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  1. #71
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    Not only COVID-19 year, but the most successful since crypto winter

    The Coronavirus did not make any effort to prevent crypto enthusiasts from trading. According to Mass Media, 2020 turned out to stay quite successful in the context of assessing the size of investments in cryptocurrency projects. Crypto companies did their best to raise about $ 3.1 billion. All in all, it took near 800 transactions to reach the score. Despite serious downgrade of players activity during the first half a year, the situation has slightly changed by the end of 2020. For example, BAKKT finished trade round with 300 million dollars in total. The majority of funds came from M12, PayU system, CMT and The Boston Consulting Group.

    Francis Suarez, the mayor of Miami, Florida, declared BTC as a stable investment portfolio

    If you have never heard about this man before, now it is high time. The official said: "Great insight into how Bitcoin has been a stable investment during and incredibly unstable year." The mayor wrote that he learned about BTC from Tyler Winklevoss and Anthony Pompliano. And «Pomp» has declared Miami is on its way to become Bitcoin city, whatever it means. So, for now crypto educated politic states Miami truly can be the first crypto-friendly city across the whole country. No doubt that South Florida takes its leadership to proceed crypto industry, based on advanced technologies. Suarez also said that he was reading the book "Bitcoin Billionaires", which was authored by Tyler Winklevoss.


  2. #72
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    Analytics make predictions concerning trial SEC against Ripple

    The regulator believes that the XRP company should be responsible for the unregistered issue of securities in the guise of tokens that the project has been selling for 7 years. To remind you, Ripple has raised about $1.3 billion. According to Adam Cochran, a partner of Cinneamhain Ventures, the trial court will take years, though Ripple Company does not have many chances, like EOS or kin do. While seeking the arguments Cochran says that Ripple is completely falling under the jurisdiction of the SEC. The defendants are Ripple CEO Brad Garlinghouse and his companion Chris Larsen. Nonetheless, XRP assets are still trading on global markets. To remind you, the SEC recognized tokens as unregistered securities. Andrew Tugarin, leading partner of GMT Legal, has no doubt that the proceedings will most likely not be in favor of Ripple. «It seems that a large fine will be imposed on the project itself and its founders personally» - analytic said.

    An outside opinion: it is high time for market correction

    The total share of TOP-1 BTC on the crypto market for the first time this year has reached 69.3%. Mikhail Karkhalev, the analyst of the crypto platform Currency.com believes that the key driver of BTC's market share growth was a decrease in Ripple's capitalization and its future trial. Over the past 7 days the token price has decreased by 54%. The fall comes amid SEC accusations against Ripple and the refusal of several companies to work with XRP at once. «In my opinion, there are no prerequisites for a decrease in the market share of BTC. The main cryptocurrency, in contrast to the same Ethereum (ETH), is held near the price maximum, while Ethereum has lost positions. The market is ready for a slight correction to $ 21-20 thousand for BTC. The price may reach these levels in the first half of January, after which it will move back to growth in search of new highs.


  3. #73
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    British regulator pointed to the risk of investing in cryptocurrencies

    The UK Financial Conduct Authority warns of the risks of investing in crypto assets. The corresponding statement was published on the regulator's website. FCA drew attention to the fact that some companies are calling for investment in cryptocurrency projects and promising high returns. The British regulator warns that such investments are high-risk, and consumers "must be prepared to lose all their investments." “Firms offering these products should make sure they comply with all relevant regulatory requirements and are authorised by the FCA where this is required. Since 10 January 2021, all UK cryptoasset firms must be registered with the FCA under regulations to tackle money laundering. Operating without a registration is a criminal offence, ” FCA said in its statement. According to the regulator, the key risks are associated with the lack of a system for protecting the rights of crypto investors, the volatility of such assets, difficulties in understanding the principle of operation of products, and high fees for cryptocurrency transactions.

    The drop of BTC did not undermine the confidence of institutional investors in cryptocurrencies

    The sharp decline in the bitcoin rate, which was recorded on January 11, did not become a reason for institutional investors to revise their attitude towards BTC. For example, the founder of SkyBridge Capital, Anthony Scaramucci, wrote on Twitter that he is "investing to the maximum", especially amid the decline in the price of the first crypto coin. Crypto enthusiast Nick Carter also wrote that he was not impressed by the recent decline in the value of BTC. “I felt nothing at 40k and I continue to feel nothing. maybe I'll feel something at 100k? Аfter watching bitcoin plunge 50% to 3k in 24h in an apparently "mature" market last year nothing fazes me anymore», ”Carter said. On January 11, the price of bitcoin dropped to $ 31,000. After that, the rate began to rise again. The cost of bitcoin, according to Coinmarketcap, is $35,556.

    PayPal records a multiple increase in the volume of transactions with the main cryptocurrency

    PayPal has set a record for the volume of transactions with crypto assets on its own platform. As of January 11, transactions totaling $242 million were carried out on the site. "That's nearly double the previous record," Nugget's News founder Alex Saunders tweeted. Cryptocurrency trading volume on PayPal was significantly higher than the previous record. On January 6, it reached $129 million. We would like to remind the reader that in mid-November 2020, PayPal launched the purchase and sale of BTC for US customers.


  4. #74
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    Criminals moved XRP stolen on Livecoin to KuCoin platform

    The fraudsters transferred XRP stolen from the Livecoin crypto exchange to the KuCoin platform. Representatives of XRP Forensics wrote about this on Twitter. They asked the KuCoin administration to freeze these transactions and contact them for more information. Earlier it became known that 106 BTC, 361 ETH and 236 BCH were stolen. A chat has appeared on Telegram for the affected Livecoin traders from Russia, where they share information about the situation with the hacking of the crypto exchange. Some of the users have already contacted the police.

    CryptoQuant claims that investors withdrew $ 2.5 billion in ETH from exchanges in two days

    According to CryptoQuant, the number of Ethereum on crypto exchanges has dropped sharply over the past two days. The company reports a decrease in stock exchange balances from 11 million ETH to 8.1 million ETH. The founder of Nuggets News, Alex Saunders, does not exclude that if the trend continues in 10 days, ether will disappear altogether on trading platforms. However, other sources do not confirm these concerns. Ethereum exchange balances have remained largely unchanged since the rise in late 2020, according to Glassnode. “This is nonsense. Who'd really think that a sudden drop of 2M+ #ETH are actual withdrawals from an exchange? Nothing unsusual has happened, exchange flows are completely within their normal range. Current balance: 16.3M ETH», the technical director of Glassnode Rafael Schulze-Kraft tweeted.


  5. #75
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    Expert: BTC correction related to criticism of the candidate for the post of the head of the US Treasury

    A prerequisite for the price correction of BTC could be criticism of bitcoin from the candidate for the post of the head of the US Treasury Janet Yellen. This opinion was expressed by the director of Binance in Russia Gleb Kostarev. Yellen previously stated that cryptocurrencies are a "special problem" for law enforcement agencies fighting money laundering and terrorism. However, investors are still positive about the long-term prospects of BTC, Kostarev is sure. “Vailshire Capital Management and PlanB have given new positive forecasts for the future price of the historic coin,” he stressed.

    Firo network underwent 51% attack

    Representatives of the Firo (formerly Zcoin) cryptocurrency project, which focuses on increased privacy, reported a 51% attack. The developers advise users to suspend operations on the network until it starts functioning normally. “We are under 51% attack at the moment. We recommend not to make transactions during this time until the network returns to a normal state. We will post updates when we have them. Note this is not a coding error but a nature of PoW, ” the project representatives said. The company's developers pointed out that the attack took place several weeks before the planned implementation of Chainlocks. This is a special tool that prevents 51% attacks through the use of masternodes.


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