Category: cryptocurrency exchange

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Bitcoin Price Rises Slowly After Bittrex News

Bitcoin price has stalled thanks to recent news about Bittrex, a popular digital exchange, and the Securities and Exchange Commission (SEC).

Bitcoin is slowing down a bit

Bitcoin has been on the rise since the beginning of the year. In 2022, the world’s number one cryptocurrency by market capitalization took one of the hardest hits it has ever taken and lost over 70% of its value after hitting a new all-time high of around $68,000 per unit the previous November. At the end of 2022, the coin dropped to the mid-range of $16,000.

Additionally, several other digital assets have decided to follow in BTC’s footsteps. This caused the entire space to crash and lose over $2 trillion in valuation in just 10-12 months.

However, this year has offered something of a turning point for bitcoin. The asset initially rose to $17,000 in the first few months, and from there it started to rise in price in the $20,000 range. It recently made headlines when it hit the $30,000 mark for the first time in about ten or 11 months (not since last June), leading many analysts to speculate that the bulls were back in town and bitcoin would reverse. forever in the coming months.

While lasting damage has yet to be done, the coin has seen its growth slow down a bit for the time being, thanks to the news surrounding Bittrex, which is the latest digital currency to fall victim to the SEC, as our latest article suggests. The agency says the exchange has broken financial and securities rules for years and has taken steps to avoid following the rules since it first came to fruition in 2014.

To be fair, it’s hard to know if these suggestions are real or not, as the SEC has been working to crack down on every cryptocurrency company out there as of late. Not long ago, for example, the agency sued Kraken and settled with the exchange that forced it to waive more than $30 million in fines. She also had to stop all her stake services.

Withdraw from all companies

The SEC didn’t stop there. He also recently posted a warning from Wells to Coinbase, stating that while the company has yet to be charged, it was being watched and could face charges in the near future. The funny thing is, Coinbase claims to have regularly met with SEC officials over the past nine years to ensure it has always remained in compliance.

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Huobi Prepares to Launch Business Service in Hong Kong

Huobi HK will play an important role in making Hong Kong the world center of Web 3.0.

In the future, users will be able to buy, sell and hold major cryptocurrencies such as BTC and ETH, as well as other major cryptocurrencies listed on the independent index through Huobi HK.

Huobi aims to provide a great shopping experience for Web 3.0 users in Hong Kong.

Hong Kong has been gradually implementing crypto-friendly policies since last year and recently announced the introduction of “cryptocurrency regulations.”

second semester. from 2023.

As a cryptocurrency exchange with a decade-long history, Huobi is actively involved in developing and building Hong Kong’s Web 3.0 ecosystem.

It is worth noting that during this year’s Hong Kong Web 3.0 Carnival, Huobi became a major contributor to the first Hong Kong Web 3.0 Ecosystem Fund.

Furthermore, Huobi is actively preparing to apply for a cryptocurrency trading license in Hong Kong.

Huobi intends to open up the Hong Kong market in a regulated and compliant manner that will speed up the development of Hong Kong’s Web 3.0 ecosystem.

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Bitpapa – Business and Private Gateway in a P2P Crypto Payment Reality

The crypto industry may have taken a backseat to its blockchain technology in terms of application and media coverage, but the use of cryptocurrencies continues unabated. Businesses and individuals are turning to cryptocurrencies to make daily transactions and the use of Peer-to-Peer trading venues is taking center stage for such operations. True to the original ideals of the blockchain industry, P2P cryptocurrency transfers are fully decentralized, transparent and, most importantly, without intermediaries.

With the volume of cryptocurrency transactions growing in developing countries, Bitpapa – a leading P2P platform – is offering a unique and convenient instrument to quickly track the integration of accepting cryptocurrency payments.

All in Widget

As one of the leading P2P service providers in Africa and a fast growing company, Bitpapa provides its customers with a simple and holistic solution, ideal for companies looking to break into the crypto domain. Bitpapa offers a widget integration software package for any type of website that accepts payment from customers using various methods.

The workflow and customer journey in a merchant feature using the Bitpapa solution adds to existing payment methods the option to pay via P2P transfer using one of the popular local banks in the host country. This approach offers customers the convenience of resorting to classic card payment and processing along with cryptocurrencies when purchasing goods and services on merchant websites. From the seller’s point of view, the integration of the Bitpapa software suite allows them to reach the crypto user audience and thereby expand their customer bases.

If the customer opts for P2P transfer to make the payment, he will be provided with a bank card number for transferring the value of his order. In essence, the procedure boils down to a simple card-to-card internal bank transfer, freeing customers from paying commission fees and merchants from incurring acquisition charges. These P2P transfers usually take less than 30 seconds and customers receive payment confirmations that allow their orders to be processed.

Traders using the Bitpapa software suite gain access to a personal account containing their wallet with a display of cryptocurrency balances. The latter are reflected in the currency that the merchant uses, allowing the instant conversion of customers’ cryptocurrencies into fiat currency. The app currently supports Bitcoin, USDT stablecoin and Monero as a means of payment. Merchants are free to withdraw funds from their balances at will to any external digital wallet or bank account.

The commercial benefits

In addition to expanding the audience from customers to crypto users, companies receive a number of other advantages when applying the Bitpapa service for their crypto acquisition needs.

The first and foremost benefit is the service’s competitive pricing and commission policy, which makes it considerably cheaper than traditional payment processing systems. Bitpapa charges a flat fee for withdrawing payments, as opposed to a percentage withheld by traditional processing gateways.

Another notable advantage of using Bitpapa is the complete independence from the traditional financial and banking system – a true feature of the main qualities and principles of the blockchain industry. Merchants often have difficulty negotiating terms with banks regarding commissions and have to deal with often lengthy processing times. Transactions processed on Bitpapa are almost instantaneous and, as a result, save traders considerable time and effort.

However, the most important advantage of the Bitpapa suite is its versatility, which includes over a hundred different payment methods. The integration of such a wide variety of payment gateways opens up immense opportunities for merchants and gives their customers almost complete freedom to choose how they want to pay, ranging from bank cards to e-wallet services.

Peer-to-peer trading as a must

The proliferation of blockchain technologies and the adoption of cryptocurrencies is increasing worldwide, especially in developing countries. Wise merchants will realize that reaching such a tech-savvy audience of potential buyers, courting them with the ability to pay using cryptocurrencies, is a sound and profitable business move.

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North Kingston Police Talk About Growing Crypto Scams

Crypto Scams: Will They Stop?

Cryptocurrency scams are nothing new. In fact, they have practically been around since the industry was developed almost 15 years ago, but never before have they taken such drastic and varied forms. For example, among the most prominent forms of digital currency scams in recent times are romance scams, which aim to target those looking for love online.

Many cryptocurrency scammers will create fake or fake “love” profiles online. They get closer to their victims and build long-term relationships. They get to know them, make things very personal and clear, and before long (after gaining the trust and attention of their victims), they tell the other parties about new “fantastic” cryptocurrency investment opportunities and that it would be a foolishly avoid getting in on the action.

From there, victims feel compelled to put money into the platforms, and they do. At first, they finally see gains and start to get excited. In many cases, they invest more money when they see the numbers go up, but when they try to make withdrawals or withdraw money, problems arise. They often hear that they should invest more, and before long, they realize what happened.

The platforms were controlled by illicit actors and there is little to no chance of them getting their funds back. Steve Weisman, author of “Identity Theft Alert,” said in a statement:

   The elderly are often the target of this and unfortunately they end up losing a lot of money. The cryptocurrency companies that own these ATMs don't want to work with criminals and put the warnings right there on the ATM, which is fine if someone you know is going to give that moment of hesitation.

How to talk to bank tellers

According to him, the fraud in question is carried out through bitcoin ATMs in convenience stores and grocery stores. However, victims are sometimes forced to withdraw money from their banks, and the scammers have given them a list of things to say in case bank tellers ask questions or appear suspicious in any way. Weismann said:

   They will tell people not to respond to certain things. That 'No, I am aware that this is legitimate, this is a business transaction.' and it is often very difficult to deter them.

Ultimately, while the crypto space seems to be growing like never before, crime focused on its fringes is also expanding.

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Bitcoin develops a $ 35,000 prize in Argentina

Bitcoin is quoted with a prize in Argentina, with a bitcoin that costs $ 35,000 more than the global price due to the country’s rampant inflation and the strict capital controls.
A bitcoin is $ 35,000 more expensive in Argentina than anywhere else in the world, according to the price data of two of Argentina’s largest cryptographic exchanges.

Ripio, which has 4.5 million users, says that the current purchase price of Bitcoin is 13,800,000 ARs. The selling price has a difference of one million ARs, or $ 5,000, with 12.8 million air.

Your nearby competitor, Buenbit, says you can buy a bitcoin for ARS13,738,800.00, or $ 62,000. Bitcoin’s current global price is $ 27,000.

This is the greatest cousin we saw in amounts of dollars; Therefore, to validate, we ask some Argentine Cryptonians who have confirmed that a bitcoin is currently quoted for about 14 million air.

This is because the official exchange rate between USD and ARS is not the market rate. On the other hand, it is only available to employees in the middle of the current market rate of 483.00 air per blue, as Argentines call the real exchange rate to USD.

The officer, Dollar Banco Nacional (Dollar BNA) is in 218, according to Ambitio, a financial newspaper in Argentina.

The tokenized dollar, such as USDT or USDC, is even more expensive than the market rate for 502 ARs per token, according to Buenbit.

The reason is presumably because you can transfer USDT or USDC much easier than money in cash or dollars.

Argentina has rigid capital controls with any individual capable of buying only $ 200 from USD and requires permission to transfer it out of the country. Similarly, companies must obtain authorization from the Central Bank of Argentina to access the exchange markets.