Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

By CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of crypto exchanges. ‘Reported’ and ‘adjusted’ volumes wildly differ on sites like CoinMarketCap.com. For example, if you look at the image below, you’ll notice a wild difference in “reported” and “adjusted” volumes at press time. Ranking Exchanges Beyond Their “Volume” ViewBase, a “market insights and community” platform centered around cryptocurrency, recently published a report which details other ways we might rank exchanges. Rankings could be based on real facts, like how much crypto they…

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Binance: JPMorgan Token a ‘Stepping Stone’ to Mass Crypto Adoption

JPMorgan’s controversial blockchain token might not be a real cryptocurrency, but researchers say it could help spark concrete crypto adoption. Binance Argues JPMorgan’s Dubious Crypto Project Will Spur Real Adoption In a new article from Binance Research, one of the world’s largest cryptocurrency exchanges deems JPM Coin a “stepping stone” toward mass adoption. By exposing large clients to a private blockchain structure, JPMorgan will indirectly increase interest in the wider crypto industry. “The rise of this third generation of stablecoins may only be an intermediate stepping stone for cryptocurrency mass…

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How the World’s Largest Crypto Exchange Helped Usher in the Dawn of a Currency Revolution

The world’s largest crypto exchange, Binance, is flush with massive profits from its operations in 2018, estimated from buybacks of its BNB token to total $446 million. Although Bitcoin is trading at a loss over the last 12 months, transaction volume has been steadily increasing over the last year, so Binance has been busy. “To date, even in this bear market, we still run a profitable business,” Binance CFO Wei Zhou told CNBC in a phone interview Wednesday. Binance is looking good in 2019. Awash with cash from its 2018…

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Avoiding QuadrigaCX’s $190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds?

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and Ethereum, and $40 million in cash stored with a third party. How do the world’s largest digital asset exchanges such as Binance and Coinbase store funds to avoid a tragic situation like QuadrigaCX? CEO Should…

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Binance Delists 4 Cryptocurrencies, Sending All of Them Crashing

As of yesterday, October 9th, 2018, Binance, one of the world’s largest and most popular cryptocurrency exchanges, has announced that they will be delisting four tokens from their trading platform until further notice. The announcement was made early yesterday morning on the exchange’s website and stated that due to the Binance team’s dedication to protecting The post Binance Delists 4 Cryptocurrencies, Sending All of Them Crashing appeared first on CCN

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Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, The post Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive appeared first on CCN

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Binance Hires IPO Heavyweight as CFO, Fueling Rumors the Exchange is Going Public

Cryptocurrency exchange Binance has recruited an executive with wide experience in initial public offerings (IPOs) as its chief financial officer. Wei Zhou, who is currently the vice chairman of gay dating platform Grindr, boasts of executive experience running into more than one-and-a-half decades. He began his career at the Hong Kong subsidiary of Goldman Sachs, The post Binance Hires IPO Heavyweight as CFO, Fueling Rumors the Exchange is Going Public appeared first on CCN

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Bitcoin Price Just Surged to $7,200 Within 1 Hour, Strong Short-Term Rally Next?

In the past hour, the Bitcoin price has surged from $7,030 to $7,200, bringing the entire market with it to the upside. Bitcoin Cash, NEO, Litecoin, ICON, EOS, VeChain, Tron, Qtum, Cardano, and most major tokens have recorded 5 to 15 percent gains in the past 30 minutes, showing the establishment of newly found momentum. The post Bitcoin Price Just Surged to $7,200 Within 1 Hour, Strong Short-Term Rally Next? appeared first on CCN

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