BestChange ­– probably, the best exchange monitor or "don’t waste your time!"

[BestChange]

I very often use BestChange monitoring to find the most profitable crypto to fiat exchange rate.  In my opinion, this is the largest and most complete monitoring in the world.

Dear yurez1981, thank you for your kind words. We are very glad that you appreciate our service of helping find the best rates to exchange cryptocurrencies and fiat.
Stay tuned!

[BestChange]

 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.

[BestChange]

 Ethereum has risen in price by more than 14% in 24 hours

Ethereum price has risen by more than 14%. According to Coinmarketcap data at the time of writing, ETH is worth $1,406. “Ethereum's daily transaction volume is going parabolic. It now settles $12 billion in transactions daily - $3 billion more than Bitcoin, " Ryan Watkins, a researcher at the Messari analytical company, wrote on his Twitter account. The explosive growth of the cryptocurrency rate can be associated with the movements of stablecoins, a significant part of which is based on the Ethereum blockchain.

 Mark Cuban thinks Bitcoin may continue to rise

Billionaire and well-known Bitcoin critic Mark Cuban believes that the first cryptocurrency is able to continue to grow, like stocks in general, amid no increase in interest rates. The entrepreneur urged crypto enthusiasts to monitor the dynamics of interest rates. “All speculation about debt will get real ground if interest rates rise and by how much. That's when we will see how this affects the prices of all assets. Bitcoin is akin to any stock. Its price is determined by supply and demand, ”said the billionaire. In his opinion, the interest of institutional investors contributes to the growth of the BTC rate. About a year ago, Cuban stated that bitcoin "has no chance" to become a reliable currency in the future. "It [Bitcoin] is too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value," Cuban said in December 2019.

 Research: over 70% of central banks are interested in blockchain

According to a study by analyst firm Mindsmith, 74% of central banks are interested in blockchain technology. The experts came to such conclusions based on the results of a semantic analysis of publications of 191 central banks. As of the beginning of this year, they mentioned the blockchain 4408 times. More than 50% of mentions of the technology fall on 9 regulators. The undisputed leaders were the US Federal Reserve, the Bank of England and the European Central Bank. In addition, regulators from Singapore, Thailand, Tunisia, Germany, Portugal and Lithuania are included in the top ten by mentioning the technology.

[BestChange]

 Over the week, the flow of funds to the cryptocurrency market reached $1.3 billion

The inflow of funds into investment products based on cryptocurrencies last week reached a record $1.31 billion, according to the digital asset management company CoinShares. “We believe investors have been very price conscious this year due to the speed at which prices in bitcoin achieved new highs,” said investment strategist James Butterfill. CoinShares analysts believe that the new high may be related to the recent drop in the price of BTC. It is likely that investors took advantage of the decline in the exchange rate in order to buy cryptocurrency at a profitable price.

 Lloyd Blankfein: BTC prevents authorities from controlling the financial system

According to Lloyd Blankfei, the former CEO of Goldman Sachs, the authorities are obliged to tighten regulation of the cryptocurrency industry due to the rapid growth of this direction. The businessman pointed to the "pseudo-anonymity" of digital assets, which makes bitcoin a convenient tool for financing illegal activities. “You don't know whether or not you're paying the North Koreans or Al Qaeda or the Revolutionary Guard. If I were a regulator, I would be kind of hyperventilating at the success of it at the moment and I'd be arming myself to deal with it, ”Blankfein said. In his opinion, the duty of regulators is to limit the freedom that digital coins provide. At the same time, Blankfein doubts that after the tightening of control and, as a result, the loss of anonymity, bitcoin will continue to be in great demand.

[BestChange]

 Opinion: Bitcoin will not hold at the $30,000 level

Scott Minerd, chief investment officer of Guggenheim Partners, is confident that the price of the main cryptocurrency will be dropping. In a comment to Bloomberg, he said that he doubted BTC's ability to hold on to the $30,000 mark. “Right now, the reality of the institutional demand that would support a US$35’000 price or even a US$30’000 price is just not there. I don’t think the investor base is big enough and deep enough right now to support this kind of valuation, ” Minerd said. In his opinion, BTC will remain a viable asset in the long term, but in the near future, the pressure on the price of bitcoin may increase.

 Developing country regulators to issue government stablecoins in the coming time

According to BIS (Bank for International Settlements) analysts, regulators from different countries are actively exploring the question of issuing government tokens. Their mass launch will be in developing countries, analysts say. In the third annual BIS survey, in which 65 central banks participated, 86% of those surveyed said they were considering the pros and cons of issuing their own cryptocurrencies. In 2020, this figure was 80%. About 60% of regulators are already experimenting with government digital currencies. “This research is evidenced by the launch of the first real government cryptocurrency in the Bahamas. Others are likely to join this pioneer. Central banks, which together represent a fifth of the world's population, are likely to issue general-purpose government cryptocurrencies in the next three years,” the report said.

 8,000 BTC, which were mined about 10 years ago, belong to Coinbase

Eight batches of 1,000 BTC each, which have been in motion for the first time since 2010, are owned by Coinbase or related companies. This version was published by the Goldfoundinshit Telegram channel. “Yesterday the next, eighth batch of 1,000 BTC, moved, which lay on the wallets broken by 50, has not moved since 2010. I have previously suggested that these bitcoins belong to Coinbase. Now I am absolutely sure of this, ” wrote the author of the channel. According to the results of the on-chain analysis, as before, 1,000 bitcoins were accumulated in tranches of 50 BTC at separate addresses from 20 wallets. “As you can see, first there is a consolidation of 20 wallets of 50 per address – 1,000 BTC then, this 1,000 is scattered in batches of 10 BTC into original ones, let's call them“ pockets ”for withdrawal. The same thing happened during the movement of the previous parties. Sometimes one or two transactions with large amounts of BTC went from a wallet with 1,000 BTC, apparently for some VIP users, ” the author noted.

[BestChange]

 The number of active BTC addresses reached 22.3 million in January

During the first month of this year, the number of unique active BTC addresses amounted to 22.3 million. The growth occurred against the background of an increase in the activity of traders and the price of bitcoin, which exceeded the $42,000 mark. “In January, more than 22.3 million unique addresses were active in the network sending or receiving $BTC – the highest monthly number in Bitcoin's history to date,” Glassnode said. According to the company, January became a record for the number of active Bitcoin addresses. The previous record was reached in December 2017. The number of active addresses was 21 million. Since 2017, the number of active BTC addresses has not dropped below 10 million per month.

 Economists criticized the idea of issuing government cryptocurrencies

Economists Peter Bofinger and Thomas Hass believe that government tokens issued as a medium of exchange may not compete with private banks. Experts believe that regulators need to focus on the concept of supranational cryptocurrencies that will become a store of value in the international system. Economists admit that the best type of government cryptocurrency is one that regulators are unlikely to think about for fear of rejecting intermediation. It will be a government-owned cryptocurrency designed not to facilitate payments, but to save the value. “The demand for a store-of-value CBDC would come from firms and large investors with bank deposits of more than €100,000, which would be bailed-in in the case of a bank restructuring. From the user perspective, this demand would depend on the interest rate for such deposits. Central banks could auction store-of-value deposits which would give them a perfect control over their amount,” the researchers noted.

 SEC accused three leaders of the Bitcoiin2Gen crypto project of defrauding investors

The SEC has accused three leaders of the closed crypto project Bitcoiin2Gen of defrauding investors. In 2018, the company held an ICO for $11.4 million, with Steven Seagal as the face of its advertising campaign. The SEC believes that the creator of Bitcoiin2Gen Christian Krstic and the promoter of the project John DeMarr violated securities laws during the ICO, and the company's partner Robin Enos "was engaged in aiding and abetting." The defendants promised to distribute to 460 investors a B2G token, which, according to the SEC, never existed. The scammers promised a “mined” and “traded” digital token.

[BestChange]

 Dogecoin soars more than 50% after Elon Musk's tweet about the token

Doge has risen in price by more than 50% after the of a series of tweets by Elon Musk. Half an hour after the first message, the Tesla founder posted a picture in which he raises a coin symbol above his head, with the words "welcome". In the next tweet, Musk called Doge "the people's cryptocurrency." “No highs, no lows, just Doge,” the entrepreneur wrote in the fourth post on the token. Doge continues to grow, according to Coinmarketcap. At the time of this writing, the cryptocurrency has risen in price by 63%, reaching $0.053.

 Ethereum has overcome the level of $1,600

The Ethereum price has renewed its all-time high, reaching $1,621. Over the course of the day, the crypto coin has risen in price by 5%, and in 7 days - by 26%. Analysts believe that the growth of the cryptocurrency is due to the launch of Ethereum futures on the Chicago Mercantile Exchange. It is set for February 8th. At the same time, analysts warn of the risks of a decline in the price of ETH. “For all you know, major players may be looking to get long exposure through futures, now that there is an institutional-grade product to do so. Smart traders moved to Ether when Bitcoin topped out around $40,000 and have made more money,” said Vijay Ayyar, head of the Asia-Pacific division of the Luno exchange.

 Mark Cuban: The direction of decentralized finance and non-fungible tokens will be popular

Entrepreneur Mark Cuban believes that the direction of decentralized finance and non-fungible tokens (NFT) could become quite popular in the crypto market in the next decade. The billionaire also criticized the SEC, noting that the structure was founded by "lawyers for lawyers" to win cases, not make the right decisions. The entrepreneur believes that the SEC only cares about large investors. Cuban advises those who go into the negative to believe in their investments. He turned to the owners of BTC, who purchased bitcoins in the wake of 2017 and witnessed its strong fall. The hodlers didn't sell cryptocurrency because they believed in it.

[BestChange]

 Institutional investors prefer ETH

According to CoinShares, the inflow of institutional investors' funds into the crypto market in the first week of the second month of the year amounted to $245 million. 80% of this volume was invested in ethereum. Analysts believe large investors are starting to diversify their crypto portfolios. They transfer part of the funds from BTC to ethereum, and other coins. At the same time, nothing indicates profit-taking. Investors buy and save cryptocurrency. “We think that investors looking for diversification are becoming more comfortable investing in ethereum. The inflow of funds into bitcoin is gradually decreasing, ” analysts noted.

 Bitcoin tested the $48,000 level

The main crypto coin has updated the all-time high on the Binance crypto platform. It has risen above $48,000. During the day on February 9, the coin grew by 23%. Its market capitalization exceeded $892 billion. The value of BTC is breaking records amid news that Tesla has invested $1.5 billion in bitcoin. Representatives of the company said that in the "near future" it will accept payment in cryptocurrency. Well-known trader Peter Brandt wrote that despite the hype around digital gold, the uptrend in price "looks healthy compared to the end of 2017".

 Brian Brooks: Tesla's investment in bitcoin is awesome news

Former head of the Office of the Comptroller of the Currency, Brian Brooks said the information about Tesla's investment in BTC is exciting news. Although, the ex-official believes, for those who have not previously invested in cryptocurrency, "it looks somewhat alarming". “That's crazy, right? The way inflation works is the more of asset you have the less valuable it is. That would explain why a lot of institutions want to have bitcoin sitting in their treasury because it's a lot more stable source of value over the long haul, potentially, ” Brooks said.

[BestChange]

 Mastercard to start working with cryptocurrencies in 2021

Already in 2021, Mastercard plans to start working with cryptocurrencies. The specific coins have not yet been named. However, it is known that the system will only support stablecoins backed by real assets. The company said in a statement that digital currencies must guarantee stability "so that people can use them for day-to-day transactions, not investments." Clients of Mastercard already have the opportunity to make cryptocurrency transactions, but now the payment system will begin to independently process transfers. “Our philosophy on cryptocurrencies is straightforward: It’s about choice. Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value – traditional or crypto – however they want. It should be your choice, it’s your money, ” said Raj Dhamodharan.Executive Vice President, Digital Asset and Blockchain Products and Partnerships, Mastercard.

Elon Musk speaks out against custodial crypto wallets

Elon Musk believes that it is better for investors not to use the services of crypto wallets, which do not provide their clients with control over private keys. He wrote about this in a Twitter post from the custodian wallet operator FreeWallet, who used Musk's post on Dogecoin to advertise himself. "Your app sucks," wrote the head of Tesla. It turned out that the entrepreneur uses FreeWallet, and his account was automatically blocked by a security algorithm. Musk's account was then unblocked, but the developers of Ledger hardware wallets joined the discussion, taking the opportunity to advertise their decision. "Elon Musk is right, as long as you do not manage your private keys, you do not actually own your cryptocurrency," wrote the representatives of Ledger.

[yurez1981]

Elon Musk speaks out against custodial crypto wallets

Elon Musk believes that it is better for investors not to use the services of crypto wallets, which do not provide their clients with control over private keys. He wrote about this in a Twitter post from the custodian wallet operator FreeWallet, who used Musk's post on Dogecoin to advertise himself. "Your app sucks," wrote the head of Tesla. It turned out that the entrepreneur uses FreeWallet, and his account was automatically blocked by a security algorithm. Musk's account was then unblocked, but the developers of Ledger hardware wallets joined the discussion, taking the opportunity to advertise their decision. "Elon Musk is right, as long as you do not manage your private keys, you do not actually own your cryptocurrency," wrote the representatives of Ledger.

I completely agree with this opinion and think that it is possible that some centralized exchanges do not have enough cryptocurrency on their balances and they show us the drawn balance in the account. "Not your keys, not your coins"

[BestChange]

 Glassnode believes that "miners have reduced bitcoin sales, and investors are taking profits"

According to the research company Glassnode, miners have begun to accumulate reserves in bitcoins. Long-term investors, on the other hand, are trying to get rid of their assets in order to lock in profits. The Glassnode report says that in January, miners were actively selling almost all of the mined BTC, however, in February, the volume of sales decreased significantly. This could mean that miners are hoping for an increase in the value of bitcoin. “This suggests that miners have either completed adequate sales to cover costs, or could also mean they see Tesla's vote of confidence as fair reason to keep a strong grip on their treasuries," analysts say.

 Analysts: 5 services store more than 50% of cryptocurrencies that were obtained illegally

Chainalysis experts concluded that 55% of digital currencies that were obtained fraudulently or with the help of ransomware viruses are laundered through just 5 services. These services use about 270 unique deposit addresses. Analysts believe that the largest processors of illegally obtained crypto coins receive about $25 million a year. Serving such illegal transactions may be their main activity. Experts believe that suppressing the illegal activities of such deposit addresses will help shut down most of the infrastructure that now exists for laundering crypto assets.

[BestChange]

 BlackRock with $ 8.7 trillion in assets is interested in bitcoins

Investment company BlackRock, which manages assets totaling $8.7 trillion, is interested in the main crypto coin. The company's investment director Rick Rieder said BlackRock is already "doing a little bit" of digital currencies. “My sense is the technology has evolved and the regulation has evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up, ” said the entrepreneur. Rieder did not go into details of BlackRock's cryptocurrency strategy. However, it is known that the investment giant recently filed documents with the SEC. They say the company wants to include bitcoin futures in the investment portfolio of two of its funds.

 US authorities accused the creators of Coinseed of defrauding investors for $ 1 million

New York Attorney General Laetitia James has accused the creators of the cryptocurrency investment application Coinseed of fraud. The state prosecutor's office believes that entrepreneurs lured out $1 million from investors through hidden fees and implausible statements. The company also issued a CSD token, which actually "had no functionality" in the Coinseed app. The prosecutor's office intends to bring to justice not only the company, but also two of its top managers. The allegations are centered around the 2017 ICO of Coinseed. Coinseed, according to preliminary data, received about $100,000 through the sale of 200,000 CSD tokens. Also, the prosecutor's office is confident that the company was engaged in operations with cryptocurrencies without registering as a broker-dealer. “Attorney General James seeks to stop Coinseed and the two individual defendants from further operating as unregistered commodities broker-dealers through their mobile application, as well as return investments of Coinseed’s worthless cryptocurrency, the CSD token,” according to a press release from the Attorney General's Office in New -York.

[BestChange]

 OKCoin plans to delist Bitcoin Cash and Bitcoin SV

The largest cryptocurrency platform OKCoin has planned to delist Bitcoin Cash and Bitcoin SV. According to the CEO of Hong Fang, new users of OKCoin often come to invest in BTC, but by mistake, they buy BCH or BSV. Among other reasons for the failure of bitcoin forks - a controversial figure of the creator of BSV Craig Wright. The entrepreneur has already stated that it was he who created bitcoin. “This is not an easy decision. We had a choice and there is collateral damage, but we had to stand up for the bigger principle we believe in. On the one hand we feel very strongly about protecting the open-source ethos, but on the other, if we do something about it, that would conflict with our principle of being a neutral platform. We wouldn’t have changed that if it weren’t for Craig Wright posting these threats to the open-source dev community. We think these threats are very destructive to development and Bitcoin as a whole, "- Fang said.

[BestChange]

 Nassim Taleb considers Bitcoin adherents to be amoebas

Nassim Taleb, the author of the famous work "Black Swan" criticized the adherents of bitcoin. In his opinion, they "think in binary". “And the minute someone defines herself or himself as a "bitcoiner" like a national identity it becomes an irreversible ideological committment not an investment strategy. Actually it is a religion. You "belong" to a group of amoebas,” Taleb wrote on his Twitter page. Earlier, Nassim Taleb spoke out several times in support of the main cryptocurrency, and also criticized the conservative financial system. In early 2019, he gave a lecture in Moscow, where he voiced the key goal of bitcoin - "scare the bankers."

 Bill Gates fears bitcoin could harm the environment

In an interview with CNBC journalist Andrew Ross Sorkin, Microsoft co-founder Bill Gates pointed out that it takes quite a lot of electricity to confirm BTC transactions. However, he stressed “Bitcoin uses more electricity per transaction than any other method known to mankind, and, so, you know, it’s not a bad climate thing. If it’s green electricity and it’s not crowding out other uses, eventually, you know, maybe that’s okay. I don’t see the topic as deeply related even though you might label me a Bitcoin skeptic, ” said the billionaire. In addition, he said that the Gates Foundation is currently developing its own digital currencies. According to the entrepreneur, they will have “ultra-low” transaction fees.

[BestChange]

 Investors demanded compensation for $100 million for Pavel Durov’s failed blockchain project

Investors are ready to sue Pavel Durov’s TON Inc. project. and Telegram Inc. Representatives of the Da Vinci Capital fund sent a letter to the founder of Telegram and his team in which they demanded damages recovery in the amount of $100 million for the failed cryptocurrency project, according to Forbes that cites sources. The notice states that failure to compensate for damages will result in litigation in the UK. The defendants will be not only Pavel Durov, but also other top managers and lawyers of TON. We would like to remind the reader that in mid-2020, Pavel Durov announced the closure of his TON blockchain project. This was due to a court decision that agreed with the SEC's position and prohibited the transfer of Gram tokens to platform investors. Earlier, the project attracted $1.7 billion from 171 investors.

 American financier approved BTC as an investment asset

Jurrien Timmer, Director of Global Macro at Fidelity Investments, shared his vision of the prospects for the main cryptocurrency as an investment asset. A top manager of the company suggested considering BTC a form of "digital gold" and using it to hedge inflation risks. “In my view, bitcoin has evolved to the point that it could be treated as a form of digital gold…a possible counterweight to future monetary inflation,” Timmer tweeted. A top manager at Fidelity Investments, analyzing the nature of bitcoin, noted that the demand for this asset continues to grow "exponentially", while the supply remains unchanged. This scenario cannot be applied to gold, the annual production of which has remained roughly the same for a long time.

 NYC Attorney's Office: Investing in Cryptocurrencies is fraught with "extreme risks"

New York Attorney General Laetitia James issued a sharp statement on the cryptocurrency market, warning investors about its susceptibility to "speculative bubbles" and abuse by criminals. In her opinion, investing in digital assets is "impractical" and carries "extreme risks." "Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains," the New York Attorney General says. The warning came amid the growing attention of retail and institutional investors to the cryptocurrency market and to Bitcoin in particular. “The recent dramatic run-up in price of virtual currencies (especially bitcoin) promises the lure of unrealistic returns and has opened the door for con artists and cheats,” said James.