Can Crypto Exchanges Ever Be Truly Decentralized?

Earlier this week, British-American entrepreneur John McAfee, who is currently living “in exile” due to tax-related charges filed against him by the United States authorities, launched his own decentralized exchange (DEX).  The expressive crypto advocate’s McAfeedex.com is running on the Ethereum (ETH) blockchain, and, in McAfee’s own words, it is a “Wild Wild West exchange” that purportedly cannot be seized by regulators. “There is nothing to shut down,” he wrote on Twitter, “Our technology is the smart contracts forever residing on the blockchain.”  According to the businessman, the DEX, currently…

Nearly $10 Billion in BTC Is Held in Wallets of 8 Crypto Exchanges

6.7% of the entire circulating supply of Bitcoin (BTC) is held on the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst. “Exchanges are the biggest HODLers” On Oct. 8, the Token Analyst, a Twitter account that provides real-time and historical blockchain data, wrote that throughout Bitcoin’s history, the amount of the world’s most popular crypto coins on exchange wallets has consistently been increasing.   According to the Token Analyst, 6.7% of the entire Bitcoin supply — close to 1.2 million coins — is currently held in…

Major Exchanges Urge UK Regulator to Not Restrict Crypto Derivatives

The World Federation of Exchanges (WFE), a global trade association of publicly-regulated exchanges, has appealed to the United Kingdom’s Financial Conduct Authority (FCA) to not restrict cryptocurrency derivatives for retail investors. The WFE made a statement on Oct. 7 in response to the British financial regulator’s consultation paper on a potential ban on crypto derivatives such as Bitcoin (BTC) futures and other crypto-related trading products, initially announced in July. The WFE proposed that the FCA develop proper consumer protection instead. Recommendations to build proper regulations The WFE accompanied its response…

Regulators Must Have Died and Made Crypto Exchanges King

The battle cry of the cryptocurrency industry has been one of decentralization, or one without any centralized authority. It is this distinguishing feature that sets the blockchain space apart from other sectors and cryptocurrencies like bitcoin from other assets. No central bank, bankers, or government controls it, and unless your Nouriel Roubini it’s hard not to appreciate this push toward democracy and decentralization. When the industry begins to compromise, that’s when the crypto waters and Satoshi Nakamoto’s vision begin to get muddied. It’s possible that crypto market leaders moved one…

Top 3 Cryptocurrency Options Exchanges

Although it has taken some time to come to fruition, demand for traditional derivative markets in the cryptocurrency trading arena is growing at an exponential pace. While the presence of Bitcoin futures trading has been around for some time now, it wasn’t until this year that a select number of platforms opened their doors to cryptocurrency options. This week, CME Group announced it will launch Bitcoin Options trading in Q1 2020. These are big news whom are also highly fundamental for the experienced trader. Not only do options contracts offer…

Kraken and Coinbase Among the Cleanest Crypto Exchanges: BTI Report

The Blockchain Transparency Institute (BTI) has released its latest market surveillance report which states that Kraken and Coinbase are among the cleanest cryptocurrency exchanges in the industry. BTI cleans wash trading from exchanges’ volumes On Sept. 19, the Blockchain Transparency Institute published its 5th market surveillance report that verifies reporting of cryptocurrency exchange volumes. The BTI has been publishing reports since August 2018, and through its proprietary algorithm, BTI cleans all wash trading from exchanges’ volumes. The report states: “Since the start of 2019, global wash trading has reduced by…

Bitcoin Will Not Be Listed On Major Exchanges Without Better Regulation

SEC Chairman Jay Clayton said that it will take a while before there is proper regulation for Bitcoin and other cryptocurrencies, and that has to happen before major exchanges can begin to list them. Generally, the fact that the United States Securities and Exchange Commission (SEC) is not very supportive of the cryptocurrency industry is no longer news. The SEC has many times before, spoken out against cryptocurrencies because of their volatility and unregulated nature. Even efforts to launch Bitcoin Exchange-Traded Funds (ETF), have been largely unsuccessful as a few…

BTC Won’t Be on Major Exchanges Without More Regulation

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton said that for Bitcoin (BTC) to be traded on a major exchange it needs stronger regulation. Consider the Nasdaq CNBC reported on Sept. 19 that Clayton made his remarks earlier today at the Delivering Alpha conference, where he also warned investors to be wary until Bitcoin is regulated and traded on a major exchange. Clayton said: “If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange… They are…

New Study Reveals Countries With Most Registered Crypto Exchanges

The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal. Crystal published its “Report on International Bitcoin Flows 2013–2019” on Sept. 9, in which it provides insight into cryptocurrency operations and Bitcoin (BTC) transactions around the world between Jan. 1, 2013, and June 30, 2019. U.K. and U.S. lead the rating The findings show that the largest number of registered crypto exchanges are in the U.K., the U.S., Hong Kong and Singapore.…

Crypto Security Platform Fireblocks Now Supports 5 More Exchanges

Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20. According to the official announcement, with this release, market makers, prop traders and OTCs have a simple and secure unified workflow for securing assets in motion between 20 different exchanges. The release states: “Fireblocks, an enterprise platform for securing digital assets in transit, announced today five new exchange integrations, adding support for OKCoin, OKEx, Korbit, Bithub, and HitBTC. This release also expands current integrations with Huobi Global’s…