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More than seven months after residents first noticed a fire at an illegal dumping site in northwest Arkansas, it’s still smoldering, sending noxious smoke throughout the town and seeping into homes, with costs to extinguish the fire estimated at tens of millions of dollars. Chris Nelson, 40, lives with his…
For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $ 200 billion, and ETH exceeding $ 100 billion.
BTC Volume Surpasses $ 200 Billion for February
February saw the highest volume for BTC trade in one year, with BTC pairings generating nearly $ 206.37 billion in trade during the last 30 days.
The increase in trade activity was driven by the run up to $ 4,000 during the middle weeks of February, with volume having since retraced amid sideways consolidation. The surge in activity comprised a 34% gain in trade activity month-over-month.
USDT trade also produced its heaviest month of trade since the first quarter of 2018, with $ 177.12 billion worth of tether changing hands. USDT trade activity increased by 56.50% when compared with January.
30-Day ETH Volume Surpasses $ 100 Billion
Monthly ETH trade activity reached a one year-high during 2018, with $ 104.46 billion worth of ethereum having been traded during the last 30 days. As such, ETH trade increased by 34.40% month-over-month.
During February, EOS ranked as the fourth-most traded cryptocurrency for the fifth consecutive month. $ 33.24 billion worth of EOS were traded during the last 30 days, comprising a 54.75% gain in trade activity. February comprised the strongest month of EOS trade since May 2018.
LTC ranked as the fifth-most-traded crypto asset for February, with $ 32.85 billion worth of litecoin changing hands. LTC saw a 93.58% month-over-month gain in volume, comprising the strongest month of trade since the first quarter of 2018.
Bitcoin Cash and Dash Ascend Volume Rankings During February
XRP was the sixth-most traded cryptocurrency of February for the second consecutive month, with $ 17.66 billion worth of XRP changing hands during the last 30 days. XRP trade activity increased by 30% month-over-month, however, failed to exceed the trade volume generated throughout December.
BCH ascended two positions to rank as the seventh most traded crypto asset of the past 30 days with $ 8.91 billion worth of trade. Despite posting a 40.54% gain monthly trade, February comprised the second-weakest month of trade in more than 12 months.
Dash re-entered the top ten after falling to 12th last month, ranking eighth with $ 6.22 billion worth of trade. February saw dash produce a 48.45% volume increase month-over-month, comprising the strongest month of trade since September.
NEO Reclaims Top Ten Ranking
NEO produced its strongest month in over 12 months, with $ 6.21 billion worth of NEO changing hands in the last 30 days. NEO comprised the ninth-most traded crypto asset during February, breaking into the top ten for the first time since November. NEO trade activity increased by 72.5% month-over-month.
QTUM produced its strongest month of trade since the first quarter of 2018, generating $ 6 billion worth of trade in the last 30 days. Monthly QTUM trade increased 22% when compared with January ranking it as the 10th-most traded cryptocurrency during February.
CKUSD comprised the 11th-most traded crypto asset during February with $ 5.87 billion worth of trade. February saw monthly CKUSD trade activity gain 38%, comprising the strongest month of trade since Q1 2018.
ETC rose two positions to rank as the 12th-most traded cryptocurrency with $ 5.75 billion worth of trade in the last 30 days. February posted a 60% gain in monthly ETC volume, comprising the strongest month of trade since August.
TRX Posts Significant Reduction in Monthly Trade
Despite falling from the top ten, ZEC produced its strongest 30 days of trade since Q1 2018 for the second consecutive month, with $ 5.22 billion worth of ZEC changing hands. February saw ZEC volume increase by 4.4%, ranking as the 13th-most traded cryptocurrency.
TRX comprised the only crypto asset of the top 15 to post a reduction in trade volume during February. $ 5.08 billion worth of TRX was traded during the last 30 days, ranking as the 14th most trade crypto asset.
XLM posted its strongest month since the first quarter of last year, with $ 3.99 billion worth of XLM changing hands. XLM comprised the 15th-most traded cryptocurrency during February, with volume increasing 23%.
BTT Ranks Among Top 20
BTT comprised the 16th-most traded crypto asset during February, with $ 3.86 billion worth of BTT having been traded.
BNB made its second appearance among the top 20 in one year, ranking 17th with $ 2.84 billion in trade over the last 30 days
BSV ascended one rank to comprise the 18th-most traded cryptocurrency during February, with $ 2.70 billion worth of trade. BSV trade activity increased 34.33% month-over-month.
PAX saw a nearly 10% decline in monthly trade activity, slipping one position to rank as the 19th-most traded crypto asset with $ 2.01 billion in trade.
TUSD ranked as the 20th-most traded cryptocurrency for the second consecutive month with $ 1.87 worth trade, a nearly 17% increase in trade volume.
Do you expect volume to continue to increase heading into the second quarter of 2019? Share your thoughts in the comments section below!
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The post Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018 appeared first on Bitcoin News.
Ernst & Young, the court-appointed monitor in the Quadrigacx saga, released a report on March 1 which shows that cold wallets known to have been used by the Canadian exchange have been without funds since April 2018. The latest twist adds some clarity to a mystery that has held Quadrigacx customers spellbound, hoodwinked into believing Gerald Cotten had supposedly died with the keys to their $ 190 million fortune.
6 Empty Cold Wallets Identified
Accountants Ernst & Young identified six cold storage addresses used by Quadrigacx to store cryptocurrency in the past, the Toronto Star reported on March. 2. Five of those wallets have been empty since April 2018. The report detailed how a sixth wallet “appears to have been used to receive bitcoin from another cryptocurrency exchange account and subsequently transfer bitcoin to the Quadriga hot wallet” on Dec. 3.
The only other transaction, as disclosed last month, was when $ 371,000 worth of BTC was accidentally moved to a cold wallet – the sixth wallet – controlled by CEO Cotten, thought to have died in India in December.
According to a blockchain-based review of transactions of the six wallets from April 2014 to April 2018, aggregate BTC monthly balances in the identified cold wallets ranged from zero to a peak of 2,776 BTC, the article said. On average, aggregate month end balance amounted to about 124 BTC over the four-year period. Quadrigacx also appears to have moved some bitcoin to rival crypto exchanges. The report read:
The monitor has made inquiries of the applicants as to the reason for the lack of cryptocurrency reserves in the identified bitcoin cold wallets since April 2018. To date, the applicants have been unable to identify a reason why Quadriga may have stopped using the identified bitcoin cold wallets for deposits in April 2018, however, the monitor and management will continue to review the Quadriga database to obtain further information.
The Mystery Continues
The Quadrigacx saga has left more than 115,000 customers in the cold, unsure whether they will ever recover their combined $ 190 million in cryptocurrency, until now believed to have been buried together with Cotten. The company has been under court-approved creditor protection since Feb. 5, with Ernst & Young acting as monitor under the process.
Quadriga, run as a one-man operation by Gerald Cotten, using his laptop, officially ceased operations at the end of January. His widow Jennifer Robertson described Cotten’s normal procedures for transactions as moving “the majority of the coins to cold storage as a way to protect the coins from hacking or virtual theft,” as per the March. 1 report.
The Toronto Star reported that Ernst & Young has also identified another three cold wallet addresses that may have been used by Quadrigacx. Even though the said wallets do not contain any funds, the monitor is analyzing the history of their transactions.
Another 14 user accounts created outside the normal process were also identified, with deposits created and used for trading, stated the article. Ernst & Young has contacted the 14 exchanges involved with the accounts and received responses so far from four.
What do you think about the twists and turns at Quadrigacx? Let us know in the comments section below.
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The post Report: Quadriga’s 6 Cold Wallets Have Been Without Funds Since April 2018 appeared first on Bitcoin News.
Thirty years ago, a sobering dry spell in Iceland’s history came to an end. On Friday, the country celebrates the anniversary of the lifting of a decades-long ban on beer with—what else?—a nationwide Beer Day. The drink was outlawed in Iceland for 74 years, while all other booze…
American farmers are in debt to the tune of $ 409 billion, up from $ 385 billion last year and reaching levels of the 1980s agriculture crisis, the agriculture secretary told Congress Wednesday. And loan demand among farmers is “historically high,” Sonny Perdue added, per Reuters . Low interest rates and stable land…
In the year since the deadly mass shooting at a Florida high school, more and more states have passed laws making it easier to take guns away from people who may be suicidal or bent on violence against others, and courts are issuing an unprecedented number of seizure orders across…
The housing market’s chill grew colder in December, as sales plunged across Southern California and home prices barely rose.
The number of closed deals fell 20.3% compared with a year earlier, hitting the lowest level for a December since the start of the Great Recession and marking the sharpest…
Coincheck has reported 1.73 million downloads of its mobile app since the Japanese cryptocurrency exchange resumed new account signups, withdrawals, deposits and limited trading in October. By the end of December, more than 900,000 of the new users had gone on to confirm their identities, in what looks like a remarkable comeback for an exchange that holds the dubious record of having suffered the worst hack in the short history of cryptocurrency.
Trading Volume Rises as More Customers Sign Up
About $ 534 million worth of the NEM cryptocurrency was stolen from Coincheck in January 2018. The money was never recovered and operations were subsequently halted. Since then, the trading platform has been trying to reinvent itself through refunding victims of the hack, improving security systems, as well as regularizing its operations with Japan’s financial regulator. Coincheck completed its registration as a cryptocurrency exchange on Jan. 11 of this year.
According to an earnings report for the third quarter to March 31, 2019 published by Monex Group, the Japanese owners of Coincheck, the exchange has seen a marked increase in trading volume since it resumed purchasing and depositing services “for all tradable cryptocurrencies” at the end of November.
“Service resumption contributed to an increase in trading volume [and] growth potential in customer base where the millennials are the majority,” said Monex, which acquired Coincheck in April 2018, in the financial report released Jan. 31.
Coincheck Losses Halve to 300 Million Yen
For the quarter, Coincheck also reported losses that halved to 324 million yen (about $ 2.97 million) from 588 million yen ($ 5.39 million) the previous quarter, as new user signups soared. Revenue came in at $ 4.59 million, up from $ 2.75 million in the second quarter.
Monex said the company had established its “Blockchain Lab (BCLab),” which is aimed at providing “blockchain or cryptocurrency technology solutions to various companies.”
The group also spoke about the importance of the virtual currency business to its entire operation, stating: “Cryptocurrency trading business will be a key to enhancing cross-segment interaction” which will expand “business capability and create new customers.”
After the record-breaking hack of last year, it is a milestone that Coincheck, bought by Monex for $ 34 million last April, has been granted an operating license by Japan’s Financial Services Authority. The license gives the exchange full permission to continue providing its services within the Pacific island nation.
Monex says it has overhauled Coincheck’s security and management systems in a bid to prevent the recurrence of another theft.
What do you think about Coincheck’s comeback? Let us know in the comments section below.
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The post Coincheck Registers 1.7M New Users Since Resuming Operations Last October appeared first on Bitcoin News.
Wall Street got its mojo back in January after finishing 2018 with its worst December since 1931.
Stocks finished higher Thursday, closing out the Standard & Poor’s 500 index’s best month since October 2015.
A series of strong corporate earnings reports helped power the monthlong rally, which followed…
In recent peer-to-peer (P2P) market action, Latin American Localbitcoins trade has continued to show strength after producing record volume last month. In other news, P2P trade between the euro (EUR) and BTC has posted its strongest volume in 10 months.
European and South American Localbitcoins Markets Show Strength
EUR/BTC trade on Localbitcoins has recorded its strongest week since posting record trade when measured against fiat currency at the end of March 2018.
During the week of Jan. 26, approximately 985 BTC were traded for EUR, equating to more than 3.11 million euros (roughly $ 3.58 million) worth of trade.
Hungarian P2P trade also spiked during the week of Jan. 19, producing the fifth strongest week on record when measured in Hungarian forint (HUF), with 5.41 million HUF (roughly $ 19,750) worth of trade taking place.
The week also comprised the strongest for Hungarian P2P trade since July 2017 when measured in cryptocurrency, with 5 BTC changing hands.
When measuring in cryptocurrency, the Turkish Localbitcoins markets also recorded the strongest week of trade activity since Nov. 2017 this past week, with 35 BTC worth of trade.
Latin American Localbitcoins Markets Continue to Show Strength
After producing record volume during Dec. 2018, the Latin American P2P markets have continued to see strong trade activity.
This past week saw the Venezuelan Localbitcoins markets post record volume for the eighth time in the last 10 weeks when measured in fiat currency, with 16 billion Venezuelan bolivar (VES) worth of trade taking place.
The week also comprised the second strongest on record for Venezuelan trade when measured against cryptocurrency, with 1,806 BTC changing hands.
For Localbitcoins trade between the Colombian peso (COP) and BTC, the weeks of Jan. 19 and Jan. 26 produced the second and third strongest volume on record, with nearly 700 BTC being traded during each seven-day period.
When measured in fiat currency, the preceding two weeks have comprised the fifth and seventh strongest in the market’s history with more than 7 billion COP worth of BTC trade taking place during both weeks.
Indonesian P2P Trade Spikes
Indonesian Localbitcoins trade also spiked this past week, with the week of Jan. 26 comprising the third strongest in the market’s history when measured against fiat currency with nearly 804 million Indonesian rupiah (IDR) (roughly $ 57,500) worth of trade.
When measured against cryptocurrency, this past week posted the strongest trade activity since March 2017, with 17 BTC changing hands.
What is your response to the strength of the European, Latin American, and Indonesian Localbitcoins markets? Share your thoughts in the comments section below!
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The post European P2P Trade Posts Strongest Activity Since March 2018 appeared first on Bitcoin News.