US launches criminal probe into bitcoin price manipulation
Federal prosecutors are working with the Commodity Futures Trading Commission
Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. PHOTO: REUTERS
The US Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday.
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The investigation concerns illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people familiar with the matter.
Federal prosecutors are working with the Commodity Futures Trading Commission (CFTC), the report added.
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Neither the Justice Department nor the CFTC was immediately available for comment.
Chipmaker gets boost from crypto mining, gaming
The investigation concerns illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people familiar with the matter.
Federal prosecutors are working with the Commodity Futures Trading Commission (CFTC), the report added.
Ethereum is top public blockchain in China's new index
Neither the Justice Department nor the CFTC was immediately available for comment.