$6 Billion Daily Crypto Volume is Being Faked, How Can it be Combated?

Earlier this week, the Blockchain Transparency Institute (BTI) published a report claiming that the global crypto exchange market is faking $6 billion of its daily volume. The researchers at BTI evaluated the user activity and traffic of the market’s biggest crypto exchanges, comparing their projected trading volume to other metrics. Slippage, a method utilized by The post $6 Billion Daily Crypto Volume is Being Faked, How Can it be Combated? appeared first on CCN

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Bitcoin Price Rebounds to $9,200 After a 10% Decline, Market Begins to Rebound

The bitcoin price has rebounded to $9,200 after experiencing a 10 percent decline on April 26, from $9,700 to $8,800. The sharp decline in the price of bitcoin was said to be triggered by the sale of the Mt. Gox trustee funds. Swift Recovery More than 17,000 bitcoins were said to be dumped on the … Continued The post Bitcoin Price Rebounds to $9,200 After a 10% Decline, Market Begins to Rebound appeared first on CCN

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Bolivar to Bitcoin Trading Surpasses a Record $1 Million per Day

Venezuela’s economic situation has been steadily declining in the past few years, bringing Venezuelans to turn to cryptocurrencies. According to VeneBloc data, the bolivar-to-bitcoin market recently reached a new record, as the equivalent of $1.009 million in bolivars were exchanged for bitcoin on April 17. VeneBloc tracks transactions made on peer-to-peer exchange LocalBitcoins on the … Continued The post Bolivar to Bitcoin Trading Surpasses a Record $1 Million per Day appeared first on CCN

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Bitcoin Back to $8,250, Ethereum and ERC20 Tokens Secure Momentum

Alternative cryptocurrencies (altcoins) and Ethereum have outperformed bitcoin over the past 24 hours, the most dominant cryptocurrency in the market, over the past two weeks. The valuation of the cryptocurrency market has rebounded to $346 billion, moving closer to the $400 billion region. Altcoin Season In periods of extreme volatility and uncertainty, investors tend to The post Bitcoin Back to $8,250, Ethereum and ERC20 Tokens Secure Momentum appeared first on CCN

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Retailer Adoption of Bitcoin is Growing in the US and Canada, Despite Price Fall

Earlier this week, leading US electronics retailer Newegg expanded its bitcoin integration to its platform in Canada, allowing millions of customers based in Canada to pay for products with bitcoin. Increasing Retailer Adoption Newegg CEO Danny Lee emphasized that the value of bitcoin has skyrocketed since 2014, when the company first integrated bitcoin, and noted The post Retailer Adoption of Bitcoin is Growing in the US and Canada, Despite Price Fall appeared first on CCN

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Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday’s Losses

After dipping below $6,500, the price of bitcoin has increased 7 percent to $7,100, as the rest of the cryptocurrency market recovered over the past 24 hours. Since March 30, the valuation of the cryptocurrency market rose from $250 billion to $268 billion, by around 8 percent. Correlated Movements On March 29, Cornell professor Emin … Continued The post Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday’s Losses appeared first on CCN

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Cryptocurrency Market Slump Extends as Bitcoin Remains Below $8,500

Since yesterday, March 25, the cryptocurrency market has struggled to rebound to the $350 billion region. Apart from some small cryptocurrencies like Ontology and Ethos, most cryptocurrencies like bitcoin have recorded a slight decline in value. Bitcoin and Ethereum Keep Yesterday’s Levels Since March 25, both Ethereum and bitcoin have struggled to record any major The post Cryptocurrency Market Slump Extends as Bitcoin Remains Below $8,500 appeared first on CCN

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Circle’s Coinbase-Like Cryptocurrency Investing App Enters Closed Beta

Fintech startup Circle’s Coinbase-like cryptocurrency investing app “Circle Invest” has entered a closed beta. It’s not clear exactly when the Circle Invest beta opened, but users began reporting that they had received invitations on March 6. I received my invitation the next day, at which time Google Play indicated that roughly 100 users had downloaded The post Circle’s Coinbase-Like Cryptocurrency Investing App Enters Closed Beta appeared first on CCN

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