A BIT of A crypto Crisis
(WorldNews Business)

It’s as easy as setting up an e-mail address or operating a bank ATM, anyone can do it — this is what you may often hear from Bitcoin advocates. But here’s the catch: more than 50 per cent of the world’s largest cryptocurrency is owned only by about 2,000 users, most of them are connected and the trade is synchronised. The recent boom and bust of Bitcoin prices has proved this. “These heavyweight first movers, also known as whales, are working in collusion. Some of them are working on behalf of the super-rich and politicians,� said a source who worked with a cryptocurrency exchange in India. Risky business Whales want you to rely on their ‘Papa...