The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies dramatically ratcheting up US scrutiny of red-hot markets that critics say are rife with misconduct.. according to four people familiar with the matter.
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 / selling, said the people, who asked not to be identified because the review is private.
Federal prosecutors are working with the Commodity Futures Trading Commission, a financial regulator that oversees derivatives tied to Bitcoin, the people said.
A new from bloomberg
Certainly I find the research interesting ... the exchanges and bots are at ease as in the wild west ... What is clear is that this news itself is not causing the current decline of the market or bitcoin and if it sounds bad it's that it's time to buy;)
we are close to the apex ...
