Monthly Archives: December 2022

It’s no secret that wash trading continues to plague the crypto market. A paper titled “Crypto Wash Trading,” published by the National Bureau of Economic Research (NBER), found that an overwhelming number of unregulated crypto exchanges account for a sizeable portion of wash trades. The nonprofit research organization studied 29 major exchanges, such as Binance,…

For better or worse, 2022 is about to end, and the bitcoin bulls are in a hurry to send this rather violent year packing. The asset’s price tumbled amid macroeconomic hurdles, industry collapses and scams, and everything in between. The micro scale doesn’t give much hope either, as BTC slipped to a new 10-day low…

Popular cryptocurrency exchange Huobi will lay off a significant portion of its workforce and cut the salaries of senior employees, according to Chinese reporter Colin Wu. Last month, the exchange debunked speculation that it would slash its headcount because of the high number of employees at the company. But people familiar with the matter have…

Emiliano Grodzki has stepped down as CEO of leading Bitcoin mining firm Bitfarms, joining a long list of crypto executives who resigned from their positions amid the bear market this year. The mining company named Geoffrey Morphy as its new CEO, promoting him from his role as president and chief operating officer (COO). “Our foundational…