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US Government Opens Criminal Probe into Bitcoin Price Manipulation: Report

Us government opens criminal probe into bitcoin price manipulation: report

US Government Opens Criminal Probe into Bitcoin Price Manipulation: Report


Us bitcoin price investigation
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The United States’ Justice Department has reportedly opened a criminal investigation into possible market manipulation of prices of cryptocurrencies including bitcoin by traders.

Citing sources familiar with the probe, Bloomberg is reporting that the United States Department of Justice (DOJ) is working alongside the Commodities and Futures Trading Commission (CFTC), the markets regulator, to focus on illegal trading activities in cryptocurrency markets.

Specifically, the investigation is narrowing in on ‘spoofing’, a form of market manipulation wherein traders enter a flurry of false orders to deceive other market participants into buying or selling, as well as “wash trading” – wherein traders sells and buys with themselves to purport heightened market activity in order to stroke confidence among other investors and lure them into the market.

The investigation is said to be in its ‘early stages’ with prosecutors reportedly looking into a cryptocurrency trading markets including that of bitcoin and ethereum’s ether token.

The investigation comes at a time when cryptocurrency exchanges like the Winklevoss bros’ Gemini platform partnered Nasdaq to monitor all its markets for unusual trading patterns using a surveillance technology deployed among the world’s largest  stock exchanges.

News of the criminal investigation coincided with a decline in bitcoin prices, dropping 5 percent in a 90-minute period to hit a low of $7,260 this month.

Us government opens criminal probe into bitcoin price manipulation: report

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Published at Thu, 24 May 2018 10:35:13 +0000

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Adam is interviewed about token.fm on the pilot episode of “Art on the Blockchain” with DJ $crilla and IP Attorney Cynthia Gayton

Shownotes:This is Episode 1 of ART ON THE BLOCKCHAIN with your hosts DJ J $crilla and Cynthia Gayton. In this episode we familiarize our listeners with who we are and what our aim is with the podcast. We speak to Adam B. Levine for an hour about tokensizing art, his projects Tokenly and token.fm and much more.

Art on the Blockchain News Discussed:

  1. Spotify has acquired Sonalytic, a UK start-up that uses audio identification technology to recognize songs and tracks copyright protected material. 3/7/2017news.spotify.com/us/2017/03/07/27384/

  2. Jay-Z has created, along with other related businesses, a new venture capital fund under the Roc Nation umbrella called “Arrive” to assist with branding, managing artists and representing athletes according to their press release. The team intends to work with a select group of early stage start-ups.www.prnewswire.com/news-releases/r?’-300418165.html

  3. Simon Denny, a New Zealand born and Berlin-based artist has a solo show at the Los Angeles Hammer Museum featuring the potential applications of blockchain. In this exhibit, he investigates three possible futures for the industry and created a sculpture for each. The exhibit closes on April 23, 2017.hammer.ucla.edu/exhibitions/2017/?’ects-simon-denny/

  4. Economist and film maker Manuel Stagars has released a documentary film entitled “The Blockchain and Us” this year. The film is the result of twenty interviews with people ranging from authors to futurists from five countries.www.manuelstagars.com/blockchain-documentary/

  5. There will be a Blockchain and Decentralization meetup at SXSW on March 14 from 3:30 – 4:30.schedule.sxsw.com/2017/events/PP96648

DJ J-$crilla’s Featured Project:

Discuss the Rare Pepe Trading phenomenon and it’s uses on the blockchain. We talk about artists monetizing their artwork on the blockchain and trading cards on counterparty (XCP.)

Instructions (Courtesy of @CryptoChainer)

  1. Create wallet on rarepepewallet.com
  2. WRITE PASSPHRASE DOWN, DO THIS NOW!
  3. Copy address, and send BTC for fees
  4. Send BTC to tuxexchange.com
  5. Purchase PEPECASH at tux
  6. Send PEPECASH to RPW address
  7. Buy cards, and live forever
  8. Use Book of Orbs on iOS or Android for mobile experience
  9. Existing passphrase can be used in Book of Orbs
  10. There is no #10

Rare Pepe Wallet : rarepepewallet.comRare Pepe Directory: rarepepedirectory.comReddit: www.reddit.com/r/pepetraders/Facebook: www.facebook.com/groups/rarepepeblockchainTelegram: t.me/rarepepegradergroupGame Website: rarepepe.partyOfficial Wallet: rarepepewallet.comA Gallery of Rares: rarepepe.galleryCentralized Pepe Auction House: pepeauctions.comPepecash Exchange: tuxexchange.com/trade?coin=PEPECASH&market=BTCAndroid/iOS Pepe Wallet: bookoforbs.com

Recorded at One Love Massive Headquarters in Washington DCEngineer: DJ Mike Phillipz

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