Loading ...Researchers say market manipulation is destroying traditional safe havens
The University of Sussex Business School released an analysis stating that widespread market turmoil caused by the covid-19 pandemic means regulators have so much on their plates right now that large-scale manipulation of the markets remains below their radar.
In the view of the researchers behind the study, this is the reason why prices of safe-haven assets such as gold and bitcoin are not surging.
By tracking trades on the markets in recent months, a team at the University’s CryptoMarketRisk project noticed huge sell orders on gold futures, massive pump and dump on copper futures and large spoofing orders on key crypto exchanges.
They say that some single trades on COMEX have been so large as to move prices, which is a clear contravention of US laws on market abuse.