IEO: the Replacement for ICO Raised a Total of 262 Million in 2019

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IEO: the Replacement for ICO Raised a Total of 262 Million in 2019
Though only half of the projects that participated in IEO in 2019 were profitable, the research indicates that the cumulative returns to be garnered over the span of 6 months could amount to 44% ROI.
IEO: the Replacement for ICO Raised a Total of 262 Million in 2019

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Source: CoinSpeaker

Binance Jersey List Their Own GBP-Backed Stablecoin

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Binance Jersey List Their Own GBP-Backed Stablecoin
Binance Jersey has listed a proprietary GBP-backed stablecoin that confirmed that the major industry player had its sights on imminently issuing its own fiat-pegged assets, starting with a cryptocurrency 100% backed by the British pound.
Binance Jersey List Their Own GBP-Backed Stablecoin

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Source: CoinSpeaker

Former EXMO Analyst Pavel Lerner About His Kidnapping, Security, and New Job

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Former EXMO Analyst Pavel Lerner About His Kidnapping, Security, and New Job
After keeping silence for more than a year after kidnapping, former EXMO analyst Pavel Lerner has given his first interview to the media.
Former EXMO Analyst Pavel Lerner About His Kidnapping, Security, and New Job

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Source: CoinSpeaker

With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

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With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?
With institutions now firmly in on the game, crypto is entering a new era. This is great news for retail investors, as many of funds, derivatives, and other financial instruments are also open to individuals now.
With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

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Source: CoinSpeaker

Bitfinex’s Protection Service Provider Cloudflare Reports a Major Server Outage

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Bitfinex’s Protection Service Provider Cloudflare Reports a Major Server Outage
Cloudflare’s wide range of clientele which includes Bitfinex, are currently been affected by a blackout on the end of the Security Service Provider in different locations.
Bitfinex’s Protection Service Provider Cloudflare Reports a Major Server Outage

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Source: CoinSpeaker

CoinMarketCap Makes Its First Acquisition to Provide ‘True Prices’ for Cryptos

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CoinMarketCap Makes Its First Acquisition to Provide ‘True Prices’ for Cryptos
CoinMarketCap has made its first-ever acquisition. The company acquired is Hashtag Capital, a startup involved in developing algorithms that analyze ‘all points of available liquidity’ to more accurately reflect an asset.
CoinMarketCap Makes Its First Acquisition to Provide ‘True Prices’ for Cryptos

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Source: CoinSpeaker

Bitwise Report 2.0: HitBTC, Huobi, and OKEx skirt the line between fake and real volume

Cryptocurrency exchanges have been under the microscope for several months, with the upswing in Bitcoin’s [BTC] price contributing to certain platforms fudging their numbers. Several reports and research pieces have surfaced, classifying exchanges between those having “real” and “fake” volumes.
The most prominent report was issued by Bitwise Asset Management, which strictly stated that only 10 exchanges had “real” volume, while the other 95 percent were fake. However, in a recent report, the Bitcoin ETF hopefuls have highlighted three exchanges that have “fake volume with possible real-world footprints”.
According to Bitwise, the exchanges that skirt the defined lines between the “real” and the “fake” were HitBTC, Huobi, and OKEx.
The firm’s March report addressed to the US Securities and Exchange Commission highlighted 10 exchanges with real volume. However, following public requests, the firm in a subsequent report highlighted three exchanges with “meaning volume”.
Firstly, the report analyzed the trade volume percentage on an exchange, depending on a specific trade size over a defined period. Citing this trade size histogram for OKEx, the report stated that the same is “notably suspicious,” as it had no absolute spikes and an “atypical rise” in volume from 1-6 BTC. The exchange’s trade distribution also showed an “unusual” tail from 6 Bitcoins.
In terms of volume spikes from 28 April to 5 May, the graph depicted constant hourly volume which according to Bitwise, “betrays none of the natural rhythms of the reference exchanges.” The “reference exchanges,” are the 10 exchanges that Bitwise has contended as having “real volume.”
On the topic of OKEx’s trade volume, the report quite clearly spelled,
“While there may be a smattering of real bitcoin volume on OKEx, the charts are clear: the vast majority of bitcoin volume here is entirely fake.”
Source: Bitwise
HitBTC, which is rumored to be in liquidation woes, was also labeled as having “entirely fake” volume. The trade size histogram showed an “eerily flat line,” posting no volume after 0.5 BTC. The exchange’s hourly volume shows complete disparity with the reference exchanges, with most volume activity concentrated between April 29-30.
Bitwise added that market events which affected the volume of the “real” exchanges did not impact HitBTC and hence, the report read,
“We believe HitBTC’s volume is predominantly wash trading, done in small trade sizes.”
Source: Bitwise
Huobi’s trading and volume pattern according to the study, was the “trickiest,” Bitwise stated. Prior to their March study being released, the Trade Size Histogram showed a “highly anomalous pattern.” The chart shows an increase in trade volume between 5-11 BTC, where “very little trade volume occurs.”
Prior to the release of the Bitwise report, from 3 March to 21 March, the exchange’s Trade Size Histogram showed a “consistent pattern,” which “completely disappeared within three weeks.” The report contends that those, at Huobi, engaged in “wash trading,” cleaned up their act to temporarily portray a change in trades to avoid “detection.”
The report cautioned,
“We also recognize that Huobi might have taken action to clean up wash trading on their platform within that time frame, but that view is challenged by the fact that Huobi’s reported bitcoin trade volume did not meaningfully drop during that time.”
Source: Bitwise
Several reports have also supported Bitwise’s claims that the three exchanges fake their volume, although not completely. The report cited studies from the Blockchain Transparency Institute, The Tie and Sylvain Ribes. Compiling a simple weighted average of the estimates by the aforementioned reports, Bitwise concluded that the “estimated real volume” of HitBTC, Huobi and OKEx were,
Source: Bitwise
To put these numbers in perspective, according to CoinMarketCap, HitBTC, Huobi Global and OKEx had $1.63 billion, $1.97 billion and $2.57 billion, respectively, in reported trade volume over the past 24 hours.
The post Bitwise Report 2.0: HitBTC, Huobi, and OKEx skirt the line between fake and real volume appeared first on AMBCrypto.
Source: AMB Crypto

Yahoo! Japan and CMD Lab-Backed Crypto Exchange TaoTao Launches This Week

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Yahoo! Japan and CMD Lab-Backed Crypto Exchange TaoTao Launches This Week
Yahoo! Japan and CMD Lab Inc will launch a new cryptocurrency exchange platform, dubbed TaoTao on May 30 in what is Yahoo!’s first crypto-related project and also a first by a large Web services company.
Yahoo! Japan and CMD Lab-Backed Crypto Exchange TaoTao Launches This Week

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Source: CoinSpeaker

Tron, Binance and Huobi celebrate Bitcoin Pizza Day

Bitcoin Pizza Day refers to the day when Florida’s Laszlo Hanyecz paid a sum of 10,000 BTCs, instead of fiat currency, for two Papa John’s pizzas. The day is remembered not for the transaction, but for the price he paid for the two pizzas.
If you look at the price of Bitcoin today, the BTC that he paid for two pizzas would have amounted to 7 million, at press time. This event is remembered as the first real-time transaction thats used Bitcoin.
Huobi Global, a cryptocurrency trading platform, announced that it would be selling their cryptocurrency at a discount rate to a few traders as part of their ‘Bitcoin Pizza Day’ celebration. The company is also looking at launching Reserve Right Token on their Huobi prime.
There are two special promos to celebrate the Bitcoin Pizza Day event. In the first round, it will sell 20% of the promotional coins at a 50% of the Bitcoin market price. The second round will have the rest 80% of the coins sold at 12% of the market price. Huobi will also host a variety of Bitcoin-related activities and one lucky user will get 1 Bitcoin at the original Pizza day price – $0.03.
Livio Weng, CEO of Huobi, said,
“That although the idea started as a joke, they are excited about the upcoming event.”
Ross Zhang, Head of Marketing, commented that the demand for the cryptocurrency is going to be high therefore, not everyone will get what they want.
Binance also took the opportunity to comment on Bitcoin Pizza day,

9 years ago today the first real-world transaction of #Bitcoin was made & Laszlo Hanyecz cemented his place in history.
No matter how you slice it, 10,000 $BTC for a Pizza or 2 is a lot of dough!
This slice is for you, Laszlo #BitcoinPizzaDayhttps://t.co/Atbs1RIvsg pic.twitter.com/gU1D0PrJf5
— Binance (@binance) May 22, 2019′
Tron’s Justin Sun has also launched a campaign and has announced a bounty to celebrate the day. Participants will only have to create a unique TRONPizza image. More unique the image, higher the chances to win a bounty of 10,800 TRX.
Participants would require to first retweet the “TRON Pizza Campaign,” and then create a “TRONPizza.” The image should have TRON elements and pizza and should be posted on Facebook and Twitter using the hashtag #TRONPizza.

Happy #Bitcoin Pizza Day(May 22nd). Create your own #TRONPizza with your imagination to win #TRX rewards. Click to know more about #TRON pizza campaign. $TRX https://t.co/Tvy6oFfU77
— Justin Sun (@justinsuntron) May 21, 2019
The post Tron, Binance and Huobi celebrate Bitcoin Pizza Day appeared first on AMBCrypto.
Source: AMB Crypto

Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex
Today Bitfinex enters the popular business of initial exchange offering (IEO). The first sale on the new platform called Tokinex will be announced this Thursday 23rd May.
Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Source: CoinSpeaker

Tron (TRX) Futures Trading Now Available on OKEx

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Tron (TRX) Futures Trading Now Available on OKEx
OXEx announced the launch of TRON (TRX) futures trading scheduled to become available on the exchange platform starting from 8:00 [CET, UTC+1] on May 20.
Tron (TRX) Futures Trading Now Available on OKEx

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Source: CoinSpeaker

Initial Exchange Offerings: The Benefits and Limitations

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Initial Exchange Offerings: The Benefits and Limitations
In this article, we want to in-depth explain the benefits of IEO for your business and its limitation. Nonetheless, to give ultimate tips on how to run a profitable IEO project.
Initial Exchange Offerings: The Benefits and Limitations

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Source: CoinSpeaker

Huobi Announces the Lauch of Its Fully Regulated OTC Desk

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Huobi Announces the Lauch of Its Fully Regulated OTC Desk
The newly introduced fully regulated Huobi OTC Desk is targeted at high net worth individuals and institutional investors.
Huobi Announces the Lauch of Its Fully Regulated OTC Desk

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Source: CoinSpeaker

CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy

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CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy
CoinMarketCap Data Accountability and Transparency Alliance has already been joined by Binance, Bittrex, OKEx, Huobi, Liquid, UpBit, IDEX, OceanEX, Gate.io, KuCoin, HitBTC and Bitfinex.
CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy

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Source: CoinSpeaker

3000 Attendees Gathered at Blockchain Life Forum in Singapore

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3000 Attendees Gathered at Blockchain Life Forum in Singapore
Blockchain Life 2019 Asia is one of the most famous and important events in the blockchain industry.
3000 Attendees Gathered at Blockchain Life Forum in Singapore

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Source: CoinSpeaker