Crypto Manipulation Hinders SEC’s ETF Approval

Crypto Bureau’s video sheds light on the role of insider trading and wash trading in crypto manipulation.These issues are a major obstacle to the SEC’s approval of ETFs.The video further emphasizes the need for convenient regulation and blockchain advancement to tackle these problems.

The ubiquitous crypto market has been witnessing a period of downturn, particularly since the downfall of the once-eminent crypto platform FTX. In a recent YouTube video, the crypto portal Coin Bureau shed light on the two major crises in the crypto industry, namely, insider trading and wash trading, which often lead to market manipulation.

The host provided insights on a recent study that unveiled the critical role of insider trading in crypto manipulation, especially in connection with the unauthorized profits individuals or institutions accumulate through insider trading. As per findings, insider trading has been identified in 14 decentralized exchanges (DEXs) and 22 centralized exchanges (CEXs), with a profit of $300,000. While DEXs engage in insider trading to evade CEXs’ detection systems, it raises concerns about market integrity$BTC $ETH $BNB #crypto2023 #dan_ngo