Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: fitload on October 03, 2018, 11:48:23 AM
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Price manipulation in cryptocurrencies is a growing concern for regulators and even for some proponents of the digital coins, and investors across the globe.
On Tuesday, 2 October 2018, the Wall Street Journal (WSJ) reported that “trading bots” (automated trading software) are behind some of the price manipulations on crypto exchanges.
The WSJ argued that the lack of proper regulation in virtual coins markets is the main reason why bots are allowed to hurt the markets’ reputation and individual investors.
“The bot’s strategy was similar to ‘spoofing,’ a practice in which traders enter fake orders only to cancel them. Such programs automatically execute trade orders at a speed that is faster than any human is able to.
And its tactic is aimed at...
Read More: https://news.bitzamp.com/wsj-report-trading-bots-are-manipulating-digital-currency-prices/ (https://news.bitzamp.com/wsj-report-trading-bots-are-manipulating-digital-currency-prices/)