FTX Token Price Changed by 0.99 percent

FTX Token FTT/USD on Bitfinex exchange is 1.23. The trading volume on Bitfinex is 36689.00. FTX Token average change within 24 hour is 0.99 …

As at 2019-09-14 average FTX Token price is 1.23327946 USD, 0.00011819 BTC, 0.00654300 ETH.

It’s noteworthy that is issued into circulation FTX Token.

In this regard, 24 hour trading volume is 2280822.22726360 USD or 218.58012542 BTC. At the same time FTX Token market capitalization is 30831986 USD or $2954 BTC.

FTX Token FTT/BTC on FTX (Spot) exchange is 1.23. The trading volume on FTX (Spot) is 40806.00.

At the same time FTX Token FTT/USDT on CoinEx exchange is 1.23. The trading volume on CoinEx is 44551.00.

FTX Token FTT/USDT on BitMax exchange is 1.23. The trading volume on BitMax is 1076041.00.

FTX Token FTT/USD on Bitfinex exchange is 1.23. The trading volume on Bitfinex is 36689.00.

FTX Token average change within 24 hour is 0.99 against USD, -0.45 against BTC, -2.92 against ETH. Weekly report: 2.42 against USD, 3.43 against BTC, -2.35 against ETH. Monthly report: -0.59 against USD, -2.52 against BTC, -1.44 against ETH.

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Project Pai Price Changed by 3.8 percent

Project Pai PAI/BTC on Bitfinex exchange is 0.02. The trading volume on Bitfinex is 8.08. Project Pai average change within 24 hour is 3.8 against …

As at 2019-09-14 average Project Pai price is 0.02202230 USD, 0.00000211 BTC, 0.00011684 ETH.

Project Pai PAI/USDT on Huobi Korea exchange is 0.02. The trading volume on Huobi Korea is 1662.08.

At the same time Project Pai PAI/BTC on Huobi US (HBUS) exchange is 0.02. The trading volume on Huobi US (HBUS) is 48.27.

Project Pai PAI/ETH on Lbank exchange is 0.02. The trading volume on Lbank is 453949.00.

Project Pai PAI/BTC on BitRabbit exchange is 0.02. The trading volume on BitRabbit is 289.43.

Project Pai PAI/BTC on Bitfinex exchange is 0.02. The trading volume on Bitfinex is 8.08.

Project Pai average change within 24 hour is 3.8 against USD, 2.43 against BTC, -0.22 against ETH. Weekly report: -1.13 against USD, 0 against BTC, -5.74 against ETH. Monthly report: -13.29 against USD, -14.98 against BTC, -14.03 against ETH.

In this regard, 24 hour trading volume is 986662.36977659 USD or 94.53406775 BTC. At the same time Project Pai market capitalization is 32007550 USD or $3066 BTC.

It’s noteworthy that is issued into circulation Project Pai.

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Tethers Cause Traffic Jam on Ethereum

Tether, associated exchange Bitfinex and their parent company iFinex are all being investigated for fraud now by the Attorney General of New York.

The unexplained recent migration of almost a billion USD-pegged tether cryptocoins to the Ethereum network has caused 100 000 transactions to get “stuck” in processing there, Trustnodes reports.

(Graphic courtesy of Trustnodes)

The controversial tether coins have been moving from their native OMNI network and other crypto networks to Ethereum, and no one but the parties responsible can say for sure why.

“The Ethereum network has become congested with users complaining transactions are taking hours or in some rare instances, even days,” Trustnodes writes:

“The culprit appears to be Tether. They’re now taking about 50% of the entire network capacity, with USDT handling $18 billion in unfiltered trading volumes, far more than eth’s $6 billion.”

According to the outlet, tethers (USDTs), “…(are) used for arbitrage between global and local exchanges as well as to bypass national or international restrictions…on crypto trading, capital controls, and so on.”

Tethers are generated by a company called Tether.

Critics have long questioned Tether’s claims that each tether token it produces is 100% backed by equivalent real-world US dollars held by the company in reserve.

Tether, meanwhile, has attempted to pass off declarations from lawyers as legitimate audits.

Tether coins have also been linked by finance professor John Griffin and others to market manipulation of bitcoin and smaller cap cryptos.

According to the abstract of an oft-cited June 2018 paper by Griffin and grad student Amin Shams:

“Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies. The flow clusters below round prices, induces asymmetric auto-correlations in Bitcoin, and suggests incomplete Tether backing before month-ends. These patterns cannot be explained by investor demand proxies but are most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices.”

Tether, associated exchange Bitfinex and their parent company iFinex are all being investigated for fraud now by the Attorney General of New York.

Despite all this, tethers have remained popular in cryptomarkets, and the coins have reportedly supplanted bitcoins as the remittance currency of choice used by Chinese merchants selling wares to retail outlets in Moscow.

Tether’s creators may be migrating tethers off of OMNI, the network controlled by iFinex et al., in order to ensure they remain circulating no matter what happens at iFinex.

As well, for some unknown reason, in July, the world’s 7th largest and most-known crypto exchange, Binance, decided to stop supporting OMNI-based tethers in favour of tethers hosted on Ethereum.

USD tethers have been spreading onto other networks, including Liquid, for some time, but recent moves, particularly onto Ethereum, have been substantial.

According to another article at Trustnodes in July, “The number of Ethereum based USDT tokens has doubled in about a month from $600 million in June to now $1.2 billion ERC20 Tethers.”

As well:

USDT (on Ethereum) has increased by $1 billion to above $3.6 billion from the previous all time high of $2.8 billion in October.”

Tether et al. likely believe that Ethereum is a more “decentralized” network (one with more globally dispersed nodes that cannot be shut down by authorities in a single jurisdiction).

“In light of India potentially outright banning bitcoin and other cryptos,” Trustnodes writes, “code-based exchanges that automatically run on an unstoppable network might be the only somewhat convenient way of accessing crypto in the country.”

Trustnodes describes that process of trading crypto in jurisdictions under a ban as follows:

“The process here would start Over the Counter (OTC) by buying ERC20 USDT that can then easily be exchanged on dexes (decentralized exchanges) for any crypto, including Bitcoin which has been tokenized.”

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RIF Token Price Changed by 5.82 percent

The trading volume on CoinBene is 122529.00. RIF Token RIF/BTC on Bitfinex exchange is 0.14. The trading volume on Bitfinex is 106790.00.

As at 2019-09-14 average RIF Token price is 0.14284777 USD, 0.00001369 BTC, 0.00075786 ETH.

It’s noteworthy that is issued into circulation RIF Token.

RIF Token average change within 24 hour is 5.82 against USD, 4.34 against BTC, 1.72 against ETH. Weekly report: -2.42 against USD, -1.44 against BTC, -6.97 against ETH. Monthly report: 18.42 against USD, 16.13 against BTC, 17.41 against ETH.

RIF Token RIF/USDT on Bithumb Global exchange is 0.14. The trading volume on Bithumb Global is 2330125.00.

At the same time RIF Token RIF/USDT on MXC exchange is 0.14. The trading volume on MXC is 1163819.00.

RIF Token RIF/USDT on Hotbit exchange is 0.15. The trading volume on Hotbit is 92406.00.

RIF Token RIF/BTC on CoinBene exchange is 0.14. The trading volume on CoinBene is 122529.00.

RIF Token RIF/BTC on Bitfinex exchange is 0.14. The trading volume on Bitfinex is 106790.00.

In this regard, 24 hour trading volume is 3168927.39694040 USD or 303.69823809 BTC. At the same time RIF Token market capitalization is 69808046 USD or $6690 BTC.

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Bitcoin longs outperform shorts on Bitfinex but bullish signals were not identified

The drop was witnessed on Bitfinex and the total BTC shorts on the exchange was yet to recover some of its early year margins. Bitmex was the other …

According to a recent report, it was observed that the capital flowing against Bitcoin in terms of short trading declined severely over the last few months. The drop was witnessed on Bitfinex and the total BTC shorts on the exchange was yet to recover some of its early year margins.

Bitmex was the other exchange which entertained such form of trading, and the same scenario was seen on the exchange as well. Amount of capital placed on bitcoin longs is currently more than the amount placed on bitcoin shorts.

Source: datamish

According to datamish.com, an estimated $200 million worth of BTC [around 20,000 at current BTC prices] was placed on the short margin on Bitfinex which witnessed a major drop in May. Similar drops took place on a couple of occasions afterward and the final slump in July subsequently brought the total margin short below 5000 BTC.

It was believed that the nature of these buy-outs suggested exertion of a single user or a small organized group. The drops also did not occur during rapid price fluctuations as traders may have closed their trades intentionally after paying off losses or getting paid in gains.

The trade against Bitcoin shorts asserted a sense of bullish trend but interestingly the capital going out did not move into long position of Bitcoin. Investments in long positions exhibited progressive growth since July but the increment has been less than 10,000 BTC and it did not balance the estimated 20,000 BTC that came of the depleting BTC shorts.

At press time, the total margin longs on Bitfinex was 27.4K BTC and the total short margins were recorded to be 12.64K BTC. At current prices, over $300 million were bet on Bitcoin longs whereas less than $130 million were bet on Bitcoin shorts by traders.

Mark is a full-time member of the Editorial team of AMBCrypto. With his five-year experience as a business editor for one of the largest dailies in the US, Mark brings sanity and order to our editorial team. Mark is a business major and loves building automotive parts when he’s not working. Email him at mark@ambcrypto.com or editor@ambcrypto.com

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