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Leading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet Financial Times, concerning bitcoin core (BTC). From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $30 billion onto the market, shedding about half their collective positions just in […]
The post Flash Transfer: Bitcoin Hodlers Dumped $30 Billion Since December appeared first on Bitcoin News.
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At press time, bitcoin has fallen by another $100, and is now trading for $7,200. The bears continue to control the market as the cryptocurrency arena has thus far lost over $150 billion from its May high. Recently, it was announced that the U.S. Justice Department was opening an investigation into the manipulation of cryptocurrency prices and illicit activities. Peter Tchir – a cryptocurrency analyst and Forbes contributor – says he would be very surprised if it turns out that cryptocurrency prices aren’t being manipulated, and feels that bitcoin’s price swings couldn’t occur unless someone was pulling the strings. Tchir saysPowered by WPeMatico
The US Department of Justice has launched an investigation into possible crypto price manipulation by crypto traders, reports Bloomberg. Quoting four people familiar with the situation, the report indicates that the DOJ’s prosecutors are working in partnership with the Commodity and Futures Trading Commission to probe the matter. The DOJ believes that digital currencies are highly susceptible to fraud, especially given the sector’s lack of regulation. Fake Orders And Spoofing The investigation will focus on a number of illegal activities that traders can use to manipulate the price of cryptos, one of which is spoofing. Spoofing is when traders initiate largePowered by WPeMatico
Have you ever felt that someone is controlling the crypto markets, increasing prices to lure you in and crash it all as soon as you buy? Well, US authorities have apparently heard your whining because they are now reportedly suspicious manipulation is indeed occurring. Also Read: Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of […]
The post US Justice Department Investigates Price Manipulation in Bitcoin Market appeared first on Bitcoin News.
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Now bitcoin can provide economic researchers a new tool for exposing both currency manipulation and capital controls, in a way never thought possible before due to a lack of a perfect benchmark. This is done using similar methods to those arbitrage traders employ, comparing prices in different cryptocurrency markets around the world. Also Read: Cobinhood […]
The post Research: Bitcoin Exposes Central Banks’ Currency Manipulation and Capital Controls appeared first on Bitcoin News.
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This week Paypal users reported receiving an official-looking email from Paypal, warning users about “activity [involving] the trading or transfer of crypto currency [sic] which is prohibited under our Acceptable Use Policy,” asking the receiver to “cease any activity that results in the trading or transfer of crypto currency.” Also read: Since Embracing Bitcoin, Robinhood App […]
The post Paypal Users Receive Cryptocurrency Warning Email appeared first on Bitcoin News.
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Researchers at the American Institute for Economic Research (AIER) teamed with Missouri University to examine whether the price of bitcoin is being manipulated by a few traders. Conspiracy theories abound, and new accusations arise regularly. A first in a series of papers on the world’s most popular cryptocurrency, the present project attempts to show a […]
The post AIER Researchers: Bitcoin’s Price Moves with News appeared first on Bitcoin News.
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