Ethereum (ETH), currently the third largest cryptocurrency, saw its network hit all-time high on-chain transaction levels in December — excluding the DAO Hack period from 2016. According to a recent report by market research firm Diar, last month’s on-chain transaction volume hit 115 million ETH, the highest since the network’s genesis. However, despite the new peak, […]
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Cumulative Volume on Huobi Derivative Market Exceeds $20 Billion
Huobi has announced that its cryptocurrency derivative platform, Huobi DM, has surpassed $ 20 billion in cumulative trading volume. The announcement comes just one month after the platform exited beta mode.
Also Read: Eastern European P2P Markets See Strongest BTC Volume in Over 12 Months
Huobi DM Cumulative Trade Volume Doubles in 2 Weeks
Huobi Derivative Market has announced that the cumulative trade volume on the platform has exceeded $ 20 billion as of Jan. 12, 2019. As such, cumulative trade on the platform doubled in just 15 days.
Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000?
In the last 48 hours, the volume of the crypto market has dropped from $ 15 billion to $ 13 billion as the Bitcoin price fell below the $ 3,600 mark. Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears.
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The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTC
OTC crypto platform Genesis Global Trading has increased its annual trading volume by 50 percent and we’ve got the details in this edition of The Daily. We also feature an announcement by Bittrex which sought to calm traders who spotted 130,000 BTC being moved, and the launch of an offers bot by P2P exchange Hodl Hodl.
Also read: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency
Kraken: Volume of US Govt. Subpoenas Huge ‘Barrier to Entry’ for Crypto Exchanges
Running a crypto-based financial service in the US is becoming difficult due to unconventional legal costs, cryptocurrency exchange Kraken indicated in its latest “transparency report.” Crypto Exchange Kraken Says Government Inquiries Tripled in 2018 The US-based crypto exchange, which additionally operates in Canada, Europe, and Japan, reportedly received 315 subpoenas from US law enforcement agencies, … Continued
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Circle Invest: Recurring Trade Volume Has Doubled Since September
Circle Invest, the retail crypto trading platform for Circle, has reportedly seen significant growth in the total volume of recurring trades on the platform, as well as other key metrics. According to a recently published year-end report, more than 30% of all purchases on Circle Invest are recurring, and recurring trade volume has doubled since September. […]
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Circle’s OTC Crypto Trading Desk Saw $24 Billion in Volume in 2018
Crypto heavyweight Circle stated in a blog post that their OTC (Over-the-counter) business has facilitated over $ 24 Billion worth of trades. This is a huge number given that OTC trading volumes are not reported publicly and there have been growing discussions about institutional investor activity over crypto OTC desks. Circle Trade has become a core liquidity
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December Volume Report: Top Markets See Strongest Trade of H2 2018
The five most traded cryptocurrency markets saw an increase in volume during December, when compared with the previous month. Despite the spike in trading activity posted by the dominant markets, many crypto assets ranked below the top five saw a decline in month-over-month volume.
Also Read: Report: Indian Government Updates Progress on Crypto Regulation
USDT and Top Altcoin Markets See Volume Increase
BTC saw a slight increase in volume during December, with $ 157.2 billion worth of trade taking place, up from $ 156.5 billion during November. As such, BTC posted its strongest volume since May.
Major Bitcoin Exchanges Accused of Faking Volume: Who’s Trustworthy?
A blockchain data research firm has released a damning report which accuses several major cryptocurrency exchanges of engaging in unscrupulous activities aimed at faking bitcoin trading volumes. According to the Blockchain Transparency Institute (BTI), only three cryptocurrency exchanges of the dozens surveyed — namely Binance, Bitfinex, and Liquid — were found not to be “grossly
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The Daily: Bitcoin Posts Record Volume, Ledger Plans Major Update
The news is bullish in this edition of the The Daily, mirroring the mood of the crypto markets. We’ll start by delving into BTC’s record-breaking day for trading volume and then examine a couple of stories that suggest 2019 is poised to get off to a very positive start.
Also read: Only Sharks Will Feed on the Crypto Market’s Elusive Price Bottom
Bithumb Accused of Inflating Reported Trading Volume
An investigation conducted by Crypto Exchange Ranks (CER) has alleged that Bithumb, the largest Korean digital currency exchange by volume, has drastically inflated its reported trade volume during the second half of 2018. The report asserts that a number of irregular patterns identified in Bithumb’s trade activity suggest “apparent trade manipulations being performed.”
Also Read: Former IMF Economist Mark Dow Closes $ 14K BTC Short
Report Accuses Bithumb of Dramatically Inflating Trade Volume
Research carried out by CER alleges that Bithumb uses “various trade volume manipulation techniques” to inflate its reported trade activity. The report also alleges that the exchange uses a “multi-factored approach” to conceal the volume irregularities.
Bitcoin Exchange Bithumb: Researchers Uncover Likely Fake Volume
Korean exchange Bithumb reported volumes more than 10x its summertime averages in early November. CryptoExchangeRanks.com, a research firm linked with Hacken, decided to vet the data. They made the report available to CCN and it’s at the bottom of this article. Interesting patterns were uncovered when Bithumb’s trading patterns were put under a microscope. The
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MIT: Crypto Pump-and-Dumps See $7 Million in Volume Every Day
According to the Massachusetts Institute of Technology (MIT) Technology Review, two researchers at the prestigious Imperial College London have utilized artificial intelligence (AI) and machine learning to analyze hundreds of crypto pump-and-dump schemes to figure out a way to spot them before they occur. Since the 2017 bull market of cryptocurrencies, pump-and-dump schemes in the
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P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
The heavy selling pressure that has dominated the cryptocurrency markets in recent weeks has coincided with a surge in peer-to-peer (P2P) trade volume across the Localbitcoins markets in Asia and South America. Globally, higher trade activity over the past two weeks has also driven the strongest volume since September 2017, with roughly 12,116 BTC changing hands in the last seven days.
Also Read: Express Your Gratitude With Bitcoin.com’s New Smart Tip Generator
Venezuela
It appears that the popularity of BTC among Venezuelan citizens continues to grow exponentially, despite the introduction of the national cryptocurrency, the petro.
Unikrn CEO Claims OKEx Forces Projects to Increase Trading Volume
Rahul Sood, the CEO of Unikrn, a cryptocurrency-driven esports betting platform that is notably backed by Mark Cuban and Ashton Kutcher, took to Twitter on Thursday to blast Hong Kong-based OKEx for what he claims are improper practices. In his tweet thread, Sood revealed that OKEx has given Unikrn an ultimatum: in order to stay listed, the blockchain project must […]
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Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH
Cryptocurrency markets have continued to see significant losses, with BCH, BTC, and ETH posting new lows for 2018. Despite also losing fiat value, XRP’s gains when priced in BTC have extended its dominance over ETH.
Also Read: ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs
BCH Posts All-Time Lows
BCH has continued to produce bearish momentum, dropping to record lows against both fiat and cryptocurrency pairings. When measuring against the dollar, BCH has spent the majority of today, Nov. 21, bouncing between the record low area of $ 230 and local resistance at roughly $ 270. BCH has lost approximately 60% of its dollar value in the last fortnight in the wake of its contentious hard fork. As of this writing, BCH is trading for roughly $ 247 on Bitstamp.
Markets Update: Bitcoin Cash Price Rally Stalls but Trade Volume Spikes Hard
There are less than two days left until the Bitcoin Cash (BCH) network faces a contentious hard fork and BCH markets are showing some unusual activity. They are being driven by heavy trading volumes that have doubled in the last two days, while BCH/USD short positions on Bitfinex have touched an all-time high. At the moment, bitcoin cash is trading for $ 529 per coin with more than $ 900 million worth of global swaps in the last 24 hours.
Also read: Cryptocurrency ATM Growth Spikes Exponentially to 4,000 Machines Worldwide
Binance CEO: Market Still in Good Position — Real Crypto Volume 2x Larger Than Reported Stats
In an interview on CNBC Crypto Trader hosted by Ran Neuner, Binance CEO Changpeng Zhao (CZ) stated that the crypto market and Binance are still in a good position even after nearly a year of downward price movement. Binance Maintaining Healthy Business Over the past 11 months, the cryptocurrency market has lost more than 70
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Exchanges Roundup: Binance ‘Very Healthy’ Despite Volume Drop, Gate.io Breached
In cryptocurrency exchange news, Binance’s CEO has described the exchange as “very healthy” despite the dramatic reduction in trade volume compared with early 2018, and Gate.io was recently breached via a malicious script added to web analytics provider Statcounter. Also, a South Korean ICO raising money for a crypto exchange desk appears to have pulled a $ 2.73 million exit scam.
Also Read: Korean Exchange Terminating After Regulator Crackdown
Binance Unphased by Dwindling Volume
Speaking to CNBC, CZ, the chief executive officer of the largest exchange by volume, Binance, recently discussed the declining trade volume posted throughout the current cryptocurrency bear market.
Stablecoin Wars: Poloniex Eliminates USDC Trading Fees in Bid to Boost Volume
In case you missed it, Poloniex, one of the major altcoin exchanges, was acquired by Circle in February. Previously, Circle was focused primarily on the major coins versus fiat pairings, but since its acquisition of Poloniex it has had the opportunity to dive into more tokens, and in September it launched its own stablecoin to
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