64% of Tether is used for wash trading

[Anonymous No.16048109]

https://bitcoinist.com/blockchain-transparency-institute-64-of-tether-is-used-for-fake-trading/
>Recent research conducted by the Blockchain Transparency Institute has identified some alarming figures regarding the amount of wash trading that takes place among the leading cryptocurrencies. By calculating the disparity between the reported and adjusted volumes of each crypto, the BTI have been able to pinpoint the exact amount of volume that is ‘faked’ by crypto exchanges.
>The 4th biggest cryptocurrency by market cap and largest stablecoin by volume, Tether (USDT), was found to be one of the most wash traded assets in the list. A whopping 64% of its volume is believed to be faked by wash trading, according to BTI’s findings.

This is all going to end in tears.

[Anonymous No.16048119]

>link to advertising blog
Opinion discarded

[Anonymous No.16048157]

>>16048109
This is good once tether collapses bitcoin moons as it will become the stablest coin for traders to gamble without kyc or exchanges.

[Anonymous No.16048175]

>>16048157
> bitcoin mooning without tether

[Anonymous No.16048230]

>>16048109
>blockchain transparency institute
literally who lmao

[Anonymous No.16048253]

lmao. the official boomer economy is centrally wash traded by cartels. it's called "organic growth" I'm sure whatever this insignificant lemonade stand kiddie project is doing wrong is only a minor annoyance in comparison