Tag: Trading

LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem – Blockchain News, Opinion, TV and Jobs

Unveiling a new era in cryptocurrency trading, LeveX brings to the fore an unprecedented integration of social trading into its platform, fostering a vibrant and connected trading community. Beyond this landmark feature, LeveX also offers a plethora of innovations, enhancing the trading experience like never before. LeveX: A Leading Edge in Cryptocurrency Exchanges At its heart, LeveX presents itself as a superior cryptocurrency exchange platform that provides a robust, fast, and efficient interface for trading. Users have access to a wide array of spot and derivatives pairs, including prominent ones…

Wash Trading: $2 Billion Lost Since 2020, Blockchain Research Firm Says

Wash trading, a deceptive practice in financial markets, has emerged as a pervasive concern within the decentralized cryptocurrency exchange (DEX) landscape, according to a recent report from Solidus Labs. The report, released on September 12 as the second part of its 2023 Crypto Market Manipulation Report, sheds light on the rampant practice of “wash trading” in these supposedly trustless platforms. The Enigma Of Wash Trading Wash trading, an illicit trading strategy where a trader simultaneously buys and sells the same asset, artificially inflates trading volumes and creates a false impression…

Curve (CRV) Trading Volume Plunge 97% In 2 Months

Trading volumes associated with CRV, the governance token of Curve, a stablecoin decentralized exchange (DEX), is down 97% barely two months after it was hacked in late July 2023. According to Kaiko, CRV’s trading volume in centralized exchanges, especially Binance, where the token is actively traded, fell from nearly $300 million in late July to $7 million as of September 12.  CRV trading volumes slump: Kaiko Trackers show that CRV is available for trading in multiple centralized and decentralized exchanges, including Binance, Uniswap, and Curve. However, considering the popularity and…

Millions in Bitcoin, Ether and Arbitrum Deposited to Exchanges By Jump Trading, Wintermute, Abraxas

CryptoX – Cryptocurrency Analysis and News Portal Asset manager Abraxas Capital transferred 14,130 ETH – worth roughly $22.5 million – to Bitfinex in two transactions, blockchain analytics firm Arkham Intelligence noted in an X post. Major market maker Jump Trading sent nearly 236 BTC – worth $5.9 million – to Binance in one installment, Arkham added. Source The post Millions in Bitcoin, Ether and Arbitrum Deposited to Exchanges By Jump Trading, Wintermute, Abraxas appeared first on CryptoX. CryptoX Portal

Could AI Hold the Key to Help Revolutionize Cryptocurrency Trading?

boss

Widespread consumer and organizational adoption of Artificial Intelligence (AI) has caused quite public and now more recently, governmental outcry to pause further development of AI-based models and tools, as experts warn of the potential danger these technologies can hold for humanity. Since the public launch of OpenAI’s ChatGPT onto the consumer landscape in November last year, machine learning technologies and language processing models have skyrocketed in popularity, finding a place in nearly every economic sector. Now, as organizations find themselves at the brink of the AI revolution, using digital systems…

Eight exchanges handle 90% of crypto trading, Kaiko data shows

The majority of digital asset trading around the world is handled by just eight cryptocurrency exchanges, according to an analysis by Kaiko. The study revealed that only eight crypto exchanges handle 90% of the global crypto trading volume and hold as much as 92% of the market depth. 🔔Introducing: The #Crypto Liquidity Concentration Report 👉 90% of liquidity is concentrated on just 8 exchanges👉 liquidity has become more concentrated over time👉 Binance accounts for 30% of global depth and 64% of volume Check it out:https://t.co/kInbfgGGkW — Kaiko (@KaikoData) September 8,…

BlackRock denies buying crypto trading platform Voyager Digital

After rumors surfaced suggesting that BlackRock, the largest asset management firm, is poised to acquire Voyager Digital, crypto.news confirmed that the deal was fabricated. When crypto.news reached out to BlackRock to confirm the veracity of the alleged buyout, Carolyn Vadino, the firm’s managing director of corporate communication, categorically confirmed that the press release was false. According to Chinese crypto reporter Colin Wu, these rumors propagated as ‘news’ were likely intended to artificially inflate Voyager’s native token (VGX), a tactic known as ‘pumping.’  This misinformation was published as paid content on…

AI token trading volume stagnant despite Worldcoin buzz – Kaiko data

boss

While the debut of Worldcoin drew attention to artificial intelligence-powered tokens(AI-tokens), recent trading data from Kaiko indicates that these AI tokens have shown resilience despite the controversy surrounding Worldcoin’s launch. According to recent Kaiko data, the trading volume of AI-related tokens remained stagnant during the past month. The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July. Nevertheless, when compared to the volume at the beginning of the year, there was a…

CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud

boss

The United States regulators have finally taken steps to resolve an enforcement case against the collapsed Mirror Trading International (MTI). The United States District Court for the Western District of Texas has ordered MTI to pay $1.7 billion in restitution to victims for operating a fraudulent scheme involving digital assets and forex, the Commodity Futures Trading Commission (CFTC) announced on Sept. 7. The CFTC noted that MTI and its CEO, Cornelius Steynberg, were engaged in an “international multi-level marketing scheme” which accepted nearly 30,000 Bitcoin (BTC) from at least 23,000…