Our curated list of top 10 cryptocurrencies as of January 31 highlights a drop in the price value of Bitcoin as it currently trades at US$22K.Additionally, the global cryptocurrency market capital is US$1.04 Trillion, and has also gone down by a significant 3.54% in the past 24 hours.Top performing crypto, Bitcoin (BTC) is trading at US $22,864 after going down by 3.52% in the past 24 hours.Seems like the coin is experiencing a slight dip as the total market capital of Bitcoin is US $440 billion, at the time of writing.
BTC is expected to see a jump again as Twitter has started applying for regulatory licenses to introduce payments across the platform, which might even include Bitcoin and other cryptocurrencies.The second ranking cryptocurrency in the list, Ethereum(ETH), too mimics a slight dip just like BTC.ETH is currently trading at US $1,568 after it saw a drop of 3.86% in the past 24 hours.Following is our entire list of Top 10 cryptocurrencies as of 31 January, 2023: | | Cryptocurrency | | Trading Price(in USD) | | Past 24 hour | | Bitcoin (BTC) | | $22,864 | | down by 3.52% | | Ethereum (ETH) | | $1,568 .
| | down by 3.87% | | Tether (USDT) | | $1.00 | | down by 0.0% | | BNB | | $310.56 | | down by 1.31% | | USD Coin (USDC) | | $0.0999 | | up by 0.03% | | XRP | | $0.39 | | down by 4.86% | | Binance USD (BUSD) | | $0.9999 | | up by 0.01% | | Cardano (ADA) | | $0.3706 | | down by 5.37% | | Dogecoin (DOGE) | | $0.09276 | | up by 4.92% | | Polygon (MATIC) | | $1.08 | | down by 6.21% Polygon $MATIC just flipped Solana.👀 — Altcoin Daily (@AltcoinDailyio) January 27, 2023 Shiba Inu (SHIB), Bitcoin and Aptos (APT) continue to shine in the trending spotlight.As for their performances, APT is trading at $16.45 after a drop of 10.45% in the past 24 hours and SHIB is trading at $0.00001169 after a drop of 2.61% in the past 24 hours.Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only.
By using this, you agree that the information does not constitute any investment or financial instructions.Do conduct your own research and reach out to financial advisors before making any investment decisions.The U.K.has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy.
In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like traditional finance.British Government Sets Out to Regulate Crypto Market, Remains Committed to Innovation The executive power in London has announced plans to regulate a wide range of crypto-related activities through new rules for the young industry that will be consistent with Britain’s regulations for the traditional financial sector.A public consultation on the proposals has been launched and will continue until the end of April.In the published paper, the U.K.Treasury reaffirms its belief that “crypto technologies can have a profound impact across financial services.” The document provides an overview of the consultation work ahead.
The British government also insisted its approach to regulation “mitigates the most significant risks, while harnessing the advantages of crypto technologies” and expressed hopes to enable the crypto industry to expand, invest, and create jobs.Economic Secretary to the Treasury Andrew Griffith emphasized: We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes crypto-asset technology.But we must also protect consumers who are embracing this new technology.
The draft rules aim to ensure that crypto exchanges “have fair and robust standards.” They will be responsible for “defining the detailed content requirements for admission and disclosure documents,” an announcement revealed on Wednesday.
Officials also indicated they want to strengthen the rules for intermediaries and custodians that facilitate cryptocurrency transactions and store customer digital assets.They believe this would help to establish a “world-first regime” for crypto lending.The move comes in the aftermath of several high-profile failures that shook the crypto space, including the collapse of major crypto exchange FTX.The British government has previously said that it intends to adopt regulations that would prevent market abuses.Majority of Crypto Asset Companies in the UK Fail to Receive Regulatory Approval The regulatory proposals follow last week’s announcement by the U.K.’s Financial Conduct Authority (FCA) that most entities that want to do business with crypto assets in Great Britain, 85% of all applicants, have failed to convince regulators they can meet the country’s minimum anti-money laundering (AML) requirements.The regulator said it had identified significant failures in spheres such as due diligence, risk assessment, and transaction monitoring.“In many cases, key personnel lacked appropriate knowledge, skills and experience to carry out allocated roles and control risks effectively,” the FCA said.
Meanwhile, the Treasury Committee at the House of Commons is still looking into the potential threats and opportunities associated with crypto assets and the need for regulation.“We are in the middle of an inquiry into crypto regulation and these statistics have not disabused us of the impression that parts of this industry are a ‘Wild West,’” Harriett Baldwin, chair of the select committee, was quoted as stating.Tags in this story Crypto, crypto assets, crypto exchanges, crypto industry, crypto sector, Cryptocurrencies, Cryptocurrency, draft rules, Proposals, public consultation, Regulations, rules, U.K., uk What effect do you think the upcoming U.K.rules will have on the development of the country’s crypto industry? Share your expectations in the comments section below.Lubomir Tassev Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited.
Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press.Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year of Sanctions More and more ready-to-use accounts for cryptocurrency exchanges are being sold to Russian residents.While this is not a new phenomenon — such accounts are often employed by fraudsters and money launderers — the current growth in supply has been attributed to the restrictions imposed by the trading platforms on customers from Russia, as a result of compliance with sanctions over the war in Ukraine.
Russian residents have been buying these accounts despite the dangers, including the risk that whoever created them could maintain access after the sale, the Kommersant reported.But they are inexpensive and offers on darknet markets have doubled since early 2022, Nikolay Chursin from the Positive Technologies information security threat analysis group told the business daily.According to Peter Mareichev, an analyst at Kaspersky Digital Footprint Intelligence, the number of new ads for ready-made and verified wallets on various exchanges reached 400 in December.
Proposals to prepare fake documents for passing know-your-customer procedures also rose, the newspaper revealed in an earlier article last month.Simple login data, username and password, is typically priced at around $50, Chursin added.And for a fully set up account, including the documents with which it was registered, a buyer would have to pay an average of $300.Dmitry Bogachev from digital threat analysis firm Jet Infosystems explained that the price depends on factors such as the country and date of registration as well as the activity history.
Older accounts are more expensive.Sergey Mendeleev, CEO of defi banking platform Indefibank, pointed out that there are two categories of buyers — Russians that have no other choice as they need an account for everyday work and those who use these accounts for criminal purposes.
Igor Sergienko, director of development at cybersecurity services provider RTK-Solar, is convinced that demand is largely due to crypto exchanges blocking Russian accounts or withdrawals to Russian bank cards in recent months.Major crypto service providers, including leading digital asset exchanges, have complied with financial restrictions introduced by the West in response to Russia’s invasion of Ukraine.
Last year, the world’s largest crypto trading platform, Binance, indicated that, while restricting sanctioned individuals and entities, it was not banning all Russians.However, since the end of 2022, a number of Russian users of Binance have complained about having their accounts blocked without explanation, as reported by Forklog.Many experienced problems for weeks, including suspended withdrawals amid prolonged checks, affected customers said.The company told the crypto news outlet that the blocking of users from Eastern Europe and the Commonwealth of Independent States was related to the case with the seized crypto exchange Bitzlato.
Tags in this story Account, accounts, conflict, Crypto, crypto exchange, crypto exchanges, Cryptocurrencies, Cryptocurrency, cybersecurity, dark web, darknet, Darknet Markets, Exchange, Exchanges, experts, invasion, restrictions, Russia, russian, Sanctions, Supply, Ukraine, War Do you think the restrictions will push more Russians towards buying ready-made accounts for cryptocurrency exchanges? Share your thoughts on the subject in the comments section below.Lubomir Tassev Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.
Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Cryptocurrencies Top 5 Cryptocurrencies To Add To Your Wallet In 2023 Including Solana, Bitcoin And Big Eyes Coin Big Eyes Coin Big Eyes Coin Cryptocurrency is a newer asset and has been all the rage these past few years.Similar to the stock market, crypto prices also fluctuate in value.This enables investors to buy low and sell high, gaining huge profits.This has caused numerous crypto millionaires to occur overnight.
Here is a list of the top five cryptos to invest in to join the crypto buzz; Big Eyes Coin (BIG), Solana (SOL), Shiba Inu (SHIB), Bitcoin (BTC) and Ethereum (ETH).Big Eyes Coin Hits $18 Million Big Eyes Coin (BIG) is a meme coin in its presale phase and has made over $18 million.
The coin plans to launch at the end of January 2023 if it makes an extra $12 million.It will launch immediately if it hits $51 million.To celebrate this, the coin is giving away a 200% bonus code, LAUNCHBIGEYESCOIN200.This code will give buyers three times the amount of tokens at checkout.The coin’s website has added a Return of Investments Calculator that can be used to calculate what BIG tokens will be worth in USDT once BIG hits the $1 mark.Solana – Ahead Of The Consensus Game Solana (SOL) is a blockchain system, and its native cryptocurrency is SOL.It is one of the most popular cryptos on the market, with a large market cap and highly secure blockchain.Solana is one of the few blockchains that uses the proof-of-stake consensus method.
It is also the only blockchain that uses the proof-of-history consensus method.Solana (SOL) created the PoH method to further secure PoS by using timestamps to verify transactions made by stakeholders.Shiba Inu – Using Shibarium To Take Itself To The Next Level Shiba Inu (INU) is another meme coin.It is high up in the charts and is the second most popular meme coin after Dogecoin (DOGE).
It was created based on its namesake, the Shiba Inu dog.Shiba Inu is rumoured to be launching something called Shibarium soon.Shibarium is a layer-2 blockchain built on Ethereum’s layer-1 blockchain.This will give Shiba Inu (SHIB) higher security and flexibility to create more fintech products.Bitcoin – The OG When cryptocurrency appears in conversation, Bitcoin (BTC) is often the name people think of.It was the first-ever blockchain platform and was created in 2009.The creator, who goes by the alias of Satoshi Nakamoto, wanted to provide a decentralised platform for people to store and have full access to their money.
It is now the world’s biggest cryptocurrency and has an enormous market cap and immense value, making BTC a great asset to possess.Ethereum – Giving Fintech The Building Blocks To Advance Ethereum (ETH) is the world’s second-largest cryptocurrency.It has one of the world’s most secure and buildable blockchains.Most smaller cryptocurrencies don’t have their own blockchains and use Ethereum to build their tokens on.As a layer-1 blockchain, Ethereum allows other cryptos to build on top of its blockchain.
This causes the creation of ERC-20 tokens.Ethereum’s blockchain is also used to create NFTs and other fintech products.
It is unlikely that the crypto hype will die down.Get your hands on these great cryptos; BIG.SOL, SHIB, BTC and ETH to give yourself a prosperous 2023.For more information, follow the links below: Big Eyes Coin (BIG) Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL The post Top 5 Cryptocurrencies to Add to Your Wallet In 2023 Including Solana, Bitcoin and Big Eyes Coin appeared first on Analytics Insight.Top posts Crypto2 hours ago Britain Announces Plans For ‘Robust’ Crypto Rules, Launches Consultation The U.K.has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its…
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