Archive | poloniex

Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trades

On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes. Also read: Thailand […]

This Week in Bitcoin: Courtroom Drama

Bitcoin was born on the internet but destined to end up in court. Where there’s money, there’s a trail of gold-diggers, scammers, and slighted plaintiffs, and as bitcoin has risen in value, so have the court cases. With lawsuits, threats of litigation, subpoenas, and regulators sending gavels slamming in courtrooms across the land, this week’s […]

Cryptocurrency Exchange Poloniex Has Been Bought by Circle

Payment company Circle has announced that it has purchased Poloniex cryptocurrency exchange. Rumors of the acquisition had been circulating for weeks, and were finally confirmed today in press releases issued by both parties. Poloniex is one of the most well established cryptocurrency exchanges, but has been stagnating. It is hoped that the partnership will revitalize […]

Goldman Sachs Backed Circle Acquires Poloniex Cryptocurrency Exchange

In a move that could potentially legitimize cryptocurrencies even further Goldman Sachs backed payments company Circle has acquired US crypto exchange Poloniex. The acquisition aims to extend the firm’s commitment to a new vision for global finance and cement its position as one of the leading companies in the blockchain industry. According to Reuters the […]