Ripple’s XRP sees explosive 1,151% trading volume spike in November

Month-over-month, XRP saw a 1,151% surge in trading activity in November on the eToro investment trading platform, according to the company’s latest report. This comes as XRP price rallied to $0.92 on Coinbase at its monthly peak and closing the month with a 283% gain at around $0.61. Top 10 traded cryptoassets Source: eToro  Spike in retail interest, trading activity Bitcoin (BTC) was nearing $19,000 for the first time since December 2017 when large market cap altcoins like XRP started to surge in November. XRP/USD daily chart (Coinbase). Source: TradingView.com The…

Cambridge and Oxford teams compete in algorithmic crypto trading contest

More than one dozen teams representing the mathematics and computer science departments of Oxford and Cambridge universities are competing to build crypto trading algorithms on major exchanges Coinbase Pro and FTX. According to a Nov. 25 announcement, the 15 teams will be assessed on their trading strategies, the technical design of their algorithms, and their overall return-on-investment. The competition launched on Nov. 16 and will run until Dec. 16. The strategies employed include arbitrage, predictions based on machine learning and neural networks, and trend investing based on time-sequence forecasting. APEX:E3…

PayPal suspends user for crypto trading using PayPal’s own service

A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform. According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.” The user said they had made at least 10 crypto transactions within a week, purchasing during dips and selling when the price was high, and PayPal had asked for an explanation for each transaction. “The system flagged my account thinking I was selling items worth $10,000 in one week…

Colombian Stock Exchange to use blockchain for OTC derivatives trading

The Colombian Stock Exchange announced it is joining the Consorcio Colibrí, a private initiative that promotes the adoption of blockchain technology within the finance industry. As Cointelegraph Español reported on Nov. 18, Consorcio Colibrí was formed by major financial institutions such as Bancolombia, BBVA, Santander Caceis Colombia, Deceval, Contrato Marco, Porvenir and Skandia, among others. Via a partnership with member firm Contrato Marco, the CSE will use the Colibrí platform’s blockchain tech to improve operational efficiency in the over-the-counter derivatives market, which is currently time-consuming, expensive and difficult to reconcile…

Coinbase Ends Margin Trading In Response to CFTC Regulations

Key Takeaways Coinbase Pro is shutting down its margin trading features. However, it may reintroduce margin trading if it is able to cooperate with regulators and work within regulations. General Coinbase users will not be affected by this decision. Share this article Coinbase Pro has decided to discontinue its margin trading services, according to a post on the company’s blog. Margin Trading Ends Wednesday According to the announcement, customers will not be able to place margin trades after 2 p.m. PST on Wednesday, Nov. 25. The service will be disabled…

Binance trading volume tops all-time high with $37B in a day

With Bitcoin within $1,000 of its all-time high price of $19,891 set in December 2017, trading on major crypto exchange Binance is also hitting new heights with more than $37 billion in volume in the last 24 hours. According to data from CoinMarketCap, the daily trading volume of Binance has now hit $37,291,444,117 which is up 40.5% in the last 24 hours. Last week, the analytics site reported $25 billion in trading volume for Binance. In addition, Bitcoin (BTC) futures open interest on Binance hit an all-time high of $1.17…

Coinbase Pro will disable margin trading starting tomorrow

U.S. crypto exchange Coinbase Pro announced today that customers would not be able to use margin trading on the platform beginning on Wednesday. According to the Coinbase blog, Chief Legal Officer Paul Grewal said that no new margin trades would be allowed starting on Nov. 25 at 2:00 PST. The exchange stated that it would take the product offline in December “once all existing margin positions have expired.” “We believe clear, common sense regulations for margin lending products are needed to protect and provide peace of mind to U.S customers,”…

Simple steps to get started trading Bitcoin

As Bitcoin (BTC) keeps gaining momentum, the fear of missing out on investing in the world’s largest cryptocurrency is growing each day. On Nov. 18, Bitcoin (BTC) broke a $18,000 price mark for the first time since December 2017, less than a 10% away from its all-time high price of $20,000. As some analysts believe that an upcoming $20,000 threshold is not the end but the start of Bitcoin’s upcoming explosion to a $1 trillion asset, it may still not be too late to get into Bitcoin. Bitcoin’s supply is…

Russia’s Gazprombank debuts Bitcoin trading in Switzerland

Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators. According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech firm Avaloq and crypto custody provider Metaco. Gazprombank Switzerland CEO Roman Abdulin said that the new service intends to make crypto transactions “as easy as transactions with traditional assets,” stating: “Digital assets will become increasingly important for our clients and the global economy. We…

Uniswap Frontend Crashes but Ethereum Keeps Trading

Key Takeaways Uniswap, a popular decentralized exchange running on Ethereum, suffered an outage due to problems with Cloudflare. The team behind the protocol announced the issue late last night, advising Uniswap users to access the protocol via a number of other avenues. The incident follows a major issue with Ethereum’s service provider Infura, further underlining the importance of true decentralization. Share this article Uniswap’s app interface suffered a temporary outage last night. Announcing the incident via Twitter, the team behind the protocol pointed to its Internet service provider Cloudflare as…