Chainlink’s September Surge: How Exchange Supply Player The Major Role

In the tumultuous world of cryptocurrencies, where prices can fluctuate wildly in a matter of minutes, Chainlink has stood out as a beacon of stability and growth throughout September. While many digital assets experienced a rollercoaster ride, Chainlink’s performance has been nothing short of impressive. LINK Recorded Over 23% Price Increase Over the past two weeks, Chainlink’s price has surged by a remarkable 23%, leaving other cryptocurrencies trailing in its wake. What sets Chainlink apart from the crowd is its unique relationship with exchanges. When Chainlink’s native token, LINK, moves to exchanges, it often sees an initial boost in price.

The post Chainlink’s September Surge: How Exchange Supply Player The Major Role appeared first on The Merkle News.

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This New Trick Helps Exchanges Artificially Pump Up Their Trade Volume

This New Trick Helps Exchanges Artificially Pump Up Their Trade VolumeSome exchange operators have found a new trick to artificially pump up their trade volume. They are directly rewarding users with their own issued tokens for generating transactions, something critics call a backdoor ICO ripe for manipulation. Also Read: If You Can’t Beat Them, Join Them – Bitcoin Is Hiring Regulators Trading as Mining High […]

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Decentralized Exchange Compendium ‘Index’ Lists Over 200 Dex Platforms

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex PlatformsSince the creation of bitcoin and the hundreds of other cryptocurrencies in existence individuals have been trading their assets for profit or for other coins. A great majority of people use centralized exchanges, even though many of them require strict identification policies or have lost funds due to hackers infiltrating their platforms. Over the past […]

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Cobinhood Delists Six Tokens Susceptible to Pump and Dump, Limits Tether Pairs

Cobinhood Delists Six Tokens Susceptible to Pump and Dump, Limits Tether PairsAs some cryptocurrency exchanges are adding new altcoins, tokens and forks all the time, cashing in on massive listing fees from promoters, the need arises to trim the fat ever so often. Now Cobinhood is removing a few, offering a glimpse on how trading venues decide which tokens to cull.  Also Read: Canadian Multinational Bank […]

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

Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash TradesOn 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 […]

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Binance Exchange Disables New User Registrations

Binance Exchange Disables New User RegistrationsAnyone still sitting on the fence and considering whether to jump on the runaway cryptocurrency train way wish to make a move, because another door just slammed shut, reducing the number of on-ramps. The popular Binance exchange is no longer accepting new traders. Also Read: Several Bitcoin Exchanges Are Closing Their Doors to New Traders […]

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Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore

Trading Bitcoin for an Altcoin Won't Shield You From the IRS AnymoreAny American bitcoin investors who were hoping to avoid paying taxes for their profits this year by trading them for altcoins are in for an unpleasant surprise. New regulations have been tailored specifically to make sure U.S. taxpayers can’t use this method to avoid giving the IRS their cut. Also Read: South Africa Wants to […]

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