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News: Earn your money online safely here at eMoneySpace. Jan 21, 2021 06:38 PM




BestChange.com - best way to buy or sell crypto!
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Reply #45: Dec 02, 2020 01:58 AM

 Bitcoin has strengthened and again began its run for $20,000

Yesterday, the value of the main cryptocurrency reached its maximum in 3 years. BTC broke the $19,860 mark. OTC trading platforms noted a significant increase in trading volumes, mainly due to large investors. The Genesis platform reported a six-fold increase in volume compared to a record high in 2017. Investors have become active on specialized platforms, preferring them to messengers. The trading volume on the derivatives market on the Genesis platform reached $600 million in a week. The Galaxy Digital platform has seen similarly rapid growth.

 Ethereum 2.0 finally launched

After several years in the making, the genesis block of the Ethereum 2.0 beacon chain has finally seen the light of day. The upgrade to the second-largest cryptocurrency by market cap was launched as planned, at just after 12 pm UTC on Dec. 1. The launch suffered no hiccups and immediately reached the required stake participation rate to finalize the blockchain. The biggest change is the introduction of a proof-of-stake consensus to the network, which has previously been purely based on the same proof-of-work consensus as Bitcoin. The transition to PoS paves the way for future planned upgrades to be implemented, such as sharding to improve scalability. The launch will be especially welcomed by those in the decentralized finance community. The explosion of DeFi during 2020 saw a huge increase in traffic and gas fees on the Ethereum network.

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Reply #46: Dec 07, 2020 02:01 AM

 Trading activity related to cryptocurrencies is breaking records

Another rise of Bitcoin, as well as the recent launch of the zero phase of Ethereum 2.0, led to records of trading activity on the Binance crypto platform. This is stated in the report of the exchange. At the end of November, platform analysts stated a historical maximum of the trading volume within 24 hours. It was $ 37 billion. Binance's cumulative turnover reached $ 50 billion last month. Serious activity in the market was facilitated by the entry of the BTC value to the next historical maximum in the spot market. Over the past month, bitcoin has grown by almost 40%. Its capitalization has surpassed the $350 billion mark.

 ETH miners earned more in November than in October

Ethereum miners' profits increased significantly last month compared to October. It amounted to $262 million. However, this figure is still lower than the August and September levels. A significant portion of the profits for Ethereum miners came from transaction fees. The growth of this type of income is associated with the development of the direction of decentralized financing and the number of transactions. In November, miners earned $62 million thanks to transaction fees. In September, ETH miners earned $321 million. 50% of this amount is made up of transaction fees.

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Reply #47: Dec 09, 2020 06:19 AM

 The largest software manufacturer intends to invest another $400 million in the purchase of BTC

MicroStrategy, a software manufacturer, wants to raise $400 million for investing in Bitcoin. Previously, the company invested $475 million to purchase the main cryptocurrency. The software manufacturer has released a statement about plans to issue convertible bonds. The maturity date for them is set until December 15, 2025. The securities will be available only to qualified institutional investors. In 2020, MicroStrategy bought BTC several times. In August, the manufacturer invested $ 50 million in the first crypto coin. The next month, the share of the company's crypto assets increased by another $175 million. In early December, Michael Taylor, the CEO of MicroStrategy, wrote on Twitter that the company acquired 2,574 bitcoins for $50 million. Currently, the software manufacturer owns 40,824 BTC.

 One of the Ripple creators sold almost 30 million XRP

Jed McCaleb, one of the founders of Ripple, sold another 29.5 million XRP. After leaving the Ripple project, the businessman received 9 billion XRP tokens. Six years ago, he announced that he plans to liquidate these crypto assets. After a lengthy conflict with Ripple Labs over this, McCaleb entered into an agreement with former partners. According to the document, the entrepreneur was able to sell XRP by tying them to the global trading volume. Under the terms of the agreement, McCaleb was entitled to sell up to 1.5% of the world's XRP trading volume daily. It is important to consider that XRP reached a new all-time high in November. Therefore, the speed with which an entrepreneur began to get rid of crypto assets could negatively affect the market. “After the radical increase in XRP volume (according to CMC) it only made sense that Jed would increase his sales, as per his deal with Ripple. Today 9.9 million XRP were sold, making it a new ATH of Jed sales. At this rate, Jed's 3.836B will run out after 387 days”, says cryptoexpert Leonidas Hadjiloizou, ”said Leonidas Hadzhiloizu. McCaleb owns about 3.7 billion tokens.

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Reply #48: Dec 14, 2020 01:57 AM

 Bitcoin price correction continues, dashing hopes of $20K in 2020

Bitcoin will probably not reach $20,000 this year if a key technical price level isn't reclaimed soon. Bitcoin continues to be in correction mode with its price dropping below $17,600 on Dec. 11, the lowest level since November. Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than 10% since touching a new all-time high ten days ago. Meanwhile, some recent news namely the proposed crypto regulation in the United States is bringing fear to the otherwise euphoric market.

 SEC Commissioner: authorities must abandon excessive regulation of crypto market

Regulators need to find acceptable options in order to finally accept the principle of personal freedom of citizens, embodied in the very concept of digital currencies. Also, the authorities must abandon the idea of excessive control over the crypto industry, said SEC Commissioner Hester Peirce. In one of her recent speeches, she noted that the digital asset market and the sector of decentralized finance creates certain difficulties for the authorities. Regulators, however, should not restrict industry development with excessive regulatory requirements. “If we were instead to steamroll the technology’s liberty-enhancing features under the weight of regulation, we would lose a lot of the power of the new technology to afford opportunities to people whose autonomy has previously been curbed by, for example, limited access to the traditional financial system, geographic location, social standing, or subjection to a repressive government,” Peirce said.

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Reply #49: Dec 16, 2020 02:17 AM

Estonia has revoked licenses from more than 1,000 crypto companies

The Estonian government revoked the licenses of more than 1,000 cryptocurrency companies. This happened amid increasing control over the digital asset industry and countering money laundering. As the representative of the State Commission on Combating Money Laundering noted, "monitoring and regulation" of crypto service operators "constantly needs increased attention." He said that in the past year, many projects have received licenses to work with crypto projects. And amendments to the country's legislation, which came into force in 2020, have tightened the licensing of operators of services related to digital assets. “In 2020, the Financial Intelligence Agency revoked more than 1000 licenses to operate from companies dealing with crypto assets. At the same time, there are still around 400 companies offering services in this area in Estonia. The connection of many of these companies with Estonia is minimal, and the clientele of some companies is from distant countries, ” the Ministry of Finance said.

Hong Kong Securities and Futures Commission (SFC) issues the first cryptocurrency license

Last November, the SFC unveiled new rules for regulating cryptocurrency exchanges in the region. Then OSL Digital Securities Ltd became the only company to apply for a license. On August 25, the SFC tentatively approved an application for a license of a digital asset trading platform operator, but the company had a number of undisclosed conditions to meet. And on December 15, a press release was issued by BC Technology Group, of which OSL is a member, which states that it has finally obtained a license that allows the company to conduct regulated brokerage and automated digital asset trading services. In addition to Hong Kong's licenses, OSL has also applied to the Monetary Authority of Singapore for a digital asset license under the Payment Services Act. First of all, the news is interesting because institutional investors will get access to trading Bitcoin, Ethereum and security tokens. This event is expected to generate interest from industry players to join the market.

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Reply #50: Dec 18, 2020 01:43 AM

 Robinhood is accused of manipulating inexperienced Investors

The Massachusetts authorities have filed a lawsuit against the fintech company Robinhood, which has developed a popular securities trading application. The company was accused of prompting inexperienced users to take risky trades and failed to protect customers from technical glitches in the application. Robinhood, according to the US state, violated new local law. It obliges investment brokers to prioritize their activities in the interests of clients. However, Robinhood, according to the regulator, has provided hundreds of Massachusetts users with no investment experience the ability to trade options. They won approval despite the company's stated policy of screening clients for experience before allowing them to buy and sell options. The company now faces fines.

 American Express has invested in a crypto trading platform

The venture branch of American Express has invested in a crypto trading platform for institutional investors, FalconX. Since the end of the last investment round in May 2020, FalconX has grown by 350% in revenue. According to its own data, the company serves 250 institutional clients. The trading platform's transaction volumes reached about $3 billion per month. “We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said FalconX CEO Raghu Yarlagadda. FalconX offers institutional clients the ability to access cryptocurrency markets through a single platform for trading, lending and clearing.

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Reply #51: Dec 26, 2020 05:01 AM

 Not only COVID-19 year, but the most successful since crypto winter

The Coronavirus did not make any effort to prevent crypto enthusiasts from trading. According to Mass Media, 2020 turned out to stay quite successful in the context of assessing the size of investments in cryptocurrency projects. Crypto companies did their best to raise about $ 3.1 billion. All in all, it took near 800 transactions to reach the score. Despite serious downgrade of players activity during the first half a year, the situation has slightly changed by the end of 2020. For example, BAKKT finished trade round with 300 million dollars in total. The majority of funds came from M12, PayU system, CMT and The Boston Consulting Group.

 Francis Suarez, the mayor of Miami, Florida, declared BTC as a stable investment portfolio

If you have never heard about this man before, now it is high time. The official said: "Great insight into how Bitcoin has been a stable investment during and incredibly unstable year."  The mayor wrote that he learned about BTC from Tyler Winklevoss and Anthony Pompliano. And «Pomp» has declared Miami is on its way to become Bitcoin city, whatever it means. So, for now crypto educated politic states Miami truly can be the first crypto-friendly city across the whole country. No doubt that South Florida takes its leadership to proceed crypto industry, based on advanced technologies. Suarez also said that he was reading the book "Bitcoin Billionaires", which was authored by Tyler Winklevoss.

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Reply #52: Dec 30, 2020 01:28 AM

 Analytics make predictions concerning trial SEC against Ripple

The regulator believes that the XRP company should be responsible for the unregistered issue of securities in the guise of tokens that the project has been selling for 7 years. To remind you, Ripple has raised about $1.3 billion. According to Adam Cochran, a partner of Cinneamhain Ventures, the trial court will take years, though Ripple Company does not have many chances, like EOS or kin do. While seeking the arguments Cochran says that Ripple is completely falling under the jurisdiction of the SEC. The defendants are Ripple CEO Brad Garlinghouse and his companion Chris Larsen. Nonetheless, XRP assets are still trading on global markets. To remind you, the SEC recognized tokens as unregistered securities. Andrew Tugarin, leading partner of GMT Legal, has no doubt that the proceedings will most likely not be in favor of Ripple. «It seems that a large fine will be imposed on the project itself and its founders personally» - analytic said.

 An outside opinion: it is high time for market correction

The total share of TOP-1 BTC on the crypto market for the first time this year has reached 69.3%. Mikhail Karkhalev, the analyst of the crypto platform Currency.com believes that the key driver of BTC's market share growth was a decrease in Ripple's capitalization and its future trial. Over the past 7 days the token price has decreased by 54%. The fall comes amid SEC accusations against Ripple and the refusal of several companies to work with XRP at once. «In my opinion, there are no prerequisites for a decrease in the market share of BTC. The main cryptocurrency, in contrast to the same Ethereum (ETH), is held near the price maximum, while Ethereum has lost positions. The market is ready for a slight correction to $ 21-20 thousand for BTC. The price may reach these levels in the first half of January, after which it will move back to growth in search of new highs.

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Reply #53: Jan 13, 2021 02:08 AM

 British regulator pointed to the risk of investing in cryptocurrencies

The UK Financial Conduct Authority warns of the risks of investing in crypto assets. The corresponding statement was published on the regulator's website. FCA drew attention to the fact that some companies are calling for investment in cryptocurrency projects and promising high returns. The British regulator warns that such investments are high-risk, and consumers "must be prepared to lose all their investments." “Firms offering these products should make sure they comply with all relevant regulatory requirements and are authorised by the FCA where this is required. Since 10 January 2021, all UK cryptoasset firms must be registered with the FCA under regulations to tackle money laundering. Operating without a registration is a criminal offence, ” FCA said in its statement. According to the regulator, the key risks are associated with the lack of a system for protecting the rights of crypto investors, the volatility of such assets, difficulties in understanding the principle of operation of products, and high fees for cryptocurrency transactions.

 The drop of BTC did not undermine the confidence of institutional investors in cryptocurrencies

The sharp decline in the bitcoin rate, which was recorded on January 11, did not become a reason for institutional investors to revise their attitude towards BTC. For example, the founder of SkyBridge Capital, Anthony Scaramucci, wrote on Twitter that he is "investing to the maximum", especially amid the decline in the price of the first crypto coin. Crypto enthusiast Nick Carter also wrote that he was not impressed by the recent decline in the value of BTC. “I felt nothing at 40k and I continue to feel nothing. maybe I'll feel something at 100k? Аfter watching bitcoin plunge 50% to 3k in 24h in an apparently "mature" market last year nothing fazes me anymore», ”Carter said. On January 11, the price of bitcoin dropped to $ 31,000. After that, the rate began to rise again. The cost of bitcoin, according to Coinmarketcap, is $35,556.

 PayPal records a multiple increase in the volume of transactions with the main cryptocurrency

PayPal has set a record for the volume of transactions with crypto assets on its own platform. As of January 11, transactions totaling $242 million were carried out on the site. "That's nearly double the previous record," Nugget's News founder Alex Saunders tweeted. Cryptocurrency trading volume on PayPal was significantly higher than the previous record. On January 6, it reached $129 million. We would like to remind the reader that in mid-November 2020, PayPal launched the purchase and sale of BTC for US customers.

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Reply #54: Jan 18, 2021 01:59 AM

 Criminals moved XRP stolen on Livecoin to KuCoin platform

The fraudsters transferred XRP stolen from the Livecoin crypto exchange to the KuCoin platform. Representatives of XRP Forensics wrote about this on Twitter. They asked the KuCoin administration to freeze these transactions and contact them for more information. Earlier it became known that 106 BTC, 361 ETH and 236 BCH were stolen. A chat has appeared on Telegram for the affected Livecoin traders from Russia, where they share information about the situation with the hacking of the crypto exchange. Some of the users have already contacted the police.

 CryptoQuant claims that investors withdrew $ 2.5 billion in ETH from exchanges in two days

According to CryptoQuant, the number of Ethereum on crypto exchanges has dropped sharply over the past two days. The company reports a decrease in stock exchange balances from 11 million ETH to 8.1 million ETH. The founder of Nuggets News, Alex Saunders, does not exclude that if the trend continues in 10 days, ether will disappear altogether on trading platforms. However, other sources do not confirm these concerns. Ethereum exchange balances have remained largely unchanged since the rise in late 2020, according to Glassnode. “This is nonsense. Who'd really think that a sudden drop of 2M+ #ETH are actual withdrawals from an exchange? Nothing unsusual has happened, exchange flows are completely within their normal range. Current balance: 16.3M ETH», the technical director of Glassnode Rafael Schulze-Kraft tweeted.

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Reply #55: Yesterday at 07:21 AM

 Ethereum has risen in price by more than 14% in 24 hours

Ethereum price has risen by more than 14%. According to Coinmarketcap data at the time of writing, ETH is worth $1,406. “Ethereum's daily transaction volume is going parabolic. It now settles $12 billion in transactions daily - $3 billion more than Bitcoin, " Ryan Watkins, a researcher at the Messari analytical company, wrote on his Twitter account. The explosive growth of the cryptocurrency rate can be associated with the movements of stablecoins, a significant part of which is based on the Ethereum blockchain.

 Mark Cuban thinks Bitcoin may continue to rise

Billionaire and well-known Bitcoin critic Mark Cuban believes that the first cryptocurrency is able to continue to grow, like stocks in general, amid no increase in interest rates. The entrepreneur urged crypto enthusiasts to monitor the dynamics of interest rates. “All speculation about debt will get real ground if interest rates rise and by how much. That's when we will see how this affects the prices of all assets. Bitcoin is akin to any stock. Its price is determined by supply and demand, ”said the billionaire. In his opinion, the interest of institutional investors contributes to the growth of the BTC rate. About a year ago, Cuban stated that bitcoin "has no chance" to become a reliable currency in the future. "It [Bitcoin] is too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value," Cuban said in December 2019.

 Research: over 70% of central banks are interested in blockchain

According to a study by analyst firm Mindsmith, 74% of central banks are interested in blockchain technology. The experts came to such conclusions based on the results of a semantic analysis of publications of 191 central banks. As of the beginning of this year, they mentioned the blockchain 4408 times. More than 50% of mentions of the technology fall on 9 regulators. The undisputed leaders were the US Federal Reserve, the Bank of England and the European Central Bank. In addition, regulators from Singapore, Thailand, Tunisia, Germany, Portugal and Lithuania are included in the top ten by mentioning the technology.


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