Crypto Exchange Ranks (CER) outlines a case for Bitforex having generated fake volume; CER points out that trade volume on Bitforex, a relatively unknown exchange, has multiplied by almost 100x in recent weeks, and now stands at more than 10x that of established exchanges like Kraken and Kucoin, there’s its modest social media presence that includes less than 2,000 Twitter followers - Link
Update: Coinmarketcap responds to accusations of aiding wash trading; detailing its determination to clamp down on such behavior. It identifies three issues that have been brought to its attention: fee-free/transaction mining models, low fee models, and artificial volumes/wash trading - Link
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balwinderdev

 
Nasdaq is adding the Bitcoin Liquid Fund and Ethereum Liquid Fund to its list of 40,000 indexes; the two indexes are provided by Brave New Coin and list the most liquid prices available on the market. The indexes will be added by the end of the month - Link
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The Beam development team has announced plans to build a Lighting Network (LN) on top of the Beam state; the LN is a secondary layer application that allows for quick, cheap, and secure payments off-chain. Beam is working with Grin developers on the project - Link
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balwinderdev

 
The fifth largest bank in the world, Japan’s Mitsubishi UFJ Financial Group (MUFG), is launching a blockchain payment system in conjunction with the U.S.'s Akamai; dubbed the 'Global Open Network,' the system is expected to launch H1 2020 - Link
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Coinbase Wallet has added encrypted private key sharing with Google Drive and iCloud compatible with desktop and Apple or Android mobile phones; now, users can store encrypted copies of recovery phases on personal cloud accounts to both safeguard funds and provide relative accessibility - Link
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balwinderdev

 
Blockchain scanning and investigator Chainanalysis raised $30M in a series B fundraising round, bringing the total to $48M from their previous round last April; over 100 financial firms use the firm's services which saw a fourfold increase in revenue in 2018; the funds are expected to go towards a new facility in the UK and product development - Link
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