Huobi Global to List Dogecoin

Elon Musk's favorite cryptocurrency is now available in pairs with USDT, BTC and ETH
04 April 2019   487

Exchange Huobi Global announced the upcoming listing of Dogecoin cryptocurrency.

Users can already make deposits in the cryptocurrency, as well as trade DOGE / USDT, DOGE / BTC and DOGE / ETH pairs, and withdrawals will be available from 17:00, April 4, 2019 (GMT+8).

Launched on the basis of the Litecoin code at the end of 2013, the Dogecoin cryptocurrency meme now occupies the 22nd place in the list of the largest digital assets of CoinMarketCap with a capitalization of $ 465 million.

Few days ago famous businessman Elon Musk reported on his love to this meme-based token. The Dogecoin community elected him as a CEO of organization.

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   848

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.