CoinMarketCap is suddenly showing a little-known cryptocurrency as the 17th largest by market capitalisation. Mindol (MIN) is an obscure project apparently aiming to promote Japanese “geek culture”.There has been little news reported that might account for the epic price gains the digital asset has seen over the last few weeks. This has caused market observers…
Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday saw the digital asset surge over $500 in less than an hour. Six hours later it dumped the same amount which was music to the ears of…
The crypto sphere was awash with gags on April Fool’s day, mostly from rival clans having a dig at each other. What would have been more serious is a manipulated pump for an altcoin and it just so happens that this appears to have occurred with crypto clown Dogecoin. A Dodgy Pump For Doge? After…
Back in the latter half of 2017 many of the cryptocurrencies experienced wild price swings with double digit pump and dumps several times a week. This volatility was seen to be the detractor of wider spread adoption, though easy to make, or loose, a quick buck for day traders and speculators. Then the bears got…
A study by the Massachusetts Institute of Technology has revealed that machine learning can identify crypto pump and dump schemes before they happen. It arrived at a figure generated by fraudulent trading which is a tiny fraction of the total trade volume. $7 Million Monthly Volume From Pump and Dumps The study went on to…
The crypto market has just entered into another tough period when a lot of coins started losing its value. In the midst of all the chaos, one cryptocurrency exchange announced a new pump scheme on several random coins, while hoping to get a boost itself. YoBit Plans a Pump-And-Dump Scheme YoBit, a Russia-based cryptocurrency exchange…