Today, news sources offer us various rumors, assumptions and statements. In particular, they say that the Tether startup may face serious problems. Another Chinese exchange is also believed to be falsifying trading information. In addition, the Maltese official claims that mass adoption of Bitcoin is inevitable.
The rating agency Crypto Exchange Ranks (CER) has been tracking fake trading information for many months. Much of the suspicious activity the agency unearthed during its thorough investigation was seen in the East. Chinese cryptocurrency exchange ZB.com, which appears in the top five exchanges on Coinmarketcap, has surpassed Bithumb and Bitfinex in scale. However, CER does not have confirmation of such large volumes reported by the exchange ZB.com.
"In analyzing ZB.com, we found certain features of unnatural and clearly artificial trading volume in 10 of the exchange's 20 most traded pairs," CER said. “Additionally, we found that the trading volume of 4 dash token pairs on this exchange was over $288 million, representing 24.58% of the exchange's total 24-hour volume and 80.56% of the volume of all dash coins traded across all exchanges. All this directly indicates that ZB.com is falsifying trading results.”
The Prime Minister of Malta, Joseph Muscat, known for his crypto-oriented position, has long invited all major players in the crypto market to operate in the country. In a recent address to the United Nations General Assembly, the Prime Minister stated his belief that Bitcoin and blockchain will inevitably achieve mass adoption. “I am confident that this technology will bring innovation and improve the system. That is why in Malta we are going to create a regulated environment for this technology. Blockchain makes cryptocurrency the inevitable future of money.”
Finally, Noble Bank, whose most famous cryptocurrency client is the startup Tether, could be in trouble. According to Modern Consensus, the bank has cash flow problems and if it doesn't find financing, it will have to cease operations. It is still unknown whether the Tether company and user assets will suffer from this. Since the information was provided by Modern Consensus, which reported the attack on the Circle-Poloniex exchange a week earlier than all other sources, this information can be trusted to some extent, although there is no confirmation from other sources yet.
According to https://news.bitcoin.com/
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