Bots are manipulating the value of digital currencies on cryptocurrency exchanges, the Wall Street Journal has reported.
These automated trading programs allow traders to operate faster than a human would be able to but setting rules for trades, submit orders and enabling automatic execution. They are not automatically bad, but can be utilised for manipulative ends.
Nevertheless, the WSJ partially blames this “rampant” activity on a lack of regulation in the sector. According to trader Kjetil Eilertsen, who developed market manipulation tool Quatloo Trader, it would be pointless to ban such activities.

This post is an exerpt of an original post published on Crypto News Review. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.

Excess energy from Icelandic farms is being used for crypto mining

A farmer in Iceland has reportedly come up with a way to solve cryptocurrency’s massive contribution to the world’s energy crisis, by utlising farmers’...

Crypto-mergers and aquistions have more than doubled since 2017

Mergers and acquisitions among cryptocurrency companies has more than doubled in the last year according to a new report for JMP Securities. Despite a price... loses 50m tokens in mysterious cold wallet theft

The Deerstalkers come out as Swiss crypto exchange suffers intriguing ‘hack’.While, to any observer of the cryptocurrency industry, the news that the exchange

Blockchain salaries are going through the roof

A salary comparison suggests that blockchain engineers are now earning as much as artificial intelligence specialists… A new report from America suggests that, as more...

Shaving company backed by Usain Bolt and Ronaldinho to launch ICO this month

The Champion Coin is coming, from a company backed by Usain Bolt, Ronaldinho Gaucho and Dominique Wilkins… Back in 2016, a trio of sports stars –...

American city bans cryptocurrency mining for a year, amidst environmental concerns

A town in the Washington area puts the freeze on new cryptocurrency mining operations… Hot on the heels of warnings over the state of the...