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A comment on Twelve-year-old boy makes £290k from whale NFTs. Parent comment

Re:Twelve-year-old boy makes £290k from whale NFTs by klipt on Friday August 27, 2021 @08:29AM (#28326951)
Yes it's called Painting the Tape and is illegal in the US and prohibited by the SEC: https://www.investopedia.com/terms/p/paintingthetape.asp
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Re:Twelve-year-old boy makes £290k from whale NFTs by alex_c on Friday August 27, 2021 @08:43AM (#28327070)
Does this apply to cryptocurrencies?
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Re:Twelve-year-old boy makes £290k from whale NFTs by em-bee on Friday August 27, 2021 @09:36AM (#28327630)
most cryptocurrencies are considered securities, so yes. but this is an NFT. not sure where things stand there, but if they are being traded like currencies, then my bet is on NFTs being securities too.
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Re:Twelve-year-old boy makes £290k from whale NFTs by woleium on Friday August 27, 2021 @01:24PM (#28330543)
not yet
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