Ever wonder why there are so many top exchanges you’ve never heard of? If so, you might not be the only one. A recent report by CryptoCompare found that exchange-reported trading volumes remain far away from reality.
In its July 2019 Exchange Review, the cryptocurrency data and indices provider gathered statistics that suggest the crypto industry still has a long way to go when it comes to transparency and legitimacy.
Markets have taken a turn for the worse as North American investors reacted to the SEC’s latest pronouncements for future token sales. Based on their latest movements, regulators will continue to treat all token sales as likely securities for the foreseeable future.
Markets fell more than $17bn since Wednesday morning. Digital assets across the board are all affected, with Bitcoin (BTC) falling back to four-figures. At the time of writing, BTC was trading at approximately $9,988.
Ripple is back under selling pressure on Wednesday after the third largest cryptocurrency was swiftly rejected from the $0.2930 level earlier this week.
EDAG group, a German engineering company focused on the automotive sector, has developed trive.park, an app that lets users book parking spaces provided by its operator partners.
Edward Snowden is always the main event, no matter where he talks. It’s no surprise that the NSA whistleblower was the main event at the Web3 Berlin Summit, held in the former radio broadcasting center of the German Democratic Republic.
Speaking for an hour via video-link from Moscow, Snowden appeared vaguely Orwellian on two large screens on either side of the auditorium. He looked down at well over five-hundred people, crammed into every space available.
Earlier this month Kik released a 130-page filing that accused the Securities and Exchange Commission of “twist[ing] facts” in its lawsuit against the company’s 2017 Kin token sale. The company disputes claims that the 2017 sale of KIN tokens, which raised more than $100M, was a desperate attempt to save the company from ruin, and argues that the regulator is trying to discredit them publicly.
iFinex, the company behind Bitfinex, is under more pressure after the New York State Supreme Court judged that the exchange was in the New York Attorney-General’s (NYAG) Office’s jurisdiction. But that isn’t getting in the way of business: yesterday, Bitfinex completed its burn of nearly 40,000 LEO tokens (US$53,600), as part of a continuous process that will eventually redeem the entire supply.
Trading is muted in crypto markets, especially with respect to Bitcoin. After measurable gain early on Monday, BTC mostly stayed around its new $10,500-10,700 level. The rest of the market is seeing considerable pullbacks, with almost all major coins posting losses.
Travelport, a travel industry tech company, is teaming up with IBM and travel management company BCD Travel to streamline the hotel commission process with blockchain technology.
Litecoin appears relatively unsteady on Tuesday, after the fifth largest cryptocurrency by market capitalization found strong technical resistance from just shy of the $80.00 level.
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