A site called TheTie released a report today that estimates over 86% of all reported Bitcoin exchange volume is suspicious, while 75% of exchanges report extremely dubious volumes. The research uses a different formula than other reports have: it values each website’s visitors and compares that value to the reported figures. Potential Fake Crypto Volumes High Across The Board For example, Bithumb, which has been the subject of previous investigations, was expected to have a monthly volume of roughly $1.2 billion based on an average visit value of $13,418. Instead, Bithumb reports over $28 billion. This means their reported volume
The post 75% of Bitcoin Exchanges Report ‘Suspicious’ Crypto Trading Volumes: Research appeared first on CCN
source https://www.ccn.com/75-of-bitcoin-exchanges-report-suspicious-crypto-trading-volumes-research
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