Topic: Forget about exchanger search! Use BestChange! - page 30. (Read 12093 times)

Tone Vays: bitcoin will kill altcoins

Bitcoin’s hash rate growth will eliminate most of altcoins, trader Tone Vays says.

He noted that since December 2017, bitcoin’s hash rate has grown by 800%, which was not the case with altcoins. The trader has also added bitcoin’s dominance index went from 50% to 70% in 2019, and next year it will be 85%.

“I think we have another 10-15% in Bitcoin to gain on the sh*tcoins as it continues towards 90% and 95% and then 98%”, - Vays said.

South Korea legalizes cryptocurrencies, and the US may issue a digital currency after China

 Opinion: the US will issue digital currency after China

The US authorities are closely monitoring the development of Chinese digital yuan and, if necessary, will launch their own digital currency, according to ING economist Carlo Cocuzzo.

During a presentation at Blockchain Week in London, Cocuzzo said that 90% of forex turnover is in dollars, and the United States will not want to lose leadership. If the Federal Reserve considers that it is necessary to issue digital USD as opposed to the Chinese currency, it will immediately do so.

In August last year, representatives of the People's Bank of China announced that the digital yuan will be launched soon, with the prototype and blockchain architecture of the token having been already been fully developed.

South Korea legalized cryptocurrencies

The South Korean authorities have adopted amendments to the legislation of the country, which legalize trading and storing of cryptocurrency.

For their launch they only need to be signed by the president. The government will be given a year to implement the changes, and representatives of the blockchain industry will be given 6 months to bring their activities in line with the new requirements.

Cryptocurrency exchanges, ICO projects and other blockchain companies will fall under regulation. They will be required to comply with financial reporting requirements, use real bank accounts, follow KYC procedures and certify information security management systems (ISMS).

 Coinbase CEO: the number of cryptocurrency users will grow 100-fold

Today, the number of cryptocurrency users is 50 million people, but this number can grow to 5 billion, says Brian Armstrong, Coinbase exchange CEO.

The adoption of the blockchain will be similar to the spread of the Internet, Armstrong wrote in his Twitter account. In his opinion, a cryptocurrency that wants to become a world leader must meet four requirements: scalability, privacy, decentralized identity, and developer tools.

The primary goal is scalability, the businessman believes — the network must process thousands of transactions per second.

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Hackers steal 2 million NULS token, Ethereum hard fork scheduled for January,1 and Craig Wright “proved” he is Satoshi Nakamoto

Hackers steal 2 million NULS tokens

Threat actors hacked and official account of the NULS projects and transferred 2 million of tokens. 550 thousand of them have already entered the market, the NULS team says.

At the same time the exchange rate of the coin has stayed almost the same – the currency lost in price just 0.58%. The developers are going to make a hard fork of altcoin to prevent hackers from spending the rest 1,45 million of tokens. The hacking took place because of the NULS 2.2 version security vulnerability.

Ethereum hard fork to take place on January, 1

Ethereum’s hard fork is scheduled for block 9,200,000 which is expected to be mined by January 1, 2020. The update is designed to delay the Difficulty Bomb by 4 million blocks (equivalent to 611 days).

The developers asked nod owners to update their software before December 30, 2019.

Craig Wright “proved” that he is Satoshi Nakamoto

The Australian scientist Craig Wright demonstrated “proof” that he is the bitcoin’s creator Satoshi Nakamoto.

During an interview with Modern Consensus, Wright showed an article to explain the choice the Satoshi Nakamoto pseudonym. The article is about a philosopher Tominaga Nakamoto who lived in 18 century. The printed out document, made according to Wright in 2008, also contained the following handwritten notes:

“Nakamoto is the Japanese Adam Smith. Honest Ledger + Micro Cash. Satoshi is Intelligent History. Not too hard.”

He explained that Tominaga Nakamoto wrote about “honest money and the rational nature of things”. Wright compared his with Adam Smith – one of the founders of the theory of economics.
Craig Right publicly claimed that he was the creator of bitcoin in 2019 about hasn’t yet provided sufficient evidence to prove it.

Yes, we are more so of a directory of lots of trusted exchangers, and on our website you can see where you can swap between various e-currency pairs, you can compare the rates, leave a feedback etc.

We do have a BTC faucet and no, we do not use lightning network for it.

Ethereum’s price is threatened, and the number of bitcoin hodlers is growing

Ethereum is threatened: Plus Token pyramid’s assets started moving

The organizers of a cryptocurrency pyramid Plus Token moved 789 525 ETH (about $105 million) to an unknown address. Twitter account Whale Alert paid attention to the transfer.

Matteo Leibowitz, the Block’s analyst, thinks that scammers can buy Ethereum futures for sale, crash down the spot price and close future contracts with a profit.

In the summer the Chinese police managed to detain the suspects in the Plus Token ponzi scheme case, but access to wallets could not be obtained.

The price of unspent UTXOs in loss hits a record high

The number of unspent transaction outputs (UTXOs) in loss rose to all-time highs above $45 million, according to a research by Glassnode.

This indicates the rise of the number of “hodlers” - people who hold bitcoin despite its price decrease.

Federal Reserve: over 50% of bitcoin transactions are illegal

Lael Brainard, member of the United States Federal Reserve Board of Governors, said that 25% of all bitcoin users participate in illegal operations.
“One study estimated that more than a quarter of bitcoin users and roughly half of bitcoin transactions, for example, are associated with illegal activity”, — the representative of FR said at an ECB event.

She also said that only a third of exchanges meet the requirements for AML (anti money laundering), CFT (combating the financing of terrorism) and KYC (know your customer) procedure.

Ok now I understand. Your site is really not an exchange itself but you are like a third party service that will suggest to a crypto user where to exchange his crypto/fiat to whatever they need.  Really thought that you are a stand alone exchange at first. Thanks for clarification.
And I saw that you have btc faucet as well, and the payment is upon reaching 3k sats. Not bad. Are you using lightning network for the payment as you require small amount of sats before transfer?

Bank of America named bitcoin the best asset of the decade, billionaires invest into BTC, and ethereum’s volatility is at its lowest

Bank of America: bitcoin is the best investment of the decade

Bank of America Merrill Lynch named bitcoin the best asset for investment of the decade. 1 dollar invested in 2010 would now be $90,026.

For comparison, 1 dollar invested in American stocks during the same period would have the price of $3.46. Myanmar's national currency was named the worst asset, since 2010 $1 invested in it now has a value of just $0.004.

Yet another billionaire bought bitcoins

The number of billionaires investing in cryptocurrencies is steadily growing.

Financial expert Bill Pulte announced his purchase of 11 BTC (around $78,000). He is the CEO of investment company Pulte Capital Partners and is worth about $11 billion. Pulte thinks the main advantage of bitcoin is an opportunity to make a transaction to any part of the world without a middleman. According to the billionaire, bitcoin canmake the life of the poor easier and make the world a better place.

Ethereum’s volatility drops to the level of 2016

Ethereum has been trading in the narrow range of $140-150 for a long time now. According to CoinMetrics.io, ETH’s volatility index dropped to 2016’s lowest.

On December, 8 Ethereum has undergone Istanbul hard fork, which did not lead to the cryptocurrency’s price growth, despite expectations

42% of BTC has not moved since 2017, and trading volume on LocalBitcoins hits a 7-year low

 42% of BTC has not moved anywhere since 2017

CoinMetrics analyst Nate Maddrey noted that 42% of bitcoins stay the wallets of their owners since June 2017.

In addition, since January last year, investors have been actively building crypto portfolios. A similar situation was observed in mid-2017, by the end of which Bitcoin made the famous rally and set a price record at $20,000. According to representatives of the crypto community, at this moment the price of BTC is being prepared for a new leap.

However, it should be noted that about 4 million coins are permanently lost and physically unable to move.

 Trading volumes at LocalBitcoins hit a 7-year low

Trading on the popular p2p cryptocurrency exchange platform LocalBitcoins has dropped to the levels of 2013, according to Coin Dance.

Last week, the weekly trading volume was 3,411 BTC, which is almost 10,000 BTC lower than in the same period last year. Such low volumes took place only when the exchange was launched. In 2019, LocalBitcoins introduced new user verification rules in order to comply with the KYC/AML requirements of the Finnish law where the exchange is located. In January, at the request of the EU, the platform also restricted access to several African countries.

Fraudsters are selling Gram. Telegram warns users

Pavel Durov’s team said that selling of Gram tokens has not started yet, and asked users to not fall for scammers’ tricks.

“Some websites offer Gram for sale and pretend to be connected with Telegram. Please be advised that these sites are not official and have no relation to Telegram. Gram has not yet been given to anyone and Telegram is not selling Gram”, - states the official Telegram-channel of the company.

Cryptocurrency worth of $4.4 billion stolen in 2019

According to the research company CiperTrace, the amount of theft and scamming in the sphere of cryptocurrency reached $4,4 billion since the beginning of the year.

The report says that in Q3 of 2019 criminal have stolen the minimal amount during the past years. However, in comparison with the last year, the losses increased by $2,7 billion.

The company’s experts also named the largest crypto crimes of the year: the cryptocurrency pyramin PlusToken ($2,9 billion) and shutting down of the exchange QuadrigaCX ($195 million).

Andreas Antonopoulos: governments place a damper on bitcoin price

Andreas Antonopoulos, famous bitcoin enthusiast, said that governments act to lower bitcoin’s price, but this is not a conspiracy, it’s just their “job”.

“We know for a fact that when the bitcoin bubble started to go up really fast in 2017, the U.S. Treasury decided to fast-track the deployments of futures markets in order to stop that bubble. A lot of people see that as conspiracy, but if you look at the mandate of institutions like the Treasury, that’s actually their job”, Antonopoulos said in his interview with crypto blogger Ivan on Tech.

According to the analyst, this allowed investors to open positions for on lowering the price of bitcoin which balanced the market, as well as reduced its volatility.

Thanks for checking out our platform, BestChange.com!

Here's a quick guide how to use our website to exchange crypto/fiat/e-currencies:

• On the panel on the left, select the currency that you have and the currency you want to buy/exchange to
• The center of the page will show a list of reliable and trusted exchangers that work with this exchange direction. By default, the exchangers with the best rates are at the top of the list.
• You can use the Calculator feature to check exact amounts you will get after the conversion
• Choose an exchanger that suits you, click on it to go to its website and follow the instructions to make an exchange


The interface of BestChange has informative icons, showing whether the exchanger has Manual exchange, whether the rate is fixed or the verification required, etc. You can also read reviews by real clients to make an informed choice.

Give it a try, looking forward to your feedback. And of course, should you have any questions, feel free to ask!

Bitcoin crashes below $7,000

Last Friday the world’s first cryptocurrency lost over 10% om price and crashed below $7,000 on a number of exchanges. Such low price of bitcoins is registered for the first time since May this year.

Against this background, the “fear index” has dipped down to extreme values at the level of 20. According to the site Alternative.me it can mean a possible growth of the cryptocurrency.

Binance CEO refutes rumors about the raid in Shanghai office of the exchange

On November, 21 media announced that the largest office of Binance in Shanghai shut down after a police raid. Many analytics connect this news to the cryptocurrencies losing prices, including bitcoin’s dropping below $7,000.

Changpeng Zhao, CEO of Binance, refuted this information, calling this information a FUD block.

“No police, no raid, no office. Hope you didn’t pay to read that FUD block.” — he wrote in his Twitter-account.

The USA can make Facebook’s cryptocurrency a security

The House of Representative of the USA introduced a new bill about acknowledging managed stablecoins such as Libra as securities.

"Managed stablecoins, such as the proposed Libra, are clearly securities under existing law. This legislation simply clarifies the statute to remove any ambiguity. Bringing clarity to the regulatory structure of these digital assets protects consumers and ensures proper government oversight going forward", — stated Sylvia Garcia, one of the bill's authors.

I checked this exchange as I am seeing the campaign in the forum. However, you will not see a regular interface of a crypto exchange. And I become confused on how this really works. Can you give a brief tutorial on your opening thread Dev? For those who want a quick info on how to use your exchange.

USA can launch their own cryptocurrency

The Federal Reserve is looking into developing a digital currency in the US. It was announced by its Chairman Jerome Powell in a letter to lawmakers this week in his reply to the letter from Congressmen French Hill and Bill Foster. They are concerned that the Chinese cryptocurrency on which the Chinese government is already working can jeopardize the USA’s position in the world’s economy.

Powell specified that so far the Federal Reserve “not identified potential material benefits of a general purpose central bank digital currency to the implementation of monetary policy" and is only studying the rationale for creating it.

Tether and Litecoin have the largest portion of whales

IntoTheBlock said what percentage of the most popular cryptocurrencies is owned by the largest owners. Tether and Litecoin turned out to be the most centralized: 63% of USDT is owned by 132 addresses, and 47% of LTC is owned by 131 address.

The data for the other large crypto currencies looks like this: ETH — 151 addresses own 39%,
Bitcoin Cash — 112 addresses own 29%, Bitcoin SV — 103 addresses own 24%, and 39% of Cardano is owned by only 41 addresses.

PayPal CEO said he has bitcoins

Dan Schulman, the CEO of payment processor PayPal, revealed that he owns only one cryptocurrency, bitcoin. He also said that BTC is an “interesting idea”, and blockchain is a “promising technology”.

“As for cryptocurrency, it is still very volatile, and that they do not have much demand for it by merchants because merchants operate on very small margins. What they need to do is to turn it to fiat immediately. There is a charge for turning it into fiat, that is why any advantages in price will be eaten up by this conversion fee”, Schulman said.

China suggests banning cryptocurrencies, and Craig Wright seriously plans to seize all BTC

 China proposes to ban cryptocurrencies and ICOs

Chinese authorities must tighten control over the crypto sphere after the launch of the digital yuan, Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, said.

According to him, the cryptocurrency circulation and ICO should be banned.

“I always believe that speculation in cryptocurrency and ICO is not the direction of financial development and must be resolutely banned. They must be completely banned,” — the ex-official said.

He added that banks need to be prohibited from the opportunity to conduct any transactions with cryptocurrency.

 Craig Wright plans to seize bitcoins through miners

Craig Wright, an Australian scientist and self-proclaimed creator of Bitcoin, is serious about seizing all existing coins through the courts.

Podcaster Peter McCormack published screenshots of Slack messages where Wright writes that the first BTC seizures will begin as early as 2020. Private keys won’t be required for this, since the court will order the nodes to return the bitcoins to their rightful owner, that is, Craig Wright.

“Without keys, BTC will be confiscated. Code is law, and courts can mandate patching code. Bitcoin is not encrypted. It is economic,” — the scientist writes.

He also requested data from companies including MtGox, that lost coins. Wright promised them to "return the money starting this year."

 13,000 ATM’s in South Korea to support Litecoin withdrawal

Litecoin Foundation has partnered up with MeconCash, to enable Litecoin withdrawals to Korean Wonat over 13,000 ATM’s across South Korea.

Cryptocurrency will be integrated into the M.Pay platform, which allows to make transfers around the country, buy goods, pay for mobile applications and other services.

Litecoin Foundation Director Alan Austin noted that the partnership will contribute to the spread of cryptocurrency in South Korea:

“The ability to access cash through Litecoin at over 13,000 ATM’s opens the door to new opportunities within the Korean market and globally. With billions in remittances sent each year to South Korea, Litecoin (through its speed, security, and low transaction fees) offers significant advantages over traditional methods of sending money overseas,” — he said.

Trading volume on BitMEX hit 2019 low

The daily trading volume on the largest crypto derivatives exchange BitMEX has dropped down to 86,850 BTC — lowest since the November 2018. This was brought to attention by CL, Twitter analyst.

“This market is officially lifeless,” — he wrote in his account.

BitMEX is the platform with the highest liquidity in the world for cryptocurrency derivatives trading.

Venezuelan government to gift the retirees with cryptocurrency for Christmas

Nicolás Maduro, the President of Venezuela, said that all the country’s retirees and officials will get 0.5 El Petro (around $30) as a Christmas gift.

El Petro is a national cryptocurrency of Venezuela. As the government of the country says it is fully backed by oil. The government is trying to use El Petro in the country’s economy and for trading with other countries, however, with not much success so far.

It's all very interesting how @jnseo hasn't bother coming back to check that his accusation has been acted on and in fact challenged to provide more details.
From what I can tell from his actions, his claim isn't real, perhaps defaming the bestchange platform for some other underlying reasons or just simply because he probably didn't think that someone would take him seriously - but hey, these guys did and want to investigate further so why not give them the chance?

Morgan Creek CEO: sell Amazon shares, buy bitcoin

Morgan Creek Capital CEO Mark Yusko said that bitcoin is the next groundbreaking technology, and that it is currently the greatest wealth-creation opportunity there is. At the same time, he called Amazon shares “dead money for a decade”.

Morgan Creek Capital is known for investing $5 million in Google in 1996. At the time, Google was the sixteenth-most used search engine and not known by many. Later on, this investment turned into $200 million.

BRICS can create its own cryptocurrency

BRICS countries (Brazil, Russia, India, China and South Africa) are considering a possibility to launch a payment system based on cryptocurrency. It would be used for mutual payments between countries – association members.

The idea was introduced by Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF) at the BRICS forum in Brazil. According to him, the members of the association's business council supported this suggestion.

Bitcoin keeps falling. When will this stop?

Bitcoin will test again the resistance of $8,600 level, and in case of breaking it, it will carry on falling, according to Aayush Jindal, NewsBTC analyst. The closest targets are marks of $8,500 и $8,300. Jindal thinks that for a full turn, the price needs to settle over $8,880.

BCH, BCV and Tron dip by 20% in two days, and Morgan Creek founder urges not to trust Buffett

 Founder of Morgan Creek: “I would not trust Buffett”

One shouldn’t listen to Warren Buffet’s advice regarding cryptocurrency, Anthony Pompiliano, Founder of Morgan Creek, thinks. According to him, Buffet is a great investor but knows nothing about technology.

“People will listen to Warren Buffett’s opinion because he is one of the best investors of all time. When it comes to technology, though, I think there are better people to listen to. I don’t take technology advice from someone who uses a flip phone or doesn't use email, ” Pompliano said.

He also added that Bitcoin will become the
will be the global reserve currency in the future, and national digital currencies will not be able to compete with it, since they are controlled by states and are subject to inflation.

 Bitcoin Cash, Tron, and Bitcoin SV collapse by 20% in two days

Cryptocurrency market is in the red: at the moment, all TOP-20 assets, excluding the USDT stable coin, are showing a decline.

Over the past two days, the currencies that lost the most in price are BCH (−22%), BCV (−23%) and Tron (−21%) The average market price of Bitcoin fell from $9,950 to $9,158, Ethereum fell from $275 to $236, the price of XRP fell from $0.2831 to $0.2396.

The total market capitalization dropped by $31 billion: from $290.074 to $259.161. According to analysts, the reason lies in the fact that the price of bitcoin failed to gain a foothold above the strong level of $10,000.

Ethereum developer confirmed the date of hardfork

The next upgrade of Ethereum blockchain called Istanbul, which the users have been waiting for over six months, will be implemented before the end of the year. This has been announced by their developer Peter Szilágyi in Twitter.

The hardfork is scheduled to take place at block 9069000 which should be generated around December, 4, 2019.Fot this new client Geth has already been launched, which already has hard fork.

The peculiarity of the upgrade will be implementing of ProgPoW, programming algorithm aimed at eliminating the advantage of ASIC-miners over GPU-miners.

But the users look more forward to the next upgrade Berlin which is scheduled for the first half of 2020.

North Korea accused of money laundering with the help of cryptocurrencies

The UN Security Council Sanctions Committee on North Korea led an investigation which discovered the connection between the country and the Hong Kong blockchain company Marine China.

According to the representatives of UK Security Council, the country’s leadership has been using various strategies with cryptocurrency to evade from international sanctions. It is reported that North Korea made at least 5,000 transactions using stolen cryptocurrenies. It was made to make establishing the source of the money more complicated.

It is believed that the North Korean hackers were using phishing attacks and computer viruses to steal digital currencies and then laundered and cashed it in Singaporean banks. The Committee has not named the total amount of stolen funds.