Weekend Reads | Investor: Bitcoin could be benefiting from the economic crises around the world | Unlawful practices hit top cryptocurrency exchanges, including Binance
|CryptoSlate||Jun 9, 2019|| 4|
Bitcoin has been on a 174 days bull rally since the low of Dec. 15, 2018, when it was trading at $3,150, which has seen its price surge 188 percent reaching $9,070 on May 30.
The most recent market surveillance report from the Blockchain Transparency Institute claims that Binance, the world’s biggest cryptocurrency exchange by trading volume, shows signs of wash trading.
The recent spike in bitcoin prices and the skyrocketing number of daily outputs has had a direct impact on the transaction fees and the congestion of the mempool.
The Siam Commercial Bank (SCB), the largest commercial bank in Thailand, retracted a statement about using Ripple’s XRP token. The bank quickly issued a correction saying it had no plans on using XRP “as of now.”
Jay Clayton, chairman of the SEC, spoke about the Commission’s take on the cryptocurrency industry. In an interview with CNBC, Clayton said that unlike the crypto market there are “sophisticated” rules in place to prevent the stock market from being manipulated.
Featured blockchain companies
Thanks to the following companies for their support:
🌊 Seattle Devcon Blockchain - June 28-30 in Bellevue, WA U.S. - Join us at this accessible and inclusive event for blockchain beginners and advanced level topics.
🚀 OpenCrowd - a design and technology firm creating custom blockchain business solutions for global clients and early startups
⚡️ Blockstation - a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges.
Want to be featured here? Contact us to learn more.
Crypto market data
For more pertinent market data, please see:
⚡️ CryptoSlate Research
CryptoSlate Research is an an exclusive, premium newsletter that delivers thoroughly researched, long-form analysis from cryptocurrency and blockchain experts. When you are a Research subscriber, you will gain access to members-only posts such as:
Connect with us
🔥 Interested in sponsoring this newsletter? Contact us.
Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.