Category: Trading
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Bullish signal suggests the bottom is in for bitcoin, says technical analyst
A trading indicator in the bitcoin markets suggests the bottom may be in, according to one technical analyst. The two-week MACD of bitcoin crossed into a buy signal on Apr. 1st, the first time since May 11th, 2015, the bottom of the market before it exploded in 2016-2017. Technical analyst Crypto Thies recently tweeted on…
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Manipulation rampant on decentralized crypto exchanges says latest research
Multiple cases of “Flash Boys” type automated trading bots have been found working on decentralized exchanges. According to researchers from Cornell Tech, the aggressive market strategies employed by these bots enable manipulative practices that could significantly damage ordinary trading. Cornell Tech Research Paper Discovers Manipulative Trading Practices on Decentralized Exchanges While decentralized exchanges have been…
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How some cryptocurrency exchanges incentivize wash trading
Exchanges are eager to increase their trading volume. Higher volume results in more liquidity, which attracts more traders and ultimately results in higher revenue. Although many in the industry have pointed out the flaws in these metrics, there is evidence that some exchanges are structured to encourage wash trading. Attracting New Traders A handful of…
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Tether accused of minting almost $400 million in uncollateralized UDST to prop up bitcoin
Tether, the largest stablecoin by market capitalization, has issued over $300 million in USDT during the last week. The sudden increase in supply has resulted in accusations that Tether is, once again, engaging in market manipulation and that its stablecoin is still unbacked by dollar reserves. How Tether Impacts Bitcoin Tether and closely-connected exchange Bitfinex…
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PR: CoinAll lists MINDOL and Offers a 25,000 MIN Giveaway
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. On April 2019, CoinAll, one of the fastest-growth cryptocurrency exchanges, announced the listing of Mindol (MIN). At the…
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Investor: If bitcoin breaks $6,200, it may mark the start of a major bull run
In the past week, the bitcoin price has increased by nearly 6 percent from around $5,000 to $5,300, following an initial 20 percent gain from $4,200 to $5,000. The short-term rally of the dominant cryptocurrency led to a swift change in the sentiment around the cryptocurrency market as it pushed other crypto assets in the…
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PR: Switch.ag Releases SwitchDex – a Decentralized Exchange
This is a press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Switch.ag is a new kind of token exchange. Switch not only gives users the ability to seamlessly “switch” between…
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Experts argue on whether to go short or long on Binance Coin
Binance Coin, a widely-used utility token issued by Binance, was one of the best performing cryptocurrencies of 2019. Despite BNB’s impressive Q1 performance, Nick Tomaino, founder of crypto venture fund 1confirmation, thinks it’s the right time to short. During the first three months of 2019, Binance Coin (BNB) was arguably the best performing cryptocurrency. From…
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Data shows bitcoin most overbought since 2017: parabolic phase or impending crash?
[youtube https://www.youtube.com/watch?v=bjJwM9_jf0o&w=560&h=349] Bitcoin is currently at its most expensive levels in 2019. According to the GTI Global Strength Indicator—a technical analysis tool that gauges intraday crypto volatility, bitcoin is currently in ‘overbought’ territory—suggesting it could be entering a “parabolic phase,” or be prepared for another downturn. GTI Global Strength Indicator Warns About Bitcoin’s Massive Rally…