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Crypto Tim on Fake Volume News

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Published: 31 Mar 2019 › Updated: 31 Mar 2019Crypto Tim on Fake Volume News

Crypto Tim on Fake Volume News

I like Crypto Tim and his moderate tone. In one of his latest entries he disects the latest news about fake volume on various crypto exchanges:

Main take-aways

  • Wash trading on crypto exchanges is nothing new
  • Assumptions on the new platform are incoherent:
  • Trusted exchanges dont necessarily have 100% proper transactions
  • Not trusted exchanges do have a certain degree of proper transactions
  • Openmarketcap, has voting on legitimacy of exchanges as businee model, how does this result in significant ratings?

Have you been shocked by the rate of fake volume?

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Crypto enthusiast, explore the steem realm. Interested in finance, tech, culture and what moves the world. What's going on in Vienna?

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