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  1. #21
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    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.


  2. #22
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    Why will altcoins disappear and what will become of bitcoin in 2020

    Tone Vays: all altcoins will disappear

    Analyst Tone Vays famous in crypto community thinks that the price of the most popular altcoins will drop to zero because they are worthless and cannot substitute for bitcoin.

    “Who will use Litecoin when we have Lightning Network, who will use Ethereum when we have side chain Liquid Network? Will people use Binance token? I don’t know because it’s useless”, — Vays said.

    He also added that he doesn’t expect to see bitcoin cost over $10,000 in 2020.

    Bloomberg: bitcoin will become stronger in 2020

    Bloomberg’s analysts published a report with cryptocurrency predictions, according to which bitcoin will become stronger in 2020. The experts note that bitcoin become more and more popular as investment against a weak dollar and global uncertainties.

    According to them, limited number of coins and halving of the block reward in May 2020 will account for increasing price of BTC.

    “Bitcoin's initial reaction to the U.S. airstrike was a good test of our premise that the first-born crypto is maturing toward a digital version of gold”, — the report says.
    On January 3, bitcoin reached its seven weeks’ maximum after U.S. military attack near Baghdad which killed Iraqi general Qasem Soleimani.


  3. #23
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    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.


  4. #24
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    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.


  5. #25
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    IOTA network resumes operations after hacking, and trading volume of BTC options hits a record

    IOTA network is back online after hack

    IOTA Foundation relaunches network after being suspended because of a hacker attack.

    On February 12, 2020, attackers stole 8.55 million tokens (about $2million) from the official Trinity wallet, affecting 50 users. IOTA founder David Snsteb promised to pay victims back from his own wallet.

    The company intends to continue cooperation with the FBI, the police of Great Britain, Germany and Malta to find the criminals.

    Mark Cuban compared buying bitcoin and gold to collecting

    American billionaire and owner of the NBA Dallas Mavericks club, Mark Cuban, once again spoke about cryptocurrencies, comparing them to gold and collectables.

    “With Bitcoin, some people value it as a store of value, which makes it like baseball cards, art [and] gold,” he said.

    Cuban, however, noted the value of the blockchain technology:

    “When people say cryptocurrencies have no intrinsic value, they usually lose sight of the value of blockchain technology,” he added.

    Bitcoin options saw record volume

    On March 9, BTC options set a new trading record of $198 million.

    According to the analytical service Skew, interest in options has grown amid an increase in bitcoin exchange rate volatility up to 65%.

    The Deribit derivatives platform registered 86% of transactions worth about $170 million. The second most popular was the OKEx exchange with a trading volume of $23 million, followed by LedgerX and Bakkt. CME, which launched cryptocurrency instruments in January this year, registered only about 1% of the trade turnover.


  6. #26
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    Cash and сoronavirus: how to stay safe when dealing with banknotes and bank cards

    During the pandemic, when it is of the utmost importance to be very careful about your health and follow good hygiene practice, BestChange team wishes to remind you the necessary precautionary measures when dealing with cash and bank cards.

    We already wrote that cash is one of the dirtiest things in the world and a carrier of many diseases. Various microbes live on the banknotes for quite a long time from one up to two months. Paper money has a lot of cellulose which is the perfect media for the development of bacteria. Plastic and metal money have much fewer microorganisms, and their life is much shorter.

    Speaking about COVID-19 specifically, the virus stays up to 5 days on metal materials, 4 days on wood and glass. Paper exposed to coronavirus remained safe after 4-5 days, and the virus stays on plastic for no more than 5 days.

    Besides coronavirus, many other bacteria can be found on banknotes: causing skin inflammation, microorganisms associated with the vaginal tract, Escherichia coli and staphylococcal bacteria can be found they cause intestinal diseases. Besides bacteria, fungi spores and helminthiasis (simply put, worm infections) pathogens can be found on money.

    Many infectious disease specialists around the world approve of decreasing the usage of cash in favor of contactless. However, please keep in mind that the direct contact between the bank card and the terminal or touching the terminal when pressing the PIN can be also dangerous in terms of contracting the infection.

    We would like to remind you recommendations of WHO: wash your hands, do not touch your face when using cash. WHO does not say that cash must be totally avoided, but theoretically, it can be a channel to contract the virus.

    Please remember, that the notion dirty money has a real basis behind it and before biting into a snack you have just purchased with some cash, remember what is at stake. Always thoroughly wash your hands or sanitize them after being in contact with cash or touching any surfaces in public spaces, including ATMs.

    Modern problems require modern solutions, electronic money and cryptocurrency get another advantage as a safer payment means of the future.

    BestChange team asks everyone to follow the advice of doctors and professionals, take care of yourself and your close ones and keep your spirits up!


  7. #27
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    Miners will start to switch off after the halving, and Bitstamp plans to expand its listing

    Some miners will stop working after the halving

    States a report by an analytic company Coin Metrics. Despite the fact that Bitcoin price has recovered to the level of $6,300, for many miners the breakeven point is higher than that.

    “We expect miners to follow a cycle of decreased profit margins, increased selling, capitulation, and a culling of the least efficient miners from the network. Once this cycle is complete, the miner industry should return to a healthier state that is supportive of future price increases,” the analysts say,

    Last week, Bitcoin mining complexity fell by a record 16%, according to BTC.com forecasts, after the next eight-day cycle, it will decrease by another 12%. This will also reduce the profitability of mining for inefficient equipment, according to Coin Metrics.

    Bitstamp may launch trading Ethereum Classic, Zcash and Stellar

    Bitstamp, one of the first European cryptocurrency exchanges, is considering listing Ethereum Classic (ETC), Stellar Lumens (XLM), Zcash (ZEC), Basic Attention Token (BAT), Paxos Standard (PAX), USD Coin (USDC) and 0x (ZRX).

    The platform’s specialists will thoroughly study the technical characteristics of these cryptocurrencies, as well as their compliance with the security requirements of the exchange and the legislation of some countries. It is worth noting that Bitstamp is extremely cautious about listing coins. Currently, only five crypto assets are traded on the platform: Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash.

    Cryptocurrency trading volume on exchanges increased by 60%

    Trade turnover at 22 popular crypto platforms grew by 61% in Q1 of 2020, according to the report of The Block media.

    In the last quarter of 2019, the figure was $96 billion, and currently, it has increased to $154 billion — almost the same level as in Q3 of last year.

    The volume of transactions in the Bitcoin network increased by 11% to $ 178 billion, while the amount of commissions remained virtually unchanged at $20.12 million. The average BTC block size has slightly increased: from 1.14 MB to 1.17 MB. In January, the share of SegWit transfers exceeded 70%, and the number of public Lightning channels increased by 3%.


  8. #28
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    Bitcoin Cash undergoes halving

    On April 8, in the Bitcoin Cash network block reward was halved. It was reduced from 12.5 BCH to 6.25 BCH at block height 630’000. The night before halving, the coin went up from $251 to $275, but today it has again dropped in price to $257. In about 12 hours, halving of Bitcoin SV, another fork of the first cryptocurrency, will happen. According to BSV developer Bat Jasper, this will negatively affect cryptocurrency as it will make its mining less profitable than mining bitcoin. We would like to remind that halving in the network of BTC itself is expected on May 13, the reward will drop from 12.5 BTC to 6.25 BTC.

    U.S. national debt hits a record $24 trillion

    According to Trading Economics, the U.S. public debt is currently $24.018 trillion. It grew by an additional $4 trillion over 4 years under Donald Trump. The sharp increase of this figure was caused by the U.S. Federal Reserve program to support the economy during the financial crisis brought about by coronavirus. The regulator intends to print $6 trillion worth of banknotes. Earlier, TV presenter Max Kaiser called the dollar “debt coupons,” and popular writer Robert Kiyosaki called for investing in bitcoin and gold: “IF US Debt to GDP ratio 60% world sound. Today US Debt to GDP 110% and climbing. US bankrupt”, he tweeted.

    The number of ETH addresses has exceeded 70 million

    The number of addresses in the Ethereum network has reached 70 million, the Glassnode service draws attention.The figure began to sharply grow in November 2017 before the coin set a price record of $1,300. Since that time, the cost of ETH was mostly falling and today it is $171. Despite this, the number of addresses has increased 8.2 times since November 2017. The number of active addresses in March was about 230 thousand - the figure correlates with the price of ethereum. The maximum at the level of 715 thousand was set in January 2018, when the cryptocurrency price reached a historical record.


  9. #29
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    Andreessen Horowitz: the cryptocurrency market is growing randomly but steadily

    Venture Fund Andreessen Horowitz from Silicon Valley has analyzed the cryptocurrency market and came to the conclusion that it has been showing a “choppy yet consistent growth” since 2010. Experts studied four metrics: the price of bitcoin, activity in social networks, developer activity and startup activity. All four parameters showed positive cumulative annual growth rates. The company noted the importance of the 2017 cycle, which became the reason for the launch of “dozens of interesting projects” from various business areas. “Even though crypto cycles look chaotic, over the long term they’ve generated steady growth of new ideas, code, projects, and startups — the fundamental drivers of software innovation. Technologists and entrepreneurs will continue to push crypto forward in the coming years. We are excited to see what they build,” Andreessen Horowitz concluded.

    Miner hackers attacked supercomputers

    Last week, a number of supercomputers from the UK, Germany, Switzerland and Spain were attacked by crypto miners. The University of Edinburgh, Leibniz Computing Center, the Bavarian Academy of Sciences, the Swiss Center for Scientific Computing are among the victims. Experts from Cado Security examined samples of malicious code and concluded that hackers gained access through compromised user data and SSH keys. There is no official evidence that the attacks were carried out by one group of attackers, but Cado Security pointed to similar virus file names and network identifiers.

    Cardano creator: misinformation prevents bitcoin from spreading

    Cardano founder and Ethereum co-founder Charles Hoskinson suggested that bitcoin is misunderstood due to the abundance of false information and fears. “I started with Bitcoin and started with something called the Bitcoin education project. The goal there was to try to bring as many people as possible into our ecosystem and to also dispel a lot of the common myths, fear, uncertainty, disinformation, and misnomers and things that have been cropping up. In 2013, there was certainly a lot of them, and unfortunately today there’s even more,” the businessman said. Hoskinson created a 40-minute video in which he explained the essence of the first cryptocurrency and called for similar actions by all industry participants. The reason was the tweet by the writer Joan Rowling, who asked to tell her what Bitcoin is. Having received many answers, including from Ilon Mask and Vitalik Buterin, the author of Harry Potter books has not understood the idea of cryptocurrency and expressed her disappointment.


  10. #30
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    Bitcoin whales withdraw 17,000 BTC over a few hours

    Large holders of bitcoin in several transactions withdrew 17,320 BTC (about $169.4 million) from several exchanges, the Whale Alert service noticed. First, 5,000 BTC was sent from Bitfinex to an unknown address. Then 3,058 BTC was transferred from an account on Binance exchange; 2,645 BTC were moved from OKEx in two transactions. A little later, another 3,164 BTC were withdrawn from OKEx, and 1,593 BTC from Coinbase. The senders and recipients are unknown; all transfers were made during the evening and night of May 19. Twitter users have suggested that whales accumulate coins on the verge of the upcoming Bitcoin price increase.

    Bitcoin price drops to 0 on BitMEX

    On May 19, the BTC/ USD price collapsed to zero at BitMEX, one of the largest crypto derivatives trading sites. After that, the platform suspended trading for several hours. Representatives of the exchange did not explain whether there was a real deal at the rate of $0, or whether it was a technical malfunction. BitMEX said that all funds are safe, now the website is working as usual. The other day, a lawsuit was filed against BitMEX, among other accusations, the exchange was accused of price manipulation and fraud.

    Bitcoin mining difficulty decreases by 6%

    On the morning of May 20, the first change in the complexity of mining Bitcoin took place after the recent halving the indicator fell by 6%. The reason lies in the hashrate falling after halving the block reward. Now outdated equipment can once again generate revenue at the cost of electricity below $0.05 kW/h. In some provinces of China, due to the rainy season, tariffs for miners have been reduced to $0.03 kWh/h. This may prompt miners who have switched off, to return to cryptocurrency mining, according to Alejandro De La Torre, vice president of the PoolIn mining pool. According to BTC.com, in two weeks, complexity may decrease by another 6.3%. In early March, the indicator updated its historical maximum, but after the collapse of the exchange rate to $4,000 at the end of the month, it fell by 15.95%.


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