Please Add Widget from here
  • BTCBitcoin$6,695.26-0.39%
  • ETHEthereum$243.150.46%
  • LTCLitecoin$60.770.38%
CNBC under fire following ‘pump and dump’ allega...

CNBC under fire following ‘pump and dump’ allegations

Popular news outlet CNBC has come under heavy criticism recently from members of the cryptocurrency community who have accused them of manipulating crypto market prices to their benefit.

CNBC which has been consistent in its coverage of cryptocurrency are alleged to have been using their media influence to manipulate market values to their benefits. The CSO of Blockstream, Samson Mow took to twitter to call out CNBC for the alleged actions and has called on the SEC to investigate CNBC, he tweeted:

Samson also pointed to possible evidence of this allegation against the staff of CNBC. The evidence which is a compilation of tweets seemed to highlight the various times CNBC engaged in market manipulation.

Another twitter user who goes by the name @BTC4USD also called out CNBC’s host Brian Kelly for his previous involvement in pump and dump schemes.

CNBC is yet to respond to any of these allegations leveled against them. The entire industry have their eyes peeled looking to see if the SEC will look into these allegations. Market manipulations are becoming a norm in the Crypto industry and should be weeded out completely. Do you think these allegations have any merit and the SEC should intervene? Let us know your thoughts in the comments.



Editor-in-Chief @Coindaily_co and Bitcoin enthusiast

  1. Crazy how much the scum on CNBC (especially whoever runs their Twitter page) support the absolute worst of shitcoins (xrp, bcash)

  2. cryptoloot

    May 22, 2018

    @CNBCFastMoney has it coming.
    Many of us have made cnbc aware of the deliberate misleadings which have always been the bcash rhetoric.

  3. no.
    BTC need regulation?

  4. Satoshi

    May 22, 2018

    This is unfortunate.

    Thought leaders of BTC are using the state to try and punish people and businesses who talk about Bitcoin Cash (BCH).

    Be very wary of anyone who claims their ideals are libertarian and aligned with free market – and then go crying to the government to help them punish their enemies.

Leave a Comment

Your email address will not be published. Required fields are marked *