Wall Street Shenanigans: Rampant Trading Bots are Exploiting Crypto Exchanges

2019-4-16 17:06

By CCN. com: Cryptos’ attempts to distance and differentiate itself from traditional financial markets has taken another knock. This follows revelations that trading manipulation using high-frequency bots is rampant on decentralized exchanges (DEX) by researchers at Cornell Tech.

In a paper titled ‘Flash Boys 2. 0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges’, the researchers have argued that despite the promise of blockchain technology being to bring about trading ecosystems that are fair and transparent, this has not been achieved due to the growing deployment of arbitrage trading bots: “Like high-frequency traders on Wall Street, these bots exploit inefficiencies in

The post Wall Street Shenanigans: Rampant Trading Bots are Exploiting Crypto Exchanges appeared first on CCN

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Bitcoin (BTC) Fractal Analysis Shows Bots Still Dominate The Market

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2018-8-9 21:30