70% of unregulated exchange transactions are wash trading: NBER study
The researchers found that in some exchanges, the wash trading volume can go as high as 80%. Go to Source Powered by WPeMatico
Month: December 2022
Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka
Fiji elects a pro-Bitcoin prime minister, signaling a positive future for Bitcoin adoption in the pacific island nation. Go to Source Powered by WPeMatico
Alameda wallets funnel over $1.7M via crypto mixers overnight
Data negates the possibility of liquidators behind the fund transfers due to the use of mixing tools and extensive planning to hide transaction paths. Go to Source Powered by WPeMatico
Microstrategy Bitcoin purchase divides the crypto community
Many praised the move, while others brought up some potential negative effects of one entity holding a lot of Bitcoin. Go to Source Powered by WPeMatico
Gold-Based Digital Assets Issued in Russia
A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints Gold-Backed Coins Sber, Russia’s largest bank, … Read more
Bitcoin price would surge past $600K if ‘hardest asset’ matches gold
The coming decade could be Bitcoin’s time to copy gold’s 1970s breakouts, says Capriole Investments. Go to Source Powered by WPeMatico
Celsius wants to extend the deadline for claims as lawyer fees mount
Administrative expenses from the bankruptcy proceedings have already topped $53 million, and continued delays are chipping away at Celsius’ estate. Go to Source Powered by WPeMatico
3Commas API leak victims demand refunds and apology for ‘gaslighting’ users
3Commas finally admitted there was an API leak after months of refuting community reports that it had occurred. Users were not happy about being “gaslighted.” Go to Source Powered by WPeMatico
Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market
Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed to further grow its business in Japan at this time. Kraken Exiting Japan Cryptocurrency exchange Kraken announced Wednesday that it has decided to “cease its … Read more
MicroStrategy to offer Bitcoin Lightning solutions in 2023
MicroStrategy’s Lightning Network solutions include Satoshi-powered incentives for marketing and website cybersecurity. Go to Source Powered by WPeMatico
