News of the day: Fake volumes on Asian crypto-exchanges, freelancers and crypto.

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Two South Korean stock exchange fell under the scope of researchers CER for cheat trading volume; the survey conducted among freelancers USA, showed interest to be paid in the cryptocurrency.

American freelancers are interested in salary in crypto

P2P platform Humans.net ordered a survey on payment preferences of American freelancers. The company surveyed 1 ' 100 US citizens to determine their willingness to receive payment in bitcoin or other cryptocurrencies, with 18 percent of respondents expressing a clear preference for payments in digital currency. Among the respondents were self-employed professionals such as teachers, designers and developers.



Given that respondents were drawn from all industries and areas and were not pre-prepared for the cryptocurrency survey, 18 percent statistics can be taken as evidence of growing interest in bitcoin. Another 11% of respondents said they would like to receive payments in cryptocurrency in part, as a result of which 29% of freelancers will be happy to receive cryptocurrency for their services.

Coinbit and GDAC are accused of manipulating volume

Coinbit and GDAC, the two South Korean exchanges that were launched this summer, have joined a growing list of Asian platforms that Crypto Exchange Ranks (CER) accuse of counterfeiting trading volume.

Inflating trading performance is the way that some exchanges make their way into the top 100 Coinmarketcap by trading volume. Coinbit is currently ranked fourth, registering a trading turnover of around $ 600 million in cryptocurrency over the last 24 hours, and GDAC is ranked 53rd. CER explains:

Since GDAC trading fees are 0 percent, the exchange redistributes its tokens based on purchase orders and calls it "Airdrop to buy", but the principle is the same - inflating the trading volume indicator.

The researchers note that in mid-November, Coinbit ranked first on Coinmarketcap, ahead in terms of trading volume of Binance and Bitmex. However, this crypto-exchange and the data transmitted from it remain very controversial, as CER previously noticed platforms such as Bitforex and Fcoin in a similar practice of trading volume cheat.

When exchanges on Coinmarketcap are priced at an adjusted trading volume, it's no surprise that Coinbit and GDAC are out of the top 100.

Link to the source of information (Russian) - https://altstake.io/news/novosti-dnya-poddelka-obyemov-na-kriptobirghah-azii-frilansery-i-kripto