Are you aware of what is happening in the cryptocurrency market space recently? Otherwise, take a look with a quick glance.
According to Binance CZ-Crypto, the market is underestimated
Changpeng Zhao, CEO of Binance's cryptocurrency exchange notes: an undervalued cryptographic market. During Binance's Blockchain Week event held in Singapore earlier this week, CZ says Bitcoin has been oversold.
Speaking of the event that was about four days, the first two days were started for Binance SAFU Hackathlon, ie on January 19 and 20, the next two days were given for the Binance conference, on 21st and 21st January .
Recently, the price of Bitcoin has dropped below $ 3600 which in turn has hit some major cryptocurrencies like Ethereum, Bitcoin Cash, Ripple XRP, EOS, etc. CZ remembers the value and price of Bitcoin along with the cryptocurrency market that was at the end of 2017. That time reaches a peak of about $ 20,000. He states that:
I think at the end of 2017 there was certainly an overshoot on the price side … There were a lot of guys rushing in, very simple projects with very simple white papers. Indeed, the tremendous increase in encryption prices has attracted a massive wave in 2017 and "once the massive inflow of capital has led to lower prices.
The managing director of South Korea of Komid pretends to trade, receives a 3-year prison
The two executives working for the cryptic exchange of Komid in South Korea have sentenced to prison for almost years on charges of false trading volumes and scammers to investors. Hyunsuk Choi, Komid's CEO also receives a 3-year sentence specifically for his role in this particular crime and for fraud. The second member of this team is Park Mo who receives a 2-year free kick.
It is said that Choi does most of the false accounts in their exchange in January 2018. In addition, they used a trading bot to present millions of false transactions regarding cryptocurrency.
Ahn Seong-Joon, the best judge in a South Korean court, also states that Choi has transferred bitcoin from his exchange into an external portfolio. However, this crime resulted in the payment of $ 45 million in taxes, says the judge:
Choi has committed fraud to an endless number of victims over a long period of time … Furthermore, he believes that financial authorities have failed to keep track of the sector.
The recent encryption of Crypto Exchange announces its Fiat Gateway
Covesting is one between a digital currency exchange with a European license and a professional trading platform. They intend to provide a secure and technologically advanced infrastructure especially for investors around the world.
This platform announces its first phase of their cript converter and fiat gateway. Now, EUR deposits by bank transfer are available. The alternatives for fiat deposits and withdrawals for the purchase / sale of cryptocurrencies will be available in the next version in the coming weeks.
FXCM Italia carries out its own CFD Crypto offer
FXCM Group has an Italian dub branch as FXCM Italy. This is a leading international supplier specifically for CFD trading; trading of online currencies, cryptographic CFDs and relevant services. The platform has introduced that they are ready to start offering two cryptographic CFDs.
They are mainly Bitcoin (BTC / USD) and Ethereum (ETH / USD). The FXCM company has worked with partners such as Liquidity Provider; minimizing cryptographic CFD spreads that are among the most competitive on the market.
In addition to the addition of the new CFD Crypto, the team has also recently added CFDs on commodities, CORNF, WHEATF and SOYF which are corn, wheat and soybean futures1 resp. as the references below together with the CFD US2000 Index which will act as CFDs in cash.
The Crypto payment service provider from CopPay reveals this
CopPay is a multi-digital payment company that has recently announced the launch of its exchange service. In addition, the platform will allow customers to convert crypto-encryption relatively quickly and securely.
Currently, CoPay integrates these criptos: Bitcoin, Ethereum, Litecoin and Dash. In addition, the team is preparing to add more coins in the near future. CopPay has some limitations for a single transaction, however it does not ask users to share or record personal information.
This platform also adds functionality to buy digital coins with Euros and customers can then pay in bitcoins along with other coins to their partners and suppliers.
Currently, CopPay supports eight cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, NEM, Dash, Steem and Steem-Dollar. Speaking of modalities in the exchange:
- Normal mode: the merchant receives cryptocurrency
- Exchange mode: the cryptocurrency trade exchange and receives legal cash in a bank account
The exchange function is currently available in all EU countries, where the euro is the base currency.
Also, read the latest updates on Cryptocurrency information, the top 10 in Crypto Market and earn sites
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