Desire (DSR) 24-Hour Trading Volume Reaches $9,990.00

Desire (DSR) 24-Hour Trading Volume Reaches $9,990.00

Desire logoDesire (CURRENCY:DSR) traded up 1.3% against the dollar during the 24 hour period ending at 13:00 PM E.T. on November 10th. One Desire coin can now be bought for about $0.0017 or 0.00000011 BTC on cryptocurrency exchanges including CryptoBridge, CoinExchange, Stocks.Exchange and Mercatox. Desire has a total market capitalization of $17,292.44 and approximately $9,990.00 worth of Desire was traded on exchanges in the last 24 hours. Over the last seven days, Desire has traded up 11.9% against the dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • Bitcoin (BTC) traded up 1.2% against the dollar and now trades at $15,292.13 or 1.00000000 BTC.
  • Ethereum (ETH) traded 0.7% higher against the dollar and now trades at $445.59 or 0.02913856 BTC.
  • Bitcoin Cash (BCH) traded down 2% against the dollar and now trades at $257.66 or 0.01684887 BTC.
  • Litecoin (LTC) traded down 1% against the dollar and now trades at $58.30 or 0.00381233 BTC.
  • Monero (XMR) traded down 1.5% against the dollar and now trades at $115.21 or 0.00753396 BTC.
  • UNUS SED LEO (LEO) traded 0.9% higher against the dollar and now trades at $1.30 or 0.00008479 BTC.
  • Zcash (ZEC) traded 3.5% higher against the dollar and now trades at $60.55 or 0.00395970 BTC.
  • Ethereum Classic (ETC) traded 0.4% higher against the dollar and now trades at $5.09 or 0.00033315 BTC.
  • Dogecoin (DOGE) traded 3.2% higher against the dollar and now trades at $0.0028 or 0.00000018 BTC.
  • HedgeTrade (HEDG) traded up 2.7% against the dollar and now trades at $0.84 or 0.00005475 BTC.
  • About Desire

    Buying and Selling Desire

    Desire can be bought or sold on these cryptocurrency exchanges: CryptoBridge, CoinExchange, Mercatox and Stocks.Exchange. It is usually not possible to buy alternative cryptocurrencies such as Desire directly using US dollars. Investors seeking to trade Desire should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Desire using one of the aforementioned exchanges.

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    Source: theolympiareport.com

    Author: Cynthia Hall


    How the Vaccine News Might Change Bitcoin’s Attractiveness to Institutions

    How the Vaccine News Might Change Bitcoin’s Attractiveness to Institutions

    While the economy has been on thin ice, no asset has benefitted more from the post-pandemic “new normal” than Bitcoin. Fear of the uncertainty has caused demand to rise in the insurance policy against the unknown.

    But as news of a vaccine being 90% effective broke today, so potentially did Bitcoin’s uptrend. Here’s how the positive vaccine news from Pfizer might change the cryptocurrency’s attractiveness to the recent wave of institutions considering adding BTC to their portfolios.

    2020 kicked off as a year like any other with high hopes for the future. The throwback to the “roaring 20s” however, ended up being a lot more similar than anyone bargained for.

    The 2020s, like the 1920s, saw a pandemic of epic proportions. The Spanish Flu outbreak that started in 1918, by 1920 had infected a third of the world’s population at the time. It killed significantly more people than the current pandemic, although we are only in the early stages of the virus and its lingering impact.

    There was also an enormous stock market crash in the 1920s. The fear of a second-leg down like what took place back then has kept the stock market sentiment fearful despite valuations soaring.

    With a vaccine on the way and the stock market never having collapsed a second time, traditional on-risk assets like stock indices, could become attractive once again, and pull capital away from safe havens like gold and Bitcoin.

    bitcoin covid vaccine pfizer crypto

    The stock market surged to all-time highs as positive vaccine news broke. Bitcoin plummeted. | Source: BTCUSD and SPX on TradingView.com

    While that might be difficult to imagine, as soon as the vaccine news broke, the stock market immediately shot to a new all-time high. Even the Dow Jones, which lacked a higher high since the Black Thursday, finally surged to set a new peak.

    At the same time, Bitcoin suffered one of the largest single-candle selloffs on the 6H BTCUSD chart. The selloff coinciding at the exact same time that stocks went flying, suggesting that the move could be institution-driven profit taking out of safe havens, back into the stock market.

    Bitcoin’s momentum has been unstoppable in 2020, but it could be due to institutions seeking to hedge against inflation, or even the unknown.

    As things begin to stabilize not just in the economy, but in politics, if a vaccine does come soon that is 90% effective as Pfizer claims, Bitcoin’s use as an insurance policy against an economic crash, could become less viable.

    Featured image from Deposit Photos, Chart from TradingView.com

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    Source: icryptodesk.com

    Author: admin


    Zebpay is launching a nonfungible token marketplace in India

    Zebpay is launching a nonfungible token marketplace in India

    Cryptocurrency exchange Zebpay, which has claimed to have a user base of over 3 million in India, is now exploring broader crypto market opportunities, such as digital collectibles.

    With its launch of a new marketplace called Dazzle, Zebpay has chosen to expand into the nonfungible token space. NFTs are unique but tradeable blockchain assets, which can be used to represent all manner of virtual and real-world goods.

    NFTs are unlike cryptocurrencies in that they can carry unique metadata and vary in their degree of rarity. They are increasingly becoming popular for tokenizing markets as diverse as video game items, digital art and fantasy sports.

    A Zebpay representative told Cointelegraph that the exchange is seeking to promote blockchain engagement beyond cryptocurrencies among India’s 5 million active crypto investors. In areas such as the digital art market, the exchange believes NFTs could offer Indian artists new opportunities to protect their digital copyrights and monetize their work. The representative further noted that the NFT global market has now hit $100 million in total value and growing, making it a promising sector.  

    For now, the marketplace is launching with Zebpay’s native NFT, called Dazzle. Zebpay’s representative said that the exchange plans to distribute tokens to members through various programs:

    “We’ll start with reward tokens offering zero membership or trading fees: some to our most loyal and active members, some as random airdrops, and some through fun contests. We probably will never sell them. We want to seed the ecosystem and let our members grow it organically. If they want to trade their NFTs, they can.” 

    As reported, a wide range of franchises, from top soccer clubs to Formula 1, are increasingly recognizing branded digital collectibles, NFT auctions and other blockchain-based ecosystems as efficient means to monetize fan engagement and construct markets for online viral phenomena and trends.

    Blockchain developers such as Vitalik Buterin have long identified these diverse applications as a potential route for the technology to gain traction among more varied markets, beyond retail and professional digital-asset trading.

    Published on November 10, 2020

    Source: coincrankerz.com


    Crypto Asset Scams: Peril in the Age of Covid-19 and Related Legal Reform

    Crypto Asset Scams: Peril in the Age of Covid-19 and Related Legal Reform

    As central banks around the world strive to counter the effects of Covid-19 in their respective economies, prospects of rapid inflation have led investors to believe that crypto assets, could be a good hedge going forward.  For example, the price of Bitcoin has surged to more than $15000, boosted by news such as PayPal’s new services and more financial institutions engaging with cryptocurrencies with some referring to them as an “alternative asset akin to gold”.

    With such success, investors have not been the only ones trying to take advantage of these developments. Unfortunately, as with any new opportunity, scammers and criminals have also been exploiting opportunities as a result of this crypto asset boom. This has naturally led to law reform and more regulation of the crypto asset space to protect consumers and investors. 

    There have been various scams and schemes targeting consumers, via online platforms through a variety of strategies. Some have involved forged requests for payment, the establishment of fake cryptocurrency exchanges in order to gain access to existing crypto wallets and manipulating software to distort prices and investment returns in order to artificially drive up the value of crypto assets. 

    Many may wonder what the difference is to other scams involving bank accounts and other investments products involving fiat currency?  There is indeed a lot of similarity, however, unlike traditional online bank frauds, the anonymous nature of blockchain makes it extremely challenging to track down and retrieve stolen crypto assets as scammers can more easily exploit technicalities which enable them to hide the destination of victims’ funds.

    For example, in May 2019, $40 million of Bitcoin, two-factor authentication codes and API tokens were stolen from Binance. Also in 2019, a small team of scammers based in the Netherlands and UK created a fake website which helped them gain access to $27 million worth of user Bitcoin wallets across 12 countries. There are many new technologies and concepts being developed by exchanges and services providers to minimise such risks. There have also been consumers that have unfortunately suffered losses due to products being sold to them that they do not fully understand or comprehend. This is an area, like traditional investment products, where consumers can benefit from further legal protection and regulation. This is a natural evolution for the digital asset business. 

    A recent example of a world class regulator taking action to protect consumers was announced on the 6th of October 2020. In an attempt to mitigate against the risk of retail consumers falling victim to such schemes, the Financial Conduct Authority (FCA) announced a ban on the sale of derivatives and Exchange Traded Notes (ETNs) that reference certain types of crypto assets to “retail” consumers.  For clarification, the FCA has not banned crypto assets themselves, but a set of complex and poorly understood derivatives that track unregulated crypto assets targeting vulnerable “retail clients” under the Markets in Financial Instruments Directive (MiFID) who, do not possess the experience, knowledge and expertise to make their own investment decisions.   

    Specifically, the ban will affect “the sale, marketing and distribution” to retail investors of any derivatives contract or ETNs that linked to “unregulated transferable crypto assets” issued by entities in or outside the U.K.  Unregulated transferable cryptoassets are tokens that are not ‘specified investments’ or e-money, and can be traded, which includes well-known tokens such as Bitcoin, Ether or Ripple. Specified investments are types of investments which are specified in legislation. Firms that carry out particular types of regulated activity in relation to those investments must be authorised by the FCA.

    The U.K. ban will come into effect on 6 January 2021 and it will apply to: 

  • MiFID investment firms, including credit institutions as appropriate, marketing, distributing or selling crypto derivatives in, or from, the UK to retail clients;
  • UK branches of third-country investment firms who are marketing, distributing or selling crypto-derivatives in, or from, the UK to retail clients; 
  • EEA MiFID investment firms which currently passport into the UK and which continue operating in the UK after 6 January 2021 under the temporary permissions regime or the financial services contracts regimes.
  • The ban will not be applicable to the sale and distribution of crypto asset derivatives and ETNs to “professional clients” under MiFID. This seems like a natural evolution of regulation around crypto assets designed to protect vulnerable consumers and investors.  The FCA’s retail ban is an important step in regulators acknowledging the increased prevalence of and demand for crypto assets. This will benefit the crypto asset and digital asset industry in the medium to long term. In the grand scheme of things, retail crypto asset derivatives was a small part of the crypto asset market and the industry does not benefit from scandals or retail consumers suffering losses.  

    Numerous regulators and agencies have issued statements warning consumers to be especially vigilant in respect of Covid-19 crypto asset scams.

    The FBI has also warned about medical provision scams, in which criminals pose as online vendors of PPE and treatments. There have also been a number of blackmail attempts in which scammers write emails threatening to release victims’ personal information and infect them with Covid unless they send payment to a Bitcoin wallet.   

    As a purely digital asset, cryptocurrencies do not possess many of the systemic safeguards that are naturally built into fiat currencies. Unlike with traditional bank accounts, scammers don’t need personal data to receive crypto assets, thus enabling them to set up multiple wallets to disguise the location of the victims’ funds. It is crucial that crypto asset service providers have a strong compliance framework in place to mitigate against the risk of fraud and instil greater user trust in both the service provider as well as the cryptocurrency ecosystem as a whole.

    Such a framework may include controls to detect and prevent price manipulation, risk management, cybersecurity measures and enhanced customer due diligence. Exchanges should ensure that user assets are well protected and secure, preferably in cold wallets, with multifactor authentication in place to accurately verify user identities. A dedicated cyber team should be trained to monitor security updates and conduct regular penetration testing, while compliance officers should ensure they continuously monitor regulatory developments in their respective trading jurisdictions to ensure they are not illegally offering products to certain customers. Following such practices will help enable exchanges to build greater trust with users while avoiding unwanted regulatory scrutiny.

    There is no doubt that with more robust processes and “anti-scam” technologies being put in place by service providers and the regulatory landscape evolving to protect consumers, the crypto and digital asset industry will continue to thrive and evolve. 

    By Abradat Kamalpour, Partner Ashurst LLP and Architect of FinTech Legal Labs (www.fintechlegallabs.com),  Ida Mokhtassi, Associate Ashurst LLP and Emily Jones, Trainee Ashurst LLP.

    Crypto AM: Talking Legal in association with INX

    Source: otcpm24.com

    Author: News Bureau


    Desire (DSR) 24-Hour Trading Volume Reaches $9,990.00


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