FINTECH company Circle announced that will use special monitoring tools to track insider trading and diagrams Pump & Dump. This writes Cointelegraph.
The announcement company from Boston, which, in particular, belongs the well-known bitcoin exchange, Poloniex, made earlier this week.
With this aim, the Circle intends to use a tool called Cloud Markets Surveillance (CMS) which was developed by Israeli company Nice Actimize.
Besides Poloniex, Circle intends to monitor and prevent suspicious activities on its OTC platform, the volume of transactions in which last year totaled $24 billion.
At the end of last year about introduction of the software to track suspicious activity and manipulation on the market also announced a major European exchange Bitstamp.
We will remind, in December of last year the users of Social Science Research Network, examined data messenger Telegram and the shell, published a study about the manipulation of the cryptocurrency market, In particular, from January to June 2018, they found 4 818 attempts to engage in schemes of Pump & Dump, which affected 300 different cryptocurrencies.