Crypto News 

Researchers Find Hundreds of Pump and Dump Scams, Develop Algorithm

“An analysis performed by researchers at Imperial College London has found that around $7 million worth of cryptocurrency trading volumes are the result of pump and dump schemes” writes Simon Golstein for Pump and dump schemes are a traditional type of scam.It would be unfair to call the name ‘McAfee’ synonymous with pump and dump schemes, but the eccentric computer programmer-turned-cryptocurrency evangelist has been implicated in a few.In the worlds of electronic trading and cryptocurrency, the difference between a profit and a loss can be a matter of milliseconds.

Related posts