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Do you Believe in Market Hive

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Markethive ILP’s are nominated in $, so if you have just a small amount of Bitcoin 0.12571 you can sign up for $1,000 ILP. You can also use BCH, ETH,XMR or ZEC.

Remember you loan is secured with a corresponding amount of or own coin MVH, so in fact your investment is changing bitcoin for another cryptocurrency. Additionally, as Markethive starts to earn money as it grows you will start receiving a regular income from profits.

I have already used 50% of my bitcoin holding to set up an ILP, because I believe the future of the company is bright and I have nothing to lose.

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Entrepreneur,
 

If you want to follow my lead Click Here 

See you at todays meeting

David https://markethive.com/david-ogden

Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments

 
Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments
            

Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS),

said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital currencies. Mohanty delivered his comments at the Blockchain in Business event at the Massachusetts Institute of Technology on May 2.

Mohanty revealed that back in 2016, policy makers did not have a clear understanding of what blockchain is, so the MSA — Singapore’s central bank — decided to experiment with the technology to better understand it. The  MSA has since learned a variety of blockchain-related use cases, including how to deploy the technology to organize payments in the banking system, settle payments against securities, as well as how to conduct cross-border payments, said Mohanty.

He continued that, while the agency came to recognize the efficiency gains the technology could bring, it did not see a compelling future for retail bank digital currencies. As an example, Mohanty referenced the central banks of Singapore and Canada having successfully used their blockchain networks to send each other digital currency. Commenting on the development,

Mohanty said then:

“The next wave of central bank blockchain projects can make further progress by bringing technology exploration together with policy questions about the future of cross-border payments.”

In January, the MAS warned the public against an alleged scam, which claimed a cryptocurrency was officially adopted by the government. Apart from reporting on the new crypto scam, the MAS also warned the public in the statement about common problems in investing in cryptocurrencies or digital tokens, emphasizing that such investments are associated with high risk.

Article Produced By
Ana Alexandre

Total change in her career took Anastasia into the world of analytics and business information as a researcher and translator in 2010. Some time later she got into FinTech, a dynamically developing segment at the intersection of the financial services and technology. Ana joined Cointelegraph in September 2017.

https://cointelegraph.com/news/singapore-regulator-recognizes-potential-of-blockchain-for-cross-border-payments

David https://markethive.com/david-ogden

Seven Cryptocurrency Trends to Look out for in 2019

Seven Cryptocurrency Trends to Look out for in 2019

    Another year is coming,

filled with fresh optimism and newfound determination to make 2019 the year when cryptocurrencies take over. Having gotten their calls badly wrong for 2018, so-called experts will be hesitant to make bullish price predictions for 2019. That’s probably for the best since there are far more interesting things to focus on than price action. Here are seven trends that should dominate the cryptosphere over the next 12 months.

2018 Didn’t Play Out the Way it Was Promised

                                                 

This time last year, all kinds of bold predictions were being issued for what 2018 would hold for the crypto space. In the event, the biggest trend of the year was one which few futurologists foresaw – stablecoins. 2018 will go down as the year the markets went south and ICOs died off, leaving a new wave of digital assets to shine – dollar-pegged stablecoins. Love, hate or tolerate them, there’s no denying that stablecoins were a recurring motif this year. Whether they will continue to dominate in 2019 depends to a large extent on how conventional crypto assets perform. Should the current bear market persist, or bite deeper still, stablecoins will remain ubiquitous. If more favorable market conditions return, however, stablecoins will be forced to take a back seat, leaving the following trends to joust it out in 2019.

New Privacy Protocols Will Gain Traction

With the Mimblewimble-powered Grin and Beam cranking into life, the stage is set for 2019 to be the most private year in crypto in a long time. The last few years of encroaching blockchain surveillance have stripped away a lot of the anonymity that cryptocurrency users once took for granted, but the fight back has begun. It’ll take more than a single privacy protocol to restore the imbalance of course, so it’s just as well there’s a host of privacy-minded tools set to come onstream.

Aside from the Mimblewimble coins, there’s the prospect of Bitcoin Core getting Schnorr signatures next year, which could open the door to privacy tech such as Coinjoin at some point. Before then, we’ll be seeing a lot of other pro-privacy platforms, apps and protocols gaining traction. Wasabi Wallet, a privacy-focused BTC wallet, will hoover up new users, while Ethereum may get its own take on confidential transactions courtesy of Aztec protocol. Stablecoins could get private too should Zkdai – zero-knowledge DAI transactions – become a thing. Pro-privacy projects like Dust and Loki should also make progress, while new projects such as Resistance, a privacy coin and accompanying DEX, are in the works.

STOs Will Replace ICOs

2018 was meant to be the year of security tokens until it wasn’t. That prediction can be rolled over to 2019, however, when it might just come true provided the technical and regulatory hurdles can be cleared by enough applicants. What’s beyond dispute is that 2018 killed the ICO, and no one is tipping the crowdfunded utility token model to rise again. The increased legal and compliance costs of holding an ICO, which now average around $1 million, have put paid to the vast majority of initial coin offerings.

   

The ICO market died off dramatically in 2018.

Amazix head analyst Jose Macedo believes the security token offering (STO) will become the standard model most crypto-based projects deploy. “While utility tokens are far from dead, what the industry has now realized is that few of these token economic models actually made sense in terms of long-term value capture,” he explains. “As a result, we’re seeing a lot of projects come to us looking for help in either launching their STOs or restructuring their ICOs as STOs,” adds Macedo.

He continues:

We’re also seeing a lot more STO infrastructure be built out in terms of quality legal, token sale platforms, book-building firms, exchanges etc … As of right now, we have about $1B worth of STOs partnered with us looking to launch in 2019.

While security token projects are poised to launch in proactive territories like Malta and Gibraltar, where regulatory frameworks have been drawn up, slower progress is expected in the U.S., where fundraising options are limited. There, the SEC will likely deem most ICOs to be issuing securities. American crypto-based projects are no closer to being granted Reg A+ approval to launch an STO, despite some, such as Gab, having filed the paperwork over a year ago.

Decentralized Credit Networks Will Take Off

Decentralized credit networks made huge strides this year in terms of infrastructure development. The tools necessary to facilitate collateralized loans, social credit and open finance have been fine-tuned and proven to work. 2019 will be when they scale up and start to serve the sort of users they were envisioned for – global citizens who’ve been excluded by the current financial system.

Crypto debt markets and credit networks will be bolstered by the growth of projects like Dharma Protocol, GEO Protocol, Nexo, and Maker DAO. Maker’s system of multi-asset over-collateralization will be emulated, having proven its robustness through extreme market volatility this year. Multi-collateral dai will see a wide range of applications in 2019, as the number of users grows with the number of assets that can be collateralized. 2018 was all about ETH, but in 2019 Maker will accept BTC, ERC20s and other crypto and non-crypto assets.

Other Trends to Expect in 2019

It’s possible that 2019 could be the year when one or more dapps finally sees mass adoption, but don’t count on it. It may also prove to be the year when the first viral  blockchain game arrives. At the very least, crypto collectibles and virtual reality projects will attract fresh investment, with non-fungible tokens (NFTs) tethering them to public blockchains to facilitate the trading of digital assets. Once Decentraland’s virtual world launches in 2019, a meeting ground for all kinds of crypto games and projects will be established.

The Bitcoin Cash community will continue to find new ways to spend and receive peer-to-peer cash, while the BTC brigade will have optimism that 2019 will finally be the year when the Lightning Network proves its suitability for something more than purchasing stickers. Custodial services for institutional investors will improve, bringing new money into the crypto space (but probably not propelling crypto assets to new highs). NYSE’s Bakkt will launch, bringing physical BTC futures contracts, and there’s an outside bet the SEC might approve a bitcoin ETF. Stripped of much of the greed that characterized the dawn of 2018, and with 12 months of robust infrastructure work completed, 2019 is shaping up to be an exciting time for cryptocurrency users from all tribes, countries and continents.

Article Produced By
Kai Sedgwick

Kai's been playing with words for a living since 2009 and bought his first bitcoin at $19. It's long gone. He's previously written white papers for blockchain startups and is especially interested in P2P exchanges and DNMs.

https://news.bitcoin.com/seven-cryptocurrency-trends-to-look-out-for-in-2019/

David https://markethive.com/david-ogden

Will The Online Tech Cartels Have The Ability To Continue To Threaten Society?

Will The Online Tech Cartels Have The Ability To Continue To Threaten Society?

          

 

 

 

 

 

 

A great many people fear and despise consortiums because they monopolize their markets and crush rivalry. Yet, that is only a glimpse of a larger problem of the danger they hold.

The risk that tech conglomerates pose to the democratic society is not just about the costs they impose, it's the centralization of authority, information, and command over the public sphere and their capacity to employ this control over a developing number of commercial enterprises, particularly in the framework and innovations of things to come. The organizations mentioned here work as either syndications or oligopolies in their individual fields – Google, Facebook, Uber, Airbnb, Amazon, Twitter, Instagram, Spotify. They are all integrated.

It's becoming well-known that Google, Facebook, Amazon, and others collect our data to sell ads. Google will offer you free security providing it can observe you and use your data. There are flaws in technology which does render an insecure internet, however, it can be argued that it's the most powerful engineers that are the machinators to serve their own purpose. You could say this is the business model of the internet.

Technology evolves so quickly, but there was a time when it was difficult or expensive to store our data and also because its value was minimal, however now that data storage is very inexpensive, it can all be saved. This is basically surveillance data (big data) and used by these conglomerates as it supports the advertising standard that

underpins alot of the internet.

While these companies continue to buy, sell, trade and store our personal data, it’s in danger of being stolen. What's more, as long as they utilize our data, we are in jeopardy of it being used against us.

Although, as privacy, freedom of choice and speech along with the distribution and displacement of public data become more of an issue for us as a society, many are waking up. There have been visionaries, engineers, thought leaders that have been aware of the events that have affected democracy on a global scale. People all over the world are hurting. They're scared, depressed, suppressed and confused. It's making people sick and although we live in the information age and can acquire whatever we need to know with a single click, a good many people are ignorant or in denial to what has been happening. It's also a case of who do you believe and trust!

As of the third quarter of 2018, Facebook has 2.27 billion monthly active users. These are users that have logged in over the last 30 days. All of them rely on Facebook to fulfill their needs, whether it be for personal, social or business. Imagine the magnitude of what compromised data and personal information would have on the individual and as a collective.

WHAT IS ON THE HORIZON
We are entering into a trustless technology. We are moving away from centralized authority and domination that have ruled our lives in many aspects of life, particularly the internet. We are now shifting to a decentralized method of connecting, communicating and transacting globally.

With the onset of Blockchain technology across many industries, not just crypto, also Health, Real Estate, Education and even Social/ Market Networks, creates an opportunity for people to "get off the grid" so to speak. This is the answer to our fears and uncertainty. This is being seen as a natural progression or evolution in the field of technology and the internet that we have so readily become accustomed to.

 

 

 

 

 

 

 

The Blockchain solves many issues we as a community are dealing with.

It offers the assurance of privacy and security by storing data, information, and activities across a network of computers, making it a decentralized distributed ledger. There is no centralized authority making rules and decisions that are not in the best interests of its clients. This allows transparency. As more industries utilize the blockchain technology the more entrenched it will become into our daily lives and we'll wonder how we ever lived without it.

This is intricate technology and really needs to be implemented at the company’s inception. If an established company with enormous stored data collected over the years tried to introduce the blockchain, the success of it operating at full capacity with stability and scalability is extremely slim. As for the monopolies out there today, like Facebook and Google, they have collected so much data it would be near impossible to merge. So it would be fair to say that the evolution of the tech industry has rendered the oligopolies outdated with very little chance to be competitive in the new era of innovation which promises to be a fairer, more independent and transparent system for all.

CONCLUSION
Blockchain has absolutely revolutionized the world and will soon give rise to a new era of the internet even more disruptive and transformative than the current one. Blockchain, or distributed ledger technology, has the capacity to produce unparalleled opportunities to create and trade value in society will prompt a generational shift in the Internet's advancement, from an Internet of Information to a new generation Internet of Value. It’s time to start embracing this niche.

Article Produced By
Deb Williams

I am a freelance writer for the Market Network and crypto/blockchain industry. I'm a strong advocate for technology, progress, change and freedom of speech.

https://steemit.com/blockchain/@trueword/will-the-online-tech-cartels-have-the-ability-to-continue-to-threaten-society

David https://markethive.com/david-ogden

DOES THIS MARKET INDICATOR CONFIRM THE NOVOGRATZ PREDICTED REBOUND?

DOES THIS MARKET INDICATOR CONFIRM THE NOVOGRATZ PREDICTED REBOUND?

DOES THIS MARKET INDICATOR CONFIRM THE NOVOGRATZ PREDICTED REBOUND?

Bitcoin bull and highly cited cryptocurrency proponent Mike Novogratz called “bottom” this week on Twitter. On Friday, Bitcoin’s market performance and key market reversal indicated a possible turning point. What will Monday bring? Is the market still too bearish?

 

BITCOIN COULD HAVE OVERSOLD

According to a Friday report from Bloomberg, a key market sign — the Williams %R Indicator — is showing the market for Bitcoin (BTC) $6517.38 -0.04% has “oversold.”
 

This may portend that the great Bitcoin selloff is finally over. The Williams %R Indicator moves between a level of 0 and -100, showing an overbought or oversold market.
 

According to Bloomberg’s chart below, that measure is sitting at -83. This equates to an oversold market. The last time this level was reached Bitcoin price subsequently rose 22%, says Bloomberg.

NOVOGRATZ FORECASTS BOTTOM AND REBOUND TO EQUAL 2017 BOOM

On September 13, 2018, Mike Novogratz referred to the Bloomberg Galaxy Crypto Index Chart, asserted a low, and likened market performance to “the point of acceleration that led to the massive rally/bubble.” He finished his tweet with the hashtag #callingabottom.
 

PRE-WEEKEND RALLY… WHAT WILL MONDAY BRING?

On the day of Novogratz’ tweet, Bitcoin’s value began at $6337.46 before rising to $6589.32. Over the weekend the price has fallen back, but not too far —$6495.18at the time of writing. Monday and next week’s trading will likely prove or disprove Novogratz and Bloomberg’s theories.

As per Bitcoinist’s analysis today, we could be looking at a slow and steady recovery towards $7000 or it could be an “oversold” bounce. We predict Bitcoin is “well situated” for short-term gains, but could still be victim to a bearish market.

Novogratz isn’t the only confident bull. Tim Draper, speaking at a DealStreetAsia summit in Singapore last week predicted the total market capitalization for cryptocurrencies will reach a whopping $80 trillion by 2023. As of today, Bitcoin is still dominating the cryptocurrency markets, with 55% of the total market capitalization invested in Bitcoin alone.

Bullish or Bearish? Where are your sentiments today? What do you think next week will bring?

 

MELANIE KRAMER | SEP 17, 2018 | 00:00

David https://markethive.com/david-ogden

Dogecoin Price Holds Strong Through the Crypto Market Crash

 Dogecoin Price Holds Strong Through the Crypto Market Crash

Ether-Doge Bridge, Amazon Petition, and Community Support hold DOGE afloat

The current cryptocurrency market sentiment looks anything but promising. Bitcoin’s price decline is dragging all other currencies and assets with it, which is only to be expected. Surprisingly, Dogecoin’s price is far more stable than any other offering amid this bearish pressure. The meme coin is slowly maturing in major ways, by the look of things.

Dogecoin Price Remains Relatively Stable

These past two weeks have been rather interesting for all cryptocurrencies. Despite some extended positive momentum, pretty much all recent gains have been wiped out once again. One exception in this regard is the Dogecoin price, as it has lost far less value compared to all other competitors on the market. A surprising show of stability, especially for a currency most people still consider to be a meme first and foremost.

With a modest decline of 4.51% over the past 24 hours, the Dogecoin price is successfully bucking the onslaught across the cryptocurrency markets. This is partially because DOGE has gained a lot of value over Bitcoin in the past few hours, even though the 9.3% increase isn’t sufficient to negate all USD losses either. Even so, it shows this crypto remains very popular despite the current market conditions. There are a few good reasons as to why Dogecoin is the center of attention right now. Developers are working on a bridge between Dogecoin and ERC20 tokens. That solution will attempt to exchange DOGE and ERC20 tokens in a decentralized manner without involving any intermediaries. The testing of this new “bridge” is going according to plan, as can be seen from the video below.

Second, there is the petition for Amazon to add Dogecoin. While the chances of the petition actually working are low – Amazon doesn’t care too much about cryptocurrencies without the lack of industry regulation – the PR stunt is bringing DOGE to the spotlight and providing its price with support. More specifically, it appears over 11,000 signatures have been collected so far, which is rather impressive. The result of reaching the full 15,000 signatures may not matter much in the end, but it does show that a lot of people care about the currency, which is rather heartwarming.

Last but not least, Dogecoin has a lot of active network addresses, especially when compared to the rest of the industry. In fact, Dogecoin ranked third in overall active network addresses over the past 24 hours, trailing both Bitcoin and Ethereum. The meme coin successfully beats Litecoin, Bitcoin Cash, NEO, and EOS, to name just a few.

All of these positive trends show Dogecoin is far from dead. While it is not the most “appealing” cryptocurrency for speculators, it has one of the bigger communities one can find in all of crypto. The enthusiasm surrounding DOGE cannot be underestimated, and the current Dogecoin price trend seems to confirm the project is in a relatively good place as of right now.Do you think DOGE’s price will remain steady? Is DOGE going to the moon after this bearish wave is over? Let us know in the comment section below.

Article Produced By
JP Buntinx

http://jpbuntinx.com

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers.

https://nulltx.com/dogecoin-price-holds-strong-through-the-crypto-market-crash/

 

David https://markethive.com/david-ogden

NYSE parent launches digital currency exchange

NYSE parent launches digital currency exchange

NYSE parent launches digital currency exchange

 

Bitcoin is coming to the Big Board — sort of.

The parent company of the New York Stock Exchange is pushing for digital currencies to reach the investing mainstream through a new marketplace backed by some of Wall Street’s biggest investors.

The InterContinental Exchange said Friday it had formed Bakkt, a new exchange-like company for investors to trade bitcoin and other digital assets.

The company, led by Kelly Loeffler, the wife of ICE Chief Executive Jeff Sprecher, plans to start trading bitcoin futures in November via its app, it said.

Bakkt has partnered with Starbucks, which hopes the seamless bitcoin app will easily convert the digital asset to dollars — that can be used to buy its products.

Like leaders of other cryptocurrency firms, Loeffler has a lofty goal for Bakkt — nothing less than replacing credit cards with her bitcoin app.

Bakkt’s investors are “expected” to include Microsoft’s venture capital arm, Fortress Investment Group, and Michael Novogratz’s Galaxy Digital.

Author Kevin Dugan

David https://markethive.com/david-ogden

Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS

Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS

Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS

 

US-based cryptocurrency exchange and wallet service Coinbase sent an official notice Friday, Feb. 23 to approximately 13,000 of its customers whose information it is legally required to turn over to the US Internal Revenue Service (IRS).

 

The IRS had initially asked Coinbase in July 2017 to hand over even more detailed information on every one of its then over 500,000 users in an attempt catch those cheating on their taxes. However, another court order in Nov. 2017 reduced this number to around 14,000 “high-transacting” users, which the platform now reports as 13,000, in what Coinbase calls a “partial, but still significant, victory for Coinbase and its customers.”

 

On Friday, Coinbase told the around 13,000 affected customers that the company would be providing their taxpayer ID, name, birth date, address, and historical transaction records from 2013-2015 to the IRS within 21 days.

 

Coinbase’s letter to these customers encourages them “to seek legal advice from an attorney promptly” if they have any questions. Their website also states that concerns may also be addressed on Coinbase’s Taxes FAQ.

 

The ongoing legal battle between Coinbase and the US government dates back to November, 2016, when the IRS filed a “John Doe summons” in the United States District Court for the Northern District of California.

 

On Feb. 13, personal finance service Credit Karma released data showing that only 0.04 percent of their customers had reported cryptocurrencies on their federal tax returns so far this tax season.

 

 

 

Author Molly Jane Zuckerman

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

David https://markethive.com/david-ogden

Crypto Mining Craze Creates Global GPU Shortage

Crypto Mining Craze Creates Global GPU Shortage

Crypto Mining Craze Creates Global GPU Shortage

The cryptocurrency bull run of 2017 attracted multitudes of investors looking to get rich quick but it also created a mining boom that has resulted in a worldwide shortage of computer components.

 

Miners Plunder Singapore, Hong Kong For Cheap Rigs

Scores of miners from around the world come to the electronics bazaars in Asia to buy cryptocurrency rigs. Hong Kong’s Sham Shui Po and Singapore’s Sim Lim Square to name just a couple are jammed with people of all ages ordering specialized rigs.

This new demand for mining rigs has revitalized these electronic markets that were dying only a few years ago when shoppers turned online for computers, cameras, and gadgets of all kinds.

“It’s 30-50 percent cheaper to buy equipment related to crypto-mining in Hong Kong than in Europe,” Russian bitcoin miner Dima Popov said. This is because Hong Kong has no sales tax and is in close proximity to Chinese components manufacturers.

Miners are demanding more powerful rigs that can include up to 500 graphics cards each which has created a worldwide shortage of the cards allowing manufacturers and retailers to gauge buyers on the price.

 

Scarce GPU Cards Selling At Double Price

The market for high-end graphics cards used to work like anything else. You went to the electronics shop, found the card you wanted and paid just about the Manufacturer’s retail price. Today due to the escalating demand from mining you’ll most likely find the shelves that once held them bare but if you do actually what your looking for expect to pay a premium.

These high-end graphics cards are the most efficient way to mine cryptocurrency and as hobbyist miners and big players alike scramble to snatch up as many as they can prices go through the roof. Last summer popular GPU’s like the AMD Radeon RX 580 sold for about $250 at retail, today the price is more likely to be over $500 and that is if you can find them.

Checking the price of the 5 most popular graphics cards from last year and comparing it with the updated version shows a general price increase of between 70 and 100%. This leaves many wannabe miners trolling online for the best deals on new or even second-hand cards. Buying older cards though means slower computing ability which reduces the profitability of a rig.

Rigs using, for example, a high-end Nvidia Geforce GTX 1080 ti card costing around $1,300 (MSRP) can earn as much as $10 dollars a day at current crypto values. This means that the card may pay for itself in about 4 months.

String the math out and it’s easy to see how a fair sized rig can make a very nice profit over a year or more. Retailers reported a dip in demand for the cards during the crypto market correction but now that Bitcoin and it’s like are on the rise sellers and manufacturers are looking for demand to reach and surpass 2017.

Author JMCMAHON • FEB 21, 2018 • 05:02

 

Posted by David Ogden Entrepreneur
David Ogden Crptocurrency Entrepreneur

David https://markethive.com/david-ogden

CFTC Warns Against Cryptocurrency Pump-and-dump Schemes

CFTC Warns Against Cryptocurrency Pump-and-dump Schemes

CFTC Warns Against Cryptocurrency Pump-and-dump Schemes

The rising popularity of cryptocurrencies is of great concern. Especially when it comes to pump-and-dump schemes, there’s reason to be concerned. As such, the CFTC issued an official warning against this type of market manipulation. They advise customers to avoid such schemes, especially when it comes to small and new altcoin markets. It is evident doing one’s research is always the best course of action.

In the world of cryptocurrency, pump-and-dump schemes are nothing new. In fact, they are a lot more common than some people might think. The CFTC has issued an official warning on this topic earlier this week. This is quite a surprise, even though it is evident consumers need to be aware of these manipulative efforts. Especially smaller cap coins and new alternative cryptocurrencies pose a significant risk in this regard. Moreover, it is always best to avoid any promotion on social media altogether.
 

Avoiding Cryptocurrency Pump-and-dump Schemes

This seems to stem forth from the recent BitConnect issues. That pump-and-dump scheme caused hundreds of millions in financial losses. It was mainly promoted on social media and YouTube. The CFTC doesn’t want history to repeat itself in this regard. They now want consumers to blow the whistle on any suspicious currencies first and foremost. It’s always better to submit tips than ignore pump-and-dump schemes altogether. Whether or not the general public will follow this guideline, remains to be seen.

According to the CFTC, pump-and-dump schemes in the cryptocurrency world take place on social media first and foremost. Online chat rooms, such as the ones on Telegram, are also problematic in this regard. Ignoring these buy signals will prove to be rather difficult for a lot of novice users. It is these people the marketers and scammers prey on first and foremost. A lot of people never do any research for specific coins or projects, even though they really should.

For now, the CFTC will not undertake further action against pump-and-dump schemes. They are not in a position to do so either, unfortunately. It is evident users need to conduct their due diligence first and foremost. Those who purposefully defraud other investors will face legal issues sooner or later, though. Anyone participating in market manipulation also violates the law. It is evident this new financial industry needs some boundaries first and foremost. Cracking down on pump-and-dumps is the right way to go in this regard.

 

Author JP BUNTINX • FEB 18, 2018 • 03:02

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

David https://markethive.com/david-ogden