Author: changehero
October 6, 2020

September shaped up to be a month that defied many expectations. Bitcoin markets did not continue to rally, but were holding out pretty well. Several events, such as KuCoin hack and BitMEX charges were shrugged off by the charts. In this article, ChangeHero team will round up the September developments in the cryptocurrency news and […]

September coin digest

September shaped up to be a month that defied many expectations. Bitcoin markets did not continue to rally, but were holding out pretty well. Several events, such as KuCoin hack and BitMEX charges were shrugged off by the charts. In this article, ChangeHero team will round up the September developments in the cryptocurrency news and coin digest.

ChangeHero Updates

New Currencies on ChangeHero

Let’s start with the most exciting thing: the new coin digest! In September alone, we introduced 6 new currencies: Populous token (PPT), Basic Attention token (BAT), Augur v2 REP token, UNI governance token, QTUM and NEM (XEM). Exchange them all on ChangeHero with any other currency you own!

Interviews with Our Partners in Coinify and Jelurida

We were lucky to have not one, but two fascinating conversations with representatives of our partner companies. 

First, in the interview with the CEO of Coinify, Mark Højgaard, he shed some light on how Coinify manages to be the leader in European crypto businesses, what compliance-related hurdles crypto faces and how they help:

“Because of varying regulatory perspectives, access to virtual currencies also varies globally. At Coinify we actively work to make it easier for citizens across the world to access our cryptocurrency services.”

Read more in the article!

Then, we got Jelurida’s Senior Sales Engineer Francisco Sarrias to talk with us about building Nxt and Ardor and what makes them stand out. Ardor is developed as a Blockchain-as-a-Service to power enterprises, but as for the traditional financial system, he doesn’t think it is ready for crypto yet:

“Traditional banking firms are years away to have a welcoming attitude towards cryptocurrencies. They are using internally permissioned blockchains for improving their own operations but anything open, public and transparent causes an allergic reaction in their management boards.” And he shared similar opinions on crypto and other projects in the full interview.

We find both of these extremely informative, so give them a read if you haven’t already!

And now, let’s see what cryptocurrency news made the most impact in August in the next section. Find Bitcoin digest and top coin digest further in the article!

Cryptocurrency News in September

Bitcoin Digest

Analysts of the Kraken exchange pointed out at the end of August that historically, Bitcoin was showing the lowest performance in September. Unluckily, it did show negative results this September, but it only means that the toughest month for Bitcoin traders is finally over.

Bitcoin Consecutive Daily Closes above $10,000.
Source: Messari, CoinDesk Research

Despite showing decline in price, Bitcoin has continued to hold above the $10 thousand mark. In fact, it renewed its 2017 record for the consecutive daily closes over $10k, and is still going strong.

Enough about Bitcoin for now, as there is even more news for an altcoin-focused coin digest!

Altcoin Digest

Monthly Transaction Fees in Bitcoin (red) and Ethereum (blue).
Source: Glassnode

Thanks to the growth in popularity of DeFi, Ethereum miners have absolutely crushed Bitcoin miners in revenue. In fact, most of it came not from mining rewards but from transaction fees. At least someone gets positive results from the gas increase…

DeFi News

Decentralized Exchange Share in Total Daily Volume.
Source: The Block Research

In September, the daily volume of exchanges on DEXs more than doubled, and now constitutes almost 14% of the total daily volume on the whole crypto market. Just in May, it was sub-1%.

Most of this volume comes from the Uniswap exchange. In September, they rolled out Uniswap v2 and launched their own UNI governance token, which was airdropped to anyone who used Uniswap prior to that.

Estimate Value of WBTC Mints by Month.
Source: Wrapped Bitcoin, Coin Metrics, CoinDesk Research

Briefly returning to Bitcoin digest, apparently, it has also more than doubled its position in DeFi. Of course, we’re not talking about the OG BTC, but about WBTC — a Bitcoin-pegged ERC-20 token. There is a high demand with OTC traders for this exact type of asset, for the exact same reason: bring Bitcoin to DeFi.

Policy and Regulation News

One of the stories that caused the most resonance in the community is the announcement of a bounty to develop a tracking system for Monero transactions, which was made by the US Internal Revenue Service. The promised reward is hefty — $625,000 — but the problem is that Monero uses a range of cryptographic technologies to keep the transactions private by default. CipherTrace have previously claimed to be able to do it, but so far no substantial proof followed. The winners of the contract were Chainalysis and Integra FEC. To be honest, we’d like to see them try.

Cryptocurrency Adoption News

And some more news from the US: the Office of the Comptroller of the Currency, main banking regulator in the States, greenlit the banks to hold reserves of stablecoins in their custody. With the top capitalization stablecoins being pegged to USD, this is quite important, as it finally deems it legal to keep a stablecoin reserve.

Interesting Posts from Twitter

World-rank media Reuters shared some excerpts from the interview with Jack Dorsey earlier this month, showing it to its 22 million audience. Jack came on record saying that in his opinion, Bitcoin is fit to be the native currency of the Internet, as it’s built on the same principles of consensus as the World Wide Web.

In the wake of the Ethereum network being as busy as ever with DeFi, gas fees are a big meme in the community. Anything that helps you cope with a $7–8 median fee.

The community has also been watching the purchases of BTC by Microstrategy, a public investing business. To put the sheer amount of $425 million BTC they own now into perspective, self-described data enthusiast Holger included it into his visualised supply distribution chart. While 38,250 BTC is, no doubt, a lot, this is 2% of the circulating supply basically in single entity’s ownership.

Top Coin Digest: September Price Change

Now that we have covered the cryptocurrency news, it is the part of our digest in which we make a lightning round-style top coin digest. In this list we included top-10 by market cap currencies that can be exchanged, bought and sold on ChangeHero.

The market’s dynamics for September were the following:

  • Total Market Cap declined by 9.8% and was equal to $342,127,960,288 at the close;
  • BTC Dominance went from 57.18% to 57.9% at the month’s close.

In September, Bitcoin price shifted negatively, so it is not surprising to see that most other markets acted the same way. However, there are a couple of gainers in the top-10: Binance Coin and Monero. During September, the top currencies saw the following changes:

Gainers of September

  • Binance Coin (BNB);
  • OKB ↑6.58%;
  • Monero (XMR).

ChangeHero September Stats

After rounding up the news and making the coin digest, we’re ready to give you some stats on our work this past month.

Min/Max Fee

The Best Rate exchanges were maintained at 0.5% service fee, as always. The risk fees in Fixed rate transactions varied from 0.6% to 1.0%.

Top five pairs of September

  1. BTC–ETH — 898 exchanges;
  2. BTC–XMR — 457 exchanges;
  3. BTC–USDT — 397 exchanges;
  4. BTC–BSV — 331 exchanges;
  5. ETH–BTC — 243 exchanges.

New reviews and ratings

BestChange: 29 reviews, all positive;

TrustPilot: Excellent (4.8), 7 reviews (6 5-star, 1 4-star)

Swap time facts

The quickest exchange took only 45s to be processed (ALGO_BTC);

Out of 8,464 successfully finished transactions in September, 6.11% (517) of them were processed in less than a minute and 27.4% (2,319) — in 5 minutes or less.

Growth of our reserves

In comparison with August, in September we increased our reserve to $13,263,010 to make sure that all exchanges go smoothly.

Average response time of support

Despite many markets trading in the red past month, our Support Heroes were always busy. They managed to keep the average response time up to 13 minutes by email and a minute in chat.

New website users

In September, our unique pageviews and users on average were increasing by 6% each week. In total, when compared to the end of August, both metrics increased by 10%.

What are our plans for October?

ChangeHero team, as always, keeps working on improving the user experience and security of the service on the back end. Obviously, we will keep introducing more coins for our users to exchange.

You may also look forward to a very spooky (and fun!) event closer to Halloween on our social media, as well as more interviews and collaborations. In fact, we are already working on them and can’t wait to unveil them.

We’ll see what we achieve in the next cryptocurrency news and top coin digest!

Summary

Hope you enjoyed this news and top coin digest for September. Like we mentioned in the Bitcoin digest, the tough part of the year is past us, so we will be looking forward to what Q4 brings.

Keep swapping with ChangeHero and follow our updates and cryptocurrency news reported on our blog, Twitter, Facebook, Reddit and in Telegram.


Learn more:

Quick links:

Author: changehero
September 1, 2020

In August, the markets were less hectic and we saw the first dips. The most impactful cryptocurrency news, events and changes? ChangeHero’s updates for the past month? A coin digest for most of the top currencies? Find all this in this August digest by the ChangeHero team! ChangeHero August updates SwapSpace Finally, we joined the […]

August Coin Digest by ChangeHero

In August, the markets were less hectic and we saw the first dips. The most impactful cryptocurrency news, events and changes? ChangeHero’s updates for the past month? A coin digest for most of the top currencies? Find all this in this August digest by the ChangeHero team!

ChangeHero August updates

SwapSpace

ChangeHero Partners with SwapSpace
ChangeHero and SwapSpace Partnership

Finally, we joined the list of partners of SwapSpace, an instant cryptocurrency exchange aggregator. Now on their site users can choose rates from a variety of partners, including ChangeHero, compare them and perform swaps seamlessly, saving their time.
Together with them, we launched and concluded a giveaway on Twitter for the communities of both teams.

CoolBitX

We got the chance to interview David Tsai, the Executive Vice President of Sales of our other recently announced partner, CoolBitX. We highly recommend checking it out for the insights about CoolWallet S, ChangeHero integration in it and an inside view from the blockchain industry.

Coinify

In July, we finally announced our partnership with Coinify! Users can now buy crypto with Europe’s leading fiat-to-crypto provider integrated to our website.
And now, let’s see what cryptocurrency news made the most impact in August in the next section. Find Bitcoin digest and top coin digest further in the article!

Cryptocurrency News in August

Bitcoin News

Bitcoin digest for August can be summed up by saying that despite the dips and spikes in price, for the past month it has been slowly climbing up. We covered the price change in one of the following sections, make sure to check it out!

  • Bitcoin’s market capitalization exceeded Intel and Coca-Cola stocks at the beginning of August. Later, in mid-August, it exceeded Bank of America (BoA) and NZ Dollar (NZD) (At the moment of writing our Bitcoin digest, both BoA and NZD are back in their positions in respective ratings).
  • A few entities ran ads in prominent financial newspapers suggesting to invest in Bitcoin. Galaxy Digital Investments did it in The Financial Times, while Apple Daily, Hong-Kong newspaper, did so of their own accord in protest of the mainland regime. Bitcoin was also advertised in India’s The Economic Times, as Bitcoin.com reports.
Growth of "whale" addresses and the price of BTC.
Source: Glassnode, CoinDesk
  • Bitcoin’s rich list (the amount of addresses with at least 1,000 BTC) is at its highest. Experts connect this to the increase of interest from institutional investors.

Policy News

About a week ago, Jerome Powell announced a new monetary policy for the US regarding inflation. The US will be willing to increase their 2% goal in the light of the damages dealt by the pandemic to the States’ economy. Due to a high degree of penetration of USD in the global economy, this might have an impact on it as well. This factor might also have been driving investors seeking hedge against inflation to Bitcoin, as its supply is hard-coded to be 21 million.
But enough about Bitcoin, as there us even more news for an altcoin-focused coin digest!

Tech News

Median transaction fee in Ethereum for the past 3 months.
Source: blockchair.com

The whole month we were closely following the development of Ethereum 2.0 testnet Medalla. The news associated with it were both positive and negative. Since this is an Ethereum coin digest, suffice to say in the end, it seems that everything is proceeding according to plan. The first implementations of the rehauled Ethereum network will be released this year. This is extremely timely, since Ethereum network is seeing extreme load again, and the network fees keep going higher.

DeFi News

And speaking of Ethereum fees, the main, though not the only, culprit is the DeFi. In August, the interest in DEX trading and yield farming scored unprecedented records. The buzz spread so far and involved so many quick-buck seekers that the number of voices calling out for regulation is increasing. The situation is reminiscent of the 2017 ICO craze, and if things continue to develop in the same vein, regulators will not take too long to crack down on this market. That is, once they figure out how to do it in the first place.

Crypto Twitter in August

IMF on Crypto


The International Monetary Fund posted an educational video in their Twitter account, which went viral. In 2 minutes, they explained the main advantages of cryptocurrency and gave insight into what risks should be solved before they see truly global scale of adoption. However, this video was criticized for not even mentioning Bitcoin and bringing up an old argument of sceptics that anonymity makes it attractive to “bad guys”. Nevertheless, even the IMF acknowledged the role cryptocurrencies can play in transforming the global economy.

Dave Portnoy’s Friends to Lovers to Rivals Journey in Crypto


Fintwit celeb Davey Day Trader AKA Dave Portnoy has been the fascination of the month on Crypto Twitter. First, he held an open mind to the topic and invited Winklevoss twins to gain more knowledge. A few days later, he started shilling low-cap coins and proclaimed himself the King of Bitcoin. However, his reign did not last long, for Portnoy exited the game as soon as it cost him money. Anyway, it looks like he swore to eventually make a comeback.

Rise of the Memers


Speaking of Portnoy, user @Cryptanzee made a couple of videos on his journey, going viral in the process. This is coinciding with DeFi having a weird moment when meme tokens and protocols break all kinds of records: YAM, Spaghetti Money, Based, SushiSwap — you name it. A meme coin digest would be really welcome in this landscape! Memeability became an earnest metric in a chance of a project’s success, and many of developers are none too shy to use it to their advantage.

Top Coin Digest: August Price Change

Now that we have covered the news, it is the part of our digest in which we make a lightning round-style top coin digest. In this list we included top-10 by market cap currencies that can be exchanged, bought and sold on ChangeHero.
Here is what the difference between the opening price of each currency and the closing price looked like in August:

ChangeHero Gainers of August: 

ChangeHero August Stats

We’re excited to sum up and share our successes with you in a form of statistics.

Min/Max Fee

The Best Rate exchanges were maintained at 0.5% service fee, as always. The risk fees in Fixed rate transactions varied from 0.3% to 1.2%.

Top five pairs of August

  1. BTC–ETH — 1277 exchanges;
  2. BTC–USDT(ERC-20) — 513 exchanges;
  3. ETH–BTC — 393 exchanges;
  4. BSV–BTC — 241 exchanges;
  5. LINK–BTC — 168 exchanges.

New reviews and ratings

BestChange: 17 reviews, 16 positive and 1 neutral;
TrustPilot: Excellent (4.8), 13 reviews (all 5 stars!)

Swap time facts

The quickest exchange took only 33s to be processed (BSV_XRP);
Out of 11,052 successfully finished transactions in August, 7.37% (814) of them were processed in less than a minute and 33.3% (3,680) — in 5 minutes or less.

Growth of our reserves

In comparison with July, in August we have slightly reduced the reserve to $10,443,617. Regardless, this is ample supply to be sure that all exchanges go smoothly.

Average response time of support

August was busier than previous months because of the growing activity on the markets. Still, the average response time reported by the support team comes up to 16 minutes on email and a minute in chat.

New website users

In August, our unique pageviews and users on average were increasing by ~10% each week. In total, when compared to the end of July, both metrics increased by 10%.

What are our plans for September?

ChangeHero team keeps working on improving the user experience and security of the service on the back end. We are also working on a new coin integration at the moment of writing, and getting ready for another yet unannounced partnership.
For all three campaigns mentioned in the first section, we still got some more activities on social media coming in the near future, so keep your eyes peeled for the news!
We’ll see what we achieve in the next news and top coin digest!

Summary

Hope you enjoyed this news and top coin digest for August. In the coming weeks and months, there surely will be more news to include in our Bitcoin digest, as the market is readying to move.
Keep swapping with ChangeHero and follow our updates and cryptocurrency news reported on our blog, Twitter, Facebook, Reddit and in Telegram.


Learn more:

Quick links:

Author: changehero
July 1, 2020

In the month of June, ChangeHero team has had a few exciting announcements, made several informative blog posts and shared a few snippets of our daily work. Let’s see once more what we managed to tell you! CoolWallet S Integration Announcement and Collaboration In June, CoolBitX and ChangeHero announced a major update that introduced the […]

ChangeHero June Digest

In the month of June, ChangeHero team has had a few exciting announcements, made several informative blog posts and shared a few snippets of our daily work. Let’s see once more what we managed to tell you!

CoolWallet S Integration Announcement and Collaboration

ChangeHero and CoolWallet S
In June, CoolBitX and ChangeHero announced a major update that introduced the ChangeHero exchange option to the leading mobile hardware wallet CoolWallet S via API integration into the companion app. To see for yourself how easy the process is, check out our step-by-step guide on how the in-app exchange works.
To celebrate this occasion, we have had a joint giveaway of CoolWallet S devices to lucky winners, which attracted almost a thousand participants! But this is not the end of the exciting events tied to this collaboration, make sure to follow our Twitter for more news to come.

ChangeHero in DailyHodl and AMB Crypto

This partnership was also announced in top crypto media outlets, dailyhodl.com and ambcrypto.com. These media are visited daily by hundreds of thousands of viewers, and are go-to places for the most recent crypto news and announcements.

Algorand on ChangeHero

Last month, we introduced native support of Algorand (ALGO) on ChangeHero. This means that the exchanges with ALGO are processed quickly and reliably without any delays. Check it out! You can also buy and sell it right on our website.

Champion Pair of the Month

This month, the absolute champion in popularity with the users was the BTC–ETH pair. Both currencies were showing surprising highs, especially in the beginning of June, therefore traders exchanged the coins to score some gains. It’s true that some other altcoins like DigiByte or Chainlink showed more impressive results, but most traders seem to stick to the top currencies.

Top Currencies of the Month

In addition to the already mentioned BTC, which is an undisputed champion, and ETH, the currencies that ChangeHero users swapped most often this month were BCH, BSV, DGB and USDT. DigiByte was also featured in the blog content published this month, feel free to check out the Altcoin Season article and Price Prediction for DGB to learn what the fuss is all about!

ChangeHero Tweets in July

The giveaway with CoolWallet S sure did make waves on Twitter, but this was not the only content we shared on our Twitter! We got some love from the DigiByte community for the articles, as well as for the announcement of the champion pair of the week when they got listed on Binance.
Champion Pair of the Week - Bitcoin to DIgibyte
The TRON community seemed to like and share the Beginner’s Guide we wrote in celebration of TRON Independence Day. With TRON 4.0 just around the corner, they seem to be buckling up for the Great Journey ahead, so the tweet was just on time!
 
That’s about it with the most interesting things you might have missed in June. Stay tuned to ChangeHero Blog for more content, news and announcements like these! Follow us on TwitterFacebookReddit, Telegram and be the first to get notified.


Learn more:

Quick links: