A Spain based crypto Ponzi scheme, Arbicorp abruptly froze accounts of more 120,000 investors on September 12, after the discovery of an error that causes one of its cryptocurrency trading bots to overpay. Arbicorp claims that the error, which went unnoticed for almost a year, led to its trading bot called Community Bot, to pay […]
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Research over the last two years have shown that digital currencies have become a source of high marginal returns considering its ample trading opportunity and skyrocketing prices. Consequently, it allows individual traders to take advantage of multiple aspects of digital currencies often without the knowledge of the pitfalls of trading, such as high volatility that leads to major price swings.
Trading cryptocurrencies has always been a risky endeavor considering the opaque background of various coins, a trader must know the complexities of trading and the understand of a rapidly growing cryptocurrency landscape. Considering the fact that the crypto market remains open 24/7 with little oversight and is highly volatile. This environment has led the perfect storm for both huge losses and huge gains.
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