9 Best Cryptocurrency Exchanges for Trading Cryptocurrency

Cryptocurrency Exchanges for Trading

1. Binance

Binance is a rapidly growing exchange that concluded its ICO a few months back. Though it is based out of China, it doesn’t serve its native country but is open to almost all countries around the world. Since its ICO to till date, it has grown tremendously and is now placed in top 10 cryptocurrency exchanges in the world. It now has more than 140 altcoins listed on it which are only increasing as the days are passing. Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins. BNB is Binance Coin which is the native currency of this platform.

Binance’s fee structure is also unique. To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure. To get started with Binance you need to register using your email ID and the process is quite simple & fast. Moreover, you get 1 QTUM coin as a kind gesture for registration which is limited to 10,000 QTUM coins on first come first basis. Binance is one of the few exchanges that offers mobile app for iOS and Android. Being using it for a while, I find it too easy to trade cryptocurrency while on the move. They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users, Binance Angel Program,  and the Community Coin Per Month etc for more adoption of their platform.

2. BitMex

BitMex is high volume crypto exchange created by a talented team of economists, high-frequency traders and web developers for the crypto community. Here you will never find any issues regarding the liquidity of your cryptocurrencies. The primary currency traded on this exchange is Bitcoin and its future contracts. Apart from Bitcoin contracts, one can also play around with future contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple. The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below:

Coins	Leverage	Maker Fee	Taker Fee	Settlement Fee
Bitcoin (XBT)	100x	-0.0250%	0.0750%	0.0500%
Bitcoin Cash (BCH)	20x	-0.0500%	0.2500%	0.0000%
Cardano (ADA)	20x	-0.05%	0.2500%	0.0000%
Ethereum (ETH)	50x	-0.0500%	0.2500%	0.0000%
Litecoin (LTC)	33.33x	-0.0500%	0.2500%	0.0000%
Ripple (XRP)	20x	-0.0500%	0.2500%	0.0000%

3. KuCoin

KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coin such as DragonChain, $KCS, and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS. To get started with KuCoin, you can deposit any crypto of your choice ex: BTC and start trading. Personally, I have been using KuCoin since last quarter of 2017 and they are getting popular day by day.

4. Changelly

Changelly is one of the easiest ways to get ahold of various cryptocurrencies. Changelly has a proven track record of consistently good products being put out into the crypto-space. One of the best things about Changelly is that you don’t need to go through any lengthy verification or registration process. You just log in with your email ID (or any email ID) and start exchanging! Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use exchanges out there. If you want to know more, check out Harsh’s review on Changelly.

When you use Changelly to exchange cryptocurrency, Changelly bots connect in real time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price. Usually, when using Changelly, a crypto-to-crypto exchange takes 5 to 30 minutes. They charge a commission fee of 0.5% on each trade, which I think is minimal in exchange for the volatility and risk that they bear on behalf of their users. In addition to the commission, a miner’s fee is also paid by the user and is deducted directly from their crypto balance.

But all you need in order to buy from Changelly is a VISA/MasterCard (credit/debit card) or any Changelly-supported cryptocurrency and a wallet where you want to receive your new coins. The procedure is very simple. Head toward CoinSutra’s Cryptocurrency Exchange – Changelly, and follow the steps given in this guide. Note: Though this guide shows how to buy Ripple in exchange for BTC, the process is exactly the same to buy any other Changelly-supported cryptocurrency. And if you want to buy cryptos using a VISA/MasterCard, then here is their official step-by-step guide on doing that. (Even though this guide is for buying BTC using a VISA/MasterCard, the process is the same as buying any other Changelly-supported cryptocurrency.)

5. Huobi Pro

Huobi Pro is an international cryptocurrency exchange that originated in China but now has moved across the world to serve a maximum number of investors. It is based out of Singapore and has been operating in this space successfully for the last five years. As we speak, it occupies the #3 spot on CoinMarketCap’s list of exchanges by volume and has 244 cryptocurrency pairs. Hence, needless to say, of this, you will never face liquidity problems on this exchange. They also have mobile apps for both Android and iOS for users who want to trade cryptos on the go. Their registration process is also pretty simple and straightforward, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low. Have fun.

6. Bittrex

Bittrex is a US-based cryptocurrency exchange that provides you the option to trade more than 190 cryptocurrencies at a time. They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds. Bittrex handles one of the largest BTC trading volumes out of all the exchanges in the world. Here, the users (buyers/sellers) decide the rates in which they want to trade, and Bittrex charges them a small service fee for providing this platform (0.25%).

To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your ID documents and phone number, as well as enabling two-factor authentication for higher limits. But one good thing about Bittrex is the account verification happens quite fast.

Bittrex supports two types of accounts:

• Basic Account – withdrawal funds worth up to 3 BTC/day.
• Advanced Account – withdrawal funds worth up to 100 BTC/day.

Bittrex is a “crypto-only” exchange, meaning it doesn’t allow you to deposit fiat currencies such as USD, EUR, GBP, etc.

They provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so newbies should have no problems.

You can visit Bittrex and open a Bittrex account by following this official step by step guide here.

 

7. Poloniex

Founded by Tristan D’Agosta, Poloniex has been operational since January 2014 and is undoubtedly one of the biggest cryptocurrency exchanges in the world. It is based out of the United States and offers +100 cryptocurrencies to its users to trade. When you talk about trade volumes, nothing beats Poloniex. In 2017, Poloniex had the highest volume for ETH because it supports an independent Ethereum market as well as a BTC market.

It is a crypto-only exchange, but you can start trading easily by depositing USDT (Tether dollars). Poloniex also has zoomable candlestick charts for 5-minutes, 15-minutes, 30-minutes, 2-hours, 4-hours, and 1-day, along with a stop-limit feature for advanced cryptocurrency traders. Poloniex charges a fee of 0.15% to 0.25% on all trades depending upon whether you are a maker or a taker. So if you are looking to trade a variety of altcoins, then you should give Poloniex a shot. To get started with Poloniex, follow this official guide. Remember: As soon as you sign up for Poloniex using your email, do make sure to enable two-factor authentication!

8. Bitfinex

Bitfinex is another one of the largest and most popular cryptocurrency exchanges out there. Based out of Hong Kong and operational since 2014, it gives its users the option to trade the following 13 cryptocurrencies in exchange for USD or BTC:

• Bitcoin
• Bcash
• Dash
• Ethereum
• Zcash
• Monero
• Litecoin
• Ethereum Classic
• OmiseGO
• EOS
• IOTA
• Santiment
• Ripple

Update: They have added a lot more cryptos recently.

Unlike Bittrex and Poloniex, you can trade using USD (with a wire fee of at least $20). Also, users will need to pay a trade fee which varies from 0.1% to 0.8%. Also, whenever you withdrawal or deposit anything, you are charged a certain fee. On Bitfinex, if you are a pro-trader, you will find advanced trading tools such as limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, along with different market charts. To get started on Bitfinex, you need to register, verify your ID, and authenticate yourself. It typically takes 15-20 business days after submitting valid ID proof before you’re accepted into the platform. And whenever you get bored with the web version or want to trade on-the-go, you can use Bitfinex’s Android and iOS mobile apps.

Using the above cryptocurrency exchanges will allow you to buy almost all of the cryptos you could ever want to buy. However, there are a few more cryptocurrency exchanges that you should have an account with, as there are a few coins that are only available there. It’s a good idea to have an account on most of these, which will save time when you discover a winning coin.

 

Some of those exchanges are:

• Gate.io
• Beaxy

I will update this post as I find other trustable and feature-rich cryptocurrency exchanges. For now, you can consider joining our Telegram channel to stay updated with all the latest info. I hope these insights help you in choosing the best cryptocurrency exchange for you to use.

But one word of caution:

• Don’t use these exchanges as a wallet to HODL your cryptos.

If you are storing cryptocurrencies on these exchanges for a few hours or even a few days for the sake of trading, then it’s probably OK. Otherwise, this is a bad practice. Large-scale hacks like Mt. Gox can happen at any time. I would strongly recommend you to use the Ledger Nano S or a wallet like Exodus, where you can store a lot of different cryptos and control your private keys. So now it’s your turn to tell me: Which one of these exchanges do you like the best? Also, what’s another great exchange that I haven’t listed here? Let me hear your thoughts in the comments below!

Article Produced By
Harsh Agrawal

https://coinsutra.com/best-cryptocurrency-exchanges/

David https://markethive.com/david-ogden

Tron's DAU Highs but will TRX Respond and Rally?

Tron (TRX) prices drop 3.5 percent

Platform registers new dApp DAU highs

Tron’s superior dApp count and DAU is the reason why Misha Lederman, the network’s advisor of the Dapp Evolution Ecosystem is upbeat. Regardless, TRX prices are under pressure but technically bullish above 3.1 cents.

Tron Price Analysis

Fundamentals

Misha Lederman is a Tron and TRX bull. He’s an ardent supporter as well a certified protector of the network. While Justin Sun has his fair share of criticism, what Tron represents and strive for cannot be dismissed. Adopting a delegated proof of stake consensus algorithm and introducing super representatives, their network is scalable and fast.

However, Tron’s value proposition lies not in their throughput but their TVM. Launched less than three quarters ago, it is compatible with Ethereum’s, and the icing on the cake is perhaps their irresistible offers. Because of that and incentives as Tron Arcade, for example, some projects did shift camps, migrating from Ethereum and settling for speed and scalability. Add that to the successful acquisition and tokenization of BitTorrent, and it is not hard to see why Misha is optimistic. In his latest tweet, he said Tron’s superior dApp and daily active user count is a testament enough of their superiority over competitors and that the platform’s potential is only beginning to show.

Nonetheless, Ton (TRX) is under pressure, dropping 3.5 and 4.3 percent in the last day and week. All the same, technical candlestick arrangements are supportive of bulls. From our previous TRX/USD trade plan, the asset is trending within a bullish breakout pattern as TRX prices oscillate within a 1 cent range with caps at 2.1 cents and 3.1 cents on the upside. Currently, prices are ranging at around the breakout level at 2.5 cents, which is neutral but bullish.

However, it is after there is a sharp move above Apr-30 highs confirming the double-bar bullish reversal pattern ofApr-25-26 that traders can begin loading up with tight stops at Apr-30 lows and targets at 3.1 cents. However, for trend continuation, prices must close above the consolidation at 3.1 cents as buyers of late Dec 2018 flow back.

Technical Indicator

As aforementioned, Tron (TRX) is flat, trading at 2.5 cents. Even so, buyers are in control as long as prices are above 2.1 cents or Jan-14 lows. Accompanying the next wave towards 3.1 cents must be high volumes exceeding 13 million of Apr-25 as laid out in our last TRX/USD trade plan. Conversely, losses below 2.1 cents must be with equally high volumes.

Article Produced By
Dalmas Ngetich

https://www.newsbtc.com/2019/05/04/trons-dau-highs-but-will-trx-respond-and-rally/

David https://markethive.com/david-ogden

Why Nano-Cap Vislink Technologies Is Ripping Higher

Shares of Vislink Technologies Inc VISL 318.67%,

a global wireless communications solutions provider, were skyrocketing on above-average volume Wednesday. 

What Happened

Vislink announced a $2.8-million contract Wednesday that it won with the U.S. Army to supply intelligence, surveillance and reconnaissance receiver devices. "We are honored that Vislink continues to be a trusted partner to our armed forces, and this latest contract underscores our ability to meet their most stringent requirements," COO John Payne said in a statement. 

Why It's Important

Vislink has had several positive catalysts in recent months. In early June, the company said it bagged $650,000 in orders for HD airborne downlink system equipment and related services from law enforcement agencies in California and Minnesota. The company said in late May that it regained full compliance with all applicable listing requirements of the Nasdaq Capital Market. The recent U.S. Army contract represents about 7% of Vislink's annual revenue of $37.9 million in 2018. At last check, Vislink shares were soaring 331.31% to $7.12 at the time of publication Wednesday.

Article Produced By
Shanthi Rexaline

Benzinga Staff Writer

 

https://www.benzinga.com/news/19/07/14054045/why-nano-cap-vislink-technologies-is-ripping-higher

David https://markethive.com/david-ogden

                               

The Takeaway

• High-frequency trading (HFT), a longtime and controversial practice in traditional markets, is becoming commonplace in crypto, too.
• Placing trading servers physically close to exchanges’ matching engines can win an edge on speed. This helps HFT firms make large profits in the legacy markets.
• Crypto exchanges such as ErisX, Huobi and Gemini are trying to attract large algorithmic traders with colocation offers.
• Demand for the service is high, but its benefits are a matter of debate, due to the structure of the crypto market.

A handful of cryptocurrency exchanges are rolling out the red carpet for high-frequency traders. Huobi, based in Singapore, and ErisX, in Chicago, have separately begun offering colocation, in which a client’s server is placed in the same facility or cloud as the exchange’s, officials at each exchange told CoinDesk. This allows those investors to execute trades up to a hundred times faster, giving them an edge over the rest of the market. These exchanges join Gemini, which was one of the first crypto firms to offer colocation at a popular data center in the New York area, and is about to expand the option to include a second site in Chicago. Notably, none of these exchanges charges for the service, seeing it as a way to differentiate themselves. “It’s our competitive advantage,” said Andrey Grachev, head of Huobi Russia, the exchange’s Moscow client office.

To be sure, such accommodations remain rare in crypto, which historically was dominated by individual traders and only recently began to draw interest from institutional investors such as hedge funds and family offices. But the exchanges’ moves are a sign that high-frequency trading (HFT), a longtime and controversial practice in traditional financial markets, is slowly entering the crypto sphere. And though “bots” have been present in crypto since the days of Mt. Gox, colocation takes algorithmic trading to a different level. Eric Wall, former crypto and blockchain lead at Cinnober, a financial technology company acquired by Nasdaq,

told CoinDesk:

“It’s big business, everyone I’ve been speaking to that runs an exchange mentioned being approached by Wall Street types with these kinds of requests.”

Most crypto exchanges are not ready to satisfy this demand, Wall said. These are “very new concepts to many retail-focused exchanges with no experience of the traditional world, it seems.”

800K trades a day

In the six months since Huobi opened its Russia office, around 50 clients have taken advantage of its colocation service by locating their servers in the same cloud and using the same domain name service (DNS) as the exchange, according to Grachev. The option allows these clients to make trades 70 to 100 times faster than other users, he said. “One of our clients makes about 800,000 trades a day, and there are more and more such clients.” Unlike many crypto exchanges that use cloud-based servers, ErisX has a hardware matching engine, located in the Equinix data center in Secaucus, New Jersey, said Matthew Trudeau, the exchange’s chief strategy officer.

The same facility houses the matching engines of a range of major traditional exchanges, brokers and trading firms, Trudeau told CoinDesk, so traders that colocated servers in the data center can connect to ErisX’s matching engine there. (The firm launched spot trading in several cryptocurrencies in April and recently obtained regulatory approval for futures.) Gemini, founded in 2014 by Cameron and Tyler Winklevoss, also houses its primary trading platform at Equinix and offers colocation there. The exchange plans to offer another colocation option soon in Equinix’s Chicago data center, where multiple stock exchanges — and their HFT customers — keep their hardware, according to Gemini’s website.

In a statement, Gemini’s managing director of operations Jeanine Hightower-Sellitto said the exchange “offers a variety of connectivity options to suit our customers’ needs. Each option is available to all of our customers free of charge.” Coinbase, the leading U.S. crypto exchange, almost entered the fray, but this year closed down its Chicago division that had been working on services for high-frequency traders, including colocation. At the time, the exchange cited its prioritization of other institutional services. The company declined to comment for this article. (Gemini, which just opened a Chicago office, hired some of Coinbase’s former employees there.)

Controversial practice

All of this invites the question of whether HFT, given its history on Wall Street, could exacerbate problems in the opaque and volatile crypto markets. As depicted in Michael Lewis’s book Flash Boys, algorithmic stock traders placed their servers in the physical vicinity of exchanges’ to execute trades faster than other investors and make profits on arbitrage between markets in fractions of a second. The issue with HFT, as explained by Lewis, is that in a market where some players can perform trades hundreds of times faster than ordinary users, they get an unfair advantage and leave ordinary, non-algorithmic traders with inferior price options.

Another problem with HFT, according to a 2011 report by the International Organization of Securities Commissions (IOSCO), is that it can dramatically increase volatility in markets. In particular, it contributed to the so-called Flash Crash on May 6, 2010, when the prices of many U.S. securities fell and recovered dramatically in minutes, exposing ordinary traders to a higher risk which they couldn’t manage as quickly as HFTs. High-speed trading has led to other technical glitches that cost companies hundreds of millions of dollars, the Federal Reserve Bank of Chicago wrote in 2012, noting that “some high-speed trading firms have equity ownership stakes in certain exchanges.”

Maturing market

However, ErisX’s Trudeau (who, it should be noted, was one of the early employees of stock exchange IEX, the heroes of Flash Boys) argued that high-frequency arbitrage and automated trading, in general, can benefit markets. They are helping to narrow the price spread between different exchanges over time and make markets more efficient – including the crypto market,

Trudeau said, explaining:

“This phenomenon has occurred in other asset classes as trading has become more electronic and more automated. Market makers and arbitrageurs are able to trade more efficiently, which improves price formation, price discovery and liquidity. Arbitrage opportunities may become fewer and more fleeting, which is a sign of a more efficient and maturing market.”

It’s important, however, to check if the exchanges and high-frequency traders strike deals with preferential terms which are not disclosed to the market, he noted. As for ErisX, it “offers transparent, standardized pricing and connectivity options for our customers. All customs are offered the same terms of access and fees,” Trudeau said. For its part, Huobi tries to make sure all users “compete on a level playing field,” said the exchange’s head of global sales and institutional business, Lester Li.

Li told CoinDesk:

“Our users know that we monitor for any abusive trading activity. We also continually remind users that there will always be risks when you trade, that is why we strongly recommend users to trade within their means and be mindful of the risks involved.”

Protecting retail

Still, other exchanges contacted by CoinDesk made a point of saying they don’t do anything special for algo traders. A smaller exchange tailored for institutional clients, LGO Markets, which launched earlier this year, took the opposite approach, deliberately slowing the trading process for everyone, according to CEO Hugo Renaudin.

Before getting matched, the orders are gathered into batches and the hash of every batch gets recorded in the bitcoin blockchain — each batch takes around 500 milliseconds to form, so this serves as a “speed bump” for trades, Renaudin said. As a result, “every trader has the same feedback on the activity of the platform.” Taking a similar stance, Kraken’s vice president of engineering, Steve Hunt, told CoinDesk the exchange doesn’t do anything differently for HFT customers.

“We want all customers regardless of size or scale to have equal access to our marketplace,” Hunt said. Binance, the world’s largest crypto exchange, is not considering offering colocation, account manager Anatoly Kondyakov told attendees of a recent “elite investor” meetup in Moscow. He gave two reasons. First, “we’re trying to protect retail customers,” Kondyakov said, answering a question from the audience. Second, colocation means an official presence in a particular jurisdiction, he said, which Binance is not willing to do at the moment. (Binance is known for its deft regulatory arbitrage.)

Too soon?

Still, others said the crypto market hasn’t caught up with the traditional financial world to the point where offering colocation services to HFT firms would make much sense. “Currently, the crypto market structure is still developing. HFT, in the context of equity and FX markets, does not really exist,” said Wilfred Daye, head of financial markets at San Francisco-based exchange OKCoin. Traders coming into crypto from the traditional markets do ask for colocation, he said, but “the ask is one-off, not a popular ask in crypto,” so OKCoin doesn’t offer this service.

David Weisberger, ?o-founder and CEO of market data platform Coinroutes, has another reason to be skeptical about HFT in crypto: this market is so much more dispersed and volatile that what works with stocks just won’t with bitcoin. The concept of HFT front-running is irrelevant in crypto, Weisberger said, where the prices vary between different exchanges much more than in

traditional markets:

“In futures or equities, with relatively large minimum quote variations, the bid offer spread is often stable with a lot of bids and offers at the same price. In that circumstance the fastest gets to be at the front of the queue whenever the price changes. Those orders at the front of the queue are profitable, while the ones at the back are not. In crypto, the tick size (price variation) is so small, it is easy to be ‘first’ by paying a slightly higher amount, so no need for incredible speed.”

Plus, crypto exchanges are so scattered around the world that there is no point in “being colocated to one exchange and still having to wait seconds for Binance to update,” Weisberger added. The reason there is demand for colocation at crypto exchanges, he concluded, is simply

human nature:

“People always fight the last war. People do what they are used to.”

Article Produced By
Anna Baydakova

Anna writes about blockchain projects and regulation with a special focus on Eastern Europe and Russia. She joined CoinDesk after years of writing for various Russian media, including the leading political outlet Novaya Gazeta. Anna owns a fraction of ETH.

https://www.coindesk.com/high-frequency-trading-is-new-battleground-in-crypto-exchange-race

David https://markethive.com/david-ogden

                                   

David https://markethive.com/david-ogden

Recognizing Blockchain’s Potential, Some Politicians Now Calling For Crypto Bans

For many years leaders around the world dismissed cryptocurrency as lacking

any true value or legitimate use. This attitude was due largely to a failure to understand, or respect, its revolutionary nature. Now that mass adoption is underway, crypto cannot be ignored, and voices are now emerging calling for it to be banned. Although misguided, this hostility clearly reflects the realization that blockchain technology will inevitably lead to a radical restructure of the global economic framework. In May, U.S. Congressman Brad Sherman (D-CA) called for an outright ban of cryptocurrencies in the United States. This is the second time Sherman has made such a proposition. Last July he called for a law making mining and trading illegal.

What is notable about Sherman’s anti-crypto stance is his premise that blockchain assets threaten to undermine the global hegemony of the U.S. Dollar by creating borderless, supranational money that cannot be tracked or regulated. In other words, Sherman dislikes crypto because he has come to recognize its true potential. Gone are the arguments that cryptocurrency is a scam, or a ponzi scheme. Now it is being taken seriously as a legitimate alternative to the fiats issued by central banks. It is worth noting that Sherman’s primary campaign donors include UBS and Royal Business Bank as well as credit card processor Allied Wallet.

Russian parliamentarian Nikolai Arafiev is another politician seeking to ban cryptocurrency largely due to its disruptive potential. A senior member of the Duma, Arafiev has stated that crypto has the potential to destroy Russia, largely because it enables assets to be moved outside of the country, and without any state oversight. Specifically, Arafiev has stated:

“If cryptocurrency worked, we would be completely ruined today because all financial flows would be taken out of Russia. And Russia would end. Because cryptocurrencies were created to ensure that the state does not control the flow of capital.” These comments compliment those of Elina Sidorenko, a Duma official investigating crypto regulations, who earlier this year stated that Russia would not implement the digital currency for at least thirty years.

The harsh sentiments expressed by Sherman and Arafiev can also be found by leaders in other economically influential nations. Indian lawmakers, for example, are presently considering criminalizing crypto adoption with ten years in prison. At issue is, of course, the power held by states over how capital is created and used. The centralization of state-backed fiats in the 19th century, and the abandonment of the gold standard in the 1970s gave governments unprecedented authority to create wealth that has no backing by tangible assets.

The fact that global leaders are loathe to yield such significant power is not surprising. It is now clear that, for many, opposition to blockchain assets is rooted in the fact that they now understand just how powerful the technology is. Nevertheless, each passing day yields more evidence that fiat currencies will one day be replaced with this new form of wealth. Thus, rather than seek to criminalize it, these individuals would be better served respecting what it has to offer.

Article Produced By
Trevor Smith

https://www.crypto-news.net/recognizing-blockchains-potential-some-politicians-now-calling-for-crypto-bans/

David https://markethive.com/david-ogden

Nasdaq Partners with CryptoCompare to Offer Institutions Access to Market-leading Cryptocurrency Data

                                

CryptoCompare has announced today the launch of a cryptocurrency pricing product,

the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices, which will be available on the Quandl platform. LONDON, 11th June 2019 – CryptoCompare, the leading provider of cryptocurrency data and indices, and Nasdaq, a leading global provider of trading, clearing, exchange technology, listing, information and public company services, today announced a strategic partnership to launch a cryptocurrency pricing product, the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices. The product will be made available on Quandl, a Nasdaq owned leading-edge data platform and the premier source for financial, economic and alternative datasets.

The new product will enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source. The Nasdaq/CryptoCompare Aggregate Crypto Reference Prices will enhance institutional capabilities in the cryptocurrency markets across trading strategy, quantitative research, risk modelling, NAV calculations, and back-testing. Based on CryptoCompare’s aggregate index datasets, the product will provide minute-by-minute pricing data for the most liquid cryptocurrency markets.

Charles Hayter, Co-Founder and CEO of CryptoCompare, said:

“We are delighted to partner with Nasdaq on a joint Aggregate Crypto Reference Prices product. Reliable data is the bedrock of transparent, liquid markets and by bringing our high quality, granular dataset to a global institutional client base, via the Quandl platform, we will give traders and investors a competitive edge.”

CryptoCompare’s datasets – spanning cryptocurrency trade, order book, historical, social and blockchain data – are the most granular in the industry and include historical data since 2013. The company also offers a family of cryptocurrency indices, white-labelled indices, and bespoke data products. By aggregating and analysing tick data from more than 150 globally recognised exchanges, and regularly reviewing these to ensure data integrity, CryptoCompare provides a unique, reliable and comprehensive overview of the cryptocurrency markets.

About CryptoCompare

CryptoCompare is the leading provider of cryptocurrency data and indices. Institutional and retail investors rely on the company for real-time, high quality data spanning 5,800+ coins and 270,000+ currency pairs globally. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive, granular overview of the cryptocurrency market across trade, order book, historical, social and blockchain data. CryptoCompare is at the forefront of industry efforts to provide definitive datasets that can be relied on to make investment decisions. The company adheres to rigorous standards to safeguard data integrity and promote confidence in the market.

About Quandl

Quandl is the largest provider of alternative data for financial professionals. The company sources, evaluates, and productizes undiscovered data assets, transforming them into quantified, actionable intelligence for select institutional clients. With a customer base that includes the world’s top hedge funds, asset managers and investment banks, Quandl delivers financial, economic and alternative data to over 400,000 analysts worldwide. Quandl was founded in 2012 by Tammer Kamel and Abraham Thomas in part because of their frustrations with the limited data and primitive delivery systems that were available to them. Headquartered in Toronto, Quandl is owned by Nasdaq (Nasdaq: NDAQ), a leading global provider of trading, clearing, exchange technology, listing, information, and public company services.

Article Produced By
BitcoinerX

BitcoinerX is not responsible for the views expressed in this article. Readers are advised to perform their own due diligence before purchasing or investing in any product or service and agree that they carry full responsibility for their decisions. This article is not to be considered investment advice.

https://bitcoinerx.com/press-releases/nasdaq-partners-with-cryptocompare-to-offer-institutions-access-to-market-leading-cryptocurrency-data/

David https://markethive.com/david-ogden

John McAfee Announces a Magical Competition For Crypto Traders

John McAfee, an eccentric crypto fan announced a unique competition for crypto traders and enthusiasts.

The competition is named World Trade Competition and will be held in three stages – weekly competition, quarterfinals, and Word Trade Finals. The competition is organized by collaboration between World Trade Cup and McAfee Magic. According to a recent tweet participants can earn about $100,000 worth Ethereum in prizes. 

This competition will provide an opportunity for traders to showcasing their trading skills, and the most successful ones shall win the competition. And the interesting part is that the best trader in the competition will get a chance to win McAfee, along with his team. Recently,  McAfee launched a cryptocurrency trading platform, named “McAfee magic”. The website is a new, revolutionary, cryptocurrency trading platform allowing users to “trade cryptocurrencies on multiple exchanges within a single dashboard, automatically and manually.”

How to participate in the competition?

Register & Sign Up

Initially you need to register and create an account. Once registration is done, sign up for weekly tournaments on McAfeeMagic.com. However, all tournaments are FREE to enter and you can participate every week until you win becoming a Pro Trader.

Compete to Win Prizes

Participants can compete in a FREE weekly crypto trading competition hosted on the Practice Mode feature of McAfee Magic. All traders compete for 5 days and start with equal funds. Weekly winners can step forward to Quarter Finals where they can have a chance to win the Annual World Trade Cup.

Pro Trader Position 

Only tournament winners are awarded Pro Trading Shadow positions on McAfee Magic. Winning the World Trade Cup Tournament will show the world you are the best crypto trader!

The prize distribution is as follows:

Crypto traders, here’s your chance to show the world you are pro in trading! Enter for free and Win amazing prizes with Magical Opportunities!

Article Produced By
Nidhi Kolhapur

https://coinpedia.org/news/mcafee-magic-world-trade-cup-competition-for-traders/

David https://markethive.com/david-ogden

Binance in Discussions with Facebook Over Libra Coin

Facebook’s Libra Coin

Facebook announced its new cryptocurrency called Libra last week. Rumors about its existence were rife for over a year, however. According to the Whitepaper, the objective of the coin is simple; users can send money via the internet all over the world faster and with lower fees than standard banking. It also aims to incorporate the 1.7 billion people around the world who don’t have a bank account or a line of credit.

Libra differs in several ways to traditional cryptocurrencies. One of the most interesting facts of Facebook’s currency is that it is more “stable” than regular cryptos. Facebook sought to create a coin that could facilitate every-day online consumer transactions and has done this by “backing all its issued digital currency by a reserve.”

>> Koinex Exchange Shuts Down Trading Services in India

According to Digitaltrends: “Founding Members are required to pool money into the reserve, with the prospect of a return on their investment via dividends from low-yield investment of the reserve’s assets.” With Libra coin only announced, it’s official launch is not expected until sometime in the first half of 2020.

Article Produced By
Maria Ohle

https://cryptocurrencynews.com/binance-facebook-discuss-libra-coin/

David https://markethive.com/david-ogden

Dr. Craig S. Wright appears in US federal court, testifies he is Satoshi Nakamoto

Dr. Craig S. Wright, the chief scientist for nChain and the man better known as Satoshi Nakamoto,

was in U.S. federal court in West Palm Beach, Florida, where he’s involved in a lawsuit stemming from the time he worked with Dave Kleiman on what would ultimately become Bitcoin. The lawsuit was filed by Ira Kleiman on behalf of the estate of Dave Kleiman. As Friday’s activities began, the morning deposition was closed to the public, but the court opened its doors in the afternoon for an evidentiary hearing about a discovery dispute about Ira Kleiman’s request that Wright provide a list of “public addresses” for Bitcoin that Wright held as of December 31, 2013.

Wright was more than willing to take the stand in an effort to answer many questions that have stuck with the entire Bitcoin ecosystem over the years. There really was no confusion in the industry on Wright being Satoshi; however, those protesting that he’s not, including groups involved in scams of some sort, were only doing so to confuse mainstream media, governments and the industry as a whole. It was a historic day for Bitcoin. On Friday, Wright asserted, under oath, that he was Satoshi Nakamoto. This didn’t receive any objection from Kleiman’s attorneys, nor were there any objections when Wright acknowledged that he wrote the Bitcoin whitepaper. In fact, in his later cross-examination of Wright, Kleiman’s attorney referred to Wright as inventor of Bitcoin.

In a very emotional part of the testimony, Wright explained that he kept his Satoshi Nakamoto identity under wraps for several reasons, not the least of which was how Bitcoin quickly became used for darknet marketplaces such as Silk Road and Hydra, which enabled selling of addictive hard drugs, child pornography, and other serious illegal activities. This, he asserted, made him ashamed of what he had created, as it wasn’t the reason for which Bitcoin had been intended (it was intended to create an honest money system). He was distraught over this and felt his work had failed, and this also led him to stop being a pastor and attending church. Wright added that he was willing to accept the chance he could never access the Bitcoin he had mined from 2009 to 2010 because spending them would have verified his identity as Satoshi, and also because (at the time) he wanted to disassociate himself from Bitcoin. He went so far as to say that he wanted to destroy the drive that would have allowed him to access the Bitcoin he mined (for his company) between January 2009 and August 2010, but it was Dave Kleiman who convinced him not to do so.

On the stand, Wright continued that the original Bitcoin did not use the concept of public addresses as people perceive them today; instead, it relied on public-private pairs, with the private keys needed to spend the coins. Today, people incorrectly perceive a public address similar to a bank account number, where coin holders accumulate Bitcoin and then spend from that address. The original Bitcoin system created by Wright was never meant to incorporate a system of reusable public addresses where people can see how much Bitcoin is accumulating in a single public address that is re-used; instead, a new key pair (and thus a new address) was intended to be created for every transaction in order to provide users a new privacy model. Wright testified that this is explained in the Bitcoin white paper (section 10, Privacy). 

After Wright withdrew from the Bitcoin project, the public address on the Bitcoin ledger became incorrectly misunderstood and then misused by developers in what would become known as the Bitcoin Core (BTC) project. Thus, at the time Wright was mining Bitcoin for his company in 2009 and 2010 and under Wright’s original Bitcoin design, there was no need to keep the public addresses as people understand them now; instead, at the time, the seed or private keys were all that would be needed or stored.

Wright was requested to provide the public Bitcoin addresses that reportedly hold a significant amount of assets—possibly reaching into the billions of dollars. He testified in court that he’s more than willing to turn over the information if he could, but that the information necessary to generate the list of public addresses is locked in an encrypted file, with multiple keys protecting different layers of the file. At earliest, the first layers of the encrypted file cannot be opened until at least January 2020. Wright explained that the encrypted file contains the relevant seed and his proprietary algorithm that can generate the private keys for Bitcoin mined by his company in 2009 and 2010, which would allow him to generate the associated public keys and public addresses that most crypto fans are used to seeing today.

If he’s able to gain access to the private keys and, subsequently, the Bitcoin controlled by such private keys, Wright does not himself want it. The beneficiaries of the trust are his family members (wife and children). He said under oath that he and his wife have agreed to donate the vast majority of the money to charity, including to a program to provide education to the poorest 1 billion people in the world, as part of his efforts to remedy the wrongs committed by darknet marketplaces that misused the Bitcoin system he invented.

Kleiman’s lawyer cross-examined Wright at length, focusing on supposed inconsistencies in documents related to the legal trusts formed by Wright to protect assets. Wright explained a number of times that his company servers had been hacked or compromised by former staff who sought to force his Australian companies into liquidation.

Wright concluded his testimony yesterday, but there is still a lot left to cover in the case. The evidentiary hearing on the discovery issue is expected to resume again, but not until August. This is only to decide a limited issue in the case (whether Wright can or cannot provide the list of public addresses requested by Kleiman). The full issues in the case will not be decided until other proceedings, and ultimately trial in March 2020.

Article Produced By
Erik Gibbs

https://coingeek.com/dr-craig-s-wright-appears-in-us-federal-court-testifies-he-is-satoshi-nakamoto/

David https://markethive.com/david-ogden