Below you will find pages that utilize the taxonomy term “Crypto”
Binance troubles
Binance is being sued by a number of regulatory agencies and individuals for a variety of reasons, including:
- Operating an unregistered securities exchange: The Securities and Exchange Commission (SEC) sued Binance in June 2023 for operating an unregistered securities exchange. The SEC alleged that Binance allowed US residents to trade unregistered securities, including tokens that were offered through initial coin offerings (ICOs).
- Market manipulation: The Commodity Futures Trading Commission (CFTC) also sued Binance in June 2023 for market manipulation. The CFTC alleged that Binance engaged in wash trading and spoofing, which are illegal trading practices that can artificially inflate or deflate the price of a security.
- Money laundering: The Financial Action Task Force (FATF) has also warned Binance about its AML and KYC (anti-money laundering and know-your-customer) practices. The FATF is an international body that sets standards for combating money laundering and terrorist financing.
- Customer protection: Binance has also been criticized for its customer protection practices. In particular, Binance has been accused of not doing enough to protect its users from fraud and theft.
Binance has denied all of the allegations against it and has said that it is committed to complying with all applicable laws and regulations. The lawsuits are still ongoing and it is unclear how they will be resolved.
Crypto liquidity
The liquidity of crypto markets is a measure of how easily you can buy or sell a cryptocurrency without affecting its price. A liquid market means that there are many buyers and sellers, so you can easily find someone to take the other side of your trade. An illiquid market means that there are few buyers and sellers, so it can be difficult to find someone to trade with and the price of the cryptocurrency may be more volatile.
Cryptofeed and XChange
Cryptofeed and XChange are both Python libraries that provide access to cryptocurrency exchange data. However, there are some key differences between the two projects.
- Cryptofeed is more mature and has a wider range of supported exchanges. Cryptofeed currently supports over 40 exchanges, while XChange only supports a handful. Cryptofeed also has a more comprehensive set of features, including support for websockets, book validation, and multiple data formats.
- XChange is more lightweight and easier to use. XChange is a simpler library that is easier to get started with. It does not have as many features as Cryptofeed, but it is still a powerful tool for accessing cryptocurrency exchange data.
- Cryptofeed is more actively maintained. The Cryptofeed project is more actively maintained than XChange. This means that there are more frequent releases and bug fixes for Cryptofeed.
Overall, Cryptofeed is a more powerful and mature library for accessing cryptocurrency exchange data. However, XChange is a simpler and easier-to-use library that may be a better choice for some users.
Understanding Crypto Market Makers
Here are some of the bigger crypto market makers:
- Genesis Global Trading: Genesis Global Trading is a leading digital asset market maker, providing liquidity to institutions and professional traders around the world.
- BitMEX: BitMEX is a cryptocurrency exchange that offers margin trading and other derivatives products. It is one of the largest cryptocurrency exchanges in terms of trading volume.
- Binance: Binance is another large cryptocurrency exchange that offers a variety of trading products, including spot trading, margin trading, and futures trading. [Image of Binance logo]
- Kraken: Kraken is a cryptocurrency exchange that is known for its high liquidity and security. It offers a variety of trading products, including spot trading, margin trading, and futures trading.
- Coinbase: Coinbase is one of the most well-known cryptocurrency exchanges. It offers a variety of trading products, including spot trading, margin trading, and staking.
- Huobi Global: Huobi Global is a cryptocurrency exchange that is known for its high liquidity and global reach. It offers a variety of trading products, including spot trading, margin trading, and futures trading.
- FTX: FTX is a cryptocurrency exchange that is known for its innovative products, such as its futures contracts and leveraged tokens.
- Bybit: Bybit is a cryptocurrency exchange that is known for its high leverage trading products.
These are just a few of the many crypto market makers that exist. The size and prominence of market makers can vary depending on the cryptocurrency and the exchange. It is important to do your own research before choosing a market maker to trade with.
Crypto - diy?
To create your own cryptocurrency, you will need to:
- Create a blockchain. This is the underlying technology that will support your cryptocurrency. There are many different blockchain platforms available, such as Ethereum, Bitcoin, and EOS.
- Design your cryptocurrency. This includes deciding on the name, symbol, total supply, and distribution method. You will also need to create a mining algorithm.
- Create a wallet. This is where your cryptocurrency will be stored. There are many different wallets available, both hardware and software.
- Mine your cryptocurrency. This is the process of adding new blocks to the blockchain and earning rewards in the form of your cryptocurrency.
- List your cryptocurrency on an exchange. This will allow people to buy and sell your cryptocurrency.
Here are some of the steps involved in minting your own cryptocurrency:
Crypto - why?
The point of cryptocurrency is to provide a decentralized, secure, and efficient way to transfer value. Cryptocurrencies are not issued by any central authority, such as a government or bank, and they are not backed by any physical asset. Instead, they are created and maintained by a network of computers that are running a special software program. This software program is designed to verify and record cryptocurrency transactions, and to prevent fraud.