Coinmarketcap Responds to Accusations of Aiding Wash Trading

Coinmarketcap (CMC), the net’s hottest cryptocurrency tracker website, has responded to accusations that it’s implicit in supporting wash shopping for and promoting. This week, a platform referred to as Crypto Change Ranks revealed detailed allegations of how CMC incentivizes exchanges to report fake amount. In a model new weblog put up, Coinmarketcap has detailed its willpower to assist “transparency and readability”.

Moreover study: How Coinmarketcap Incentivizes Exchanges to Report Fake Amount

Coinmarketcap Cleans Its Retailer

“Honest Coinmarketcap” Claims to Provide Accurate Cryptocurrency DataAs reported yesterday, Coinmarketcap has been taking flak for blindly publishing suspicious info from positive crypto exchanges. The commerce on the guts of the furore on this occasion was a little-known platform referred to as Bitforex that almost no one had heard of until not too way back. By way of wash shopping for and promoting – concurrently looking for and selling by itself platform to create the illusion of extreme amount…

Learn full story