Graybeard
Well-Known Member
This looks like a classic pump and dump;
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“One of the SEC’s top worries is that crypto is subject to manipulation. This study appears to lend credibility to that argument,” Cowen analyst Jaret Seiberg said in a note on Monday.
The study comes after an analysis published in March found that 95% bitcoin spot trading is faked. The survey, created by cryptocurrency asset manager Bitwise for the SEC, found that only $273 million of about $6 billion in average daily bitcoin volume was legitimate.
Cowen said Griffin and Shams’ study will likely add even more scrutiny of bitcoin and cryptocurrency at large, especially from regulators and lawmakers.
“We see this as further souring Washington on crypto and believe it is negative for efforts to launch crypto ETFs and for Facebook to launch Libra,” Seiberg added.<<<
A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows
full article
>>>
“One of the SEC’s top worries is that crypto is subject to manipulation. This study appears to lend credibility to that argument,” Cowen analyst Jaret Seiberg said in a note on Monday.
The study comes after an analysis published in March found that 95% bitcoin spot trading is faked. The survey, created by cryptocurrency asset manager Bitwise for the SEC, found that only $273 million of about $6 billion in average daily bitcoin volume was legitimate.
Cowen said Griffin and Shams’ study will likely add even more scrutiny of bitcoin and cryptocurrency at large, especially from regulators and lawmakers.
“We see this as further souring Washington on crypto and believe it is negative for efforts to launch crypto ETFs and for Facebook to launch Libra,” Seiberg added.<<<
A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows
full article