Indicator from Planet Money: NPR

Indicator from Planet Money: NPR



Young woman walking past a bitcoin symbol.
Young woman walking past a bitcoin symbol.

according to Forbes magazine analysisHalf of all bitcoin trades are fake. But how do traders manipulate the numbers? And what exactly is cooking behind the hidden facade of cryptocurrencies?

The answer lies in an ancient practice: the washing trade. This happens when people sell assets to themselves, to create the illusion that more trade is happening than it actually is. Although the laundering trade was banned in the United States in 1936, the practice is once again gaining strength in the legal gray areas that color the cryptocurrency market.

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