In May, crypto market data provider CoinMarketCap requested all exchanges in the global exchange market disclose accurate data in a move to improve transparency of the information displayed on the platform. CoinMarketCap declared an ultimatum to all exchanges listed, clarifying that they would be delisted from the platform if they fail to provide accurate trading data, volume and other relevant information. In an initiative called Data Accountability and Transparency Alliance (DATA), CoinMarketCap said that it will “review, align, and enhance reporting standards across the industry” with the objective of eliminating inflated volumes and inaccurate information from the market. The CoinMarketCap …

CoinMarketCap, a major source of prices and volumetric data on crypto markets, has revealed plans for its first-ever acquisition in a press release shared with Cointelegaph on June 26 The United States-based company is acquiring electronic crypto trading fund Hashtag Capital in order to expand its efforts within its Data Accountability & Transparency Alliance (DATA), an initiative launched in May 2019 to provide greater transparency in crypto space. Following the acquisition, the Hashtag Capital team will be joining CoinMarketCap to work on pricing algorithms for over 2,000 digital coins listed on its platform, as well as to develop new data …

Blockchain is misunderstood and focus should shift to bitcoin (BTC), the CEO of crypto microinvestment startup Amber wrote in an article for SmartCompany on June 25. In the article, Aleksandar Svetski argued that many corporations are embracing blockchain to look “hip,” even though the technology doesn’t deliver on the supposed promise of eliminating middlemen while providing security and immutability. He dismissed many of the so-called blockchain innovations unveiled by big businesses as advancements in data storage and business processes — and warned few of these improvements “will ever trickle down to benefit anyone other than large-scale organizations and their bottom …

American crypto investment manager Bitwise released a paper claiming that fake trading volumes by crypto exchanges do not impact bitcoin’s (BTC) price. Released on May 24, the white paper is an extended version of Bitwise’s March presentation alleging that 95% of volume on unregulated exchanges is fake. Published on the official website of the United States Securities and Exchange Commission (SEC), the new white paper is based upon the research that Bitwise Asset Management presented to the SEC on March 17, 2019, as specified in the document. In the white paper, Bitwise reiterated the main points from the presentation released …

Recently, CoinMarketCap (CMC), arguably the industry’s best-known cryptocurrency market data service, announced an initiative to provide “greater transparency, accountability, and disclosure from projects in the crypto space.” The move followed recent reports on fake volume data and wash trading among cryptocurrency exchanges that were published last month. Now, all exchanges are required to provide mandatory application programming interface (API) data to CMC by June 2019. Those who fail to do so risk getting delisted from the platform. So, can this brand new scheme cleanse the market from untrustworthy data? Fake volume is one of crypto market’s chief problems: two reports …

Market data resource CoinMarketCap (CMC) has excluded Bitfinex’s price for bitcoin (BTC) from its global average, its website showed on May 6. The embattled exchange’s BTC price was $5,986.60 at press time — almost $300 higher than the current market rate of about $5,692. An asterisk has been placed next to its price on the CMC website to indicate its exclusion. Explaining why some crypto prices and trading volumes are excluded, CMC’s website states: “Some prices are manually excluded from the average, denoted by an asterisk (*) on the markets tab if the price does not seem indicative of a …

Crypto market cap tracker CoinMarketCap (CMC) will remove exchanges from its calculations if they fail to provide mandatory data by June, the firm wrote in its sixth anniversary blog post on May 1. CoinMarketCap, a major source of data about all traded digital currencies, has made a series of announcements to celebrate its sixth birthday today. As such, CMC has announced a brand new alliance called the Data Accountability & Transparency Alliance (DATA) in order to provide “greater transparency, accountability, and disclosure from projects in the crypto space.” A broad number of exchanges have already joined the new alliance, including …

A crypto exchange has unveiled its new market maker program, with incentives for participants in the form of lower trading fees and reduced transaction costs. OKEx — which, according to CoinMarketCap, is the world’s biggest exchange by trading volume at the time of writing — says the program is open to users who have completed the necessary Know Your Customer (KYC) verification procedures and have total assets exceeding 20 bitcoin or the equivalent in their account. The company says these requirements are “less strict” than those offered by its rivals. Applications for its market maker program are only being accepted …

Crypto data tracker CoinMarketCap has released a new version of its app for iOS and its first Android app today, April 16, with added features for price tracking and user accounts. According to the website, the mobile app will include candlestick charts, daily historical open-high-low-close chart data and the option for setting price alerts on all cryptocurrencies available on CoinMarketCap. In order to use the app, users will have to make a CoinMarketCap account and log in. The app will also allow users to follow news from various media outlets, as well as compare cryptocurrency prices with other cryptos. Last …

The CEO of cryptocurrency exchange Binance, Changpeng Zhao, said in an interview with Cointelegraph on March 27 that recent reports on fake trading volumes are useful for the crypto industry. CT speaks with Binance and The Tie about fake trade volume reports. Source: Cointelegraph Zhao, known in the industry as CZ, said that the reports — most recently from Bitwise Asset Management and The Tie — on exchanges widely faking volumes will end up making the whole industry more transparent. He also stressed that the story has nothing to do with CoinMarketCap — one of the most popular crypto rankings …

Cryptocurrency market data resource CoinMarketCap (CMC) has promised to rearrange how it ranks member exchanges after research found overwhelming evidence of fake volume. The company confirmed the upcoming changes on social media on March 25. CMC is arguably the industry’s best-known tracking service for the market cap of Bitcoin (BTC) and altcoins, as well as for the activity on exchanges trading them. However, last week, research from cryptocurrency index fund provider Bitwise claimed that CMC hosts almost entirely fake volume statistics. This in turn deceives investors and inflates the profile of affected coins, Bitwise explained in the report. Now, CMC …

Today, on March 21, both LBank and Bit-Z overtook leading exchange Binance on the adjusted trade volume cryptocurrency exchange rankings on CoinMarketCap, but research published on March 18 by the Tie suggests most of their volume is fake. At press time, LBank is in the third spot (formerly in first), Binance is in the second spot, and Bit-Z is currently holding the top spot. According to data contained in the Tie research, Bit-Z’s expected 30-day volume is only 0.79 percent of its reported 30-day volume. The aforementioned CoinMarketCap page attempts to filter out artificial volume and wash trading, resulting in …