Cryptocurrency Analysis and News Portal
Crypto investors, like their traditional market counterparts, can transact on an exchange or through an over-the-counter desk. The exchange acts as an intermediary between trading parties, matching orders. On an OTC desk, trades happen directly between the two parties, with one of them typically being the desk itself. Source
Read More
California's financial regulator brought enforcement actions against 11 little-known crypto companies Tuesday, alleging they stole customer funds or operated like Ponzi schemes. Source
Read More
Despite Beijing’s ever-increasing crackdown on the crypto industry, there are still some signs of life in the People’s Republic regarding the Bitcoin network and OTC trading.China intensified its clampdown on crypto last week in an effort to suppress any remaining activity related to digital assets within its borders. The regime
Read More
Over-the-counter (OTC) trading desks in China are on their way out as the country cracks down on cryptocurrency activities, a veteran of the local crypto scene predicted.“I think OTC platforms that are operated from the big exchanges will close down,” said Bobby Lee, founder and CEO of the Ballet wallet
Read More
Bitcoin (BTC) is being aggressively bought up by institutional entities this week as data shows over-the-counter (OTC) trading volumes spiking.As noted by Dylan LeClair, co-founder of analytics and advisory firm 21st Paradigm, high net worth individuals have clear interest in Bitcoin at current prices.Investors ramp up BTC activityCiting data from
Read More
As Chinese authorities make it harder than ever to exchange cryptocurrency into fiat, miners may be forced to move to other jurisdictions, local sources say.On Monday, crypto industry blogger Colin Wu tweeted that miners in China have been struggling to pay for electricity after the authorities started cracking down on
Read More