Without Regulation, Cryptocurrency Remains A Test Realm Thanks To Situations Created By Companies That Produce #CoinMarketCap

Document Management System (DMS) being setup by IT consultant working on laptop computer in office. Software for archiving, searching and managing corporate files and information. Business processes

We are a nation that thrives on second chances, most of the time. My first college professor was a professor who spent five years in prison. While he was serving time for robbery, he started working on his degree. Before he finished out his sentence, he was entering into his grad program. This was my first encounter with a person who spent time in lock-up.

It changed my idea regarding people and how they could change, given the right tools. Flash forward to this morning. Coin Market Cap posted a message about a Saitama promoter who happens to be someone with a criminal history. The charge was almost 12 years ago. A Twitter personality reached out to the site and questioned them about the potential for a lawsuit, then the tag disappeared. 

After the banner showed up on the site, which shares the information of thousands of cryptocurrencies, people started to dump almost immediately. This dump resulted in Saitama dropping to 0.000000029800. After the mention of legal issues with this form of manipulation, the site, and another sister site removed the banners. On the banner, the site led people to believe that Willi D. was part of the development team calling him a partner. Saitama has started to go back up and is now sitting at 0.000000062543

This was captured off Twitter.

The interesting part about this situation is that an exchange called Binance owns the platforms that published the link to the influencer’s records. Now with Saitama having exchange-like goals, I find it interesting that this sort of attack would happen so blatantly. Binance is no stranger to manipulation. They are currently in trouble because of market manipulation. States like Texas and New York will not let them operate due to their business practices.

I feel like this is an effort to slow down deals with upcoming companies because Saitama has been able to make deals that other cryptocurrencies haven’t been able to gain, other than, Bitcoin. I think XRP is also starting to make big money moves shortly.

At this point, I do not see how we will have another year go by without seeing cryptocurrency without regulation. This might be the last hoorah for a lot of coins and exchanges as long as they keep playing dirty. We are living in the railroad wars once again, only this time, coins are the conductors.

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shellzonit

Former investigator and mother of three wonderful girls. My blog is about learning how to navigate through life without placing yourself and the people you love at risk. I focus on parenting, community, and issues that define us as a nation.

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