Most Crypto Trading Volume May Be Fake, Study Says

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 24 July 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for July 24. Regulators and academics say some digital-currency exchanges are inflating trading volumes. WSJ finance reporter Patricia Kowsmann explains how allegations of widespread “wash trading” could change how we view the crypto industry. Plus, Israel is on edge ahead of a key vote on a controversial judicial overhaul. And Twitter prepares for a makeover. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	As a City National client, you get a dedicated team of banking professionals working alongside
0:06.5	you.
0:07.5	From a relationship manager who works with you on everyday business needs, to a business
0:11.4	banker who drives your goals into the future.
0:14.4	Come in to meet your team at City National Bank.
0:17.1	See what personal can do for you at CNB.com.
0:29.1	This protests in Israel, ahead of a key vote on a controversial judicial overhaul.
0:35.1	Plus Twitter prepares for a makeover and a new study finds that more than 70% of trading
0:41.8	volume on crypto exchanges could be fake.
0:45.2	It begs the question as to how big this industry really is if so much volume is indeed fake
0:52.2	and how much money is really behind it.
0:54.9	Since Monday, July 24th, I'm Luke Vargas for the Wall Street Journal and here is the
1:00.0	AM edition of What's News, the top headlines and business stories moving your world today.
1:10.8	Israel is facing a major strike and mass protests today as Prime Minister Benjamin Netanyahu
1:16.8	pushes ahead with a vote on a controversial judicial overhaul.
1:21.1	The bill aims to restrict the Israeli Supreme Court's ability to strike down decisions made
1:25.7	by the government and executive and it has sharply divided Israeli society as well as put
1:31.3	the country's leadership at odds with the United States.
1:34.6	And joining us now from Tel Aviv with the very latest from Israel is Wall Street Journal
1:38.3	correspondent Dove Lieber.
1:40.0	Dove, give us a sense of what is all coming to a head today.
1:43.6	Well this is a pretty faithful day in the history of the state of Israel.
	...

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