Crypocto

[Manseymond]

Hi Opulence4!

Exchange in the Crypocto exchanger is automatic. What about verification, which direction of exchange are you interested in?

I mean verification of your identity
like KYC on binance

Dude, he meant what type of currency pair are u interested in

[bmwister]

Tesla got rid of 75% of bitcoins for a billion dollars

Elon Musk and Tesla are rocking the cryptocurrency market by dumping bitcoin. The company sold two-thirds of BTC digital assets, raising $936 million. This led to a fall in the prices of Bitcoin and Ethereum.

According to the published report, the coins were sold at the end of Q2. Tesla representatives noted the negative impact of the market on the cost of bitcoin. Therefore, the management decided to get rid of most of the BTC and sell 75% of 42 thousand coins.

The cryptocurrency market did not keep itself waiting and quickly reacted to the big news. Bitcoin had overcomed the bar of $24,000 than it immediately went down after the close of trading. By evening, the price for 1 BTC dropped to 23 thousand, but after a couple of hours, the quote rose to $23.4 thousand.

Ethereum did not like this maneuver either. After it became known about the sale of bitcoin assets to Tesla, its price fell by 3%. It is clear that this news may also affect other cryptocurrencies, but some experts believe that the market will gradually recover.

[bmwister]

Hi Opulence4!

Exchange in the Crypocto exchanger is automatic. What about verification, which direction of exchange are you interested in?

I mean verification of your identity
like KYC on binance

Dude, he meant what type of currency pair are u interested in

Yes, you are absolutely right

[bmwister]

In Germany, the regulator is considering the use of blockchain to combat cybercrimes

On July 26, the Leopold and Franz Institute published the results of a blockchain study. According to the specialists of the institution, they tried to find out whether it is possible to use this technology to fight crime in a virtual environment.

Experts have suggested that this is quite possible. The template nature of information simplifies its analysis. At the same time, collecting data only from accountable entities will already significantly improve the situation, not to mention direct control over the blockchain. With this technology, regulators will be able to detect and prevent an attack using data from open sources. This will speed up the reaction of the authorities and ultimately lead to a drop in the level of cybercrime.

However, this approach also has its drawbacks. It is highly resource intensive. In order to use the blockchain to control the virtual space and control it with the help of cryptocurrency, the help of not only BaFin, but also other regulators, in particular the BSI and the Ministry of Finance, will be required. At the same time, the integration of blockchain into the supervisory process will require the training of new specialists. This takes time.

BaFin has recently taken control of digital asset flows. Before this, the powers of the regulator extended exclusively to the banking sector. On Wednesday, July 26, the agency published a set of recommendations for IT oversight practices. Obviously, this desire is aimed at keeping up with the times.

In fact, Germany is not the only country where people have begun to think about the use of blockchain at the state level. Currently, the Brazilian authorities have initiated a similar project.

[bmwister]

In the first six months of 2022, users spent $2.7 billion on an NFT minting

The Nansen website published a report on income and expenditure in the field of NFT projects for the first six months of this year. According to the study, users spent $2.7 billion on minting tokens, and only about half of these funds “settle” in the industry.

One thing is clear – there is a lot of activity in the NFT sphere. According to the report, about a million unique wallets were used in the minting of new tokens. This suggests that the community is still interested in this topic. All expenses for the creation of new NFTs amounted to 963,227 ETH, which is about $2.7 billion. This is only for the first six months, from January 1 to June 30.

It is also noteworthy that the share of funds withdrawn from the market after the mint has decreased. If last year this figure was 52.3%, then this year it is 45.7%. At the moment, this is the capital that, after the release of the token, is transferred to third-party wallets. Approximately half of the funds "settled" in projects. This is very important for the further development of the industry. In this case, an increase in the indicator also indicates an increase in interest from users.

In total, about 29 thousand collections were created. Of these, 66% raised less than 5 ETH on sales. At the moment, there are about 140 collections, which brought the creators more than 1000 ether. In total, the top 5 best projects in this area account for 8.4% of the total mint. With such a difference in profitability, a high percentage of small collections can be noted, which are associated with an upward demand curve for these products. If the crisis "prolongs" the sphere, then the gap between leaders and outsiders will narrow. The NFT digital asset market remains very popular despite the protracted downturn in this area.

[bmwister]

Binance and MasterCard released a bank card in Argentina

Last week, on August 4, the Binance crypto exchange announced the release of a new prepaid card for the Argentine market. The Mastercard payment service acted as the company's partner in this project. With Binance Card, microtransactions in cryptocurrency will be more accessible.

The uniqueness of this project is in the fact that it allows you to instantly convert “crypto” into fiat at the point of sale. And this makes it possible to pay with a card almost anywhere. In addition, a cashback 8% of the amount of purchases. For the calculation, the user's wallet is used, which is linked to the Binance platform. Moreover, all operations are fully automated and there is no need to use the terminal.

Argentina became the first country in Latin America to decide to test the new cards. The population in the country is suffering from high inflation, and the exchange hopes that such a project will help people improve their well-being.
The program is currently in beta testing. In a week, partners plan to release more cards. It can be issued at any bank that cooperates with MasterCard.

“We believe that the Binance Card is a big step in encouraging the everyday use of cryptocurrencies and its global adoption. And now it is available to residents of Argentina” said Maximiliano Hinz.

[bmwister]

What awaits Ethereum after the transition to PoS?

During the Ethereum community conference in France, Vitalik Buterin spoke about what awaits his "child" after the merger (The Merge). In his speech, he said that after the transition, Ethereum would only be 55% complete.
The merger marks the beginning of a new era when the main Proof of Work (PoW) Ethereum network will merge with the Beacon Chain network and continue to operate as PoS.

What awaits Ethereum after the merger? Many people want changes and they call the developers “Cryptocurrency Columbuses”. But according to Buterin, it is too early to rest on our laurels. Ethereum has to go through a number of important stages: The Surge, The Verge, The Purge and The Splurge.

On July 30, the crypto community celebrated the anniversary of the launch of the main Ethereum network. And now it's time to see what to expect from the blockchain after the merger.

[bmwister]

AUSD stablecoin crashes to $0.05 after Acala network hack

On Sunday, August 14, the first reports of a cyberattack appeared online. Acala Network reported on Twitter that their team found issues with the configuration of the Honzon protocol. As a result, a mistake was made and an unauthorized release of 1.2 billion AUSD was made. The value of the stablecoin collapsed by 95% immediately after the attack, dropping to $0.05. But soon the price stabilized. AUSD is holding the bar at $0.87 at the time of writing.

“We identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which was previously launched), resulting in the minting of a significant amount of AUSD by mistake,” Acala Network later said.

The stolen digital assets are still stored on the wallets of the attackers. Their movement is monitored by security, as well as the team of the affected platform. The Acala Network is based on Polkadot, an open source decentralized blockchain. The creators claim that the stablecoin provides an opportunity to make money that has been locked in staking more liquid.

Acala Network has corrected the configuration issue. At the same time, the stablecoin has not yet had time to recover  completely and has not reached the $1 mark. Obviously this will take some time.

[Opulence4]

Hi Opulence4!

Exchange in the Crypocto exchanger is automatic. What about verification, which direction of exchange are you interested in?

I mean verification of your identity
like KYC on binance

Dude, he meant what type of currency pair are u interested in

Yes, you are absolutely right

I was looking for etc to tether But ive already asked through tech support and and received all answers
btw the english support works well, but the russian works much faster

[Serafim4]

Why is Crypocto the best?
Rapid because you don't need to register to exchange.
Convenient because the exchange from 10 usd, for 5-30 minutes.

Edit your post, exchange from 10$ - does not correspond to reality, at least in operations with cash

[Ndrisock]

Why is Crypocto the best?
Rapid because you don't need to register to exchange.
Convenient because the exchange from 10 usd, for 5-30 minutes.

Edit your post, exchange from 10$ - does not correspond to reality, at least in operations with cash

Yeah, even usdt to binance usd has a limit of 20$
Also, as i noticed, there is no options with cash
https://imgur.com/a/6cZBXtz

[bmwister]

Hello, please carefully read the minimum amounts for exchange on our platform, in some exchange direction the minimum amount is less than 5 USDT.

[bmwister]

Hello, please carefully read the minimum amounts for exchange on our platform, in some exchange direction the minimum amount is less than 5 USDT.

Regarding cash transactions, this direction of exchange will be added to our platform in the near future

[bmwister]

PayPal app fully integrated crypto payments

Paypal has added all the functionality of crypto payments to its application. Now you can buy cryptocurrency, pay with it in stores and transfer to other PayPal wallets. You can also convert it back to fiat via the mobile app. So far, the payment giant has only implemented 4 currencies – Bitcoin, Bitcoin Cash, Ethereum, Litecoin.

When you buy cryptocurrency, the minimum purchase amount will be only $1. For those who do not know all details yet, the brand has prepared training materials and videos. And they can be viewed right in the app. Also, for residents of some countries, the application offers an automatic completed tax form.

[bmwister]

USA gave the green light to crypto banks: details of the new law

New rules for working with crypto banks were announced by the USA Federal Reserve. They will be able to obtain key accounts that allow them to make direct payments and get access to the federal reserves.

In fact, there is no term “cryptobank” in the guidelines. The regulator uses the phrase "institutions offering a new type of financial products". Now basically all accounts go to banks which are registered at the federal level. Crypto banks often experience long delays in processing master account applications. This is due to the uncertainty about how to grant traditional banking powers to such companies.

The new rules will be incorporated into the updated structure for reviewing applications for access. For crypto banks, this will allow them to quickly obtain the necessary powers and work without intermediary banks. As a rule, such companies require FDIC insurance (deposit insurance), otherwise the commission will more strictly check the candidate.

[bmwister]

Bitcoin hashrate reaches new all-time high

On September 11, the hashrate of the Bitcoin network reached 281.79 Eh/s. This all-time high shows an increasing  interest from a wide audience. Because of this, the halving date has been pushed back to Q4 2023.

New highs confirm the statistics. The graph shows that since June the hashrate trend in the network has been growing rapidly, albeit with small “drawdowns”.

At the same time, this also aligns with the conclusions of the previous report that BTC miner revenues rose by 10% in August. The decline in the “farm” is coming to naught, with an increasing number of participants returning to processing blocks.

[bmwister]

SWIFT and Chainlink jointly develop cross-chain interconnection project

On September 28, SWIFT and Chainlink announced a partnership. To implement this project, partners will have to develop a platform concept that will allow all blockchains to be combined into a single network.

The agreement was signed as part of the SmartCon 2022 conference taking place in New York. According to SWIFT strategist Jonathan Sole, interest in such a concept is due to high demand from large investors. Mostly traditional financiers are represented here. According to Sole, the usual blockchain infrastructure is not suitable for them.
Based on the Chainlink Interoperability Protocol, a concept will be created. In order for SWIFT messages to be freely broadcast over various networks, it is necessary to organize data exchange between sites.

Chainlink said that this will help accelerate the integration of DLT technologies in traditional finance. It will also attract additional capital to the market. SWIFT has previously stated that it plans to experiment with tokenized assets in the future.

[Calex12]

Bitcoin hashrate reaches new all-time high

On September 11, the hashrate of the Bitcoin network reached 281.79 Eh/s. This all-time high shows an increasing  interest from a wide audience. Because of this, the halving date has been pushed back to Q4 2023.

New highs confirm the statistics. The graph shows that since June the hashrate trend in the network has been growing rapidly, albeit with small “drawdowns”.

At the same time, this also aligns with the conclusions of the previous report that BTC miner revenues rose by 10% in August. The decline in the “farm” is coming to naught, with an increasing number of participants returning to processing blocks.

Looking for best times for mining. Thanks to PoS algorithm Ethereum is almost dead. Hoping new generations of ASIC will give for Btc a new breath

[bmwister]

The UAE Ministry of Economy will open an office in the metaverse

UAE Minister of Economy Abdullah bin Tuk Al Marri said that the UAE Ministry of Economy will soon open office in the metaverse. It will provide a full range of services, including bilateral agreements with authorities and businesses.
The announcement was made at the first Dubai Metaverse Assembly. The conference was held in the UAE on 28 September.

This is how the minister commented on the new project: “This is not a concept. We're talking about a full-fledged third office."

In Dubai and Abu Dhabi, the department already has two representative offices. In terms of functionality, the new office is no different from their previous one. With the help of this institution, visitors will be able to get advice, sign legally binding papers and negotiate. As Al Marri said this is the "third address" of the agency.

In his opinion, this is not only a "curtsey" in favor of new technologies, but also a real step towards simplifying diplomatic relations. Now you do not need to travel to the UAE for the sake of small agreements.

[Tenystr]

Bitcoin hashrate reaches new all-time high

On September 11, the hashrate of the Bitcoin network reached 281.79 Eh/s. This all-time high shows an increasing  interest from a wide audience. Because of this, the halving date has been pushed back to Q4 2023.

New highs confirm the statistics. The graph shows that since June the hashrate trend in the network has been growing rapidly, albeit with small “drawdowns”.

At the same time, this also aligns with the conclusions of the previous report that BTC miner revenues rose by 10% in August. The decline in the “farm” is coming to naught, with an increasing number of participants returning to processing blocks.

Looking for best times for mining. Thanks to PoS algorithm Ethereum is almost dead. Hoping new generations of ASIC will give for Btc a new breath

I had read a Dubai based mining firm were switching to Bitcoin mining using GPU because they'll still make some money. Another crypto site mentioned (probably in hopeful earnest) that mining will switch to the smaller coins, which will in turn inflate their value and hence mining interest.

Apparently the global Ethereum mining was equivalent to the Netherlands power consumption but that has been effectively reduced by more than 99%.