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US first to launch criminal probe into Bitcoin manipulation by techstack

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bitcoin · @techstack · (edited)
$2.54
US first to launch criminal probe into Bitcoin manipulation
Today’s top news from Bloomberg which has caused another crash in Bitcoin price today which is currently trading around $7,518 down to -1.50% in last 24% and -7.75% in last 7 days. The Bloomberg news report says that 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, according to four people familiar with the matter.

![CCC6FFD0-E27A-4B54-9E4A-16AD5A150E22.jpeg](https://cdn.steemitimages.com/DQmWjj7ubvBnAuS53R3A8SyPcJR8GNYrzcG1h7FQoqK1ynv/CCC6FFD0-E27A-4B54-9E4A-16AD5A150E22.jpeg)
Source: investing.com

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, said the people, who asked not to be identified because the review is private. 

Here is a video from the news report:

https://youtu.be/6FsZd8Mbsqg
Source: bloomberg.com

What do you think about this action taken by US justice department. Will it stop Bitcoin price to move up further or will go down again. Please share your opinion by leaving your comment below.

<hr />


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@crypto.piotr · 
and market crashed again, no wonder.
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@techstack · 
Definitely manipulation is happening :)
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@crypto.piotr · 
thx for your comment @techstack

check your email :)
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@minnowsupport · 
<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by techstack from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows.  Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>
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@steemek ·
$0.09
They can't do nothing.Only warn people.
👍  ,
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@crypto.piotr · 
best they could do is to spent money and educate investors
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@steemitboard · (edited)
Comment removed
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@steemitboard · (edited)
Comment removed
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@techstack · 
Why it has removed?
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