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What is market manipulation in cryptocurrency?

December 2, 2023 Coin Telegraph

Coin Telegraph

Market manipulation in cryptocurrency involves artificially influencing prices or trading volume to deceive investors.

Market manipulation in the crypto sphere, explained

In the cryptocurrency space, market manipulation refers to the deliberate use of different deceptive strategies to artificially inflate or deflate the price of cryptocurrencies.

One of the signs of market manipulation includes sudden, unusual price increases or decreases that have nothing to do with important news or trends.

Moreover, persistent anomalies in the market or opaque trading methods may indicate manipulative activity, raising doubts about the market’s integrity among investors and authorities. Also, pump-and-dump schemes are prevalent in the crypto sphere, where a group deliberately inflates the price of a cryptocurrency by disseminating false information to entice buyers, who subsequently sell their holdings at a profit.

Additionally, whale manipulation is a market manipulation technique used by large holders, or whales, to purposefully buy or sell huge sums of a cryptocurrency to manipulate its price. Moreover, spoofing — the practice of placing huge buy or sell orders and then canceling them before they are executed to simulate a false sense of market demand — aims to manipulate the crypto market.

Crypto markets are also impacted by insider trading, which is the practice of people making trades based on secret knowledge.

Web3 gaming investors more ‘choosy’ in crypto winter — Animoca’s Robby Yung

October 31, 2023 Coin Telegraph

Animoca Brands

Animoca Brands CEO Robby Yung says investors have been more discerning when allocating capital to Web3 gaming projects during crypto winter.

Investing in Web3 gaming has required a greater level of due diligence through a testing cryptocurrency bear market, according to Animoca Brands CEO Robby Yung.

Yung, who is also co-founder of popular Metaverse platform The Sandbox, highlighted more robust check-boxes when considering Web3 gaming investments while speaking at the European Blockchain Convention in Barcelona.

The Animoca Brands CEO said that investment propositions involve finding a mix of passionate teams with specific skill sets who are building product ideas that have a clear market fit:

“Now that we’re in a sort of crypto winter and an economic downturn, from the investor perspective, we can afford to be quite choosy because, obviously, capital is scarce.”

Yung added that the stage of development of prospective projects that Animoca Brands considers investing in is typically more mature when compared to the standards it had a couple of years ago.

*Tim Stingelin, Leo Khan, Robby Yung and Saro McKenna delve into the state of Web3 gaming at the European Blockchain Convention 2023 in Barcelona. Source: Cointelegraph*

Investors are more demanding as a result, requiring tangible progress for projects that are seeking to raise capital:

“You have to have an alpha build. Ideally, you have some kind of user testing out there when you first go out and look for external capital. It’s very difficult to raise just on the basis of the business plan in this market.”

While investors may be more discerning, Yung also conceded that companies continue to raise money and that the second half of 2023 has been a testament to that, with a number of deals being done:

“It has improved a lot, but there has been a flight to quality.”

User acquisition also remains a hurdle for the Web3 gaming space, which Yung attributed to challenges around the distribution of games. He pointed to hesitance from mainstream gaming platforms to list games that have Web3 infrastructure:

“We’ve historically been unwelcome in most traditional gaming distribution platforms, whether that’s mobile app stores, Steam or console platforms.”

Yung believes that mainstream players remain uncertain about the implications of including Web3 infrastructure in their offerings, which has initially led to a knee-jerk reaction:

“I think that the idea of putting Web3 infrastructure in would bypass their business models, as in the fees that they take for distribution.”

The Animoca Brands CEO added that the conclusions drawn prevented players like Steam, EA and Epic Games from learning more about the possibilities and engaging with the Web3 community to find solutions that cater to the wider gaming market.

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Bitcoin Amsterdam: BTC shines in depths of crypto bear market

October 17, 2023 Coin Telegraph

Bitcoin

Prominent Bitcoin developers and market analysts highlight BTC’s relative performance to the broader cryptocurrency markets at Bitcoin Amsterdam.

The Bitcoin (BTC) value proposition continues to be a source of confidence for investors and proponents amid prevailing depressed market conditions in the broader cryptocurrency space.

This was a key takeaway from in-depth interviews with Bitcoin developers, advocates, analysts and influential figures during the Bitcoin Amsterdam 2023 conference.

Jameson Lopp, the CEO of Bitcoin custody firm Casa, provides food for thought with less than a year to go before Bitcoin’s next mining reward halving. In a conversation with Cointelegraph, the Bitcoin advocate and software engineer said BTC’s value proposition has been a stronghold through months of tough market conditions:

“During the bear market, so many people have lost money on all these other tokens. Once again, Bitcoin is shining as the safer asset.”

Dylan LeClair is another prominent voice in the Bitcoin space who continues to advocate the fundamentals of the asset amid an unprecedented economic landscape in the United States. The Bitcoin analyst tells Cointelegraph that the average investor continues to “passively plow” into a basket of government bonds and U.S. companies in the hopes of making money over the long term.

LeClair admits that while no analyst can guarantee returns on investments in any one asset or vehicle, there is an increasingly strong argument for the long-term potential of Bitcoin:

“Nothing is guaranteed, but its fundamentals suggest that in a very long time frame, you’re going to be securing a very good store of value. Like how people used to buy property or buy gold, whereas it has digital characteristics.”

The analyst adds that Bitcoin continues to be a means for citizens of countries facing hyperinflation to safeguard and control their wealth:

“The people using Bitcoin — the true adopters — have more conviction than ever, and it’s more widespread than ever. People in third-world countries are using Bitcoin not because it’s fashionable or hyped. It’s because they’re using it to save them from losing everything.”

*Cointelegraph journalist Joe Hall (right) hosts a panel featuring Rene Pickhardt and Jimmy Song during Bitcoin Amsterdam 2023. Source: Cointelegraph*

Meanwhile, Bitcoin developer and educator Jimmy Song tells Cointelegraph that altcoins have detracted from the transformational potential of Bitcoin by “muddying the waters between centralization and decentralization:”

“We’re seeing how a lot of people think that Sam Bankman-Fried is somehow the CEO of Bitcoin — it’s just dirtying Bitcoin’s good name.”

Song also suggests that various cryptocurrency projects have co-opted Bitcoin’s reputation for their own gain, which has left unsuspecting investors the ultimate losers:

“People get confused, they get screwed out of it, and then they swear off crypto forever or something like that, not having ever understood anything about it.”

Prince Filip Karađorđević of Serbia spoke to Cointelegraph just before hosting a one-on-one with President Miguel Albuquerque of Madeira. The autonomous Portuguese archipelago is set to launch a Bitcoin business hub as a means to drive the adoption of the cryptocurrency.

Karađorđević has become a Bitcoin advocate in recent years and now works for Jan3, a Bitcoin firm founded by Samson Mow looking to drive nation-state use of BTC. Conversations centered around the potential of Bitcoin highlighted how the digital asset has different value propositions for developed, developing and first-world economies.

“In developing countries, you’ll see much more adoption there — countries that really have double and triple-digit inflation, your Lebanon’s, Nigeria’s, Argentina’s.”

Meanwhile, developed nations like the United States, the United Kingdom, France and Switzerland will see varying degrees of adoption dependent on regulation and education.

NSA whistleblower Edward Snowden stressed the importance of Bitcoin in combatting tyranny and governmental overreach while providing individual sovereignty of wealth during a virtual address at the conference.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

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Market manipulation in the crypto sphere, explained

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