XRP Faces Systematic Rigging, Major Holder Says
A prominent XRP holder is calling out what he says is a deliberate and recurring scheme to push the token’s price up before US markets open — then drive it back down once trading begins. Related Reading: Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait The claim has split the XRP community between those who see a coordinated attack and those who say the data points to something far more routine. A Chart, A Pattern, And A Name For It The community figure at the center of the debate goes by Arthur online. He posted a historical price chart showing....
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The past 18 months have been rather troubling for banks all over the world. Various investigations have resulted in US$3.1bn in fines. The financial ecosystem is facing another setback, as the HSBC global head of FX trading has been arrested at JFK airport earlier this week. This arrest came as quite a surprise to a lot of people, albeit Mark Johnson is suspected of currency benchmark rigging. None of these claims have been verified at the time of publication, but law enforcement officials have a case against him by the look of things. HSBC Official Is In Hot Water. While it is not....
As unprecedented charges of rigging have loomed over the U.S. presidential election, much attention has focused on the capability of blockchain technology to make voting more transparent. Joseph Lubin, the founder of ConsenSys and the co-founder of Ethereum, observed in an article in Futurism that decentralizing technologies have important implications for not only improving elections, but in empowering individuals overall. In addition to charges of rigging, this year’s U.S. election featured the emergence of foreign and non-state actors wielding the power to influence the election’s....
An Australian bitcoin trader has filed a lawsuit against two of the country’s biggest commercial banks, accusing them of systematic discrimination when they closed his accounts on short notice. Allan Flynn is demanding compensation of AU$250,000 ($193,000) from ANZ and Westpac banks for closing his accounts immediately after they had been opened, the Australian Financial Review reported on Jan. 18. Flynn, who operates a registered bitcoin (BTC) exchange, has started proceedings against both banks at the ACT Civil and Administrative Tribunal. The trader alleges he is the victim of....
According to Glassnode’s latest The Week On-Chain report, Bitcoin (BTC) must remain above the Short-Term Holder (STH) cost basis to avoid potential downside risks. Historically, this price level has served as a crucial pivot point between local bull and bear market phases, making it a key area to watch. Bitcoin Must Avoid Sliding Below STH […]
There are fears that voting on the blockchain might not be practical. Instead, the real value of this technology may be linked to counting ballots afterwards. From the United States to Uganda, allegations of vote rigging have become part and parcel of elections worldwide.Some of these claims are legitimate, with strongmen leaders suppressing the will of the people in a desperate attempt to cling on to power. But in other cases, such accusations are made with little evidence. Fake videos swirl online that paint a picture of manipulation on an industrial scale — depicting a world where....