China’s Firewall Blocks User Access to CMC and CoinGecko

Crypto users in mainland China may not have access to the two most popular crypto market data sites. According to recent reports, China's internet firewall has blocked CoinMarketCap and CoinGecko. This indicated that China's Great Firewall blocked these two sites at 100% as of press time. Users of the two sites started to notice signs of blockage early morning (China time) on Tuesday. It is not clear when these sites became inaccessible. TM Lee, the co-founder of CoinGecko, told The…

3 Reasons Why You Should Not Trust CoinMarketCap

There has been a lot of talk concerning the reliability of the CoinMarketCap platform, all pointing out its data vulnerabilities. According to various articles, the crypto website reports on fake volumes, comprising the top 25 exchanges among the 260 listed ones. More than 75% of these exchanges expose similar data vulnerabilities that make it hard to trust the platform. Also, Forbes reveals the analysis of major research reports that conclude fake crypto trading volume of about 65% to 95%. Regarding…

Microstrategy Launches $600 million Fundraiser To Buy Bitcoin

Leading Business intelligence firm Microstrategy has announced the private sale of $600 million in convertible notes to investors. The fundraising, according to Microstrategy, is to buy more bitcoins into its existing portfolio. More Bitcoins for Microstrategy  Microstrategy revealed this development in a press release today on its website. As per the announcement, initial purchasers of the convertible notes will have an option to purchase within 13 days. The notes will also be unsecured, and MicroStrategy will bear interest payable semi-annually…

Bitcoin Hits Major Milestone As Crypto Market Cap Surpasses $650 billion

Bitcoin (BTC) price continues to prove bullish, with the coin breaking records in recent days. This bullish trend has affected the crypto market cap, with several altcoins making huge gains over the weekend. Bitcoin Sets New All-Time High Bitcoin (BTC) recorded a new milestone on Saturday, 19th of December, setting a new all-time high. The leading coin began the day trading around the $22,700 mark before embarking on a massive bullish run. This run was buoyed by fundamental news as…

CoinMarketCap Implements New Changes to the Ranking System

Here are two new metrics from the top cryptocurrency data aggregator CoinMarketCap (CMC). The new metrics is to rank exchanges and market pairings according to several factors that are aimed at reducing the effect of fake volume on the platform’s data. In recent times, CMC presented some changes which proved controversial for favoring its new parent firm Binance, thereby requiring the changes just introduced. On May 29, CMC presented its new ‘Confidence’ metric for the identification of suspicious volumes reported by exchanges.…

Binance Purchases CoinMarketCap, The Crypto Tracking Platform

On the 1st of April 2020, Binance announced the acquisition of CoinMarketCap, a renowned crypto data tracking site. As part of the acquisition deal, CoinMarketCap will stay committed to offering the most accurate, quality, and timely crypto data in the industry. However, CoinMarketCap founder Brandon Chez will step down as the company’s CEO. However, Chez will be the advisor for the company, as the current CoinMarketCap’s  Chief Strategy Officer, Carylyne Chan, will be the company’s interim CEO. What Industry Players…

Understanding CoinMarketCap.com: Leading Crypto Market Cap Site

Every crypto enthusiast has heard of CoinMarketCap.com, which is the number 1 website in the cryptocurrency space. For years now, the site has provided useful information for enthusiasts and investors alike. The website tracks most of the alternative coins that have hit the market and also shows users the current value in dollars and Bitcoins for each currency.  However, recent times have seen scandalous allegations surround the prominent site, and many are left wondering if CoinMarketCap can still be trusted.…

Binance KR Debuts In South Korea Amid Plans of Binance Acquiring CoinMarketCap

Binance enters the Korean market with Binance KR, a trading platform deploying Binance Cloud Following the launch on April 1, users will be allowed to register and deposit digital assets such as BTC, ETH, BNB, and BKRW  Binance continues accusation spree with a nearly finalized deal to acquire digital currency data aggregator CoinMarketCap  On March 31, 2020, Binance exchange revealed plans to launch Binance KR, a cryptocurrency exchange platform, to serve the Korean users on April 2, 2020. User registration…