In a recent tweet, Binance (BNB) CEO Changpeng Zhao (CZ) may have inadvertently admitted his involvement in the management of the recently acquired CoinMarketCap (CMC). Following in Elon Musk’s footsteps? Zhao’s tweet from May 14 seemingly admits his involvement in managing CMC: Source: Twitter If he is not involved in the managerial decisions of CMC, including the configuration of various metrics, then it raises the question — why is the CEO of Binance making public statements that suggest otherwise? At the very least, this resembles public pressure on CMC’s management. The situation is reminiscent of a Twitter-enabled gaffe by Elon …

Cryptocurrency exchange OKEx has refuted fresh allegations of manipulative practices such as wash trading on its platform. In a statement shared with Cointelegraph on Sept. 23, the exchange wrote that the wash trading allegations made in a recent report from the Blockchain Transparency Institute (BTI) were “not accurate and misleading.” “An apple-to-orange comparison” As reported, the BTI published its latest report on Sept. 19, in which it claimed to have identified what it deems to be the cleanest exchanges in the industry, as well as those with the allegedly highest prevalence of market manipulation. Wash trading refers to a practice …

A new report from data researchers at the Blockchain Transparency Institute (BTI) claims that the majority of the top 25 Bitcoin (BTC) trading pairs listed on CoinMarketCap (CMC) are based upon “grossly” inflated false volumes. The researchers’ findings for December were published in BTI’s “Exchange Volumes Report” on Dec. 13. BTI presents its report as “a deeper dive into specific trading pairs on exchanges which are showing clear evidence of wash trading.” The data has reportedly been compiled by using algorithms to analyze volume data points and order books, as well as by consulting with “market makers, high frequency traders, …