Report Reveals 5% Of Aggregate Trading Volume Is Gathered By Best Crypto Exchange Platforms

cryptocurrency-exchange-rating-system

A report published by CryptoCompare on August 21st reveals that exchanges are still the larger contributor to cryptocurrency trading volumes on a global level, even though systems like Bitcoin Loophole hold a huge piece of the investment pie. Let’s discuss the available information together at Top10CryptoBots. July reports of low-quality D-E rated exchanges account for almost up to 64% of the total crypto trading volume – that is a shocking total of $316 billion. On …

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Metal Pay a Major Competitor to Facebook’s Libra

Metal-Pay-a-Major-Competitor-to-Facebooks-Libra

We at Top10CryptoBots have been closely monitoring cryptocurrency developments lately, especially in terms of Facebook’s actions. Facebook is all set to bring it’s all-new Crypto network called Libra, though it is already surrounded by a bunch of competitors. In the list of its competitor’s Metal Pay by MTL coin is on the top. Erik Finman one of the opulent investor’s of Metal Pay has said: “Metal Pay is the ideal of Libra.” He even added …

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Tone Vays Declares Ripple’s XRP As A ‘Scam’ In The Middle Of An Escalating Lawsuit Row

XRP-Ripple-Scam-Lawsuit

This week, Ripple’s XRP has suddenly come under fire from an ardent Bitcoin (BTC) supporter, Tone Vays, following the news of an intensified lawsuit against the company. He states Ripple is set to suffer the wrath of U.S. regulators. Ripple controls the cryptocurrency token called XRP in the U.S. The investor, Bradley Sostack, has taken it to court on the claim of the securities sold by the company to be unregistered. Cointelegraph reported an increase …

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Cryptocurrency Trading to Get Affected by New Rules on Money-Laundering

money-laundering-crypto-exchanges

The biggest drawback about crypto is that it serves as a haven for tech-savvy criminals. Some cryptocurrency exchanges have gone against regulators by imposing rules that are not up to standards. However, this rebellion is soon to end as new rules against money-laundering are aimed directly at crypto exchanges. These rules have been passed on by the inter-governmental organization called Financial Action Task Force, it is responsible for setting standard policies for terrorist financing and …

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Investor’s Secured Step with Shift from Crypto to Convergence Apps

blockchain-investments

As per the recent report published by Outlier Ventures on 13 August, the financial market is experiencing a shift in the investment patterns with changes in investment on Crypto to convergence apps. Shifts in the Primary Stages The report “Investment in Blockchain 2019”, gives an overview of blockchain investment patterns and trends which are prevailing in the market. It presents a statistic, according to which blockchain companies have saved 23.7 $ billion from 2013. The …

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“Trade-War” Impacting Bitcoin’s Investment”

US-China-trade-war

The US-China trade war is at no pace to peace out the respective economies. After the YUAN fall, the US has declared China’s currency as a “currency manipulator”, which will authorize the US government to impose severe policies on Chinese international trade. It has been a drastic situation for the monetary market in the past 11 years. Its further increase, suggests that if Trump’s harsh sanctions and demeaning allegations will continue to China, economists afraid …

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Crypto Ban: “A Loss-Making Deal for India”

Crypto-Ban-A-Loss-Making-Deal-for-India

Recently the Inter-Ministerial Committee, headed by Subhash Chandra Garg, the secretary of the Department of Economic Affairs, has released a report on the issue of virtual currency and its relatable affairs. Under this report, they mentioned a proposal for a strict ban on private cryptocurrencies in India, though this ban will not include the state-government authorized cryptocurrencies. As of now, proper legislation with more amendments and proposals in the matter is yet to be finalized, …

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The Capital City of South Korea to Introduce Its Cryptocurrency

The-Capital-City-of-South-Korea-to-Introduce-its-Cryptocurrency

The Government of Seoul is planning on launching its cryptocurrency to use in the beneficial programs funded by the city. It will be called the “S-coin”. According to a report, the city is also going to begin its first administrative services based on a blockchain system later this year in November. Specifics of the products’ release along with their goals and timelines were determined at a conference held in July which was attended by representatives …

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Bitcoin On A Hike With Trump’s Tariff Policy

Bitcoin-on-a-hike-with-Trumps-Tariff-Policy

The US-China trade war is again topping the news headlines, after Huawei’s CEO stirred the pot ones again not so long ago. And this time, it has drastically affected the Yuan. The effect got visible when the People’s Bank of China referenced the currency at 6.9225, which is a substantial drop of 7. This has happened for the first time in a decade. Though its result is observed in an interesting rise in the Bitcoin, …

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We Mine Fewer Bitcoins Than Ever

We-Mine-Fewer-Bitcoins-Than-Ever

If you’ve been interested in cryptocurrencies, you are probably well aware of the fact that there’s a limited supply of Bitcoins that can be mined. The maximum amount of the coins that can be generated into supply is 21 million Bitcoins. And currently, nearly 18 million Bitcoins have been mined. This can very well explain why the price tag of Bitcoin is holding such a high value despite the fluctuations. It is a rare good …

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