How Coinmarketcap Incentivizes Exchanges to Report Fake Volume

Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published… Continue Reading

China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

In recent cryptocurrency news from China, three cryptocurrency mining hardware manufacturers have been valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000… Continue Reading

Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves”

Mastercard has patented a method to manage cryptocurrency “fractional reserves”. The big idea behind it seems to be that users will be able to pay with fiat on credit cards partly backed by crypto assets using a centralized system offering… Continue Reading

Powerful Cryptocurrency Firms on the Road Towards Becoming Banks

When bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. Meanwhile, cryptocurrency exchanges, brokerage services, and over-the-counter market makers… Continue Reading

Markets Update: Cryptocurrency Valuations Gain Billions in One Day

Two days ago, cryptocurrency bulls were attempting to break strong resistance and managed to push digital asset values to much higher price regions. The price of bitcoin core (BTC) was averaging $6,740 per BTC during the early morning trading sessions… Continue Reading

Nervos Raises US$28M Series A from Polychain, Sequoia for Enterprise dApps Blockchain Platform

Chinese blockchain startup Nervos has raised US$28 million in a Series A funding round from Polychain Capital, Sequoia China, and others, to develop a hybrid blockchain network for enterprises decentralized applications (dApps). The new capital will be used to grow… Continue Reading