Top Five Crypto Events of the Week

Top Five Crypto Events of the Week

crypto events

Several events were reported in the just concluded week, however, only the top five will be highlighted below.

87% of Crypto Exchanges Are Giving False Volume

According to a recent report, a study has revealed that about 87% of virtual currency exchanges are reporting false trade volumes. A study of the top 100 cryptocurrency exchanges in the world carried out by an analytics company called The Tie shows that the majority of trading volumes on the world’s largest crypto trading platforms are fake.

BCH Now Supported By American Electronics Giant

Based on a recent report, a technology solutions company based in Phoenix, Arizona called Avnet (Nasdaq: AVT) now accepts virtual currency via Bitpay as a form of payment for products and services which it provides.

10 Virtual Currencies Now Being Accepted By The Largest Online Retailer In Switzerland

A recent report has revealed that customers who purchase items from Digitec Galaxus, the largest online retailer in Switzerland can now choose any of the 10 virtual currencies which the exchange supports for payment. These include BCH, BNB, BTC, OMG, XRP, ETH, and TRX. One of the stores specializes in consumer electronics while the other one sells everyday needs.

Popular Crypto Website Launches Two Virtual Currency Indices

Also, a cryptocurrency price index and one of the most popular crypto websites by traffic volume, CoinMarketCap has recently made it known that it has launched two cryptocurrency indices on Bloomberg Terminal, Nasdaq Global Index Data Service, as well as Thomson Reuters Eikon and Börse Stuttgart. According to the statement released by the company, the indices will be calculated by Solactive which is an index provider in Germany.

World’s Biggest Crypto Exchange to Expand Trading Opportunities By Offering Margin Trades

Recently, a Redditor who goes by the handle ‘enriquejr99’ reported that Binance has added margin trade features to its API. This is in its bid to expand its trading opportunities.