Cryptocurrency

Cryptocurrency Prices Today: Bitcoin Below $21K, DOGE Marginally Down

Published

2 weeks ago

January 20, 2023

Cryptocurrency Prices Today: Bitcoin Below $21K, DOGE Marginally Down

This article features the top ten cryptocurrency prices today on January 20, 2023

Major cryptocurrencies traded in the green early on January 20 as the global crypto market cap rose 0.82 percent to US$976.34 billion, over the last day. The total crypto market volume over the last 24 hours is US$40.59 billion, which makes a 32.67% decrease. Here are the top 10 cryptocurrency prices today for you to check before investing.

Analytics Insight lists the top 10 current cryptocurrency prices on January 20, 2023

Bitcoin (BTC)- US$20,972.68 (up by 0.74%)

Ethereum (ETH)- US$1,546.56 (up by 1.21%)

Tether (USDT)- US$1.00 (up by 0.01%)

Binance Coin (BNB)- US$288.55 (down by 0.68%)

USD Coin (USDC)- US$0.9999 (up by 0.01%)

Cardano (ADA)- US$0.3367 (up by 1.33%)

XRP (XRP)- US$0.3881 (up by 1.25%)

Dogecoin (DOGE)- US$0.08097 (down by 0.09%)

Polygon (MATIC)- US$0.9443 (down by 0.19%)

Binance USD (BUSD)- US$1.00 (up by 0.03%)

According to CoinMarketCap, the global crypto-market cap is US$976.34 Billion with a volume of US$40.59 billion over the last 24 hours with a decrease of 32.67%.

The post Cryptocurrency Prices Today: Bitcoin Below $21K, DOGE Marginally Down appeared first on Analytics Insight.

Up Next

Investors Should Be Wary Of Zcash (ZEC) And Solana (SOL), While Orbeon Protocol (ORBN) Can Lead The Altcoin Rally

Don't Miss

Digital Money: The Future Of Payments

Click to comment

Account

Russians Offered Ready-Made Crypto Exchange Accounts Amid Restrictions

Published

1 hour ago

January 31, 2023

Lubomir Tassev

Russians Offered Ready-Made Crypto Exchange Accounts Amid Restrictions

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.

Bitcoin Price

Crypto Market Turns Red – Here Are The Key Events To Watch This Week

Published

15 hours ago

January 30, 2023

Elena R

Crypto Market Turns Red – Here Are The Key Events To Watch This Week

The crypto market started the year on a positive note where most of the cryptocurrencies doubled their value. Since the start of 2023 Bitcoin has jumped nearly 40% and managed to hit a high of $23,861 just a day before, on January 29. This phenomenon pushed the overall cryptocurrencies on a brighter side where even the global crypto market cap has moved beyond the $1 trillion mark.

At the time of writing, Bitcoin is valued at $23,236 after a fall of 1.32% over the last 24hrs.

However, many industry experts have claimed that the upcoming week will not be a cakewalk for the crypto market. This is because they expect many global events that might rebound the positive market and the same is already felt as BTC loses nearly 2% in the last 24hrs.

Top Events Affecting Crypto Market

Fed’s Interest Rate Hike

The Federal Open Market Committee or also known as FOMC is set to have its next meeting on February 1st. Even though most of the investors and traders expect the US Federal Reserve to reduce the interest rate hike by 25bps, the possibility for 50 bps is still under consideration. Further, this interest rate hike will influence Fed Chair Jerome Powell’s approach.

Interest Rate Hike By European Central Bank

Next, as per the reports, the European Central Bank is expected to increase interest rate by 50 bps. Along with the European Central Bank, even the Bank of England is set to hike interest rates by 50 bps on February 2nd.

Major Tech Companies To Release Quarterly Results

It’s a known fact that the crypto market is always correlated with the US stock market, especially Nasdaq 100. This week major tech companies like Meta, Apple, Google and Microsoft are set to release their quarterly report which will have a deep impact on Bitcoin.

US Unemployment Data

This week the US Bureau of Labor Statistics will release the non-farm payrolls and their unemployment rate data. As of December 2022, the US unemployment data has decreased to 3.5% as the country’s economy had added 223,000 jobs during the same time.

The coming week will be extremely important for the crypto market because of which the traders and investors will have to reconsider their investment decisions.

Was this writing helpful?

No Yes

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Cryptocurrency

Top Cryptocurrency Prices Today: Bitcoin And Ethereum Trade Higher

Published

1 day ago

January 30, 2023

Jayanti

Top Cryptocurrency Prices Today: Bitcoin And Ethereum Trade Higher

Bitcoin with many others register hikes. Analytics Insight lists the top cryptocurrency prices for today

Top cryptocurrency Prices today were trading higher and the world’s largest and most popular digital token Bitcoin is trading at more than US$23K. The value of Ethereum also surged by more than 2 percent and is trading above the US$1,600 mark. Other top Cryptocurrencies such as Solana, Tether, BNB, and XRP also posted decent gains. The global cryptocurrency market cap was trading higher at the US$1.08 trillion mark, registering a hike of nearly 2 percent in the last 24 hours.