95.5% of Bitcoin Volume is FAKE | Square Crypto Launches | WSJ Called Out

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Bitwise Asset Management is looking to list a Bitcoin ETF and made a presentation recently to the SEC regarding market maturity, liquidity, and many other topics. In it they claim that legitimate exchanges are very well run and have healthy market dynamics, while untrusted exchanges make up for a large amount of fake volume and wash trading, particularly at CoinBene. View the whole report here:

https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

Check out Nic Carter’s complimentary Medium article:

https://medium.com/s/the-crypto-collection/a-glimpse-into-the-dark-underbelly-of-cryptocurrency-markets-d1690b761eaf

 

Jack Dorsey, CEO of Twitter and Square has announced “Square Crypto” – an initiative to fund open source development in the Bitcoin and crypto space. They are currently hiring 3-4 crypto engineers and 1 designer to work full time.

https://www.ccn.com/why-squares-bitcoin-hiring-spree-is-crucial-for-crypto-adoption

 

The Wall Street Journal is getting called out for shoddy journalism after blockchain intelligence firm Cipherblade revealed much of their methodology in analysis of alleged money laundering via ShapeShift.io was forensically unsound.

https://cointelegraph.com/news/wsj-claim-of-9-mln-laundered-via-shapeshift-based-on-flawed-investigation-analysts-say

 

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