Crypto Market Nimble & Abounds with Pump-and-Dump Schemes, Research Reveals
Scammers were engineering the price of cryptocurrencies such as Bitcoin (BTC), Ripple (XRP) Ethereum (ETH) such that they could stump their holdings onto unforeseen traders at a much higher price, shows a new academic paper analysing the size of market invective in digital assets.
Several researchers established around 4,818 known pump-and -pump efforts between the month of January to July, applying information dragged from two encrypted messaging Apps, Telegram & Discord. The scale of imposture is extensive and usually somewhat lucrative, and should notice regulators, per the draft released in a repository of academic study, SSRN.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/crypto-market-nimble-abounds/![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcoinidol.com%2Fupload%2Fresize_cache%2Fiblock%2Fbd5%2F900_900_1%2Fbd551adcedb53224a2cfcf25376b9db6.png&t=663&c=BJOfnnVbsuY4bw)