Рубрика: bitcoin blog

“Web3 has emerged as Europe’s most promising path to digital sovereignty.»
Schaan in Liechtenstein. Image rights: public domain.

When summer is coming to an end, the Bitcoin and cryptoconeferences are increasing. Today we present a small but special event in a small but special country: the fintech.Li from Liechtenstein.

On 11. up to 12. Find the fintech in the Liechtenstein village of Schaan in front of a magnificent alpine backdrop.Li instead of. Last year, decentralized finances Defi were a topic of the conference. Since this was well received by the participants and the interest also aroused traditional institutions, Fintech strengthens.Li 2023 this focus.

Under the big title «Connecting the Dots to Shape the Next Human Agenda», the conference brings participants with a focus on web3 and decentralized finances. The focus is primarily on the integration of Defi and CEFI in a «hybrid ecosystem». It is not about the revolution of money, as with Bitcoin, but about its reform or technical evolution. The fintech.LI underlines what we have been observing here for a long time: that more and more traditional financial institutions recognize that they can benefit from cryptocurrencies and blockchains — if they play according to their rules.

Among the speakers of the FinTech.Li are, for example, Peter Grosskopf (Unstopable Finance), Marta Piekarska-Geater (Consenys), Paul Kohlhaas (Vitadao), Stefan George (Gnosis Dao), Marc P. Bernegger (Maximon), Julien Bouteloup (Stake Capital), Isabell M. Puppy (Tum Munich), Delphine Forma (Bitmex), Franz Bergmüller (Seba Bank) and many more. No crypto rock stars, but still interesting personalities in the industry.

Startups also have the opportunity to imagine. The conference would like to give it the opportunity to introduce themselves to the audience and investors.

We briefly talked to co -organizer Luis Schaubhut:

1.) Do you like me a few frame data on FinTech.Lil — how long is the conference, what are the usual topics, etc.?

The conference was founded in 2015 by students from the University of Liechtenstein, with a full focus on Fintech. From 2020 the conference grew and the focus shifted more and more to digital assets. Especially because of the blockchain act in Liechtenstein. Since last year we have been able to build our branding so that we are now room under the leading conferences in the field of digital assets in the roof.

2.) 2023 you are primarily devoted to crypto and web3. Why right now?

Because it is appropriate. Web3 has emerged as Europe’s most promising path to digital sovereignty. The EU is already the largest crypto economic area with transactions of more than one trillion US dollar. With advanced and harmonized regulations such as Mica, the EU can get another competitive advantage and become a pioneer in the determination of global standards.

The fintech.Li 2023 promises to become a pioneering conference that not only depicts the future of finance and technology, but also coincides, especially in terms of Liechtenstein and the regulatory setup on site with its access to the European Economic Area and Switzerland.

3.) What distinguishes the fintech.li from the many other crypto conferences?

We are not a sales conference, we are concerned with the exchange: we are a place where the new is to be created where visitors will find inspiration, challenges and provocative thoughts.

In order to be able to put the personal in the foreground, we limited the quota to 300 tickets. We bring together founders, investors, politicians, banks and other financial institutions to philosophize how the financial system of the future can look. Last year the topic was «Building Bridges Betee Cefi/Tradfi & Defi», where we came to the end that there is only one «and» and no or or. We will start this year.

4.) What exactly focuses on the fintech.li this year?

The financial ecosystem is at a crucial turning point. The conference will serve as a platform to connect the nodes and to bridge the gap between the traditional finance and the emerging decentralized financial landscape. By integrating the strengths of both areas, a comprehensive financial ecosystem can be built up that meets the developing needs of society and unleashes its true potential.

However, we are not only concerned with the fusion of Defi with CEFI, but also, like other ecosystems, such as that of Lonegvity (longevity), to the financial ecosystem, and how it must be regulated: Defi, Digital Assets, StableCoins, Desci, Refi and Longevity. We deepen and expand our perspective.

5.) The healthcare system will take a relatively wide room with a panel to Longevity and some speakers from the pharmaceutical industry. How did this connection come about?

Longevity is an ecosystem that is the first “non-financial” ecosystem with the blockchain, for example with the vitadao and defi ideas. The great interest of prominent players in the industry, such as Vitalik Buterin, was also a trigger for this.

6.) Ticket prices are currently early Bird 250 francs and early bird vip 1950 francs. What are the advantages of the VIP ticket? And how expensive will the tickets be to early bird?

The normal ticket later costs CHF 350 and the VIP then 2.500 CHF — the difference is that you only on 12 on the normal ticket.09 can participate in the conference and with the VIP Ticket on the pre-event the day before (11.09), including opening with the head of government of Liechtenstein and a VIP Dinner, where only speakers, partners and invited guests will be there.

Bitcoin.de integrated diamond shop of favorite capital

Christoph Bergmann at Münchner Meetup via his book, Bitcoin policy and the Bitcoin Cash Hardfork

Ha! An appointment could not have been more appropriate: on 15. November I will present my book in Munich and talk about Bitcoin politics. The fact that the Bitcoin Cash Hardfork takes place exactly on this day is a coincidence that it would be better not to wish for ..

The Munich Bitcoin Meetup is one of the oldest and largest German, if not European meetups around the cryptocurrency. On 15. November I have the honor to present there.

I will talk a little about how it behaves with Bitcoin journalism and ethics, present the dark sides of Bitcoin, which is often rather not talking about, and explain why not just Bitcoin, but the whole society. And of course I will try to advertise my book; Münchner, who are happy to save shipping costs, but would like a signature in the cover, can buy it on site.

Since the Munich Meetup has the call to stand for intelligent but principal Bitcoin Maximalism, we will certainly talk about blocksize, Lightning and Hard Forks in the final discussion. It is a perfect coincidence that the grossly unnecessary, non-unnecessary, stupid Bitcoin-Cash-hardfork. As a long -time member of Bitcoin Unlimited, I will be happy to discuss this event with you and clarify questions about it.

The Meetup begins at 18.30 a.m. in the network culture -oriented «404 page not found» café in the hip Münchner Glockenbachviertel (Corneliusstraße 2) I look forward to meeting you.

Pessimistic (deeper than 225 euros)

Thank you very much for participating in the survey. We will publish the results in our next newsletter and then also on this blog.

Twitter introduces Bitcoin drinking money via Lightning payments
A blue bird sits on a branch. Image by Becky Matsubara via Flickr.com. License: Creative Commons

Twitter, the universal social network for short messages, introduces drinking money. The first users can receive bitcoins by strike with the Lightning network. But that’s much less spectacular than it sounds.

When Jack Mallers from Strike announces a new product, it usually doesn’t sound great, but huge.

«Yo. Today I am incredibly enthusiastic about announcing the Strike API and the first customers of the Strike API — Twitter. As of today, Twitter allows free, current, global payments for its customers through the integration of the Strike API.»

Of course this is celebrated in the crypto scene. Twitter and Bitcoin go well together anyway. The crypto community is happy to discuss and go to the short message service, and its founder and boss, Jack Dorsey, likes to be and often as a fan of Bitcoin and the Lightning network. It was time that what fits together also comes together-and this creates something wonderful: global tips in real time for several hundred million Twitter users!

Of course, one might think that Twitter only adds a new payment provider to the «tips» (English for drinking money). Twitter introduced the tips in May 2021 for a limited number of users. These can get a tip button in the profile and receive money via external payment service providers. For example via Bandcamp, Cash App, Patreon, PayPal and Venmo.

Twitter has set off, quietly and secretly, to become a platform for payments. Twitter does not take a fee, there is also no upper limit.

But Strike is, Jack Mallers writes more than just another payment service provider. “That is more than wrong. The integration of Twitter with the Strike API, with Bitcoin and the Lightning network goes much deeper than the eye sees.»

According to Mallers, Twitter could be sent a tweet to someone in Central America, and the person in Central America could give a European, and the one in Africa and so on. “Twitter users can communicate linguistically free of charge, in real time and limitless.“But so far they have not been able to communicate financially in this way.

Better said: you could. Because the strike API allows exactly this. With payments she does the same as Twitter with short messages. “Integrating the Strike API makes a platform for social media one of the best options for worldwide payments.»

But so far it hasn’t been that far. Only selected users can insert a tip button into the profile. You probably have to verify yourself in any way on Twitter. At least it says in the FAQ that you have to be at least 18 years old to accept or send drinking money. It looks like Twitter not only has to know the recipient, but also the broadcaster.

Under these selected users that can use TIP buttons, only those strike can use an Apple device with the iOS operating system. The range is still quite small at the moment.

All of this is also largely irrelevant for German users. You cannot use strike at all. Jack Mallers announced in January of this year to go globally. So far, however, only users from the USA and El Salvador have been able to register with Strike by verifying themselves with a mobile phone number.

Basically, the Twitter integration becomes one of the most cumbersome and indirect methods of using Bitcoin: there is not only one middle man, but two-Twitter and strike.

After all, only the receipt of tips via strike runs. If you give a tip, you get a Lightning invoice that you can pay with every wallet. This is a step in a good direction: the middleman only sits on the receiver side, while the transmitter can remain independent.

Twitter also causes slight enthusiasm with the fact that the amount of the Lightning tips in Satoshi instead of dollar or Bitcoin is specified. This means that Twitter jumps, some are not enthusiastic about the Bitcoin standard without exaggeration.

But first of all, it is a fairly further away until the Lightning tips arrive at more than a handful of selected users and get really global.

Trump Now Calls Himelfe the «Crypto President»
Donald Trump (2016). Image by Gage Skidmore via Flickr.com. License: CC BY-SA 2.0

In the Gerontocratic Race for the Most Powerful Office in the World, Crypto is Becoming Increasingly Important. Donald Trump Understands How to use this to his Advantage — and According to a Prediction Market, He Clearly Has the Better Chanances.

So he did it: designer and potential future us president donald trump has called Himelf a «Crypto President» named Himelf.

You need an almost Superhuman Amount of Imagination, But please, Try and Picture IT: Olaf Scholz — Ort Make It A Little Less Absurd, at Least A Little — Friedrich Merz Calling Himelfa A «Crypto Chancellor.“Or Ursula von der Layen a Crypto Commissioner.

Germany and the USA are separated not just by an Atlantic. In this country, crypto plays no role in Federal Or State Elections, and even in the European Elections, it wasn’t Worth a Single Word from Any Candidate. In The USA, However, Crypto Has Entered the Campaign Agenda for the Presidential Election on November 5, 2024, with Brute Force.

One could somewhat exaggerate and Say that Control Over the Most Powerful Army in the World Might Be Decided by the Stance on Bitcoin and Crypto.

«No fight against drugs, but against anonymity»
The main thing is that the music is loud! Los Angeles police officer with a bagpip. Image by Elvert Barnes via Flickr.com. License: Creative Commons

The FBI, Europol and almost two dozen other authorities worldwide announce a success against the Darknet drug markets, which has led to hundreds of arrests and the confiscation of drugs and money. On closer inspection, however, the fruits of these months planned are so lean that a scene observer rightly asks whether this is a war against drugs or a war against anonymity.

Basically, it should now be known that the Darknet marketplaces for drugs in global drug trafficking are rather an insignificant number. The traded volume stagnates or grows slowly and is still a curve in the entire market at best. It should also be known that the Darknet and cryptocurrencies do not offer protection against law enforcement, neither for dealers nor for buyers, and that the police are able to raise DARKNETSMARKTAGES. So you could treat the topic as what it is — an absolute secondary location in the fight against the drug cartels.

But apparently the law enforcement officers see it differently. Otherwise, the message for the disruptor campaign would hardly be understandable. The following authorities have cooperated in order to proceed against drug trafficking in the Darknet: in the USA alone the Ministry of Justice, the FBI, the drug police DEA, the post office, customs, Homeland security, border guards, financial supervision (fincen), the office for alcohol, tobacco and firearms (ATF), the office for nautical criminal prosecution and the Ministry of Defense. Europol, Euro Just, the Federal Criminal Police Office of Austria and Germany, the police of Cyprus, the royal-mounted police of Canada, the police from Portugal, Sweden, Great Britain and the Netherlands as well as two police organizations of Australia were also involved.

The investigation started in May 2019. Now, after a good 16 months, the United States Ministry of Justice presents the results of the campaign on behalf of the 22 authorities involved. In view of the strong participation and the long duration, one should expect the authorities to go into the net: a fraudster like Charles Ponzi, a drug boss like Pablo Escobar, a terrorist like Osama Bin Laden, or at least a Darknet king cone like Ross Ulbricht.

Rather lean prey

In fact, however, it is more of a wave of arrests among small dealers and its customers; The confiscated funds are hardly worth mentioning in the daily crypto trade and would not attract any attention if it were an ICO or a pyramid game. The international police put a huge team in front of a blast furnace to bake pretty small rolls:

“Operation Disruptor resulted in the arrest of 179 drug dealers and fraudulent criminals who have operated the sale of thousands of illegal goods and services in Europe and the USA. The operation led to more than $ 6.5 million to confiscation (!!!!) in cash and virtual currencies; Around 500 kilograms worldwide, including 274 kilograms in the USA, including fentanyl, oxycodones, hydrocodones, methamphetamine, heroin, cocaine, ecstacy and MDMA; as well as 63 firearms.»

That sounds — maybe — a lot, but is rather lean when you look at light. With the drugs, of course, the question is how the individual drugs are specifically weighted. 200 kilograms of heroin or fentanyl would probably be quite a bit, while 270 kilograms of cannabis and 4 kilograms of the drugs mentioned would be quite harmless. As far as I know statistics, cannabis is the most traded on the Darknet markets by far. The small amount of confiscated funds suggests that the operation disruptor has not put any eyes on here.

It’s not about the drugs, it’s about the signal

The discbalance between effort and yield is so huge that it raises questions. Darkdotfail, an observer of the scene, therefore tweeted: “The costs to transfer, arrest and condemn 179 people. 6.5 million dollars were confiscated, it is very unlikely that the costs will cover. This is not a war against drugs, but a war against anonymity.“According to the assumption, governments do not fight drug trafficking in the Darknet to prevent drug trafficking — but to set a sign that there is no anonymity on the net. It’s not about the actual crimes — but about those who may exist once. They have to be suffocated in the germ.

Some statements by the US authorities involved confirm this assumption: «Criminal who sell fentanyl in the Darknet should be attentive,» said Attorney General Jeffrey Rosen. «The FBI assures the American public and the whole world that we identify Darknet dealers and bring to court,» explains FBI director Christopher Wray. Similar to Dea administrator Timothy J. Shea: «The 21. Century led to a wave of technological advantages that have changed our lives. But the technology also develops the tactics of drug dealers … Operation Disruptor demonstrates our ability to express criminals in this domain … «. Europol also sees a strong signal in the operation: «Today’s announcement is a clear message to criminals that buy or sell drugs in the Darkweb: The hidden internet is no longer hidden, and your anonymous activity is no longer anonymous,» says Edvardas Sileris from Europols Center for Cybercrime.

So it’s about sending a strong message. As with all the previous operations against the Darknet. If there is still someone who has not noticed — the Darknet is not anonymous.

But why are the authorities ready to spend so much effort and work on to send another signal? Why is PR work against anonymity so important for them? Wouldn’t it be much smarter to keep the lack of anonymity secret in the Darknet to lure even more drug dealers into the net? The crime authorities have not learned anything from the cryptographic warfare, in which the Allies even sacrificed warships to leave the axis powers in the dark that their codes were cracked? Or shows that the law enforcement officers are not as confident as they give themselves? Maybe because the Darknet is just anonymous, and because a properly made Darknetmarket investigations prevents a flat rate?

The pig cycle

Another possible and more trivial, explanation of the extreme asymmetry between effort and yield could be the so -called pig cycle: Whenever there is a lack of problem solving, many people can be trained to solve the corresponding problem, which is why there is a little later of problem solving. All of the authorities mentioned have spent a large number of resources over the past 5-8 years to make their employees fit for crypto and the darknet; They organized training, bought consultants and invested in software of the many providers of blockchain analyzes.

Now this investment must of course be good for something. But the Darknet and the drug market there have not grown to the extent that was expected. The money would probably have been better invested to take action against trading on the street or the smuggling through cartels. But of course nobody wants to admit that. Therefore, the authorities only cooperate globally even more closely, to proudly present the small fish, which they can pull out of a darknet that is already overfished. What should they do differently after the cybercrime authorities have already set up, trained and shot against the markets?

Anyway: the message shows more than anything that not only stagnates drug trafficking in the Darknet — but also the success of the investigation against it. Both, crime as well as law enforcement, seems to have reached a growth border in the Darknet.

The strongest price jump since 2011
The course breaks out decisively. Image by Tradingview

The Bitcoin course is from Friday to Saturday in less than 12 hours of 7.500 to 10.Jumped $ $. This is a profit of more than 30 percent in less than one day. What happened here?

Sometimes Kurscharts are almost heavenly. On Friday evening, around 6 p.m., the Bitcoin course set about 6.800 euros (7.$ 500) to a delicate increase, which until around 8 p.m. to more than 7,000 euros (just under 7.$ 800). This increase continued for the rest of the evening until the price at two o’clock in the night at around 7.400 euros. After that there was no stopping: In two hours the course made more than 9.000 euros (9.$ 900) and briefly reached a maximum of 10 on the dollar exchanges.200 dollars. From there he sank a piece again to today at around 8.500 euros (9.$ 400).

In short: the Bitcoin course is almost 2 over the weekend.$ $. Such a rapid increase of more than 30 percent in less than 12 hours has not existed at Bitcoin since 2011. The volatility is back with full power, and it is exciting as ever, the Bitcoin prices can be observed.

There is no flood of new searches for Bitcoin. An interest in the masses does not seem to be awakened.

There is also calm. He swells a little, but that is not even really visible from a medium -term perspective. There is an increased demand for Bitcoin transactions as little as an increased interest in Google.

A third observation is that the trading volume on the stock exchanges has scored new records. With $ 48 billion, almost 30 percent of the market capitalization of Bitcoin ($ 169 million) were implemented in stores. However, the dollar tokens Tether, who achieved an absolute all-time high at $ 58 billion, recorded a significantly higher volume. Statistically speaking, each of the 4.1 billion Tether dollars changed the owner 14 times that day. Tether apparently became the dominant computing unit on the stock exchanges and probably also the most important medium to move values ​​from stock exchange to stock exchange. Since Tether distributes his transaction to several blockchains — Bitcoin, Ethereum and Tron — this could explain why the turbulence on the stock exchanges has left no elephant footprint in the Mempool of the unconfirmed transactions.

So far, however, the crucial question has remained unanswered: what was it? Everything has a reason, especially if the strongest digital currency makes a profit of more than 30 percent within 12 hours. During this time, about $ 40 billion flowed into Bitcoin; Market capitalization has increased from $ 138 billion to $ 178 billion. For what reason?

The usual explanation here is that it is due to China again. At least most of the media argue. Because on Friday, the day on which the Bitcoin Prize began to jump, China’s President Xi Jinping committed the country in a speech on blockchain technology (here the translation of the press release). At the presentation of a technology study, XI said before a party assembly that «integrated application of blockchain technology» played an «important role in new technological innovations and industrial change». He asked his party to «consider the blockchain to be an important breakthrough for the independent innovation of nuclear technologies» and to intensify the efforts to standardize, basic research and practical use.

The advance is undoubtedly interesting and deserves to be explained more thoroughly elsewhere. But I doubt that he is the reason for the rapid increase in the price. Because XI Jinping relies on the blockchain as a technical infrastructure, not on Bitcoin as a currency; The legally unfavorable state of Bitcoin in China should not change due to the speech; A practical influence on bitcoins and the demand for the digital coins should hardly emerge from it.

On the other hand, it is much more likely that the course will take the course. The eternal struggle of the optimistic bulls with the pessimistic bears has its own dynamics. Because as already described was 8.000 dollars an important threshold. After Bitcoin hiked a little along this brand, the course fell significantly among you. Some of the price fell under 7.400 dollars. The situation was quite critical here, another case in the chart picture would have the case of around 5.$ $ $bel on — there is no visible soil in between — with which the rally profit has almost been eaten completely away since early summer.

So the bears have tested an important limit. The course fell on 23. October with a high trading volume to about 7.500 dollars. The bulls did not react initially. The price is urged with this threshold for two days; Apparently an exhaustion used the bears that the bulls used shortly afterwards to 7.To lift $ 750 and then ignite fireworks. That the case under the 8.000 dollar mark did not lead to a further slump that the soil also at 7.500 dollars kept, and that it went up again from there — that could have been the signal that suddenly broke out the suppressed optimism of the markets. But of course that is speculation too.

Electrum 3.0 with Bech32 Segwit addresses

Last week is Electrum 3.0 published. The new version of the most popular Bitcoin wallet now supports Segwit with the new Bech32 address format.

Electrum 3.0 should be one of the most interesting upgrades of the popular wallet. It not only integrates Segwit in a relatively user -friendly way, but also starts switching to Bech32 address format.

If you want to get in directly, you can download the new Electrum version here and read the release notes there. If you want to understand what the upgrade is doing, you should first consider what challenges Segwit the Wallet developers are facing and why Bech32 is an exciting new format.

So: Segwit is an upgrade of Bitcoin transactions that separates the signature from the content and thus deals with the 1MB limit for the block size via Soft-Fork. In order for Segwit to apply as a capacity increase, the new format must first be used. In other words, the users must first transfer their coins to Segwit addresses in order to then carry out Segwit transactions.

So far — through a detour — with the Wallet from Bitcoin Core, or, directly, with the Wallets Trezor, Ledger and Greenaddress. With Electrum 3.0 is now the most important Bitcoin wallet to the Club Segwit.

However, you cannot simply create a Segwit address in the existing wallet. I suspect this is because Electrum derives the private keys and addresses from a seed (a sequence of 13 words), and that a new address format would lead to problems here. Therefore, to use Segwit with Electrum, you have to open a new wallet. Here you can optionally choose a Segwit wallet.

Anyone who has done this will experience a strong surprise when they click on «Receive». Because instead of the usual addresses, which start at 1 and kept in small and capital letters, he now finds something like «BC1Q76awjp3nmklgnf0yyu0QncSekktf4e3qj248t4». These addresses are in the so -called Bech32 format, which was used for Segwit with BIP173.

Other wallets use P2SH (Pay-to-script-Hash) addresses that start with a 3 to use Segwit. This format increases compatibility, since more or less every Bitcoin wallet is able to send coins to such an address. However, it is a little as if Segwit are sausage into a normal address. The result is that transactions from the Segwit addresses starting with a 3 need about 10 percent more space than normal addresses, which means that part of the capacity is used to create Segwit.

Bech32 addresses are now «native segwit addresses». These not only stop the Segwit transactions on the size of normal transactions, but also have several other advantages: For example, QR codes are smaller, protection against tapping is better and decoding more effective. The letters, which are only written only to be pied up, should be more easier to type or read than the major and small letters of the old format.

The problem is, however: there is no wallet that knows the format, which is why it is not possible to receive the Segwit Wallet from Electrum Coins from another wallet with the Segwit Wallet from another wallet. The only way to get Bitcoins on the Bech32 addresses used by Electrum is by transferring them from the normal electrum wallet.

Most blockexplorers don’t yet know exactly what they should do with the new address format. The Explorer, Block Trail recommended by Electrum, does not know the format during blockchain.Info it on «Inquiry» — after clicking on «Show Script and Coinbase» — at least recognizes, but does not yet make it clickable as a container for credit.

Of course, these circumstances make it likely that the transformation of normal coins into Segwit coins with electrum will take some time, and that the two address formats have to run in parallel for a long time. However, when the time has come, it will have been done correctly.

“If you act with yourself for a long time, you can raise the Floor Prize.»

Vijay Pravin Maharajan is CEO from Bitscrunch from Munich. In a short interview, he explains how he recognizes Wash Trading at NFTS — and how large its scope is.

Hello Vijay, tell our readers briefly who you are and what you do.

I come from India, live in Munich and worked for various large companies like Siemens before I founded Bitscrunch in 2021. We process data about NFTs and use blockchain analysis and artificial intelligence. So we are a consulting and analysis company, roughly comparable to Chainalysis, Dune or Nansen.

We have already convinced several risk capital providers with our product, such as Coinbase Capital or Crypto Capital. Mastercard also included us in his partner program and is now planning to use our software. In other words: we are in the process of becoming the «Data Oracle» for the world of NFTs.

What problem do you solve?

The core problem in NFT marketplaces is currently Wash Trading. Wash trading thinks that you are dealing with yourself or a friend of NFTS, a trade volume and a demand that actually does not exist at all.

For example, you shape a NFT. Then you send it to your friends who buy it and you give them the money for it. You have lost nothing — in return the price of your NFTS is increasing. In the end you don’t even need friends because you can generate any number of accounts with Metamask and other wallets to act with these in marketplaces like Openea. This is exactly what is currently happening on the NFT market and helping our solutions to prevent exactly that.

How do you know that this happens?

We have a AI data model that analyzes and evaluated the commercial activities. We look at the data for every single NFT purchase. Our software then creates a score from the wallet, the user and the NFTS.

More than 60 indicators flow into these score. For example: the NFT is freshly shaped? Is there a holder or hundreds? How long is the NFT kept? Is a wallet new? Like many other tokens, it uses? What can be said about the smart contract?

Of course I don’t want to reveal too many details. But we see that our Algorithm Wash Trading recognizes effectively.