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P2P Cryptocurrency Exchange – Get Rid of Intermediaries in Crypto Transactions

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P2P CRYPTO EXCHANGE SCRIPT-decb1512

 

 

Why Are P2P Crypto Exchanges Trending?

The introduction of peer-to-peer crypto exchanges has created quite a stir in

the cryptocurrency market. Peer-to-peer (P2P) cryptocurrency exchanges give traders complete control over their cryptocurrency assets while also improving security and anonymity during crypto trading.

 

Because they eliminate the need for a central authority to oversee cryptocurrency transactions, these exchanges are thriving in the crypto sector.

 

Given its widespread popularity among crypto enthusiasts, many established businesses and entrepreneurs see P2P cryptocurrency exchange development as a reliable way to boost their profits.

 

How Does It Work?

These platforms connect buyers and sellers directly, and all transactions are handled through an escrow mechanism to ensure that both parties fulfill their obligations without incident.

 

Because cryptocurrency transactions are direct, there is no single point of failure and no risk of losing money due to fraudulent activity.

 

P2P Cryptocurrency Exchange Benefits

 

  • P2P cryptocurrency exchanges bridge the gap between buyers and sellers all over the world.

 

  • These peer-to-peer cryptocurrency exchanges have significantly lower transaction fees than traditional centralized exchange platforms.

 

  • If you use P2P crypto exchanges, you don’t have to worry about your personal information being stolen.

Attractive Features Of P2P Crypto Exchange

 

  • Escrow system for atomic swaps

  • A powerful matching engine

  • Admin interface

  • Supports a wide range of languages

  • Strong security layers

 

How To Develop P2P Crypto Exchange?

 

After careful consideration, a white-label solution from a top-tier crypto exchange development company may be preferred over building a P2P cryptocurrency exchange from the ground up.

 

The actual cost and time required to develop a P2P cryptocurrency exchange development software are determined by a variety of factors such as security layers, the number of features you want to include in the platform, and so on.

 

On An Endnote

 

If you’re an aspirant cryptocurrency entrepreneur looking for the perfect time to build your feature-rich P2P cryptocurrency exchange development software, the time has come.

 

A top-performing crypto exchange development company provides the best and most dependable solutions that are both cost-effective and meet the needs and budget of your business.

 

The competent development team at the company has experience and expertise in developing P2P cryptocurrency exchange platforms with cutting-edge features tailored to your business requirements.

 

Because there are so many crypto exchange developers on the market, you should spend some time researching them. By doing so, you will be able to quickly locate your desired cryptocurrency exchange software developer.

 

 

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Balancing Privacy & Compliance to Ensure High Privacy for CBDC Payments

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Balancing Privacy & Compliance to Ensure High Privacy for CBDC Payments


Today, the public already accepts some financial privacy invasion. Existing digital payment methods, such as debit and credit cards, bank account transfers and mobile money payments do not have a high degree of privacy – and are growing in market share. Know-your-customer (KYC) measures are necessary to open bank accounts and, ultimately, to conduct transactions. That confidential KYC and transaction data is shared with intermediaries, such as banks, credit card companies, etc., that are involved in the transaction process.


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Bitcoin Has Entered Into The Early Bull Phase — Crypto Pundit Avers ⋆ ZyCrypto

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Still Bullish: Billionaire Money Manager Bill Miller Maintains View Bitcoin Will Rise Again Despite FTX Chaos

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Ki Young Ju, the CEO of data analytic firm CryptoQuant is convinced that Bitcoin is on the cusp of a major lift-off as crypto traders continue to switch from a risk-off to risk-on mode.

Earlier yesterday, Young tweeted that Bitcoin had “entered into the early bull phase”, suggesting that the top cryptocurrency by market capitalization could be preparing to push higher. Despite plunging by roughly 77% on the back of macroeconomic headwinds and a wider route in the crypto industry last year, Bitcoin has had a good run so far this year. This month alone, the crypto asset’s value grew over 40%, fully recovering from the FTX-induced sell-off and perching above levels last seen in August.

According to Young, whereas the asset’s price could pull back following the recent pump, there is a higher chance that it will continue to rise as various metrics turn positive. Highlighting the MVRV ratio, a profit and loss indicator that measures if the bitcoin price is undervalued or overvalued, the pundit noted that most investors were still underwater, reducing the incentive to sell.

Typically, when MVRV is above 3.7 (red area), bitcoin is said to be overvalued (market tops), and when it is below 1 (green area), bitcoin is said to be undervalued (market bottom). Recently the MVRV indicator moved above 1 (1.07), signalling the beginning of a bull cycle. 

In Young’s words;

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“No one would want to sell here at a significant loss. If someone sells a lot, it’s highly likely forced & unwanted selling due to bankruptcy, government-seized coins, etc.”

On Wednesday, Young also stated that there was a likelihood that wealthy investors would purchase struggling US-based Bitcoin (BTC) mining companies and their crypto holdings at a discount this year, preventing further miner capitulation. According to him, such acquisitions would significantly remove systematic risks associated with the mining sector, igniting a bullish storm for BTC and other cryptocurrencies.

“BTC miner capitulation might play out differently this time. Less likely, but it could be bullish if someone(s) acquires US-based Bitcoin mining companies and their crypto holdings at a significant discount this year,” he said.

Notably, the total supply of BTC in loss hit a 9-month-low this week, the lowest since April 2022, when Bitcoin was trading in the $40,000 range. Cryptoquant noted that “every time the supply in loss reaches values above 50%, capitulations occur, and price bottoms can be identified along Bitcoin’s history.” Currently, 32% of Bitcoin’s total supply is in loss after dropping from about 55% a month ago.

BTCUSD Chart by TradingView

At press time, Bitcoin was trading at $23,049, up 0.14% in the past 24 hours, according to data from CoinMarketCap.


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FTX Attorneys To Drag SBF’s Parents And Brother In Questioning About Their Personal Wealth

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FTX

The tragedy of FTX appears to be becoming more personal, as the bankrupt exchange’s legal counsels are now seeking to drag the founder’s family members and grill them about how they established their affluence.

In a court filing, FTX attorneys requested that Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, testify under oath and produce financial papers regarding their personal fortune as part of the company’s effort to reclaim funds that may be used to repay creditors.

Gabriel, the brother of former FTX CEO Bankman-Fried, will also be questioned in court over any financial benefits he may have gotten from the company.

SBF, although being collaborative to the point of spending the rest of his life in prison, has neglected to provide federal prosecutors with all the necessary information regarding the diverted money, resulting in the current situation.

Image: Euronews

Lawyers Seek Answer From SBF Family If They Received Money From FTX

In light of claims that FTX shifted billions of dollars in investor cash to prop up his Alameda Research trading unit, federal authorities have accused him with fraud. SBF entered a not-guilty plea.

According to reports, other FTX executives may be subject to the same inquiry in an attempt to locate assets associated with the bankrupt cryptocurrency exchange.

Sources also have it that Bankman-Fried’s mother provided tax advice and recruitment assistance to FTX personnel.

SBFFTX former CEO, Sam Bankman-Fried. Image: CNA.

Reportedly, his father served as a tax counsel to employees of the company and provided recommendations for the appointment of the company’s legal team.

Supposedly, Gabriel established a lobbying group and housed its operations in a mansion worth several million dollars not far from the U.S. Capitol.

It has been stated that his mother and brother are not helping with the investigation that is currently taking place into FTX.

Reuters reported in November that Bankman-Fried’s parents were signatories on a $16.4 million residence in the Bahamas, which was designated in property records as a “holiday home.”

FTX Owes Thousands Of Creditors  Money

SBF faces eight criminal counts, including violations of campaign finance regulations and wire fraud. Since his extradition from the Bahamas to the United States, he has been under house arrest at his parents’ home. His trial is scheduled to commence in October.

After the collapse of the once-powerful cryptocurrency exchange in November, newly released bankruptcy records revealed thousands of creditors to whom FTX owes funds.

Wall Street stalwarts like JPMorgan and Goldman Sachs were included on the 116-page list of creditors, which also included firms, charities, people, and other institutions.

Crypto total market cap at $996 billion on the daily chart | Chart: TradingView.com

Meanwhile, FTX has opposed to a request from the U.S. Department of Justice for an independent inquiry into the company’s collapse, claiming that it is already conducting a comprehensive review that includes family members of SBF.

FTT, the native token of the FTX cryptocurrency exchange, had risen by 185% over the last 30 days.

At the time of writing, the altcoin was trading for $1,940, a decrease of approximately 22% from its previous price of $2,4.00.

-Featured image: Novel Suspects


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