Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes. Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme. The pair reportedly persuaded their thousands of followers to invest in a…
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The Australian financial watchdog has revealed the details of how it took down ASX traders suspected of taking part in a coordinated Telegram pump and dump scheme. The Australian Securities and Investments Commission (ASIC) has revealed the details of how it took down crypto “pump and dump” Telegram groups back in October. A pump and…
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Some obscure – and some brand new – digital tokens soared higher in price today after comments from a US Congressman during a hearing at the US House of Representatives went viral in the crypto community. Commenting during Wednesday’s hearing on Digital Assets and the Future of Finance at the House Committee on Financial…
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The lawmaker said that she wasn’t specifically targeting memecoin Floki Inu in the push for this crackdown, but rather as one of three current crypto advertising campaigns on London’s public transport. Sian Berry, former co-leader of the Green Party of England and Wales and current member of the London Assembly, is looking to crack down…
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A new generation of crypto investors get taken for a ride as Aave makes some puzzling moves. Loyal Finance Redefined readers: Hi, I’m Andrew. My inestimable colleague Andrey, the previous compiler of this newsletter, is stepping away from Cointelegraph in order to build [REDACTED], leaving me to take over lettering the news. While I’m thrilled…
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After an edict to remain “mission focused,” Coinbase executives have succeeded in making themselves a fortune. Insider activity reports for Coinbase’s COIN stock indicate that multiple early investors and executives sold billions in equity shortly after COIN’s direct listing. While the filings initially indicated that multiple executives sold a high percentage of their stake in…
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An algorithmic stablecoin experiment is playing out over Christmas weekend — and real money’s on the line. While wild price action on Bitcoin and Ethereum have claimed the attention of most traders over the Christmas weekend, a select sect of crypto traders are following an experiment playing out in real-time that may have implications for…
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With Dogecoin’s price falling, OKCoin’s CMO says the TikTok-fueled asset pump appears over. Dogecoin’s (DOGE) price has fallen notably after social media enthusiasts promoted the asset for days on TikTok in an effort to send the asset to $1. The escapade shows signs of conclusion according to OKCoin CMO Haider Rafique. “The Doge/TikTok effect is really…
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