Category Archives: Cryptocurrency

May 17, 2023 by Diana Ambolis

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In the rapidly evolving world of cryptocurrencies, choosing the right cryptocurrency exchange is crucial for investors and traders. With numerous exchanges available, each offering different features, security measures, and trading options, it can be overwhelming to navigate this landscape. In this comprehensive guide, we will explore the key factors to consider when selecting a cryptocurrency

In the rapidly evolving world of cryptocurrencies, choosing the right cryptocurrency exchange is crucial for investors and traders. With numerous exchanges available, each offering different features, security measures, and trading options, it can be overwhelming to navigate this landscape. In this comprehensive guide, we will explore the key factors to consider when selecting a cryptocurrency exchange. From security and fees to supported cryptocurrencies and user experience, this guide aims to provide you with the knowledge needed to make an informed decision.

Also, read Top 3 Cryptocurrency Exchanges In USA Based On UI

Choosing the right cryptocurrency exchange requires a thorough evaluation of various factors, including security measures, supported cryptocurrencies, trading fees, user experience, liquidity, customer support, regulatory compliance, ease of account setup, fiat currency support, and advanced trading features. By considering these aspects and conducting proper research, you can find an exchange that aligns with your trading goals and provides a reliable and secure environment for your cryptocurrency transactions.

Remember, selecting a reputable and trustworthy exchange is crucial to protect your investments and ensure a positive trading experience. Regularly review the performance of your chosen exchange and adapt as necessary to optimize your trading activities in the dynamic and evolving crypto market.

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Top 15 Things To Consider Before Choosing The Right ... - Blockchain Magazine

Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional, and sometimes, sketchy rollercoasters, youve come to the right place. So put on some soothing music and lets go!

A recently published report argues that Bitcoin is a safer investment than the United States dollar (USD). The study, titled Watch the Market Report, challenges the traditional perception that fiat currencies are inherently more secure than cryptocurrencies.

According to the report, Bitcoins decentralized nature and limited supply make it a less vulnerable asset compared to the USD, which is subject to inflationary pressures and central bank policies. The study also highlights Bitcoins growing acceptance as a hedge against economic uncertainty, citing its resilience during periods of market volatility.

However, critics argue that the report overlooks the inherent risks associated with cryptocurrencies, including price volatility and regulatory uncertainties. Nevertheless, the findings contribute to the ongoing debate surrounding the merits of digital currencies as alternative stores of value in an evolving financial landscape.

Signature Bank, a prominent financial institution, has publicly criticized US Senators Cynthia Lummis and Elizabeth Warren, blaming them for the recent collapse in cryptocurrency markets. According to the bank, the lawmakers negative rhetoric and proposed regulatory measures have contributed to the downturn in digital asset prices.

The banks CEO expressed concern that such statements and potential legislation create uncertainty and hinder the growth of the crypto industry. Senator Lummis, known for her support of cryptocurrencies, has called for sensible regulations to foster innovation and protect investors. On the other hand, Senator Warren has been more critical, advocating for stricter regulations and highlighting potential risks to consumers.

The clash between the perspectives of these influential senators and financial institutions like Signature Bank underscores the ongoing debate surrounding the regulatory future of cryptocurrencies in the United States.

A recent article delves into the transformative potential of blockchain technology in revolutionizing the gaming industry. By leveraging the decentralized and transparent nature of blockchain, game developers are exploring innovative ways to enhance user experiences, ownership, and monetization.

The adoption of blockchain enables players to truly own and trade in-game assets, eliminating the limitations imposed by traditional centralized models. The technology also facilitates the creation of provably fair gameplay, reducing fraud and enhancing trust among gamers.

Furthermore, blockchain-based gaming platforms enable the integration of decentralized finance (DeFi) elements, allowing players to earn and trade digital currencies and tokens. This convergence of blockchain and gaming opens up new possibilities for cross-platform compatibility, interoperability, and enhanced security.

As the gaming industry continues to embrace blockchain, its potential to reshape the gaming landscape appears promising, offering players a more immersive, secure, and decentralized gaming experience.

A French regulator has extended a warm welcome to cryptocurrency firms fleeing regulatory uncertainty

in the United States. As concerns over increasing regulatory scrutiny in the US persist, French authorities are seizing the opportunity to attract these businesses and position France as a crypto-friendly jurisdiction.

The regulators spokesperson emphasized the countrys commitment to fostering innovation and developing clear and comprehensive regulatory frameworks for digital assets. Frances pro-crypto stance, along with its efforts to streamline licensing procedures and offer tax incentives, makes it an appealing destination for crypto companies seeking a more favorable environment.

The move highlights the global competition among countries to attract blockchain and crypto-related businesses, as they recognize the potential economic benefits and technological advancements associated with this rapidly growing sector.

According to a recent report, the Biden administrations newly appointed crypto tsar has stated that the Department of Justice (DOJ) will focus on targeting digital asset exchange platforms. The move comes as part of the governments efforts to regulate and combat illicit activities in the cryptocurrency space.

The official emphasized the need for stricter oversight and increased regulations surrounding crypto exchanges, which have become key entry points for money laundering, fraud, and other illegal activities.

The DOJs intention to concentrate its efforts on these platforms signifies a shift towards holding exchanges accountable for facilitating illicit transactions. This development highlights the governments growing recognition of the need to establish a robust regulatory framework to ensure the integrity and security of the digital asset market.

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Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency ... - Innovation & Tech Today

The best cryptocurrency trading courses for beginners in 2023 offer comprehensive education

The decentralized, digital currency known as Cryptocurrency and its underlying blockchain technology used to create secure, fast, distributed, and decentralized ledgers are becoming mainstream recently. A basic understanding of cryptocurrency is required to trade or mine cryptos. The best way to stay on top is to take a cryptocurrency trading course.

In this era of digital learning, users from beginners to professionals at all levels can take a course because of the highly volatile nature of the crypto market. According to reports, the global Cryptocurrency market value is expected to reach $1.9 million by 2028. Cryptocurrency Trading has gained immense popularity in recent years, and it continues to attract both seasoned investors and beginners. However, the crypto market is complex and proper guidance and education are required for developing effective trading strategies.

A Comprehensive program by Udemy designed exclusively for beginners to provide the knowledge and skills to trade cryptocurrencies effectively. This beginner-level program covers all fundamental concepts of cryptocurrency, its risk factors and management, trading strategies, and a solid foundation for navigating the crypto market. An in-depth technical analysis along with practical examples makes the learning worth exploring.

The course is an in-depth foundation of the Cryptocurrency and blockchain financial markets. The main aim is to equip participants with the necessary tools and strategies to make informed decisions in the Cryptocurrency market. Its a beginner-level as well as an advanced-level program. The program covers topics like the foundations of blockchain, mining crypto markets, risk management, trading psychology, and ICOs.

An engaging course by Skillshare designed for beginners covers the basics of cryptocurrency trading which includes market trends, chart analysis, and executing trades. The crypto market which is risky is emphasized by providing the importance of risk management and tips for creating a profitable trading strategy. Beginners learn about different types of cryptocurrencies and their characteristics.

This course teaches students the backbone of professional trading strategies. Real-time information is used to apply these strategies. The strategies include Market Making Strategy, Market Neutral Mean Reversion Strategy, Triangular Arbitrage Strategy, etc. The benefit of this course is that trading can be started immediately using technical-historical analysis and risk and money management skills.

The course focuses on the investment and trading aspects of cryptocurrencies. It provides an overview of cryptocurrencies, blockchain technology, and their significance in the financial landscape. The course makes the student understand the regulatory and legal considerations in Cryptocurrency investment and trading. Students can access global learning communities and forums for discussion.

The course covers the different trading strategies employed in the Cryptocurrency market. Other main topics like swing trading, long-term investment, etc are also covered. This beginner-level course explores risk management techniques and teaches them how to adapt these strategies to changing market conditions. It provides students with insights from industry experts and real-world examples.

The course aims to help beginners to become day-to-day investors. To complement the students skillset, the course covers topics ranging from trading Cryptocurrencies, technical analysis, trading strategies, psychological and emotional risk management of the capital as well as retail trading aspects.

Udemys masterclass focuses on technical analysis, which is significant for successful Cryptocurrency trading. Based on technical signals, beginners can make informed trading decisions by teaching them to identify the entry and exit points. With hands-on exercise, it equips students with practical skills to predict the market.

This course by Skillshare focused on trading altcoins, an alternative Cryptocurrency to Bitcoin. The course is designed to provide a deep understanding of trading altcoins and the strategies involved. Students can explore and understand the Altcoin market trends and identify profitable entry and exit points.

A membership-based, interactive class founded by Jeff Wang and backed by Robert Kiyosaki, the author of Rich Dad, Poor Dad. The course provides the fundamentals and advanced concepts of cryptocurrencies and their underlying technologies. The goal of the course is to build solid trading expertise and apply professional strategies and risk management to crypto investments. The course is suitable for beginners, intermediates, and advanced students.

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10 Best Cryptocurrency Trading Courses for Beginners in 2023 - Analytics Insight

Rome, Italy, May 16, 2023 (GLOBE NEWSWIRE) -- In response to the critical decline of bee populations worldwide, a new cryptocurrency, $STB, also known as Save the Bees, has been launched. The primary objective of this unique digital asset is to raise awareness about the plight of bees and promote their conservation, reflecting their integral role in our global ecosystem.

Save the Bees cryptocurrency is designed not only as an investment opportunity but also as a fun, engaging platform for individuals to participate in bee conservation efforts. By integrating environmental activism with blockchain technology, $STB aims to leverage the power of decentralized finance to effect positive change.

Tokenomics of $STB are structured as follows: 5% Team Allocation, 10% CEX Listings, 3.09% Community events, and a significant 81.91% reserved for Pinksale DEX Presale and Pancakeswap. This distribution strategy ensures a balanced and fair growth for the token, while also promoting widespread adoption and use.

In order to establish trust and provide peace of mind for investors, $STB is designed with several safety measures. The owner of the token does not have the ability to set fees, determine the maximum transaction amount, mint tokens, blacklist wallets, or pause trading. These safeguards ensure that $STB operates as a truly decentralized digital asset, fostering transparency and protecting investor interests

Save the Bees token believes in the power of community, and through community events funded by the tokenomics, aims to bring people together in support of bee conservation. $STB is more than just a cryptocurrency it's a movement that unites technology and environmental activism, making it possible for anyone to make a tangible difference in the world.

In the coming months, $STB plans to further its mission by partnering with various environmental organizations and launching educational initiatives to inform the public about the importance of bees to our ecosystem. By investing in $STB, holders are not just participating in the world of decentralized finance, but also actively contributing to an important environmental cause.

Through its innovative approach, $STB invites everyone to join in its mission to "Save the Bees". As the token grows in popularity and use, it hopes to inspire other cryptocurrencies to integrate social and environmental causes into their business models, thereby fostering a new era of meaningful and responsible investment.

For more information about Save the Bees ($STB) and its mission, please visit its website

Email: contact@busybees

Website: https://savethebees.army/.

DISCLAIMER:

This announcement is not directed at any investors or potential investors, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.

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$STB - SAVE THE BEES CRYPTOCURRENCY LAUNCHES TO ... - GlobeNewswire

Summary: Bitcoin mixers are an essential tool for individuals who value their privacy and anonymity when conducting Bitcoin transactions.

CALIFORNIA CITY, CA / ACCESSWIRE / May 17, 2023 / With the latest development, Bitcoin Mixer offers services enhancing privacy and anonymity in cryptocurrency transactions. It gives users a way to safeguard their financial information. By using Bitcoin, every transaction that the users make is recorded on the blockchain, which is a public ledger that anyone can access, and their Bitcoin transactions are not entirely anonymous. In addition, their personal information and transaction history could be traced back to the users.

Bitcoin Mixer has emerged as a viable solution to enhance privacy and protect users' identities.

Bitcoin Mixer, Wednesday, May 17, 2023, Press release picture

By utilizing the Bitcoin Mixer, transactions are visible to all users of the Bitcoin blockchain, and everybody who wants to protect their privacy uses Bitcoin mixing services. Bitcoin Mixer offers a range of services tools with multiple features that work incredibly and attract users as well, including:

WhirlWind - It is a leading Bitcoin mixer that adheres to a strict no-logs policy, ensuring that once the mixing process is completed, all transaction information is permanently erased.

CryptoMixer - High volume Bitcoin mixer that provides service with highly secure mixing algorithms that ensure users' privacy and anonymity. It ensures the users neither crypto-hackers nor security agencies can keep track of their financial activities.

Sinbad - It is a Bitcoin mixer that offers a simple and easy-to-use interface to its users. The platform works efficiently and securely deletes all transaction information within an hour once the session is completed.

Coinomize - Bitcoin mixer that offers a variety of features. It helps to maintain a strict no-logs policy and offers remarkably low and flexible fees as well.

Mixtura - During the coin mixing process, it utilizes funds acquired from reputable cryptocurrency exchanges. (Binance & OKEx).

Anonymixer - To enhance anonymity, the platform helps to split the funds received from each user into smaller portions and seamlessly blends them with funds from other clients.

Bitcoin Blender - It is emerging as a high-quality Bitcoin mixer that offers a reliable and secure method to protect privacy when making transactions.

Yo!Mix - It gives the opportunity that the users can keep their names confidential.

Mixero - The platform empowers users to blend their bitcoins with those from fellow users, effectively concealing the origin and destination of funds.

Story continues

Furthermore, Bitcoin mixers mix Bitcoin with other Cryptocurrencies. Bitcoin mixers enable users to change their coins between each other and make it impossible to trace the source of Crypto. The users enter the Destination address, where mixed coins will be sent, and get the Mixer's address, where they should send their own Crypto that needs to increase the level of Anonymization. And then, the users wait for confirmations from the blockchain network before the mixing process can be completed.

About Bitcoin Mixer:

Bitcoin (BTC) mixers are an essential tool for individuals who value their privacy and anonymity when conducting Bitcoin transactions. It also offers services for mixing Ethereum (ETH Mixer) and Litecoin (LTC Mixer). The variety of mixers provides their users with a wide range of options to suit their specific needs and preferences.

http://www.bitcoinmixing.org

Contact name: Peter JamesCompany name: Bitcoin Mixer ServicesEmail: advertise@bitcoinmixing.org

SOURCE: Bitcoin Mixer

View source version on accesswire.com: https://www.accesswire.com/755660/Bitcoin-Mixer-Offers-Services-Enhancing-Privacy-and-Anonymity-in-Cryptocurrency-Transactions

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Bitcoin Mixer Offers Services Enhancing Privacy and Anonymity in Cryptocurrency Transactions - Yahoo Finance

As cryptocurrency continues to gain mainstream attention, many investors are looking for ways to get exposure to the market without directly owning cryptocurrencies that can be highly volatile or lack a regulatory framework. Investing in companies that are involved in the cryptocurrency market is an easy way to give your portfolio this exposure and capitalize on the profits this burgeoning industry can produce.

Two stocks that are well suited for this investment strategy are Riot Blockchain (RIOT 6.27%) and Coinbase Global (COIN 5.46%).

Image source: Getty Images.

Riot Blockchain is a Bitcoin miner that offers investors a way to gain exposure to the world's most valuable cryptocurrency. In recent years, few rivals have been able to keep pace with Riot's production and ability to cut costs and make money.

Since the beginning of 2022, the company has mined the second most Bitcoins in the industry with more than 8,200. This production is likely a reflection of its massive facilities in west Texas that continue to boost Riot's mining capabilities.

By successfully mining Bitcoin, Riot is then able to capture profits by selling the coins immediately at market prices or add then to its reserves and wait for Bitcoin's price to increase. Inevitably, Riot's stock is highly correlated to Bitcoin's price.

As for expenses, Riot employs a unique business model to ensure energy costs (the primary expense of Bitcoin mining companies) are kept in check. Thanks to the unique energy grid in Texas, Riot is actually able to sell energy that would have been dedicated to mining Bitcoin back to the electricity market. This proves to be especially strategic when the cost to mine a Bitcoin is greater than the potential profit, a scenario that is common in bear markets. As a result of this business model, Riot was able to generate more than $27 million in power credits through voluntary power curtailments in 2022.

Expanding on those low costs, the company spent around $17,900 on average per Bitcoin mined, the second lowest of all mining companies. Riot has a debt-free balance sheet and plans to expand its operations in west Texas by the end of the year, which could further reward investors.

There are few companies on the stock market today that allow investors to gain exposure to the entire crypto industry the way Coinbase Global does. Unlike Riot, whose business model revolves around Bitcoin, Coinbase is a cryptocurrency exchange that relies on the crypto market as a whole.

Although the shares remain well off their all-time highs, there is promise for Coinbase as its new revenue-producing strategies are finally bearing fruit.

While the company wasn't able to turn a profit this most recent quarter, it's as close as it has been in more than a year. This is directly related to the company's goal of shifting away from its dependence on transaction fees for profits.

To create revenue in even the toughest of markets, Coinbase has developed a suite of products called subscriptions and services. These products primarily consist of blockchain rewards, custodial fees, and interest income. Subscriptions and services now represent 49% of total revenue.

In addition to a more comprehensive offering of products, Coinbase plans on expanding its reach globally. Although the company already had a presence internationally, there is a renewed effort to prioritize overseas expansion. Progress is already being made with Coinbase recently launching its own International Exchange last March.

Thanks to this adaptability and agility, Coinbase has navigated multiple crypto bear markets in the past and looks as though it has made it through this one as well.

With the prospects of a rally in the cryptocurrency market looking more likely, Coinbase could provide investors with an easy way to gain exposure to an industry that is budding with potential.

RJ Fulton has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has a disclosure policy.

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Unleash Your Crypto Potential: Why Coinbase and Riot Are the Top ... - The Motley Fool

The truth is, if you can wrap your head around a fiat payment gateway, youll be able to understand the basics of how crypto payments processors work too they both operate on similar principles.

A payment gateway is effectively an application as a service that taps onto online retailers, e-businesses and traditional brick-and-mortar businesses to authorise the processing of transactions. Visa is currently the largest payments gateway in the world, and without it, in many instances, there would be no connecting force between the services charging accounts and the merchants requesting the charge.

Similar systems operate in the crypto world, enabling merchants to accept crypto payments in addition to fiat currencies. This is incredibly important, as it reduces barriers to payment. After all, the number of businesses that werent willing to hop on the contactless credit card revolution is negligible giving customers comfort in payment is a no-brainer, regardless of personal opinions on the kinds of payment methods that they use.

Diving deeper into the similarities and differences between crypto and fiat payment gateways, the inner workings of Bitcoin payment providers, integration types and best practices is key to our overall understanding of these connecting forces. Indeed, thats exactly what well be doing today.

While not identical to fiat payment gateways, there are some similarities. Crypto payment gateways are services that allow merchants to accept cryptocurrency payments as part of a general ethos of accepting online payments This could be on an e-commerce platform, a website, a mobile app or even an offline brick-and-mortar store. The gateways role here is to process and transfer the crypto payments, depending on the needs of the merchant, be it a hands-on approach to crypto or a hands-off. At the moment, the biggest cryptocurrency payment system by volume in the world is CryptoProcessing by CoinsPaid. With 9+ years of experience and a monthly transaction volume of over 1 billion, the platform takes first place as a market leader. However, many other platforms offer similar services, assisting their clients in accepting payments in crypto.

Understanding the role of crypto payment gateways requires a deeper dive into the benefits that merchants are able to tap into via offering crypto as a payment method. Indeed, there are many.

Firstly, crypto is a borderless, instant medium of payment. There are 180 currencies in circulation, each limited to the jurisdiction of mint. Great British Pounds may not be used in the United States without a conversion to US Dollars and vice versa. With cryptocurrencies, payment becomes universal, borderless and instant. International transfers can often take up to five working days and can be incredibly expensive on the customers side. This reduces their willingness to spend hardly a good outcome for the merchant.

Secondly, accepting cryptocurrencies can be a great marketing tool; more and more companies are moving into the realm of Web3 and they are attaining recognition for it as pioneers. At this very moment, theres an opportunity for every business to trailblaze for their industry and snatch up the additional market demand pent up amongst the 1 billion + users of crypto oday. With new partnership opportunities, an added niche to attract investment and unique strategies for market-entry, businesses can be scaled rapidly.

For instance, UK-based private jet service, Mirai Flights, was able to increase its revenue by 30% since partnering with CoinsPaid to accept cryptocurrencies. Due to instant nature of digital asset transactions, over 10% of the companys fliers now pay in crypto.

Next, fees are a very important facet of the crypto advantage-ball, so to speak. Whereas the payment processing companies of Web2 can charge merchants up to 3.5% per transaction, companies such as Coinspaid guarantee a maximum fee of 0.8%, with discount schemes pushing that number even lower. In other words, its a fantastic cost-cutting opportunity for businesses.

Lastly, when it comes to the blockchain, theres no centralised authority to verify the user. In this case, by default, chargebacks cannot be allowed and acceptance rates are on average incredibly high. That figure is 99% with CoinsPaid. This is a fantastic advantage for the merchant; not only does it stamp out any chance of chargeback fraud, but it also means that rolling reserves arent required to be as high. More capital will be available to the business.

Cryptocurrency payments integrations can look quite different to that of fiat payments on the merchant side. This is mainly because there is an instant conversion mechanic at play which converts the crypto into a fiat balance such as EUR. There are usually familiar processes when it comes to both deposits and withdrawals after all, with an online gaming business, there is often the option to top up some kind of balance which can then be withdrawn at a later stage.

When depositing crypto, a user will likely see a crypto deposit option on the merchants site, being invited to choose the kind of crypto that they choose to pay in;

According to the input information, an address with a QR code will be presented to the user;

Depending on the users preferences, they may choose to either scan the QR code using their phone, which will then open the installed crypto wallet on their smart device, or copy and paste the address manually into the built-in interface of their crypto wallet application;

The user will then initiate the transaction, during which the payment processor will make an automatic exchange of the received crypto into the desired fiat balance;

The merchants system then receives an API callback with the information about the deposit including the transactions status, currency pairs, amount, fees and so on;

Lastly, the amount is added to the users EUR balance on the merchants site.

Withdrawals are just as simple, and they start with a fiat balance on the merchants portal and a user request to withdraw in crypto.

The user will interact with a crypto withdrawal option on the merchants site, being invited to choose the kind of crypto they wish to be paid in;

They will then be invited to insert their address for payout;

According to the input information, the site makes a request to the processing party;

The payment processor makes an automatic exchange from the selected fiat currency, such as EUR, to an indicated cryptocurrency, such as BTC;

The merchants system receives an API callback with transaction parameters, including the transactions status, currency pairs, amount, fees and so on;

Lastly, the users EUR balance is decreased as per the transaction amount.

With every cryptocurrency payment processing gateway, there is a certain degree of flexibility as to the way in which users will input their information and confirm transactions. A big element of that flexibility relates to payment methods. CoinsPaid, for instance, offers a variety of options to fit any business model:

Invoices without restriction of payment time. Here, the user chooses a currency of payment themselves without a time restriction. The rate will be fixed when the user confirms their payment currency.

Invoices with payment time restriction. Here, the user chooses a currency of payment themselves, but the time restriction will be 15 minutes starting from the creation of the invoice.

Payment Channel Networks. These are blockchain-based systems that allow for numerous, fast and cost-efficient transactions between two parties for a set amount of time.

Plugins. These are pieces of software that integrate into an existing program as a pop up or an embedded payment portal, for example.

Payment links. Simply, a link is generated and sent to the client over email or an instant messenger such as Whatsapp.

Crypto payment providers, such as CoinsPaid, tend to integrate via API. If youve ever integrated another services API onto your platform, such as that of an automated KYC vendor, this will be a familiar process to you.

If youre unfamiliar with what an API is, its effectively an interface that allows the merchants website to talk to a platforms server.

Before you commit to a service, the team behind a crypto payment platform will aim to provide you with a demo account so you can get comfortable beforehand. Here, youll be able to familiarise yourself with the merchant dashboard and test all the tools, but some pre-test steps are usually required from you. As is the case with CryptoProcessing by CoinsPaid, youll be invited to download a testnet Bitcoin wallet, before acquiring testnet coins by visiting a designated website and entering your address, generated in the testnet Bitcoin wallet.

If you choose the hands-on approach and hold cryptocurrency on your books, you can choose which digital assets you want to store the funds in and set up automatic conversions of the incoming crypto revenue into this currency. You can set up withdrawals from the CoinsPaid account to an external crypto wallet. Often, merchants have a cold wallet, like a Ledger or Trezor, and store larger amounts there for extra security.

Alternatively, if you choose the hands-off approach, then in the dashboard you can set up automatic conversions into fiat, like USD or euro, when using the processing API. Also, you can make a withdrawal of fiat to a bank account, youll just need to link the account to your CoinsPaid dashboard. Also, in the dashboard you can set up the access roles for different people in your company for example, who can just view the transactions, and so on.

As you can probably tell, the integration process on CryptoProcessing.com is pretty convenient and straightforward this is why weve chosen to analyse their integration procedure in our article today.

So, its clear that there are a number of advantages to selecting a cryptocurrency processing partner. However, as weve covered, cryptocurrency can be tricky to manage. Therefore, the advantages are only to be reaped should the provider satisfy a number of criteria.

Firstly, a risk scoring system should be in place. In other words, one needs to be sure that a provider conducts ongoing transaction monitoring to stamp out any possibility of money laundering, terrorist financing or other criminal activity;

Secondly, the provider should support fiat conversions. Regardless of whether a company is looking for a hands-on or hands-off approach, instant fiat conversion is commonplace in the industry and one should have questions for Bitcoin payment gateways not interested in its provision. For example, CoinsPaid makes sure that their clients dont need a background in crypto;

Next, make sure to check the setup fee. The fine print will often reveal hefty setup fees under the guise of API integration fees. The truth is, crypto payment processing is fairly easy to set up, which is why the largest player on the market, CryptoProcessing by CoinsPaid, doesnt have any setup fees;

SWIFT and SEPA are the two most widely used forms of cross-border transfers. If a cryptocurrency payment processor doesnt support either one of these, you should have questions relating to their scalability and ability to handle cross-border payments;

As an honourable mention one should investigate the frills of a companys offering. What can they offer your company to sweeten the pot? Often, channels, invoices, e-commerce plugins and a large number of payment options can be welcome bonuses.

Itll come as no surprise that CoinsPaid offering checks each of these boxes. For that very reason, were convinced of its title as the best cryptocurrency payment gateway on the market.

As with most things in life, getting your head around crypto processing is easy, but understanding it on a technical level is much harder. Alas, we arrive at the aim of todays article to provide a crypto-curious audience with a comprehensive guide on crypto payment providers.

Today, weve defined the merchant-side benefits in accepting crypto as a payment medium, weve taken a look under the hood of cryptocurrency payments, the customer flow and the flexibility that certain systems offer, weve explored a typical integration procedure with the help of the worlds most popular crypto payment gateway, CoinsPaid, and lastly, weve endeavoured to provide some pointers on what to look out for when selecting a crypto payment processor for your business.

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Cryptocurrency Payment Gateways: What are they, and how do they ... - Analytics Insight

On this episode, Megan is joined by PartnerAllison Watkins Mallickand Cryptocurrency Mining and Staking Sustainability Association PresidentCameron Rafatito discuss the future of sustainable digital currencies. Covering everything from energy sources, grid stability, and permitting this episode dives into the regulations, impacts and innovations of cryptocurrency in today's world.

For more information, reach out to Allison or visitbakerbotts.com.

Environmental Evolutions explores emerging areas and recent developments in environmental law and policy.Click here to listen to prior episodes.

ABOUT BAKER BOTTS L.L.P.Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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By Kim Han-joo

SEOUL, May 18 (Yonhap) -- A special parliamentary ethics committee is set to review two motions calling for disciplinary action against Rep. Kim Nam-kuk over dubious cryptocurrency transactions, yet it is unlikely the embattled lawmaker will be unseated.

Kim left the main opposition Democratic Party (DP) to become an independent after it was revealed he owns a significant amount of coins, raising concerns about conflicts of interest and the source of the funds.

Amid growing criticism that he is attempting to evade responsibility by simply leaving the party, the DP submitted a motion to the Special Committee on Ethics on Wednesday, separate from the ruling People Power Party's (PPP) earlier motion.

The bipartisan committee, which is evenly divided by the PPP and DP, has the power to take discipline action against sitting lawmakers who are immune from arrest or detention while the National Assembly is in session.

Under the relevant parliamentary law, Kim may face one of four disciplinary actions -- a warning, an order for an official apology, suspension of legislative activities for up to 30 days, or an expulsion from the National Assembly.

Nonetheless, it may take up to 80 days for the motion to be sent to the National Assembly's general meeting, and the likelihood of the expulsion motion being passed is uncertain, as it requires at least two-thirds approval.

Since the special committee voted to unseat a former lawmaker, Kang Yong-seok, for sexist and derogatory remarks in 2011, no other expulsion motion has been passed through the committee. The motion against Kang was ultimately voted down during a plenary session.

The PPP has called for Kim to be stripped of his parliamentary seat for violating parliamentary ethics rules, while the DP has taken a cautious stance, citing the ongoing prosecution investigation on Kim.

The first-term lawmaker has come under fire following revelations that he owned around 800,000 Wemix coins in 2021, worth around 6 billion won (US$4.5 million) at the time, a significant amount inconsistent with his frugal image. Wemix, the cryptocurrency operated by a gaming firm, was delisted in November 2022.

The transactions were reported to the Financial Services Commission's Financial Intelligence Unit, which classified the withdrawals as suspicious transactions and reported them to the prosecution.

On Monday, prosecutors raided two leading cryptocurrency exchanges, Upbit and Bithumb, as part of the investigation into the snowballing suspicions surrounding Kim.

The young lawmaker has stated he did not cash out the assets but instead transferred them to another exchange, without clarifying the exact amount of his crypto assets. He further claimed he was not required to report such activities.

Rep. Kim Nam-kuk, a former member of the main opposition Democratic Party, checks his smartphone during a parliamentary inspection in Daejeon, 139 kilometers south of Seoul, on May 14, 2023. (Yonhap)

khj@yna.co.kr(END)

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Ethics panel to mull disciplinary action against lawmaker over ... - Yonhap News Agency

Business

Govt to 'never legalise' cryptocurrency in Pakistan: Aisha Pasha

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High-risk currency, involves fraud: SBP (Image: Reuters)

17 May,2023 06:48 pm

ISLAMABAD (Web Desk) Minister of state for finance Dr Aisha Ghaus Pasha said on Wednesday the government would never legalise cryptocurrency in the country.

A meeting of the Senates standing committee on finance was told that the State Bank of Pakistan (SBP) and the ministry of information and technology had started work on banning the cryptocurrency to discourage its usage.

Ms Pasha said the Financial Action Task Force (FATF) had also recommended imposing a ban on the currency.

On the other hand, SBP officials said the global cryptocurrency market had shrunk from US$2.8 to US$1.2 adding that it was a high-risk currency involving higher degree of fraud. Pakistan will never allow its usage, officials added.

Senator Saleem Mandvivala said Pakistan had invested billions of dollars in the crypto market.

The SBP went on to say that the FIA had been investigating the Pakistani investment into the currency adding that as many as 16,000 cryptocurrencies had erupted in the country

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Govt to 'never legalise' cryptocurrency in Pakistan: Aisha Pasha - Dunya News