#CryptoCorner: US DOJ Probes #Crypto Market, German Stock Exchange Operator Working on #Bitcoin and #Coinbase Acquires Paradex and Announces Coinbase Pro
#CryptoCorner: US DOJ Probes #Crypto Market, German Stock
Exchange Operator Working on #Bitcoin and #Coinbase Acquires Paradex and
Announces Coinbase Pro
Point Roberts, WA, Delta BC – May 24, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/05241DOJGermanCoinbaseParadex.asp
US DOJ Probes Crypto Market, German Stock Exchange Operator Working on
Bitcoin and Coinbase Acquires Paradex and Announces Coinbase Pro
Bloomberg reports today that the U.S. Department of Justice (DOJ) has opened a
criminal investigation of price manipulation in the crypto space. In
cooperation with the Commodity Futures Trading Commission (CFTC), the probe is
concentrated on practices like spoofing and “flooding the market with fake
orders”
“The illicit tactics that the Justice Department is looking into
include spoofing and wash trading -- forms of cheating that regulators have
spent years trying to root out of futures and equities markets, the people
said. In spoofing, a trader submits a spate of orders and then cancels them
once prices move in a desired direction. Wash trades involve a cheater trading
with herself to give a false impression of market demand that lures other to
dive in too.”
Frankfurt-based German stock exchange operator
Deutsche Boerse is reportedly “deep at work” in consideration of offering cryptocurrency services
such as futures. Bloomberg quotes Deutsche Boerse head of clients Jeffrey
Tessler at an industry event in London recently:
““Before we move forward with anything like Bitcoin
we want to make sure we understand the underlying transaction which isn’t the
easiest thing to do,” Tessler said at an event in London organized by the
Association for Financial Markets in Europe. “We are deep at work with it,”
Tessler said, acknowledging that the group is “not at the same stage” as CME.”
Coinbase announced the launch of Coinbase Pro, and the acquisition of Paradex, a trade relay platform in blog posts yesterday.
Coinbase Pro is an improvement on GDAX, which was launched three years ago as a “product that would help institutions enter the crypto space”. The new service boast the following features:
Coinbase Pro is an improvement on GDAX, which was launched three years ago as a “product that would help institutions enter the crypto space”. The new service boast the following features:
●
All
transactions and balances from GDAX will automatically appear in Coinbase Pro
●
A completely
redesigned platform that will make the trading experience easier and more
intuitive
●
Simplified
deposit and withdrawal processes
●
Improved
charts that will allow customers to easily scroll and access historical data
●
A new
consolidated portfolio view called “My Wallets” that lets customers easily see
an overview of their account orders and balances
Sam Mowers Investorideas.com
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