Fontas crypto

People who followed Ryan Pumper in the past may have made some good money following his calls, that much is certain. When Dogecoin was first introduced to the cryptocurrency world, the currency was considered to be a joke. However, Dogecoin caught the interest of an individual going by the name of Wolong, who claimed to manipulate the Dogecoin market and make thousands of bitcoins while doing so.

His actions even drew a reaction from former Dogecoin developer Jackson Palmer. Many people believe Wolong is also the person responsible for creating Pandacoin, which ultimately collapsed after a massive pump-and-dump run.

To this day, it is estimated Wolong made at least 10, bitcoin from his activities, although the total amount may be much higher. It is impossible to discuss pump and dumps in the cryptocurrency world without coming across the name Fontas. This individual has become somewhat of a household name among altcoin daytraders. Pulling off a successful pump and dump is not an easy feat, though, as it requires both initial capital as well as social engineering skills to trick others into buying as well.

The way Fontas — allegedly — did it was by buying altcoins at a cheap price using different aliases. He would then announce on his Fontas twitter account about how one coin would be pumped. Since Fontas has a ton of followers, announcements like these will always create some market action.

At a hearing last month, three federal agencies said they were carefully tracking virtual currencies for illicit activity. But Judith M. Shaw, the top securities regulator in Maine, said that it was often hard to determine which authority should be cracking down on virtual currency fraud, or even what constitutes fraud in a market that some view as a giant bubble and others as the future of money. Shaw said. While regulators debate the pros and cons of bitcoins, this volatile digital currency inspires the question: What makes money, money?

Authorities in the United States have cracked down on the criminal use of virtual currencies in a few cases, but those have been isolated situations in which the coins have been used for illegal purposes in the real world, like money laundering and trade in illicit goods. The owner of the Silk Road, a website where drugs and weapons could be bought with Bitcoins, was arrested earlier this year.

But for crimes contained within the Bitcoin network — like thefts from apparently reputable online wallets where Bitcoins are stored — there has been almost no accountability. After writing a paper on Bitcoin transactions this year, Ms. Meiklejohn said she began receiving emails almost daily from victims of theft who asked her to help track down the perpetrators.

Meiklejohn said that despite the long odds of success, she had generally offered to help, knowing that the victims had nowhere else to turn. Meiklejohn said. Part of the problem is that regulators have not agreed on how to classify Bitcoin. The Securities and Exchange Commission has authority to regulate securities, like stocks, in the United States. This allowed the agency to punish a Bitcoin Ponzi scheme this year because the agreement between the swindler and the victims was considered a security.

But so far, the agency has not determined whether Bitcoin itself can be categorized as a security, making it hard for it to crack down on trading fraud. But that agency has not assumed responsibility. See next articles.

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