The graphs here do seem a little crazy. OKCoin is dwarfing volumes on the other exchanges at the moment. It's possible that there's just lots of excitement that exchanges are taking CNY again, but it's difficult to say for certain what's going on. Anyone know how to do some digging to verify?
Topic: Independent Certification Needed for Exchanges (Read 351 times)
As most of you are aware now BTCchina is now back. Their volume appears to also be back as you see the graphs showing a lot of movement. But how do we know they are not manipulating their numbers to try to regain investors? Several of the other china exchanges have also been accused (OKcoin/Huobi) of faking their numbers and there is evidence to support those accusations. Why doesn't the bitcoin foundation (or other independent 3rd party) come up with a certification process where they exam the data (with the help from the exchange)? Any verified exchange could display these credentials on their site to show they are a credible exchange. This would bring trust back to the community and verified exchanges would benefit from trader loyalty.
Further Readings:
http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/
http://www.coindesk.com/reality-chinese-trading-volumes/
Further Readings:
http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/
http://www.coindesk.com/reality-chinese-trading-volumes/
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