Facebook Wants WhatsApp Stablecoin to be Listed

According to New York Times, Facebook are talking with exchanges regarding list of upcoming token
01 March 2019   441

According to The New York Times, Facebook has negotiated with various cryptoexchanges about listing its own stablecoin.

According to informed sources, the staff of the world's largest social network told the representatives of the exchanges that the launch of stablecoin was planned in the first half of this year. At the same time, a new asset will be tied to dollars, euros and other national currencies held in Facebook bank accounts.

The information that Facebook is developing stablecoin for WhatsApp messenger users appeared in December last year. At the same time, it became known that the social network is working on the concept of custodial solutions for currency reserves at the base of stablecoin.

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   1187

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.
 

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.