2022-12-29 18:46 |
A recent study by NBER revealed that users on unregulated crypto exchanges engage in wash trading. origin »
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An average of 70% transaction volume on unregulated exchanges are in wash trades. The statistic is part of a report recently released by the National Bureau of Economic Research (NBER). Incentives for exchanges include rankings and short term price movements.
2022-12-29 16:38 | |
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A Binance team found that "VIP" clients – those trading more than $100 million per month – were engaging in pump-and-dump schemes and wash trading, the Wall Street Journal said.
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop.
Wash trading, a deceptive practice in financial markets, has emerged as a pervasive concern within the decentralized cryptocurrency exchange (DEX) landscape, according to a recent report from Solidus Labs.
The researchers found that in some exchanges, the wash trading volume can go as high as 80%.
Fiji elects a pro-Bitcoin prime minister, signaling a positive future for Bitcoin adoption in the pacific island nation.
The daily bitcoin trading volumes come out into billions of dollars every day, with hundreds of thousands of daily transactions being carried out. It is one of the reasons why bitcoin draws the most investors, given such high trading volume and good depth across all exchanges.