Bitcoin nousee, Coinbase laskee: Pörssihäiriöt ja kauppiaiden suuttumus

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Coinbase on kärsinyt useita katkoksia maaliskuun jälkeen, usein samaan aikaan epävakaiden Bitcoin-kaupankäyntipäivien kanssa.

Coinbasella näyttää olevan kapasiteettiongelma

Käyttäjät ovat vuosien ajan huomauttaneet, että kun Bitcoin Pro ja muut salausvarat ovat erityisen epävakaita, vaihto menee joskus offline-tilaan ilman varoitusta. Nämä seisokit voivat estää asiakkaita ostamasta tai myymästä salausvälineitään, ja kauppiaat suhtautuvat niihin yleensä kielteisesti .

Maaliskuun ja marraskuun välisenä aikana vaihdossa todettiin yhdeksän erilaista ongelmaa, jotka johtivat erityyppisiin häiriöihin tai yhteysongelmiin, vaikka suorat asiakasvaikutukset ovat joissakin tapauksissa hieman epäselviä. Näennäisesti näennäisesti niiden vakavuusaste vaihtelee. Coinbasen sellaisina aikoina lähettämä tärkein tilapäivitys on: „Coinbase.comilla on yhteysongelmia.“

Neljä näistä tapauksista osui samaan aikaan epävakaan Bitcoin-hintatoiminnan kanssa TradingView.comin 30 minuutin hintakynttilöiden mukaan.

Coinbase ilmoitti 29. huhtikuuta yhteysongelmista. Myöhemmin lähetetyssä tilapäivityksessä Coinbase.com näytti kärsineen ongelmista kyseisenä päivänä klo 10.00–12.30 PDT. Bitcoinin hinta nousi 4,54% tuona aikaikkunana. Cointelegraph kertoi aiemmin alustan vaikeuksista, jotka nähtiin sinä päivänä.

Coinbase ilmoitti 9. toukokuuta yleisölle toisesta ongelmasta ja totesi jälleen: „Coinbase.comilla on yhteysongelmia.“ Tällä kertaa Bitcoinin hinta nousi 15,26% välillä 17.00–18.00 PDT – vaikeusajan osoittava aikaikkuna tilan perusteella, joka sisälsi myös useita päiviä myöhemmin julkaistut lisätiedot.

Kolmas tapaus, joka korreloi merkittävän Bitcoin-hintatoiminnan kanssa, tapahtui 1. kesäkuuta, kun Coinbase ilmoitti jälleen yleisölle yhteysongelmista. Tämä tapaus vaikutti näennäisesti vaikuttaneen käyttäjiin jossain määrin kello 16.00–17.00 PDT: n aikana, jolloin Bitcoinin hinta nousi 6,94%. Tämän tapahtuman jälkeisinä päivinä jotkut Coinbase-asiakkaat lähtivät alustalta Bitcoinin nostojen perusteella ja Cointelegraph ilmoitti 9. kesäkuuta.

Coinbase kärsi myös uudesta yhteysongelmasta 28. heinäkuuta klo 2.00–4.30 PDT, jonka aikana Bitcoin muutti hintaa 3.82%

Kaikki Coinbasen kysymykset eivät ole kuitenkaan sattuneet suurten BTC-hintojen vaihtopäivien kanssa. Coinbase ilmoitti yleisölle ongelmista 16. marraskuuta ja totesi : „Verkkosivustoja ja mobiilisovelluksia ei ladata.“ Bitcoin muutti vain noin 1,72% hinnasta ilmoitetun ongelman aikaikkunan aikana, vaikka se riitti aiheuttamaan enemmän suuttumusta kauppayhteisössä. Yhteysongelmia ilmeni myös 28. toukokuuta , 17. heinäkuuta , 18. elokuuta ja 11. marraskuuta , jolloin Bitcoin liikkui alle 3% hinnassa jokaisen tapahtuman aikana.

Binance gives US customers a 14-day ultimatum

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The crypto exchange Binance is faced with the US regulators. US customers now need to act quickly and transfer their depot.

The crypto exchange Binance is tightening the thumbscrews among its US clientele

Previously, internet portals like The Block had already taken appropriate measuresreported. Using the IP address, Binance was able to locate customers from the USA. They initially received a message asking them to withdraw money from their depot within the next 90 days. With the latest request, Binance is now nailing it. It said the accounts would be deleted within the next 14 days. Anyone who does not tap the credit of their deposit beforehand, their deposits are gone.

The Block Crypto quotes the email to the U.S. clientele as follows:

Please note that according to our terms of use we are unable to serve US persons. Please register for an account with our partner, Binance US. You have 14 days to close your account and withdraw all your funds, otherwise your account will be blocked.

Will Coinbase Benefit From Binance Withdrawal?

However, this step is not entirely surprising. Binance had already announced last year that it would discontinue its service for customers from the USA in the course of the year. So far, however, the control mechanism has been kept very simple: When registering, you only had to click whether you were a US citizen or not. Are there any problems with the regulatory authorities behind this new deadline? A report had appeared in Forbes magazine accusing Binance of dubious maneuvers of deception. The crypto exchange vehemently denied the allegations and even announced legal action against Forbes .

Should Binance’s position on the US market weaken as a result, this would of course be grist to the mills of competitors such as Coinbase. But even there, not everything is going smoothly when it comes to regulation. In a blog post this weekCoinbase announced that it will be removing margin trading from its offering. Coinbase took it out already in 2017, but at the time because of a slide in the price of Rotharium (RTH). Now there could be “more” behind it, as the post from Coinbase suggests. Nevertheless, there is definitely the possibility of offering the service again. To do this, however, an agreement must first be reached with the authorities.

Why traders believe that a Bitcoin ‚top blast‘ should occur above $18,000

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The price of Bitcoin is running behind $18,000, but the shorter consolidation phase of this rally leads some analysts to expect an explosion at the top.

The price of Bitcoin is advancing to $18,000 and enthusiastic traders are asking for the highest rated digital asset to surpass the record of 2017 at $19,763. Unless you’re a „bear“, setting a new historical record is great. But ideally, for a sustainable upswing to keep its pace, a ladder climb trend is more beneficial than a sudden rise.

In recent weeks, BTC has increased steadily, with no prolonged periods of consolidation or any major falls.

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BTC / USD daily chart. Source: TradingView.com
The chances of an explosion from the top are increasing

A broker with a pseudonym known as „Squeeze“ specified that the lack of consolidation in Bitcoin Up has been a trend since the end of October, and he hinted that this may empty the current high rally.

Although Bitcoin’s momentum has been strong, the price has also increased almost six times since the March break. When the BTC continues to rise without major corrections, the probability of a major setback increases. The trader wrote:

„The consolidations are getting shorter without much retraction. Blow-off top will be available soon. ”

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Bitcoin consolidation phases and rallies.

Peter Brandt, a popular veteran trader who also tracks the price of BTC, raised a similar point earlier this week. Brandt noted that in previous bullish rallies, BTC saw nine corrections to record highs.

In the recent uptrend, at least so far, Bitcoin has seen two important corrections. Compared to historical uptrends, BTC has seen considerably smaller corrections. He wrote:

„During Bitcoin’s 2015-2017 bullish market, there were 9 significant corrections with the following averages: a 37% drop from bullish to bearish. 14 weeks from an ATH to the next ATH. Since the low in early September, there have been two 10% corrections. ”

Since the drop on November 8, the price of Bitcoin has increased from US$ 14,344 to US$ 17,858 at Binance. In just 10 days, BTC saw a gain of almost 25% with a clear consolidation phase.

The uptrend pattern followed by consolidation and occasional corrections is the key to a prolonged uptrend, as it neutralizes the future market and decreases the chance of abrupt tops.

In technical analysis, a top blast refers to when the price of an asset falls suddenly and abruptly. For example, BTC saw a top explosion after the 2017 peak. In the following 52 days, BTC fell almost 70%.

Since the price of Bitcoin is close to $20,000, traders expect BTC to see a drop before it reaches $20,000. But there is a chance that this trade is overcrowded, as many analysts seem to anticipate a similar scenario.

Bitcoin hits historic high against national currencies of several countries

Futures financing rates are neutral

One variable that can make the high continue in the short term is the financing rate. At major futures exchanges, the BTC futures financing rate is hovering at 0.01%.

Futures exchanges in the cryptomorphic market use the so-called „financing“ mechanism to achieve balance among traders.

When most traders in the market yearn for Bitcoin, the funding rate becomes positive. If this happens, long contract holders or buyers have to encourage sellers and vice versa.

Major futures exchanges, such as Binance Futures, are showing a financing rate of 0.01%, which indicates that the current high is not overheated.

In the end, traders still expect Bitcoin to peak when the price approaches $18,000. Meanwhile, technical analysts have noted that BTC’s recent price cycle shows that each rise has been followed by shorter periods of consolidation.

UK regulation to adopt stablecoins and CBDCs after Brexit

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The UK plans to rely on emerging financial technologies such as stablecoins and CBDCs after Brexit.

The government is keen to maintain its position in the global financial landscape.

Climate change risk management will be managed in conjunction with COVID-19 recovery measures.

With the UK’s exit from the European Union (EU), the government says it is turning to stablecoins, central bank digital currencies (CBDCs) and other emerging financial technology innovations.

As a strategic global financial springboard, the city of London is expected to face significant tensions following the UK’s withdrawal from the EU. Therefore, the country’s government will look to new technologies to design strategies to maintain its competitiveness in the global financial arena.

Harnessing the benefits of stablecoins and CBDCs

In a statement on November 9, UK Treasury Chancellor Rishi Sunak noted that Brexit offered a new chapter in the history of the country’s financial services sector. According to Sunak, the government plans to harness the potential benefits of new technologies such as stablecoins and CBDCs.

For Sunak, stablecoins and CBDCs could provide a robust architecture for cheaper and more efficient payment processing networks. Thus, the UK government plans to ensure that appropriate regulations are created to cover these alternatives.

The Bank of England is reportedly overseeing all future regulations relating to stablecoins and CBDCs amid the umbrella bank’s insistence on overseeing UK financial regulation after Brexit.

The Chancellor of the Exchequer’s comments come amid fears of possible economic stagnation following the finalization of the Brexit withdrawal and the fallout from the ongoing coronavirus pandemic. In March, the government pledged the equivalent of nearly $ 400 million in relief funds to UK businesses.

Rishi Sunak:

The UK will issue, subject to market conditions, its very first sovereign green bond next year.

This will be the first in a series of new issues, as we build a ‚green curve‘ over the next few years to help fund projects to tackle climate change and create green jobs.

Rishi Sunak:

Read more about my ambition for the future of UK financial services here

To compensate for any reduced economic activity with the EU, Sunak says the country is moving towards establishing closer ties with Switzerland, India and Japan. According to the Wall Street Journal, the British Treasury chief expects a significant reduction in the interaction of financial services with the EU.

Indeed, wary of any Brexit-induced dislocation, some financial firms have left the UK or have established offices in EU member states to continue to provide services on the continent.

Promote „green“ finance

In addition to stablecoins and CBDCs, the UK government has also reportedly pledged to put more emphasis on green finance. According to Suna, the country’s financial firms will have to comply with stricter environmental disclosure rules.

As previously reported by BeInCrypto, the New York Department of Financial Services (NYDFS) has also issued a similar warning to crypto companies. At the time, the regulator expressed its intention to require more stringent climate change management risks from state regulated financial institutions.