Category: wash trading

Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades

Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash TradesPolice in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. Police accuse the exchange’s owner […]

The post Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades appeared first on Bitcoin News.

Continue Reading

Canadian Regulator Accuses Coinsquare of Market Manipulation With Wash Trades Worth 590K BTC

Candian Regulator Accuses Coinsquare of Market Manipulation With 590K BTC Wash TradesThe Ontario Securities Commission has started a proceeding against cryptocurrency exchange Coinsquare and its executives. The Canadian regulator has accused the company of market manipulation, with 840,000 wash trades worth approximately 590,000 bitcoins, representing 90% of the exchange’s reported trading volume. The OSC Takes Action Against Coinsquare The Ontario Securities Commission (OSC) published on Thursday […]

The post Canadian Regulator Accuses Coinsquare of Market Manipulation With Wash Trades Worth 590K BTC appeared first on Bitcoin News.

Continue Reading

These Cryptocurrency Data Sites Aim to Be More Accurate Than Coinmarketcap

These Cryptocurrency Data Services Aim to Be More Accurate Than CoinmarketcapThe 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 […]

The post These Cryptocurrency Data Sites Aim to Be More Accurate Than Coinmarketcap appeared first on Bitcoin News.

Continue Reading

In the Daily: Token Delistings, Paybear Is Savvy, Revolut and Hackers

In the Daily: Token Delistings, Paybear is Savvy, Revolut and HackersIn this edition of The Daily, crypto exchange Upbit is preparing to delist four tokens, while several projects have accused Kucoin of suggesting market making services to pump their volume and avoid delisting. Also, crypto payment processor Paybear has rebranded to Savvy, and British online bank Revolut is hiring hackers to test its systems. Also […]

The post In the Daily: Token Delistings, Paybear Is Savvy, Revolut and Hackers appeared first on Bitcoin News.

Continue Reading

Officials at Top Korean Cryptocurrency Exchange Upbit Indicted for Fraud

Officials at South Korea’s largest cryptocurrency exchange, Upbit, have been indicted for fraud. They allegedly made bogus crypto orders worth approximately $226 billion and sold 11,550 BTC to around 26,000 investors. Upbit has denied the charges and insisted that it did not commit fraud, engage in wash trades, or trade cryptocurrencies it did not own. […]

The post Officials at Top Korean Cryptocurrency Exchange Upbit Indicted for Fraud appeared first on Bitcoin News.

Continue Reading

Bithumb Accused of Inflating Reported Trading Volume

Report Accuses Bithumb of Inflating Reported VolumeAn investigation conducted by Crypto Exchange Ranks (CER) has alleged that Bithumb, the largest Korean digital currency exchange by volume, has drastically inflated its reported trade volume during the second half of 2018. The report asserts that a number of irregular patterns identified in Bithumb’s trade activity suggest “apparent trade manipulations being performed.” Also Read: Former […]

The post Bithumb Accused of Inflating Reported Trading Volume appeared first on Bitcoin News.

Continue Reading

The Daily: Wall Street-Backed Crypto Futures, Market Manipulation as a Service

The Daily: Wall Street-Backed Crypto Futures, Market Manipulation as a ServiceCryptocurrency attracts a diverse crowd, from speculators to scammers, and from financiers to gamblers. These groups, and their often opposing aims, are what make the cryptoconomy such a strange yet compelling place. In today’s edition of The Daily, for instance, we’ve got stories pertaining to a Wall Street-funded futures exchange, another US platform ending its […]

The post The Daily: Wall Street-Backed Crypto Futures, Market Manipulation as a Service appeared first on Bitcoin News.

Continue Reading

Coinmarketcap Responds to Accusations of Aiding Wash Trading

Coinmarketcap Responds to Accusations of Aiding Wash TradingCoinmarketcap (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 […]

The post Coinmarketcap Responds to Accusations of Aiding Wash Trading appeared first on Bitcoin News.

Continue Reading

How Coinmarketcap Incentivizes Exchanges to Report Fake Volume

How Coinmarketcap Incentivizes Exchanges to Report Fake VolumeBitforex, 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 […]

The post How Coinmarketcap Incentivizes Exchanges to Report Fake Volume appeared first on Bitcoin News.

Continue Reading

Kraken Goes Savage Against Tether Manipulation Allegations

Kraken Goes Savage Against Tether Manipulation AllegationsFollowing a Bloomberg News expose, alleging market manipulation of controversial alternative token Tether (USDT) on its exchange, Kraken fires off a savage blog post mocking journalists and defending their business’ integrity. Also read: Red Flag Waved in Tether’s Relationship with Kraken Exchange Kraken Goes Savage On Bloomberg On Tether: Journalists Defy Logic, Raising Red Flags […]

The post Kraken Goes Savage Against Tether Manipulation Allegations appeared first on Bitcoin News.

Continue Reading

Red Flag Waved in Tether’s Relationship with Kraken Exchange

Red Flag Waved in Tether’s Relationship with Kraken ExchangeThis summer, over 50,000 trades on popular crypto exchange Kraken, concerning the very controversial alternative coin tether (USDT), were analyzed by journalists, an academic, and a former US Federal Reserve regulator. They describe activity monitored as highly unusual in that larger orders of tether failed “to sway prices much.” Red flags were raised due to […]

The post Red Flag Waved in Tether’s Relationship with Kraken Exchange appeared first on Bitcoin News.

Continue Reading

Bitcoin Cash and Ethereum Trading Volume Soars But Ripple Keeps Falling

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 […]

The post Bitcoin Cash and Ethereum Trading Volume Soars But Ripple Keeps Falling appeared first on Bitcoin News.

Continue Reading

US Justice Department Investigates Price Manipulation in Bitcoin Market

US Justice Department Investigates Price Manipulation in Bitcoin MarketHave you ever felt that someone is controlling the crypto markets, increasing prices to lure you in and crash it all as soon as you buy? Well, US authorities have apparently heard your whining because they are now reportedly suspicious manipulation is indeed occurring. Also Read: Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of […]

The post US Justice Department Investigates Price Manipulation in Bitcoin Market appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close