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Stablecoins and payment processors to take crypto mainstream

If we are going to take cryptocurrency mainstream then it’s time to start using stablecoins and payment processors. The biggest barrier to cryptocurrency adoption right now is the extreme price volatility because if you work hard for your money, and mo…

If we are going to take cryptocurrency mainstream then it’s time to start using stablecoins and payment processors. The biggest barrier to cryptocurrency adoption right now is the extreme price volatility because if you work hard for your money, and most of us do, then the idea of losing 20 percent of its value overnight just doesn’t inspire confidence.

Goldman Sachs Bitcoin Endorsement Leads Institutional Investor Cryptocurrency Push – Forbes

ForbesGoldman Sachs Bitcoin Endorsement Leads Institutional Investor Cryptocurrency PushForbesThe wall street titan is now all in when it comes to allowing clients to trade Bitcoin futures via one of its New York desks. Goldman Sachs becomes the first …


Forbes

Goldman Sachs Bitcoin Endorsement Leads Institutional Investor Cryptocurrency Push
Forbes
The wall street titan is now all in when it comes to allowing clients to trade Bitcoin futures via one of its New York desks. Goldman Sachs becomes the first regulated financial institution to offer such a service. Part of the reason the firm decided

and more »

China to Rate Ripple and 24 Other Coins: Ripple (XRP) Technical Analysis

Like the rest of the markets, Ripple is down 20 percent in the last seven days effectively reversing previous gains. However, it remains perched at position three in the liquidity list. Even though the future prospects of this coin is wonderful, short term selling with targets at 45 cents can be a good trading strategy.

The post China to Rate Ripple and 24 Other Coins: Ripple (XRP) Technical Analysis appeared first on NewsBTC.

Like the rest of the markets, Ripple is down 20 percent in the last seven days effectively reversing previous gains. However, it remains perched at position three in the liquidity list. Even though the future prospects of this coin is wonderful, short term selling with targets at 45 cents can be a good trading strategy.

From the News

Winter is coming for cryptocurrencies in general. Facebook is all about being social and according to reports we are all receiving, they are planning to launch their own cryptocurrencies in a bid to improve lives even in the remotest part of the world. In their master plan, a cross border system that builds on the power of Marcus lead blockchain Research wing of Facebook shall surely eliminate the sufferings of the Diaspora. Now, if every one of their 1 billion users decides to utilize the coin once it goes live, we expect an immediate lift off and of course a shift of capital to Facebook coin.

Even if that’s the future, Ripple is already hard on work and demonstrating how useful their technology is. There are plans of Cobalt and while Codius is now live-minus concrete development at GitHub-we can shift our attention to xRapid and xVia. Both are novel technologies that aid in rapid cross border payment as we saw last week. Then it was shown that by using xRapid, payment providers can save up-to 70 percent in costs. That is besides the time benefit that the end user gets to enjoy.

While we dip in to a freeze, China, known for their shifting stands on cryptocurrencies and especially Bitcoin, are now the official rating “company”. Yes, we have Weiss Ratings but China snatching this role through their department, the China Electronic Information Industry Development (CCID). Consequently, they shall publish a report in the next couple of days and if Ripple would react or not, the charts would show us.

Ripple (XRPUSD) Technical Analysis

Weekly Chart

Technically, week ending April 22 still defines the current prices. There after we have a month’s long period of accumulation all happening with a stochastic buy signal in this time frame. While statistics indicates that Ripple is down 20 percent in the last seven days, we shall hang on to a long term bullish skew but short in the lower time frames.

I expect bears to build on to that bearish engulfing pattern at around $1. Because of this predisposition, immediate targets would be at 45 cents. This way, price action would be actively trying to correct that over-valuation on January 2018. That’s besides towing with the general bearish sentiment in the monthly chart.

Daily Chart

There is a little bit of under-valuation in the daily chart following May 12 close below the lower BB. The thing, prices are somehow over-extended after dipping 30 cents right from our resistance line at $1. We are net bearish but temporarily, prices might recover and test 85 cents in the coming days.

If not, any break below 60 cents would be inviting for seller meaning a bear candlestick would print. This way, we shall have bear candlesticks aligning along the lower BB signaling strong bear momentum. And anyway, despite the under-valuation, stochastics are bearish and diverging.

The post China to Rate Ripple and 24 Other Coins: Ripple (XRP) Technical Analysis appeared first on NewsBTC.

IOTA, Stellar Lumens, Tron, Litecoin, EOS Technical Analysis

There are some pretty nice developments in the markets that we should remain positive despite the down trend. As it is-and playing by the technical development-we expect prices to bounce back with Litecoin and IOTA probably spearheading that recovery. It’s obvious that prices are building on May 12 gains and that should continue today maybe

The post IOTA, Stellar Lumens, Tron, Litecoin, EOS Technical Analysis appeared first on NewsBTC.

There are some pretty nice developments in the markets that we should remain positive despite the down trend. As it is-and playing by the technical development-we expect prices to bounce back with Litecoin and IOTA probably spearheading that recovery. It’s obvious that prices are building on May 12 gains and that should continue today maybe until prices test key resistance lines.

Let look at these charts:

EOSUSD (EOS)

It’s a direct endorsement guys, CNBC just said investors should buy EOS. It may seem ridiculous now that investors and or traders alike are being told to buy in a dipping market but still, they are right. Considering Dan Larimer positive vibes and the EOSIO vibrant community, EOS might, could, explode before May 31.

It even gets better if EOS get listed at Fortuna, a blockchain platform for the $500 trillion derivatives market. Voting is ongoing so supporters should vote for it as it shall place EOS at a better position for institutional funds injection. Of course, that is what everyone wants but from last week’s market cap erosion, odds are bears might follow through and test May 12 lows at 12.

At-least the week ended positively for EOS as buyers managed to tame that incessant bear pressure. However, that would not stop investors from scooping this coin at a discount so our previous EOS projection holds true until maybe we have a strong retest at $12. Thereafter, buyers can begin searching for longs in lower time frames and aiming for $18 and $22.

LTCUSD (Litecoin)

If the gods are with Litecoin and it finds favor from the new Chinese cryptocurrency ratings department, the CCID, then we might see a reversal of this 18 percent loss of market cap. That and news Abra’s update enabling Litecoin deposit, withdrawal and USD fiat wire transfer could possibly help boost Litecoin prices.

Now, if you don’t want to store your Litecoin at an exchange or wallet, you can now loan them to GMO, a subsidiary of the Japanese GMO Internet, and earn interest from them. Holding period is 150 days and earnings are subject to tax.

Price wise, Litecoin might bounce back above $180. The reason is pretty simple. Last week’s drop was supported by low volumes that the previous hike meaning if we go by the daily chart and buy, we might as well scalp a profit. Because of this, Litecoin might recover today and thus buying Litecoin with targets at $180 is my proposal.

XLMUSD (Stellar Lumens)

Undoubtedly, Stellar Lumens is a good remittance solution running on blockchain that normal people anywhere in the world can utilize. Fees are low and transactions speed, it can scale and better still is well distributed. So, will that mid range bounce continue today? Notice that it is a double bar reversal pattern accompanied by high volumes and higher highs meaning prices is finding support.

Considering technical formations in the daily chart, I recommend longs with targets at 50 cents. Because this is a trend reversal happening within a dipping market, stops should be at May 12 lows of 28 cents.

TRXUSD (Tron)

Tron vs. Ethereum, that’s a battle of dominance now that we have a TVM version 0.1. The Tron Virtual Machine (TVM) is compatible with Ethereum’s virtual machine meaning migration is possible for Ethereum DApp developers.

What we are seeing now is some sort of short covering with prices reversing with no strong volumes. Notice that after May 12 support, Tron prices are bouncing back with really low volumes. There is a stochastic sell signal yes but I will remain neutral for today. Should prices reverse back gains, then I recommend sells with targets at 6.5 cents.

IOTUSD (IOTA)

After Andrew, Michel Nilles, the Chief Digital Officer of Schindler will be joining the IOTA Foundation on an advisory role.

On the chart, IOTA is reacting positively to price action and volume injection. With a break below accumulation in the 4HR chart and higher highs in the daily chart complete with a stochastic buy signal in the weekly chart, IOTA might bounce higher today. As such, aggressive traders can take longs today with stops at May 12 lows of $1.5. Conservative traders on the other hand better take longs only when buyers are trading above $2.2 or the middle BB.

The post IOTA, Stellar Lumens, Tron, Litecoin, EOS Technical Analysis appeared first on NewsBTC.

Report: Wealthy Hoarding $10 Billion in Bitcoin Underground – Crowdfund Insider


Crowdfund Insider

Report: Wealthy Hoarding $10 Billion in Bitcoin Underground
Crowdfund Insider
Xapo, the “Fort Knox of Bitcoin,” has raised $40 million from big name VC’s like Benchmark, Greylock Partners, Index Ventures, Fortress Investment Group, and more. Lawrence Summers, a former Secretary of the Treasury is listed as an advisor. Xapo


Crowdfund Insider

Report: Wealthy Hoarding $10 Billion in Bitcoin Underground
Crowdfund Insider
Xapo, the “Fort Knox of Bitcoin,” has raised $40 million from big name VC's like Benchmark, Greylock Partners, Index Ventures, Fortress Investment Group, and more. Lawrence Summers, a former Secretary of the Treasury is listed as an advisor. Xapo ...

PR: Bitcoin News Outlet Coinidol.com Opens the Doors to its Expert Members Club

Bitcoin Press Release: World Blockchain news outlet Coinidol.com has announced the launch of the “Coinidol Expert Club”, a platform for new names in the industry and well-known experts alike. May 9th, 2018, Cyprus, Larnaca – Coinidol.com is been a world leader in delivering blockchain, Bitcoin and fintech news. Now, the magazine that receives nearly a …

The post PR: Bitcoin News Outlet Coinidol.com Opens the Doors to its Expert Members Club appeared first on BitcoinNews.com.

Bitcoin Press Release: World Blockchain news outlet Coinidol.com has announced the launch of the “Coinidol Expert Club”, a platform for new names in the industry and well-known experts alike.

May 9th, 2018, Cyprus, Larnaca – Coinidol.com is been a world leader in delivering blockchain, Bitcoin and fintech news. Now, the magazine that receives nearly a quarter of a million views a month, is opening up an exclusive members club.

Be Part of the Industry Red Carpet

The magazine is known for quoting the most prominent members of the industry. Smaller players historically haven’t had the chance to share their expertise, and Coinidol is now offering a rare opportunity for them to become a quoted source, and rise up amongst some of the most valued figures we hear from every week.

The club is a competition of minds and ideas – being in the club doesn’t immediately mean that any and every idea or quote provided will make it to the page and the editors at CoinIdol will check and approve only the best. There is a strict code of ethics that members must adhere to; any promotional wording in quotes will be deleted and membership will be then refused for anyone who violates the rules. Coinidol’s CEO, George Gor, values reputation and trust over money:

“We keep our ethics. That’s why we do not change anything in our official editorial policy. We refuse publication of any advertising inside editorial articles. If you want to publish any advertising, the only way to do that is to order an official sponsored article, marked with the disclaimer “paid advertising”.

Should an experts’ club member have their quote approved and published by the Coinidol editor:

“…it is signed by a list of regalia, including personal name, personal photo, brand name, brand logo, brand website URL, special presentation of competencies of the expert with proofs.”

Exclusive Privileges

Being part of the Coinidol experts members club is a one-time-payment privilege, would-be experts aren’t just accepted to into the club because they have money; to fight scammers and keep the calibre of quotes used high, applicants will need to chat with the editorial team and present themselves as potential members.

Once in the club, new experts will have the chance to display their competencies and can feature on up to ten articles per months with their quotes. The names of experts in the club and that enter the club will have nearly a quarter of a million eyes a month, from 174 countries from around their world on their quotes; the best of which will be quoted by authors of editorial pieces on Coinidol.

Membership can be purchased from any Bitcoin PR Buzz Account Manager, by emailing [email protected].

Visit the CoinIdol Official Site – https://coinidol.com/
Follow on Twitter – https://twitter.com/coinidol
Follow on Google+ – https://plus.google.com/107941424803462384600
Like on Facebook – https://www.facebook.com/CoinIdol/

Media Contact
Contact Name: Nina Lyon
Contact Email: [email protected]

Coinidol is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 4 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

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The post PR: Bitcoin News Outlet Coinidol.com Opens the Doors to its Expert Members Club appeared first on BitcoinNews.com.

Bitcoin Hype Aside, Blockchain For The ‘Public Good’ Comes To The Rescue – Forbes


Forbes

Bitcoin Hype Aside, Blockchain For The ‘Public Good’ Comes To The Rescue
Forbes
Now this could be viewed as quite unfortunate when considering that the security, transparency and immutability that blockchain technology provides makes it a prime tool for such efforts. While Bitcoin was conceived in reaction to the financial crisis


Forbes

Bitcoin Hype Aside, Blockchain For The 'Public Good' Comes To The Rescue
Forbes
Now this could be viewed as quite unfortunate when considering that the security, transparency and immutability that blockchain technology provides makes it a prime tool for such efforts. While Bitcoin was conceived in reaction to the financial crisis ...

What Is Digi-ID?

TheMerkle_DigibyteDigibyte’s developers have been working diligently on their Digi-ID solution for some time now. With this functionality finally being rolled out in an official capacity, the community seems rather excited about what the future holds. Now is a good time to recap what Digi-ID is exactly and how it may make an impact. The Concept Behind Digi-ID As the name somewhat suggests, Digi-ID is a digital identification protocol allowing users to access their accounts on various platforms through one single authentication method. The code was developed in such a way that it can be embedded on a website with relative ease,

TheMerkle_Digibyte

Digibyte’s developers have been working diligently on their Digi-ID solution for some time now. With this functionality finally being rolled out in an official capacity, the community seems rather excited about what the future holds. Now is a good time to recap what Digi-ID is exactly and how it may make an impact.

The Concept Behind Digi-ID

As the name somewhat suggests, Digi-ID is a digital identification protocol allowing users to access their accounts on various platforms through one single authentication method. The code was developed in such a way that it can be embedded on a website with relative ease, which should improve overall adoption of this technology down the line. It is a pretty interesting solution, especially because it will always be free to use and there are no advertisements to contend with.

The Features of Digi-ID

Under the hood of Digi-ID, there are some interesting developments to take note of. This entire solution is backed by blockchain-based cryptography. Since blockchain technology can be used for many different purposes, it seems authentication models can benefit from this technology as well. Thanks to its underpinning mathematics, encryption, and overall transparency, Digi-ID will be an interesting example of how this technology can be used in a positive manner.

Additionally, Digi-ID is resistant to cyber threats. That is an interesting feature when it comes to providing solutions dealing with user information and authentication. More often than not, data management platforms fall victim to cyber attacks sooner or later. Digi-ID wants users to be totally safe, rather than rely on a username, password, or SMS authentication.

Digi-ID generates a unique QR code which can then be scanned by a user through a Digi-ID capable website or the Digibyte wallet. Authentication is done by entering a PIN or using a fingerprint. Once verified, the cryptographically-signed request is sent back to the website or application to let the user log in. It’s a very simple process which could shake up the world of authentication systems.

Who Will Use This Solution?

That is always the big question when it comes to projects such as Digi-ID. While it certainly has a lot of potential on paper, the biggest challenge will be convincing people, websites, and companies to use this authentication method moving forward. It is certainly a valid example of how blockchain technology can be used in a secure environment, but only time will tell how the world responds to Digi-ID.

PR: At 2018 Global Graphene Developer Conference, OpenLedger ApS lays out their vision for the future of BitShares

Bitcoin Press Release: OpenLedger announces the future of Bitshares at the Graphene Developer Conference, 2018. May 8th 2018, Copenhagen, Denmark –  The 2018 Global Graphene Developer Conference, in Shanghai, ran from May 5 to 6. OpenLedger ApS CEO Ronny Boesing laid out his vision for the future of the BitShares blockchain to an audience of …

The post PR: At 2018 Global Graphene Developer Conference, OpenLedger ApS lays out their vision for the future of BitShares appeared first on BitcoinNews.com.

Bitcoin Press Release: OpenLedger announces the future of Bitshares at the Graphene Developer Conference, 2018.

May 8th 2018, Copenhagen, Denmark –  The 2018 Global Graphene Developer Conference, in Shanghai, ran from May 5 to 6. OpenLedger ApS CEO Ronny Boesing laid out his vision for the future of the BitShares blockchain to an audience of Graphene and other blockchain developers, users and enthusiasts, and showed how OpenLedger and its partners will continue to contribute.

OpenLedger ApS CEO Ronny Boesing stated:

“We can trade peer to peer anywhere in the world in a few seconds. We’ve got capacity for every existing exchange to become a member of our network, treating their own customers to the combined market depth of all exchanges on a shared transparent ledger”

OpenLedger ApS has been a proud contributor to the BitShares community since its inception; CEO Ronny Boesing created the platform in partnership with Graphene developer and originator Dan Larimer.

At the 2018 Graphene Developer Conference, organized at the Jumeirah Himalayas Hotel in Shanghai Pudong New Area by BlockGeek and GDEX, speakers from OracleChain, Cryptonomex, CrypViser, YOYOW, Scorum, Decent, Gravity Protocol and others came together to discuss the future development of Graphene-based tools, services and products.

On the Blockchain of the Future, OpenLedger eyes UX and Mobile

OpenLedger ApS has devoted considerable effort to delivering ease of use and accessibility to its business users, based on the experience of the non-blockchain web. At the same time, the company has built the back end of their core OpenLedger DEX rapidly, bringing fiat, tokens and an ever-increasing number of gateways as well as UX improvements to the DEX via a custom user interface.

Confidence is high in the underlying technology, and OpenLedger’s development team plans to capitalize on that with a raft of improvements to their products aimed at delivering a full range of functionality to business users, and allowing them to pass that on to their end users.

At the conference, Mr. Boesing pointed to previous OpenLedger achievements on the BitShares scene, like ERC20 token support and an unusually wide range of language versions, as well as reveal details of improvements including native mobile apps, a new user-friendly interface and a bridge for instant exchange launch, as well as security upgrades.

OpenLedger and Aetsoft: A match made in HTP

The Belarus Hi-Tech Park offers incredible opportunities to the new partnership between Danish startup OpenLedger ApS and veteran blockchain business Aetsoft. It’s the first blockchain-only company to join the Park’s 200+ businesses that together turn over $1.1bn annually, making the HTP a global symbol of Belarus’ confidence in its booming tech sector.

Another sign of confidence in a tech-oriented economic future is the unique regulatory environment established by Decree #8: Crypto activities are tax free, while exchange services, initial coin offerings, smart contracts and mining operations are all legalized, making HTP a natural focal point for the future of blockchain. Before an audience of his peers, Mr Boesing delivered a detailed vision of OpenLedger’s part in that future on Saturday.

About OpenLedger ApS
Supporting a full ecosystem of blockchain services for businesses including a decentralized exchange, custom blockchain development and blockchain project marketing support, OpenLedger ApS is a Danish startup founded and headed by CEO Ronny Boesing.

Since founding the company in 2015, Mr Boesing has been building out the full ecosystem of OpenLedger blockchain-based services, working with a team of experienced blockchain developers, business and marketing experts and legal and support staff based in Pandrup, Denmark and Minsk, Belarus.

He attributes OpenLedger ApS’s successes to a focus on users and community, and points to the success of the OpenLedger Decentralized Exchange, a Demand-Side Platform focused on crypto audiences and the company’s Crowdfunding Services.

Visit their Website – https://openledger.info/
Connect on Facebook – https://www.facebook.com/OpenLedgerDC/?ref=ts&fref=ts
Connect on Twitter – https://twitter.com/openledgerdc
Meet the Team – https://www.linkedin.com/company/openledger

Media Contact
Name: Mihail Romanovsky, CMO
Contact Email: [email protected]

OpenLedger is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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The post PR: At 2018 Global Graphene Developer Conference, OpenLedger ApS lays out their vision for the future of BitShares appeared first on BitcoinNews.com.

Substratum Releases Early Open Beta of Its Protocol

Cryptocurrency and blockchain products can solve a lot of pressing issues plaguing the world today. With internet censorship being a very big trend as of right now, it is evident people will need to find a new solution in order to access the information they desire. Substratum aims to provide that solution, and the project unveiled its early open beta earlier this week. The Substratum Open Early Beta To put this into perspective, Substratum has been around for quite some time now. It is a project a lot of people have high expectations of, mainly because the team aims to provide an

Cryptocurrency and blockchain products can solve a lot of pressing issues plaguing the world today. With internet censorship being a very big trend as of right now, it is evident people will need to find a new solution in order to access the information they desire. Substratum aims to provide that solution, and the project unveiled its early open beta earlier this week.

The Substratum Open Early Beta

To put this into perspective, Substratum has been around for quite some time now. It is a project a lot of people have high expectations of, mainly because the team aims to provide an alternative way of accessing the internet and bypassing censorship. Whether or not they will be successful in this regard remains to be determined.

Interested users are now able to access this project through its early open beta release. As is always the case when an early test version is released, one has to keep in mind that issues may arise when testing this technology. Moreover, it does not include all of the functionality one would expect, but that is only normal at this stage of development.

One has to commend the Substratum team for making this beta accessible to everyone, rather than just focusing on developers and coders. This means the Substratum team had to integrate a very basic UI instead of relying on a command line interface. It will not be the final version of the Substratum UI, but it is evident this interface will give most people a basic idea of what they can expect from future versions of the project.

With this open early beta, users will be able to access most of the worldwide web without any problems. This will be done through the Substratum network itself, but there are some caveats to be aware of. Not all internet content will be accessible at this stage, as video playback is currently not supported. It is not a big deal, though, given the project’s early stage of development. Providing a viable alternative to Tor and VPN servers will not be easy by any means.

Additionally, this open early beta does not include the Neighborhoods functionality or the earning mechanism. The latter feature, which will be introduced in a future version, should let enthusiasts run their own Substratum node and get paid for it. Such nodes will also allow users to access all the worldwide web content they wish to see. 

Substratum enthusiasts are advised to provide as much feedback as possible to the developers. This is still an early beta version of the final platform, and there may be some issues users will need to contend with. Installing the beta client is not difficult, as instructions are provided on the Substratum web page. It is a big milestone for the project, although it remains to be seen how users will respond to this client.

Upbit’s “Investigation” Has Nothing to Do with Fraud, Everything to Do with Pooled Liquidity

As is usually the case when the cryptocurrency markets are taking a beating, people want to know what is driving this bearish pressure. It appears the South Korean media has misreported an ‘incident’ involving popular domestic exchange Upbit. While there is an irregularity being investigated, it seems this is mainly based on a big misunderstanding. There is no fraud to speak of until proven otherwise. What is Going on With Upbit? Various South Korean news outlets have been reporting that domestic cryptocurrency exchange Upbit is under investigation by the authorities. Considering that South Korea is a big part of the cryptocurrency industry these days,

As is usually the case when the cryptocurrency markets are taking a beating, people want to know what is driving this bearish pressure. It appears the South Korean media has misreported an ‘incident’ involving popular domestic exchange Upbit. While there is an irregularity being investigated, it seems this is mainly based on a big misunderstanding. There is no fraud to speak of until proven otherwise.

What is Going on With Upbit?

Various South Korean news outlets have been reporting that domestic cryptocurrency exchange Upbit is under investigation by the authorities. Considering that South Korea is a big part of the cryptocurrency industry these days, such reports can easily trigger a massive sell-off of Bitcoin and altcoins. That is essentially what happened the other night, although the reasons for this particular investigation are not what people may think.

More specifically, South Korean news outlets are claiming Upbit is under investigation for fraudulent behavior. There are supposedly some anomalies when it comes to the platform’s trading volume and liquidity. This is 100% correct, although those anomalies are not the result of fraudulent behavior by any means. Instead, it seems there is a major misunderstanding on the part of the media as to how shared liquidity works.

To put this into its proper perspective, Upbit is sharing liquidity for a lot of cryptocurrencies with other exchanges. This is not uncommon in the world of cryptocurrency, as pooling resources maximizes liquidity for all trading platforms involved. To the untrained eye, it may seem as if something is amiss when looking at one exchange individually, although this shouldn’t be labeled as fraud.

Indeed, the investigation is seemingly focusing on this pooled liquidity issue first and foremost. Since regulators aim to acquire a better understanding of how this works, it is only normal that they decided to investigate what Upbit is doing exactly. Unfortunately, this whole ordeal has been blown out of proportion by the media, which resulted in a massive cryptocurrency sell-off for no real reason.

This would also explain why Upbit was still trading cryptocurrencies without any problems yesterday. If there were indeed fraudulent activity going on, the firm would have been forced to suspend all services almost immediately. So far, that has not happened, as the platform is still generating a high amount of trading volume for most supported currencies. It seems likely this trend will continue for some time.

At the end of the day, this is another issue blown out of proportion by the media due to a lack of understanding, though one would expect most cryptocurrency speculators and enthusiasts to have smartened up by now. Sadly, that has not been the case, as panic kicked in quite heavily over the course of a few hours. With the markets attempting to mount a small comeback, positive things will happen sooner or later. For now, there is no fraudulent activity where Upbit is concerned, until proven otherwise.