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BestChange Cryptocurrency Exchange Truly The Best Change?

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Traders who wish to buy cryptocurrencies should go to centralized cryptocurrency exchanges first. However, there are often cheaper options available. It’s not easy to identify a dependable and profitable cryptocurrency exchange offer among the numerous cryptocurrency exchange instruments.

Nonetheless, here’s a particular platform that claims to provide a way to exchange cryptocurrencies or buy them with fiat currency, as well as with Visa and MasterCard. Several hundred exchangers are hosted on the platform, and their prices are tracked in real time. Users can choose the finest offer and conduct exchange operations in a convenient manner in this method.

To further clarify, crypto exchanger aggregators keep tabs on the best deals from reputable cryptocurrency exchanges and enable consumers to compare them to get the best terms, lowest fees, and most convenient deposit/withdrawal options. In perspective, BestChange claims to combine a large number of trustworthy crypto and e-currency exchange businesses in order to offer users reasonable rates.

The software automatically aggregates the rates and presents them in a table. Users can choose the currency they wish to sell in the first column, then choose the digital currency they would like to buy in the second column. After making a decision, the user can examine various exchange rates on the right side of the screen.

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Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Monero, Dash, Dogecoin, Zcash, Stellar, Tron, and Tether are among the 15 cryptocurrencies that BestChange now supports (both Omni and ERC-20). Users can spend cryptocurrency or fiat currencies such as the US dollar, euro, and pound, and choose from a variety of payment methods like credit cards, PayPal, wire transfers, Skrill, Neteller, WebMoney, and more.

Secure new cryptocurrency exchanger

When adding a new service to the monitor, BestChange performs a thorough investigation to ensure that only reliable exchangers are included. The monitor excludes services with poor ratings or a shady reputation. All of the exchange platform’s exchangers’ websites have a large volume of business.

Three simple steps to buy/sell your cryptocurrency/fiat currency

Making a deal on the crypto exchanges featured on BestChange takes only three steps, making it acceptable even for crypto rookies.

  • Select the currency
  • Select your preferred exchanger
  • Leave your feedback

Overall, BestChange is a really useful tool for people who utilize cryptocurrencies for payments and exchanges in several countries. The BestChange cryptocurrency platform will ensure that your crypto exchange experience is smooth and secure, with the best rates, along with an intuitive UX/UI, a high-performance withdrawal toolkit, and cheap costs.

Luxury Online Retailer Farfetch Says Yes To Crypto

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British-Portuguese online luxury fashion retail platform Farfetch has finally added crypto into their payment module, after undergoing a successful trial in Off-White and Browns stores earlier this year.

As per the Vogue report, Farfetch released a statement detailing the accepted coins.

“Customers shopping in the luxury marketplace will be able to scan a QR code to access their crypto wallet and purchase goods using one of seven cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin”.

At the moment crypto payments would be accepted from the retail firm’s top-tier “private clients” in the next few months, and then followed by a wider rollout to all customers in the US, UK, and Europe at the end of the year. In 2023, the functionality would be extended to other nations.

Farfetch has forged a partnership with cryptocurrency platform Lunu to allow brands and boutiques to accept crypto payments in their own retail stores. Luxury brands that use Farfetch Platform Solutions’ white-label technology will be able to accept cryptocurrencies in early 2023, it added.

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“This was a crucial step to test and learn, and we are excited to [now] share our technical and service know-how with our community,” Farfetch founder, CEO, and chairman José Neves stated.

Crypto payments will also be accepted at Farfetch-owned Palm Angels’ flagship in Milan “imminently”, the firm said.

As a platform company, we are continually innovating to serve as the bridge for the luxury industry to new technologies and environments where the luxury customer is today, and where they’ll be tomorrow. With this move, we look forward to empowering our incredible boutique and brand partners to embrace cryptocurrency.

More Retail Fashion brands Are Driving Crypto Adoption

Of all, German fashion house Philipp Plein is one of the most popular names in that club. Last year, it enabled its customers to pay in 15 digital assets that included Bitcoin and Ether.

Last month, Gucci announced that it will add crypto payments in some US stores, and plans to extend the pilot to all of its directly operated US stores by this summer. The move was seen as a pivotal point for crypto assets from a leading luxury brand.

Other noteworthy mentions are Swiss luxury watchmaker TAG Heuer and the French fashion brand Balenciaga.

OpenSea to address scams and IP violation

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Devin Finzer, co-founder and CEO of OpenSea, said the non-fungible token (NFT) marketplace would step up its efforts to combat fraud and plagiarism.

Although fraud, intellectual property (IP) theft, and plagiarism are prohibited under OpenSea’s conditions, “at our scale, thorough policies aren’t enough,” Finzer wrote in a blog post on Wednesday.

To date, the platform has developed systems to counteract the majority of prohibited actions, including a new authentication system, an image scanning “copy mint prevention system,” and improved search capability to assist users in finding genuine information.

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OpenSea went on to state that the firm’s primary focus areas are trust, safety, and customer experience, beginning with transparent user guidelines and standards spelled out in its Terms of Service. Because not all NFT marketplaces follow and enforce the same standards, the company’s Terms provide the ground rules for what is and isn’t allowed on OpenSea. They also serve as a vital guide for the community and wider ecosystem.

OpenSea an open sea of lawsuits

Despite this, the ecosystem is replete with fraud and hacking, and OpenSea – the largest platform by market volume – has been chastised in the past for being slow to respond to events where stolen NFTs were sold on.

OpenSea, one of the most well-known crypto startups, is facing backlash over nonfungible coins that have been stolen and plagiarised.

Plagiarism has also increased on OpenSea, with vendors converting traditional artwork into NFTs and then selling the pieces without paying the original creator.

Mr. Chapman is one of many crypto aficionados who have expressed concerns about OpenSea, an eBay-style website where users may explore millions of NFTs, buy them, and sell their own. OpenSea has grown to be the leading NFT marketplace and one of the most well-known crypto start-ups in the previous 18 months. The business has raised more than $400 million in funding from investors, valuing it at a whopping $13.3 billion, and has hired executives from internet behemoths such as Meta and Lyft.

Mr. Chapman missed out on his projected ApeCoin windfall because he had lost his ape, which he had planned to spend to buy a property near his wife’s family outside of Houston.

OpenSea, on the other hand, stated in May that it was deploying image-recognition technology to combat plagiarism. However, because the scanning program only compares newly uploaded images to other NFTs on OpenSea, it is unlikely to find artwork copied from other websites.

Ethereum wins ApeCoin community over

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According to Snapshot data, the ApeCoin community has elected to continue on the Ethereum network. A total of 54% of APE tokens were voted in favor of the project remaining in the ecosystem.

Yuga Labs’ virtual land sale in early May temporarily rendered the Ethereum network useless owing to exorbitant costs. Due to high network traffic, users were reportedly forced to pay thousands of dollars for individual transactions.

Yuga Labs apologized for turning down the lights on Ethereum with their enormous NFT mint and stated that in order to avoid future tragedies, it would have to shift to its own chain.

Switching to a different chain would be too pricey and unsafe for the project, according to the majority of community members.

For years, Ethereum has struggled with excessive gas fees. Back in December 2017, CryptoKitties, the very first popular NFT project, jammed up the network.

The failure of the second-largest blockchain to grow adequately has led to the creation of high-throughput blockchains like Solana.

Ethereum Ropsten is now prepared to make the switch to Proof of Stake

The Ropsten testnet merged with the Beacon chain on Wednesday, marking a crucial step toward the network’s much-anticipated switch to proof-of-stake.

Ethereum’s testnet Ropsten appears to be ready for the Merge experiment, according to recent Github statistics. The ETH network’s longest-running PoW testnet is transitioning to proof of stake, as Ethereum core developer Tim Beiko previously stated, with the Merge expected around June 8 on the network.

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As Ethereum core developer Tim Beiko previously indicated, Ethereum’s longest-running PoW testnet is moving to proof of stake, with the Merge slated for June 8 on the network.

The introduction of the Beacon Chain on the Ropsten test network represented a significant step forward for Ethereum as it continues to lay the groundwork for its much-anticipated proof-of-stake flip (PoS; testnet).

The Beacon Chain is a proof-of-stake network that coexists with Ethereum’s mainnet, which is based on proof-of-work. It serves as a testbed for Ethereum’s upcoming consensus mechanism transition, which will see the two chains merge to form a single PoS network.

While the much-anticipated improvement would drastically reduce Ethereum’s energy consumption, it is not expected to have a substantial influence on gas fees for the time being.

The Bored Ape Yacht Club NFT collection’s token, ApeCoin, was introduced in March to much fanfare, but the excitement quickly faded. Currently, the token is ranked 36th.

Dubai Luxury Real Estate Firm Concludes Crypto Deals Worth $50M Since 2022

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Dubai has been making rapid strides as a leading digital asset hub. Recently, one of its home-grown luxury real estate development firms, DAMAC Properties, has completed cryptocurrency deals worth $50 million, since the start of 2022, its chief operating officer Ali Sajwani revealed.

Speaking in an interview, the COO said by accepting either Bitcoin [BTC] or Ethereum [ETH] as payment, DAMAC has shown the extent to which the firm will go in order for it to “benefit from the most advanced technology solutions.”

The COO was also asked about the payment mechanism that would be used to strike the real estate deals. He then stated that a trusted intermediary had been chosen to facilitate the transactions.

The payment process is made through a trusted financial intermediary approved by the Abu Dhabi Global Market, the ‘Heaven’ company, where the customer pays the value of the property in bitcoin or Ethereum, as they are among the most traded digital currencies in terms of safety and trust, and then the financial intermediary transfers the amount to our digital wallet in dirhams or dollars.

Sajwani added that his firm’s usage of a trusted financial intermediary means DAMAC Properties will be able to eliminate the price fluctuation risk.

Dubai -The Honeypot For Crypto Powerhouses

Dubai’s top financial regulator- The Virtual Assets Regulatory Authority [VARA] has granted CryptoCom provisional approval to set shop in the UAE’s most populous city, a few days back.

In another bullish move recently, a Dubai hotel, The Manor in partnership with Binance has added crypto payments which guests can use Binance coin [BNB], Bitcoin [BTC], or Ethereum [ETH] to pay for the hotel fare.

The hotel has incorporated the payment gateway which is managed by Binance to enable these asset payments.

Not only that, the emirate has become an attractive destination for many crypto bigwigs such as Bybit and crypto.com who have shifted their bases to the region.

Industry veteran crypto hedge fund firm Three Arrows Capital in April also pledged to move its headquarters from Singapore to Dubai. Co-founder Su Zhu cited “electric energy” in Dubai’s digital asset industry at the time.

Binance US set to open shop in Idaho

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Binance, the world’s largest crypto exchange by trading volume, has obtained an operating licence in Idaho, bringing its availability in the US to 46 states, according to Blockworks. Idaho’s Department of Finance had to reconsider some of its policies in order for the exchange to be licenced, according to the report.

Some of the state’s standards are antiquated, according to Jennifer Biretz, an official with the Idaho Department of Finance’s Securities Bureau, and the state has had to modernise its view of money transfer.

Money transmitters in Idaho previously had to present a two-year financial statement, as well as meet additional requirements such as posting a $10,000 surety bond with the Idaho Department of Finance and demonstrating a net worth of $50,000.

However, this seems to have been pushed aside, as Biretz stated,

“All money transmitters are actually holding property, usually for third parties or future remittances, and we want to know about their financial experience and how they intend to operate as far as their business is concerned.”

Three years after its founding, the company will be granted a licence to operate legally in Idaho.

Binance eyes all 50 US states

Binance’s long-term ambition, according to a spokesperson, is to be accessible in all 50 states in the United States. The firm’s goal, according to the representative, is to demonstrate its compliance-first approach and secure the remaining licenses by the end of the year so that it may provide services in all 50 states.

Changpeng Zhao, the parent company’s chief executive officer, also tweeted about the achievement. According to him, the company’s intentions are “moving forward.”

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It’s worth noting, though, that making the platform available across the country will be a challenge due to the fact that different jurisdictions have distinct regulatory needs.

Binance has been obliged to increase its regulatory compliance efforts as a result of its numerous regulatory concerns around the world. Many of these agencies are now sanctioning the exchange’s operation inside their jurisdiction, so the exchange is already reaping the benefits.

Stablecoin bill to enshrine investor protection: Japan

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Last month’s collapse of the TerraUSD token thrust stablecoins into the worldwide spotlight, and Japan became one of the first large economies to build a legal framework around them.

With these move, Japan is no longer just the land of rising sun, it is also the land of rising cryptocurrency regulations.

On Friday, Japan’s parliament enacted a bill clarifying the legal status of stablecoins, essentially establishing them as digital money. According to the new law, stablecoins must be tied to the yen or another legal money and guarantee holders the ability to redeem them at face value.

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Stablecoins can only be issued by licenced banks, registered money transfer agents, and trust businesses, according to the legal definition. Existing asset-backed stablecoins from offshore issuers like Tether, as well as their algorithmic counterparts, are not covered by the Act. Stablecoins are not listed on any Japanese cryptocurrency exchanges.

After the implosion of TerraUSD, which resulted in multibillion-dollar losses from a theoretically safe asset, governments around the world are scrambling to create guardrails around stablecoins, a critical aspect of the cryptocurrency business. According to data gathered by CoinGecko, such tokens have a combined market value of around $161 billion, led by Tether, Circle’s USD Coin, and Binance USD.

Japan yet to regulate stablecoin issuers

In a year, the new legal framework will take effect. In the coming months, Japan’s Financial Services Agency plans to create laws controlling stablecoin issuers.

Once the legal structure is in place, Mitsubishi UFJ Trust and Banking Corp. aims to issue its own stablecoin, named Progmat Coin. The bank, a subsidiary of Mitsubishi UFJ Financial Group Inc., stated that the token will be fully backed by yen held in a trust account and that redemption at face value will be guaranteed.

When the combination of algorithms and trader rewards meant to safeguard the link failed to work as planned in early May, TerraUSD, or UST, began slipping from its intended 1-to-1 peg to the US dollar. The crisis triggered a massive selloff across all cryptocurrencies, ultimately bringing the Terra blockchain, which underpins UST and its sister currency Luna, to a halt.

The collapse harmed faith in other stablecoins as well, with Tether sliding from its dollar peg at one point. Since the event, the value of Tether has decreased by more than $20 billion.

The Terra community voted in late May to support a plan to create a new blockchain that does not include the UST token. The stablecoin is still based on the outdated Terra Classic network and has lost nearly all of its value.

Risky cryptocurrency investments ahead: New York AG

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The New York Attorney General, Letitia James, has issued a warning to investors about “risky cryptocurrency investments,” emphasising the volatile nature of the assets.

While New York continues to push for a ban on proof-of-work (PoW) crypto mining, the attorney general cautioned investors about the risks of investing in cryptocurrency.

Investors are “losing billions” in crypto, according to New York Attorney General Letitia James, who issued an investor advisory on Thursday. Even well-known digital assets sold on reputable exchanges might crash, according to James. As a result, the attorney general believes that crypto investments give investors “more anguish than gain.”

Apart from that, James advised New Yorkers to exercise extreme prudence while investing in cryptocurrency. Because of their volatility, the attorney general believes that these investments may end up being a source of anxiety rather than a source of wealth.

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Announcement reminds investors of all the unregulated cryptocurrency

The published advisory also mentioned various problems that could deter investors, such as the market’s unpredictability, difficulties cashing out, high transaction charges, and the instability of some stablecoins. Investors were also reminded that many digital currencies are unregulated, according to the notice.

The warning came as the New York State Senate passed a bill prohibiting the practise of proof-of-work mining in the state. New mining operations will be outlawed if Governor Kathy Hochul signs the measure, and those who already have permits will not be allowed to renew them.

Meanwhile, KenGen, a Kenyan energy firm, has appealed to Bitcoin (BTC) miners to buy its extra renewable energy. According to a company representative, there is plenty of room in the country for miners, and they are happy to welcome them.

BTC mining revenue is also on the decline as the bear market persists. As the crypto winter deepens, Bitcoin (BTC) mining revenue and profitability have continued to fall in lockstep with the asset’s price. At the time of press, Bitcoin (BTC) was priced at $29,462.79 with a daily drop of 2.51% according to coin market cap.

TOP 3 Earn Passive Income with Crypto in 2022

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Cloud Mining

Cloud mining is a kind of remote mining. Users may acquire cloud mining contracts, lease computer capacity for mining, and earn a consistent income through the site. The benefit of cloud mining is that users do not require an in-depth grasp of mining concepts and diverse software and hardware, nor do they need to acquire costly mining devices or maintain 24-hour availability.

Hashlists offers such cloud mining services and has also created a new user experience incentive worth $8 for cryptocurrency newcomers, allowing customers to try out a one-day cloud mining service without making a deposit. The $8 experience coupon is used to purchase a new user experience package and get $0.8 after one day. Simultaneously, the $8 may be used to buy and withdraw additional value contracts. New users can sign up and cash out the benefits upfront.

Hashlists believe that everyone should have access to simple passive income through cryptocurrency. To ensure that this is feasible, it provides users with various plans. Contract mining options include LTC MINING, ETH MINING, BTC MINING, FIL MINING, and DOGE MINING, with prices ranging from $8 to $6,500.

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Users may deposit any cryptocurrency through cryptocurrency wallets or exchanges, and the site will immediately convert it to USD equivalents, which can be used to purchase any plan. When the user completes the investment withdrawal process, he must enter the cryptocurrency withdrawal address. The system will immediately transfer the cryptocurrency to the specified address at the current market price. As a result, mining revenue will be unaffected by cryptocurrency price fluctuations.

In comparison to mining, cloud mining is more accessible to newcomers. Beginners don’t need to possess expert abilities to install and maintain mining equipment. Hashlists will take care of all of that to provide you with a hassle-free environment, and all you have to do is start mining at their expense.

Affiliate Programs

Some digital currency firms have created incentive schemes to incentivize everyone to assist the platform in recommending new users. This may be accomplished by sharing an affiliate link, suggesting a friend, or providing other incentives to new users.

If you have a sizable following on social media (Twitter, Instagram, TikTok, Facebook, or YouTube, for example), the affiliate program is an excellent method to make a little money.

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Hashlists have an affiliate network of this kind. Users who refer friends using their referral links earn a 3% reward on each investment plan bought by the invitee. For instance, if the invitee purchases a $100 investment plan, the inviter receives a $3 commission.

If you’re interested in generating passive income with Hashlists, join the Hashlists Affiliate Program and earn commissions for spreading the word about Hashlists!

Mining

Mining is defined as using computing power to maintain a network and earn incentives. While mining does not involve the ownership of digital currency, it is one of the oldest and most established methods of making passive income in the digital currency field.

Mining with CPU was a proven approach throughout the early stages of Bitcoin’s growth. As the network’s hash rate rose, the majority of miners upgraded to more powerful GPUs. As competition intensified, the battleground shifted to ASIC — electrical devices that use mining-specific processing processors.

The ASIC sector is very competitive, with competitors monopolizing R&D resources. By the time these chips reach the retail market, they may be outdated, and they will take significant mining time to break even. As a result, the majority of the Bitcoin mining industry has been taken over by professional firms, making it harder for regular people to earn passive income.

Additionally, mining equipment installation and maintenance demand an initial investment and a certain degree of knowledge. As a result, this is not appropriate for beginners.

Conclusion

There are a rising number of passive income prospects in the blockchain sector, which are increasingly becoming more popular with each passing day. Additionally, some of these approaches have been employed by blockchain companies to provide mining services to a much larger audience. As the security and dependability of blockchain products continue to develop, they may soon become a reliable source of income. So, if you are looking forward to starting your career in mining, we suggest that you should consider the offer that Hashlists is providing and start making passive income on auto mode because the sky is the limit when it comes to possibilities with blockchain and mining.

Cryptocurrency critic, Nouriel Roubini, works on a “more resilient dollar”

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Nouriel Roubini, the famously anti-cryptocurrency economist, has begun working on a token that will be a more durable dollar, in his opinion.

Roubini and his Atlas Capital Team LP team acknowledge that the dollar’s standing as the world’s reserve currency may be jeopardized if the US issues too much money and adversaries begin de-dollarizing, echoing broad inflation fears.

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Atlas Capital, which Roubini co-founded and hired as chief economist two years ago, will collaborate on technology for the ‘United Sovereign Governance Gold Optimized Dollar’ with Andreessen Horowitz-backed Web3 developer Mysten Labs. Atlas co-founder and CEO Reza Bundy told local media,

“Our goal is to create a global store of value. This is something akin to a substitute for Treasuries, or a digital asset that has payment features in it.”

The tokenized dollar replacement attempts to capitalize on rising inflation fears as well as the US currency’s waning worldwide supremacy. Unlike a typical cryptocurrency, however, Roubini claims that the coin will be backed by real assets. The cryptocurrency critic is interested in bringing a stable asset into more hands around the world, in addition to building an inflation-proof greenback. In a recent interview, Roubini said,

“We recognized that America’s dollar reserve currency could be at risk and are working to create a new instrument that’s effectively a more resilient dollar.”

The token, which will be launched later this year, will be backed by a mix of short-term US Treasury bonds, gold, and US real estate that is less influenced by climate change. Real estate investment trusts, or REITs, will make up the ultimate package of assets.

Roubini’s cryptocurrency plot twist

Roubini has spent years publicly criticising Bitcoin, Ethereum, and blockchain technology, calling it “no better than a spreadsheet.” This is an unexpected and abrupt shift in his position.

During a hearing before the US Senate Banking Committee in 2018, the economist went so far as to offer a 37-page speech expounding on his anti-crypto views. He wrote an essay the same year saying that CBDCs would destroy cryptocurrencies because they are “neither scalable, affordable, secure, or really decentralised,” according to him.