CoinMarketCap removes Bitfinex from exchange calculations204

After a week of drama surrounding iFinex Inc., which operates Bitfinex and owns Tether Ltd., CoinMarketCap has decided to remove Bitfinex’s price data from its calculations.

A report by TIE on Mar. 20, 2019, exposed that almost 60 percent of the top 100 cryptocurrency exchanges were reporting fake volumes. As a result, CMC announced in a blog post the creation of Data Accountability & Transparency Alliance (DATA) in order to provide “greater transparency, accountability, and disclosure from projects in the crypto space.”

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