Coinbit and GDAC are two newly created exchanges that were launched this summer in South Korea. Following the latest trends, both platforms have their own tokens and employ a trans-fee mining model for incentivizing its users to spend more time trading on their platforms. Since GDAC’s trade fees are 0% the exchange redistributes its tokens
The Issue of Fake Trade Volume Trading volume is an important factor when choosing an exchange. However, when it’s falsified, the illusion of market demand is created to attract more users. We’ve already explained why fake trading volume slows the development of crypto, but repetition is the mother of learning: fake volumes make traders overvalue
BitLicense and its requirements A BitLicense regulates businesses operating with digital currencies, such as virtual currency control, administration, maintenance, storing, holding, issuing, exchange operations, related-software development, etc. Following the collapse of Mt.Gox in 2013, New York State created the BitLicense to protect consumers and the integrity of the financial industry in general (don’t forget that
Why? The need for cold & hot storage as a metric for ranking exchanges Today crypto exchanges are ranked according to their trading volume almost everywhere. The metric could be credible. BUT! You all know that exchanges manipulate their trading volume. Moreover, most exchanges operate as a closed structure not providing information necessary for traders
Implications of KYC/AML in classical finance Because KYC conformity is important in ensuring that banking institutions are not defrauded or victims of other financial crimes such as money laundering or organized crime, KYC procedures are critical elements in the effective management of banking risks. In 2016 Thomson Reuters surveyed nearly 800 financial institutions about the
As you may already know the Crypto Exchange Ranks‘ was launched at the end of June this year and for the last five months has been shared throughout the crypto industry. Changpeng Zhao, CEO of Binance, Bitcoin.com, Forbes, Bloomberg, and CoinDesk have all approved and supported our aspirations to make the cryptocurrency ecosystem a more
CER Fake Volume and Trans Mining Research Presentation The roundtable began with the research introduced by Dmytro Budorin, the CEO of Hacken, and Serhii Dovhopolyi, the Head of CER, into the fake trade volume on cryptocurrency exchange called Bitforex, as well as on the most popular exchanges applying the trans-mining fee rewarding algorithm. Serhii Dovgopolyi
What is ZBG? ZBG.com is a side project of ZB.com official team. It has its native token ZT and employs a trans-fee mining model. Here is the official statement of the ZB team regarding the launch of the ZBG exchange: “During five years of development, the ZB team has grown as a strong and energetic
Who’s Going to Participate? Members of the roundtable are going to include the following crypto exchanges: Bexam, EXMO, BTC Alpha, Kuna, CEX.io, and Crystal. Moreover, the roundtable will be joined by cybersecurity specialists and other market participants. The panel will be moderated by the CEO and Co-founder of Hacken, Dmytro Budorin. What Are The Main
