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Research: Ripple is characterized by excessive hype on Twitter

The TIE analysts concluded that the Ripple XRP token stands out among other highly liquid crypto assets by excessive hype on the social network Twitter. 1 / We investigated which cryptocurrencies are the most and least overhyped on crypto Twitter. In other words, which coins are being manipulated the most, which have the most bot accounts tweeting about them, […]

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The TIE analysts concluded that the Ripple XRP token stands out among other highly liquid crypto assets by excessive hype on the social network Twitter.

“We studied around which coins the largest and smallest hype on Twitter. In other words, which coins are most susceptible to manipulation, which are most often tweeted from bot accounts, and which are characterized by excessively bloated activity. "

To do this, The TIE created a metric "HYIP to activity ratio". It represents the number of tweets per $ 1 million of the trading volume of a particular coin. It turned out that among the 450 crypto assets studied, an average of 1 tweet per $ 1 million of volume.

The researchers concluded that Tether and the EOS, Ethereum Classic, Cosmos, and NEO crypto assets are least affected by the hype on Twitter.

“Tether is a stablecoin widely used in crypto trading. Therefore, it is logical that the coin has a relatively small number of discussions, given its trading volume, ” analysts explain.

On the other hand, The TIE notes that some coins have an “astronomical number of tweets” in relation to trading activity. Experts attributed these assets to TokenPay, Electroneum, Dragonchain, Telcoin and DigiByte.

“For comparison, the ratio of hype to activity at TokenPay is 33,000,000% higher than that of Tether”

In general, experts came to the conclusion that the largest cryptocurrencies have the most healthy ratio of hype to activity:

However, against the background of Bitcoin, Ethereum, Bitcoin Cash and Litecoin, the third largest crypto asset XRP is significantly distinguished. On the other hand, the brainchild of Ripple is not so hyped hype compared to other, less liquid digital assets.

Researchers note that often crypto assets surrounded by hype have a huge number of Twitter followers, which projects buy to create the illusion of mass involvement. For example, the Electroneum project (102nd place in the CoinMarketCap rating) has 127 thousand Twitter followers, while the extremely popular BitMEX exchange has only 65 thousand.

The TIE experts did not forget to mention the founder of TRON and Twitter patron Justin San, who, for example, has 6 million likes on Facebook. At the same time, only 187 thousand people are following the largest American company Coinbase with 30 million users in this social network.

Researchers concluded that the crypto industry is still the Wild West. Many projects resort to manipulative practices that mislead many inexperienced market participants.

“Although this metric is imperfect, we think it is a good tool for massively identifying“ white crows, ” The TIE researchers concluded by attaching a Google spreadsheet with a list of assets with the highest hype to the tweet.

Earlier, The TIE came to the conclusion that 87% of the total trading volume on 100 trading floors does not inspire confidence.

Also recall, recently the legendary trader Peter Brandt accused Ripple of market manipulation and expressed the opinion that the price of XRP will soon fall by another 20%.

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Service from CipherTrace monitors suspicious activity for 700 crypto assets

The analytical service CipherTrace began to track suspicious transactions for more than 700 crypto assets, CoinDesk reports. The updated platform now supports 87 of the top 100 assets, as well as ERC-20 standard tokens. The CipherTrace solution allows you to view the complete transaction history for each of the digital currencies available for tracking and set alerts for addresses marked as suspicious. The company sells its product […]

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The analytical service CipherTrace began to track suspicious transactions for more than 700 crypto assets, CoinDesk reports.

The updated platform now supports 87 of the top 100 assets, as well as ERC-20 standard tokens. The CipherTrace solution allows you to view the complete transaction history for each of the digital currencies available for tracking and set alerts for addresses marked as suspicious.

The company sells its product to government organizations and law enforcement agencies, as well as companies seeking to comply with increasingly stringent regulations.

“By only helping virtual asset services free networks from criminals and terrorists, can the industry achieve a level of trust that is sufficient for massive adoption ,” said CipherTrace CEO Dave Jevans.

Also, he said, previously many large sections of the cryptocurrency ecosystem remained opaque, which made it difficult to combat money laundering and the financing of terrorism.

Recall that in September CipherTrace launched the Scout application , which allows determining whether certain coins in the Bitcoin and Ethereum blockchains are connected with criminal activity.

In particular, the application identifies coins that could be used in illegal activities, including darknet purchases and ransomware attacks requiring ransom in cryptocurrencies.

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CME: The number of contracts for bitcoin futures in 2019 increased by 61%

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The Chicago Mercantile Exchange (CME) group on Monday presented a detailed report on the performance of its bitcoin futures market for the third quarter of this year.

According to the exchange, the number of active contracts compared to the same period last year increased by 61% – from 2,873 to 4,629. Despite the BTC price drop by 25%, the number of active contracts compared to the second quarter decreased by only 1%.

The average daily trading volume for CME bitcoin futures in the third quarter amounted to 5,534 contracts, up 10% compared to last year. The company notes that this value corresponds to 27,670 BTC or $ 289 million.

“Institutional flows remained strong. 454 new accounts were added against 231 in the third quarter of 2018, ”the exchange said.

The number of customers holding more than 25 bitcoins and ranked among large investors on this basis increased from 45 to 47 from the last quarter, while there were 34 of them a year ago.

About half of CME bitcoin futures trading in the third quarter was accounted for by users from the United States, 26% from the Asia-Pacific region, and 21% from Europe and the Middle East.

Last week, CME's head of alternative investments, Tim McCourt, said that the exchange hopes to attract no less interest in the upcoming options for bitcoin futures than in the futures themselves.

Publication date 10/15/2019
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CoinShares and Blockchain launch gold token on Bitcoin sidechain

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CoinShares, a company specializing in circulating asset management, together with Blockchain, a cryptocurrency wallet provider, as well as the Swiss company MKS, which provides precious metals trading services, introduced the DGLD token, secured by gold.

According to CoinShares, the launch of the network took place today, the project tokens are provided with $ 20 million in gold, which will be held in the Swiss store. Each DGLD token is supported by 1/10 troy ounce.

Danny Masters, a spokesman for CoinShares, noted that the new asset will function as a sidechain of the flagship cryptocurrency network. The token combines the stability of the world's most stable asset, that is, gold, and the security of the most reliable blockchain network, i.e. Bitcoin.

Masters also drew attention to the fact that DGLD owners can be calm about the fact that gold is physically stored in a reliable way in Switzerland, and at the same time take full advantage of a digital asset without resorting to the help of intermediaries, such as ETFs for gold.

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Name Price24H (%)
Bitcoin (BTC)
$8,167.00
-2.07%
Ethereum (ETH)
$179.70
-3.67%
XRP (XRP)
$0.289361
-2.32%
Bitcoin Cash (BCH)
$224.15
-1.22%
EOS (EOS)
$2.96
-5.45%
Stellar (XLM)
$0.064347
-1.43%
Litecoin (LTC)
$54.95
-3.49%
Cardano (ADA)
$0.039582
-4.68%
Tether (USDT)
$1.00
-0.07%
Monero (XMR)
$51.85
-2.22%
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