Best Crypto Traders Official

2022-01-18 11:07:36 ​Bahrain-based regulated bitcoin exchange raises $110M from Paradigm and others

Bahrain-based cryptocurrency exchange Rain Financial, licensed by the local central bank, closed a $110 million Series B investment round led by Paradigm and Kleiner Perkins.

Funding was also provided by Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO, and CMT Digital.
The platform will use the funds received to expand the team and improve the technical component. Also in the plans is expansion to the countries of the Middle East and Pakistan with obtaining licenses from local regulators. Currently, in addition to Bahrain, the company is also represented in Turkey and the United Arab Emirates.
The press release states that Rain Financial's customer base has reached 185,000 active users.
Cryptocurrency exchange founded in 2017. After two years in the regulatory sandbox, Rain has been licensed by the Central Bank of Bahrain, becoming the first regulated trading platform for cryptoassets in the region.
Recall that a year ago, Rain Financial raised $6 million from MEVP Capital and others.
In the same month, another cryptocurrency exchange CoinMENA received a license from the Bank of Bahrain and a Shariah Compliance Certificate from the Shariyah Review Bureau (SRB).
In December, Binance received approval to work in Bahrain. Open / Comment

2022-01-14 11:00:08 ​Elon Musk announced the start of sales of Tesla merchandise for Dogecoin

Tesla has begun selling certain products for the meme-cryptocurrency Dogecoin (DOGE), CEO Elon Musk said. Amid the announcement, the price of the asset rose by 15%, according to CoinGecko.

Some products on the website of the manufacturer of electric cars can only be purchased for cryptocurrency. At this stage, buyers are not given the opportunity to choose a form of payment.

A page appeared on Tesla's support subsite stating that the company only accepts Dogecoin for payments. The manufacturer does not support other digital assets and emphasizes that senders of incorrect transfers will lose their money.

The fact that Tesla was testing payments in DOGE was noticed by Twitter users a few days ago. They discovered a hidden code indicating the company's plans to integrate payment in cryptocurrency. Open / Comment

2022-01-11 11:03:21 ​Cryptocurrency Fear and Greed Index is at the extreme level

The cryptocurrency sector has had a difficult start to 2022. “Bitcoin and most of the top 10 major altcoins started the year in the red, amid dominant downward pressure and the cryptocurrency Fear and Greed Index hit the 15 mark, indicating extreme fear,” said Alejandro Sala, regional manager for Bitpanda in Spain.

Analysts have warned of the importance of the conflict in Kazakhstan for the sector. “Kazakhstan has quietly become the world leader in bitcoin mining, second only to the United States in terms of mining after the recent crackdown on mining in China,” explained Simon Peters, cryptocurrency analyst at eToro. Open / Comment

2022-01-07 11:00:05 ​ Prices of major cryptocurrencies are falling after the publication of the FRS protocol.

The price of the world's major cryptocurrencies is falling today after the publication of the minutes of the December meeting of the Federal Reserve System (FRS), which showed the "hawkish" attitude of the US Central Bank.

The bitcoin rate by 17:23 Moscow time decreased by 1.53% to $ 42,950, according to CoinDesk data. Ether (Ether), the second largest cryptocurrency by capitalization after bitcoin, by this time has fallen in price by 4.5% to $ 3,396.96.
Since the beginning of the year, Ether has lost 9.2% of its value, while Bitcoin has lost 7.5%.
"The participants in the meeting generally noted that, given their own forecasts for the economy, labor market and inflation, a faster than previously expected rate hike or faster rate of its hike may be required," said the Fed's minutes released Wednesday.

Bitcoin hashrate dropped due to internet shutdown in Kazakhstan.

On January 5, amid ongoing protests in Kazakhstan, there was a complete shutdown of the Internet, including for wired operators. According to NetBlocks, the shutdown continued on January 6, as confirmed by the local newspaper Vlast.

According to the GlobalCheck project, on Wednesday, in most of the country, the Internet did not work for more than five hours.
Several wired and mobile providers continued to provide customers with network access. In Almaty, the wireless connection is still disabled for most operators. Open / Comment

2022-01-04 11:01:17 ​Dan Larimer promised to release "killer app" based on EOS

Block.one co-founder Daniel Larimer has pledged to deploy a "killer app" in 2022 to make EOS a platform for building and growing DAOs.

According to him, over the past two weeks "a lot of amazing things have been done." His team will need a little time to finalize the white paper and branding.
Larimer also expressed his gratitude to the community members who contributed to the development of related projects.

According to Messari, the once-top-rated EOS is ranked 51st in terms of market capitalization.
The growth of the cryptoasset for the year was about 20%.

We will remind, in March, Daniel Larimer introduced the decentralized social network Clarion. Open / Comment

2021-12-28 11:00:03 ​Ripple supporter accused SEC of bias against XRP token.

The US Securities and Exchange Commission (SEC) has shown more loyalty to Ethereum than to Ripple's XRP token. This is the conclusion reached by the team of the law firm Deaton Law Firm, led by founder John Deaton.

On December 27, Deaton published a thread in which he set out a number of facts to support his position. According to him, on December 13, 2017, William Hinman, who was then the head of the corporate finance department of the department, and Joseph Lubin, CEO of ConsenSys, held a meeting that “did not concern the Ethereum ICO”, ​​but became “the beginning of a very mutually beneficial 'union'”.

“On January 25, 2018, SEC Chairman [Jay] Clayton met with Chris Dixon of Andreessen Horowitz (a16z) to gather select industry players and submit a paper on how the regulator should deal with digital assets,” wrote the founder of Deaton Law Firm. Open / Comment

2021-12-25 11:00:06 ​Ethereum's Creator Made One of the Most Notable New Billionaires.

Ethereum creator Buterin named among Forbes Most Notable New Billionaires

According to Forbes, Buterin's fortune is approximately $ 1.3 billion. The publication also notes that he either dropped out or was again included in the list of billionaires, such jumps are associated with fluctuations in the value of the cryptocurrency.
The capitalization of Etherеum at the moment, according to Coinmarketcap, is slightly less than $ 490 billion, and its rate has been growing by 3.4% over the past day, to $ 4,093 thousand. Open / Comment

2021-12-21 11:00:03 ​Stronghold Raises $ 54 Million and Purchases 9,080 Bitcoin Miners.

American mining company Stronghold Digital Mining has entered into four separate agreements to acquire 9080 ASIC miners for bitcoin mining from Bitmain and MicroBT.
The first batch of 4,800 devices with a total hash rate of about 426 PH / s is expected to be delivered by the end of 2021 or early January 2022. The purchase price was about $ 35.7 million - about $ 84 for 1 TH / s.
The remaining 4,280 miners were received by the firm under a profit-sharing agreement with its current partner, infrastructure provider Northern Data. Stronghold called the commercial terms of the deal "very favorable."
According to a press release, the company has collectively purchased or installed over 54,000 Bitcoin mining devices with a combined hash rate of approximately 5.2 EH / s.

“In our third quarter financial statement, we told investors that we will continue to purchase miners from various sources in accordance with the expected return on investment and available capacity. This is exactly what we have been doing over the past two weeks”, said Greg Beard, Co-Chair and CEO of Stronghold.

Separately, on December 15, the company entered into an agreement with NYDIG to finance approximately $ 54 million in equipment acquisition. The firm received an initial advance of $ 18.6 million. The principal outstanding debt is 9.85% and will be paid within 24 months.
Stronghold noted that the debt was due to the posting of collateral for the purchase of 12,000 miners from Bitmain. Open / Comment

2021-12-18 11:20:13 ​ SEC postponed decisions on Bitwise and Grayscale applications to launch Bitcoin ETF.

The US Securities and Exchange Commission (SEC) has postponed until February 2022 a decision on applications from Bitwise Asset Management and Grayscale Investments to launch spot Bitcoin ETFs.
Approval or rejection of the application in the first case is expected on February 1, in the second - on February 6.
Bitwise Asset Management sent the documents on October 14 and withdrew its Bitcoin futures offer in November.
Grayscale Investments filed an application for converting a Bitcoin trust into an ETF based on the first cryptocurrency on October 19.

Grayscale Investments filed an application for converting a Bitcoin trust into an ETF based on the first cryptocurrency on October 19.
What is Bitcoin ETF?
1 What is ETF? An Exchange Traded Fund (ETF) is an index fund whose shares are traded on an exchange. In fact, an ETF is a type of security that acts as a certificate for a portfolio of stocks, bonds, commodities or cryptocurrencies. The price of this security follows the index based on certain underlying assets. In the USA, for the registration of the ETF-provider ... Open / Comment

2021-12-14 11:00:05 ​Myanmar's alternative government recognizes Tether as the official currency

A group of supporters of the ousted leader of Myanmar Aung San Suu Kyi recognized Tether (USDT) as a means of payment. The government of national unity has begun raising funds for a campaign aimed at overthrowing the military regime, Bloomberg writes.
Opposition finance minister Ting Tung Naing wrote on Facebook that the USDT will "facilitate and accelerate trade, services and payment systems."

In May 2020, the Bank of Myanmar outlawed cryptocurrencies, threatening violators with fines and imprisonment, the publication specifies.
In September, an alliance of pro-democracy groups and Aung San Suu Kyi's cabinet declared war on the regime of Commander-in-Chief Min Aung Hline. This led to an escalation of clashes between the military and resistance groups. Open / Comment