Cindicator CND

Market Cap $ 22.432 MM (#154)
24h Volume $ 157.281 K
Chg. 24h: 0.94%
Algo. score 3.7/5  (#44)
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Cindicator News

Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC

CoinSpeaker Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC Just recently, the whole crypto community has been actively discussing XRP listing on Coinbase. It was a milestone for both of them which has resulted in disputes whether there were no Coinbase’s listing rules violations due to the controversial nature of the relations between Ripple and XRP. Though Ripple is doing its best to convince the audience that XRP is not a security and it’s not centralized, there are still a lot of doubts from the side of the industry’s participants and players. XRP on Huobi OTC Nevertheless, XRP is moving forward. As it has been announced, the coin has recently joined Bitcoin, Ethereum, Tether, Eos and Huobi Token in the list of digital assets supported by Huobi’s over-the-counter (OTC) trading platform. This update is said to be available to the platform’s users in 24 different world’s currencies, the list of which includes USD, GBP, CND, CAD, EUR and others. The maker fee will be different for different currencies. As for the taker fee, it is set at 0%. Speaking about their new move, Livio Weng, the CEO of Huobi Global, stated: “In addition to serving as Huobi Global’s main onramp, Huobi OTC is also our main platform for users who prefer peer-to-peer trading. It is very important for our overall trading system. The addition of Ripple is a big step forward in expanding our already extensive offering here.” Of course, Mr. Weng meant to say XRP instead of Ripple in this very context, nevertheless, it’s quite a common case for these two notions to be misused. The main aim of the peer-to-peer OTC wing of China-based crypto exchange Huobi is to provide a reliable link between digital assets and fiat currencies. Also, it functions as an escrow to those who place buy or sell ads on the platform and then carry out transactions exchanging crypto and fiat currency. As for Huobi Global itself, it is the world’s eighth largest crypto exchange by trading volumes and it makes a huge contribution to the growth of XRP. The share of Huobi Global exchange in XRP trading globally accounts for 5.729% and the exchange contributes over $20.733 million worth of trading volume for XRP through the offered trading pairs: XRP/USDT, XRP/BTC, XRP/HT. XRP Performance In February, when it was announced that XRP had been listed on Coinbase, it was expected that this news would boost the liquidity of XRP by manifold times. Quite soon, the price of XRP increased by more than 10%. Nevertheless, the growth didn’t last long. Now it is ranked third in the list of major cryptocurrencies with a market capitalization of $12.979 bln. It is traded for $ 0.31 and has gained 0.32% over the last 24 hours. But even these not very positive changes in its price despite all the recent achievements do not make XRP community lose hope for the bright future. Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC

16 days ago

XRP: Huobi Global Exchange to go live with XRP OTC

Huobi Global exchange announced on Twitter that XRP OTC will soon be available for its users. This is yet another step forward for Ripple’s XRP this year, after it was recently listed on Coinbase Pro. Huobi Global’s tweet on 5 March, 2019 read, “#Huobi OTC #announcement is now here! $XRP @Ripple will launch on #Huobi #OTC at 10:00 6 March. Details here: @bgarlinghouse #Ripple” The OTC update will be available and accessible to users in 24 different currencies across the world, including USD, GBP, CND, CAD, EUR etc., with the maker fee varying for different currencies. The taker fee however, will be set at 0%. The OTC feature is scheduled to go live on March 6, 2019, at 10:00 [GMT +8]. Huobi Global exchange already accounts for 5.729% of the total XRP traded globally. It ranks eighth on the CoinMarketCap list and contributes more than $20.733 million worth of trading volume for XRP via trading pairs XRP/USDT, XRP/BTC, XRP/HT. Source: XRP Charts A Twitter user, @GAFO666 replied to Huobi’s announcement saying, “Nice but wrong logo, you show the company logo of Ripple, not the logo of XRP” @GermanCryptoGuy, a Twitter user commented, “Don’t sell it OTC. Sell it through the market, then everyone will benefit. :-)” @jaredandresonRE, another Twitter user replied, “Everyone benefits when its sold via OTC as well. Just takes longer to see. The more XRP that gets distributed the better.” Ripple has been working continuously to achieve its dreams of making global payment settlements easier via their proprietary technologies including xRapid, xVia, and xCurrent. xRapid leverages XRP, a fan favorite among the community and it is speculated that with the OTC update, wider distribution of XRP will provide more liquidity to the cryptocurrency. The post XRP: Huobi Global Exchange to go live with XRP OTC appeared first on AMBCrypto.

17 days ago

Cindicator (CND) Partners with South Korean Exchange GOPAX in Forecasting Challenge

Cindicator (CND), the tokenized fintech company and crowd forecasting platform, recently partnered with the South Korean cryptocurrency exchange GOPAX in an effort to provide deep research coverage of the Korean market. The two have launched an open competition for all South Korean residents in an effort to find top analysts and generate new data. The open challenge will last from February 18th to March 11th and the forecasts generated will be enhanced and analyzed using Cindicator’s machine learning algorithms to create predictive indicators and research reports about the Korean market. (JF)

a month ago

Cindicator partners with Korean exchange GOPAX for open forecasting challenge

Cindicator, t tokenized fintech company and GOPAX, a popular South Korean crypto exchange, have announced a partnership to provide deep research coverage of the Korean market. To find top analysts and generate new data, Cindicator and GOPAX have launched an open competition for all South...Source

a month ago

CFTC: Taking It Slow With Ethereum Futures

It’s been a year since the CFTC gave a regulatory green light for bitcoin futures and ether futures could be next. But this time around, the agency is taking its time, as evidenced by a recent request for input on the third biggest cryptocurrency based on market cap to learn what sets it apart from bitcoin. Regulators are exploring new derivatives contracts after the SEC suggested that they would not seek enforcement against Ethereum. Kevin Murcko, who is at the helm of crypto exchange CoinMetro, stated: It was only a matter of time before the CFTC made its own judgement as it has jurisdiction over both futures and commodities - the only two options under which crypto assets, not akin to securities, can be classified. Some say the CFTC rushed in with BTC futures and others believe they moved too slowly. But, what appears to be a more cautious approach to ETH futures could be a blessing in disguise for the Ethereum community. The CFTC’s decision to approve an easy bitcoin shorting mechanism was followed by a highly volatile BTC price and massive declines. While bitcoin futures are helping to create a more mature market, there has been a short-term shakeout that has come as a surprise. Whether or not the ETH price could withstand the same type of derivatives-infused shorting coupled with the volatility that expiration dates introduce, however, is another question. Despite the fact that the ETH price could use a catalyst or two right now, the CFTC, which oversees the commodity futures market, may be doing Ethereum a favor by taking its sweet time. Since BTC futures launched on the Cboe and CME a year ago, it’s been nothing but trouble for the bitcoin price. The regulated derivatives contracts make it easier for institutions to trade bitcoin, but that includes taking both long and short positions. The Federal Bank of San Francisco believes there is a link, publishing an economic letter earlier this year that stated: “[The] launch of bitcoin futures allowed pessimists to enter the market, which contributed to the reversal of the bitcoin price dynamics.” Meanwhile, a recent report by Cindicator suggests otherwise. Researchers compared trading volumes in the OTC market with crypto exchanges and bitcoin futures, determining: “Bitcoins are traded mostly on crypto exchanges and futures prices have a minor impact on price development.” The Cindicator team took it a step further by examining the bitcoin price around futures expiration dates considering “arbitrageurs trying to gain from differences between futures and spot prices that can be produced by lower liquidity and/or differing demand-supply dynamics of futures and spot investors in the short term.” Ultimately their research determined that there is “no solid basis” for the notion that bitcoin price trade movements are buttressed by futures expiration, but they admit it’s worth exploring again once futures volume more closely resembles that of the OTC market. CoinMetro’s Murcko believes the CFTC’s request for more information is a positive sign for Ethereum. The long-term impact of this consultation, for the entire crypto market, is positive too. Grey markets often struggle to expand, so proper frameworks and classifications from the CFTC will help to bring institutional money to the table and enable traditional fiat gateways, which can expand the retail side of the market and facilitate mainstream adoption of crypto. CFTC Observes Dissension In The Ethereum Community In its request for public comments and feedback on “Ether and its use on the Ethereum Network,” the CFTC is giving the ETH community two months to respond, so there won’t be any new crypto futures products in’ Christmas stockings this year. Regulators have some issues to sort out, not the least of which is the potential for disagreements in the ether community surrounding the shift to a proof-of-stake consensus. A group of developers has assured regulators in a prepared response that “wanting to stay on proof of work is not something actively discussed.” In fact, the Constantinople upgrade now has a date of January 2019, which has removed some of the uncertainty surrounding the hard fork and given the community reason to band together. The CFTC also wants to know about any “intermediary conduct that has occurred in the international Ether derivative markets that raise market risks or challenges.” Ethereum developers didn’t hold back, pointing to the BitMEX exchange, whose CEO hasn’t been especially kind to ETH, and which is behind an ETHUSD perpetual swap product for taking long or short positions in ETH. The devs responded: The off-shore exchange BitMex, incorporated in the Seychelles, has engaged in market manipulation through its proprietary trading desk that has direct advantages over customer traders. The next event for bitcoin futures trading will begin when the regulated Bakkt exchange launches, currently expected in early 2019. Bakkt already revealed that it will consid

3 months ago

Report: South Korea Will Play a Significant Role in Crypto Adoption

According to a report by Cindicator, South Korea will play an essential role in crypto adoption. The firm came to this conclusion after reviewing existing data on exchange volumes, recent economic history, regulation, and trends. Per the report, South Koreans account for nearly 30% of crypto trading globally. Additionally, Korean crypto exchanges Bithumb and Coinone recently unveiled that they are working on blockchain-based payment services to alleviate money transfers globally. The country’s government also announced 1 trillion won ($880 million) to spend on enhancing the blockchain. This move shows that South Korea is preparing to create a suitable climate for the blockchain and crypto legitimization. (KE)

3 months ago

How Bitcoin Could Have Become Immune to the Effects of Expiring BTC Futures Contracts

Active cryptocurrency traders had assumed that with yesterday’s expiration of Bitcoin Futures Contracts by the CME Group, the price of BTC would experience a spike in value; and in the positive direction. At first, the social media chats on Telegram and Twitter were debating as to the exact timing of the expiration of the futures contracts. There was one camp that was without a doubt sure that the expiration was at 4pm London Time. There was also the other camp that was certain it was 22:000 UTC: six hours later. The CME Group clearly states that settlement is at 4pm as can be seen in the following excerpt from the firm’s frequently asked questions page. Termination of trading: Last Day of Trading is the last Friday of contract month. Trading in expiring futures terminates at 4:00 p.m. London time on Last Day of Trading. Perhaps the team at CME Group needs to clarify again on the exact timing given that this faqs page was last updated on the 15th of December 2017. Bitcoin’s Price No Longer Correlated to Futures Expiration Dates Keen observers of the price of BTC during the two expected times quoted above noted that there was no movement of Bitcoin in the preferred upward direction. The price of BTC is still at the $4,000 levels witness early last week. Bitcoin’s value has been oscillating between the $3,600 and $4,400 price range since November 25th. Back in late October, a research report emerged that debunked the theory that the price of Bitcoin was affected by expiring futures contracts by both the CME Group and CBOE. The report was by the Cindicator fintech company that builds predictive analytics by merging collective intelligence and machine learning models. The said report had been prepared by the firm’s analytical team and quant researchers. Simon Keusen, Head of Analytics at Cindicator, explained that there was no clear cut golden rule for trading based on the futures expiration dates. Looking at past movements of Bitcoin’s price, we can see that there is no golden rule for trading based on futures expiration dates. Overall market trends can influence Bitcoin prices in a much stronger way. Our conclusions from this research are a good representation of the overall value we seek to provide to crypto investors by presenting different reasons for why certain market movements might happen and encouraging research and the use of analytical tools. The report (available online) went on to conclued that there was no exact correlation between the expiration of BTC futures contracts and the price of the digital asset. Evidence of this can be seen only hours ago when we failed to see a spike in value at the expected times of 4pm London time and 22:00 UTC. What are your thoughts on the effect of expiring Bitcoin futures contracts on the price of BTC? Is it a good fact to know as you trade around the time periods they expire or should we ignore them henceforth? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post How Bitcoin Could Have Become Immune to the Effects of Expiring BTC Futures Contracts appeared first on Ethereum World News.

4 months ago

Token asset management company Cindicator expands to South Korea

CryptoNinjas Cindicator, a tokenized fintech company developing Hybrid Intelligence (human + artificial intelligence) for effective asset management, announced today the localization of all its products for the South Korean market. The South Korean community is... Token asset management company Cindicator expands to South Korea

4 months ago

Triangular Arbitrage Today: Easy Profits of up to 17%

In the world of triangular cryptocurrency arbitrage, big profits are relatively easy to achieve. That will only happen if all involved exchanges and currencies offer major liquidity, which is not always a guarantee. The following six options stand out today, as significant profits are waiting to be secured. MANA (Bittrex / CoinDelta / Bitbns) One of the more appealing triangular arbitrage opportunities today comes in the form of MANA. This altcoin can be purchased on CoinDelta with Indian Rupee at a relatively low price. Transferring these funds to Bittrex for a conversion to LOOM allows users to sell the second currency on BitBns for a healthy profit. If successful, gains of roughly 15% are not out of reach by any means. ZRX (Binance / Livecoin / Bitfinex) Whenever a triangular arbitrage opportunity presents itself, one has to look at the exchanges involved. In the case of ZRX, there are several key exchanges involved. Buying ZRX with US Dollars on Livecoin and converting them to CND on Binance is the first leg of the journey. Combined with selling the CND on Bitfinex, traders can achieve profits of roughly 12-13%. EMC (Bittrex / LiveCoin / BitBns) The arbitrage opportunity for EMC is very similar to that of MANA. It requires users to buy EMC on Livecoin and convert it to Loom on Bittrex. That LOOM balance can then be sold on BitBns for a total profit of nearly 11%. All of this will depend on overall liquidity, though, which is always difficult to predict first and foremost. CMT (Binance/ OKEx / Bitfinex) Another opportunity involving only bigger exchanges comes in the form of CMT. Buying this altcoin on OKEX and converting it to CND on Binance is a great opportunity to score some profits. Especially when selling that CND balance on Bitfinex, as that will allow for a total profit of roughly 8% with very little effort involved. QTUM (Bittrex / CoinDelta / Bitbns) It doesn’t happen all that often QTUM arbitrage opportunities arise, even though this altcoin isn’t more stable than others by any means. Buying QTUM with Indian Rupees on CoinDelta allows users to sell them on Bittrex and convert it to LOOM. These LOOM balances can then be sold on BitBns for profits of 15% or slightly more. BCH (Cryptopia / Kraken / KuCoin) It is another Bitcoin Cash arbitrage opportunity, albeit one that involves a bit more work. Users need to buy BCH with Bitcoin on Kraken and send it to Cryptopia for conversion to HST. These HST tokens can then be sold on KuCoin for a net profit of 17%. A very appealing opportunity, as it represents very easy money first and foremost. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Triangular Arbitrage Today: Easy Profits of up to 17% appeared first on NullTX.

5 months ago

Cindicator debunks belief in correlation between bitcoin (BTC) futures expiry and price drops

CryptoNinjas Cindicator, a company which develops predictive Hybrid Intelligence (human + artificial intelligence) for effective asset management, today published a report “Bitcoin Futures: Market Evolution,” a new analysis of the emerging market for bitcoin (BTC) futures. For this... Cindicator debunks belief in correlation between bitcoin (BTC) futures expiry and price drops

5 months ago

Bitcoin Price Isn’t Correlated To Futures Expiration, Research Shows

Cindicator research group recently did a study to determine the correlation between bitcoin’s price and the close of CBOE & CME futures contracts. This study found that as of today, there is no clear relationship between the two.

5 months ago

Cindicator Researches Correlation Between Bitcoin Futures and BTC Price Movements

Cindicator, a US-based fintech company that develops hybrid intelligence (human + artificial intelligence) for effective asset management, released on Oct. 18 a report called “Bitcoin Futures: Market Evolution.” The Study’s Objectives The study investigates whether there is a correlation between the price movements of Bitcoin and Bitcoin futures after their launch on CBOE and CME last year. It consists of two parts: the first one conducts an analysis of the Bitcoin (BTC) trading volumes on the most popular crypto exchanges and the volumes of Bitcoin futures. The second part is focused on Bitcoin price movements around futures expiry dates, attempting to identify evidence of recurring market behavior and patterns during that period. Prior to its launch, the crypto community was particularly torn about the implications that Bitcoin futures would have on the digital currency’s price volatility and, eventually, its growth toward mainstream adoption. Bitcoin futures would provide the regulated environment that institutional investors seek, in order to invest in crypto assets that are generally surrounded by uncertainty. After a thorough look at the volume data, however, Cindicator’s study found that futures are still not a common instrument of exposure in cryptocurrencies, and it speculates that institutional investors may be ignoring the risks and invest in cryptocurrency exchanges directly. Study Concludes - No Concrete Evidence of Correlation After a detailed month-by-month analysis since the Bitcoin futures’ inception, Cindicator came to the following conclusions: Market trends and technical levels can be significantly more impactful on Bitcoin’s price in respect to the price movements near futures expiration dates. There is no tangible evidence that Bitcoin’s price always dumped before futures expiries and pumped right after. It could be valid to take it under consideration when outlining trading strategies during specific market phases, though opening or closing positions based on these price movements in fast market phases have proved to be ineffective. The bearish trend and lowered volatility on Bitcoin trading could attract more institutional investors. Therefore, increasing popularity may change the importance of rolling futures and their impact on Bitcoin’s price movements. This analysis should be reconsidered when futures and over-the-counter trading volumes start to converge. Simon Keusen, head of analytics at Cindicator, said: “Looking at the past movements of Bitcoin’s price, we can see that there is no golden rule for trading based on futures expiration dates. The overall market trends can influence Bitcoin prices in a much stronger way. Our conclusions from this research are a good representation of the overall value we seek to provide to crypto investors by presenting different reasons for why certain market movements might happen and encouraging doing research and using analytical tools.” Cindicator’s hybrid intelligence platform provides forecasts on crypto and traditional markets based on a wide set of machine-learning models and neural networks. It is aimed at improving investment decisions by utilizing predicting analytics and sentiments as a result of the symbiosis of humans and artificial intelligence. Cindicator Researches Correlation Between Bitcoin Futures and BTC Price Movements was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

5 months ago

Guide: How To Buy Cindicator On Binance

[Updated October 2018] — Major cryptocurrencies, such as Bitcoin, XRP, Bitcoin Cash and Litecoin receive the most attention when it comes to crypto investing, but there are many smaller coins worth... Continue reading "Guide: How To Buy Cindicator On Binance"...

5 months ago

Research Shows That Bitcoin Price is Not Correlated with Expiring Futures Contracts

According to a study titled ‘Bitcoin Futures: Market Evolution,’ released by Cindicator (CND), the idea held by many that bitcoin price drops just before the cryptocurrency futures contracts expire is not supported by the facts. While analysis did show some correlation back in January after the futures markets had just launched and the first contracts come up for expiration, since that time the effect of the futures market on the price of bitcoin has become less and less relevant, despite an increase in the number of futures contracts. (JF)

5 months ago

Bitcoin Price Not Correlated to Futures Expiration Dates: Research

The common idea that the bitcoin price drops just before the cryptocurrency futures contracts expire has no solid basis, a new study published by Cindicator suggests. The report, titled Bitcoin Futures: Market Evolution, studied bitcoin volumes on futures and spot cryptocurrency exchanges to get an idea about the liquidity and development of the holistic trading market....

5 months ago

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