{"id":1105,"date":"2017-09-25T21:44:13","date_gmt":"2017-09-25T21:44:13","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=1105"},"modified":"2017-09-28T16:21:02","modified_gmt":"2017-09-28T16:21:02","slug":"news-single-source-of-most-ethereum-transactions-exchange-execs-cant-leave-china-tim-swanson-spoofy-at-gdax","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2017\/09\/25\/news-single-source-of-most-ethereum-transactions-exchange-execs-cant-leave-china-tim-swanson-spoofy-at-gdax\/","title":{"rendered":"News: Single source of most Ethereum transactions, exchange execs can&#8217;t leave China, Tim Swanson, Spoofy at GDAX"},"content":{"rendered":"<ul>\n<li>I thought the increase in Ethereum transactions over 2017 was mostly new <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/icos-magic-beans-and-bubble-machines\/\">ICO<\/a> interest. Although some ICOs (<i>e.g.<\/i>, Bancor and Status) did flood the network, it turns out most of the increase was <a href=\"https:\/\/blog.cyber.fund\/huge-ethereum-mixer-6cf98680ee6c\">a single huge Ethereum mixer<\/a>. Without this single entity, Ethereum wouldn&#8217;t be having any transaction clogs. (Vitalik Buterin <a href=\"https:\/\/medium.com\/@VitalikButerin\/i-think-this-article-really-deserves-a-bold-clarification-correction-1bed386b056b\">is not convinced<\/a>; the researchers <a href=\"https:\/\/medium.com\/@sn_6780\/vitalik-b5b7c02fec5a\">respond<\/a> to Vitalik.)<\/li>\n<\/ul>\n<ul>\n<li>Executives of 17 &#8220;Digital Asset Exchanges&#8221; in Shanghai are asked not to leave China <a href=\"http:\/\/news.8btc.com\/executives-of-17-digital-asset-exchanges-in-shanghai-are-asked-not-to-leave-china\">&#8220;to assist refunding work&#8221;<\/a>.<\/li>\n<\/ul>\n<ul>\n<li>Tim Swanson: <a href=\"http:\/\/www.ofnumbers.com\/2017\/09\/21\/eight-things-cryptocurrency-enthusiasts-probably-wont-tell-you\/\">Eight Things Cryptocurrency Enthusiasts Probably Won&#8217;t Tell You<\/a> \u2014 in particular, diving deep into exchanges and ICOs. If you want to trade cryptos, you need to know what the environment is like.<\/li>\n<\/ul>\n<ul>\n<li>Another &#8220;Spoofy&#8221; \u2014 someone acting very like <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/09\/16\/china-tethers-and-whats-happened-to-the-bitcoin-price-in-the-past-few-days\/\">the fake-positions bot<\/a> on Bitfinex that places orders it doesn&#8217;t intend to fulfill in order to manipulate the market\u00a0\u2014 <a href=\"https:\/\/twitter.com\/Truth_Investor\/status\/911357226450898944\">has shown up on GDAX<\/a>. Here&#8217;s a <a href=\"https:\/\/youtu.be\/79GOX_P_0JA\">video<\/a> of GDAX Spoofy caught live in action. &#8220;I want to be clear that I do not feel Spoofy is one entity nor a concerted effort, but rather it is market manipulation by numerous participants. They don&#8217;t always work together, but I am certain they are aware of one another.&#8221;<\/li>\n<\/ul>\n<div class=\"jetpack-video-wrapper\"><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"735\" height=\"414\" src=\"https:\/\/www.youtube.com\/embed\/79GOX_P_0JA?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-GB&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>And you thought things were quiet right now.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[100,82,109,9,6,108],"class_list":["post-1105","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-china","tag-ethereum","tag-gdax","tag-ico","tag-links","tag-spoofy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=1105"}],"version-history":[{"count":8,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1105\/revisions"}],"predecessor-version":[{"id":1125,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1105\/revisions\/1125"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=1105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=1105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=1105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}