Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

Coinspeaker
Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now
As IEOs are becoming more and more prevalent holding the potential of replacing ICOs as the most popular fundraising model, you might ask “which are the ones worth watching?”. Here’re three IEO projects you should keep an eye on right now.
Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

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Source: CoinSpeaker

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

CoinSpeaker

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Tron will start distributing its BitTorrent Token in airdrops, to its TRX holders through the Binance Launchpad platform. The Tron Foundation plans to airdrop tokens for the next six years up to February 2025.

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

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Source: CoinSpeaker

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

CoinSpeaker

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming).

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Source: CoinSpeaker

BitForex 24-hour trade volume is over $5 billion on CoinMarketCap: Community screams manipulation

CoinMarketCap is one of the world’s trusted source for cryptocurrency information such as price, volume, marketcap etc., which is used by millions of individuals, organizations, and exchanges. However recent claims by some of its followers are not in its favor, Kevin Rooke, a cryptocurrency enthusiast tweeted:
Tweet by Kevin | Source: Twitter
According to Kevin, CoinMarketCap is misleading its users by displaying fake volumes on cryptocurrency exchanges. Moreover, some users have claimed to witness the manipulation, however there has been no evidence and metrics to prove its existence. Previously, CMC was accused of aiding wash trading. Wash Trading is a method whereby a user is misled into investing by providing false information.
This time, the website displays incorrect information of an exchange platform named BitForex. Based on the 24-hour trade volume, BitForex’s volume is much higher when compared to that of Binance, the biggest cryptocurrency exchange platform in terms of trade volume, and other leading cryptocurrency exchanges in the market.
Bitforex is a cryptocurrency exchange headquartered in Singapore. They also have independent operating teams in Germany, Estonia, Hong Kong, Malaysia, the Philippines, other countries. Their exchange platform includes Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC], Stellar Lumens [XLM], and Neo [NEO].
On CoinMarketCap, the adjusted market volume of BitForex is more than $1 million whereas the 24-hour market volume is more than $5 billion.
BitForex 24-hour trade volume on CMC | Source: CoinMarketCap
Moreover, it has been pointed out that the search volume of BitForex is nowhere close to that of Binance, according to Google Trends.
Google trends comparison between Bitforex and Binance | Source: Google Trends
undertheradar48, a redditor posted:
“It’s honestly embarrassing that we can’t trust the most widely used crypto data site to provide reasonably accurate information. These kinds of blatant lies make it impossible to trust anything else shown on their site.”
In addition, on their blog, CoinMarketCap had stated that they ‘stand for data transparency and clarity’ when they were previously accused of manipulating their data. They stated that all the information which is provided on their website is accumulated from hundreds of exchanges based on the APIs which is provided to them.
They said:
“When we list exchanges, we do our best to verify with exchanges that the APIs they provide us will pipe through the freshest and most accurate data possible.”
The post BitForex 24-hour trade volume is over $5 billion on CoinMarketCap: Community screams manipulation appeared first on AMBCrypto.
Source: AMB Crypto