In a unique decision that could set a series of precedents for the future, FinCEN, the U.S. agency responsible for combating financial crimes, has mutated the creator of services that act as a Bitcoin mixer. These services are used to make Bitcoin transactions more anonymous.

Larry Dean Harmon, creator and owner of two Bitcoin mixer services (Helix and Coin Ninja), was fined $60 million by FinCEN (Financial Crimes Enforcement Network) for violating the country’s anti-money laundering laws.

Through the Banck Secrecy Act (BSA), a set of rules and legislation in the country, FinCEN accused Harmon of having acted as an operator of Helix from 2014 to 2017 and in Coin Ninja from 2017 to 2020, which operated as an exchange without the proper authorization of the regulatory agency.

FinCEN accused Harmon of purposely failing to register Helix and Coin Ninja in the correct manner, and failing to implement a program to prevent money laundering efficiently in both managed services.

In addition, the platform owner did not perform any type of activity report suspicious of transactions that might be being used in illegal activities. According to the document reporting the fine, FinCEN found more than 240,000 bitcoin transactions between Helix and 39 darknet black markets.

The document also highlights that Harmon offered its services in the „darkest places“ of the internet, in the same markets where weapons, drugs and other types of illegal materials were sold.

In addition to acting illegally as a brokerage house, he was also accused of not applying the proper KYC practices. The document states that he did not collect any of the necessary data (names, addresses and other forms of identification) from more than 1.2 million transactions.

Not only that, but while operating Helix, he reported the little information he had collected from his clients. The investigation stated that Harmon carried out transactions with exchange dealers, fraudsters and other criminals.

Recently BitMex was investigated and its creators were arrested.

The millionaire fine is certainly surprising and this, together with the recent accusation against BitMex, opens new ways and precedents for the authorities started to give more attention to different types of services that, according to the law, facilitate several crimes.

More and more the authorities are closing the siege on the supposed characteristic of the cryptomarket to be used for money laundering.

The Bitcoin Hash Rate reached a new record high, proving that the gloomy predictions about the Halving were wrong.

Despite the situation the world is in due to the Coronavirus pandemic, the year 2020 has been very good for the crypto market. While large sectors of the world economy were paralysed by the health crisis. The crypto world did not stop growing. An example of this is the fact that Bitcoin’s Hash Rate has reached a new record, showing the confidence of users in cryptomoney.

What is the Hash Rate?

Those of us who have been part of the crypto community for some time have become accustomed to the presence of the Hash Fee as an important element of Bitcoin’s operation. Generating analysis with movements in its value, and boosting optimism in the crypto market every time it reaches a new record.

The Hash Ratio represents the total computing power operating at a given time in the Bitcoin Fortune Review Blockchain. In other words, this statistic serves as a reference to know how much power Bitcoin miners devote to the execution of transactions in the crypto currency.

Therefore, a higher Hash Rate represents an increase in the power of the mining machines that exist in the BTC blockchain. And therefore, an increase in miners‘ investment in cryptomint. While a decrease in the Hash Ratio would mean that there is a withdrawal of mining machines from the Bitcoin network. As miners abandon their activities in the Blockchain for one reason or another.

A new record in the crypto world

However, it has been several years since Bitcoin has suffered permanent drops in the Hash Rate. On the contrary, it has not stopped rising, constantly reaching new record figures. Having risen by 36% so far in 2020, with a current value of 144 million TH/s, it’s the highest computational power gathered in the Bitcoin Blockchain so far.

This steady increase in the Hash Rate tends to generate optimism within the crypto community. It not only indicates a steady increase in the miners‘ investment in the cryptomint. It would also provide greater security for BTC Blockchain participants. The increased processing power would also make hacking against Bitcoin more difficult.

The current value of the Hash Rate, moreover, would show that the gloomiest forecasts for Bitcoin after Halving would have been wrong. For, unlike other cryptosystems such as Bitcoin Cash, BTC miners have held their ground, increasing their investment, despite the decline in mining rewards.

• Bitcoin ha guadagnato circa 1.000 dollari dal minimo della scorsa settimana di 10.400 dollari, mentre la moneta ora commercia appena sotto gli 11.400 dollari.
• Ai massimi fissati martedì, la moneta criptata è stata scambiata fino a 11.750 dollari.
• La criptovaluta ha dovuto affrontare un leggero ritracciamento, dato che il dollaro americano è rimbalzato dopo un forte calo.
• Mentre alcuni pensano che si tratti solo di una battuta d’arresto a breve termine, JP Morgan vede Bitcoin scivolare ulteriormente nel breve termine.
• Dicono che la criptovaluta si trova ad affrontare un „modesto vento contrario“ nel breve termine.
• La maggior parte degli analisti, tuttavia, è convinta che il trend a lungo termine per il Bitcoin rimanga positivo.

IL BITCOIN SI TROVA AD AFFRONTARE „MODESTI VENTI CONTRARI“ NEL BREVE TERMINE

Bloomberg Quint riferisce che gli analisti di JP Morgan sono attualmente ribassisti sulla Bitcoin Future. Citando una nota di ricerca pubblicata di recente, l’azienda ha notato che l’asset deve affrontare modesti venti contrari a breve termine“ sulla base di un’analisi delle scommesse nel mercato dei futures e di una stima del valore intrinseco della criptocurrency“.

L’indicatore mostra che potrebbe esserci una „sovrapposizione di posizioni nette lunghe“. Non è stato chiarito se la società stava esaminando i dati dei futures CME o le borse non statunitensi come BitMEX, ByBit e altre. Potrebbe trattarsi di un’analisi dei futures CME, dato che il tasso di finanziamento di BitMEX, ByBit e altre piattaforme sono leggermente in positivo, suggerendo un equilibrio tra posizionamento short e long.

Gli analisti della JP Morgan hanno aggiunto che il prezzo del Bitcoin è circa il 13% superiore al „valore intrinseco“. Questo valore deriva dal costo di produzione per BTC, che significa quanto costa comprare una moneta.

„Gli strateghi della JPMorgan hanno detto di aver calcolato un valore intrinseco trattando efficacemente il Bitcoin come una merce e guardando al costo marginale di produzione“.

MACRO TREND ANCORA A FAVORE DEI TORI

Le macro tendenze favoriscono ancora i tori, però, dicono gli analisti.

Raoul Pal, CEO di Real Vision, ha detto recentemente:

„La maggior parte delle persone non capisce quest’ultimo, ma in parole povere, Powell ha dimostrato che c’è una tolleranza zero per la deflazione, quindi faranno di tutto per fermarla, e questo è un bene per i due asset più difficili – Gold e Bitcoin. Powell vuole l’inflazione. Non credo che ottenga che la vera domanda spinga l’inflazione, ma otterrà una svalutazione fiat, in collaborazione con le altre banche centrali, tutte nella stessa missione“.

L’analista pensa che la criptovaluta raggiungerà un prezzo di 50.000 dollari e oltre in questo ciclo di mercato.