RATE Group | Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme
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Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme

05 Sep Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme

Posted at 03:30h in Bitcoin News by

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Bitcoin Dark (BTCD), a cryptocurrency that planned to compete with Bitcoin and has been around since 2014, has recently seen its price surge from about $20 to a $100 peak in a matter of hours, before correcting to $80 at press time.

This means the cryptocurrency is currently up by over 277% in the last 24-hour period. Historical data shows its trading volume has also surged, form an average of about $100,000-$200,000 a day to nearly $1 million.

The cryptocurrency, according to CoinMarketCap data, is currently traded on Poloniex and Trade by Trade. Its trading pairs on Poloniex – BTCD/BTC and BTCD/XMR – account for little over 90% of the cryptocurrency’s trading volume.

At press time, the pairs are seemingly unavailable on Poloniex as the exchange shows users a message that reads BTCD is “under maintenance or experiencing wallet issues.” It notes deposits and withdrawals are disabled while the exchange works to “find, test, and audit a solution.”

The…

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