WALKTHROUGH: How traders ‘pump and dump’ cryptocurrencies

November 14, 2017
59 Views

LONDON – “This is the biggest pump community which will help you make money,” reads the ad sent to a Telegram channel with 17,000 followers.

The group in question is the “PumpKing Community.” It is one of many groups on the messaging app that appear to be dedicated to “pump and dumps” — coordinated buying that artificially inflates the price of cryptocurrencies, in the hopes of attracting outside buyers to then “flip” the currency onto at a profit. Other Telegram groups include Pump.im, Crypto4Pumps, We Pump, and AltTheWay.

Cryptocurrency markets remain largely unregulated and so these schemes aren’t technically illegal — …read more

You may be interested

Kylie Jenner Hints At Pregnancy By Calling 4 Dogs Her ‘Babies’? – International Business Times
entertainment
shares28 views
entertainment
shares28 views

Kylie Jenner Hints At Pregnancy By Calling 4 Dogs Her ‘Babies’? – International Business Times

doyelteam - Nov 23, 2017

International Business TimesThe 20-year-old reality TV star recently posted on her app and shared some of the things she's most…

Will ‘She’s Gotta Have It’ Return For A Second Season? Spike Lee Wants To Expand The Show’s World – Bustle
entertainment
shares28 views
entertainment
shares28 views

Will ‘She’s Gotta Have It’ Return For A Second Season? Spike Lee Wants To Expand The Show’s World – Bustle

doyelteam - Nov 23, 2017

BustleConsidering that the Netflix reboot of Spike Lee's She's Gotta Have It is based closely on the 1986 film of…

Every single Amazon Echo, Kindle and Fire device on sale right now for Black Friday
technology
shares31 views
technology
shares31 views

Every single Amazon Echo, Kindle and Fire device on sale right now for Black Friday

doyelteam - Nov 23, 2017

What would Black Friday be without big discounts on just about every Amazon gadget on the company's website? This year,…