Shocking! Crypto Skyrockets 3,700%, Exposing Flawed Trading Data

By CCN: Stealth (XST) is a coin that is listed as part of three pairs on two exchanges. One exchange is the venerable Bittrex, one of the few known to be not faking its volume, and another is one of which we’ve never heard. Yesterday, we noticed that XST spiked an incredible amount – nearly 3,700%, briefly pushing its market capitalization to more than $ 150 million. $ 1,960 in Volume = $ 150 Million Market Capitalization? Since then, the coin has deflated back to $ 0.14 per token. The volume today is much higher than the amount that led it to its price

The post Shocking! Crypto Skyrockets 3,700%, Exposing Flawed Trading Data appeared first on CCN

News – CCN

Bitcoin Price: Textbook Stock Trading Indicator Forecasts 31% Rally

The bitcoin price could attempt a runup towards $ 6,800 in the near-term, according to one popular stock trading indicator. Bitcoin on the Verge of a Bump-And-Run Reversal? Dubbed a Bump-and-Run Reversal (BARR), the pattern includes three crucial phases before an asset undergoes a full-blown breakout session. $ BTC. Literally a textbook BARR bottom. Hint: This means bears are fucked. pic.twitter.com/5ZUMGCXMIt — B.Biddles (@thalamu_) April 14, 2019 First, the “Lead-in” phase sees the asset consolidating sideways under a slightly declined trendline. The next stage is the “Bump” phase, in which the price experiences a sharp decline accompanied by substantial volume. The asset

The post Bitcoin Price: Textbook Stock Trading Indicator Forecasts 31% Rally appeared first on CCN

News – CCN

Wall Street Shenanigans: Rampant Trading Bots are Exploiting Crypto Exchanges

By CCN.com: Cryptos’ attempts to distance and differentiate itself from traditional financial markets has taken another knock. This follows revelations that trading manipulation using high-frequency bots is rampant on decentralized exchanges (DEX) by researchers at Cornell Tech. In a paper titled ‘Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges’, the researchers have argued that despite the promise of blockchain technology being to bring about trading ecosystems that are fair and transparent, this has not been achieved due to the growing deployment of arbitrage trading bots: “Like high-frequency traders on Wall Street, these bots exploit inefficiencies in

The post Wall Street Shenanigans: Rampant Trading Bots are Exploiting Crypto Exchanges appeared first on CCN

News – CCN

Chinese Crypto Whales Avoid Ban with Premium OTC Trading to Buy Bitcoin

According to CNLedger, a recognized source of China-related cryptocurrency news, the Chinese over-the-counter (OTC) market has revealed strong buys as of late, indicating an overall rise in demand for bitcoin. 1/ Chinese markets reveal strong buys. OTC (Over-The-Counter) trades, the almost only way to buy bitcoin with fiat in China, showing considerable $ premium (1 USDT = 7 CNY) over the official rate of 1 USD = 6.7 CNY. pic.twitter.com/bd0n0DGFVU — cnLedger (@cnLedger) April 8, 2019 After the Chinese government banned bitcoin and cryptocurrency trading in September 2017, local publications including SCMP have reported that a relatively large number of

The post Chinese Crypto Whales Avoid Ban with Premium OTC Trading to Buy Bitcoin appeared first on CCN

News – CCN