There are many questions about how we check exchangers when adding them to the monitor.
You can find the requirements here:
https://www.bestchange.com/wiki/rules.html 1. The exchanger's website needs to have been actively working for at least 6 months from the moment of its launching and beginning to work with the clients. It is a very important requirement because we add well-known and experienced exchangers only. Also, it is crucial for the exchanger to have operated before being listed and to have its own customers, reviews and reputation on the Internet;
2. The total available reserve amount must be at least $5000;
3. The exchanger must have an export rates file that meets our standards. The data in the file must be updated instantly after there is a change of an exchange rate, reserve amount or other exchange conditions that are to be rendered in the export file. We do not accept a once-a-minute "crontab" schedule;
Please be informed that the export file must contain actual rates, reserves and all additional data about commissions and tags. The exchanger will be banned in case of invalid data about rates no matter whether it is submitted accidentally or not.
4. The homepage must contain an exchange request form with a calculator available without registration. Every exchange order must have a unique number to track its status;
5. The exchanger must have a partnership program;
6. The name of the exchanger must be unique and unlike any those of listed exchangers;
7. The website must provide a secure HTTPS connection;
8. In some cases, verification of the exchanger owner's identity may be required;
9. The website must have contact information with at least an e-mail address and an online messenger (Skype, Telegram or your own chat) to provide a prompt response for your visitors. It would be great to have a phone number as well. The customer service must respond within 1 hour max during the operating hours. It is crucial to have contacts and the operating schedule highlighted on the website;
10. The website must have a unique and original design and contain comprehensive descriptions of how to conduct exchanges as well as information about commissions. The website must be permanently up and running;
11. The site must have terms of service of processing exchanges which contain all the necessary conditions of cooperation with clients;
12. It is necessary to have a full-fledged version of the site in the English language, as well as English-speaking customer support. The site must be configured in such a way that the user would at once land on the English version of the site via the link where language identifier is specified, and the rest parts of the service (for instance, emails that are sent out) must also be in the English language.
13. Monitor's or logo must be placed on the website's main page in a visible place. If you have several buttons on your website, picture with BestChange logo must be placed first.
We have a further system of checking exchangers, we use dozens of parameters we take into considaration. But most importantly, we only add the exchagners that have worked for at least half a year and have earned good reputation on the internet.
We minimize the risks of users wishing to exchanger their money, by providing them various information about exchangers and helping them to select one.
Interest in the bitcoin halving has reached its maximum since 2016, and has dropped for IEO
Interest in bitcoin halving has reached its maximum since 2016People’s interest in halving is growing - according to Google Trends, the number of “bitcoin halving” searches has grown to its highest level since 2016.
The last halving of the bitcoin block mining reward took place in July 2016, it was then when Google Trends recorded the largest number of related searches. Over the past two months, this figure has increased from 11% to 40%. The upcoming halving will take place in May 2020 - traders have high hopes for it, since previously bitcoin’s price surged some time after the event.
Larry Cermak: IEOs are deadInitial exchange offerings (IEOs) return is near to zero, The Block analyst Larry Chermak points out. He analyzed the most popular platform and came to the conclusion that the IEO era has passed.
“IEOs are dead. There appears to be a clear relationship between the return and the number of days since the IEO. The average return of IEOs approaches 0% in 200 days. In other words, nearly no one wants to hold IEOs long term,” — he wrote in his twitter-account.
In Q III of 2019, 64% of projects showed positive returns; in Q IV their number dropped to 43%. Now only 23% of companies are in positive territory.
Due to coronavirus, ASIC deliveries from China are delayed, and litecoin surges 17% in 24 hours
Deliveries of ASIC from China are delayed due to coronavirusChinese manufacturers of ASIC miners have postponed delivery of equipment due to the coronavirus outbreak. All offices and plants in the country were quarantined at least until February 10, according to Zodd Zverev, the CTO of the mining pool 1Thash & 58COIN.
“Internal logistics is almost completely paralyzed in the country, deliveries of food and strategic goods to fight the virus are in priority. Since it is forbidden to go to work and the police strictly controls this, the delivery and installation of new ASICs is practically impossible, ” he said.
In addition, the top management of mining companies, including Bitmain and Canaan Creative, left the country. They should return no earlier than the end of February — the beginning of March. Zverev believes that the slowdown in the introduction of new equipment will help miners stay in the profitable zone on the eve of halving.
Litecoin surged 17% in 24 hours and approached $70The world’s seventh cryptocurrency by market capitalization went up by more than $10 in price and came close to $70.
LTC rises in price amid the general growth of the cryptocurrency market, but at a faster pace than bitcoin: in January, the BTC price grew by 30%, whereas litecoin strengthened by 65%.
It is worth noting that the first half of last year was very successful for LTC. Over the period from January to June, the coin added 350% in price - this was due to the halving of the block mining reward which took place in August.
Cryptocurrency hedge funds were the most profitable asset in 2019, and how to earn BTC in Minecraft
Cryptocurrency hedge funds were the most profitable asset in 2019Hedge funds through bitcoin as their primary asset were the most profitable for the year 2019, according to a study conducted by Eurekahedge.
The profitability of hedge funds with cryptocurrency was around 16% on average, whereas traditional hedge funds only received a profit of 10,4%.
Steve Kurtz, CEO of the Galaxy Digital cryptocurrency fund said that the investors interested in Bitcoin are “getting bigger” as the profitability of bitcoin in a duration of 1-, 3- and 10 years is looking impressive.
The revenue of ethereum miners fell by 75%In 2019, Ethereum miners have generated $936 million in coins, down 75% in 2018, The Block reports.
ETH hash rate reached peak levels in August 2018 at around 292 TH/s, after which the capacity decreased by 43% and now it stands at about 165 TH/s. Mining was most profitable in January 2018, when ethereum was trading near a historic high of $ 1,400.
For comparison, the total income of bitcoin miners in 2019 was over 5 times higher than that of ethereum miners.
You can earn bitcoins in MinecraftIn Minecraft, the popular multiplayer game, the SatoshiQuest server has been launched, which allows players to receive prizes in bitcoins.
Each player pays $1 in BTC that goes to the treasure fund. A player who finds the loot on the vast landscape receives 85% of the fund, with 15% going back into the next round’s loot pot.
The first round of SatoshiQuest took place on January 26 and it starts over every time someone finds the treasure.
The price of ASIC miners to rise because of coronavirus, and ethereum surpasses the $200 mark
The number of transactions in the BTC blockchain has reached 500 millionThe number of confirmed transactions in the bitcoin network has exceeded 500 million. This was announced by Jameson Lopp, the developer of Bitcoin Core, in his Twitter account.
“Today, as of block 616064, Bitcoin surpassed 500 million transactions confirmed on the blockchain,” Lopp tweeted.
It is worth noting that the network is growing with great acceleration: in 2017, the number of transactions did not exceed 250 million. At the current growth rate, in two years the blockchain can surpass the 1 billion transaction mark.
The price of ASIC miners to rise because of coronavirusThat’s what Chen Feng, Sales Director of Canaan, Chinese mining manufacturer, thinks. Due to the coronavirus outbreak, the country declared quarantine and closed down all enterprises, which forces miner manufacturers to postpone the delivery of equipment.
According to Feng, companies will resume work after February 10-15, and ASIC miners will start rising in price in February-March simply because of short supply. Moreover, he points out that it is not clear at the moment it is not clear when cheap logistics will resume in the country.
Ethereum has surged 10% in 24 hrs and surpassed the mark of $200The world’s second cryptocurrency by market capitalization continues to strengthen — its price has grown by more than 10% to $210 in 24 hours.
Analysts believe that the price of ETH will continue to rise. Trader GalaxyBTC points out that the ETH/USD pair has approached the two-year resistance line, after breaking which "it’s showtime." And according to analyst Josh Rager, in two years, many will regret that they did not buy ethereum at the price of $ 200.
The majority of crypto assets from the TOP-100 show the positive dynamics over the past 24 hours. Thus, bitcoin has updated the maximum of 2020, having risen in price to the level of $ 9,700.
Cyber criminals netted $ 4.3 billion in 2019, and Japan plans to launch its own cryptocurrency
Japan plans to launch its own cryptocurrencyThe 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 2019Threat 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.
