Pump-and-dump is the fraudulent way of artificially inflating the price of cryptocurrency through different ways, including shilling or by spreading false news, and selling the cryptocurrency when the price hits a high. The practice is often carried out by those who bought the cryptocurrency at a cheap price and are looking to make a quick profit out of the investment.
The securities watchdogs in different countries regularly warn investors about pump-and-dump scams in cryptocurrencies.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.