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.
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. …
Cryptocurrency exchange LiveCoin announced that it would cease operations. Earlier it became known about the hacking of the platform and theft of users’ cryptoassets.
According to the latest statements by representatives of LiveCoin, the remaining crypto coins at the disposal of the company will be paid to users. It is also noted that the investigation of the attack on the platform is ongoing.
“Our service suffered significant technical and financial damage. It is not possible to restore the work, so we decided to close the project and pay the remaining funds to the clients, ” the platform representatives wrote.
Applications are accepted until March 17, 2021. They can only be sent from addresses associated with LiveCoin user accounts. Clients of the platform must write to the address: firstname.lastname@example.org. …
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.
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. …
According to data from Coinmarketcap, the main cryptocurrency is up 11.6% in the last 24 hours. The cost of bitcoin was $38,560 at the time of writing.
Over the past 6 days, the price of BTC has dropped from $42,000 to almost $30,000. But the fall in the coin’s value only spurred large institutional investors.
“Institutional buyers were buying up those tips, taking advantage of retail de-leveraging. You could see [dips] quickly bought up,” says Cambrian CEO Martin Green.
The NYDIG investment fund also noted that almost 90% of the orders placed by its clients lately were for the purchase of cryptocurrency. …
According to Bitwise research, last year the number of crypto investors among financial advisors grew by 50% compared to 2019. The survey involved 1,000 financial advisors from the United States.
54% of respondents are confident that cryptocurrencies can bring profit, independent of the production process. 25% of respondents noted that the key task of investing in digital assets is to protect against inflation. 81% of financial advisors reported that the number of clients interested in cryptocurrencies increased significantly in 2020.
Survey participants have become more positive about the prospects for bitcoin. 15% of respondents believe that within 5 years, the value of BTC will rise to $ 100,000. …
The UK Financial Conduct Authority warns of the risks of investing in crypto assets. The corresponding statement was published on the regulator’s website.
FCA drew attention to the fact that some companies are calling for investment in cryptocurrency projects and promising high returns. The British regulator warns that such investments are high-risk, and consumers “must be prepared to lose all their investments.”
“Firms offering these products should make sure they comply with all relevant regulatory requirements and are authorised by the FCA where this is required. Since 10 January 2021, all UK cryptoasset firms must be registered with the FCA under regulations to tackle money laundering. …
The main cryptocurrency fell below $35,000. It peaked on January 8, when BTC reached $41,590 according to Coinmarketcap. After that, the rate of the crypto coin began to decline. As of January 11, the price of bitcoin is $34,660.
The drop happened amid the publication of an article in The Times that the largest British bank HSBC refuses to process cryptocurrency transactions. Also, the financial institution does not allow clients to cash out the funds contained in their cryptocurrency wallets.
“While other leading banks will accept transfers from digital wallets to checking accounts, many of them do not allow customers to use their credit cards to buy or sell bitcoin,” the newspaper notes. …
Our Best users! Oh, this 2020 was really tuff for all of us. But we hope, as little kids do. We believe in best future and wish 2021 to become a year of Best inspiration, Best performance, Best productivity! Let 2021 be the Best for continuous growth in Cryptoindustry, the Best for investors, the Best for all exchanges. Be the Best, stay with us, stay safe, stay tuned!
P.S. Word “Best” appears in this short text for 12 times. Can you hear it? Clock chiming midnight! Happy New Year!
The regulator believes that the XRP company should be responsible for the unregistered issue of securities in the guise of tokens that the project has been selling for 7 years. To remind you, Ripple has raised about $1.3 billion.
According to Adam Cochran, a partner of Cinneamhain Ventures, the trial court will take years, though Ripple Company does not have many chances, like EOS or kin do.
While seeking the arguments Cochran says that Ripple is completely falling under the jurisdiction of the SEC. The defendants are Ripple CEO Brad Garlinghouse and his companion Chris Larsen. Nonetheless, XRP assets are still trading on global markets. …
The Coronavirus did not make any effort to prevent crypto enthusiasts from trading.
According to Mass Media, 2020 turned out to stay quite successful in the context of assessing the size of investments in cryptocurrency projects.
Crypto companies did their best to raise about $ 3.1 billion. All in all, it took near 800 transactions to reach the score. Despite serious downgrade of players activity during the first half a year, the situation has slightly changed by the end of 2020.
For example, BAKKT finished trade round with 300 million dollars in total. …