🆕 Meet the new rubric in our CEX.IO blog — Media about us. 🤓 It’s a synopsis of the media publications about us. Our team members have deep expertise in a wide range of areas — cryptocurrencies, regulations, finance, economics, and more. We’re actively following what’s happening in all these areas, and share our expert opinions, make analysis and predictions based on our experience. And then we publish this all in the media. Last month we discussed the following topics:
⚖️ Regulation
Most believe that the FCA’s latest efforts to monitor the U.K.’s crypto ecosystem are a step in the right direction. Recently, the United Kingdom’s Financial Conduct Authority released a detailed statement. It urged all local crypto business operators to register with the government watchdog. As part of the document, the regulator has made it absolutely clear that applications will need to have been processed, at the latest, by the end of the official grace period, which ends on Jan. 10, 2021, and failing to meet the requirement will result in a default. Konstantin Anissimov, an Executive Director of CEX.IO, tells how businesses should comply with the 5AMLD.
When Big Ben Rings: UK FCA’s Stance on Crypto Seen as Harsh but Fair
Russian government released a draft of the bill regarding the status of cryptocurrency in the country. Industry insiders say the Russian government’s cryptocurrency policy is “shambolic” and says Moscow “urgently needs to start doing its deliberation behind closed doors”. At the same time, other experts welcome a possible two-bill solution. Konstantin Anissimov, the Executive Director at CEX.IO, comments on the situation and shares his opinion.
‘Interesting’ Two-bill Plan May Save ‘Shambolic’ Russian Crypto Law
🛡 Security
Presumably, millions of people who have never heard of Bitcoin (BTC) have been exposed to the world’s most popular cryptocurrency — as Twitter reels from a hack that filled the social media feeds of some of the planet’s most influential people with crypto scam messages. Who’s affected by this situation the most? Dmitry Volkov, chief technology officer (CTO) at the CEX.IO, tells more about the situation.
Is Bitcoin Set to Benefit from the Twitter Hack?
While increasing awareness about cryptocurrencies helps to reduce the chances of people falling for scams, it seems this alone may not be enough. Sophisticated criminals are still able to package scams that will deceive even the smartest investors or individuals that should “know better.” Dmytro Volkov, CTO at CEX.IO tells of how scams schemes lured millions without getting caught and what to do so not to fall a victim.
How Billion-Dollar Crypto Scams Lure Victims
A recent WatchGuard Technologies survey showed that 86% of UK companies expect an increase in cyberattacks in the next 12 months. One big threat in particular is phishing attacks linked to COVID-19, which have recently been gaining popularity among scammers once again. Find out how to discern scam attempts using these tips from Dmytro Volkov, CTO of the international crypto exchange CEX.IO.
Security Basics: 5 Signs of Phishing
📊 Cryptomarket
The July trading volumes on the CEX.IO cryptocurrency exchange have grown twice compared to June 2020. A major reason for the growth is the increased interest of market participants in ETH — in particular, because of DeFi and the imminent release of Ethereum 2.0. Read more details in the analysis of Dmytro Volkov, chief technology officer at CEX.IO.
Trading volumes on crypto exchanges have doubled in July
The growing utilization of Chainlink oracles in DeFi protocols has seen LINK’s token price rise considerably. However, is a significant decline looming? Chainlink’s token, LINK, is once again among the most talked-about altcoins, having surged over 370% year-to-date. In July alone, the now ninth-largest crypto by market cap has gained close to 80%, with blockchain analytics firm Santiment identifying LINK as its top-ranked emerging cryptocurrency. Konstantin Anissimov shares thoughts about the reasons for LINK’s upward push.
Chainlink Utility Drives Link Price but a Correction Could Be Coming
Price fluctuations have accompanied the digital currency market since its inception and have been an important reason for the interest of traders in cryptocurrency. But it seems that something has gone wrong in the last couple of months. As strange as it seems, Bitcoin (BTC) and Ether (ETH) have been demonstrating unusual stability since late May. And while a relatively stable dynamic for Bitcoin’s price can be due to the absence of significant events in the post-halving market, the passive behavior of Ether is baffling some traders. The question is why the price of ETH remains stable despite the growth of its other fundamental parameters and the boom of the decentralized finance market and Ether options? Is this stability good for the market in general, and what does it signal? Dmytro Volkov, CTO at CEX.IO, shares his thoughts on the matter.
Low Ether Volatility: No Trader Interest or Calm Before the ETH Storm?
The entire crypto market is experiencing mixed reactions as some altcoins continue to grow while others are stuck for months. Coins such as Crypto.com (CRO), Chainlink (LINK), Binance Coin (BNB) and Cardano (ADA), have experienced large gains in recent weeks. Moreover, they were able to surpass very large and historical cryptocurrencies (for example, Litecoin (LTC)). However, Bitcoin remains in a stable situation without any major movement or price action. Konstantin Anissimov explained that from a technical perspective.
Following the recent price action by the top two cryptocurrencies by market cap, it seems like the cryptocurrency market has finally entered a new bull market. Bitcoin and Ethereum were able to spark interest among market participants, which was needed for them to advance further. Although BTC has yet to make a new yearly high, everything seems to point out that it is headed in that direction. Read on the cryptomarket analysis by Konstantin Anissimov, an Executive Director of CEX.IO.
Weekly Recap: Bitcoin Breaks Out and Resumes Historic Uptrend
Crypto Traders Send $368,000,000 in Ethereum to Exchanges As Bitcoin Meets New Level of Resistance
Tether Ltd printed a total of USDT 300 million and this brought the total coins created to 540 million in the last three days alone. At the same time, Ripple’s XRP gained some 3 cents to peak at $0.24 on Wednesday, July 29 and that caused XRP’s market capitalization going marginally ahead of that of USDT. Reacting to XRP’s resurgence, Konstantin Anissimov, Executive Director at CEX.IO offers possible reasons for that.
Tether Prints $300 Million, While XRP Reclaims Third Spot
😉 These are just some of the many articles we published. We hope you’ll find them useful.
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Stay tuned for the updates next month and see you on CEX.IO! 🙌🏼