Nasdaq Claims It Can Cease Manipulation In Cryptocurrency Market
The Cryptocurrency ecosystem has often been defamed due to the underlying risk of frauds, scandals, and manipulation. In a paper released on Thursday, Nasdaq Inc., stock exchange operator claims that their tools developed over the decades that manage securities, currencies and other markets, can also manage digital coins without the underlying risks.
“Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and advanced technologies to help capture and analyze abusive behaviors including pump-and-dump schemes, insider trading, wash trading as well as spoofing and layering.”
The volatility of cryptocurrencies, along with the lack of government regulation gives a somewhat easy access to fraudulent activities, which has most authorities looking at the ecosystem with a suspicious eye. As a protective measure, the Justice Department had opened a criminal probe into possible manipulation of Bitcoin trading.
“We’re now getting approached every week or two. We won’t work with all of these firms though since a lot of them are quite early stage or not reputable yet.”
Read more: Bitcoin Cash HardFork – Ledger Wallet To Suspend BCH Support On 15 November
Arshmeet Hora
The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.” Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.
