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Automated trading programs, or bots, have taken advantage of US regulatory loopholes to impact virtual coin market performance on crypto exchange operators, the Wall Street Journal reported on Tuesday.
Bots successfully and unrestrictedly are manipulating Bitcoin (BTC) and altcoin prices, the Rupert Murdoch-owned newspaper revealed by quoting four digital currency players, namely Virgil Capital, a venture fund, which has created own bots to counter abusive software programs that want to affect the company’s virtual coin investments; Quatloo Trader, a bot service that presents itself as “the best market-manipulation tool in the world of crypto”; one of Quatloo’s clients, Ryan Wright, who is an US citizen living in Taiwan ; and Coinlist, a platform that offers the issuance of new tokens.
“This sort of activity i...
On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment of crypto-asset exposures that banks limit their...
MAS rebukes 3AC for providing incorrect information and exceeding the AUM limit. MAS has been investigating policy infractions by 3AC, since June 2021. Last week, the British...
The last 13 years have seen blockchain technology evolve into numerous use cases — finance, data, logistics and security, among others. However, the idea of using...
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