Category: Exchanges
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Report: 87% of Crypto Exchanges May Be Falsifying Volume
At least 87 percent of cryptocurrency exchanges may have falsified their reported trade volumes, a new study claims. According to a review of the top 100 exchanges by analytics company The Tie, most of the trading volume on the world’s largest crypto trading platforms is suspect. Also read: Quadrigacx Co-Founder a Convicted Fraudster Suspicious Trading…
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Quadrigacx Co-Founder Michael Patryn Is Actually Convicted Fraudster Omar Dhanani
Quadrigacx co-founder Michael Patryn is actually a convicted criminal who went by the name Omar Dhanani, a Bloomberg report alleges. Dhanani has been previously convicted of identity theft linked to bank and credit card fraud and sentenced to 18 months in a U.S. federal prison. He was later deported to Canada. Also read: Spain’s 2gether…
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Nash Is a Decentralized Exchange for Cross-Chain Trading With Fiat Integration
90% of all cryptocurrency trading takes place on centralized exchanges. Nash is part of a new breed of exchanges determined to change that. The next generation of decentralized exchanges (DEXs) promise to improve the UX and simplify the trading experience, empowering users to retain custody of their funds without suffering the trade-offs that are normally…
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CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike
Back in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter. Now, close to two years and three months later, a surge of CNY has been flowing back into the digital currency economy after the Shanghai Composite posting…
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Cboe Discontinues Bitcoin Futures for Now
The Chicago Board Options Exchange (Cboe) has announced that it is dropping any new bitcoin futures contracts this month. The decision may have been necessitated by low trading volumes. Cboe indicated that its CFE futures platform was currently pondering its position on cryptocurrency derivatives trading. Also read: Canadian Capital Market Regulators Mull New Cryptocurrency Rules…
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Bitcoin Exchange Gatecoin Shuts Down Citing Financial Difficulty
Hong Kong-based bitcoin exchange Gatecoin has said it is shutting down citing financial difficulty. The exchange suffered a $2 million hack in 2016 and hasn’t been able to recover the funds. However, Gatecoin blames a registered French payment service provider for paralyzing its operations. The payments company allegedly duped the exchange out of an unspecified…
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Crypto Users Are Still Scared to Pay With Bitcoin in 2019 — FIO Protocol Aims to Fix That
[youtube https://www.youtube.com/watch?v=JXMpyuoBvGw&w=560&h=349] Over the last few months, a number of cryptocurrency wallet and exchange providers have joined the Foundation for Interwallet Operability (FIO). The foundation aims to improve digital currency operability because it believes the user experience (UX) for cryptocurrencies is poor and the majority of wallets cannot handle payment requests between wallets. On March…
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Xena Launches Leveraged Contract for Yet to Be Released Telegram Token
The Telegram token (gram) has started trading as a perpetual contract on London-based Xena Exchange. On Mar. 12, the crypto exchange launched a derivative contract for grams, with up to 100x leverage. The Xena-listed perpetual contracts are publicly tradable and are intended to provide liquidity for the gram token ahead of its release later this…
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Indian Crypto Exchange Wazirx Taking Auto-Matching P2P Services Global
Cryptocurrency exchange Wazirx is expanding globally. “While India has a banking ban,” the CEO of the exchange told news.Bitcoin.com, “we realized there’s banking trouble in a lot more countries.” Over 40 cryptocurrencies will be available to all major countries, with the exchange’s auto-matching P2P services to launch one country at a time based on user…
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Two Australian Crypto Exchange Licenses Suspended Following Arrest
Two Australian cryptocurrency exchanges have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following raids conducted by the Australian Federal Police in Melbourne. The raids resulted in the arrest of a 27-year-old who has been described as a “key member” of both exchanges. Also Read: P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela…