NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Despite Crypto Bubble Crash, Pump and Dump Schemes Are Still Rampant

Ali Martinez
Ali Martinez
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

A glance at “Crypto Twitter” shows that the blockchain industry is oversaturated by speculators that lack financial literacy. This is the main reason why different communities surrounding a particular cryptocurrency, such as the “XRP army,” will do everything in their power to defend their views even when there is undeniable evidence that contradicts them.

With a market full of uneducated investors, some individuals have used their knowledge to gain popularity by estimating future movements in a given altcoin. This has provided them with enough power to build their own private groups and engage in market manipulation.

The infamous Palm Beach Confidential Group is a vivid example of this. The $5,000 subscription group has once again made it to the headlines after its main editor appears to have implemented one of the most vicious crypto-related pump and dump schemes of 2020.

Crypto Pumpers Benefit from Lack of Regulatory Oversight

Teeka Tiwari has stolen the spotlight of the crypto market. The analyst recently recommended subscribers of the Palm Beach Confidential Group to buy Tierion (TNT). Following his endorsement, the price of this altcoin skyrocketed by a whopping 155%.

A few days later, however, the selling pressure behind TNT increased substantially after Teeka told his readers that he had closed his long position.

By the time Palm Beach Confidential’s users were notified, Tierion had already lost 40% of its value. And, when the dump concluded it was down by nearly 70%.

Tierion US dollar price chart
Tierion Becomes the Most Recent Pump and Dump Scheme in the Industry. (Source: TradingView)

Those who rushed to buy TNT, just because it was recommended in the Palm Beach Confidential Group, may have found themselves with a worthless token. Indeed, the crypto asset currently does not have a use case, and its future is quite uncertain.

“TNT was mainly used in the legacy Chainpoint network, but with the regulatory uncertainties around TNT, the team moved on to a new version of Chainpoint that uses Bitcoin Lightning and DOES NOT USE the TNT token at all,” affirmed behavior analytics platform Santiment.

Even though Teeka could be blamed for not doing his research before recommending a token, most of the fault resides within those who followed the herd. The irrational behavior of chasing coins that are on the move may come with significant losses.

Smart Investing Using Blockchain Technology

What happened with crypto asset Tierion shows that many of the so-called “renowned analysts” within the industry are trying to benefit from unaware investors.

While this may not necessarily apply to all of them, it is important to take everything that is being said in a market with little to no regulatory oversight with a grain of salt.

Santiment pointed out that a look at the network activity and development growth of any given crypto asset can provide an idea of what is happening behind closed doors.

“To accurately look into a project’s health as a true contender [you must] ensure that [it] is showing steadily stable (or preferably increasing) levels of daily active addresses, Twitter growth, development activity rates, amount of top holder funds off exchanges, and trading volume. If all are moving upward, it is a great sign you are in an asset with some serious staying power,” said the on-chain insights provider.

As the industry continues to mature, more transparency will be brought to investors through the use of blockchain technology. Now, it is in the hands of crypto enthusiasts to do their due diligence to avoid “pump and dumps” like the one previously mentioned.

Featured Image from Unsplash
Tweet123Share196ShareSend
Ali Martinez
Ali Martinez

Ali Martinez

Ali began forex trading in 2012. In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

dogecoin kriptovaluta

Dogecoin kriptovaluta pada – vlagatelji hitijo k MAXI in PEPENODE

Trg meme kovancev se ta mesec ne more odločiti. Vidimo, da se rasti skoraj takoj končajo s prodajo. To je...

tanjapotocnik 1 hour ago
dogecoin

Технические сигналы в пользу роста DOGE: чего ждать трейдерам

Рынок мемкоинов снова в центре внимания. Один из ярких примеров – проект Maxi Doge, который проводит предпродажу токена и предлагает...

daria 2 hours ago
биткоин

Если Биткоин завершит сентябрь в плюсе: прогнозы аналитиков

В последние годы интерес к криптовалютам стремительно растет, и речь идет не только о частных инвесторах. На сцену все активнее...

daria 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Comprare cripto su MEXC è Ora Più Semplice Con Apple Pay e Google Pay

Orfeo Barone 7 minutes ago
BEST WALLET

Najnovejša Best Wallet je na voljo v App Store in Google Play

tanjapotocnik 45 minutes ago

Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details

Sebastian Villafuerte 57 minutes ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ:次のブルランでシバイヌを超える成長候補の4トークン

    ...

    7 minutes ago
  • 新しい仮想通貨トレーディングボット、エコシステム大型アップグレード前にICOで400万ドル突破目前

    ...

    19 minutes ago
  • 5,000ドルを目指すイーサリアムと有望アルトコインの動向

    ...

    31 minutes ago
  • ドージコイン投資家が注目する新たなミームコイン、最大93倍の上昇予測

    ...

    53 minutes ago
  • イーサリアム...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.