Day: April 21, 2020

BitMEX Reportedly Continues to Lose Market Share to Binance Futures

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BitMEX, one of the world’s biggest crypto derivatives exchanges, is still struggling to recover from a major market sell-off that followed the Black Thursday crash in March. According to an April 21 report by crypto analytics firm Coin Metrics, BitMEX has continued losing in both open interest and volume for Bitcoin (BTC) futures since last month’s historic market crash. At the same time, Binance’s Bitcoin futures trading arm, Binance Futures, has been increasingly gaining momentum, the report said. This data comes from Coin Metrics’ 47th “State of the Network” report,…

BitMEX Reportedly Continued to Lose Market Share to Binance Futures

boss

BitMEX, one of the world’s biggest crypto derivatives exchanges, is still struggling to recover from a major market sell-off that followed the Black Thursday crash in March. According to an April 21 report by crypto analytics firm Coin Metrics, BitMEX has continued losing in both open interest and volume for Bitcoin (BTC) futures since last month’s historic market crash. At the same time, Binance’s Bitcoin futures trading arm, Binance Futures, has been increasingly gaining momentum, the report said. This data comes from Coin Metrics’ 47th “State of the Network” report,…

Ripple Files Lawsuit Against YouTube: “Enough is Enough”

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Ripple Labs filed a lawsuit against Youtube LLC in the Northern District of California on Tuesday April 21. The case seeks damages for Youtube’s failure to stop XRP (XRP) scammers and impersonators. The plaintiffs, named as Ripple Labs and its CEO Brad Garlinghouse, are taking action against Youtube to “prompt an industry wide-behavior change and set the expectation of accountability,” according to an official company blog post. Ripple and Garlinghouse say the scam – often referred to as “The XRP Giveaway” — has already defrauded victims of “millions of XRP…

Ripple Files Lawsuit Against YouTube: “Enough is Enough”

boss

Ripple Labs filed a lawsuit against Youtube LLC in the Northern District of California on Tuesday April 21. The case seeks damages for Youtube’s failure to stop XRP (XRP) scammers and impersonators. The plaintiffs, named as Ripple Labs and its CEO Brad Garlinghouse, are taking action against Youtube to “prompt an industry wide-behavior change and set the expectation of accountability,” according to an official company blog post. Ripple and Garlinghouse say the scam – often referred to as “The XRP Giveaway” — has already defrauded victims of “millions of XRP…

Over $900K in Bitcoin Went to Child Sexual Abuse Material Providers in 2019, Says Chainalysis

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New York-based blockchain intelligence firm Chainalysis has published its latest analysis of the use of cryptocurrencies to purchase child sexual abuse material (CSAM) on the darknet. In a report shared with Cointelegraph on April 22, Chainlaysis noted that it had traced just under $930,000 worth of Bitcoin (BTC) payments to addresses associated with CSAM providers in 2019. This represents a 32% increase over 2018, which had in turn presented a 212% increase over the previous year. Bitcoin (BTC) payments to CSAM providers, 2015-2020. Source: Chainalysis Nonetheless, Chainalysis emphasized that this…

Bitcoin ATMs Hit 7,500 Across the Globe Amid Covid-19 Pandemic 

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The Bitcoin (BTC) ATM industry has seen a 70% boom since 2019, with the total number of Bitcoin ATMs installed in various regions around the globe now standing at a massive 7,500. Despite the current regulatory bottlenecks surrounding the cryptocurrency, the United States still dominates the industry, with 5,422 functional Bitcoin ATMs, reports Decrypt on April 20, 2020. Bitcoin Taking Over the World Despite the super volatile nature of Bitcoin (BTC), the world’s flagship cryptocurrency, it appears the world is gradually warming up to the blockchain-based currency as uncertainties keep…

Up 150% Chainlink & Tezos Lead the Crypto Recovery but for How Long?

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Any discussion over the current price action in the crypto market is likely to include some reference to Chainlink (LINK) and Tezos (XTZ).  Both have seen some of the most volatile and massive flows of the past twelve months in the cryptomarkets. Since the Black Thursday crash on March 12, Chainlink has seen a surge of 156% and Tezos has rallied by 152%. The question is, will these altcoins remain the leaders of the pack and indicate future surges in the altcoin market?  Crypto market daily performance. Source: Coin360 Is…