Representations of the ripple, bitcoin, ethereum and litecoin virtual currencies on a personal computer motherboard. The recent explosion of nearly 2,000 cryptocurrencies in a largely unregulated environment has greatly expanded the scope for abuse in the trading of these digital assets, according to a new study. Photo: Reuters

Cryptocurrency market rife with ‘pump-and-dump’ schemes, study shows

  • The scale of the fraud is ‘widespread and often quite profitable’, and should alarm regulators, according to a new academic paper
Topic |   Digital currencies

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Representations of the ripple, bitcoin, ethereum and litecoin virtual currencies on a personal computer motherboard. The recent explosion of nearly 2,000 cryptocurrencies in a largely unregulated environment has greatly expanded the scope for abuse in the trading of these digital assets, according to a new study. Photo: Reuters
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