The true size of the cryptocurrency market may be as little as 5 percent of its officially reported total. Coinmarketcap (CMC), the leading market data website, has been accused of unquestioningly publishing crypto exchange figures, despite compelling evidence of manipulation by many trading venues including a glut of Asian platforms. Now, a number of market […]
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Rumors, allegations, and assertions can all be found in today’s news roundup. Specifically, we have rumors of impending trouble with Tether, allegations of another Chinese exchange conjuring up fake volume, and assertions that Bitcoin and blockchain’s mass adoption is “inevitable”. We’ll reveal who made that bold claim, as well as substantiating the others, in this […]
You might not have traded on Fcoin or Bitforex, but you’ve probably heard their names mentioned in crypto trading circles. These exchanges are at the forefront of a relatively new business model known as transaction fee – or trans-fee – mining. While innovative, the token model deployed by these platforms is not without its controversies. […]
Coinmarketcap (CMC), the web’s most popular cryptocurrency tracker website, has responded to accusations that it is implicit in supporting wash trading. This week, a platform called Crypto Exchange Ranks published detailed allegations of how CMC incentivizes exchanges to report fake volume. In a new blog post, Coinmarketcap has detailed its determination to support “transparency and […]
Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published a report in which it accuses Bitforex of creating fake volume and Coinmarketcap (CMC) of […]
May was a bumper month for bitcoin cash and ethereum. Both digital assets saw a major increase in global trading volume compared to the month prior. BTC held steady, averaging $200 billion a month, but ripple didn’t fare so well, recording trading volume that was down 86% since January, mirroring its decline in price. Also […]
In the last 24 hours, $7 billion worth of bitcoin (BTC) was traded globally. That’s according to data provided by Coinmarketcap, the industry’s go-to aggregator of cryptocurrency data. Not everyone agrees with that figure however. “Honest Coinmarketcap” is a new project that aims to set the record straight and do away with inflated trade volumes. […]