From pump and dump teams to insiders buying and selling on esoteric information, market manipulation is rampant throughout the cryptocurrency house. Whereas a few of it’s unlawful, a lot of the exercise is both authorized or quasi-legal, falling into the ocean of gray that separates lawful land from illegal territory. Everybody is aware of that market manipulation is endemic. The query is, does anybody care?
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Within the Starting, There Was Fontas
Merchants have been manipulating the cryptocurrency markets since day one. In bitcoin’s earliest days, it and the altcoins that existed on a handful of illiquid exchanges had been ripe for pumping, dumping, after which pumping once more. Cash had been gained or misplaced in a heartbeat which, again then, had been value buttons. In hindsight, merchants ought to have simply hodled, as these $1 litecoins proved to be value an entire lot extra 5 years down…