Re: How to choose the best exchange service and save your time? Here is the best option that works perfectly!

#51
Cyber criminals netted $ 4.3 billion in 2019, and Japan plans to launch its own cryptocurrency

Japan plans to launch its own cryptocurrency

The country should have its digital currency in two-to-three years, according to Kozo Yamamoto, the head of the commission for the study of banking and financial systems of the Liberal Democratic Party of Japan.

He noted that the government will include this question in the list of medium-term tasks and attach the paramount importance to it.

“The sooner the better. We’ll draft proposals to be included in government’s policy guidelines, and hopefully make it happen in two-to-three years,” Yamamoto said.

He thinks that each country should create a digital platform to control cash flow. This will help better handle crises and stabilize the economy.

Cyber criminals stole $4.3 billion in 2019

Threat actors stole at least $4.3 billion in cryptocurrency in 2019, according to a study by Chainalysis. In 2018, the amount consituted $3 billion.

The dramatic increase of fraud was caused by the spread of financial pyramids, with 90% of the funds stolen through six schemes. The Plus Token platform was among the most notorious ones, it promised customers daily income for storing coins. The creators of the pyramid managed to raise $2 billion, they are currently under investigation.

In 2017, most cryptocurrencies were stolen through ICOs, and in 2018, through hacker attacks.
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Re: How to choose the best exchange service and save your time? Here is the best option that works perfectly!

#52
Tether to track USDT transactions, and US authorities want to strengthen control over the crypto sphere

Tether to track USDT transactions

The company will implement a compliance tool to track suspicious transactions in USDT tokens. The goal is to meet the requirements of regulators in various countries. To do this, Tether will use the Know Your Transaction software created by firm Chainalysis.

“Know Your Transaction (KYT) is a real-time AML compliance solution for montiroinga token’s full lifecycle, from issuance to redemption, ” Chainalysis said.

According to the Tether company, the privacy of USDT owners will not be affected. Earlier, the British regulator suspended ePayments system due to non-compliance with the requirements of the anti-money laundering law.

Trading volumes on cryptocurrency exchanges increase by 70%

Since the beginning of 2020, trade on spot cryptocurrency exchanges has increased by 70% and reached a six-month peak.

More than half of the volume falls on the Binance exchange, whose share in the total turnover has also grown, according to a research by The Block. Regulated platforms of derivatives also see an increase of activity. Open interest at Bakkt reached a record $ 12 million at the end of January, and the average trading volume went up to $26.45 million.

Things are going well on CME too — in January the average trade turnover increased by 144% to $458 million. BitMEX is also not far behind — the level of trading in perpetual BTC swaps increased by 55% in the first month of 2020.

USA to release new cryptocurrency regulation rules

The US Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN) are developing new requirements related to cryptocurrency. This was stated by Treasury Secretary Steven Mnuchin.

He did not disclose the details but noted that departments are paying great attention to working out this issue and are working closely with other watchdogs. Mnuchin also added that he shares the concerns of Congress over the use of digital currencies in illegal operations.

Earlier, the administration of US President Donald Trump proposed budget proposal for 2021, which includes strengthening control over cryptocurrency transactions.
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Re: How to choose the best exchange service and save your time? Here is the best option that works perfectly!

#53
Best days of the week to trade BTC, and Craig Wright says he owns rights to Bitcoin network

What days of the week it is best to buy and sell bitcoin

Longhash, data analytics platform, conducted a study: which days and hours are the most profitable to buy and sell.

For this study, experts analyzed two years of hourly bitcoin price data for each day of the week, having calculated the average prices of opening, closing, as well as maximum and minimum.

It turned out that bitcoin’s price had a tendency to be at its lowest point of the week on Fridays at around 6 AM UTC, and Monday evening/Tuesday morning at midnight UTC the price is on average $170 higher than on Friday morning.

The researchers note that Monday to Tuesday night institutional traders from Asia, America and Europe open long positions. On Friday, market participants seek to take profits before the weekend.

Craig Wright says he owns rights to Bitcoin

Craig Wright, the self-proclaimed Bitcoin creator, demanded that Bitcoin and Bitcoin Cash networks stop using the distributed registry, which, he said, belongs to him.

Wright said he would protect his intellectual rights to the first cryptocurrency’s blockchain in court.

“As the creator of Bitcoin, I maintain the sui generis rights to any copy of the database created from Genesis in January 2009. I shall not be relinquishing the ownership. I will be licensing it, and have already engaged in a process.”

He pointed out that only Bitcoin SV has a right to use a distributed registry, while Bitcoin and Bitcoin Cash do it illegally.
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Re: How to choose the best exchange service and save your time? Here is the best option that works perfectly!

#54
I have been looking for a crypto exchange with a good reputation for a long time. My friend advised me one, he told me that the best rates on hiribi.com. I took advantage of this exchanger. I liked that I was able to very quickly withdraw my money to paypal. I was surprised that I was able to withdraw my money to my paypal account so easily and I know that this service supports different payment systems. This is a good exchanger for me.
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Re: How to choose the best exchange service and save your time? Here is the best option that works perfectly!

#55
Whales buy bitcoin, and Binance can not cope with the influx of customers

Research: whales are buying bitcoin

Analysts at the Kraken exchange found that in February, major holders of bitcoin (100-1,000 BTC) became much more active. According to the report, the previous phase of the accumulation of coins by whales led to an increase in the exchange rate in January of this year. A similar relationship was observed in 2018-2019.

“We anticipate accumulation to conclude in the weeks/months ahead and volatility to re-emerge”, experts say.

There are also“smaller” investors who own amounts between 0.1-1 BTC - over the year their number increased by around 10%. However, the largest coin holders (over 1,000 BTC) are still employing “wait-and-see” tactics, analysts say.

Binance performance issues caused by an influx of users

Last week, customers of one of the largest cryptocurrency websites Binance encountered the website’s performance issues.

CEO Changpeng Zhao said that the problems were caused by an influx of users an increased load on the system. Zhao links the influx of customers with bitcoin’s price returning to $10,000.

“The difference between BTC at $10,000 this time around and the previous times is, there are a lot more users now. While this is a solid sign of strong recovery for the crypto market, it also puts on significant load for our systems,” the Binance CEO wrote.

CelticGold encourages investing in bitcoin

Another major investment company recommends its customers to invest part of their funds in bitcoin.

CelticGold specializes in precious metals trading. The company’s analysts published a report in which they had revealed the advantages of cryptocurrencies and recommended that investors allocate 1-5% of their portfolio into bitcoin.

“If you are very familiar with cryptocurrencies and Bitcoin, you can individually allocate higher percentages to Bitcoin. For the average investor, who is also invested in equities and real estate, 5% in the highly speculative and highly volatile Bitcoin is already a lot!”

CelticGold experts add that BTC is a safe haven asset, as it is not managed by central banks and governments. In addition, the number of coins is limited, and regulators cannot print new ones.
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Re: How to choose the best exchange service and save your time? Here is the best option that works perfectly!

#56
Ripple gets in the top 100 payment systems, and oil prices are more volatile than bitcoin

Ripple got in the top 100 international payment systems

The payment system based on the Ripple company blockchain was included in the list of the 100 largest cross-border payment systems. This is the only blockchain project in the list.

The TOP-100 was compiled by the analytic company FXC Intelligence, along with Ripple, the list included Visa, Bank of America and PayPal. In addition, it contains MoneyGram, TransferGo and other payment systems that have partnered up with the blockchain project.

Oil prices are more volatile than bitcoin

Cryptocurrencies are usually blamed for considerable price fluctuations, but as it turned out, at the moment bitcoin is far from being the most unstable asset.
At the end of January, The West Texas Intermediate (WTI) oil price's one-month realized amounted to 119.6%, while that of BTC - 54.5%. For comparison, in gold this indicator is 17.3%, the S&P 500 - 11.6%.

This is not the first time that the oil rate exceeds bitcoin in the range of fluctuations. For example, in the fall of 2019, WTI volatility increased to 133%, when BTC did not exceed 50%. Realized volatility is the standard deviation of daily price fluctuations in percentage.
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