Who or group can run 20 exchanges concurrently? If they do not run multi scam exchanges, they won't be able to have enough resources to do so. Is it a real news or only a FUD to force Bitcoin down again, at the right time with strong resistant price at $13k, bad news was released?
Apparently, the information about 20 exchanges involved in this crime scandal is too exaggerated. However, it is pleasant to see not the first successful operation of law enforcement agencies in Ukraine to combat cybercrime, which are associated with the use of cryptocurrency for illegal purposes. Moreover, as we can see, close cooperation has been established with international cryptocurrency exchanges, and the best of them. Such cooperation is the key to a successful fight against hacking, fraud and other crimes, where participants in the cryptocurrency market become victims.
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Everything should be done carefully, so I look forward to a very complete update in the future as well. If the update goes down I believe it will cause the price of ETH to crash
Everything has already prepared by ethereum developers and i think that there will always be some problems in the process of the update but it can be passed easily. In fact ethereum is still on its way to go to the moon. The main thing is that basically the improvements to Ethereum 2.0 are almost ready. There will always be some inconsistencies; without this, great things in new beginnings cannot do. If the implementation of these improvements is once again delayed, it is unlikely that ethereum will fall in price because of this. Price fluctuations will, possibly, delay the growth. However, you need to give developers the opportunity to finish their business calmly and without unnecessary fuss.
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I choose projects with a real product and real improvements in any area so that their tokens can be in demand. In general, I rarely buy cryptocurrency, I mainly earn in ICO signature companies. Tokens from different projects, so at least some of them will definitely grow in price. Where I am not very sure, I try to exchange for bitcoin or ethereum. It is more reliable.
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Even if the market capitalization of USDT rises so much that this stablecoin displaces ethereum from the second spot on the CoinMarketCap table, nothing will change significantly. It is unlikely that the popularity of ethereum or its price will fall from this. These coins have such different tasks and functions that it will not affect them in any way. USDT has already moved ripple from the third position, nothing special happened.
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DeFi projects, providing services for loans, credits, the issuance of interest on depository, thanks to smart contracts, began to perform the traditional functions of banks and therefore, of course, they will press banks in this. However, one can hardly expect that all people will use only these services. A certain part of people will use the services of banks for various reasons. Therefore, I think that the services of DeFi and banks will exist in parallel.
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Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?
Various recent events in the cryptocurrency market and in the world in general indicate that the price of cryptocurrency will continue to grow. Now very favorable conditions are developing for this. Soon we should see how a decentralized cryptocurrency will behave in the context of its first global economic crisis. This could significantly raise the price of bitcoin and other potential cryptocurrencies.
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I am new to the crypto world. Im planning to invest in Eth because i have an instinct that this will rise up in the future. Any thoughts? Help .
I also agree with you. Ethereum is one of the most promising cryptocurrencies for price growth this year. Today, this coin surprised again, having risen in price by eight percent to reach $ 428. If you look at the dynamics of growth, ethereum is growing in price much more than bitcoin. This coin is growing in anticipation of the Ethereum 2.0 improvements.
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So far, I'm happy with the companies that Bounty Detective is running. They write that they guarantee payments to participants in ICO bounty campaigns, since escrow applies. In these cases, there is a certain guarantee that the projects will not turn out to be fraudulent. Also, I like that they explicitly state that no KYC will apply. Unscrupulous ICO teams very often used KYC after a certain time after the end of the ICO in order not to pay the bounty hunters the tokens we earned. The number of participants in ICO bounty campaigns and the amount of payments will always be different, as there will be different ICO projects. Here we ourselves need to be vigilant and make independent decisions.
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DeFi basically the usage smart contract. While there are some legit usage of DeFi smart contract, it's nothing revolutionary.
Cryptocurrency continues to evolve rapidly and DeFi is one of the necessary milestones along the way. Not so long ago, we were discussing whether it would be possible to use cryptocurrency for loans, credits, and deposits. ICO projects and cryptobanks appeared that promised to carry out these operations. With the advent of DeFi, this is becoming a reality based on smart contracts. Moreover, as it turned out, banks are absolutely unnecessary here. Also stablecoins appeared, which are pegged to regular currency, but backed by cryptocurrency. Such stablecoins can even provide their holders with a certain profit, as they deviate more from the set value of the unit than regular stablecoins.
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I also think like you. The corona virus is thought to be an economic virus and it was born to reset the game. It sounds fictitious, but this is true, Chinese people want to create this pandemic so that the powerful European countries will lose strength and they will be more powerful when their economy comes back. earlier. This is a very dangerous game and if the governments of many countries do not solve well, it can lead to economic crisis.
It really looks like the truth. It seems to me that the emergence of the coronavirus, the possibility for it to spread, then too tough measures to combat its spread, which led to a sharp decline in economic development and the logical onset of the global economic crisis are links in one chain. Moreover, they usually try to underestimate the number of infected and the consequences of the spread of the virus, and in this case, the opposite is true. Many doctors in my country claim that they are forced to write that people have died from coronavirus even in cases where they died from other diseases. This means that someone really needs it.
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This may increase security, but it's definitely not compatible with decentralisation.
We are of the same mind. I do not think these would be a good idea for facial recognition be combined with decentralization. And where does the bio metrics and data of such security tool would be directed? In my country (Ukraine), the face recognition method is already used in practice, which even allows you to withdraw funds from a bank card and pay for goods with a "face". To do this, the "Private24" application is updated in the smartphone, the appropriate "face" payment option is selected, three selfies are taken in different angles of their face for a sample, which are linked to the application. This allows, for example, to withdraw money from a bank card even without the presence of the card itself. To do this, we go to the ATM, enter the code of our card, the selected method of verification by the person, after which the person is scanned and the cash is withdrawn. Very convenient in my opinion.
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all out "strange" law as to me. It "decriminalized" cryptocurrency but prohibits to buy any of goods/properties with it. Looks like it’s for the benefit of a small circle of topmost officials who have billions in bitcoin and can spend them for buying luxuries being abroad. I can’t explain it any other way. Which would make sense. Let FSB thieves spend Wex money and anyone they turn a blind eye to, and confiscate bitcoins of anyone else who's found not compliant with the new law. This ban on the use of cryptocurrency as a means of payment can be easily circumvented. There are payment bank cards that allow pre-existing bitcoins or other cryptocurrencies to be converted at the exchange rate into rubles and paid in rubles. The law that has come into force will not be violated.
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Dear ladies and gentlemen, since at the referendum the people of the Russian Federation "made a positive decision" in favor of the current head of state, the power in the country will be concentrated in the hands of Putin and beyond. Thus, there is no reason to believe that the attitude towards cryptocurrency will change in the next few years.
Well by now we already know that Putin wanted to remain in Power. Thus, an oppressive regime won't simply allow their people to have economic freedom without them overlooking everything. So with crypto, Russians can for some time will use it to hide their wealth and there's where this all the so called Russian regulation will come in and that is why I said that Russia or at least the people behind their government is anti-bitcoin or anti-crypto. I think that such events will soon begin in Russia, similar to what is happening now in Khabarovsk, that the current government will no longer have time for further regulation of the cryptocurrency. The signed law appears to be one of the best options possible under the current Russian leadership, although at the same time it is one of the worst among all states. The law prohibits the direct use of cryptocurrency as a means of payment, however, there are many payment cards that allow you to pre-exchange cryptocurrency for a ruble and pay with a ruble. In this case, the current version of the law will not be violated.
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I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because The coin is not progressing and I want to buy coins that has more potential.
So what is or are your reason why you are dumping your coin?
Very few ICO projects are making great strides in promoting their project and token price. In addition, for altcoins from the first half of 2018, this period has not been entirely successful in terms of price growth. Therefore, those who almost immediately dumped the received tokens as a result of participating in ICO bounty campaigns and exchanged them for bitcoin or ethereum turned out to be in profit. However, I think there is still a good time for potential altcoins.
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In all the hard times of trials, gold has always been a refuge for preserving value and saving people's money accumulation. Therefore, we see a natural significant increase in its price recently against the background of deteriorating economic indicators around the world. Bitcoin and other decentralized cryptocurrencies are being tested for the first time as a financial instrument that can successfully withstand inflation of common currencies of states. It is still too early for us to draw definite conclusions on this issue, since this event coincided with other positive events for the growth of the cryptocurrency market. After a certain time, it will be possible to draw more specific conclusions on this matter.
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It is still very early to speak about a period of prosperity for the economies of states and for the world economy as a whole. In fact, we have just begun to plunge into stagnation and devastation, which is associated with unprecedented measures to combat the spread of the coronavirus. Although the process has started, the response of economies is a little late. In addition, we expect a second wave of the spread of this coronavirus. Some countries are already celebrating its coming. So it's too early to rejoice. The period of overcoming the economic crisis will surely come. However, we do not yet know with what results we will approach this period.
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I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. http://prosh.ru/smartcontract.htmlWhat does cryptocurrency lending have to do with its ability to bypass the price dominance of bitcoin, including how ethereum can become the number one cryptocurrency? In my opinion, the dominance of bitcoin will disappear only if the level of its capitalization drops significantly and approaches the level of capitalization of other cryptocurrencies. Perhaps this will happen someday.
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I do not think that it is possible, creating own money is illegal in every country. It would be different if Russian´s central bank create stable coin backed by Ruble, something like Digital Ruble, but do you think that it is possible that a private bank could create an alternative to the Ruble?
Sberbank, one of the largest state-owned banks in this country, wants to issue a stable coin in Russia. Therefore, here we are talking, most likely, about the creation of a national stable coin, that is, a digitized ruble. Most states are now working to create national stablecoins, which are much more profitable for states to use compared to paper money. Therefore, in Russia, in any case, they will create their own digitized ruble.
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There is nothing surprising. Government agencies will always try to take control of the cryptocurrency and impose their own rules for its circulation in society. They will also try to track the movements of the cryptocurrency and at the same time establish its belonging to specific individuals. It seems that there will always be a confrontation between government agencies and anonymity in cryptocurrency.
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Since bitcoin has a lot of price volatility, it would be nice to buy bitcoin on a decline in prices and sell on a rise, however, in this case, you need to be well aware of the upward and downward trends in prices in the cryptocurrency market. So, bitcoin has recently risen in price and whales began to withdraw large batches of bitcoins for sale in order to fix their profits, but recently they changed their minds and took bitcoins from the exchanges. This means that for some time bitcoins and the entire cryptocurrency market will still grow in value. Further, you need to make the right decisions on time. There can be no general advice here. Yes, over 90 percent of the entire lifetime of bitcoin, it has grown in value. However, this does not mean that it will always be. In the coming year, the price of bitcoin should indeed rise significantly in value. Therefore, in general, it is still profitable to keep it. Nobody knows what will happen next.
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