Best Crypto Traders Official

2022-03-29 10:15:13 ​​Christopher Waller: "Blockchain is grossly overpriced"

Christopher Waller made his statements during a panel discussion on the advisability of issuing government cryptocurrencies (CBDC). The Fed board member emphasized that the US Reserve System has always been on the sidelines and only supported and regulated the private financial sector. He asked what was the change, the “market failure that requires us to break away from 100 years of tradition and
independently launch the state digital currency”.

"The CBDC research papers are more like commercials—they show the various bells and whistles that such products offer, but don't address the question of whether they're needed at all," Waller said.

Yale University professor Gary Gorton believes that the US Federal Reserve needs a more active stance towards digital currencies. He emphasized that blockchain is increasingly penetrating supply chains around the world and America needs to think about what payments will become in the future. According to him, it would be better if these were payments in state cryptocurrencies, because otherwise this niche will be occupied by stablecoins, which can become a big problem. Open / Comment

2022-03-25 11:06:39 ​​The collapse of Cashio Dollar by 99.9%: crypto market news

The Cashio Dollar token immediately collapsed by 99.9% after a hacker attack, and the Russian State Duma obliged election candidates to report on the purchase of cryptocurrency - these and other important news of the cryptocurrency market in our review.

The protocol of the stablecoin Cashio Dollar based on the Solana blockchain has been hacked. The Cashio project team asked users to withdraw their funds from the pools and promised to publish the details of the incident soon. It is known that the attacker managed to withdraw about $28 million worth of cryptocurrency. He took advantage of a vulnerability that allowed the issuance of an infinite number of Cashio Dollar tokens. As a result, the token collapsed by 99.9%. Open / Comment

2022-03-22 11:00:47 ​​Ethereum protocol has burned over 2 million ETH since London hard fork was activated

Since the activation of the London hard fork in August 2021, the Ethereum network has burned over 2 million ETH worth more than $7 billion.
The London hard fork includes proposal EIP-1559, which involves burning a portion of transaction fees depending on network load and reducing gas price volatility.
On average, the protocol burns 6 ETH per minute. The NFT segment accounts for 35% of all destroyed coins or 701,597 ETH. Second place is occupied by DeFi services with 651,336 ETH (33%).
The coin burning mechanism is putting deflationary pressure on Ethereum. In theory, the emission of the second largest cryptocurrency by capitalization can become negative. Periods have already been recorded when the protocol removed more ETH from circulation over the course of several days than it issued. Open / Comment

2022-03-18 11:00:27 ​​Zuckerberg will add NFT to Instagram: crypto market news

Mark Zuckerberg confirmed plans that Instagram will soon add NFT, and the MetaMask wallet will issue its own token - these and other important news of the cryptocurrency market in our review.
NFTs could appear on Instagram in the coming months, Meta (NASDAQ:FB) founder and CEO Mark Zuckerberg said during the SXSW conference. In December, Instagram CEO Adam Mosseri revealed that the company was exploring the possibility of using non-fungible token technology. Mosseri called the NFT industry an interesting area in which the social network can help content creators.

The MetaMask wallet will issue its own token, Joseph Lubin, the head of the developer company Consesys, confirmed. He said that soon it is planned to launch a decentralized autonomous organization DAO, which will finance the development of the project. On March 15, Consensys announced that it had closed a $450 million round of D funding. The project was valued at $7 billion. In January, the number of active users of MetaMask exceeded 30 million per month. Open / Comment

2022-03-15 11:00:31 ​​The British regulator declared cryptocurrency ATMs in the country illegal and decided to close them

The UK Financial Conduct Authority (FCA) has declared all cryptocurrency ATMs in the country illegal and ordered them to close, reports the BBC.

According to the FCA, no company in the UK has been licensed to install cryptocurrency ATMs. The operation of all such devices should be immediately stopped, the regulator said, warning of possible measures otherwise.
Cryptocurrency ATMs look like ordinary ATMs, they allow people to buy digital currencies using bank cards. There are currently 81 such ATMs in the UK.
The FCA warns the British that the cryptocurrency market is not regulated, therefore, it is likely that consumers will not be protected in any way if, for example, they lose money. Open / Comment

2022-03-11 11:00:56 ​​Ethereum mining video cards based on mobile processors appeared in China

Goofish, a popular Chinese second-hand platform, has launched custom graphics cards that allow you to bypass Nvidia's mining limiter with a mobile processor.
The device is based on the GA106 GPU from the GeForce RTX 3060 Mobile, used in laptops. It has not been subject to Lite Hash Rate (LHR) blocking, is equipped with 30 streaming multiprocessors, and shows full performance at around 50 MH/s when mining Ethereum.

One listing for sale lists a truss based on nine of these models, which collectively deliver over 240 MH/s at a power consumption of 910 watts. Open / Comment

2022-03-08 11:00:05 ​Santiment: whales are accumulating USDT to buy bitcoin cheaply

Santiment analysts found an increase in the number of coins on large USDT addresses.

According to their observations, over the past month, the total value of stablecoins at addresses with a balance of 10,000 USDT to 1 million USDT increased by $1.06 billion. This is 2.7% of the total supply of "stable coins" from Tether.
The company is convinced that major players are seeking to acquire digital gold at a lower price. By accumulating stablecoins against the backdrop of a falling bitcoin, the whales are “increasing their purchasing power.”
Analysts also saw a net outflow of BTC from centralized exchanges “for 21 out of 26 weeks.” Open / Comment

2022-03-04 11:00:05 ​ETF based on the index of bitcoin companies from Charles Schwab: news of the crypto market.

The British regulator announced investigations against 50 crypto companies, Canaan announced its financial results for the fourth quarter - these and other important news of the cryptocurrency market in our daily review.
Cryptocurrency mining equipment manufacturer Canaan reported $342.8 million in revenue in the fourth quarter of 2021.

The growth of BTC in previous days allows us to count on reaching a psychological level of $50,000 in March. This forecast was published by Nigel Green, CEO of the consulting company DeVere Group.
One of the largest brokerage companies in the US, Charles Schwab, has filed an application with the SEC to launch an exchange-traded fund (ETF) based on its own "cryptoeconomics index". Open / Comment

2022-03-01 11:00:31 ​Bitcoin rises above $43,000, market capitalization returns to $2 trillion

Bitcoin quotes continued to grow and returned to levels above $43,000. At the moment, the price exceeded $44,000

Market capitalization has reached $1.99 trillion, having added over 11% in the last 24 hours (CoinGecko). The flagship trend was supported by all the cryptocurrencies of the top ten, said Nansen CEO Alex Svanevik:
“For the first time for me, the top 10 is starting to make sense.”

The Luna token of the Terra project became the leader of growth over the day - the coin has risen in price by more than 23%.
Avalanche (AVAX) is up 18.3% in 24 hours.

Over the week, of the largest cryptocurrencies by capitalization, only Ripple (XRP) did not show double-digit growth in percentage terms. The price of Luna added more than 75%.
As a result, Bitcoin closed the month up 12.2% after falling 16.7% in January. Open / Comment

2022-02-25 11:00:04 ​Bitcoin exchange rate fell by almost 10% per day

The cryptocurrency market continues its decline from last week: then the price of bitcoin reached $44 thousand. Since then, the cryptocurrency has fallen in price by more than 18%.
On January 24, the cost of bitcoin during the trading session fell below $35,000, which is the lowest value since the summer of 2021.
Earlier, Tokens.com CEO and co-founder Andrew Kiguel said that bitcoin could soon lose its position as a leading cryptocurrency and then disappear. In his opinion, the token, despite the largest crypto market capitalization, has long been outdated. Open / Comment