PayPal finally allows external crypto withdrawals, regulators investigate Binance over BNB issuance and what do …
The US Department of Justice (DOJ) has reportedly opened a probe into whether Tether, the eponymous issuer of the USD-pegged cryptocurrency stablecoin tether (USDT), has engaged in illegal market manipulation to prop up the bitcoin price. Justice Department Investigates Tether for Crypto Manipulation Citing three people familiar with the matter, Bloomberg reports that federal prosecutors
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Brazil’s antitrust watchdog, the Administrative Council for Economic Defense (CADE), has recently launched an investigation into whether the country’s banks are purposefully harming cryptocurrency exchanges by restricting their operations. According to Reuters, the investigation is set to find out whether the banks abused their position in the market to harm the crypto exchanges’ businesses in
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The U.S. Justice Department is looking into whether the price of bitcoin and other virtual currencies are being manipulated, according to a report in Bloomberg that referenced four unnamed sources for the information.
Still in its early phases, the criminal probe will bring in other agencies, like the Commodity Futures Trading Commission (CFTC), a regulator that oversees bitcoin derivatives, sources said.
On spot markets, like GDAX, Poloniex and Bitfinex, where cryptocurrencies change hands immediately, the price of bitcoin can vacillate wildly in a matter of hours. Starting in early 2017, the price of bitcoin ballooned from $ 1,000 to a record high of around $ 20,000 in mid-December. Currently, the price now sits in around $ 7,500.
A public company in China is being questioned over a blockchain claim that appeared to drive a rally in its stock price.