The Daily Hodl
2022-02-04 19:41:03

Market Intelligence Firm Chainalysis Issues Warning Over Murky Trading Practices in Nascent Crypto Sector

New data from crypto insights firm Chainalysis reveals that wash trading may be artificially inflating the value of non-fungible tokens (NFTs). In a new report, the market intelligence firm finds that while most of the 262 wash traders they identified were seeing losses, they have profited nearly $8.5 million as a group overall in 2021. […]The post Market Intelligence Firm Chainalysis Issues Warning Over Murky Trading Practices in Nascent Crypto Sector appeared first on The Daily Hodl.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer