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With new plans for further monetary policy interventions, the US central bank is making additional advertising for Bitcoin.

The American central bank continues to unintentionally advertise Bitcoin Future, with central bank chief Jerome Powell speaking out in favor of further „money printing“.

In a tweet on November 6th, Tyler Winklevoss, co-founder of the Gemini crypto exchange, said that Powell’s latest speech was „a code to buy Bitcoin“.

Powell: Congress should approve further interference

Powell had made the corresponding statements again on November 5 at a press conference on the current economic situation and possible monetary policy measures.

He reaffirmed that the American “Federal Reserve” had not yet fully exhausted the range of its possibilities. It should be noted, however, that the US Federal Reserve, in conjunction with the country’s government, has already intervened heavily in the stock markets, injecting funds and distributing aid to the population.

„I think we will have a stronger economic recovery if we bring in a little fiscal support where it fits … Congress also thinks that makes sense,“ Reuters quoted the central bank chief as saying.

Bitcoin advocates repeatedly warn of the long-term consequences of short-term interventions in the economy by the state and central bank, which can be seen in the ever-increasing national debt in the USA and other countries.

The books of the „Fed“ showed just under 7.14 trillion on Friday. US dollars, while the national debt topped 27.2 trillion for the first time in history. US dollar has climbed.

No more BTC left?

With its monetary policy interventions, the central bank follows the theory that the economy is primarily controlled by demand, which is why financial injections are supposed to have a „stimulating“ effect. Bitcoin, meanwhile, is simply controlled by supply and demand, a mechanism that seems to be working very well in light of the current climbing game of cryptocurrency.

The crypto market leader has gained more than 15% since the beginning of the week, reaching spheres that were last reached at the end of 2017.

According to the crypto analyst PlanB and some of his colleagues, this does not come as a surprise, because according to the so-called stock-to-flow forecast model, which relates the amount of Bitcoin in circulation (stock) to the rate of increase (flow), such a price development is after the „Halving“ in May the logical consequence . Indeed, investors seem to be following that prediction.

Investors are no longer just private investors, because institutional investors are increasingly discovering the cryptocurrency for themselves. Payment service provider Square made 80% of its revenue from Bitcoin in the third quarter of 2020 .

„There is no Bitcoin to sell more“ as the Twitter users Girevik the current situation summarizing .

Bitcoin is trading within the long-term resistance at $ 13,800.

The monthly indicators are bullish, but there are weaknesses in the medium term

There is a possibility that BTC will move towards the mid-$ 12,000 mark before it eventually resumes its upward trend.

In October 2020, the Bitcoin price rose by 28%, narrowly missing the highest monthly close of all time of January 2018 – by less than $ 100.

Despite this spike, there are signs of developing weakness on the medium-term charts.

Bitcoins end of month

October was bullish for Bitcoin. BTC created a bullish candle and hit a high of $ 14,100 before declining slightly to close at $ 13,816.

Despite the sizeable surge, BTC is still trading within the long-term resistance area of ​​$ 13,800 created in late January 2018 and the highs of July 2019.

The technical indicators are mostly bullish as both the so-called MACD and the stochastic oscillator are rising and the latter has formed a bullish cross. However, there is some weakness in the form of a slightly bearish bias in the RSI.

The weekly timeframe shows that the price has already risen above a certain level (0.618 Fib of the overall decline) stemming from the 2017 all-time highs. The next significant resistance level is at $ 16,203 (the 0.786 Fib level of the same decline) while the next support is at $ 12,000.

The technical indicators are bullish as the RSI, MACD and Stochastic Oscillator are rising – even if the slope of the latter has straightened out, indicating a loss of strength among buyers. However, none of these indicators show a decreasing divergence.

The daily chart is showing more pronounced weakness as the daily chart’s RSI has created a significant bearish divergence within the overbought area. In addition, the MACD has generated its first lower bar, even if the signal line is well above 0.

It would therefore make sense for some kind of retracement to take place before the price finally resumes its upward movement. Should the price pull back, the next support levels would be near the $ 12,600- $ 12,100 range (the 0.382-0.5 Fib levels of the overall move higher).

A disused cruise liner will come back to life as an on-water and off-grid crypto community.

The ship will be renamed Satoshi and will become a haven for crypto enthusiasts and businessmen.

Ocean Builders‘ COO is a Crypto Engine entrepreneur who saw his home near Thailand seized in 2019 for illegal „sea shipping“.

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A disused cruise liner will come back to life as an off-grid floating crypto community, embracing freedom and cryptocurrency.

International waters attract all kinds of people, and the crypto community is no exception. Ocean Builders, which also builds futuristic “ marine pod communities ” (floating houses), has set its sights on a new type of house: a cruise ship.

Cruise company P&O Cruises Australia recently decommissioned the Pacific Dawn, which was later purchased by Ocean Builders. The company now plans to turn it into a cryptocurrency haven .

The ship, built in 1991, has always carried passengers with P&O Australia as well as Princess Cruises. Carnival, the parent company of P&O, is reducing its fleet due to declining demand due to the COVID-19 pandemic.

A ship named Satoshi

The ship, which is destined to become a haven for certain types of libertarian-minded businessmen, will be renamed Satoshi , the fractional unit of BTC and the nickname of the secret inventor of Bitcoin .

According to Chad Elwartowski, COO of Ocean Builders, the company will take control of the cruise ship on November 4, 2020, in the Mediterranean Sea. Ultimately, it will be anchored off the coast of Panama. Ocean Builders provides a 30-minute ferry ride from shore to ship.

It is no coincidence that the Satoshi will become the refuge of crypto-enthusiasts. Elwartowski himself is a Bitcoin businessman and has long been a proponent of “seasteading,” that is, the creation of permanent habitats on water, beyond the reach of any government claim.

These activities have not always gone smoothly. In 2019, the Elwartowski Floating Habitat, located 12 nautical miles off the coast of Thailand, was seized by the Thai government for allegedly breaking the nation’s sovereignty laws. The authorities then destroyed the home.

A crypto community by the water

Elwartowski says he wants the boat to be a refuge for nomads around the world who can’t find their place anywhere. He sees the ship as a bulwark of innovation, and said:

We are eager to establish a center of technology and innovation here in Panama. Our goal is to find a way to live sustainably on the sea and to forge new paths towards this new frontier.

Ocean Builders also plans to offer cabins as vacation rentals, as well as office and research space.

The cabins of the crypto-cruise will be auctioned from November 5. They will be treated in the same way as the apartments on land. Room prices range from $ 25,000 to $ 50,000, although it may increase with the auction. The vessel has a capacity of 2,020 people.

Since the cabins do not have kitchens, Ocean Builders plans to offer residents meal vouchers, although the safest process in the event of a pandemic is not yet clear.

Much like cruise ships, the Satoshi will include retail stores. Of course, these businesses will accept payments in Bitcoin and possibly other important cryptocurrencies.

Il prezzo di Bitcoin ha rifiutato $ 11.500 in un rapido calo dei prezzi a fianco di pantaloncini in aumento su BitMEX e il crollo delle azioni degli Stati Uniti.

Il prezzo del Bitcoin (BTC) è sceso rapidamente dopo aver superato gli 11.500 dollari su Binance tra il 14 e il 15 ottobre. Nel giro di due ore, è sceso a 11.280 dollari, registrando un calo del 2,3%. Dopo la caduta, gli analisti si aspettano un altro piccolo ritiro a breve termine.

Tra i tre fattori che probabilmente hanno causato il rigetto ci sono un sell-off su BitMEX, un livello di resistenza maggiore e il ritiro del mercato azionario.

Bitcoin è sceso non appena il Dow Jones è crollato

Il 14 ottobre, la media industriale Dow Jones Industrial Average (DJIA) è scesa dello 0,58%, dopo aver inizialmente registrato una leggera impennata. Mentre l’andamento del mercato azionario statunitense iniziava a cambiare, la Bitcoin ha registrato un forte calo. Nel giro di 15 minuti, BTC ha visto un calo dell’1,15% da 11.518 a 11.370 dollari.

Secondo i dati di Skew, la correlazione tra Bitcoin e S&P 500 è aumentata nelle ultime settimane. Al contrario, la correlazione realizzata tra BTC e l’oro è diminuita considerevolmente nelle ultime tre settimane.

I dati suggeriscono che il Bitcoin è attualmente percepito più come un asset a rischio che non un asset da rifugio sicuro. Resta da vedere se questo lascia BTC vulnerabile per un pulllback in mezzo a una flessione del mercato azionario nel quarto trimestre, dopo un Q3 forte.

BitMEX sell-off

Alcuni analisti a catena hanno notato un picco nella pressione di vendita proveniente da BitMEX, con importanti pantaloncini di mercato in arrivo. Prima che si verificasse il calo iniziale da 11.540 a 11.280 dollari, molti contratti short multimilionari sono apparsi su BitMEX.

Di conseguenza, l’interesse aperto di BitMEX è salito da circa 397 milioni di dollari a 414 milioni di dollari, quando si è verificato il calo dei prezzi.

Il livello di 11.500 dollari è diventato un’area di resistenza

Il ripetuto rifiuto dell’area da 11.500 dollari l’ha trasformata in un livello di resistenza tecnica a breve termine. In seguito alla lotta di BTC per superare gli 11.500 dollari, i trader hanno iniziato a riflettere sulla possibilità di un calo al di sotto dei 10.900 dollari.

Michael van de Poppe, un trader a tempo pieno alla Borsa di Amsterdam, ha dichiarato che la zona di supporto da 11.300 dollari rimane il livello più critico. Un calo al di sotto potrebbe mandare BTC a 10.600 dollari, ha detto Poppe, spiegando:

„Il punto di vista rimane lo stesso. Se si mantiene qui e il mercato potrebbe continuare a muoversi verso l’alto. Perdendo quest’area, punterò a 10.900 e poi a 10.600 dollari“.

Tuttavia, la prospettiva a medio termine di Bitcoin rimane positiva, sostenuta da indicatori ottimistici a catena. I ricercatori di Glassnode hanno scoperto che il 14% dell’offerta di BTC è detenuto in indirizzi di accumulo.

Il numero crescente di investitori che detengono Bitcoin, probabilmente per una strategia d’investimento a più lungo termine, è un catalizzatore significativo per BTC che si dirige verso il 2021. I ricercatori hanno detto:

„L’accumulazione di Bitcoin ha avuto una costante tendenza al rialzo per mesi. 2,6M $BTC (14% dell’offerta) sono attualmente detenuti in indirizzi di accumulazione. Gli indirizzi di accumulazione sono definiti come indirizzi che hanno almeno 2 tx in entrata e non hanno mai speso BTC“.

La confluenza di rifiuti ripetuti a partire dallo stesso livello di resistenza rappresenta una tendenza a breve termine che si sta indebolendo. Ma nei prossimi mesi, vari punti di dati a catena suggeriscono la probabilità di una forte ripresa del mercato.

Bitcoin ist aus einem großen Widerstandsgebiet und einer absteigenden Widerstandslinie ausgebrochen.

Die technischen Indikatoren sind langfristig bullish, kurzfristig jedoch bearish.

Es gibt Unterstützung zwischen $11.000 und $11.100.

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BTC Bitcoin Offenes Interesse

Der Preis für Crypto Superstar ist von einem entscheidenden Widerstandsniveau ausgebrochen.

Nach einem potentiellen kurzfristigen Rückgang wird erwartet, dass sich der Preis weiter nach oben in Richtung des nächstgelegenen Widerstandsbereichs bewegt.

Wöchentlicher Bitcoin-Ausblick

In der Woche vom 5. bis 11. Oktober sorgte der Bitcoin-Preis für eine zinsbullische Kerze und stieg von einem Tiefststand von $10.525 auf ein Hoch von $11.469.

Obwohl dies eine zinsbullische Entwicklung ist, handelt der Preis immer noch unterhalb des großen Widerstandsbereichs von 12.000 $, über dem er seit Juli 2019 nicht mehr gehandelt wird. Ein Ausbruch über die Marke von $11.700 dürfte den Preis bis auf $14.000 steigen lassen.

Dieser Anstieg dauert an, seit die BTC den 10.000 $-Bereich Anfang September erneut als Unterstützung getestet hat. Die technischen Indikatoren sind zinsbullisch, und der MACD machte gerade einen höheren Impuls-Balken, nachdem er vier Wochen in Folge gesunken war.
Wöchentliche Bewegung der BTC

Ausbruch aus dem Widerstand

Das Tages-Chart für BTC zeigt, dass der Preis aus der BTC ausgebrochen ist:

einer absteigenden Widerstandslinie, die seit dem Hoch vom 17. August in Kraft war.
Dem $11.200-Bereich, der zuvor als Unterstützung diente und das 0,618-Fib-Retracement-Level des jüngsten Rückgangs darstellt.

Wenn der Preis weiter steigt, gibt es einen kleineren Widerstand bei 11.600 $ und einen größeren Widerstand bei 12.070 $, die beide mit dem oben erwähnten langfristigen Widerstandsbereich, der im vorigen Abschnitt beschrieben wurde, zusammenfallen.
BTC-Tagesausblick

Die technischen Indikatoren im täglichen Zeitrahmen sind optimistisch. MACD, RSI und Stochastik-Oszillator sind steigend. Darüber hinaus hat der MACD den positiven Bereich erreicht und der Stochastic Oscillator hat aufwärts gekreuzt.

Es wird daher erwartet, dass Bitcoin bald einen Ausbruchsversuch bei über $12.000 unternehmen wird.
BTC-Ausbruch

Möglicher Rückzug

Trotz des Aufwärtstrends, der sich aus der langfristigen Preisaktion und den Indikatoren ergibt, sieht das kürzerfristige Chart eher rückläufig aus.

Der Preis hatte Mühe, sich über die Marke von $11.400 zu bewegen, und die Schwäche hat begonnen, sich zu zeigen. Der RSI auf dem 6-Stunden-Chart hat eine rückläufige Divergenz erzeugt und der MACD hat begonnen, abzunehmen.

Bitcoin Langfristig

Das 2-Stunden-Chart sieht sogar noch schlechter aus, wenn man die rückläufige Divergenz und den sich negativ drehenden MACD betrachtet.

Daher wäre ein Rückgang in Richtung der 0,382-0,5 Fib-Niveaus zwischen $11.017-$11.131 zu erwarten, bevor sich der Aufwärtstrend fortsetzt.
Bitcoin Kurzfristig

Abschließend wird erwartet, dass der Bitcoin-Preis schließlich einen Versuch unternehmen wird, über das Widerstandsgebiet von 11.600 bis 12.000 $ hinaus auszubrechen. Vor dem Ausbruchsversuch wird wahrscheinlich ein kurzfristiger Rückgang eintreten.

The insurance consortium B3i Services AG, announced the launch of several important enhancements to its digital blockchain solution called „B3i Re“ (formerly known as Cat XoL), in order to meet the needs of its customers and improve management functionality. This was announced by the consortium in a press release issued on 15 September 2020.

B3i Re, builds on the success of B3i’s Cat XoL launched a year ago, for this new enhancement, adds the improved technical functionality and various features and functionality suggested by B3i customers. 

>Strong>Other advances contained in this digital reinsurance blockchain solution, is that; through an API, B3i connects to placement platforms and administrative systems. Once connected, as detailed in the web portal, B3i’s distributed accounting technology allows the elimination of manual processing, data duplication and associated inconsistencies and reconciliations. As B3i CEO John Carolin comments:

„B3i started with reinsurance placement as the beginning of the contract life cycle, but the greatest power of distributed accounting technology comes from technical accounting and claims. A single version of the truth enabled by our solution can provide tangible benefits to all parties to a transaction, especially when our solution is connected to existing placement platforms and accounting systems via APIs. „

Insurers, brokers and reinsurers can use „B3i Re“ to create and manage digital contracts in distributed ledgers. All parties have a shared and unchanging vision of the contract and its management throughout the contract life cycle.>

The press release details that the release follows a year of contribution by dozens of insurers, Crypto Wealth Scam and underwriters and is a significant step forward in the end-to-end management of reinsurance contracts in DTL.

Improvements in service functionality

B3i strengthens the placement and electronic administration of Excess Property Loss (Cat XoL) treaties, including the structuring of filing, negotiation, endorsement and technical accounting.>

„Through continuous interactions with our customers, we constantly evolve our solutions to meet their precise needs. B3i Re offers enhanced features and functionality for the benefit of underwriters, brokers, accountants, auditors and all those who manage reinsurance contracts. Many aspects of reinsurance contract management are ready for the digital solutions provided by B3i. Added Antonio Di Marzo, Head of Products at B3i.

In this sense, within the new features and functionalities requested by the clients added in the current version of the platform, the following can be highlighted: the enablement of the integration with administration systems through direct integration or through ACORD messaging (in association with Ritablock), multiple currency capabilities, improvements in treaty tower parameters, e-mail notifications, broker cedent approval transactions, technical accounting, among others.

This last function – technical accounting – allows, among other things, the automatic calculation of premiums and commissions through intelligent contract logic, full support of premiums, commissions, claims and reserves, seamless integration with internal systems (FSRI, SICS NT, ACORD), reuse in lines and markets and multiple views of financial information (by treaty and by client).

The company, estimates to add the functionality of claims management for 2021, and expand its services to additional types and lines of reinsurers, as highlighted in the statement issued by the consortium.

B3i is expanding its reinsurance offerings and developing commercial insurance solutions. The insurance solutions will address both customer-specific requirements and market-level inefficiencies and will be introduced from next year.

About B3i

B3i (Blockchain Insurance Industry Initiative), is a global initiative owned by 20 major insurance companies from five continents and a diverse community currently comprising over 40 companies.

Founded in October 2016 as an insurance industry consortium, then formed B3i Services AG as an independent company. The consortium is building a widely supported platform and protocol to address the critical needs of the insurance industry through the growth of its network and the development of partnerships with other business and industry led initiatives worldwide.

Blockchain technology in the Insurance Industry

The disruptive technology of the „Chain of Blocks“, as in other industries, has been revolutionizing the insurance world by providing transparency and precision, giving rise to unequivocal processes, while allowing the establishment of different products tailored to users, so that more and more insurance companies are betting on the use of this technology.

In this vein, it is estimated that this technology will move approximately USD 1.394 billion in the global insurance market in 2023, as highlighted in a report by Markets and Markets. The figure assumes an annual growth rate of 84.9% from 2018, when it reached USD 65 million. Increased fraud, the need for transparent and reliable systems, and cost reductions will drive growth in the global insurance industry, according to Markets and Markets.

In this context, Tokyo Marine, an industry leader in Japan, recently invested in B3i. In 2018, Tokyo had already conducted a trial run by NTT to execute blockchain-based marine insurance transactions. Earlier this year, it joined a commercial project in Singapore that includes the use of the blockchain.

On the other hand, in the same country, SOMPO Japan, announced that it is carrying out a test to automatically process mobility insurance claims through the blockchain. The trial, which is part of the company’s Mobility as a Service (MaaS), seeks to address differences in the processing of claims for train delays. Also, in April, a project sponsored by the Taiwanese Supervisory Commission was unveiled that uses the blockchain to allow people to update their policies more efficiently.