Image credit: source

A report issued by the Blockchain Transparency Institute has found that many cryptocurrency exchanges target altcoins with low market caps by creating investor interest and generating fake volumes, subsequently conducting pump-and-dump schemes with these tokens. The report indicates exchanges with “over 80% API trading”, full list here.

The report notes that “many of the top 100 exchanges on CoinMarketCap’s rankings used wash trading to gain a marketing advantage… these exchanges gained 80-90% of their referral web traffic from CoinMarketCap… [and they had been] asking for 5BTC to 60BTC for listing fees”.

(Excerpt) Read more Here | 2018-11-06 18:18:45

LEAVE A REPLY

Please enter your comment!
Please enter your name here