BestChange — exchanger directory

❗️❗️❗️❗️❗️❗️ Recent developments in the crypto industry 🖱️ Binance co-founder Changpeng Zhao has decided to stop using his public cryptocurrency wallet. Zhao explained he would no longer use the address that market participants track after it became a target for memecoin speculation. He had previously attempted to burn such tokens, drawing considerable attention from the community. However, the more tokens he burned, the more users sent to the wallet. According to Zhao, blockchain transparency means that virtually any activity involving a publicly tracked address is liable to be misinterpreted by the community. 👩‍💻 Etherealize CEO Vivek Raman believes Wall Street’s renewed interest in private, permissioned blockchains risks creating the very silos the technology was originally intended to eliminate. “It's like we're having consortium chain 2.0. This is going to end up being a race to the bottom for consortium chains. You're going to have consortium chains versus consortium chains,” Raman said. In his view, public networks such as Ethereum should serve as the foundation of financial infrastructure, with permissioning and access controls built on top of them. 🖱️ A Chainalysis subsidiary has filed a lawsuit against the U.S. government over a $94.6 million contract awarded to TRM Labs by U.S. Immigration and Customs Enforcement (ICE) without a competitive bidding process. According to the agency, the contract with the Chainalysis Government Solutions competitor covers ‘analytical support’ and software development to assist investigations conducted by the Homeland Security Task Force. Chainalysis has challenged ICE’s decision to select a single contractor, arguing that the process effectively denied other companies an opportunity to compete for the government contract. AML analyzer | Mini App | X.com | New website

⚡ Speed Matters in Crypto Fast-moving markets can cause slippage, changing the rate you receive. BestChange lets you compare live rates, reserves, and exchangers in one place, helping you make faster, more informed swaps. 🔗 Know more: https://coingape.com/blog/why-speed-matters-when-you-exchange-crypto-avoiding-slippage-in-volatile-markets/

💰 Price Discovery The process by which a ‘fair’ market price of an asset is established through the interaction of supply and demand. The price is not set by any single party—it emerges in real time as an aggregate of trading activity and market expectations. In crypto, price discovery is most visible when a new token is listed or when trading resumes after an extended pause: at moments like these, the market is finding equilibrium for the first time, and volatility can be exceptionally high. #cryptodictionary_bc AML analyzer | Mini App | X.com | New website

❗️❗️❗️❗️❗️❗️ What happened in digital assets this week 🪭 Bitcoin continues to lose ground, according to Glassnode analysts. The price of the leading cryptocurrency is trading between $63,000, which is the median realized price, and $68,700, which is the short-term holder cost basis. U.S. inflation reached 2.5% in July, while U.S. equities remain near record highs, yet Bitcoin has yet to show a significant recovery. Analysts attributed the current market conditions to weak demand and suggested Bitcoin could fall to $58,500. 🪭 On August 13, a data breach affecting around 14,000 customers of hardware wallet provider Trezor was reported. “This is the first time since Trezor was founded in 2013 that we have experienced a breach that exposed customer phone numbers and shipping addresses,” the company stated. Binance founder Changpeng Zhao commented on the incident, highlighting the advantages of non-custodial cryptocurrency wallets. According to the entrepreneur, software wallets such as MetaMask and Trust Wallet do not carry similar risks because they can be used ‘without purchasing and shipping a physical device that links a user's identity and address to crypto ownership.’ 🪭 Tether has reaffirmed the strength of its financial position. Accounting firm KPMG US issued a positive opinion following the first independent review of the annual financial statements of the world’s largest stablecoin issuer. The review covered the previous year, when Tether’s reserves exceeded its liabilities by $6.8 billion. AML analyzer | Mini App | X.com | New website

⚡️ The biohacking device market has evolved from a niche interest into a full-fledged industry. Gadgets are not only used by athletes but also by professionals whose work depends on sustained focus and rapid decision-making. The idea behind all of them is simple: collect data about the body, identify patterns, and help users adjust their habits before fatigue, stress, or poor recovery begin affecting performance. For traders, the most relevant metrics may include sleep quality, nervous system recovery, and cognitive load. Below is a selection of devices that track these and many other indicators. 👩‍💻 Oura Ring 4 Price: from $380 for the ring + subscription from $6/month (required for full access to insights and analytics) Features: the standard titanium ring weighs between 3.3 and 5.2 grams, depending on the size and finish. It tracks heart rate variability (HRV), resting heart rate, body temperature, sleep stages, and readiness score. HRV is considered one of the most informative indicators of nervous system recovery; when it is low, concentration may be reduced, and reactions may be slower.  👩‍💻 Ultrahuman Ring Air Price: $379, no subscription required Features: this smart ring measures many of the same metrics as the Oura Ring, including HRV, body temperature, sleep stages, and recovery indicators. Its main advantage is that all features are available without a monthly subscription. The ring weighs between 2.4 and 3.6 grams, and the battery typically lasts 4–6 days. 👩‍💻 Whoop 5.0 Price: from $200, including membership Features: Whoop is a screenless wearable focused primarily on recovery score, daily strain, and sleep quality. The device estimates how well the body has recovered overnight and expresses it as a percentage. While popular among athletes, it is increasingly being adopted by professionals whose work involves significant cognitive demands. 👩‍💻 Amazfit Balance Price: from $200 Features: this smartwatch is designed to monitor sleep quality, stress levels, overall recovery, heart rate variability, blood oxygen saturation, and daily activity load. The device generates recovery recommendations based on collected data. Additional features include GPS support and full functionality without a mandatory subscription, making it suitable for both fitness tracking and everyday health monitoring. 👩‍💻 Muse S Athena Price: from $450 + $45/year optional subscription  Features: the wearable headband monitors brain activity in real time and provides neurofeedback, helping users improve mental performance through awareness of their brain activity. The latest Athena version combines EEG monitoring with fNIRS sensors, which estimate cognitive load by measuring blood flow in the prefrontal cortex. The technology is used in research environments, including projects associated with NASA, Harvard, and MIT. Unlike rings, watches, and wristbands, Muse S Athena is not intended for continuous wear. Instead, it can be used during recovery periods between trading sessions, before sleep, or during meditation to help reduce stress, improve focus, and enhance mental clarity. AML analyzer | Mini App | X.com | New website

🥰 AML checks and AML tags:  two tools for safer crypto exchanges. What’s the difference, and how to combine them? You send cryptocurrency from your wallet to an exchange, but the transaction gets stuck. The service asks for documents, runs additional checks, and the process drags on. One common reason is that the funds in your wallet came from a risky source—for example, a mixer, a sanctioned address, or a high-risk platform. Crypto exchangers are required to screen incoming transactions and suspend operations when risk indicators are detected to comply with anti-money laundering requirements, or AML, for short. At the same time, a user may have nothing to do with suspicious activity, having received funds with risk indicators by chance. In such cases, the funds are usually returned after the review, but the time is already lost. To reduce the risk of situations like this, BestChange offers two AML tools. 🪭 AML analyzer: check the addresses involved in the exchange The AML Analyzer helps you assess the risk level of a specific crypto wallet. Enter an address, select the asset and one or more services from the menu, and the system will show detected risk indicators and provide recommendations based on the results. We recommend using the AML analyzer before making a transaction: check your own address to identify potential risks inherited from previous transactions, and check the counterparty’s address to assess the potential origin of the funds in advance. 🪭 AML tags: check the exchanger BestChange regularly evaluates each exchanger’s AML practices: how it handles AML cases, how clear its policies are, whether customers can perform an AML check on the exchanger’s website, whether the exchanger has previously sent high-risk assets to customers, etc. Based on this assessment, each exchanger receives a color-coded AML tag. 🟢 Green indicates positive AML practices, a minimal risk of delays, and the availability of pre-transaction checks. 🟡 Yellow means there is not yet enough data for a higher rating, but no critical issues have been identified either. 🔴 Red signals higher risks, potentially lengthy reviews, and a lack of transparency in the exchanger’s AML practices. What’s the difference, and how to combine these tools? An AML tag helps you choose an exchanger, while an AML address check helps you assess the risk level of the crypto addresses involved in the exchange. For a safer approach, first look at the AML tag when choosing an exchanger, then check your own address and the counterparty’s address using the AML Analyzer. Keep in mind that a green AML tag does not eliminate the need to check the addresses. The tag reflects the exchanger’s AML practices—not the risks related to the funds in your crypto wallet. AML analyzer | Mini App | X.com | New website

🥰 Recent developments in the cryptocurrency market ✅ Bitcoin is expected to encounter key resistance levels at $67,000 and $72,000, according to CryptoQuant analyst ShayanMarkets. The two levels correspond to the entry prices of two investor cohorts: 1-3-month holders and 3-6-month holders. “With BTC trading near $65K, both groups are therefore holding coins at an aggregate unrealized loss. This creates an important overhead cost-basis structure,” the analyst noted. 👩‍💻 BitMart founder Sheldon Xia has denied allegations that the cryptocurrency exchange misappropriated customer funds. The denial followed news of the platform’s closure and reports that users have been unable to withdraw funds since July 26. Xia said BitMart was still working to inventory and consolidate its assets. He also assured customers that the exchange had not ‘run away’ and would not do so in the future. Earlier, analysts at Lookonchain reported that approximately $805,000 had been withdrawn from BitMart shortly after the platform announced its closure. 🖱️ Executive Director of the President's Council of Advisors for Digital Assets at the White House Patrick Witt has accused U.S. Democratic lawmakers of deliberately delaying the passage of the CLARITY Act. Last week, Democratic senators reportedly pushed to postpone a vote ahead of the congressional recess. Lawmakers are expected to return in mid-September, although media reports suggest that the upcoming midterm elections could take priority over cryptocurrency regulation once Congress reconvenes. “<…>this past week, Chuck Schumer and the ‘pro-crypto Democrats’ pulled out all the stops to block a mere procedural vote on the bill before recess, demanding yet another extension. If they can’t get there by September 15, they never will,” Witt posted. AML analyzer | Mini App | X.com | New website

😎 Black Swan A sudden event with extreme consequences that could not have been predicted based on available data. The term was suggested by American author, trader, and risk manager Nassim Taleb. Examples of black swan events in the crypto industry include the 2022 bankruptcy of the FTX exchange, the $625 million Ronin bridge hack, and the collapse of the algorithmic stablecoin UST—each sent shockwaves across the entire market within days. #crypto_dictionary AML analyzer | Mini App | X.com | New website

❗️❗️❗️❗️❗️❗️ What happened in the digital asset industry this week 🪭 Following the Coldcard attack, which reportedly resulted in more than $100 million in losses for hardware wallet users, a group of security researchers launched a large-scale audit of Bitcoin-related software. Bitcoin Red Team developers employed the latest AI models to analyze the codebase, completing the initial review in just over 24 hours. The effort identified nearly 5,000 potential security vulnerabilities across 390 Bitcoin-related projects, although the researchers have not yet disclosed which projects were affected. 🪭 BitMEX co-founder Arthur Hayes outlined what he sees as the potential consequences of the rapid expansion of debt-financed artificial intelligence ecosystems. According to Hayes, the trend could trigger a credit crisis comparable to the financial collapse of 2008. He argued that such a scenario would likely prompt governments to inject substantial liquidity into the financial system, potentially driving Bitcoin's price to $1 million or higher. 🪭 Tether announced a significant expansion of its gold holdings, increasing its physical reserves to nearly 150 metric tons. Analysts view the move as part of the company's broader strategy to diversify its reserve assets beyond traditional U.S. dollar-denominated instruments and U.S. government bonds. AML analyzer | Mini App | X.com | New website

💪 $100 Rate Alerts Contest ➡️ x.com/bestchangeeng/status/2085676932566315078 Set up your first BestChange alert and never miss your target exchange rate! How to participate: 1️⃣ Follow us + Like & RT 2️⃣ Create your account at bestchange.biz 3️⃣ Set your first Rate Alert 4️⃣ Reply with a screenshot of your active alert 🎲 5 random winners—$20 each ⏰ Aug 7–14 • 13:00 UTC AML analyzer | Mini App | X.com | New website

🥰 BestChange June highlights In our latest update, we've rounded up the month's key achievements: 👩‍💻 Key monitoring stats 👩‍💻 Quality control and user support highlights 👩‍💻 AML initiatives, fraud prevention efforts, and product updates The key takeaways are on the cards, and the best exchange rates, as always, at BestChange.biz AML analyzer | Mini App | X.com | New website

🧲 Why some features are only available through your account on BestChange Most BestChange tools are accessible without registration. However, if you want to personalize your experience and perform daily tasks more efficiently, create a personal account to unlock additional features. 🖱️ Favorite exchange pairs and services If you frequently exchange the same currency pair, add it to your Favorites. Once you do, you'll be able to access matching offers with a single click from your account. You can also save trusted services to Favorites, making it easy to return to the exchangers you use most often. 🖱️ Your history of visited exchangers This section keeps a chronological record of every exchanger you have visited from BestChange. For each visit, it shows the exchange rate and available reserve at the time you clicked through. This is useful if you need to remember which service you used for a previous exchange. 🖱️ Reviews and complaints All of your reviews and complaints are stored in dedicated sections of your account. You can track their status at any time: active complaints are still being processed, while de-escalated complaints have been resolved. You'll also see replies from both the exchanger and the BestChange administration. There's no need to keep email threads or search through exchanger pages. Another benefit is that, when you're logged in, reviews and complaints can be published without email confirmation, saving you time. 🖱️ Exchange rate alerts Being signed in makes it quicker and easier to request alerts for your preferred exchange rate, reserve, or transaction limits. You can also view your alert history and manage active alerts by editing or canceling them whenever needed. Creating a BestChange account takes less than a minute—simply enter your email address and create a password. Register today to take advantage of everything the platform has to offer. AML analyzer | Mini App | X.com | New website

19 years, millions of users, one mission We listened to your questions and shared how BestChange works—our approach to security, monitoring, and building products that serve you better. Read here: ➡️ medium.com/@bestchange/bestchange-community-ama-best-questions-answered-db010c1fa30b AML analyzer | Mini App | X.com | New website

❗️❗️❗️❗️❗️❗️ What happened earlier in the cryptocurrency industry ➡️ The Bank of Italy concluded that stablecoins do not provide a meaningful advantage in terms of cost or speed for cross-border money transfers. Analysts compared transfers of 200 USDC across several bilateral payment corridors between Italy and Brazil, the UAE, Argentina, Japan, and South Africa. The study found that any potential savings were largely offset by the costs of converting between stablecoins and fiat currencies, as well as differences in how payment infrastructures operate across regions. ➡️ According to CoinMarketCap, Bitcoin declined by about 4% over the previous seven days, falling below $63 000. Crypto analyst Crypto Candy believes that despite the recent price fluctuations, the broader outlook remains unchanged: Bitcoin could fall to around $60,000 or even lower in the near term. In the analyst's view, this scenario remains likely as long as Bitcoin trades below $66,000. ➡️ The price of Uniswap's native token UNI rose 50% over the past month and has doubled since June, outperforming many major digital assets. By the end of last month, UNI had climbed to nearly $4.60, up from around $2.30 at the beginning of June. The rally was driven by the expansion of the Uniswap ecosystem to additional blockchain networks and the introduction of new developments linked to traditional financial assets. AML analyzer | Mini App | X.com | New website

🔑 FDV (abbr. Fully Diluted Valuation) A hypothetical valuation of a project based on its maximum token supply—as if all tokens were already in circulation. FDV is calculated by multiplying the current token price by the maximum supply, including locked, reserved, and yet-to-be-issued tokens. The metric is used to assess a project's true implied value: when FDV significantly exceeds the current market cap, it signals potential token inflation. AML analyzer | Mini App | X.com | New website