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Ashley Cole

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  1. Damning statistics from yesterday's (October 23rd) trading appears to show Binance, the world’s largest exchange, partaking in wash trading. The past month or so has been a volatile time for Bitcoin’s price and as such the trading volumes. Bitcoin has fallen dramatically, most notably on the 25th of September and there was another drop in price on October 23rd at around 12:40pm UTC. With volatile markets like this, exchanges usually see a reflection of this in their statistics. For example, OkEx saw its BTC spot price decline by 5% within the initial 4 minutes session on October 23rd and the quarterly Futures contract, dumped by 6.2% during the same time window. OkEx was not special in terms of these dumps, most other derivative exchanges like Huobi and Bitmex also saw similar statistics. However, Binance, an exchange known for spot trading, did not see a similar drop. Binance had an insurance fund over 10mn USD (as of 23 Oct 2019) and their latest daily trading volume passed 0.8bn USD. Now Changpeng Zhao and other Binance supporters may say that their strategy and a bit of luck could set them apart from the other exchanges. However, a closer look at their data in comparison to other major exchanges reveals some potentially damning evidence. The evidence As previously mentioned, exchanges usually see a shift in trading volume when the market is volatile. As the figures show below, OkEx, Bitmex and Huobis trading figures for the price drop on the 25th September and 23rd October illustrate this. OKEX Bitmex Huobi However, Binance figures for the dates of Bitcoin price drops the trading differential is not as stark. This is most noticeable on the October 23rd date. Binance Certainly this is a little troubling, especially when you consider that one plausible reason for this is wash trading. The evidence only increases when you look at the data for a 4 hour period. BitMex Huobi OKex As you can see the statistic in terms of Bitcoin traded remains largely similar between Bitmex (30K-100K), Huobi (20K-70K) and OkEx (20K-80K). Yet for Binance it is eerily stable and is much lower, staying at just 5K. The pattern is also different to the other three exchanges. Coincidence? I think not. The damning statistics don’t end there, a closer look at order book depth also reveals some issues. As the figure below shows, BitMex had a quote size around 100 BTC on average ( [bid size + ask size] / 2), OKEx around 60 BTC while Binance was merely less than 2.5 BTC. Yet peculiarly, when OkEx and Binances futures trading volume was looked at, Binance had the greater amount. How can their order book be less, but their trading volume higher? For many this would be a clear indication that Binance had washed some trading off the books. Conclusion I suppose we will have to wait and see what the Blockchain transparency institute (BTI), the one who listed a number of exchanges but not Binance have to say about this matter. Although, their track record is less than perfect too, with undeclared funding and dubious research, so you shouldn’t hold your breath on any clear or trustworthy response.
  2. I am not surprised, the people handling Binance have never shown any level of intelligence and that explains why they keep messing everything up for everyone.
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  9. You don’t need to put time into commission kind of thing, as we need to be more serious about stuff. That is exactly why I prefer investing on the upcoming ICOs, as they carry far more potential. And, it is seriously pleasing to invest in Sphere. As they are amongst the BEST ICO right now. It’s near the takeoff (launch), so investment with them at present stage is absolutely mind boggling and can be highly rewarding for all parties involved.
  10. It is important to have total awareness about Bitcoin and the whole concept of it. Because without that it is not possible to go anywhere in this field. I have invested in the upcoming ICOs that got huge potential. And, it is great for me with Exsulcoin, as it’s absolutely amazing with their concept that is epic for the whole humanity due to base on Blockchain technology platform for refugee-led projects, which is just so amazing for the whole world.
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  13. There are many ICOs that come and even go, it is all without any major impact, but now Qash has arrived! They not only are making a huge impact, but also promises to be revolutionary with their liquidity platform that aims to grow the cryptocurrency economy into a global, mainstream ecosystem. It is what makes this so special and is one of the most loved ICO. The major comfort is that they are licensed by Japan FSA, so is absolutely safe and secure! Quoine is launching a single globally-sourced trading platform (World Book) with an associated suite of services (Prime Brokerage) that brings together the entire global network of cryptocurrency exchanges to enable the highest level of liquidity to all markets! Now is the time to join in before it’s too late, they are to go live on 11/6/2017, so get in with this code 28yRFND156815 to get 20% bonus. Thank me later!
  14. Well, I am not against social cause but you got to be wise that charity is good but not for investment. I prefer genuine option and DFS (DigitalFantasySports) is just that. As they are FIRST ever Ethereum Blockchain based sports fantasy sport with their tokens to be playable and easily exchangeable within the fantasy sports world. And, they will host unique Fantasy Sports competitions on a daily basis allowing for individuals to exchange their winnings for other crypto investments.
  15. It is not about FIRST, it is about BEST and to me, and it is pretty much straight forward. BitConnect is amongst the HOTTEST option right now and there are so many benefits that one can have through it. They have sort of system that is better than bank with one able to get up to 120% returns per year through holding it and that’s by their shaking option!
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