eMoneySpace
Welcome, Guest. Please login or register.
Did you miss your activation email?
News: Welcome to eMoneySpace! Sep 17, 2021 01:02 PM




BestChange.com - best way to buy or sell crypto!
Print
Author Topic: BestChange.com - best way to buy or sell crypto!  (Read 16350 times)
BestChange
Reputation: (0)
*

Offline

Posts: 106
Referrals: 0


View Profile
Reply #105: Sep 07, 2021 12:51 AM

 Solana CEO is confident that there are no bubbles in the cryptocurrency market today

Solana CEO Anatoly Yakovenko believes that currently there are no bubbles in the crypto market. It is noteworthy that the growth rate of the SOL rate is significantly higher than that of most digital currencies. Over the past month, Solana's price has tripled. Some crypto enthusiasts believe in the further growth of this token. “Now is a completely different time and it is not worth comparing the current situation with a bubble. In 2017, the bubble quickly inflated and quickly burst, but since then three years have passed and all this time people have been working, creating various solutions and projects. Now is the time when we have created the infrastructure so that new engineers and developers quickly “merge” into the ecosystem,” Yakovenko believes.

 US Senator: cryptocurrencies are the new shadow banks

Massachusetts Senator Elizabeth Warren continues to criticize the crypto industry and urges regulators to take control of projects related to digital assets. This is stated in a series of public letters between Senator, SEC head Gary Gensler and Treasury Secretary Janet Yellen. Warren previously called on Yellen for a "coordinated and consistent regulatory strategy to mitigate the growing risks that cryptocurrencies pose to the financial system." In her address, the senator pointed out that "some" digital currencies are very volatile, and the unpredictability of their rate movements can provoke financial instability. Warren is actively promoting the initiative to "ban the holding of cash deposits that provide stablecoins in the United States." She is confident that this could slow down the market boom and reduce interest in such assets. “Crypto is the new shadow bank. It provides many of the same services, but without the consumer protections or financial stability that back up the traditional system. It’s like spinning straw into gold,” Warren said.

 Retail network Grupo Elektra will start accepting cryptocurrencies

Mexican entrepreneur and owner of Grupo Elektra retailer Ricardo Salinas Pliego made a statement that the retailer intends to add support for the Lightning Network to accept payments in BTC. According to the businessman, this will happen very soon. It is likely that in the future, other companies of the holding will add support for the first crypto coin. Pliego has previously made statements in support of bitcoin. Last autumn, he announced that he had invested 10% of his own "liquid investment portfolio" in BTC.

Logged
BestChange
Reputation: (0)
*

Offline

Posts: 106
Referrals: 0


View Profile
Reply #106: Sep 09, 2021 04:45 AM

 Coinbase has a conflict with the SEC

The SEC has warned Coinbase about its readiness to take the project to court. The Securities and Exchange Commission considers it illegal for the crypto platform to launch the Lend service, which allows users to accrue interest on the digital assets of exchange clients, similar to securities. At the end of June this year, Coinbase announced the launch of a service for cryptocurrency owners who would like to make a profit in USDC. Lend service offers a rate of 4% per annum, which is 8 times the average rate for high yield savings accounts in the country. “They [the SEC] refuse to tell us why they think it's [the service] a security, and instead subpoena a bunch of records from us (we comply), demand testimony from our employees (we comply), and then tell us they will be suing us if we proceed to launch, with zero explanation as to why,” “They [the SEC] refuse to explain to us why they think that it [the service] is a security, and instead asked for documents (we provided), summoned our employees for questioning (we agreed), and then said that they would file court, if we continue to launch without explaining the reasons, " said Coinbase CEO Brian Armstrong. The new service of the crypto platform is a loan that the client provides to the exchange in the form of USDC. Coinbase believes the new product has similarities to bank savings accounts.

 Ukrainian authorities legalize cryptocurrency

Today, on September 8, deputies of the Ukraine’s Verkhovna Rada in the second reading approved the draft law "On virtual assets" aimed at regulating the digital assets industry. Now the owners of cryptocurrencies will be able to legally perform transactions with them, and international projects - to register a blockchain business on the territory of Ukraine. The law reflects the concept and legal status of a digital asset, as well as secures ownership and transaction rights. International crypto-exchanges, where virtual assets are traded, have the opportunity to work on the territory of Ukraine. “Cryptocurrency holders will receive a number of benefits. Due to the fact that legislative regulation of this area will appear, they, at least, will be able to protect their condition in virtual assets if something happens. They will also be able to legally exchange crypto assets, declare them. This process will be completely "white". In addition, we expect that there will be a whole market of intermediary services for paying for goods with cryptoassets, storing them, exchanging them. This will expand the possibilities of their use,” said Alexander Bornyakov, Deputy Minister of Digital Transformation for IT Development.

 Hong Kong is considering tightening controls on the digital asset market

Hong Kong authorities are exploring the possibility of tightening control over the digital asset market. The new regulations should help close the loopholes for illegal cryptocurrency transactions that remained in the 2019 law. The Hong Kong Securities and Futures Commission (SFC) plans to take over the regulation of crypto assets and issue licenses to projects from this industry. According to the rules of 2019, in order to avoid the attention of the regulator, companies had to choose tokens for work that do not formally fall under the definition of "security" and "futures". Julia Lyng, deputy executive director of the structure, pointed to "significant losses for investors." In her opinion, "Hong Kong should put an end to unlicensed cryptocurrency trading and engage in financial literacy of investors."

Logged
BestChange
Reputation: (0)
*

Offline

Posts: 106
Referrals: 0


View Profile
Reply #107: Sep 14, 2021 12:04 AM

 Most South Korean crypto exchanges will cease operations

Most cryptocurrency platforms in South Korea will stop operating. We are talking about 40 out of about 60 exchanges. The reason behind it is non-compliance with FSC rules. The new requirements include compliance with the KYC mechanism together with partners, which are credit institutions. Banks do not seek to develop cooperation with trading platforms, which may attract additional attention of regulators. Crypto exchanges must be registered by September 24, but by September 17, companies are required to notify users of the likely closure if they fail to go through this procedure. Media reports that only 20 companies have complied with the regulations.

 The damage to payment companies due to the introduction of Chivo into the financial system of El Salvador was estimated at $1 billion

The probable damage to payment companies due to the introduction of the Chivo BTC wallet into the financial system of El Salvador could amount to $1 billion. This opinion was expressed by the former top manager of the Liquid crypto exchange Mario Gomez Losada. According to IHS Markit, about 70% of Salvadorans receive bank transfers from abroad. About 60% of such transactions are carried out by payment systems. 38% are processed by credit companies. Payment service fees are sometimes quite high for international transactions. For example, a $100 transfer via Western Union from a US account to El Salvador reaches $5. “Remittances are an area where the status quo in our traditional financial system is terrible, with extraordinarily high fees levelled at populations that can ill afford them. It’s a worn-out Twitter saying, but bitcoin really does fix this,” said Matt Hougan, chief investment officer of Bitwise Asset Management.

Logged
BestChange
Reputation: (0)
*

Offline

Posts: 106
Referrals: 0


View Profile
Reply #108: Yesterday at 04:20 AM

 Warren again insists on the need to regulate the crypto market

The collapse of the crypto market and disruptions on the BTC exchanges indicate the need for regulation of this area by the SEC. This opinion was voiced by US Senator Elizabeth Warren. “In a matter of hours, the $400 billion in market value simply evaporated,” the senator said. The politician cited the example of a notional retail investor who lost his money when the market went down. According to her version, he could invest right before the collapse and then take his investments. However, crypto platforms like Coinbase were not available.

 Crypto project raised $22.8 million

The dTrade crypto derivatives platform based on Polkadot raised $22.8 million. The participants in the transaction were Polychain and Alameda together with Hypersphere, DeFiance, CMS, Divergence, MGNR, Altonomy. The received financing is intended for lending to market makers (MM), who will provide liquidity to the exchange order books. Representatives of the project claim that they have already secured the support of "the largest MM in the crypto industry." “Market makers are market participants who place orders to buy and sell certain traded assets. MM provide efficient markets by allowing traders to smoothly open and close positions at near fair prices,” the statement said.

 Cardano can rise in price several times due to a successful hard fork

The cost of Cardano can grow 3-5 times, says Nikita Soshnikov, CEO of Alfacash. He believes that more and more DeFi projects will appear on the network. This will have a positive effect on the liquidity flow. “It is difficult even to predict the timing of when such a leap is possible because it is not clear which projects will start working on the Cardano blockchain and how much they will be in demand by users,” the expert noted. He also suggested that Cardano has the potential to rise in price to $6. That is, the crypto coin can grow by 150% from the current levels.

Logged
Print
 
Jump to:  
Copyright © 2008-2021 eMoneySpace. All rights reserved.