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2024-08-19 22:19:24

David W. Jones on Nostr: Cryptocurrency is fraud. Self-dealing has a long history on crypto exchanges: ...

Cryptocurrency is fraud.

Self-dealing has a long history on crypto exchanges: Researchers investigate 'wash trading'

https://phys.org/news/2024-08-history-crypto-exchanges.html

> In 2019, the American tech trading company Bitwise presented to the SEC that an astounding 95% of cryptocurrency exchanges were fake. This claim may be credited to a type of market manipulation called "wash trading," which involves inflating trading volumes by buying and selling with oneself.

#cryptocurrency #fraud
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