Cryptocurrency, News

Changelly Enlists Polkadot (DOT) 0 22

As per the recent reports, Changelly PRO has just enlisted Polkadot (DOT) on its platform. With its latest integration, Changelly PRO has enabled users to deposit their Polkadot (DOT) directly into their Changelly PRO accounts.

With the integration of Polkadot (DOT), the platform has also introduced three new trading pairs that the users can choose to trade with. Basically, the firm has paired Polkadot (DOT) with some of the largest cryptocurrency assets. At present, the crypto-assets Changelly PRO has paired with Polkadot (DOT) are Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

With the integration of the crypto-assets, the newly introduced pairs are DOT/USDT, DOT/BTC, and DOT/ETH that the users can use for trading purposes.

Polkadot platform has been developed as a very sophisticated platform that is known for connecting numerous technologies. It is prominently known for connecting consortium and private chains, oracles, futures, and permissionless and public networks.

Polkadot has been created to facilitate an internet that allows the blockchains to exchange transactions and information in a trustless way. The entire process is facilitated and carried out through the Polkadot relay chain.

The Polkadot platform is known for making it easier than ever to connect and create decentralized institutions, applications, and services. The aim of the developers of DOT is to free society from relying on a broken web. They do this to ensure that large institutes do not violate the trust of society. To make it happen, the Polkadot platform empowers innovators to come up with better ideas and solutions.

During the introductory announcement of the Polkadot (DOT) enlisting on the Changelly PRO platform, Eric Benz also talked about the Polkadot. Eric Benz is known as the CEO of Changelly PRO. Benz stated that they are extremely delighted to bring Polkadot (DOT) onboard. They are looking forward to working with Polkadot (DOT), which is one of the most innovative projects in the industry.

Benz stated that he is excited for listing Polkadot (DOT) as the recent trading pair on its platform. He stated that their platform always aims to provide its users with the latest and most valuable trading assets. He also added that by listing DOT, Changelly PRO has taken a huge step further into the crypto-adoption.

The Changelly PRO platform is known for providing its users with more options than just traditional buying, selling, and trading of assets. The platform allows its users to refer their families/friends to its services and pay the users bonus incentives per referral.

The platform has adopted this maneuver to encourage its users to advertise the platform in their circles. With this, the platform increases its chance of attracting more users and gain mainstream recognition. At present, the referrer receives 50% of the referral’s trading fees for six months.

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Bitcoin Will Drop Down to $20k a Piece, Says the Guggenheim CIO 0 7

It was just two weeks ago when Bitcoin (BTC) prices were hitting their all-time high of $41k per Bitcoin (BTC). Then suddenly the prices of Bitcoin (BTC) starting dropping significantly. In a matter of 48-hours, the price of Bitcoin (BTC) came down by $11k only to bounce back to $35k in the next couple of hours.

However, since the set-back, Bitcoin (BTC) has been having a hard time keeping up. Although there were many analysts who predicted Bitcoin’s price drop was due, yet they stated that it will grow in price again. Right after the plunge, Bitcoin (BTC) did manage to make a comeback but it was not a long-lived success.

In a matter of days, Bitcoin (BTC) again came all the way down to $33k per Bitcoin (BTC) and then again bounced back. Just a few days back Bitcoin (BTC) managed to go all the way up to $38k per Bitcoin (BTC). However, it is again sitting at $33k apiece, which goes onto show exactly how volatile Bitcoin (BTC) has become.

Bitcoin (BTC) has again become extremely volatile in the past two weeks. As it keeps showing the volatile nature, many investors have started growing uncertain about its stability. There are many investors who have already sold their Bitcoin (BTC) with fears of facing another plunge since 2017.

Based on the above case, one of the senior executives at Guggenheim Partners has made his prediction around Bitcoin (BTC) price. According to the executive, Bitcoin (BTC) is currently destined to go all the way down to $20k per BTC. No matter how many times it fluctuates and it manages to go up, Bitcoin (BTC) will eventually drop down to $20k per BTC.

According to the Guggenheim executive, Scott Minerd, Bitcoin (BTC) will not be able to hit an all-time high for the rest of the year 2021. Minerd shared his views around the price of Bitcoin (BTC) in an episode of the “Closing Bell” show airing on CNBC.

Minerd predicted that after hitting an all-time high of $41k per BTC, it is highly unlikely for Bitcoin (BTC) to again hit an all-time high in the running year.

Although Minerd has made this prediction around Bitcoin (BTC) price looking at the current situation, it does not mean that he has started criticizing Bitcoin (BTC).

According to him, Bitcoin (BTC) is still one of the most reliable investment assets and will continue to grow with respect to the adoption rate. Despite his recent comment about Bitcoin (BTC) taking a plunge down to $20k per Bitcoin (BTC), he still maintains his stance on another prediction.

Minerd has predicted that one day, Bitcoin (BTC) will manage to hit the $400k per BTC mark.

Dubai Regulatory Authority to Introduce Cryptocurrency Regulations 0 8

It was almost 11 years ago when the cryptocurrency industry was introduced to the entire world with the launch of Bitcoin (BTC). At that time, the industry was strongly opposed by the regulatory authorities as well as financial institutions.

The need for the cryptocurrency industry was felt when the traditional finance institutions had started taking too much control of people’s personal information. It was the financial institutions that had started dictating people and putting too much pressure on people.

That was the time when there was a need for an alternative to the traditional financial system to be established. A system that granted people the authority to control how much of the personal information they wanted to share with the providers. The cryptocurrency industry was developed on a decentralized platform that did not appreciate the interference of third parties. Whether it was a sale, purchase, or trade, there were no intermediaries involved on this platform.

However, the financial institutions as well as many countries started opposing the idea and were not ready to adopt the platform. As time went by, the cryptocurrency industry has grown enormous and has reached a cryptocurrency community of 200 million active users.

Just recently, the cryptocurrency industry hit a market capitalization of $1 trillion. This has brought the cryptocurrency industry into the spotlight and countries from around the world have started adopting the industry.

One of the recent countries that are looking forward to welcoming cryptocurrency on its soil is Dubai. According to the recent reports, the major regulatory authorities from Dubai are currently in the process of composing the regulatory guidelines in the country.

The Dubai regulatory agencies involved in the process include the Dubai International Financial Centre and the Financial Services Authority. These regulatory authorities are currently involved in enhancing the regulatory structure as well as the regulations in the country.

The Dubai Financial Services Authority has revealed that it is planning to ready and launch the regulatory framework for diverse digital assets for the years 2021 and 2022. The announcement was made by the DFSA on the working of the digital assets regulatory framework on January 18, 2021.

Once the new regulatory infrastructure is released and implemented, it will turn out to be very essential for the cryptocurrency industry in Dubai. It will allow the cryptocurrency firms in the country to provide their services on a larger scale. They will be able to offer investors more trading assets and will also be able to target businesses and enterprises in the country.

Most importantly, the firms will have full support from the Dubai regulatory authorities in the expansion of new services being introduced in the Bitcoin (BTC) verse.

The DFSA has announced that it will be publishing two consultation papers that will be public for commenting and feedback.

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