Crypto LVL

2021-04-26 19:00:46 Buy, sell and withdraw crypto with zero fees!


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2021-04-25 20:00:42 ​​UK Banks Getting Tough on Bitcoin, But AML Rules Are The Real Problem.

NatWest, the UK retail bank, has announced it will not engage with business customers who accept payment in bitcoin or other cryptocurrencies. It follows recent announcements from HSBC that it won’t allow transfers from digital wallets and won’t enable customers to buy shares in companies associated with cryptocurrencies, such as Coinbase or MicroStrategy.

The feeling from both banks is that cryptocurrencies are high risk and therefore justify a cautious approach, though they note that their stance could change if and when regulation evolves.

Interestingly, this is not a view shared by institutions across the Atlantic. Both Morgan Stanley and Goldman Sachs are now offering their wealth management clients the opportunity to invest in bitcoin. Indeed, the initial uptake has been strong, with Morgan Stanley alone drawing in nearly USD 30m of investment in two weeks.

Why the caution?

The cautious approach of NatWest and HSBC stems from the 2012 recommendations of the Financial Action Task Force, a G7 initiative geared towards defeating money laundering. These recommendations mandate each member state to implement measures requiring their banks to scrutinize customers’ transactions for the purposes of money laundering and terrorist financing.

Under recommendation one, the anti-money laundering (AML) framework is to be applied on the basis of perceived risk. In other words, if a transaction or business activity is perceived to be more risky than usual, it needs closer scrutiny by the bank to ensure compliance with the framework.

This increases the strain on bank resources to verify that a transaction or business activity is safe to continue, but they also face large fines for non-compliance where there are deficiencies in their implementation of the framework or if things go wrong.

NatWest and HSBC are no strangers to being under the spotlight for compliance issues. HSBC was fined USD 1.9bn by US authorities in 2012, while NatWest faces charges over significant compliance breaches in the UK. While these charges relate to traditional money-laundering compliance breaches, perhaps it goes some way to explaining the caution of the two banks. Open / Comment

2021-04-22 20:30:00 ​​Ethereum Hits New ATH, Altcoins Gain, Bitcoin Still Consolidates.

Bitcoin price started recovering above the USD 54,000 level. BTC traded above the USD 55,000 and it is currently (13:05 UTC) showing positive signs. However, it is likely to face resistance near USD 56,500.

Besides, most major altcoins are rising steadily. ETH is outperforming, with a strong move above the USD 2,500 level. XRP/USD is stable above the USD 1.300 level and it might rise towards USD 1.35.

Bitcoin price
There was no major downside break in bitcoin price below USD 54,000. BTC started an upward move and it climbed above the USD 55,000 level. On the upside, the bulls are facing a major resistance near the USD 55,500 level. If there is an upside break above USD 55,500, the price could visit the USD 56,500 resistance zone.
On the downside, the USD 54,400 level is a short-term support. The key breakdown support is now forming near the USD 54,000 level.

Ethereum price
Ethereum price rallied over 10% and it broke the USD 2,500 level. ETH/USD traded to a new all-time high above USD 2,570 and it seems like there are chances of more upsides. A clear break above USD 2,600 could accelerate gains in the near term.
If there is a downside correction, the price might find bids near USD 2,520 and USD 2,500. The next key support is near USD 2,450, where the bulls might take a stand.

BNB, ADA, DOGE, and XRP price
Binance Coin (BNB) is now trading above USD 550. BNB is testing USD 565 and it might continue higher towards the USD 580 level. Any more gains could open the doors for a surge above the USD 600 resistance zone.
Cardano (ADA) is gaining pace and it is now trading above USD 1.220. If ADA clears the USD 1.245 level, it could rise towards the USD 1.285 resistance. The main resistance stands near the USD 1.300 level. Conversely, the bears might take control if there is a close below USD 1.200.
Dogecoin (DOGE) is down over 10% and it declined below the USD 0.300 level. It broke the USD 0.280 support and any more losses could lead the price towards the USD 0.20 level.
XRP price is showing a few positive signs above the USD 1.300 support zone. On the upside, the USD 1.332 level is a short-term resistance. The first key resistance is near USD 1.350, above which the price could surge towards the USD 1.40 level. On the downside, the USD 1.280 level might provide strong support. Open / Comment

2021-04-19 20:00:49 ​​‘Alarm’ Rings as Crypto Trading Outpaces Stock Market in South Korea.

South Korean crypto trading volumes have outperformed stock market activity for the first time in the nation’s history, with crypto trading gathering pace at a rate some find “alarming.”

Media outlets such as Yonhap and Segye Ilbo, as well as Kyunghyang Shinmun reported that on April 15, crypto trading volume figures peaked at USD 21.5bn per day.

The combined daily total for the stock market – the KOSDAQ market plus the sum of the South Korean securities markets and South Korean traders’ activities on overseas markets – reached USD 18.8bn on average in March. April figures are not yet available.

The media outlets stated that the USD 21.5bn total had been calculated using CoinMarketCap data from 14 domestic exchanges that support fiat KRW-crypto pairings.

Stock market trading has also boomed during the pandemic, with the benchmark KOSPI’s volatility index (VKOSPI), known as the “fear index,” falling to its lowest level since the end of January 2020.

Segye Ilbo reported that the market has been buoyed by big overseas stock buys on the KOSPI, particularly in the field of semiconductors, with overseas investors keen to tap into South Korea’s large chipset market.

However, it appears that many – including some industry insiders – still feel the crypto market is being allowed to swell without appropriate guidance from the government.

Yonhap quoted Lee Jong-gu, a former member of the regulatory Financial Services Commission, and the current chairman of the Korea Blockchain Association’s self-regulatory committee, as stating,

“Even though millions of South Korean crypto investors conduct transactions of volumes worth tens of billions of dollars a day, we still have no consistent and unified regulation on cryptoassets.” Open / Comment

2021-04-18 12:01:09 100x Gains Incoming? DFY is about to list on HotBit.

This new DeFi and NFT project has the potential to grow exponentially in the coming months.

The DeFi For You (DFY) platform lets users offer and receive peer-to-peer loans, staking crypto or NFTs as collateral. The project is run by the former founder and tech team leader of Travala (AVA), and is already gaining traction since its IDO in January.

DeFi and NFTs have been the hottest things in crypto in 2021 and for good reason. Both sectors have the potential to create massive real-world change, allowing millions of underbanked to receive access to loans, and changing the way we verify ownership on the blockchain.

DeFi For You combines these two powerful trends to create something that the everyday person can access and use to make passive income.

Don't miss out on DFY's HotBit listing!

Getting into a project early and hodling is the best way to make those massive 100x gains!

Follow:
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Telegram Open / Comment

2021-04-16 20:00:57 ​​Bitcoin Hashrate Drops After China Coal Mine Explosion; Difficulty at ATH.

A coal mine explosion in Xinjiang, an autonomous region of China, may have led to a Bitcoin (BTC) hashrate drop at a time when Bitcoin mining difficulty went for a new all-time high.

Primitive Ventures co-founder Dovey Wan said that there was a coal mine explosion in northwest China's Xinjiang region which led to a "major" power outage. Per Wan, results of this incident included all data centres being shut down and an instant drop in Bitcoin hashrate, the computational power of the network.

Per Reuters' report from April 11, twenty-one miners were trapped in a flooded coalmine. A section of the mine filled with water, leading to power outages. Per an April 14 CCTV report, as well as Bloomberg's report yesterday, the rescuers were still working on saving the trapped miners, as well as draining the floodwater.

Per Wan, the "coal mine explosion is considered top level security incident leads to central authority’s scrutiny on individual mining operations and related local government agencies. Hence the cut off is under going amidst the central authority’s on-site inspections."

The current Bitcoin hashrate at 169 EH/s, down from 208.5 EH/s recorded late on April 15 - an 18.65% drop. It's still not as low as 143.2 EH/s seen just a day prior, on Wednesday.

Meanwhile, just yesterday, bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, hit a new ATH as well. The difficulty went up 1.92%, reaching 23.58 T. Open / Comment

2021-04-15 14:12:51 ​​ LPN TOKEN is a digital decentralized fintech revolution based on ERC20 protocol of Ethereum blockchain. It is one of the most ambitious projects of the LUXURIOUS PRO NETWORK TOKEN GROUP, a global leader in the domain of luxury transportation and forex trading services. All registered users can leverage the financial potential of this decentralized token in all walks of life.

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The token has successfully added multiple feathers to its cap so far. The list includes but is not limited to the following only:
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This is why LPN TOKEN is already being utilized and circulated on many platforms already. The team LPNT plans on taking the utilization, circulation and demand and supply to the next level by manifolds. This could be possible only with the help of its attributes like a decentralized cryptocurrency wallet, vault, forex trading and decentralized payment gateway.
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2021-04-14 16:24:22 Apollo Pump Signals
The official Apollo pump signals-bitcoin investment channel
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2021-04-13 20:00:50 ​​Luno Hits the 7M Users Milestone, 'On Track' to 1B by 2030.

London-headquartered crypto platform Luno said it reached 7m customers worldwide, adding a million in less than two months, with the business growing exponentially as the interest in cryptoassets grows.

Per the company, in January 2021, they recorded a 60% increase in the number of app installs compared to December. Compared to January 2020, they saw over 300% growth year-on-year.

"In 2021, we expect to continue this exponential growth, on track to reaching our goal of 1 billion customers by 2030," Marcus Swanepoel, CEO and Co-Founder of Luno, was quoted as saying in an announcement.

In September 2020, as reported, Luno was acquired by US-based major crypto company Digital Currency Group (DCG), following an initial investment in Luno back in 2014. Since the acquisition, the number of active Luno users has increased by 167%, and the number of app installs has increased by 119%.

As of January 25, the average Luno user held over USD 7,000 in their wallet, which is up 56% from December 30, 2020.

"Luno’s expansion is telling of the bigger-picture market demand for cryptocurrencies globally," the company said, "as the industry continues to prove its reputation as building a sustainable financial infrastructure."

While infrastructure in certain parts of the world could not previously support the crypto market, this has improved "substantially," Luno said, and they themselves worked on these developments, particularly in major African economies and Asia-Pacific. In 2020, the platform provided 4.7m Africans and 1.1m Asians access to the crypto markets, they claimed, growing its African customer base by 2.3m and its Asian customer base by 300,000.

Luno has offices in London, South Africa, Malaysia, Indonesia, Nigeria, and Singapore, and customers in 40 countries. They said they've seen over 10% growth in staff numbers since March 2020. Open / Comment

2021-04-13 14:01:02 Catch an ingenious product for your portfolio: the airdrop of $ QDAO tokens is approaching - coins will be sent to all users of QDAO and Q DeFi Rating services who have contacted a secret bot.

This project will rock DeFi! How to get these tokens for free?

1. Jump into the group https://t.me/PlatinumQeng

2. Stay in the group and wait for the payment of free tokens

3. HOLD! potential growth x100!

What is the QDAO ecosystem? It is a cross-chain portfolio tool for Binance Smart Chain, Ethereum, HECO, Polkadot and Kusama blockchains, among other products. Open / Comment