SubscribeThe first investigation of manipulations by bitcoin began

in #bitcoin6 years ago

According to Bloomberg, the US Justice Department initiated a criminal investigation into the manipulation of prices for popular crypto-currencies, including bitcoin. The investigation focuses on specific and obviously manipulative actions, such as large forgeries, to deceive other traders and affect the price.

It's also not a secret that there are hundreds of groups in the network whose participants are engaged in artificially inflaming interest in the "ordered" currency using a series of quick purchases and the subsequent simultaneous "exit".

Despite the narrow focus of the investigation, the crypto-currency community took the news of him with hostility. Against this background, bitcoin is keeping below $ 7500, having experienced another fall along with other crypto-currencies on Thursday .

Traders try to use widely known techniques that have long been used in traditional securities markets, but transfer them into an unstable and unregulated world of crypto-currencies. However, the community regarded the attention to their actions on the part of the authorities as the first serious attempt at intervention and regulation.

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.034
BTC 98997.25
ETH 3299.74
USDT 1.00
SBD 3.03