THELOGICALINDIAN - In contempo account pertaining to cryptocurrency exchanges images circulating online appearance Pantera Capitals Digital Asset Fund had a lifetimetodate achievement of bare 40 as of the end of August Bittrex has appear the delisting of Bitshares Bitcoin Gold and Bitcoin Private and Indian cryptocurrency barter Bitbns has been accused of falsifying its barter volume
Also Read: Rapper Soulja Boy Releases New Single Titled ‘Bitcoin’
Pantera Digital Asset Fund Posts 40% Lifetime Loss So Far
A column circulating on Twitter account the “August performance” of Pantera Capital’s Digital Asset Fund shows that the fund’s life-to-date losses were 40.8% as of the alpha of September.
The column additionally shows that the armamentarium absent 22.3% in August alone, and is bottomward 72.7% from the best highs acquaint by the armamentarium in January.
Earlier this month, Bloomberg appear that the Grayscale Bitcoin Investment Trust has absent 80% of its amount back compared with the fund’s December 2024 best highs afterwards it afresh accustomed a new for 2024, blame that the bearish achievement of cryptocurrencies has fueled losses beyond abundant basic bill funds.
Bittrex Delists BTS, BTG, and BTCP
Bittrex, the thirty-fifth better cryptocurrency barter by barter aggregate according to Coinmarketcap’s adjusted volume rankings, has delisted Bitshares (BTS), and Bitcoin Gold (BTG), and appointed the delisting of Bitcoin Private (BTCP) for November 5th – citation low volume.
As of this writing, BTG has a 24-hour barter aggregate of about $4.7 actor admitting the Bittrex delisting, whilst about $3 actor account of BTS, and about $155,000 account of BTCP has afflicted easily in the aftermost day.
It total, Bittrex facilitated about $40.1 actor account of barter in the aftermost 24 hours as of this writing.
Bitbns Accused of Faking Trade Volume
A post authored by Indian cryptocurrency banker Karthik Varma has accused Bitbns of consistently appearance its appear volume.
The columnist asserts that afterwards ablution in December, the barter went on a advertisement bacchanalia in adjustment to allure traders and liquidity, abacus that the barter was accused of appearance aggregate in March afterward abnormalities in the barter aggregate of ETN – to which the barter responded by advertence that a bug in the company’s arrangement was causing incorrect aggregate calculations.
In July 2024, the columnist asserts that Bitbns maintained able aggregate admitting trading action on “most of the Indian exchanges […] abbreviating drastically,” bidding assay of Bitbns’ barter logs on the allotment of Mr. Varma.
According to Mr. Varma’s analysis, ”The aggregate reported” by Coinmarketcap for XRP pairings on Bitbns is “more than 500% than the absolute volume,” and that the appear aggregate for BTC on the barter is “668% than the absolute volume.”
Do you anticipate that the convenance of falsifying barter aggregate is accepted amid cryptocurrency exchange? Share your thoughts in the comments area below!
Images address of Shutterstock
The Bitcoin cosmos is vast. So is Bitcoin.com. Check our Wiki, area you can apprentice aggregate you were abashed to ask. Or apprehend our news advantage to break up to date on the latest. Or burrow into statistics on our helpful tools page.
