Most Bitcoin Trading Faked by Unregulated Exchanges, Study Finds

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Most Bitcoin Trading Faked by Unregulated Exchanges, Study Finds
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An analysis of trading activity indicates that the actual market for bitcoin is far smaller than previously thought

Fraudulent trading volume has dogged cryptocurrency trading for years, but the extent of the market manipulation has been difficult to determine.

Bitwise Asset Management said its analysis of trading activity at 81 exchanges over four days in March indicates that the actual market for bitcoin is far smaller...

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