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10 Million Paxos Stablecoins Minted 18 Hours After Allegations Against Rival Tether

More than 10 million Paxos stable coins have been minted following the New York Attorney General’s bombshell allegations against the operators of rival stablecoin Tether. The New York Attorney General recently released allegations against Bitfinex, providing evidence revealing how they lost $850 million in customer and corporate funds to an offshore Panamanian company by the name of Crypto Capital Corp. It is alleged that the firm made attempts to cover their tracks by borrowing reserves from Tether, the company behind dollar-pegged…

When Bankers Engage in Crypto Style Pump Groups

When looking at manipulation, it’s common for market novices to take a negative view seeing it as criminal and unfair. Actually though, it’s instructive to note that manipulation is simply an act of forcing your opponent into making several mistakes. It’s an act of strategy and is the way that experienced market participants earn their daily bread. This is why major financial institutions continuously engage in rigging schemes in order to push and pull markets in whichever direction suits themselves.…

Marching to the Beat of The Market Maker’s Drum

Our cryptocurrency markets aren’t any different to the financial arenas that have been in existence since the opening of the world’s first public stock exchange in Amsterdam, in 1602. Since then, the art of buying something cheaply and then selling that thing at a premium has remained the same. Initially the trading of securities and commodity futures was a practice reserved only to the wealthy elite and their financiers. During the 17th century this practice was conducted behind the private…

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