Bestchange.com

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How BestChange.com saves your time

Before the monitors' launch, the process of selecting truly profitable offers among exchangers took a long time. You had to open every website, select the required exchange direction, enter the amount, check how much it will result in.

And what if on top of that, exchange rates change every minute?

BestChange.com monitor became a solution for people who value their time and do not want to miss the best exchange rates. The website accumulates all the market offers in one place, and their comparison is automatized.

1. Select the source currency on the panel on the left.
2. Select the target currency on the panel on the right.
3. Study the list of exchangers that support this direction.
4. Now just select the most profitable exchange rate and go to the exchanger’s website.

Everything is so easy and only takes a few seconds. We just help save time — the primary human resource — so you could spend it in a better way. We recommend making a habit out of using BestChange; we are confident that you will appreciate the comfort that we create for you.

 

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The Ukrainian president has delayed further crypto legalization

The Ukrainian president Vladimir Zelensky has returned to the Rada the draft Bill “about digital assets, #3637, forcing to finalize it. According to the law project, there has to establish an independent regulatory authority aimed to control digital assets, taxation system, protection of user rights and other aspects.
The president says the whole structure needs to be changed, and National Securities and Stock Market Commission (NSSMC) should run the control processes. At the same time, building an entire new supervisory authority would create huge costs.

IMF posted a situation among digital assets of Central Banks

During the online conference, supported by Bocconi University, Kristalina Georgieva, Managing Director IMF, replied about stablecoins and CBDC (central bank digital currencies).
It appeared that as of October 2021, 110 countries - more than half of the world - are working on launching their digital currency. The Russian Federations is also on its way for crypto rubble.
Such stablecoins as USDT could be useful as financial tools on digital markets, but CBDC would guarantee even more security, Georgieva says.
So far, CBDC has been fully launched only in the Bahamas. In other countries, such assets are only being tested. For example, China has been conducting tests for over two years, and there is no final decision upon it.

Gary Gensler: “SEC will not prohibit cryptocurrency”

Gary Gensler, a chairman of the Commodity Futures Trading Commission (SEC), touched upon the crypto industry during his speech to the financial service committee. The report also was about the measures taken by China against cryptocurrencies, and the main question was asked if the SEC is going to follow the same path.
With his answer, Gensler assured that the United States has an entirely different approach to that problem. There is no talk of a complete ban on cryptocurrencies (although the final decision lies with Congress, one of the three highest government bodies).
At the same time, the chairman noted that many cryptocurrencies look like investment contracts or other securities, which means it requires appropriate regulation.

 

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Vitalik Buterin believes in the cloudless future of ETH

Vitalik Buterin, commonly known as Ethereum co-founder, believes ETH can surpass BTC in the context of total market cap and as a tool for saving traders capital. “That’s quite possible. I think the main difference between these two assets is that the total value of bitcoin and its ecosystem directly depends on its total price. In contrast, ETH is exactly opposite”, Buterin says. Speaking about another DAO development and further extension, Vitalik noted the Gitcoin DAO and Optimism experiments aimed for mutual wealth and as project models which can positively influence the crypto industry. He believes DAO would become something better, something with a more significant meaning than it is now. “They definitely would find their place. I don’t see any unbreakable walls. Mostly, it’s a question of small issues that need to be fixed. When will one of the DAOs change strategy, or when will the two DAOs decide to merge? I think we’ll find it out soon enough”, he said.

Rubini: “Central banks of all countries around the world would proceed with their own digital currency”

The economist and well-known BTC critic Nouriel Roubini has no doubt bitcoin would never become a generally accepted currency. There can be a massive transition of many countries to digital currencies, supported by central banks soon. “Bitcoin is not a currency, and I cannot advise it as a savings tool so as other altcoins which would probably never become real currencies. Sooner or later, central banks would launch their digital currencies”, said the analytic during Sphere presentation. Rubini also declares people would abandon cash operations, constantly switching to digital payments. “It’s already in Sweden, China. For payments, people use QR code”, the economist insists.

 

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Bitcoin surpasses $62,000 amid approval of the first BTC-ETF futures

The US Securities and Exchange Commission has approved the country's first exchange-traded fund based on bitcoin futures. Against the backdrop of positive news for the entire industry, the price of BTC rose by almost 3% in 24 hours. According to Coinmarketcap data as of October 18, the cost of the first cryptocurrency exceeds $ 62,400. However, not all cryptocurrency market players were delighted with the news of the SEC approval of an exchange-traded fund for BTC. DeFi Unchained Capital CEO Parker Luce is confident that ETFs are not very profitable for investors. “The Exchange Traded Fund efficiently processes bitcoin as if it were a traditional financial asset. If an investor buys it through an ETF, then you assume additional market maker risks. As a result, he chooses one of the more risky ways of owning bitcoin than if he bought it on the exchange,” he said.

Walmart will launch its own fintech startup

Walmart, the largest US retailer, plans to launch its own fintech project, which will be led by former Goldman Sachs executives. It will be a joint venture with Ribbit Capital, but Walmart will be the majority owner. According to the media, citing sources, one of the options for creating a joint venture could be the acquisition of a neobank, while the company does not plan to obtain a banking license. Walmart has been trying to build a financial services business for its customers for a long time. Until this direction has become one of the most successful for the company. “Everything we will do will be aimed at expanding what we are already doing. Wider adoption of Walmart Pay is definitely something that fits into the ecosystem we're trying to build, ”said Walmart CFO Brett Biggs.

The author of the term "virtual reality" called BTC a pyramid

Scientist, author of the term "virtual reality" Jaron Lanier considers the first cryptocoin "pyramid". In his opinion, investors who bought bitcoin at the beginning of its distribution earned significantly more than those who bought bitcoin later. Lanier believes digital currencies are like gambling. At the same time, the scientist noted that for a long time he was a supporter of crypto assets. “It’s intrinsically a Ponzi scheme. Like the early people have more than the later people. And the further down the chain you get, the more you’re subject to gambling, like dynamics where it’s more and more random and more and more subject to weird network effects and whatnot, unless you’re a very small player…but even then, you’ll be subject to fluctuations. it’s going to wave around the little people more, ”said Lanier.

 

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US Senators pressure Facebook due to Its crypto project

US senators believe that Facebook CEO Mark Zuckerberg should suspend the Novi digital wallet project. Also, politicians are confident that it is too early to launch Diem stablecoin on the market. The senators noted that the IT company had previously promised not to issue the crypto coin without securing the consent of the regulators. The speeches of a number of US senators took place amid joint testing of the Novi crypto wallet by Facebook and Coinbase. “Despite these assurances, Facebook is once again implementing plans for digital currency on a tight timeline and has already launched a pilot project for the network's payment infrastructure, although this is incompatible with the real landscape of financial regulation - not only for Diem, but for stablecoins in general,” said senators.

BITO BTC Futures ETF trading volume overcame $1 billion in the first 24 Hours

The launch of ProShares' first Bitcoin futures ETF on October 19 was a success. The trading volume with tokens under the ticker BITO exceeded the $1 billion mark on the first day. Such results for the market can be considered almost record-breaking. According to analysts, retail investors account for a significant share of BITO's trading volume. “I think in the case of BITO, we will see the daily trading volume at least half of the volume of the first day. It is even possible to reach $750 million a day by the end of the week. The volume of trading in BITO shares on the first day exceeded the trading volume of 99.5% ETFs, including such large ones as DIA, ARKK and SLV. The indicator has definitely exceeded our expectations, ”wrote Erik Balchunas, senior analyst at Bloomberg.

Carl Icahn does not rule out that bitcoin is a salvation from inflation

Major investor Carl Icahn fears a significant rise in US dollar inflation. However, the businessman believes that BTC is able to occupy the niche of a reliable instrument for preserving assets. The billionaire predicts a global financial crisis in the future due to the fact that the US authorities continue to "print money." However, Icahn's investment company does not intend to invest in cryptocurrencies yet. “We have a lot of really smart guys working for us, but we still don't understand bitcoin. I am not saying that this is a good or bad asset, we just do not understand it. And, naturally, we will not invest in an asset that we do not understand. But if inflation rises strongly, then bitcoin may have value. But there are too many variables, it is too difficult to invest in it,” the entrepreneur emphasized.

 

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Ethereum price up 74% in less than two months

On November 8, Ethereum has reached another all-time high. According to Coinmarketcap, the price of cryptocurrency is $4,735. ETH is up 74% since the end of September this year. The capitalization of the crypto coin has surpassed the $560 billion mark. The growth of the ethereum rate occurred against the background of the publication of the Finder.com report. The document says that the cryptocurrency may grow to $5,100 by the end of 2021, $15,300 by 2025 and reach $50,700 by 2030. Bitcoin also demonstrates strong growth today. BTC cost is $65,565. Over the past 7 days, the cryptocurrency has risen in price by 6.5%.

Spanish bank plans to launch BTC-ETF

Santander intends to launch Bitcoin exchange-traded funds. Spanish bank president Ana Botin said the organization's clients have a strong interest in cryptoassets. “Santander is considered a leader in the cryptocurrency space. Our clients want to buy bitcoin, but we are too slow in adopting cryptocurrencies due to regulatory uncertainty. Now we are going to offer a cryptocurrency ET,” said the head of the bank. However, according to local media reports, the National Securities Market Commission of Spain has not yet approved the launch of the ETF. Santander is positive about the cryptocurrency industry. The organization previously issued bonds worth $20 million on the Ethereum blockchain.

 

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Experts say bitcoin ETFs are more profitable for investors than ETF on bitcoin futures

MicroStrategy CEO Michael Sailor and Coinmetrics co-founder Nick Carter believe that BTC investment funds are more profitable for investors than ETFs on the first cryptocurrency futures. Sailor believes that if the SEC approves the launch of the BTC-ETF, serious investments will "flow" into them. “As soon as spot Bitcoin ETFs are launched in the US, I think you will see billions flow into them, then tens of billions, then hundreds of billions, and then trillions of dollars. This will be the final step necessary for Bitcoin to become one of the main assets of the Western world,” Sailor said. According to Nick Carter, ETFs on the futures of the first digital coin are “defective”, and the arguments of the regulator against the launch of cryptocurrency funds are “empty”. The expert believes that after the launch of the BTC-ETF in the United States, the trading volume within a month could reach $100 billion.

Former Coinbase top manager advises crypto developers to move to friendly jurisdictions

Balaji Srinivasan, who previously served as CTO at Coinbase, advised digital currency developers not to fight the hostility of regulators. The best tactic in this case, according to the expert, is to move to more positive jurisdictions in relation to the industry. Srinivasan is confident that developers need to generate new solutions faster - before regulators have time to "outlaw them." According to the expert, players in the digital asset market must be mobile, and cities such as Miami and New York, as well as the states of Wyoming, Colorado and Texas, are quite friendly towards cryptocurrency projects. “Cryptocurrency developers must learn to code laws. Zero-level solutions are the fundamental level of cryptocurrency innovation, they are ideas in the minds of people, and they are the ones that lay the foundation for creating solutions of the first and second levels. Traditional financial legislation is heavily influenced by banks or academics who are hostile to cryptocurrencies,” Srinivasan said.

 

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Litecoin fights “double top” risks after LTC price rallies 37% in November

A 37% November Litecoin price rally risks exhaustion as the “silver cryptocurrency” hints at forming a double top chart pattern. The classic bearish reversal setup happens when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction toward a common support level, called the “neckline.” Typically, the price breaks below the support and falls by as much as the maximum height between the double top’s peak and neckline. So it appears, LTC is halfway through forming a double top pattern. Litecoin will need to extend its selloff to retest the neckline. Meanwhile, breaking below the support level would activate the double top breakout setup, with the profit target sitting near $200. Litecoin’s bearish reversal pattern is happening when inflation in the USA has peaked to a three-decade high, prompting investors to seek a hedge across various financial instruments. Litecoin “bull pennant” puts LTC target at $350 Dubbed a bull pennant, the bullish continuation pattern appears when the price consolidates sideways inside a triangular structure after a strong rally upward. Traders confirm a bullish breakout when the price breaks above the triangle’s upper trendline with strong volumes. In doing so, they watch the level at length equal to the height of the previous uptrend (flagpole) as their profit target. As a result, Litecoin’s price eyes an extended upside move toward $350. Meanwhile, failing to have a decisively bullish follow-through risks activating the double top setup. That brings the “multi-month ascending trendline support” in the picture as the next downside target should there be a bearish breakdown move; coincidentally, the target is also near $200.

 

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Cryptocurrency funds remain attractive to investors

Cryptocurrency funds continue to attract investors amid the fall in the digital asset market. CoinShares analysts have been recording new capital inflows into funds for 13 consecutive weeks. During the reporting week, this figure reached almost $151 million. A significant part of this amount came from institutional investors in BTC ($97.5 million). Since the beginning of the year, investors have invested about $6.5 billion in bitcoin. Cryptocurrency funds now manage assets in the form of the first cryptocurrency for a record $56 billion.

However, analysts noted a decline in volumes in the second half of the year. Currently, this average figure is $750 million per day. In the first six months of 2021, it was $960 million. The total inflow of funds to crypto funds since the beginning of this year is $9 billion. In total, the funds manage approximately $87 billion. One of the latest news was the launch of BTC-ETF futures trading by VanEck investment company on the Chicago Stock Exchange. This is the third such product presented on the American stock exchanges, in which large investors are interested.

Institutional investors, including banks, investment funds, insurance companies, are already actively integrating into the cryptocurrency market. Back in 2018, the head of Crypto Technology, Anton Sobin, confidently stated that the digital asset industry "over time, it will cease to be perceived as a fraud." “Any area of business or technological innovation goes through the stage of formation, after the initial analysis, an understanding of the relevance and profitability appears. It is at this moment that the sphere begins to be filled with money from the side of large investors. A race and struggle for a new market begin,” Sobin said. Today, the gradual adequate regulation of the digital currency industry and the positive reaction to this by market participants testify to the maturity of this direction. Reduced risk and excellent profitability make crypto coins attractive to large investors, so today the crypto sphere is actively attracting new fans.

 

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Large investors are expected to enter the decentralized finance market in 2022

An influx of institutions into the DeFi sphere is expected next year. As one of the founders of Chainlink Sergey Nazarov noted, this industry will continue to grow due to the interest of traditional banks in it. In his opinion, by expanding the types of on-chain collateral, there will be a basis for the emergence of new decentralized insurance solutions. “In 2022, the world will realize that there is a big market called DeFi. If PayPal has started working with cryptocurrencies, then think about why your users will not want to interact with storage, DeFi and so on tomorrow?” he said. Another of the founders of the 1inch Network DeFi project, Anton Bukov, believes that this area will increase its growth rates in the next 3-5 years. The expert stressed that decentralized exchanges should work 100 times faster than at present. This will make it easier for users to understand how DeFi works.

Senator from Australia Jane Hume recently spoke about the concept of decentralized finance. She believes DeFi will help Australia become a leader in innovation and economic progress. “Decentralized finance underpinned by blockchain technology will present incredible opportunities ‑ Australia mustn‘t be left behind by fear of the unknown,” said Hume, stressing that progress and innovation determine the country's economic future. The decentralized finance market is constantly evolving. Having started in 2021 at the level of $21.5 billion, the total TVL (the value of funds blocked in smart contracts of DeFi applications) has increased more than tenfold. By mid-November, the market volume reached $270 billion. This indicates that the DeFi industry is actively developing and will attract more and more players.