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U.S. Launches Criminal Probe into Bitcoin Price Manipulation

Selva in Markets & Trading

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Selva    + 252

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The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct. The investigation is focused on illegal practices that can influence prices,  such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources have indicated that bitcoin and Ethereum trading are specifically being targeted. After a pretty rough couple of weeks, most major cryptocurrencies are up  except  Bitcoin  and Ethereum. 

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