I agree with you. For big companies like coinbase it's important to show big fabricated volume in the beginning and in the end of the year to proof it's status. Thing is it doesn't really mater when it's fake. Talking about bitfinex great it publish real data showing some difficulties every platform goes through
That's true. We don't know exactly what they are showing for us, it's only a PR campaign. For such big exchanges reputation means everything, so is they have any chance to be represented in a better way, they will be. 
Topic: [2018-12-17] Only Binance and Bitfinex Do Not Fake Volume, New Report Finds (Read 383 times)
January 20, 2019, 07:57:02 AM
January 19, 2019, 10:54:17 AM
I agree with you. For big companies like coinbase it's important to show big fabricated volume in the beginning and in the end of the year to proof it's status. Thing is it doesn't really mater when it's fake. Talking about bitfinex great it publish real data showing some difficulties every platform goes through
December 22, 2018, 03:06:34 AM
closer to the New Year other exchanges, except Binance and Bitfinex want to pretend that they are cool.
some exchanges really let to do some fictitious transaction, so that' s how this fake volume appear.
Of course all the big exchanges look normal, before you dont know what s going on inside
some exchanges really let to do some fictitious transaction, so that' s how this fake volume appear.
Of course all the big exchanges look normal, before you dont know what s going on inside
December 21, 2018, 07:40:11 PM
The Blockchain Transparency Institute has released its December Exchange Volumes Report, delving deeper than ever before into suspected wash trading. The conclusions paint a rather damning picture. Only 2 of CoinMarketCap’s top 25 BTC pairs aren’t massively inflating actual volume.
https://bitcoinist.com/binance-bitfinex-not-fake-volume/
https://bitcoinist.com/binance-bitfinex-not-fake-volume/
This crypto world is very scary, if bitfinex has real volume and is in position 8 with volume of $480 529 075. so binance is in the first position, that is to say that bifinex should be in the second position and other exchanges would be below binance and bitfinex. how the hell does OkEx have volume of $ 1 105 999 095; Huobi has a volume of $ 935 526 010 (it has a small different volume with OKEx) but notice that from OKEx to Binance there is a great difference of volume
The Chinese exchanges were always known to be the exchanges that do wash trading, maybe not to increase volume, but because the exchange itself might be laundering billions similar to what BTCe used to do.
December 21, 2018, 04:21:16 PM
I consider Bloomberg to be a reliable source of information. Frankly speaking, I was a bit surprised that Binance occurred on that list while the same can't be said for Bifinex. The latter has always appeared to me as an extremely decent and trustworthy exchange. Maybe I`m preconceived concerning it because during all the experience of using Bitfinex I`ve encountered any major issues, just some minor nuisances.
What? So, the first connections are now appearing Mr 4-posts-in-a-year-riskyron. First of all Bloomberg is a fiat based rag that's well known for BTC bashing & splurting BS. Secondly, the fact that you seem to swear by Tether:
I think Tether will considered not only safe but the most reliable of the stable coins. It has been proving it for a long time.
There are many rumors going around these are only rumors, if anyone had some hard evidence, we would already have known.
There are many rumors going around these are only rumors, if anyone had some hard evidence, we would already have known.
...in one of your 4 posts per year, but you also happen to swear by Bitfinex which only proves that you are a Bitfinex/Tether shill account & more than likely behind this BS "transparency group" that's hiding behind a privacy guard.
Edit: I also see on your profile that your email address has been changed recently - bought/hacked account for shilling?
December 21, 2018, 03:25:48 PM
Where is coinbase in that report? One of the leading exchanges in the world wasn't included.
Coinbase and other USD exchanges aren't listed because of how much higher the top exchanges are on the list due to their wash trading and other tricks. The top exchanges are all USDT exchanges, coincidence?If you discard the USDT exchanges, which you definitely should since they in most cases aren't fiat entry points, Coinbase Pro is the absolute leader followed by Bitstamp and Kraken.
Bitfinex unfortunately doesn't make a difference between USD trading and USDT, because that would clearly show how little USD volume they generate and lose their top spot on sites as Coinmarketcap.
December 21, 2018, 12:53:51 PM
Where is coinbase in that report? One of the leading exchanges in the world wasn't included.
Also, the exchange that is listed as the worst one, with the highest fake volume, doesn't seem to work. https://www.coinbene.com/ is not loading. What is that exchange? I've never heard of them and yet they have a higher reported volume than coinbase, binance, kraken, and many other popular exchanges. Pretty big for a site that doesn't work.
Also, the exchange that is listed as the worst one, with the highest fake volume, doesn't seem to work. https://www.coinbene.com/ is not loading. What is that exchange? I've never heard of them and yet they have a higher reported volume than coinbase, binance, kraken, and many other popular exchanges. Pretty big for a site that doesn't work.
December 21, 2018, 12:14:30 PM
The Blockchain Transparency Institute has released its December Exchange Volumes Report, delving deeper than ever before into suspected wash trading. The conclusions paint a rather damning picture. Only 2 of CoinMarketCap’s top 25 BTC pairs aren’t massively inflating actual volume.
https://bitcoinist.com/binance-bitfinex-not-fake-volume/
https://bitcoinist.com/binance-bitfinex-not-fake-volume/
This crypto world is very scary, if bitfinex has real volume and is in position 8 with volume of $480 529 075. so binance is in the first position, that is to say that bifinex should be in the second position and other exchanges would be below binance and bitfinex. how the hell does OkEx have volume of $ 1 105 999 095; Huobi has a volume of $ 935 526 010 (it has a small different volume with OKEx) but notice that from OKEx to Binance there is a great difference of volume
December 21, 2018, 11:00:51 AM
Here the information is presented in a more detailed way and includes some figures:
https://www.blockchaintransparency.org/december2018
I consider Bloomberg to be a reliable source of information. Frankly speaking, I wasn`t much surprised that Binance and Bitfinex occurred on that list. These two have always appeared to me as trustworthy exchanges. Maybe I`m preconceived concerning it because during my experience of using the both I`ve encountered any major issues, just some minor nuisances.
To sum up: good to know that at least two exchanges - Bitfinex and Binance - are transparent (according to the latest news, Liquid has joined them).
These platforms are not involved into wash trading unlike all the other exchanges from top 25.
It`s up to you to decide which one is worth dealing with.
Share your experience.
https://www.blockchaintransparency.org/december2018
I consider Bloomberg to be a reliable source of information. Frankly speaking, I wasn`t much surprised that Binance and Bitfinex occurred on that list. These two have always appeared to me as trustworthy exchanges. Maybe I`m preconceived concerning it because during my experience of using the both I`ve encountered any major issues, just some minor nuisances.
To sum up: good to know that at least two exchanges - Bitfinex and Binance - are transparent (according to the latest news, Liquid has joined them).
These platforms are not involved into wash trading unlike all the other exchanges from top 25.
It`s up to you to decide which one is worth dealing with.
Share your experience.
December 19, 2018, 07:40:44 PM
This because these two exchanges are already established with good community support that is why many people came to ask a certain project to be listed in any of these two.exchanges because a crypto that will gone listed will going to have a good market price increase after it will show visibility in the exchanges.
December 19, 2018, 01:33:18 AM
Also, why is there a drink menu on their site? Who are these people?
And the title of the page is Partners, their devs must be drunk while creating this simple HTML page.As a transparency group having no team introduced, a newly made website, mentioning their algorithm without even publicize it, a site shielded with whoisguard and having partnered with cocktails, wine and beers lmao -> http://archive.is/F8q9r
I wonder how media acknowledge this group as a transparency group and publishing their so-called reports.
December 19, 2018, 12:34:23 AM
The fact that this so called report states that Bifinex, one of the shadiest exchanges out there, isn't washing shows just how wrong & unreliable it is.
Wondering what the connection is between Bitfinex & this "Blockchain Transparency Institute".......
Wondering what the connection is between Bitfinex & this "Blockchain Transparency Institute".......
Also, it needed to drag the leading exchange, Binance, in the article for it to look authentic hehe.
Another sign that the Blockchain Transparency Institute is a scam is it accepts donations in XRP hehehe. The most untransparent cryptotoken in the cryptospace. Its transactions cannot be traced back to its genesis.
I would only believe for Binance to have this title but for Bitfinex its a big Nah!
December 19, 2018, 12:28:47 AM
This because they had a huge connections already with the crypto in the market. THe community that has been using the this exchanges are believing already and that is good for the cryptocurrency. The demand should be look more on how to improve it and this exchanges has shown that demand is great without faking any market cap volume.
December 18, 2018, 08:08:51 PM
The fact that this so called report states that Bifinex, one of the shadiest exchanges out there, isn't washing shows just how wrong & unreliable it is.
Wondering what the connection is between Bitfinex & this "Blockchain Transparency Institute".......
Wondering what the connection is between Bitfinex & this "Blockchain Transparency Institute".......
Also, it needed to drag the leading exchange, Binance, in the article for it to look authentic hehe.
Another sign that the Blockchain Transparency Institute is a scam is it accepts donations in XRP hehehe. The most untransparent cryptotoken in the cryptospace. Its transactions cannot be traced back to its genesis.
December 18, 2018, 05:58:29 PM
Also, why is there a drink menu on their site? Who are these people?
LULZ at this - it certainly is a crappy site. It's only a few months old too:
Domain Name: BLOCKCHAINTRANSPARENCY.ORG
Registry Domain ID: D402200000007276130-LROR
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.whois.godaddy.com
Updated Date: 2018-10-19T03:47:28Z
Creation Date: 2018-08-20T01:15:35Z
Registry Expiry Date: 2019-08-20T01:15:35Z
Registrar Registration Expiration Date:
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email:
Registrar Abuse Contact Phone: +1.4806242505
Reseller:
Domain Status: clientDeleteProhibited https://icann.org/epp#clientDeleteProhibited
Domain Status: clientRenewProhibited https://icann.org/epp#clientRenewProhibited
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited
Registrant Organization: Domains By Proxy, LLC
Registrant State/Province: Arizona
Registrant Country: US
Name Server: NS24.DOMAINCONTROL.COM
Name Server: NS23.DOMAINCONTROL.COM
DNSSEC: unsigned
URL of the ICANN Whois Inaccuracy Complaint Form https://www.icann.org/wicf/)
A transparency group that's hiding behind a cheapo godaddy privacy shield.......
December 18, 2018, 05:52:06 PM
I never believe this type of reports as they are not the genuine sources and most of the time you can see that they are also manipulated by the so called exchanges. Always do your own research and trade in good exchanges.
December 18, 2018, 05:42:40 PM
We're expected to believe Bitfinex and the largest Tether exchange don't fake volume, but everyone else does?
In before it turns out the Blockchain Transparency Institute is owned by iFinex Inc.
All its supporters are no-names so it's impossible to tell who really funds them.
Also, why is there a drink menu on their site? Who are these people?
In before it turns out the Blockchain Transparency Institute is owned by iFinex Inc.
All its supporters are no-names so it's impossible to tell who really funds them.Also, why is there a drink menu on their site? Who are these people?
December 18, 2018, 04:05:28 PM
Wondering what the connection is between Bitfinex & this "Blockchain Transparency Institute".......
We'll never get the truth presented to us, but the fact that one of the shadiest exchanges (as you also referred to it) in the industry is coming out as one of the best performers stinks. I'm glad that I don't use that exchange so there isn't much for me to lose here. I however don't hope that we'll see them pull off another gox type of exit scam, because that would hurt this ecosystem more than anything else.
It's good to see that there is more competition in the stablecoin market, because the more market share USDC and other coins gain over USDT the lower the potential damage is Bitfinex can inflict if they go full nuts.
December 18, 2018, 03:27:18 PM
I'm actually a little surprised there are two exchanges that don't fake their volume. I naturally assumed they all did.
Who funds the Blockchain Transparency Institute? Answer that and the motivation for this report would be clearer.
Fair point. It does seem a little suspicious that there are two exchanges that get a glowing report and the rest are all terrible. Maybe we should take these findings with a pinch of salt until it's clear that this transparency institute really are as transparent as they claim.
December 18, 2018, 06:51:02 AM
bitfinex doesnt need to wash trade when they print free tether and buy right? in this case report might be right.
ps this news has 2 of same topic replying here as 1 sure to be dumped/merged.
ps this news has 2 of same topic replying here as 1 sure to be dumped/merged.
Jump to: