Following controversy about fake volumes on CoinMarketCap, the service will require exchanges to provide mandatory API data. Crypto market cap tracker CoinMarketCap (CMC) will remove exchanges from its calculations if they fail to provide mandatory data by June, the firm wrote in its sixth anniversary blog post on May 1. CoinMarketCap, a major source of […]
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On-chain transaction volumes set a 14-month high in April, while Q2 2019 looks set to buck a longer downward trend. On-chain transactions on the bitcoin (BTC) network hit fresh highs not seen since 2017 in April, industry newsletter Diar noted on April 30, quoting blockchain data provider TokenAnalyst. Continuing a trend that had already started […]
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Amazon Web Services has made its Amazon Managed Blockchain generally available. Amazon Web Services (AWS), the cloud computing platform subsidiary of retail giant Amazon, has made its Amazon Managed Blockchain (AMB) generally available, according to an announcement on April 30. The product will purportedly allow customers to set up blockchain networks within their organizations, and […]
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All but one top 20 coins by market cap are in green, with litecoin seeing the biggest gains of around 7%. Tuesday, April 30 — following another decline yesterday, crypto markets again reversed to gain momentum upwards, with all but one top 20 coins by market cap in the green. Having skyrocketed more than 18% […]
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The news follows removal of suggestions Tether had full fiat backing, while a fresh legal case rumbles on. The company behind USD stablecoin Tether (USDT) only has enough cash to back three-quarters of its increasing supply, its lawyers confirmed in documents released on April 30. As part of an ongoing legal process involving the New […]
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Volatility in crypto prices have been regarded as a big hurdle for mainstream adoption. Stablecoins could be a way of eliminating such erratic fluctuations. Can stablecoins achieve true decentralization? Certain providers believe they have struck a compromise. Some stablecoin advocates are concerned that pegging a cryptocurrency directly to the U.S. dollar means that it must […]
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Dave Ramsden said that crypto assets are too volatile to be a store of value. Dave Ramsden, deputy governor of the United Kingdom’s central bank, has said that crypto assets are too volatile to be a store of value. Ramsden made his comments in an interview with CNBC published on April 30. Bank of England […]
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Following media reports in late April, Chicago-based cryptocurrency exchange ErisX has launched spot trading. Chicago-based crypto exchange ErisX has officially announced the public launch of its spot market, the firm tweeted on April 30. The ErisX spot exchange is the first part of the company’s development of a single platform that will represent both a […]
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Plans to extract data from exchanges will enable authorities to audit traders themselves, should questions arise over tax payments. Australia’s tax agency, the Australian Tax Office (ATO), will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme, officials confirmed in a statement on April 30. The ATO, […]
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Founded in 2018 by Ben Schiller, Breakermag will reportedly cease operation due to the lack of a feasible business plan. Breaker Magazine (Breakermag), an American online crypto publication, is reportedly shutting down, industry news outlet The Block reported on April 29. Launched in July 2018, the publication will reportedly cease operations due to the lack […]
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