Two congressmen from Florida and North Carolina have introduced bipartisan legislation aimed to help prevent cryptocurrency price manipulation. Representatives Darren Soto (Democrat) and Ted Budd (Republican) jointly announced Thursday that their two bills – “The Virtual Currency Consumer Protection Act of 2018” and the “U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018” – are ultimately aimed… Read More »
It was in way back in May 2018 when the US Department of Justice began a criminal probe into whether there was involvement of traders in manipulating the prices of Bitcoin last December when it reached the all-time highs. But looks like now all eyes are on Tether and its use by traders to rake up prices. Is… Read More »
Since its inception, Bitcoin has exhibited a highly volatile nature. However, during the past few days, Bitcoin’s price volatility has fallen to the lowest level of 2018. The U.S. Securities and Exchange Commission (SEC) will most likely view Bitcoin’s calmer price oscillations favorably. Low Volatility Signals That Investors Are Now Holding to Bitcoin Bitcoin’s (BTC) 00 volatility has… Read More »
It seems that Bitcoin’s swings cause a butterfly effect throughout the entire market, but what causes these swings in the first place? Well, here’s the summary of the last few days. The end of September was full of suspense and surprises, with bitcoin (BTC) 00 racing from $6,400 to $6,700. Many traders were eager to celebrate the time… Read More »
Crypto exchange Kraken has responded to a recent article by Bloomberg that argues Tether (USDT) is being manipulated on their exchange. Kraken took a dig at the article’s complex headline and insinuated that the article was written to have an effect on the price of futures trading.Kraken Swipes at BloombergFour Bloomberg reporters claimed that data from Tether trading… Read More »
According to experts at Fundstrat, the price drop of Bitcoin to below $7,000, a two-month low, indicates that the coin will have a difficult time recovering in the short-term.
The Bitcoin price is volatile by nature. Not all of this volatility is created out of the blue either. An ongoing investigation regarding Bitcoin price manipulation is taking place. As such, U.S. regulators demand data from various trading platforms to address these concerns.
Osato Avan-Nomayo · May 24, 2018 · 11:00 am There are unconfirmed reports that the U.S. Department of Justice (DOJ) has set up a probe to investigate suspected Bitcoin price manipulation activities. According to Bloomberg, four unnamed sources revealed that federal prosecutors are worried that the market is overrun with misconduct. Fears of Rampant Spoofing and Wash Trading… Read More »
The U.S. Justice Department has opened a criminal investigation into cryptocurrency price manipulation purported by market participants. In the meantime, Bitcoin continues to move lower towards the $7,000 line in an overall gloomy week for digital currencies.U.S. Justice Department Launches Criminal Investigation Into Cryptocurrency Price ManipulationU.S. federal prosecutors are working with the Commodity Futures Trading Commission (CFTC) in… Read More »