The BitForex exchange could be faking its bitcoin trading volume, according to a report by Philip Gradwell, chief economist at Chainalysis. Source
Chainalysis Says BitForex Trading Volumes Could Be Fake
Tag: Trading
China Is Poised for Another Crypto Trading Crackdown as Speculative Fever Returns
China appears set to crack down on crypto trading again after President Xi Jinping’s praise for blockchain tech revived speculation in the sector. Source
Binance Adds Support for Turkish Lira and Bitcoin, XRP, Ether Trading Pairs
Binance cryptocurrency exchange has added support for buying Bitcoin (BTC) and other cryptocurrencies with the Turkish lira through its local digital wallet partner Papara. The exchange unveiled the addition on its website on Nov. 15, one week before CEO Changpeng Zhao’s (CZ) visit to Turkey. According to the website, Turkish users are now able to exchange lira for BTC, Ether (ETH) and XRP through their Papara digital wallets. Upon a request from Cointelegraph, Binance declined to comment beyond acknowledging the soft launch of Turkish Lira support. Per the official website,…
Ethereum (ETH) Trading Near Last Line of Defense
Ethereum price is struggling to climb higher above the $188 resistance against the US Dollar. The price is currently trading near the $182 support area, which holds the key. There is a key bearish trend line forming with resistance near $185 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is declining and is struggling to stay above the $8,500 support area. Ethereum price is facing a fresh round of selling versus the US Dollar, similar to bitcoin. ETH price remains at a risk of more downsides if…
Hong Kong: Crypto Startup Launches Bitcoin Trading Venue
Crypto.com, a Hong Kong-based cryptocurrency service provider that offers users lending services, crypto payments through Visa debit card services and more, has announced the launch of its cryptocurrency exchange. The firm says the new crypto trading venue will be initially available to only its retail and institutional customers via its mobile app, trading API and web interface, according to a Finance Magnates report on November 14, 2019. Crypto.Com Exchange Now Live In a bid to promote unending customer loyalty by offering them a complete suite of highly functional cryptocurrency-linked financial…
Power Ledger Completes Peer-to-Peer Solar Energy Trading Trial in India
Australian blockchain energy firm Power Ledger and Indian electricity distribution company BSES Rajdhani Power Limited (BRPL) have completed a peer-to-peer (P2P) solar power trading trial in the country. Power Ledger announced the news in a press release shared with Cointelegraph on Nov. 14, detailing that it carried out a large-scale P2P energy trading trial in the Dwarka region, South West Delhi, which initially comprised 5-6 megawatts (MW) of already existing solar infrastructure serving an array of gated communities. Monetization of solar energy assets investments The project enabled residents with rooftop…
Bitfinex Looks to Launch Options Trading As Soon As Q1 2020
According to an executive, cryptocurrency exchange Bitfinex is planning to launch options and a gold-backed stablecoin, among a host of new products. New range of products In a Nov. 12 appearance on the Scoop, Paolo Ardoino, CTO of Bitfinex and Tether, told the Block that Bitfinex is considering launching options trading, while also taking a closer look at prospects for a gold-backed stablecoin, dubbed Tether Gold. Although Ardoino didn’t reveal any additional details about Tether Gold, he did reveal that the company is currently eyeing a Q1 2020 launch of…
Two Former Circle Executives Co-Found Proprietary Crypto Trading Firm
Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings. The new venture Coindesk reported on Nov. 12 that the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade — and former technology executive Julien Collard-Seguin alongside a third partner. The third founder is the former head of trading at Cumberland (the crypto trading arm of brokerage DRW) Bobby Cho. According to the outlet, the three decided to…
Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients
Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Baakt Warehouse,” with other “marquee firms” expected to join over the next few weeks. When it first launched, Bakkt was only able to provide custody services to clients trading its bitcoin futures contracts. Monday’s news comes amid an additional approval by the New York Department of Financial Services (NYDFS), which previously granted the company a trust…
Trading BTC on BiboxEurope Can Turn Profitable Than Others
The cryptocurrency market has been exhibiting bearish sentiments for a while now, except for brief moments when the bulls come out to play. In this scenario, the crypto-trading community is at its wits’ end trying to figure out the best way to create profitable trades. BiboxEurope, a cryptocurrency exchange that is headquartered in Switzerland is currently presenting itself as an attractive playground to get better returns than other alternatives. Since its inception few months ago, BiboxEurope has gained a strong community following, starting with the initial signups to various suggestions…
