Blockchain24.co have posted an interview with Joshua Frank, the TIEs CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry.
Looks like condition of out industry is not in the best shape.
nothing new about this, fake volume was from the beginning, and not only in the industry of crypto...
people just know to recheck volume very simple.
yes their are manipulation but most of the time what affect market movements is selling and buying rate,
the selling rate soon will fall hard because there is coming few startup which help us to buy almost everything in crypto and people will not convert their crypto to paper money to buy things, compare to gold/diamonds which always the selling rate will grow because supply is big and you cannot buy with it, its more store of value for the rich people which dont trust the paper money value.