The U.S. Department of Homeland Security has warned that “predatory users” are using bots to exploit decentralized crypto exchanges.
CoinDesk
As Dow Jones Rallies, Trading Bots Tell Investors to Short Everything
The Dow Jones Industrial Average is rebounding, but computer trading bots are alerting investors to short everything. Trading Bots Suspicious of Dow Winning Streak According to quantitative investment firm AlphaSimplex, algorithmic trading bots suggest shorting three major asset classes: stocks, currencies, and commodities. “Pretty much any way you run the models, you end up net short
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Quantitative Hedge Funds: Wall Street’s Own Mt. Gox Willy Bot(s)?
The Wall Street Journal published an article on Tuesday, the gist of which was that computerized trading by quantitative hedge funds is to blame, if blame is to be assigned, for the downturn in the overall market. Leave out a geopolitics that might as well be alien to anyone who didn’t just enter the workforce.
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Bitcoin Price Manipulated by Cryptocurrency Trading Bots: WSJ
Bots that manipulate bitcoin price are not new, and they aren’t going away, according to The Wall Street Journal. The problem continues to draw regulatory scrutiny, as it was cited by the Securities and Exchange Commission (SEC) when it rejected several bitcoin ETF applications in August. Andy Bromberg, president and co-founder of CoinList, which issues tokens,
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Elon Musk Joins Forces With Dogecoin’s Creator to Combat Crypto Scam Bots
Tesla and SpaceX CEO Elon Musk has had enough of the cryptocurrency scam bots that plague Twitter. In a recent tweet, Musk called on Jackson Palmer, creator of the popular meme-based cryptocurrency Dogecoin (DOGE), to help rid Twitter of these bots that commonly mimic popular accounts to trick unsavvy investors into sending their digital assets under the guise […]
SludgeFeed
Elon Musk Gets Help From Dogecoin Creator Against Twitter Bots
Tesla creator Elon Musk sought help eradicating Twitter’s infamous bots from an unlikely source September 16, publicly asking Dogecoin founder Jackson Palmer for help.
Palmer: Twitter ‘Should Automate’ Botnet Fix
In an exchange Sunday, Palmer confirmed he had given code to Musk in order to prevent bots posting fake giveaway advertisements below his genuine tweets.
“Elon has the script… we had a good chat on how [Twitter CEO Jack Dorsey] and the Twitter team should definitely automate and fix this problem on their end though,” he wrote.
The Google Pay for Bitcoin Wallets: Payment Codes and PayNym Bots
An emblematic, and probably the most controversial feature, cryptocurrencies brought to the world economy is absolute privacy. Lately, however, it seemed that this property was lost as financial institutions started to get the hang of the way they work. PayNym claims to be able to bring it back.
“When you walk the streets, it’s good to have a Samourai on your side”
The parent company, Samourai, vowed to bring into being the products that “Silicon Valley will never build, the regulators will never allow, and the VC’s will never invest in. We build the software that Bitcoin deserves.” One of their most popular software is the Samourai Wallet for Bitcoin which protects the identity and transaction history of its owner from curious eyes.
This Crypto Scam Botnet Consists of Over 15,000 Separate Bots
Researchers at Duo Labs have discovered that Twitter is home to at least 15,000 scam bots and have published their findings in a new report.
Between May and July of 2018, staff members observed, collected and analyzed nearly 90 million public Twitter accounts that had released over 500 million tweets. In addition, researchers also examined elements of each account including profile screen names, number of followers, avatars and descriptions to gather one of the largest accumulations of Twitter data ever studied.
The Daily: Twitter Blocks Bots Mimicking Musk, Coinvault Hackers Sentenced
In Friday’s edition of The Daily, Twitter has taken measures against crypto scammers imitating the profile of Tesla’s CEO Elon Musk and a Dutch court has sentenced the operators of the Coinvault ransomware. Also, crypto has been labeled as ‘junk’ by Mastercard CEO Ajay Banga, and Wirex has reported $ 2 million worth of XRP deposited to its crypto debit card after announcing support for ripple.
Also read: Skrill Launches Crypto Trade, Luxury Market Reaches $ 100M Transactions
South Korea’s Cryptocurrency Industry Sees a Growing Number of Trading Bots
Trading bots have been playing an increasingly important role in the world of cryptocurrency. That in itself is a very positive development, although it may lead to a lot more speculation and volatility. It seems a few bots are making their mark on the South Korean cryptocurrency industry these days, which is well worth keeping an eye on.
The Rise of Trading Bots in South Korea
Most people will know by now that South Korea plays a critical role in the world of cryptocurrency. Its local exchanges generate a lot of volume, mainly because South Korea overtook both China and Japan in terms of trading volume quite some time ago. Even so, any development taking place in South Korea is worth taking note of, as it may spill over to other parts of the world as well.
Trust Token Blames Bots for Volatility of Trueusd Stablecoin
On Wednesday Trueusd, a stablecoin designed to be pegged to the US dollar, experienced a sudden bump in price after Binance announced support. The news caused Trueusd (TUSD) to rise by an unprecedented 40% before eventually subsiding. Trust Token, the coin’s developers, have now explained to news.Bitcoin.com how this sequence of events came to be.
Do Crypto Trading Bots Really Work?
Bots and talk of bots is endemic within the crypto space, with behavior, good and bad, often attributed to their actions. Mt Gox famously had the Willy Bot manipulating merrily, perennial bear Bitfinexed sees bots everywhere, and crypto traders are prone to boasting about the sick returns they’ve raked in from their proprietary arb bots. There’s no doubt that bot activity is very real. But is it profitable?
Also read: Five Reasons Why Bitcoin Cash is About to Win Big
Bots Blamed for Binance Bug That Leaves Traders Reeling
Binance has found itself at the center of an unusual trading bug that has created big winners and losers. In a matter of minutes, viacoin pumped by 70x. Just to compound the drama, bitcoin experienced a massive sell-off shortly afterwards following bearish news from the SEC. Binance suspended withdrawals while it investigated the matter, but these have since been reactivated. Wednesday March 7 will go down as a memorable day in the exchange’s short history, but one with a happy ending.
Also read: Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist