Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trades

On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes. Also read: Thailand … Read more

Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist

As the saying goes, don’t keep all your stablecoins in one basket. Over-reliance on tethers could prove costly to an exchange such as Bittrex if U.S. regulators were to crack down on the controversial stablecoin. This week, Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future … Read more

Cryptocurrency Exchanges Slash Withdrawal Fees

In the past week, three of the most popular cryptocurrency exchanges have cut bitcoin withdrawal fees by up to half. While the average price of sending bitcoin has been falling for weeks, these savings had yet to be passed on to exchange customers. Now Binance, Bitfinex, and Kraken have all reduced their fees amidst a … Read more

Bank of America Becomes the Latest Credit Card-Issuer to Ban Bitcoin

U.S. banks really aren’t big on bitcoin. That’s the inference to be drawn from a widespread crypto crackdown led by major financial institutions. Bank of America, the country’s second largest bank, is the latest player to give bitcoin the thumbs down, joining JP Morgan Chase and Citigroup in seeking to distance itself from cryptocurrency purchases … Read more

Trading Tip `The Wall´ – Wall Street Price Manipulation? Go Long

Trading is arrogant, be it on Wall Street or across crypto exchanges. In order to trade rather than hodl, you must fundamentally believe you’re smarter, more disciplined or better informed than the other half of the market. Time will tell. But as long as you’re trading, we’ve established that you’re at least more arrogant than … Read more

Tether Printing Press In High Gear, Issuing $400 Million in Four Days

Bitcoin has had a rocky week to say the least. At its lowest point, the cryptocurrency dipped to $9,200 before a rising green candle sent it scurrying back into the safety of five figures. That candle was sparked by the release of $100m worth of tethers – surrogate US dollars – and was followed by … Read more