Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

Stablecoins See Few On-Chain Transactions Despite Recent Surge in Exchange VolumeDespite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens. Also Read: Swiss Stock Exchange Launches Trading for ETH ETP DAI Sees Significant Onchain Usage Of the established stablecoins, DAI has recorded the largest […]

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Researcher Claims to Have Sleuthed $90M of Quadrigacx Funds

A new research report links a trail of 12 wallets holding Quadrigacx funds worth $90M of ethereum to Kraken, Bitfinex, and Poloniex exchanges. With Kraken confirming that it no longer holds any active Quadriga wallets, the onus is now on the other two exchanges to confirm or deny that the coins are still in their […]

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Bear Market Bites Bitcoin Unicorn Circle, Shares Plunge 80%: Report

According to reporting by The Block, the value of shares in Circle, a privately-owned crypto company, has dropped dramatically over the last year. Frostbite: Bitcoin Unicorn Circle Suffers Sinking Valuation amid Crypto Winter Referencing a platform called SharesPost, the report indicates that the stock has dropped from an opening price of $16.23 to $3.80 as of today. SharesPost enables accredited investors to buy and sell shares in private companies. Earlier, R3 advisor Tim Swanson tweeted that more major cryptocurrency companies are trading well below their most recent valuations in the secondary markets. at least one secondary market for private companies is

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Circle’s Cryptocurrency OTC Desk Swapped More Than $24 Billion in 2018

Circle's Cryptocurrency OTC Desk Swaps More Than $24 Billion in 2018Finance company Circle claims its over-the-counter (OTC) cryptocurrency trading desk swapped a notional volume of $24 billion last year. The Boston-based company’s Circle Trade desk reportedly executed more than 10,000 cryptocurrency settlements between 600 unique counterparties in 2018. Also Read: New Full Node Client ‘Bitcoin Verde’ Joins the BCH Ecosystem Despite the Crypto Bear Market in […]

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Circle’s OTC Crypto Trading Desk Saw $24 Billion in Volume in 2018

Crypto heavyweight Circle stated in a blog post that their OTC (Over-the-counter) business has facilitated over $24 Billion worth of trades. This is a huge number given that OTC trading volumes are not reported publicly and there have been growing discussions about institutional investor activity over crypto OTC desks. Circle Trade has become a core liquidity

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Crypto Bear Market Triggers Rise in M&A Activity

In 2018 there was a rapid decline in initial coin offerings, a slowdown in blockchain business launches, and a bearish crypto market. During this period, companies with good liquidity have been scaling up and strengthening by acquiring startups.  Also Read: Global Cryptocurrency M&As Rise  M&A Deal Frenzy in 2018 In 2017 the number of cryptocurrency and […]

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Stablecoin Wars: Poloniex Extends Fee-Free USDC Trading

As we previously reported, Circle’s Poloniex participation in the stablecoin wars is evident in their decision to not charge fees on use of USDC on their platform. For the month of November, trades in USDC were not charged any fees at all. According to an e-mail blast from Poloniex, this amounted to more than $500,000

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The Daly: Poloniex Offers Institutional Accounts, Okex Launches ‘Perpetual Swap’

The Daly: Poloniex Offers Institutional Accounts, Okex Launches Perpetual SwapCryptocurrency exchange Poloniex is now offering institutional accounts and we’ve covered the announcement in The Daily. Also, Okex is launching a new derivative product, while crypto derivatives exchange Erisx has raised $27.5 million and Nasdaq has confirmed that it’s planning to launch bitcoin futures next year.   Also read: Binance Shows DEX Preview, Ohio to […]

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