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Not sure why insider trading would be a thing. What information would affect the price? Most aren't based on anything substantive. Front running and pump & dum
by lucozade 9y ago
Not sure why insider trading would be a thing. What information would affect the price? Most aren't based on anything substantive.
Front running and pump & dump are pretty easy currently. That's not a fundamental thing though. More of a fact that the cryptocurrency environments, especially exchanges, tend to be exceptionally opaque. Somewhat ironically.
- jstandard 9y agoEmployees at major exchanges can trade on insider information about whether a major exchange will support a new coin. Employees at token-funded companies can insider trade on that same information. There's already some evidence these schemes are happening at major exchanges. Coinbase's launches of Litecoin and Bitcoin Cash come to mind. https://medium.com/@bitfinexed/coinbase-insider-trading-litecoin-edition-be64ead3facc https://medium.com/@bitfinexed/coinbase-insider-trading-lite...