Binance taking the top spot on recently purchased CoinMarketCap has raised concerns among executives from other top crypto exchanges. For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at…
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Did CZ inadvertently admit to being involved in the management of CoinMarketCap? In a recent tweet, Binance (BNB) CEO Changpeng Zhao (CZ) may have inadvertently admitted his involvement in the management of the recently acquired CoinMarketCap (CMC). Following in Elon Musk’s footsteps? Zhao’s tweet from May 14 seemingly admits his involvement in managing CMC: Source:…
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Huobi Group rebranded its derivatives trading platform as Huobi Futures in a bid to attract more investors to cryptocurrency derivates trading. Huobi Group has rebranded its cryptocurrency derivatives exchange platform Huobi DM to Huobi Futures. According to the announcement from the company’s spokesperson and head of Huobi global business, Ciara Sun, the new name of…
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The number of Bitcoins held on centralized exchanges has fallen by more than 10% since Black Thursday in March. Data compiled by Glassnode is showing that the number of Bitcoin (BTC) held on top crypto exchanges has steadily fallen since the violent mid-March crash that saw crypto prices tumble by 50% in a single day.…
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The run-up to Bitcoin’s halving has driven near-record volumes, with April 30 posting the second-largest daily trade on record. Pre-halving speculation has driven historic volumes of crypto trade, with April 30 producing the second-strongest single day for volume on record according to a report published by market data aggregator, CryptoCompare. Notional volume for BTC options…
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In the wake of the recent pandemic, here’s how many different blockchain projects are stepping up to donate resources in the hopes of finding a vaccine. As the world is still reeling from the effects of the coronavirus pandemic, people everywhere are doing what they can to support the effort to find vaccines and treatments.…
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One week after Justin Sun’s hostile takeover of Steem, Huobi launched trading for the community hard fork Sun sought to suppress. The price of Hive (HIVE), a hard-fork of Steem (STEEM), has skyrocketed following its listing on Huobi. The listing comes one month after Huobi and Binance mobilized customer funds to vote against the Steem…
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Recent turbulence has brought traditional tools such as circuit breakers to the forefront of crypto community discussions. Since the inception of Bitcoin, volatility has been a part of the cryptocurrency narrative even before exchanges and the current mainstream mentions. Now that traditional markets are showing volatility further exacerbated than anti-fragile cryptocurrency during the coronavirus pandemic,…
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Total futures trading volume skyrocketed during the first quarter of 2020 in comparison to 2019 data. A study by TokenInsight indicates that the total futures trading volume in the crypto industry reached over $2.1 trillion in Q1 2020. This is an increase of 314% from the 2019 Q4 average. According to the “2020 Q1 Cryptocurrency…
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Huobi’s HUSD minting amount of $4.2 million coincides with April 20 day. Today, April 20, Huobi has reportedly minted some 4,200,000 HUSD worth $4.2 million. According to data published by Whale Alert, this minting occurred around 7:30 GMT. Social media reactions saw users note this number’s similarities to today’s date — the 20th day of…
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