Bitcoin Futures: BitMEX investigation opens door for other exchanges to offer derivatives trading

Bitcoin and Futures: development for some, speculation for others. There are few things in this world that pose a greater degree of risk than investing in the cryptocurrency industry, throw a controversial investment product like derivatives into the mix, and you have a raging ball of fire, just sitting in your portfolio. Derivatives had a […]
The post Bitcoin Futures: BitMEX investigation opens door for other exchanges to offer derivatives trading appeared first on AMBCrypto.
Source: AMB Crypto

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

OKEx Executive May Make Appearance at Tron Buffett ‘Power Lunch’

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OKEx Executive May Make Appearance at Tron Buffett ‘Power Lunch’
Now, with the lunch date set for Thursday, July 25, speculation is rife that Sun will invite a selection of dignitaries from the world of cryptocurrency and blockchain to meet Buffett. Among those likely expected at the lunch is OKEx executive.
OKEx Executive May Make Appearance at Tron Buffett ‘Power Lunch’

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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

Binance Oficially Launches its Margin Trading Platform

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Binance Oficially Launches its Margin Trading Platform
Binance users are now able to trade some cryptos on margin, using the exchange’s newly launched trading platform. The new service is paired with the existing cryptocurrency exchange under one platform, labeled Binance 2.0.
Binance Oficially Launches its Margin Trading Platform

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Source: CoinSpeaker

Smart Leverage Tokens: A New Financial Instrument by DX.Exchange

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Smart Leverage Tokens: A New Financial Instrument by DX.Exchange
Estonia-based crypto exchange DX.Exchange, announced the launch of a completely new financial instrument called Smart Leverage Tokens or SLT’s. This way the company wants to change the leverage trading in cryptocurrency markets.
Smart Leverage Tokens: A New Financial Instrument by DX.Exchange

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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

Crypto Exchange Bittrex Launches Decentralized Storage Project LAMB

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Crypto Exchange Bittrex Launches Decentralized Storage Project LAMB
Bittrex, a global leader in the blockchain revolution announced to list Lambda – a data storage blockchain protocol, commited to creating a secure, reliable, and unlimited storage network for Value Internet.
Crypto Exchange Bittrex Launches Decentralized Storage Project LAMB

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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

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

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

OKEx beats Binance in terms of daily transaction volume; Maltese exchanges continue to soar

For the second straight month, cryptocurrency exchanges based in the touted “blockchain haven” of Malta have topped the average daily transaction volume list. OKEx and Binance, the most prominent exchanges in the island country are present in the top three once again.
The analysis was compiled by the cryptocurrency analytics firm CryptoCompare in their March 2019 exchange review which saw the two aforementioned exchanges interchange spots in the crypto-to-crypto exchange list, based on average daily volume. March saw a significant rise in transaction volume with the two exchanges recording over $790 million in average daily volume.
Between the two exchanges was ZB, the Chinese exchange which many have speculated, in the past, to have reported incorrect volume. In the January 2019 exchange review by CryptoCompare, ZB beat both Binance and OKEx, but fell short in the following two months.
OKEx was the only exchange in the crypto-to-crypto category to record average daily volume of over $1 billion and post a monthly volume of over $31 billion. Binance, taking the third spot, recorded an average daily volume of $797.5 million, with the total volume for March accounting to just under $25 billion.
The volume of the exchanges in March inclined considerably compared to the previous month, with no exchange breaking even the $700 billion ceiling in February. Binance took the top spot in the second month of the year, with an average daily volume of $676.98 billion, while OKEx trailed in the third spot, accounting for $601.23 billion, in the same period.
Given the regulatory hassle of most economically strong countries, cryptocurrency exchanges have sought to operate in regulatory-lax environments. Financial havens like Malta, Samoa, Hong Kong, Vanuatu, the Cayman Islands, Mongolia, and Seychelles have several exchanges, evidenced by their soaring average daily volumes.
In terms of fiat-to-crypto exchanges, the monthly-volume list remains fairly consistent, with the top-3 not shifting. Bithumb, Upbit, and Bitfinex, retained their spots from February to March, accounting for $1.04 billion, $233.32 million, and $100.95 million average daily volume, respectively.
Source: CryptoCompare
With OKEx and Binance taking the first and third spots for two months in a row, it bears no surprise that Malta tops the list in terms of trading volume by jurisdiction. It should be noted that March saw a massive increase in total monthly volume, with Malta alone accounting for over $55 billion, compared to its February volume of under $40 billion.
Following Malta is Hong Kong, home to top exchanges like LBank and HitBTC. Other prominent crypto-havens mentioned in the list are South Korea, Estonia, Singapore, the United States, and the British Virgin Islands.
However, OKEx topping the charts should be taken with a grain of salt considering the fake volume reports that have been raising concern in the market of late. The first report spelling out the above was from The Tie, which suggested that only 5.94 percent of the exchange’s expected volume matched their reported volume. Binance accounted for 78.82 percent of the same, based on The Tie report.
The next ground-breaking report from Bitwise Asset Management highlighted only ten exchanges that reported “real volume”. Binance was included in this list of ten exchanges, while OKEx was not.
The post OKEx beats Binance in terms of daily transaction volume; Maltese exchanges continue to soar appeared first on AMBCrypto.
Source: AMB Crypto