#Blockchain The War between the Top Cryptocurrency Exchanges. Published 10 months ago on July 17, 2018 By Coinnounce - Coin Announcements Share Tweet The top cryptocurrency exchanges striving for their improvement. Cryptocurrency exchanges Cryptocurrency exchanges provide us with nothing but an amazing platform for all the transactions that need to be done with it. The conversion between different cryptocurrencies and Fiat currencies is also made possible through these exchanges itself. However, providing us with integrated environment costs us our identity, which in other platforms apart from cryptocurrency exchanges is more anonymous in nature like localbitcoins.com. Almost 90% of the total number of cryptocurrencies exchanges which exist are centralized in nature and the rest being decentralized. According to the original concept proposed by Satoshi Nakamoto, one of the core foundations of the cryptocurrencies is its decentralized nature and the centralized power of cryptocurrency exchanges to manage our investments doesn’t seem to go hand in hand with it. Exchanges on a race The Top cryptocurrency exchanges are in a rat race, to remain dominant in their operations. However, unexpected situations like hacks and theft might leave them in denial and hence security is one of the major points of focus for the key members of an exchange. Here is how the top 5 cryptocurrency exchanges According to coinmarketcap compete with each other. The top 5 cryptocurrency exchanges according to market capitalization are listed as below. Binance The Asian cryptocurrency exchange Binance doesn’t support Fiat currencies. In order to start trading on this particular cryptocurrency exchange, one needs to buy Bitcoin, Ethereum or any other cryptocurrency. However, it even provides a number of cryptocurrency trading pairs and hence is the largest cryptocurrency exchange based on daily trading volume. Okex The China-based cryptocurrency exchange Okex allows user for a provision to trade between a number of cryptocurrency and Fiat backed tokens. It even provides an exclusive environment for the professional traders through advanced tools, charts, and other pieces of information. The exchange even provides a cryptocurrency wallet, a vault to secure the funds, and also a Blockchain Explorer to provide a complete history of the Blockchain. Multiple leverage options are available for the digital asset based futures. Huobi One of the leading Global digital asset exchange Huobi is dedicated to storing 98% of all its funds in multi-signature cold wallets. Founded originally in 2013 in China by Leon Li, the company has offices in Singapore, United States, South Korea, etc. Bitfinex Founded in the year 2012 and headquarters in Hong Kong the cryptocurrency exchange Bitfinex is well known to provide liquidity to the Bitcoin market. The cryptocurrency version of the US dollar, Tether is estimated to be closely related with this exchange. ZB.COM The China-based cryptocurrency exchange Zb.com offers Crypto to Crypto as well as Crypto to Fiat trading. The Chinese cryptocurrency exchange was launched after the ICO ban in the country. Founded in 2017 the cryptocurrency exchange has gained a lot of momentum with its operation being globalized in nature. They can be compared based on a number of attributes. Some of them are explained below. Supporting the Fiat currencies Some of the above-mentioned cryptocurrency exchange support Fiat trading and conversion like Bitfinex. Supporting Fiat currencies is crucial as the newcomers in the cryptocurrency field cannot enter the Crypto trading industry without the support of Fiat conversions. Many cryptocurrency exchanges, keeping this in mind, support them. On the other hand, due to the regulatory concerns and other verification process required for the Fiat transfers some of the exchange keep it preferable to avoid them. ZB.com cryptocurrency exchange supports only cryptocurrencies. Trading fee A transaction fee is levied upon all the transactions which take place on the cryptocurrency exchange and is one of the major means of income for the exchange. The transaction fees differ based on the trading volume of a particular user or can also be constant for all of them. The transaction fees for Binance is 0.1%. The crypto to Crypto trading fee for OKEx is anywhere between 0 – 0.3%. In case of Huobi, both maker and the taker fees account for 0.2%. Bitfinex and ZB offer the trading fees between 0 to 0.2%. Minimum equity for trading Some of the cryptocurrency exchange employs a condition, that a certain amount of investment must be made available in the exchange’s funds in order to initiate the trading process. Large cryptocurrency exchanges like Binance do not impose such restrictions on the traders. However other cryptocurrency exchanges like Bitfinex needs $10,000 worth of deposit before initiating a trading process. Separate trading interface It is well known that the beginners and the professionals have a completely different set of expectations from a cryptocurrency exchange. Hence many cryptocurrency exchanges opt for 2 user interfaces, one for the beginners and the other one for the advanced users. Binance and ZB.Com are the prominent Crypto exchange which supports this advanced facility for its customers. Closing remarks It must be understood that this is an infinite game between the Crypto exchanges and no one can ever win or lose the battle. The main goal must be to keep the things going on along with the daily improvements. Related Topics:best bitcoin exchangebest crypto exchangebest crypto exchangesbest crypto tradingbest cryptocurrency exchangebest cryptocurrency exchangesBitcoinbitcoin exchangebitcoin tradingBlockchaincryptocrypto tradingcrypto trading platformcryptocurrencycryptocurrency exchangecryptocurrency exchange insightscryptocurrency exchangingcryptocurrency platformcryptocurrency tradecryptocurrency traderCryptocurrency Tradingcryptocurrency trading platformexchangetop bitcoin exchangetop bitcoin exchangestop crypto exchangestop cryptocurrency exchangetop cryptocurrency exchanges Up Next Cardano Price Analysis ADA/USD Bulls Target $0.20, 18 July. Don't Miss Ethereum Price Analysis ETH/USD Rising Above $500, 18 July. Continue Reading Advertisement You may like Circle Fires 30 Employees due to Regularity and Market Conditions NYAG Case: Bitfinex and Tether Argue for Case Dismissal Craig Wright registers Copyright for Satoshi Whitepaper: BSV Surges 85% The Current Bitcoin Market Scenario: Price Manipulation by Whales ETH to USD, 21 May: Ethereum Price Analysis, What’s Next? BTC to USD, 19th May: Bitcoin Price Analysis, $6000 or $9000? 4 Comments 4 Comments Pingback: The War between the Top Cryptocurrency Exchanges. – The Coinage Times Pingback: The War between the Top Cryptocurrency Exchanges. – Btc News Magazine Pingback: What is Noah Coin? Trade Noah Coin on Blockonix Exchange. | Pearl of Haiti Pingback: What is Noah Coin? Trade Noah Coin on Blockonix Exchange. | Perle de Ayiti Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Can Bitcoin be Traced? Published 3 weeks ago on May 1, 2019 By Ruchi Ramaswamy Earlier it was challenging to trace Bitcoins, but current technology has led to practical ways of tracking stolen bitcoins. To track the person who received the bitcoin, the address owner must be aware of it. However, governments do not want bitcoin owners to be unknown, and they are trying to regulate bitcoin in a way that can be monitored. It’s nothing new since people have been doing blockchain analysis and bitcoin tracking since bitcoin was used to exchange stuff on the internet. Is Bitcoin Anonymous? As Bitcoin has become more popular and some criminal activity has been disclosed on the Bitcoin network, many people have wondered whether their Bitcoin transactions are anonymous or whether there are some essential complexities that they should be aware of. Bitcoin tumblers allow many different users to put their cryptocurrency in a “bucket” and then return the same bitcoin value to each user, but with bitcoins put into a bucket by other users. Bitcoin is not entirely untraceable, but it is a common misunderstanding, as Bitcoin is well known for masking user identity. Users who rely on bitcoin exchanges ( such as Bitfinex, Binance or Kraken ) to exchange money for bitcoin must disclose their personal information to such an account. However, governments are beginning to introduce new rules that could force an anonymous Bitcoin exchange to verify the identity of a new user before allowing them to purchase Bitcoin with fiat currency. Create multiple addresses so that bitcoin can be randomly distributed, making blockchain analysis more difficult and anonymous. Bitcoin is often presented as an untraceable payment method that facilitates illegal activities by allowing criminals to make and receive payments without being monitored. There are many ways in which the identity of a person can be exposed to bitcoin transactions. Now you have your bitcoin clean; you don’t want to waste all the hard work of using it in a trackable transaction. As such, if you can pay with bitcoin and rely on the trader not to keep any PII records, the purchase may be anonymous. If you prefer to spend your bitcoin on other cryptocurrencies or cash, the easiest thing to do would be to go to the exchange. Portfolios, currency exchanges, mixing companies, and P2P sites have all been used to cheat bitcoin users. Keep in mind that bitcoin is still the most widely accepted cryptocurrency. Bitcoin is the only virtual currency with enough people who want to buy it to become moldy. Cybercriminals use the creation and monitoring of Bitcoin portfolios, which can be done automatically, helping them find out which victims have paid. Bitcoin transactions are public and contain all the information we need to track ransom payments, provided that we know which wallets to look at. In most cases, payment tracking is not as easy as cybercriminals move bitcoins through multiple wallets to avoid payment tracking. So, if you’re still thinking about using Bitcoin for your transaction gateway, be careful that you can track it as well. Most users use online bitcoin exchanges to exchange bitcoins for real currency, such as bitpay, coinbase, localbitcoins, etc. As the number of pro traders is slightly lower in online markets, it is easy to look at the bitcoin transaction by going to their bitcoin address. Oaktar can be used to collect much more than the information needed to identify and link someone to specific Bitcoin addresses and transactions and can do so without relying on cryptocurrencies. As alarming as oaktar and its activities, no new information has recently emerged to indicate that the NSA has expanded its Bitcoin monitoring efforts to other cryptocurrencies. These protocols include CoinJoin, Dark Wallet, bestmixer, io, sharecoin, and coinwap, all of which also offer Bitcoin and other cryptocurrencies the possibility of anonymizing their transactions. In the meantime, the more direct and intrusive methods of the NSA are also based on the fact that crypto users unconsciously compromise their internet connections, which could not be expected to monitor all cryptocurrency transactions in mass. Bitcoin, the Internet currency loved by computer scientists, libertarians and criminals, is no longer vulnerable. But Bitcoin ‘anonymity is also a powerful tool for criminal financing: virtual money can keep shady transactions secret. Continue Reading #Blockchain Forbes releases top 50 blockchain companies list Published 1 month ago on April 19, 2019 By Joyce Lang Forbes has released a new top 50 blockchain companies using blockchain technology list and these are almost all household names of the world’s largest companies. In fact, they are all billion dollar plus companies such as Amazon, Citi Group, Foxconn, Comcast and a whole host of others and unsurprisingly the bulk majority of these companies are using Ethereum. Although, outside of Ethereum which is, of course, the number 1 blockchain for these companies, we do see others like Hyperledger and Quorum for example, although much rarer on the list in terms of mentions are blockchains such as Stellar Lumens or Cardano. Blockchains such as TRON, EOS, NEM, and others are not mentioned in the list of top 50 companies. Companies choosing Ethereum according to Forbes: Big businesses really like what Ethereum is doing. Ethereum has also worked very hard to make these relationships happen over the last few years and those relationships are now paying dividends big time. All the top 10 companies are located in China or the United States. The Top 10 (Forbes List): 10. Ping An Insurance Company: China 9. Bank of China: China 8. Apple: United States 7. Wells Fargo & Company: United States 6. Bank of America: United States 5. Agricultural Bank of China: China 4. Berkshire Hathaway Inc: United States 3. JPMorgan Chase & Co: United States 2. China Construction Bank Corporation: China 1. Industrial and Commercial Bank of China: China Continue Reading #Blockchain JPMorgan expanding itself into the blockchain and crypto space Published 2 months ago on March 29, 2019 By Janet F. Sanchez JPMorgan Chase, the American multinational investment bank and financial services company has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, a job listing site. According to the data from Indeed.com, the overall job openings for the cryptocurrency industry also seems to be on a rise. JPMorgan Entering the Cryptocurrency Space: Though the CEO of JPMorgan, Jamie Dimon has always been a strong opponent of Bitcoin and other cryptocurrencies, his company has been interestingly expanding its operations in the field of blockchain and cryptocurrency. Last month, JPMorgan launched its own cryptocurrency known as the JPM Coin, which will serve the bank’s precious customers in order to make transactions between them more swift and steady. Back in 2018, JPMorgan had launched a blockchain powered platform known as Quorum which might be seen quite homogeneous to bitcoin and ethereum, however, it is almost fully centralized in nature. Large companies entering the Blockchain Space: In recent times, a lot of huge companies worldwide have been entering into the blockchain and cryptocurrency space. According to a recent publication by the Forbes, large organizations such as IBM, Deloitte, Cisco, Microsoft, Consensus, and others have been curiously hiring employees that are experts in the field of blockchain technology. 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