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.
Yeah, faking trading volumes is old news already, there's been a lot of info on this matter months ago. I think it's true that many exchanges report fake volume to get higher on the list and attract more customers. However, I don't think they can do much apart from it. Like, they can fake the volumes, but now affect the price dynamics this way. It's weird that it's so easy to do that with Bitcoin, I mean all of the transactions are public... But I guess the system is not perfect yet, and there's no mechanism that would check the blockchain transactions and make reports of trading volume based on real transactions.