Friday, May 25, 2018

DOJ Opens Criminal Investigation into Bitcoin Price Manipulation

The US Justice Department has launched an investigation into traders who are manipulating bitcoin prices.

The Bloomberg report states that the probe is focused on "spoofing" - a practice where an investor intentionally manipulates the price of an instrument. Eradicating the flood of fake orders from the market is also on the agenda.

With the fall of bitcoin prices, and the volatile nature of the cryptocurrency market, there is a call to crack down on fraudulent activity. For more information, head to this CNBC article.

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