87% of volume is wash-trading – December 13

Current Bitcoin Price: $3425 (as of 11:00 AM PST)

Yesterday’s cryptocurrency bounce-back has been short-lived. The last 24 hours has seen the market retrace by about 2%. Unusually, Bitcoin has fallen a fraction more than XRP and Ethereum, with the three coins falling by 2.5%, 1.5%, and 1.4% respectively.

There are a couple of exceptions to the bleed-out, though. Maker is up an incredible 33% (which is represented on the daily chart by a vertical stroke) and Waves more than 14%.

Top Bitcoin & Crypto News Stories for 13th December 2018

87% of volume is wash-trading

Despite the overwhelmingly bearish sentiment in the cryptocurrency market, it has managed to maintain an impressive amount of trading volume. However, there have long been claims of extensive wash-trading, the simultaneous buying and selling of coins to create volume.

A recent report has shown that 87% of volume on the market’s 25 biggest exchanges is accounted for by wash trading. Among those 25 exchanges are Binance and Bitfinex, offering 100% real trading volume according to the report.

Samsung denies claims of crypto wallet in phone

Earlier this month, rumors in the cryptocurrency ecosystem spread that Samsung, the leading Korean manufacturer of smartphones, would be included a cold wallet feature in their 10th version.

However, Samsung has debunked those claims. Some users speculate that the information had been leaked, and the debunking is, in fact, a plot to keep the feature a surprise.

Blocko deployed 80% of Korean blockchains

In the Asian market, Koreans are one of the biggest producers of new blockchain projects. Blocko is one of the Korean market’s leading creators.

A recent report suggests that Blocko was responsible for publishing more than 80% of Korean blockchains this year.

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