What is a crypto wallet? All it is is a private key that is used to encrypt and decrypt information that is on the public internet; in regard to your wallet it is the tool that is used to utilize you public wallet address. There are multiple types of wallets, I will be focusing on Ethereum and Ethereum based wallets for this post.
This will be in relation to GameStop and the creation of the NFT marketplace. I am writing this after sitting on the call with /r/wallstreetbets in regards to SimpleAdvice on said call.
We have been seeing a lot of price manipulation of LRC (Loopring Token) in the last few days, all too similar to what one sees with GME (Gamestop). I have NO EVIDENCE of a CEX doing what I describe below, but am simply explaining the possibility of what could happen in today’s world of corrupt finance. The only solution to these problems will be transparency to the people of the world. DeFi ;)