Cryptocurrency exchange Bitstamp is now teaming up with Nasdaq-owned trading and clearing systems provider Cinnober. Through replacing its own technology with Cinnober’s, Bitstamp’s matching system will reportedly become 1,250x faster. This news comes in a recent blog post published by Bitstamp. More specifically, Cinnober will lend its ”TRADExpress Trading System” software stack to Bitstamp. The … Continue reading Bitstamp’s New Matching Engine Will Be 1250x Faster
The past few hours have seen a marked drop in the price of Bitcoin. As such, some of the gains experienced during the past few days have been offset. What’s more, this slight market turbulence has led some to question whether crypto will ever recover. Bitcoin suddenly dropped after days of gains May 17th saw … Continue reading Bitcoin Briefly Drops Below $7,200 – “Will Crypto Ever Recover?”
A fresh Bloomberg article is suggesting that the recent uptick in cryptocurrency market prices could be due to algorithmic trading. This comes as the cryptocurrency winter is showing signs of finally beginning to thaw. Algorithmic trading relies on automated software to identify trading opportunities According to this Bloomberg piece, which was published on April 3rd, … Continue reading Bloomberg Report Suggests Algorithmic Trading Caused Bitcoin’s Recent Price Surge
The last 24-hour period has seen bitcoin record its biggest gains this year so far and have prompted speculation on what could have prompted the price surge. As Toshi Times covered yesterday, at around 6am CET, bitcoin began to pump big time. After starting the day at around $4,100, by 8am it had hit $4,800. … Continue reading Bitcoin Pump: Could Mystery Order Be Responsible?