Many are speculating the ban is because the user might have used a “mixer service”.
In a separate report, blockchain analytics company Chainalysis said $4 billion in bitcoin was sent through payment processors in 2019. Ether and the other cryptos only make up a small percentage of the transactions.
Besides BAKKT, Binance said its OTC desk has seen more sell flows than buys. Traders have moved out of their altcoin positions and even BTC positions when BTC prices were around $10,000.
One factor of market manipulation is information asymmetric where one party has better information than the other party.
As the Bitcoin price reaches its lowest point in the last 3 months, it will be interesting to see how BAKKT and institutional investors will affect the cryptocurrency market.
Initial exchange offering (IEO) is one of the several capital-formation tools currently being explored by Coinbase.
Recently, the global exchange has announced that it is listing Hedera Hashgraph in the spot market on 17th of September 2019, highlighting its impressive ability to choose great projects and the fast development of its spot market offerings.
The blockchain phone from PundiX, in the works for a year now, is ready for market launch.
After the success of its Jumpstart platform, leading cryptocurrency exchange OKEx is gearing up for more initial exchange offerings and is now announcing improvements for its token rules, to take into effect on the 9th token sale.
A new study by investment platform eToro reveals 40% of millennials prefer to invest in cryptocurrency during a recession.