NEM Foundation President: the manipulation of prices in the market of cryptocurrency is inevitable

Home » ALTCOINS » NEM Foundation President: the manipulation of prices in the market of cryptocurrency is inevitable
2018-02-14
NEM Foundation President: the manipulation of prices in the market of cryptocurrency is inevitable

NEM Foundation President Lon Wong said that price manipulation is “inevitable” in the digital money sphere, but in the process of growing the market such precedents will become less.

Manipulating prices is not a new phenomenon. It can be observed in traditional markets. Our industry is now at the stage of birth and growth, therefore such things are inevitable. Based on this fact, [manipulation] will remain in the past when the market grows up, “Wong said.
According to Wong, NEM is more interested in “advancing technology, not price.” So, in January, many investors and traders expressed concern about the potential “winding up” of digital money prices on the Bitfinex exchange. To this, Wong replied that the NEM “do not worry about manipulation.”

“Today, regulators are developing a new sphere for themselves and I believe that many of them do not have sufficient knowledge or experience to actually regulate crypto currency, especially on exchanges,” Wong added.

Tags:
CRYPTOCURRENCIES
  • bitcoinBitcoin$5,035.06
  • ethereumEthereum$162.37
  • rippleXRP$0.324858
  • tetherTether$1.00
  • eosEOS$5.27
  • stellarStellar$0.114135
  • litecoinLitecoin$77.02
  • cardanoCardano$0.081707
  • tronTRON$0.026066
  • moneroMonero$64.46
  • iotaIOTA$0.304310
  • nemNEM$0.065739
  • dashDash$118.90
  • neoNEO$10.86
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 49
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 45
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 43
© 2017–2018