Image source: Getty Images The owner of the Dallas Mavericks has doubts about the trading volume of some cryptocurrencies. Key points Mark Cuban believes money laundering could cause the next crypto implosion. Wash trading is when one person buys and sells assets to manipulate the market using artificial trading volume. One analysis found that more …
Mark Cuban says this could cause the next crypto implosion Read More »
By Frances Yue Welcome back to the Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. As crypto lender Genesis reportedly prepares to file for bankruptcy as early as this week, I spoke with David Siemer, CEO of Wave Financial Group, and Hany Rashwan, CEO of 21Shares, to discuss its potential impact. Meanwhile, the …
“Madoff: The Monster of Wall Street” is a four-part documentary airing on Netflix. This could hardly be more relevant given the spectacular implosion of Sam Bankman-Fried and his cryptocurrency empire FTX. While much is unknown about “SBF” and FTX, the similarities to the Madoff operation are striking. Ponzi characteristics: Madoff ran a pure Ponzi scheme. …
The crypto implosion has similar features to the Madoff operation Read More »