The Bitgrin (XBG) network appears to have minted billions of tokens, despite a declared max supply limit of 21 million XBG. On June 4, leading cryptocurrency information website CoinMarketCap warned its followers about the anomaly on Twitter. The announcement reads: “Alert Issued: We have received reports that billions of XBG were minted despite having a max supply of 21M.” The alert is now also featured on CoinMarketCap’s dedicated BitGrin page. Interestingly, the page also notes that the coin was “launched on 31 Jan 2019 by an anonymous team of developers”. As of press time, market data showed that it appreciated …

Leading crypto data aggregator CoinMarketCap (CMC) has introduced new metrics ranking exchanges and market pairings based on a number of factors that are intended to reduce the impact of fake volume on the platform’s data. The changes build on others that were introduced recently that have proven controversial for benefiting CoinMarketcCap’s new parent company Binance. To flag suspicious volumes reported by exchanges, CoinMarketCap introduced its new ‘Confidence’ metric on May 29. The factor uses a machine-learning algorithm to examine all data ingested by CMC “to determine if the volumes reported by exchanges are inflated, and to what extent”. CoinMarketCap changes …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Why today’s weekly close is crucial to avoid $8,000s Not so long ago, the crypto community was abuzz with the expectation that Bitcoin was about to surge into five figures — dreaming dreams of a parabolic bull run. How things change. Right now, BTC is in a battle to stay in the $9,000s, and all …

For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at least that’s what some critics argue. One of the most remarkable crypto companies operating today is Binance. In only three short years, Binance has enjoyed a meteoric rise to the top. Criticism of Binance, philosophical or otherwise, can’t fail to take into account the impressive stream of innovation the firm seems to channel. Headed by Changpeng Zhao, the Twitter-happy CEO better known as CZ, …

Crypto data and research platform Messari has added 10 new exchanges to its “real volume” metric as part of a revamp of the methodology. The ranking is an attempt to rank exchanges without including any wash trading — which came about following the landmark Bitwise report that suggested 95% of volume was fake. The report identified ten exchanges with legitimate volume: Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex. This week’s methodology change has propelled Huobi, OKEx, Liquid, Bithumb and UPBit into the top 10 by volume. Binance continues to sit on top — which may …

CoinMarketCap has announced a new, iterative approach to provide credible exchange rankings following extensive community feedback and criticism. As part of an announcement made on May 13, the cryptocurrency price aggregator is set to implement the first of its newly outlined steps tomorrow, on May 22. The first step will be relatively minor as it removes the “adjusted volume” tab on each coin’s page. This was done to prevent any misunderstandings, as the metric simply excludes volumes from certain types of exchanges. Among these are derivatives exchanges, platforms with no transaction fees, or those using transaction mining. These tend to …

OkEx chief strategy officer, Alysa Xu, called out crypto data site CoinMarketCap, or CMC, for its recent exchange ranking rationale, proclaiming the platform dead. "Fairness and justice are the basis of all rankings," Xu said in a May 15 post on Chinese microblogging site Weibo. "CMC is dead, and we mourn together tonight." CoinMarketCap recently changed its ranking metrics Binance recently rose to the top of CMC's crypto exchange rankings after the data site changed the rationale by which it composed its list. CMC now shows exchanges ranked in order of web traffic, instead of liquidity or volume. Binance acquired …

Crypto markets data aggregator CoinMarketCap yesterday changed its methodology to rank exchanges on their web traffic by default — a metric that puts CoinMarketCap’s new owners Binance in the top spot. But this stands in stark contrast to the words of CoinMarketCap’s Chief Strategy Officer and acting CEO Carylyne Chan, who said in a podcast interview late last year that web traffic was “not a good indicator.” Introduced just six weeks after Binance bought CoinMarketCap for hundreds of millions of dollars, the new ranking methodology prioritizes web traffic over CMC’s painstakingly developed “liquidity metric,” which was only introduced in November …

CoinMarketCap released a report which indicates a 43.24% growth among female users in Q1 2020. According to the study, this is compared to a mere 15.5% increase seen in Q4 2019. 18-24 year old rose 65%, with the continents of the Americas and Europe experiencing more than 50% growth. The research highlights an average of more than 80% in growth within some countries throughout Latin America, Europe, and Asia. Greece taking the lead in the global statistics Argentina leads throughout in Latin America. They experienced a growth of over 98.23%, followed by Colombia with 82.03%, and Venezuela with 80.23%. Greece …

Following Binance’s acquisition of CoinMarketCap, we have some great news for Changpeng Zhao: the silver medal is still worth winning. To celebrate the seventh anniversary of the platform’s launch, CoinMarketCap invited crypto industry participants to ‘roast them’ today. And we’re happy to oblige. @Cointelegraph: Since your writers never create any original content, wanna try your hand at being creative for once and roast us? #RoastCMC — CoinMarketCap (@CoinMarketCap) May 1, 2020 We reviewed the numbers with Jonathan Chu, VP of Product at Blockfolio, to find out if CZ really bought the ‘top of the funnel’ — and at least one …

CoinMarketCap, which recently became a Binance company, released a report on Q1 crypto market performance, as seen from its perspective. One of the more interesting details is the significant decrease in users from China. As revealed by the report, published on April 30, China fell from 13th to 24th position in the country rankings by page views. A less dramatic but sizable decrease was also seen from South Korean users, who fell by 3 positions to the 19th place. Furthermore, CoinMarketCap noted that the decrease largely occurred in the period between Jan 14 and 25, after which its ranking remained …

Following Binance’s recent acquisition of CoinMarketCap, the exchange’s CEO and founder, Changpeng Zhao (CZ), has asked the crypto community what changes they would like to see made to the popular and controversial crypto market data aggregator. The community polling comes amid a skeptical reaction to the rumored $400 million acquisition from the crypto-sphere at large, with many expressing concerns regarding Binance’s growing power and presence within the digital currency industry. Zhao requests community feedback on CMC changes On April 22, CZ took to Twitter to ask the crypto community what changes it would like to see made to CoinMarketCap: “Listen-to-community …