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51% of daily Bitcoin trading is likely fake #282

Closed ralphlombreglia closed 2 years ago

ralphlombreglia commented 2 years ago

Twitter Content

(1/2) New @Forbes analysis of 157 #crypto exchanges finds that 51% of daily #Bitcoin trading volume is likely fake. The bogus numbers are ascribed to pervasive #washtrading and poor surveillance across exchanges. https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-half-of-all-bitcoin-trades-are-fake/

(2/2) For background and ongoing conversation on the role of various malicious maneuvers — including #washtrading — in #crypto scams, see Bruno Mazzora’s summary of his co-authored paper “Do not rug on me: Zero-dimensional Scam Detection” in @SCRForum. https://www.smartcontractresearch.org/t/1554

LinkedIn Content

New Forbes (https://www.linkedin.com/company/forbes-magazine/) analysis of 157 crypto exchanges finds that 51% of daily Bitcoin trading volume is likely fake. The bogus numbers are ascribed to pervasive “wash trading” and poor surveillance across exchanges. https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-half-of-all-bitcoin-trades-are-fake/

For background and ongoing conversation on the role of various malicious maneuvers — including wash trading — in crypto scams, see Bruno Mazzora’s summary of his co-authored paper “Do not rug on me: Zero-dimensional Scam Detection” in SCRF Forum. https://www.smartcontractresearch.org/t/1554

URLs

https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-half-of-all-bitcoin-trades-are-fake/ https://www.smartcontractresearch.org/t/1554

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ralphlombreglia commented 2 years ago

@marvino3 @MichaelSCRF This post was submitted to Socials Content on Friday, August 26, 2022, 12:37:10 PM PT. It was also submitted to the Discord group set up to vet Socials Content and Fourm pairings.