Monthly Crypto Gold Pill© – by AgAu The Peer-To-Peer Electronic Money System > Blog > Monthly Crypto Gold Pill© – by AgAu

In this First Edition, we will look at “Everything wrong with Crypto”, from “pump and dump” to fake volume and fake market cap. You can find the articles in the section below.

The Pill

crypto whales
92.4% of the Bitcoins are Concentrated in 2% of the wallets
recent report by Bloomberg states that “2% of accounts control 95% of all Bitcoin”. Bitinfocharts shows a similar distribution of BTC across addresses. And others have reported comparable statistics suggesting a vast concentration of wealth in the Bitcoin network. Read More
Bitwise Presentation to the SEC: 95% of The Crypto Market is Fake!
A recent research report by Bitwise Asset Management revealed that 95% of the reported trading volumes in Bitcoin by is fake and artificially created by unregulated exchanges. Read More

UK Regulator Bans Binace Crypto Exchange.
Financial watchdog FCA bans crypto-currency exchange Binance, the world’s largest cryptocurrency exchange. Binance is not allowed to operate an exchange in the UK. Read More 

Coinbase  Pay $6.5 Million to Settle CFTC Investigation Over Trading

According to the CFTC, between January 2015 and September 2018 “Coinbase recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets.” The agency, alleges that two trading programs operated by Coinbase generated orders that traded with each other, misleading traders. Read More
Gold Better than Bitcoins according to SocGen and J.P. Morgan
“This risks to Bitcoin remain on the downside,” Alain Bokobza, head of global asset allocation at SocGen. Bokobza argued that the risks to bitcoin “remain on the downside,” citing  potential regulation ahead, which is characterized as the “biggest threat”  for the cryptocurrency.  
Bitcoin Drops Below $31K Before Rebounding; $8B in Liquidations Triggered
The latest crash shook out bullish leverage from cryptocurrency  markets, leading to more than $8 billion in position liquidations due to margin calls. Bitcoin  account for almost 50% of the total market-wide liquidations. Total liquidations , are still short of the record $10 billion. Read More

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