Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB - While several theories emerged, the Binance CEO asserted that no ... - https://cointelegraph.com/news/binance-ceo-changpeng-zhao-denies-rumors-selling-bitcoin-to-bolster-bnb #marketmanipulation #technicalanalysis #coryklippsten #dylanleclair #washtrading #joeconsorti #usdt #btc #bnb

#WashTrading #NFTs #Crypto #Cryptocurrencies #Fraud: "If you've heard of wash-trading, it's probably something you picked up during the NFT bubble, which was a cesspit of illegal wash-trading. Remember all those eye-popping NFT sales? It was just grifters with multiple wallets, buying NFTs from themselves, making it seem like there was this huge, white-hot market for monkey JPEGs. Wash-trading.

Turns out that crypto really did democratize finance…fraud.

Wash-trading has been illegal for a century, but brokerages have invented modern variations on the theme that are legal-ish, and the most lucrative versions of these scams are only available to billionaires, through companies like Goldman Sachs.

There are a bunch of these variations, but they all boil down to this: there are lots of ways to sell an asset and buy it again, while making it look like you bought a different asset. Like, say you're invested in Chinese tech companies through an exchange-traded fund (ETF) that bundles together "all the Top Chinese tech stocks.""

https://pluralistic.net/2023/04/24/tax-loss-harvesting/#mego

OpenSea collector fat fingers a 100 ETH bid for a free NFT - Some pundits have argued the trader mistakenly put up a bid for 1... - https://cointelegraph.com/news/opensea-collector-fat-fingers-a-100-eth-bid-for-a-free-nft #nftmarketplace #washtrading #openseapro #etherscan #gemesis #oxsun #blur #eth

FTX Bought 101 Bored Apes at Sotheby’s Auction

https://web3now.didiermary.fr/ftx-bought-101-bored-apes-sotheby-auction/?mtm_campaign=TrackingMSTDN&mtm_kwd=Web3&mtm_source=Mastodon

On 9/9/2021, Sotheby’s closed an auction for 101 Bored Apes (NFTs) with a bid of $24.4 million.

The identities of those who helped the Bored Ape Yacht Club and their creator Yuga Labs break this record remained unknown.It turns out FTX was the winner... Was there any marke
#NFTs #Apes #FTX #WashTrading

Marktmanipulation: Mark Cuban warnt vor "Wash Trading" https://www.btc-echo.de/schlagzeilen/mark-cuban-warnt-vor-wash-trading-157310/ #Regulierung #WashTrading #MarkCuban

Wash trading will cause crypto’s next implosion: Mark Cuban - The majority of centralized exchange volume is fake, according to... - https://cointelegraph.com/news/wash-trading-will-cause-crypto-s-next-implosion-mark-cuban #washtrading #pumpanddump #markcuban #exchanges #nfts

70% of unregulated exchange transactions are wash trading: NBER study - The researchers found that in some exchanges, the wash trading vo... - https://jp.cointelegraph.com/news/70-of-unregulated-exchange-transactions-are-wash-trading-nber-study #washtrading

70% of unregulated exchange transactions are wash trading: NBER study - The researchers found that in some exchanges, the wash trading vo... - https://cointelegraph.com/news/70-of-unregulated-exchange-transactions-are-wash-trading-nber-study #washtrading

“We quantify the #WashTrading on each unregulated exchange, which averaged over 70% of the reported volume.” https://www.nber.org/papers/w30783 #cryptocurrency

Top 5 Celebrities Who Lost Millions In NFTs; Here List - Like cryptocurrencies, stocks and non-fungible tokens are highly speculative inves... - https://coingape.com/top-5-celebrities-who-lost-millions-in-nfts-here-list/ #unitedstates #washtrading #nftnews #news #nfts