Crypto News 

Report: 87% of the Volumes of the Top 25 Crypto Exchanges Could Be Fake

“The others are likely embellishing their trading volumes by 70 percent or more, with about 12 likely wash trading up to 99 percent of their overall volumes” writes Nick Marinoff for livebitcoinnews.com. Are the trading volumes of the world’s leading crypto exchanges fake?. The report suggests that of the top 25 exchanges listed on Coinmarketcap.com, only two are not actively engaged in wash trading tactics.Decentralization May Be the Key Unlike centralized exchanges, decentralized ones are more transparent and fairer, thereby eliminating the prospects of wash trading and fake volumes.New evidence…

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Crypto News 

Monex to Open Coincheck in the US to Cater to Institutional Traders

“The brand used will be Coincheck, a Japanese cryptocurrency exchange which Monex bought in April” writes Simon Golstein for financemagnates.com. Monex, a Japanese financial corporation, is to begin offering a cryptocurrency trading service in the US in the first quarter of 2019.Interestingly, Bartleman shared that TradeStation, which is a foreign exchange broker based in Florida, has invested in a different cryptocurrency exchange called ErisX, which will also cater to institutional traders in the US, pending regulatory approval.Coincheck was once one of Japan’s major cryptocurrency exchanges, before hackers stole approximately $500…

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Crypto News 

Report: South Korean Crypto Exchanges Overtake Maltese Ones by Daily Trade Volume

“Cryptocurrency exchanges registered in South Korea have overtaken their Maltese-registered counterparts by average daily trade volume in November” writes Ana Berman for cointelegraph.com. November in South Korea was also marked by the shutting down of a local crypto exchange Zeniex.The reason behind the switch might be that in November, Bithumb — a major South Korean exchange — allegedly overtook Binance as the top exchange in terms of daily trade volume.The November edition of CCCAGG, a monthly crypto exchange review published by CryptoCompare, shows that South Korean exchanges, including Bithumb, Coinone,…

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Crypto Markets News 

As bitcoin trading shifts shape, big money stays away

“Bitfinex trading volumes climbed 38 percent in November, which the firm attributes to traditional investors with roots in high-frequency trading opening accounts since March” writes Midwest Communications Inc for 95kqds.com. She cited the startup’s own “stablecoin” digital currency, which is pegged one-to-one with the dollar and could appeal to institutional investors.But exchanges and industry figures interviewed by Reuters said institutional investors such as asset managers, pension funds and investment banks remain largely absent from bitcoin trading, even as the shape of the market changes.But despite the work by startups and…

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PANDORA Launches Crypto Platform Using FX Trading Technology

“The platform, which utilises foreign exchange (forex) trading technology, allows investors to trade digital assets through MetaTrader 5” writes Celeste Skinner for financemagnates.com. PANDORA, a cryptocurrency trading platform, announced on Thursday that it officially launched to the public on December 3, 2018.Through the platform, traders have access to indicators, trading bots and social trading which allows investors to copy the trading strategies of professional traders. It aims to achieve this by offering traders more crypto-focused trading solutions leveraging the sophisticated technology available within the forex trading industry.Alongside the trading platform,…

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Crypto News 

Crypto in 2018: The Year in Hacks

“Japan is leading the way in government-enforced cryptocurrency exchange security standards; when the country passed its Virtual Currency Act in April of 2017, it created a process for cryptocurrency exchange to become licensed” writes Rachel Mcintosh for financemagnates.com. The Coincheck hack was more than $80 million higher than the infamous Mt Gox hack, previously known as the largest cryptocurrency hack in history.There’s also hope that security practices on cryptocurrency exchanges will continue to improve as regulations improve. Source: financemagnates.com Share This:

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Bitfinex, Ethfinex Add Four More USD-Backed Stablecoins

“In October, top crypto exchanges OKEx and Huobi both added four USD-backed stablecoins at once” writes Ana Alexandre for cointelegraph.com. The move from Bitfinex and Ethfinex places them into the ranks of major digital currency exchanges actively listing stablecoins on their platforms.Last month, major crypto exchange Binance announced it would list Circle’s USD-pegged stablecoin USDC, subsequently renaming its USDT Market into a combined Stablecoin Market (USDⓈ).The move follows the introduction of direct USDT-fiat trading in late November, through the addition of USDT/USD and EURT/EUR trading pairs on the Bitfinex platform. Source:…

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News 

Binance Releases Second Demo Video of Decentralised Exchange

“A decentralised exchange is an exchange which allows people to trade cryptocurrencies with each other directly” writes Simon Golstein for financemagnates.com. Binance, one of the most popular cryptocurrency exchanges in the world, has released a video demo of its new decentralised exchange.Binance is a centralised exchange which has traded $605 million worth of cryptocurrency trades in the last 24 hours, according to coinmarketcap.com.It announced the development of decentralised exchange in March, saying that it could bring “significant improvement” to its customers’ “trading experience”.Binance released its first demo video in August,…

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Crypto News 

Ethereum Bug Gave Hackers the Power to Abuse Crypto Exchanges

“Many exchanges, the researchers discovered, were not implementing appropriate limits on GasToken utilization or on how many tokens could be sent to random addresses” writes Nick Marinoff for livebitcoinnews.com. A bug centering around the Ethereum-based GasToken that paved the way for abuse on cryptocurrency exchanges has been fixed.Thus, upon the completion of a transaction, the hackers could potentially force the exchanges into paying very high amounts for ongoing computation and then drain the exchanges’ reserves.The bug made it possible for hackers to force exchanges into paying very high fees, though…

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Crypto News 

North Korean Hackers Move Onto Attacking Individuals After Exchanges Boost Security

“The CEO of cybersecurity firm Cuvepia declared that his company detected over 30 attacks on crypto-bearing individuals probably carried out by North Korean hackers, English-language media site South China Morning Post reports Nov. 29” writes Adrian Zmudzinski for cointelegraph.com. Kwon Seok-Chul, the CEO of the aforementioned South Korean cybersecurity company, said that the new targets of the suspected North Korean cyberattacks “are just simple wallet users investing in cryptocurrency.” He then added that many cases probably haven’t been detected, and that there may have been well over 100 attacks.As the…

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