Traders, influencers lick their wounds after vicious Dogecoin dump
A speculative wave is now receding, and more than one trader regrets the ride. After a pump that highlighted the power of crowd mania and meme magic, Dogecoin has tumbled nearly 40% in a retreat from $.06 Friday highs, falling as low as $.033 this morning. For the influencers and Wall Street Bets refugees who joined in on the rise — many of whom were taking their first ride on what’s known to be a notoriously volatile chart — the price action reversal has been especially harrowing. Doge doing what it does best, welcoming people into crypto with a huge slap in the face.....
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Two conspiracy theorist influencers have caused a lot of investors to lose crypto funds in a pump-and-dump scheme. They presented a portfolio of cryptocurrencies with dubious claims about authenticity and institutional backings. These claims aimed to create enough hype for the cryptos and raise their prices more than they should be. Given that they have […]
Pump-and-dump in crypto is an orchestrated fraud that involves misleading investors into purchasing artificially inflated tokens — typically marketed and hyped by paying celebrities and social influencers. Educating oneself about the crypto ecosystem is crucial for investors to pursue during a bear market while awaiting a bull cycle. That being said, having a good understanding of crypto investment entails keeping an eye out for fraudulent projects that threaten to drain assets overnight, a.k.a. pump-and-dump schemes.Pump-and-dump in crypto is an orchestrated fraud that involves misleading....
After observing some pumps recently, it looks like it’s time to take the dogs out for the dump as both Dogecoin and Shiba Inu record 20% losses in the last three days. Dogecoin Loses 22%, While Shiba Inu Down 26% Since The Memecoins’ Recent Peaks Both the memecoins have enjoyed some big pumps recently as […]
A revised version of New York's BitLicense, the document behind the regulation of all cryptocurrency delving companies has emerged from the shadows, and this time things are a little different. Following a 90-day commentary period in which companies such as Amazon and Walmart made their voices and opinions regarding the BitLicense clear, the document went into hiding where it could lick its wounds and heal itself up for the next round. Now that round has finally arrived, and the revised version is here to make its presence known. Several anticipated changes have been made, including....