Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Dutchman was extradited from the Netherlands back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court. A Five-Year Investigation As reported by…
Crypto Liquidity
What are Crypto Liquidity Providers?
Crypto liquidity providers provide liquidity to a cryptocurrency exchange or trading platform by placing limit orders on the order book. This means that they are willing to buy or sell a certain amount of cryptocurrency at a specific price. Doing so ensures that there are always buy and sell orders for other traders to execute trades against. For example, let's say that a crypto liquidity provider is willing to buy 1,000 units of Bitcoin (BTC) for $40,000. They would place…
2 weeks ago 47 views
What is Crypto Liquidity?
Crypto liquidity refers to the ease with which a cryptocurrency can be bought or sold on the market without significantly affecting the overall price of the coin. A cryptocurrency with high liquidity is easily tradable and quickly converted into cash without a significant loss of value. Conversely, a cryptocurrency with low liquidity may be difficult to trade, resulting in large price fluctuations when trades are executed. Crypto liquidity can be influenced by trading volume, the number of market participants, and…
2 weeks ago 71 views