Topic: Forget about exchanger search! Use BestChange! - page 36. (Read 13341 times)

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



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 2016

People’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 dead

Initial 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 coronavirus

Chinese 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 $70

The 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 2019

Hedge 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 Minecraft

In 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 million

The 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 coronavirus

That’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 $200

The 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 cryptocurrency

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

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

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

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

Cyber criminals stole $4.3 billion in 2019

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

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

In 2017, most cryptocurrencies were stolen through ICOs, and in 2018, through hacker attacks.

What are the Advantages of Cryptocurrency?

Over the last couple of years, cryptocurrencies gain more and more popularity. Let’s touch upon some of their main advantages in comparison to fiat money.

1. It is decentralized and does not rely on banks or governments. Transactions can take place in different parts of the world and take seconds, without the need to pay hefty charges to banks.

2. Because cryptocurrency is decentralized, it’s immune to deflation or inflation that can happen as a result of the choices of a central government.

3. Anonymity is one of the most important perks of cryptocurreny. You do not need to reveal your identity.

4. Anybody can make money through the process of mining. All what’s needed is access to a computer and the internet.

5. Because the cryptocurrency market is highly volatile it can be a high reward (but at the same time, high risk) investment.

6. Cryptocurrency is not subject to inflation. With coins like bitcoin there is a set amount that will ever be created.

7. And last but not least, since cryptocurrency exists in digital form, millions of trees can be saved by not using paper currencies. It can contribute to our environmental well-being.

You can purchase or sell cryptocurrency at BestChange – we guarantee the smoothest exchanging experience, saving your time and money!

You reminded me about 1 time when I used their service and numbers were a bit off.
I mean I was doing my own manual research and found out that one exchange was offering better conditions.
It could be lag or my browser or something similar, but still there was that one time

Sometimes it is necessary to confirm that you are the owner of this or that address. This may be required when, for instance, the seller wants a confirmation of your solvency, when recovering a hacked or lost account, or to prove that it was you who made a transfer and not somebody else.

Only owning a private key can prove your ownership of a bitcoin-address, but at the same time you cannot give away your private key: anybody with an access to it can spend your funds.

To solve this contradiction, a special function was developed – “signing a message”. When you sign a message, you can prove that you own a certain address and manage its funds. At the same time, secret information is not revealed, and no risk is posed for the funds at this address.

Creating a signature for any message is possible with lots of bitcoin-wallets. You will need to specify the address you need to confirm, and a message. The text can be of any nature, but it’s preferable it would tell something to the recipient. We advise you to always put the date and the reason of the message. If you sign any message without the specifics, somebody else might use it and pretend to be the owner of your address.
 
After signing the message, you can give the message with your signature to the other participant which will prove your ownership of the address. To check the signed message, it is possible to use a wallet or other resources.

Have you ever used this function? Have you heard about signing the messages for cryptocurrency wallets?

I am also curious to know what is your mechanism to test exchanger which going to be listed on your service. You (BestChange) plays on the very delicate territory, especially when you have on your website:

---

This is good advice, but only for noobs. I guess you like a professional has a more precise method to check all before you guarantee for any of them.

Bestchange has really listed a number of exchanges which makes me fear that there might be maximum which would be scam exchanges. We do not have legit exchanges in these huge numbers. We only need few selectable exchanges but those should be reliable and most secure.

I have heard few cases of bestchange which were regarding listing some scam exchanges and those exchanges might have scammed some users which made the DT members leave negative trace on their functioning accounts. They should have some tests or something like this where they could judge each and every exchange and at least they should first transact for themselves to make sure the exchange is secure before letting other people on their platform know about the same.

Digital yuan could supersede dollar, and cryptocurrency consortium created at Davos forum

Deutsche Bank: Chinese cryptocurrency could erode the dollar’s primacy

Digital currencies, which are being developed by China and India, can change the centers of "global economic strength," according to a report by Deutsche Bank.

The authors point out that China is already developing a cryptocurrency supported by the country's Central Bank, which can be used as a power tool.

”Companies in the country are, in fact, forced to adopt a digital yuan which will certainly erode the dollar’s primacy in the global financial market”, - Deutsche Bank experts write.

They also add that at the current rate of internet development, the number of crypto wallet owners will quadruple to 200 million by 2030.

Davos forum participants create a consortium to regulate cryptocurrencies

During the World Economic Forum in Davos, the world's first consortium was established, whose participants will develop regulation of the crypto industry. It is to include financial institutions, members of governments, large corporations, international organizations and the crypto community.

The founders of the consortium were Klaus Schwab, chairman of the Davos Forum, Mark Carney, head of the Bank of England, Tarman Shanmugaratnam, Minister for Economic Policy Coordinator of Singapore and representatives of the central banks of Egypt and Bahrain.

Sounds good and very interesting idea. Through your service scam exchange site would be lessened and the risk might be facing to every user will become less for sure. Regarding the filtration to those exchanges that making fraud is much better and has a good solution to it.

Looking forward to this company and I hope the problem will be solved between the complaint against your company. Probably there are more reputed exchanger will be tied up soon upon having a promotion here. Best of luck bestchange team and staff.

You know, I recently installed the Indacoin application, and I want to say that it is much more convenient. You can buy or exchange Bitcoin where you want.

Firstly, its is too early to talk about scam in this situation, the exchanger did not take away the user’s money or embezzle it; it has just frozen it to conduct an investigation, because the transaction was marked as suspicious. The exchange is replying to our emails, and informed us that the issue will be solved in the nearest future. Currently the exchanger is switched off in our monitoring until the situation is solved.

Our service minimized the risks of exchanging funds, because we thoroughly check all exchangers before adding them to our monitor. We have very strict requirements to the exchangers, we check them using dozens of parameters, this is why it is impossible to add a scam to our website.

But in any case we cannot be a so-called “guarantor” because we do not work with users’ money, but only provide the information where they can exchange funds.
We do not see, who exactly left our website and went to the exchanger listed with us, there is no way for us to check that this very person exchanged a certain amount with the exchanger, we do not see what funds go between the client and exchangers and have no control over it. If we cannot control exchanges, we cannot be a “guarantor” of the deals between the client and exchanger.

What we can do (and we are good at it) – is to include only the best and tursted exchangers, help users solve their problems with an exchanger, timely switch off exchangers from the monitor if they start acting suspicious. Also all users can leave a review about their exchange experience. Usually the administration of exchangers values their reputation and swiftly reacts to the reviews of switching off from the monitor.

---

We would be happy if our service could help both the models to cash out their earnings and the community for accepted payment ways. 

Mostly the pornhub community was been payed with wire-transfers or paypal/perfect money, etc but most of those ways were stopped being payed and hence pornhub decided to give cryptocurrencies a shot. Tether being a stable coin gives them them a ease of access for easy and quick transactions worldwide without worrying about the transaction fees and the fees is comparatively much smaller than paypal, etc.

This would surely make them stand on profits for sure so they would continue starting to accept few more reliable coins which would make them more popular. Perhaps, the pornhub models might be facing problems in cashing out the tether and your platform might give them the ability to cashout instantly by finding some better exchange.

Just a quick question: What if I use your service for comparing the exchanges and get scammed after trading my Litecoin for Skrill USD? Will my faith be similar to the guy who is the reason you got negative trust by DT? How you filter the scam exchanges and protect the customers?

Is a quantum computer dangerous for Bitcoin?

Many researches say that in less than 10 years computing machines using quantum principles will threaten blockchain technology which is a basis for cryptocurrencies.

Bitcoin and similar systems’ defense algorithm is based on a principle of asymmetric encryption with and open and private keys. Transaction is signed by a private key, and its truth is checked with a help of an open key.

Despite the fact that Bitcoin blockchain uses asymmetric encryption, the users don’t have to worry for the safety of their coins. The open key is not stored openly. Thus, the addresses for coins transferring are not open keys, but just the results of usage of hash-function SHA-256. The hashing function performs one-sided transformation and that’s why it’s stable against quantum computer attacks.

The public key is rendered to the network in the open way just until it receives a confirmation. If an attacker receives an open key during transaction, he will have around 10 minutes to get the private key with the help of a quantum computer and try to make his own transaction from the same address but specifying a larger commission.

By the way, bitcoin mining is also relevantly safe, as the equipment for mining cryptocurrencies in the near future will be more powerful that quantum computers.

It is worth to note, that quantum calculations threaten absolutely all systems of computer security which care based on cryptography with an open key, and not only blockchain. Internet connections to render your password in Internet banking uses a similar encryption technology, same as communication in chatrooms, social networks and lots of other routine actions.

All security systems, including blockchain systems, need to take into account postquantum encryption to ensure data safety. But the most simple and effective way can be changing traditional systems by such blockchain which implements quantum-resistant cryptography.

There are several different ways of encryption with open key resistant to quantum calculations: bases on matrix, on code, multidimensional quadratic functions, and hashing function. But let us not digress into detail math stories.

The main point is that if there is a serious threat to blockchain posed by quantum computer, developers can improve the protection. Moreover, successful research and developments in this regards are being done not for the first year.

What do you think, who will be the first in this race – bitcoin developers or quantum computer developers?

Pornhub added Tether, and the number of wallets with balance over 1 BTC continues to grow

Pornhub is now accepting Tether

One of the world’s largest adult sites added USDT tokens support. Pornhub blog says that it became possible thanks to cooperation with TRON, and if one chooses to pay for the website’s services in USDT, it is recommended to use TRONLink wallet.

Two months ago PayPal stopped supporting payments to Pornhub’s models, which made the platform add new payment system. Justin Sun, Tron’s CEO, said that introduction of payment in Tether is a “a brilliant way to support the victims of centralized payment platforms like PayPal”.

The number of wallets with balance over 1 BTC is growing

Glassnode company experts calculated that number of addresses with one or more bitcoins rose by 10% over 12 months. Now their number is 784’000.

According to the analysts, this key metric shows the number of retail trader. Since the beginning of 2015 this number has double which demonstrates the growing interest to cryptocurrencies.

“The steady rise is the result of accumulation by retail buyers. The rising number of addresses accumulating greater amounts of BTC is a sign that adoption as a store of value is increasing”, — the report says.

The Amsterdam Stock Exchange is considered the oldest in the world. It was established in 1602 by the Dutch East India Company, which issued the first shares on the Amsterdam Stock Exchange. It was the first company to issue stocks and bonds and the first to formally begin trading in securities.

In the 1600's, the Dutch, French and British governments all gave charters to companies with East India in their names. At the peak of imperialism, it seemed like everyone had a share in the profits from the East Indian and Asian campaigns except the people living there. Sea trips that brought back commodities from the East were very risky - besides pirates, there were risks of weather and losing navigation.

To minimize the risk of a lost ship ruining their profits, ship owners had long been using the help of investors who would finance the trip - outfitting the ship and crew in return for a percentage of the profits if the voyage turned out a success. These early limited liability companies often lasted for only a single voyage. They were then dissolved, and a new one was created for the next trip. Investors lessened their risk by investing in several different ventures at the same time, thereby playing the odds against all of them ending in disaster.

When the East India companies formed, they changed the way business was done. These companies issued stock that would pay dividends on all the proceeds from all the voyages the companies undertook, rather than going voyage by voyage. These were the first modern joint stock companies. This allowed the companies to demand more for their shares and build larger fleets. The size of the companies, combined with royal charters forbidding competition, meant huge profits for investors.

Hopefully you are not, but who know? I'm not judge that your exchange is scammer directly but I just see some topic that spread up there.

That is why I say it will be interesting to see what will happen next. Perhaps your investigation will be finished as soon as possible.

Did you know that in its modern form, credit card appeared back in 1949? Originally nobody took them seriously, but within the next few years they literally conquered the whole world.

The first universal credit card, which could be used at a variety of establishments, was introduced by the Diners’ Club, Inc., in 1950. Another major card of this type, known as a travel and entertainment card, was established by the American Express Company in 1958.

Today billions of people around the world use bank cards. The share of cashless payments is gradually growing, and they become a usual and more convenient method of payment.

According to statistics, for the year 2015, debit card usage accounted for 69.5 billion in payments, dwarfing all other forms of non-cash payments including credit cards (33.8 billion) and checks (17.3 billion). One new debit card is issued in the U.S. every five seconds. There were 471 million Visa debit cards in the U.S. and 1.09 billion in the rest of the world at the end of March 2015.

How many bank cards do you have? How often do you use cash?

Same here. But after I initially encountered their signature campaign, I tried doing a little searching and reading of their platform. They have been in the business for a good deal of time. They are not an exchange strictly speaking. They are listing exchanges for people to easily browse and make comparison.

Cryptocurrencies were originally envisioned as a decentralized payment means, independent of fiat money rates and not tied to traditional valuable assets.

This peculiarity adds cryptocurrencies a characteristic feature — high volatility of the rate. Many folks gain thanks to this feature, but the possibility that the rate can dramatically drop or leap hinders the usage of cryptocurrency as a full-fledge payment means.

In order to regulate the rate, it was decided to tie up cryptocurrencies to stable assets that have long been established in the economy. Thus, they began to tie up the value of cryptocurrency to fiat money, gold and oil. Digital currencies can be tied up to any valuable asset or commodity which can make their value more stable.

Cryptocurrencies pegged to physical assets have a lower rate volatility and became known as stablecoins. Stablecoins are a compromise between fiat money and cryptocurrencies. Most often, the value of a stablecoin is pegged to fiat money. The value of these coins is equal to that of fiat currency and represents a sort of a promissory note. Every coin is leveraged to one unit of fiat money, for instance, dollar, which acts as a guarantee and provides for the value of the currency.

The most popular stablecoins are:

Tether (USDT) * USD Coin (USDC) * TrueUSD (TUSD) * Paxos Standard Token (PAX) * Dai (DAI)

And what stablecoins do you use ?

Actually I only know them now due to their bounty program, I think they already put limit in the participants as they pay higher reward than others. Regarding the exchange haven't tried it yet but many threads appear as well their trust reputation. Will try it one of these days to check the support.