Bitcoin Remains Stuck Within Key Trading Range; Levels to Watch For

The price action seen by Bitcoin throughout the past couple of days and weeks has been rather boring, with the benchmark cryptocurrency caught within a firm bout of sideways trading that has offered little insight into its mid-term outlook. Bulls were able to defend against a break below a crucial level yesterday, with the recent dip below $10,200 being met with serious buying pressure that ultimately led its price to rally back up towards the upper-$10,000 region. After facing some intense selling pressure at $10,800, BTC has been caught within…

Data Reveals Trading Volume on Tron’s DEX JustSwap Inflated by Millions

Key Takeaways An unverified token on JustSwap accounted for $364 million in trade, or 91% of the DEX’s total volume. If a token is unverified by CoinGecko, there is negligible demand for that token to be listed and organic volumes of $360 million are unlikely. These tactics are a ploy to bring in more speculators and boost JustSwap’s user numbers. Share this article JustSwap, a Uniswap clone, recorded over $360 million of trading volume in an unknown token, raising suspicion that the exchange is rife with wash trading. This comes…

SEC halts trading for blockchain company run by former Ron Paul staffer

The United State’s securities watchdog has placed a temporary trading suspension on the stock of Vortex Blockchain Technologies until October 6. The Securities and Exchange Commission (SEC) cited confusion over the nature of Vortex’s business operations and the value of their assets as the reason behind the temporary suspension. Vortex Blockchain Technologies Inc, formerly UA Granite Corporation, has been developing a variety of applications in the cryptocurrency space. Its activities reportedly include cloud mining, blockchain hardware and software development, and a cryptocurrency wallet and exchange. The company, which has not…

Huobi crypto exchange launches trading app in Russia

Major cryptocurrency exchange Huobi Global is expanding in Russia by rolling out its native mobile app in the country. Users in Russia can now access Huobi’s spot market and trade major cryptocurrencies like Bitcoin (BTC) through its mobile app, the firm announced on Sept. 23. By introducing the app in Russia, Huobi wants to further expand in one of its most important markets. Russian users account for as much as 10% of Huobi’s total spot trading volume, an exchange representative told Cointelegraph. Ciara Sun, vice president of global markets at…

Robinhood cashes in on lockdown trading surge with $660M Series G funding

Retail traders have been flocking to trade stocks and cryptocurrencies on the popular app Robinhood — and it shows in the company’s latest Series G funding round. On Sept. 23, a spokeswoman for Robinhood Markets Inc. disclosed that the fintech has increased its latest funding round to $660 million, at a company valuation of $11.7 billion. The fresh funding is an extension of a Series G round first announced in August, when D1 Capital Partners invested $200 million in Robinhood. New and stalwart investors in the app have reportedly been…

Venezuelans are running out of crypto P2P trading options

Due to the regulations and sanctions related to the U.S. Office of Foreign Assets Control, or OFAC, Paxful announced that they will no longer provide services in Venezuela, according to an announcement on September 14. In a statement sent to Cointelegraph, Paxful’s CEO, Ray Youssef, commented that they’ve tried for several months to find a way to maintain their operations in Venezuela, but “with current risks, we had no choice but to make this incredibly difficult decision.”  Ray also told Cointelegraph how the wind down of his company’s services will…

‘My heart is crypto’ — Dave Portnoy says he’s back into Bitcoin trading

Dave Portnoy, the founder of Barstool Sports, is coming back to Bitcoin (BTC) after abruptly abandoning trading digital currencies when his Chainlink (LINK) investment went belly up. In a recent video, Portnoy said his “heart is crypto” and would make a return to the cryptocurrency market soon. The internet personality, who became a popular day trader after the coronavirus pandemic, entered the Bitcoin market on Aug. 14 after meeting with avid billionaire Bitcoin investors Cameron and Tyler Winklevoss. After receiving a quick refresher on what crypto is and how to…

What are social trading and copy trading?

Social trading can be described as those activities that engage or facilitate interactions among traders to strengthen the crypto community. On the other hand, copy trading is an element of social trading that allows users to mimic the trading patterns of other traders, in particular, experienced or professional traders. As industry players and professionals in the cryptocurrency and blockchain space, it’s helpful to understand why these terms are different and how they are similar. Not only will we better understand these concepts but it also makes it easier when explaining…

Serum Enlists Expert Market Maker Jump Trading for DEX Liquidity

Share this article FTX’s new non-custodial crypto exchange, Serum, mobilized Jump Trading to provide liquidity on the exchange. This move ensures Serum has the liquidity to scale adoption to a wider audience. Market Making Giants on Serum The chances of Serum’s success, a DEX on Solana, are improving by the day. In the latest, he nascent crypto exchange roped in one of the top market makers in crypto. Jump Trading, a 20-year-old trading firm, has invested in Serum and will help make markets on the emerging DEX. 12) I’m excited…

Europe’s Revolut app now offers crypto trading for Aussie users

After opening its doors to Australians last month, one of the largest brokerage firms in Europe is now offering crypto trading services. U.K.-based money app Revolut announced on Sept. 3 that its tens of thousands of Australian customers are now able to buy, sell, and hold crypto assets. Users can convert their fiat into Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP, and Stellar (XLM). Revolut stated that its ‘Metal plan’ customers could now transfer digital assets to other users, as well as exercise the option to round…