ExLine.pro - cryptocurrency exchange service

[Exline.pro]

Binance trial in Nigeria postponed

A Nigerian court has postponed the tax evasion trial against the Binance cryptocurrency exchange and two of its top managers until May 17. This is reported by the local edition of Business Day.

On February 25, Nigerian law enforcement officers detained Tigran Gambaryan, Vice President for Global Intelligence and Investigations of the platform, and Nadim Anjarwalla, director of the exchange in West and East Africa. In March, the latter escaped from custody and illegally left the country.

The reason for the postponement of the trial was the lack of official charges against Binance from the Federal Tax Service of Nigeria. The department's lawyer said that Gambaryan should face charges on behalf of the exchange.

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Miners will enter the artificial intelligence industry — CoinShares

Last weekend, the cost of mining a block on the Bitcoin network decreased by half, and operating costs increased. According to CoinShares experts, in order to stay afloat, some companies will leave to look for alternative sources of income in the artificial intelligence segment.

James Butterfield, lead author of the CoinShares report, suggests that bitcoin mining may gravitate towards locations with hard-to-access resources. And investments in artificial intelligence will flow to where stable energy sources are located.

This strategic shift will help alleviate the financial strain caused by the holding, as miners will seek to optimize energy costs, increase production efficiency and invest in cost-effective equipment.

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

The Central Bank of the Russian Federation will be allowed to experiment with cryptocurrency

A new bill has been submitted to the State Duma that will allow the use of cryptocurrency in international settlements. If it is accepted, the Central Bank will start creating an experimental platform for working with cryptocurrency from September 1, 2024.

In fact, the new version of the bill differs little from the previous one. There are no specific mechanisms for payments or regulation of cryptocurrency turnover in international settlements. These issues will be resolved by the Central Bank. He received additional powers to create experimental legal regimes (EPR) on cryptocurrency, but must coordinate all stages of the experiment with Rosfinmonitoring, the FSB and the Ministry of Finance.

The bill will circumvent bans on the use of digital currency as a "currency value" and a means of payment for foreign trade contracts.

The experimental regime will allow exporters to legally sell their products on world markets for cryptocurrency.

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

The launch of Ethereum-based spot ETFs will be postponed again. What has changed

The British bank Standard Chartered Bank has changed its forecast for the timing of approval by the U.S. Securities and Exchange Commission (SEC) of spot ETFs on Ethereum, CoinDesk reports.

Earlier, the bank expected a positive decision on the Ethereum-ETF by May 23. The revision of the forecast is due to the lack of active dialogue between the U.S. Securities and Exchange Commission (SEC) and potential issuers of ETFs on Ethereum.

On Tuesday, April 23, the SEC postponed a decision on applications for the launch of spot exchange-traded funds for Ethereum from Franklin Templeton and Grayscale on June 11 and June 23, respectively. Earlier, on March 19, the SEC announced the postponement of decision-making on the Ark 21 Shares and Hashdex ETFs with deadlines until May 24 and 30. Last month, Bloomberg senior ETF analyst Eric Balchunas lowered the probability of an Ethereum ETF approval to 25%. A similar opinion is shared by Alex Thorne, head of research at Galaxy Digital, who called the approval of an ETF for Ethereum in May "extremely unlikely."

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Five Russian banks have started test tracking of bitcoin transactions

The Central Bank of the Russian Federation, Rosfinmonitoring and five large banks are implementing a pilot to establish links between fiat and cryptocurrency transactions of users. This is reported by RBC with reference to the statement of Ilya Bushmelev, Director of Project Portfolio Management at Innotech.

The new service "Know your crypto client" is designed to train credit institutions to identify cryptocurrency transactions carried out by customers. Among the tools used is the "Transparent Blockchain" from Rosfinmonitoring. Testing will continue until the end of May, but may be extended indefinitely depending on the results.

"As a result of the pilot, a basic understanding of the necessary actions and tools for credit institutions in terms of conducting crypto compliance, the "Know your crypto client" and "Know your cryptotransaction" procedures should be formed," Bushmelev noted.

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Stripe Resumes Crypto Payments after a Six-Year Hiatus

Stripe payment service is returning to cryptocurrency payments. The platform will start accepting USD Cad (USD) stablecoin in three networks: Solana, Ethereum and Polygon

In 2018, Stripe abandoned crypto transactions due to the volatility of bitcoin (BTC). Six years later, the platform decided to resume operations with digital assets.

Simultaneously with the return of crypto payments, Stripe has revealed a long list of other innovations that await the service. The most notable was the ability to integrate competing payment systems into the platform's financial services package.

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Deputy Gorelkin denied the ban on cryptocurrency turnover in Russia

The turnover of cryptocurrencies in Russia will not be prohibited, but the organization of turnover will fall under the ban — the creation of exchanges and exchangers outside the zone of the experimental legal regime (EPR), explained Anton Gorelkin, deputy chairman of the State Duma Committee on Information Policy, in his telegram channel

On April 26, a new version of the bill on the legalization of cryptocurrency mining in Russia was submitted to the State Duma. Among the changes is a proposal to ban the organization of cryptocurrency circulation in Russia from September 1. As an exception, it is proposed to allow the circulation of cryptocurrencies for test projects of the Bank of Russia under the experimental legal regime (EPR), miners and mining pools.

This condition has been put forward by a number of market participants, who note that the legalization of the Russian crypto infrastructure currently rests on geopolitical realities. Providing businesses with unhindered access to this area may lead to falling under Western sanctions, Gorelknin explained the position of the deputies.

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Ripple (XRP), Cardano (ADA) and Fantom (FTM) were included in the Forbes list of zombie tokens

In a recent review, Forbes included Ripple (XRP), Cardano (ADA), Fantom (FTM) and a number of other cryptocurrencies in the list of "zombie tokens". According to the publication, the high capitalization of these assets does not correspond to their minimal practical benefits.

Forbes believes that interest in these cryptocurrencies is based on speculation, not functional demand.

Despite Ripple's ambitions to revolutionize the field of bank transfers by directly competing with SWIFT, the goals of the project seem very unrealistic. The network handles $583,000 in transaction fees, which is a minuscule figure compared to XRP's market capitalization of $36 billion.

Forbes explains that such a discrepancy indicates a lack of real financial usefulness of the asset.

Cardano and Fantom show a similar pattern. The capitalization of ADA and FTM exceeds $23 billion, while the functionality of both tokens tends to zero.

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Как распознать скам-проекты и монеты в мире криптовалют и избежать обмана

Мир криптовалют стремительно развивается, привлекая все больше внимания инвесторов и трейдеров. Однако с ростом популярности криптовалютных проектов появляются и так называемые скам-проекты, которые готовы обманывать, чтобы выманить деньги у ничего не подозревающих участников.

В этой cтатье мы рассмотрим, какие признаки свидетельствуют о том, что проект или монета являются скамом, и как не стать их жертвой.

Ссылка на статью

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Как хранить криптовалюту: горячие и холодные кошельки

Привет всем криптоэнтузиастам!

Криптовалюты все больше привлекают внимание инвесторов, трейдеров и простых пользователей, желающих использовать цифровые активы для проведения транзакций. Один из ключевых аспектов управления криптовалютой — это обеспечение безопасности и надежного хранения.

В этой статье мы рассмотрим горячие и холодные кошельки, обсудим их преимущества и недостатки, а также дадим рекомендации по выбору подходящего способа хранения. Присаживайтесь поудобнее, приятного просмотра!

Ссылка на статью

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Bitcoin closed April in the red after seven months of growth

Bitcoin closed April with a drop of 14.7%, before that, the first cryptocurrency had been growing in price for seven months in a row. After bitcoin updated its historical maximum at $73.5 thousand in March, its price steadily declined. As of May 1, 12:00 Moscow time, BTC is trading at $57.2 thousand, this is the lowest value of its exchange rate since the end of February.

During the day from April 30 to May 1, bitcoin lost about 10% in price. The price of BTC sank below $60 thousand, after the verdict of Changpeng Zhao, the founder of the largest Binance crypto exchange, was announced in the United States. He received a prison sentence for violating the American Banking Secrecy Act and for the fact that under his leadership about $900 million of illegal transactions related to the financing of terrorism, drug trafficking and circumvention of sanctions passed through the exchange.

According to the Coinglass service, which tracks the activity of traders on the largest platforms, more than 140 thousand long positions of traders worth more than $400 million were eliminated on crypto exchanges during the day. Traders trading with leverage, who bet on the growth of the price of cryptocurrencies, did not have enough funds to ensure open positions.

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Основные ошибки новичков при покупке криптовалюты

Инвестиции в криптовалюты могут быть захватывающими, но они также несут в себе определенные риски, особенно для новичков. Люди, которые только начинают свой путь в мире криптовалют, часто допускают ошибки, которые могут привести к потерям и разочарованию.

Давайте рассмотрим основные ошибки новичков при покупке криптовалюты, чтобы помочь избежать ловушек и повысить шансы на успех.

Ссылка на статью

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews

 

[Exline.pro]

Сравнение правовых норм в отношении криптовалют в ведущих странах

Криптовалюты, несмотря на их глобальный характер, сталкиваются с различными правовыми и регуляторными подходами в разных странах. Некоторые юрисдикции активно поддерживают криптовалютные инновации, в то время как другие используют более строгие меры.

Рассмотрим, как ведущие страны по-разному подходят к регулированию криптовалют, чтобы понять, каким образом это может повлиять на развитие рынка и инвесторов.

Ссылка на статью

Exline: An excursion into the world of cryptocurrencies – the boundaries are only in your imagination

Exchange | Subscribe | VK Group | Exchange Reviews