Much of Bitcoin trading data coming from exchanges is fake, according to Forbes
Due to the lack of regulation and any standards of reporting, there have been big concerns about how accurate is the data provided by crypto exchanges. Now, Forbes says that most of it is “fake”.Pax made a research of 157 crypto trading venues, the article does not name any of them, though. His analysis showed that more than 50 percent of allThe analyst refers to the figures of BTC trading volume. On June 14 it constituted $128 billion by his estimates.
According to the research, smaller and the least famous exchanges in the crypto market take to this method of promoting themselves. Their volumes are 80-99 percent smaller than they prefer to report.The second explanation is called “wash trading”. This is when whales open and then right away close positions. Large traders use this illegal technique to make it look like there is a high demand in the markets in order to manipulate the latter.
While, the research made by Forbes is related only to Bitcoin, it is not hard to imagine what is happening with small-cap cryptocurrencies when exchanges report trading volumes on those.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Treasury yields hold near recent highs as traders eye U.S. jobs reportTreasury yields hold near recent highs Thursday as traders wait for the U.S. August jobs data at the end of the week.
続きを読む »
Chicago police issues alert of recent armed robberies in River North, West LoopChicago police are warning residents of armed robberies in the River North and West Loop neighborhoods..
続きを読む »
Forbes America's Top Colleges List 2022: Top 25 Highest EarningsForbes puts a high premium on graduates earnings—median alumni salaries make up a fifth of our rankings model. The 25 colleges with the highest-paid graduates include a mix of STEM-focused technical colleges, small private institutions, Ivy League universities and public colleges.Read on to find out more.
続きを読む »
White House Correspondent the Most Recent High-Profile Departure at CNNHarwood, apparently knowing that this was his last day, took the opportunity to deliver a parting message on CNN Friday morning.
続きを読む »
New York Gun Law Takes Effect, Banning Concealed Weapons in Public SpacesA new gun law went into effect in New York today, banning concealed carry of weapons in public spaces such as Times Square. See potential bias and similarities in coverage from FoxNews, guardian, and Forbes: newyork TimesSquare
続きを読む »
Why SF has been inundated with Illinois advertisementsAds for the state of Illinois have popped up around the city in recent months.
続きを読む »