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Bitforex to Reopen Withdrawals Months After Team Members’ Detention Rendered Platform Inaccessible

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Digital asset platform Bitforex has announced that users will soon be able to withdraw their assets. However, all trading functions will remain suspended during this period. Additionally, the platform will cease all types of services and products and undergo a “comprehensive rectification.” Withdrawals to Be Directed to Designated Wallets Months after abruptly suspending withdrawals, digital … Read more

Suspicious Activity Surrounds BitForex Cryptocurrency Exchange

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A recent report by on-chain detective ZachXBT has shed light on concerning activity within the BitForex cryptocurrency exchange.  Investors are growing increasingly apprehensive as questions arise regarding the exchange’s recent transactions and actions. According to ZachXBT’s findings, BitForex witnessed a significant $56.5 million withdrawal from its hot wallet on February 23. Surprisingly, withdrawal processing was … Read more

Mycro’s MYO Token Sale on BitForex Turbo Sells Out

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June 11, 2019 – As with the preceding project, BitForex Turbo’s MYO token sale concludes within minutes on opening. In mid-April, BitForex launched their first project on Turbo, a platform aimed at highlighting noteworthy blockchain projects for the community to participate in with a fair distribution system. Now, following the initial successes, BitForex Turbo sells … Read more

PR: Xsolla Adds MobileGO (MGO) as New Payment Method for Developers and Gamers Globally

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OCTOBER 22, 2018 — LOS ANGELES — Xsolla, which provides game developers with a comprehensive suite of flexible tools and services to help launch, monetize and scale their games globally, today started accepting made-for-gaming cryptocurrency — MobileGO (MGO) — for its PC and mobile games partners. For the first time ever, developers are able to … Read more

Transaction Fee Mining Exchanges: Highly Popular, Highly Controversial

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You might not have traded on Fcoin or Bitforex, but you’ve probably heard their names mentioned in crypto trading circles. These exchanges are at the forefront of a relatively new business model known as transaction fee – or trans-fee – mining. While innovative, the token model deployed by these platforms is not without its controversies. … Read more

Coinmarketcap Responds to Accusations of Aiding Wash Trading

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Coinmarketcap (CMC), the web’s most popular cryptocurrency tracker website, has responded to accusations that it is implicit in supporting wash trading. This week, a platform called Crypto Exchange Ranks published detailed allegations of how CMC incentivizes exchanges to report fake volume. In a new blog post, Coinmarketcap has detailed its determination to support “transparency and … Read more

How Coinmarketcap Incentivizes Exchanges to Report Fake Volume

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Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published a report in which it accuses Bitforex of creating fake volume and Coinmarketcap (CMC) of … Read more