Bitwise White Paper: Fake Trading Volumes by Exchanges Do Not Impact BTC Prices

[Goodcat49]

American crypto investment manager Bitwise released a paper claiming that fake trading volumes by crypto exchanges do not impact bitcoin’s (BTC) price. Released on May 24, the white paper is an extended version of Bitwise’s March presentation alleging that 95% of volume on unregulated exchanges is fake.

Published on the official website of the United States Securities and Exchange Commission (SEC), the new white paper is based upon the research that Bitwise Asset Management presented to the SEC on March 17, 2019, as specified in the document.

https://cointelegraph.com/news/bitwise-white-paper-fake-trading-volumes-by-exchanges-do-not-impact-btc-prices