Topic: Crypocto (Read 1777 times)

Its important to strike a balance between encouraging innovation and preventing monopolistic control
btw the policymakers have a responsibility to carefully consider the consequences of accepting campaign donations from big tech companies. Its not just about the money
Its not just about the money - Its also about maintaining the integrity of the regulatory process and protecting the interests of the general public

big tech, man. They got some rad innovations, no doubt
but hey, we cant let those dudes have total control
the policymakers better put on their thinking caps and weigh the good and the bad when it comes to those campaign donations
its not like they can just grab the dough and go hog wild with it. its a whole complicated dance they gotta do

Yeah. Big tech can bring some cool stuff, but we can't let them control everything. The policymakers need to carefully think about the pros and cons of taking those campaign donations. It's not as simple as just taking the money and doing whatever they want.

It's crucial to maintain a fair and transparent regulatory framework that considers the interests of all stakeholders, not just the powerful corporations. The decentralized space has the potential to disrupt traditional power structures and empower individuals, but we must ensure that this power isn't simply transferred to a different set of centralized entities.

Let's just hope that the policymakers also take a nuanced approach when they're accepting their massive campaign donations from big tech companies. Because nothing says "innovation and regulation" like having corporations call the shots, right  ?

I completely agree with both of you. It's important to strike a balance between innovation and regulation, especially in a rapidly evolving landscape like the decentralized space. I think it's encouraging to see companies like Polygon taking an active role in shaping the conversation around regulation, and I hope that policymakers will listen to their perspective and take a nuanced approach that recognizes the unique characteristics of decentralized systems. Ultimately, I believe that decentralized technologies have the potential to create a more equitable and inclusive financial system, and it's important to support their continued development while also ensuring that they are used responsibly.

The appeal made by Polygon Labs to exclude decentralized technologies is a valid one, but there is a dilemma in determining the extent of accountability for developers of decentralized systems. As several experts highlights, the proposed amendments seek to focus on permissioned distributed systems that can be controlled by a business entity or individual. However, it remains unclear how to define and regulate the accountability of developers in fully permissionless systems, such as on-chain or noncustodial services. Therefore, it is crucial to strike a balance between promoting innovation and protecting users' and businesses' data privacy and security in the evolving decentralized landscape.

I understand where you're coming from, but I believe you might be underestimating the unique capabilities of Polygon. While other blockchain platforms might offer similar functionalities, Polygon's architecture has been specifically designed to address scalability and latency issues. It has been making significant progress in fast and cheap transactions, and offers extensive resources and support to help developers navigate the learning curve. Once developers master Polygon's development protocols, they can create decentralized apps that are tailor-made to their specific requirements.

On a separate note, Polygon Labs recently published an open letter to EU politicians, appealing for amendments to the proposed MiCA bill. The company's request is to exclude decentralized technologies and their creators, such as developers of open-source systems, from regulation under Article 30 of the Data Law. Polygon stresses that developers of decentralized systems should not be held responsible for the processes and activities that their code may be used for

I totally get where you're coming from, but I think you might be underestimating what Polygon brings to the table. Sure, there may be other blockchain platforms with similar capabilities, but that doesn't mean Polygon isn't special. Its architecture is specifically designed to handle scalability and latency issues, and it's been making some serious strides in fast and cheap transactions.

And yeah, learning any new technology can be a bit of a pain in the butt. But let's be real, what new thing isn't? The thing is, Polygon offers tons of resources and support to help developers get over the learning curve hump. And once you get the hang of it, you can really take advantage of their development protocols to make some kick-ass decentralized apps that are tailored to your specific needs.

While Polygon may claim to offer a wide range of features and functionalities that make it highly differentiated, it's important to keep in mind that there are many other blockchain platforms out there offering similar capabilities. While its architecture may be designed to enable fast and low-cost transactions, there are still limitations to how much throughput it can handle and how low its latency can be.


Polygon may offer a diverse set of development tools and protocols, this doesn't necessarily guarantee that developers will find them easy to use or customize. In fact, the learning curve for these tools may be quite steep, which could make it challenging for developers to build decentralized applications that are optimized for their specific needs.

the fact that it offers diverse development tools and protocols is a major plus for developers. It's clear that Polygon is committed to innovation and making blockchain technology accessible to a wide range of use cases and industries.

Polygon offers a wide range of features and functionalities that make it a highly differentiated blockchain platform. Its architecture is designed to enable fast and low-cost transactions, with high throughput and minimal latency. In addition, Polygon has a strong focus on scalability and interoperability, which allows it to support a wide range of use cases and applications.

Furthermore, Polygon offers a diverse set of development tools and protocols, including its own Polygon SDK and Polygon PoS chain, which provide developers with a high degree of flexibility and customization. This allows them to build decentralized applications and smart contracts that are optimized for their specific needs, whether that be in finance, gaming, or other industries.

Overall, I believe that Polygon's approach to blockchain technology is highly differentiated and offers a unique value proposition to users and developers alike. Its commitment to innovation, scalability, and interoperability will continue to set it apart from other blockchain platforms and make it a leading player in the space.

Nowadays i can summerize 4 main cons of polygon

Lack of differentiation: Some people might argue that Polygon doesn't offer enough unique features or benefits compared to other cryptocurrencies or blockchain platforms. They might see it as just another digital currency in a crowded market.

Lack of mainstream adoption: While Polygon has gained a following among the Ethereum community, some critics might argue that it hasn't yet gained enough widespread adoption to justify investing in it. They might argue that it's too risky to invest in a relatively new and unproven technology.

Concerns about decentralization: Some critics might argue that Polygon's reliance on Ethereum as its underlying technology means that it's not truly decentralized. They might argue that there are other blockchain platforms that offer greater levels of decentralization and security.

Technical issues: Like any technology, Polygon is not without its flaws. Some critics might point to technical issues or vulnerabilities in the system as a reason to be cautious about investing in it. They might argue that it's too early to know whether these issues will be resolved or if they will have a long-term impact on the technology's viability.

If you are not afraid of these minds, you can obviously try to invest and make money from it.

the team behind Polygon has been actively working on improving the platform's infrastructure and functionality. For instance, they recently launched a new layer-two scaling solution called Avail that promises to enhance the speed and scalability of the network even further.
However, cryptocurrency prices are highly volatile and can change rapidly due to a variety of factors such as market sentiment, regulatory developments, and technological advancements. It's essential to do your own research and exercise caution when investing in any cryptocurrency.

USD is now on the list of currencies on Crypocto!

Many cryptocurrency investors use fiat currencies to buy digital assets. However, it is not always easy to find a tool that not only allows you to buy cryptocurrency for fiat, but also offers a favorable exchange rate.

Cryptocurrency exchanger Crypocto is exactly that. We offer favorable quotes, automatic exchange and a constantly expanding list of supported currencies. In particular, customers can now use the U.S. dollar (USD) for exchange.

Why USD support is important?

By adding USD to the list of supported currencies, our clients can buy any digital asset by paying in USD. Buying cryptocurrency in USD has several important benefits for both novice and experienced traders, including:
The U.S. dollar is the most common fiat currency in the world. Many people keep their savings in this currency, so it is easy to use for investments.
Many people have dollar cards. You can buy cryptocurrency using your USD account without any additional complications.
The USD is actively used for buying/selling cryptocurrencies, and the support of this currency is very important for both beginners and experienced investors.

Buying cryptocurrencies for USD at Crypocto

Cryptocurrency exchanger Crypocto offers customers the opportunity to buy cryptocurrencies for USD. In total, more than 20 digital assets that can be purchased for USD are available at our exchanger. Crypocto offers automatic processing of exchange requests. All requests are immediately sent to the blockchain, and once the transaction is processed in the blockchain, users receive funds without delay.

We are constantly working on adding new fiat and cryptocurrencies to our service. Take advantage of new features now!

I agree with you. Time will show!

thanks a lot for sharing your minds, appreciate that
Polygon has done well to expand its real-world utility. however, it is  more likely for us to see how Ethereum’s update effects on it next year

What do you think will happen to the Polygon after the ETC update release? As i see the need of Polygon would be significantly reduced

Polygon (MATIC) is already on Crypocto!

Cryptocurrency exchanger Crypocto continues to expand its list of supported cryptocurrencies. The next coin we've added to the service is MATIC. It's a cryptocurrency from Polygon, a project that is working to improve the Ethereum network.

What is Polygon (MATIC)?

Polygon is a project that aims to improve the scalability of Ethereum. The project team is working to increase the speed of financial transactions, while reducing fees on the network. Polygon is also being used to create decentralised applications. In June 2022, the project was used to develop 7,000 applications in the DeFi, meta-universe, and games industries.

MATIC is Polygon's own coin. It is an ERC20 token based on the Ethereum blockchain. MATIC is the platform's internal cryptocurrency that can be used to pay fees on the network and to create decentralised applications. The cryptocurrency is actively traded on exchanges. As of January 19, it is ranked 10th by capitalisation at $8.8bn.

Polygon price history (MATIC)

The cryptocurrency MATIC has been around since 2017, but its heyday began in 2021. The digital coin has passed two peaks. The first occurred at the end of May 2021, when the cryptocurrency price surpassed the $2 mark. However, just six months later, at the end of December 2021, there was another MATIC price spike. At that time, its value reached $2.85. At the moment, the cryptocurrency has rolled back and is trading at just above $1. However, experts see a great future for MATIC, and expectations for this digital coin are positive.

With Crypocto exchanger you can buy, sell or exchange MATIC to other cryptocurrencies. We offer an exchange for any of more than 20 other cryptocurrencies, such as:

- Bitcoin (BTC).
- Litecoin (LTC).
- Ethereum (ETH).
- Dogecoin (DOGE).
- Dai (DAI) and more.

In addition, you can buy or sell cryptocurrencies for fiat money. Crypocto supports operations with the Ukrainian hryvnia and the US dollar. We offer favorable exchange fees and fast financial transactions. Go to Crypocto and buy/sell MATIC without restrictions!

Hi. Thank you for your question. On our website you can make exchanges without registration. This is an advantage of our website.
The policy states:
"By further using the Crypocto Service and/or registering to use the Service, you acknowledge that you have read, understand, accept and agree to abide by the User Agreement and Privacy Policy governing your use of the Crypocto Service."
And the "register" button is for those who wish to have an account and use our site on a permanent basis.

Hi. Thank you for your comment. We will take it into consideration.
On our website you can make exchanges without registration. This is an advantage of our website.

Genesis was disappointed that Gemini is waging a public media campaign despite ongoing productive private dialogue between the parties. This is a very comples process that will take some aditional time.

Gemini officially closes Earn programme

Gemini clients have received a letter informing them that the stock exchange is terminating its loan agreement with Genesis Global Capital and halting the Earn yield program. The company stresses that the termination of the loan agreement does not affect Gemini's plans - they will continue to seek a way out of this situation.

Amid the cryptocrisis, credit broker Genesis has frozen withdrawals. And because they were Gemini's partner, the cryptocurrency exchange had to block deposits in its Earn programme.

Last week, Gemini co-founder Cameron Winklevoss posted an open letter on social media in which he accused DCG and Genesis founder Barry Silbert of shutting down Gemini's Earn programme.

In another open letter, Winklevoss addresses the DCG board. He is asking the board to fire Silbert because he has driven the company into crisis.

So far, the parties have not given concrete answers as to when Earn investors will get their deposits back.

Israel may equate cryptocurrencies with securities

Israel's regulator (ISA) has published a proposal to extend securities legislation to cryptocurrencies and digital assets.

ISA's proposal covers three regulations:

"Securities and Derivatives Law" of 1968;
"Trust Co-Investment Act" of 1994;
The Investment Advice, Marketing and Portfolio Management Practices Bill of 1995.

The main thesis of the amendments is to introduce a reference to cryptocurrencies in the definition of securities. This will clarify the legal status of cryptocurrencies and prepare the basis for regulation in this area.

This applies to all assets that fall under "the definition of derivatives, even if they are not traded on a stock exchange". The updated bills would affect residents both inside and outside Israel.

Furthermore, if passed, the amendments would automatically place cryptocurrencies under ISA supervision. And while the regulator hides behind concerns about risks to investors, these creeps into the industry seem more like an attempt to tighten oversight in the wake of the high-profile FTX bankruptcy.

Oh yeah, now i see whats ur talking about
I was a bit confused with registration requirements, as the main process is clearly possible without being registered, i mean its just like click and done
But now it could make someone to consider about rewriting privacy policy

Australia's first Lightning Network-enabled crypto machine

The Australian city of Coolangatta has installed a Lightning Network-enabled crypto machine. This is the first physical implementation of Tier 2 technology for bitcoin.

Why it is important

Traditional bitmachines conduct transactions directly on the blockchain. This has its own disadvantages. For example, ISPs have had to move to batch transactions, which has caused fees for miners on the Bitcoin network and for buying BTC through a crypto machine to increase significantly.

Batch transactions slow down the speed of transactions. That is, in practice, the user deposits cash through an ATM, but the cryptocurrency does not arrive immediately. Operators, meanwhile, collect other bids from those wishing to buy BTC. They then group the transactions and send them in one package.

Lightning Network technology solves the problem. It is a Layer 2 protocol that offers high scalability and low transaction costs. The Lightning Network solution promises lower transaction fees. Buyers through such technology will be able to buy minimal fractions of BTC in satoshi.

His point is that in the Announcement, OP claims that the service does not require any registration


But this


and the privacy policy disagree

What's the point of registration then if it is not required?

You must be missing something, even if you closed the tab with the exchange, you are still able to resume it with order finder without being logged in
https://i.imgur.com/nq1MGaZ.png

Hi, posting crypto news doesn't look very well for an ANN topic, this topic should only be about the service you are providing. On the first post, it says no registration needed, but seems to me that we do need to register after all.

SWIFT to introduce crypto features in next update

The internationally recognised financial communications network SWIFT plans to introduce crypto and blockchain features on 19 November 2023.

First of all, they will improve the system's securities reports so that they are suitable for identifying digital assets. Next, the company will add new features related to tokens and implement blockchain wallet address identification. They are also looking at different options for crypto asset storage services.

Since the announcement appeared in the business section, it is not clear whether individuals will be able to use the new options. It is worth bearing in mind that SWIFT is a network for exchanging electronic information between banks. This is not exactly in line with the idea of blockchain, which means a network without intermediaries.

In September, SWIFT and Chainlink launched a pilot project to test cross-chain transactions. And in the US market, they are testing a separate technology that will combine payments between 7 major financial companies. They include asset managers Vanguard and Citigroup.

The New Year is just around the corner!

It's been a difficult year, but we have survived and continue to develop successfully even in the toughest of times. Despite all the difficulties, we delight our customers with pleasant exchange rates, low commissions and a wide range of currencies for exchange.

In the next year we wish you predictions to come true and your balance to be always positive, less liquidations and stormy weather on the market, more reliability and growth where it is needed. And of course, more balance in your wallets, and we will help you with that!

Happy New Year! Your Crypocto team

Reckless and Massive loans which were made when the price of bitcoin was significantly higher than it is today, finally took a bad joke with them

Crypocto referral system!

Crypocto exchanger not only makes the cryptocurrency exchange process even more comfortable, but also helps our partners to earn By using our referral link, which is unique for each user, you can receive from 30% of income from the exchanges, which are made by the clients, attracted by you.

How to get a link and use it properly:

1. The first thing to do is to register on the platform and go to your personal account.
2. Next, you need to click on the "Referrals" section in the panel on the left.
3. After going to the "Referrals" section all the information about the referral program is available for viewing. Namely: personal link, referral percentage, number of attracted referrals, number of active referrals and bonuses (credits).
4. Also, you can specify the amount of withdrawal and the USDT TRC-20 address for withdrawal of referrals.
5. The referral exchange history will also be available in your personal client cabinet. You can count all your referrals by yourself.
6. How to use the link and the options for its distribution you can see referral system Crypocto!

You can also find a more detailed manual in our Instagram (tab "For partners"). Partners earn with us!

Binance has joined the US Chamber of Digital Commerce

Binance has joined the Chamber of Digital Commerce. It is an organisation that lobbies on crypto industry issues in the US. The move will help the exchange quieten the voices of critics accusing the firm of allegedly operating without regulation.

Here's how Binance vice president of public affairs Joanne Kubba commented on the news:

"Our company is in the midst of a rapidly evolving industry, in a complex regulatory environment. It is therefore critical for Binance to work collaboratively with regulators and policymakers. And also with industry representatives such as the Chamber of Digital Commerce. Such collaboration will be fundamental to our overall mission to develop sensible regulations for cryptocurrencies and blockchain. Ultimately, this will ensure that users are protected."

The Chamber of Digital Commerce deals with public policy issues in the crypto industry. This includes promoting tax parity for crypto assets, fair AML/KYC rules, clear regulations for security tokens, etc.

India: G20 members must show unity on cryptocurrency regulation

The G20 bloc is meeting in Bangalore from 13 to 15 December. India is chairing the summit. One of the key issues of the convocation is the regulation of cryptocurrencies.

India's Federal Secretary for Economic Affairs Ajay Seth stressed that the main task of the summit participants is to find consensus on cryptocurrencies. He believes that this will require an examination of not only monetary policy specifics but also the impact of cryptocurrencies on the economies of particular countries.

"The regulations have to come from a certain political point of view. One of the priorities of the meeting is to help countries develop a common regulatory approach to regulating cryptocurrencies," Seth stressed.

Determining the 'tone' of the rules on digital assets will unify the requirements and avoid loss of control due to leakage of funds and companies 'escaping' abroad.

India has a less loyal stance towards cryptocurrencies compared to most other G-20 members. There have been repeated calls for a ban on CA, and in May it was equated with gambling.

Fixed and Floating rate, what is the difference?

For the convenience of our users, we at Crypocto offer two types of exchange rate when making exchange requests: fixed and floating. What do these mean?

Fixed rate

In this case you fix the rate you want to use when you submit your order. The amount to be received remains fixed; if the rate changes by more than the selected percentage before all the necessary approvals are received in the blockchain, you will be able to refund the money or continue the exchange at the floating rate.

Floating rate

If you choose a floating rate, it is only finally set after the transaction receives the required number of confirmations on the blockchain.

Example:

You make a request to exchange BTC for ETH. If you choose a fixed rate, you will receive exactly the amount of ETH you specified when you created the order, or you will receive a notice that the rate has changed and decide what to do next.

If you choose a floating rate, then the total amount may be a little lower or higher than the initial amount, depending on the situation on the exchanges.

So which rate is better to choose?

It all depends on your preferences: if you want to get a fixed amount upon execution of the exchange - then choose a fixed rate. If you just want to exchange your coins with minimal commission - then choose floating.

In any case, the Crypocto support team is always happy to help. We will ensure the most profitable and fastest exchange of fiat and cryptocurrencies.

I'm curious to know how you'd be able to achieve this on GA...

AFAIK, if a certain individual does it on more than one occasion, all of the succeeding/subsequent reviews would fall under the category of reviews that aren't allowed by BestChange:

• Quote from: https://www.bestchange.com/faq.html
  Why was my review deleted?
  
  Administration of exchange rate monitoring service has a right to delete reviews that:
  duplicate the user's other reviews;
  ~Snipped~
  are written by the user with a view or receiving financial or other benefits.

Cryptocto launches a contest!

Every Friday, the Cryptocto service will draw cash prizes. For reviewing us on BestChange, you get the opportunity to win a prize, which will be transferred to your USDT wallet. Every Friday at 15:00 we restart the contest, and until 18:00 we publish the results of the drawing of the entire amount accumulated over the week in our Telegram channel.

Draw conditions:
1. You need to exchange funds on our website crypocto.com
2. On the day of the exchange, leave a review about the work of our service on BestChange, indicating the number of the exchange in the message.
3. Only real numbers of exchange operations on our service participate in the drawing.
4. Go to your mail, open the letter from BestChange and activate the review by clicking on the link.
5. Subscribe to our Telegram channel.


How will the winner be chosen?

The feedback of each contestant adds 0.1 USDT to the final prize. The more reviews, the bigger the winnings! Every week, with the help of Google Authenticator, we select 1 winning review, which will take all the "contents" of the checkout - the amount that will be collected in a week.

1 exchange + 1 review = 1 ticket. More tickets, more chances to win!

if we want to support the industry, then we do not need such a "mass adoption". through it we pump up the market with new people. we were given a life raft, not even a lifeboat, but we want to dismantle most of it and let it go to the fire in order to prove to someone in the darkness of the crisis that "we can do it beautifully." Yes, we can, but then we still have to swim for a long time, and on the stump it will be much more difficult, if feasible at all.

I sincerely hope that such moves wont lead binance to FTX results

Binance Labs invest about $4.5M in Ambit Finance to develop DeFi

Binance Labs, the venture arm of Binance, has invested up to $4.5 million in Ambit Finance, a DApp that uses new financial products to add value to BUSD and crypto assets.

Binance Labs and Ambit will collaborate to launch future DeFi applications with a focus on security and risk control. They will also collaborate with projects in the BNB Chain ecosystem.

Ambit will create a stablecoin that will generate income based on BUSD. It is designed to provide profit under any market conditions.
The project roadmap also includes the creation of a DeFi Superapp containing features such as secured lending, secured margin lending, and structured products for financial institutions. Ambit will strive to provide the most unique experience in all of Web3 and become the hub of DeFi activity.

Binance Labs CEO I He commented, “Binance Labs is always willing to invest in and develop promising DeFi projects. We hope there are solutions that can contribute to build a robust DeFi industry even in a turbulent market.”

the least volatile coin, seems the Colombian barons keep the course

Cryptocto on BestChange!

Now you can find us on BestChange - the leader among cryptocurrency exchange monitorings. It is created for those who want to securely exchange electronic money on the Internet with minimal commission. The main thing that BestChange guarantees to its customers is the security of transactions at the exchangers presented on it.

Our Cryptocto exchanger is also in the ranking of the best and most reliable representatives of this market and now you can find us in the top for a variety of currency pairs. See you at the listings!

Here are my summaries. xmrbtc is now at its lowest level in years, while all other indicators have risen. Hashrate, number of nodes, number of transactions per day, usage rating, number of projects that accept Monero, development of technology in general. The atomic swap from comit-network was developed and integrated, the Haveno decentralized exchange was made. And with all this, according to the datamish com website, there are 2 times more shorts on the coin than longs. The coin has a huge fanbase, most agreeing that they are trying to regulate the coin, not only with speculation, but also with some FUD. Also, during the May fall of bitcoin, many exchanges decided to temporarily ban the withdrawal of this coin without explanation. It was simply suffocated.

Im not pretending on the veracity of my claims, it better be called my observational opinion

Im too old for trying to figure it out in a such a proper way, but still grateful for Yours attempts

It's ironic that you have to talk about XMR without ignoring Bitcoin. This gets show which one is "real" and which other one was a copycat or was inspired by the other one

Start by reading the white paper, maybe you will understand the main purpose of Bitcoin

Says someone who still uses fiat.

Glad that money is still becoming more noticeable in crypto sphere.. XMR (Monero)is the ONLY real Bitcoin that had ever existed today thanks to Bitcoin, monero fixed the one factor Bitcoin had only missed. You’re money should only be yours to do with however you like without anybody else being able to view you’re transactions and holdings. This is the final solution of how money will finally be valuable-since 1971 abolishing of the gold standard. 50 years of worthless money is now fully completed with this privacy token.

Greet the new coin on our exchanger - Monero

The list of cryptocurrencies in the Cryptocto continues to expand. We have added a new cryptocurrency that you can buy or sell - Monero (XMR). It is very popular and we are sure that many were looking forward to it.

Right now on our site you will find 18 cryptocurrency pairs with Monero, including Bitcoin, Ethereum, Tether USD, etc. Exchange fees are included in the exchange rate, so you don't have to calculate them separately.

It’s hard to believe that the crypto industry will truly go mainstream without embracing the financial industry as we know it

You can find Cryptocto on Exchagesumo!

For many years, Exchagesumo has been helping users find reliable resources and the most profitable currency pairs. On their platform, you can find ratings of the best online e-money and cryptocurrency exchanges.

Our Cryptocto exchanger is now also in the TOP of the best and most reliable representatives of this market, and regularly occupies a leading position in ratings for a variety of exchange pairs. Come and check for yourself!

Mastercard will simplify banks' operations with cryptocurrencies

International payment giant Mastercard is launching a new program to work with banks. It will accelerate and facilitate operations with cryptocurrencies.
Mastercard will act as an intermediary between Paxos (a well-known crypto-provider) and banks. The company will reportedly oversee security and regulatory compliance.

"There are a lot of customers who are interested in crypto. But to be more confident, they want such services to be offered by financial institutions," explains Mastercard's director of digital technology, Jorn Lambert.

He added that Mastercard's role is very simple. They will be intermediaries and will leave banks their main job: to control and check clients' transactions, prevent money laundering, etc. Mastercard plans to launch the new product in the first quarter of 2023 within one region. And if it will be successful, the service will appear all over the world. The company did not say which banks will participate in this project.

Interestingly, bitcoin was invented to break the monopoly of banks and intermediaries (including Mastercard). Blockchain technology makes it possible to transfer money without intermediaries and with minimal fees. Lambert also said:

"Cryptocurrency is on the cusp of the mainstream. But for now, it needs to merge with existing players. Without intermediaries from trusted companies, digital currencies will not achieve mass adoption"

Hopefully this will do something to address the fact that over the past several years, Nvidia has been acting like we need them more than they need us, though I personally doubt it. I would also like to think that it'd have a substantive effect on the pricing of videocards, especially the soon to be released ones, since the market has just contracted substantially...but the "free market" never seems to behave like we're told it should when that behavior would benefit consumers. How much you want to bet that the 4090 MSRP is larger than that of the 3090?

I had read a Dubai based mining firm were switching to Bitcoin mining using GPU because they'll still make some money. Another crypto site mentioned (probably in hopeful earnest) that mining will switch to the smaller coins, which will in turn inflate their value and hence mining interest.

Apparently the global Ethereum mining was equivalent to the Netherlands power consumption but that has been effectively reduced by more than 99%.

The UAE Ministry of Economy will open an office in the metaverse

UAE Minister of Economy Abdullah bin Tuk Al Marri said that the UAE Ministry of Economy will soon open office in the metaverse. It will provide a full range of services, including bilateral agreements with authorities and businesses.
The announcement was made at the first Dubai Metaverse Assembly. The conference was held in the UAE on 28 September.

This is how the minister commented on the new project: “This is not a concept. We're talking about a full-fledged third office."

In Dubai and Abu Dhabi, the department already has two representative offices. In terms of functionality, the new office is no different from their previous one. With the help of this institution, visitors will be able to get advice, sign legally binding papers and negotiate. As Al Marri said this is the "third address" of the agency.

In his opinion, this is not only a "curtsey" in favor of new technologies, but also a real step towards simplifying diplomatic relations. Now you do not need to travel to the UAE for the sake of small agreements.

Looking for best times for mining. Thanks to PoS algorithm Ethereum is almost dead. Hoping new generations of ASIC will give for Btc a new breath

SWIFT and Chainlink jointly develop cross-chain interconnection project

On September 28, SWIFT and Chainlink announced a partnership. To implement this project, partners will have to develop a platform concept that will allow all blockchains to be combined into a single network.

The agreement was signed as part of the SmartCon 2022 conference taking place in New York. According to SWIFT strategist Jonathan Sole, interest in such a concept is due to high demand from large investors. Mostly traditional financiers are represented here. According to Sole, the usual blockchain infrastructure is not suitable for them.
Based on the Chainlink Interoperability Protocol, a concept will be created. In order for SWIFT messages to be freely broadcast over various networks, it is necessary to organize data exchange between sites.

Chainlink said that this will help accelerate the integration of DLT technologies in traditional finance. It will also attract additional capital to the market. SWIFT has previously stated that it plans to experiment with tokenized assets in the future.

Bitcoin hashrate reaches new all-time high

On September 11, the hashrate of the Bitcoin network reached 281.79 Eh/s. This all-time high shows an increasing  interest from a wide audience. Because of this, the halving date has been pushed back to Q4 2023.

New highs confirm the statistics. The graph shows that since June the hashrate trend in the network has been growing rapidly, albeit with small “drawdowns”.

At the same time, this also aligns with the conclusions of the previous report that BTC miner revenues rose by 10% in August. The decline in the “farm” is coming to naught, with an increasing number of participants returning to processing blocks.

USA gave the green light to crypto banks: details of the new law

New rules for working with crypto banks were announced by the USA Federal Reserve. They will be able to obtain key accounts that allow them to make direct payments and get access to the federal reserves.

In fact, there is no term “cryptobank” in the guidelines. The regulator uses the phrase "institutions offering a new type of financial products". Now basically all accounts go to banks which are registered at the federal level. Crypto banks often experience long delays in processing master account applications. This is due to the uncertainty about how to grant traditional banking powers to such companies.

The new rules will be incorporated into the updated structure for reviewing applications for access. For crypto banks, this will allow them to quickly obtain the necessary powers and work without intermediary banks. As a rule, such companies require FDIC insurance (deposit insurance), otherwise the commission will more strictly check the candidate.

PayPal app fully integrated crypto payments

Paypal has added all the functionality of crypto payments to its application. Now you can buy cryptocurrency, pay with it in stores and transfer to other PayPal wallets. You can also convert it back to fiat via the mobile app. So far, the payment giant has only implemented 4 currencies – Bitcoin, Bitcoin Cash, Ethereum, Litecoin.

When you buy cryptocurrency, the minimum purchase amount will be only $1. For those who do not know all details yet, the brand has prepared training materials and videos. And they can be viewed right in the app. Also, for residents of some countries, the application offers an automatic completed tax form.

Hello, please carefully read the minimum amounts for exchange on our platform, in some exchange direction the minimum amount is less than 5 USDT.

Regarding cash transactions, this direction of exchange will be added to our platform in the near future

Hello, please carefully read the minimum amounts for exchange on our platform, in some exchange direction the minimum amount is less than 5 USDT.

Yeah, even usdt to binance usd has a limit of 20$
Also, as i noticed, there is no options with cash
https://imgur.com/a/6cZBXtz

Edit your post, exchange from 10$ - does not correspond to reality, at least in operations with cash

I was looking for etc to tether But ive already asked through tech support and and received all answers
btw the english support works well, but the russian works much faster

AUSD stablecoin crashes to $0.05 after Acala network hack

On Sunday, August 14, the first reports of a cyberattack appeared online. Acala Network reported on Twitter that their team found issues with the configuration of the Honzon protocol. As a result, a mistake was made and an unauthorized release of 1.2 billion AUSD was made. The value of the stablecoin collapsed by 95% immediately after the attack, dropping to $0.05. But soon the price stabilized. AUSD is holding the bar at $0.87 at the time of writing.

“We identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which was previously launched), resulting in the minting of a significant amount of AUSD by mistake,” Acala Network later said.

The stolen digital assets are still stored on the wallets of the attackers. Their movement is monitored by security, as well as the team of the affected platform. The Acala Network is based on Polkadot, an open source decentralized blockchain. The creators claim that the stablecoin provides an opportunity to make money that has been locked in staking more liquid.

Acala Network has corrected the configuration issue. At the same time, the stablecoin has not yet had time to recover  completely and has not reached the $1 mark. Obviously this will take some time.

What awaits Ethereum after the transition to PoS?

During the Ethereum community conference in France, Vitalik Buterin spoke about what awaits his "child" after the merger (The Merge). In his speech, he said that after the transition, Ethereum would only be 55% complete.
The merger marks the beginning of a new era when the main Proof of Work (PoW) Ethereum network will merge with the Beacon Chain network and continue to operate as PoS.

What awaits Ethereum after the merger? Many people want changes and they call the developers “Cryptocurrency Columbuses”. But according to Buterin, it is too early to rest on our laurels. Ethereum has to go through a number of important stages: The Surge, The Verge, The Purge and The Splurge.

On July 30, the crypto community celebrated the anniversary of the launch of the main Ethereum network. And now it's time to see what to expect from the blockchain after the merger.

Binance and MasterCard released a bank card in Argentina

Last week, on August 4, the Binance crypto exchange announced the release of a new prepaid card for the Argentine market. The Mastercard payment service acted as the company's partner in this project. With Binance Card, microtransactions in cryptocurrency will be more accessible.

The uniqueness of this project is in the fact that it allows you to instantly convert “crypto” into fiat at the point of sale. And this makes it possible to pay with a card almost anywhere. In addition, a cashback 8% of the amount of purchases. For the calculation, the user's wallet is used, which is linked to the Binance platform. Moreover, all operations are fully automated and there is no need to use the terminal.

Argentina became the first country in Latin America to decide to test the new cards. The population in the country is suffering from high inflation, and the exchange hopes that such a project will help people improve their well-being.
The program is currently in beta testing. In a week, partners plan to release more cards. It can be issued at any bank that cooperates with MasterCard.

“We believe that the Binance Card is a big step in encouraging the everyday use of cryptocurrencies and its global adoption. And now it is available to residents of Argentina” said Maximiliano Hinz.

In the first six months of 2022, users spent $2.7 billion on an NFT minting

The Nansen website published a report on income and expenditure in the field of NFT projects for the first six months of this year. According to the study, users spent $2.7 billion on minting tokens, and only about half of these funds “settle” in the industry.

One thing is clear – there is a lot of activity in the NFT sphere. According to the report, about a million unique wallets were used in the minting of new tokens. This suggests that the community is still interested in this topic. All expenses for the creation of new NFTs amounted to 963,227 ETH, which is about $2.7 billion. This is only for the first six months, from January 1 to June 30.

It is also noteworthy that the share of funds withdrawn from the market after the mint has decreased. If last year this figure was 52.3%, then this year it is 45.7%. At the moment, this is the capital that, after the release of the token, is transferred to third-party wallets. Approximately half of the funds "settled" in projects. This is very important for the further development of the industry. In this case, an increase in the indicator also indicates an increase in interest from users.

In total, about 29 thousand collections were created. Of these, 66% raised less than 5 ETH on sales. At the moment, there are about 140 collections, which brought the creators more than 1000 ether. In total, the top 5 best projects in this area account for 8.4% of the total mint. With such a difference in profitability, a high percentage of small collections can be noted, which are associated with an upward demand curve for these products. If the crisis "prolongs" the sphere, then the gap between leaders and outsiders will narrow. The NFT digital asset market remains very popular despite the protracted downturn in this area.

In Germany, the regulator is considering the use of blockchain to combat cybercrimes

On July 26, the Leopold and Franz Institute published the results of a blockchain study. According to the specialists of the institution, they tried to find out whether it is possible to use this technology to fight crime in a virtual environment.

Experts have suggested that this is quite possible. The template nature of information simplifies its analysis. At the same time, collecting data only from accountable entities will already significantly improve the situation, not to mention direct control over the blockchain. With this technology, regulators will be able to detect and prevent an attack using data from open sources. This will speed up the reaction of the authorities and ultimately lead to a drop in the level of cybercrime.

However, this approach also has its drawbacks. It is highly resource intensive. In order to use the blockchain to control the virtual space and control it with the help of cryptocurrency, the help of not only BaFin, but also other regulators, in particular the BSI and the Ministry of Finance, will be required. At the same time, the integration of blockchain into the supervisory process will require the training of new specialists. This takes time.

BaFin has recently taken control of digital asset flows. Before this, the powers of the regulator extended exclusively to the banking sector. On Wednesday, July 26, the agency published a set of recommendations for IT oversight practices. Obviously, this desire is aimed at keeping up with the times.

In fact, Germany is not the only country where people have begun to think about the use of blockchain at the state level. Currently, the Brazilian authorities have initiated a similar project.

Yes, you are absolutely right

Tesla got rid of 75% of bitcoins for a billion dollars

Elon Musk and Tesla are rocking the cryptocurrency market by dumping bitcoin. The company sold two-thirds of BTC digital assets, raising $936 million. This led to a fall in the prices of Bitcoin and Ethereum.

According to the published report, the coins were sold at the end of Q2. Tesla representatives noted the negative impact of the market on the cost of bitcoin. Therefore, the management decided to get rid of most of the BTC and sell 75% of 42 thousand coins.

The cryptocurrency market did not keep itself waiting and quickly reacted to the big news. Bitcoin had overcomed the bar of $24,000 than it immediately went down after the close of trading. By evening, the price for 1 BTC dropped to 23 thousand, but after a couple of hours, the quote rose to $23.4 thousand.

Ethereum did not like this maneuver either. After it became known about the sale of bitcoin assets to Tesla, its price fell by 3%. It is clear that this news may also affect other cryptocurrencies, but some experts believe that the market will gradually recover.

Dude, he meant what type of currency pair are u interested in

I mean verification of your identity
like KYC on binance

The SEC Commission will accelerate the regulation of exchanges

The head of the US SEC, Gary Gensler said that work with crypto exchanges will be intensified to speed up registration with the agency. About that official said yesterday during the interview. Gensler instructed agency staff to step up interaction with digital asset exchanges and start regulating them in the same way as regular stock markets. In the future employees will work on options for registering some coins as a security.

“There is no reason to take any other approach for the cryptocurrency market. And it doesn’t matter that they work on a different technology” - Gensler added.

The SEC is now considering tools to help eliminate potential conflicts of interest. The Commission is concerned about situations where exchanges simultaneously operate as market makers (which means the ability to conduct transactions against their clients)

Dogecoin released an update and reduced the minimum commission

Elon Musk's favorite meme-currency has released the Dogecoin Core 1.14.6 update. According to the creators, this will improve the security and efficiency of the blockchain.

And here are the details we find on Github:
1.The configuration of the wallet backup directory is changed
2.The number of entries in addnode is limited to 800
3.In case of overload, improves network memory management
4.For wallet-app users saving disk space

Dogecoin has significantly changed the fee mechanism: they now recommend a minimum fee of 0.01 DOGE (was 1 DOGE). Dogecoin fan Elon Musk has already retweeted the news. Musk said that the company did not sell a single DOGE token (they are also on the company's balance sheet).

Dogecoin won another small victory - it processed more than 80 thousand transactions in a day.
Dog coins are very popular with Binance whales - this is where most of the purchases were made.

Hi Opulence4!

Exchange in the Crypocto exchanger is automatic. What about verification, which direction of exchange are you interested in?

Hi
How do you commit the exchange?
Do i need any specific verifications etc?

UK Parliament will consider bill to Regulate Stablecoins

The UK Ministry of Finance has submitted a massive bill to Parliament called the "Financial Services and Markets Bill". This also applies to stablecoins, which the regulator wants to bring to the standards existing in the country.

As you know, the collapse of UST led to increased interest of the authorities in certain digital assets. British politicians have stated the need to create a strict regulatory framework for the circulation of stablecoins.

Later, similar initiatives were adopted in the Europe. And now the officials of the apparatus of Her Imperial Highness have moved from words to deeds. On July 20, the Ministry of Finance sent a bill to parliament for consideration, which directly concerns the digital asset market.

In this bill, stablecoins appear as a payment. This means that they must comply with UK financial services standards. Finance Minister Nadhim Zahavi announced on Tuesday, July 19, that the bill would allow the country to “safely” implement digital assets. Related to this is the fact that now it is the Treasury that will supervise this area.

The bill amends some insurance laws and provides for compensation for victims of financial fraud. At the same time, experts note that the project as a whole is close to the MiCA program adopted in the Europea.

And after this proposal is adopted, it must pass two readings in Parliament. The final decision on the document will be made by the House of Lords.

India's central bank stands for a total blockade of the cryptocurrencies

Indian Finance Minister Nirmala Sitharaman confirmed that the Central Bank intends to completely ban cryptocurrencies. The head of the department called on international partners to help form the regulatory framework in this area. Earlier, the deputy head of the regulator publicly stated that a complete ban on cryptocurrencies for India is “the best way out.” In addition, he compared digital assets to a "Ponzi scheme", noting the speculative and illegal nature of trading.

The head of the Ministry of Finance commented on the situation:
“The Reserve Bank of India has expressed concern about the destabilizing impact of cryptocurrencies on the financial and fiscal stability of the country. In this regard, the regulator made recommendations to the government to develop a regulatory framework in this sector. The Central Bank stands for a total blockade”

This is only possible if India cooperates with its international partners. In this regard, the need for such cooperation is explained by the global nature of the cryptocurrency. The head of the department for youth affairs also opposes digital assets. She said that they cannot be called a full-fledged currency:
“The value of a fiat is determined by its status and the fiscal policy of the state. At the same time, the value of cryptocurrencies is driven solely by speculative trading and the expectation of high profits”

At the meeting of parliament, members of the government asked whether the Central Bank had published circulars on limiting the turnover of digital assets. In 2018, the regulator published a ruling prohibiting any reporting entities from operating in this sector. At the same time, a scenario in which India completely bans cryptocurrencies seems very likely.

Digital euro law could be adopted in 2023

Central banks around the world are developing virtual money to keep up with the growing popularity of cryptocurrencies, which has inspired big tech to find ways to enter this market. One of the biggest pushes was caused when Meta-owned Facebook announced a few years ago that it was going to launch a virtual currency along with 25 other companies. But while political and regulatory pushback has killed the project, stronger pressure forced politicians to act.

The EU's executive branch plans to hold public consultations next month. The consultations will avoid repeating the ECB's call for a 2020 comment that highlighted the importance of payment privacy among respondents. In this case, the issue of commission will be devoted to the use of the digital euro, for example, to make everyday payments. They will receive an impact assessment to determine precautions to prevent destabilization of the financial system.

According to politicians in the Commission and across Europe, the final decision on whether a digital euro is needed will be made by the Governing Council of the ECB. Last year, Germany and France asked the European Commission to speed up the process amid fears that the eurozone could be left behind.

Coinbase had sold customer tracking technology to USA

USA Immigration and Customs Enforcement (ICE) has acquired a crypto-monitoring program from the Coinbase exchange. This is written in the contract, which is published by American journalists. The government paid $1.36 million for the software.

What's the problem?

The problem is that the ICE deal includes the sale of GPS data. Theoretically, the authorities can do whatever they want with it. The name of this software is Coinbase Tracer. It has the ability to track all transactions on the blockchain and link crypto addresses to real people.

The government will be able to track hundreds of coins with Coinbase Tracer and better analyze cash flows. The exchange also commits to sell “historical geotagging data.” What kind of data is it, what does it consist of and where does it come from is not specified in the document.

Another alarming point: ICE has no software developer restrictions (Coinbase) and therefore can use it for any purpose. They explained that the authorities can indeed use Coinbase Tracer. In this case, we are talking about serious crimes (for example, large-scale money laundering and financing of terrorism).

The exchange claims that customer data is not for sale. In this case, you will only need to believe in their word, since no one can check their actions.

How to exchange cryptocurrency through Cryptocto?

Cryptocurrency exchange Crypocto offers customers reliable and secure transactions for buying, cashing out and exchanging cryptocurrencies. Exchange on our site is as simple as possible. You need to go through the following steps:

1. Select payment systems. Specify the payment method and which cryptocurrency you want to buy.
2. Specify the amount. You can enter the amount you want to give or the amount you want to buy. The calculator will automatically do all the calculations.
3. Specify details. You can buy cryptocurrency from a bank card, as well as from a wallet. Specify the number of the bank card or account in the virtual payment system from which the funds will be debited. After that, specify the address of the electronic wallet to which the cryptocurrency will be credited.
4. Confirm the operation. After that, it will go to processing, and the exchange will be made.

As a rule, the processing time of financial transactions takes up to 30 minutes, depending on the speed of the blockchain. The system sends an exchange request immediately after the confirmation of the application. Using Cryptocto, you will carry out the operation as quickly as possible.

Im not owner of TS account and I have only one account on this forum (you can check that my account registered long time ago)

This is plausible.

Just don't use bumping services again. It brings negative impact to your service. I also noticed the OP of the profile got a permanent ban which mean if you are the same owner, you are evading ban which is against the forum rules

Screenshots of our messaging with listing department

https://prnt.sc/fcTWMGfYRq54

https://prnt.sc/KiBKWTUKhKKu

The pattern clearly shows you are, or one person is in control of the accounts, and they are bumping the thread with fake feedback which is totally discouraged in the forum. No one can trust your exchanger here, especially after such amateurish feedback.

It would also be much better if you showed in a written screenshot where Best Change asked you to change your domain name. You can of course remove sensitive information.

Hello, Im manager of Crypocto

Our platform has existed much longer than the crypocto.com domain. Previously, our exchanger was located on the trustchange.com domain, but we decided to rebrand and changed the domain name to another one. We rebranded at the request of bestchange, because they refused us to list us because of the similar name to the exchanger, which at that time they already had listed (https://www.bestchange.ru/trust-changer-exchanger.html)

The old domain has the following data:
Registrar: NameCheap, Inc.
Registered On: 2002-10-10
Expires On: 2027-10-10
Updated On: 2021-12-08

At the moment, our old domain is being redirected to the current one due to rebranding - https://prnt.sc/bv9NtIBgAIg0
Also, the existence of our exchanger earlier can be confirmed by the SERP, where there are still some pages of the old site with the new brand name - https://prnt.sc/_q-Z3WhhIfo3
The data above explains the presence of testimonials on our site that were published prior to the registration of the crypocto.com domain

We do not do any fraudulent reviews or similar things. We encourage people to leave feedback after making exchanges on our service, providing improved conditions.

The same thing applies to most of the reviews in their so-called cryptocurrency exchange... @Crypocto: Care to explain how on earth your platform has "reviews dating back to Q4 of 2021"? And while you're at it, perhaps you can also show us some proof for your "current reserve ^{[it'd be nice to see a signed message, especially for the BTCitcoin part]}"!

You think anyone here is going to believe all the nonsense you just posted, trying to pump and shill your exchanger?

Try harder, otherwise this goes to show that your exchange is suspicious and is not to be trusted

It's barely a month old, and you just created fake accounts to give fake feedback

Well
Just finished all the stuf
can write a short review
At first all the rates are suitable, they ask for your confirmation before the deal
then, it took about 45 minutes to finish all the negotiations and complete transactions
im not sure about the time delay, they apologized for that
all in all im satisfied, recommend for use

I've been thinking for a long time about how to choose a cryptocurrency exchanger that would allow me to exchange BTC to USD. I needed to find a cryptocurrency exchanger that performs transactions instantly. I found Crypocto cryptocurrency exchanger online and decided to try the transaction. The exchange was really fast and I was happy about it. You can exchange different cryptocurrencies here and you don't even have to be registered. I liked the exchanger

It is good that more and more cryptocurrency exchangers are opening up, as many popular options are not at all comfortable with a number of drawbacks, mostly related to unstable servers. I already used you service a couple of times to exchange USDT/ETH currency pair, the operation was fast and without problems.

Good afternoon, forum participants!

We would like to introduce you to Crypocto rapid cryptocurrency exchange service. Here you
will find a wide range of fiat and crypto destinations: BTC, USDT, ETH, LTC, UAH, RUB,
XRP, SHIBA, DOGE, XMR. We are waiting for each of you!
We made the service: simple, convenient and easy to conduct transactions. We fix the rate at the
moment of transaction (except for the delay of the deposit by the client for more than 30
minutes).

We are sure you will appreciate the advantages. And if you have any questions - we are always
in touch!

Our schedule:
Mon. - Fri. from 10:00 to 22:00
Saturday - Sunday free schedule.
We are open for new suggestions!
We are constantly developing and adding new destinations. We have a bonus and referral
program. Become an affiliate and get rewarded for your invited users!

Why is Crypocto the best?
Rapid because you don't need to register to exchange.
Convenient because the exchange from 10 usd, for 5-30 minutes.
Profitable because always updated rate.
Safe and secure because SSL-protocol is used to communicate with the site.
Customer support because through different communication channels: chat-bot on the site,
Telegram or e-mail. You can choose any convenient way!

Contacts:
E-Mail: [email protected]
Telegram:
https://t.me/crypocto