Topic: Forget about exchanger search! Use BestChange! - page 35. (Read 13341 times)

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

 Research: whales are buying bitcoin

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

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

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

 Binance performance issues caused by an influx of users

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

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

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

 CelticGold encourages investing in bitcoin

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

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

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

CelticGold experts add that BTC is a safe haven asset, as it is not managed by central banks and governments. In addition, the number of coins is limited, and regulators cannot print new ones.

Hidden miners were found in audio files

BlackBerry Cylance threat researches discovered malicious virus – Monero miner embedded within WAV audio files.

When played, some of the WAV had no glitches, others generated white noise. The specialists discovered embedded code Monero CPU miner, as well as the code used to establish a reverse shell to remotely connect to the victim’s network.

NewsBTC analyst: bitcoin dropped down to $7,500

Aayush Jindal, expert for NewsBTC website believes that the world’s main crypto coin will continue falling. The next levels will be $7,800 и $7,500.

According to him, the resistance at supporting bitcoin’s price of $8,000 was a reason behind the new bearish trend on the 4-hours chart.

There is a major bearish trend line forming with resistance near $7,950 on the 4-hours chart of the BTC/USD pair. MACD and RSI indicators also signal the declining movement. Currently BTC is trading around the mark of $7,900.

Are whales to blame for bitcoin’s decline?

On Friday bitcoin lost about 1,8% in price. The dump started at night, and right on the verge of it Whale Alert analysts detected a transfer of 10,000 BTC (around $80 mln) to Binance trading platform.

If these two events are connected is not clear, but the crypto community is actively discussing the topic of bitcoin-whales manipulating the market. Unlike the classic markets, the crypto market has no protection against such activities.

Thank you JeromeTash and coupable for your input.

We did however decided to move the topuc to Crypto Exchange since to us it deems more relevant, and also the majority of our exchangers are there.

Cheerio! 

I thought they weren't able to access the profile that started the topic but i noticed it was online today. The best thing to do is definitely move the topic themselves

@Coupable, you are right, i think exchanges subboard is the best place for the kind of service provided by Best change.

I usually follow this thread.
But, i have just notice this sentence from the quote above.

Op doesn't have to ask moderators to move the topic from one board to another one. Moving a topic among all boards is easly possible. This can be manually done. OP can use the "move" command fixed in left bottom of this page. [only topic creator can have this option]
Or, there is some boards/topics exclusions with this option of migrating threads to another board which i didn't hear about before.

I don't think this topic belongs to "cryptocurrency exchange" sub-board. Better to move it to Exchanges sub-board.

The market of popular crypto currencies is still in the “red zone”

During the last day the price of bitcoin was gradually growing. However, the crypto coin, as well as the other top-10 tokens, has not yet left the “red zone” of the market. According to Coinmarketcap, at 15:00 CET, the first crypto coin’s price was $9,690.

Market players have different opinions in this regard. Some insist that they hope for the prospect of BTC growth. Others say that there are no drivers for growing in price yet, and the price fluctuations are strictly speculative in nature.

During the last 24 hours, Ethereum dropped more than by 6%, having reached $197. Litecoin has demonstrated the most dramatic drop (-9.23%), having fallen down to $66.

Opinion: BTC is now more stable than a year ago

Alex Krüger, the famous cryptocurrency trader, expressed an opinion that currently the position of the first cryptocurrency is much more stable than it was in 2018. Then, the average trading BTC rate was at the level of $6,400, and this year the crypto coin has managed to get over the $10,000 mark.

The crypto enthusiast believes that the BTC rate growth signals the average increase of crypto coin’s popularity. The gradual adoption of bitcoin is also indicated by the fact that 25 thousand retailers in France, for instance, the Sephora network, plan to accept the first cryptocurrency. It is scheduled to happen already in the beginning of the following year.

Nigerian government official paid $15K ransom in Bitcoin

In a publication for Daily Trust, Nigerian government official Dr. Umar Ardo said the criminals made him pay a $15,000 ransom in bitcoin to release his kidnapped daughter.

Last week, Dr. Ardo’s daughter Amado was kidnapped at a gunpoint around a shopping center. What strikes about this incident is that it is for the first time in history that criminals demand payment in cryptocurrency.

Why in bitcoin? Investigators believe the criminals requested the ransom to be paid in bitcoin to remain anonymous and escape penalty, since blockchain transactions are completely anonymous.

Sadly, incidents like these cast a shadow at the refutation of cryptocurrencies. Despite the indisputable advantages of blockchain technology, many leaders have voiced concern regarding anonymity connected with that.ndustry innovations will push the payment systems to search for original ways for development. Only this way they will be able to meet competition and tap into new markets.

The reason the mods have not moved the thread yet if you have already asked them to could probably be due to the nature of the thread in particular the OP. It's not detailed enough or it does not look like that a typical kind of ANN made by different service providers here. So they probably think it's just a discussion thread for Best Change.

Largest chain of convenience stores in Lithuania will promote bitcoins

Narvesen chain (60 stores) and Lietuvos Spauda kiosks in Lithuania are launching the sale of bitcoin vouchers that can be exchanged online into real bitcoins. A person will not need any ID for that, they will only need to provide their email address and the address of their cryptocurrency wallet.

This project is aimed at simplifying the possibility to buy Bitcoins, even for those who have never done that. Narvesen stores and Lietuvos Spauda kiosks have been chosen for that purpose due to their popularity among Lithuanians and positive attitude to cryptocurrencies, and their clients is a necessary targeted audience.

Head of BitMEX crypto exchange is confident in explosive growth of BTC

Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX is confident that the main crypto coin will once again reach the mark of $20, 000. Crypto enthusiast thinks that will happen because of pumping the economy with newly-printed money which will lead to the loss of interest to fiat money.

Hayes believes that The US Federal Reserve will restart quantitative easing policy. Last week the European Central Bank launched the program and decreased the deposit rate down to a new historical minimum.

Analysts: Payment companies will have to look for new development options

Analysts of the consulting firm Bain & Company are confident that the payment market will soon change dramatically, as mentioned in their last report. Payment operations will cease to be a separate specialization. Digital wallets will grow in popularity among regular users.

“Payments will become free for users and, in the end, for retailers, they will be instant and embedded into other products and services. Cars and fridges, and not people, will be able to place automated orders for replenishing supplies”, - experts think.

Industry innovations will push the payment systems to search for original ways for development. Only this way they will be able to meet competition and tap into new markets.

That is right, simpleswap.org is a phish, having cloned the design, including our logo, from the original website simpleswap.io.

Lots of fraudsters, not only phishing websites, also use our logo to trick and deceive users by faking partnership with us.

When looking for an exchanger, using our platform as the primary source of reference is the way to go, not otherwise.

And simply googling for an exchanger is playing with fire.

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

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

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

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

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

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

 Craig Wright says he owns rights to Bitcoin

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

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

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

He pointed out that only Bitcoin SV has a right to use a distributed registry, while Bitcoin and Bitcoin Cash do it illegally.

There are prospects: forecasts of digital currency market participants

This week was full of various events for both participants of the cryptocurrency industry as well observers. Here are some expert comments on the current development of the digital asset market.

On Monday Yves Mersch, Member of the Executive Board of the European Central Bank (ECB) criticized Facebook’s Libra.”Libra could reduce the ECB’s control over the euro, impair the monetary policy transmission mechanism by affecting the liquidity position of euro area banks, and undermine the single currency’s international role” . The official has also noted that Facebook’s cryptocoin will in fact be accountable to shareholders, raising trust issues, as it will not be backed by a central bank. Mersch called on regulators to take tight control over Facebook’s projects, and for users not to trust the tempting but questionable promises from the representatives of the American company.
Meanwhile, Jack Dorsey, the head of Square payment start-up and Twitter co-founder, continues to insist that cryprtocurrencies will continue to spread. The businessman believes in bitcoin, but he thinks that it is still too early to call it currency. In one of his latest interviews Dorsey notes, that bitcoin’s rises and falls in prices are more characteristic of a investment asset, such as gold. He hopes that as soon as the cryptocurrency becomes the currency of the Internet, his own start-up will pay more attention to services that create added value, rather than those that are engaged in money transfer

Mark Mobius, an investor in developing markets and Mobius Capital Partners founder said that gold-backed cryptocurrency can be an interesting phenomenon. The investor emphasized that there is a whole generation of people who have faith in the internet, and they have faith in cryptocurrencies.
“People believe in dollar because they have faith that with dollars in their hands they can buy something. Crypto enables people to buy something merely because they believe it has value”, Mobius said.

In the beginning of the week trader Peter Brandt tweeted that bitcoin has entered the fourth cycle of the parabolic uptrend that could lead it significantly past its all-time high price. The analyst is confident that the price of Bitcoin will reach one hundred thousand dollars in the long run. And although this bold prognosis does not yet have lots of supporters, one can’t ignore the fact that the price of the main cryptocoin is showing steady growth since Monday.

According to Coinmarketcap, by September,6, bitcoin rose in price up to $10 875, starting from the mark of $9 623 on the night of September,2.

Yes, you are right, I didn't pay attention to it.

If i am not wrong, the website on their page is simpleswap.io which is legit, simpleswap.org just happened to be a phishing site that cloned the original website's page including the logo.
So i don't think they should be held responsible for phishing websites/clones

I thought of blacklist because of this thread: https://bitcointalksearch.org/topic/simpleswaporg-is-web-site-scam-i-lost-001btc-today-5224462
Now I see your logo on simpleswap.org page and relation to you. After all complications with changehero I think you have to be a little sharper to your clients and listing rules.

ℹ️The cost of bitcoin transaction fell by almost 90%

BTC trades almost reached the level of the end of 2017. This is the period when the main cryptocurrency began its famous rally, the peak of which was the increase in the coin rate up to $ 20,000. According to the information of Bitinfocharts service, since that moment the cost for transactions has dropped by almost 88%. In December 2017 commission was around $10-30, and now it has fell down to $0,58 on average. It can be due to considerable popularity of processing operations of BTC transactions at the end of 2017 in comparison with today. Then up to 400 000 operations went through the network daily, when now this figure has dropped to 300 – 350 000 transactions. Another factor influencing the commission cost is the growing popularity of SegWit protocol, the share of usage of which has recently exceeded 60 per cent.

ℹ️Transparent Volume experts: Only 17% of bitcoin transactions do not raise suspicion

According to the new service Transparent Volume of the Nomics cryptocompany, the majority of transactions with the main cryptocoin are suspicious. The experts say that only 17% of BTC operations can be considered genuine. Around 35% of transactions are evaluated within the range from “satisfactory” to “bad”. The total amount of such operations today has reached $3,99 billion.

Transparent Volume is created to monitor the circulation of digital asses between different platforms. It works in real time. Nomics believes that usage of Transparent Volume will help users obtain full and objective information about current trade volumes. The service positions itself as a platform whose work is associated with lesser risk of recording information about fictitious transactions and other misleading facts.

Hi examplens,

Unfortunately we do not have a "black list" of exchangers. We position ourselves as a "white list" and advice selecting exchangers only through our monitor:

https://www.bestchange.com/

As for a search option, we may introduce it in the new version of the website. For now you can use "Ctrl+F" on the page:

https://www.bestchange.com/list.html

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We will ask the moderators to move the topic to a the Cryptocurrency Exchange Sub-Board, thanks for your suggestion.

What kind of information about exchangers do you need? Exchangers in our website are trusted, extra info is available on their pages.

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

 Tether to track USDT transactions

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

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

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

 Trading volumes on cryptocurrency exchanges increase by 70%

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

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

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

 USA to release new cryptocurrency regulation rules

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

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

Earlier, the administration of US President Donald Trump proposed budget proposal for 2021, which includes strengthening control over cryptocurrency transactions.

Dear readers and users of our platform, we have two pieces of good news.

1.  From now on, the offers of the exchangers are accompanied not only by a minimal, but also by a maximal exchange amount.

To see the maximum the exchanger is ready to exchange, all you need to do is to hover the cursor over the line (on mobile devices it is needed to touch and hold a finger on a selected line for some time).

We would like to remind you that the current reserves of an exchanger may be lower than a maximal exchange amount, please pay attention to this when selecting an exchanger or use the “Calculator” tab to sift out exchangers that are not suitable for you.



2.  Against the backdrop of a significant flow of USDT tokens capital to the Ethereum blockchain, many large exchanges have already added support for ERC-20 standard tokens.

Now in our monitoring BestChange.com you can see two types of tokens USDT-Omni and USDT-ERC20 separately from each other with their unique exchange rates and reserves.

We would like to remind you about the difference between these tokens:

Tether Omni — these are USDT tokens launched on omni layer protocol based on Bitcoin network. Its address is a BTC format address.
Tether ERC20 are USDT tokens launched on ERC-20 protocol standard based on Ethereum network. Its address is an ETH format address.

The users are recommended to carefully familiarize themselves with the type of tokens before making any exchange operations. If you have any questions about the used standards, please contact the support service of the exchanger before making the exchange.

As always, you can find the best exchange rate for the most popular currencies on our site. BestChange.com, exchangers monitoring is always at your service.

Yeah, also announcing exchangers here rather than random pieces of information from the crypto world.
On-site we can find exchange rate, but it's complicated if we want to know more about exchanger, money exchange is quite a delicate subject.

Exactly 63 years ago on July, 30, 1956, the slogan “In God We Trust” appeared on American dollars.

Moreover, the phrase is an official motto of the USA.

The first time the motto was used in 1864 when minting 2 cent coins, but it was adopted on the national level in 1956.

Sometimes the phrase is jokingly extended to “In God We Trust, All Others Pay Cash” which shows economic attitude of Americans, and shopkeepers would use it to discourage credit.

Hi @Best_Change, I also have a suggestion. Why don't you guys make a much more professional and detailed Announcement probably in this board (but i think the Exchanges Sub-Board would even be a more suitable place)

This ANN is not detailed and was opened by a profile which is no longer active so modifying it is impossible.

I have some suggestion for you @BestChange.
I can't find the search option on your website. Search by exchanger name.
Also, why you haven't database of blacklisted exchangers, respectively exchangers which should not be used because of the high risk of losing money. Information like this can help more to keep people's funds safe. It will result in your higher reputation and probably a new customer.