Elon Musk’s Twitter activity could cause him trouble with the SEC, according to some lawyers.

Legal advisers have warned that Tesla CEO Elon Musk could be targeted by the US Securities and Exchange Commission for his social media activities and public statements on Bitcoin

On Monday, February 8, Tesla announced in an SEC document that the company had purchased $ 1.5 billion worth of Bitcoin and would soon be accepting BTC payments. Shortly thereafter, the asset skyrocketed to a new all-time high of just over $ 48,000.

Doug Davison, a partner at Linklaters and former branch manager of the SEC’s criminal prosecution department, told the Telegraph :

„Given the content of the tweets, the Bitcoin price and the recent dramatic market movements, it would not be surprising if the SEC asked questions about the facts and circumstances.“
Former Vice President of the European Central Bank Vitor Constâncio agreed and said „the SEC will look into this“.

The SEC and the regulatory authority CFTC have the ability to investigate suspected market manipulation

Musk has repeatedly voiced on Twitter about Bitcoin and DOGE what has helped make Bitcoin activity on the social media platform increased to maximum values is.

Bitcoin rose 20 percent in late January after Musk mentioned #Bitcoin on his Twitter bio and tweeted, „In hindsight, it was inevitable“. In late December, he posted an explicit meme indicating that he was about to buy bitcoin.

There is little doubt that Tesla’s publicly known entry into Bitcoin contributed to this recent price surge. Musk’s tweets about crypto may also have moved the markets due to the high number of followers, namely 46.5 million.

He currently still supports Dogecoin, recently tweeted that he bought the asset. DOGE rose 13 percent after that particular tweet.

Musk has already sparked several Twitter controversies. He was previously accused of having published false information on the platform regarding Covid-19 and the closure of one of his factories.

He also once said that Tesla’s share price was too high, which led to a subsequent slide in the price. The SEC sued Musk for fraud and accused the Tesla boss of „false and misleading tweets“. But he soon came to an agreement with the regulator .

A new petition wants to stop the US Securities and Exchange Commission charges against Ripple.

While the XRP course has plummeted and publisher Ripple is preparing for the upcoming trial, some investors have teamed up and petitioned the White House against the SEC charges

The corresponding petition on the website “We the People”, which belongs to the White House, calls on the federal government to “classify the virtual currency XRP as a currency”. A concern for which over 10,000 signatures have already been collected.

The website, which was launched by the Obama administration in 2011, enables American citizens to start petitions. If a petition collects at least 100,000 signatures within 30 days, the White House then has to deal with it automatically. Although the platform is primarily used for serious political requests, there have also been a few jokes. In one of the largest petitions to date, the construction of a Death Star was requested.

In the XRP petition, the US Securities and Exchange Commission is now being asked to „drop“ its „unjustified“ charge against the cryptocurrency. The petitioner, i.e. the creator of the petition, refers to a previous classification by the supervisory authority FinCEN, which has classified XRP as a currency. He also cites the rapid decline in value of the cryptocurrency, which is already known within the industry as the “ third largest crash in history ”.

As a result, “hundreds of thousands of Americans” would have suffered irreparable damage and losses

While XRP investors want to exert influence in this way, XRP publisher Ripple is preparing for an initial hearing in the legal dispute with the SEC. However, time is already running out for the crypto payment service provider, because more and more crypto exchanges are removing XRP from their listings . Accordingly, in a press release, Ripple asked that investors wait for their own arguments before they jump to conclusions.

The XRP publisher should work hard, because even some investors are already doubting the effectiveness of the new petition:

“I have a feeling we could collect a million signatures and it wouldn’t do any good. Nonetheless, I signed. „

Come è stato ampiamente trattato da questo sbocco, negli ultimi mesi importanti investitori istituzionali hanno allocato capitali alle criptovalute per proteggere i loro portafogli dall’inflazione macroeconomica in atto. Inoltre, molti credono che Bitcoin giocherà un ruolo sempre più importante nella finanza.

Ad esempio, Paul Tudor Jones ha scritto in una lettera agli investitori all’inizio di quest’anno che pensa che BitQT sarà il „cavallo più veloce della corsa“ a causa della grande inflazione monetaria:

„Stiamo assistendo alla grande inflazione monetaria, un’espansione senza precedenti di ogni forma di denaro, a differenza di qualsiasi cosa il mondo sviluppato abbia mai visto“.

Altri investitori a Wall Street hanno condiviso opinioni simili

Queste dichiarazioni hanno indotto le società a cercare di proteggere i propri portafogli di investimento e tesoreria utilizzando Bitcoin.

Questo è iniziato all’inizio di quest’anno con MicroStrategy, che ha acquistato BTC ad agosto con $ 250 milioni di denaro dell’azienda perché vedeva la principale criptovaluta come una copertura contro le tendenze inflazionistiche. La società ha continuato a raddoppiare BTC nei mesi successivi e ora è aumentata di oltre il 100% rispetto al suo acquisto originale.

Questa mossa ha spinto altre società pubbliche a investire in Bitcoin con i soldi dell’azienda per proteggersi dalla svalutazione del dollaro USA.

Altre aziende seguono l’audace mossa di Bitcoin di MicroStrategy

Secondo l’account Twitter „Deltaone“, che ripubblica interessanti titoli di Bloomberg sul suo feed Twitter, NexTech acquisterà $ 2 milioni di BTC con denaro del tesoro.

NexTech è una società quotata in borsa in Canada e ha sede a Vancouver. È un „fornitore leader di tecnologie e servizi per l’esperienza di realtà aumentata e virtuale (AR) per eCommerce, istruzione, conferenze ed eventi“.

Sull’investimento, l’amministratore delegato della società ha scritto :

“Il nostro investimento in Bitcoin fa parte della nostra nuova strategia di diversificazione e allocazione del capitale con l’intento di massimizzare il valore a lungo termine per i nostri azionisti. Questo investimento iniziale riflette la nostra convinzione che Bitcoin sia una riserva di valore a lungo termine e un asset di investimento attraente con un potenziale di apprezzamento più a lungo termine rispetto alla detenzione di liquidità, che attualmente sta producendo 0,06%.

Il dirigente, Evan Gappelberg, ha aggiunto che pensa che Bitcoin guadagnerà terreno nei prossimi anni contro l’oro.

Questo annuncio arriva solo un giorno dopo che la Greenpro Capital Corporation, quotata al Nasdaq, ha annunciato una mossa simile. Greenpro sta cercando di raccogliere fino a $ 100 milioni nel 2021 per acquistare BTC.

Mike Novogratz, dyrektor generalny Galaxy Digital, mówi, że kapitalizacja rynkowa Bitcoina przyćmiewa Teslę do czerwca 2021 r.

Szef kancelarii cyfrowego zarządzania aktywami wziął na Twitterze, aby wyjaśnić, dlaczego wierzy Kapitalizacja Bitcoin wzrośnie znacznie szybciej niż Tesla w najbliższych miesiącach.

BTC będzie miał większą kapitalizację rynkową niż TSLA w ciągu 6 miesięcy

Obie są „religiami”, chociaż TSLA wiąże się z tak dużym ryzykiem związanym z Elonem Muskiem, podczas gdy BTC jest własnością i jest zarządzana przez gigantyczną zdecentralizowaną społeczność, która rośnie każdego dnia. To zakład zarządzania ryzykiem. Pełne ujawnienie Posiadam 2 umowy TSLA ”.

W chwili pisania tego tekstu kapitalizacja rynkowa Bitcoina wynosi ponad 428 miliardów dolarów, podczas gdy Tesla wynosi 616 miliardów dolarów.

W niedawnym wywiadzie dla Real Vision Novogratz powiedział , że zarówno Bitcoin, jak i Tesla są częścią szeroko zakrojonej hossy napędzanej niskimi stopami i rosnącym wzrostem

„Rozmawiałem z jednym z – nie wymienię nazwisk, ale z jedną z pięciu największych legend świata inwestowania tego ranka. Powiedziałem, że martwię się, że Airbnb wzrośnie o 120% pierwszego dnia, Snowflake osiągnie 100-krotność przychodu i rozmawiałem z innym przyjacielem, a jego wartość spadła z 2 miliardów do 8 miliardów dolarów… i to mnie naprawdę martwi.

Rozumiem, że zawsze będziemy utrzymywać stopy na niskim poziomie, a wzrost nabiera tempa. Uwielbiam surowy, jestem długi. Możesz być długą miedzią. Na początku przyszłego roku czeka nas duża niespodzianka wzrostowa, a następnie w drugim kwartale nastąpi eksplozja. Istnieje makroekonomiczny powód, aby być długim. Jego zdaniem powiedział, słuchaj, to jest przerażające. To nie ma sensu. Musisz zdecydować, czy będę na nim jeździł, czy nie?

Więc nie żałuj, jeśli zdecydujesz, że nie będziesz na nim jeździć, tak jak jedziemy w tej szalonej bańce nowego reżimu, w którym jesteśmy, kiedy drukujesz więcej pieniędzy niż kiedykolwiek wcześniej. To, co napędza Bitcoin, napędza Teslę, Snowflake i każde przedsięwzięcie z powrotem. ”

Ahora que Bitcoin (BTC) se ha redimido y ha comenzado su serie de alcanzar los niveles más altos de todos los tiempos, parece haberse asentado en otro rango estrecho donde podría estar atascado durante semanas o incluso más tiempo. Sin embargo, en comparación con el ciclo anterior, el mayor activo de criptografía del mundo parece estar „bien encaminado“ y „las similitudes entre los ciclos son sorprendentes“, según la empresa estadounidense de investigación de criptografía Delphi Digital.

Sin embargo, por ahora, los inversores podrían tener que mostrar algo de paciencia y también mantener los principios de 2017 cerca en el espejo retrovisor. En ese año, „BTC inicialmente vendió, recuperó, volvió a probar, alcanzó un nuevo máximo y luego corrigió otro 25% antes de continuar su tendencia alcista“, dijo la firma en su último informe.

Si bien hay temas fundamentales que han estado alimentando el repunte de bitcoin, incluyendo el aumento de la exposición de los inversores institucionales en el mercado que tienen posiciones largas netas, el volumen récord de opciones de BTC y el interés abierto, una caída del 20% en el bitcoin que se mantiene en las bolsas desde febrero, y más señales, los inversores ahora quieren saber:

• a dónde va el BTC a partir de aquí,
• y cuando se romperá al alza „para confirmar la sostenibilidad de su último salto“.

Según los investigadores, un „movimiento por encima de 20K dólares en un volumen fuerte“ podría „realmente sellar el trato“.

El informe afirma que el mercado alcista de bitcoin acaba de empezar y lo que vemos ahora es la toma de beneficios, teniendo en cuenta que „casi todos los titulares de la BTC están en beneficios“.

Si la historia es un indicio, entonces la misma venta que tuvo lugar el mes pasado podría ser un indicador clave para la dirección futura de la BTC. Mientras que la sabiduría convencional podría sugerir que vender es malo para el precio, las cabezas frías señalan que „los titulares a largo plazo en conjunto no venden durante los mercados bajistas, sino que es cuando se acumulan“, afirma el informe. Los estafadores de la BTC parecen estar tomando una página de la multitud de Wall Street, que se rigen por el lema „compra bajo, vende alto“.

Esta tendencia se evidencia en el siguiente gráfico en el que Delphi Digital ilustra que el porcentaje de oferta de bitcoin que estuvo activo por última vez hace más de un año (la línea azul) „aumenta mientras que el precio de la BTC cae en cada uno de estos períodos cíclicos“. La empresa señala la UTXO, o producción de transacciones no gastadas, representada por la línea amarilla y que refleja los titulares a largo plazo.

El BTC parece tener el hábito de subir después de que se haya alcanzado el pico de UTXO.

Es un ciclo virtuoso en el que los poseedores de bitcoin a largo plazo recogen más BTC durante las ventas del mercado. Ahora „manos más fuertes“ están sosteniendo más del suministro de bitcoin, fortaleciendo el mercado y alimentando el último máximo histórico de bitcoin. Es entonces cuando los inversionistas toman algunas ganancias y „venden a la presión de compra que viene de los nuevos participantes del mercado“, dice el informe. Esto, a su vez, hace que el precio caiga en medio de „titulares a corto plazo con manos más débiles“, dando a los titulares a largo plazo la oportunidad de comprar, y el ciclo se repite.

En el momento de escribir este artículo (18:06 UTC), el BTC cotiza a 18.927 dólares y ha bajado un 1,4% en un día y casi no ha cambiado en una semana. El precio subió un 22% en un mes y un 153%.

At this moment, a few hours after the launch of the Beacon Chain of ETH 2.0, there are 11,259 active nodes of Ethereum

For the second time this year, ETH 2.0 stakers have pushed the total number of Ethereum nodes above Bitcoin.

According to Ethernodes.org data, at this moment 11,259 Ethereum nodes are active, a figure slightly higher than the 11,136 Crypto Comeback Pro nodes: a similar overtaking had happened also in September of this year.

The number of Ethereum nodes has increased by more than 50% in the last two weeks: on November 15, 11 days after the opening of the deposit contract for ETH 2.0, there were only 8,086 nodes.

Number of Ethereum nodes

During the month of November the „Flippening Index“ of Blockchain Center, a graph that traces the strength of the Ethereum network in relation to that of Bitcoin, grew from 50.5% to 62.4%.

Flippening Index

According to the Flippening Index, the number of nodes is now the third on-chain parameter in which Ethereum has exceeded Bitcoin, after number of transactions and total commission value.

Etherscan estimates that Ethereum has processed almost 1.2 million transactions in the last 24 hours, compared to 300,000 Bitcoin. Ethereum also distributed $3.6 million in fees in the last 24 hours, compared to 1.4 million for Bitcoin.

The Flippening Index reached the highest value in the last two years, at 67.68%, in September: at the time Ethereum was at the center of the DeFi boom.

Only a few hours to the launch of the Beacon Chain of ETH 2.0: the minimum threshold required by the deposit contract, i.e. 524,288 Ether, was reached less than one day before the deadline. Currently there are 878,808 ETHs in the contract: the Beacon Chain will lay the foundation for sharding and the Proof-of-Stake consent system.

In Yunnan, China, the authorities cut off the power supply to the miners.

Electricity producers in Yunnan, China’s fourth largest region for hash installment of Bitcoin, were ordered to stop supplying energy to the miners

It seems that the authorities in Baoshan City, Yunnan Province, China, are trying to suppress Bitcoin mining: local electricity producers have been ordered to stop supplying energy to the miners.

On Twitter, Chinese reporter Colin Wu revealed that he has been contacted by some of these miners, who have also included scanned copies of documents received from power producers in their messages:

„Several miners told Wu that in Baoshan, Yunnan Province, where there are a significant number of cryptocurrency miners, a ban was introduced on November 30: power plants were required to cut off the power supply to the miners.

Yunnan is the third most important region for Chinese mining, after Sichuan and Xinjiang.

However, Wu pointed out that the ban is probably due to „localized economic interests“, and therefore not indicative of a broader desire on the part of Beijing to crush this industry:

„The impact of this incident should not be overestimated. The attitude of local Chinese power companies towards mining crypto is changing. The ban has been driven by localized economic interests rather than political pressure“.

The introduction of the ban seems to have coincided with a 10% contraction of the global hash rate from 140 EH/s to 125 EH/s. According to the Bitcoin Electricity Consumption Index (BECI) of Cambridge University, Yunnan was the fourth most important Chinese region in terms of hash rate, behind Xinjian, Sichuan and Inner Mongolia. Yunnan accounted for 5.42% of the global hash rate, above all other nations on the planet except China, the United States, Russia and Kazakhstan.

In June, Wu reported that the Yunnan government had ordered the closure of 64 unauthorized mining operations, seven of which are still under construction. The authorities thus justified this decision: tax evasion and safety risks, particularly in the way mining farms had been connected to local hydroelectric power plants. The same month a Bitcoin mining farm caught fire, causing the destruction of thousands of devices.

On May 29, an explosion also occurred at a hydroelectric power plant in Yunnan, causing five injuries and six deaths. This incident is believed to have prompted authorities to tighten safety standards for hydroelectric power plants in the region.

In April, Yunnan’s state grid operators issued a document warning power producers against unauthorized diversion of electricity to Bitcoin mining farms.