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.
this is a very new market and is a market that is not yet regulated, to have a notion, in my country there is no exchange made by people from my country and no have exchange made by people of my country that it is possible that the people of my country buy bitcoin using their cards of debit and many countries are in the same situation, how will the exchanges not manipulate the volume? the market is still very small and there are many exchanges competing in a small market. The big exchanges that offer better services, take all the cake
and about coinmarketcap
CoinMarketCap and Crypto Briefing Introduce New Analysis ProductDATA Ultimatum: CoinMarketCap Requests More Information From Exchanges to Make Market More Transparent
They are striving to make things better.