Scientists have developed an algorithm that can predict pump-and-dump schemes

Last year"s rise of Bitcoin stimulated the rapid development of other cryptocurrencies. In the theory of Altcoins should have repeated the success of the main cryptocurrency. But the reality is that most of them today are traded in small volumes and are virtually worthless.

The success and anonymity of cryptocurrency have long attracted not the most conscientious people. Cryptomedia is littered with stories about trafficking in illicit goods, theft and fraud. And pump-and-dump schemes have become one of the most common types of fraud in the last year.

Quite a little is known about how such schemes are arranged, but this may change thanks to the work of Jiahua Xu and Benjamin Livshits from Imperial College London, writes MIT ...
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