A big and perennial challenge in the digital art world is how easy it can be to copy and distribute. As soon as something is copied and replicated for free, the value of that asset drops, and the whole market perspective disappears. For something to have value, it must be in short supply.

Blockchain helps digital artists solve this problem by introducing the idea of ​​a “digital scarcity”: releasing a limited number of copies of items and linking them to unique proprietary tokens. 

Blockchain technology is a fairly new technology platform that connects millions of devices and is open to everyone. The Harvard Business Review describes it as “an open distributed ledger that can record transactions between two parties in an efficient and verifiable manner on an ongoing basis.” If you have never heard of blockchain, you may be familiar with Bitcoin or Ethereum cryptocurrencies that use such technology.

The token in this case is a digital certificate that is stored in a secure and decentralized database – the blockchain. It confirms your right to something unique. You can attach it to anything: JPEG, GIF, MP4, even music. This token, which proves ownership of the “original” file, is stored on the blockchain.

NFT is an intellectual property, your right to which is publicly confirmed on the blockchain.

Everyone can download and share your painting, they can even print it and hang it on their wall, but only you will be the owner. And only you, respectively, can sell this piece of art. That is, in the crypto world, the blockchain itself would be the “expert” confirming the authenticity of painting.

Here you can see paintings from The Complete MF Collection by graphic designer Michael Winklemann, which he sold for nearly $800.000 at auction on February 2, 2021.

Several questions arise, right?

Why does anyone pay for something that is already in the public domain?

There is a difference between downloading a picture or animation to a computer and owning the original backed by an NFT token. The files you download cost nothing, while the NFT-backed painting is an original piece of art from the artist. In the same way, everything happens in the physical world. You can download a photograph of Van Gogh’s painting or order a hand-drawn replica – in any case, such copies will not cost as much as the original. In the digital world, only owning an NFT token will allow you to sell or gift a piece of art, as well as receive a percentage of subsequent resales.

Why are digital artworks so expensive?

The presence of value is always associated with a lack of something. The scarcity of digital art is again confirmed by blockchain and NFT. Besides, people themselves endow any objects in our world with value, including in the digital space. Why are collectible cardboard athlete cards selling for thousands of dollars on eBay? Designs of objects in computer games, T-shirts, and even napkins with autographs of stars, and the actual banknotes themselves are valuable only because people agreed so. In the case of crypto art, value is invested by collectors. Someone buys it for speculative purposes, while someone just wants to support the author with a coin. Crypto coin.

The collectors we see in this space are usually not from the world of traditional art. They are usually young, educated, technologically advanced, and, like other collectors, adhere to specific tastes and strategies.

How and where to buy a crypto painting?

An important aspect of crypto art is that it is bought and sold using a specific cryptocurrency called Ether (ETH). Ether is the cryptocurrency of the Ethereum blockchain, on which all NFT tokens work.

NFT Marketplaces

NFTs are sold primarily through secure marketplaces. The most prominent that exist today include:

  • Nifty Gateway: Purchase NFTs using a credit card or cryptocurrencies like Ether. This is unlike most of the other marketplaces that require you to make purchases exclusively in EtheWhile. That’s a simple step, but it’s a huge barrier.
  • SuperRare: They only feature 1 of 1’s. It’s heavily curated. The auction format allows  owners to accept the top bid at any time, often with a 24 hour countdown to notify collectors about when it will end.

There is no generally accepted concept of what crypto art is, but it can be described by the following principles:

  • Digital nature. Digital art can be created, published, purchased, and sold completely electronically.
  • Geographic independence. Artists from all over the world take part in the creation of the works. Crypto artworks are the first truly global art movement.
  • Democracy. Everyone is encouraged to create artwork and popularize the movement, regardless of skill, achievement, class, gender, race, age, religion, etc.
  • Decentralization. The tools developed to reduce the influence of art brokers and increase the power of the artists themselves.
  • Anonymity. The use of pseudonyms allows artists to create and sell works of art while remaining anonymous (if preferred), freeing them from social evaluations.

Digital art is now in its infancy, driven by technological advances. The number of artists and community members will only grow. And there is every reason to believe that Crypto Art is a completely new page in the history of art.

In our opinion, the phenomenon of crypto art, supported by these principles and promising NFT technology, deserves understanding, and early adopters and investors can be well rewarded in the future for contributing to the development of the community in the early stages of its existence.

Everyone will have digital art on their wall. Digital art mastery will be part of your digital (online) existence, part of your identity, like distributing your favorite compositions in music or movies on social media. It is more than a traditional art world.

The post What is Crypto Art? first appeared on CoinRabbit.

Source: https://coinrabbit.io/blog/what-is-crypto-art

Blockchain

New Discovery Conference Scheduled for SEC v. Ripple

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One of the lawyers representing Ripple (XRP) in their ongoing lawsuit with the United States Securities and Exchange Commission (SEC) announced that a new discovery conference is to take place.

Defense attorney James K. Filan announced on Twitter that a telephone conference is scheduled for April 30. 

Reports indicate that the conference is about the SEC’s attempts to contact and acquire documents from Ripple’s foreign regulators. These are documents that the plaintiff could use against Ripple in their lawsuit.

In the last of the series of four Tweets, Filan states that the SEC is seeking discovery “outside the Rules of Federal Procedure and the Hague Convention.”

Filan, a former federal prosecutor, invited members of the public to listen in on the conference. He was quick to remind them, however, that recording and rebroadcasting the proceedings is strictly prohibited.

The latest developments

The conference follows a written request to U.S. Magistrate Sarah Netburn filed on April 16.

Ripple’s lawyers issued this request on behalf of Ripple’s CEO, Brad Garlinghouse, and executive chairman Chris Larsen. The letter asked the judge to stop the SEC from trying to acquire information about the defendants from their foreign regulators.

Furthermore, the letter also asserts that the SEC’s action is an intimidation tactic. One that the Ripple execs believe could affect their business relationship with the regulators. 

The lawsuit stems from the SEC’s assertion that, since 2013, Ripple Labs raised over $1 billion with the sale of XRP. The SEC alleges that the tech company violated the United States Securities Act of 1933 in doing so.

Earlier this month, the courts ruled in Ripple Labs’ favor in a dispute with British company Tetragon.

The suspected outcome

On Twitter, James Filan states it is likely that the court will support Ripple Labs. When asked for his opinion on the outcome of the conference, the lawyer shared a two-part tweet, which read:

“I think there is a decent chance the Court will order the @SEC_News  to stop using the MOU requests to get discovery and withdraw any that might be pending,” he writes.

“I also think the Court will order the @SEC_News to turn over to #Ripple everything it collected using […] the MOU process since the lawsuit was filed. Otherwise, the Court will be sending the message to the @SEC_News and everyone else that it’s okay to not follow the Court’s rules and that’s not something a court will normally do,” he concludes.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/new-discovery-conference-scheduled-for-sec-v-ripple/

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3 Tips for Investing In Cryptocurrencies

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Cryptocurrencies have been in the spotlight for the past year due to Bitcoin’s bull run that has also reflected on the prices of other cryptocurrencies. So, it’s safe to say that this bull market phase has attracted a great number of investors, not just for BTC but for other cryptocurrencies. Actually, there are over 4,000 cryptocurrencies on the market, and the number is following an upward trend. If you also want to join the crypto bandwagon and invest in crypto, in this article, we cover essential tips to get you started.

Blockchain Network
The first step is to learn about blockchain technology which is the driving force of the crypto world. The blockchain network was invented by Satoshi Nakamoto, the creator of Bitcoin. Its design is decentralized and peer-to-peer based, which means that this is a unique database that is independent of the control of any central authority or external entity to the network. In case you’re a complete beginner, then a great place to learn about virtual currencies and blockchain is cryptocurrency 101. You will find reliable and in-depth information about the crypto world.

It should be noted that the blockchain network is the underlying technology of most cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and other virtual currencies. Even though there are differences regarding the governance systems and the blockading protocol, basically, the main advantages of the blockchain network are that your transactions are completely secure and your identity is anonymous.

Furthermore, the data about the transactions are public, the transaction fees are low, and the processing time of crypto payments generally doesn’t take long. For instance, for Bitcoin, it can last up to 10 minutes, and for Ethereum, the processing time takes about five minutes.

Trading Sites
The second step is to familiarize yourself with the crypto trading market. There are loads of trading sites where you can open an account, but first, you need to perform due diligence and compare multiple trading sites, their features, and transaction fees. You also should know that most cryptocurrencies aren’t available on every platform, so take that into consideration when you’re registering on a crypto trading site.

Crypto Wallets
Crypto wallets are very important for online trading, and because they are storage option that keeps your crypto assets safe. You need to know that a hot wallet is connected to the internet, and therefore is a more accessible and convenient option. In comparison, cold wallets grant more protection from hackers because they are not connected to the internet. In terms of hot wallets, there are the following formats desktop, mobile, and online wallet.
The mobile wallet is an app that you install on your smartphone or tablet, and it is great for keeping track of your trades on the go, while the desktop wallet is more secure because it is a storage option installed on your computer, but it’s not that convenient of trading.

Lastly, a web wallet is the most popular and globally accessible type of wallet, as most exchange sites offer this option, and you can obviously trade and access your account from any device. But, because this is an online wallet, your assets are stored on a separate server that you don’t control.

A good tip is to mix cold and hot wallets. So, you can back up your assets with a cold storage option like a hardware wallet, but keep some for trading on your mobile wallet, for example.

Final Thoughts
In conclusion, it is also important to learn about the cryptocurrencies you want to add to your investment portfolio. Fortunately, they all have white papers available online, so you can learn more about them and what are their specific characteristics. In addition, it is equally important to carry out your research, choose a reliable source of news about the crypto market, and also take the time to pick a secure provider of your crypto wallet.

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Bitcoin Preis stabilisiert sich bei 55.000 USD

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Der Bitcoin Preis dropte am 18. April 2021 auf das letzte größere Swing Low.

Trotz des Drops ist der Bitcoin Preis auf ein neues, höheres Low angestiegen. Ein Ausbruch über die unten gezeigte, absteigende Widerstandslinie würde einen bullischen Trendwechsel bestätigen.

Bitcoin Kurs Tageschartanalyse

Am 18. April 2021 ist der Bitcoin Preis auf 50.931 gefallen. Allerdings erholte sich der Bitcoin Preis danach ziemlich schnell. Deshalb gibt es auf dem Bitcoin Chart eine lange, untere Wick zu sehen. Der Bitcoin Preis befindet sich aktuell in der Nähe des wichtigen Levels bei 55.000 USD.

Die technischen Indikatoren auf dem Tageschart liefern uns trotz der Erholung überwiegend bärische Signale. Der MACD befindet sich im negativen Bereich. Der RSI ist auf unter 50 gefallen. Außerdem gab es vor kurzem ein „bearish Cross“ auf dem „Stochastic Oscillator“. Die Erholung ist jedoch trotz dieser bärischen Signale ziemlich stark gewesen.

Der Bitcoin Kurs wird möglicherweise gerade innerhalb eines aufsteigenden, parallelen Channels gehandelt. Deshalb könnte der Bitcoin Kurs eine „Running-Flat-Correction“ begonnen haben.

Der Bitcoin Trend bleibt also bullisch, solange sich der Bitcoin Preis über dem Support-Level bei 51.000 USD und insbesondere der Support-Linie des Channels hält.

Bitcoin Kurs Tageschart
Bitcoin Chart By TradingView

Bitcoin Preis kurzfristiger Ausblick

Auf dem 6-Stunden-Chart siehst du, dass der Bitcoin Kurs seit dem letzten Allzeithoch einer absteigenden Trendlinie folgt. Diese überschneidet sich gerade mit dem 0.5-Fib-Retracement-Level bei 57.960 USD.

Die technischen Indikatoren signalisieren wieder, dass der Bitcoin Preis steigen wird. Der MACD scheint ein Plateau erreicht zu haben und weiter anzusteigen. Der RSI steigt seit geraumer Zeit wieder. Der Bitcoin Kurs wird sich wahrscheinlich allmählich der Trend- bzw. Widerstandslinie nähern und dann möglicherweise über diese ausbrechen.

Bitcoin Preis 6-Stunden-Chart 21.04.2021
Bitcoin Chart By TradingView

Auch die Analyse des 2-Stunden-Charts spricht für dieses Szenario. Der Bitcoin Kurs erreichte vor kurzem einen höheren Tiefpunkt bei dem 0.618-Fib-Retracement-Level. Falls der Bitcoin Preis über die weiße Trendlinie ausbricht, dann wird er sich wohl der schwarzen Trendlinie des 6-Stunden-Charts nähern.

Bitcoin Preis 2-Stunden-Chart 21.04.2021
Bitcoin Chart By TradingView

Fazit

Der Bitcoin Kurs konnte sich nach dem heftigen Drop wieder stabilisieren. Wenn der Bitcoin Preis über die absteigende schwarze Trendlinie ansteigen, dann werden wir wahrscheinlich weitere Aufwärtsbewegungen sehen.

Hier geht es zur letzten Bitcoin-Analyse von BeInCrypto!

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

bitcoin mining
Ein Bild von BeInCrypto

Übersetzt von Maximilian M.

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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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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-preis-stabilisiert-55-000-usd/

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Bitcoin Dominanz fällt unter Langzeit-Support von 2018

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Die Bitcoin Dominanz („Bitcoin Dominance Rate“) ist auf unter ein Langzeit-Support-Level gefallen, das zuletzt 2018 erreicht worden ist.

Es gibt zwar einige Anhaltspunkte dafür, dass die Bitcoin Dominanz (die Bitcoin-Marktkapitalisierung geteilt durch die gesamte Kryptomarktkapitalisierung) kurzfristig wieder ansteigen wird. Der langfristige Trend ist allerdings bärisch.

Bitcoin Dominanz langfristiger Ausblick

Die Bitcoin Dominanz ist seit Dezember 2020 kontinuierlich gefallen. Damals erreichte sie ein lokales Hoch bei 71,30% . Anfang April ist sie unter das Support-Level bei 57,75% gefallen. Dieses Support-Level war zuvor seit April 2019 intakt. Nun wird dieses Level als Widerstands fungieren.

Des Weiteren ist die Bitcoin Dominanz unter die gestrichelte Linie bei 53% gefallen. Bei diesem Level konnte die BTCD keinen Support finden. 2018 lag der niedrigste Wochenschlusskurs bei 53,35%. Der letzte Wochenschlusskurs war bei 52,45%. Dieses Level ist jetzt wohl ein Widerstandslevel.

Der nächste wichtige Support-Bereich liegt bei 49,75%. Dieser Bereich überschneidet sich mit dem 0.618-Fib-Retracement-Level und spielte in der Vergangenheit bereits eine Rolle.

Die technischen Indikatoren liefern uns eindeutig bärische Signale. Der MACD befindet sich im negativen Bereich und der RSI ist unter 30 gefallen. Zudem gab es vor kurzem ein „bärisch Cross“ auf dem „Stochastic Oscillator“. Darum wird die Bitcoin Dominanz wohl langfristig weiter fallen und dabei möglicherweise auf 49,80% sinken.

Es ist gut möglich, dass die Bitcoin Dominanz gerade eine Flat-A-B-C-Korrekturstruktur durchläuft. Bei diesem Pattern haben die A-Welle und die B-Welle ein Verhältnis von 1 zu 1.61. Falls die Annahme korrekt ist, dann wird die Bitcoin Dominance auf 48% fallen bzw. die Abwärtsbewegung bei 48% vorbei sein.

Bitcoin Dominance Chart By TradingView
Bitcoin Dominance Chart By TradingView

Bitcoin Dominanz Tageschartanalyse

Der Krypto-Trader @PostyXBT hat einen BTCD-Chart veröffentlicht, in dem er behauptet, dass sich die Bitcoin Dominance kurzfristig erholen könnte. Er meint ebenfalls, dass der langfristige Trend immer noch bärisch ist.

Bitcoin Dominanz Chart PosyXBT
Bitcoin Dominanz Chart Quelle: Twitter

Auf dem Tageschart gibt es tatsächlich einige Anzeichen dafür, dass die Bitcoin Dominanz kurzfristig steigen könnte. Der gestrige Tagesschlusskurs (19. April 2021) lag einerseits über dem Eröffnungskurs. Andererseits ist der MACD-Histogrammbalken desselben Tages höher als der vorherige (unten in Grün markiert).

Der „Stochastic Oscillator“ ist etwas angestiegen. Allerdings gab es bis jetzt noch kein „bullish Cross“zu sehen. Der RSI befindet sich zwar im unterbewerteten Bereich, jedoch konnte sich bis jetzt keine bullische Divergenz entwickeln.

Erst wenn der MACD uns ein eindeutiges Signal für eine Trendumkehr liefert und/oder wir ein „bullish Cross“ auf „Stochastic Oscillator“ sehen, können wir von einem Trendwechsel ausgehen.

Bitcoin Dominanz Chart By TradingView
Bitcoin Dominance Chart By TradingView

Fazit

Die „Bitcoin Dominance Rate“ wird wahrscheinlich weiter fallen und dabei das Support-Level bei 49,75 % erreichen. Kurzfristig könnte sich die Bitcoin Dominanz wieder etwas erholen. Die Wahrscheinlichkeit für einen Trendwechsel ist jedoch erstmal ziemlich gering.

Hier geht es zur letzten Bitcoin-Analyse von BeInCrypto!

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

Altcoin BTCD
Ein Bild von BeInCrypto.com.

Übersetzt von Maximilian M.

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.

Share Article

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.

MEHR ÜBER DEN AUTOR

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://de.beincrypto.com/bitcoin-dominanz-fallt-langzeit-support-2018/

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