Binance is charged with mass wash trading in this lawsuit and were also accused of mass insider trading in the CFTC lawsuit . At one point, wash trading allegedly accounted for 30% of volume of a token on Binance to even 50% done by one entity with dozens of accounts. Allegations looks really ugly

Almost 2 months ago, the CFTC charged Binance with, among many other things, mass insider trading on a massive scale. The lawsuit outlined over 300 ‘house’ accounts directly and indirectly affiliated with Binance who were trading on the platform. ​ https://preview.redd.it/djdd0fct5o4b1.png?width=816&format=png&auto=webp&s=a19f4b6c49527c0f12d572263f07c27967657fc1 In addition to this, the CFTC lawsuit outlines wash Read more…

Algorand: Many of us were bullish and invested. Now Algo is down more than 96% in USD and 99% against Bitcoin. What can we learn from this experience to prevent making the same mistakes in the future?

Many of us invested in Algorand. I also bought some. In 2020/2021, the entire subreddit was insanely bullish on Algorand. It was also mentioned all over social media and on many news websites. ​ https://preview.redd.it/h511mvvspn4b1.png?width=1200&format=png&auto=webp&s=5dfb4dd479e57685fd0010eafe3eacec4296f24c But to say that Algorand has been a terrible performer would be an understatement. Some Read more…