Archivos de etiquetas: trading

Trading Sanctions Imposed on Tezos Co-Founder Amid FINRA Settlement

Trading Sanctions Imposed on Tezos Co-Founder Amid FINRA Settlement

The Financial Industry Regulatory Authority (FINRA), has taken action against Tezos co-founder Arthur Breitman. The Wall Street regulator has fined Mr. Breitman $20,000 USD, banning Tezos from associating with broker-dealers for two years. It’s part of a settlement following FINRA’s accusations that the crypto company’s co-founder made false statements regarding the project whilst employed at Morgan Stanley.
Also Read: Bitcoin Cash Smashes Through $1,000 USD
Tezos Co-Founder Settles With FINRA Arthur Breitman and FINRA have agreed to a settlement pertaining to allegations that Mr. Breitman made false statements regarding the project whilst he was an employee of Morgan Stanley. The allegations appear to have spurred by an October 2017 article published by Reuters that purported to evidence Mr. Breitman’s deliberate attempts to conceal his involvement with Tezos while working at the firm.
The report stated that “In the summer of 2014, while working at Morgan Stanley in quantitative fi..

Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations

Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations

This week the Reserve Bank of India (RBI), the country’s central bank, has banned banks from dealing with cryptocurrency businesses. Indian financial institutions have three months to cease doing business with digital asset operations but some of them may stop facilitating INR settlements. News.Bitcoin.com spoke with Sumit Gupta the founder and CEO of a new Indian digital currency exchange called Coindcx. Gupta told us about his team launching a cryptocurrency trading platform in the midst of regulatory uncertainty.
Also read: Help Wanted! Japan Needs Crypto Engineers
Launching an Indian Cryptocurrency Exchange During Regulatory Uncertainty Sumit Gupta is launching a cryptocurrency exchange called Coindcx that enables Indian residents to trade over 30 digital asset pairs legally in BTC/ETH markets with 0.1% trading fees. The founder explains that Coindcx wants to give India’s thriving blockchain community a chance to stay alive and give it the strength to keep pushing for progress. T..

Markets Update: Crypto Assets Spike But Traders Are Skeptical

Markets Update: Crypto Assets Spike But Traders Are Skeptical

Most of the top crypto assets are seeing gains today as many cryptocurrencies suffered losses over the past week. BTC/USD markets reached a weighted average of $9,892 across global exchanges during the overnight trading sessions. This rise follows BTC/USD prices touching a low of $8,366 on March 9 and many other digital assets reaching lows as well. After most crypto-assets spiked during this morning’s early trading sessions, this afternoon a significant amount of them are seeing losses once again.
Also Read: Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company
Monday’s Early Morning Spike Doesn’t Hold as Bears Claw Weaker Volumes The overall market capitalization of all 1500+ digital assets is roughly around $394Bn after a vast majority of cryptocurrencies shaved billions off their valuations over the past six days. During Sunday’s trading sessions on March 11, BTC/USD markets and many other cryptos started seeing some relief. Currently, BTC volume is decent as there’s ..

Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trades

Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trades

On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes.
Also read: Thailand Dodges Extreme Cryptocurrency Regulations
Massive Discrepancies Between Exchanges Sylvain Ribes has published a study that reveals some interesting information about trade volumes stemming from exchanges like Okcoin (Okex) and Huobi, which may be falsifying their trade volumes. Ribes calculated his data from order books across all major exchanges to “measure how badly market selling $50k USD worth of each cryptocurrency would crash the price.”
Further Ribes refers to a term called “slippage,” which he defines as “the percentage change between the observed mid-spread price and the lowest price I had to consent to sell the asset.” Throughout Rib..

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud

The Belgian financial authority has published a list of 19 cryptocurrency trading platforms that it had received complaints about. The regulator says these platforms show signs of fraud.
Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies
19 ‘Fraudulent’ Crypto Trading Platforms Belgium’s Financial Services and Markets Authority (FSMA) has recently warned about fraudulent cryptocurrency trading platforms. The agency also published a list of 19 crypto platforms it “has received questions or complaints from consumers about and has established indications of fraud,” the agency wrote.
They are 01crypto, Btc-cap, Capital-coins, Coinquick, Cryptavenir, Crypto-banque, Crypto-infos, Cryptos.solutions, Cryptos-currency, Ether-invest, Eurocryptopro, Finance-mag, Gme-crypto, Gmtcrypto, Good-crypto, Mycrypto24, Nettocrypto, Patrimoinecrypto, and Ydconsultant.
The agency emphasized that this list does not include all questionable crypto trading platforms – only on..

Korean Government Officials De Facto Banned from Holding and Trading Crypto

Korean Government Officials De Facto Banned from Holding and Trading Crypto

The South Korean government has reportedly de facto banned all government officials from holding and trading cryptocurrencies. Even if their crypto activities are not related to their jobs, public officials can still be subject to disciplinary actions.
Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten
Public Officials De Facto Banned from Crypto South Korea has reportedly “issued a ban on virtual currency holdings and transactions to all government officials,” Maeil Business Newspaper reported.
According to the document entitled “Virtual currency holdings and transaction-related information for civil servants,” the publication elaborated:
The personnel department requested that they [civil servants] refrain from holding and trading virtual currency even if there is no job relevance…This is the first time the government has formulated a virtual currency ban for all public officials.
Disciplinary Actions Encouraged but Not Defined The publication quoted the pers..

Korea’s Mandatory Crypto Real-Name System Neglected – 19% Conversion Rate

Korea’s Mandatory Crypto Real-Name System Neglected – 19% Conversion Rate

South Korea’s real-name system for cryptocurrency trading has been enforced for over a month, but most accounts have not been converted to the new system. Banks are still not converting accounts for most crypto exchanges and the government will not force them or investors to use the new system.
Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten
After 1 Month – 19% Conversion Rate One month after the implementation of the government-mandated real-name system, the conversion rate of virtual accounts from the old system to the real-name system in South Korea is only 19%, No Cut News daily newspaper reported. “There is still a large number of investors who do virtual currency trading without [the] real name change.”
According to the news outlet, Bithumb’s conversion rate of 15% is the lowest, while Coinone’s 26% is the highest. In addition, none of the banks have converted accounts for small and medium-sized exchanges. The news outlet described that during the month:..

Two Indian Token Marketplaces Suspend Trading Due to Regulatory Pressure

Two Indian Token Marketplaces Suspend Trading Due to Regulatory Pressure

Two Indian crypto token marketplaces have announced that they will halt trading from March 5. The platforms state that this is due to regulatory pressure which put their businesses “under a lot of stress.”
Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten
Two Token Marketplaces Halt Trading Two Indian crypto token marketplaces, Btcxindia and Ethexindia, have announced that they will “halt cryptocurrency trading from March 5,” the Economic Times reported.
Over 35,000 members have used the two platforms, the news outlet added. Btcxindia, which began as one of India’s oldest bitcoin exchanges, has been operating for four years. However, last year the platform dropped bitcoin trading to offer real-time ripple (XRP) trading for Indian rupees (INR). Btcxindia recently posted a notice on its website, stating:
Customers are advised to withdraw their funds (BTC, XRP and INR) on or before 04 March 2018, if not [their accounts] will attract annual wallet maintenance fees…..

Another Thai Bank Shuts Down Accounts of Local Crypto Exchange

Another Thai Bank Shuts Down Accounts of Local Crypto Exchange

Another major Thai bank is reportedly terminating transactions involving cryptocurrencies through the bank accounts of a local crypto exchange. This decision follows a similar move by another major Thai bank, Bangkok Bank, to terminate the same exchange’s bank accounts.
Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten
Second Bank Closes Account of Crypto Exchange A major Thai financial institution, the state-owned Krungthai Bank, has “shut down crypto trade accounts,” the Bangkok Post reported on Monday. The bank has become the second in Thailand “to terminate transactions involving cryptocurrencies trading with Thai Digital Asset Exchange (TDAX),” a local cryptocurrency exchange.
The first bank was Bangkok Bank, which decided to terminate TDAX’s accounts with the bank last week. Earlier this month, Thailand’s central bank issued a circular, asking financial institutions to refrain from getting involved in five cryptocurrency activities.
Mr. Somchai Sujjapongs..