The South Korean city of Seoul develops own cryptocurrency. The digital coin will receive the name S-Coin and will be used in programs of the social privileges financed by the city.
And with what new projects and altcoins will be there an expansion and examining of an opportunity for more attract hayp by itself?
Remains not clear when the main financial institutions will be ready to entry into the market.
At least several months will be required to see large banks in a game. But when it will occur, the market will receive essential liquidity and public instruments of investment.
Cryptomarket news daily give surprises. The event is connected with a pessimistic external background. Capitalization of the market according to Coinmarketcap of 341 billion dollars. For the last three days some little-known cryptocurrencies appeared in a green zone and that for a while.
The main fears of participants of the cryptomarket are connected with large-scale regulation which is implemented by one jurisdictions and is announced by others. Negative news were aggravated. Thus, nine million clients have been cut partially off from the cryptomarket now and from now on. Except bank of Great Britain, credit cards were vetoed by MBNA, Bank of Scotland and Halifax banks. So the market becomes empty a little and there is every chance entry the market not the first, but in 10 of one of the first.
From a rating and dumping before insider trade in "sacred knowledge" — the cryptocurrency market was and remains the fertile field for various swindles. Some of them unambiguously are illegal, however the most part is in "a gray zone" of lawful and semi-lawful operations.
Manipulation with the market became some kind of open secret - it is the integral line of cryptocurrency trading. But there is a question: whether so it disturbs bidders?
Sources of a problem and Fontas Traders manipulated the markets of cryptocurrencies from the very first days. From the very beginning the bitcoin and altcoins available at not numerous illiquid exchanges, were pumped up and dumped then were pumped up again. People in a flash lost and acquired assets which at that time cost kopeks.
Looking back, It should be noted that traders should have held the virtual state as these "cheap" litecoins in five years have great grown in price (what you won't tell about Feathercoin and Terracoin). Among traders Fontas whose pseudonym literally became a synonym of the scheme of a rating and dumping has especially caused a stir.
Most often similar operations were performed in a chat of the Btc-e exchange known for the popustitelsky relation to illegal activity. It is impossible to tell precisely how many BTC Fontas has earned on the naive beginners who have too late decided on purchase of cryptocurrency.
Having bought promises of Fontas to arrange "explosion of purchases of BTC", they thereby moved price indicators up. Second phase: the closed "rocking chairs" over time the cryptocurrency market became more mature, but frauds haven't disappeared — unfair traders have only switched from public chats to the closed groups in Slack, Discord and Telegram. Process, in fact, remained the same: to buy a cheap asset, to fill demand (throws about partnership and other bull signals are especially popular now) and to resell at peak of cost. Did you about all this know and you use such scheme for earnings and promotion of the project?
The scheme of "a rating and dumping" is an only one example of manipulation with the market and, by the way, the most humane.
There are also other approaches, thinner and with much more adverse effect. For example: The developer acquires an asset and suggests to carry out his double fork on Bitcoin chain to increase cost; The Personnel of the exchange warn narrow circles of traders about the future listing that those have secured the place in the auction till their beginning