Crypto News Weekly 31.08.18: Top crypto exchanges faking volumes

Top crypto exchanges faking volumes?

In a report published this week by the Blockchain Transparency Institute, it is claimed that up to 50% of the daily trade figures are false. The researchers go on to say that $6 billion of the CoinMarketCap-published $13 billion is generated by exchanges using wash and bot trading to boost their volumes. They accuse seven of the major crypto exchanges of using such practises.

At present they gave Binance, Bitfinex, and Coinbase a relatively clean bill of health, but at the opposite end of the scale, they accuse ZB exchange of boosting their volume by a 390 multiplier and LBank by 4400 times.

Operation Cryptosweep tops 200 investigations

Operation Cryptosweep, which is the coordinated efforts of American state regulators being led by The North American Securities Administrators Association (NASAA), has boasted of having over 200 ICO-related cases under investigation in their press update this week. Within the ongoing investigations, they talked about schemes falsely using pictures …

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