Bitcoin 

Genesis Capital Crypto Lending Firm Reports $870M in New Originations in Q3

The institutional digital asset lending firm Genesis Capital released its Q3 report, which shows a growing demand for cash and stablecoin lending. On Oct. 30, Genesis Capital, a spin-off of over-the-counter cryptocurrency broker Genesis Global Trading, reported that the crypto lending firm saw a sustained growth in the lending business in the third quarter of 2019, where they added $870 million in new originations, breaking the previous record of $746 million set in Q2 2019. Cash and stablecoin loans are in demand The official report noted that at the end…

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Bitcoin 

Global Wash Trading on Crypto Markets Down by Over 35%, BTI Reports

Global wash trading on cryptocurrency markets was down by over 35% in September, according to the latest surveillance report from the Blockchain Transparency Institute (BTI). Kraken, Poloniex, Coinbase and Upbit are still the “cleanest” platforms Per the report, global wash trading was reduced by 35.7% among the exchanges on the Institute’s top-40 listings. BTI’s data indicates that the “cleanest” platforms continue to be Kraken, Poloniex, Coinbase and Upbit. At the other extreme, OKEx and Bibox appear to have the highest percentage of wash trading among the top 40. While the…

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Cryptocurrency 

Fake Volume Reports Are Useful for Crypto Industry to Move Forward

The CEO of cryptocurrency exchange Binance, Changpeng Zhao, said in an interview with Cointelegraph on March 27 that recent reports on fake trading volumes are useful for the crypto industry. CT speaks with Binance and The Tie about fake trade volume reports. Source: Cointelegraph Zhao, known in the industry as CZ, said that the reports — most recently from Bitwise Asset Management and The Tie — on exchanges widely faking volumes will end up making the whole industry more transparent. He also stressed that the story has nothing to do…

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Cryptocurrency 

Monero Reports on Resolving Fake XMR Minting Bugs a Month After Fix

Cryptocurrency is so far on the cutting edge that it almost defines it, yet some are finding out the hard way that it’s even sharper than anticipated. The frightening reveal of nine security bugs through HackerOne internet security platform that had affected Monero (XMR) in recent months — ranging from the insignificant and solved to the malicious and live — was a big wake-up call for blockchain enthusiasts. Five of these vulnerabilities constituted a dire DDoS risk (one of that was labeled critica)l, but eight of the bugs are now fixed,…

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Cryptocurrency 

Crypto Markets Continue Trading in Red, Oil Reports Losses

Thursday, July 11 — major cryptocurrency markets are trading in the red zone, with just a few coins reporting moderate gains, according to Coin360. Market visualization courtesy of Coin360 The leading cryptocurrency Bitcoin (BTC) has continued coming down after yesterday;s sharp drop to trade at around $11,740 as of press time. The coin has lost 4.39% over the past 24 hours. During the day, Bitcoin has been trading in a narrow corridor between $12,191 and $11,377. As reported earlier today, Bitcoin trading in Zimbabwe has continued to surge after the government…

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Ethereum 

Bitcoin Mining Profits Skyrocketed 24% Last Month, Argo Blockchain Reports

United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2.  Argo, which previously said it had benefited from the upturn in bitcoin prices, said revenues would continue to improve over previous estimates.  “The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019,” the report confirmed.  “This is an increase of approximately 101% from the Company’s May mining results…

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Bitcoin 

Facebook Stablecoin Aims to Conquer Online Payments Market, Reports Suggest

Facebook’s potential expansion into crypto has been widely discussed in the past few months. Although the social media giant has not confirmed anything beyond having a blockchain department, new details about its digital token project continue to surface. Most recently, the Wall Street Journal (WSJ) reported that Facebook is talking to major payment networks Visa and MasterCard to raise a $1 billion for its crypto project, which reportedly entails a stablecoin along with a crypto-powered online payments system. Brief history of Facebook’s secretive crypto project Facebook has been rumored to…

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