RATE Group | Crypto Scams on the Rise and Can Still Affect Bitcoin’s Price
86002
post-template-default,single,single-post,postid-86002,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Crypto Scams on the Rise and Can Still Affect Bitcoin’s Price

18 Apr Crypto Scams on the Rise and Can Still Affect Bitcoin’s Price

Posted at 10:43h in Cryptocurrency News by

Bolstered by the new coronavirus pandemic, scams continue to be rampant in the cryptocurrency world. From malware to fake investment programs and even fake donations to health organizations, scammers are known for taking advantage of desperate times and desperate people. One of the most prominent scams in the industry, PlusToken, has come under the spotlight again after rumours emerged that the March crash was caused by its operators selling their stolen Bitcoin (BTC).

According to research by Chainalysis, a blockchain analysis company, PlusToken did not cause the “Black Thursday” sell-off of March 12. In a recent webinar, Chainalysis sought to bring clarity to the impact of the COVID-19 pandemic on cryptocurrency markets by analyzing key points in on-chain data such as exchange inflow and more.

During the presentation, Philip Gradwell, the chief economist at Chainalysis, addressed a somewhat common opinion that the crypto market crash that happened March 12 to March 13 was

Source link

Tags:
, , , , ,