The first investigation of manipulations by bitcoin began

in #bitcoin6 years ago (edited)

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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 viewed the attention to their actions on the part of the authorities as the first serious attempt at intervention and regulation

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I think regulation won't be for a long time