Best Crypto Traders Official

2022-02-22 11:00:10 Bulgarian Stock Exchange Lists ETN Based on Bitcoin and Ethereum.

The press release states that the BSE has followed the lead of European exchanges. The initiative is being implemented jointly with Deutsche Börse and market maker Tradegate.
ETN is compliant and will allow customers to invest in cryptocurrencies without the need to create and store keys. The instruments are denominated in euro. Trades are held during the regular session on the BSE.
“We are responding to the increased market interest in crypto-instruments,” explained the head of the exchange, Manyu Moravenov.
According to the publication, Finance Minister Assen Vassilev said earlier that the country is exploring options for introducing a crypto payment mechanism “in the short and medium term.” The issue is being discussed with the Central Bank of the country and representatives of the industry. Open / Comment

2022-02-18 11:00:12 ​US launches investigation into Binance.

The SEC will study how the crypto exchange discloses to customers the affiliation of these companies with Zhao. The sources also reported concerns from the Binance.US legal and compliance team regarding the origin of funds from Sigma Chain AG and Merit Peak Ltd.
The Binance website states that companies associated with the crypto exchange can transact on the trading platform, but the name of these companies is not indicated. The representative of Binance.US noted that the exchange should not disclose information about investors and corporate culture, but can transfer this data at the request of regulators.
In 2021, Binance faced pressure from financial regulators more than once. In August, the crypto exchange restricted access to a number of products for residents of South Korea and Malaysia.
In July, she warned that she would stop trading in cryptocurrency derivatives in Europe. Also, the crypto exchange has become a defendant in investigations in Thailand, Singapore and the Cayman Islands. Open / Comment

2022-02-15 11:00:08 ​The total cost of M&A in the field of cryptocurrencies has grown 50 times.

The total value of mergers and acquisitions (M&A) transactions in the field of crypto assets in 2021 increased 50 times and reached $55 billion compared to $1.1 billion a year earlier, according to a PwC report.

Their number increased to 393 from 118, and the average size - to $179.7 million from $52.7 million. At the same time, several mega-deals worth more than $1 billion were concluded last year, while in 2020 there were none.
“The largest and most developed crypto companies have become more actively involved in mergers and acquisitions - this is a sign that the crypto industry market is becoming more mature and the sector is beginning to consolidate,” the message says. Open / Comment

2022-02-11 11:54:50 ​EOS Network Foundation intends to sue $4.1 billion from Block.one

“We are taking further steps to hold B1 accountable for its past actions and broken promises regarding EOS. All available legal avenues are currently being considered to secure $4.1 billion in damages. Let's do it together! #4BillionDAO is approaching,” wrote the head of the organization, Yves La Rose.

The blog reports that the EOS Network Foundation is partnering with an unnamed Canadian law firm "to investigate Block.one's past activities" and determine "available legal remedies."
Block.one raised $4.2 billion in ICO in 2018.

For supporting the project, the company was supposed to pay 100 million EOS (about 10% of the issue) over 10 years. According to the EOS Network Foundation, in the following years, the community became frustrated with Block.one's commitment to the blockchain in terms of real-life use cases. Open / Comment

2022-02-08 11:00:05 ​KuCoin CEO: Ethereum has a chance to overtake Bitcoin in dominance.

In honor of the Lunar New Year, the head of the KuCoin crypto exchange, Johnny Liu, shared his vision of the digital asset industry trends and forecasts for 2022. He told what to expect from the market, how to keep savings during inflation, and why there is so much talk about the metaverses.
Johnny Liu prefers not to give financial advice, but he believes that it is never too late to invest in cryptocurrencies.

Liu draws attention to the decrease in the capitalization of the first cryptocurrency relative to the entire market.

“Bitcoin dominance index is now 42%. Most innovative projects are launched on Ethereum, and I believe that in the long term it will pull ahead,” he explains. Open / Comment

2022-02-04 11:00:09 ​Auditors Confirm $19 Billion in Bitcoin and Ethereum on Kraken's Balance Sheet

Cryptocurrency exchange Kraken has passed an audit of reserves (Proof of Reserves) by the consulting firm Armanino. The platform has $19 billion in bitcoin and Ethereum on its balance sheet, the rest of the digital assets were not taken into account.
According to the press release, this amount includes $3.5 billion locked in ETH 2.0 staking.

Kraken users also have the ability to reconcile their own accounts with audit results. For this, the platform introduced a special tool. Open / Comment

2022-02-01 11:02:50 ​JPMorgan BTC valuation and NFT trading volume.

NFT trading volume in January reached a record $6.86 billion, and the head of El Salvador called the growth of bitcoin a matter of time - these and other important news of the cryptocurrency market in our daily review.
Maintaining high volatility limits institutional adoption of BTC, JPMorgan said. This is how experts explained the decline in the fair value of the first cryptocurrency from $150,000 to $38,000.
The UN Children's Fund has called for the inclusion of cryptocurrencies and digital assets in online child protection initiatives due to the threats posed by their unregulated nature.

Users of Visa-based cryptocurrency cards (NYSE:V) conducted transactions worth $2.5 billion in October-December 2021, CNBC writes.
The President of El Salvador, Nayib Bukele, said that due to the limited emission of BTC, the rise in the price of the asset is only a matter of time. Open / Comment

2022-01-28 11:02:51 ​Glassnode: the share of “whale” bitcoin transactions remains high

In the structure of the value transferred on-chain, 65% are bitcoin transactions worth $1 million or more. Similar calculations were made by Glassnode analysts.

Experts emphasized that the trend began in October 2020, when the price of the first cryptocurrency fluctuated in the range of $10,000-$11,000.

The growing interest of institutional clients in digital gold can also be seen in the dynamics of receipts to funds based on digital assets.

Earlier, Glassnode analysts stated that the share of long-term investors in the total supply of bitcoin exceeded 80%.
Recall that in November, the financial conglomerate Citigroup announced the launch of a division focused on cryptocurrencies within the institutional client service group. Open / Comment

2022-01-25 10:59:49 ​Luxor launches Ethereum mining pool.

The American mining company Luxor Technology announced the launch of a mining pool aimed at mining the second largest cryptocurrency by capitalization.
Miners can extract Miner Extractable Value. The pool itself is optimized for the detection of uncle blocks and is compatible with the Catalyst service - it allows you to receive payments in bitcoin.

According to the press release, Luxor Technology is working with large institutional miners, including Hut 8, and several retail players in the North American market.
In May 2021, developer Carl Bichzeizen predicted that after Ethereum's rejection of Proof-of-Work, the electricity costs to maintain the network could be reduced by 2000 times.
Recall that at the beginning of 2022, Luxor Technology launched a service for trading equipment for bitcoin mining. New and used ASIC miners, GPUs and device parts are available on the platform. Open / Comment

2022-01-21 11:02:45 ​Coin Metrics: activity on crypto exchanges has shifted from China to the US

The ban on mining and the blocking of crypto-platform operations by banks in China led to a reduction in the share of local bitcoin exchanges in favor of US-based competitors. Analysts at Coin Metrics came to these conclusions.

Huobi, the largest in the region, accounted for 15% of trading volume on the Bitcoin spot market at the beginning of the year. By the end of the year, the figure had halved. The weakening positions allowed FTX to increase its market share from 1% to 10%, Coinbase - from 9% to 14%.

A similar situation has developed in the spot trading of Ethereum. To a lesser extent, this affected the OKX exchange.

The decline in the performance of Chinese exchanges is also confirmed by the analysis of the relative share of BTC and ETH balances on Huobi.

In the context of pairs of digital currencies against fiat, Coin Metrics found a surge of interest from crypto investors from Turkey. Analysts attributed this to a jump in inflation in the country. In December, in annual terms, it reached 36%.
Against the backdrop of the devaluation of the Turkish lira, the volume of trading in crypto assets denominated in it on Binance in 2021 reached $160 billion. Turkish citizens showed the greatest demand for stablecoins BUSD ($7 billion) and USDT ($36 billion). Open / Comment