Bitcoin Exchange Bithumb: Researchers Uncover Likely Fake Volume

Bitcoin Exchange Bithumb: Researchers Uncover Likely Fake Volume

Advertisement TweetShare Korean exchange Bithumb reported volumes more than 10x its summertime averages in early November. CryptoExchangeRanks.com, a research firm linked with Hacken, decided to vet the data. They made the report available to CCN and it’s at the bottom of this article. Interesting patterns were uncovered when Bithumb’s trading patterns were put under a…

Bitcoin Could Hold $6,300 For Another Month Due to Low Volume

Bitcoin Could Hold $6,300 For Another Month Due to Low Volume

Advertisement Twitter Facebook Over the last 24 hours, Bitcoin has slightly recovered from $6,230 to $6,260, unable to breakout of the $6,300 mark. Throughout the upcoming days, if Bitcoin fails to stabilize in the $6,300 to $6,400 range, the price of BTC is at risk of dropping to the lower region of $6,000 and possibly…

Bitcoin Reaches October 2017 Volume as ETH, XRP, and BCH Fall 4%

Bitcoin Reaches October 2017 Volume as ETH, XRP, and BCH Fall 4%

Advertisement Over the last 24 hours, the volume of Bitcoin has increased by yet another 10 percent from $3.5 billion to around $3.8 billion. On October 28, the volume of Bitcoin increased by around 20 percent from $3.1 billion to $3.5 billion, showing strong and sustainable momentum in the lower region of $6,000 for the…

Bitcoin Doesn’t Move as Market Continues Stability, Volume Rises 20%

Bitcoin Doesn’t Move as Market Continues Stability, Volume Rises 20%

Advertisement Over the past 24 hours, the cryptocurrency market has demonstrated the same trend it has shown throughout the past 12 days, with Bitcoin at $6,400. The volume of Bitcoin has increased by nearly 20 percent from $3.1 billion to $3.5 billion, hinting a rise in trading activity in the cryptocurrency exchange market across major…

Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume

Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume

Advertisement The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume. The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $58 wide range, providing day traders plenty of profitable opportunities to enter and exit the market on every…

Bitfinex Strikes Back at ‘FUD’ over Phantom Tether Trading Volume

Bitfinex Strikes Back at ‘FUD’ over Phantom Tether Trading Volume

Advertisement Cryptocurrency exchange Bitfinex is striking back at reports that it is publishing fake tether (USDT) trading volume, calling those allegations the latest “not-so-brilliant example of anti Bitfinex/Tether FUD.” The Curious Case of Bitfinex’s USDT/USD ‘Trading Pair’ The allegations stem from curious data published on cryptocurrency data aggregation site CoinMarketCap related to a supposed USDT/USD…

Soaring Inflation Sends Bitcoin Trading Volume to New High in Venezuela

Soaring Inflation Sends Bitcoin Trading Volume to New High in Venezuela

Advertisement The amount of Venezuelan bolivars being spent to purchase bitcoin has risen to record levels as the South American country experiences unprecedented hyperinflation and a worsening economic crisis. Per Coin Dance, bitcoins worth nearly 900 million bolivars have been traded so far this week in Venezuela, and this is already higher than last’s week…

XRP Sees 2% Loss After Big Announcement, Bitcoin Shows Low Volume

XRP Sees 2% Loss After Big Announcement, Bitcoin Shows Low Volume

Advertisement Since late September, the low volume of Bitcoin has been an issue for the cryptocurrency exchange market. Although BTC was expected to break out of major resistance levels at $6,800 and $7,000, its low volume prevented it from recording a major movement on the upside. Earlier today, on October 2, Ripple Labs introduced three…

Tether Dominates 98% of Stablecoins’ Daily Trading Volume: Report

Tether Dominates 98% of Stablecoins’ Daily Trading Volume: Report

Advertisement Despite the criticisms of opaqueness and centralization leveled against Tether, the stablecoin which was initially known as RealCoin continues to beat its rivals by wide margins. In a report titled The State of Stablecoins, digital assets tech firm Blockchain Luxembourg SA estimates that approximately 98% of the total daily trading volume of stablecoins is…