STEVE INSKEEP, HOST:
People obsessed with cryptocurrency got some news from a recent headline in Forbes, which said "More Than Half Of All Bitcoin Trades Are Fake." Paddy Hirsch and Wailin Wong from NPR's podcast The Indicator say the culprit may be an age-old practice used to manipulate markets.
PADDY HIRSCH, BYLINE: There are a lot of ways that unscrupulous traders can generate this kind of fake volume. But one of the most prevalent is something called wash trading. This was a kind of a new term for us, not surprisingly, because wash trading has actually been banned on regulated market exchanges in the United States since 1936. But what is wash trading exactly? Kim Grauer is director of research at Chainalysis, which watches the crypto space.
KIM GRAUER: Wash trading is a trading strategy in which the buyer and the seller is effectively on both sides of the trade, and a person will essentially sell themselves an asset to create the illusion that a particular asset is trading far...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...