Der fallende Bitcoin-Kurs hat in letzter Konsequenz nun auch dazu geführt, dass der Stromverbrauch der marktführenden Kryptowährung spürbar gesunken ist.
Krypto-Regulierung „wie aus einer Hand“ – SEC und CFTC stimmen Vorgehen ab
In einem Interview mit der Financial Times verrät SEC-Chef Gary Gensler, dass sich seine Behörde mit der Handelsaufsicht CFTC zusammengesetzt hat, um eine gemeinsame Krypto-Regulierung abzustimmen.
Kursanalyse, 25. Juni: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP)
Die Bodenbildung könnte für Bitcoin und die Altcoins näher sein, als erwartet. Wohin geht es auf kurze Sicht?
Binance CEO Changpeng Zhao on crypto skeptics: ‘no need to ignore them’
Bitcoin has been called just about anything and virtually “nothing” by skeptics over the years.
If you did a little checking, you would note that perhaps the most bile towards the revolutionary technology maybe coming from what Binance CEO Changpeng Zhao calls “experienced and respected crypto skeptics.”
So how does the crypto market “address” this group of influential personalities and experts?
In his latest blog published on Friday, Zhao says “walk a mile in their shoes”, get to understand where their perspective has formed. Importantly, why take everything to heart when this is all normal and expected behavior.
“Being protective and defensive doesn’t always come from a maligned place. Good-faith actors want to protect their users and community. Central banks, regulators, and financiers, in most cases, want to avoid risk and provide security. So when people ask me how I deal with trusted, respected professionals admonishing crypto, I try to walk a mile in their shoes,” he wrote.
Don’t take ‘everything to heart’, CZ says
You have heard it all, you are engaging some of them – and clearly, they seem not to understand what crypto is. Instead of ‘ignoring’ their criticism, try to understand their views from the perspective of “their experience and position.”
This is how you end up extracting value from whatever criticism they advance. And once you do that?
“There’s no need to ignore them or take everything to heart once you’ve dug a little bit deeper,” Zhao advises.
There is a lot one can take from the Binance chief’s take on crypto critics and how to go about getting to know that what they say comes from a certain point of view.
In a nutshell, blockchain technology is disruptive technology – and like any other new technology that actually disrupts – it’s more likely than not to be met with some skepticism from those who might feel threatened by it.
You can read all of CZ’s argument on the Binance blog.
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BIFI Price Prediction as Beefy Finance Crawls Back
The BIFI price has crawled back as yield-optimizing blockchain projects bounce back. Beefy Finance’s token is trading at $0.0082, which is a few points above the intraday low of $0.0077. The current price is about 92% below the highest level in 2021. As a result, its total market cap has crashed to more than $37 million.
Yield optimizer token jumps
Beefy Finance is a leading player in the decentralized finance (DeFi) industry. Its business model is that it offers a multi-chain yield optimizer that allows users to earn compound interest on their crypto holdings.
By comparing yields of various platforms, Beefy then selects the coin with the biggest yield. It simply maximizes returns from various liquidity pools and automated market-making projects. Beefy is compatible with the leading blockchains like Fantom, BNB Chain, Polygon, Avalanche, and Arbitrum among others.
According to DeFi Llama, the total value locked in Beefy Finance has been in a downward trend. It has crashed from an all-time high of over $1.22 billion to the current $259 million. This decline is in line with that of other DeFi protocols.
BIFI is the governance token for Beefy Finance. The BIFI token has jumped in the past few hours as other yield optimizers rebound. For example, YFII price has jumped by more than 300% in the past two days. Similarly, Yearn Finance has also jumped. Other DeFi tokens like Uniswap and AAVE have also rallied.
This performance is mostly because of the overall rebound of cryptocurrencies and US equities. The Dow Jones index has rallied by more than 3%. Another reason is that investors are simply buying the dip after the coin crashed hard in the past few months.
BIFI price prediction
The four-hour chart shows that the BIFI price has been in a strong bearish trend in the past few months. The sell-off accelerated after the coin moved below the important support level at $0.0133, which was the lowest level in May. It has also crashed below the 25-day and 50-day moving averages.
Therefore, Beefy Finance price will likely continue falling as bears target the next key support level at $0.0070. A move above the resistance at $0.01 will invalidate the bearish view.
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