Manage episode 227710041 series 2359871
"Fake Volume" is a problem in cryptocurrency and today we just saw it exposed, again. Let's talk about an article from The Block discussing how "KuCoin’s leaked ‘volume-boosting’ offers draw accusations of wash trading". If we take a few minutes and search the charts and order books on KuCoin, it's rather easy to prove this point.
Aside from the typical crypto Tom Foolery, there is some positive news thanks to Samsung confirming crypto storage on the new Galaxy S10.
Thanks to today's podcast sponsor, LinkedIn. Go to LinkedIn.com/Bobby to get $50 off your first job post!
Fake volume pairs on KuCoin:https://www.kucoin.com/trade/GGC-BTC
The Block post on KuCoin:https://www.theblockcrypto.com/2019/02/20/kucoins-leaked-volume-boosting-packages-offers-draw-accusations-of-wash-trading/
"Chasing fake volume: a crypto-plague" by Sylvain Ribeshttps://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
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